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Mark Cuban says he has the solution to growing income inequality, and it's to reward every employee—from CEO to janitor—with company stock

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'Dr. Doom' Nouriel Roubini says we're headed for universal basic income or 'some form of socialism' as AI revolutionizes work—He calls that optimistic
Indonesia

Indonesia Struck by 2nd Massive Earthquake in a Week

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Radhika Marya
Radhika Marya
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Radhika Marya
Radhika Marya
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August 5, 2018, 1:11 PM ET
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Indonesia was hit by a massive earthquake Sunday that reportedly killed nearly 40 people—a week after an earthquake in the region killed more than a dozen people.

The earthquake, initially reported to be of 7.0-magnitude before the U.S. Geological Service downgraded it to a 6.9, struck the island of Lombok—a popular spot with tourists—where last week’s earthquake also hit. Strong aftershocks also jolted the area. A tsunami warning was triggered, though it was later lifted, according to Indonesia’s National Disaster Management Agency, CNN reported.

Authorities updated the death toll as the day progressed with Muhammad Rum, head of the disaster management agency in the West Nusa Tenggara province, saying it had risen to 39 on Indonesian TV, according to the Associated Press. Some reports indicated 37 were dead.

The tremors were also felt in Bali, where damaged buildings included a department store and the airport terminal, the AP reported. A spokesman for Indonesia’s National Disaster Management Board issued a statement that said the earthquake was felt in Mataran, Lombok’s capital, as well as Sumbawa Island, to the east of Lombok, the New York Times reported.

Indonesia is part of the Pacific Ring of Fire, making it susceptible to earthquakes.

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