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tv   The Cost of Everything  RT  May 18, 2023 10:30pm-11:01pm EDT

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to kansas 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 experience 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, and 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. earthquake, the $8.07 magnitude followed by more than $7500.00 after shocks and 2 additional earthquakes. this is the largest such disaster to hit the country and
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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 g d p losses associated with economic disruptions 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 gdp. a $70000000.00 is from damages to homes and buildings. 10000000000 is from the loss of national income and 3000000000 from the loss of working days. value in human life also becomes
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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 becomes 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 reverberate 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 um, and many more of that seaborne training helps remain 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
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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. one people are afraid to return to work in buildings. they believe to be vulnerable to collapse. an estimated 1250000 people have been rendered temporarily homeless due to building collapses and over 50000 people and died as a result of the earthquake. and over 500000 people had 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. 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 cities which are
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effectively legal exemptions for payment of a fee for structures to be built with out 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 heavy 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 is less construction policies. so now let's bring in the patch category of principal at media motor international . so now what country is the most vulnerable for a big earthquake disaster? it's an interesting question there. i would say any country which is a mix to a quick 4th or have cannot quit cold. and it's densely populated. is this more
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when the country heavy popular countries like india or bangladesh showing a turn key know you way japan. they are very vulnerable to damage and loss of life like from a not quick. they might be in that quickly to happen. look somewhere that a lot of people that couldn't cause a lot of damage. the ability to live ition and their people got the most damaging they're expected for. 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 think the stories was sharing the people to share. i mean there's, there's almost 60000 loss of life. which to me is
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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 of an, aside from the us, people out and out the guy who owns the soul for a story. and then the media has to move on. perhaps that's the reason it's not the size. 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 media type. it's a long recovery model. and be here at the model are actually helping me the recovery process and the after that she's did after i p r. do 80 evaluation of the house is going to scan to ensure that there was housing to either the green guy got them there to get a a or the a yeah, look at the damage and only a few things. can you to be done or the address that don't go in the house. so we
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are doing business at home 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. if it comes to the fact that she's the most expensive one, i would say was sure no, but it was a natural disaster. now if you look income from the number of people, it was the 2004. so not 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
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developed countries like us and japan. the cost of interest up to the higher the deductible the aust. however, let's say for example, turkey, the estimated cost of to the bachelor degree before it's what is being estimated right now, which is and it has ended up in $50000.00 last supplies. however, in japan, the cost was $360000000.00. um and they were only like about 20000 lights last to the to me, cost is is not a good number to me. the, the, the disaster should be actually waiting comes up and pressure turn off, and the loss of life in terms of data to pay the, the, all, chase you know, me in the indian ocean. so now me with the bigger disaster than that,
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the generic 2011. now click and then they all disastrous. but it does a loss of life that was much bigger how of turkey rebuild itself now when they are already facing surging inflation and as franky economy and a huge mountain of debt. yeah. and the car and the mother to come back, but i wouldn't have a very, you know, they pointed out, but to me the international community has to come in and help the turkey has to be really a, from the biological and most actual agencies in that school be un, us said, try clearing all the agencies that can come in and provide support to help you validate and revoke maybe they maybe need can have it compared as impressed frontier or send me the impression to in touch location. and that's the
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engine. imagine a late jobs and how the economy scenario 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 life and 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, that's why you or if not and what city all human be tried to say we should extend the code to see and be transferred to the same battle. if you had to. 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 about talk to some of your political
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perspective. but to me, yes, we should support you. yeah. because we care. thank you so much the past couple area, but please stick around. it depends. you'll be joining 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, [000:00:00;00]
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the more expensive. and i'm here to plan with you whatever you do, you do not watch my new show. search like why watch something that's so different. listed of opinions that he won't get anywhere else. welcome to planes or do they have the state department c i a weapons, bankers, multi $1000000000.00 corporations. choose your fax for you. go ahead. change and whatever you do. don't want my show stay main street because i'm probably going to make you uncomfortable. my show is called stretching time. but again, you probably don't want to watch it because it might just change the way you the body of 3 people. so for instance,
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coming your what's the, somebody long to have to choose new being able to use. you guys get to the store. this car's near the beat was awfully cool. my lot to shift a few things to get suitable for something that you all are not mature less of a piece of paper for your set on the
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pull up shelves is not that bright. and he is an even worse german chancellor. though he is self aware enough to understand and acknowledge some nations, the double standards on russian, peo, colonial thinking. it would seem dice hard, the welcome back to the cost of everything. now the costs of disasters very 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 or 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 su nami had
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a death pull 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 $7.00 magnitude quick and 19 o 6, causing massive destruction and soon armies 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 hench, an earthquake which killed more than 6000 people. this technique, which is called base isolation, is used in 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. 87 percent of all tokyo's buildings have been
