On balance, Sandy to have negative economic effect: Fed official
NEW YORK (Reuters) - A top Federal Reserve official on Thursday said, on balance, the massive storm Sandy will have a negative effect on the U.S. economy.
Eric Rosengren, president of the Federal Reserve Bank of Boston, cited both the immediate economic harm the storm would cause and the eventual economic boost from the clean-up. But he said the longer-term economic harm would not be "huge."
(Reporting by Tim McLaughlin; Writing by Jonathan Spicer; Editing by Leslie Adler)
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Nelson Mandela: 1918 - 2013
Reuters looks at the life and times of Nelson Mandela, an icon of peace and reconciliation who came to embody the struggle for justice around the world. Video