( Log Out /  1992 Los Angeles Riots: $446 Million in property damage, 1,120 buildings damaged, (377 completely destroyed) 52 deaths, 2,500 injuries, and 6,559 arrests. IMHO!!! Please log in using one of these methods to post your comment: You are commenting using your WordPress.com account. The True Cost of Riots. The property destruction from the riots that followed Minneapolis police’s killing of George Floyd was the worst in the history of insurance, with claims costing insurers up to $2 billion, according to an industry group’s report. September 17, 2020 The High Cost Of Riots The bill for this year’s urban violence is coming due. If the other police officers standing by had shot the perpetrator that shot the officers the public outcry would have been that the officers were in the wrong. This video shows some of the names and faces that were struck down, not with a virus but by hateful rioters whose purpose was simply to steal, kill and destroy…for money. By LifeZette Video Staff September 28, 2020. This year’s riots also represent the first civil disorder catastrophe to unfold across multiple cities. In fact, one could argue that it really wasn’t a rebellion at all. Harsanyi: The Cost of Riots. America's news media are suffering mass amnesia, stuffing down a memory hole the extent of destruction from the ongoing Black Lives Matter/Antifa race riots. Therefore, adults in the room must speak the truth -- riots never redound to their benefit and neither does it make sense to enable unrealistic demands of the BLM movement and its naïve supporters. Eroding these gains is a possibility if rational adults refrain from correcting misguided activists. The Floyd riots were the first time since 1992 that a so-called “civil disorder event” has been classified as a “catastrophe” - a real insurance category, representing anything causing over $25 million in insured losses - according to Property Claim Services, which tracks such claims. This particular video documents that a significant amount of the damage was done by whites in the name of black people saying, “We’re doing this for you.” In fact, the white taggers (spray painters) were writing the BLM sign on property while the blacks were imploring them not to do it because the blame would be pointed against blacks. Change ), You are commenting using your Twitter account. Last Updated Sep 19th, 2020 at 3:06 am. Eminent economists Robert Margo and William Collins in their, Another negative effect of riots is that they move public opinion to favor oppressive social control measures as a crime-fighting strategy thereby establishing Republican hardliners as attractive candidates. With those totals expected to increase, the Insurance Information Institute anticipates that the widespread rioting of 2020 will end up being the costliest in American history. Press Esc to cancel. Princeton University has also discovered that pandering to the BLM movement could become very costly in a way they never expected. The economic costs of riots and COVID-19 lockdowns. As the leader of the Civil Rights movement with millions of black Americans waiting to be directed regarding their next move, it is clear in hindsight that not only did Dr. King believe in the effectiveness of non-violence, but that he also realized that he was personally responsible for each decision that he made, every word that he spoke that effected the health and welfare of those whom he led. Heard on All Things Considered. Heard on: ... At least not to previous levels. King makes a point to denounce the misuse of the quote that her father made regarding “a riot is the language of the unheard.” She said he was simply explaining where the riots are coming from. While the politics surrounding the killing of George Floyd are beyond the scope of this article, rioting is hugely expensive from a fiscal standpoint. The True Cost of Riots. Rioting in Los Angeles in August 1965 — the second costliest civil disorder — caused $357 million in damages, measured in 2020 dollars. The cost of the 2020 Black Lives Matter riots are by far the highest in US history in terms of insurance industry payouts which could exceed $2 billion. When low skilled citizens are robbed of these options, it becomes harder for them to establish themselves in a dynamic environment. Portland’s protest-related police expenditures – totaling more than $6.2 million, according to Portland Police Chief Chuck Lovell – brought the cost of protests up to over $30 million. 