The lesson of Katrina that matters the most is that the promise of federal assistance that will likely never materialize can be as destructive as the initial disaster...
What residents need in this maw of confusion is certainty. They need to know which roads will be rebuilt, and when the power and water will come back online. They need to know that the rule of law will be enforced. In short, they need to know what economists call the "rules of the game" for rebuilding.
Imagine if you were placed in this situation of uncertainty for say, five years.
Thursday, June 19th.
Meanwhile, on the streets of Baghdad, people's thoughts are preoccupied with security and basic services, such as electricity and water.
Many wonder if Iraq's national wealth will ever improve life for them.