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Recovery from Katrina and Rita ushers in a new era of disaster recovery and Prevention. Governments and people are reconsidering their response to disasters and steps you can take to prevent or minimize the worst consequences. The biggest catalyst for this new era is the political fall-out from Katrina.
The slow response to Hurricane Katrina was a black eye for the Bush administration. Michael Brown, former FEMA director, was a national humiliation. Destiny Louisiana Governor Kathleen Blanco and New Orleans mayor, Ray Nagin, are to be seen, but reports have pointed out their failures in prevention and response, and that come into play in elections.
President Bush wants to compensate for the failed response (and restore some political capital) and has earmarked an effort Recovery can be a total of $ 200 million. The initial response to Hurricane Katrina has become a warning to politicians and bureaucrats in the federal state and local governments, and you can be sure it will encourage greater spending on disaster prevention in their private fiefdoms. And the media is watching – California newspapers have been filled with stories warning about the lack of disaster (especially earthquake) preparation in the state.
The Army Corps of Engineers, burned by the lack of follow through its recommendation to raise the levees in New Orleans, is now seeking to redress vulnerable areas across the country. And they are not unique.
New homes have multiplied along vulnerable coastal areas. From Florida to the Outer Banks to the Hamptons and all along the east coast, the coastal property values have soared. Dune Road, a strip of land with expensive homes between the ocean and a bay in Westhampton, New York, was virtually erased by flooding just over a decade. It has now been rebuilt with even more expensive multi-million homes dollar. You can be sure these homeowners will spend what it takes to protect their properties.
And you may need it appears that the Heavy storms are brewing. If meterologists many are correct, may have entered a cycle of increasing frequency and severity of hurricanes.
Combine measures provided for national security, rebuilding the Gulf Coast and the acceleration of the prevention of disasters across the country and has an almost permanent state disaster recovery and prevention.
For some businesses, say that the populations of Hurricane Katrina the opportunity to take part in the Gulf recovery means a lot more business in the short term. For others it may mean more business for the coming years.
Hurricane populations are companies that are needed at this time. For example, the immediate need to help those whose homes have been destroyed and are uninhabited. Think of the companies provide temporary accommodation and survival. Think of Coleman camping products, such as tents, sleeping bags, camp stoves, lanterns. Coleman's property of Jarden (JAH: NYSE).
Manufactured homes have come a long way in the last decade, and be a good temporary solution and a solution for many Standing for others in the Gulf. Cavalier Homes (AMEX: CAV) has been contracted to build and deliver manufactured homes to the Federal Emergency Management Agency to house residents displaced Gulf Coast by Hurricane Katrina. The contract is expected to generate $ 58 million to $ 63 million in revenue for the company.
Some compnnies others in this sector include Champion (NYSE: HBC), which is associated with about 3,000 independent retailers, builders and developers
Fleetwood Enterprises (NYSE: FLE) and drivers Industries Inc. (NYSE: CA).
Oil and gas installations in the Gulf Coast also need emergency repair. The economy Gulf Coast and to some extent the U.S. economy depends on it. A number of drilling rigs were damaged in the storms, which means that a company like ENSCO (NTSE: ESV), which owns drilling rigs in the area, will be in great demand. Oceaneering International (NYSE: OII), which inspects and repairs infrastructure under the water of oil installations, will be busy, like Jacobs Engineering (NYSE: JEC), providing engineering and construction services services to oil and gas companies.
Rebuilding Gulf Coast
The reconstruction includes the big dogs in the construction, like Halliburton (NYSE: HAL), The Shaw Group (SGR) and Caterpillar (NYSE: CAT). However, many smaller companies will also participate, often as subcontractors. The Army Corps of Engineers has increased its order of operation of $ 10 million to $ 20 for Aduddell Roofing, a subsidiary of Zenex International, Inc. (OTCBB: ZENX). National Storm Management (NLST: PK), a company expanding national construction, specializing in the management storm restoration will also make a good deal of restoration work in the Gulf Coast.
To build you need building materials. Initiation retailers like Home Depot and Lowe's are seeing their orders increase, but also companies that provide raw materials such as wood. Take a look at Rayonier (NYSE: RYN) and Plum Timber Creek (NYSE: PCL), two REITs that own and manage the properties of wood.
Some hurricane and rebuilding stocks have already jumped and retreated. But the point to remember is that while the hurricanes resulted in an immediate need to help those in need, but also marked the beginning of a new era, an era when governments and people in the U.S. and around the world know they can do more to recover from disasters and minimize the consequences. So keep an eye on companies that will be the focus of the Disaster Prevention and theme in the coming years.
Leon Altman founded http://www.InvestingIN.com and http://www.SmallcapRecap.com , two websites that offer news and commentary on stocks. Sign up for free newsletters on the sites.
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