Tagged: Hurricane Katrina

There's an underground bunker at a radio station in Charlotte, N.C., where time has stopped. Built decades ago to provide safety and vital communications in the event of a nuclear attack, it's now a perfectly preserved relic of Cold War fear that's gained new relevance.

The secret bunker is part of the office lore that old-timers at WBT Radio whisper to the newbies. That's how radio host Mike Collins learned of it back in the 1980s.

There's a quick, one-word explanation for why the federal government started selling flood insurance: Betsy.

Hurricane Betsy, which struck the Gulf Coast in 1965, became known as billion-dollar Betsy. Homes were ruined. Water up to the roofs. People paddling around streets in boats. Massive damage.

This would be the time when you'd expect people to be pulling out their flood insurance policies. But flood insurance was hard to come by. You could get fire insurance, theft insurance, car insurance, life insurance. Not flood.

Former New Orleans mayor Ray Nagin has been indicted on 21 counts of bribery and other corruption charges by a federal grand jury. When he became the city's mayor in 2002, Nagin, a former cable TV executive, promised to revive New Orleans' economy, and its trust in the city's government.