Five Million Should Flee Tehran Over Earthquake Fears: Ahmadinejad
At least five million Tehran residents should flee Iran's capital because it sits on several fault lines and is threatened by earthquakes, President Mahmoud Ahmadinejad said on Sunday
"We cannot order people to evacuate the city... but provisions have to be made. At least five million should leave Tehran so it is less crowded and more manageable in case of an incident," Mehr news agency quoted him as saying.
Mr Ahmadinejad said the government could offer "land, loans at four per cent interest and substantial subsidies" in the provinces to encourage Tehran residents to leave the sprawling capital.
Tehran province has nearly 14 million inhabitants, eight million of whom live in the city, which straddles several fault lines. Experts have warned that a strong quake in Tehran could kill hundreds of thousands of people.
Mr Ahmadinejad said that 67 per cent of Iran's 74-million-strong population lives in urban areas.
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earlier:
Hedge fund managers invest on Hill
Hedge fund manager John Paulson held a $1,000-a-head fundraiser for the Senate Banking Committee chairman last year. Many hedge funds enjoyed an enormously profitable year in 2009, in part because of good bets that federal dollars would be used to rescue “too-big-to-fail” financial institutions
John Paulson, one of the world’s richest hedge fund managers, has not been shy about spreading his wealth to Senate campaign coffers — or to the chairman of the committee that could directly affect his bottom line.
Paulson held a ritzy $1,000-per-head fundraiser for Senate Banking Committee Chairman Chris Dodd last year — and then maxed out his donation with $4,800 more for the Connecticut Democrat’s now-aborted reelection run.
Paulson is hardly alone.
According to a review of Federal Election Commission records, the nation’s 10 richest hedge fund managers have dumped nearly $1 million into campaign accounts over the past several years — with much of it going to senators who’ve given them a friendly reception on Capitol Hill.
And despite all the tough talk about a crackdown on Wall Street, consumer advocates and critics from other financial sectors say hedge funds would get off pretty easily under the regulatory reform bill Dodd’s committee approved last month
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