Disarray and power losses sweep the Sandy devastation
The storm drove a vast blackout across 17 states, leaving 8.2 million homes without power and crippling New York City transit. New York Stock Exchange closed for a second day as waterlogged streets and submerged tunnels halted daily life. Federal disaster response faces new political pitfalls amid a tight presidential race.
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Storm costs may reach 50 billion this week
Economists estimate Superstorm Sandy will cause about 20 billion in property damages and 10 to 30 billion more in lost business. They say the hit to GDP in Q4 could be around 0.6 percentage points, with recovery and reconstruction boosting growth later. The flood disrupted power for over 8 million homes and 70 percent of East Coast refineries.
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IHS Global Insight
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US home prices rise in August across most cities
Prices rose 2.0 percent from August last year in the S P S Case Shiller index, marking a third straight gain. Seventeen of twenty cities posted monthly rises, with Las Vegas and Phoenix showing notable year over year increases as market recovery continues.
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Nebraska Regulators Release Keystone XL Route Report
Notable Nebraska environmental regulators released a preliminary 600 page report on TransCanada's proposed Keystone XL pipeline across the state. The report says the new route avoids the Sandhills and addresses Nebraskans concerns but does not recommend approval or denial.
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Nebraska
TransCanada
Gulf Coast
Sandhills
Markets struggle as storm halts trading again
Tuesday’s U.S. stock trading was closed due to superstorm Sandy and bonds were halted as well. Grain futures show Chicago corn at 475, soybeans at 6.50, and wheat at -1 cent. oil trades around 85.68, silver at 710, platinum at 19.70 with corresponding values.
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U.S
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By Christopher S. Rugaber
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Charles Branson
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Inday
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LawrenceGiveBack.com
Lawrencegiveback
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Douglas
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