Tuesday, October 30, 2012

How not to move to a big city (NYC, specifically): Birds of paradise

I've wanted to have a pet bird for a while. Before moving to NYC, I seriously considered adopting one and teaching it to talk/keep me company after getting back from work. I could just bring it with me to my new home, right? Sadly, I came to the realization that even getting a bird is a commitment I wasn't yet ready to make.

Three years later, I'm still sure I made the right choice. But why the hell didn't I buy these bird decals for my wall earlier?!


Lesson #57: you can have it all, even if it's a fake version of it. I don't have 5 birds as pets, but I am reminded daily of how awesome they are on my wall, but without the constantly chirping/screeching reminders. If you can't commit to having a pet, I feel your pain, but don't let it stop you from pretending.

Source: http://hownottomovetoabigcity.blogspot.com/2012/10/birds-of-paradise.html

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China steps carefully with protesting middle class

Chinese police officers monitor residents gathered outside the city government office in Ningbo city in eastern China's Zhejiang province Monday, Oct. 29, 2012. After three days of protests by thousands of citizens over pollution fears, a local Chinese government relented and agreed that the petrochemical factory would not be expanded, only to see the protests persist. (AP Photo/Ng Han Guan)

Chinese police officers monitor residents gathered outside the city government office in Ningbo city in eastern China's Zhejiang province Monday, Oct. 29, 2012. After three days of protests by thousands of citizens over pollution fears, a local Chinese government relented and agreed that the petrochemical factory would not be expanded, only to see the protests persist. (AP Photo/Ng Han Guan)

Workers pedal by the Sinopec Zhenhai petrochemical factory where an expansion was proposed on the outskirts of Ningbo city in eastern China's Zhejiang province Monday, Oct. 29, 2012. After three days of protests by thousands of citizens over pollution fears, a local Chinese government relented and agreed that the petrochemical factory would not be expanded, only to see the protests persist. (AP Photo/Ng Han Guan)

Chinese workers pass by the Chinese characters for Zhenhai refinery outside the Sinopec Zhenhai petrochemical factory where an expansion was proposed on the outskirts of Ningbo city in eastern China's Zhejiang province Monday, Oct. 29, 2012. After three days of protests by thousands of citizens over pollution fears, a local Chinese government relented and agreed that the petrochemical factory would not be expanded, only to see the protests persist. (AP Photo/Ng Han Guan)

(AP) ? A victory by protesters against the expansion of a chemical plant proves the new rule in China: The authoritarian government is scared of middle-class rebellion and will give in if the demonstrators' aims are limited and not openly political.

It's far from a revolution. China's nascent middle class, the product of the past decade's economic boom, is looking for better government, not a different one. They're especially concerned about issues like health, education and property values and often resist the growth-at-all-costs model Beijing has pushed.

The past week's chemical-plant protests reached an unruly crescendo over the weekend, when thousands of people marched through prosperous Ningbo city, clashing with police at times. The city government gave in Sunday and agreed to halt the plant's expansion.

Even so, the protesters did not back down, staying outside city government offices hours after the concession. About 200 protesters, many of them retirees, returned Monday to make sure the government keeps its word on the oil and ethylene refinery run by a subsidiary of Sinopec, the state-owned petrochemical giant.

"In yesterday's protest, the ordinary people let their voices be heard," a 40-year-old businessman who would give only his surname, Bao, said on the protest line Monday. Government officials, he said, "should say they are completely canceling the project. They should state clearly that they will stop doing these projects in Ningbo and the rest of China."

The protest in Ningbo ? a centuries-old trading center of tree-lined streets and canals south of Shanghai now surrounded by industrial development zones ? was well-timed. It came a few weeks before a transfer of power in the ruling Communist Party, and Beijing wants calm nationwide so as not to detract from the leadership transition.

Given that pressure and the fact that many Ningbo officials also have middle-class concerns about air pollution and other quality-of-life issues, the local government found it easier to back off, Peking University sociologist Liu Neng said.

"The government would need lots of courage to insist on keeping this project. The cost would be too high if the protest escalated to another level," Liu said. "Since the 18th party congress is around the corner, it is very important to maintain stability."

