(dawnwires.com) The Nikkei 225 index fell 17.5% in the three trading days following the catastrophe, wiping some ¥37 trillion ($458 billion) off equities. This compares unfavourably with market reactions to other disasters. Once the New York Stock Exchange had reopened six days after the September 11th terrorist attacks, the S&P 500 fell by 11.6% over five trading days, but after a further 14 days it had recovered to its pre-disaster level. After Japan’s last severe earthquake in the city of Kobe in 1995 the Nikkei 225 fell by 7.6% over the next four trading days, but it did not recover to its pre-earthquake level for another 11 months. The Nikkei 225 regained some lost ground today, closing up 5.7%. The Japanese will be hoping for the same bounce back in their own fortunes.
(truth-out.org) Saturday 12 March 2011 – Police estimated up to 100,000 people turned out in Madison, WI yesterday to protest Gov. Scott Walker’s (R) assault on unions, making it bigger than any protests the city has witnessed, even those during the Vietnam War. The Madison rally is part of a much larger Main Street Movement of average Americans demanding fairness in labor laws, social spending, and taxation that has emerged in Ohio, New Jersey, Florida, Michigan, and elsewhere. But yesterday’s rally in Madison is noteworthy because at 85,000-100,000, it was bigger than the biggest tea party protest, the September 12, 2009 rally in Washington, D.C., which turned out only an estimated 60,000-70,000. A photo of the Madison rally yesterday:
For two years, tea party activists and their allies in the GOP have claimed that the hard-right movement represents the true beliefs of the American people. But the crowd in Madison and numerous polls tell a different story.