Millions across East Coast brace for 'Superstorm' Sandy, while NYC to close transit services, school

Opmmur

Time Travel Professor
Millions across East Coast brace for 'Superstorm' Sandy, while NYC to close transit services, schools


As tens of millions of people in the eastern third of the U.S. prepare for drenching rain and winds that could hit 80 mph from Hurricane Sandy, New York Gov. Andrew Cuomo announced that New York City will suspend its bus, subway and commuter rail service Sunday evening ahead of the storm.

“You don’t want to be over panicked and overly prepared, but you want to be prudent and do what’s necessary," Cuomo said, indicating that the transit system will close at 7 p.m. ET.

Cuomo also said that bridges and tunnels in the New York area will be closed on a case-by-case basis, and 1,100 National Guard troops will be deployed to the area, including 400 on Long Island and 200 in New York City.

The city closed the subways before Hurricane Irene last year, and a Columbia University study predicted that an Irene surge just 1 foot higher would have paralyzed lower Manhattan.
New Jersey's PATH train service, which also transports residents into New York City, will close 12:01 a.m. Monday.

New York City Mayor Michael Bloomberg also announced the closure of all city public schools for Monday and ordered mandatory evacuations of all low-lying areas. He urged residents in lower Manhattan to call 311 or visit the city's website for information on evacuation zones.
"If you don't evacuate, you are not only endangering your life, you are also endangering the lives of the first responders who are going in to rescue you," Bloomberg said.

The warning from other officials to anyone who might be affected in the storm's path was simple: Be prepared and get out of the way. The storm is expected to bring a few days of rain, high winds and possibly heavy snow.

"We're looking at impact of greater than 50 to 60 million people," said Louis Uccellini, head of environmental prediction for the National Oceanic and Atmospheric Administration.
Hurricane Sandy was headed north from the Caribbean, where it left nearly five dozen dead, to meet a winter storm and a cold front, plus high tides from a full moon, and experts said the rare hybrid storm that results will cause havoc through 800 miles from the East Coast to the Great Lakes.

Sandy was at Category 1 strength, packing 75 mph winds, about 250 miles southeast of Cape Hatteras, N.C., and moving northeast at 14 mph as of 11 a.m. Sunday, according to the National Hurricane Center in Miami. It was about 575 miles south of New York City. Waves are already battering Hatteras Island.

The storm was expected to continue moving parallel to the Southeast coast most of the day and approach the coast of the mid-Atlantic states by Monday night, before reaching southern New England later in the week.

"I've been here since 1997, and I never even put my barbecue grill away during a storm," Russ Linke said shortly before he and his wife left Ship Bottom, N.J. on Saturday. "But I am taking this one seriously. They say it might hit here. That's about as serious as it can get."
The danger was hardly limited to coastal areas. Forecasters were far more worried about inland flooding from storm surge than they were about winds. Rains could saturate the ground, causing trees to topple into power lines, utility officials said, warning residents to prepare for several days at home without power.

States of emergency were declared from North Carolina, where gusty winds whipped steady rain on Sunday morning, to Connecticut. Delaware ordered mandatory evacuations for coastal communities by 8 p.m. Sunday.

"You never want to be too naive, but ultimately, it's not in our hands anyway," said Andrew Ferencsik, 31, as he purchased plywood and 2-by-4 lumber from a Home Depot in Lewes, Del.
New Jersey Gov. Chris Christie, who was criticized for not interrupting a vacation in Florida while a snowstorm pummeled the state in 2010, broke off campaigning for Republican presidential nominee Mitt Romney in North Carolina on Friday to return home.

"I can be as cynical as anyone," said Christie, who declared a state of emergency Saturday. "But when the storm comes, if it's as bad as they're predicting, you're going to wish you weren't as cynical as you otherwise might have been."

Up and down the Eastern Seaboard and far inland, officials urged residents and businesses to prepare in ways big and small.

In Nassau County on Long Island, County Executive Edward P. Mangano said three public shelters will be opened at 1 p.m.

"Get your emergency kits ready and be prepared to move," he said.

In neighboring Suffolk County, a mandatory evacuation of Fire Island by 2 p.m. Sunday was ordered, with all parks to close at 6 p.m.

The town of Ocean City has ordered an evacuation of downtown residents as Hurricane Sandy heads for the Delmarva Peninsula.

