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Showing posts from April 19, 2016

Dwindling hopes for survivors after Ecuador quake kills 413

Technology | Tue Apr 19, 2016 9:52am EDT
Related: WORLD, ENVIRONMENT, NATURAL DISASTERS

PEDERNALES/CANOA, ECUADOR | BY JULIA SYMMES COBB AND ANA ISABEL MARTINEZ















Earthquake-stricken Ecuador faced the grim reality of recovering more bodies than survivors as rescue efforts went into a third day on Tuesday and the death toll climbed over 400 in the poor South American country.

Praying for miracles, distraught family members beseeched rescue teams to find missing loved ones as they dug through debris of flattened homes, hotels, and stores in the hardest-hit Pacific coastal region.

Meanwhile, a moved President Rafael Correa, visiting the disaster zone, said the quake had inflicted between $2 billion and $3 billion of damage on the OPEC nation's already-fragile economy.

The damage from the quake could knock between two and three percentage points off gross domestic product growth, he told reporters. "Let's not deceive ourselves, it's going to be a long struggle ... Reconstruction …

A Chance for Change in Brazil's Scandal

"A Chance for Change in Brazil's Scandal is republished with permission of Stratfor."





Analysis APRIL 16, 2016 | 13:22 GMT Police pat down a protester in a 2014 riot in Rio de Janeiro. The Petrobras scandal has inspired waves of protest throughout Brazil and has contributed to the current president's ongoing impeachment proceedings. (YASUYOSHI CHIBA/AFP/Getty Images) Summary For the past two years, Brazil has been mired in the costliest corruption scandal ever uncovered in a democracy. Evidence surfaced in 2014 that contractors in Brazil had formed an alliance to overbid on projects for government-owned energy company Petroleo Brasileiro (Petrobras). Contractors pocketed the extra cash and bribed politicians and Petrobras executives to keep quiet. The scandal — the investigation of which came to be known as "Operation Carwash" — was so blatant and implicated such prominent political figures that it shocked Brazil, a country accustomed to high-level corruption. …