Sandy took a big swipe at lower Manhattan on Monday, which is best known for Wall Street and the financial district. While the New York Stock Exchange will be back in operation on Wednesday, some small businesses took a much more punishing hit.
Damage estimates from Sandy started pouring in on Tuesday, leaving many wondering what's covered by insurance and what isn't. Early estimates are pegging total losses from Sandy at between $30 and $50 billion. That would make it a very costly storm, but not close to the economic damage wrought by Katrina.
In the second of a three-part series, All Things Considered asks several Americans with incomes solidly in the mid-five figures why they feel they've landed on the middle of the nation's economic ladder.
The New York Stock Exchange was closed Monday and Tuesday because of Sandy. The CEO of the Exchange says everyone's pushing to reopen stock markets no later than Wednesday. Which raises the question — why do we need a physical trading floor to conduct business? Robert Siegel asks that question of Professor Jeremy Siegel of the Wharton School at the University of Pennsylvania.
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