Some Observations in the Aftermath of Hurricane Sandy

Hurricane Sandy caused unprecedented damage to New York, New Jersey and Connecticut areas. Power outages, loss of property, transportation disruptions, and trauma affected the financial community here more severely than any time since 9/11. Many local residents were without power for more than a week. Folks with gas cans in hand stood in lines that often numbered more than 100 at filling stations hoping to procure part of limited supplies of fuel to power home generators. Transportation challenges kept many away from their jobs in the financial districts of New York, Jersey City, and Stamford, CT. Most prominent were the…

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