21 schoolkids among nearly 250 dead in powerful Mexico quake

Agencies
September 20, 2017

Mexico City, Sept 20: At least 248 people were killed when a powerful 7.1-magnitude earthquake struck Mexico on Tuesday, including 21 children crushed beneath an elementary school that was reduced to rubble.

The destruction revived horrific memories in Mexico on the anniversary of another massive quake in 1985, the disaster-prone country's deadliest ever.

One of the most gut-wrenching scenes was at the Enrique Rebsamen primary school on Mexico City's south side, whose three floors collapsed into one, trapping students and teachers inside.

Twenty-one children and five adults were killed, said Major Jose Luis Vergara of the Mexican navy, who was coordinating a rescue effort that involved hundreds of soldiers, police, civilian volunteers and rescue dogs.

He said another 30 to 40 people remained trapped inside, while 11 children have been rescued so far.

Emergency workers found a teacher and a student alive beneath the rubble and are trying to get them out, he said.

But the situation was precarious. Late into the night, part of the wreckage collapsed as rescuers continued their search.

Local media reports said soldiers had administered oxygen to one trapped child through a tube. President Enrique Pena Nieto, who rushed to the site, warned the death toll could rise.

"Unfortunately, many people have lost their lives, including children, in schools, buildings and homes," he said in a national address.

The devastation struck across a swath of central states and the death toll as of early Wednesday was 248, the head of the national disaster response agency, Luis Felipe Puente, said on Twitter.

In addition to Mexico City, people were also killed in Puebla, Morelos, Mexico state and Guerrero, said Interior Minister Miguel Osorio Chong.

Well after nightfall, rescue crews and volunteers in Mexico City -- home to 20 million people -- were still clawing through the rubble of dozens of collapsed buildings looking for survivors and bodies.

Local media reported that families were getting WhatsApp messages pleading for help from desperate relatives trapped under debris.

Memories of the devastating 1985 earthquake, which killed at least 10,000 people, surged to the surface on what was meant to be a low-key 32nd anniversary.

Adding to the national sense of vulnerability, the quake also came just 12 days after another temblor that killed nearly 100 people and left more than 200 injured, mainly in the southern states of Oaxaca and Chiapas.

Many in the capital ran outdoors when walls around them swayed and cracked. "I'm so worried. I can't stop crying. It's the same nightmare as in 1985," Georgina Sanchez, 52, sobbed to AFP in a plaza in the capital.

The quake -- which occurred in the early afternoon, hours after city authorities had conducted an earthquake drill -- caused massive damage in the bustling center of the city. "It was horrible," said resident Leiza Visaj Herrera, 27. "I had to hold on to the ground."

Scenes of chaos erupted in the quake's aftermath. Traffic jammed to a standstill before blanked-out stop lights, and anxious people ran between vehicles as ambulances tried to make headway, sirens blaring.

In several locations, large crowds of people clambered on buildings that were now piles of stone and tangled metal, trying to pull people out. Emergency workers held up signs commanding "Silence" so crews could listen for the sounds of any survivors.

Jorge Lopez, a 49-year-old Spaniard living in Mexico City, said he raced to his children's school in the central Roma district, to find it collapsed but his offspring safe but terrified. "We arrived at the school and everyone was crying, everyone was frantic, and the kids were holding on to a rope," he said.

Patients were evacuated from a nearby hospital, wheeled out on beds and wheelchairs. Pena Neto said on Twitter he had ordered the evacuation of damaged hospitals.

At one collapsed building in the Roma district, dozens of people dug through rubble as they waited for the arrival of heavy machinery to move the massive chunks of stone. Officials called out for more volunteers, and for water.

A woman standing and watching the efforts with her husband, a doctor, turned to him and said, "Darling, if you want to help, go ahead. Just give me your glasses, and be careful."

Mexico City's international airport closed for more than three hours following the quake. The stock market was forced to shut. Fearful residents whose homes were damaged were preparing to spend the night on the street or in parks.

On the clogged and darkened roads, muggers came out at night to assault motorists. Officials in several other countries responded to the quake with offers of help. Honduras sent a 36-strong rescue team.

