Earthquake rattles southern Greece

Athens – Seismologists say an earthquake with a preliminary magnitude of 5.7 rattled southern Greece and was widely felt in the capital, Athens. There were no immediate reports of injuries or damage.

The U.S. Geological Survey put the preliminary magnitude at 5.7, with an epicenter 25 kilometers (15 miles) east of the island of Hydra and about 78 kilometers (48 miles) south of Athens. The Web site of the Athens Geodynamic Institute put the magnitude at 5.6. Different seismology institutes often have varying magnitudes in the early hours after a quake.

The quake occurred at 11:08 p.m. local time (2008 GMT).

Greece lies in a very seismically active area. A series of strong earthquakes in January on the western island of Kefalonia damaged hundreds of homes and injured more than a dozen people.

Source: Associated Press

Signs of the Times

Earthquake rattles southern Greece

Stocks down: Fed exit rattles markets, again

Adam Shell
USA Today
January 28, 2014

Are the Federal Reserve’s fingerprints on Wall Street’s latest 911 call?

If there’s been a traceable pattern to the U.S. stock market’s biggest dips in recent years, including the latest swoon driven by turbulence in emerging markets, it is this: Sell-offs have coincided with periods when the Federal Reserve was ending or pulling back on its market-friendly stimulus programs.

Ever since the Fed began its unprecedented bond-buying program in late 2008, stocks have tended to go up when the central bank has been in the market supporting asset prices. In contrast, stocks have declined whenever the Fed has been out of the market or cutting back on its asset purchases.

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This article was posted: Tuesday, January 28, 2014 at 3:32 pm

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Stocks down: Fed exit rattles markets, again