Sandy Hurricane or called frankenstorm makes severe disaster in the halloween month. This is the worst disaster that ever hit America at halloween day. This disaster made a lot of losses for America and leaving damage. Estimated, property and economic losses caused by this disaster reached billions of dollars.
Reported by the Telegraph, Tuesday, October 30, 2012, economists estimate property losses in several states hit by Sandy reached U.S. $ 15 billion. This figure does not include losses due to business stopped because employees can not go to work.
"What I worry about is the disruption to the business sector," said Mark Vitner, economist at Wells Fargo financial services company. Vitner estimates the economic losses from the storm has reached more than U.S. $ 7 billion.
"What I worry about is the disruption to the business sector," said Mark Vitner, economist at Wells Fargo financial services company. Vitner estimates the economic losses from the storm has reached more than U.S. $ 7 billion.
Sandy Hurricane also damaged oil refineries in the U.S. east coast and make Wall Street paralyzed. New York Stock Exchange and Nasdaq closed during the storm that hit the city. This is the first time the weather halted stock trading since 1996, when 20 inches of snow blanketed New York.
A total of 10 states declared disaster emergency status. As a result, income stagnant economy. chief economist at Moody's Analytics, said that gross domestic product in New York and Washington reached U.S. $ 2.5 trillion. So, if one day paralyzed the economy, would be detrimental to the city of $ 10 billion.
Peter Morici of the University of Maryland also estimated, Sandy Hurricane would hurt America between U.S. $ 35 billion to U.S. $ 45 billion. The U.S. will spend more, about U.S. $ 36 billion in the current post-disaster recovery efforts.
So far, the U.S. perceived catastrophic losses when Hurricane Katrina struck in August 2005, that is more than U.S. $ 100 billion. Hurricane Katrina, which killed 1833 people are the worst in 77 years.
This is a video of the Sandy hurricane from fox news
Source image from Reuters/Lucas Jackson
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