The residents of Hong Kong woke up today morning to learn that the city is literally at stand still as authorities shut down the city to prepare for the Typhoon Nida. Authorities asked the people to stay back at their homes and even warned of flooding though the typhoon is now downgraded. With a wind speed of upto 90 miles per hour Nida could prove disastrous for the Hong Kongers.
As Hongkong is facing the Typhoon, Chinese authorities are taking no risk. Cities in the Peral River delta area are preparing for the worst as residents seems to piling stock of food supplies. The super market food shelves emptied as the news hit the cities early on Monday. The airport authorities at Shenzhen airport canceled all flights from Monday midnight. More than 320 flights are expected to rescheduled as a result of the typhoon. The streets are empty and heavy rainfall is continuing as we report this.
Majority of the bus services and ferry are canceled. The trains are running at less frequently. The Hong Kong stock exchange is closed for trading on Tuesday.
For latest situation on Hong Kong weather condition visit the weather.com’s update.
Asian continent is preparing to have a greater role in the activities of the International Monetary Fund IMF. This was disclosed in Beijing China.
The ongoing crises in the world number one monetary institution seemed to have reawakened the consciousness of the Asian continent for greater involvement in the affairs of the fund. Recently the controversy surrounding the sexual harassment leveled against the immediate past head of the fund Mr. Strauss Kahn has consumed his career in the organization as he has thrown in the towel as the chief executive of the fund. Already he is facing a legal prosecution over the matter.
It is not likely that an Asian would be appointed to replace him in office as the position is exclusively meant for a European to occupy. The official from china can only be appointed the deputy managing director of the fund and not the managing director. Although since the post would be contested by interested European countries it is likely that china and indeed the other Asian countries would play the power broker role in deciding whoever emerges as the next head of the international monetary fund.
It would be expected that a new chief executive would be appointed for the fund in no distant time as the resignation of the former chief has created a vacuum in the administration of the fund. Already the IMF has been asked to look in the direction of Europe for the new chief.