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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 383.12+0.8%Nov 26 4:00 PM EST
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To: Snowshoe who wrote (1662)10/26/2005 8:38:09 PM
From: Maurice Winn  Read Replies (2) of 218065
 
Snow, when you wander around Europe, it's striking how many buildings are earthquake-prone stacked rock. A decent earthquake would bring down huge amounts of masonry.

Even modern buildings seemed to me to have trivial amounts of steel in them. Buildings in New Zealand, where we have constant earthquakes, are designed to not fall down in even the biggest earthquakes. They have a lot of steel in them.

Buildings built since the 1970s in NZ should not fail. Well, they'll fail, but not fall. Reinforced concrete absorbs energy during the shaking, cracking and yielding. So they are ruined but don't fall down. They'll need to be pulled down afterwards.

I think these days, modern construction is done with expectation that the buildings will not just remain standing, but will remain in service, with superficial repairs being required.

I spent some time in Montpellier this northern summer and it is a disaster waiting to happen [in the old centre especially which would turn to a pile of rubble].

Europe doesn't get many earthquakes, but I learned recently that it does in fact get them now and then. Once will be more than enough.

Mqurice
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