'Sandy' to cost New York state economy up to $18 billion

By REUTERS
November 2, 2012 21:47

 
X

Dear Reader,
As you can imagine, more people are reading The Jerusalem Post than ever before. Nevertheless, traditional business models are no longer sustainable and high-quality publications, like ours, are being forced to look for new ways to keep going. Unlike many other news organizations, we have not put up a paywall. We want to keep our journalism open and accessible and be able to keep providing you with news and analyses from the frontlines of Israel, the Middle East and the Jewish World.

As one of our loyal readers, we ask you to be our partner.

For $5 a month you will receive access to the following:

  • A user uxperience almost completely free of ads
  • Access to our Premium Section and our monthly magazine to learn Hebrew, Ivrit
  • Content from the award-winning Jerusalem Repor
  • A brand new ePaper featuring the daily newspaper as it appears in print in Israel

Help us grow and continue telling Israel’s story to the world.

Thank you,

Ronit Hasin-Hochman, CEO, Jerusalem Post Group
Yaakov Katz, Editor-in-Chief

UPGRADE YOUR JPOST EXPERIENCE FOR 5$ PER MONTH Show me later Don't show it again

Temporary losses to New York state's economy from super storm Sandy could reach $18 billion, State Comptroller Thomas DiNapoli said on Friday.

Disruptions to daily business - from Wall Street in New York City to Main Street shops on Long Island and upstate - could cause between $15 billion and $18 billion in lost economic activity, according to DiNapoli's preliminary estimates.

Not all the damage to the state's economy is expected to be permanent, however, as rebuilding efforts should provide a boost with the sale of materials and increased employment, a DiNapoli spokeswoman said.

Sandy made landfall in neighboring New Jersey on Monday as it barreled across the Eastern part of the continent. It crippled power and transportation systems on the East Coast, and killed at least 102 people in the United States and Canada and at least 69 people in the Caribbean.

Related Content

Breaking news
July 22, 2018
U.S. launches campaign to erode support for Iran's leaders

By REUTERS