Our hearts and prayers go out to those enduring hurricane Sandy throughout the United States. Sandy is considered one of the most horrific storms to hit the U.S. Initial projections estimate Sandy caused $20 billion in economic damage by damaging homes, offices, flooding subways in New York City, and grounding over 12,500 flights. Power outages from Sandy may affect as many as 10 million people along the East Coast for up to 10 days as the storm continues through New England.

1. HOME WELCOME WHAT IS EMPOWER NETWORK? VISION LEADERSHIP SYSTEM Subscribe to RSS
GET MONEY THOMASAMAL.COM CONTACT THOMAS AMAL
Our Hearts Go Out Those Enduring Sandy
by Amal | on October 30, 2012
0
Tweet
Our Hearts Go Out Those Enduring Sandy
Our hearts and prayers go out to those enduring hurricane Sandy throughout the United Go Daddy!
States, please be safe, smart and calm. Sandy is considered one the most horrific storms to hit
converted by Web2PDFConvert.com

2. the U.S. The numbers reported after day 1 are staggering, the total damage cannot be
determined for a while but the projections are massive.
Hurricane Sandy Threatens $20 Billion in
Economic Damage
By Chris Burritt and Brian K. Sullivan - Oct 29, 2012 11:11 PM CT
Hurricane Sandy’s economic toll is poised to exceed $20 billion after the biggest Atlantic storm
slammed into the Eastern U.S., damaging homes and offices and flooding subways in America’s
most populated city.
Posts
Improving The Community With
Entrepreneurs
Benefits of Having a Personal Budget
4:25
Oct. 29 Bloomberg) — Paul Kedrosky talks about whether Hurricane Sandy could take down the
Why Education is Important in Business,
internet. He speaks on Bloomberg Television’s “Market Makers.” (Source: Bloomberg)
Especially In Today’s World
Benefits of Blogging…Fun, Earn Income And
Much More…
Tips In Having A Wealthy Mindset
0:59
Oct. 29 (Bloomberg) — Naomi Gilliam, manager of the storm shelter at the Bald Eagle Recreation
Center in Washington, talks with Bloomberg’s Alex Wayne about the shelter’s preparedness as
Hurricane Sandy descends on the region. (Source: Bloomberg) Get Started Now!
*Email
start now
0:58
Oct. 29 (Bloomberg) — Nicholas Pinardo, a resident of Lafayette Hill, Pennsylvania, who has two
boats at the Lighthouse Pointe Marina in Wildwood, New Jersey, talks with Bloomberg’s Terrence
Dopp about the outlook for Hurricane Sandy’s arrival and the possibility the water will rise higher
than the docks’ pilings. (Source: Bloomberg)
1:04
Oct. 29 (Bloomberg) — New York and New Jersey prepare and respond to Hurricane Sandy, the
Atlantic Ocean’s biggest-ever tropical storm. The storm, 900 miles wide, prompted warnings of
life-threatening surges from Virginia to Massachusetts, emptied the streets of the nation’s largest
cities, paralyzed mass-transit systems and lashed the East Coast with gales, rain and even snow.
It shut the federal government and state administrations, and prevented U.S. stock markets
from opening for two days. (Source: Bloomberg)
converted by Web2PDFConvert.com

3. 2:46
Oct. 29 Bloomberg) — John Hopkins University’s Seth Guikema discusses power loss estimates
ahead of Hurricane Sandy. He speaks on Bloomberg Television’s “Market Makers.” (Source:
Bloomberg)
The East River in Manhattan, New York. Photographer: Michael Heiman/Getty Images
A flight information terminal displays cancelled flights at La Gaurdia Airport in New York on Oct.
29, 2012. Photographer: Scott Eells/Bloomberg
The total would include insured losses of about $7 billion to $8 billion, said Charles Watson,
research and development director at Kinetic Analysis Corp., a hazard-research company in
Silver Spring, Maryland. Much of the remaining tab will be picked up by cities and states to repair
infrastructure, such as New York City’s subways and tunnels, he said.
“I think it is disproportionate going into the public sector side,” Watson said by telephone. The
real extent of the damage won’t be known until the flood recedes and workers can inspect
subway and utility tunnels.
Sandy, spanning 900 miles, slammed into southern New Jersey at about 8 p.m. New York time
and brought a record storm surge of 13.88 feet (4.2 meters) into Manhattan’s Battery Park.
U.S. airlines have grounded about 12,500 flights, stranding travelers, and U.S. stock trading is
closed again today in the first back-to-back shutdown for weather since 1888.
Record tides from the storm combined with hours of pounding wind and rain to flood electrical
substations and shut down New York’s financial district. Consolidated Edison Inc., the city’s utility,
killed power last night to parts of downtown Manhattan, including Wall Street, and Brooklyn, as
the storm surge, boosted by high tide, sent saltwater pouring into its underground power
network.
Katrina Comparison
Before Sandy made landfall, the storm had knocked out power to more than 2.1 million homes
and businesses from North Carolina to New Hampshire, according to utility reports. Power
blackouts may eventually affect as many as 10 million people in the region for as long as 10
days.
Heavy losses to public infrastructure would in some ways mirror the effects of Hurricane Katrina,
which flooded New Orleans in 2005, Watson said. Katrina was the nation’s most costly natural
disaster with an estimated $41.1 billion in insuredproperty losses, according to the Insurance
Information Institute.
“It kind of reminds me of Katrina, the actual wind damage from Katrina and coastal storm
surge damage was easy to pull down,” Watson said. “But once you start getting water going
over your protective measures and getting into your infrastructure the numbers start to go
crazy.”
Earlier, Eqecat Inc., an Oakland, California-based provider of catastrophic risk models, estimated
Sandy would cause as much as $20 billion of economic damage with about $5 billion to $10
converted by Web2PDFConvert.com

