May 24, 2011

Japan's GDP takes a hit

The Cabinet Office on May 19 said that Japan’s gross domestic product in real terms in the January-March period declined 0.9 percent from the October-December period in 2010 or an annualized 3.7 percent, marking negative growth in two consecutive quarters. GDP in nominal terms, ...

Mar 18, 2011

Disaster clobbers a helper

by Kanayo F. Nwanze, Martin Parry, David Rising, Stephanie Pertuiset, Maria Sheah, Jamie F. Metzl, David Gordon, Jerry Z. Muller, Timothy Cox, Lakhdar Brahimi, Carol Mann, Michael J. Boskin, Lester Tenney, Chris Patten, Pamela Cox, George Akerlof, Mkhaimar Abusada, and John J. Metzler

NEW YORK, UNITED NATIONS — The massive earthquake and tsunami that rocked and ravaged large parts of northern Japan have caused near apocalyptic devastation to the land and the environment. The 9.0-magnitude shock, the largest ever recorded in the earthquake-prone country, was brutally magnified ...