meltdown

How a cascading chain of events and complacent officials exposed Japan to a man-made crisis

So far, Japan’s nuclear power plants represent an amazing triumph of design robustness

In the money: America’s investment firms, are literally and finally in the money. Last week was the first week since the credit crunch hit the U.S. that they didn’t come running to the Fed for emergency overnight loans. Very impressive when you consider that at the credit crisis peak, they were borrowing as much as $38 billion a week. Could it mean the credit crisis is over? It’s certainly a good sign.