US President Donald Trump, who has forged an antagonistic relationship with Mexico, tweeted: "God bless the people of Mexico City. We are with you and will be there for you."

Canadian Prime Minister Justin Trudeau tweeted: "Devastating news from Mexico City. My thoughts are with those affected by today's earthquake -- Canada will be ready to help our friends."

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Althaf
 - 
Wednesday, 20 Sep 2017

Why doesnt Trump says"God Bless the people of burma" We are with you and will be there for you" ... Are burma's people are not Humans???

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News Network
March 16,2020

Mar 16: An investigation into Coffee Day Enterprises Ltd., initiated by its board after the death of founder V.G. Siddhartha, is likely to conclude that at least Rs 2,000 crore is missing from its accounts, according to people familiar with the matter.

The months-long probe following the suicide of Siddhartha in July examined the financial transactions of India’s largest coffee chain and its dealings with dozens of private companies owned by the entrepreneur. The draft report, running more than a hundred pages, points to thousands of rupees that have gone missing, said the people, asking not to be named because the details aren’t public. It also details hundreds of transactions between the founder’s listed and personal businesses that were not conducted at arm’s length, they said.

Though the report is in its final stages, the precise details could change before its release, expected as early as this week, the people said. The missing funds could total more than Rs 2500 crore, one person said.

“The investigation report is still a work in progress, and not finalized,” a spokesman for the company said. “The board of directors and the company are unaware of its content at this point of time. Hence it would be premature to speculate on the investigation findings.”

The priority for management and Siddhartha’s family “is to keep the business running in a challenging environment and meet all stakeholder commitments, including 30,000 jobs associated with the group,” the spokesman added.

The disappearance of the 59-year-old founder last year stunned India’s business community. He had last been seen telling his driver he was going for an evening walk along a bridge in southern India; his body was found by local fishermen two days later. A letter delivered to Coffee Day’s board and employees, which appeared to be signed by Siddhartha, described massive debts and complained of pressure from lenders and tax authorities. It claimed he bore sole responsibility for the company’s financial transactions.

The probe began about a month later when the company brought in Ashok Kumar Malhotra, a retired senior official from India’s federal enforcement agency, to investigate. A senior lawyer practicing in India’s top court is assisting, the company said in a regulatory filing at the time.

The publicly traded Coffee Day was supposed to be India’s answer to Starbucks Corp. More than 1,500 of its Café Coffee Day outlets blanketed cities and highways, with affordable options for the country’s aspiring middle classes. The chain’s tagline: “A lot can happen over coffee.”

But the empire has been battered since the founder’s death. Its shares plummeted about 90% and its market value dropped to about $80 million. Trading was suspended in February.

India’s regulators are tracking the situation and may use the company’s final report as part of a deeper dive into its internal affairs, the people said. Coffee Day showed about Rs 2400 crore in cash and cash equivalents on its balance sheet as of March 2019, the most recent figures the company has issued.

After the death of Siddhartha however, the company faced a severe liquidity crunch and had “zero cash in the bank,” according to one of the people. It struggled with day-to-day expenses and paying salaries has been a strain, the person said.

The draft report details personal guarantees by Siddhartha for loans taken by Coffee Day, and his unsecured loans at high interest rates from local money lenders, the people said. It also probes Coffee Day’s defaults to coffee growers and other vendors, they said.

A related issue is that coffee estates owned by Siddhartha and several employees had been used as collateral for bank loans. The report found that valuations for properties were inflated to get the loans, one person said.

Investigators have examined several theories about what happened to the company’s money, including whether Coffee Day was manipulating its finances to show cash and profit and whether Siddhartha was taking cash out of the listed company to pay off a large investor to whom he had guaranteed a return, the person said. From the filings of his listed and private companies, the entrepreneur’s loans had totaled more than Rs 10,000 crore, and he had been squeezed by borrowing to repay interest on earlier loans, the person said.

