Sunday is a light air travel day, but by Monday the effects of the furloughs should start to "snowball, " creating an air travel mess the equivalent of having a "Hurricane Sandy in the North and Hurricane Katrina in the South, " said Lee Moak, president of the pilots union.

WSJ: Airlines, pilots sue government to stop furloughs

More recently, Grasso was credited for his "leadership" during the Aug. 14 blackout which, by the following Monday, had no lingering effects.

FORBES: Grasso Overpaid By Any Measure

Venezuelan president Hugo Chavez appeared before cameras on Monday sporting a shaved head, as the effects of chemotherapy begin to take a toll on his body.

FORBES: Venezuela's Hugo Chavez Shaves His Head Because Of Chemotherapy

Louisiana officials said Monday that at least 279 people have been killed by the effects of Katrina.

CNN: Bush gets ground tour of Katrina damage

Under Monday's agreement, the EU said it will review the policy's effects on member states by May 1, a condition sought by Greece.

WSJ: EU Bans Imports of Iran's Oil, Raising Pressure on Tehran