Snowstorm coats East, frustrating holiday travel - BusinessWeek

By SARA KUGLER FRAZIER

NEW YORK

A powerful winter storm lay a snow blanket from the South to the Northeast on Sunday, turning roads slick, stranding thousands of airline, train and bus passengers and putting a chill in retailers' day-after-Christmas sales.

Up to 20 inches of snow were expected in some areas, including Philadelphia, where the Eagles-Vikings NFL game was canceled, and Boston, where an aquarium had to protect -- of all things -- penguin ice sculptures from the elements.

Snow started falling around New York City late Sunday morning, by which time nearly 1,000 flights out of the region's three major airports had already been canceled in anticipation of the storm. More cancellations were expected.

"We left the day after Christmas to avoid the Christmas craze. I guess that didn't work out so well," said Colleen James of Montclair, N.J. She, her husband, their two young children and their dachshund were at Newark Airport trying to reach family in Iowa, but their connecting flight to Chicago was delayed more than two and a half hours.

Her husband, Graham James, was resigning himself to postponing their trip a month. "Now we're worried about just driving home because of the crazy snow," Graham James said.

Some flights out of Philadelphia, Boston, Washington, D.C., Baltimore and the Carolinas also were canceled. Amtrak canceled train service from New York to Maine on Sunday evening, after doing the same earlier for several trains in Virginia.

Bus companies also canceled routes up and down the East Coast, affecting thousands of travelers.

Kate Lindquist, on her way home from New Hampshire to New York City, was greeted with a handwritten sign at a Boston bus station: "Sorry, we are closed today."

"To have this happen on a Sunday during a holiday weekend is incredibly frustrating," she told the AP in an e-mail.

The Northeast is getting the brunt of the storm. Forecasters issued a blizzard warning for New York City for Sunday and Monday, with a forecast of 11 to 16 inches of snow and strong winds that will reduce visibility to near zero at times. A blizzard warning was also in effect for Rhode Island and most of eastern Massachusetts including Boston, with forecasters predicting 15 to 20 inches of snow. A blizzard warning is issued when snow is accompanied by sustained winds or gusts over 35 mph.

As much as 18 inches could fall on the New Jersey shore with wind gusts over 40 mph.

Philadelphia Mayor Michael Nutter declared a snow emergency as of 2 p.m. Sunday, and he urged residents to stay off the roads.

The NFL moved the Philadelphia Eagles' game against the Minnesota Vikings from Sunday night to Tuesday because of the blizzard. It's the third time this season snow has forced a change of plans for the Vikings. Two of their games this month needed to be relocated because the roof of their stadium collapsed.

In Boston, Mayor Thomas Menino declared a snow emergency that bans parking on all major streets, and the New England Aquarium bubble-wrapped its four 5-foot-tall penguin ice sculptures to protect them from the wind and snow.

More than 2,400 sanitation workers were working in 12-hour shifts to clear New York City's 6,000 miles of streets. Not that Mayor Michael Bloomberg wanted people to use them.

"I understand that a lot of families need to get home after a weekend away, but please don't get on the roads unless you absolutely have to," Bloomberg said.

In Rhode Island, emergency officials encouraged businesses to let employees report to work late Monday, saying road conditions for the early morning commute Monday would be treacherous.

The snow was easier to enjoy for people with no place to go. As the wind swirled snow through the doors of a Brooklyn supermarket, New Yorkers hurried to pick up a few staples before heading back home to hunker down.

"I'm seeing it as a great excuse to stay in and relax and drink tea," said Toni Gifford, who works in academics and has the week off.

"Love snowy days when I don't have to go anywhere. Staying in -- just me and my cozy new socks," author Neesha Meminger wrote on Twitter from her home in the Bronx.

She told the AP she's able to savor the moment because her children, ages 6 and 9, are on holiday break: "If this was during the school week, I would be cursing."

The weather deterred some people from hitting day-after-Christmas sales, but that appeared to be a relatively light blow for retailers coming off a strong shopping season.

"People will just wait a day to do exchanges and use their gift cards. It's no big deal," said Greg Maloney, CEO of the retail practice of Jones Lang LaSalle, which manages malls across the country.

The monster storm is the result of a low pressure system off the North Carolina coast and was strengthening as it moved northeast, according to the National Weather Service.

Travel misery began a day earlier in parts of the South, which was hit with a white Christmas for the record books. Columbia, S.C., had its first significant Christmas snow since weather records were first kept in 1887. Atlanta had just over an inch of snow -- the first measurable accumulation on Christmas Day since the 1880s.

The North Carolina Highway Patrol said late Saturday that most of the roads in and around Asheville were either covered or partially covered with snow and ice.

"We're busy," Ryan Dean of Dean's Wrecker Service in Raleigh, N.C., said Sunday. "We've been out since 3 in the morning pulling people out of the ditch."

The National Weather Service said 8.5 inches of snow fell in Franklinton, N.C., about 30 miles north of Raleigh, from Saturday through Sunday.

Diane Smith, 55, said her power was out for about four hours there Sunday morning, but she and her husband have a generator. Relatives, including two grandchildren, who live nearby came over for breakfast and to get warm before going home after power was restored.

"It's beautiful," Smith said. "As long as I have power, I love it."

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Contributing to this report were Associated Press writers Page Ivey in Columbia; Karen Hawkins in Chicago; Warren Levinson and Verena Dobnik in New York City; David Goodman in Detroit; Jacquelyn Martin and Norm Gomlak in Washington; Michelle Price in Phoenix; Dylan Lovan in Louisville; Ben Nuckols in Baltimore, Eric Tucker in Providence, R.I., and Mark Pratt in Boston.

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Florida Senate Candidates Disagree on Extending Bush Tax Cuts - BusinessWeek

October 24, 2010, 11:52 AM EDT By Phil Mattingly

Oct. 24 (Bloomberg) -- The three Florida candidates for the U.S. Senate, heading into the final week of the 2010 campaign, battled today over the merits of President Barack Obama’s economic agenda and extending the tax cuts implemented under his predecessor, Republican George W. Bush.

Marco Rubio, the Republican nominee and front-runner in most polls, said the Obama administration’s policies have created an atmosphere of uncertainty in which companies can’t commit to hiring new workers.

Businesses “are afraid of what next year is going to mean in terms of taxes, regulation and the health-care bill,” Rubio said today in a debate on CNN’s “State of the Union.”

He ruled out signing onto any compromise that doesn’t extend all the Bush-era tax cuts enacted in 2001 and 2003, which lowered rates on wages and investments for all Americans, and which are due to expire on Dec. 31.

Obama favors extending the tax cuts only for households earning less than $250,000, about 98 percent of all taxpayers. Rubio argued that anything short of extending them for all Americans, poor and wealthy alike, would amount to a tax increase at a particularly vulnerable time for the U.S. economy.

“There’s a difference between compromise and cutting a deal,” Rubio said. “Compromise is a good thing. Cutting deals in Washington, there’s too much of that.”

Rubio, who has received strong support from Tea Party activists, held a 15-percentage point lead over Florida Governor Charlie Crist, who is running for Senate as an independent, and a 21-point advantage over four-term Democratic congressman Kendrick Meek in a poll released yesterday by the St. Petersburg Times, Miami Herald and Bay News 9.

Cards Dealt

Meek defended Obama’s economic strategy, including the stimulus of 2009, as “dealing with the cards we were dealt” by the previous administration and the economic crisis that reached its peak in the fall of 2008.

He said the Bush tax cuts of 2001 and 2003 were designed to be temporary and shouldn’t be extended for the most-well-off Americans.

“There were surpluses,” he said. “There are no longer surpluses. So we’re digging a deeper hole. And what Rubio and also Crist are representing, let’s continue to dig, and trickle- down economics will work for the middle class in creating jobs.”

Crist, running as an independent, straddled the positions of his rivals, supporting a compromise on the tax cuts.

“I want all the tax cuts extended, but sometimes you’ve got to give relief to the people and they deserve it now,” Crist said. “If there’s a way to go ahead and do that in the short term and then after January to push for the other tax cuts, that’s what I think the real solution is.”

‘This Kind of Bickering’

Crist, who dropped his party affiliation in April while trailing Rubio in the Republican primary, said he became an independent because of “this kind of bickering back and forth, not being able to figure out what to do, ideological arguments without common sense.”

Meek shot back: “We know why the governor is running as an independent, because he couldn’t beat Marco Rubio.”

At least five Senate Democrats and all 41 Republicans say Bush-era tax cuts should be extended across-the-board to help the economy recover from the worst recession since World War II.

Democrats control 59 seats in the Senate; party leaders have delayed a vote on their tax plan until after November’s midterm elections, having concluding that, before the balloting, they wouldn’t find 60 votes needed to advance the measure.

Like other incumbents across the U.S., Crist has been blamed by voters for the weak economy. Florida was one of only two states, along with Maryland, to see its unemployment rate rise in August, reaching 11.7 percent, compared with the 9.6 percent national rate, according to the Bureau of Labor Statistics.

The state has the second-highest foreclosure rate in the country, behind Nevada, more than twice the national average, according to RealtyTrac, an Irvine, California-based data provider.

--Editors: Laurence Arnold, Ann Hughey.

To contact the reporter on this story: Phil Mattingly in Washington at pmattingly@bloomberg.net

To contact the editor responsible for this story: Mark Silva at msilva34@bloomberg.net

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Mexico Gunmen Kill 13, Wound 15 at Party in Juarez - BusinessWeek

October 23, 2010, 2:08 PM EDT By Thomas Black

(Updates with interior ministry comment in final paragraph.)

Oct. 23 (Bloomberg) -- Gunmen killed at least 13 people and wounded 15 at a house party in Ciudad Juarez, Mexico, the city across the border from El Paso, Texas, that is besieged by drug- trafficker violence.

Seven of the dead have been identified, and range in age from 16 to 25, and a 9-year-old was among the wounded, according to an e-mailed statement from the state of Chihuahua, where Juarez is the most populous city. There have been no arrests, the statement said.

The gunmen arrived in two vehicles and began shooting at partygoers in two houses in the neighborhood of Horizontes del Sur, according to a preliminary investigation. Authorities received a call related to the incident on an emergency hotline at 10:54 p.m. local time. Police found 70 shell casings at the scene, the statement said.

Juarez has been one of the hardest-hit Mexican cities in a wave of drug-related killings that have exceeded 28,000 since President Felipe Calderon took office in December 2006 and deployed military troops to quell organized crime.

Calderon ordered Interior Minister Jose Francisco Blake to help the state and local governments to maintain order in Juarez and the federal attorney general to assist in the investigation, according to an statement from the Interior Ministry, which is in charge of domestic security. The federal government “energetically condemns” the attack, the statement said.

--Editors: Joe Sabo, Theo Mullen.

To contact the reporter on this story: Thomas Black in Monterrey at tblack@bloomberg.net.

To contact the editor responsible for this story: Joshua Goodman at jgoodman19@bloomberg.net.

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