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Hurricane Sandy: Ivy League deadlines; economic jolt from cleanup?

One bonus for students staying home from school during Hurricane Sandy: They’ll have more time to work on their applications to Ivy League colleges.

Universities such as Harvard, Yale, Columbia, Cornell, Pennsylvania and Brown have extended their deadlines, according to their websites.

“With the approach of Hurricane Sandy here on the East Coast of the United States, we want you to be aware of our longstanding flexibility on Early Action and Regular Action deadlines for submitting applications and supporting materials from teachers and guidance counselors,” according to a note from Harvard to prospective students.

PHOTOS: Hurricane Sandy approaches

The tempest, nearly 1,000 miles wide, has forced many other companies and organizations to reshuffle. Thousands of businesses along the eastern seaboard are now closed, according to consultant firm Challenger, Gray & Christmas Inc.

Already, Sandy is “costing the economy millions in lost output, productivity and consumer spending,” the firm said in a statement. But “if there is any silver lining in all the destruction the storm is expected to cause, it’s that such storms tend to provide a boost to the economy in their wake.”

Namely, a surge in employment in construction and skilled trades and a boost in spending as companies and homeowners replace damaged equipment and household items, according to Challenger.

ALSO:

Stock market needs to open Wednesday, NYSE chief says

Airlines waive fees to change East Coast flights as storm nears

Airlines cancel 3,000 flights as Hurricane Sandy nears landfall

Copyright © 2014, Los Angeles Times
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