If we don't vote, we have no rights to criticise: Software icon Narayana Murthy
Bengaluru (PTI): Co-founder of IT major Infosys N R Narayana Murthy and his author wife Sudha Murty cast their ballot for the Karnataka Assembly elections on Wednesday and exhorted people to vote.
"First, we vote and then we say this is good and this is not good. But if we don't do that, then we have no rights to criticise," 76-year-old Narayana Murthy said after exercising his franchise in the morning here.
Regarding his "expectations" while voting, the software icon said: "My hope is that for my grandchildren this place will be one of the best places in the world to live, to pursue their career, education and to add value to the society. That's how I hope."
"We all hope that the poorest guy in the remotest village in India have access to the basic education, decent healthcare, decent nutrition, and hope that that child's grandchildren will have a better future than that child," Murthy added.
His wife Sudha Murty said the younger generation should learn from them and exercise their franchise. "I will tell youngsters please look at us. We are aged but still we get up at 6 am, we get ready and vote. Please learn from us," she said.
Stating that voting is a sacred part of democracy, Murty said in democracy if there are no voters, then it is not a democracy at all.
"You should respect voting and you should exercise your power in case if you want to change, implement or continue, you want your projects to be implemented," she added.
Urging people to vote, the author-philanthropist said: "I will not ask you who you will vote for or why you vote, because everyone has their own opinion and decision, but everyone should vote. We vote in every election."
On people who "go out" without voting, she said: "I can only say those who don't have patriotism, do such things. Get up early, first vote and then go anywhere you want."
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Los Angeles county wildfires could be costliest in US history, early estimates say
Los Angeles, Jan 11: The wildfires that erupted this week across Los Angeles County are still raging, but already are projected to be among the costliest natural disasters in US history.
The devastating blazes have killed at least 11 people and incinerated more than 12,000 structures since Tuesday, laying waste to entire neighbourhoods once home to multimillion-dollar properties.
While it's still too early for an accurate tally of the financial toll, the losses so far likely make the wildfires the costliest ever in the US, according to various estimates.
A preliminary estimate by AccuWeather put the damage and economic losses so far between USD 135 billion and USD 150 billion. By comparison, AccuWeather estimated the damage and economic losses caused by Hurricane Helene, which tore across six southeastern states last fall, at USD 225 billion to USD 250 billion.
“This will be the costliest wildfire in California modern history and also very likely the costliest wildfire in US modern history, because of the fires occurring in the densely populated areas around Los Angeles with some of the highest-valued real estate in the country,” said Jonathan Porter, the private firm's chief meteorologist.
AccuWeather factors in a multitude of variables in its estimates, including damage to homes, businesses, infrastructure and vehicles, as well as immediate and long-term health care costs, lost wages and supply chain interruptions.
The insurance broker Aon PLC also said Friday that the LA County wildfires will likely end up being the costliest in US history, although it did not issue an estimate. Aon ranks a wildfire known as the Camp Fire in Paradise, California, in 2018 as the costliest in US history up to now at USD 12.5 billion, adjusted for inflation. The Camp Fire killed 85 people and destroyed about 11,000 homes.
The LA County wildfires, which were fuelled by hurricane-force Santa Ana winds and an extreme drought, remained largely uncontained Saturday. That means the final tally of losses from the blazes is likely to increase, perhaps substantially.
“To put this into perspective, the total damage and economic loss from this wildfire disaster could reach nearly 4 per cent of the annual GDP of the state of California,” AccuWeather's Porter said.
In a report Friday, Moody's also concluded that the wildfires would prove to be the costliest in US history, specifically because they have ripped through densely populated areas with higher-end properties.
While the state is no stranger to major wildfires, they have generally been concentrated in inland areas that are not densely populated. That's led to less destruction per acre, and in damage to less expensive homes, Moody's noted.
That's far from the case this time, with one of the largest conflagrations destroying thousands of properties across the Pacific Palisades and Malibu, home to many Hollywood stars and executives with multimillion-dollar properties. Already, numerous celebrities have lost homes to the fires.
“The scale and intensity of the blazes, combined with their geographic footprint, suggest a staggering price tag, both in terms of the human cost and the economic toll,” Moody's analysts wrote. The report did not include a preliminary cost estimate of the wildfire damage.
It could be several months before a concrete tally of the financial losses from the wildfires will be possible.
“We're in the very early stages of this disaster,” Porter said.
