East Coast recovers after Hurricane Sandy

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(Best Syndication News) - The U.S. Department of Homeland Security's Federal Emergency Management Agency (FEMA) announced today that President Obama has declared an emergency for the four states that were affected by Hurricane Sandy and the major storm yesterday. The government is now in disaster recovery mode.

Many residents up and down the East coast are experiencing power outages and gas service interruptions. The hardest hit area was Narragansett/Warwick, Rhode Island with 115,298 customers without power, as of 6 am on Tuesday morning. In New York, an estimated 21,000 customers are without power. In the area of Worcester, Brockton, Haverhill, Bridgewater and Fall River in Massachusetts there was still 209,834 customers without power as of 6 am on Tuesday.

Downed trees and debris need to be cleared while the power companies work to restore power. The National Grid also reported disruptions. Throughout Newport & Westerly, Rhode Island, 686 gas customers reported problems related to the flooding.

President Obama has signed several declarations for emergency for disasters in the impacted area. A major disaster was declared for New York and New Jersey. Emergency declarations were signed for West Virginia and Virginia. More declarations will likely be made as the damage is assessed.

In New York, federal disaster funds will be made available to individuals in Bronx, Kings, Nassau, New York, Richmond, Suffolk, and Queens Counties.

In New Jersey, federal disaster funds will be available for affected residents in Atlantic, Cape May, Essex, Hudson, Middlesex, Monmouth, Ocean, and Union Counties.

Both West Virginia and the Commonwealth of Virginia will receive federal emergency aid to supplement the state and local response efforts caused from Hurricane Sandy.

Many closures occurred because of Hurricane Sandy. Most notably, the New York Stock Exchange and NASDAQ Stock Market were closed on Monday and Tuesday. The stock markets will reopen as scheduled on Wednesday, October 31, 2012. Duncan Niederauer, CEO, NYSE Euronext, said that no damage occurred to the building and systems and they are working to make sure tomorrow will open/operate as usual.

By: Dave Reddy

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