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Mar 16, 2011

Financial And Forex Info | The Australian Business Briefing: Macquarie chairman resigns over health








Macquarie chairman resigns over health
David Clarke UPDATED Michael Bennet Macquarie Group chairman David Clarke has resigned due to ill health and has been replaced by the group's independent director Kevin McCann.
 
Stocks at 26-week low in nuclear crisis
sharemarket UPDATED AUSTRALIAN shares hit a 26-week low by early afternoon amid world-market instability and panic over Japan's atomic crisis.
 
Myer profit at lower end of guidance
Myer Gavin Lower MYER Holdings posted a half-year net profit of $106.8 million in what it described as a "challenging and patchy retail environment".
 
Woodside jumps as energy sector heats
Pluto LNG project, liquefied natural gas, Woodside UPDATED Ross Kelly WOODSIDE shares jumped today as a gas discovery boosted the chances of an expansion to its $14 billion Pluto LNG operations.
 
Paladin boss calls for uranium clarity
John Borshoff Sarah-Jane Tasker URANIUM stocks have again been battered on the back of Japan's nuclear crisis, but Paladin head John Borshoff has backed the sector.
 
Tabcorp says Sky is not for sale
aus bus pix horse racing Cynthia Koons TABCORP today confirmed it had received a proposal from TVN to acquire racing channel Sky but said it was not contemplating its sale.
 
ACCC gives Austereo deal green light
Austereo Simon Canning SOUTHERN Cross has been given the go-ahead in its $740 million bid to take over rival broadcaster Austereo by the competition watchdog
 
Mantra down 36pc as ARMZ pulls bid
Uranium Michael Bennet SHARES in uranium miner Mantra Resources fell as much as 36 per cent today after Russia's ARMZ pulled its $1.16 billion bid.
 
Financial Markets
Stocks at 26-week low in nuclear crisis
sharemarket UPDATED AUSTRALIAN shares hit a 26-week low by early afternoon amid world-market instability and panic over Japan's atomic crisis.
 
Tokyo shares fall 4pc in early trade
Weaker $A due to uncertainty: Abare
 
Financial Markets Coverage
 
Mining & Energy
Paladin boss calls for uranium clarity
John Borshoff Sarah-Jane Tasker URANIUM stocks have again been battered on the back of Japan's nuclear crisis, but Paladin head John Borshoff has backed the sector.
 
Woodside jumps as energy sector heats
MCC upgrades Middlemount reserves
 
More Mining & Energy Coverage

Mining Interactive: Mawson Resources Ltd. Shalooow Drill Permit Received for Mawson's High-Grade Rompas Gold Project in Northern Finland


March 16, 2011
MAWSON RESOURCES LTD.
SHALLOW DRILL PERMIT  RECEIVED FOR MAWSON’S HIGH-GRADE ROMPAS GOLD PROJECT IN NORTHERN FINLAND
- ALLOWING SHALLOW (“DEEP TILL”) DRILLING -
  • Approximately 100-150 diamond drill holes 50mm in diameter and averaging between 4 to 6 metres in depth are anticipated to be drilled with a snowmobile-transportable, low environmental footprint drill rig.  
States Michael Hudson, Mawson President & CEO:  “At this very early stage of exploration, we believe that Rompas has to be considered as one of the most exciting gold discoveries (with a uranium credit) to emerge into the market place.  The project reinforces Northern Finland’s reputation as one of the world’s exploration hot spots and we are pleased to be able to advance our understanding of the mineralized trend as it continues undercover with the execution of this, the first ever drill program to be undertaken at Rompas”

Dear Friends:

THIS is what we all have been waiting for.  We finally will get a look into the bedrock and along strike.  We now will find out if the stellar high-grade gold surface showings that were identified during the 2010 summer field program also manifest themselves and carry under the glacial soil (till) which covers the other 90-95% of this exciting property.
This is exciting - Stay Tuned - Stay Tuned - Stay Tuned -!!

Cheers,
Nick L. Nicolaas
Mining Interactive "Ahead of the Pack"
Gold at Rompas Finland
URANIUM and GOLD IN SCANDINAVIA.

Stay tuned for the most recent updates on Mawson Resources and other leading mining companies through the MiningInteractive Video Interviews.
Nick L. Nicolaas
(604) 657-4058
nick@mininginteractive.com

MarketWatch: Lisa Twaronite's This Week in Japan: Nuclear crisis is Japanese government disaster.


By Lisa Twaronite, MarketWatch

TOKYO (MarketWatch) — The comparison between Fukushima in 2011 and New Orleans in 2005 is almost too easy to make: a leader losing popular support, a botched response to a disaster spinning out of control.
Eurasia Group’s Jun Okamura may get the credit for being the first person to call this Prime Minister Naoto Kan’s “Katrina moment,” in a Bloomberg report published Monday.
But since then, I’ve heard plenty of other people use the expression as workers struggle to cool Tokyo Electric Power Co.’s (Tepco’s) /quotes/comstock/64e!9501 (JP:9501 768.00, -153.00, -16.61%)  critically overheating nuclear reactors at its Fukushima Daiichi plant, damaged in Friday’s 9.0-earthquake and tsunami, and the public grows impatient with the government response. Read latest on Japan nuclear crisis.
Further undermining the Japanese government’s credibility, western authorities are saying that it may have understated the nuclear risks in the days since the quake and tsunami. European Union officials have stated they believe the crisis is worse than previously thought. Read story on E.U. energy chief comments.
And U.S. Nuclear Regulatory Commission Chairman Gregory Jaczko expressed similar sentiments to the House Energy Committee Wednesday. Read story on U.S. Nuclear Regulatory Commission comments.
Even before the disaster struck last Friday, Kan’s government was teetering. Earlier this month, I wrote that Japan could get its sixth prime minister in less than five years before the cherry blossoms bloom. See March 3 column.
At the very least, I said, if oil prices rise and Kan falls, he will have something to blame besides himself for any ensuing flight of overseas funds out of Japanese stocks — not knowing that a chain of catastrophic disasters, both natural and man-made, would produce the same result.
“The cabinet has been given a reprieve because of this horrible event,” said Dennis Yasutomo, a professor of politics and East Asian studies at Smith College in Northampton, Mass.
“After the tragedy struck, Kan has been overshadowed by Chief Cabinet Secretary [Yukio] Edano and, of all people, the Emperor of Japan,” said Yasutomo.
In a rare televised address Wednesday afternoon, Japan’s reclusive Emperor Akihito said he was “deeply concerned” about the nuclear crisis, and that he hopes Japan can “rebuild quickly.”
Edano’s live-televised statements have dominated Japanese disaster coverage, and some say this could give him an edge were he interested in being a possible successor to Kan.
Viewers here have grown used to the sight of the government spokesman in his light blue, one-piece emergency suit, at all hours of the day. In fact, he’s appeared so often that the Twitter hashtag and #edano_nero has become a hot trending topic.
The Japanese word means, “go to sleep,” as tweeters worry whether Edano is taking care of himself. Read Wall Street Journal Japan Real Time blog on Edano’s Twitter respect.
“Based on watching the live streaming of NHK broadcasts, their media performances seemed, in Edano’s case, knowledgeable and reassuring, and in the Emperor’s case, compassionate and hopeful. We haven’t seen ‘hell of a job, Brownies’ there,” Yasutomo said, referring to the now-infamous incident when U.S. President George W. Bush congratulated Federal Emergency Management Agency chief Michael Brown for his management of the response to Katrina.
Brown later resigned because the response was so poorly handled.
Yasutomo said it’s still too early to pass judgment on Kan.
“How well would we do in his shoes under a tragedy of historic proportions? Should one person have to shoulder the fate of the nation?” he said.
One fact is certain. Someday — hopefully, someday soon — Japan’s nuclear crisis will come to an end, life here will return to something like normal, and then the finger-pointing will begin in earnest.
Based on the situation now unfolding, there will be plenty of blame to go around.
Lisa Twaronite is MarketWatch's Tokyo bureau chief.

