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Newspaper
Aiken Standard
Location
Aiken, South Carolina, United States of America
Date
Aug 29, 2011
Page
7
The storm leaves powering lines down across Connecticut Delaware Maine Maryland New Jersey New York and Pennsylvania. Over 830000 homes and businesses lose power with tornadoes and floods reported from Lewes to Long Island. Major transit disruptions occur in Boston and beyond.
President Obama in the Rose Garden warned Irene’s effects would be felt for weeks or longer as it weakened but continued to bring wind, rain, and flooding along the East Coast. He urged following local officials and noted ongoing federal support with Janet Napolitano and Craig Fugate beside him.
Damage estimates put insured losses between 2 and 3 billion and total losses near 7 billion, well below initial fears. Economists note potential growth boost from recovery while highlighting ongoing costs from business disruption, housing, and tourism losses, with insurers predicting lower than Isabel's payouts.
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