This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Death Toll In Bangladesh Collapse Passes 300

More dead were also discovered. Shamim Islam, a volunteer who entered the collapsed building along with rescue workers, said he saw "many bodies inside."

Search crews were cautiously using hammers, shovels and their bare hands. Many of the trapped workers were so badly hurt and weakened that they needed to be removed within a few hours, rescuers said.

There were fears that even if unhurt, the survivors could be badly dehydrated, with daytime temperatures soaring to 35 degrees Celsius (95 degrees Fahrenheit) and about 24 degrees Celsius (75 degrees Fahrenheit) overnight.

Nearly 90 people have been rescued in the last day, as hundreds of rescuer workers crawl through the rubble amid the cries of the trapped and the wails of workers' relatives gathered outside the building.

A garment manufacturers' group said the factories in the building employed 3,122 workers, but it was not clear how many were inside it when it collapsed Wednesday in Savar, a suburb of Bangladesh's capital, Dhaka. Rescue officials say more than 2,400 have been rescued or escaped.

Police cordoned off the site, pushing back thousands of bystanders and relatives after rescue workers complained the crowds were hampering their work.

Clashes broke out between the relatives and police, who used batons to disperse them. Police said 50 people were injured in the skirmishes.

"We want to go inside the building and find our people now. They will die if we don't find them soon," said Shahinur Rahman, whose mother was missing.

Thousands of workers from the hundreds of garment factories across the Savar industrial zone and other nearby areas marched to protest the poor safety standards in Bangladesh. Local news reports said demonstrators smashed dozens of cars Friday, although most of the protests were largely peaceful.

Police say they ordered an evacuation of the building on Tuesday after cracks in Rana Plaza were found, but the factories ignored the order and were operating when it collapsed the next day. Video before the collapse shows cracks in walls, with apparent attempts at repair. It also shows columns missing chunks of concrete and police talking to building operators.

2 of 4

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,719.00 +33.27 0.19%
S&P 500 2,052.75 +4.03 0.20%
NASDAQ 4,701.8670 +26.1550 0.56%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs