Saturday, March 12, 2011

The symbol of the giant folded fragile shock shakes the tsunami Bags

NEW YORK - Even the Tokyo Tower could not stand the shock and it is bent. The arrow pointed toward the sky of steel is now a sad symbol of technology failure. With the Tokyo Tower is the illusion is bent to prevent disasters and protect wealth through. The whole world is witnessing the suffering dismay of the country's most advanced, most sophisticated techniques in earthquake and civil protection.

The Tokyo Tower, 330 meters quell'antenna which sends TV signals on the network NHK, is not only the Eiffel Tower of the Japanese and their response to the Empire State Building. And 'the symbol of a nation that "bend but not break", which has absorbed the unique tragedy in human history of two nuclear holocausts.

Since yesterday, Japan has realized that not enough know how to "bend" the flexibility of the new construction technology has not saved by the tragedy. Modernity is defeated and many of the inhabitants of the capital yesterday instinctively fled to the streets and parks in front of the Imperial Palace: It is the only area where it is forbidden to build skyscrapers in Tokyo, and all the buildings are low.

To call relatives and friends have thrown to the old coin-operated telephones, the only spared by the great blackout of communications for the hours of dumb phones. They raided the bike shops: the oldest means of transport was the only one to bring them home in the chaos of the huge traffic jams and paralysis of trains and metro.

All that Japan has built the most advanced, yesterday was the collapse: as nuclear power upon which a third of its electricity. It 'had to step in the U.S. Air Force by the U.S. military bases to supply emergency with the "coolant" after the cooling systems of nuclear reactor in Fukushima had failed.

"Nuclear Emergency", proclaimed the government and another warning is added to the earthquake, despite decades of practice to ensure that the Japanese nuclear power stations were earthquake proof. It 'a show in which he shall be dismayed by the friendly superpower on the other side of the ocean.

America woke up in fear that the tsunami overwhelm Hawaii, then the West Coast. Entire cities in California have been evacuated but the giant waves made a victim in the sea in Crescent City, and damage in several coastal areas. But it is above the image of the Japanese disaster followed live by the Americans with bated breath, enhance the feeling of helplessness.

"Japan has the most stringent seismic laws in the world - look at the New York Times - the same earthquake in any other country in the world, even the richest, has already claimed tens of thousands dead in a few hours." Americans know, California has not invested as much as Japan's high-rise structures built to "bend and not break" decoupling; dams in coastal tsunami, even in the digital sensors that connect the individual with the broader housing system electronic alert.

Certainly have limited the death toll, but it is a tragedy. When he spoke Barack Obama promising "all the aid that the Japanese government is asking us," America feels that this tragedy is a sign of global vulnerability. It 's another "Black Swan", one of those events that statisticians call "a very low probability and high potential for harm." As the mortgage crisis that plunged the world into recession of 2008-2009.

Again, the fear that America will gather on the horizon a perfect storm. " The double shock earthquake-tsunami in Japan is the last of the shots in the global economy that have occurred suddenly in a few weeks, obscuring a horizon that seemed to turn to good. First there was the wave of anti-authoritarian revolutions in the Arab world, with its collateral impact on oil prices "that alone is already a heavy burden on growth" according to the Fed chairman Ben Bernanke.

Ties to the high price of oil is the return of inflationary expectations. The world's largest bond fund, Pimco, has sold its entire portfolio of Treasury bills, so it is clear that central banks should raise rates soon (in this case the old brutally Bot depreciate). Then came a surprise from China, its exports have grown only 2.4% over the last twelve months.

There are fears that anti-inflation by the central bank of China begins to "bite", but if the locomotive slows Asian around the world will feel the consequences. The third shock came simultaneously by the rating agency Moody's downgraded the sovereign debt of Spain. "Europe becomes a time bomb," is the comment by Desmond Lachman of the American Enterprise Institute in the Washington Post.

The last shock is the calamity which puts the knee in Japan, the world's third largest economy. A disaster paradoxically "amplified" by its modernity and wealth, because Japan as a country is advanced over-insured (unlike Indonesia), and then the damage is immediately reflected on the balance sheets of insurance companies worldwide.

If the disaster in Kobe in 1995 cost 100 billion, 15 years after the impact can only be multiplied. The "beating of butterfly wings on the other side of the planet that creates a hurricane" is not an image of literature, is studying the theory of chaos mathematics. Three, four butterflies simultaneously, they can bend not only the Tokyo Tower but a world without bulkheads or compartments, where the contagion of the crisis traveling at the speed of light.

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