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Saturday, March 12, 2011

You Can Hear the Earth Cracking Still when you shouted

The widespread damage from Japan's deadly earthquake and tsunami will create economic and financial aftershocks for dozens of specific companies and industries. But the overall impact on Japan's beleaguered economy may be relatively small. 

Ironically, the influx of insurance claims to repair and rebuild could even provide a short-term economic stimulus.
The human toll is still being assessed after the 8.9 magnitude earthquake triggered a deadly 23-foot tsunami that swept away people, cars, houses, boats and planes. Dozens of people were killed, hundreds more are feared dead and tens of thousands have evacuated their homes.

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