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Contents contributed and discussions participated by Andrew Kuper

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Wong Sees 'Tough Budget' for Australia on Floods, Currency - Businessweek - 0 views

www.businessweek.com/...tralia-on-floods-currency.html Australia Flood Economy Financial
shared by Andrew Kuper on 15 Apr 11 - No Cached
  • We got some short term softness -- that’s as a result of a number of factors, the floods, the cyclone, but also a cautious consumer and a strong Aussie dollar
  • The Australian dollar has risen to a record versus its U.S. counterpart
  • The government expects a A$3 billion decline in company tax revenue and a drop of A$1 billion in income tax intake, Wong said today.
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  • Economists have estimated the damage from the floods may reach $20 billion, or about 1.5 percent of Australia’s $1.3 trillion economy, while the cost of rebuilding after Cyclone Yasi may be more than A$2 billion.
  • In addition, Japan’s strongest earthquake in history on March 11 is estimated to have dented demand for Australia’s bulk commodities by almost A$2 billion in this fiscal year, shaving less than one-fourth of a percentage point from GDP, according to the Treasury.
  • Andrew Kuper on 15 Apr 11
     
    What are the effects of the Australian Floods? Citation:"Wong Sees 'Tough Budget' for Australia on Floods, Currency" http://www.businessweek.com/news/2011-04-09/wong-sees-tough-budget-for-australia-on-floods-currency.html Summary: This article talks about how Australia will be affected financially following the floods. It mentioned that the total cost of the damages are equal to roughly 1.5% of the country's A$1.3 trillion economy. It also talked about how Japan's earthquake affected Australia, because they receive many Japanese imports.Questions:1. What exactly does Japan have to do with this?2. How will the people rebuild and finance all this damage? 3. Are these figures in American dollars or Australian dollars? *Edit: Reposting because I forgot to share to WC group. Old post deleted.
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Australian flooding - The Big Picture - Boston.com - 0 views

www.boston.com/...australian_flooding.html Australia Flood
shared by Andrew Kuper on 15 Apr 11 - No Cached
  • Cyclone Tasha
  • Hundreds of thousands of people in an area the size of France and Germany combined are now affected
  • at least nine people have been killed so far
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  • the water level is expected to continue rising over the next two days and 38 regions were declared natural disaster areas.
  • Andrew Kuper on 15 Apr 11
     
    What are the effects of the Australian Floods? Citation:"Australia flooding" http://www.boston.com/bigpicture/2011/01/australian_flooding.html Summary: The flooding seems to have gotten worse, the number of people affected seems to have gone up. What's worse is that the water level is still going up, so things are still getting worse. Questions:1. Is this new information or old?2. when will the water go down? 3. What all is being done to help those affected? *Edit: reposting after I forgot to share to WC group, old posts deleted
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Australia floods threaten Queensland capital; 14 dead, dozens missing - Los Angeles Times - 0 views

articles.latimes.com/...a-fg-australia-floods-20110112 Australia Flood Queensland
shared by Andrew Kuper on 11 Apr 11 - No Cached
  • 40,000 properties were expected to be affected by the overflowing Brisbane River
  • rate of 7,000 cubic meters a second
  • overwhelmed the dam, built in the late 1970s after devastating 1974 floods, and the water was released to prevent its collapse.
  • Andrew Kuper on 11 Apr 11
     
    What are the effects of the Australian Floods?Citation:"Australia floods threaten Queensland capital; 14 dead, dozens missing" http://articles.latimes.com/2011/jan/12/world/la-fg-australia-floods-20110112Summary: The city of Queensland has experienced some particularly bad flooding. The flood here has killed at least 14 people, with many more missing. Much of the flooding has come from a dam which was released to prevent its collapse. This damn was built to prevent flooding after Australia's last major flood in 1974. Questions: 1. Why didn't the dam work, was it not large enough? 2. How will the people rebuild after all this damage? 3. What all is being done to help those affected?
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Australian Floods Peak in Brisbane - NYTimes.com - 0 views

www.nytimes.com/...14australia.html Australia Flood Brisbane
shared by Andrew Kuper on 10 Mar 11 - No Cached
  • BRISBANE, Australia — Floodwaters peaked here on Thursday, swamping tens of thousands of homes and businesses
  • killed at least 15 people in the past week.
  • flood zone could remain under water for days
  • ...5 more annotations...
  • The Brisbane River, which snakes through Brisbane, the capital of the state of Queensland, crested early Thursday at about 15 feet above normal
  • cumulative death toll from flooding since the rains began in late November to at least 25.
  • more than 25,000 homes and 5,000 businesses were inundated when the two major river systems burst their banks
  • ripped a 960-foot-long concrete boardwalk from its foundations,
  • In Ipswich, a city of 150,000 people about 20 miles west of Brisbane, officials estimated that 3,000 homes and businesses were flooded
  • Andrew Kuper on 10 Mar 11
     
