Frustrations are mounting across southeast Texas as residents enter a fourth day of crippling power outages and heat, a combination that has proven dangerous – and at times deadly – as some struggle to access food, gas and medical care.
More than 1.3 million homes and businesses across the region are still without power after Beryl slammed into the Gulf Coast as a Category 1 hurricane on Monday, leaving at least 11 people dead across Texas and Louisiana.
Many residents are sheltering with friends or family who still have power, but many can’t afford to leave their homes, Houston City Councilman Julian Ramirez told CNN. And while countless families have lost food in their warming fridges, many stores are still closed, leaving government offices, food banks, and other public services scrambling to distribute food to underserved areas, he said.
Poverty is always a liability. In the healthcare system, poverty raises the costs for everyone else when they don’t get things treated or prevented.
What bothers me is that there is a whole bunch of financial types who seem to blissfully ignore liabilities. “Those are unrealized costs,” when it should be “those are ticking time bombs.” If you don’t mitigate liabilities like through well regulated utilities those ticking time bombs will always have bigger consequences when they ARE realized.
That’s a problem for the next guy once I get my paycheck and leave in 2 years. Repeat ad nauseum.