Noel King

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Episode 797: Flood Money

Sep 29, 2017

Selling flood insurance is a risky business. So risky that many private companies won't even touch it. And so the federal government has stepped in. Now, the government has to insure homes that are at a high risk for floods. Hurricanes Harvey and Irma showed us the flaws in this program. The National Flood Insurance Program (NFIP) is $30 billion in debt to the U.S. Treasury. If it were a private company, it would be bankrupt. And instead of preventing risky behavior, the NFIP may be encouraging it.

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Danielle, Este and Alana Haim have been making music together pretty much their whole lives. Four years ago, as the pop-rock group HAIM, the trio released its debut album, Days Are Gone, which launched it into rock stardom.

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In the 20th century, Oneida was a household name: One of America's biggest flatware manufacturers. The company's knives and forks were a symbol of middle-class elegance. The advertising was so prolific, Oneida came to represent the very idea of a well-set table. The company was as American as the rolling hills and open farmland of Sherrill, NY - near Oneida - where the flatware was made.

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Four thousand or so people are struggling with a difficult question right now. They recently found out that they are descendants of slaves who were sold to pay a debt owed by Georgetown University. Georgetown is trying to make amends.

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