'Super volcano' that could kill millions lurks near Italy

August 5, 2012

volcano

Pozzuoli, August 5: Across the bay of Naples from Pompeii, where thousands were incinerated by Mount Vesuvius in 79 AD, lies a hidden "super volcano" that could kill millions in a catastrophe many times worse, scientists say.

The boiling mud and sulphurous steam holes of the area west of Naples known as the Campi Flegrei or Phlegraean Fields, from the Greek word for burning, are a major tourist attraction.

But the zone of intense seismic activity, which the ancients thought was the entrance to hell, also could pose a danger of global proportions with millions of people literally living on top of a potential future volcanic eruption.


"These areas can give rise to the only eruptions that can have global catastrophic effects comparable to major meteorite impacts," said Giuseppe De Natale, head of a project to drill deep under the earth to monitor the molten "caldera".

One such meteorite impact is thought to have caused the extinction of the dinosaurs 65 million years ago when debris thrown into the atmosphere from the huge explosion plunged the earth into darkness.

Scientists plan to drill 3.5 km (2.2 miles) below the surface to monitor the huge chamber of molten rock near Pompeii and give early warning of any eruption from a 13-km-wide collapsed volcanic caldera.

The Campi Flegrei are similar to the Yellowstone caldera in the U.S. state of Wyoming but of more concern because they are in an area populated by around 3 million people in the Naples hinterland.

"Fortunately, it is extremely rare for these areas to erupt at their full capacity, as it is extremely rare for large meteorites to hit the earth," Mr De Natale told Reuters.

"But some of these areas, in particular the Campi Flegrei, are densely populated and therefore even small eruptions, which are the most probable, fortunately, can pose risks for the population," said Mr De Natale, from the Vesuvius observatory at Italy's National Institute for Geophysics and Volcanology.

"That is why the Campi Flegrei absolutely must be studied and monitored. I wouldn't say like others, but much more than the others exactly because of the danger given that millions of people live in the volcano."

However, the project, funded by the multi-national International Continental Scientific Drilling Programme, has run into major opposition from some local scientists who say the drilling itself could cause a dangerous eruption or earthquake.

EXPLOSION

Benedetto De Vivo, a geochemist at Naples University, has said the drilling could cause an explosion.

The Naples city council blocked the project in 2010 but it resumed on the site of an abandoned steel mill at Bagnoli, west of Naples, late last month after the recently elected new mayor, Luigi De Magistris, gave the go-ahead.

Mr De Natale scoffed at the objections, saying that the drilling was perfectly safe and that similar probes had been sent down by mining projects looking for sources of thermal energy in the 1980s and earlier.

"There were dozens of drillings in the past, with much less secure instruments for industrial motives and nobody said anything," he said.

He added that those raising objections were not experts on drilling and that their suggestions of potential earthquakes or escapes of magma or liquid molten rock, had been exaggerated by the local press.

"Some of the things they suggested are laughable," he said, adding that the project's priority will be scientific knowledge and safety of the local population rather than industrial exploitation as in the past.

"We believe the security of millions of people deserves the most powerful methods of inquiry without thinking too much about the economic aspect," he said.

He added that drilling is the only way to discover the geological history of the area because successive eruptions buried previous evidence. The probe has already found volcanic rock from a major eruption 15,000 years ago.

De Natale's team has begun drilling a pilot hole at the Bagnoli site, where a long jetty built to load steel is used by joggers and courting couples enjoying the spectacular Neapolitan sunsets.

The pilot hole is aimed not only at studying the stratification of the area but to establish a deep geological observatory with new instruments which De Natale says are many times more sensitive than those in the past.

"This will increase by a thousand or 10,000 times our ability to detect small episodes that are precursors of future eruptions," he said.

MOVEMENT OF EARTH'S SURFACE

The project also aims to study the cause of a phenomenon known as bradyseism which is a gradual raising and lowering of the earth's surface because of deep volcanic activity. This is episodic but in the latest phase the ground has risen by 3.5 m (yards) in 15 years, the most since medieval times.

This movement forced the evacuation of 30,000 people temporarily from Pozzuoli in the 1980s and a fishing harbour in the old part of the town was completely abandoned.

Once work is complete on the pilot hole, scientists plan to drill much deeper, to around 3.5 km where temperatures are at around 500 degrees C (930 F). But De Natale said this could take another 18 months and the area for the second phase has not yet been decided.

His team has developed new fibre optic sensors able to withstand the extreme heat that would have destroyed earlier electronic equipment.

"We will be able to identify the smallest signs of a future eruption...this is an enormous mitigation of the volcanic risk," he said.

De Natale says there will be no risk of an escape of magma because the molten chamber is at 7-km depth or lower and sensors will give ample warning of temperatures that reach 1,000 degrees C at the molten core.

"We will stop everything if we detect temperatures at 500 degrees...we can close the top of the drilling hole hermetically in a fraction of a second," he said.

Local people are divided on whether the drilling could be dangerous.

"There is a risk that the drilling can lead to a shift of the earth's surface and if that happened, rather than helping to predict future problems, they will be creating them," Pozzuoli student Marco Laporta said.

Many are more sanguine. "Back in the 1980s they said we would all be blown up and we weren't," pensioner Luigi Bruni said.



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News Network
May 28,2020

Geneva, May 28: The global death toll from the novel coronavirus has risen over the past 24 hours by 5,581 to 349,095, the World Health Organization (WHO) said in its daily situation report.

The number of confirmed cases has increased by 84,314 to 5,488,825, the WHO said.

Most cases of infection are recorded in the Americas (North and South America) - 2,495,924, with 145,810 deaths. While Europe has reported 2,061,828 cases and 1,76,226 deaths so far.

As per WHO tally, the US has the highest number of cases in the world with 1,63,4010 infections.

