Browse content similar to 30/10/2012. Check below for episodes and series from the same categories and more!
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Sandy strikes the US - the storm kills 16, and a tidal surge washes | :00:16. | :00:23. | |
through cities on the East Coast. Millions of people are without | :00:23. | :00:31. | |
power. President Obama declares a major disaster in New York State. | :00:31. | :00:34. | |
And the storm sparks fires as well as flooding - at least 50 homes in | :00:34. | :00:40. | |
the borough of Queens are destroyed by flames. Welcome to BBC World | :00:40. | :00:45. | |
News. Also in this programme: As the economic slowdown continues, | :00:45. | :00:55. | |
:00:55. | :01:07. | ||
financial heavyweights meet in People on the east coast of America | :01:07. | :01:10. | |
are waking up to assess the damage after Superstorm Sandy swept across | :01:10. | :01:15. | |
the region with hurricane-force winds. 16 people have been killed | :01:15. | :01:20. | |
as a result of the storm and around six million are without power. | :01:20. | :01:23. | |
President Obama has described the situation in New York State as a | :01:23. | :01:28. | |
major disaster. In New York City, a fire has destroyed at least 50 | :01:28. | :01:30. | |
homes in Queens and a million residents have been evacuated. | :01:30. | :01:33. | |
Three towns have been flooded in New Jersey after a flood levee | :01:33. | :01:36. | |
broke. Emergencies have also been declared in Massachusetts, | :01:36. | :01:41. | |
Connecticut, Rhode Island, and Pennsylvania. An estimated fifty | :01:42. | :01:51. | |
million people could be affected by the storm across the US. The city | :01:51. | :01:57. | |
that never sleeps, plunged into darkness. A perfect storm of strong | :01:57. | :02:03. | |
wind, high tides and a surge of sea water has paralysed lower Manhattan. | :02:03. | :02:08. | |
Overnight, water was pouring into underground car parks. This picture | :02:08. | :02:12. | |
shows the flooding of a subway station through the lift shaft. No | :02:12. | :02:19. | |
one has seen anything like this before. What the hell is this? | :02:19. | :02:23. | |
Water is not the only danger - a power station exploded on the | :02:23. | :02:28. | |
eastern side of the city. Elsewhere fires broke out in terrifying | :02:28. | :02:35. | |
scenes, like this one in the borough of Queens. 50 homes were | :02:35. | :02:39. | |
destroyed as firefighters struggled to stem the blaze. They have to use | :02:39. | :02:48. | |
boats to rescue people. There was a head wind blowing across. Three | :02:48. | :02:51. | |
buildings have collapsed with numerous civilians trapped. We | :02:51. | :02:57. | |
could not get any apparatus down due to the chest-high water. A many | :02:57. | :03:07. | |
:03:07. | :03:09. | ||
people were told to stay at home, stock up on candles and food. | :03:09. | :03:13. | |
call 911 unless it is a real emergency, and don't drive. There | :03:13. | :03:18. | |
are coast of New Jersey was the first of the eastern seaboard to | :03:19. | :03:24. | |
feel the full force of the hurricane. It also brought heavy | :03:24. | :03:30. | |
snow. Large sections of Atlantic Avenue in the heart of Atlantic | :03:30. | :03:35. | |
City were starting to become submerged under water. Hit a still | :03:36. | :03:39. | |
pitch-dark and too early to know the full extent of the damage. | :03:39. | :03:44. | |
Further up the east coast, this was near Connecticut - falling trees | :03:44. | :03:47. | |
have added to the dangers. Many have taken refuge in emergency | :03:47. | :03:54. | |
shelters. The Red Cross is operating over 100 shelters all | :03:54. | :04:00. | |
Longleat east-coast so prior to right now is making sure the | :04:00. | :04:06. | |
shelter efforts are in a safe place. Millions are now without power no | :04:06. | :04:10. | |
one can predict when the lights will come back on. Wall Street is | :04:10. | :04:17. | |
to be closed for a second day. The cost to the economy is already | :04:17. | :04:20. | |
estimated to be in the tens of billions of dollars. | :04:20. | :04:24. | |
Ben Thompson is in our New York office, in fact he stayed there | :04:24. | :04:32. | |