MarketWatch | Market Pulse : Bank of Japan to add $61 billion to market



By Sarah Turner 
 
SYDNEY (MarketWatch) -- The Bank of Japan has offered to inject more money into the financial system, according to reports out Thursday. The bank will reportedly pump 5 trillion yen ($61 billion) into the banking system to calm markets as the country continues to battle a nuclear crisis.

Japanese shares plunge as nuclear concerns grow | MarketWatch | Market Pulse


By Michael Kitchen

LOS ANGELES (MarketWatch) -- Japanese shares returned to their march downward Thursday, giving back much of Wednesday's gains as fear that radiation may spread from a damaged nuclear plant sparked fresh selling. In early trading, the Nikkei Stock Average /quotes/comstock/64e!i:ni225 (JP:NI225 8,689, -404.55, -4.45%) lost 4.8% to 8,655.29, while the Topix dropped 4.1% to 784.55. The selloff was broad-based, with Sony Corp. /quotes/comstock/64e!6758 (JP:6758 2,417, -111.00, -4.39%) /quotes/comstock/13*!sne/quotes/nls/sne (SNE 29.69, -0.19, -0.64%) falling 4.8%, Toshiba Corp. /quotes/comstock/64e!6502 (JP:6502 318.00, -20.00, -5.92%) /quotes/comstock/11i!tosy.y (TOSYY 24.90, -2.60, -9.46%) plunging 5.6%, Renesas Electronics Corp. /quotes/comstock/64e!6723 (JP:6723 556.00, -40.00, -6.71%) /quotes/comstock/11i!rnec.y (RNECY 5.64, +0.27, +5.03%) losing 6.5%, and Fujitsu Ltd. /quotes/comstock/64e!6702 (JP:6702 418.00, -26.00, -5.86%) /quotes/comstock/11i!fjtsy (FJTSY 26.60, -1.29, -4.63%) falling 6.1%. Among autos, Toyota Motor Corp. /quotes/comstock/64e!7203 (JP:7203 3,210, -135.00, -4.04%) /quotes/comstock/13*!tm/quotes/nls/tm (TM 79.62, -0.79, -0.98%) lost 4.6%, and Nissan Motor Co. /quotes/comstock/64e!7201 (JP:7201 703.00, -38.00, -5.13%) /quotes/comstock/11i!nsan.y (NSANY 17.73, -0.50, -2.74%) was down 5.3%. Insurers continued to suffer, with Tokio Marine Holdings Inc. /quotes/comstock/64e!8766 (JP:8766 2,128, -105.00, -4.70%) /quotes/comstock/11i!tkomf (TKOMF 26.90, -1.10, -3.93%) down 6.6%.

Financial And Forex Info | U.S. Department of the Treasury: Daily Treasury Long Term Rate Data




