otherwise, what i see is great, and i did as a, it's a police across those months with the natural disaster strike without warning. and when they do, the consequences could be disastrous for civilians as well as the local economy if they are not prepared for. earthquakes in particular are extremely disastrous, as they can strive without warning. and these earthquakes can be catastrophic events for cities, such as the case with turkey, which experienced a significant loss of life and infrastructure damage as the buildings were not built to modern code that can withstand seismic activities. i'm christy, i'm, you're watching the cost of everything we're today. we're going to examine the costs of earthquakes and what it would take for an economy to rebuild and recover the

on february 6th target experience. earthquakes of $8.07 magnitude followed by more than $7500.00 after shocks and 2 additional earthquakes. this is the largest such disaster to have hit the country and over 80 years, the regions affected have some of the highest poverty rates in turkey, and also host more than one point. 7000000 syrian refugees. the 2 earthquakes and february cost and estimated $34200000000.00 in direct physical damage in turkey, which is the equivalent of 4 percent of the countries 2021 g d p. recovery and reconstruction costs will be much larger, potentially twice as large gdp losses associated with economic destructions, such as loss of businesses, productivity tours, and etc. well, also add to the cost of earthquakes,

and the total estimate for the cost of the earthquake has been around $84000000000.00, which is now 10 percent of turkey's g. d. p. $70000000.00 is from damages to homes and building $10000000000.00 is from the loss of national income and $3000000000.00 from the loss of working days. value in human life also becomes a tricky situation as it is related to a person's earnings. these are lower and developing countries like turkey, so translating lives into dollars because quite problematic in that context. however, this does not include human misery, which is the number of people who lost family and is left without power or clean water. however, these estimates also don't take into account the multiplier effect that reverberated through the supply chains. for example, turkey is a big supplier of stone, glass and textiles. the earthquake has now disrupted the entire supply chain, affecting many retailers like hugo boss, h, and them,

and many more of that seaborne trading held for main crippled. the 2nd multiplier pertains to how quickly and efficiently businesses get back on their feet after a disaster. and the time lost before the cities can begin operating again. the 3rd has to do with what happens to the people who live in disaster zones. if they flee or evacuate, the local economy loses its labor base and the demand for goods and services in the area also declines. this is also the case in turkey when people are afraid to return to work in buildings, they believe to be vulnerable to collapse. and estimated 1250000 people have been render temporarily homeless due to building collapses. and over 50000 people died as a result of the earthquake. and over 500000 people have been evacuated from the disaster area. a 173000 buildings have so far been recorded as collapsed or severely damaged, including some of the newest apartment blocks of this has now led to urgent questions

about building safety standards. modern construction techniques should mean that buildings can withstand earthquakes. however, the standards have been poorly enforced in turkey. in turkey, the government has provided periodic construction and the space which are effectively legal exemptions for payment of a fee for structures to be built without the required safety certificates up to $75000.00 buildings across the affected earthquake phones and southern turkey had been given these construction in the space, and even though $84000000000.00 is a, have the estimate, many suspect that the governments are under estimating costs in order to avoid further embarrassment when a government or business policy may be at fault for its last construction policies . so now let's bring in the past category of principal at media motor international

. so now what country is the most vulnerable for a big earthquake disaster? it's, it's an interesting question. um there are, i would say any country which is a mix to a quick 4th or have cannot quit. busy and it's densely populated, is this more when the countries heavy popular countries like in the form of age, showing uh 20, no us children. they are very vulnerable to damage and loss of life like from a not quick. they might be in a place which happens middle somewhere that there's not a lot of people that couldn't cause a lot of damage. the civilization and their people got the most damaging. they're expected up. and now this is perhaps one of the biggest natural disasters we've had in the past decade. why are we not hearing more coverage on this?

