Tag: Crises & Disasters

Crises are events or situations that pose a significant threat or challenge to individuals, communities, organizations, or even entire societies. They can arise from various sources and can have a wide range of impacts, from localized and short-term disruptions to global and long-lasting consequences. Crises can emerge in different contexts, such as economic, environmental, political, social, health, or humanitarian situations.

A Scenic Journey from Gangtok to Lachen: Exploring the Beauty of North Sikkim

On By Indrajit Roy ChoudhuryIn India, Landscapes, Road trip33 Comments

The blog post narrates the author's adventurous road trip from Gangtok to Lachen in Sikkim, amidst snow-capped mountains and pristine valleys. Along the journey, they crossed checkpoints, enjoyed exotic waterfalls and a trip to historic Kabi, amidst a brief vehicle hitch. Upon reaching Lachen, a self-governed village and gateway to the Gurudongmar Lake, they toured its monastery and tiny town, despite a power outage. The memorable trip, which left the author spiritually enriched, is highly recommended to future Sikkim tourists.

cape town water crisis

It’s Time to Bring Our Planet Back from The Brink

On By Indrajit Roy ChoudhuryIn Perspectives & Opinions18 Comments

Cape Town is reacting to a severe water crisis due to a historic drought. By April, engineers will turn off piped water for a million homes, replacing it with water collection points. This crisis is attributed to climate change and low rainfall, with the city's main reservoir, the Theewaterskloof dam, only 16% full. Experts are calling for a focus on environmental health to prevent similar crises, advocating for sustainable development practices and the decoupling of economic growth from resource exploitation.

The Dublin Bar Parable: A Lesson in Economic Missteps

On By Indrajit Roy ChoudhuryIn Anecdote & Fiction, Finance & Banking21 Comments

Mary, a Dublin bar owner who offers "drink now, pay later" scheme, sees her sales boom, leading her local bank to increase her borrowing limit. The bank transforms these customer loans into securities, selling them to unaware investors. This leads to massive profits until the bank demands payment, resulting in Mary's bankruptcy and subsequent closure of the bar. The securities devalue, freezing economic activity and leading to job losses. Despite the economic struggles, the bank, brokers and executives are bailed out by the government, funded by non-drinkers' taxes. The story illustrates similarities with the 2007-08 economic crisis.