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2025-03-07 14:03:26| Fast Company

Standing next to her makeshift home of scrap metal, wood and plastic tarp, 47-year-old Nelly Mengual recounts how severe flooding and winds tore off her roof a few months ago, leaving her knee-deep in water in her home. She lives in an informal settlement on the outskirts of Riohacha, in northern Colombia’s arid, wind-swept region, where thousands of other Wayuu people, native to the La Guajira region spanning Colombia and Venezuela, also reside.Although many residents were born in Colombia, it is the Wayuu who fled Venezuela who face the greatest hardship. Having escaped what many describe as economic crisis, they now live in these settlements without access to running waterand for many, without electricity. The Wayuu, whose traditional lands span Colombia and Venezuela, view the border as a political construct rather than a cultural divide, with their relationships and networks transcending national lines.“This entire hut. Our belongings, what little we had. Everything was lost,” said Mengual, who makes ends meet by recycling scrap material in Maicao.The Wayuu, the largest Indigenous group in Colombia, are facing the dual threats of climate change-driven droughts and floods. Scientists warn that more severe, prolonged drought periods punctuated by flashes of torrential rain are only getting more common as the world warms. Aside from damaging people’s homes, they are also draining water sources, destroying crops, and increasing health risks from waterborne diseases. Many Wayuu families are forced to migrate in search of essential resources, putting even more pressure on already overcrowded urban areas. Intense flooding challenges the Wayuu’s way of life Ingrid Gonzalez, a Wayuu community leader from Maracaibo who’s lived in the Villa del Sol settlement near Riohacha for six years, says those more traditional Wayuu homes, made with sticks and covered in mud, are very susceptible to the rainy season.“There are many, many houses that flood and fill up with water,” said 29-year-old Gonzalez. “A strong river of water passes through here, and the mud houses collapse.”“Some people manage to preserve their homes by reinforcing them, but the damage is still significant,” she said. “Several of my own roofing sheets were blown off.”Samuel Lanao, head of Corpoguajira, La Guajira’s environment authority, said in 2024 extreme winter floods caused significant losses of homes, crops, and domestic animals in Indigenous communities, particularly among those coming from neighboring Venezuela. “Because of climate change, there’s been a rise in vector-borne diseases like dengue and Zika. Dengue, in particular, has hit Indigenous communities very, very hard,” he said.Lanao said Corpoguajira has created a Climate Change Plan to cut emissions and boost community and ecosystem resilience.The shift in weather patterns is undeniable to Camilo Martinez, La Guajira base manager for the Danish Refugee Council, which has a strong presence in the region. With 14 years of experience in the area, he has witnessed these changes firsthand.“Years ago when I arrived here, there was fog and in certain hours of the morning it was cold. Today that has stopped, as well as in the snow peaks on the nearby mountains . . . you don’t see that much anymore,” Martinez told The Associated Press at the Uyatpana Indigenous community, on the outskirts of Maicao.Martinez says the months the rainy season starts has changed, but also the intensity of the rain too when it eventually comes.Scientific evidence of climate change in La Guajira, supported by data from Colombia’s Institute of Hydrology, Meteorology, and Environmental Studies (IDEAM) and various studies, includes rising temperatures, prolonged droughts like the 20122016 crisis, irregular rainfall patterns, and increased desertification. Heat and drought tests informal settlements Last year’s heat was the hottest Gonzalez, the community leader, can remember.“There are houses where the heat is intense, which affects people, especially those with high blood pressure. They feel tired, flushed, and even unwell,” she said. “The heat is so strong that it even affects the animals. Neighbors who have chickens have lost some of them due to the extreme heat, as the animals are suffocating.”A significant portion of the Wayuu population maintains traditional, semi-nomadic lifestyles, residing in rancheriasthatched-roof huts made from dried cacti and mudand herding cattle and goats.In many informal settlements, residents lack access to running water or sanitation services. Water sellers transport untreated water in barrels, using mules to distribute it between homes for a fee. While many people rely on collecting rainwater, the increasing unpredictability of rainfall has made this source of water less dependable.“They have been forced to buy water from sources that aren’t clean, transported by mules or carts that make long journeys to bring it to families,” said Martinez. “This water isn’t drinkableit can only be used for washing or cooking. But people are left with no choice but to drink it. This is one of the biggest consequences of the droughts and the lack of rainfall during these seasons.”Many non-governmental organizations say they step in to support these areas in La Guajira where state assistance is minimal or entirely absent. Colombia’s environment ministry did not respond to AP’s requests for comment.Wayuu leader Anibal Mercado told AP the migrant Wayuu population suffers the most because of climate change.“You find them picking up garbage, you find them recycling, which has never been seen before. And that is a product of the neglect of the government. The State has been promoting neoliberal policies that go against traditional rights, with which the Wayuu used to provide for their own economy . . . their own food,” he said. Many work to rebuild, again and again In the neighborhood of Uyatpana, 28-year-old Laura Pushaina sits on a stool, weaving a chinchorro, a traditional Wayuu hammock used for sleeping. With five children between the ages of one and ten, she says the intricate work will take her four days to complete.Pushaina is one of thousands of Wayuu people who cross into Colombia and establish settlements. Due to shifting political and economic conditions in the region, many have left homes in neighboring Venezuela.Many, like Pushaina, told the AP they hope to return to their rancherias on the Venezuelan side of the border, but they believe the political and economic situation remains too unstable to do so. Some also said that relocating from the informal settlements would help, as the land is unsuitable for living without running water or proper sewage infrastructure.Just a few months ago, Pushaina’s home was destroyed by the floods.“I’ve lived through the worst of times,” she said. “The water would seep through the mud, and somtimes it came in like a river, flowing through here.” The Associated Press’ climate and environmental coverage receives financial support from multiple private foundations. AP is solely responsible for all content. Find AP’s standards for working with philanthropies, a list of supporters and funded coverage areas at AP.org. Steven Grattan, Associated Press


