A wintry mix of snow turning to slush and freezing rain hit New York and Boston Tuesday, and one meteorologist says a line of snow storms is set to hit the Northeast from now to February.
The BP oil spill has cost the company almost $150 million and counting in compensation for damages to Gulf Coast workers and businesses. But replacing millions in undocumented income from the tourist-driven Gulf economy may prove impossible.
Hundreds of beachgoers told health officials they felt unwell after swimming last week at oil spill-affected Pensacola Beach, Fla. Scientists cite many unknowns about the safety of swimming and working around the spill.
Retail sales for the week ending March 6 rose a robust 2.9 percent from a week earlier. Freed from snow and shovels, and ready for spring, shoppers bust loose.
Heavy snow and high winds added up to a 'snowicane' in New York. After so many winter storms, one meteorologist says, 'I'm ready for spring.'
Effects from a snow storm like the one that blanketed the mid-Atlantic this week can add up to billions of dollars, once lost productivity and sales and emergency road clearing are factored in. But the cost to the overall US economy is likely to be short term.
Retailers took a hit on Christmas shopping sales because of the snowstorm, though online sales surged. The storm also took a financial toll on towns that had to dig into their snowplowing budget early.
Consumers are still hesitant to spend. For the year, retail sales are expected to decline about 3 percent, says the National Retail Federation.