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Episode #28

The Economic Impact of Hurricane Sandy

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Friday, November 02, 2012

Four days after Hurricane Sandy turned the New York metropolitan area on its head, estimates for the economic damage are coming in as high as $50 billion — making it one of the costliest storms on record.

New York City — especially Lower Manhattan — was hit hard and is still experiencing power outages, transit disruptions and polluted, standing water that will take days or weeks to resolve.

This week on WNYC's Money Talking, contributors Joe Nocera of The New York Times and Rana Foroohar of Time magazine weigh in on whether the superstorm has some people rethinking if New York City should remain the nation's financial center.

These days, much the trading on the New York Stock Exchange is done electronically in New Jersey, so would anyone even notice if the trading floor moved to the Garden State?

Plus, what the megastorm means for next week's presidential election.

Hosted by:

Charlie Herman

Contributors:

Rana Foroohar and Joe Nocera

Comments [2]

bill loaney from NYC

I love Mitt Romney

Nov. 02 2012 02:10 PM
Cathy from Brookyn Heights

I know it's hard right now to think of the big picture, but I've been listening to news for a week and not one expert has even mentioned the term "fossil fuels." Cuomo and others have acknowledged the climate is changing and we need to prepare for more extreme weather, but they always end by saying "we don't know why it's happening." We do know. Science has been sounding the alarm for ten years. Our energy use is warming the climate. Like I say, obviously it's hard to dwell on this in the middle of a crisis, but to me it is more heartless and irresponsible to look at all this suffering and pretend we don't know the cause.

Nov. 02 2012 10:43 AM

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