overnight. I asked him if things were looking up. We are at 33rd | :04:32. | :04:36. | |
Street, halfway up Manhattan, but I have just been outside and if you | :04:36. | :04:42. | |
look downtown towards lower Manhattan large parts of the city | :04:42. | :04:48. | |
are in total darkness. It seems that the power that is done in | :04:48. | :04:53. | |
blocks and grids has gone off to around 30th Street so large part of | :04:53. | :04:58. | |
the city in total darkness and that is because water got into the power | :04:58. | :05:02. | |
stations. We saw sparks and explosions really lighting up the | :05:02. | :05:08. | |
skyline of Manhattan for all the wrong reasons. That was as water | :05:08. | :05:14. | |
got into the power generation facilities, and we have also heard | :05:14. | :05:16. | |
that transport infrastructure is bearing the brunt of this. Seven of | :05:16. | :05:21. | |
the tunnels that connect Manhattan to Brooklyn on the subway are | :05:21. | :05:26. | |
submerged, and many of the roads surrounding lower Manhattan are | :05:26. | :05:31. | |
also under water. A short while ago we had some pictures from Times | :05:31. | :05:36. | |
Square with the neon light shining bright, even some taxes motoring | :05:36. | :05:41. | |
around. I presume the message none the less - we have the pictures | :05:41. | :05:46. | |
again here - I presume the message is just don't go out unless you | :05:46. | :05:53. | |
absolutely have to? Yes, Times Square again is maybe 10 blocks | :05:53. | :05:58. | |
north of where we are so it seems like the problems are in this lower | :05:58. | :06:03. | |
to midtown area at the lower end of Manhattan. The message from the | :06:03. | :06:08. | |
mayor once again was to not venture outside. They need to keep the | :06:08. | :06:12. | |
streets clear for emergency vehicles to get to the people that | :06:12. | :06:17. | |
really need help because power is off in various places. A lot of the | :06:17. | :06:21. | |
cities in residential areas is underwater so people are | :06:21. | :06:24. | |
effectively trapped in their buildings without power. They say | :06:24. | :06:29. | |
don't venture out to look at the state of devastation of your | :06:29. | :06:34. | |
neighbourhood - stay inside and stay tuned into your radio or | :06:34. | :06:39. | |
television. The emergency services need to assess the scope of the | :06:39. | :06:49. | |
:06:49. | :06:52. | ||
damage. Joining me now from north Virginia is addressed helping with | :06:52. | :06:59. | |
the clean-up. What ideally would you like to be able to do today? | :06:59. | :07:05. | |
Ideally we would like to be able to identify some of the hardest-hit | :07:05. | :07:10. | |
areas and mobilise our team here from Virginia to get to those areas. | :07:10. | :07:15. | |
We don't expect to be responding - fortunately we passed with little | :07:15. | :07:23. | |
incident here. We want to go to the hardest-hit area, and our team goes | :07:23. | :07:30. | |
to areas where trees have fallen on rooms, waterproofing rooms so rain | :07:30. | :07:34. | |
can't get in. This morning we will be looking for the hardest-hit | :07:34. | :07:38. | |
areas and seeing how we can get there. They message coming from | :07:38. | :07:44. | |
further up the coast is don't go out, stay Ian, look after | :07:44. | :07:50. | |
yourselves, be careful. Do different rules apply for you? | :07:50. | :07:54. | |
Operation Blessing co-ordinate closely with local officials and we | :07:54. | :07:59. | |
have credentials allowing us to move in and out of restricted zones | :07:59. | :08:04. | |
so we have access to the areas that need our help most. You have seen | :08:04. | :08:10. | |
the pictures, David, they are in some cases quite extraordinary. How | :08:10. | :08:15. | |
have you taken this in? It is shocking to see what has happened | :08:15. | :08:21. | |
to the north of us, especially in New York and New Jersey. We are | :08:21. | :08:25. | |
used to seeing this type of destruction across the US. We get | :08:26. | :08:34. | |
hit by hurricanes every year and this response of the time. We are | :08:34. | :08:38. | |
used to going out on clean-up operations on that is what we will | :08:38. | :08:48. | |
:08:48. | :08:49. | ||
