collapse

Survivor Pulled from Bangladesh Factory Rubble After 17 Days Trapped

Max Read · 05/10/13 06:41AM

Just hours after the official death toll passed 1,000, rescue workers could be heard cheering at the site of April's horrific garment factory collapse in Bangladesh. Something amazing had happened: A survivor, who'd survived 17 harrowing days trapped under rubble, had been found and rescued.

Illegal Building Collapse Kills 45, Injures 50 Near Mumbai

Max Read · 04/05/13 07:27AM

An illegally-constructed, half-completed building in the Mumbai suburb of Thane collapsed on Thursday evening, killing at least 45 people, including several children. Over 50 people were injured, and more than 20 are still missing; rescue workers, wielding construction equipment and driving bulldozers, are still at the scene, attempting to dig out possible survivors. Police, meanwhile, were trying to track down Jamil Qureshi and Salim Shaikh, the two builders who had illegally constructed the seven-story building and used substandard materials to do so. Of the dead, seven were construction workers from West Bengal, staying in the building as they added an eighth story—making it fully twice as high as zoning regulations are said to have allowed. "The entire incident reeks of corruption at many levels and in many departments," Anant Rangaswami writes at First Post. "From the local civil authorities who allowed the building to come up, to the electricity department which made connections available, to the water department which provided connections, to the local police station which failed to see something wrong, to the local politicians who seem not even to have noticed the illegal building coming up, to buyers of space in the building, which, if unauthorized, would not have registered the purchases." Prithviraj Chavan, the chief minister of the state of Maharashtra, visited the site of the accident on Friday. [NDTV | Guardian | First Post]

Real Estate Market Collapse: Now Coming to the Nice Cities

Hamilton Nolan · 02/14/11 11:05AM

Even during the worst days of the collapse of the housing bubble (Sundays through Saturdays), it was widely assumed that the real pain would be confined to Vegas, and Florida, and other places where people woke up and realized that they'd just paid $1.3 million for a particleboard McMansion in the middle of a desert and/ or swamp.

Ravi Somaiya · 12/08/09 05:49AM

Who gets affected most by troubles in rich-people place Dubai? Poor people.

Things Could Be Worse: Asteroids That Almost Killed the Earth

ian spiegelman · 10/11/08 09:33AM

Yeah, this whole Depression thing sucks miserably. But have a little perspective. It's a miracle that we're even here at all. Huge, angry balls of ice and rock have been soaring through space trying to kill us forever. But they have failed every single time! Well, okay, they nailed the dinosaurs, but dinosaurs were too big and stupid and we needed their flesh for fuel. Anyhoo, here, courtesy of the Discovery Channel, are just a few of the heavenly bullies that have failed in their dastardly plans to wipe out life on earth. 1. Asteroid: Tunguska event Year: 1908 Proximity to Earth (number of times Earth/Moon distance): Exploded metres above ground in the Russian wilderness In a nutshell: This asteroid or comet fragment was thought to have burned and flattened trees with a 10-15 megaton explosion just before it would have made landfall. Scientists estimate such an event happens every 300 years or so. 2. Asteroid: 1937 UB Year: 1937 Proximity to Earth (number of times Earth/Moon distance): Twice the distance from the Earth to the Moon In a nutshell: Long before this asteroid could have been detected in time—at the time—it passed razor-close to Earth—it's diameter? 1.2 km—more than enough to cause plenty of worldwide damage. 3. Asteroid: 4581 Asclepius (1989 FC) Year: 1989 Proximity to Earth (number of times Earth/Moon distance): 700,000 km (About twice the distance from the Earth to the Moon) In a nutshell: Most frighteningly, this 1 km-wide asteroid passed precisely where the Earth had been only six hours before. 4. Asteroid: 2002 MN Year: 2002 Proximity to Earth (number of times Earth/Moon distance): 0.3 (120,000 km) In a nutshell: This passed inside the Moon's orbit, missing Earth by a wide margin within the orbit. That's good news, as the 80-metre-wide asteroid would have caused damage over 2,000 square kilometres if it actually made contact with Earth. 5. Asteroid: 2002 FH Year: 2004 Proximity to Earth (number of times Earth/Moon distance): 0.1 (42,000 km) In a nutshell: LINEAR, the asteroid tracking robot telescope showed this 30 metre object would pass within the ream of some earth-orbiting satellites - the closest pass ever predicted up to this point. Well, that's the good news. The bad news? More are on the way!

Apartment Wrecked in Crane Collapse Belonged to Disaster Commissioner

ian spiegelman · 06/01/08 11:45AM

One of the apartments destroyed in the crane collapse that killed four on Friday belonged to John Odermatt, the former commissioner of New York's Office of Emergency Management. In his old job, he was responsible for coordinating the city's response to 9/11 and the blackout. Below, a video tour of his ravaged domicile.

Jim Cramer Defends His Position, Is Still Hated

Hamilton Nolan · 03/17/08 04:32PM

"Mad Money" host and bug-eyed madman Jim Cramer went on CNBC today to clarify his statements from last week about Bear Stearns, when he urged people not to move their money out of the firm. As we pointed out earlier in his defense, he was not referring to the company's stock, and his advice was actually perfectly sound. "Do you know what would happen on this show if I came out and said I want everyone to take their money out of X bank?" he ranted today. "Jim Cramer causes a run on X bank!" As it turns out, the run on the bank happened anyways. This video, originally posted on YouTube, features Cramer's defense today along with some, ahem, editorial comments against him; we have to say we still agree with him in this particular case. Although we would never take his stock tips. Click to watch the clip.