News 

‘Apocalyptic’…

“Shocking images show the historic St Mark’s Basilica under water – as the regional governor described a scene of “apocalyptic devastation” following the worst floods in 50 years” writes Jacob Dirnhuber for thesun.co.uk. Venice mayor Luigi Brugnaro has called for the city to be declared a disaster zone, warning “the cost will be high.”.  Source: thesun.co.uk

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Demonetisation Disaster Is Still a Mystery. So Who Gained From It?

“Demonetisation was meant to be a crack-down on black money by capping off how much of their unaccounted money these people can stash away” writes Tanzim Pardiwalla for mashable.com. And today, we’re reminded of the demonetisation disaster: The Congress General Secretary might have a point here.Demonetisation disaster that Priyanka Gandhi speaks of led many workers back to their villages and the main reason was the inability to survive in the urbanscape.As per an RBI report, only 0.7% of black money (10,720 crores) was not deposited while the government’s aim was…

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News Stocks 

GrubHub stock is in a free fall after earnings disaster and 5 downgrades

“Food delivery company GrubHub has seen its stock price slashed by over a third after it posted disappointing third-quarter earnings today, reports CNBC “ reports fastcompany.com. As a result of the disappointing Q3 revenue and Q4 forecasts, the stock received five downgrades, causing GrubHub’s share price to plummet.First, GrubHub reported Q3 revenue of $322 million when the Street was expecting $330.5 million.But the thing that spooked investors the most was when GrubHub issued projections for Q4 revenue.As of the time of this writing, the stock is down 37% to roughly…

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WHO assists Iran to enhance health system resilience against floods

“The event brought together a diverse array of international experts and national stakeholders from science, policy and practice to better understand how to work both individually and collaboratively in improving health system resilience to floods” reports tehrantimes.com. The floods also destroyed, either partially or completely, 927 health facilities, disrupting health service delivery at a time when it is needed most.The Islamic Republic of Iran, like many countries, faces emergencies and disasters that have severe public health impacts.It also reveals the country’s commitment to the systematic use of science in policy-making…

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Japanese power company chiefs cleared of negligence

“Three former executives at the company that runs the ruined Fukushima Daiichi nuclear power plant have been acquitted of failing to take action in anticipation of the March 2011 nuclear meltdown, in the only criminal action resulting from the disaster” writes Justin Mccurry for theguardian.com. Prosecutors had accused the former executives of failing to act on information that showed the risks to the plant from a major tsunami.Waves reaching up to 14 metres (46 feet) in height knocked out the plant’s backup power supply, causing fuel inside the reactors to…

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GBP News 

EU businesses warn no-deal Brexit would be disaster

“A disorderly, no deal exit of the UK would be extremely harmful for all sides” writes Midwest Communications Inc for 95kqds.com. BRUSSELS (Reuters) – Britain’s exit from the European Union without a divorce agreement would be a disaster and must be ruled out, Europe’s biggest business organization said on Monday, as EU officials warn this worst-case scenario is increasingly likely.”No deal is a recipe for disaster and should be definitely ruled out. Source: 95kqds.com

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HUD seeks financial probe of Puerto Rico agency set to get $8.2 billion

“They said that Puerto Rico has access to $1.5 billion in disaster relief money but has spent only $1 million” reports washingtonexaminer.com. The administration, under fire from Democrats for holding up the disaster aid, has accused Puerto Rico of vast corruption.Also, the administration wants Puerto Rico to provide it with a blueprint for how it plans to spend the money before it gets it.Carson’s call is holding up the release of $8.2 billion in Community Development Block Grant Program disaster recovery grants.Housing and Urban Development Secretary Ben Carson has asked…

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Amazon countries sign forest pact, promising to coordinate disaster response

“The countries will create a natural disaster network so they can better cooperate in the face of events like large-scale fires, the pact said” writes Midwest Communications Inc for 95kqds.com. LETICIA, Colombia (Reuters) – Seven Amazonian countries on Friday signed a pact to protect the world’s largest tropical forest via disaster response coordination and satellite monitoring, amid recent fires that torched thousands of square miles of the jungle. Source: 95kqds.com

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