The protests underscore the challenge the incoming leaders face in governing an increasingly wealthy ? and wired ? population who are growing more assertive about issues they care about. Democratic movements in places like South Korea and Taiwan started with the middle class, and in Taiwan's case environmental issues featured prominently.

It's not the first time the government blinked in the face of middle-class protesters.

In the past five years, officials in the northeastern port of Dalian and the southeastern port of Xiamen have relented on plans to operate or build petrochemical plants after large protests. In Xiamen's case, worries about declining property values figured as much as health issues.

In 2009, when Beijing ordered computer owners nationwide to install software that supposedly blocked pornography but that people feared was a back door to snooping, a national outcry forced it to back down.

Dalian, Xiamen and Ningbo are among the better-off cities in China. The treatment protesters there received has been gentler than the beatings and large-scale arrests often given to rowdy rural and working-class protesters. Those tend to be larger and more violent, and are seen as more of a direct challenge to the party, which supposedly represents the proletariat.

The recent protests across China against Japan's move to nationalize some islands in the East China Sea were rare cases in which the government tacitly allowed broader demonstrations.

Even among middle-class protesters, officials are not caving in to all demands. In Ningbo's case, the government did not heed protesters' demands for the mayor, Liu Qi, to step down, or for police to release at least seven protesters who refused to heed police orders to leave the area around the government offices.

In the compromises of recent years, the outlines of an unspoken protest compact have emerged: Keep the demonstrations peaceful and focus largely on local issues, and the backlash will be minimal.

The crowds in the Ningbo protests carried smartphones and had mobile Internet connections. Though they often displayed a large dose of skepticism about the party's official rhetoric, they also urged fellow protesters to stay calm and not fight back against police. The government calibrated its response carefully.

After police tried to thwart the Ningbo protesters on Friday night and scuffles ensued, the government backed off. But the clashes angered the public and seemed to galvanize more participants. Police let the protesters gather and shout for hours, positioning hundreds of riot and military police in the city government compound but at first only sporadically deploying them. They let protesters march through the city's busy downtown without incident.

By appealing for peaceful protests, the Ningbo demonstrations attracted thousands of participants, said the writer and prominent social commentator Murong Xuecun, the pen name of author Hao Qun.

"That's a safer way to protest," he said. "If China wants to move toward democracy using a gentle approach it will depend on the middle class."

___

Associated Press researcher Flora Ji in Beijing contributed to this report.

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/cae69a7523db45408eeb2b3a98c0c9c5/Article_2012-10-29-China-Pollution%20Protest/id-1b82154c14344cc4b7395000a6e21dc1

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CSN: From non-roster invitees to Series heroes

DETROIT ? There were two lineup cards in the Giants clubhouse Saturday night, and they did not resemble each other in the slightest.

Manager Bruce Bochy wrote the familiar one. He chose his starting nine for Game 3 at Comerica Park.

Giants hitting coach Hensley ?Bam Bam? Meulens jotted down the other one. His players were 2,400 miles away, in a beach town on the Caribbean coast, and what do you expect? They don?t put off the Venezuelan Winter League just because one of their managers is still busy with the World Series.

When Meulens heads down to join Los Bravos de Margarita in a few days, he should expect the Giants to supply him with a thick stack of papers ? standard uniform player contracts, enough to paper over a hotel room. And maybe a second stack, just to make sure.

Sure, successful organizations build through the draft, they pick the right investments on the free-agent front, they make shrewd trades and they employ minor league coaches who teach prospects how to play the game the right way.

But when the Giants reached the doorstep of the World Series with a 2-0 victory Saturday night, their principal contributors were a well-traveled right-hander and a hustling little left fielder who were neither drafted, developed nor signed to a rich deal that warranted a jersey-lifting news conference.

Ryan Vogelsong and Gregor Blanco signed minor league contracts as non-roster invitees in back-to-back winters, both having caught the club?s eye in the Venezuelan Winter League.

And on a mittens-and-mufflers night in Detroit, they made all the difference as the Giants moved within a victory of what would be the franchise?s first World Series sweep since 1954, when Willie Mays made his iconic basket catch to turn aside the powerful Cleveland Indians.

