One of the troubles with the Christchurch earthquake is the emotion and political overreaction it caused regarding strengthening of old buildings and churches that no one uses. Spending eye watering amounts might makes sense in Wellington but it‚Äôs nuts that engineers want to spend billions on filling Auckland buildings with steel and kicking out parishioners.
Wellington risk consultancy Tailrisk Economics is warning against the country‚Äôs estimated $10 billion earthquake-strengthening policy, saying it could have ‚Äúdetrimental effects‚ÄĚ on the economy and communities.
The consultant‚Äôs just released report¬†Earthquake strengthening policy formulation in New Zealand 2003-2013: A study in failure¬†claims there are serious flaws in the way earthquake-prone buildings are designated.
The report‚Äôs author, Ian Harrison, says New Zealand‚Äôs attempt at an earthquake-strengthening policy will cost more than $10 billion but produce benefits of less than $100 million.
‚ÄúNo other country applies across the board national earthquake strengthening standards because it is economically illogical to do so,‚ÄĚ the report‚Äôs author Ian Harrison says.¬† Read more »
Japan 2011 Earthquake and Tsunami Read more »
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Earthquakes Since 1898
Both David Cunliffe and Green Party co-leader Metiria Turei appear to be united in favour of extra new taxes on us all to pay when natural disasters strike.
The ABC hot line strikes again.¬† Read more »
For two years industry people and consultants and all manner of hopefuls have insisted the Christchurch rebuild is ‘about to start’.
There is a misguided perception that Christchurch will enter a phase of massive rebuilding conglomerate.
It won’t and because of many different reasons. For instance:
- nobody wants to be the first cab off the rank;
- how much to invest;
- chosen to take money elsewhere;
- move money to be made from other transaction types like trading property as everyone jostles for land positions;
- insurance claims still mostly outstanding as people wrestle in court for better payouts;
- consents will take years;¬† Read more »
The Wellington region has experienced a large earthquake this afternoon.
A severe earthquake has rocked the Wellington region and the top of the South Island.
There were early reports of a house collapsing in Seddon, Marlborough. Geonet said the quake measured 6.2, 10km south east of Seddon at a depth of 8km. Initial reports said the quake was 6.9.
A magnitude 5.7 aftershock centred 5km southeast of Seddon and 8km deep hit about six minutes later.¬† Read more »
I am on The Huddle again today. Larry Williams will be joined my me and Jock Anderson. Apparently Josie Pagani is having a holiday. Damn socialists…always off enjoying themselves.
Our topics will be: