The following is the text of the Federal Reserve Board’s Fifth District-- Richmond.
Hurricane Earl threatens to derail the Outer Banks’ most successful tourist season in seven years and weaken already depressed property values on the barrier islands off the coast of North Carolina.
Hurricane Irene severed the main traffic artery of North Carolina’s Hatteras Island, trapping thousands of people and forcing an abrupt end to tourist season.
Do those who say they want more infrastructure spending realize that highways are what engineers want to build?
Hurricane Earl, weakening as it moves north toward New England and Canada, disrupted air and rail travel and lashed North Carolina’s Outer Banks with wind and rain.
Judy Aiello and her husband, Michael, settled 20 years ago at the New Jersey shore in a 1950s-era development with their backyard on a lagoon leading to Manahawkin Bay.