Economists increasingly believe the spreading fallout from a severe credit crisis has pushed the country into recession.
The spreading fallout and the difficulty of evaluating the value of mortgage securities has made banks and brokerage firms much more wary of lending to clients like hedge funds — and yesterday even to each other.
Analysis of the spread of fallout suggests that the first releases came very soon after the tsunami hit, if not before.
REYKJAVIK, Iceland — Like the volcano that erupted last week, this once obscure island nation seems to have awoken from centuries of quietude with a determination to spread its fallout all over Europe.
The scientists also wanted a flat area to minimize secondary effects of the blast, and with little wind to spread radioactive fallout.
SHAKER HEIGHTS, Ohio — In a sign of the spreading economic fallout of mortgage foreclosures, several suburbs of Cleveland, one of the nation's hardest-hit cities, are spending millions of dollars to maintain vacant houses as they try to contain blight and real-estate panic.
One driver of this wider-than-normal spread is the fallout from the Enron scandal.
Fallout spread over neighbouring islands whose inhabitants the United States had, intentionally, not relocated and who were thus exposed to a steady snowfall of radioactive particles for several hours.
After the economies of Asia collapsed in 1997 and the fallout spread, the price of oil fell to about $10 a barrel by late 1998.
"What makes me most angry is the censorship," he says.The information that ministries had on the spread of radioactive fallout in the early days of the crisis was not shared with Mr Kan, nor, just as important, with the families of children like Wakana Yokoyama, who were evacuated to areas of even greater danger.
