- ‘Operation Normandy’ set to send 3,500 volunteers to border to ‘stop an invasion’
- Netanyahu’s spokesman: Safe to fly to Israel
- Oregon vandals smear cars with doughnuts, pastries, chocolate bars
- Obama’s ‘Katrina moment’ leaves his favorability factor at 42 percent
- Feds tout nearly 200 arrests, $625K in seized cash in Texas border crackdown
- Joy Behar: Sarah Palin should be ‘turning letters over on some game show’
- Rhino poacher in South Africa sentenced to 77 years in jail
- John Kerry defies FAA and flies to Israel to talk peace
- Beretta leaves Maryland over gun laws, heads for Tennessee
- Neal Boortz defends Hillary Clinton for representing child rapist
Sandy takes swipe at nation’s wallet
Question of the Day
As the leading edge of the storm advanced on the mid-Atlantic states, the usually resilient New York Stock Exchange and Nasdaq shut down, and Goldman Sachs and other Wall Street banks activated emergency plans.
“My bias is always to keep the markets open, but this was a pretty easy decision,” Duncan Niederauer, NYSE Euronext CEO, told CNBC on Monday. “What I underestimated was how much people would have to staff up if we were operating electronically.”
Furthermore, Mr. Niederauer said it’s “hard to imagine” that the NYSE would open back up Tuesday.
The NYSE closed for four days in September 2001, but if the NYSE remains closed Tuesday, which at this point is likely, it would be the first two-day shutdown for the exchange due to weather since 1888.
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About the Author
Tim Devaney is a national reporter who covers business and international trade for The Washington Times. Previously, he worked for the Detroit News, Grand Rapids Press, Portland Press Herald and Bangor Daily News. Tim can be reached at email@example.com.
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