May 14, 2008
With the exception of solar stocks, we are tip toeing around China stocks until we can see what the affects of the quake are on investing.
Below is a video showing some of the disaster from a June 2007 quake. Watch and observe how we in the U.S.A. with all our government's power and money takes a back seat to China when it comes to disaster relief. When I saw this, I felt again for the victims of Katrina and those who are still awaiting government assistance as promised.
Here is something of this week's quake that just occurred.
A powerful earthquake struck southwestern China on Monday, toppling thousands of homes, factories and offices, trapping students in schools, and killing a feared 50,000 people, the country's worst natural disaster in three decades.
The quake, which was estimated preliminarily to have had a magnitude of 7.9, ravaged a mountainous region outside Chengdu, capital of Sichuan Province, just after lunchtime Monday, destroying 80 percent of structures in some of the towns and small cities near its epicenter, Chinese officials said. Its tremors were felt as far away as Vietnam and set off another, smaller quake in the outskirts of Beijing, 900 miles away.
A powerful earthquake struck southwestern China on Monday, toppling thousands of homes, factories and offices, trapping students in schools, and killing a feared 50,000 people, the country's worst natural disaster in three decades.
The quake, which was estimated preliminarily to have had a magnitude of 7.9, ravaged a mountainous region outside Chengdu, capital of Sichuan Province, just after lunchtime Monday, destroying 80 percent of structures in some of the towns and small cities near its epicenter, Chinese officials said. Its tremors were felt as far away as Vietnam and set off another, smaller quake in the outskirts of Beijing, 900 miles away.
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