Residents must leave the area south of 17th St. by 8 p.m. Sunday.

In addition, a voluntary evacuation order has been issued for residents and occupants of known low-lying areas. And Mayor Rick Meehan has closed the beach to everyone until further notice.

The town says severe flooding is expected.

Amtrak began canceling train service Saturday night to parts of the East Coast, including between Washington and New York. Airlines started moving planes out of airports to avoid damage and adding Sunday flights out of New York and Washington in preparation for flight cancellations on Monday.

Airlines also cancelled more than 3,000 flights as of Sunday morning, with hubs along the East Coast bearing the brunt of the disruptions.

According to the flight-tracking service FlightAware, 707 flights have been cancelled Sunday, with more than 265 cancellations at Newark Airport.

For Monday, 2,499 flights are cancelled, with 774 cancellations at Newark, followed by 428 at Dulles in Washington and 355 cancellations at Philadelphia.

The Virginia National Guard was authorized to call up to 500 troops to active duty for debris removal and road-clearing, while homeowners stacked sandbags at their front doors in coastal towns.

In Arlington, just outside Washington, D.C., a few shoppers strolled in and outside a Giant supermarket. Cathy Davis, 40, said the supermarket was sold out of the water she wanted to purchase, but she wasn't doing much else to prepare. She figured she would bring her outdoor furniture inside later in the day, and might make some chili.

She said the storm did lead her to decide against decorating for Halloween.
"I was like, 'eh, it will just be blown away anyway,'" she said. "What's the point."
President Barack Obama was monitoring the storm and working with state and locals governments to make sure they get the resources needed to prepare, administration officials said.

In North Carolina's Outer Banks, there was some scattered, minor flooding at daybreak Sunday on the beach road in Nags Head. The bad weather could pick up there later in the day, with the major concerns being rising tides and pounding waves.

In New Jersey, hundreds of coastal residents started moving inland. Christie's emergency declaration will force the shutdown of Atlantic City's 12 casinos for only the fourth time in the 34-year history of legalized gambling here. City officials said they would begin evacuating the gambling hub's 30,000 residents at noon Sunday, busing them to mainland shelters and schools.

The storm also forced the presidential campaign to juggle schedules. Romney scrapped plans to campaign Sunday in Virginia and switched his schedule for the day to Ohio. First lady Michelle Obama canceled an appearance in New Hampshire for Tuesday, and Obama moved a planned Monday departure for Florida to Sunday night to beat the storm. He also canceled appearances in Northern Virginia on Monday and Colorado on Tuesday.

Former sailor Ray Leonard, 85, had a bit of advice for those in the path of the storm. Leonard and two crewmates in his 32-foot sailboat, Satori, rode out 1991's infamous "perfect storm," made famous by the Sebastian Junger best-selling book of the same name, before being plucked from the Atlantic off Martha's Vineyard, Mass., by a Coast Guard helicopter.

"Don't be rash," Leonard said Saturday from his home in Fort Myers, Fla. "Because if this does hit, you're going to lose all those little things you've spent the last 20 years feeling good about."

The Associated Press contributed to this report.
 
NYSE to shut trading floor Monday, trade electronically
By John McCrank and Caroline Humer, Reuters

NEW YORK — Wall Street firms prepared to open for business on Monday at least with skeletal staff, booking hotel rooms for key employees and leaning on offices in other cities as Hurricane Sandy forced the New York mass transit system to shut down, leaving tens of thousands of employees stuck at home.

Executives, traders and bankers said they expected a light trading day on Monday — and depending on the impact of the storm, possibly through Tuesday — as some offices in lower Manhattan's Financial District are in an evacuation zone and most non-critical staff were asked to work from home.

Major U.S. stock exchanges, including NYSE Euronext , Nasdaq OMX Group and Direct Edge, and banks such as Goldman Sachs Group Inc , Citigroup Inc and JPMorgan Chase & Co were all putting in place contingency plans to open for business on Monday, but that involved some firms scaling back operations.

NYSE said on Sunday afternoon that it will close its physical trading floor operations for the first time in nearly three decades due to a weather-related emergency, but would move trading of NYSE-listed stocks to its fully electronic exchange. This is also the first time NYSE has ever gone fully electronic.

