Word: japanization
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Months of speculation came to an end on Tuesday afternoon as Japan Airlines (JAL), the country's 59-year-old flagship carrier that once symbolized the strength of Japan Inc., filed for bankruptcy with two of its subsidiaries. Weighted by debts estimated at $25.6 billion (2.3 trillion yen), Japan Airlines Corp., Japan Airlines International and JAL Capital made history today as what is perhaps Japan's largest nonfinancial corporate failure. With a long record of unprofitable earnings, the airline has taken a hit from weak travel demand after SARS and H1N1, fuel surcharges and the global recession...
...problem is, long-term forecasting does not do much to keep people from putting themselves in harm's way. If it did, nobody would live in California or Mexico City or parts of Japan. What's needed is short-term forecasting on the order of weeks, days or hours. And this has stymied scientists again and again. (See the top 10 news stories...
...bumper with cars. "India is one of the markets of the future," says Paul Blokland, managing director of Segment Y Automotive Intelligence, an automotive-consulting firm based in Goa, India. "Manufacturers are looking for new growth markets. They're not going to find that in Europe, the U.S. or Japan." (See the 50 worst cars of all time...
...Washington state in 2003, 65 nations imposed partial or full bans on U.S. beef, plunging the American beef industry's exports down by over 75%. Those numbers have yet to recover to their 2003 level of over 1.2 million metric tons, even as nations have softened their positions. Japan, the U.S.'s biggest export market, along with Hong Kong, Taiwan and other countries retrenched slightly in 2006, instituting new, partials ban on beef parts thought to be prone to potential infection. South Korea lifted its U.S. beef ban in 2008, a move which led to enormous protests that almost derailed...
...sure: the so-called whale war is not over. Watson's bluster and aggressive tactics may have earned Sea Shepherd a reality television show (and a parody on South Park), but its high-profile approach has also helped the organization get charitable donations from major Hollywood players. Though Japan's ICR claims that almost half of the International Whaling Commission's members support sustainable whaling, right now only Japan, Norway and Iceland hunt whales in significant numbers. Even with the loss of its fastest vessel, Sea Shepherd has the ships, funds and, most important, the will to continue. As Watson...