be starting today. Thank you. Now a slightly different | :08:49. | :08:54. | |
perspective on the same story. Absolutely - the cost. It is | :08:54. | :08:58. | |
difficult to estimate insurance losses but groups are already doing | :08:58. | :09:06. | |
this. Insurance claim losses come very between five-$10 billion. The | :09:06. | :09:13. | |
economic cost could go up to $20 billion. The problem is when you | :09:13. | :09:16. | |
have two days, Furlan unprecedented, when you have the New York stock | :09:17. | :09:21. | |
market closed you get financial pressures starting to build, | :09:21. | :09:25. | |
starting to mount. People have to do transactions, trade has to be | :09:26. | :09:34. | |
done. We heard the figure of two does closure not happening since | :09:34. | :09:38. | |
1988, a gain due to adverse weather. We know that banks' trading | :09:38. | :09:42. | |
officers will be losing revenue over these two days, that more | :09:42. | :09:47. | |
mount into the tens of millions of dollars, but also the cancellation. | :09:47. | :09:51. | |
We are in the middle of the season when the companies say how they | :09:51. | :09:56. | |
have been performing, a lot of cancellations on those. Burger King | :09:57. | :10:02. | |
as an example. Earlier I spoke to the director of Control Risks, he | :10:02. | :10:05. | |
was explaining some of the strategies businesses are putting | :10:05. | :10:11. | |
in place to cope. Those big organisations, particularly in New | :10:11. | :10:16. | |
York I guess, have plans in order to cope with the range of possible | :10:16. | :10:22. | |
disasters and severe disruptions to their business. The US itself as a | :10:22. | :10:27. | |
whole lives in the spectre of Hurricane Katrina and the criticism, | :10:27. | :10:30. | |
both political and from a business point of view, that was levelled | :10:31. | :10:36. | |
against organisations for their ill prepared nurse, a lot has been done | :10:36. | :10:41. | |
to make the government more resilient, the public sector more | :10:41. | :10:48. | |
resilient, and 9/11 for New York, the trauma of 9/11 really made it | :10:48. | :10:50. | |
imperative for New York-based organisation is to have plans in | :10:50. | :10:54. | |
place so that something like this, which is highly unusual but we did | :10:54. | :10:59. | |
know what was coming, they should be able to cope as best as possible. | :10:59. | :11:03. | |
I guess also for companies it is about taking practical measures. | :11:03. | :11:08. | |
Some reports have suggested some New York-based companies are using | :11:08. | :11:13. | |
London operations to keep the wheels going, staff at home doing | :11:13. | :11:17. | |
paperwork that they say they would normally not have the time to do. | :11:17. | :11:22. | |
Exactly because what has happened in the last few years is this | :11:22. | :11:26. | |
nature of modern communications makes it much easier for people to | :11:26. | :11:30. | |
do their jobs without coming every day to a fixed central location. | :11:30. | :11:37. | |
The other aspect is we are talking about a lot of major international | :11:37. | :11:39. | |
organisations and national organisations within the United | :11:40. | :11:44. | |
States, they have got to have plans so that if the New York facilities | :11:45. | :11:50. | |
closed for whatever reason they can pick that up elsewhere in the US or | :11:50. | :11:54. | |
internationally. We saw with the earthquake in Fokker she met in | :11:54. | :11:59. | |
Japan and the flooding in Thailand couple of years ago, just how | :11:59. | :12:09. | |
:12:09. | :12:17. | ||
taught international supply chains are. | :12:17. | :12:22. | |
UBS, one of Europe's biggest banks, has confirmed it is axing 10,000 | :12:22. | :12:27. | |
jobs in its investment banking division. 2500 lay-offs will be in | :12:27. | :12:32. | |
Switzerland, the rest are hitting London and New York. It made a loss | :12:32. | :12:36. | |
of around $2.3 billion for the third quarter, compared to a | :12:37. | :12:41. | |
billion-dollar profit the year before. The chief executive said it | :12:41. | :12:51. | |
was a difficult decision. TRANSLATION: The whole bank must | :12:51. | :12:55. | |