4. billion of that in insured losses.
Economic Impact
With Sandy set to continue as a non-tropical storm throughout New England over the next
several days, economists and analysts have varying estimates on the potential damage.
Sandy ultimately may subtract 0.1 to 0.2 percentage points from U.S. gross domestic product
in the fourth quarter as spending drops on services such as restaurant meals, according to Mark
Vitner, a senior economist at Wells Fargo Securities LLC in Charlotte, North Carolina. The
economy, with annualized GDP of $13.6 trillion, expanded at a 2 percent pace in the third
quarter.
“There’s a loss of activity that’s going to be hard to make up,” Vitner said yesterday. “If you’re a
restaurant and you’re closed today, people are not going to eat two lunches tomorrow.”
Major Airports
Floodwaters at New York’s John F. Kennedy International Airport forced it to close late yesterday
until further notice. The region’s other two major airports, Newark Liberty International and
LaGuardia, are also closed.
Sandy grounded 15 percent of U.S. flights from Oct. 27 through late yesterday, according to
data compiled by industry researcher FlightStats.
Boeing Co. (BA), the world’s largest aerospace and defense company, suspended operations at
sites in Virginia, Maryland, New Jersey and Pennsylvania and will determine plans for the
remainder of the week on a day-to-day basis. The shutdown includes Chicago-based Boeing’s
plant near Philadelphia, where about 6,000 employees build H-47 Chinook helicopters and V-22
Ospreys.
Energy Terminals
Phillips 66 (PSX) shut down its refinery in Linden, New Jersey, and Hess Corp. (HES) closed a
facility in Port Reading, New Jersey, the Energy Department said. The Hess facility doesn’t
process crude oil. Other refineries in New Jersey, Pennsylvania and Delaware reduced output,
according to the department.
Exxon Mobil Corp. (XOM), NuStar Energy LP, Phillips 66 and Hess closed energy terminals they
operate in New York, Connecticut, Massachusetts, Rhode Island, New Jersey, Virginia and
Maryland, according to the Energy Department.
There’s still a chance the storm will have little discernible impact on GDP, other forecasters said.
“Generally there’s a disruption effect and a rebuilding effect,” said Mike Englund, chief economist
at Action Economics in Boulder, Colorado. “The disruption effect should last about a week, and
the rebuilding effect the following three or four weeks. On net, the rebuilding effect exceeds the
disruption effect, but only by a small amount. So we might find by the end of the fourth quarter
repair would be a small positive.”
Shopping Season
Sandy may cut into sales of clothing and accessories as the holiday shopping season nears,
according to Oliver Chen, an analyst at Citigroup Inc. in New York. The storm may reduce
November same-store sales by as much as 3 percent as traffic may fall 40 percent in storm-
affected areas in November’s first week, which accounts for about 22 percent of the month’s
sales, Chen said in a note.
Consumers who can’t shop in stores because of storm closings may shift to online spending,
according to Gil Luria, an analyst at Wedbush Securities in Los Angeles. A shift of one percentage
point of revenue to online retailers due to the hurricane would boost fourth-quarter online sales
by roughly that much, Luria said by e-mail.
This entry was posted in Empower Network
Tags: Hurricane Sandy, prayers
converted by Web2PDFConvert.com

5. « Previous Post Next Post »
About The Author: Amal
A former latchkey kid leading to being INDEPENDENT, self-reliant, DEDICATED
follow er in my belief, FATHER of 3 men, HUSBAND, somew hat EDUCATED, filled
w ith HOPE, GRATEFUL for life, HUNGRY for SUCCESS, alw ays w illing to give a
helping hand, community facilitator, school board member, experienced in various
industries, ENTREPRENEUR and a MAN STILL ON THE GRIND.
0 comments
Sign in 2 people listening
+ Follow Post comment as...
Newest | Oldest
Powered by Livefyre
Company: Products: Support:
The Vision, The Corporate Team World class training, from people who Got Issues? Contact us. You can
Badass Compensation walk their talk, real people getting put in a support ticket here, and we’ll
Want to work for us? results in their marketing, now, and answer your questions, live :
Get Money Here. you can click here for proof.
Simply Call: 1-888-262-1934
Copyright © 2010-2012 Empower Network. Income Disclaimer | Terms & Conditions | Refund | Privacy | Contact Us | Support Desk | Member Login Share
If you have any billing questions please contact our billing support team. Monday thru Friday 9am-5pm (EST) at: 1-888-262-1934
converted by Web2PDFConvert.com