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. ... George Floyd riots cost insurance companies as much as $2 BILLION - more than any in HISTORY, industry claims 16 Sep, 2020 22:11 . Current agitators also seem oblivious to the impact of riots on black property owners. Some who were displaced by the initial unrest in sought refuge in a vacant Sheraton hotel in the city's Midtown neighborhood. There are some who are using his quote to justify their use of violence which is not what he stood for. It’s important to understand that there is a big difference between peaceful protesters that are trying to make their voices heard and rioters who only want to steal, kill and destroy. In addition to the injured cops, the protests have cost the city approximately $115 million not including police overtime which cost the Big Apple $179 million. Most older blacks over the age of sixty have heard of the Nat Turner Rebellion, an (1861) slave rebellion that ended up with so many slaves being slaughtered and terrorized. After-Action Report, George Floyd Protests and Response, May 30-June 2, 2020. These rioters are coming into town from all across the country. We must never forget the reality of the Democrats' experiment in street justice Even beyond face-value insurance costs, riots leave a lasting shadow on a city that haunts its economy for decades. Please don’t justify the evil that was done to them by saying that people needed to get out their frustration…wrong is wrong. In a recent interview, BLM organizer Ariel Atkins argued that lootings are reparations for African Americans. Inner-city businesses provide blacks with an opportunity to obtain employment and build relevant skills. In fact, if you follow the link you will also see a listing of the North American Slave Revolts in the margin which also shows in a word the results of these revolts which usually ended up poorly for the slaves that revolted. In other words, the cost of rioters in this movement is that it de-legitimizes the message of the protesters. Do they (the white rioters) belong to BLM or ANTIFA maybe both? Local businesses reported a total loss of $23.2 million due to the protests, the Portland Business Alliance (PBA) said according to the report. We all know that the brick and mortar can be ultimately replaced; however, lives and the damage that is done to the human spirit cannot be replaced. Analysis of household-level data suggests that the racial gap in the value of property widened in the riot inflicted cities during the 1970s.” Housing is a contributor to the racial-wealth gap, therefore if properties depreciate due to the risk of riots, how can African Americans make headways in closing the wealth gap? So how much money did all of this rioting cost? September 17, 2020 The High Cost Of Riots The bill for this year’s urban violence is coming due. “We would have been out about $20,000 to $25,000, which is a lot for us,” she added. Unfortunately, the belligerence of people like Atkins has been nurtured by mainstream intellectuals, who originally downplayed the malevolent intentions of dangerous activists. Print. Local residents inspect a post office destroyed during rioting in Minneapolis, Minn., May 31, 2020. Homes in such neighborhoods will not be purchased by progressive people interested in building wealth. 2) Riots are both self-defeating and socially destructive. ( Log Out /  The economic costs of riots and COVID-19 lockdowns. That is why ANTIFA and BLM are involved. A bicuspid costs $879. Please also note that the rioters shot police officers that were not shooting at them. In the video below, Dr. MLK makes his quote but it is clear that he never endorsed riotous violent behavior and doesn’t encourage it. Therefore, as adults, we have no alternative but to remind these youngsters that sparking riots is an ineffective strategy to advance the cause of African Americans. Change ). Dillon Article. The most expensive riots were the 1992 Los Angeles Rodney King riots that resulted in $775 million in insured losses, which when adjusted for 2020 inflation, cost a whopping $1.4 billion, according to III. Don’t believe me? No, this is a crisis that the Left has decided not to let go to waste. In a recent interview, BLM organizer Ariel Atkins argued that lootings are reparations for African Americans. Early estimates from a branch of Verisk Analytics called Property Claims Services put the costs of the riots over the death of George Floyd somewhere between $500 million and $900 million. ... searched in vain for news about the riots’ overall cost. Most likely yes to both organizations, but what seems to be consistent is that the rioters are usually a separate group from those black and white protesters who were peacefully protesting but the rioters come into these cities from out of town and cause massive destruction. George Floyd riots will cost insurance companies $2 BILLION Ariel Zilber For Dailymail.com and Agencies 9/16/2020 No 'mass exodus' in California during the pandemic, study finds This video gives an historical summary of this account but it’s important to note that while this was going on in Elaine, Arkansas there were blacks being killed in other states throughout the nation because it was believed that they were in violent rebellion. Liberal media blurs cost of ongoing Black Lives Matter/Antifa race riots. The message of the rioters are totally different from the protesters. Well, here's a talking point to counter. Rioting in Los Angeles in August 1965 — the second costliest civil disorder — caused $357 million in damages, measured in 2020 dollars. People who made significant