Monday, April 6, 2009

Italy Earthquake: Centuries-old buildings Collapse, People Trapped

ROME (Reuters) - The death toll in the earthquake that hit central Italy Monday has risen to 50, Interior Minister Roberto Maroni said.

That would make this the most deadly earthquake to strike the country since 1980, when a quake of magnitude 6.5 killed about 2,735 people in the south of the country.

The earthquake center was in L'Aquila, and struck a huge swathe of central Italy as residents slept on Monday morning. Houses, churches and other buildings collapsed making the people fear more people may be trapped.

The dead were mainly in L'Aquila, a 13th century mountain city about 100 km (60 miles) east of Rome that has a population of 68,000, and surrounding villages.

The Civil Protection Department said the quake most likely killed "tens of people." Prime Minister Silvio Berlusconi canceled a trip to Moscow and said he had declared a national emergency, which would free up funds for aid and rebuilding.

"I woke up hearing what sounded like a bomb," said Angela Palumbo, 87, as she walked on a street of L'Aquila.

"We managed to escape with things falling all around us. Everything was shaking, furniture falling. I don't remember ever seeing anything like this in my life," she said.

Rubble was strewn throughout the city and nearby towns, blocking roads and hampering rescue teams and residents who tried to lift debris with their bare hands in a search for survivors from the quake, which had a magnitude of at least 5.8.

"Thousands of people (could be left) homeless and thousands of buildings collapsed or damaged," said Agostino Miozzo, an official at the Civil Protection Department.

A resident in l'Aquila standing by an apartment block that had been reduced to the height of an adult said: "This building was four floors high." Some cars were buried by the rubble.

In another section of the city, residents tried to hush the wailing of grief to try to pinpoint the sound of a crying baby.

It was the worst earthquake in terms of deaths to hit Italy since 2002, when 30 children were killed in a school collapse in the south.

But officials said the death toll from this earthquake could be worse because more buildings were damaged over a wider area.

FOUR CHILDREN KILLED IN ONE BUILDING

Four children were reported killed in one building in l'Aquila, two people were dead in one outlying village and five in another. A number of people were reported to have been injured and still trapped under rubble, officials said.

There were numerous reports of some the area's centuries-old Romanesque and Renaissance churches collapsing.

Part of a university residence and a hotel collapsed in l'Aquila but it was not clear if anyone was inside. The quake brought down the bell tower of a church in the city center.

Some bridges and highways in the mountainous area were closed as a precaution.

The quake struck shortly after 3.30 a.m. (8:30 p.m. EDT) and was centered in the mountainous Abruzzo region east of Rome south of Umbria.

People in many parts of central Italy felt the quake and some ran out into the streets. Residents of Rome, which is rarely hit by seismic activity, were woken by the quake. Furniture rattled, lights swayed and car alarms went off.

The U.S. Geological Survey said the quake's epicenter was believed to be about 60 miles from Rome and that its depth was 6.2 miles.

The agency initially put the scale of the quake at 6.7 but later lowered it to 6.3. Italian officials put the magnitude at about 5.8.

The quake was the latest and strongest in a series to hit the l'Aquila area on Sunday and Monday. Earthquakes can be particularly dangerous in parts of Italy because so many buildings are centuries-old.

Following is a list of major earthquakes in Italy over the past century:

Sept 8, 1905 - Some 5,000 people are killed when a 7.9 magnitude earthquake tore through the Calabria region, obliterating 25 villages.

Dec 28, 1908 - Over 82,000 people are killed in a 7.2 magnitude earthquake which reduced Messina, Sicily's second town, to rubble. A tidal wave followed causing more devastation.

Jan 13, 1915 - Some 32,600 are killed when an earthquake measuring 7.0 struck Avezzano in central Italy.

July 27, 1930 - A quake measuring 6.5 strikes the region of Irpinia in southern Italy, killing around 1,400 people.

May 6, 1976 - An earthquake measuring 6.5 rocks Friuli in Italy's northeast corner, killing 976 people and leaving 70,000 others homeless.

November 23, 1980 - Some 2,735 people are killed and more than 7,500 injured in an earthquake measuring 6.5. The epicenter was at Eboli but damage was reported over a huge area toward Naples.

December 13, 1990 - Earthquake centered in the sea off Sicily kills 13 people and injures 200.

September 26, 1997 - Two earthquakes measuring 6.4 kill 11 people and cause serious damage to the Basilica of St Francis in Assisi, ruining priceless Mediaeval frescoes. A further quake measuring 5.1 hits Umbria days later causing damage.

