How to make money from blackouts in America
In the summer of 2003, a simple power outage in a northeast Ohio town set off a chain reaction that would lead to more than $6bn worth of damage to the US economy. As a 350,000-volt power line brushed against a roadside tree, the local power grid collapsed, sending an electrical surge that short-circuited power systems from Detroit to New York and Toronto. Traffic lights failed, subways were evacuated and thousands of people were trapped in lifts in offices and apartments. More than 50 million people ended up in darkness in the biggest blackout in America’s history.
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