In the United States, bid rigging is a felony criminal offense under Section 1 of the Sherman Act. Even so, bid rigging is still rampant in the construction industry, auto sale auctions, and foreclosed home auctions.In Canada, it is an indictable criminal offence under Section 47 of the Competition Act.id rigging almost always results in economic harm to the agency which is seeking the bids, and to the public, who ultimately bear the costs as taxpayers or consumers. Contents.
Coastal flooding caused by Hurricane Sandy ravaged the Jersey Shore in October 2012. The severity of a coastal flood is determined by several factors, including the strength, size, speed, and direction of the storm.
Hurricanes carry a lot of rains with it and even after the hurricane has subsided, it may continue to rain. This causes a lot of floods and brings about other types of destructive results. Houses, cars, farms, and many other structures are blown away by the powerful winds that come with hurricanes. Impact on the economic Anytime there is a disaster caused by a natural phenomenon like hurricanes, floods and fires, there is extensive damage to property.