?I was in Venezuela pitching basically for my life ? for my life in baseball,? said Vogelsong, who had been released from two Triple-A clubs in 2010.

?I was just hoping for a good opportunity to be in the big leagues,? said Blanco, who hit .201 for Washington?s Triple-A affiliate in 2011.

The Giants, starting with Meulens and roving minor league infield coach Jose Alguacil, saw something more.

?He always was a guy who could get on base,? Meulens said of Blanco, who was the league MVP in Venezuela. ?But I saw something different last winter. He was even more patient. He had a knack of hitting left-handers and right-handers. He played defense and he had gap power that would play in out park. That?s why I was intrigued with bringing him on board.?

Blanco played for La Guaira, which was Ozzie Guillen?s former club. Blanco was very close to signing with Guillen?s Miami Marlins to try to win a backup outfield job, but Meulens told him that the Giants would give him a great shot in the spring.

?It was a leap of faith on his part,? Giants vice president Bobby Evans said. ?Nothing was guaranteed and so you have to trust the baseball people that you?re going to get the honest look that you?re promised.?

Blanco insisted that he speak directly with Evans and had his agent dial the number. After a reassuring conversation, he put pen to paper. Then he showed up to Scottsdale and turned every exhibition game into a dazzling display of speed, hard hits and running catches.

?We weren?t two weeks into spring training and he was making our club,? Evans said, laughing.

Meulens was convinced even before that.

?Definitely, the day he walked into camp, I knew this guy would help us out,? Meulens said. ?It?s the way he plays. He?s not afraid to go deep in counts and we hadn?t done that the year before. We needed good at-bats from guys who don?t strike out.

?We?ve seen three good pitchers in this series but we grind at-bats and get their pitch count up and keep the line moving.?

Blanco did that in the second inning against right-hander Anibal Sanchez. He saw a fastball and a curve. He saw a two-seamer that ran and another fastball that cut. He fouled one of them off, and then fouled a changeup, and then Sanchez came back with the one pitch he hadn?t thrown yet. It was a slider, and it caught too much of the plate.

?I was just trying to put the ball in play,? Blanco said. ?Angel Pagan and I talked about that, especially in this park. There is so much room out there. Just put it in play and anything can happen.?

Good things happen when you barrel the pitch and send it 400 feet to the deepest part of right-center field. Blanco?s triple gave the Giants a 1-0 lead, and it made him the first player in franchise history to own two triples in one World Series.

It was emblematic of a team that hit the fewest home runs in the majors but the most triples, who had the second fewest strikeouts in the NL and who strung together hits and kept taking an extra 90 feet to score 718 runs ? far more than the 570 they scored a year earlier. And when they lost Melky Cabrera, who was leading the majors in hits and runs when he was suspended Aug. 15, they found a way to keep going with Blanco as the primary left fielder.

The Giants didn?t make a big offensive splash on the free-agent market last winter. It was these Tigers who did the cannonball in the deep end, signing Prince Fielder to a nine-year, $212 million contract.

But the Giants saw a player a continent away who had some skills and fit their system, and they moved aggressively to get him.

Blanco went to the wall, all right. He sprinted into the left field corner and caught Jhonny Peralta?s fly ball in the narrow space between the foul line and the wall, securing the first of Sergio Romo?s three outs in the ninth.

?I?m thinking, `Two outs to go!?? Romo said. ?He?s not afraid of anything. He?s played that way since he got here. He?s fearless and he?ll go get those balls for you.?

Said Blanco: ?I was full speed, I just put the glove out and the ball pretty much caught itself."

The ball caught itself. So it has gone in this World Series for the Giants, who became the first club to post consecutive shutouts since the 1966 Baltimore Orioles. Their staff boasts two former Cy Young Award winners, as well as the author of a perfect game who started for the NL All-Star team.

But their truest ace is found elsewhere in Vogelsong, whose story just keeps getting better. He competed with stuff that graded a tick below those searing, darting pitches he threw to beat the St. Louis Cardinals twice in the NLCS, or the Reds in that Game 3 in Cincinnati that was their seafloor.

But he competed. He always does that.

