In Western Europe, Fukushima’s power reactor disaster has produced a loud round of anti-nuclear power reactions. Germany says it will phase out atomic power by 2022, and the Swiss insist they will shutter their reactor fleet by 2034.
Japanese authorities on Tuesday raised the severity rating of the nuclear crisis at the Fukushima Daiichi power plant to the highest level on an international scale, on a par with the 1986 Chernobyl disaster.
According to CNN, "Japan's national police say 8,928 people are confirmed dead after a 9.0-magnitude earthquake and devastating tsunami March 11 pulverized entire towns, leaving broken wood beams and massive piles of rubble where organized neighborhoods once stood."
The disaster at Japan’s Fukushima Daiichi nuclear plant, and the upheavals in the Middle East are the sort of events that send economists back to their forecasters’ drawing boards. As usual, there is a tendency to confuse the long-run and the short-run, and to blame developments that were due to occur anyhow on the most recent events.
Oh, Almighty Google Machine--I kid! We know you're not evil. You're the most benevolent algorithm ever. But everyonce inawhile, Google (which owns YouTube) drops a little data point about how it sees the world.