
Who'll rebuild Houston? With an immigration crackdown underway, it's a pretty big question.
First off, I wish to extend my sympathy to the residents of the great American city of Houston. While the United States' fourth-largest city is mostly imagined to be an oil town, the truth is that it's been busy diversifying away from energy. Hence, even if oil prices are depressed, the city hasn't just muddled through in wait for another oil boom. Instead, it's broadened its economic based to become less reliant on oil and gas.
When Hurricane Harvey runs its course--as it eventually will--the city will be in some need of rebuilding....