January 28, 2013 |
WASHINGTON -- Congress sent a a $50.5-billion relief bill to President Obama on Monday help the Northeast recover from Superstorm Sandy, ending a political furor over delays in the disaster aid. The measure cleared the Senate, 62-36. Its approval, after the president earlier this month signed a $9.7-billion flood insurance bill to help pay Sandy damage claims, would bring the relief package to more than $60 billion. "It was three months ago that Superstorm Sandy tore up the East Coast," Sen. Charles E. Schumer (D-N.Y.)
January 26, 2013 |
The U.S. share of insurance losses from worldwide catastrophes more than doubled in 2012 as Superstorm Sandy lashed the Northeast and the nation suffered its worst drought since the 1930s. The U.S. accounted for about 90%, or $65 billion, of $72 billion in global losses, according to the Impact Forecasting unit of Aon, the London insurance broker. That compares with 40% in 2011, when Japan had higher-than-usual costs because of an earthquake and tsunami. The location and climate of the U.S. make the country more vulnerable than most developed nations to hurricanes, tornadoes, wildfires and drought.
January 22, 2013 |
On a busy day for earnings reports, several major companies released results before the start of the trading day. Some were hit hard by Superstorm Sandy that struck the East Coast in the fourth quarter. On the plus side, at least in comparison to analysts' forecasts, was chemical maker DuPont Co., whose profit for the last three months of the year was $111 million, or 12 cents a share, down from $373 million, or 40 cents a share, a year earlier. Analysts on average had forecast only 7 cents a share for the latest period.
January 15, 2013 |
WASHINGTON--Seventy-eight days after Superstorm Sandy battered the Northeast, the House on Tuesday approved $50.5 billion in disaster relief in a vote that exposed divisions within Republican ranks and foreshadowed the spending fights that lie ahead. The measure, passed 241 to 180, could be approved by the Senate as early as next week. Approval came after House Speaker John A. Boehner drew a tongue-lashing from New Jersey Gov. Chris Christie, a fellow Republican, for delaying a vote on the emergency aid about two weeks ago, during the lame-duck session of Congress.
January 8, 2013 |
Music Rising is expanding its reach again to provide instruments and other aid to musicians in the Northeast whose livelihoods have been disrupted by Superstorm Sandy , much like the organization did for those affected by Hurricane Katrina in the Gulf Coast region in 2005 and for those affected by flooding in and around Nashville in 2010. The organization has announced it will broaden its mission to encompass all of the U.S., starting with a $250,000 donation to help rebuild school music programs in the tri-state area hardest hit by Sandy.
January 3, 2013 |
WASHINGTON - With the “fiscal cliff” averted despite the failure to solve key budget issues, the 112th Congress will close out its widely criticized term and the 113th Congress will be sworn in Thursday. The outgoing Congress was panned by pundits and ordinary citizens alike, with approval ratings as low as 12%, and it earned the title of “least productive” with just 237 bills passed into law (compared with 385 and 456 in the preceding two Congresses). But 95% of members who made it to the ballot retained their seats.
January 2, 2013 |
WASHINGTON - Northeast lawmakers, including a Republican, blasted the House GOP leadership Wednesday for delaying action on a multibillion-dollar Superstorm Sandy measure they say is critical to the recovery of their states. President Obama called on the House to take an immediate vote on the aid, saying in a statement that "our citizens are still trying to put their lives back together. Our states are still trying to rebuild vital infrastructure. " The House GOP leadership offered no explanation for putting off a vote on the recovery bill.
January 2, 2013 |
WASHINGTON - House Speaker John A. Boehner on Wednesday set a Jan. 15 vote on a Superstorm Sandy relief bill after enraged Northeast politicians - including Gov. Chris Christie of New Jersey, a fellow Republican - blasted the speaker for skipping action on disaster aid in the final hours of the current Congress. Boehner scheduled the vote after a parade of officials from storm-ravaged New York, New Jersey and Connecticut criticized the Ohio Republican for refusing to allow a vote on a $60-billion aid package before the end of this congressional session.
December 20, 2012 |
Designer Rebecca Minkoff gathered a cast of fashionistas for her annual holiday video card, posted on YouTube. Minkoff, Leandra Medine (aka the Man Repeller), blogger Bryan Boy, actress Odette Annable, model Michelle Ouellet, Teen Vogue associate editor Andrew Bevan and DJ Cassidy dance and lip-sync to Mariah Carey's "All I want for Christmas. " Enjoy! [The Cut] The Council of Fashion Designers of America and Vogue organized an auction and raised $1.7 million for Superstorm Sandy relief.
December 19, 2012 |
WASHINGTON -- New housing starts fell 3% in November from the previous month as Superstorm Sandy kept builders from breaking ground in the Northeast, the Commerce Department reported Wednesday. But the number of building permits issued, a sign of future activity, rose 3.6% last month compared with October. It was the highest level in more than four years and an indication that the housing market is continuing its strong rebound despite Sandy's effects. Compared with a year earlier, housing starts and building permits were up sharply.