Japan's fishing industry may be about to undergo a complete transformation. One local government is proposing opening coastal waters to big-business investors in what he says is an effort to save the industry. The Christian Science Monitor reports.
A tsunami warning is in effect for parts of the Aleutian Islands of Alaska after a 7.1-magnitude earthquake was recorded in the ocean.
Hurricane Irene was the 'Perfect Storm' for insurers in a different sense of the cliche. The weakened storm that spared New York city from major damage gave the wealthy and rarely hit Northeast enough of a scare because of ominous weather forecasts leading up the storm that property insurers will be able to raise pricing even more next year, according to a Morgan Stanley analyst.