Saturday, March 19, 2011

Japan: The Good, The Bad, and The Ugly

Japan is reeling from a devastating 9.0 earthquake and an accompanying 30 foot tsunami (a Japanese term meaning harbor wave). The tsunami tossed cars and ships around like toys, flattening towns and cities in minutes. The death toll is expected to top 10,000.
And now engineers are struggling to control radiation from damaged reactors -- a slow-moving nightmare that just won't go away.
The Good
The People. The Japanese are a hardworking, extremely resilient people. No matter how much destruction, how much suffering, how many deaths, they will bounce back. Remember, this country rose from the ashes of World War II (including losing two cities to nuclear bombs) to become the second largest economy in the world (only recently has China claimed the number 2 spot).
The Corporations. Can you think of anyone who makes cars better than Toyota (TM) or Honda (HMC)? Complete article on SeekingAlpha here

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