Seismic retrofit imminent problem, various research work has been carried out. State-of-the-art technical guidelines for seismic assessment, retrofit and rehabilitation have been published around the world – such as the ASCE-SEI 41 and the New Zealand Society for Earthquake Engineering (NZSEE)'s guidelines. These codes must be regularly updated; the 1994 Northridge earthquake brought to light the brittleness of welded steel frames, for example. The retrofit techniques outlined here are also applicable for other natural hazards such as tropical cyclones, tornadoes, and severe winds from thunderstorms. Whilst current practice of seismic retrofitting is predominantly concerned with structural improvements to reduce the seismic hazard
Natural monopoly professionals such as jewellers, physicians and lawyers, he said, The superiority of reward is not here the consequence of competition, but of its absence: not a compensation for disadvantages inherent in the employment, but an extra advantage; a kind of monopoly price, the effect not of a legal, but of what has been termed a natural monopoly... independently of... artificial monopolies [i.e. grants by government], there is a natural monopoly in favour of skilled labourers against the unskilled, which makes the difference of reward exceed, sometimes in a manifold proportion, what is sufficient merely to equalize their advantages. If unskilled