Irene Leaves Devastation in its Wake 37Dead,Tornado wipes out a Neighborhood in Delaware and Massive Flooding the Northeast

Hurricane Irene which slammed in the US five days ago  leaving lives ruined and property destroyed along the East Coast. 37 people are dead from Puerto Rico to New York state. 8 million people out of  electricity. Massive flooding  throughout the Northeast hardest hit states Vermont, New York state and New Jersey.   The Weather Channel and Accuweather has extensive coverage.

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Hurricane Irene to Batter East Coast

Hurricane Irene a powerful category 2 Tropical system which slammed Puerto Rico, Cuba, and The Bahamas  is making landfall on Wrightsville Beach,NC Friday.From Atlanta Business Chronicle:

Hurricane Irene is barreling toward North Carolina early Friday with landfall expected Saturday between 10 a.m. and noon. Forecasters said the storm will hit eastern North Carolina as a Category 3 storm with winds estimated at 115 miles per hour. Mandatory evacuations of coastal North Carolina residents will take place throughout the day on Friday. Officials are expected to order evacuations Friday as far north as New Jersey. Forecasters said early Friday the storm is as large as the Southeast, and has the potential to affect as many as 65 million people as it moves north along the East Coast of the U.S.

Even the mayor of New York City is considering mandatory evacuations. Officials there are watching forecasts to determine the storm’s anticipated strength as it moves north. Mayor Michael Bloomberg said officials expect to shut down the city’s entire transit system Saturday afternoon ahead of the arrival of Hurricane Irene. He said service likely won’t be available again until sometime Monday or perhaps later. A transportation official said the system cannot operate with sustained winds of 39 mph.

Drudge Report  gives  several listing news and weather links.

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Illinois Loses More Jobs in 2011 Than Any other State

Illinois  lost more jobs for the first seven month of the than any other state. According to a report by the Illinois Policy Institute found based on US Bureau of Labor Statics in July Illinois 24,900 lost.  Since January the Land of Lincoln has lost 89,000.  The unemployment rate rose to 9.5%.

January 2011, Illinois passed the largest tax increase in state history. When Governor Pat Quinn signed the legislation  employers begged the Governor not to sign the bill for fears of job losses. Quinn sign the bill into law. Since then jobs have left the state.

Meanwhile Illinois neighbors Indiana, Ohio Wisconsin and Minnesota either cut taxes or no increase revenue.

What that means while it is not conclusive. The reports shows when taxes are  raised jobs are lost.

Will Springfield and other state capitols including Sacramento, Boston  and Annapolis will learn raising taxes has consequences.

Rock n Roll: East Coast 5.8 Magnitude Earthquake

What a day folks. The eastern seaboard of the US shaken on Tuesday afternoon when a 5.8 magnitude temblor shook as the workday was coming an end. The quake struck after 3 P.M.  on a fault in Mineral, Louisa County ,VA about 90 miles southwest of Washington, DC. and 50 miles northwest of Richmond,VA.

The quake felt from Atlanta, GA in the South, to Montreal,QC North; Chicago out west. Buildings in cities on East Coast were evacuated spreading  panic in the streets. Centuries old Brick building  facades collapsed .

Nuclear Power plants up and down the coast shut down very briefly including the North Anna Power Plant nearby. President Obama was notified of the quake while hitting the links on Martha’s Vineyard. Obama family spending a ten-day vacation.

For people working at the Pentagon and New York City shades of September 11 Terror Attacks from ten years ago. From A.P. via Yahoo  News:

The earthquake came less than three weeks before the 10th anniversary of the Sept. 11 attacks, and in both Washington and New York it immediately triggered fears of something more sinister than a natural disaster.

At the Pentagon, a low rumbling built until the building itself was shaking, and people ran into the corridors of the complex. The shaking continued there, to shouts of “Evacuate! Evacuate!”

The Park Service closed all monuments and memorials on the National Mall, and ceiling tiles fell at Reagan National Airport outside Washington. All flights there were put on hold.

In lower Manhattan, the 26-story federal courthouse, blocks from ground zero of the Sept. 11 attacks, began swaying, and hundreds of people streamed out of the building.

The New York police commissioner, Raymond Kelly, was in a meeting with top deputies planning security for the upcoming anniversary when the shaking started. Workers in the Empire State Building spilled into the streets, some having descended dozens of flights of stairs.

 “I thought we’d been hit by an airplane,” said one worker, Marty Wiesner.

Another, Adrian Ollivierre, an accountant, was in his office on the 60th floor when the quake struck: “I thought I was having maybe a heart attack, and I saw everybody running. I think what it is, is the paranoia that happens from 9/11, and that’s why I’m still out here — because, I’m sorry, I’m not playing with my life.”

Read everything!

AP has the video.

Drudge Report has more links.

Another Bad Week For President Obama Unemployment Numbers Increased Over 400,000 Last Week His job Approval Fall And The Number who support His an economic agenda at 26%

Boy, after this week Obama definitely need to get away. Unemployment numbers rise over 400,0000 for the first time in two weeks. His Job Approval has fallen to 39% for the first time this year. Only 26%  approve  his handling  of the economy.  This comes as the economy outlook look bad JP Morgan Chase  says. From James Pethokoukis Reuters Syndication:

On Wednesday, Economic Forecaster-in-Chief Barack Obama said, “I don’t think we’re in danger of another recession.” Shades of John McCain’s “The fundamentals of our economy are strong.”

