I was in Oahu last week in a place that experienced 10 inches of rainfall in one day. I had never been in a situation where stepping outside felt like turning on a shower.
This is true we work with emergency management in Hawaii. Look up the Jones Act. All shipped goods end up having to hit the mainland before going to Hawaii which is a major contributor to increased costs of goods there.
It is truly tragic to see 5,500 people on the North Shore forced from their homes as the century-old Wahiawa Dam threatens to erase their livelihoods. One can only hope the evacuation orders were received in time to save what is most precious.
Sentiment aside, this is a textbook case of a natural audit. The Wahiawa Dam is a 120-year-old stranded asset that should have been liquidated decades ago; instead, it was kept on the books as a "high hazard" liability while the state and Dole Food Company bickered over a $20 million repair bill. Governor Green’s $1 billion damage estimate is simply the market finally collecting on 20 years of deferred maintenance and mispriced risk. Those living downstream without private insolvency insurance were effectively shorting gravity, and the "Kona Low" just called their margin. If the dam breaches, it isn't a disaster—it's the violent, overdue restructuring of an obsolete irrigation system. Nature is the only regulator that doesn't accept a settlement.
I was in Oahu last week in a place that experienced 10 inches of rainfall in one day. I had never been in a situation where stepping outside felt like turning on a shower.
Will Zuckerberg swoop in to buy all those properties?
Is it me or is infrastructure in Hawaii in general really terrible and falling apart? Much more so than the mainland.
Everything's more costly in Hawaii, including maintaining infrastructure
This is true we work with emergency management in Hawaii. Look up the Jones Act. All shipped goods end up having to hit the mainland before going to Hawaii which is a major contributor to increased costs of goods there.
Hawaii again? I hope it’s not too bad for the non-zuckerbergs
Are there people out there with Zuckerberg derangement syndrome, who can't hear about something only distantly related without bringing him up?
Kauai, where Zuckerberg's estate is, has not been affected. So yes, it's been bad for non-Zuckerbergs
It is truly tragic to see 5,500 people on the North Shore forced from their homes as the century-old Wahiawa Dam threatens to erase their livelihoods. One can only hope the evacuation orders were received in time to save what is most precious. Sentiment aside, this is a textbook case of a natural audit. The Wahiawa Dam is a 120-year-old stranded asset that should have been liquidated decades ago; instead, it was kept on the books as a "high hazard" liability while the state and Dole Food Company bickered over a $20 million repair bill. Governor Green’s $1 billion damage estimate is simply the market finally collecting on 20 years of deferred maintenance and mispriced risk. Those living downstream without private insolvency insurance were effectively shorting gravity, and the "Kona Low" just called their margin. If the dam breaches, it isn't a disaster—it's the violent, overdue restructuring of an obsolete irrigation system. Nature is the only regulator that doesn't accept a settlement.