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Japan said it plans to release 1 million metric tons of treated radioactive water into the Pacific. Nuclear experts said the discharge is safe but one said he'd avoid eating fish near Fukushima. The water is from its Fukushima nuclear power plant that, in 2011, underwent a meltdown and is considered one of the biggest nuclear tragedies in history. AdvertisementAdvertisementAfter the 2011 disaster, the radioactive water leaked into the plant's basements where it was collected and later stored in tanks. Why treated radioactive water is 'quite safe'This isn't the first time humans have released water from nuclear plants into a larger body of water.
Persons: Rafael Mariano Grossi, Kathryn Higley, Aldo Bonasera, Higley, Wang Wenbin, Wenbin, there's, JUNG YEON, Bonasera Organizations: Service, Electric Power Co, REUTERS, Kyodo, TEPCO, Tokyo Electric Power, Oregon State University, Texas, Power, Getty, World Health Organization, Greenpeace Locations: Japan, Fukushima, China, Hong Kong, Russia, South Korea, Fish, Seoul, California, Coast
The Week in Business: An Attempt to Ban TikTok
  + stars: | 2023-05-21 | by ( Marie Solis | ) www.nytimes.com   time to read: +3 min
The legislation seeks to cut off access by targeting mobile app stores, like the Apple Store and Google Play, and prohibit them from offering TikTok in Montana. If the stores continue allowing people to download the app, the companies could face fines, as could TikTok. The ban is set to take effect on Jan. 1, but it is already facing a legal challenge. A ‘Truly Sorry’ C.E.O. Though there was no explicit mention of Mr. DeSantis in the memo announcing the decision, Mr. D’Amaro noted “changing business conditions.”Image Credit... Giulio BonaseraWhat’s Next?
US forces evacuated the American embassy in Sudan days after violence erupted in its capital. As the situation deteriorated, the Pentagon dispatched Special Operations Forces to evacuate US diplomatic staff in a dramatic helicopter operation. Foreign governments began efforts to pull out their diplomatic staff and, in some cases, also moved to evacuate their civilians. People walk by a house hit in recent fighting in Khartoum, Sudan, Tuesday, April 25, 2023. US Marine Corps courtesy photoWith the embassy staff gone, questions remained over whether Washington would move to evacuate US citizens, as some other Western nations had been doing.
The Week in Business: Trump on TV
  + stars: | 2023-05-14 | by ( Marie Solis | ) www.nytimes.com   time to read: +4 min
(May 7-13)CNN’s TrumpcastUntil last week, former President Donald J. Trump had not appeared on CNN since 2016. But at a town hall hosted by the network on Wednesday night, Mr. Trump, the Republican front-runner in the 2024 presidential campaign, resumed the lies and name-calling that marked his presidency. Critics of CNN’s forum said it was reckless to give Mr. Trump such a large platform for his message, especially because it proved difficult to fact check his statements in real time. The results came in: Almost 58 percent of the 17.5 million people who voted agreed that Mr. Musk should leave his post. Mr. Musk said Ms. Yaccarino, who recently interviewed him onstage at an advertising event in Miami, would focus on business operations while he would continue to work on product design and technology.
The Week in Business: The 10th Straight Rate Increase
  + stars: | 2023-05-07 | by ( Marie Solis | ) www.nytimes.com   time to read: +4 min
It was the third consecutive increase of that size and the 10th straight rate increase since last March. This encroaching deadline presents a tricky political problem for Mr. Biden. Republicans are trying to extract concessions from Mr. Biden that would significantly undermine his agenda. He could negotiate spending cuts but divorce those discussions from the debt limit. There is one other possible option: a constitutional challenge to the debt limit, a long-shot plan that would rely on a clause in the 14th Amendment.
The Week in Business: High-Profile Media Ousters
  + stars: | 2023-04-30 | by ( Marie Solis | ) www.nytimes.com   time to read: +4 min
The move came less than a week after the company paid $787.5 million to settle a defamation suit with Dominion Voting Systems. Soon after Mr. Carlson was fired, CNN announced that it had “parted ways” with Don Lemon, a longtime star on the network who most recently was a morning show co-host. First Republic’s troubles are part of a wider banking crisis that began with the collapse of Silicon Valley Bank in mid-March. (April 30-May 6)A Highly Anticipated Fed MeetingThese days, aren’t all meetings of the Federal Reserve highly anticipated? But the Fed signaled that much uncertainty lay ahead as it sought a narrowing path to a soft landing, made narrower by the collapses of Silicon Valley Bank and Signature Bank.
The Week in Business: A Trial With a Twist
  + stars: | 2023-04-23 | by ( Marie Solis | ) www.nytimes.com   time to read: +4 min
In an unexpected twist in the courtroom on Tuesday — after jurors had been selected and opening statements delayed — Fox News agreed to a $787.5 million settlement. But even at less than half that amount, the settlement is still one of the largest ever in a defamation case. Caveats released in August said vehicles and plug-in hybrids assembled outside North America were not eligible for the $7,500 credit. The list of eligible vehicles is expected to grow as carmakers fine-tune their supply chains and catch up with demand. When the bank reports its quarterly earnings this week, analysts expect to see an enormous flight of deposits — that is, customers pulling their money from the bank — and losses.
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