Many homes in Mihe, which is in a flat-bottomed valley with steep slopes of red soil, had been destroyed or badly damaged. Ms. Chen, who survived with her husband and grandchild, had fled to a nearby village.“Now we have nothing to eat, no water to drink, no home to return to,” she said. “I don’t know what to do.”Across the countryside, downed power cables snaked across roads, village streets and alleys, the poles supporting them having been washed-out.In one village near Gongyi, where at least four people were reported to have been killed on Tuesday, Chen …
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HSINCHU, Taiwan — Chuang Cheng-deng’s modest rice farm is a stone’s throw from the nerve center of Taiwan’s computer chip industry, whose products power a huge share of the world’s iPhones and other gadgets.This year, Mr. Chuang is paying the price for his high-tech neighbors’ economic importance. Gripped by drought and scrambling to save water for homes and factories, Taiwan has shut off irrigation across tens of thousands of acres of farmland.The authorities are compensating growers for the lost income. But Mr. Chuang, 55, worries that the thwarted harvest will drive customers to seek out other …
He added, “The market would say water is far more valuable serving urban populations.”The interested players range from financial firms to university endowments to investor groups, including at least two in Colorado led by former governors. T. Boone Pickens, the Texas oilman who died in 2019, was an early evangelist of water buys. Another supporter is Michael Burry, the hedge fund manager portrayed by Christian Bale in “The Big Short,” who made more than $800 million shorting the subprime mortgage market in the mid-2000s.Matthew Diserio, the president and co-founder of the hedge fund Water Asset Management, has called the …