On Thursday, the stock market – freaked out by Europe’s spiraling debt crisis and a shockingly weak Philadelphia Fed manufacturing report – plunged 4.5 percent. In an unintentional rejoinder to Obama, investment bank Morgan Stanley opined that the United States was “dangerously close” to falling back into recession.

And it may be about to get a whole lot worse for the Obama 2012 campaign. The White House’s worst-case scenario for the economy on Election Day next year has become Wall Street’s baseline scenario. After looking at a string of weak economic reports and Europe’s growing fear of debt meltdown and contagion, JPMorgan – led by Obama pal Jamie Dimon – has just come out with a politically poisonous forecast.

The megabank now thinks the economy won’t grow much faster over the next 12 months than it did during the first half of this year — and that’s assuming Europe doesn’t go all pear shaped. It sees GDP growth at just 1.5 percent this year, 1.3 percent next year with unemployment at … 9.5 percent heading into the final days of the election season. “The risks of recession are clearly elevated,” the bank said. Here’s its reasoning:

Consumer sentiment has tumbled and household wealth has deteriorated. Survey measures of capital spending intentions have moved lower and the housing market shows little sign of lifting. Small businesses, retailers, builders and manufacturers all report a weaker business environment. Global growth has disappointed and foreign growth forecasts have been taken lower. In response we are lowering our projection for growth, particularly in the quarters around the turn of the year.

The President’s poll numbers continue to slide from Gallup,Inc:

Gallup latest Presidential Poll

A new low of 26% of Americans approve of President Barack Obama’s handling of the economy, down 11 percentage points since Gallup last measured it in mid-May and well below his previous low of 35% in November 2010.

Obama earns similarly low approval for his handling of the federal budget deficit (24%) and creating jobs (29%).

The president fares relatively better on foreign policy matters, with 53% of Americans approving of his handling of terrorism and roughly 4 in 10 approving on foreign affairs and the situation in Afghanistan. Also, 41% approve of Obama on education.

If I was him I either call back Congress in session or  go on a low level vacation  with the family. (not Martha’s Vineyard.)

Hat Tip: Ed Morrissey of Hot Air

and Hugh Hewitt

US to Changing Immigration Policy

Thursday, As President Obama and Family head to Martha’s Vineyard,MA. The  Homeland Security Department will stop deportment of illegals in the US by a case by case basis. The new policy will focus on criminals ( ironic because being illegal in US is a federal law). From Breitbart:

The Obama administration said Thursday it would postpone the deportation of illegal immigrants without criminal records and allow them to apply for work permitsas it reviews over 300,000 cases.

The case review would only affect those undocumented immigrants already in line for deportation proceedings, and not the vast majority of the estimated 11 million illegal immigrants in the United States.

The move comes amid criticism from rights activists of President Barack Obama’s administration for deporting a record number of illegal immigrants and failing to get Congress to pass comprehensive immigration reform.

Welcome to Amnesty!

Read it All!

The Stock Market Wild Ride 420 Points Up Tuesday 512 Points Down Wednesday

On Wednesday, stock markets in Europe and around the world plunged on speculation that France would lose its triple (AAA) credit rating  and fears of a slowing economy worldwide. On Tuesday, The financial markets skyrocket up on Tuesday, after Federal  Reserve Chairman Ben Bernake  said the Federal Reserve will not raise interest rates  and continue it current policy until 2013.    From The Wall Street Journal:

Stock prices tumbled Wednesday, led downward by some of the world’s biggest banks. But bond investors offered a potentially more ominous assessment of prospects for the global economy, pouring money into the safety of U.S. Treasury bonds despite yields that are near their lowest levels in history.

The Dow Jones Industrial Average fell 519.83 points, or 4.62% to 10719.94, more than wiping out the gains posted in Tuesday’s sizable late-day rally. It was the Dow’s fourth triple-digit move in five days and brings its declines since its April peak to more than 16%. The index is less than 500 points away from officially being in a bear market, defined as a decline of 20%.

Asian shares Thursday morning moved lower. Japan’s Nikkei Stock Average fell 1.6%; Australia’s S&P/ASX 200 lost 1.4%; South Korea’s Kospi Composite dropped 1.8% after slumping over 4% at the opening; and New Zealand’s NZX-50 was 0.1% lower.

It marked the fourth day in August that the Dow has closed more than 2% higher or lower. Only one of those sessions, Tuesday’s, was a positive move. In contrast, there were only two days with moves of 2% or more in the first seven months of the year.

The concerns have led to strong demand for Treasurys, despite the downgrade by Standard & Poor’s of the U.S. long-term credit rating last Friday. The trend of falling Treasury yields gained steam following the Fed’s announcement Tuesday that it would keep interest rates “exceptionally low” though the middle of 2013. Yields on 10-year Treasurys, which fall as prices rise, ended the day at 2.145%, near their lowest on record.

The Wall Street has more. Read it!