Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

‘Terrifying’ Quake Had N.Z Economist Ebert Fearing for Life

Craig Ebert, a senior economist at Bank of New Zealand, said he feared for his life as a magnitude 7 earthquake shook his room on the 23rd floor of a Christchurch hotel.

“We thought it was all over,” Ebert, 43, said in a telephone interview from his office in Wellington today, recounting the experience at the weekend. “I’ve bungee jumped and white-water rafted and the fear factor was way beyond that. You genuinely feared for your life because you had no control.”

Ebert said his room three floors from the top of the 26-story Hotel Grand Chancellor, in the heart of the central business district, is “probably the tallest part” of New Zealand’s second-largest city. He was staying in the area after delivering a presentation to a local property institute on Sept. 3, and was woken by the quake around 4:35 a.m. local time.

“It felt awful -- the noise and the swaying and I was convinced something was going to break or crumble,” Ebert said.

He said he was “frozen, stuck on the bed trying not to fall off, hoping like hell nothing would snap or crumble.”

Next “we made the decision to throw on some clothes and make our way down the stairs by the light of our cell phones.”

The South Island city of about 348,000 people was placed under a state of emergency after the quake struck, cutting power, damaging roads, rupturing sewer lines and water pipes and ripping facades off buildings. The damage is estimated at NZ$2 billion ($1.4 billion).

Ebert said the timing of the temblor had been quite fortunate as it was after people had left the city’s pubs and restaurants and before they returned for morning shopping.

“Had it happened a few hours earlier or later there would have almost definitely been fatalities given the way the buildings crumbled,” he said.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.