Beaufort, N.C. Against predictions, hurricane Irene lost strength Friday afternoon, now registering as a weakening Category 2 hurricane with little chance of revival before it hits North Carolina on Saturday. While Irene's wind speeds dropped to about 100 miles per hour, the risks for inland flooding remained high, with the storm expected to drop as many as 8 inches of rain on water-logged parts of the mid-Atlantic and New England. “With its eyewall collapsed and just 24 more hours over water before landfall, it is unlikely Irene will have time to build a new eyewall and intensify,” writes meteorologist Jeff...