Wednesday, October 31, 2012

Cleaning up Sandy's Devastation

As cleanup continues in the aftermath of Sandy, the devastation becomes more apparent. Sixty-four people were killed, in the US, by the storm, bringing the international total to one hundred and thirty-three.

Evacuations remain in place for nearly four hundred thousand in New York City. Well over a million are still evacuated from other locations, as well.

Bellevue Hospital, in New York City, is so badly flooded that the hospital is shutting down for two to three weeks. The waters have blocked the ability to refill the backup generators, and power is gone. All of it's patients are being transferred to other locals. Twenty-one other medical facilities were being evacuated across the city.

Between Staten Island and Woodbridge, New Jersey about three hundred thousand gallons of diesel have leaked into the waters of Arthur Kill. Oil has begun to wash up into nearby creeks, and there are worries for fishing and clamming industries located nearby. Two hundred people are working with the Coast Guard to contain and clean up the spill.

An explosion on Long Island, ended renewed power in the area. It occurred at a Consolidated Edison substation near the East River. Hopes are for the repair to be completed by the weekend.

The New York Stock Exchange reopened Wednesday morning. Limited subway service returned to sections of New York City, on Wednesday evening. Both JFK and Newark began limited flights, Wednesday morning, with La Guardia expected to join them Thursday. Very little flooding remains in the city, according to a spokesman.

New Jersey National Guard troops have been delivering food and water to several areas of New Jersey. Several towns and communities are only reachable by helicopter and water. Much of that area is without any kind of power, and some may not see it for over a week. Waters there have barely begun to recede, normal water heights are not expected til at least next week, either.

Other parts of the north east are cleaning up as well, but it is definitely clear where the worst of the damage occurred.

Siggs Formally Charged Today

Seventeen year old Austin Siggs was formally charged, on Wednesday, in the murder of ten year old Jessica Ridgeway.

He is facing seventeen counts for that case, and for another one which police linked to it.

Eleven of the counts related to the Ridgeway murder, among them are first degree murder, kidnapping, and sexual assault.

The other six counts are for an attempted kidnapping of a twenty-two year old, in May.

His next hearing will be on November 27.

Police Enhance Search for I-96 Shooter

Michigan police are continuing their search for the "I 96" shooter.

There have been twenty-four recorded shootings, over the last two weeks, on or near the interstate.

All of them believed to be carried out by the same man.

He takes pot shots at traffic going the other direction, and luckily has only injured one person.

On Wednesday, police upped the reward, for information leading to an arrest, from $12,000 up to $102,000.

They've also put check points all along that part of the state, searching cars for the gun that has fired the shots.

27 Cadets Injured at the Air Force Academy

Information has been leaked that twenty-seven cadets at the Air Force Academy, in Colorado Springs, were injured last week during what turned into a brawl.

Six of them had to be treated at the hospital, rather than just the Academy's clinic.

For the first snow, every year, it's tradition for the freshmen class to attempt throwing their first sergeant into the snow.

It's unclear exactly how the injuries occurred, but clearly this year's festivities got a little out of hand.

After the leak, Brigadier General Gregory Lengyel released a statement saying, "Our Air Force expects better. I expect better, and I'm confident the cadets will learn and grow from this."

Ameridose LLC Recalling All Products

Ameridose LLC, sister company to New England Compounding Center, has announced a voluntary recall of all of the products that it makes.

No impurities in their products have yet been discovered in testing, by either the company or by the FDA.

The owners of Ameridose also own NECC and are being as careful as they can with their other company.

Concerns are now that the recall will seriously hurt the amount of drugs available to hospitals in the United States.

There had been one previous accusation that Ameridose did not use proper measures to ensure completely sterile products.

Anyone with questions should call the company at 888-820-0622, between 9am-5pm EDT.

NECC is the company who's contaminated steroid injections have killed twenty-nine and sickened 377.

29th Meningitis Related Death

A twenty-ninth person has died from meningitis, as the number of cases rises to 377, including nine cases of joint infections.

Meningitis can take forty-two days to surface, leading to the still growing epidemic. 
All of the illnesses and deaths were caused by a contamination in anti inflammatory steroid shots, most of which were given via the spine.

Seventy-six locations, in twenty-three states, were sent the shots, which were given to as many as fourteen thousand people.

New England Compounding Center made the shots, and has complied completely with government officials who are conducting the investigation.

Officials are investigating at least two other drugs, made by NECC, for possibilities that they too may have been contaminated.

Things are only getting worse for the company, and now the government, as evidence comes out that they had been under investigation, for issues in their processing, since 2002.

Their sister company, Ameridose LLC, which has the same owners, is voluntarily recalling all of their products.

Committed: Romney Sacrificed $2 Billion in His Run for the Presidency

Nathan Vardi’s Forbes magazine article, “Mitt Romney: The Most Expensive Political Career in American History” makes the observation that, “lots of people pay a high price for getting into politics, but no one has likely given up more, at least financially, than Mitt Romney.”

Forbes has estimated that Romney would be worth approximately $2 billion had he remained at Bain Capital instead of running for office. As it was, Romney made the decision to leave Bain, a thriving private equity firm, in 1999 in order to rescue the Winter Olympics in Salt Lake City. He subsequently went on to pursue the political career that eventually led to the GOP presidential nomination.

Romney is currently worth an estimated $230 million, but it is unarguable that he could have amassed a far more abundant fortune had he not left Bain. According to Forbes’ calculations, had Romney stayed at Bain, his stake in the company would be worth $1.5 billion today. Bloomberg pretty much concurs and estimates his stake would be worth $1.32 billion.

Leaving Bain, when he did, was a huge sacrifice, Romney declined a decade of profitable performance fees and Bain’s most lucrative deals, which likely could have brought in another $500 million.

So, had Mitt remained at Bain, Vardi reasons, he would, “probably be worth $2 billion by now.” Additionally, he “has consistently shown that he is willing to sacrifice huge sums of money in order to chase his political dreams,” Vardi adds.

It should also be noted, however, that during Romney’s tenure heading Bain, the firm realized an incredible 173 percent annual internal rate of return on the firms it bought and sold through the end of 1999.

This further demonstrates Mitt Romney’s adept skills in managing a business.  This is key because his initial focus, as president, would be fostering job creation and implementing his plan to jumpstart the economy.

RNC Chairman Reince Priebus reminds us that, “we are in troubled times and we need a strong leader who is ready to tackle our challenges head-on. With too few jobs and a skyrocketing debt, America, more than ever, needs a Mitt Romney.”

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