become more efficient to enable us to generate means to reinvest into | :12:55. | :13:03. | |
our own business. We will reinvest 1.5 billion over the next five | :13:03. | :13:06. | |
years in order to finance our growth. | :13:06. | :13:11. | |
The news in Japan, the Bank of Japan has announced its latest set | :13:11. | :13:19. | |
to boost the world's third largest economy. $139 billion will be | :13:19. | :13:25. | |
pumped into the system from Tokyo. Essentially, this is printing more | :13:25. | :13:29. | |
money, and it will be buying assets with that money. It has also said | :13:29. | :13:34. | |
it will keep interest rates close to zero, effectively a zero | :13:34. | :13:37. | |
interest rate. The reason the Bank of Japan is doing this is because | :13:37. | :13:42. | |
in the last couple mums the economic outlook has turned bleak | :13:42. | :13:46. | |
and it looks like Japan's economy is heading back into recession. In | :13:46. | :13:52. | |
September Japan reported the worst trade figures in more than 30 years | :13:52. | :13:56. | |
with 10% fall in exports in one month. Factory output in September | :13:56. | :14:01. | |
fell by more than 4%. Japan's economy is being hit from three | :14:01. | :14:06. | |
sides at once - firstly from the eurozone crisis meaning people are | :14:06. | :14:11. | |
not buying Japanese products, secondly the high yen, making | :14:11. | :14:14. | |
Japanese products expensive overseas, and thirdly most recently | :14:14. | :14:18. | |
from the political crisis with China meaning people in China have | :14:18. | :14:23. | |
suddenly stopped buying Japanese products. The Bank of Japan feels | :14:23. | :14:28. | |
it has no alternative but to flood the market with cheap money in the | :14:28. | :14:32. | |
hope of boosting domestic consumption here at home. The | :14:32. | :14:35. | |
trouble is this so-called quantitative easing has been tried | :14:35. | :14:39. | |
many times in Japan and economists say it simply doesn't work. | :14:40. | :14:45. | |
latest figures from Spain show it is certainly stuck in recession. | :14:45. | :14:51. | |
Economic growth shrank by 0.3% in the three months until September, | :14:51. | :14:55. | |
the fifth consecutive contraction. Inflation figures show the cost of | :14:55. | :15:05. | |
:15:05. | :15:13. | ||
living is getting more expensive $:/STARTFEED. Thank you for a | :15:13. | :15:18. | |
watching BBC World News, still to come: It is dawn coming over the | :15:18. | :15:28. | |
:15:28. | :15:29. | ||
States where they are beginning to assess the damage from Sandy. Voter | :15:29. | :15:35. | |
fraud is one of the issues worrying the authorities in the US ahead of | :15:35. | :15:39. | |
the presidential election. There are new bills to deal with it. Have | :15:39. | :15:49. | |
:15:49. | :15:49. | ||
Apology for the loss of subtitles for 107 seconds | :15:49. | :17:37. | |
A tiny number at the end. A major airport in northern Japan has been | :17:37. | :17:41. | |
closed after what is thought to be an unexploded Second World War bomb, | :17:41. | :17:49. | |
which was discovered. It was an American one. All 92 domestic and | :17:49. | :17:52. | |
international flights scheduled through the course of Tuesday have | :17:52. | :18:02. | |
:18:02. | :18:08. | ||
been cancelled. More on that story on the website. This is BBC World | :18:08. | :18:13. | |
News, these are the headlines: At least 16 people have been killed in | :18:13. | :18:20. | |
the US and Canada as tropical storm Sandy sweeps in land. Some 50 homes | :18:20. | :18:24. | |
engulfed in flames in the New York suburb of queens. Millions of | :18:24. | :18:30. | |
people are without power or transport. We will stay with Sandy | :18:30. | :18:35. | |
because it has been wreaking damage across the eastern United States | :18:35. | :18:38. | |
and a busy's Tahman Bradley has been following developments in | :18:39. | :18:44. | |
Ocean City in Maryland. Sandy was the monster we feared. | :18:44. | :18:50. | |
The rain has let up, but New York's city was devastated. Sandy made | :18:50. | :18:55. | |
landfall last night in southern New Jersey and Atlantic City was almost | :18:55. | :19:01. | |
wiped out. That city is waking up this morning under water. There is | :19:01. | :19:07. | |
