Earthquake In New Zealand

Schools will remain closed for the next two days to allow safety checks. The cost of repairs has been estimated at NZ$2bn ($1.44bn; £930m). Most households and businesses were expected to claim from their insurers and the Earthquake Commission (EQC), officials said.
The above-ground damage is obvious, but it could take some time to understand just how much damage there is to underground infrastructure.
The prime minister said the earthquake would have a short-term negative impact on economic growth, but that the loss "would be more than made up by the stimulus impact that takes place with the rebuilding programme".