The global health body declared the outbreak of the new coronavirus a pandemic on March 11.

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News Network
May 6,2020

Washington, May 6: At a time when the coronavirus pandemic has squeezed them, multi-national companies in America are laying off workers while paying cash dividends to their shareholders. Thus making the workers bear the brunt of the sacrifices while the shareholders continue to collect.

The Washington Post said in one of its reports that five big American companies have paid a combined USD 700 million to shareholders while cutting jobs, closing plants and leaving thousands of their workers filing for unemployment benefits.

Since the pandemic was declared an emergency, Caterpillar has suspended operations at two plants and a foundry, Levi Strauss has closed stores, and toolmaker Stanley Black & Decker has been planning layoffs and furloughs.

Steelcase, an office furniture manufacturer, and World Wrestling Entertainment have also shed employees.

Executives of those companies told the Post that the layoffs support the long-term health of their companies, and often the executives are giving up a piece of their salaries. Furloughed workers can apply for unemployment benefits.

But distributing millions of dollars to shareholders while leaving many workers without a paycheck is unfair, critics argue, and belies the repeated statements from executives about their concern for employees' welfare during the coronavirus crisis.

Caterpillar, for example, announced a USD 500 million distribution to shareholders April 8, about two weeks after indicating that operations at some plants would stop. The company however declined to divulge how many workers are affected.

"We are taking a variety of actions globally, but we aren't going to discuss the number of impacted people," spokeswoman of the company, Kate Kenny, said in a reply to an email by the Post.

This spate of dividends is also likely to revive long-standing debates about economic rewards.

"There are no hard-and-fast rules about this," said Amy Borrus, deputy director of the Council of Institutional Investors, a group that argues for shareholder rights and represents pension funds and other long-term investors.

Many large US companies choose to issue a regular, quarterly dividend to shareholders, often increasing it, and they boast about these payments because they help keep the share price higher than it might otherwise be. Those companies might be reluctant to announce that they are cutting or suspending their dividend during a crisis, Borrus was further quoted as saying.

But "companies have to be mindful of the optics of paying dividends if they're laying off thousands of workers," she added.

On March 26, Caterpillar had announced that because of the pandemic, it was "temporarily suspending operations at certain facilities." Two plants, in East Peoria, Ill., and Lafayette, Ind., were coming to a halt, as well as a foundry in Mapleton, Ill., according to news reports.

"We are taking a variety of actions at our global facilities to reduce production due to weaker customer demand, potential supply constraints and the spread of the covid-19 pandemic and related government actions," Kenny said via email.

"These actions include temporary facility shutdowns, indefinite or temporary layoffs," she added.

Similarly, Levi Strauss announced April 7 that the company would stop paying store workers, and about 4,000 are now on furlough. On the same day, the company announced that it was returning USD 32 million to shareholders.

"As this human and economic tragedy unfolds globally over the coming months, we are taking swift and decisive action that will ensure we remain a winner in our industry," Chip Bergh, president and chief executive of the company, also told the Post.

Stanley Black & Decker announced on April 2 that it was planning furloughs and layoffs because of the pandemic. Two weeks later, it issued a dividend to shareholders of about USD 106 million.

The notion that a company's primary purpose is to serve shareholders gained prominence in the 1980s but has come under attack in recent years, even from business executives, the newspaper reported.

Corporate decisions to suspend dividends and buybacks are complex, however, and it is difficult to know whether these suspensions of dividend and buyback programs were motivated by a desire to conserve cash in anticipation of bad times, and how much they are prompted by a sense of obligation to employees.

Over recent decades, the mandate to "maximize shareholder value" has become orthodoxy, for many, and it is often unclear what motivates companies to pare dividends or buybacks for shareholders, said William Lazonick, an emeritus economics professor at the University of Massachusetts at Lowell, who has been one of the leading critics of companies that distribute cash to shareholders through stock buybacks and dividends rather than reinvesting the profits into employees, innovation and production.

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News Network
January 3,2020

New Delhi, Jan 3: US aviation regulator Federal Aviation Administration on Thursday warned America's airlines and their pilots that there is risk involved in operating flights in Pakistan airspace due to "extremist or militant activity", according to an official document.

"Exercise caution during flight operations. There is a risk to US civil aviation operating in the territory and airspace of Pakistan due to extremist/militant activity," said the US Federal Aviation Administration (FAA) in a notice to airmen (NOTAM) dated December 30, 2019.

The NOTAM is applicable to all US-based airlines and US-based pilots.

The US regulator said in its NOTAM that there continues to be a risk to US civil aviation sector from attacks against airports and aircraft in Pakistan, particularly for aircraft on the ground and aircraft operating at low altitudes, including during the arrival and departure phases of flights.

"The ongoing presence of extremist/militant elements operating in Pakistan poses a continued risk to US civil aviation from small-arms fire, complex attacks against airports, indirect weapons fire, and anti-aircraft fire, any of which could occur with little or no warning," it said.

The FAA said that while, to date, there have been no reports of man-portable air defense systems or Manpads being used against the civil aviation sector in Pakistan, some extremist or terrorist groups operating there are suspected of having access to these Manpads.

"As a result, there is potential risk for extremists/militants to target civil aviation in Pakistan with Manpads," it said.

The regulator added that pilots or airlines must report safety or security incidents - which may happen in Pakistan - to the FAA.

Pakistan on July 16 last year opened its airspace for India after about five months of restrictions imposed in the wake of a standoff with New Delhi.

Following the Balakot airstrikes by the Indian Air Force, Pakistan had closed its airspace on February 26 last year.

Pakistan in October last year had denied India's request to allow Prime Minister Narendra Modi's VVIP flight to use its airspace for his visit to Saudi Arabia over the Jammu and Kashmir issue.

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