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Criminal Law

: Crime & Federalism

Swine Flu to Cost Trillions

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I recently got into SEF, a fund that shorts the stock market. I'm hoping my timing was perfect, as this swine flu might devastate the economy:Below are estimates of economic costs of such a disaster: * The World Bank estimated in 2008 that a flu pandemic could cost $3 trillion and result in a nearly 5 percent drop in world gross domestic product. The World Bank has estimated that more than 70 million people could die worldwide in a severe pandemic. * Australian independent think-tank Lowy Institute for International Policy estimated in 2006 that in the worst-case scenario, a flu pandemic could wipe $4.4 trillion off global economic output. * Two reports in the United States in 2005 estimated that a flu pandemic could cause a serious recession of the U...continue to full post

Full post as published by Crime & Federalism on April 26, 2009 (boomark / email).

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