As soon as we got out of bed we heard of this morning's earthquake in Chile. The earthquake hit 8.8 on the Richter scale and has caused significant damage. Tsunami warnings have been issued for Hawaii and the West coast in the aftermath of this latest plate movement. Video footage is trickling into the news networks showing significant damage to buildings.
Chile was recently moved up in classification by the world's lending organizations. They are now known as "developed" nation upgraded from "under-developed." In fact, the few times that Chile have been mentioned on our blog were good news stories about the economic growth in the country. The fear this morning is how much the damage of this earthquake will set back those efforts.
Coverage of this latest earthquake does not have many details yet at the time of our posting, but we did find a good summary from The UK's Telegraph.
VIDEO: Can you force people to care for the elderly? - The Shanghai government thinks the tradition of caring for your elderly is fading in China and so the worst offenders could have their credit scores downgr...
1 hour ago