Historic Storm Hits The US
A historic storm is set to hit the Northeast region of United States according to the National weather Service.
Snow is slowly hitting the areas that are in direct path of the storm. The temperatures are almost freezing and the wind gusts are reportedly getting stronger by the hour.
The mayor of New York City warns the inhabitants of the city to prepare for the worst.
The National Weather Service cautioned the Americans living in the Northeast coast to that the storm can be life threatening. The weather agency also described the storm to be historic. The worst of the storm will be experienced Monday night to Tuesday.
It is expected that the storm will bring about 3 feet deep of snow. It will also carry strong gusts of wind possibly reaching to 70mph along with freezing rain.
Economic impact of the storm
The blizzard expected to hit the US will leave economic damages to the states affected by it. Retail businesses will take a very big blow of the destructive natural occurrence. It is estimated that retailers will lose at least 85 percent of their business in the worst case scenario. This is a devastating $1 billion impact in the Northeast region.
Stores will have to close down as well as offices in the private and public sectors. The working population will lose their hourly pay. Slippery and snow covered roads will also increase accidents.
On the other hand, the storm could potentially bring bigger revenue for some business establishments. People are expected to hit the grocery stores to buy food and necessary provisions during the storm. Supermarket sales are expected to increase as well as sales in gasoline stations and hardware stores. Shovels, ice scrapers, snow blowers and gas to run this item are expected to be in demand. Snow removal services will also be cashing in big in the aftermath of the storm.
Political impact of the storm
The historic storm is also set to test the leadership skills and ingenuity of the governors in New Jersey and New York. After experiencing the brunt of hurricane Sandy in 2012, these leaders are about to face another nightmare with this life threatening storm.
Both governors have already declared state of emergency for their respective states as the storm approaches.