Super Storm Sandy

October 31st, 2012 at 3:00 pm by David Farrar

The report at Stuff is sobering reading:

The most devastating storm in decades to hit the most densely populated US region has cut off modern communication and left millions without power, as thousands who fled their waterlogged homes wonder when – if – life will return to normal.

A weakening Sandy, the hurricane turned fearsome super storm, killed at least 50 people, many hit by falling trees, and still wasn’t finished. …

More than 8.2 million households were without power in 17 states as far west as Michigan.

Nearly two million of those were in New York, where large swaths of lower Manhattan lost electricity and entire streets ended up under water – as did seven subway tunnels between Manhattan and Brooklyn at one point, the Metropolitan Transportation Authority said.

The New York Stock Exchange was closed for a second day from , the first time that has happened since a blizzard in 1888.

The city’s subway system, the lifeblood of more than five million residents, was damaged like never before and closed indefinitely, and Consolidated Edison said electricity in and around New York could take a week to restore.

New York with no subway system!

Forecasting firm IHS Global Insight predicted the storm will end up causing about US$20 billion in damages and US$10 billion to US$30 billion in lost business. Another firm, AIR Worldwide, estimated losses up to Us$15 billion – big numbers probably offset by reconstruction and repairs that will contribute to longer-term growth.

Not really – this is a common mistake. Yes reconstruction does contribute to economic growth, but the money spent on it has an opportunity cost – and is money not invested in other areas – which would often contribute more to economic growth.

One of the most dramatic tales came from lower Manhattan, where a failed backup generator forced New York University’s Tisch Hospital to relocate more than 200 patients, including 20 babies from neonatal intensive care.

Dozens of ambulances lined up in the rainy night and the tiny patients were gingerly moved out, some attached to battery-powered respirators as gusts of wind blew their blankets.

So emotional.

What damage could be seen on the coastline was, in some locations, staggering – “unthinkable,” New Jersey Governor Chris Christie said of what unfolded along the Jersey Shore, where houses were swept from their foundations and amusement park rides were washed into the ocean. “Beyond anything I thought I would ever see.”

The power of nature.

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10 Responses to “Super Storm Sandy”

  1. Scott Chris (5,678 comments) says:

    Yes reconstruction does contribute to economic growth, but the money spent on it has an opportunity cost

    Not if you print it.

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  2. DJP6-25 (1,231 comments) says:

    Please my sympathy to the victims.

    cheers

    David Prosser

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  3. alwyn (359 comments) says:

    I hope all the public transport loving members of the Green Party will take note of the fact that the first thing to become unavailable were ALL forms of public transport. If you were relying on public transport you were stuffed.
    I particularly hope that Wellington’s mayor, who is particularly keen on having underground rail, will note that the subways were all closed because of fears of flooding. Wellington’s CDB is at least as close to sealevel as is downtown Manhattan.

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  4. edhunter (434 comments) says:

    FIrst of sympathy to the victims families, I dont have sympathy for the dead and I have absolutely none at all for all the news agencies, you could almost see the tears in their eyes when Sandy was downgraded from a hurricane to a storm, oh the glee & excitement in their voices when they were so eagerly comtemplating a ‘Perfect Storm’ or ‘Frankenstorm’ , personally I was sick to death of the coverage before the damn thing had even hit.

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  5. Rufus (606 comments) says:

    Mother nature is Occupy-ing Wall Street.

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  6. RandySavage (195 comments) says:

    no mention of Haiti?
    54 people died there, 200000 homeless.

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  7. gump (1,228 comments) says:

    What are the implications for Nobama and Mittens?

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  8. Falafulu Fisi (2,176 comments) says:

    Is there anything good about #Sandy?

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  9. Luc Hansen (4,573 comments) says:

    The power of nature.

    Especially with a helping hand from humans, chum.

    Just think, we all had a hand in this destruction. It’s lucky the Yanks haven’t twigged yet, otherwise they would probably bomb us!

    Not really – this is a common mistake. Yes reconstruction does contribute to economic growth, but the money spent on it has an opportunity cost – and is money not invested in other areas – which would often contribute more to economic growth.

    Mention this to Double Dipton next time you bump into him, David. The monotonous regularity with which “…when the CHCH rebuild kicks in…(will save my butt)!” is as grating as it is economic ignorance.

    Scott, that’s a good point. If it’s going to happen, now is a good time with interest rates actually negative for the US government – not bad for a country DPF reckoned was on the verge of collapse! – and a large output gap negating inflationary pressures, the US will be able to recover quickly and perhaps the lesson re climate change will not be lost on them.

    One can but hope.

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  10. hinamanu (2,352 comments) says:

    HAARP + chem trails

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