Hundreds of thousands ordered to evacaute as Sandy nears

Meanwhile, the exchange will evaluate on "a day-to-day basis" as to when it will reopen the floor, said Larry Leibowitz, NYSE's chief operating officer, but if forecasts are correct, the weather may worsen on Tuesday.

The decision to close the Big Board's trading floor came after a series of discussions with floor brokers, employees, city officials and others. Leibowitz, who lives in lower Manhattan, but not in the evacuation zone, said he would be showing up for work on Monday.

"I will be there ... I will probably be singing a solo on the trading floor," he said.

Hurricane Sandy is expected to slam into the U.S. East Coast on Monday night, bringing torrential rains, high winds, severe flooding and power outages. The rare "super storm," created by an Arctic jet stream wrapping itself around a tropical storm, could be the biggest to hit the U.S. mainland, forecasters said.

The scramble on Wall Street started early as New York Governor Andrew Cuomo announced the subway, bus and rail system in the city begin to close at 7 p.m. EDT on Sunday.

About 8.5 million commuters utilize the Metropolitan Transit Authority's transit lines daily, meaning most Wall Street employees would be unable to get to work. New York City Mayor Michael Bloomberg also closed public schools and ordered an evacuation of 375,000 people in coastal areas, including downtown offices of banks such as Citigroup.

The Street's contingency plans face several unknowns. The major exchanges and most big trading firms have alternate trading facilities if downtown Manhattan is inaccessible, but the storm's wide path may affect a number of sites in the New York metropolitan area. Authorities have warned of possible widespread power outages that could last for days.

Wall Street was spared the worst of Hurricane Irene in August last year. Officials had feared Hurricane Irene would flood lower Manhattan and cripple business in the world's financial capital, but the flooding was minor and there were no major disruptions at the exchanges.

Storm Tracker: Live interactive map of Hurricane Sandy

Muted trading

CME Group Inc said it was suspending floor trade on Monday at NYMEX headquarters, the world's biggest oil and energy futures and options market. But electronic trade at all of CME will open at their regularly scheduled time at Globex and ClearPort, CME's online electronic platforms.

The Securities Industry and Financial Markets Association said it is recommending an early close of noon EDT on Monday for the trading of U.S. dollar-denominated, fixed-income securities. It said its member firms should decide for themselves whether their fixed-income departments remain open for trading.

One bond trader at a large Wall Street firm said the New York-based banks would route orders through their Midwest and West Coast offices. West Coast employees were planning to get up early, he said, while colleagues in Europe were expecting a long working day on Monday.

Volumes were, however, expected to be lower and orders may be harder to fill, the trader added.

Ken Polcari, managing director for ICAP Equities, said early on Sunday: "The word going around the floor on Friday was people should expect this to happen. In the event the exchange does not open, they will trade electronically though."

"If that happened, it's probably going to be very muted volume," he added.

Working from home

Goldman, whose office in lower Manhattan is in one of the areas to be evacuated, told employees that it would open for business, with some staff working from offices in Greenwich, Connecticut and in Princeton, New Jersey.

It also plans to use teams in London and other locations around the world for additional support.

Citigroup has its trading floor near the Hudson River in the Tribeca neighborhood in Manhattan, putting it in a flood zone. The bank is operating from a backup trading floor in New Jersey and will shuttle critical employees there as necessary. It said "non-critical personnel should invoke their work-from-home strategies."

Credit Suisse Group is situated by Madison Square Park in New York, outside of the city's evacuation zones for hurricanes. The Swiss bank planned to open its trading floor as usual on Monday, staffed with employees that live nearby and key personnel that can access trading systems remotely.

A JPMorgan spokeswoman said many of the bank's traders lived in Manhattan and will be in the office on Monday. The bank expects to be fully operational, using backup trading and technology from Europe or Asia as needed, she said.

Wells Fargo & Co , which has about 1,170 locations in Sandy's path, had already closed some locations by Sunday afternoon. Executives in various departments were holding conference calls on Sunday to discuss preparations, a bank executive said.

The executive also said the exchanges' plan to stay open on Monday had complicated banks' preparations.

"With MTA shut down, how are people supposed to get around?" the executive asked.