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constructed according to modern anti seismic standers. and the japanese government has spent $1000000000.00 to build its 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, china, italy, mexico and peru have all adopted the techniques to varying degrees. the 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 will just weigh based. isolators are like shock absorbers between the building and the ground motion, letting the building fly back and forth. and having the vibrations travel up through the building, a base isolated building costs about 13 to 15 percent more than
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a conventional one. other technologies in japan include inflatable airbags that to play underneath the 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 in 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. japan's government mandate that it build stronger structures capable of withstanding 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,
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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 a and 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 estimate at a $175.00 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,
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but the building moves significantly less. and far more, let's bring in again, the patch cut the area principle menu model 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? the reason being that the belief in california and the belief in japan are designed and built to understand the existing turnkey. at the back the cold in you were from japan had been constantly be updated. the better knowledge of the buildings are built to better stand there, stand out every 2 years. we have a new cold that came in california and as an improvement in the cold, every 3 years to the buildings are getting together standard. i don't believe the
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building contributing to the same standards of the day. again, that's a key in you, for example, um and the can people infrastructure that lead to so if you have a building, our buildings are going to say much better. we do want to be for like 5950 mean to be able to leave the building if the quick like this and hopefully they won't collapse that hold the cold our for our if it's not a 100 percent guaranteed, but most of the buildings. so that's why 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 hadn't been fixed, they been a clack. and they may be some loss of life a little bit higher. but generally the question will be very less loss of life. they might be monitoring damage being more monetary damage to the likes of light
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loss of life. and how much will it cost turkey to now rebuild at city? would they have been better off investing in earthquake proof technology in the 1st place? easy, yes. easy. and they should have been investigating they, they have actually moved to court in 2000. but the practice is need to be improved, so there should be proper quality control in the field for building new buildings, measuring that building properly there they are, piece of put together in the better way is the best way to the district way. and they should be standards implemented for construction. the buildings have done that will build before 2000. what do we do with those in the class, however, the building that exist, that should be going to take a real goal. and in fact,
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will fit those buildings to save lives. and i want to know the phone number and what the cost would be. but from what i understand the disasters about it is estimated about 84000000000 at this time. the cost to the going to be about the same of that about $60000000000.00, it's going to be fine pressures and reconstruction man about and the rest of the money is just lost people out of work. in fact, 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 bordered by the people and the people to decide if they want to live all the work from building or not.
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the people been got because if it's not the people, then you have the cold and they can only push the engine, got so much power that people like you and me have to go to the government. and so they can the mac and pull back to the existing conditions. no, we should be equally with the. ready any data on the links for a long time, they buy that the gain to, to 5 to 10 years. so they don't have it on the call and change that the old a, b, b. and they can be made for that unless the builder is required to hold the building for a long time. and during that time, whatever happens if it's a form that i would like to get is a combination of both the tracking and binding and the built as well. it has to be
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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 poured into 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. a while there are no real winners when a natural disaster strikes, at least were 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 while fostering direct engagement with local and national authorities. and hopefully going forwards the
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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.
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the take a fresh look around his life kaleidoscopic isn't just a shifted reality distortion by how us tired vision with no real opinions. fixtures designed to simplify will confuse who really wants a better wills, and is it just as it shows the few fractured images presented as 1st. can you see through their allusions, going underground can the, in the year of 1954,
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the united states of america engaged in warfare against the people of vietnam. the white house supported the corrupt but governments of southern vietnam. in 1965 americans began their invasion following the aim to defeat the forces of vietnamese patriots. the pentagon was confident that the victory would be on the american side, due to its military superiority. however, the vietnamese, during this war into total health for the occupants. unable to cope with a guerrillas, the american army started blanket bombing alongside using chemical weapons and naples, which burnt all alive. the village of my lay, where he 1969 american soldiers killed 504 civilians, including 210 children, became a tragic symbol of this war. all and all. during the whole period of this conflict,
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the usa dropped on vietnam more than $6000000.00 tons of bonds, which is 2 and a half times as much as on germany during the 2nd world war. in 1973, the american army under the pressure of the rebels, withdrew from vietnam, and only 2 years later did the puppet regime. and so i got involved. however, the vietnamese paid a high price for their freedom. more than 1000000 vietnamese people became the victims of america in the dressers, the brains are fascinated. they control everything from our ability to function to experience things in motion and facts. the need to understand what i'm saying to you right now comes down to the amazing functionality of your brain. and yes, there are still so much that we don't understand about how our minds work. so what happens when things go wrong up here?
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well, the find out the answers we came here to use, you know, when speak with the john. here's one of the world's foremost, we are surgeons utilizing state of the art technology and progressive techniques. the other way law lives. i see because the border brother, printer was, are up in there. so sounds good. just so basically of course we need your last name was needed read it was can when we used to live with you, it's a little bit. imagine we have support for someone who is this,
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we weren't sure. i knew people to the the the the hello and welcome to cross stock where all things are considered. i'm peter lavelle . shields is not that bright. and he is an even worse german chancellor. though he is self aware enough to understand and acknowledge some nations, the double standards on russia, neo colonial thinking, it would seem dice hard, the cross document international order. i'm joined by my guess,

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