A decontamination worker at the entrance of Futaba, an abandoned town near the Fukushima nuclear plant.Credit...Toru Hanai/Reuters TOKYO — In the chaotic, fearful weeks after the Fukushima nuclear crisis began, in March 2011, researchers struggled to measure the radioactive fallout unleashed on the public. Michio Aoyama’s initial findings were more startling than most. As a senior scientist at the
ROCKVILLE, Md. — The new chairwoman of the Nuclear Regulatory Commission has good news and bad news for the nuclear power industry. The good news is that although an impasse over the storage of nuclear waste now threatens some of the industry’s routine activities, the chairwoman says she believes that a permanent repository can be set up eventually. The bad news is that she considers the industry’
Vegetable Cafe Harmonize, in Fukushima, sells produce grown far from the stricken Fukushima Daiichi nuclear plant.Credit...Ko Sasaki for The New York Times ONAMI, Japan — In the fall, as this valley’s rice paddies ripened into a carpet of gold, inspectors came to check for radioactive contamination. Onami sits just 35 miles northwest of the wrecked Fukushima Daiichi nuclear plant, which spewed rad
As Scott Jerome-Parks lay dying, he clung to this wish: that his fatal radiation overdose � which left him deaf, struggling to see, unable to swallow, burned, with his teeth falling out, with ulcers in his mouth and throat, nauseated, in severe pain and finally unable to breathe � be studied and talked about publicly so that others might not have to live his nightmare. Sensing death was near, Mr.
With Quest to Cool Fuel Rods Stumbling, U.S. Sees ‘Weeks’ of Struggle Evacuees receiving radiation scans in Nihonmatsu, Japan. Americans were advised by their embassy to evacuate a radius of 50 miles from the Fukushima plant.Credit...Go Takayama/Agence France-Presse — Getty Images TOKYO — Amid widening alarm in the United States and elsewhere about Japan’s nuclear crisis, military fire trucks bega
A Chinese farmer on dry farmland on the outskirts of Rizhao, Shandong Province, in January.Credit...Reuters HONG KONG � The United Nations’ food agency issued an alert on Tuesday warning that a severe drought was threatening the wheat crop in China, the world’s largest wheat producer, and resulting in shortages of drinking water for people and livestock. China has been essentially self-sufficient
Prime Minister José Sócrates, left, with Finance Minster Fernando Teixeira dos Santos on Tuesday, said that Portugal was making progress in reducing its budget deficit.Credit...Armando Franca/Associated Press ATHENS � Greece. Ireland. And now, it seems, Portugal. While the circumstances that have driven these debt-ridden members of the euro zone to the brink differ, they share one common character
The Irish Parliament gave its backing Wednesday to the rescue package agreed to with the European Union and the International Monetary Fund, hours after Moody’s Investors Service put Spain on watch for a possible downgrade of its credit rating. Deputies in Dublin voted 81 to 75 to accept the €85 billion, or $113 billion, agreement reached last month. The government overcame criticism from the oppo
A worker walks past apartments under construction in Beijing. The real estate market in China has been booming. Stimulus money and loose bank lending have spurred development.Credit...Jason Lee/Reuters China’s economy has continued to grow rapidly, bolstered in part by an enormous government stimulus package and liberal lending by state banks after the global financial crisis began in late 2008. T
Changing the face of foreclosure in America will take some time, several state attorneys general said Wednesday, cautioning that an agreement with major lenders over revamped foreclosure practices was not imminent. “We want to move as quickly as possibly but it has to be done right,” said Roy Cooper, the attorney general of North Carolina. “We have plowed this ground before.” Ever since the law en
One billion dollars? Six billion? Ten billion? More? After scratching their heads for weeks over how much the foreclosure mess will hurt banks’ bottom lines, investors got out their calculators Thursday to tally the potential costs � and sent bank stocks plunging. Analyst estimates of the possible toll varied widely, but the fear was evident in the stock market. The share price of Bank of America
At JPMorgan Chase & Company, they were derided as “Burger King kids” — walk-in hires who were so inexperienced they barely knew what a mortgage was. At Citigroup and GMAC, dotting the i’s and crossing the t’s on home foreclosures was outsourced to frazzled workers who sometimes tossed the paperwork into the garbage. And at Litton Loan Servicing, an arm of Goldman Sachs, employees processed foreclo
BRUSSELS � Top European finance officials said Tuesday that results of banking stress tests would be released on July 23 but that some national regulators could take longer to release more detailed information on certain lenders. “We want this to be as broadly based as possible, involving the institutions with sovereign debt exposure,” said Didier Reynders, the Belgian finance minister. “We want t
LOS ALTOS, Calif. � No need for tears, but the well-off are losing their master suites and saying goodbye to their wine cellars. The housing bust that began among the working class in remote subdivisions and quickly progressed to the suburban middle class is striking the upper class in privileged enclaves like this one in Silicon Valley. Whether it is their residence, a second home or a house boug
Chinese Economy Is ‘Good’ but Vulnerable, Premier Says BEIJING (AP) � China’s economic health still faces threats from the halting global recovery, but Beijing has no plans to make major changes to its economic policies, Premier Wen Jiabao said in a report posted on the central government’s Web site on Sunday. China rebounded quickly from the global crisis on the strength of a huge stimulus spendi
Strikers outside a Denso auto parts plant in Guangzhou, China. The authorities appear to have tolerated recent strikes that led to higher wages.Credit...Tyrone Siu/Reuters BEIJING � For years, Chinese leaders looked to the millions of poor workers from the country’s interior as the engine of a roaring export economy. They would move to coastal provinces, toil in factories and churn out the world’s
China's Manufacturing Sector Grew in May, but at a Slower Pace HONG KONG — The booming pace of China’s manufacturing growth slowed somewhat in May, as an array of government steps to forestall overheating in the giant economy began to take effect, data showed Tuesday. Two surveys of purchasing managers in China, one by the government’s Federation of Logistics and Purchasing and another by HSBC, ea
WASHINGTON — The Senate on Wednesday rejected an effort by Democratic leaders to complete work on a sweeping financial regulatory bill as two key Democratic holdouts said it still did not tighten rules on Wall Street enough. The holdouts — Senators Maria Cantwell of Washington and Russ Feingold of Wisconsin — joined with 39 Republicans to block an effort by the majority leader, Harry Reid of Nevad
Shoppers in central Warsaw. Even Poland, with one of the fastest-growing economies in Europe, is feeling a credit squeeze.Credit...Wojtek Radwanski/Agence France-Presse — Getty Images When Tadeusz Nowicki visited his local bank in early May looking for credit to expand production at his profitable and fast-growing plastics processing company in Warsaw, Ergis-Eurofilms, he got a lecture instead. “T
WASHINGTON — Perhaps the only thing slower than the economy in creating new jobs is the process by which the White House and Congress are creating new jobs bills. A year that Democrats decreed would be about “jobs, jobs, jobs” has produced a far different check list as its sixth month nears: health care, financial regulation, energy, a nuclear arms treaty and a Supreme Court vacancy, as well as in
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