Is March 2009 Going To Be A Bloodbath For The Australian Economy?

 

Deadly flooding in the Philippines from a typhoon has claimed dozens of lives. A governor says at least 33 drowned when water dumped by the storm rushed down a mountain and engulfed the victims. Floodwaters also swept away a truck. (Dec. 4) More than 40 people have been killed after a powerful typhoon swept across the southern Philippines, according to local media reports. Typhoon Bopha made landfall on Mindanao, bringing heavy rain and wind gusts of 210 km/h (130mph) and forcing 40000 people to be evacuated. The storm has also caused power cuts, travel disruption and flooding in areas at risk of landslides. The mining province of Compostela Valley was among the worst affected. At least 43 people died and 25 were reported injured when torrents of water rushed down a mountain on to Andap village in the valley, local news sources reported. The region’s governor, Arturo Uy, said the victims included villagers sheltering in the village hall which was engulfed by the waters. An army truck carrying soldiers and civilians was also swept away. The National Disaster Risk Reduction Management Council said that it had reports of four additional confirmed deaths. Three of those who died had been hit by trees and one person had drowned, it said. Flights suspended Benito Ramos, of the national disaster agency, said the death toll was expected to rise once soldiers and police gained access to the far-flung villages isolated by floods, fallen trees and damaged communications. Locator map <b>…</b>
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