seven years ago in august of 2005 the national disaster devastated the mississippi gulf coast. on friday, august 26th, a state of emergency was declared in mississippi and louisiana as both states braced for impact against hurricane katrina. one of the most powerful storms to ever form in the atlantic ocean. it was three days later on august 29th that the man made disaster helped along by the hurricane devastated the city of new orleans. hurricane katrina, which passed just east of the city, didn t make the direct hit that had been forecasted. but that was the day the first of new orleans protective levees, the only defense against catastrophic flooding was breached, that water poured into the city. flooding left 80% of new orleans under water, in some places up to 20 feet high.
in the country this year. it spread overseas, rumors about it all day didn t happen until after the closing bell. there s the dow, down 2%. the big bank downgrades, including the biggest banks in europe, moody s saying that anybody with a lot of exposure to the credit markets, they were going to downgrade them. the banks one by one saying they disagree with the downgrades and some of the stocks are moving up a little bit. that s the bank part of it. banks are what pumps the oxygen through the financial system. when you have people worried talking about a slowing global economy, it caused all kinds of concerns. we re concerned about slowing numbers from china, from europe, from germany in particular. we had all kinds of macro economic data that was starting to show what many people feared that the global economy is slowing down. that means american factories are selling fewer things and american business owners are not hiring people because they are worried about the global sl
cutting room and she saw there was a body being worked on. she mentioned that she found fedex receipts from the old owner and that they were sending these bones to a place called rti. in august of 2005, i subpoenaed documents from rti with the hopes of finding something in those documents and at the same time i received some documents from daniel george funeral home, and i now start to pore through the documents that we have. we started to realize there were many companies and there were many funeral homes and many bodies and i hit a point when i realized this case is getting bigger than myself and i need some help. i went for the best. my name is trish mcneil and i m from the rackets division. i was co-counsel with josh hanoi shaft in investigating the case. we had many, many, many documents. we had rooms full of documents, and at that point i didn t
gustav. in august of 2005, we all remember hurricane katrina plowed into new orleans as a category 3 killing an estimated 1,720 people. the cost of the damage near $96 billion. ultimately 80% of new orleans was under water and the massive flooding partly blamed on the failed levees. now a new report out warning that six years later the levee system is expected to get a near failing grade. more on that in a few minutes. we are talking politics, election politics. scores of cheering tea party fans welcoming sarah palin in iowa. she is saying the president is leading the country straight to bankruptcy. while she didn t make any major announcements about her own 2012 prospects, she did manage to keep people
let s look at a few presidents who have had their vacations interrupted. here s that memorable photo of president george w. bush flying over new orleans, looking at the aftermath of katrina. didn t help, bush was forced to go back to washington in august of 2005. herself president clinton on vacation in martha s vineyard in 94. here s a photo of former president george herbert walker bush fishing up in maine, former president actually cancelled a trip in 92 to monitor a standoff over nuclear inspections in iraq, so this has been going on and on. i remember clinton one summer because of one of his advisors said go west, young man, don t go to martha s vineyard. he went to the teetons. that helped him. it helped him, but he never went back after he was reelected. i m going out there with my daughter at the snake river. we re going to do time on the river for graduation present.