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notices and features - Date published:
5:30 pm, April 19th, 2021 - 2 comments
Categories: Daily review -
Tags:
The current rise of populism challenges the way we think about people’s relationship to the economy.We seem to be entering an era of populism, in which leadership in a democracy is based on preferences of the population which do not seem entirely rational nor serving their longer interests. ...
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Apartment owners tearing their hair out? Leaky buildings are bad, but the problem can be seen and taken further on that basis. Don't have a house – sit can be miserable. Have an apartment; you're not 'out of the woods', not even near them.
…But with ‘earthquake-prone’ buildings, the‘proneness’ to collapse in an earthquake is identified through a theoretical, pre-emptive process. There is no damage to the buildings caused by an earthquake. If the buildings were damaged in earthquakes, insurers would pay. Instead, owners are forced to comply with changing legislative requirements that are retrospectively applied to compliant buildings.
The financial assistance scheme available to a restricted group of owners is a loan, where the interest rate includes a margin as the borrowers are considered by the government, which imposed the cost, as high risk. The buildings are identified in a desk-based process run by a territorial authority that deems the building to be ‘potentially earthquake prone’. The owners have to engage and pay engineers to assess their buildings using a methodology the engineers had a major role in developing to determine if the building is, in their view, earthquake-prone. Then, if deemed to be ‘earthquake-prone’, the owners fund further engineering advice to develop strengthening solutions to strengthen the building. Along with funding a raft of other costs from a variety of professionals incurred during the course of such a project….
http://wellington.scoop.co.nz/?p=135588 Living hell: the continuing nightmare of "earthquake-prone" apartments Apr.19/21
Lindsay Shelton (not Mitchell)
So, the bubble so far…
How reassuring [sarc]. I had hoped that at a minimum the processes at the airports would have been rehearsed through as a courtesy, much like would be done with a new sex partner. Clearly the standards over there are quite different to our own and perhaps we would do well to shut it down now before we have community spread.