Wednesday, March 23, 2011

Lost in productivity

The earthquakes that have hit northern part of Japan destroyed so many things.
City, buildings, transportation, lives... the disaster not only affected the local area but Japan, 
as a country, is damaged in so many ways. 

After a week from the incident, the country is still in repair of nuclear electricity plant, 
where the majority of domestic energy had been generated. 
Rolling blackouts are scheduled daily. Companies like Toyota have not been able to 
operate their production facility. Needless to say, this is a huge loss for Japan. 
An economist essay wrote off that this is the world's worst economic loss from natural disaster 
since 1965. 
Together with the second Kobe earthquake, Japan faced such a deadly crisis 
in nearly 15 years. Not only did fallout from economic bubble, but to add an insult to injury,
Japan has been hit twice from the disasters. 

Lesson to be learned; 
Look first two and then the third. 
We can learn how much the insurance is important.