Mike Shedlock

Hurricane Sandy has moved on but the damage remains. The following picture of Times Square posted on Gizmodo caught my eye. Fortunately, it does not look real. Lights should not be on and there would be debris everywhere.

However, the Metra chairman did say water was "literally up to the ceiling" at one downtown station, so take this image and use your imagination, adding dead rats, debris, and whatever else suits your fancy.

Bloomberg reports the New York Subway System May Take Weeks to Recover From Flooding.

Restoring service on New York subway lines that have been flooded could take weeks, said Mortimer Downey, a former MTA executive director and current board member of the Washington Metropolitan Area Transit Authority.

“From the New York viewpoint, they’ve got a lot of work ahead of them,” Downey said in an interview. “It’s going to be days and possibly weeks.”

He declined to estimate what the recovery may cost because there’s no precedent for the work that will need to be done.

Previous reports said the New York city subway would remain closed for 14 hours to four days.

Unprecedented Challenges

Reuters reports Sandy leaves unprecedented challenges for New York City subways

Mike Shedlock

Mike Shedlock is a registered investment advisor representative for Sitka Pacific Capital Management.

Get the best of Townhall Finance Daily delivered straight to your inbox

Follow Townhall Finance!