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New York economy takes MULTI-BILLION hit from Hurricane Irene
Daily Mail ^ | August 28, 2011 | Mark Duell

Posted on 08/28/2011 11:39:05 AM PDT by Free ThinkerNY

New York is deserted today on what should be one of its busiest weekends for tourism of the year, as businesses count the cost of a four-day city shutdown after Hurricane Irene forced people indoors.

Retailers will make heavy losses because of a shutdown on one of the last weekends before children go back to school - and one of the most popular times for tourists to visit.

But it might have been worse for New York City, as a direct hit by the damage-wreaking hurricane could have cost it up to $35billion in damage and increased the chance of a double-dip recession.

However C. Britt Beemer, of America's Research Group, told MailOnline losses will be ‘catastrophic’ for businesses, as this weekend would have seen 10 per cent of back-to-school shopping.

‘It's catastrophic because you basically lose all the volume you were going to do,’ he said. ‘Many people in the U.S. are getting ready for the kids to go back to school.’

(Excerpt) Read more at dailymail.co.uk ...


TOPICS: News/Current Events
KEYWORDS: irene; nyc
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To: Free ThinkerNY
New York economy takes MULTI-BILLION TRILLION hit from Hurricane Irene

There...fixed it.

21 posted on 08/28/2011 12:44:51 PM PDT by moovova (Anybody missed O while he's been on vacation? O who?)
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To: Free ThinkerNY
he press is going to milk this for what it's worth. Same with the pols. They think if they keep repeating themselves it will eventually become the truth. An as for all the NY bashers, you are no different them the dems you constantly complain about. You complain that the MSM never tells the truth about fly over country. So you just go and make stupid comments about all NYers. For as we all know, only east and west coasters vote for libs, there are none outside of those areas, right?
22 posted on 08/28/2011 12:48:03 PM PDT by JimC214
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To: Free ThinkerNY
We need a nation wide Hurricane tax to relieve New York... NOW!! New York needs our HELP!!!!!

MTV has also announced a rap/gaga/pregnant teen concert. A charity concert solves every problem and makes all the music jesters "feel" cool. we can call it.... the "Blowing in the Wind" concert.

First we need to mobilize the National Guard and maybe fund them with $1 Billion dollars in order to put all the lawn chairs that got tipped over off the ground and set them upright.

Another Billion in order to get unionized members laid off of work to pull all the umbrellas back into their original position and finally some more union members to actually close the umbrellas.

Oooops forgot that inverted to standard position is one job, but closing the umbrella falls under the Umbrella Closers brotherhood and is a separate job.

Finally a couple of hundred million dollars to do a study as to why water tends to go UP when you live in low lying places near tidal plains and rivers and the flow of drainage water is less than the water flow into an area.

We also need to get rid of electricity... all the lines that carry that stuff ALWAYS gets knocked down and you could get SHOCKED and DIE if it hits you.

Come to think about it we need something like the 2nd Fleet to evacuate everybody on the east coast in case it gets windy. After all they left, why couldn't they take about 30 million people on the boats with them? The ARK BUILDERS/Buggy Whip/Telegraph Operators Brotherhood can make giant arks and sell them to the east coast for the next category 1 storm that blows through.

Please send all your money, especially those making over $200,000.00, evil oil companies and fundamentalist Christians (not the cool ones that believe in abortion and that the ten commandments are stupid).

Anyone receiving government assistance (78% of the population of the urban East coast), trial lawyers, any elected or appointed government official, PUBLIC school teachers and illegal immigrants need not donate... you've already done enough and are suffering more than we could imagine.

We've also received word that a LARGE YELLOW OBJECT was seen over the Asian horizon and is proceeding towards Europe and we believe will also hit the East Coast sometime tomorrow at approximately 6:19 in the morning. It will stay in the sky for about 13 hours,13 minutes and 42 seconds. PLEASE TAKE COVER AND PREPARE.

DO NOT LOOK DIRECTLY AT IT. Temperatures will tend to increase dramatically as well. If you decide to use a fan to blow wind across your face, take care to not HIT YOURSELF IN THE FACE with the back in forth movement of the cardboard or paper hand made fan. We recommend that you immediately notify the Brotherhood of Fan Blowers/Wavers union #232 in order to provide this service. A one time fan tax will be added to your property taxes next year. Same exemptions apply ( lawyers, union members, public assistance, PUBLIC school teachers, politicians and illegal aliens).

We are also monitoring for the possibility of much cooler temperatures that may be the result of global warming which may hit very hard starting in late November and definitely occurring by late December/early January.

We will keep you posted as events develop and our sources find new information to assist you. On a more serious note please don't forget to move air in and out of your lungs as several of our fellow citizens have. It's a preventable cause of death and needs to be taught in public schools.

That is all..... Take care and Spiritual Ephemeral Being (not necessarily male) Bless New York and Spiritual Ephemeral Being (not necessarily male) America !!!

23 posted on 08/28/2011 12:59:32 PM PDT by Dick Vomer (democrats are like flies, whatever they don't eat, they sh#t on.)
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To: raybbr

With all due respect, if the sun rises on an empty hotel room, that is revenue that will not be recaptured. If a night goes by on an empty restaurant table, same thing. A plane takes off with empty seats, money down the drain. Not sure I agree with the figures quoted in the article, but certain sectors of a tourist economy do take a hit. Thanks for letting me chime in.


24 posted on 08/28/2011 1:05:45 PM PDT by jttpwalsh
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To: Free ThinkerNY

Folks up in the North East should come to Florida to avoid hurricane season.


25 posted on 08/28/2011 1:44:16 PM PDT by Joe Boucher ((FUBO) an affirmative action mistake)
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To: Paladin2
Oh, woe is the rotten Apple.

Move to Texas

Better not. We are running out of water here.

26 posted on 08/28/2011 2:23:51 PM PDT by Arrowhead1952 (Dear God, please let it rain in Texas. Amen.)
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To: count-your-change

I love the math. Waiting for others to notice it.


27 posted on 08/28/2011 2:31:08 PM PDT by Dahoser (Separation of church and state? No, we need separation of media and state.)
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To: Dahoser

I’m watching a home renovation show. The owners do some of the work and save some money. If they come in under budget a few thousand dollars they upgrade something and spend the “savings” and feel really clever.

Since most of the “budget” is borrowed money it simply means they went over their budget by a smaller amount than otherwise. The less objectionable of two possibilities is now a virtue.

The idea looks looks like my NY math.


28 posted on 08/28/2011 3:13:20 PM PDT by count-your-change (You don't have be brilliant, not being stupid is enough.)
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