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Market Plunges on Japan, Shiller Sees Major Drop Ahead

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Shiller: Quake Tipping Point for Markets, Oil
One of the nation's leading economic analysts, Yale University professor Robert Shiller, believes the Japanese earthquake will spark a huge worldwide stock market drop as early as this week. And it looks like he is dead on as the market correction is already underway Tuesday — the Dow was down more than 250 at the opening bell.
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U.S. Top News Early Edition: Japan braces for potential radiation catastrophe

Reuters
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03/15/2011
News Good Morning Omss
LATEST NEWS
Japan braces for potential radiation catastrophe
TOKYO (Reuters) - Japan faced a potential catastrophe on Tuesday after a quake-crippled nuclear power plant exploded and sent low levels of radiation floating toward Tokyo, prompting some people to flee the capital and others to stock up on essential supplies. | Full Article
Japanese leaders try to calm panicky markets over nuclear crisis
March 15, 2011 07:52 AM ET
TOKYO (Reuters) - Japanese leaders tried to calm panicky financial markets on Tuesday as a deepening nuclear power crisis looked certain to increase the toll on an economy already convulsing from a massive earthquake and tsunami. | Full Article
Wall Street set to tumble
March 15, 2011 09:26 AM ET
NEW YORK (Reuters) - Wall Street was set to tumble more than 2 percent at the open on Tuesday, tracking global equities sharply lower as Japan's looming nuclear crisis looked set to thrust financial markets into a period of turmoil. | Full Article
Fed to hold steady despite oil price and ravaged Japan
March 15, 2011 09:26 AM ET
WASHINGTON (Reuters) - The U.S. Federal Reserve looks set to maintain its ultra-loose monetary policy on Tuesday as lofty oil prices and swooning stock markets after Japan's ravaging earthquake raised doubts about the economy's path. | Full Article
Gaddafi forces press rebels, no-fly diplomacy crawls
March 15, 2011 09:21 AM ET
AJDABIYAH, Libya (Reuters) - Muammar Gaddafi's warplanes and helicopters bombed and strafed a Libyan rebel-held town on Tuesday while France admitted it has still not convinced world powers to impose a no-fly zone over the country. | Full Article
BUSINESS NEWS
Hedge funds hammer stocks to worst plunge since '87
March 15, 2011 07:07 AM ET
TOKYO (Reuters) - Japan's Nikkei share average plunged 10.6 percent on Tuesday, posting the worst two-day rout since 1987, as hedge funds bailed out after reports of rising radiation near Tokyo. Many mutual funds were left on the sidelines, leaving them poised to dump shares into any rebound. | Full Article
NY manufacturing growth rises but so do prices
March 15, 2011 09:24 AM ET
NEW YORK (Reuters) - Manufacturing in New York state rose in March to a nine-month high, while prices paid also accelerated in another sign inflation is starting to build. | Full Article
HP shoots for sharp profit jump, looks to cloud
March 14, 2011 08:15 PM ET
SAN FRANCISCO (Reuters) - Hewlett-Packard Co Chief Executive Leo Apotheker, outlining his vision for the company, promised to boost earnings and dividends sharply in coming years as it pushes aggressively into cloud computing. | Full Article
Special report: A PlayBook for fighting Apple
March 15, 2011 09:16 AM ET
WATERLOO, Ontario (Reuters) - Once upon a time, BlackBerry was king. Then came the iPhone, followed by Android. And BlackBerry seemingly lost its way -- if not quite its throne. | Full Article
Renault CEO under pressure after spy case unravels
March 15, 2011 09:21 AM ET
PARIS (Reuters) - Renault Chief Executive Carlos Ghosn came under pressure after a dramatic climbdown and public apology following the collapse of an investigation into industrial espionage at the French carmaker. | Full Article
HEALTH NEWS
Breast cancer may not change lifespan for older women
Japan radioactivity could enter food chain
Study suggests alternative to invasive heart test
U.S. drug prices outstrip other medical costs: GAO
Alzheimer's in U.S. claims $202 billion in unpaid care
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Newser Daily Digest - Barbour Aide Resigns After Tsunami Quip

Newser Alert
Barbour Aide Resigns After Tsunami Quip

Barbour Aide Resigns After Tsunami Quip

(Newser) - A top aide to wanna-be presidential candidate Haley Barbour has resigned after joking in an email about the Japanese tsunami tragedy. The Mississippi governor's press secretary, Dan Turner, abruptly quit following press reports of the quip. In the message, Turner referred to Otis Redding's song Sittin' on the Dock of ... More  »
Newser located this story for you on Tuesday, March 15, 2011 7:01 AM. The story matched your section(s) Politics.

 
Medicare Forked Over $3.1M for Viagra for Seniors

Medicare Forked Over $3.1M for Viagra for Seniors

(Newser) - Medicare improperly used around $3.1 million in taxpayer funds to give senior citizens free Viagra, something that's supposed to be against the law, government investigators revealed today. As an erectile-dysfunction drug, Viagra is hardly essential medication, and Medicare "should not have covered these drugs," said George Reeb,... More  »
Newser located this story for you on Tuesday, March 15, 2011 7:01 AM. The story matched your section(s) Politics.

 
Wisconsin Dems Vow Recall Vote for Walker

Wisconsin Dems Vow Recall Vote for Walker

(Newser) - Wisconsin Democrats and union leaders have dug in for a protracted battle against governor Scott Walker, vowing ballot box revenge for his anti-union law, the Chicago Tribune reports. The new law is protected by GOP majorities in the state's Senate and Assembly, but Democrats think they can use the anger... More  »
Newser located this story for you on Tuesday, March 15, 2011 7:01 AM. The story matched your section(s) Politics.

 
Budget 'Crisis' Is Made-Up

Budget 'Crisis' Is Made-Up

(Newser) - We keep hearing that “we’re broke”—a good way for politicians to make a deceptive case for cutting taxes on the rich and cutting social programs. But the fact is, “we’re not broke,” writes EJ Dionne in the Washington Post . “Yes, nearly all... More  »
Newser located this story for you on Tuesday, March 15, 2011 7:01 AM. The story matched your section(s) Politics.

 
Surprise! NPR Sting Video Deceptively Edited

Surprise! NPR Sting Video Deceptively Edited

(Newser) - James O’Keefe’s NPR “ sting video ” has caused some major problems for the organization, but it turns out that it doesn’t quite present the entire truth. O’Keefe recently posted two hours of raw video from the exchange, and experts tell NPR that the 11-minute version... More  »
Newser located this story for you on Tuesday, March 15, 2011 7:01 AM. The story matched your section(s) Politics.

 
Wis. Republican Left District to Live With Mistress: Wife

Wis. Republican Left District to Live With Mistress: Wife

(Newser) - Protesters who showed up at the home of a prominent GOP Wisconsin state senator got a little scoop from his wife: Not only was Randy Hopper not home, she said, he also doesn't live there anymore, and in fact doesn't live in his district—owing to the fact that he's... More  »
Newser located this story for you on Tuesday, March 15, 2011 7:01 AM. The story matched your section(s) Politics.

 
It's Time to Come Together on Gun Control

It's Time to Come Together on Gun Control

(Newser) - In the months since the Tucson shootings, 2,405 people have been shot dead , a fact President Obama laments in the Arizona Daily Star . How, he writes, was “a man our Army rejected as unfit for service; a man one of our colleges deemed too unstable for studies; a... More  »
Newser located this story for you on Tuesday, March 15, 2011 7:01 AM. The story matched your section(s) Politics.

 

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