Volcano eruption may bring lasting economic damage

The eruption of Chile’s Calbuco volcano threatens to cause widespread and lasting economic damage, turning cattle pastures barren and choking fish with volcanic ash in one of the world’s top salmon-producing countries.

Thousands of cattle and sheep in danger of dying have been evacuated in Los Lagos. The region produced about 950 million liters of milk last year worth about $346 million, said Ema Budinich of the National Agriculture Society.

“About 50 percent of Chile’s milk production is located in Los Lagos, so this is affecting the whole industry,” he said Tuesday.

Emir Jadue of the Chamber of Commerce in the nearby city of Puerto Varas estimated the costs at about $600 million and a 50 percent drop in the region’s hotel industry.

Official damage estimates are not available yet, but Eduardo Aguilera of the National Fishing Service says about 20 million fish have died.

Calbuco roared back to life Wednesday after lying dormant since 1972.


Professor fails all students in strategic management class

A Texas A&M Galveston professor has failed every student in his strategic management class, berating them via email as a disgrace to the school.

KPRC television station in Houston reports that Irwin Horwitz sent the email Thursday informing them of their failing grades and saying he’ll no longer teach the class.

The email said he’s reached “breaking point.” Horwitz accused the students of backstabbing and cheating, and said they lack maturity.