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All New: Take 120
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All New: Insider
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All New: Fast Forward
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All New: Decoder
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All New: Fast Forward
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All New: Fast Forward
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All New: Impact Players
Famed short seller Jim Chanos says the battle over Herbalife between billionaires Bill Ackman and Dan Loeb will turn on whether the company's products are being used or simply sitting on distributors' shelves.
All New: Fast Forward
Nouriel Roubini and Ian Bremmer say extreme weather caused by climate change is hampering the global economy. One big problem: Poor nations have few incentives to address the issue because solutions could slow their economic growth.
All New: Fast Forward
IMF Managing Director Christine Lagarde discusses the challenges of regulatory arbitrage, the need to promote job-based economic growth and the dire dangers from the U.S. debt ceiling fight
All New: Fast Forward
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video transcript
I think super soft sandy was a wake up call nobody expected the severity of the flooding myself included that actually happen. The real question is can we as a community as a city as a region. Allow this to happen again. My guest on such groups -- Stony Brook university has been looking at various. Options of how the city in the long term. Can protect itself against -- storm surges and an aero climate change rises. I've recently returned from trip to the Netherlands where I studied there regional protection systems in the Dutch. Have built up the sand dunes are much of the coast on the North Sea. Some places that you feed. He sends it wide. 700 feet wide and -- rules and written at least that protects much of the country but we have to look. To Russia the Saint Petersburg the beautiful city the Venice of the north. They built a ring of protection around this city it's an elevated highway. Surrounds the low -- that city is built on the delta of the river and even. And in addition this this highway extends into the ocean. And a thousand trucks problem on the they're not gates that are normally open to -- ships and now. That -- -- storm surge is coming down the Baltic -- they -- these gates for a few household back SuSE which. And the city is protected and we can learn from that technology Europeans. What would be best for you. The best solution that I need promoting. Two -- one would stretch the five miles. Gap between sandy hook New Jersey and rockaway of the rest -- compromise. That would protect the city -- -- coming from the notion of the south. But they would need to be a second area in the upper East River. In the throes nick rich for those of that is that would protect the second source says it just that are really quite dangerous. And this -- is coming down on violence down from the east. People ask me well five miles that's it was a very wide sort of Barry. But it's worth remembering that affect the water out there in the -- ratio. -- twenty feet deep and so would be relatively easy engineering wise. To build an elevated highway equipment so multi picture studios just Olmsted Berrian. As a and to -- told road -- pass from that. New Jersey to Long Island that could have light rail crossing between. The major airports. Do it and Kennedy so this may make it attractive symptoms of finding a revenue stream that pay for a away from the entrance to to deal. We're still should -- would be appropriate. Those that line of protection would need to be extended bogs down this Jersey Shore itself. Into the east on the South Shore of Long Island. With and -- sand -- were talking about building a sand dunes may be 2533. The Dutch do they would need to extend as far as can be afforded. This would have a major impact in some respects and that those communities that are protected would lose into the ocean. The Dutch have had faceless and visit -- beautiful little coastal towns. That was safe and secure. And they traded the view -- security. So communities are gonna have to make those kind of decisions. About what they want for the future. The community. But the engineering is is not rocket science it's already been proven in Europe -- can be easily done it's really a matter of having political will. To take the bold step to do it.
Stopping the next superstorm (3:50)
Six months ago Hurricane Sandy killed 132 people and caused $60 billion in damage. Storm surge expert Malcolm Bowman explains how methods used in European cities could protect the New York area from the next deadly storm.
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