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How the Climate Is Breeding More Black Swans

November 8, 2013 Comments off

fool.com

Here’s a definition that should send chills down the spines of investors: “An unpredictable or unforeseen event, typically one with extreme consequences.” This sums up a black swan event. Nassim Nicholas Taleb mainstreamed the concept through his writings. His points became particularly topical through his book, The Black Swan, around the time of the financial crisis — a major, destructive event that many people found unexpected and, beforehand, maybe even impossible.

There’s a similar risk brewing on the horizon. Climate change could be the next black swan event that causes an ugly ripple effect through our lives and economies. The majority of current investment strategy comes up short on modeling, even considering that this as a legitimate concern, at least for our lifetimes.

History’s lessons
Here’s a lesson in extreme irony: The term originated when people didn’t believe black swans existed at all. Because no one had ever seen one, it certainly looked as if Read more…

New Zealand Earthquakes 2013: Temblors Damage Homes And Destroy Bridge

August 16, 2013 Comments off

huffingtonpost.com

WELLINGTON, New Zealand — Strong earthquakes shook central New Zealand on Friday, damaging homes and roads and sending office workers scrambling for cover in the capital. No serious injuries were reported.

A magnitude-6.5 temblor struck just after 2:30 p.m. near the small South Island town of Seddon, and at least six aftershocks were 5.0 magnitude or stronger.

Several homes near the epicenter were severely damaged, with chimneys collapsing and roofs caving in, said police spokeswoman Barbara Dunn. She said a bridge was severely damaged on the main highway near Seddon, and that rocks and debris had fallen onto the road. Police closed a section of the highway.

Some buildings in Wellington, the capital, were evacuated, and items were knocked off shelves in places.

Police said a number of people were freed from Wellington elevators that stopped working. The initial temblor also forced the nation’s stock exchange to close for more than an hour.

Wellington Mayor Celia Wade-Brown said there was Read more…

Planet undergoing MASSIVE Changes

February 8, 2013 Comments off

The deadly 8.0 earthquake and tsunami that hit the Solomon Islands days ago, struck along a subduction zone, the same geologic setting responsible for the world’s most powerful earthquakes…

Read more…

3.0-magnitude earthquake rocks North Texas

January 23, 2013 Comments off

wfaa.com

The U.S. Geological Survey reported a 3.0 magnitude earthquake struck near Irving Wednesday night.

The quake hit at 10:16 pm., with the epicenter in Irving just south of the intersection of the Bush Turnpike and Highway 114 and 3.5 miles east of Dallas/Fort Worth International Airport.

The USGS said it measured the quake at a depth of 10 miles.

In the minutes following the tremor, WFAA’s Facebook page received more than 250 comments — most of which were from people who said they felt the earth unexpectedly shaking.

“I’m in Irving off 161 and Rochelle,” wrote John Hendry. “Felt a boom and house shook; no apparent damage.”

“It freaked me out!” wrote Tonya Taylor Paris from Euless near D/FW International Airport. “My whole house rattled and crackled after it happened. My front large window rattled really loud.”

“We all thought our chairs were moving due to a plane,” said Lisa Olivero Riccetti, who was at D/FW.

“It felt like a bus ran into the building,” wrote Martin Ross at Belt Line Road and Walnut Hill Lane in Irving.

“This is the third time this has happened since I lived in these apartments,” said Veronica Rodroguez-Harris in Irving.

Last September, multiple earthquakes measuring 3.4 and 3.1 magnitude shook the same general area

Categories: Earthquake, Texas Tags: , ,

Planetary Alignment / Earthquake Watch 2013 Full Year

January 19, 2013 Comments off

 

Published on Jan 16, 2013

(00:05) Planetary Alignment / Earthquake Watch Jan 18-19, 2013
http://www.youtube.com/watch?v=hfIRFFkjLbk
(03:49) Planetary Alignment / Earthquake Watch Jan 28-29, 2013
http://www.youtube.com/watch?v=lEinkckbZNY Read more…

Categories: Earthquake Tags: ,

7.5-magnitude earthquake strikes southeast of Alaska

January 5, 2013 Comments off

earthsky.org

The U.S. Geological Survey (USGS) said that a strong 7.5-magnitude earthquake struck off the southeastern coast of Alaska just before midnight local time last night (January 4-5, 2013).  A local tsunami warning was issued for parts of southern Alaska and coastal Canada, and it has now been withdrawn.  The warning area extened for about 475 miles and included coastal areas from about 75 miles southeast of Cordova, Alaska, to the north tip of Vancouver Island, Canada, the Alaska Tsunami Warning Center said.  There were no initial reports of damage from the earthquake.