sacrifices that took years and cost them their blood sweat and tears to get up and operating were destroyed in a matter of hours. Get short URL. Stay tuned. EVERYWHERE, USA – Many US cities have seen weeks of destruction stemming from protests and civil disorder in the wake of George Floyds death. The Costs of Riots. A correlation between riot damage and the tax-attractive Opportunity Zones that we noted in the riot damage patterns in Kenosha and Minneapolis continues in Portland (see “Subcriber Resources” section at the bottom of the page). Friday, June 12, 2020. Harsanyi: The Cost of Riots. The cost of the 2020 Black Lives Matter riots are by far the highest in US history in terms of insurance industry payouts which could exceed $2 billion. This video gives us at least two major revelations, 1) that the rioters had intentionally started a fire to an occupied residence where there was a child still inside and the perpetrators blocked the routes with their vehicles so that the fire trucks could not get to the dwelling in time to save the child (start video at the 3:15 minute mark), and 2) the city’s administration got word that there was a group of rioters going across the country that were coming to start the riots. Biggest Black Lives Matter Facebook page run by white … She agitates for revolution from the safety of her apartment. He said those riots cost almost $5 billion in economic activity measured in lost sales over 10 years. In the two weeks after the death of George Floyd in Minnesota, rioters and looters across the country racked up between $1 and $2 billion in property damage. The Cost of Riots David Harsanyi / @davidharsanyi / June 05, 2020 / Sen. Amy Klobuchar, D-Minn., speaks Friday with Faisal Demaag outside the wreckage … It’s almost as if it was planned to be that way, the people who could afford it the least were hurt the most by this riot. Report: Summer riots and looting have cost upwards of $1 billion in damages Seattle business owner and co-founder of Buki Joey Rodolfo on the price of rioting. The Portland riots began in May and continue to this day. Dillon 379 Articles A.P. He said those riots cost almost $5 billion in economic activity measured in lost sales over 10 years. KEEPING DR. MLK’S WORDS IN PROPER CONTEXT. Sep 16, 2020 - Economy & Business Exclusive: $1 billion-plus riot damage is most expensive in insurance history Updated September 7, 2020. Unfortunately these rioters look to find their way into the midst of the peaceful protesters to make it look as though it is the protesters causing the damage while hiding themselves amongst. Dr. MLK I’m sure understood the principle behind the dangers of black violence and rebellion. Sitting at home on July 30, 2020, the Deiningers received a text from a good friend around midnight. 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 in Public Safety. We decided to map what data we had as of October 7, 2020. HISTORY: VIOLENT REBELLIONS THAT COST BLACK LIVES. ( Log Out /  One of the goals of this type of destructive action is to mock the legitimate issues of the masses. Early estimates from a branch of Verisk Analytics called Property Claims Services put the costs of the riots over the death of George Floyd somewhere between $500 million and $900 million. Atkins denounced the suggestion that anything can be gained from peaceful protests. Many small businesses that have seen damage and looting over the past months were likely not so fortunate. The next four (short) videos will show us just a sampling of the pain that these rioters have caused when they attacked the people places and things that were of the black community that had nothing to do with the reason why the reasonable people were protesting. Image credit: A.P. February 2020; More... « Archbishop Viganò Pens Power Letter to President Trump | Main | New Data Shows Pritzker's Lockdown Puts Children at Risk » Friday, June 12, 2020. State Highway Patrol spent over $300,000; Raleigh Police over $1.4M. Low-income residents are the major beneficiaries of entrepreneurship in the inner city, so when emotions trump logic and businesses exit these communities, the losers are poor black people. By David Harsanyi - It’s weird that this needs to be said, but here we are. ( Log Out /  ... a memory hole the extent of destruction from the ongoing Black Lives Matter/Antifa race riots. Those of us who understand human nature know that violence is usually counterproductive. Princeton University has also discovered that pandering to the BLM movement could become very costly in a way they never expected. Other big losses on the list include the Watts riots in Los Angeles in 1965, the 1967 Detroit riot … The damage from riots and looting across the U.S. following the death of George Floyd is estimated to be the costliest in insurance history – between $1 billion and $2 billion. How much did summer protests and riots cost North Carolina taxpayers? Why is it important to be mindful of this? Recently, I wrote about research which showed that the economic damage of rioting lingers for a