New York, East Coast Hunker Down as Sandy Barrels In

Posted by Forexsq 701 days ago (http://www.bloomberg.com)
img Forexsq - Hurricane Sandy, on track to disrupt the lives of as many as 60 million people, shut schools and governments from Virginia to Massachusetts today, halted travel, prevented U.S. stock markets from opening and upended the presidential campaign.

“The time for preparing and talking is about over,” said Craig Fugate, administrator of the Federal Emergency Management Agency. Sandy “is going to produce very high, potentially life- threatening, storm surge.”

The hurricane is predicted to make landfall late today in southern New Jersey, then turn inland, according to an advisory from the National Hurricane Center in Miami. Sandy is expected to converge with two other systems, creating a phenomenon the National Weather Service has dubbed Frankenstorm.

Sandy packed maximum sustained winds of 85 miles (140 kilometers) per hour, up from 75 mph earlier, the center said at 5 a.m. New York time. The storm’s eye was about 285 miles east of Cape Hatteras, North Carolina, and about 385 miles south- southeast of New York, moving north at 15 mph. It is not expected to weaken before landfall, the center said.

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