Sunday, February 28, 2010

Quake




The fifth most powerful earthquake since 1900 hit Chile yesterday morning. The 8.8 magnitude quake has leveled buildings, mared roads, and already killed an untold number of people and may cost insurers $2 billion to $8 billion, according to estimates from catastrophe- modelers AIR Worldwide and Eqecat Inc.


Not much from the White House yet on the earthquake in Chile, but it's still very early and we are told Obama is monitering the situation. Meanwhile, other countries are already sending aid and assesing damages.
The tsunami generated by the quake topped at 3 feet, much milder than feared.

The Chilean government has deployed several thousand troops in effort to halt the massive looting in cities affected by the quake. Many people are still missing and some communities in the worst-hit central region of the South American country are still largely cut off by mangled roads.

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