July 17, 2001 - Earthquake measuring 5.2 on the Richter scale shakes the northern Italian region of Alto Adige, killing one woman.

September 6, 2002 - An earthquake measuring 6.0 strikes Sicily. Two people died from heart attacks triggered by the earthquake which also damaged artistic treasures.

October 31, 2002 - A violent earthquake measuring 5.9 hits Campobasso, south-central Italy, killing 30 people, most of them children, in San Giuliano di Puglia.

April 11, 2003 - An earthquake measuring 4.6 rocks northern Italy, rattling buildings from Milan to Turin and prompting officials to evacuate some schools.

April 6, 2009 - A powerful earthquake strikes a huge swath of central Italy, killing at least 27 people as houses, churches and other buildings collapse. The quake was centered in the mountainous Abruzzo region east of Rome. The dead were mainly in L'Aquila, a 13th century city about 100 km (60 miles) east of Rome with a population of 68,000.

For more about Italy visit WebVisionItaly.com.


Sunday, April 5, 2009

Palm Sunday in Rome: Santa Maria della Quercia

Palm Sunday in Rome: Santa Maria della Quercia the butchers of Rome give meat out to the poor. Five hundred year tradition continues in Rome today.

Buona Pasqua. Happy Holy Week, Passover, and Easter to all. Tanti Auguri!


Santa Maria della Quercia video Rome Palm Sunday . More >


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Saturday, April 4, 2009

Things to Do in Rome: Musuems and Exhibits Spring 2009

Spring in Rome is popping with flowers blooming, Easter next weekend, and temperatures in the high sixties travelers to Italy are descending on Rome. There are plenty of excellent exhibits to keep Spring-visitors to Rome entertained. Below is a list of a few happenings:

- Colosseum: 'Divus Vespasanius', celebration of Emperor Vespasian, general who took throne from Nero in 69 AD and transformed Rome, founding Flavian dynasty which built Colosseum; until January 10.

- Vittoriano: Giotto and the Trecento; 150 works from world's museums including 20 by pre-Renaissance master himself; until June 29.

- same venue: The Sabines, over 120 never-before-seen works from terracotta throne of King of Eretum, paintings and illuminated codices, up to film posters and clips of legendary 'Rape of the Sabine Women' that helped fledgling Rome survive; until April 26.

- Scuderie del Quirinale: Futurist works from 30 museums including reconstruction of the famous Futurist exhibition held at the Bernheim-Jeune Gallery in Paris in 1912; also, four works returning from New York for first time including Boccioni's 'Stati d'animo' triptych; until May 24.

- Palazzo delle Esposizioni: Darwin 1809-2009, Italy's biggest-ever show on evolution; until May 3.

- Galleria Nazionale d'Arte Moderna: Cy Twombly, first retrospective in Italy; 70-work show previously seen at Tate and Guggenheim Bilbao; until May 24.

- Chiostro del Bramante: The Myth of Julius Caesar, first ever show focusing on him alone; 200 items from ancient times until the 20th century; until April 5.

- Museo Fondazione Roma: Utagawa Hiroshige (1797-1858), lyrical Japanese landscape artist who influenced Van Gogh and Monet; 200 woodblock prints on show for first time in Italy; until June 7.

- Museo Carlo Bilotti: 100 Giorgio de Chirico metaphysical drawings; until April 19.

For more about the arts in Italy and arts by Italian-Americans visit WebVisionItaly.com's Arts Channel.

Chysler and Fiat Alliance: Why the deal WILL NOT Happen Within Obama Administration Timeline

Fiat Group SpA has been trying to get a big piece of Chrysler for next to no money, by exchanging its intellectual property for 35% of the company while the American taxpayers are on the hook for $7 billion to make the partnership happen. The Chrysler - Fiat deal most likely will not go through within the Obama administration's time-line due to the real-world nature of business. Despite the fact the Chrysler is broke, the debt holders may want to seize the collateral rather than keep Chrysler on life support while watching shares be diluted from a 35% ownership stake converted to Fiat. This means Chrysler is going to take a trip to bankruptcy court with or without Fiat and regardless of what government bureacrats, President Obama, and Congress think about standard business practices, which includes bankruptcy court.

On Friday the Wall Street Journal reported Chysler LLC's lenders are resisting efforts to convert most of the automaker's debt to equity, a conversion key to Chrysler's plan to restructure without filing for bankruptcy protection, according to published reports.

