States from North Carolina north to New England continue to cope with the aftereffects of Hurricane Irene, as we reported earlier. The Associated Press says 2.5 million customers still don't have power and that the death toll now stands at 44 people in 13 states. Flood waters continue to be huge problems in New Jersey and states to the north.
Meanwhile, other stories making headlines include:
While Hurricane Irene may, according to The New York Times, "prove to be one of the 10 costliest catastrophes in the nation's history," the recovery efforts as work gets going to repair the estimated $7 billion to $10 billion in damages are not going to give the overall U.S. economy a much-needed lift, our Planet Money colleague Adam Davidson says.
Sallee Tee's restaurant in Monmouth Beach, N.J. was flooded following Hurricane Irene.
Credit Courtesy of Andrew West
Many of the places in Hurricane Irene's path were big tourist destinations: North Carolina's Outer Banks; Cape Cod; Ocean City, Md. Some businesses in those areas escaped relatively unscathed, allowing managers to breathe a sigh of relief and hope for a big turnout on Labor Day weekend.
Others weren't so lucky — places like Sallee Tee's Grille, blocks from the ocean in Monmouth Beach, N.J. It's a big operation that serves everything from jumbo sea scallops, to deli fare, to sushi.
When Texas Gov. Rick Perry was asked about Social Security during a campaign stop in Ottumwa, Iowa, last weekend, he didn't mince words. He suggested that younger workers who are required to pay into the retirement system are the victims of a government swindle.
"We need to have a conversation with America, just like we're having right here today, and admit that is a Ponzi scheme for these young people," Perry said. "The idea that they're working and paying into Social Security today, the current program, that it's going to be there for them, is a lie."