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Hurricane Irene had long since passed, but a lot of people who were hoping to get on airplanes as airports in the Northeast reopened Monday were not going anywhere anytime soon, reports the New York Times.
Get ready for a bunch of demand-side economists to tell you that the post-Hurricane Irene rebuilding phase is actually a good thing for future economic growth. But don’t believe it. Who has it right?
There is no question that Hurricane Irene will have an impact on quarterly results, Dave Berger, president and CEO of JetBlue Airways, told CNBC Monday.
As the rain has moved past New York City and Long Island and wind gusts have subsided, it seems to me that we can learn some things from the experience that relate to the government's current handling of the economy.
The eye of Irene made its way over the New York City Sunday, rolling directly over the borough of Queens, and though the storm unleashed intense rains and heavy winds on the city, it was downgraded to a tropical storm from a hurricane.
Hurricane Irene was the 'Perfect Storm' for insurers in a different sense of the cliche. The weakened storm that spared New York city from major damage gave the wealthy and rarely hit Northeast enough of a scare because of ominous weather forecasts leading up the storm that property insurers will be able to raise pricing even more next year, according to a Morgan Stanley analyst.
Hurricane Irene will take a very small bite out of a U.S. economy already struggling with debt and unemployment after businesses across the East Coast closed their doors ahead of the deadly storm.
Beaches along the Atlantic coast took a beating over the weekend from Hurricane Irene, which caused heavy damage to some popular seaside tourist towns while sparing others the worst of its powerful wind and waves.
Damage from Irene appears to be less than feared, a bit of reassuring news for a fragile economy.
From North Carolina to Pennsylvania, Hurricane Irene appeared to have fallen short of the doomsday predictions. But with rivers still rising, and roads impassable because of high water and fallen trees, it could be days before the full extent of the damage is known.
Although, initially a Category 1 hurricane and now only a tropical storm, Irene is testing flood-level records in New York City and in much of the Northeast, raising casualty loss estimates to $20 billion. Two days of lost economic activity, over a period of a week, is almost certain, and adds another $20 billion. Longer term, rebuilding and postponed business activity will make up much of the near term impact on the economy.
Hurricane Irene and the closure of at least 1,000 theater locations along the East Coast is expected to put a dent in this weekend's domestic box office.
From emergency preparation to landfall, see how the Northeast is impacted by Hurricane Irene.
With more than 50 million people potentially in Hurricane Irene's path, residents along the US east coast stocked up on food and water and worked to secure homes, vehicles and boats.
Fame is no longer protection from foreclosure, and neither is success. Who are some of the celebrities who have gone through a foreclosure? Find out!
There are vast economic development opportunities in efficiency, renewable energy, and converting waste into valuable assets, says blogger Terry Tamminen.
The cast of "Jersey Shore" aren't the only ones getting into fights this summer: Many unassuming beachgoers are finding unexpected battles on the way to sun and sand, everything from parking restrictions to food bans.
New Jersey Gov. Chris Christie is undergoing tests at a hospital after he had difficulty breathing.
A heat wave that spread from the Midwest to the Northeast tormented millions of people with blasts of 100-degree temperatures and bog-like humidity as blackouts struck neighborhoods and deaths were blamed on the hot weather.
The state of New Jersey is negotiating a credit line for up to $2.25 billion to cover a shortfall in the state budget, according to a report in the Wall Street Journal, citing unnamed sources.