In the letter purportedly from Siddhartha, the entrepreneur said he had tried his best but failed as an entrepreneur. “I am solely responsible for all mistakes,” the letter read. “Every financial transaction is my responsibility. My team, auditors and senior management are totally unaware of all my transactions. The law should hold me and only me accountable, as I have withheld this information from everybody including my family.”

As the report nears release, Coffee Day is finalizing a deal with Blackstone Group Inc. for real estate assets. A large tranche of the payment is due in about a week, one person said.

Coffee Day said it is working to reduce its debt load by divesting non-core enterprises.

“The aim is to save employment and preserve this iconic Indian brand,” the spokesman said.

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News Network
January 15,2020

Jan 15: Amazon.com Inc Chief Executive Officer Jeff Bezos is facing a bitter welcome during his India visit this week as the country’s antitrust regulator initiated a formal investigation just hours before his arrival and trader bodies comprising millions of infuriated small store owners announced demonstrations.

Bezos is in New Delhi for the Smbhav summit, an Amazon India event for small and medium businesses. The billionaire is scheduled to conduct a fireside chat with Amazon India chief Amit Agarwal, anchoring an event that also features Infosys Ltd. co-founder Narayana Murthy and retail billionaire Kishore Biyani, who recently sold a stake in his retail group to Amazon. Ahead of the event, Bezos paid his respects at Mahatma Gandhi’s memorial, wearing a white tunic and a rust-colored Indian vest.

The small businesses that Amazon’s CEO is hoping to endear himself to, however, are organizing in opposition. The Confederation of All India Traders announced that members of its affiliate bodies across the country would stage sit-ins and public rallies in 300 cities to raise a war cry against the world’s largest online retailer. In a letter to Prime Minister Narendra Modi last week, the confederation’s Secretary General Praveen Khandelwal alleged that Amazon, much like Walmart Inc.-owned Flipkart, was an “economic terrorist” who engaged in predatory pricing that deprived the government of tax revenue and “compelled the closure of thousands of small traders.”

India’s e-commerce market is projected to grow to $150 billion by 2022, according to a 2018 report by software industry group Nasscom and consulting firm PwC India. Competition for this rapidly expanding sector is intensifying as Asia’s richest man, Mukesh Ambani, prepares to go live with JioMart, an online shopping platform challenging Amazon and Walmart directly. The latter’s Flipkart Online Services Pvt is also delving deeper into the countryside in its pursuit for more customers. Amazon, for its part, opened a huge office complex in the southern city of Hyderabad in September, underscoring its commitment to the country.

The Competition Commission of India said it would probe the deep discounts, preferential listings and exclusionary tactics that Amazon and Flipkart are alleged to have used as anti-competitive levers. India’s trade bodies have long argued that both retail giants were flouting rules by promoting sales and discounts through their favoured sellers, many of whom they have preexisting commercial arrangements. The regulator has ordered for the investigation to be completed within two months.

Bezos last visited India in 2014 under starkly different circumstances. During that trip, the Amazon founder wore local festive garb, rode atop a festooned truck for a photo opp and presented Amazon’s Indian unit with a giant check for $2 billion. Since then, Amazon has pledged a further $3.5 billion to expand in the country.

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News Network
July 16,2020

New Delhi, Jul 16: With the highest single-day spike of 32,695 cases and 606 deaths reported in the last 24 hours, India's COVID-19 tally on Thursday reached 9,68,876, informed the Union Ministry of Health and Family Welfare on Thursday.

The total number of COVID-19 cases includes 3,31,146 active cases, 6,12,815 cured/discharged/migrated and 24,915 deaths.

As per the Ministry, Maharashtra -- the worst-affected state from the infection -- has a total of 2,75,640 COVID-19 cases and 10,928 fatalities. While Tamil Nadu has a tally of 1,51,820 cases and 2,167 deaths due to COVID-19.

Delhi has reported a total of 1,16,993 cases and 3,487 deaths due to COVID-19.

Meanwhile, as per the information provided by the Indian Council of Medical Research (ICMR), 1,27,39,490 samples have been tested for COVID-19 till 15th July, of these 3,26,826 samples were tested yesterday.

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