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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: RealMuLan who wrote (58065)	1/2/2005 6:16:41 AM
From: Snowshoe	Read Replies (1) of 74559

Tsunami Group Will Expand Its Network nytimes.com By ANDREW C. REVKIN Published: January 2, 2005 Officials in charge of the existing international tsunami warning system, which covers only the Pacific Ocean, have taken an initial step to broaden the network to the Indian Ocean and other possible trouble spots, agreeing to distribute their bulletins on earthquakes and possible waves "to anyone who wants to receive the messages." Until now the bulletins had gone only to about 300 agencies and individual scientists tracking conditions mainly in the Pacific, which has historically experienced 90 percent of the world's underwater earthquakes and tsunamis. The Web site for the office of the tsunami monitoring service is ioc.unesco.org. The first bulletin went out over the public alert system yesterday and described a magnitude 6.5 earthquake that occurred west of Sumatra at 1:25 p.m. local time - the strongest of five aftershocks that shook the region yesterday. Peter Pissierssens, the director of ocean services for the Paris-based Intergovernmental Oceanographic Commission, a United Nations agency, emphasized that the public bulletins were just a first step. A workable system in the Indian Ocean would require countries there to expand their own networks of tide gauges and seismographs and integrate them to ensure that warnings could be sent quickly, he said. Some tsunami experts had been pressing Indian Ocean countries in recent years to take the danger into account and develop warning systems. Seismologists said the earthquake did nothing to relieve pressure in other places along the fault line off the Sumatran coast. "The danger isn't over," said Dr. Robert McCaffrey, a geophysicist at Rensselaer Polytechnic Institute in Troy, N.Y.

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