Katrina Coverage

The chancellor of the University of New Orleans, economist Tim Ryan, says he would not be surprised if New Orleans area business failures caused by Hurricane Katrina run much higher than the national average for disaster-related failures of 25 percent.

There were 115,000 businesses in NO in 2002, most small companies or one-man operations. If he's right, 60,000 of those will not come back. However, he thinks that new companies will be created to deal with the crisis.

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