New York


Tue October 30, 2012
Around the Nation

Why Does The Stock Exchange Need A Trading Floor?

Originally published on Wed October 31, 2012 2:47 pm



Two straight days makes this the worst weather-related closure of the New York Stock Exchange since 1888. There was a monstrous snowstorm in March of that year, drifts of over 40 feet. You know what was also happening right about the same time? The American Arithmometer Company started up in St. Louis. It went on to sell the device that its founding Vice President William Seward Burroughs invented - the adding machine, which raises this question for me.

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Tue October 30, 2012
NPR Story

Losses From Sandy Could Reach $50 Billion

Originally published on Tue October 30, 2012 3:16 pm



Homeowners, businesses, and insurance companies are still assessing the damage from the storm in much of the eastern U.S. But some early estimates are in.

And as NPR's Yuki Noguchi reports, Hurricane Sandy inflicted heavy economic damage.

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Tue October 30, 2012
Planet Money

The Robots Haven't Taken Over The Stock Market (Yet)

Originally published on Fri November 2, 2012 11:04 am

Sandbags protect an entrance of the New York Stock Exchange, Monday, Oct. 29, 2012.
Richard Drew AP

Note: This story was originally published on Oct. 30. It was updated on Nov. 1 to include a radio version of the story.

The stock market, according to a popular narrative, is now just computers making superfast trades with other computers. Those pictures of traders getting emotional on the floor of the New York Stock Exchange are an anachronism. The real action flashes through fiber-optic cables headed for servers in places like Kansas City. It's algorithms all the way down.

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Tue October 30, 2012
Shots - Health News

Superstorm Sandy Takes Toll On New York Hospitals

Originally published on Tue October 30, 2012 12:41 pm

Ambulances line up outside New York University Langone Medical Center to evacuate patients after backup generators failed when Sandy knocked out power in Lower Manhattan Monday.
John Minchillo AP

When a storm hits, people count on the local hospital to be ready — no matter what.

But when Sandy slammed into New York City, one of Manhattan's biggest hospitals buckled. After the power went out in Lower Manhattan, New York University Langone Medical Center's backup power generators failed, too.

That led to the evacuation of more than 200 patients to other hospitals, including Mount Sinai Medical Center and Memorial Sloan-Kettering Cancer Center.

Patients were still being moved Tuesday morning, the Huffington Post reported.

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Tue October 30, 2012
The Two-Way

At New York University Medical Center, A Dramatic, Critical Evacuation

Originally published on Tue October 30, 2012 1:29 pm

Hospital workers evacuate patient Deborah Dadlani from NYU Langone Medical Center in New York City on Monday.
Michael Heiman Getty Images

One of the most dramatic stories to come out of New York last night is the critical evacuation of New York University Langone Medical Center.

As CNN reports it, around 7:45 p.m. Monday, the hospital's basement started taking on water. At one point, the "lower floors and elevator shafts filled with 10 to 12 feet of water."

The hospital's main power went out and then the backup power failed.

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