long time. The focus becomes the rioting, looting, maiming, killing and wanton destruction and not on police reform and justice. However, when these rioters who themselves have a crooked political agenda enmesh their evil twisted destructive actions within a legitimate movement then the rioters take the attention away from the protester’s issues and pervert it. Without an official estimate, the 2020 disturbances are ranked second in most expensive losses, according to the III. The True Cost of Riots By Lipton Matthews for American Thinker. The Real Cost of Riots. That is what Chaziel Sunz (formerly of Black Lives Matter) was trying to tell the black people who would consider violence as their alternative. Counties proximate to nonviolent protests saw presidential Democratic vote share among whites increase 1.3-1.6 %. Then again, the pundit who reprehensibly claims that destroying property “is not violence” risks nothing. “Winning has come through revolts, Winning has … By Lipton Matthews. Counties proximate to nonviolent protests saw presidential Democratic vote share among whites increase 1.3-1.6 %. Minneapolis starts to feel the economic cost of the recent riots. Because ANTIFA and BLM want to start a race war and blame it on Trump? Axios reported exclusively Wednesday that PCS estimates that insurance claims of at least $1 billion to $2 billion will make the riots following the killing of Floyd the costliest ever. The riots in late May 2020 also had impact on people experiencing homelessness and led to changes in city policies on homeless camps. Another negative effect of riots is that they move public opinion to favor oppressive social control measures as a crime-fighting strategy thereby establishing Republican hardliners as attractive candidates. Change ), You are commenting using your Facebook account. What? Examining the effects of civil disorder on small businesses in inner cities, sociologists Howard Aldrich and Albert Reiss found that riots not only inflicted serious property damages but in the long term they made it prohibitive to operate in inner cities, hence driving up insurance costs. Ep 389 | The UNTOLD Cost of Riots. DiPasquale and Glaeser, 1996. Dillon is a … Protester-initiated violence, by contrast, helped move news agenda, frames, elite discourse, and public concern toward social control… In 1968, I find that violent protests likely caused a 1.6-7.9% shift among whites towards Republicans and tipped the election.”, this point when she told Fox News that “the more chaos and anarchy and vandalism and violence reigns, the better it is for the very clear choice on who’s best on public safety and order.”, Kelly Anne Conway beautifully illustrates. The Cost of Riots David Harsanyi / @davidharsanyi / June 05, 2020 / Sen. Amy Klobuchar, D-Minn., speaks Friday with Faisal Demaag outside the wreckage of his business, Chicago Furniture Warehouse, in Minneapolis. Such was the impact of the race riots of the 1960s. The overall price of the root canal and filling will vary, based on the materials used. But the costs of this year’s riots will reportedly be dwarfed by natural disasters that have hammered parts of the country. (Lucas Jackson/Reuters) Riots have long-lasting consequences. (Lucas Jackson/Reuters) Riots have long-lasting consequences. In the two weeks after the death of George Floyd in Minnesota, rioters and looters across the country racked up between $1 and $2 billion in property damage. Dillon, North State Journal ... Nationwide, the cost of the estimated cost of riots since May 30 is between $1 and $2 billion. African Americans have experienced substantial progress over the past century. As Princeton’s Omar Wasow notes in a recent study: “Evaluating black-led protests between 1960 and 1972, I find that nonviolent activism, particularly when met with  a state of vigilante repression, drove media coverage, framing, Congressional speech, and public opinion on civil rights. Riots And The Economics of Urban Unrest. Flames rise from a … This is my opinion, please share yours below. Riots never benefit and blacks neither does it make sense to enable unrealistic demands of the BLM movement and its naïve supporters. Their store had appeared on television and the news wasn't good. Costs from weeks of protests take financial toll on cash-strapped cities across US Protests following George Floyd's death could become one of the costliest displays of civil disorder in US history Because blacks are the ones who will likely be a significant loser in the end of a violent conflict. “According to the New York Police Department, from May 28 to July 22, 303 cop cars have been vandalized during the protests. A front tooth costs $762. Images of property destruction and rioting from the Raleigh Police Dept. A striking case against riots is clearly expressed in the findings of Professor Mary C. King  whose research demonstrates “little relationship between regional progress for African Americans and relatively proximate race riots.” Riotous behavior often results in businesses fleeing minority