Detailed text transcripts for TV channel - FOXNEWS - 20111029:22:24:00
People all across the east coast have lost their power as a result of this storm. but a state of emergency declared in new jersey. be safe on the roads and we'll keep following this for you. >> arthel: meantime, there is a new warning about the future of american innovation, venture capitalist, who has been dubbed the queen of the internet, saying america's edge over global technology could be at risk and that the stumbling economy may be to blame. for more on how the u.s. can get back ton track, let's bring in rich, former managing director at morgan stanley and current ceo of richard desalvo...