Posts tagged 'Superstorm Sandy'

Goldman Sachs on natural disasters, climate change and Justin Bieber (really)

Kate is FT AV’s Asia Correspondent. She joined FT Alphaville in mid-2011 after carrying out various roles in the FT’s London office since 2005: interactive editor, companies reporter, and founding editor of the FT’s Energy Source blog.

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| Dec 12 2012 11:42 | Comment |

This is the most awesome chart we’ve seen since Lisa’s Starbucks tax graphic: Goldman Sachs comparing the attention given to climate change, the eurozone crisis, and Justin Bieber. Read more

A vault floods on Wall Street…

Lisa joined FT Alphaville in September 2011 after a tour of duty through the guts of the financial industry, having worked as an analyst at a bank and for a financial data company.

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| Nov 15 2012 10:59 | Comment |

Who doesn’t like a good conspiracy theory? Or, umm, even a really bad one?

This narrative about DTCC’s experience of hurricane Sandy posted by “enerchi”. We think the original is from Bix Weir — it’s appearing in quite a few places around the interwebs. Read more

Moody’s Analytics: $50bn in economic loss from Sandy

| Nov 01 2012 18:19 | Comment |

This guest post was submitted by Jason Abbruzzese of FT.com.

Moody’s Analytics is the latest to estimate the total economic costs from Sandy, arriving at a higher projected loss than most of the forecasts we’ve seen. Read more

Sandy round-up

Cardiff writes mostly about US macroeconomic issues, with daily excursions into other topics about which he claim no expertise. Before Alphaville, Cardiff spent a little more than two years as a reporter at Dow Jones Financial News covering investment banking, asset management, and private equity. Along the way he has written freelance pieces on a variety of other topics from behavioural psychology to Muay Thai, the latter also being a personal interest that involves frequently getting kicked in the shins (and torso, and head).

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| Oct 31 2012 18:40 | Comment |

Just passing along a selection the more informative and interesting items we’ve come across today related to Hurricane Sandy, its economic impact and what it means for New York City:

– Three points from Goldman economists: Read more

Chasing storm damage estimates

Kate is FT AV’s Asia Correspondent. She joined FT Alphaville in mid-2011 after carrying out various roles in the FT’s London office since 2005: interactive editor, companies reporter, and founding editor of the FT’s Energy Source blog.

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| Oct 31 2012 08:51 | Comment |

The estimates of $10bn to $20bn for damage caused by hurricane Sandy fall well short of the costs incurred by hurricane Katrina ($113.4bn) and 1992′s hurricane Andrew ($58.6bn), Goldman Sachs’ Jan Hatzius says. But it’s difficult to know how much to rely on the cost estimates so early on, as Hatzius highlights:

These numbers are likely to strike many readers as surprisingly small given the scale of the devastation in several mid-Atlantic states. It is certainly possible that they are too small, as initial cost estimates for natural disasters have sometimes proved too low in the past. For instance, the damage from Tropical Storm Irene was about twice as large as the initial estimates had suggested, and the damage from Hurricane Katrina was about four times as large. However, it is also likely that the concentration of the impact in the area between Washington and New York has magnified its media impact, even relative to the population density and the value of the real estate in this part of the country.

(Ouch – the media card? Really?) Read more

Sandy could delay the BLS report, and has already sparked nuclear fears

Kate is FT AV’s Asia Correspondent. She joined FT Alphaville in mid-2011 after carrying out various roles in the FT’s London office since 2005: interactive editor, companies reporter, and founding editor of the FT’s Energy Source blog.

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| Oct 30 2012 07:53 | Comment |

An update on the Sandy-related damage, market closures, and the alert about the Oyster Creek nuclear plant.  Read more

Early estimates of Sandy’s economic impact

Cardiff writes mostly about US macroeconomic issues, with daily excursions into other topics about which he claim no expertise. Before Alphaville, Cardiff spent a little more than two years as a reporter at Dow Jones Financial News covering investment banking, asset management, and private equity. Along the way he has written freelance pieces on a variety of other topics from behavioural psychology to Muay Thai, the latter also being a personal interest that involves frequently getting kicked in the shins (and torso, and head).

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| Oct 29 2012 18:24 | Comment |

Again, we hope all of our US readers are staying safe.

Estimating the economic impact of a storm is always imprecise, even after the storm has passed. With that caveat in mind, we’ve come across a few early forecasts and thought we’d pass them along. Read more

NYSE Euronext and Nasdaq: markets to close Monday, possibly also Tuesday

Cardiff writes mostly about US macroeconomic issues, with daily excursions into other topics about which he claim no expertise. Before Alphaville, Cardiff spent a little more than two years as a reporter at Dow Jones Financial News covering investment banking, asset management, and private equity. Along the way he has written freelance pieces on a variety of other topics from behavioural psychology to Muay Thai, the latter also being a personal interest that involves frequently getting kicked in the shins (and torso, and head).

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| Oct 29 2012 03:34 | Comment |

NYSE Euronext Statement on Closure of U.S. Markets on Monday Oct. 29 and Pending Confirmation on Tuesday, Oct. 30, 2012

NEW YORK–(BUSINESS WIRE)–In consultation with other exchanges and market participants, NYSE Euronext (NYX) will close its markets on Monday, Oct. 29, 2012 and pending confirmation on Tuesday, Oct. 30, 2012. We support the consensus of the markets and the regulatory community that the dangerous conditions developing as a result of Hurricane Sandy will make it extremely difficult to ensure the safety of our people and communities, and safety must be our first priority. We will work with the industry to determine the next steps in restoring trading as soon as the situation permits. Read more

Hurricane Sandy approaches the eastern US

Cardiff writes mostly about US macroeconomic issues, with daily excursions into other topics about which he claim no expertise. Before Alphaville, Cardiff spent a little more than two years as a reporter at Dow Jones Financial News covering investment banking, asset management, and private equity. Along the way he has written freelance pieces on a variety of other topics from behavioural psychology to Muay Thai, the latter also being a personal interest that involves frequently getting kicked in the shins (and torso, and head).

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| Oct 28 2012 21:19 | Comment |

From the FT’s Alan Rappeport, Shahien Nasiripour and Shannon Bond:

Millions of people in the eastern US braced themselves on Sunday for what forecasters said could be an epic hurricane. Read more