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Glacier Bursts in India, Leaving Extra Than 100 Lacking in Floods

NEW DELHI – A Himalayan glacier broke, causing sudden, massive flooding in the northern Indian state of Uttarakhand on Sunday, destroying two dam projects and forcing authorities to try to evacuate villages and save more than 100 lives.

Trivendra Singh Rawat, the prime minister of Uttarakhand, said seven bodies had been recovered and that about 125 people, including many workers on the two largely swept away hydropower projects, were not reported.

“An avalanche came and completely broke the Rishiganga power plant project and almost all of the workers there are missing,” said Ashok Kumar, the Uttarakhand police chief. “When the water came downriver, we alerted the people.”

The scenes were reminiscent of floods in Uttarakhand in 2013, when heavy rain for several days led to landslides in which thousands of people were killed and entire villages were washed away.

But the latest disaster has also aroused fears about what is to come. Scientists who said a glacier breaking in the middle of winter was a result of climate change have warned that rising temperatures are melting Himalayan glaciers at an alarming rate. The glaciers that provide water to tens of millions of people may have largely disappeared by the end of the century, according to a recent study.

The Chamoli district in Uttarakhand appeared to be hardest hit by the flowing Dhauliganga River. Amit Shah, India’s interior minister, said the country’s disaster relief teams had been flown in. Hundreds of soldiers and members of the Indian-Tibetan border police were also there, other officials said.

Videos on social media showed violent water fluctuations down the mountain canyons, washing away bridges, and what hydroelectric power stations looked like one of the dams.

Officials said 35 people were working on the Rishiganga power plant project, which was closer to the swept glacier, and 176 others were working on a second project about three miles downstream.

Ratan Singh Rana, 55, from Raini village near the Rishiganga Project, said the water flowed down the mountain around 10:30 a.m.

“I was sitting on the floor of my house,” he said. “I saw black liquid flowing from the Nanda Devi mountainside – with a lot of noise downwards – as if a volcano had erupted.”

“It was only 20-25 meters from us,” he added. “We ran uphill about 250 meters and kept crying and shouting, ‘Bhago, bhago! Bachao, bachao! “He said, using the Hindi words for” run “and” save us! ” “

Mr. Rana said the muddy water swept large boulders and ice downstream. His daughter and granddaughter were trapped in the house, and mud debris locked the main entrance. You managed to save her from the back of the house.

“We thought the whole world would drown in it,” he said. “I thought that today is the end, that we would leave this world today.”

Late on Sunday afternoon, the worst damage from the flooding appeared to be over.

Prime Minister Mr Rawat visited Chamoli and posted a video on Twitter indicating that water flow had slowed. He expressed hope that some of the missing could be saved. Local media reports say 16 people trapped in a tunnel have so far been rescued.

“Our particular focus is on rescuing the workers trapped in the tunnels,” he said.

The disaster led critics to point fingers at the government for building a dam near the glaciers at a time when the area is so vulnerable to climate change.

Uma Bharti, a former minister of water resources and river development in Prime Minister Narendra Modi’s government, said she had warned against placing a hydropower project on the river near the Himalayas.

“This incident, which occurred near Rishiganga in the Himalayas, is both worrying and cautionary,” Ms. Bharti said on Twitter. She said she warned that the Himalayas “is a very sensitive area and therefore these projects on the Ganges and its tributaries should not be built.”

Anil Joshi, an environmentalist who studies the Himalayan region, said the swept-away dam was built on India’s second highest mountain just a few kilometers from the Nanda Devi Glacier.

“At this point, a glacier avalanche is indicative of climate change,” Joshi said, referring to how the episode happened during the winter cold. “Changes in temperature caused glaciers to detach and damaged the dam in Rishiganga.”

Mr Joshi said he had difficulty understanding why the government built the dam so close to the glacier. “Now this water is flowing at cyclone speed.” he said.

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Business

The Week in Enterprise: The Meme Inventory Bubble Bursts

Happy Super Bowl Sunday. Here are the key business stories for the week ahead. – Charlotte Cowles

27 years after founding Amazon, Jeff Bezos is handing over his job as managing director to one of his protégés, Andy Jassy, ​​who heads the company’s lucrative cloud computing department. Mr Bezos becomes the CEO of Amazon and participates in high-level decision-making, but it is still the end of an era for the largest e-commerce retailer in the country. He walks away on pretty good marks: Amazon’s most recent quarterly revenue topped $ 100 billion for the first time, and the company’s worth ($ 1.7 trillion) has Mr. Bezos one of the richest people in the world made. However, we face challenges as the company is increasingly scrutinized by lawmakers and antitrust authorities to determine whether it is exercising its influence illegally.

Well, here’s something unsurprising: shares of GameStop – the company that sparked an online stock buying frenzy that upset the markets – fell back to earth, falling to a tiny fraction of what they were a few days earlier had held. The same army of retail investors that fueled GameStop’s boom-and-bust cycle had also snapped up stocks of underdogs like AMC Entertainment and BlackBerry, whose prices also crashed last week. The rapid devaluation of so-called meme stocks, named for their popularity on social media, has led investors to wonder who to blame for their losses. However, when the market stabilized it had its biggest rally in months.

Will the GameStop saga change the regulation of stock trading? Maybe. Recently confirmed Treasury Secretary Janet Yellen held a meeting with senior regulators on Thursday to discuss the increasing prevalence of retail investing – stock trading made easy (and free) with apps like Robinhood and E-Trade. The advantage of these platforms is that they make investing more accessible to ordinary (read: not Wall Street) people. If the past few weeks have taught us anything, the whims of these individual stock traders can also create volatility that harms investors of all kinds.

The Biden administration and the Democrats in Congress are calling for their sweeping coronavirus relief bill of $ 1.9 trillion and will work out the final details this week. In order to avoid possible deadlocks, the Senate Democrats have passed a budget framework that allows the aid package to be passed with a simple majority and without Republican support. President Biden said he was still hoping to compromise with Republicans who had opposed the scope and price of the bill. But he’s unwilling to waste time soliciting their votes or focusing on cornerstones like school aid or direct payments of $ 1,400 to skilled Americans. And with the grim report on Jobs in January, there’s no moment to lose.

Voting technology company Smartmatic has filed a $ 2.7 billion defamation lawsuit against Fox News, three of its anchors, and attorneys Rudolph Giuliani and Sidney Powell. The company accuses the defendants of harming their business and reputation by spreading false theories about its services as part of their discredited allegations of widespread fraud in the 2020 elections. In its complaint, Smartmatic argues that Mr. Giuliani and Ms. Powell, who represented former President Donald J. Trump, “made a story about Smartmatic” and that “Fox joined the conspiracy to provide Smartmatic and its voting technology and software defame and belittle. ”

The cost of Super Bowl ads remained similar to the previous year – about $ 5.6 million for a 30-second commercial. It’s the first time the rate hasn’t increased significantly in over a decade, and it took CBS much longer than usual to sell all of the slots. It’s an odd time for marketing, after all, and advertisers face a dilemma: are you playing on the pandemic and reminding viewers of a nightmare they were hoping for a precious few hours? Or do you ignore it and risk looking numb? The ads are dominated by pandemic-popular companies such as the delivery service app DoorDash, the Mexican take-out chain Chipotle and the recently troubled investment platform Robinhood.