why is this not well publicized? here in the states? it's got to be the media. whoever picks up the story and stories was sharing the one of the people who share, i mean there's, there's almost 60000 loss of life. which to me is a huge number. and just so it doesn't happen to be live in the us. so if it doesn't happen to be in the us, it's not as much publicizing that you're asking people out about the guy who owns the soul for a story, and then the media has to move on. perhaps that the reason is that the guy, however, people who are on the ground leaving the day out, they have to live with the consequences. and for them, it's not a shot the media type when it gets a long recovery model and be here at the model, are actually helping the recovery process the after the siege did after

ip or delete evaluation of the houses that currently stand to ensure that it was held to either the green guy got them there to get a or the yellow guy to have my, their damage, and only a few things need to be done or the address that going, going to we are doing the, the transform. so people can actually, instead of leaving in the shelters, can go back into the out. what is the most expensive natural disaster in history? and how does this turkey earthquake compare and rank against it? there are a few, it comes to taxes. this actually is the most expensive one, i would say was sure no, but it was in a natural disaster. now, if you look income from a number of people, it was good to come in for me and let me share

india. and then if you just want to compare the cost of that for the 2011 japan quick for the device, you know, and i think the cost is not a fair question to me because each country calculates costs differently for developed countries like us in japan, the cost of interest up to the higher the deductible the aust. however, let's say for example, to be the estimated cost of to the bachelor. 84 is what is the estimated right now? the 2 and it has ended up in 50000 multiply, holler in japan. the cost was $360000000.00 and. and they were only like about 20000 flights last to the, to me cost to is not

a good number to me the, the disaster should be actually waiting comes up and pressure turned off. and the loss of life down to die, the pay the, the all cheeks who know me in the, in the motion. so now me with the bigger disaster than that, the generic 2011. now click the disastrous, but it does a loss of light that was much bigger power turkey rebuild itself now when they are already facing surging inflation and as franky economy and a huge mountain of debt. a. yeah, and model of the car and with another customer, but i wouldn't have a very, you know, very important get out of here. but to me, the international community has to come in and help us to be willing to accept a from the biological and multinational agencies such as you now school b, u,

n, u s. c. drive in all the agencies that can come in and provide support to help you valued entry, but maybe they can, maybe they can have it compared as impressed frontier, send me the impression to in touch location and that the engine may generate jobs and how the economy syria was also affected by the earthquake and yet outreach to serial was less enthusiastic because of the western sanctions on the country. what do you make of this? do you think you military in a, during these times of price? it's a trump sanctions or no? definitely. definitely the political human, human life, your life in my life has the same value just because my country have sanctioned on it. that doesn't mean that my life is left by you or if not and what city all human

be tried to fail. re she extending the code to see and be transferred to the same battery. if you didn't want to take it, we should do the same in q. and of course, i'm talking from a human and engineering perspective. i've talked to some of you know, political perspective, but to me yes, we should support you. yeah. because be care. thank you so much the past couple area, but please stick around. it depends on what we join us right after the break. and when we come back, the cost of natural disasters very considerably depending on where they occur. the economic impact is worse in or countries since the long term effects last longer. we'll have more after the break the

willing to do you know, credit union doria, sonia or if i did she shit, a duck clean. i report the control room for 2 of us. so we fixed you get the project you system really mean you have enough not to say websites and stuff. i'm assuming, yeah, we did the cloud. so essentially it's streams of dark news, but i'll let you drive. but the crazy if that's all there is to motivate my subway, but just to do you still know? sadly, if she ever always get us, what are we shipping? that is just a good fit you a lift or to take you more, but doesn't i need deals says that you train school, so that's only for each of us or where are you

looking to ship useful going so i'm saying yes, i see the best way to take a picture of, i'll go and dump it on the straight place so that i'm not the take a fresh look around. there's a life kaleidoscopic, isn't just a shifted reality distortion by power. a good vision with no real live indians. fixtures designed to simplify will confuse really once a better wills, and is it just as a chosen few fractured images presented as fast? can you see through their illusion going underground can the

the to produce to use it. those are the addition. instead of both, i'm not going to be on the bottom of the dora slash pursuing the flash. yeah, because i moved enough. i just wonder who just lives up there much me on this website because the symbol which is good for those who release to be know. all you simply want to do do by

