Hurricane Katia Could Be A Category 3 Storm By Sunday

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Forming in the same general weather patterns that guided Irene's course up the U.S. Eastern seaboard, Tropical Storm Katia was officially named Tuesday and looks to be headed toward Puerto Rico.

According to the National Weather Service Katia's path is slightly north of Irene's and should put it northeast of Puerto Rico by Sunday.

Currently about 535 miles southwest of the Cape Verde Islands Katia's moving quickly with sustained 40 mph winds and according to the National Hurricane Center could be a powerful Category 3 hurricane by this weekend (via CBS Tampa).

The Center reports Katia will have hurricane intensity by late Wednesday or early Thursday.

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The Best Sites For Tracking Hurricane Irene

  x You have successfully emailed the post. Here's a picture of Hurricane Irene at 1:52 PM EST.

Image: The National Hurricane Center

CNET put together a list of the best sites for tracking Hurricane Irene.

The National Hurricane Center should be your go-to site. It has the latest advisories, maps and satellite images.

Weather.com has a lot of maps, charts, and even storm chasers that will keep you constantly up to speed. MyWeather.com is a similar solution.

Google Crisis Response shows evacuation routes all up and down the east coast.

Stormpulse is a good way to keep up with rapidly changing forecasts.

Mayor Bloomberg posted a NYC evacuation map yesterday. The New York Times has an interactive copy that will let you search your zip code and find your evacuation zone.

Of course, if you want instant news, the best place to search is on Twitter. Hundreds of tweets with the hashtag #hurricane are being written per minute. You can also see photos people have posted of the storm in their area.

For more details on these sites, head over to CNET >>

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Hurricane Trichet Hits Jackson Hole

  x You have successfully emailed the post. Erin Weir is the Senior Economist at the International Trade Union Confederation.

The European Central Bank president does not seem to get it. Far from acknowledging that last month’s interest-rate hike was premature, he touts “price stability.”

His main theme is that the economic divergence between Eurozone countries is comparable to that between American states. From there, he jumps to the non sequitur that what both Europe and the US need is more “structural reform,” specifically deregulation of labour and service markets.

What he misses (or deliberately overlooks) is that the US is a fiscal union, in which transfers help to support hard-hit regions. The lion’s share of public borrowing is done by the central government at low interest rates underpinned by a sovereign currency (regardless of missives from S&P).

The Eurozone’s problem is being a monetary union without any semblance of a fiscal union. Member economies cannot adjust through different monetary policies or fiscal transfers. National governments must borrow at their own interest rates, which reflect a lack of currency sovereignty.

The solution to the Eurozone crisis is for European institutions such as the central bank, which has sovereignty over the Euro, to stand behind the (Euro-denominated) public debts of member states. However, Trichet wants to diagnose the problem as being “over-regulated” labour markets.

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Incredible Pictures Of HURRICANE IRENE Ripping Up The East Coast

Gus Lubin | Aug. 27, 2011, 8:42 PM | 43,583 |   x You have successfully emailed the post.

Abandoned beach front houses are surrounded by rising water as the effects of Hurricane Irene are felt in Nags Head, N.C., Saturday, Aug. 27, 2011 (AP Photo/Gerry Broome)

Image: ap

Around one million have lost power and at least eight have died as Hurricane Irene moves up the East Coast.

Right now New York City is strangely empty after 375,000 were evacuated and most people buckle down at home. The storm is supposed to hit here late Saturday or early Sunday.

If you have pictures to share of this historic hurricane, please send them to GLubin@businessinsider.com.

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IRENE BLOWS: NYC Papers Cover The Hurricane

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Somehow, despite being in a city of 8 million people, the New York Post and Daily News could only find one woman who was appropriately terrified of the hurricane.

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From Whole Foods To Sex Shops In Times Square: What Hurricane Irene Did To Business In New York City

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This nearly-last weekend of summer is usually a big one for New York City's $31 billion tourism industry. 

But Hurricane Irene has changed all that. 

Now that nearly 400,000 New Yorkers have been asked to evacuate, and the rest stayed inside as the transportation system ground to a halt, the landscape looks quite different. 