?I remember the game when Vogey threw seven shutout innings against my team,? Meulens said. ?I was aware of him from the Pirates, too. But he was a different guy in Venezuela. Was he better than the five starters we had? No, but he could jump in and help us out.?

The Giants had kept in touch with Vogelsong, a former prospect dealt to the Pirates in 2001 for Jason Schmidt, both before and after he went to pitch in Japan. Meulens was one of the major recruiters in getting him to sign with the Giants, after his strong winter in Venezuela led to multiple offers.

Maybe it?s time to give Bam Bam a bonus.

Vogelsong has been more than just a solid starting pitcher and inspirational tale over the past two years. He?s doing historic stuff this postseason.

After holding the Tigers off the board for 5 2/3 innings, Vogelsong became just the fifth pitcher in history to make four starts in a single postseason in which he gave up one run or less. Curt Schilling, John Smoltz, John ?Blue Moon? Odom and Burt Hooton are good company.

And Vogelsong?s 1.09 ERA is the lowest by a starting pitcher in a single postseason, with a minimum of 24 innings, since Orel Hershiser (1.05) for the 1988 Dodgers.

No question: Vogelsong is the Giants? bulldog.

?I didn?t think my stuff was as good as the NLCS, but I really just tried to hit Buster?s glove as many times as I could,? said Vogelsong, who pitched around five hits and four walks. ?And when the guys are playing deep behind you, it encourages you to put the ball in play.

?You know, it?s my first World Series. I?ve been waiting for this since I was five years old, and I wasn?t going to go down without a fight, that?s for sure.?

He had the fight of his life in the fifth inning, after the Tigers loaded the bases with one out on two singles and a walk. Vogelsong struck out Quintin Berry with fastballs up and away. Tigers manager Jim Leyland called it the biggest at-bat of the night, remarking that Berry still had a thought worming through his brain --? that changeup Vogelsong threw him to induce a double play in his previous at-bat.

All apologies to Leyland, but the at-bat that everyone will remember from Game 3 came next.

Miguel Cabrera, who won the first Triple Crown in 45 years, stepped to the plate and he was impossible to avoid. He hit .420 with two outs and runners in scoring position during the regular season. He finished with 44 home runs and 137 RBIs.

Vogelsong had one place to go.

?You know what? You just go with your gut,? catcher Buster Posey said. ?If I put something down and he?s not convinced, he?ll shake. But we were on the same page there.?

Fastball in. Vogelsong threw it and Cabrera nearly flicked it down the right field line. It landed six feet foul.

Some pitchers, spooked, might have gone away with the next pitch. Vogelsong did not. He put his head in the lion?s mouth again.

?He?s the best hitter in the game,? Vogelsong said. ?I was just trying to make a pitch, and the way we were playing defense, just to get him to put a ball in play somewhere. Because I had a good feeling we were going to catch it if he did.?

Vogelsong trusted his defense. He trusted himself.

His inside fastball was just up enough to jam Cabrera, and the game?s most dangerous hitter made the most harmless of outs ? a pop-up to shortstop.

The Tigers, already wearing so much defeat and resignation in their swings, watched as three baserunners drifted listlessly back to the dugout. They did not threaten again. They might never threaten again.

?If you?re throwing the ball in there for strikes, it forces then to swing at it eventually,? Vogelsong said. ?I think it?s vital for any pitcher to establish the inner part of the plate, especially against a lineup that hits for power.?

Said Giants manager Bruce Bochy: ?Very impressive, with the hitters he had to face. But he?s been so good at that all year, and I think that?s what makes him a good pitcher, a quality pitcher. He?s got the ability to ?keep his poise and slow things down, one pitch at a time, and execute. That?s what he did in that situation.

?You appreciate his whole game -- the stuff he has, sure, but also how competitive he is.?

The will to compete is a quality that translates in any league, in any language and on any continent. And when you see it, wherever it?s embodied, you don?t let it get away.

Source: http://www.csnbayarea.com/10/28/12/Vogelsong-Blanco-Non-roster-invitees-to-/nbcsportsgiants.html?blockID=794465&feedID=2796

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Monday, October 29, 2012

Chiseled in Rock: Dear Rocky: The thought of public speaking ...


