Headlines from around the world: 11/5/12
Hurricane Sandy devastated the Atlantic coast last week, wreaking havoc across much of New Jersey, New York, Connecticut, Delaware, Washington D.C., Maryland, and northern Virginia. In Manhattan, the maximum storm surge was reported to have hit a record of 13.88 feet, besting the previous record of 10 feet. The total losses caused by the storm are estimated at roughly $50 billion and economists are cautioning that this could result in a one-half percent drop in the nation’s growth this quarter.