welcome back to the cost of everything. now the costs of disasters vary considerably depending on where they occur. when a large disaster occurs in a wealthy country, the financial damage may be quite large. however, when a comparable disaster occur in a poor country, the actual financial damage may appear to be relatively small, but the long term effects will be longer lasting. for example, the 2004 indian ocean earthquake and so nami had a death toll of around 230000 people. but the cost of it was reportedly only $15000000000.00. in contrast, the deep water horizon oil spill in which only 11 people died. the damages were 6 full that of india's california also experienced a 7.9 magnitude quick and 19 o 6,

causing massive destruction. and so now i'm is costing $500000000.00 in damages. the equivalent of more than $13000000000.00 today. now in japan, buildings that were sitting on a rubber foundation with stood the great hinge and earthquake which killed more than 6000 people. this technique, which is called base isolation, is used and roughly 9000 structures in japan today. thousands of other buildings in the country have been fitted with shock absorbing devices that can greatly reduce and the damages and prevent collapse of 87 percent of all tokyo's buildings have been constructed according to modern and ty, seismic standards, and the japanese governments has spent $1000000000.00 to build as world famous seismic alert system that can detect the peak of a quick, 80 seconds before it arrives. this is a central to give the people the necessary time to take urgent steps like shutting

off gas stepping away from windows. sheila, at china, italy, mexico and peru have all adopted the techniques to varying degrees. conventional buildings use concrete, so when there is an earthquake, the building will split apart and collapse. but with base isolation, the building will shake with the ground, so they may sustain some structural damage, but it will not split since the base is still intact. and we'll just weigh based isolators are like shock absorbers between the building and the ground motion, letting the building slide back and forth. and having the vibrations travel up through the building a base isolated building costs about 13 to 15 percent more than a conventional one. other technologies in japan include inflatable airbags that deploy underneath a wooden home when a large earthquake is detected. and newer buildings in japan are also generally stronger and stiffer than american ones, with so called resilience movement technology. this is designed for the structure

to better withstand, earthquakes, japan and the united states are 2 of the world's most technologically advanced countries who have responded very different ways when it comes to earthquake protection. in japan's government mandates that have built stronger structures capable of with standing earthquakes and being used immediately afterwards. this is also due to the much denser population. but the us, on the other hand, sets a minimum and less protective standard with the understanding that many buildings will be badly damaged. but that's what insurance is for. this way of building allows builders and contractors to spend less maximizing their profit margin on the ability, which is very on line with the us as capitalistic culture. the american approach has the risk calculation and assumption that a building will be used for 50 years before being torn down and replaced. in a severe earthquake, most american buildings are designed to crumble like

a car and a head on collision, dissipating the energy of the earthquake through damage with the goal of preserving lives. there is an estimated, a 175 based isolated buildings in the us, mainly museums, hospitals and older buildings in san francisco and los angeles, notably, apples, new headquarters and silicon valley has a sliding mechanism in the ground for earthquake protection. nearly $700.00 support con, sit on top of steel, pucks that sit on top of a massive steel saucer. when an earthquake hits the puck slide across the saucers as much as 4 feet, the net effect is that the ground jolts, but the building moves significantly less. and for more, let's bring in again, the patch cut the area principle menu motto: international. now depends if the same earthquake that hit turkey hit japan or california, how much damage would you anticipate? would there be the same number of lives lost?

a good being that the buildings in california and the buildings in japan are designed and built into understand the buildings that existed in turnkey at the back. the cold in newark in japan has been constantly be. ready been better knowledge of the building are built to better stand their staying day out. i think every 2 years we have a new cold name in california, and there's an improvement in the cold every 3 years. so the buildings are getting together standard. i don't believe the building can tell you will be the same standards of the game. that's very key in this. thank you for example. um and the can people infrastructure that lead to so if you have better building our building to benefit and much better, we do liabilities for like safety. safety means you'll be able to leave the

building if the quick like they say, hopefully they won't. that's what the goals are for the or if it's got a 100 percent guaranteed, but most of the building for the right people are going to get out. some of them are going to collapse specially believe that will build in the 19 seventy's or the stream exist. and if they haven't been fixed they, they may come back. and there may be some loss of life over there. but generally, the question will be very less loss of life. they might be monitoring damage being more monitor damaged with the light. so like most likely and how much will it cost turkey to now rebuild at city? would they have been better off investing an earthquake proof technology in the 1st place? easy, yes, easy. and there should have been investigating the they have actually maybe improved the course in 2000. but the practice is need to be

