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Storm Builds Over US East, Promises up to 20 Inches of Snow

More Bank Runs Worry Chinese Regulators, Investors

News Analysis Warning signs are flashing all over China’s banking sector. Chinese regulators have seized and bailed out lenders at an unprecedented pace amidst a surge in bad debt all the while forcing banks to step up lending at increasingly lower interest spreads. It’s a way to keep banks in business but not a recipe for future longevity. Increasing worries about the health of China’s financial system have hit investor confidence in banks and hurt recent capital raising efforts as well. I wrote in August that after three Chinese bank bailouts in three months, more will follow. After a few months of calm, two local bank runs in November have added fuel to the fire. Yingkou Coastal Bank is the latest to suffer a bank run. Yingkou faced a “flash…

A family walks up Front Street during a snow storm in Worcester, Mass., on Dec. 1, 2019. (Christine Peterson/Worcester Telegram & Gazette via AP)

NEW YORK—A storm that snarled Thanksgiving travel across much of the country brought a messy mixture of rain, snow, sleet and wind to the East, slowing the Monday morning commute, closing schools and offices, and canceling or delaying hundreds of flights.

The storm dumped one round of snow on parts of the region late Sunday and could drop 10 to 20 inches total by Tuesday morning from Pennsylvania to Maine, forecasters said. Heavy snow was also possible in the Appalachian Mountains down to Tennessee and North Carolina.

Alana Kirkpatrick didn’t enjoy her 5 a.m. “workout” in Nashua, New Hampshire, which consisted of removing heaps of snow from her car.

“Why do I still live in New England?” she said.

In areas not already bludgeoned by the first wave, schools closed preemptively as rain was expected to turn into snow in the region’s first significant storm of the season, a nor’easter so named because the winds typically come from the northeast.

front end loader piles snow A front end loader piles snow while clearing a parking lot after an overnight snowfall on Dec. 2, 2019, in Marlborough, Mass. (Bill Sikes/AP Photo)

Inland areas appeared to be in for the worst snow, with the forecast in Albany, New York, predicting 6 to 14 inches. Closer to the heavily populated, coastal Interstate 95 corridor, a wintry mix was more likely.

Only 3 inches of snow was forecast for New York City and 5 inches for Philadelphia. Up to 9 inches, though, was possible in Boston by Tuesday night.

New York Gov. Andrew Cuomo told nonessential state employees to stay home Monday, and New Jersey Gov. Phil Murphy decided to close government offices for nonessential employees at noon.

More than 200 flights into or out of the U.S. were canceled Monday morning, with more than 700 delays. Airports in the New York and Boston areas accounted for many of them.

An American Airlines jet taxis down a snow-covered runway after a snowstorm at Denver International Airport An American Airlines jet taxis down a snow-covered runway after a pre-Thanksgiving holiday snowstorm caused more than 460 flight cancellations at Denver International Airport, Colo., on Nov. 26, 2019. (Bob Strong/Reuters)

Tractor-trailers were banned or lower speed limits put in place on stretches of highway in New Jersey and Pennsylvania. New York also posted lower speed limits on some highways.

Many buses from New York City to Pennsylvania and upstate destinations such as Ithaca and Binghamton were canceled.

Dozens of school districts in upstate New York were closed Monday, along with several State University of New York campuses and other colleges.

The trouble began in the East on Sunday as the storm moved out of the Midwest.

State police had responded to more than 550 storm-related crashes across New York by 7 p.m. Icy roads caused crashes on Interstate 84 in Pennsylvania, and ice closed part of Interstate 81 near Binghamton, New York, for a time.

Piles of snow Piles of snow line the streets in Worcester, Mass., on Dec. 2, 2019. (Christine Peterson/Worcester Telegram & Gazette via AP)

The same storm has pummeled the U.S. for days as it moved cross country, dumping heavy snow from California to the Midwest and inundating other areas with rain.

Duluth, Minnesota, is cleaning up more than 21 inches of snow. Major highways reopened in Wyoming and Colorado after blizzard conditions and drifting snow blocked them.

This article is from the Internet:Storm Builds Over US East, Promises up to 20 Inches of Snow

380,000 Hongkongers March to Renew Calls for Freedom and Democracy

Protesters could be heard shouting slogans such as “disband the police force,” and “the heavens will eliminate the Chinese Communist Party, let the entire Party die.” The peaceful march, which was organized by a local netizen who identified himself as Swing, had been granted police approval. But soon after it took off, police interrupted the scene. A sizable force had gathered, with at least nine police vans in the area. At around 4:50 p.m. local time, riot police suddenly charged at protesters at an area near the intersection between Salisbury Road and Nathan Road, which is right before Salisbury Garden. The police fired pepper spray and tear gas, before making at least two arrests. The police then put up a blue flag, declaring that people are engaging in an illegal…