9 Killed in California’s Worst Wildfire in a Century; Kim Kardashian, Other H'wood Stars Forced to Vacate Homes

Agencies
November 10, 2018

Paradise, Nov 10: Wildfires burned out of control on Friday across California, killing at least nine people in a mountain town and forcing residents to flee the upscale beach community of Malibu in the face of a monster fire storm.

All nine victims were found in and around the Northern California town of Paradise, where more than 6,700 homes and businesses were burned down by the Camp Fire, making it one of the most destructive in state history, according to California Department of Forestry and Fire protection data.

"This event was the worst-case scenario. It was the event we have feared for a long time," Butte County Sheriff Kory Honea said at a Friday evening press conference. "Regrettably, not everybody made it out."

The remains of five of the victims were discovered in or near burned out cars, three outside residences and one inside a home, Honea said.

Another 35 people had been reported missing and three firefighters had been injured.

The flames descended on Paradise so quickly that many people were forced to abandon their cars and run for their lives down the sole road through the mountain town.

A school bus was among several abandoned vehicles left blackened by flames on one road.

The Camp Fire, which broke out on Thursday at the edge of the Plumas National Forest northeast of Sacramento, has since blackened more than 90,000 acres and was only 5 percent contained as of nightfall on Friday.

A total of 6,453 homes had been destroyed in Paradise and elsewhere, Honea said, along with 260 commercial buildings. The Tubbs Fire, which destroyed 5,636 structures in Napa and Sonoma counties in October 2017, is listed by Cal Fire as the most destructive in state history.

FIRE BURNS TOWARD MALIBU

In Malibu, some 500 miles (800 km) to the south, flames driven by hot Santa Ana winds gusting up to 50 miles per hour (80 kph) raced down hillsides and through canyons toward multi-million dollar homes.

Thousands of residents packed the Pacific Coast Highway to head south or took refuge on beaches, along with their horses and other pets.

Among those force to flee the Woolsey Fire, which had charred some 35,000 acres (14,164 hectares) as of Friday afternoon, were celebrities, including Lady Gaga and Kim Kardashian, who said on Twitter flames had damaged the home she shares in nearby Calabasas with Kanye West.

"Fire is now burning out of control and heading into populated areas of Malibu," the city said in a statement online. "All residents must evacuate immediately."

Malibu and Calabasas, west of Los Angeles, are home to hundreds of celebrities and entertainment executives attracted by ocean views, rolling hills and large, secluded estates.

The blaze, which spewed massive plumes of thick black smoke, also threatened parts of the nearby town of Thousand Oaks, where a gunman killed 12 people earlier this week in a shooting rampage at a college bar, stunning the bucolic Southern California community with a reputation for safety.

The Woolsey Fire broke out on Thursday and quickly jumped the 101 Freeway in several places. On Friday, it climbed over the Santa Monica Mountains toward Malibu.

Authorities were forced to shut down the 101, a major north-south artery, as well as the Pacific Coast Highway. Los Angeles County Fire Chief Daryl Osby said a "significant number" of homes had been destroyed by the flames but that an accurate count could not yet be made.

Elsewhere, the Hill Fire in Ventura County's Santa Rosa Valley had charred about 6,000 acres (2,428 hectares) as of Friday evening, according to Cal Fire.

In Los Angeles, another, smaller fire in Griffith Park forced the Los Angeles Zoo to evacuate a number of show birds and some small primates on Friday as flames came within less than 2 miles (3 km) of the facility, zoo officials said in a statement.

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News Network
April 13,2020

Manila, Apr 13: The Asian Development Bank (ADB) on Monday tripled the size of its response to novel coronavirus disease (COVID-19) pandemic to 20 billion dollars and approved measures to streamline its operations for quicker and more flexible delivery of assistance.

The package expands ADB's 6.5 billion dollars initial response announced on March 18, adding 13.5 billion dollars in resources to help ADB's developing member countries counter the severe macroeconomic and health impacts caused by COVID-19.

The 20 billion dollar package includes about 2.5 billion dollars in concessional and grant resources.

"This pandemic threatens to severely set back economic, social, and development gains in Asia and the Pacific, reverse progress on poverty reduction and throw economies into recession," said ADB President Masatsugu Asakawa.

"Our expanded and comprehensive package of assistance, made possible with the strong support of our board, will be delivered more quickly, flexibly and forcefully to the governments and the private sector in our developing member countries to help them address the urgent challenges in tackling the pandemic and economic downturn," he said in a statement.

ADB's most recent assessment released on April 3 estimates the global impact of the pandemic at between 2.3 and 4.8 per cent of gross domestic product. Regional growth is forecast to decline from 5.2 per cent last year to 2.2 per cent in 2020.

The new package includes the establishment of a COVID-19 pandemic response option under ADB's countercyclical support facility.

Up to 13 billion dollars will be provided through this new option to help governments of developing member countries implement effective countercyclical expenditure programs to mitigate impacts of the COVID-19 pandemic, with a particular focus on the poor and the vulnerable.

