In lower Manhattan, the New York Stock Exchange was closed yesterday. It's closed again today; slated to reopen tomorrow. More on that, coming up. But Wall Street is not the only industry in lower Manhattan facing trouble from the hurricane. Zoe Chace, of NPR's Planet Money team, has been getting a look around.
Hurricane Sandy made landfall in southern New Jersey and left a path of destruction all the way up the state. Just across the river from New York in Bergen County, water flowed over the top of a levee along the Hackensack River, and then it poured into the town of Moonachie.
As the presidential campaign has unfolded, the candidates have traded polemics about wealth, class warfare, taxes, dependency and the role of government.
And while it may be uncomfortable to admit, some Americans are simply more financially successful than others. But why do some achieve wealth, while others struggle? Why does one woman make it to the executive suite, while another man drives a taxi? And what do we think explains our prosperity — or lack thereof?
As this long election comes to end, Superstorm Sandy is offering a chance for President Obama to showcase his leadership skills one last time.
For Obama, this campaign has truly been a fight against the elements: a painfully slow economic recovery and a political landscape in which the Republicans swept the table just two years ago. The Obama campaign, with its trademark discipline and meticulous organization, set out to overcome these obstacles.
But the long campaign has also put the spotlight on features of Obama's own personality and performance.
Originally published on Wed October 31, 2012 5:36 am
Fanboys and -girls, get ready to celebrate – or be disappointed: Disney announced Tuesday that it was buying Lucasfilm Ltd. for $4 billion, and continue the Star Wars franchise with the first of new series of films in 2015.
Originally published on Wed October 31, 2012 9:32 am
When Superstorm Sandy slammed into the East Coast on Monday, the fragile U.S. economy was just sitting there, stuck in a sluggish-growth mode.
Now, as the massive cleanup begins, business owners, workers and investors are wondering what impact the megastorm ultimately will have on their wallets. Did Sandy weigh down economic activity enough to drown the recovery? Or will the rebuilding efforts boost growth over the longer term?
Originally published on Tue October 30, 2012 3:09 pm
The storm that has spawned so many worst-ever superlatives managed a few more when it comes to electricity, with record-breaking power outages across 18 states stretching from Michigan and Indiana to Maine and North Carolina, according to a Department of Energy assessment.