NEW YORK (CNNMoney) — Before Superstorm Sandy, some of the hardest-hit areas in New York, New Jersey and Connecticut were experiencing a huge spike in foreclosures. But now that a moratorium on foreclosure activity in these disaster areas has been put in place, the foreclosure problems are about to get worse.
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WASHINGTON — The federal government’s flood insurance program, which fell $18 billion into debt after Hurricane Katrina, is once again at risk of running out of money as the daunting reconstruction from Hurricane Sandy gets under way.
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MONTREAL — The destructive wrath of Hurricane Sandy will help boost recovery in Canada’s forest products industry next year as communities in New York City area and along the New Jersey coast rebuild, the head of Resolute Forest Products said Friday.
“When you look at the devastation it’s mind boggling and it’s going to have an impact,” CEO Richard Garneau said in an interview.
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8:53PM EDT November 1. 2012 – Thanks to Superstorm Sandy, you’ve got cod in your basement, your roof is in your neighbor’s backyard, and your car’s stuck in the mud somewhere in the swamps of Jersey.
You lucky person! You might get a tax break. But it’s not a generous one, and it takes a fair amount of work to get it.
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