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Earthquakes

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  • Rescue workers check the remains of a tsunami devestated house

    Japanese investment bank Nomura is predicting the 9.0-magnitude earthquake that occurred off the northeastern coast of Japan on Friday will hit Japanese growth in the second quarter and predicts reconstruction efforts will not boost growth as much as some are predicting in the second half of 2011.

  • Fukushima Dai Ni Nuclear Power plant

    The unfolding crisis at the two reactors, both at the Fukushima Daiichi Nuclear Power Station, feeds into a resurgence of doubts about nuclear energy’s safety — even as it has gained credence as a source of clean energy, the New York Times reports.

  • Japan Says Partial Meltdown Likely at Second Reactor Saturday, 12 Mar 2011 | 11:31 PM ET
    An aerial view shows the quake-damaged Fukushima nuclear power plant in the Japanese town of Futaba, Fukushima prefecture on March 12, 2011. Japan scrambled to prevent nuclear accidents at two atomic plants where reactor cooling systems failed after a massive earthquake, as it evacuated tens of thousands of residents.

    A partial meltdown was likely under way at a second nuclear reactor, a top Japanese official said Sunday, as authorities frantically tried to prevent a similar threat from nearby unit following a catastrophic earthquake and tsunami.

  • Danger Posed by Radioactivity in Japan Hard to Assess Saturday, 12 Mar 2011 | 7:39 PM ET
    An aerial view shows the quake-damaged Fukushima nuclear power plant in the Japanese town of Futaba, Fukushima prefecture on March 12, 2011. Japan scrambled to prevent nuclear accidents at two atomic plants where reactor cooling systems failed after a massive earthquake, as it evacuated tens of thousands of residents.

    The central problem in assessing the degree of danger is that the amounts of various radioactive releases into the environment are now unknown, the New York Times reports.

  • Tsunami Surge Deals Blow to Struggling Calif. Town Saturday, 12 Mar 2011 | 7:04 PM ET
    Fishing boats crash into one another as tsunami surges from Japan earthquake slam into the harbor, Crescent City, California.

    Fishermen who had escaped to sea before the tsunami hit this struggling coastal town landed small loads of crab on Saturday, while crews surveyed damage and a family combed the beach for any sign of a man who was swept away a day ago as he photographed the waves.

  • Japan Quake's Financial Impact: Five Things to Watch Friday, 11 Mar 2011 | 1:12 PM ET
    A factory building has collapsed in Sukagawa city, Fukushima prefecture, in northern Japan. A massive 8.9-magnitude earthquake shook Japan, unleashing a powerful tsunami that sent ships crashing into the shore and carried cars through the streets of coastal towns.

    While commodity and currency markets took the biggest immediate hit from Friday's earthquake and tsunami in Japan, the damage will be felt throughout the world's economy and the US.