Grant resources will continue to be deployed quickly for providing medical and personal protective equipment and supplies from expanded procurement sources.

Some 2 billion dollars from the 20 billion dollar package will be made available for the private sector. Loans and guarantees will be provided to financial institutions to rejuvenate trade and supply chains.

Enhanced microfinance loan and guarantee support and a facility to help liquidity-starved small and medium-sized enterprises, including those run by female entrepreneurs, will be implemented alongside direct financing of companies responding to or impacted by COVID-19.

The response package includes a number of adjustments to policies and business processes that will allow ADB to respond more rapidly and flexibly to the crisis. These include measures to streamline internal business processes, widen the eligibility and scope of various support facilities and make the terms and conditions of lending more tailored.

All support under the expanded package will be provided in close collaboration with international organisations, including the International Monetary Fund, World Bank Group, World Health Organisation, UNICEF, other UN agencies and the broader global community.

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Agencies
July 17,2020

Washington, Jul 17: US President Donald Trump's economic adviser Larry Kudlow has said that TikTok may cut off ties to its Chinese parent and become a 100 per cent American company to circumvent demands to ban it as India has done.

"I think TikTok is going to pull out of the holding company which is China-run and operate as an independent American company," he told reporters at the White House on Thursday.

The US has not made a final decision on whether to ban it - which has been suggested by Secretary of State Mike Pompeo, he said.

TikTok being divested by ByteDance Technology Company "is a much better solution than banning or pushing away", said Kudlow, who is the Director of the National Economic Council.

He said that its services will be located in the US and "it will become an hundred per cent American company".

If it becomes a US company without Chinese links, India may have to reconsider the ban on the short video app wildly popular in the country.

India banned TikTok along with 58 other Chinese apps on June 29 citing threats to its defence and national security.

The ban came after a deadly clash between Indian and Chinese troops along the Line of Actual Control in Ladakh.

Under Beijing's National Security Law, all Chinese companies have to provide intelligence requested by the government, creating risks for users and their countries.

India was TikTok's biggest market outside of China, where it operates as Douyin.

There were about 200 million users in India and over 300 million downloads.

The US comes next with over 30 million users for the app.

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News Network
February 14,2020

London, Feb 14: Five years ago Britain’s new finance minister Rishi Sunak wasn’t even a member of parliament and now he is running the world's fifth largest economy.

The 39-year-old former Goldman Sachs banker was appointed in dramatic fashion on Thursday when incumbent Sajid Javid unexpectedly quit — in a row over advisers — during what Downing Street had cast as a routine ministerial reshuffle.

Sunak is married to the daughter of Infosys co-founder NR Narayana Murthy, and was hand-picked to take over an ultra-safe seat in northern England, previously represented by former Conservative Party leader William Hague. The Murthy family was not reachable for comment.

In July, when he was promoted chief secretary to the Treasury, Murthy had said: “Our advice to our children, including Rishi, has been to work hard, be honest, and do good for society…We wish him well.”

After Thursday’s announcement, Sunak said: “Delighted to be appointed... Lots to get on with.”

Tipped for Promotion

As Boris Johnson moves to increase control of the finance ministry, one of the youngest chancellors in history will face a prime minister who wants to increase government spending on everything from infrastructure and police to health and education.

Sunak, seen as a rising star in the ruling Conservative Party since he entered Parliament in 2015, had been tipped for promotion to a senior post in the ministerial rejig as Johnson put together his post-Brexit cabinet.

But, despite an already rapid ascent through the ranks of government, few expected the Oxford University Politics, Philosophy and Economics graduate to ascend to one of the highest offices in the land.

Sunak had been serving as Javid’s deputy in the finance ministry since Johnson promoted him upon taking office in July 2019. Prior to that he had served as a junior housing minister.

“From working in my mum’s tiny chemist shop to my experience building large businesses, I have seen first-hand how politicians should support free enterprise and innovation to ensure our future prosperity,” Sunak says on his website.

Smooth and loyal

Seen as a smooth media performer and ultra-loyal member of the Conservative Party, Sunak has been used by the government to present and defend their policies in television interviews — a sign of trust from Johnson, who has a fraught relationship with Britain’s media.

Sunak takes control at a critical juncture for Britain’s $2.7 trillion economy. He will have to steer the economy through the turbulence of leaving the European Union and the forging of new trade links that will define Britain’s new relationship with the world.

However, the power struggle that forced his predecessor Javid to quit hints at a more diminished role for what is the second most powerful position in the government — with Johnson’s office wanting to centralise control and minimise dissent.

Sunak is one of the three ministers of Indian origin in Johnson’s cabinet, the other two being Priti Patel and Alok Sharma. Patel remains the interior minister after the cabinet reshuffle while Sharma, a former minister for international development, was appointed the new minister for business. Sunak’s father was a doctor and his mother ran a chemist shop. Before entering politics he worked for Goldman Sachs and a hedge fund, then co-founded an investment firm. He also has an MBA from Stanford University.

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