Dear Rocky,

I'm a writer. I enjoy being alone with my stories. And I'm delighted to report that my my first book will be released in about eight months. All good, right? Wrong!

I listen in awe to so many authors speaking in public, whether at conferences or book signings, and I yearn to emulate them. Comfortable, casual, knowledgeable, best selling (Ha!) - all that and more. But, and believe me, it's a BIG but, the thought of public speaking terrifies me.

When I became serious about writing the need to speak in public never crossed my mind. Now what do I do?

Trembling

---------------------

Dear Trembling:

First, congratulations on your book sale! Well done!

But to the point of your letter. You're not alone in your fear. Public speaking terrifies many folks, especially those who're shy or reclusive, such as writers.

Early in my ?day job? I tackled my fear of public speaking head on, and while I still get hit with a case of dry mouth before an event, my heart no longer tries to climb out of my chest.

A number of lessons learned have stayed with me from the Dale Carnegie classes I attended, the primary one being practice, practice, practice. If you're giving a speech or even a brief presentation, beforehand, retreat to some silent haven to practice your speech out loud. Over and over again. The point isn?t to memorize what you?ll be saying, but rather to wrap your lips and tongue around the words and concepts so you know your material and don?t have to read your speech, which is boring to an audience.

Speaking of your audience, remember, they're on your side. They want you to succeed.

You?ll also find that the more often you speak in front of a group, the easier it becomes. ?So before your big solo events are scheduled, you might want to consider speaking on several panels, so that the focus isn't entirely on you. ?Or offer to speak at a school, where you might be more at ease. ?Again, practice, practice, practice.

Since you're looking forward to book signings and accepting writing awards for many years to come (I hope!), you might want to consider a class on public speaking. Two options are?Dale Carnegie?and?Toastmasters, though there are many other choices.

Best regards,
Rocky

Source: http://chiseledinrock.blogspot.com/2012/10/dear-rocky-thought-of-public-speaking.html

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Source: http://pdfcast.org/pdf/you-need-to-have-to-have-to-no-price-your-self-from-enormous-credit-card-financial-debt-and-uncover

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Hurricane Sandy: 4 ways the huge 'Frankenstorm' is hammering America

Analysis

posted on October 29, 2012, at 7:40 AM

High winds blow sea foam onto Jeanette's Pier in Nags Head, N.C., on Sunday, as wind and rain from Hurricane Sandy move into the area. Governors from North Carolina to Connecticut have declared states of emergency. Photo: AP Photo/Gerry Broome SEE ALL 8 PHOTOS

Hurricane Sandy is churning toward the most populous part of the U.S., and the National Weather Service wants the 60 million people in its path ? mostly on the East Coast ? to take the "extremely dangerous," potentially "historic storm" seriously. If you are reluctant to follow emergency instructions from local authorities, the NWS says, "think about your loved ones, think about the emergency responders who will be unable to reach you when you make the panicked phone call to be rescued, think about the rescue/recovery teams who will rescue you if you are injured or recover your remains if you do not survive." At least 65 deaths in the Caribbean have been blamed on Sandy, but even if no Americans die as a result of this "Frankenstorm," forecasters say it's shaping up to be the proverbial "big one." Here are four ways the massive storm is already roiling the U.S.:

1. Sandy has a third of the country in its sights
The Frankenstorm?is a freak meeting of a northern hurricane, two converging cold fronts, and a full moon, creating a rare, destructive post-tropical cyclone, or nor'easter. Hurricane Sandy is forecast to make landfall in Delaware or southern New Jersey late Monday or early Tuesday, but its wide reach ? hurricane-force winds spreading 175 miles out from the center, and tropical storm?force gales in a radius of 520 miles, likely sending strong winds to every state east of the Mississippi River ? is already being felt from North Carolina to New York. "Although Sandy is a hurricane, it's important not to focus too much on its official category or its precise path," says The Associated Press. Between storm surges of up to 11 feet sloshing into New York Harbor and other parts of the Northeast and mid-Atlantic, a foot of rain and two feet of snow, and hurricane-force winds, there will be lots of messes to clean up after the storm has passed.

