Posts tagged Storms
Severe storms spawn tornadoes in N.C.
Mar 29th
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(CNN) – a broad band of severe thunderstorms Sunday brought heavy rain and hail and tornado warnings led Florida to Virginia, with tornadoes reported in North Carolina, according to the National Weather Service.
At least eight tornadoes was confirmed throughout North Carolina I-85 corridor between Charlotte and Greensboro, with dedicated mobile homes, took down trees and fallen power lines left by the storms, said the weather service.
“It was a very active night for most of central North Carolina,” said Julia Jarema, spokeswoman for the Emergency Management North Carolina.
The storms caused scattered power outages throughout the state, but because of the multiple bands of storms “things are changing so rapidly that we could not confirm the numbers,” Jarema said.
Video shows a portion of the metal roof was an industrial building to boot Belmont, North Carolina west of Charlotte, planting trees next to groups of yellow insulation.
Several mobile homes were overturned in Linwood, North Carolina, a suburb of Lexington, and at least three people were injured, said CNN meteorologist Jacqui Jera.
A video posted on YouTube, purportedly showed sparks from the power lines broken like a huge funnel cloud hangs over High Point, North Carolina, near Greensboro. At least 20 houses were reported damaged in the area said the weather service.
The senior emergency management point of going home 'to house checking for any injuries, according to a spokesman for the fire department.
News14: Tornado touches in Charlotte
Local police reported another tornado north of Greensboro, North Carolina, said the weather service.
The storm also produced winds of 70 kilometers per hour and hail as big as the size of a baseball or tennis ball, Jera reported.
“As the daylight comes really know more about what kind of damage we are facing,” Jarema said.
Storms knock out power in Northeast
Mar 14th
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(CNN) – Heavy rains and winds huracanats that exceeded 70 mph in places falling trees left more than half a million people without electricity and travel suspended in much of the Northeast and Mid Atlantic region Saturday night.
Four inches of rain fell in parts of the region, aof the National Weather Service extended warnings of the storm and flooding to much of the area on Sunday.
“This storm is a good engine that will not likely take until Monday,” said CNN meteorologist Jacqui Jera. “There has to spend another day with heavy rain and strong winds.”
Some areas will see a 1 to 3 inches of rain on Sunday, Jera said, although winds are expected to die up to 30 miles per hour.
The power cuts much darker New York, New Jersey, Pennsylvania and Connecticut.
New Jersey, PSE & G said the company's 136,000 electric customers were without electricity Saturday night, while Long Island Power Authority said about 190,000 customers lacked electricity.
“The ground is so wet from all the snow we had this winter is to help the trees to fall, and our clubs, said Long Island Power Authority Chairman and CEO Kevin Law.” The conditions are still too terrible to get teams out there. ”
The law says that some customers will probably be without power until next week.
With Edison reported 97,000 customers without electricity in NewYork and Westchester County, while other power companies in the region reported tens of thousands more were in the dark.
Amtrak suspended trains between New York and Philadelphia to cable problems and power shortages. Nearly 10 Amtrak trains were affected.
New Jersey Transit stopped the train service for most of its system, including the Northeast Corridor, North Shore, New Jersey, Raritan Valley and Atlantic City rail. A spokesman for New Jersey Transit, said that many trees have fallen on the overhead.
Logan Boston Airport International flights diverted due to bad weather and there were no reports of major delays at airports across the Northeast.
Throughout the region, trees and poles crashing on houses and cars. Part of a crane collapsed at a construction site in Atlantic City, New Jersey.
The New York Police Department took the 911 on Saturday, other carriers to handle the increase in emergency calls.
The Coming Foreclosure and Commercial Real Estate Storms
Feb 27th
When reading the applications of foreclosure fell 10% in January from December, and not too emotional. According to Realty Trac, Foreclosures are at a 15% higher than a year ago and is likely to increase in the activity of executions in the coming months, as shit government program modification of the mortgage remains to failure.
James J. Saccacio, CEO of RealtyTrac noted that “if history repeats itself we will see an increase in number in coming months as lenders exclude loans in arrears or that the modification of existing loan programs or write new venda uncovered on-site works foreclosure alternatives. “In other words, another storm is brewing-the housing market.
The continuing reluctance of banks to tackle the problem of exclusion is surprising. There is almost universal agreement that the reduction of capital is the key, but we are left with lame programs, as announced this yesterday CitiMortgage. The so-called “strategic rather than exclusion,” continues “and pretend to extend” policy that bank lenders have pursued over the last year.
From the banks' point of view, the longer it remains on the hook, it is best for them. Avoid clutter of exclusion that allows them to maintain the fictitious valuations on their books and this new program from Citi, says that some of the costs of carrying the loan funds are transferred without the borrower, which in all probability, will eventually breach . Some experts believe that a new round of foreclosure would cause a double drop in housing prices.
As if the mess of exclusion were not sufficient to keep him in the night, now we are also digesting a new report by the Congressional Oversight Group (which Elizabeth Warren & Co., guard dogs TARP) on the storm coming in commercial real estate market. The report predicts a wave of losses, a total of $ 200 – $ 300 million, commercial real estate loans may “cause economic damage that could touch the lives of nearly all Americans.”
Here's how extreme analysis plays out: &# 8220, when no commercial properties, creating a downward spiral of economic contraction: the loss of jobs, deteriorating facades of shops, office buildings and apartments, and the failure of banks that provide service to these communities. “The report reminds us that the failure of community banks may further restrict access to capital for small businesses, the economic recovery is taking place.
Not even two blades keep potential storms might come.
