Posts Tagged ‘ YORK ’

Japan’s Tsunami Debris to Hit US Sooner Than Expected

October 26, 2011
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Japan’s Tsunami Debris to Hit US Sooner Than Expected

(NEW YORK) — The devastating tsunami that hit Japan in March created lasting images of houses, boats, cars and entire neighborhoods pulled out to sea. It also caused a massive sea of debris — up to 20 million tons of it, all of it potentially toxic — in an area estimated to be twice the size of Texas. Now, seven months later, that floating debris is on a direct collision course with the Pacific Coast of the United States — and it might be coming sooner than expected. “Across the wide Pacific, the drift rate…

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Japanese Disaster Affects Tourism in Hawaii; Moody’s Cuts State’s Credit Rating

May 25, 2011
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(NEW YORK) — While known for its stunning beaches and beautiful flora, Hawaii’s economy has seen sunnier days. The state’s bonds were downgraded by credit agency Moody’s Investors Service, though they’re still at least a notch above troubled New Jersey, California and Illinois in terms of fiscal stability. Hawaii’s outstanding general obligation bonds were downgraded from Aa1 to Aa2 because of the state’s “strained financial operations,” the credit rating agency said. That will make borrowing more expensive for Hawaii, which already has $5.1 billion in outstanding debt. The Aa2 designation is one out of 10…

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