The sinking of warship of south Korea by north Korean army was nothing but a blow to the peace treaty. however,there was never a peace treaty between them. but, the cloud of concern seems to fade away from the two peninsula. now, both the countries are on the verge of war. both are sitting on the tip of volcano,that is going to explode at any time. the ripples of that war will felt by whole world , if it will happen. South Korea has blocked the sea trade with north Korea and take all the punitive actions against the country.
south Korea pay homage to all the 45 sailors of the sunken military ship.
my concern is the aftermath of this war. it will greatly affect the Asian market directly and indirectly. Itwill also affects east Asian economic scenario to a great extent.
Friday, May 28, 2010
Monday, May 17, 2010
OIL SPILL AND ENVIRONMENTAL HAZARD
OIL SPILL IN THE GULF OGF MEXICO CAUSES ENVIRONMENTAL HAZARD. THE BIODIVERSITY OF THE GULF AREA IS UNDER THREAT. OIL ALLOW HAZARDOUS CHEMICAL TO SPILL OUT INTO THE OCEAN. FISHES, SEA BIRDS ETC GET AFFECTED BY THIS PROBLEM. THE OIL SPILL HAS BEEN CAUSED BECAUSE OF DAMAGE OF DEEP SEA OIL WELLS. ALL THE EFFORTS NEEDED TO STOP THE OIL SPILL HAS BEEN INVAIN. OIL WELL BELONGS TO BRITISH PETROLEUM. IT WILL TAKE MONTHS TO STOP THE OIL SPILL. BY THE TIME, ENVIRONMENTAL IMPACT IS VERY HUGE.
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