Money Matters - Simplified


Japan's Tsunami tore off Manhattan-sized iceberg in Antarctica

Japan's devastating 9.0-magnitude earthquake in March affected the lives of at least 15,600 people, caused the worst nuclear disaster in more than two decades and also broke off nearly 50 square miles of icebergs from Antarctica, NASA scientists report.

HP, Toshiba to tie up on cloud services

In a deal that would sustain a wide range of public networks ranging from power, water and gas services to information technology systems, the US IT giant Hewlett-Packard is in talks to team up with Japan’s Toshiba Corporation.

Japan trudges towards recovery as industrial output rises

The Japanese economy, which was in a shambles after an unprecedented quake-tsunami in March and subsequent nuclear crisis hit it, is slowly but surely limping back to recovery.

Honda workers asked to take additional days off

Honda workers in Japanese plants have been asked to take 14 days off in the coming months as production at these factories continues to be disrupted due to the earthquake and tsunami that rocked the country in March.

Japan bars rice planting in radiation-contaminated soil

Japan's government has said that it would not allow farmers to plant rice in soil that has been contaminated with radioactive isotopes from the nuclear plants.

Saturday's supermoon promises a celestial treat

A celestial treat awaits the sky gazers as 'Supermoon' will adorn the night sky this Saturday.

Japan on verge of nuclear disaster

Japan’s worst fears seem to be coming true. Three explosions have hit its nuclear plant and released dangerous radiation in the atmosphere.

Japan calamity threatens to hike oil price

The demand for oil is set to rise in Japan after the devastating earthquake and the resultant tsunami led to shutdown of several oil refineries and nuclear plants

Ocean asteroid impact could deplete ozone

Tucson -- If a medium-sized asteroid were to hit in Earth's oceans a tsunami wouldn't be the only worry, U.S. scientists say -- the ozone layer could be at risk too.

A computer simulation by researchers at the Planetary Science Institute in Tucson suggests water vapor and sea salt thrown into the atmosphere could damage the protective layer and create record levels of ultraviolet radiation that could threaten life on the planet, reported Wednesday.

Elisabetta Pierazzo and her colleagues used global climate models to study the effect of an asteroid collision happening at sea. They focused on medium-sized asteroids, about a half-mile wide.

Study: Tsunami risk greater than thought

Austin, Texas -- Scientists studying the January 2010 Haiti earthquake say the tsunami risk is greater than they thought for cities like Los Angeles or Kingston, Jamaica.

Geologists at the University of Texas at Austin say those cities, like Port au Prince, Haiti, and many others, lie near a coast and near an active geologic feature called a strike-slip fault, where two tectonic plates slide past each other, a university release reported.