ISHINOMAKI, JAPAN // Sachie Tominaga still cannot believe what happened to her and her family a month ago. Before the earthquake and tsunami struck on March 11, she, her husband, her teenage son and her mother had a settled existence in this city in Miyagi prefecture on Japan's north-east coast.
Now, after floodwaters swept through nearly half the city, the family's house is uninhabitable and home is now a corner of a classroom in a primary school turned evacuation centre.
"I'd never experienced a big earthquake or big disaster, so I feel I'm still in a bad dream. I can't believe this is the real world," she said.
"I just want to go back to normal life. Not a luxurious life. Nothing special. Just normal daily life."
There is little chance of that happening soon for Mrs Tominaga and the 300 other evacuees remaining at Minato Elementary School. They are among about 17,000 people in Ishinomaki, out of the city's population of 163,000, who lost their homes. Numbers at the centre have thinned from the more than 1,000 who took refuge to start with, but for those that remain, many of them elderly, uncertainty clouds the future.
For the likes of the Tominaga family, moving back home is impossible and there are no relatives to take them in. The ground floor of their house was wrecked, and the rest is unsafe. The only option is demolition.
For all the adversity the family faces, it could have been much worse, as 2,600 in the city died and 2,800 remain missing. The death toll nationwide now exceeds 13,000 and more than 15,000 are missing.
Mr Tominaga was saved because the construction company where he works is based in an area of higher ground and it was easy for him and his colleagues to move higher still, although it was two days before he was reunited with his family. Mrs Tominaga rushed to the family home, where her mother and son were, and travelled with them by taxi to the school. She took the taxi back home, ensured the power was turned off, and this time chose to head to the school on foot. It was a decision that probably saved her life. Many of those who tried to escape by car died when the roads became packed with traffic and cars were swept away by the floodwaters.
"There was a traffic jam. I was lucky," she said. "After 10 minutes or 15 minutes [at the evacuation centre] the tsunami moved here. That's what I heard from the other people. I had no sense of time. I was panicking. It was scary. I tried not to watch anything.
"At that time I could only think about my family. Afterwards I heard some friends had died or were missing. I was lucky because all my family are still alive."
While Mr Tominaga has recently been able to go back to work, where the family will live in future remains uncertain. The children may arrive back at the school soon and that could mean the evacuees will be moved, although they have yet to find out where.
"I don't know where we'll go. The number of temporary houses is much less than the number of people who want to move in," she said.
"I'd like to get back to the peaceful life I was living before the earthquake, but I am not sure that will happen in 10 years."
On the first floor corridor, there is a pile of forms for evacuees to fill in if they want to apply for assistance. Many are looking to move into the temporary housing which is now being built in another part of town.
Each classroom on the second, third and fourth floors of the evacuation centre houses between a dozen and 20 evacuees, the rooms immaculately tidy with families lined up alongside one another. People from the same neighbourhood are mostly staying with one another.
"Most people kind of know each other, so they can find common topics, such as talking about their situation," said Keigo Abe, 63, who used to run a welfare centre and is now an evacuee at the school. He acts as his room's representative, attending a daily meeting at the centre's office where requests for assistance, such as for particular relief items, can be made.
In the morning, a women walks around ringing a bell and calling on each room to let them know boxes of supplies have arrived. Evacuees rush down to the school's gymnasium and a frenzied few minutes follow in which they search through boxes of clothes, toiletries and other donated items, hoping to add to the meagre tally of possessions the tsunami left them with. Hot food and relief items are provided by volunteers from non-governmental organisations such as Humanity First and Peace Boat, and staff from the Red Cross provide medical care.
"It's getting much better. Generally people are getting more relief items compared to a couple of weeks ago," said one evacuation centre resident, Shigeko Nakamura, 65, as she clutched the first bag of nappies she had been able to collect for her one-year-old grandson since the tsunami.
The ground floor of the building is where stores of some relief items are kept, and here a brown tide mark left by the tsunami waters is visible just beneath the ceiling. In one room, the clock is stopped at 3.50pm - the time power was knocked out by the floods.
dbardsley@thenational.ae
Shadi Ghanim's cartoon, page a18
Qatar sends extra gas shipments to Japan, page b1
Tips for SMEs to cope
- Adapt your business model. Make changes that are future-proof to the new normal
- Make sure you have an online presence
- Open communication with suppliers, especially if they are international. Look for local suppliers to avoid delivery delays
- Open communication with customers to see how they are coping and be flexible about extending terms, etc
Courtesy: Craig Moore, founder and CEO of Beehive, which provides term finance and working capital finance to SMEs. Only SMEs that have been trading for two years are eligible for funding from Beehive.
How to register as a donor
1) Organ donors can register on the Hayat app, run by the Ministry of Health and Prevention
2) There are about 11,000 patients in the country in need of organ transplants
3) People must be over 21. Emiratis and residents can register.
4) The campaign uses the hashtag #donate_hope
Financial considerations before buying a property
Buyers should try to pay as much in cash as possible for a property, limiting the mortgage value to as little as they can afford. This means they not only pay less in interest but their monthly costs are also reduced. Ideally, the monthly mortgage payment should not exceed 20 per cent of the purchaser’s total household income, says Carol Glynn, founder of Conscious Finance Coaching.
“If it’s a rental property, plan for the property to have periods when it does not have a tenant. Ensure you have enough cash set aside to pay the mortgage and other costs during these periods, ideally at least six months,” she says.
Also, shop around for the best mortgage interest rate. Understand the terms and conditions, especially what happens after any introductory periods, Ms Glynn adds.
