Many killed in Italian train inferno in Viareggio

Viareggio an Italian train inferno

Viareggio, treno deraglia esplodendo,

Esplosione Treno Merci a Viareggio

At least 16 people have been killed in northern Italy, after a freight train carrying gas derailed and crashed into several homes.

Many of the victims were asleep when the train ploughed into their homes, triggering an explosion.
At least 16 people were killed and more than 36 others injured when the freight train exploded in Viareggio northern Italy late Monday. The train was transporting liquefied petroleum gas when one of the carriages exploded just before midnight near the town of Viareggio, north of Pisa in the country's northwest.

Several carriages left the tracks and crashed into nearby homes, setting off an inferno in the seaside town in the middle of the night.

About a thousand people were evacuated from the area just after the train derailed and people were reportedly thrown from their beds by the force of the explosion near the train station of Viareggio, about 350 km north of Rome.

Many of the victims died when their houses collapsed and there were fears some people were still trapped under the rubble on Tuesday.

China Calls for New World Reserve Currency , The Dollar Drops

Dollar Falls Most in Month as China Urges New Reserve Currency

Bloomberg's Scarlet Fu reports on the Chinese central bank's renewed call for a new global reserve currency. The People's Bank of China said in its 2008 review released today that there is a need to create a currency that's "delinked" from sovereign nations. The central bank also said the International Monetary Fund should manage more of its members' foreign-exchange reserves.
The dollar declined the most against the euro in a month and dropped versus the yen after China repeated its call for a new global currency.

The Swiss franc declined against the euro and dollar this week as foreign-exchange analysts said the central bank sold its currency three times to support the economy. The greenback fell against most of its major counterparts after the People’s Bank of China said yesterday the International Monetary Fund should manage more of members’ foreign-exchange reserves.

“The dollar’s status as a reserve currency is being questioned,” said Benedikt Germanier, a foreign-exchange strategist in Stamford, Connecticut at UBS AG, the second- largest currency trader. “There are reasons to sell the dollar.”

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