SNAPSHOT-Developments after major
Japan earthquake
(Reuters) - Following are main developments in the 8.9 magnitude earthquake that struck northeast Japan on Friday.- Death toll expected to exceed 1,300, domestic media say, with most people appeared to have drowned.* Chief Cabiet Secretary Yukio Edano says there was an explosion at Tokyo Electric Power Co's (TEPCO) Fukushima nuclear power plant after the quake but not at the reactor container. He added that no large amount of radiation leakage was expected.- Fukushima prefecture says the ceiling of TEPCO's reactor has collapsed. NHK says the outer structure of the building that houses the reactor appeared to have blown off.- TEPCO says four people taken to hospital after explosion, but they do not have life-threatening injuries, Jiji reports.- Earlier, Japan warned of a meltdown at the nuclear reactor damaged after the quake, but said the risk of radiation contamination was small.- Authorities moved tens of thousands of residents from area near two nuclear plants in Fukushima prefecture, some 240 km (150 miles) north of Tokyo, as they try to reduce pressure in the reactors.- The government says it has expanded the evacuation area around the Fukushima Daiichi nuclear power plant to a 20 km radius from 10 km.- TEPCO, which operates the plants, quoted by Kyodo news agency as saying fuel may have been damaged by falling water levels at Daiichi nuclear plant.- Quake triggers tsunami up to 10 metres (30 feet), with waves sweeping away homes, crops, vehicles and submerging farmland. Scores of locations on fire, including a large waterfront area in northern Sendai city.- Bank of Japan will hold policy meeting on Monday and announce decision on same day. The central bank vows to do utmost to ensure financial market stability.- Toyota Motor Co says it will suspend operations at all 12 factories on Monday.- Total insured loss could be up to $15 billion, equity analysts covering the industry say.- Disaster sends oil, metals, and grain prices sliding on fears over its impact on demand, deepening their biggest decline in months; yen rises broadly on risk aversion by Japanese investors and expectations of repatriations by Japan's insurance companies; oil prices slide more than $3 a barrel.
AdiLan's Club : Read more Saturday, March 12, 2011:0949 PM
- Disaster sends oil, metals, and grain prices sliding on fears over its impact on demand, deepening their biggest decline in months; yen rises broadly on risk aversion by Japanese investors and expectations of repatriations by Japan's insurance companies; oil prices slide more than $3 a barrel.
Perfect Storm for Oil Prices (and Profits) in 2011
$100 a barrel oil was a given. We've been screaming about it for months.
Peak oil, Mideast unrest, and loose-money have combined to create a rare opportunity for oil investors.
Wealth Daily Editor Brian Hicks, featured guest on Your World With Neil CavutoThe problem for investors, however, is how to best capitalize on the growing opportunity in the oil markets.
You see, while oil prices were running higher, reaching a record $147 per barrel in the summer of 2008, all an investor had to do was blindly point to a stock.
Times were good.
It took a massive global recession to bring the oil bull crashing down. Within a matter of months, fear drove crude prices to a bottom of $33 per barrel.
Now, everything is about to change.
Why?
Ever since reaching that price floor, energy companies – and crude oil players in particular – have made an incredible comeback, rising above $100 barrel with frightening speed.
If OPEC is already preparing for a surge in demand, are you?
How?
By identifying where the oil markets are headed, before everybody else. Remember, today it's not so easy as throwing a dart against a board of oil stocks.
That's why I've written my new report, Oil Outlook: Investing in 2011. Inside, you'll pick up trends that will lead the oil markets over the next 12 months.
Remember, not all oil stocks are created equal. and it's critical that investors recognize the truly profitable opportunities. We'll highlight a few of our favorite names in this free report.
To receive your copy, simply enter your email below for a free Wealth Wire membership. Your report will be delivered to your inbox immediately.
Oil prices set to remain high, even if Gaddafi quits
Motorists are complaining about a sharp rise in the price of gasoline, by and large blaming the turmoil in Libya, which is the world's eighth largest oil producer. They hope the prices will come down when Muammar Gaddafi steps down as supreme leader of the oil-rich Arab country in North Africa just as Hosni Mubarak did in Egypt. They may be greatly disappointed.
Gaddafi has now been internationally condemned for killing thousands of his people who are demanding an end to his 41 years of autocratic rule. The United Nations Security Council has imposed sanctions against him in a new bid to halt the bloodshed. A travel ban to Libya has been ordered and Gaddafi and his family and associates have seen their assets frozen. An arms embargo has been put in place. The bloodshed has been referred to the International Criminal Court for investigation in connection with the systematic attacks currently taking place against the civilian population, which may amount to crimes against humanity. US President Barack Obama has also called on Gaddafi to quit trying to cling to power.
But Gaddafi won't quit. Mubarak had to for he had no other alternative. His Libyan counterpart doesn't have to, because quite a large segment of the army supports the dictator in Tripoli. An air force general, Mubarak didn't have close ties with the all-powerful power-brokering army that Gaddafi has. Moreover, the Egyptian army is all but run by the United States. By contrast, Gaddafi is a colonel in the Libyan army. That means he enjoys very warm relations with “colonels” who, unlike generals, command the rank and file of the ground forces. Don't forget coups are always concocted by colonels rather than generals.
World Politics
From Wikipedia, the free encyclopedia
(Redirected from World politics
World Politics is an academic journal founded in 1948. It publishes articles from all subdisciplines of political science. Material might be historical in nature, current affairs, journalistic, or policy-oriented. It includes research on all topics of import in the field of international affairs. According to the 2001 Journal Citation Report, it is the most cited journal in the field of international relations, which itself is sometimes called world politics. The editors are Harold James and Ilene P. Cohen of Princeton University.
The journal is published quarterly in October, January, April, and July. Circulation is 2,830 and the average length is 156 pages.
