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Forget FEMA, rely on Wal-Mart & Home Depot in a disaster

Steven Horwitz, a professor of economics at St. Lawrence University, published a study that shows why local businesses are more effective in assisting in an emergency than the federal government. The study says Wal-Mart, Home Depot and Lowe’s made use of their local knowledge about supply chains, infrastructure, decision makers and other resources to provide…