"Economists are pessimists: they've predicted 8 of the last 3 depressions."
--Barry Asmus

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Friday, March 25, 2011

World News

  • A 6.8 magnitude earthquake in Myanmar yesterday destroyed 225 homes and 9 government buildings, killed at least 74 people and injured at least 100 more.
  • Myanmar gemstone dealers set a new sales record of 2 billion euros during a 12-day emporium that ended today. For comparison purposes, the three emporiums from last year did a total of 2.2 billion euros in sales. the nation produces around 90% of the world's rubies and fine jade and, despite sanctions and embargos imposed by Western countries, business is brisk.
  • Thailand was shaken by a 5.5 magnitude aftershock from yesterday's earthquake in Myanmar. No casualties are being reported and there is only limited property damage, but residents living near the epicenter have been advised to leave their homes.

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