Disasters

"Sandy Strengthens As Nears Coast; Wall Street Shut"

"Hurricane Sandy, the monster storm bearing down on the East Coast, strengthened on Monday after hundreds of thousands moved to higher ground, public transport shut down and the stock market suffered its first weather-related closure in 27 years.

About 50 million people from the Mid-Atlantic to Canada were in the path of the nearly 1,000-mile-wide (1,600-km-wide) storm, which forecasters said could be the largest to hit the mainland in U.S. history. It was expected to topple trees, damage buildings, cause power outages and trigger heavy flooding.

Source: Reuters, 10/29/2012

"Fish Off Japan’s Coast Said to Contain Elevated Levels of Cesium"

"TOKYO — Elevated levels of cesium still detected in fish off the Fukushima coast of Japan suggest that radioactive particles from last year’s nuclear disaster have accumulated on the seafloor and could contaminate sea life for decades, according to new research."

Source: NY Times, 10/26/2012

Is Climate Driving Frankenstorm Sandy onto DC as Election Nears?

Although predictions are still iffy, Pepco and other utilities around the District of Columbia and the Atlantic seaboard are bracing for winds and water from Hurricane Sandy. Some experts think the impact of the hurricane itself will be worsened by interaction with a large blocking dome of high pressure.

Source: Climate Central, 10/26/2012

Private Equity Firms Make Bad TXU Investment, Get $528 Million Anyway

The Texas-based energy company TXU was, under the Bush administration, supposed to be the cutting edge of a coal resurgence. The 2007 leveraged buyout of TXU is widely regarded to be one of the worst deals in private equity history. But the firms that led it -- KKR, TPG, and Goldman Sachs -- made money with big fees even as the company tumbled toward financial ruin.

Source: New York, 10/23/2012

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