2. No trains, planes, or buses for at least a day
Thousands of travelers were stuck in cities from Washington to Boston, or prevented from flying there, as airlines canceled 8,000 flights through Tuesday, with more cancelations likely. Trains aren't an option, either, as Amtrak has suspended nearly all service along the Eastern seaboard. And locally, New York and New Jersey have stopped their commuter rails, cities from New York to Philadelphia to Washington have or will shut down their subways and bus systems. At least some mass transit will resume service in New York City about 12 hours after the storm passes, says MTA chairman Joseph Lhota, but commuters should expect two days of taxis or hoofing it. "I do think Monday and Tuesday are going to be difficult days."

3. Sandy will be expensive
Local businesses and national chain stores in parts of the Northeast will be closed on Monday, and the major U.S. stock and options markets will shut down for at least Monday and Tuesday ? this is the first weather-related full suspension of trading at the New York Stock Exchange since 1985, and the first unscheduled closure since September 2001. Estimates about how much Sandy will cost range from $2 billion to $100 billion. Hurricane Irene, in 2011, caused about $15 billion in damage.

4. Election 2012, scrambled
The freakish superstorm is injecting chaos into the carefully planned final week of the presidential race, with both Obama and Romney shifting or canceling campaign appearances in affected swing states like Virginia and New Hampshire. Romney is beefing up his schedule in Ohio and Wisconsin while Obama canceled a Florida appearance on Monday to instead monitor the storm from Washington. Anything Sandy-stricken governors and mayors need, "we will be there," Obama said Sunday. "And we are going to cut through red tape. We are not going to get bogged down with a lot of rules." So Sandy isn't all bad, says Mike Lupica at the New York Daily News. "This will be one of those moments that transcends the general lousiness of this campaign, that involves the real life of this country that the candidates talk endlessly about, and not the latest tracking poll from Ohio or Florida." For one moment before the election, when "President Obama and not Candidate Obama" visits after the storm, at least one of the two men running for office will ignore the self-important swing states and treat New York like the crucial hub it is, like something more than an ATM.

Sources: AP (2), BuzzFeed, Forbes, New York Daily News, The New York Times, The Wall Street Journal (2), Weather Channel, Wunderground

More Hurricane Sandy coverage:

-Hurricane Sandy: Does it help President Obama politically?

-INTERACTIVE MAP: Follow Hurricane Sandy's progress in real time

-The last 'Frankenstorm': Video of the 1938?nor'easter?that ravaged New England?

Source: http://theweek.com/article/index/235526/hurricane-sandy-4-ways-the-huge-frankenstorm-is-hammering-america

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Stock markets to close Monday, possibly Tuesday

NEW YORK (Reuters) - U.S. stock and options markets will be closed on Monday, and possibly Tuesday, as regulators, exchanges and brokers worry about the integrity of markets and the safety of employees in the face of Hurricane Sandy.

Market participants and regulators decided late on Sunday to shut the market, reversing a plan to keep electronic trading going on Monday. Bond markets will remain open, but will close at noon, a trade group said.

The decision to close stock and options markets came after regulators, exchanges, and dealers discussed the unknowns that would have been tested if the markets opened on Monday, three sources familiar with the situation said.

For example, NYSE Euronext's New York Stock Exchange had initially planned to shut its physical trading floor, which would have meant operating as an all-electronic exchange for the first time.

The decision to shut down the stock markets came after Wall Street had prepared to open for business on Monday with limited staffing after a mass transit shut-down in New York, booking hotel rooms for key employees and leaning on offices in other cities.

Wall Street banks, including Goldman Sachs Group Inc and Citigroup Inc, activated their emergency plans, which many firms put in place after the September 11, 2001, attacks. It was not immediately clear if those plans had also changed.

Some bank offices in lower Manhattan's Financial District are in evacuation zones and most non-critical staff and employees who don't rely on high-speed systems, including some investment bankers, were asked to work from home.

"SUPER STORM"

The storm is expected to slam into the U.S. East Coast on Monday night, bringing torrential rain, high wind, severe flooding and power outages. The rare "super storm" - created by an Arctic jet stream wrapping itself around a tropical storm - could be the biggest to hit the U.S. mainland, forecasters said.