improved. so this should be probably the quality control in the field for building new buildings. imagine that building properly they're, they're put together in the band with the best way to, to district way. and this should be standards implemented for construction. the buildings have done that will build before 2000. what do we do? we go in there, just clicking on the last. however, the building that exist, this should be political, real goal, and that will fit those buildings to save lives. and i want to know the phone number and what the cost. ready from what i understand the disasters about estimated about 84000000000 at this time. the cost is

going to be about the same. about $60000000000.00, it's going to be fine pressures and reconstruction and about and the rest of the money is made is lost. people out of work and such, do you think are quite safety standards should be federally mandated to save lives? or do you think this is a decision for the builder and for the bottom profit line really should be the federal government be awarded by the people and the people to decide if they want to live all the work in the building or not. the people been got because if it's not the people, then you know, the co mentor can only push the agenda so much color with people like you and we

have to go to government and so they can mac and mentally existing conditions. no lee should be equally between the. ready gives you the data, all the links for a long time. they buy that the gain 2 to 5 to 10 years. so they don't have it on the call and change that the old building and they do the mccloud. unless the builder is required on the building for a long time, and during that time whatever happens if it's a problem that i would like to get is a combination of both the tracking binding and the it has to be a combination of work. thank you. so last a past cafeteria for joining us today. after the devastating 2010 haiti earthquake relief workers and international a port in to help the country. but that actually became a huge problem when there was a lack of coordination among the 8 organizations. many of the workers were

inexperienced and there were no rules and coordination between all the parties. and that made it extremely difficult. while there are no real winners when a natural disaster strikes, at least we're all much better prepared this time around to provide aid. over $102.00 countries had offered assistance with at least $74.00 international rescue teams deployed. turkey has also cultivated a reputation and being a global leader in humanitarian aid. so this time around, it enabled greater control over where deliveries go. well, fostering direct engagement with local and national authorities, and hopefully going forwards the community will learn their license and invest upfront and better construction standards that will not only save lives, but also cost less in the long run when the most unexpected happens. i'm christy, i thanks for watching and we'll see you right back here next time on the cost of everything

the on cheap energy coming to invest you russian gas jeep and suppose affordable. and so if you're in the stables, which has been proved, not the case, it is a will. that is no longer there. the people i say, $116.00 because it's a sofa. and if i cancel it on the other, should it go me for superstore also understand most of the ship was the boat. and you didn't me when you bought east coast collision to clean the model. so for the,

for your wife or you decide on sanctions or sanction country a sanction the 1st because you want to change the behavior of the government was present or that hasn't happened, affections have some sort of the in our brains are assassinated. they control everything from our ability to function, to experience and emotion. in fact, your ability to understand what i'm saying to you right now comes down to the amazing functionality of your brain. and yet there is still so much that we don't understand about how our minds work. so what happens when things go wrong up here? well, to find out the answers we came here to, you know, go back and speak with the john. here's one of the world's foremost in our surgeons,

utilizing state of the art technology and progressive techniques. what a new crazy, a yes or less of the, of my friends. but i was broken. save anyone. i get nothing that i, that was in 2013 which really it in my way to make me told things to willy waiting for. i need to have the time happy that trying to find these really good to turn the sleep mom. i become my new friend,

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firestone given us, i'm a william another just as i for guy in on those on monday. okay. excuse me. that studies to model the must solve way, but just to, to, if you struggle sadly, if she of a least get us push, at least she produced him just as just a good fit. she has a little bit of strong shown dora, so so spot it on i you know, shooting one of the obvious but or sure. now for, for you and you said, but them stamped on the lot of the process of why we should not both. yeah. well, you have to set a ne, scheduled up. well, he had to cost about his schedule. my only issue i, you know, i don't know what to do. i know you had no choice. you all did not see those. so assume jason deal a subsidy. the.