flooding in lower Manhattan. A hospital was evacuated. Hundreds of | :19:07. | :19:11. | |
patents, including small children, had to be rushed out. President | :19:11. | :19:18. | |
Obama called New York a disaster area. We also heard a flood levee | :19:18. | :19:23. | |
breached in New Jersey outside New York. The Stock Exchange is going | :19:23. | :19:28. | |
to be closed for a second, straight day. There are almost 5 million | :19:28. | :19:34. | |
people in the United States without power this morning. There are eight | :19:34. | :19:39. | |
states that will be experiencing snowfall. This was a monster storm, | :19:39. | :19:44. | |
a big system. People are still worried about flooding. | :19:44. | :19:49. | |
It is interesting the way you talk about New York State. Do the people | :19:49. | :19:53. | |
of Mary Langfield perhaps in some small way they have got away with | :19:53. | :20:01. | |
it? I would not say that because right now people have not gone out | :20:01. | :20:05. | |
to survey the damage. We well know the impact in the days to come. | :20:05. | :20:10. | |
There was a lot of flooding and there are a lot of people trap. And | :20:10. | :20:14. | |
number of people took refuge in shelters and left their homes, but | :20:14. | :20:18. | |
we will have to see how devastating this was after the storm blows | :20:18. | :20:24. | |
through. At least six people are reported to have been killed in a | :20:24. | :20:31. | |
raid by the Syrian air force. The strike hit a town 300 kilometres | :20:31. | :20:36. | |
north of Damascus. Yesterday there were more than 60 air strikes | :20:36. | :20:41. | |
across the country. There has been fresh fighting between the two | :20:41. | :20:46. | |
sides close to the Turkish border. Our correspondent joins us from | :20:46. | :20:50. | |
Beirut in neighbouring Lebanon. It feels like it goes from bad to | :20:50. | :20:57. | |
worse. That is exactly the phrase the special UN and Arab League | :20:57. | :21:02. | |
envoy used yesterday in Moscow. He said it is bad, and it is getting | :21:02. | :21:09. | |
worse. What we are focusing on at the moment is the strike on a town | :21:09. | :21:14. | |
on the main highway between Damascus and Aleppo in the north, a | :21:14. | :21:20. | |
very strategic town. Now it has been heavily bombarded by war | :21:20. | :21:28. | |
planes. There is some very distressing video on the internet | :21:28. | :21:30. | |
showing a newly demolished building with people scrabbling to pull dead | :21:31. | :21:35. | |
children out of the building. Later it shows the bodies of six people | :21:36. | :21:40. | |
laid out, presumably on the mosque floor, five of them children. | :21:40. | :21:44. | |
Civilians are caught up in what is increasingly becoming a very | :21:44. | :21:48. | |
vicious military struggle between the opposition and the Government | :21:48. | :21:52. | |
with both apparently believing they can win and pulling out all the | :21:52. | :21:56. | |
stops and showing no sign of heeding calls for a halt to the | :21:56. | :22:02. | |
violence and they start to talks. Was this particular attack of | :22:02. | :22:07. | |
particular strategic significance or just one more or in an ongoing, | :22:07. | :22:13. | |
bloody conflict? It is both, but it is a strategic target. It is a town | :22:13. | :22:19. | |
which straddles and controls the major strategic highway linking the | :22:19. | :22:24. | |
country's two big cities. If you do not control that, you find it very | :22:24. | :22:29. | |
difficult to move on the ground between the two cities. We always | :22:30. | :22:33. | |
said until those cities got caught up in the conflict, the Government | :22:33. | :22:38. | |
would not be in danger. But they are both very much caught up and | :22:38. | :22:41. | |
they are providing the bulk of the casualties and that is why it is | :22:41. | :22:47. | |
such a strategic place to control. The former Serbian army chief | :22:47. | :22:52. | |
Momcilo Perisic is appealing his conviction for crimes against | :22:52. | :22:55. | |
humanity at the International Criminal Tribunal for the former | :22:55. | :22:59. | |
