Overblown?

There are always people who think that the media make too much of things like hurricanes. It must be a hurricane if Anderson and Geraldo have to get their ankles wet, right?

Irene did not disappoint. She followed the path the forecasters said she would, almost slavishly. She wasn’t quite as strong as feared, but strong enough for billions of dollars in damage, power losses in many states, and 18 deaths. She graciously did not make fools of all those mayors, governors and emergency managers – their orders for evacuations and shutdowns seem pretty sensible after the fact.

Of course, it hasn’t always been that way. Case-in-point: My wife and I were in Miami around this time of year back in 2006. A storm named Ernesto had just left Cuba and was on its way, expected to make a direct hit as a Category 2 hurricane, or so I remember. The city boarded up quickly. Even our hotel took down those overhead fans so flying blades wouldn’t decapitate any guests in a hurricane. The TV stations promised their crews would be there with us for the duration of the storm. They had more graphics on that hurricane than I’d ever seen. They showed Ernesto to us up, down and sideways.

But a few hours before Ernesto arrived, it basically dissipated, as some dry air got into the system. The TV anchors who swore never to leave us sheepishly told us there was really nothing more to report, and said “We now return you to our regular program, Fear Factor.” Ernesto made fools out of a lot of people. Interestingly, the storm reconstituted itself and moved up the coast to do actual damage in North Carolina.

All those warnings Easteners heard this past week left a lot of people prepared to fend for themselves – especially those who are now without power for up to a week. The earthquake was a particularly clever touch from Mother Nature.

But let’s not be too hard on the meteorologists and the TV anchors – they’re supposed to supply us with information, and for the most part, they do their best. As for the mayors, governors and emergency managers, they can only work with the information they’re given; they have to make decisions involving thousands of workers and perhaps millions of dollars well in advance of any event, taking a considerable political risk that it won’t look like they wasted money when the storm is just a memory.

While I don’t wish disaster on anyone, part of me feels we have to thank Irene for sending a message many of us need to hear.

Advice, Please

Now that our big debt-ceiling crisis is pretty much (at this writing) over with, the financial gurus have to start telling us what to do next, because it’s generally agreed that a credit downgrade from Moody’s et al is inevitable – and probably well-deserved. The experts are saying, however, that since we have a new debt ceiling, it will only be a small downgrade, not a really serious one. How does that make you feel?

So I want to hear a killer strategy from somebody. Should you buy a house while the interest rates are low? After all, if we’re downgraded, you may never see these rates again in your lifetime. All you have to do is...qualify. So what else? Buy (or sell) stocks, bonds? Buy (more) gold? Acquire yuan? Resume collecting Beanie Babies? If credit card rates go up to 40 percent, what will the Mafia be charging? Personally, I was thinking of screening some “Dynasty” DVDs to breathe some ‘80s air again. Ladies, get out those tops with the padded shoulders. They may be coming back.

But seriously, folks: we’re in the hole for trillions, and it seems today that it’s pretty close to impossible for us to dig our way out of this one, ever. Except for one thing.

Gabrielle Giffords actually made it to Congress yesterday to cast her vote on the debt ceiling bill. If she can make it back after what happened to her, do you think maybe our economy has a chance?

Now I feel just a little better.