May 27, 2011 |
Chinese electricity plants are cutting output in the face of soaring coal prices, setting up what could be the worst summer energy crunch in years and threatening to slow the nation's manufacturing sector. State Grid Corp., China's biggest power distributor, has warned that shortages this year could exceed those of 2004, when dry weather cut hydroelectric production, prompting rolling blackouts through much of the country. The current crisis is linked to coal, which fuels most of the nation's electricity plants.
March 15, 2011 |
Japanese authorities have begun imposing sporadic power cuts nationwide to make up for production losses and a nuclear power crisis brought on by last week's devastating earthquake and tsunami. The rationing in urban areas unaffected by the disasters is necessary, utility officials said, because hospitals in quake-stricken areas have been unable to operate at full capacity to treat those injured in Friday's magnitude 9.0 temblor and the tsunami that inundated the northeast after the quake.
March 14, 2011 |
The world's third-largest economy faltered Monday, the first full business day since Friday's devastating earthquake, with the Japanese stock market plunging and the country's central bank moving to inject $183 billion into money markets to try to stem the financial damage. Although the quake's fury bypassed Japan's industrial heartland, the shock waves were felt throughout the business sector, from big auto plants to small mom-and-pop establishments. Many of Japan's leading companies, such as Sony Corp.
July 12, 2009 |
It was still dark outside when a man in his underwear answered the knock at the factory door, releasing a wave of heat and gritty smoke from the noisy room behind him. This, the man was told, was a power raid. The engineers storming past him were here to investigate electricity theft at this basement plastics mill. The problem is rampant in India, but especially in New Delhi, a sprawling city of slums, factories, and politicians unaccustomed to paying for power. When private companies partnered with the government in 2002 to distribute the city's energy, more than half the electricity generated was stolen.
September 19, 2008
It's rare to see an initiative attract the diversity of opposition that Proposition 7 has. We're accustomed to measures that are opposed by either the Democratic or Republican parties, for example, but Proposition 7 has been rejected by both.
June 15, 2008 |
In a narrow store wedged between vendors hawking vegetables and cheap clothing, Adnan Walid lovingly shapes sheets of gold into delicate leaves and flowers to make a necklace. Walid has lost count of the number of friends who have fled the violence of recent years. His own shop was reduced to a charred shell two years ago when a car bomb exploded across the street. He keeps two pistols under his counter, just in case.