The scramble started early as the threat of the storm forced the New York mass transit system to shut down on Sunday evening, leaving tens of thousands of employees stuck at home.

About 8.5 million commuters use the Metropolitan Transit Authority's transit lines daily, meaning most Wall Street employees would be unable to get to work. New York City Mayor Michael Bloomberg also closed public schools and ordered an evacuation of 375,000 people in coastal areas, including downtown offices of banks such as Citigroup.

The major exchanges and most big trading firms have alternate trading facilities if downtown Manhattan is inaccessible, but the storm's wide path may affect a number of sites in the New York metropolitan area. Authorities have warned of possible widespread power outages that could last for days.

Wall Street was spared the worst of Hurricane Irene in August last year. Officials had feared Hurricane Irene would flood lower Manhattan and cripple business in the world's financial capital, but the flooding was minor and there were no major disruptions at the exchanges.

All of the U.S. exchanges, as well as major broker-dealers, and regulators were involved in the decision to close the markets, according to several executives at exchanges and financial firms.

The U.S. markets have seen three high-profile snafus this year, beginning with the failed IPO of BATS Global Markets, the No. 3 U.S. equities exchange, on its own exchange; Facebook Inc's botched markets debut on Nasdaq's exchange; and a software glitch that cost trading firm Knight Capital well over $400 million, nearly forcing it into bankruptcy.

BOND MARKETS

The Securities Industry and Financial Markets Association said earlier on Sunday it is recommending an early close of noon EDT on Monday for the trading of U.S. dollar-denominated, fixed-income securities. It said its member firms should decide for themselves whether their fixed-income departments remain open for trading.

The foreign exchange market's activity generally follows the fixed income markets.

The New York Federal Reserve has calls scheduled for early Monday morning with dealers to see what each dealer is doing to cope with the storm, and will modify its market activities accordingly.

In Washington, the Commerce Department said it would post its report on personal income and spending for September on its website at 8:30 a.m. as scheduled, even though the federal government was closed.

The Federal Reserve said it would postpone its regularly scheduled releases, including its weekly report on selected interest rates and daily commercial paper data. The Fed said it would release the data when federal offices in the Washington area reopened.

CME Group Inc said it will be closing its U.S. equity index futures and equity index options on futures markets on the trading floor and on CME Globex at 8:15 a.m., Central Time, on Monday. All other CME Group futures and options on futures markets will remain open.

IntercontinentalExchange Inc said trading in the ICE Futures Russell equity index futures and options will close early, at 9:15 a.m. Eastern Time on Monday. It said ICE Clear Credit will close at noon Eastern Time on Monday, with the U.S. fixed income markets. It said all other ICE markets and clearing houses will remain open and follow regular market hours.

WORK FROM HOME

Goldman, whose office in lower Manhattan is in one of the areas to be evacuated, told employees earlier on Sunday that it would open for business, with some staff working from offices in Greenwich, Connecticut, and in Princeton, New Jersey. It also plans to use teams in London and other locations around the world for support.

Citigroup, which has three buildings in the evacuation zone, said "non-critical personnel should invoke their work-from-home strategies."

JPMorgan Chase & Co said its buildings were still open Monday and the bank was planning to be fully operational, using resources in the United States, Europe and Asia.

For many investment bankers and private equity executives, working from home will make the most sense. Blackstone Group planned to close its office on Monday.

Hurricane Sandy also led to some events being canceled or postponed. Citigroup Prime Brokerage postponed a hedge fund event that had been scheduled for Tuesday.

(Reporting by John McCrank, David Gaffen, Caroline Humer, David Henry, Charles Mikolajczak, Richard Leong, Edward Krudy, Lauren LaCapra, Dan Wilchins and Rick Rothacker; Editing by Paritosh Bansal, Jennifer Merritt, Tiffany Wu, Maureen Bavdek, Dale Hudson, Gary Crosse and Robert Birsel)

Source: http://news.yahoo.com/stock-markets-closed-monday-storm-hobbles-york-042724131--sector.html

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