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April 30, 2024
 

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BANKRUPTCY 3

Japan Times
JAPAN / NATIONAL SPOTLIGHT
Oct 20, 2013
JAL rehab a lesson for possible Tepco failure?
Since the start of the Fukushima No. 1 nuclear plant crisis, debate has raged over whether the government should have Tokyo Electric Power Co. go bankrupt.
JAPAN
Oct 17, 2013
Government disinclined to prod Tepco into bankruptcy: Abe
The government will not force Tokyo Electric Power Co. into bankruptcy despite the massive costs it faces because of the Fukushima No. 1 nuclear plant meltdown disaster, Prime Minister Shinzo Abe indicated Thursday.
COMMENTARY / World
Jul 31, 2013
Like other U.S. cities, Detroit must reinvent itself
If nothing else, Detroit's bankruptcy marks the symbolic closure of an era when heavy industry dominated the American economy and the U.S. dominated the world.
WORLD
Jul 26, 2013
Still rich in other ways
To me, Detroit has always seemed rich. My home town is a city that brims with history. It was the laboratory where Henry Ford would assemble his greatest creation, the automobile, and the city that would forever change how the world got around. We were the arsenal of democracy during the Second World War. Walter Reuther and Jimmy Hoffa organized laborers here. The Nation of Islam was born here. Martin Luther King Jr. marched through our streets.
Japan Times
WORLD
Jul 26, 2013
Bankrupt Detroit pins hopes on arts
James Morris is the owner of DSE, a downtown Detroit T-shirt business. He hadn't noticed that his city had filed for bankruptcy and he doesn't particularly care. "There hasn't been a moment when Detroit wasn't dealing with problems. Now it's just official," he said.
Japan Times
BUSINESS / FOCUS
Jul 22, 2013
Restructuring wizard sets sights on Detroit
The man who has become the face of Detroit's historic bankruptcy planned to spend his weekend at home in Chevy Chase, Maryland, corralling the ferns that are overgrowing their planters and threatening his garden. Or maybe taking his two young children to the pool.
Japan Times
BUSINESS / FOCUS
Jul 20, 2013
Detroit renews urban policy debate
A national urban policy would not have saved Detroit, but the city's bankruptcy filing Thursday was a vivid reminder of how the problems of America's cities have long ceased to be a focal point of the political debate in presidential campaigns or on Capitol Hill.
Japan Times
BUSINESS
Jul 19, 2013
Detroit files for biggest municipal bankruptcy in American history
Detroit files the largest municipal bankruptcy in U.S. history, marking a new low in a decline that has left the Motor City bleeding revenue and choking city services.
EDITORIALS
Mar 11, 2007
Long road to rehabilitation
The announcement last June by Yubari, Hokkaido, a former coal-mining town now known for the Yubari brand of melon, that it had effectively gone bankrupt sent shock waves throughout the nation because many cities, towns and villages face a similar financial crisis. The city has adopted, and the government has accepted, a financial reconstruction plan to pay off accumulated debts of 35.3 billion yen over 18 years starting in fiscal 2007.
When will Japan intervene to support the yen?
Finance Minister Shunichi Suzuki has reiterated the government's readiness to take an appropriate action as the yen continues to slide against the U.S. dollar.
'So hot you can't breathe': Extreme heat hits the Philippines
A pedestrian cools himself with a folding hand fan as he waits for a ride along a road in Manila on Wednesday, as extreme heat hit the Philippines.
Raising kids in Japan as a single parent? It takes a village.
Making things work as a foreign, single mother in Japan isn't easy, but these tips and tricks can help you through the hardest parts.
Yen rebounds strongly after first slide past ¥160 since 1990
The yen dropped to ¥160.245 per dollar on Monday before heading into the other direction to ¥155.01 amid speculation of an intervention by Japanese currency authorities.
JAL cancels international flight after captain gets drunk at Dallas hotel
A Japan Airlines' flight from Dallas to Tokyo was canceled last week after its captain got drunk at a local hotel.
Climate change, chalky grains and the risks for Japan’s rice farmers
A farmer plants seedlings in Satsumasendai, Kagoshima Prefecture. Japan’s self sufficiency rate for rice is nearly 100%, compared with 38% for food overall, on a calorie basis.
Japan wants you to spend more with ‘luxury tourism’
Performers play a traditional drum unique to Wajima, Ishikawa Prefecture, in the prefectural capital of Kanazawa on March 16 to mark the extension of the Hokuriku Shinkansen line to Tsuruga Station in Fukui Prefecture.
Theaster Gates’ ambitious ‘Afro-Mingei’ brings Black Chicago to Tokyo
Theaster Gates' “A Heavenly Chord” lines up church pews before seven speakers and a Hammond B3 organ, a type of electric organ prevalent in Black American churches.
Casa del Cibo: A thriving jewel born from Tohoku’s harsh past
When chef Ryohei Ikemi moved to Hachinohe, Aomori Prefecture, and opened Casa del Cibo in 2011, it was the first proper Italian restaurant in the city.
Town to block view of Mount Fuji in response to overtourism
The town government of Fujikawaguchiko, Yamanashi Prefecture, decided to set up a 2.5-meter-high screen to prevent tourists from taking pictures of Mount Fuji looming behind a convenience store.

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