Using a good mortgage broker is worth the investment to obtain the best rate available for a buyer’s needs and circumstances. A good mortgage broker will help the buyer understand the terms and conditions of the mortgage and make the purchasing process efficient and easier.
Ruwais timeline
1971 Abu Dhabi National Oil Company established
1980 Ruwais Housing Complex built, located 10 kilometres away from industrial plants
1982 120,000 bpd capacity Ruwais refinery complex officially inaugurated by the founder of the UAE Sheikh Zayed
1984 Second phase of Ruwais Housing Complex built. Today the 7,000-unit complex houses some 24,000 people.
1985 The refinery is expanded with the commissioning of a 27,000 b/d hydro cracker complex
2009 Plans announced to build $1.2 billion fertilizer plant in Ruwais, producing urea
2010 Adnoc awards $10bn contracts for expansion of Ruwais refinery, to double capacity from 415,000 bpd
2014 Ruwais 261-outlet shopping mall opens
2014 Production starts at newly expanded Ruwais refinery, providing jet fuel and diesel and allowing the UAE to be self-sufficient for petrol supplies
2014 Etihad Rail begins transportation of sulphur from Shah and Habshan to Ruwais for export
2017 Aldar Academies to operate Adnoc’s schools including in Ruwais from September. Eight schools operate in total within the housing complex.
2018 Adnoc announces plans to invest $3.1 billion on upgrading its Ruwais refinery
2018 NMC Healthcare selected to manage operations of Ruwais Hospital
2018 Adnoc announces new downstream strategy at event in Abu Dhabi on May 13
Source: The National
About Tenderd
Started: May 2018
Founder: Arjun Mohan
Based: Dubai
Size: 23 employees
Funding: Raised $5.8m in a seed fund round in December 2018. Backers include Y Combinator, Beco Capital, Venturesouq, Paul Graham, Peter Thiel, Paul Buchheit, Justin Mateen, Matt Mickiewicz, SOMA, Dynamo and Global Founders Capital
Safety 'top priority' for rival hyperloop company
The chief operating officer of Hyperloop Transportation Technologies, Andres de Leon, said his company's hyperloop technology is “ready” and safe.
He said the company prioritised safety throughout its development and, last year, Munich Re, one of the world's largest reinsurance companies, announced it was ready to insure their technology.
“Our levitation, propulsion, and vacuum technology have all been developed [...] over several decades and have been deployed and tested at full scale,” he said in a statement to The National.
“Only once the system has been certified and approved will it move people,” he said.
HyperloopTT has begun designing and engineering processes for its Abu Dhabi projects and hopes to break ground soon.
With no delivery date yet announced, Mr de Leon said timelines had to be considered carefully, as government approval, permits, and regulations could create necessary delays.
Company%20Profile
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The Laughing Apple
Yusuf/Cat Stevens
(Verve Decca Crossover)
THE SPECS
Engine: 2.0-litre four-cylinder turbo
Transmission: eight-speed automatic
Power: 258hp at 5,000-6,500rpm
Torque: 400Nm from 1,550-4,400rpm
Fuel economy, combined: 6.4L/100km
Price, base: from D215,000 (Dh230,000 as tested)
On sale: now
COMPANY%20PROFILE
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What should do investors do now?
What does the S&P 500's new all-time high mean for the average investor?
Should I be euphoric?
No. It's fine to be pleased about hearty returns on your investments. But it's not a good idea to tie your emotions closely to the ups and downs of the stock market. You'll get tired fast. This market moment comes on the heels of last year's nosedive. And it's not the first or last time the stock market will make a dramatic move.
So what happened?
It's more about what happened last year. Many of the concerns that triggered that plunge towards the end of last have largely been quelled. The US and China are slowly moving toward a trade agreement. The Federal Reserve has indicated it likely will not raise rates at all in 2019 after seven recent increases. And those changes, along with some strong earnings reports and broader healthy economic indicators, have fueled some optimism in stock markets.
"The panic in the fourth quarter was based mostly on fears," says Brent Schutte, chief investment strategist for Northwestern Mutual Wealth Management Company. "The fundamentals have mostly held up, while the fears have gone away and the fears were based mostly on emotion."
Should I buy? Should I sell?
Maybe. It depends on what your long-term investment plan is. The best advice is usually the same no matter the day — determine your financial goals, make a plan to reach them and stick to it.
"I would encourage (investors) not to overreact to highs, just as I would encourage them not to overreact to the lows of December," Mr Schutte says.
All the same, there are some situations in which you should consider taking action. If you think you can't live through another low like last year, the time to get out is now. If the balance of assets in your portfolio is out of whack thanks to the rise of the stock market, make adjustments. And if you need your money in the next five to 10 years, it shouldn't be in stocks anyhow. But for most people, it's also a good time to just leave things be.
Resist the urge to abandon the diversification of your portfolio, Mr Schutte cautions. It may be tempting to shed other investments that aren't performing as well, such as some international stocks, but diversification is designed to help steady your performance over time.
Will the rally last?
No one knows for sure. But David Bailin, chief investment officer at Citi Private Bank, expects the US market could move up 5 per cent to 7 per cent more over the next nine to 12 months, provided the Fed doesn't raise rates and earnings growth exceeds current expectations. We are in a late cycle market, a period when US equities have historically done very well, but volatility also rises, he says.
"This phase can last six months to several years, but it's important clients remain invested and not try to prematurely position for a contraction of the market," Mr Bailin says. "Doing so would risk missing out on important portfolio returns."
WRESTLING HIGHLIGHTS
Israel Palestine on Swedish TV 1958-1989
Director: Goran Hugo Olsson
Rating: 5/5