    What are the effects of the Australian Floods? Citation:"Floods Peak, Leaving Ruin in Australian City"  http://www.nytimes.com/2011/01/14/world/asia/14australia.html Summary:The city of Brisbane has experienced some particularly bad flooding. The flood here has killed at least 15 people in one week. The city could remain underwater for several days. The flooding has been caused by extreme rains which caused the Brisbane and Bremer Rivers to rise up to 15 feet. Over 25,000 homes and 5,000 businesses have been flooded in Brisbane alone. Analysis:This article gave much more focused detail than previous articles I had read It really shows how much the devastation has affected individuals. There were several pictures as well which showed the scope of the flooding, including one of flood waters covering most of a basketball court. This really put it into perspective how bad the flood has been. It's extremely tragic to think about how many people have suffered from this flood.  Questions:1. What is the monetary cost of the flood in this area?2. How will the people rebuild after this? One woman wasn't insured for a flood, and is completely homeless.3. What all is being done to help those affected?
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BBC News - Australian Prime Minister unveils new flood tax - 0 views

news.bbc.co.uk/...9378347.stm Australia Flood tax
shared by Andrew Kuper on 10 Mar 11 - No Cached
  • The Australian government has announced a new tax to help pay for the devastating floods over the past month.
  • half of the five-billion dollars the federal government needs.
  • no-one earning less than $50,000 or anyone affected by the flooding would pay.
  • Andrew Kuper on 10 Mar 11
     
    What are the effects of the Australian Floods? Citation:"Australian Prime Minister unveils new flood tax" http://news.bbc.co.uk/2/hi/programmes/gmt/9378347.stm Summary:Australia is creating a new tax to help the people affected by the flood. They've excluded those affected by the flood and those who make less than $50000 a year. They need to raise quite a bit of money, and this should get them about half way. The Australian Gov. is also cutting many costs to help raise more money Analysis: This is good news. They have a plan for raising the money they need. This new tax should be a good start. They were smart to tax only those making more than $50000 and who weren't affected by the flood because those aren't the people who need help.  Questions:1. How are they defining "affected by the flood"? That could include almost everybody.2. How much are they taxing each person?3. How do the Australian people feel about the tax?
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Water, water everywhere: strong storms flood Australian cities. - 0 views

find.galegroup.com/...retrieve.do Australia Flood
shared by Andrew Kuper on 17 Feb 11 - No Cached
  • The downpours have caused the worst floods there in 50 years.
  • The cyclone caused rivers and lakes to flood, leaving about 386,000 square miles of the nation underwater. That is an area larger than Texas.
  • The rushing waves affected more than 200,000 people.
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  • some experts say the country's economy could suffer for years.
  • estimates repairs will cost more than $5 billion.
  • Andrew Kuper on 17 Feb 11
     
    What are the effects of the Australian Floods? Citation: "Water, water everywhere: strong storms flood Australian cities." Weekly Reader News Edition 4-6 [a Weekly Reader publication] 11 Feb. 2011: 2+. Student Edition. Web. 16 Feb. 2011. Summary: Australia is recovering from the worst flood it's seen in 50 years. The flooding was caused by heavy rain from a cyclone. Over 386,000 square miles of Australia is underwater. The flooding has affected over 200,000 people, and has cost at least five billion dollars (not sure if it's Australian or US) in damages. Analysis: This is simply shocking to me. I'm bothered by how little attention this has received in relation to the magnitude of what's going on. The amount of land that is underwater is larger in area than the state of Texas, and 200,000 people have been affected. By comparison, Hurricane Katrina left only 1,500 people homeless, and we're still talking about that six years later. Questions: 1. What are the environmental/ecological impacts of the flooding? 2. How will this affect Australia's economy/businesses? 3. What all is being done to help those affected?
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