Note: This story was originally published on Oct. 30. It was updated on Nov. 1 to include a radio version of the story.
The stock market, according to a popular narrative, is now just computers making superfast trades with other computers. Those pictures of traders getting emotional on the floor of the New York Stock Exchange are an anachronism. The real action flashes through fiber-optic cables headed for servers in places like Kansas City. It's algorithms all the way down.
Originally published on Tue October 30, 2012 12:41 pm
By Scott Hensley
When a storm hits, people count on the local hospital to be ready — no matter what.
But when Sandy slammed into New York City, one of Manhattan's biggest hospitals buckled. After the power went out in Lower Manhattan, New York University Langone Medical Center's backup power generators failed, too.
That led to the evacuation of more than 200 patients to other hospitals, including Mount Sinai Medical Center and Memorial Sloan-Kettering Cancer Center.
Patients were still being moved Tuesday morning, the Huffington Post reported.
Even though Sandy has switched from hurricane to post-tropical cyclone, it's still a formidable storm. The latest forecast predicts strong winds and coastal storm surges up to four feet in some places. Areas from the eastern Great Lakes region to the mid-Atlantic and up to southern New England can also expect an additional inch of rain.