Banks including JPMorgan Chase & Co., Goldman Sachs, Citigroup Inc. and Morgan Stanley loaned Chrysler $6.8 billion in 2007 when Crberus Capital Management LP acquired 80% of the automaker

Now, Chrysler needs to swap $5 billion of that debt for equity in the automaker, as part of the plan for the company to become viable.

The banks' reluctance is slowing Chrysler's efforts to reach a definitive deal on an alliance with Fiat Group SpA, and also stalling the company's attempt to reach a health care agreement with the United Auto Workers union, the Journal reported.

A Citigroup spokeswoman declined to comment to The Associated Press. Messages seeking comment were left for the other banks. It is clear the debt has no interest in converting to equity when the equity is on the hook for billions in unfunded liabilities that makes a trip to the bankruptcy court all but guaranteed at sometime in the future, unless the entire company is turned over to the Federal Government for trusteeship of the unfunding liabilities, which is not out of the range of possibilites after what the Obama Administration has shown to be its proclivity toward bailingout big banks and private equity at 100 cents on the dollar invested rather than let the markets and bankruptcy court do its work.

Chrysler released a statement saying it "is committed to working closely with all constituents, the administration, U.S. Treasury and the (government's auto) task force over the next 30 days to reach a successful conclusion." The company declined further comment.

Treasury officials couldn't be reached for comment.

Because the banks hold debt secured by collateral, they have the right to take Chrysler plants and assets if the company files for bankruptcy protection. That means the banks may be better off with what's left of Chrysler in liquidation than what they'd get if they agree to restructure the debt.

The government has little leverage to force the banks to make concessions if they believe they'll be better off in bankruptcy court. But the banks that are pushing back against Chrysler and the government are also the direct recipients of government aid through the banks' own bailouts.

Chrysler also owes money to Cerberus and Daimler AG, but they already have agreed to exchange all that debt for Chrysler equity. Other lenders also appear willing to make concessions, but JPMorgan is leading the negotiations with Treasury, the Journal reported.

It is easy to figure out why Fiat wants its 35% in exchange for green-car technology know-how. The company has said it wants a production base in North America to build its Alfa Romeo, and probably Fiat cars, although most likely wrapped in Chysler's skin and brand. A quarter-century ago, Fiat quit selling the Fiat brand in the United States; today it sells just a few thousand Ferrari and Maserati cars in America.

Fiat is presented with a huge opportunity to reenter the United States market and benefit from the US government's and taxpayer's current largess, but obviously Fiat cannot buy Chrysler or take on its tremendous unfunded liabilities in its pensions due not only labor but previous management. Fiat does not want to tie itself to titantic Chrysler. The company said it "intends to make absolutely clear that the proposed alliance will not entail the assumption of any current or future indebtedness to Chrysler."

Fiat CEO Sergio Marchione has said that in order to survive, a car-maker needs to sell between 5.5 to 6 million units per year. But Fiat and Chrysler are still well below this level by more than 2 million units. It is not out of question that in 5 or 6 years, maybe a decade, car sales do takeoff and this partnership may sell 8+ million units in the United States, and then the two partners and the private equity would be rolling in the money.

Thursday, April 2, 2009

Italians find traces of dark matter - Satellite picks up 'first real evidence' of invisible stuff
















(ANSA) - Rome, April 2 - An Italian-led space mission may have collected the first concrete evidence of dark matter, according to scientists.

A highly sensitive detector launched in 2006 to study cosmic rays has recorded an unexpected abundance of positrons, the antimatter counterpart of the electron, which may be left behind when dark matter is destroyed. ''This is a fantastic result,'' said research coordinator Piergiorgio Picozza of the National Institute of Nuclear Physics of the breakthrough to be published in Nature. ''It's the first real evidence of the possibility of dark matter, although it's still necessary to collect further data''.

Further research will need to exclude other possible sources of the positrons, such as spinning stars called pulsars that emit electromagnetic radiation, or cosmic rays impacting with atoms.But Picozza said he was ''hopeful'' that other sources would be ruled out.

Dark matter is the hypothetical, invisible matter believed by astrophysicists to account for around 23% of the universe, and whose presence is inferred from gravitational effects on visible matter.

Visible matter, which makes up the stars and planets, comprises just 4-5% of the universe, while the remaining 72% is dark energy, a hypothetical energy form that some cosmologists say is behind the accelerating rate of the expansion of the universe.Picozza and his team used data from the Pamela (Payload for Antimatter Matter Exploration and Light-nuclei Astrophysics) satellite, which is a joint initiative between Italy, Germany, Sweden and Russia.

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