Economists will need many days — maybe weeks or months — to assess the financial harm being done by Hurricane Sandy. But whatever the final figure, it will be huge, well into the tens of billions of dollars.
More than 60 million Americans are feeling the impact of the weather monster slamming New York, New Jersey, Maryland, the District of Columbia, Virginia, Connecticut, Pennsylvania and many other states. The howling mix of wind, rain and snow is causing massive direct losses, i.e., the destruction of private homes, stores, boats and cars.
A new study released by the World Economic Forum ranks northern European nations at the top when it comes to the size of their gender gap. But one area where the gap is huge is in the percentage of women on company boards; it's less than 15 percent EU-wide. Controversy over what should be done about that — and by whom — is more divisive than ever.
In the months since the controversy over the Susan G. Komen Foundation's shifting position on funding for Planned Parenthood, the organization has seen a decline in fundraising and attendance at its main event, annual races held around the country to raise money for breast cancer prevention and treatment.
Originally published on Mon October 29, 2012 6:47 am
Hurricane Sandy's full impact on the U.S. economy won't be known for quite some time, though some estimates for possible damage are in the billions. A more immediate economic effect is on the markets, as Wall Street shuts down for at least Monday.
Originally published on Fri October 26, 2012 4:37 pm
By Alan Greenblatt
The U.S. economy remains in a gray area, so it's no wonder that the presidential race is essentially tied.
Gross domestic product grew at a 2 percent annual rate between June and September, according to figures out Friday. The White House says this means the economy has been growing for 13 straight quarters.