Ahead of the curve: The next 7 days
December 26th, 2010
07:13 PM ET

Ahead of the curve: The next 7 days

With the Last Big Snow Storm of 2010 churning toward the Northeast, the wintry weather is expected to wreak havoc on homeward-bound holiday travelers.  Governors on Sunday declared a state of emergency in Virginia, Maryland and Massachusetts in advance of the approaching storm. The mayors of Philadelphia and Boston also called snow emergencies. Will holiday travelers headed back to the East Coast be able to fly out? Here's a look at this and some of the other stories we plan to follow this week:

Cities dig out after post-holiday blizzard

The Northeast prepared for an advancing storm system as the countdown to the new year began. Blizzard warnings were scheduled to take effect for most of the East Coast north of Washington through Sunday and until Monday night. Because of inclement weather, the NFL rescheduled a game between the Minnesota Vikings and Philadelphia Eagles, originally slated for Sunday night, at 8:20 p.m. Tuesday.

In new land, Zimbabweans fight for new life

Zimbabweans fleeing their country’s repressive regime and disastrous economy have until Friday to legalize their stay in South Africa following an accord between the nations to suspend all deportations of illegal Zimbabwean immigrants.

The agreement comes after many Zimbabweans fled to neighboring countries in 2008 to escape the dire economic circumstances in their homeland. Since September, many Zimbabweans have been lining up outside home affairs buildings across South Africa, even sleeping outside the buildings, to get their study and work permits. Deportation is all but certain for any Zimbabwean found to have not applied for permits on January 1.

Stocks expected to end year on positive note

With a light economic calendar for the last week of 2010, stocks are expected to close strong as consumer confidence and jobless claims move into focus.

Markets have performed relatively well in December.  The blue-chip Dow is up 5%, the Nasdaq has climbed 7% and the S&P has risen 6% so far. All three major indexes are up more than 10% for the year with only a few trading days left.

With no significant economic reports due Monday, here's a snapshot of the final week of 2010:

Tuesday: The Case-Shiller 20-city index of home prices in major
metro areas for October is due shortly after the bell. Economists expect a 0.2% decline after the previous month's 0.59% gain. At 10 a.m. ET, the Conference Board will release a reading on consumer confidence for December. The index is expected to have risen to 56.1 from 54.1 in November.

Wednesday: The U.S. government's weekly crude oil inventories report is
due, along with a report on mortgage applications.

Thursday: The Department of Labor releases its weekly report on jobless
claims before the market opens. The number of Americans filing new claims for unemployment insurance is expected to be lower.

Judge could rule to certify Murkowski's seat

Will the final unresolved election from November be settled this week? Wednesday is the earliest day a federal judge in Alaska could rule on Republican Senate candidate Joe Miller's appeal of write-in candidate Lisa Murkowski's apparent win in the U.S. Senate race.

The Alaska Supreme Court has ruled against Miller, a Tea Party favorite, but he has not indicated he will throw in the towel. Miller’s camp told CNN just before Christmas that they were "reviewing the court's ruling and will be weighing our options."

If Miller chooses not to challenge the court's ruling, a federal judge must lift his ban on the certification of Murkowski as the winner. That judge has not allowed any certification until Miller's challenges have gone through Alaska's courts.

Obsessions for 2010: The year that was

The year in entertainment showed us what we already knew by and large: Coolness is addictive. Obsessions for 2010 included the man your man could smell like.  And who can forget Justin Bieber, who you could also smell like?

And how can we forget the auto-tuned PSA that told you to "hide your wife, hide your kids"?

Stars in controversy were big obsessions in 2010. From the trials and tribulation -  jubilation - of Sandra Bullock to the meteoric, melodic rise of Katy Perry, 2010 proved that we couldn't look away. We didn't want to. We had to retweet it.

soundoff (17 Responses)
  1. Moshe Aron kestenbaum, Williamsburg ODA

    Mr Mayor “Give me back my tax dollars. Sanitation is “Worthless.”Mayor bloomberg dont cash my tax checks . Obviously this snow storm is proving that your a a disaster . 12 babies were delivered in building lobby's in williamsburg alone because EMS had no access, A man dies because no help was available. There is no excuse, Resign and allow competent people to run the show.

    December 28, 2010 at 12:44 pm | Report abuse |
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