Two Manhattan Mini-Storage facilities in Chelsea experienced significant basement flooding due to Hurricane Sandy, though many of their customers only learned of the damage a week later, when they showed up to find their belongings water-logged, moldy, and often piled on the sidewalk. (An e-mail sent to customers warned that “the continued presence of these items in the building now represents an immediate health and safety threat.”) Film producer and director Mira Chang told the New York Post that she’d archived her entire life’s work in a $90-a-month basement unit. “I realized all of that was gone,” she said. Manhattan Mini-Storage probably isn’t going to come up with a funny ad for this one.
It’s the lowest level since the crisis started but the 20th week of over a million jobless claims.
Bottom line: A lot of layoffs are becoming permanent at this point.