March 11 Earthquake and Tsunami: A Perspective

Wolf Richter   www.testosteronepit.com

The earthquake and tsunami that hit Japan on March 11 exactly one year ago—it’s March 11 in Japan even as I’m writing this on March 10—and the nuclear catastrophe that followed are personal to me: my wife is from Tokyo, and my in-laws live there. To our immense relief, no one we know was hurt. But others weren’t that lucky, and our thoughts and prayers are with them. The [...]

Minnesota gov’t shuts down

Talks imploded Thursday between DFL Gov. Mark Dayton and Republican legislative leaders in the final hours before a midnight deadline, and Minnesota began a historic government shutdown.

“This is a night of deep sorrow for me,” Dayton said in an address at 10 p.m. that was punctuated by jeers and hisses from Republicans, including some lawmakers.

The governor said his last offer would have raised income taxes only on those earning more [...]