The Canterbury earthquake has pushed up the cost to the government of borrowing on world markets.
A graph shows an earthquake registering 7.1 on the Richter scale and $2 billion on the 'Wreckter' scale. An arrow shoots upwards from the $2 billion anticipating that the cost will rise higher. Text above reads 'SIZE-mic does matter'. Refers to the Christchurch earthquake of Saturday 4th September 2010 and the cost of the damage. No-one was killed. Quantity: 1 digital cartoon(s).
Text reads 'AFTERSHOCK$$$$$$$$$$$ $2 billion $4 billion'. Refers to the estimated costs resulting from the Canterbury earthquake of 4th September 2010 - The '2' is crossed out and the 'Treasury' pen writes '4' in its place. Quantity: 1 digital cartoon(s).
The minister wants to ask people at Treasury how they are getting on with all the unexpected expenses but cannot get them on his cellphone. His adviser tells him that they are all out holding garage sales and sausage sizzles. Quantity: 1 digital cartoon(s).
Prime Minister John Key stands grinning on a cracked pedestal bearing the words 'Most popular P.M.' In the background is the Beehive flying a skull and crossbones flag. The landscape is a desert with cactus and dried bones and a vulture in a bare tree. A man and a woman comment that it looks as though the quake may have done damage in Wellington after all, that and the crash of the SCF fund. Refers to two major events in the Canterbury area in recent times that have incurred huge government costs; these are the collapse of the South Canterbury Finance Company and the earthquake that struck early Saturday morning 4th September. The South Canterbury Finance Company has been taken into receivership by the government which has guaranteed that all 30,000 fortunate high-risk investors will be paid out $1.6b thanks to the taxpayer. Treasury is assuming that the cost of the earthquake will reach $4 billion, including $2 billion worth of estimated damage to private dwellings and their contents, $1 billion of damage to commercial property, and $1 billion worth of damage to public infrastructure. There is a colour and a black and white version of this cartoon Quantity: 2 digital cartoon(s).
This paper presents the probabilistic seismic performance and loss assessment of an actual bridge– foundation–soil system, the Fitzgerald Avenue twin bridges in Christchurch, New Zealand. A two-dimensional finite element model of the longitudinal direction of the system is modelled using advanced soil and structural constitutive models. Ground motions at multiple levels of intensity are selected based on the seismic hazard deaggregation at the site. Based on rigorous examination of several deterministic analyses, engineering demand parameters (EDP’s), which capture the global and local demand, and consequent damage to the bridge and foundation are determined. A probabilistic seismic loss assessment of the structure considering both direct repair and loss of functionality consequences was performed to holistically assess the seismi risk of the system. It was found that the non-horizontal stratification of the soils, liquefaction, and soil–structure interaction had pronounced effects on the seismic demand distribution of the bridge components, of which the north abutment piles and central pier were critical in the systems seismic performance. The consequences due to loss of functionality of the bridge during repair were significantly larger than the direct repair costs, with over a 2% in 50 year probability of the total loss exceeding twice the book-value of the structure.
The cartoon is entitled 'seismic upheaval'. Prime Minister John Key and Finance Minister Bill English stand near great seismic cracks in the ground and stare sadly at a huge wallet, 'Bill's boodle', belonging to Bill English. Vast quantities of banknotes spill out of the cash pocket in the wallet which also contains a 'travel card', a 'house card' and an 'expenses card'. The various cards in the wallet refer to expense account embarrassments relating to Bill English. Etched in the ground are the words 'Christchurch quake' and 'South Canterbury Finance'. The cartoon refers to two major events in the Canterbury area in recent times that have incurred huge government costs; these are the collapse of the South Canterbury Finance Company and the earthquake that struck early Saturday morning 4th September. The South Canterbury Finance Company has been taken into receivership by the government which has guaranteed that all 30,000 fortunate high-risk investors will be paid out $1.6b thanks to the taxpayer. Treasury is assuming that the cost of the earthquake will reach $4 billion, including $2 billion worth of estimated damage to private dwellings and their contents, $1 billion of damage to commercial property, and $1 billion worth of damage to public infrastructure. Quantity: 1 digital cartoon(s).