DATELT COMPOSITE (>10 yrs)
03/01/114.12
03/02/114.18
03/03/114.28
03/04/114.22
03/07/114.24
03/08/114.28
03/09/114.22
03/10/114.12
03/11/114.16
03/14/114.12
03/15/114.07
03/16/113.98
DATETREASURY 20-yr CMTEXTRAPOLATION FACTOR
03/01/114.24N/A
03/02/114.30N/A
03/03/114.40N/A
03/04/114.34N/A
03/07/114.36N/A
03/08/114.41N/A
03/09/114.35N/A
03/10/114.25N/A
03/11/114.29N/A
03/14/114.25N/A
03/15/114.21N/A
03/16/114.11N/A
Wednesday Mar 16, 2011, 4:57 PM
Treasury Long-Term Average Rate and Extrapolation Factors. Beginning February 18, 2002, Treasury ceased publication of the 30-year constant maturity series. Instead, from February 19, 2002 through May 28, 2004, Treasury published a Long-Term Average Rate, "LT>25," (not to be confused with the Long-Term Composite Rate, definitions below). In addition, Treasury published daily linear extrapolation factors that could be added to the Long-Term Average Rate to allow interested parties to compute an estimated 30-year rate. On June 1, 2004, Treasury discontinued the "LT>25" average due to a dearth of eligible bonds. In place of the "LT>25" average, Treasury published the Treasury 20-year Constant Maturity rate on this page along with an extrapolation factor that was added to the 20-year Constant Maturity to obtain an estimate for a theoretical 30-year rate. On February 9, 2006, Treasury reintroduced the 30-year constant maturity and is no longer publishing the extrapolation factor.
The Long-Term Average Rate, "LT>25," was the arithmetic average of the bid yields on all outstanding fixed-coupon securities (i.e., excluding Inflation-Indexed securities) with 25 years or more remaining to maturity. This series first appeared on February 19, 2002, following discontinuation of the 30-year Treasury constant maturity series. Subsequently, the "LT>25" average was discontinued on June 1, 2004.
Linear Extrapolation Factors were determined by considering the slope of the yield curve at it's long end and extrapolating out to a theoretical 30-year point. To use the Extrapolation Factor to determine a 30-year proxy rate, add the factor to the 20-year Constant Maturity Rate. For example, if on a particular day the 20-year Constant Maturity was 5.40% and the Extrapolation Factor was 0.02%, then a 30-year theoretical rate would have been 5.40% + 0.02% = 5.42%. Publishing of the Linear Extrapolation Factors was discontinued on February 9, 2006 with the reintroduction of the 30-year Constant Maturity Rate.
The Long-Term Composite Rate is the unweighted average of bid yields on all outstanding fixed-coupon bonds neither due nor callable in less than 10 years.
For more information regarding these statistics contact the Office of Debt Management by email at debt.management@do.treas.gov.

The Economist: A selection of new stories March 16th 201




Banyan: Japan's stricken nuclear plant
Babbage: The Japan syndrome
Daily chart: Stockmarkets after disasters
Newsbook: The fight continues in Libya
Audio: Money talks
Americas view: Cuba jails an American for 15 years
Banyan on Japan's earthquake: Images of destruction
Online debate: Our innovation debate is drawing to a close

NYT: Afternoon Business News: Disasters' Costs to Fall on Japan's Government



BUSINESS

Disasters' Costs to Fall on Japan's Government

By MARY WILLIAMS WALSH
The losses in Japan as a result of the earthquake and resulting tsunami are expected to exceed $100 billion.

G-7 Finance Chiefs to Discuss Measures to Help Japan

By MATTHEW SALTMARSH
France is arranging a discussion among finance ministers and central bankers from the Group of 7 countries to assess the economic impact of the crisis in Japan and a possible response.

In Europe, Stance on Nuclear Power Is Mixed

By JUDY DEMPSEY and MATTHEW SALTMARSH
While the German public has been the most vocal, it is a different story in other parts of the Continent.
Green Blog

House Panel Questions Nuclear Regulatory and Energy Chiefs

By MATTHEW L. WALD
Lawmakers asked how the United States can learn from Japan's nuclear crisis.

E.P.A. Proposes New Emission Standards for Power Plants

By JOHN M. BRODER and JOHN COLLINS RUDOLF
The rule for emissions of mercury and other toxins is certain to be challenged by the utility industry and Republicans in Congress.

Financial And Forex Info | Kitco New York Market Close Report






New York Market Close Mar 16/11 05:20 PM EDT
Metals
Bid
Ask
Change
Low
High
Gold
1401.50
1402.50
5.80
0.42%
1391.50
1407.40
Silver
34.26
34.28
0.02
0.06%
33.84
35.10
Platinum
1689.00
1697.00
-12.00
-0.71%
1678.00
1735.00
Palladium
696.00
701.00
-9.00
-1.28%
691.00
725.00


ABCNews Australia: Business News: Construction slumps in second half of 2010


Nuclear fears weigh on Wall Street
Stocks on Wall Street slumped two per cent, to post the biggest three day decline since July last year as evacuation warnings in Japan increased investor worries over nuclear meltdowns.

