Page 3 of the Introductory Brochure
I will use these 10 days just to keep the Article on the Front Page
each day a little Relevant Topic of Interest
Obviously May 2008 was far more Significant in Shaping Mankind Future than May 1968
but realy no one realy understands that May 2008 existed
simply because it is NOT politicaly Correct
May 1968 - May 2008
Extremely Severe Cyclonic Storm Nargis (نرگس [ˈnərɡɪs]), also known as Cyclone Nargis, caused the worst natural disaster in the recorded history of Myanmar during early May 2008. The cyclone made landfall in Myanmar on Friday, 2 May 2008, sending a storm surge 40 kilometres up the densely populated Irrawaddy delta, causing catastrophic destruction and at least 138,000 fatalities. The Labutta Township alone was reported to have 80,000 dead, with about 10,000 more deaths in Bogale. There were around 55,000 people missing and many other deaths were found in other towns and areas, although the Myanmar government's official death toll may have been under-reported, and there have been allegations that government officials stopped updating the death toll after 138,000 to minimize political fallout. The feared 'second wave' of fatalities from disease and lack of relief efforts never materialized. Damage was estimated at over K62,988,000,000 (US$10 billion), which made it the most damaging cyclone ever recorded in this basin.
The first named storm of the 2008 North Indian Ocean cyclone season, Nargis developed on 27 April in the central area of Bay of Bengal. Initially it tracked slowly northwestward and, encountering favourable conditions, it quickly strengthened. Dry air weakened the cyclone on 29 April, though after beginning a steady eastward motion Nargis rapidly intensified to attain peak winds of at least 165 km/h (105 mph) on 2 May according to IMD observations; the JTWC assessed peak winds of 215 km/h (130 mph), making it a weak Category 4 cyclone on the SSHS. The cyclone moved ashore in the Ayeyarwady Division of Myanmar at peak intensity and, after passing near the major city of Yangon (Rangoon), the storm gradually weakened until dissipating near the border of Myanmar and Thailand.
Nargis is the deadliest named cyclone in the North Indian Ocean Basin, as well as the second-deadliest named cyclone of all time, behind Typhoon Nina of 1975. Including unnamed storms like the 1970 Bhola cyclone, Nargis is the eighth-deadliest cyclone of all time, but an uncertainty between the deaths caused by Nargis and those caused by other cyclones (like the 1991 Bangladesh cyclone), could put Nargis as seventh-deadliest or higher, because the exact death toll is uncertain. Nargis was the first tropical cyclone to strike the country since Cyclone Mala made landfall in 2006, which was slightly stronger, but had a significantly lower impact. According to reports, Indian authorities had warned Myanmar about the danger that Cyclone Nargis posed 48 hours before it hit the country's coast.
The 2008 Sichuan earthquake (Chinese: 汶川大地震; pinyin: Wènchuān dà dìzhèn; literally: "Great Wenchuan earthquake"), also known as the First Great Sichuan earthquake or Wenchuan earthquake, occurred at 14:28:01 China Standard Time on May 12, 2008. Measuring at 8.0 Ms, the earthquake's epicenter was located 80 kilometres (50 mi) west-northwest of Chengdu, the provincial capital, with a focal depth of 19 km (12 mi). The earthquake was also felt in nearby countries and as far away as both Beijing and Shanghai—1,500 km (930 mi) and 1,700 km (1,060 mi) away—where office buildings swayed with the tremor. Strong aftershocks, some exceeding 6 Ms, continued to hit the area up to several months after the main quake, causing further casualties and damage.
Over 69,000 people lost their lives in the quake, including 68,636 in Sichuan province. 374,176 were reported injured, with 18,222 listed as missing as of July 2008. The earthquake left about 4.8 million people homeless, though the number could be as high as 11 million. Approximately 15 million people lived in the affected area. It was the deadliest earthquake to hit China since the 1976 Tangshan earthquake, which killed at least 240,000 people, and the strongest in the country since the 1950 Chayu earthquake, which registered at 8.5 on the Richter magnitude scale. It is the 21st deadliest earthquake of all time. On November 6, 2008, the central government announced that it would spend 1 trillion RMB (about US $146.5 billion) over the next three years to rebuild areas ravaged by the earthquake, as part of the Chinese economic stimulus program.
The Russo-Georgian War was a war between Georgia, Russia and the Russian-backed self-proclaimed republics of South Ossetia and Abkhazia.[note 3] The war took place in August 2008 following a period of worsening relations between Russia and Georgia, both formerly constituent republics of the Soviet Union. The fighting took place in the strategically important Transcaucasia region. It was regarded as the first European war of the 21st century.
The Republic of Georgia declared its independence in early 1991 as the Soviet Union began to fall apart. Amidst this backdrop, a war between Georgia and separatists left parts of the former South Ossetian Autonomous Oblast under the de facto control of Russian-backed but internationally unrecognised separatists. Following the war, a joint peacekeeping force of Georgian, Russian, and Ossetian troops was stationed in the territory. Meanwhile, a similar stalemate developed in the region of Abkhazia, where Abkhaz separatists had waged their own war in 1992–1993. Following Vladimir Putin's rise to power in Russia in 2000 and a pro-Western change of power in Georgia in 2003, relations between Russia and Georgia began to deteriorate, reaching a full diplomatic crisis by April 2008. By 1 August 2008, Ossetian separatists began shelling Georgian villages, with a sporadic response from Georgian peacekeepers in the region. Artillery attacks by pro-Russian separatists broke a 1992 ceasefire agreement. To put an end to these attacks and restore order, the Georgian Army was sent to the South Ossetian conflict zone on 7 August. Georgians took control of most of Tskhinvali, a separatist stronghold, in hours.
The financial crisis of 2007–2008, also known as the global financial crisis and the 2008 financial crisis, is considered by many economists to have been the worst financial crisis since the Great Depression of the 1930s.
It began in 2007 with a crisis in the subprime mortgage market in the US, and developed into a full-blown international banking crisis with the collapse of the investment bank Lehman Brothers on September 15, 2008. Excessive risk-taking by banks such as Lehman Brothers helped to magnify the financial impact globally. Massive bail-outs of financial institutions and other palliative monetary and fiscal policies were employed to prevent a possible collapse of the world financial system. The crisis was nonetheless followed by a global economic downturn, the Great Recession. The European debt crisis, a crisis in the banking system of the European countries using the euro, followed later.
The Dodd–Frank Act was enacted in the US in the aftermath of the crisis to "promote the financial stability of the United States". The Basel III capital and liquidity standards were adopted by countries around the world.
Ten Years after this Year
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Edited by Asterix, 06 January 2018 - 05:29 AM.