He said those riots cost almost $5 billion in economic activity measured in lost sales over 10 years. Property damage: $500 million in Minneapolis–Saint Paul (May 26–-June 6, 2020) $1–2 billion in insured damages in the United States (May 26–June 8, 2020) The George Floyd protests are an ongoing series of police brutality protests that began in Minneapolis in the United States on May 26, 2020. The civil unrest and protests … In a 2004 paper, economists William J. If you add up the insurance cost in 2020 dollars for all six major American riots during the turbulent 1960s, the total is a little shy of $1.2 billion — which means the terrorists in Antifa and Black Lives Matter caused more mayhem and property damage in a little over a week than this country saw throughout all of the 1960s. Read more at: Breitbart.com and Collapse.news. The Kenosha Police Department on Sunday said that 175 people had been arrested in connection to the unrest in Kenosha. [160] A study conducted by the Armed Conflict Location and Event Data Project found that about 93% of 7,750 protests from May 26 through August 22 remained peaceful and nondestructive. Most importantly, these estimates are all being compared based on 2020 dollars. To the surprise of no one, Axios still uses the term “mostly peaceful” to describe what’s happening. Mobile GR, which is over transportation is … was shot and killed at a pawn shop on 2 June 2020. If Trump wins, riot damage could leave Hurrican Isaias in the dust. 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On May 29, 2020, civil rights leader Andrew Young stated that riots, violence, and looting "hurt the cause instead of helping it". The cost of repairing or replacing historical items damaged in the Jan. 6 Capitol riot "will be considerable," Architect of the Capitol J. Brett Blanton told lawmakers Wednesday. If Biden wins, the Democrats, the media, and their Brownshirts in Antifa and Black Lives Matter will have had their terrorism validated. Riots depressed property values in affected areas. That adds up to $1.42 billion today, which is still lower than the $2 billion Black Lives Matter Riots estimate — which again only covers eight or nine days of rioting that has never really stopped. The other $4.8 million was lost due to looting, vandalism, arson or other damage caused by rioters. In other words, that astronomical number isn’t estimating total damage, just the damage that’s insured. Even worse, economic research suggests that the areas afflicted will suffer from the damage inflicted by rioters for years to come. Skip navigation ... is designed with the same policy assumptions as in the STEPS, but a prolonged pandemic causes lasting damage to economic prospects. A June 2020 Pew Research Center poll found that 67% of adult Americans expressed some support for the Black Lives Matter movement. There’s also this helpful non sequitur: “Yes, but: These losses are small compared with those stemming from natural disasters like hurricanes and the wildfires that are consuming the U.S. West.” [emphasis original]. It does not include items stolen by looters. A later poll conducted in September 2020 showed that support among American adults had dropped to 55%, with notable declines amongst whites and Hispanics, while support remained … City details Portland protest violence, damage, cost of repairs in response to motion to restrict tear gas, crowd control weapons Updated Jul 07, 2020; Posted Jul 07, 2020 17 Costs related to the protests could balloon to more than $500 million on top of $12.7 million for the National Guard deployment. O’Donnell. The amount is for damage to both public and private property. Boston Night Of Violence Damage: Cleanup Begins [Photos] - Boston, MA - The aftermath of Boston's looting and violence left city workers cleaning up graffiti from monuments, buildings and road signs. Obviously, because the left’s domestic terrorism extended well beyond June 8 and is still ongoing, the company acknowledges “this is still happening, so the losses could be significantly more.”. If Trump wins, the marauders will maraud like nothing we have ever before seen, and they will do so with the full support of the establishment media and the Democrats. But the costs of this year’s riots will reportedly be dwarfed by natural disasters that have hammered parts of the country. Highlights If most of the 2020 protests were “peaceful,” they are coming at an extraordinary cost beyond people leaving cities, rising violent crime, and increasing fear of crime. Because they are doing so now with the full support of the establishment media and Democrats. Cost of riot damage reportedly breaks records, more than $1B in paid insurance claims Axios reports riot damage is the most costly in history. The city of Minneapolis has tallied at least $55 million in property damage and looting stemming from the protests demanding justice for Geoge Floyd. — Mayor Ted Wheeler (@tedwheeler) July 14, 2020 In Chicago they estimate that the civil unrest has cost them in the millions, Fox News reports. Sign up with your email address to receive news and updates. Get the world's best independent media newsletter delivered straight to your inbox. The domestic terrorists in Antifa and Black Lives Matter have accomplished one thing: the most costly riots in the history of our country, reports the far-left Axios. Insurance payout of 2020 riots most costly in history, could top $2 billion: Report Broken windows at a kiosk are shown, Monday, June 1, 2020, in Cleveland. (Article by John Nolte republished from Breitbart.com). Damage to city departments is estimated at $1,321,720.61, officials say, including the cost of equipment and employee response to the riot. Another thing to keep in mind is that these estimates are based only on insurance claims, so near the bottom of the piece, we’re told: “U.S. A (conservative) estimate from a company that tracks insurance claims finds that the riots of 2020 were the costliest in US historyhttps://t.co/sRiBqrGsEm. Due to the short timeline that the claims were predicated on, that number is expected to continue to grow as more claims get processed and more vandalism and riots occur. companies have learned the hard way that their insurance doesn’t cover business interruption related to the coronavirus, most policies emphatically do cover riot-related losses.”. 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So even in the face of all this murder, property damage, assaults, looting, and burning, the clown show at Axios proudly marches onward. Together, … If you add up the insurance cost in 2020 dollars for all six major American riots during the turbulent 1960s, the total is a little shy of $1.2 billion — which means the terrorists in Antifa and Black Lives Matter caused more mayhem and property damage in a little over a week than this country saw throughout all of the 1960s. David Dorn, a 77-year-old retired St Louis police officer. An indication that the cost of damages could actually be over $2 billion, is the fact that insurance doesn’t cover all damages, just those covered by the policy in question. It is a tragic truth of the recent riots that the damage was worst in areas which were already relatively economically impoverished. Jun. But Collins and Margo found further evidence for the negative economic effects of riots in a second paper in 2004. Rioting in Los Angeles in August 1965 — the second costliest civil disorder — caused $357 million in damages, measured in 2020 dollars. Today the fire chief said fire losses from the riots in the week after the … Here’s a piece of perspective that shocked even me…. World Energy Outlook 2020 - Analysis and key findings. The George Floyd protests alone cost upwards of $20 million and emotions rose again last week when police were forced to shoot a man. Tagged Under: Just consider the sad news reports detailing how police officers found the remains of a burned body in a Minneapolis pawnshop that was torched during riots as demonstrators cheered. The damage in some cities is substantial. Denny Burk, a Pastor and Professor at Boyce College, tweeted about the riot costs. Get independent news alerts on natural cures, food lab tests, cannabis medicine, science, robotics, drones, privacy and more.
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