Category: E-Commerce

 

LATEST NEWS

2025-03-07 13:41:00| Fast Company

Shares in Walgreens Boots Alliance, Inc. (Nasdaq: WBA) are up a modest amount after the company announced yesterday that it has agreed to be purchased by private equity firm Sycamore Partners. As of the time of this writing, WBA shares are up under 7% to $11.33.  Heres what you need to know about the buyout and share movement. Walgreens is going private After years of financial struggles, publicly traded Walgreens announced yesterday that it has accepted a deal from private equity firm Sycamore Partners to be bought and taken private. Rumors of the deal were first reported earlier this week. Under the agreement, Sycamore will take the pharmacy chain private. The move will give the 125-year-old Walgreens more room to maneuver a turnaround without having to answer to Wall Street investors, notes the Associated Press. Walgreens has faced a rough six months in particular. Last October, the company announced it would close over 1,200 stores due to falling foot traffic and increased online competition. And in January, the companys stock price plunged after it announced that it would be suspending dividend payments to shareholders in order to redirect its capital allocation. Shares in Walgreens are down more than 49% over the last year. While we are making progress against our ambitious turnaround strategy, meaningful value creation will take time, focus and change that is better managed as a private company, Tim Wentworth, CEO of Walgreens Boots Alliance, said in a statement announcing the acceptance of Sycamores offer. Sycamore will provide us with the expertise and experience of a partner with a strong track record of successful retail turnarounds. WBA stock is upbut not by a lot Some would expect that when a company receives a buyout offer, its stock price may soar. But WBA stock is up just under 7% in premarket trading, as of the time of this writing, to $11.33. The reason for this is likely due to the fact that the Walgreens-Sycamore deal will see Sycamore pay WBA shareholders $11.45 per share to close the deal. In other words, it doesnt make sense for WBA stock to be bought above that price since shareholders would only get $11.45 per share if the deal does end up going through. Conversely, it doesnt make sense for WBA stock to be sold below that price if the deal ends up going through because shareholders know they could get $11.45 per share from Sycamore when the deal closes. However, the deal also offers the possibility for WBA investors “to receive up to $3.00 in cash per WBA share” in addition to the $11.45 per share price if certain conditions are met. Though Walgreens Boots Alliance says it has accepted the offer, the deal must still be approved by WBA shareholders and also receive regulatory approvals. If the deal passes both those thresholds, Walgreens and Sycamore say its transaction is expected to close in the fourth quarter calendar year 2025. If that happens, WBA shares will no longer be listed on the Nasdaq as the company will become private.


Category: E-Commerce

 

2025-03-07 13:40:57| Fast Company

The discovery of a huge unexploded World War II-era bomb caused transportation chaos in Paris on Friday that included the suspension of high-speed rail links with London and Brussels and the closure of a vital road artery in the French capital, hobbling France’s busiest train station, dashing travelers’ weekend getaway plans and giving commuters a major headache.The cascade of transport woes spread from the rail to the road network, with Paris police announcing the closure of the A1 highway and sections of the capital’s always-busy ring road around the city, as bomb-disposal experts worked to make the half-ton explosive safe.Eurostar, operator of sleek high-speed trains through the Channel Tunnel that links England with the European continent, announced the cancellation of all its services to and from its Paris hub at Gare du Nord, France’s busiest rail station, and the U.K. and Belgian capitals.Travel plans were thrown into disarray.“There’s no solution. We’re going to call the hotel and stay one more day. And change our train ticket,” said Michel Garrot, a retired Parisian who found himself stranded in Brussels, which he’d been visiting with his wife.At London’s St. Pancras station, Eurostar’s London hub, travelers scrambled for alternatives. Fridays are invariably busy there with thousands of people leaving and arriving for weekend breaks. Passengers were advised to try taking trains to Lille in northern France, or fly to Paris.“We’re looking up flights, but our options are limited,” said Lauren Romeo-Smith, part of a group that had a birthday weekend in Paris planned.Another St. Pancras traveler, Lee Bailey, said that Eurostar had offered him a free rebooking or a refund, and an apology, but no compensation.“I’d like to go to a Michelin (starred) restaurant in Paris on their dime, but that’s not happening, apparently,” he told Sky News.Eurostar said that it “sincerely apologizes for the disruption and understands the inconvenience this may cause.”At Paris’ usually humming Gare du Nord station, bright red signs warning of disruptions greeted commuters. French national rail operator SNCF says the station habitually hosts 700,000 travelers per day, making it the busiest rail hub in both France and Europe. As well as towns and cities across northern France and the Paris suburbs, the station also serves Paris’ main airport and international destinations, including London, Brussels, and cities in the Netherlands.French Transport Minister Philippe Tabarot said that the huge disruptions were caused by the discovery of a bomb that weighed half a ton. Workers found it overnight while doing earthmoving works near the tracks in the Seine-Saint-Denis region that borders Paris to the north. Bomb disposal experts were called.Tabarot said that a “a quite large” security perimeter was set up around the bomb-disposal operation and people were evacuated. He urged commuters to postpone rail trips.Bombs left over from World War I or World War II are regularly discovered around France, but it’s very rare to find them in such a people-packed location. The SNCF said that rail traffic was stopped at the request of police. Sylvie Corbet in Brussels, and Jill Lawless in London, contributed to this report. Samuel Petrequin and John Leicester, Associated Press


Category: E-Commerce

 

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