The good news is that all three Gustav successors look like they won't develop into full-on hurricanes. Keep your fingers crossed.
By the way, one group of folks that is likely watching these storms with great interest? Investors in cat bonds, featured in FP's current issue. Cat bonds, short for catastrophe bonds, allow insurance companies to transfer the financial risks that come with disasters such as hurricanes and earthquakes to the broader capital markets. If any of these storms cause major damage, investors in such bonds could be wiped out.
(Hat tip: Google Earth Blog)
Passport, FP’s flagship blog, brings you news and hidden angles on the biggest stories of the day, as well as insights and under-the-radar gems from around the world.