Earthquake Kills 38 in Italy

Earthquake Kills 38 in Italy

The U.S. Geological Survey, which measured the quake at 6.2 magnitude, said it struck near the Umbrian city of Norcia, while Italy’s earthquake institute INGV registered it at 6.0 and put the epicenter further south, closer to Accumoli and Amatrice.

The damage was made more severe because the epicenter was at a relatively shallow 4 km below the surface of the earth. Residents of Rome were woken by the tremors, which rattled furniture, swayed lights and set off car alarms in most of central Italy.

“It was so strong. It seemed the bed was walking across the room by itself with us on it,” Lina Mercantini of Ceselli, Umbria, about 75 km away from the hardest hit area, told Reuters. Olga Urbani, in the nearby town of Scheggino, said: “Dear God it was awful. The walls creaked and all the books fell off the shelves.”

INGV reported 60 aftershocks in the four hours following the initial quake, the strongest measuring 5.5.

Italy sits on two fault lines, making it one of the most seismically active countries in Europe.

The last major earthquake to hit the country struck the central city of L’Aquila in 2009, killing more than 300 people.

The most deadly since the start of the 20th century came in 1908, when an earthquake followed by a tsunami killed an estimated 80,000 people in the southern regions of Reggio Calabria and Sicily.

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Shayne Heffernan Funds Manager at HEFFX holds a Ph.D. in Economics and brings with him over 25 years of trading experience in Asia and hands on experience in Venture Capital, he has been involved in several start ups that have seen market capitalization over $500m and 1 that reach a peak market cap of $15b. He has managed and overseen start ups in Mining, Shipping, Technology and Financial Services.

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