Key Takeaways

• New Jersey and parts of New York declare emergencies as a nor’easter slams the coast
• At least 64 people died in last week’s flooding in Mexico
• Madagascar’s president fled to a secure location amid growing protests
• Three researchers won the Nobel Prize in economics for “creative destruction”

Emergencies Declared After Nor’easter

A powerful nor’easter storm swept across the East Coast, bringing heavy rain and strong winds. New Jersey and parts of New York declared states of emergency. Officials urged residents to stay indoors and avoid flooded roads. Moreover, schools and businesses closed as power outages rose. Crews worked around the clock to clear fallen trees and restore electricity. The nor’easter also grounded flights at major airports. In addition, salt trucks spread on icy roads to prevent accidents. Residents shared photos of flooded streets and overturned signs on social media. Overall, the storm left thousands without power and tested local emergency plans.

Flooding in Mexico Claims at Least 64 Lives

Meanwhile, Mexico faced deadly floods after heavy rains battered several states. Officials confirmed at least 64 deaths and many missing people. Rivers burst their banks and submerged homes in minutes. Rescue teams used boats to reach stranded families. However, roads remained blocked, slowing aid to remote areas. Hospitals treated injured people, while shelters housed those who lost their homes. In addition, supplies like food and clean water arrived steadily. Local leaders warned more rain could worsen the situation. They urged citizens to stay alert and follow official instructions.

Madagascar President Flees as Protests Grow

In Madagascar, large protests forced the president to move to a secure location. Demonstrators blamed him for economic troubles and rising prices. They gathered in capital streets, demanding better living conditions. Security forces tried to control crowds with tear gas and water cannons. However, protests spread to other cities. The president released a short statement saying he stayed safe and would listen to citizens. Meanwhile, the opposition called for calm but vowed to keep pushing for change. International observers urged both sides to avoid violence.

Nobel Prize Honors Creative Destruction Concept

In a brighter note, three researchers won this year’s Nobel Prize in economics for their work on creative destruction. This idea explains how new innovations replace old ones and drive growth. The winners showed how firms adapt when markets change. They studied industries from tech to manufacturing. Their findings highlight how economic shifts create jobs and destroy outdated roles. Moreover, creative destruction helps explain why some economies grow faster. The laureates said they hope their research guides better policies. They called for support of innovation while helping workers retrain. Therefore, their work offers a roadmap for modern economies facing rapid change.

Frequently Asked Questions

What is a nor’easter?

A nor’easter is a strong storm along the East Coast. It brings heavy rain, high winds, and coastal flooding.

How did the Mexico floods start?

Heavy rains fell over several days, causing rivers to overflow and flood towns and roads.

Why did Madagascar’s president move to a secure location?

Large protests over economic issues forced the president to relocate for safety.

What does creative destruction mean?

Creative destruction describes how new technologies replace old ones, driving economic growth and change.