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Natural Disasters

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  • 11 Nuclear Meltdowns and Disasters Wednesday, 16 Mar 2011 | 2:21 PM ET
    On March 11, 2011, an earthquake measuring 9.0 on the Richter scale struck Japan, bringing a destructive tsunami along with it. One of the sites most affected by the devastation was the Fukushima Daiichi nuclear power plant, which experienced a partial meltdown two days after the quake. The incident is being called the worst nuclear accident since the 1986 disaster at Chernobyl, and it has shown few signs of slowing down. Click ahead to see 11 other history-making nuclear disasters.

    On March 11, 2011, an earthquake measuring 9.0 on the Richter scale struck Japan, bringing a destructive tsunami along with it. See 11 other history-making nuclear disasters.

  • Japan Won't Derail US Economic Recovery: Rattner Wednesday, 16 Mar 2011 | 1:20 PM ET
    Steven Rattner

    As global sell-off intensifies on fears of Japan's nuclear crisis, the former car czar told CNBC Wednesday that nothing will derail our economic recovery except oil.

  • Emerging Market Currencies are Emerging on Sell Lists Wednesday, 16 Mar 2011 | 1:04 PM ET

    Traders have started souring on some emerging market currencies this week, and the fun may just be starting.  

  • Japan Could Face Another Recession: Morgan Stanley's Roach Wednesday, 16 Mar 2011 | 12:41 PM ET

    Because of Japan’s many troubles, before and after recent events, the Asia nation could face recession again, Stephen Roach, Morgan Stanley’s non-executive chairman Asia, told CNBC Wednesday.

  • Japan Crisis to Have Little Effect on US GDP: Economist Wednesday, 16 Mar 2011 | 11:33 AM ET

    At worst, the crisis in Japan will reduce U.S. gross domestic product by one-half of 1 percent, according to Brian Levitt, economist at Oppenheimer Funds.

  • How to Help Japan Wednesday, 16 Mar 2011 | 10:45 AM ET
    Rescue workers carry a body from the rubble of a village destroyed by the devastating earthquake, fires and tsunami March 16, 2011 in Kesennuma, Miyagi province, Japan.

    The international outpouring of support for the people of Japan has been a truly wondrous thing to behold.

  • Yen's on a Roll, Dollar's on a Slide Wednesday, 16 Mar 2011 | 10:05 AM ET

    The yen hit a four-month high against the dollar, and Bahrain's central bank is on the move — it's time for your FX Fix.

  • Last Defense at Troubled Reactors: 50 Japanese Workers Wednesday, 16 Mar 2011 | 2:24 AM ET
    Koriyama fire department staff check radiation levels of rescue personnel in Koriyama city in Fukushima prefecture on March 13, 2011.

    A small crew of technicians, braving radiation and fire, became the only people remaining at the Fukushima Daiichi Nuclear Power Station on Tuesday — and perhaps Japan’s last chance of preventing a broader nuclear catastrophe, the New York Times reports.

  • Japan Disaster Strengthens Case for Commodities: Rogers Wednesday, 16 Mar 2011 | 2:10 AM ET

    Oil prices have fallen sharply in the wake of the disaster in Japan as investors have shunned risk. Nymex has declined around 5 percent since last Friday's earthquake and tsunami. However, Jim Rogers, Chairman of Rogers Holdings, who has been a long-term bull on oil,  thinks it's only a matter of time before the current trend reverses.

  • Japan Supply Chain Risk Reverberates Globally Wednesday, 16 Mar 2011 | 2:04 AM ET
    An employee of Nissan Motor Company works on the assembly line at Nissan's Global Production Engineering Center (GPEC) on May 29, 2007 in Zama, Japan. The GPEC in Zama City is one of several training and development centres established by Nissan in order to train Nissan?s global manufacturing employees to become experts in the 'Nissan Production Way'; improving technology and production efficiency worldwide.

    With many Japanese factories facing temporary or partial closure, the earthquake has left investors facing an uncomfortable truth: in the modern world, it can be tough to assess how convoluted cross-border linkages really work, in manufacturing as in finance, the Financial Times reports.

  • Reactor Design in Japan Has Long Been Questioned Tuesday, 15 Mar 2011 | 9:23 PM ET
    Quake-damaged Fukushima nuclear power plant in Futaba, Fukushima

    The type of containment vessel used in the stricken reactors in Japan has long been thought susceptible to failure in an emergency. The NYT reports.

  • Japan Nuclear Crisis Creates Opportunities? Tuesday, 15 Mar 2011 | 8:06 PM ET

    To find them, Cramer goes "Off the Charts."

  • Cramer: Japan Is Not a 'Chernobyl Situation' Tuesday, 15 Mar 2011 | 7:39 PM ET

    Japan's nuclear concerns are not comparable to the Chernobyl disaster, Cramer said.

  • A group of Chinese citizens at the City Hall await transport to leave the tsunami devastated city of Sendai, Miyagi prefecture on March 15, 2011.

    Markets will stay sensitive to any developments with Japan's unfolding nuclear crisis or from Middle East trouble spots, and that could once more weigh on risk assets.

  • No Reason to Close Tokyo Stock Exchange: Official Tuesday, 15 Mar 2011 | 3:38 PM ET

    The Tokyo stock market should remain open for trading this week, the country's economy minister said Tuesday.

  • The Most Costly Earthquakes of All Time Tuesday, 15 Mar 2011 | 3:07 PM ET
    The March 2011 earthquake off the coast of Japan has rocked international markets as the world tries to gauge the reality of the human and economic devastation in the country. Japan's 9.0 magnitude earthquake is a rare event, according to the US Geological Survey (USGS). Globally we experience an average of only one earthquake above an 8.0 magnitude each year. This, of course, varies from year to year, with the most recent examples being four 8.0+ magnitude earthquakes in 2007 and zero in 2008.

    The March 2011 earthquake off the coast of Japan has rocked international markets as the world tries to gauge the reality of the human and economic devastation in the country.

  • Japan's Nuclear Crisis: A Timeline of Key Events Tuesday, 15 Mar 2011 | 2:48 PM ET
    Fukishima nuclear reactor explosion.

    Japan is struck by the largest recorded earthquake in its history off the coast of the northeastern city of Sendai, putting in motion a series of events that led to a nuclear crisis. The Christian Science Monitor reports.

  • Will Japan Crisis Spark Global Markets Correction? Tuesday, 15 Mar 2011 | 2:42 PM ET
    Koriyama fire department staff check radiation levels of rescue personnel in Koriyama city in Fukushima prefecture on March 13, 2011.

    There is another problem building, and some fear it could lead to a much more widespread crisis in financial assets.

  • Down on Dollars - Just Not the US Kind Tuesday, 15 Mar 2011 | 2:33 PM ET

    As investors have rushed to safe-haven currencies, the Canadian and Australian dollars have been hit hard - maybe too hard.

  • In light of the disasters in Japan, the decline in the U.S. stock market is not commensurate with what the impact would be on U.S. economic growth, according to economist Joe LaVorgna.