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    Superstorm may end up slowing US economy slightly, pushing gas prices up

    WASHINGTON - Superstorm Sandy could mean a slower economy and higher gas prices in coming months, though reconstruction will help cushion the economic blow.

    The storm will end up causing about $20 billion in damage and an additional $10 billion to $30 billion in lost business activity, according to IHS Global Insight, a forecasting firm.

    That could subtract about 0.6 percentage point from U.S. economic growth in the October-December quarter, the firm says.

    Some forecasters are more optimistic. Paul Ashworth of Capital Economics says the overall hit to the economy will likely be "very modest."

    The storm cut power to more than 8 million homes, shut down 70 per cent of East Coast oil refineries and inflicted unexpected damage in the New York area, which produces about 10 per cent of U.S. economic output.

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    • Cycling-Road-Giro d'Italia points classification after stage 18

      May 23 (Infostrada Sports) - Points Classification Giro d'Italia after Stage 18 on Thursday 1. Mark Cavendish (Britain / Omega Pharma - Quick-Step) 113 2. Cadel Evans (Australia / BMC Racing) 109 3. Vincenzo Nibali (Italy / Astana) 103 4. Carlos Betancur (Colombia / AG2R) 94 5. Mauro Santambrogio (Italy / Vini Fantini) 89 6. Giovanni Visconti (Italy / Movistar) 86 7. Rigoberto Uran (Colombia / Team Sky) 86 8. Elia Viviani (Italy / Cannondale) 72 9. Ramunas Navardauskas (Lithuania / Garmin) 65 10. Giacomo Nizzolo (Italy / RadioShack) 61

    • No Wonder Republican Criticism of Obama Isn’t Working

      Henny Youngman, the late borscht belt comedian, told hundreds of politically incorrect jokes. One of them was his response when asked, “How’s your wife?” “Compared to what?” he’d say.

    • Trayvon Martin texts, photos: Might they change Zimmerman trial?

      Ultimately, many of the photos and cellphone records of Trayvon Martin released online Thursday by George Zimmerman’s defense attorneys – indicating that the slain teenager smoked marijuana, got into fights at school, and had an interest in, and perhaps access to, guns – may be ruled inadmissible in court. But they are already making the rounds in the court of public opinion, which can influence everything from fundraising efforts to the mind-set of potential jurors in Mr. Zimmerman's murder trial.

    • Rare Superman comic found in house insulation

      It's considered the Holy Grail of comic books: Action Comics No. 1 from 1938, featuring the debut of Superman. And David Gonzales found one mixed in with old newspapers insulating a wall in a house he ...

    • Magnitude 5.7 quake strikes Northern California

      (Reuters) - A magnitude 5.7 earthquake struck Northern California on Thursday, according to the U.S. Geological Survey. The epicenter of the quake was 6 miles northwest of the town of Greenville, and near the smaller community of Canyondam, the USGS said. There were no immediate reports of injuries. Allen Shephard, a hunting and fishing guide at Quail Lodge at Lake Almanor in Canyondam, said the quake knocked him "right off the couch and onto the floor." The floor of the lodge was littered with broken dishware, and cabinets were in disarray, said Shephard, 62. ...

    • California reveals prices for health insurance under Obamacare

      By Sharon Bernstein LOS ANGELES (Reuters) - California unveiled prices on Thursday that consumers will pay for a selection of health plans offered through the state under the Affordable Care Act, providing a glimpse into how health care reform may look as it is rolled out across the nation. Under the federal health care reform law, Californians who do not get or cannot afford health insurance through their jobs can buy coverage through an exchange, at a group rate negotiated by state regulators. ...

    • Michelle Obama vacation: Will critics slam this trip too?

      Michelle Obama and daughters Sasha and Malia are looking at an extended vacation on Martha’s Vineyard this summer, according to a report in The Boston Globe. The Globe might have something here – it’s almost a local Vineyard paper, after all.

    • Stockholm is burning: Why the Swedish riots bode ill for Europe

      Rampaging immigrant youths have upended the country's reputation as a prosperous refuge

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