Construction slumps in second half of 2010
House and apartment construction slumped for the second straight quarter in December.

Payout closer for Perle sub contractors
The CFMEU says there's some good news for sub contractors in the Illawarra owed money after the collapse of Sydney building company Perle.

More Business Stories >

Financial And Forex Info: The Australian Capital Circle: Foreigners flee nuclear crisis





Capital Circle Newsletter

Foreigners flee nuclear crisis
The Japanese nuclear emergency deepens.

The PM's day, per the press office: Julia Gillard will attend a Saint Patrick's Day luncheon where will deliver a speech. The luncheon is in Sydney and is being put on by the Lansdowne Club. The Irish Echo has details.
Tony Abbott starts his day in Brisbane. He will fly to Sydney in time to attend the Lansdowne lunch.
DFAT's Japan morning update: The number of Australians unaccounted for in Japan is 55 (down from 144 yesterday). The number of calls received in Canberra - 9207. Australians in Japan confirmed safe - 3727, including 163 in affected areas. The number of Australians registered in Japan - 4086.  There are no reports of Australian casualties. But DFAT warns: "At this point all we know is that we have not been able to contact 55 Australians who we have reason to believe were in the worst affected areas. Communications remain difficult, and we are continuing to try to confirm their safety.'' The DFAT hotline is 1300 555 135.
Professor Ross Garnaut will launch his update paper number six at the press club today.
Bishop poll shock? An online poll showing "strong support'' for a carbon tax among supporters of - or at least visitors to - deputy opposition leader Julie Bishop's personal website.  "Strong support" for a carbon tax is running at 78 per cent, with another 5 per cent supporting the tax. See it here.
***Sign up to Capital Circle -- news from the beltway to your inbox***
Japan continues to dominate front pages across the country and across the world.
Peter Alford reports from Tokyo t
Read more...

Economist Intelligence Unit: Access China

Economist Intelleigence Unit
Access China

Update on regional developments: Access China newsletter

Details of China's latest five-year plan are being released this month in Beijing. The plans are rightly criticised for being full of broad policy principles and weak on concrete implementation. For example, China’s interest in an emissions-trading scheme is likely to face major implementation problems. But the plans are important documents for signalling the broad direction of policy and which industries will be favoured. The new plan makes it clear that policy will still be geared towards strong growth, despite talk of rebalancing and greater concern for the environment. Here we take a closer look at some of the high-tech industries selected for government research and development funding in the plan. We also note strong growth in western China and look at recent developments in private equity which point to greater funding for investment outside the banking system.

China's R&D spending set to soar

Significant government spending on selected advanced industries in the next five years will support a domestic research and development (R&D) boom.
 
This will result in much stronger competition from China in these selected industries, which include biotechnology and clean-energy vehicles. New government incentives and policies will also encourage foreign companies to set up more R&D facilities in China. Efforts to boost China's technological prowess will tilt the playing field further against foreign companies, as domestic enterprises receive a range of preferential policies encouraging them to move up the value chain. Read more.

Chongqing and Sichuan showing strong growth

GDP growth picked up across the provinces in the final quarter of 2010. The western provinces of Sichuan and Chongqing posted particularly strong performances. Both will continue to receive strong support from the centre. In February 2011 the Sichuan branch of the state-owned Bank of China pledged Rmb40bn (US$5.9bn) in financing agreements to the Chengdu high-tech zone over a five-year period. Subscribers to Access China can read more.

