Today in Japan

Photo by CNN.

According to CNN, in addition to the loss of life (now confirmed at over 15oo but likely to rise considerably), the economic costs are huge:

Losses from the quake, tsunami and fires will total at least $100 billion, including $20 billion in damage to residences and $40 billion in damage to infrastructure such as roads, rail and port facilities, catastrophe modeling firm Eqecat estimated.

The Japanese were well-prepared for earthquakes — much better than the U.S. — but it still wasn’t enough.