Costa Concordia

The worst is not over.  That ship is going to shift and sink in ~230' of water.  The oil tanks will rupture and the marine sanctuary will be polluted.  It's going to turn into an ecological disaster.  At least it can still be raised from that depth – but it will be a damned expensive proposition and it's hard to imagine who might pay for that.  As a direct result, the Italian owners of the ship will go bankrupt and may pull Carnival Cruises down too.  Even if the salvage company recovered the ship, it's now useless – it would have to be floated somewhere and scrapped.  Not likely.  It will probably stay right where it sinks.  Italy may sink right along with it.
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