Here are the details of the quake from USGS:

Date-Time  Saturday, January 05, 2013 at Read more…

Mexico Earthquake Today 2012, Terremoto Erupts in Baja California

December 27, 2012 Comments off

lalate.com

Mexico Earthquake Today 2012, Terremoto Erupts in Baja California

LOS ANGELES (LALATE) – A strong Mexico earthquake has erupted today. A terremoto en Mexico hoy, Thursday, December 27, 2012, began in the predawn morning hours centered in Baja California. The quake marks one of the strongest Mexico temblors to strike this December. No reports of damage have yet to be indicated by local news.

Officials tell news that a 4.7 magnitude Mexico earthquake erupted Thursday at 6:05 am local time. The quake, while strong, also posted a shallow epicenter. USGS indicates to news the Mexico earthquake erupted six miles below sea level in the Gulf of California, off the east coast of Baja California. The quake, however, could be felt to the west on the Baja peninsula.

USGS indicates to news that the Mexico earthquake began Read more…

Series of earthquakes jolt mountainous SW China, killing at least 50 and damaging 20,000 homes

September 7, 2012 Comments off

Associated Press

BEIJING — A series of earthquakes collapsed houses and triggered landslides in a remote mountainous part of southwestern China on Friday, killing at least 50 people with the toll expected to rise. Damage was preventing rescuers from reaching some outlying areas, and communications were disrupted.

The quakes started with a 5.6-magnitude shock before 11:30 a.m. along the borders of Guizhou and Yunnan provinces, and another equally big quake struck shortly after noon followed by more than 60 aftershocks, Chinese and U.S. government seismologists said. Though of moderate strength, the quakes were shallow, which often causes more damage.

Hardest hit was Yiliang County, where 49 of the 50 deaths occurred, said Yunnan province government agencies and state media. Another 150 people in the county were injured, said Zhang Junwei, a spokesman for the provincial seismology bureau.

China Central Television showed roads littered with rocks and boulders, and pillars of dust rising over hillcrests — signs of landslides. Footage showed a couple hundred people crowding into what looked like a school athletic field in Yiliang’s county seat, a sizeable city spread along a river in a valley bottom.

With some roads impassable, rescuers had yet to Read more…

Categories: China, Earthquake Tags: ,

Powerful quake strikes Costa Rica, tsunami warnings issued

September 5, 2012 Comments off

examiner.com

Original Story: A powerful 7.6 magnitude earthquake struck on the west coast of Costa Rica on Wednesday, according to the United States Geological Survey. The epicenter was 38 miles south-southeast of Liberia, Costa Rica at a depth of 25 miles.

View slideshow:Costa Rica earthquake

According to a statement from the Pacific Tsunami Warning Center, a tsunami warning was in effect for Costa Rica, Panama, Nicaragua, El Salvador, Honduras, Mexico, Colombia, Ecuador, Guatemala and Peru.

A tsunami watch was also in effect for Chile.

The tsunami watch that was issued for the entire Caribbean region was later canceled because it was inadvertently sent by mistake. No tsunami watch is in effect for the Caribbean Sea region.

A later statement said that an evaluation of the Pacific wide tsunami threat was underway and there is a possibility that Hawaii could be elevated to a watch or warning status.

Earthquakes of this size have the potential to create a widespread destructive tsunami that can affect coastlines near the epicenter within minutes and more distant coastlines within hours, but it is not known if one was generated.

According to ABC news, in the coastal town of Nosara in northwest Costa Rica, trees shook violently and light posts swayed. Teachers chased primary school students outside. There were no reports of major damage at this time.

320,000 could die in triple earthquake: Japan

August 31, 2012 Comments off

asiaone.com

The Yomiuri Shimbun/Asia News Network

Friday, Aug 31, 2012

JAPAN – Up to 323,000 people could die if three earthquakes occur simultaneously along the Nankai Trough, killing about 70 per cent of victims in subsequent tsunami, according to new predictions by two Cabinet Office panels.

The panels on Wednesday released predictions of damage that would be caused by a magnitude-9 Nankai Trough triple quake. This is the largest triple quake expected to occur in the trough–which stretches from off Shizuoka Prefecture down to Shikoku and Kyushu–with the so-called Tokai, Tonankai and Nankai earthquakes happening simultaneously.

The size of the predicted focal area is twice that of the magnitude-8.7 triple quake predicted by the government’s Central Disaster Management Council in 2003.

One of the study panels was tasked with estimating the height of tsunami and the area of inundated regions, while the other was a Read more…

Categories: Earthquake, Japan Tags: , ,
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