Yugoslavia in the Hague. He was the chief of staff in the Yugoslav army. | :22:59. | :23:03. | |
He was found guilty of aiding and abetting the shelling of the | :23:03. | :23:09. | |
Bosnian capital Sarajevo. He maintains he was not aware of all | :23:09. | :23:14. | |
responsible for any atrocities. The heads of five major | :23:15. | :23:17. | |
international financial organisations are gathering with | :23:17. | :23:21. | |
the German Chancellor in Berlin. They will be voicing their concerns | :23:21. | :23:26. | |
about the continuing world economic slowdown. They include the leaders | :23:26. | :23:31. | |
of the World Bank, the World Trade Organisation and the IMF. In | :23:31. | :23:36. | |
Germany unemployment figures have just been released along with the | :23:36. | :23:41. | |
Labour Organisation statistics due out in a few hours' time. Plenty of | :23:41. | :23:46. | |
information at their fingertips. Steve Evans is in Berlin and told | :23:46. | :23:49. | |
me the German Chancellor was not likely to welcome the message of | :23:49. | :23:56. | |
less austerity being argued for by the leaders. These are the five big | :23:56. | :24:00. | |
umbrella organisations to do with economics. The message coming from | :24:00. | :24:06. | |
them is that you have to think about the pace of deficit-reduction, | :24:06. | :24:11. | |
the pace of austerity, in the light of the circumstances on the ground. | :24:11. | :24:18. | |
The message from the IMF is that if you go too fast with deficit | :24:18. | :24:22. | |
reduction, then you may make the economy that you are addressing | :24:22. | :24:28. | |
even worse and worse than the situation you are trying to cure. | :24:28. | :24:33. | |
The obvious point is Greece where the argument is that by enforcing | :24:33. | :24:38. | |
strict rules you make the patient more ill. That message will come | :24:38. | :24:44. | |
across loud and clear. These five people at the top of these | :24:44. | :24:47. | |
organisations met President Francois as Holland 24 hours ago | :24:47. | :24:52. | |
and made the same case. They were pushing at an open door, he agreed | :24:52. | :24:57. | |
with them. When they meet Angela Merkel it will not be an open door. | :24:57. | :25:01. | |
I'm sure they will be very polite and there will be a lot of | :25:01. | :25:05. | |
listening, but at the end of it all there is no sign of much movement | :25:05. | :25:10. | |
from the German Government. I do not suppose it helps Angela Merkel | :25:10. | :25:14. | |
when we look at the employment figures come out today. Not enough | :25:14. | :25:20. | |
to make her shift, but not comfortable. No, because the | :25:20. | :25:24. | |
argument becomes very real if your own economy is slowing down. All | :25:24. | :25:31. | |
the indications are is that the German economy is slowing down. The | :25:31. | :25:36. | |
rate of unemployment remains the same, but the number is going up a | :25:36. | :25:41. | |
little bit. In other words, the mute and is in the wrong direction. | :25:41. | :25:46. | |
Maybe that will make her think the economy needs a stimulus. Members | :25:46. | :25:49. | |
of the Iranian National Symphony Orchestra say it has been disbanded | :25:49. | :25:54. | |
because of a lack of funds. The musicians have not been paid for | :25:54. | :25:58. | |
three months and it is not cause -- it is not clear if the problems | :25:58. | :26:02. | |
have been caused by Western sanctions or the disapproval of | :26:02. | :26:07. | |
clerics. Afghanistan is hosting its first | :26:07. | :26:11. | |
ever professional boxing bout in the capital Kabul. Millions of | :26:11. | :26:14. | |
Afghans are expected to watch the fight between the middleweight | :26:14. | :26:24. | |
champions. The contest is called fight for peace and will be | :26:24. | :26:30. | |
broadcast live. Let me recap on the main story. 16 people have been | :26:30. | :26:34. | |
killed as a result of Superstorm Sandy which has struck the east | :26:34. | :26:40. | |
coast of America. Around 6 million are up without power. This is the | :26:40. | :26:45. | |
borough of Queens in New York. 50 homes caught fire, they have been | :26:45. | :26:51. | |
destroyed. A quick look at New Jersey. This is where Sandy came in | :26:51. | :26:55. |