We took a look at what businesses decided to stay open, which ones offered employees car services, and what New Yorkers prioritize before disaster strikes. 

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The Ultimate Hurricane Irene Playlist

  x You have successfully emailed the post. Twitter is going nuts with Hurricane Irene tweets, probably because everyone on the east coast is isolated and bored.

#Hurricaneplaylist is the second-most trending item, and we surfed status updates for the ultimate music mix.

It's available for your listening pleasure on Spotify (thanks @rosa!)

Tell us any we missed in the comments.

"Rock You Like A Hurricane," Scorpions"Should I Stay Or Should I Go," The Clash"Come Clean [Let The Rain Fall Down]," Hilary Duff"Wind Beneath My Wings," Bette Midler"Bed Intruder Song [Hide Your Kids, Hide Your Wife]," Antoine Dodson"When It Rains It Pours," 50 Cent"Come On [Irene]," Dexys Midnight Runners"Make It Rain," Fat Joe featuring Lil Wayne"The Thunder Rolls," Garth Brooks
"[This Place About To] Blow," Kesha"It's Raining Men," Weather Girls
"Cry Me A River," Justin Timberlake"It's The End Of The World As We Know It," REM"Like A Hurricane," Neil Young"Umbrella," Rihanna
"Survivor," Destiny's Child"Ain't No Mountain High Enough," Marvin Gaye and Tammi Terrell
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The Funniest Tweets About Hurricane Irene

  x You have successfully emailed the post. We admit we're a little spooked by Hurricane Irene, which has already started to hit Manhattan.

A lot of people are making light of it on Twitter; the humor is a welcome distraction.

We found the funniest 140 character commentary on Hurricane Irene to help you ride out the storm.

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MAP OF THE DAY: New York City Hurricane Evacuation Zones

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As Hurricane Irene barrels toward the east coast, thousands of residents have already been evacuated from the coastal villages off North Carolina.  Now New York, New Jersey, and Delaware officials are preparing for the possibility of mass evacuations.  

New York city officials are still monitoring the storm and won't make any calls until Friday afternoon at the earliest whether to evacuate areas of the city susceptible to flooding, including Battery Park City in Manhattan, Coney Island in Brooklyn and Far Rockaway in Queens.

“We don’t have enough information yet to make that call,” Mayor Bloomberg said at a press conference in Queens this morning. “The timing is a bit up in the air, as it is with all these things. Sometime on Friday, late in the day. How many depends on how severe we think the storm is going to be. "

Earlier today, the mayor called the city’s elected officials and its state legislative delegation to City Hall for a briefing with police and emergency-management officials, according to Bloomberg. 

If circumstances do reach worst case scenario, New York City's Office of Emergency Management has hurricane contingency plans in place. Each evacuation zone represents varying threat levels of coastal flooding:

Residents in Zone A face the highest risk of flooding from a hurricane's storm surge. Zone A includes all low-lying coastal areas and other areas that could experience storm surge in ANY hurricane that makes landfall close to New York City.Residents in Zone B may experience storm surge flooding from a MODERATE (Category 2 or higher) hurricane.Residents in Zone C may experience storm surge flooding from a MAJOR hurricane (Category 3 & 4) making landfall just south of New York City. A major hurricane is unlikely in New York City, but not impossible.

Check out the map below: NYC Hurricane Map

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Hurricane Conditions Expected In Carolina Within 36 Hours

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Image: AP

Directed at North Carolina's Outer Banks, the National Hurricane Center's designation means hurricane conditions are predicted within 36 hours.

The Associated Press reports the watch extends from north of Surf City to the Virginia border and accompanies a tropical storm watch for most of South Carolina's coast (via USA Today).

Irene is barreling unhindered through the Atlantic Thursday morning packing wind speeds of 115 mph and approaching the U.S. at about 12 mph.

When the storm hits the coast it's expected to be a Category 4 hurricane with winds of at least 131 mph, but exactly when that will be is the source of speculation for officials deciding when to tell residents to evacuate.

Southern states are not the only ones concerned. On course to pound the northeast, Mayor Bloomberg advised New York City Residents to monitor the Office of Emergency Management.

Northeastern cities could see up to 15 inches of rain as Irene travels north to Maine.

Image: Google Maps

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