Private equity in China: the rise of local funds

The central government is making conscious efforts to attract private equity, easing regulations in a bid to attract capital. In the latest of a series of baby steps towards liberalisation, in January the Shanghai government announced a trial programme to allow certain types of foreign investors to convert foreign currency into renminbi and invest in the private-equity funds in the city. This neatly bypasses tough existing restrictions on bringing funds into the country for financial investments. These measures are part of a broader initiative by the government to reduce over-reliance on state bank lending (which naturally favours state-owned enterprises rather than private entrepreneurs) by encouraging alternative sources of funding--such as private equity. Subscribers to Access China can read more.

Evening Market Wrap

Evening Market Wrap
Wednesday, March 16, 2011
___________________
 
Commentary
Stocks experienced another sell-off on Wednesday, adding to the steep losses posted in recent sessions. Concerns about the nuclear crisis in Japan contributed to the weakness once again, with some traders taking the opportunity to move out of stocks following the run-up seen over the past several months. (Mar 16, 2011) Full Article
Economic News
Housing starts in the U.S. fell by much more than expected in February following an unexpectedly strong jump in January. According to figures released by the Commerce Department on Wednesday, 479,000 new privately owned houses were started in February, 22.5 percent below the revised January figure of 618,000. The new housing starts fell well short of the expectations of economists, who had expected 560,000 new starts in February. (Mar 16, 2011) Full Article
With food and energy prices showing substantial increases in the month of February, the Labor Department released a report on Wednesday showing that total producer prices increased by much more than expected for the month. The Labor Department said its producer price index jumped by 1.6 percent in February following a 0.8 percent increase in January. Economists had been expecting producer prices to increase by a much more modest 0.7 percent. (Mar 16, 2011) Full Article
Corporate News
Ambac Financial Group, Inc. (ABKFQ.PK) reported a net loss for the fourth quarter of $81.6 million or $0.27 per share, compared to net income of $558.1 million or $1.93 per share for the year-ago quarter. The net loss for the latest quarter results reflects a reduction in net premiums earned, net investment income, net change in the fair value of credit derivatives, realized investment gains and higher VIE losses. (Mar 16, 2011) Full Article
Kirkland Lake Gold Inc. (KGI.L, KGILF.PK, KGI.TO) posted third-quarter net income of C$4.21 million or C$0.06 per share compared with a restated loss of C$4.9 million or C$0.08 per share a year earlier. Revenue for the latest quarter climbed to C$25.43 million from C$6.18 million, as restated, in the comparable period last year. (Mar 16, 2011) Full Article
China Mobile Ltd. (CHL) Wednesday reported a 3.9% increase in 2010 profit, driven by revenue growth, lower finance costs and a share in the profit of associate. In 2010, China Mobile's profit attributable to its shareholders was 119.64 billion renminbi, compared with 115.17 billion renminbi last year. Earnings per share rose to 5.89 renminbi from 5.67 renminbi in the previous year. (Mar 16, 2011) Full Article
China Mobile Ltd. (CHL) Wednesday reported a 3.9% increase in 2010 profit, driven by revenue growth, lower finance costs and a share in the profit of associate. In 2010, China Mobile's profit attributable to its shareholders was 119.64 billion renminbi, compared with 115.17 billion renminbi last year. Earnings per share rose to 5.89 renminbi from 5.67 renminbi in the previous year. (Mar 16, 2011) Full Article
Forte Energy NL (FTE.L) posted a narrower net loss for the half-year ended 31 December 2010, reflecting lower administrative expenses. Net loss narrowed to $1.15 million from $1.71 million in the prior-year period. On a per share basis, loss was 0.20 cents, narrower than 0.31 cents in the year-ago period. (Mar 16, 2011) Full Article
Bank of America Corp. (BAC) Wednesday appointed Mukesh Ambani, chairman and managing director of India-based Reliance Industries Ltd., as a director. Ambani will stand for election at the 2011 Bank of America annual meeting of shareholders. (Mar 16, 2011) Full Article
CURRENCY
The dollar plunged to its lowest in more than 15 years versus the yen on Wednesday, as funds rushed back to Japan amid the nation's worst crisis in generations. A second nuclear reactor may have ruptured with a radioactive release, aggravating the nation's attempts to contain a nuclear crisis brought on by Friday's earthquake. (Mar 16, 2011) Full Article
Political News
Senate Majority Leader Harry Reid, D-Nev., said that the GOP defections to vote against a short-term government funding bill in the House prove the need for bipartisanship on the overall budget. Reid said the bipartisan success of the continuing resolution that will keep the government running for the next three weeks stands in stark contrast to the defeat of two more partisan proposals in the Senate last week. (Mar 16, 2011) Full Article

