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.
Chances are you've received an email with a subject line like this "The hottest method to please your beloved one" or this "Want to get good health for low prices?" Emails offering "low cost med pills!"
You've probably wondered — who is sending these emails? Does anyone actually click on these links? What happens when they do?
On today's show: Three short stories about the stuff we buy — books, toys and clothes.
1. Are E-Books Actually Destroying Traditional Publishing? Conventional wisdom says e-books are destroying the traditional publishing business model. People pay less for e-books and that drives down price. When you talk to publishers though, you realize the story's not that simple.
On average, YouTube streams 4 billion hours of video per month. That's a lot of video, but it's only a fraction of the larger online-streaming ecosystem. For video-streaming services, making sure clips always load properly is extremely challenging, and a new study reveals that it's important to video providers, too.
Maybe this has happened to you: You're showing a friend some hilarious video that you found online. And right before you get to the punch line, a little loading dial pops up in the middle of the screen.
Jim McCormick and Reid Wick join Peter Ricchuiti on Out to Lunch to discuss the changing face of the music business. McCormick, a New Orleans songwriter and music professor, had two chart-topping, number-one hit songs in 2012. Wick, a guitar player for the Bucktown All Stars, also moonlights as an executive with the Grammy organization's The Recording Academy.