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Hurricane Irene rocks upstate New York

While most of New York City was unscathed by Hurricane Irene, the storm made a huge impact upstate in the Empire State. WATCH: Video from CBS-Albany on August 29, 2011.…

Caught on tape: Vermont bridge collapses during flood

This video was captured by a resident of Lower Bartonsville, Vermont, over the weekend, showing the end of a covered bridge as flood water raged below. Flooding in the state forced the closure of over 250 roads so far, and is expected to get worse in the coming days. This…

Obama: Flooding from hurricane could get worse

The massive Hurricane Irene may no longer be mennacing U.S. skies anymore, but that does not mean the storm’s threat is over. Across the U.S. eastern seaboard, communities are struggling with record flooding. President Barack Obama has even warned that it could still get worse. This video is from the…

Small business hiring slows in August, wages dip

WASHINGTON (Reuters) – Hiring by small businesses slowed in August and employers reduced hours, an independent survey showed on Sunday, suggesting the recent stock market turmoil may have dampened job creation. Intuit, a payrolls processing company, said small businesses added 35,000 jobs after increasing employment by 40,000 in July. The…

Economic leaders fear policy paralysis

JACKSON HOLE, Wyoming (Reuters) – The heads of the U.S. Federal Reserve, IMF and OECD stepped up pressure on political leaders on both sides of the Atlantic to shake off their inertia and tackle urgent economic problems. If politicians ignore their pleas — including a blunt call from International Monetary…

Futures gain as normal Wall St operations expected

NEW YORK (Reuters) – Stock index futures jumped on Monday, signaling a strong open on Wall Street, as investors were relieved to see Hurricane Irene caused less damage than feared in New York City over the weekend. The New York Stock Exchange and the Nasdaq will operate as normal, although…

Irene moves to Canada, US damage estimated at $7bln

The remnants of Irene reached Canada Monday after barreling through the northeastern United States where the storm claimed at least 18 lives and caused estimated economic damage of up to $7 billion. Millions of people were without power along the East Coast after the huge storm — now downgraded to…

Guard rescues 21 at flooded New York state motel

NEW YORK (Reuters) – The U.S. National Guard rescued 21 people trapped at a Catskill Mountains motel and campground on Sunday following flooding triggered by Hurricane Irene, authorities said. Residents of Moore’s Motel and Resort in the small Catskills community of Prattsville became stranded after fast-moving water flooded much of…

Soldier kills four, found dead in Pennsylvania

PHILADELPHIA (Reuters) – Pennsylvania authorities hunting for a U.S. soldier accused of killing four people and opening fire on police officers have found the man’s body after he apparently took his own life, police said on Sunday. Police and prosecutors said the body they believed to be of Army Capt.…

New York dodges Irene, 18 killed on east coast

Tropical storm Irene barreled through the northeastern United States, sparing New York city major damage but sparking widespread flooding in several states and claiming at least 18 lives. Millions of people were without power along the coast after the huge storm — downgraded from a hurricane but still packing 50-mile…

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