If this happens, the agricultural community could suffer much as many people did after the recent housing-market implosion. It could significantly damage farmers, food production, certain banks, and bond holders who are the sole source of capital for some banks.
Economy & Business
"It’s the kind of accountability journalism that makes readers raise an eyebrow, if it doesn’t raise their blood pressure first. General Electric Co., reported the New York Times last week, earned $14.2 billion in worldwide profits last year, including $5.1 billion in the United States — and paid exactly zero dollars in federal taxes."
"The birth of the 'nuclear renaissance' and proposed construction of up to 100 new nuclear reactors in the United States will be crippled by the crisis in Japan as regulators struggle to incorporate 'lessons learned' into the country's existing nuclear fleet, a former member of the Nuclear Regulatory Commission said [Friday]."
"Two outlets today nailed issues raised by the behavior of Japan’s government leaders and the utility company whose Fukushima Deiichi power station is suffering multiple losses of control and breached containment, and the behavior of many and perhaps most media in trying to tell the story, warn the public, and stay within the bounds of reason."
"U.S. stocks fell Monday as investors struggled to assess the financial fallout of Japan’s earthquake and tsunami."
"In the debates about the prospects for a U.S. nuclear power rebirth, there was one thing advocates, foes and regulators seemed to agree on: The industry could not afford another Three Mile Island accident."
Before picking up stories based on journals in the environmental sciences, reporters might pause to ask about those journals' policies on transparency and potential conflict of interest. And then ask about enforcement, and any relevant conflict declarations on the article in question.
"Wal-Mart is banning a controversial flame retardant found in hundreds of consumer goods, from couches to cameras to child car seats, telling its suppliers to come up with safer alternatives."
"Proposed rules governing air pollution generated by the nation's power providers could cost the industry nearly $200 billion in upgrades and new, cleaner generation but provide four to eight times that amount in economic benefits, with Tennessee being one of the big winners, according to a recent study."
An author tells the story of the Hawks Nest, WV, hydroelectric tunnel, whose drilling Union Carbide began in 1927. It was run as a mining operation, but not regulated by any government agency. Of the 5,000 men who worked on the tunnel over 18 months, at least 764 men, mostly African-American migrant workers, died of the industrial disease silicosis, well known even then. Managers wore protective masks during inspection visits, but did not provide any to workers. The company hired doctors to tell the men it was their fault, and buried them in unmarked mass graves. West Virginia kept the story out of the state's history curriculum until last year.