This accident happened in Australia. This crane is only 9 days old and cost the company $4mill! The price doesn't include all the damage to the new building. The good news is that nobody was killed or seriously injured. The crane balanced in the air for about 1 hour before the entire rig finally fell thru the floor. The boom layed across the site and then the crane fell all the way to the basement. This accident could have been avoided with the proper planning. 
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