Tuesday, August 10, 2010
Moscow residents continue to suffer in the heat-filled smog and smoke covering the city. It's the country's hottest weather on record.
Moscow is under siege from Russia's hottest weather since records began 130 years ago.
Thousands have been left homeless due to fires caused by the heat, which is also responsible for the smoke and smog covering Moscow.
Many city residents could be seen wearing face masks on Monday, while officials have advised Moscow residents against venturing outdoors.
Not everyone is convinced that the masks can help.
"I think these masks -- which are easy to buy and which everybody wears -- don't help, it's just self-delusion. Anyway it's impossible to buy those masks which can help, at least I don't know how to get them."
The average city death rates have nearly doubled since the heat wave struck and air pollution is at a dangerous high.
Moscow's health department chief said the heat wave was fully to blame for the rocketing death rates.
[Andrei Seltsovsky, Moscow Health Department Head]:
"The average death rate in the city during normal times is between 360-380 people a day. Today, we have around 700. This is no secret. Everyone thinks we're trying to keep it secret. Look, it is 40 degrees [celsius] on the street."
The government has been attacked by some Russians for its response to the fires.
Some critics say the government is trying to downplay the extent of the tragedy and believe it follows a similar pattern of covering up disasters throughout the country's history.
MARC FABER NEWS
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The Market Oracle
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Dr. Doom Marc Faber: Don't Bet on New Market Highs
Faber said large cap stocks like McDonald's, Coca-Cola, Procter & Gamble and Wal-Mart "have most likely peaked." However, he thinks there are still stocks that show strength that could continue to appreciate "because all the money flows into fewer and ...
Marc Faber Is Glad He Owned Stocks, Even As He Warned Everyone Of Stock ...
"People with assets are all doomed, because prices are grossly inflated globally for stocks, bonds, and collectibles," says the investment advisor in a new interview published in this week's Barron's. But Faber is the first to admit that at least the ...
Marc Faber notes liquidity squeeze depressing stocks but still buying gold
Famously contrarian in his approach, Dr. Faber is usually out of step with Wall Street but has an excellent reputation for calling the major market turns. He does not say he is shorting equities, though he notes emerging market equities and currencies ...