Plan to stay open

The NYSE has not suffered a weather-related late opening since 1996, having opened on time in extreme circumstances in the past, including Hurricane Irene last year. It last suspended physical trading floor operations on Sept. 27, 1985, due to Hurricane Gloria, during which all markets were closed.

The Big Board is located in Zone C, an area whose likelihood of evacuation is relatively low, according to the New York Office of Emergency Management.

The NYSE has arranged accommodations for essential staff near its lower-Manhattan headquarters, while other employees have been encouraged to work from home or alternate locations, said a person familiar with the situation.

Being on site is more important for traders that rely on fast network connections and real-time market information, than bankers such as deal advisers and private equity firm executives.

Blackstone Group , for example, planned to close its office on Monday.

Hurricane Sandy also led to some events being canceled or postponed. Citigroup Prime Brokerage postponed a hedge fund event that had been scheduled for Tuesday.
 

Possibly Largest-ever Hurricane to slam Eastern Seabord
Wind to be felt as far inland as Ohio, states of emergency declared in 8 states, at least 60 million people affected, multi-billion dollar damages expected
121029.Sandy.ocean.water.jpg
 
Parts of New York City Descending into Absolute Chaos
Filed under News, Prepper Watch November 9, 2012 Posted by: Rob Richardson
Leave a comment

FEMA, the federal agency who’s responsible for responding to natural disasters and emergencies, apparently can’t figure out how to respond to anything. Over a week after Hurricane Sandy hit the East Coast, the agency is still having trouble providing basic emergency supplies and shelter to the affected area.

And now to add insult to injury, FEMA has actually had to shut down emergency relief shelters due to a snow storm that just hit the area.

Is this really what America voted for? We spend billions of dollars a year on this agency and they can’t even handle the one thing their supposed to be able to do; respond to an emergency situation.

Emergency Shelters that are open, are Death Traps

According to the Asbury Park Press, those that have managed to find open shelters are living in conditions that are worse than what they left. Many of them have been shuttled to FEMA shelters that are nothing more than large tents that have no electricity, no running water, no heat, and barely enough supplies for those living in the shelters.

The Media is not being allowed inside any of these fenced complexes, but some evacuees are starting to speak out. One resident of FEMA’s tent city, told the Asbury Park Press.

The elections are over and here we are. There were Blackhawk helicopters flying over all day and night. They have heavy equipment moving past the tents all night”…” Everybody is angry over here. It’s like being prison”

When residents of FEMA’s tent city tried to call out and inform the media, officials tried to stop them from taking pictures, turned off the WiFi and stopped allowing people to charge their smart phones.

One Evacuee told the Press:

“After everyone started complaining and they found out we were contacting the press, they brought people in. Every time we plugged in an iPhone or something, the cops would come and unplug them.”

Sickness Breaking Out in Shelter Camps

In Brooklyn, three shelters had to be closed down and sanitized after a stomach virus broke out and sickened a large number of the evacuees.

Prisons to Be Used as Emergency Shelters

With over 40,000 New Yorkers still in desperate need of shelter, The New York Post is reporting that City officials may use an empty prison on Staten Island to feed and house as many as 900 victims.

Gas Rationing Hits New York City

New York City’s Mayor Bloomberg announced that because of major disruptions in the gas supply, the city will now have to ration gas for at least the next two weeks. The city has failed to reopen over 75% of its gas stations, and those that are open are struggling to meet the high demand.

gaslines.jpg


Criminals Take Over

The mainstream media may have forgotten about New York and the government may not want to talk about its failures, but the fact is large areas of New York City (mainly the poor areas) have descended into absolute chaos.

looterswillbeshotsign.jpg


Link to: Parts of New York City Descending into Absolute Chaos

Almost a week after Sandy pummeled the East Coast, some areas of New York and New Jersey have been taken over by criminals. The scenes look like something right out of a post apocalyptic Hollywood movie, as residents wielding bows and arrows, bats and anything else they can get their hands on try to protect their homes against looters.

I honestly wish I didn’t have to write another story about the aftermath of Hurricane Sandy; but this country can’t afford to ignore the lessons of another disaster and how our government once again failed to do their job. People need to wake up to the fact that we can’t rely on our government to help during an emergency situation.

Americans need to start taking Preparedness seriously and they need to realize that they can’t outsource their safety to some government agency.
 

Top