communities, thus depriving residents of employment and income. DON’T LET EVIL WIN…SUPPORT YOUR LOCAL POLICE DEPARTMENT AGAINST THE RIOTERS. Published: September 18, 2020, 8:36 am. September 6, 2020. With the recent riots in the Twin Cities, we can see this grim dynamic playing out in real time. Begin typing your search above and press return to search. “Winning has come through revolts, Winning has come through riots, ‘’ she said. Rioting set off during protests over the cost of living and income inequality caused $2 billion in damages, and 40 percent of that was incurred by large, multinational retailers. Eminent economists Robert Margo and William Collins in their assessment of the effects of the riots following the assassination of Martin Luther King Jr argue that “the riots depressed the median value of black-owned property between 1960 and 1970, with little or no rebound in the 1970s. Stacey Vanek Smith A significant number of businesses and properties that were destroyed belonged to minority owners. Sabri Ben-Achour Jun 1, 2020. Most of the onerous lockdown actions in Europe and the United States had little benefit, but cost jobs Atkins denounced the suggestion that anything can be gained from peaceful protests. Looting costs in America’s 20 largest metropolitan areas exceeded $400 million from the first weekend of ... damage incurred by riots in just Minnesota could total more than $25 ... 2020. September 24, 2020 A.P. Economics George Floyd Insurance Small Business Kenosha Minneapolis Riots 2020. Furthermore, it feeds the fire of the racial divide. "Enough is enough," tweeted the Lieutenants Benevolent Association police union. Because those on the Left wants to cripple the minorities’ economy so much that they are looking to find some way to blame the president hoping to destroy his minority base? New reporting from Axios reveals that the total insured property losses incurred during the George Floyd riots will come in at $1 billion to $2 billion. Change ), You are commenting using your Google account. George Floyd protests; raleigh; riots; About A.P. Why? MOREOVER, TELL YOU GOVERNORS AND MAYORS TO BRING IN THE MILITARY AND LET THEM PUT DOWN THE RIOTERS, MAKE ARRESTS AND PROSECUTE THEM. Sept. 2, 2020 — The CVS Pharmacy on the corner of Fayetteville Street and E. Hargett Street in Raleigh remains boarded up, covered in Black Lives Matter graffiti. Read more. $1 billion-plus riot damage is most expensive in insurance history https://t.co/edlbO0xsfH — Axios (@axios) September 16, 2020 The rioters were a different group from the protesters. Written by John Phelan. Dr. Martin Luther King, Jr.’s daughter Dr. Bernice A. What this means is that African Americans are deprived of the social capital and networks required to succeed in a competitive environment. By Lipton Matthews. Many of these owners aren’t able to replace or rebuild… they have lost everything. The Long Term Costs of Riots. June 23, 2020 7:32 PM ET. Evidently, the effects of riots on African Americans are destructive. In a recent interview, BLM organizer Ariel Atkins argued that lootings are reparations for African Americans. Looting costs in America’s 20 largest metropolitan areas exceeded $400 million from the first weekend of rioting, according to a new report from the Anderson Economic Group. A molar costs $1,111. FAIR Health says the average cost of a filling is $395, or, more specifically: $132 for an amalgam (silver) filling. As Princeton’s, in a recent study: “Evaluating black-led protests between 1960 and 1972, I find that nonviolent activism, particularly when met with  a state of vigilante repression, drove media coverage, framing, Congressional speech, and public opinion on civil rights. In a recent interview, BLM organizer Ariel Atkins argued that lootings are reparations for African Americans. The late Rev. Keep in mind, these are the average costs of the root canal alone. Modified image by FEE, originally from Gage Pierce on Unsplash Brad Polumbo. Exposing: Black Lives Matter Organization, The Life and heart of a city is it’s people. Lovell said that the $6.2 million doesn’t include overtime pay or emergency repairs for equipment or buildings that were damaged during the riots. You thought all of this was about George Floyd? By LifeZette Video Staff September 28, 2020. Protests, riots that gripped America in 2020 Here’s a look at some of the U.S. cities that saw the biggest protests or riots in 2020 Yes, it was wrong for that crooked cop to kill George Floyd and yes, it is important to bring the issue of how police officers in the future need to be accountable for how they manage not only black suspects but any and all suspects of a crime and to do so without malice of forethought. Only now are we beginning to realize the full cost of the destruction. It would be irresponsible for the American people to nurture the desires of activists seeking to destroy the fabric of their republic. BLM activists were involved in 95 percent of the riots for which there is information about the perpetrators’ affiliation.