Financial And Forex Info News | Reuters - Daily Investor Update: S&P, Nasdaq wipe out year's gains





News

LATEST NEWS
S&P, Nasdaq wipe out year's gains
NEW YORK (Reuters) - The S&P 500 and Nasdaq turned negative for the year on 2011's highest volume and the Dow suffered its worst performance since August on Wednesday as investors sold stocks on fears Japan's nuclear crisis could worsen. | Full Article

Inflation pressure bubbles, home building dives
March 16, 2011 03:45 PM ET
WASHINGTON (Reuters) - Producer prices surged in February at their fastest pace in 1-1/2 years, data showed on Wednesday, a day after the Federal Reserve said it had a watchful eye on inflation pressures it expects to subside. | Full Article
Special report: On borrowed time: budget delays start to hurt
March 16, 2011 03:28 PM ET
STATE COLLEGE, Pennsylvania (Reuters) - When they finally completed their new control tower last November, officials at University Park Airport hoped it would provide a needed safety upgrade. | Full Article
Apple hit by rare Wall St. downgrade as Japan looms
March 16, 2011 02:46 PM ET
LOS ANGELES/SAN FRANCISCO (Reuters) - A rare Wall Street downgrade stoked fears that Apple Inc's torrid pace of growth is slowing, sending shares in the world's largest technology company sliding for the second straight day. | Full Article
Economic hit from Japan quake seen up to $200 billion
March 16, 2011 02:30 PM ET
TOKYO (Reuters) - Japan's devastating earthquake and deepening nuclear crisis could result in losses of up to $200 billion for the world's third largest economy but the global impact remains hard to gauge five days after a massive tsunami battered the northeast coast. | Full Article





The CBS Evening News with Katie Couric newsletter


EVENING NEWS TOP STORIES    



   
Hi everyone,
"We don't really know what is happening." That sobering thought from the U.S. Energy Secretary, Steven Chu, on the Japanese nuclear crisis. Today, crews struggled to keep cooling water flowing into the Fukushima nuclear power plant, and prevent more radiation from escaping. Harry Smith will have the latest, from Tokyo. Complete Coverage: Disaster in Japan There's growing anger in Japan over the government's response to the crisis. As Bill Whitaker found out, many Japanese don't think they've been given the full story about the dangerous situation at Fukushima. And, what about U.S. nuclear plants? Turns out, quite a few reactors here have containment structures similar to those damaged in Japan. Also, there are at least nine nuclear plants within 50 miles of a big city. John Blackstone takes a look at the dangers of nuclear power in this country. Qaddafi's forces are on the move in Libya, retaking territory and getting set to push into Benghazi. Were the U.S. and other world powers wrong to sit on the sidelines? Did their reticence to get involved doom the rebellion? Mark Phillips reports, from Tripoli. Check out the latest @katiecouric episode, Daniel Radcliffe.

Katie Couric
CouricandCo@cbs.com

LATEST HEADLINES
Radiation reality check: Risks and fears Dr. Jon LaPook explains how radiation can damage human cells and puts what's happening in Japan in perspective

Fukushima heroes: Not afraid to die If the Fukushima nuclear plant's crisis is not calmed soon, Japan will need more brave volunteers to battle it

Japan tsunami virtually erases Natori off map Once a thriving farm town, Natori is now basically deserted and full of debris from the tsunami's destructive path