Archive for March 12th, 2011

March 12, 2011

Japan in nuclear disaster fear after reactor explodes

Telegraph UK confirms an AFP agency report that an explosion blasting white smoke into the air was heard today at a power plant placed under an ’emergency’ situation by the Japanese government in the wake of the country’s major earthquake. Many workers have been injured and the government has warned that radiation leaks will occur. The reactor is at the Daiichi works which is around 150 miles away from Tokyo.

The explosion is fuelling fears of a  major nuclear disaster for the country, especially as one other reactor has also been compromised by the earthquake.

Capital Markets Implications

According to Telegraph Finance, due to worries about the effect on the country’s economy in the aftermath of the earthquake, there has been an acute sell-off  in stock markets over Asia.  Japan‘s index ended today ended at 1.7pc lower at 10254.40, with South Korea’s Topix and Hong Kong’s Hang Seng showing rapid falls as well. Europe’s bourses were next and Germany’s Dax and France’s CAC 40 followed suit.

[Asia Contributor]

March 12, 2011

Tweeters to be licensed by UK courts

International reports that British courts have effectively banned tweeting from hearings without the permission of the court. They say that it is to prevent the prejudicing of trials.  The country’s head judge, Justice Igor Judge, in a report about the use of  social media communications from court, said that in only exceptional cases would permission be granted and it is likely that only members of the press would be so permitted.
According to the report: “The combination of instant reporting without the self-restraint presumed to be exercised by accredited members of the media might lead to a greater likelihood of prejudicial reporting….(and tweeting from members of the public may be more harmful as they)…usually involve less measured remarks, which are presented in a manner which invites commentary and opinion from other users, and are posted in real time with no opportunity for review.”

In the UK, TV cameras are not allowed in courtrooms.

[Social Media Contributor]

March 12, 2011

The horror – Japan’s quake and aftershock kills thousands

[Asia Contributor]

MailOnline reports that Japan is now a disaster zone after experiencing the biggest earthquake in the country’s history. Tsunami waves have washed through its cities killing thousands, wiping out villages and causing untold damage to the country’s infrastructure.

The country’s death toll now at more than 1000 is set to rise as the aftershock  continues its destruction. A nuclear reactor in the country, damaged by the earthquake, is emitting radiation at more than 1,000 times the safe level and concern is mounting for safety of nearby residents as a six-mile safety zone has been imposed and residents ordered to leave the vicinity of the Fukushima No.1 power plant for fear that it might disintegrate.

The country’s biggest ever quake’s aftershock has now reached Hawaii and Chile and is expected to cause tsunami damage to these countries.