Sandy, the hurricane-turned-superstorm, has left dozens dead, millions without power and thousands in need of rescue from rising waters as it slowly moves north and west from the Mid-Atlantic to pass over the Great Lakes and into Canada.
According to The Associated Press, storm damage was projected at $20 billion, "meaning it could prove to be one of the costliest natural disasters in U.S. history."
Sandy has also taken a huge human toll: More than 30 deaths since the weekend and millions more coping with damaged homes, crippled transportation systems and no power.
Originally published on Mon October 29, 2012 5:27 pm
By Franklyn Cater
Doug Smith and his girlfriend Trenor Bender thought the worst of Hurricane Sandy had passed them by when they looked out the windows in the wee hours today. At their rental home, three rows back from the beach in Kitty Hawk, North Carolina, there was no water in the yard at all at 3:30 this morning. But that didn't last.
"When I woke up, I couldn't believe it," says Smith of the view just a few hours later, "I saw this sheet of water on the ground."
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.