Powerful earthquakes devastate Venezuela

Two powerful earthquakes struck Venezuela about 100 miles west of Caracas on Wednesday, killing dozens of people, injuring hundreds and causing widespread damage.The big picture: The U.S. Geological Survey issued its highest-level alert, signaling the back-to-back magnitude 7.2 and 7.5 earthquakes were expected to cause extensive casualties and severe economic damage.The first earthquake struck near Morón on Venezuela's Caribbean coast at a depth of 13.6 miles. The second quake struck seconds la...