Posts filed under ‘Ormoc’
In what US and Philippine authorities are calling, “One of the most successful joint operations,” versus stolen cars from the USA to Asia; 25 cars and 18 Super-bikes are now in the custody of the Philippine National Police. In total; the National Bureau of Investigation agent in charge for northern Mindanao told a local newspaper in Cagayan de Oro, while Police in Davao City are also looking into if any of the cars or bikes had reached the largest city in Mindanao.
It has been described as worse than a bad day – a meltdown but not a crash
“… A 9 percent slide in Chinese stocks — coming one day after investors sent the Shanghai benchmark index to a record close — set the tone for U.S. trading. Major West European indexes were down by between 2 percent and 3 percent. ..’
investors in Europe and the America’s can sweep in though for bargain prices on Asian stocks and save the day or sell all and keep away. China was hard hit but is stabalizing. However for now the markets seems to have been hit by a sell off that is still being studied.
Asia Markets on Wednesday stage biggest falls since 1997 crisis...
China shares stabilize...
SHARES TUMBLE AROUND WORLD...
DOW DOWN 416...
*GLITCH CAUSED RECALCULATION OF 200 POINTS...
WORST 1-DAY DROP SINCE 2001...
Cramer: How the System Failed Us Today...
CNBC: VIDEO OF THE PLUNGE...
MAG: Did the Drudge Report Help Tank the Stock Market?
Explosions fueled by fireworks and firecrackers some as powerful as hand granades ripped apart a store on Leyte Island in the central philippine city of Ormoc.
The reports are that the store had scores of small stalls added in selling wares from China on christmas day – a typical heavy shopping day in most parts of the country. Scores of people return to provincial cities and rural areas from the large metropolitan areas during the Christmas Holiday season.
A investigation revealed that many people sought to excape the flames in a bathroom at the rear of the store as the fire spread rapidly. Small hallways were blocked by stalls and stores and decorations that added fuel to the rapidly growing firestorm. More shops selling cheap fireworks also caught fire inside the store and small LPG tanks exploded causeing a three hour blaze late christmas day afternoon.
 “… Christmas Day fire hits Ormoc dep’t store; 24 killed, 4 injured
(Update) At least 24 persons were killed while four others were injured in a fire believed to be caused by firecrackers at a one-storey department store in Ormoc City in Leyte province late Monday afternoon.
” … 24 Die as Fireworks Ignite Philippines Store Fire
New York Times - Dec. 26 (AP) – A fire that started with the use of illegally sold firecrackers swept through a department store in the central Philippines, killing 24 people who took refuge in a restroom, the police said Tuesday.
‘Exits locked’ in Philippines blaze Aljazeera.net
Philippine Department Store Fire Kills 24 People, ABS-CBN Says Bloomberg
Ottawa Recorder – CBC News – Forbes
all 253 news articles » ” 
This comes as reports from the DOH say a 111% increase in the number of fireworks and firearm related injuries in the capitol alone. Local BFP firemen warn about the dangers of fires. In my daily old grind of beat reporting at chrstmas to new years time the number of fires normally rise moslty with problems surrounding christmas lights. No one is safe – rich and poor aloke often fall victim to the rissk of overloaded circut breakers and old fuses. 06:10 AM » Firemen warn vs possible New Year fires (GMANEW.TV)