Glasgow Interactive Watch Closely as Deadly Storm has Affected So Many Businesses & People This Week

Nov. 2, 2012 - PRLog -- Millions of people from Maine to South Carolina lost electricity this week, and an eerily quiet New York City was all but closed off by car, train and air as superstorm Sandy steamed inland, still delivering punishing wind and rain. The U.S. death toll climbed to 60, many of the victims killed by falling trees and Glasgow Interactive were watching closely.

Police and fire officials have fanned out to rescue hundreds. "We are in the midst of urban search and rescue. Our teams are moving as fast as they can," Governor Chris Christie said. "The devastation is some of the worst we've ever seen. The cost of the storm is incalculable at this point." More than 8.2 million people across the East were without power. Airlines cancelled more than 15,000 flights around the world; the storm also disrupted the presidential campaign with just a week to go before Election Day. Sandy will end up causing about $20 billion in property damage and $30 billion more in lost business, making it one of the costliest natural disasters on record in the U.S., according to IHS Global Insight, a forecasting firm. Lower Manhattan, which includes Wall Street, was among the hardest-hit areas after the storm sent a nearly 14-foot surge of seawater, a record, coursing over its seawalls and highways. Glasgow Interactive are staying in close contact with family members and some business partners who have offices on Wall Street as it was announced that the New York Stock Exchange was closed for a second day, the first time that has happened because of weather since the Blizzard of 1888.

Fires have destroyed 100s of houses, hospital have been evacuated, a construction crane that collapsed in the high winds on Monday still dangled precariously 74 floors above the streets of midtown Manhattan, and hundreds of people were evacuated as a precaution. A tanker ship wound up beached on the shore. Most major tunnels and bridges in New York were closed, as were schools, Broadway theatres and the metropolitan area's three main airports, LaGuardia, Kennedy and Newark. Mayor Michael Bloomberg said it was unclear when the nation's largest transit system would be rolling again. Joseph Lhota, chairman of the Metropolitan Transportation Authority, said the subway damage was the worst in its 108-year history. Glasgow Interactive has also seen that Sandy has also brought blizzard conditions to parts of West Virginia and neighbouring Appalachian states, with more than 2 feet of snow expected in some places.  

Glasgow Interactive’s managing director Gilles Baudet  has said “Natural disasters like this one remind all of us that there’s no such thing as too much preparation. The same is true in business: calamities often strike without warning - and there’s no such thing as too much capital”. Hopefully the loss in minimised this week in the wake of this tragic storm.