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Looking Up: Pockets of Economic Strength
4:23 am
Sun March 11, 2012

Signs Of Recovery Emerge After A Long Downturn

While parts of the U.S. economy struggle, other sectors are seeing growth. Here, job seekers talk with recruiters at a career fair in Manhattan last month.
Spencer Platt Getty Images

Originally published on Mon March 12, 2012 8:08 am

Millions of Americans are still searching for jobs or facing home foreclosures. For them, the Great Recession drags on into its fifth year.

But for others, the U.S. economy is looking up.

Companies in certain sectors are buying equipment again and hiring workers. These pockets of strength — found in energy, technology, manufacturing, autos, agriculture and elsewhere — are helping invigorate the broader economy.

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Rebuilding Japan
4:23 am
Sun March 11, 2012

Nuclear Woes Push Japan Into A New Energy Future

A liquefied natural gas tanker arrives at a gas storage station east of Tokyo on April 6, 2009. The shuttering of Japan's nuclear power plants has driven an increased reliance on natural gas and other fossil fuels.
AFP/Getty Images

The tsunami that struck Japan last year destroyed four nuclear reactors at the Fukushima Dai-ichi nuclear power station on the east coast of the country. Radiation spread through the air and into the ocean, and workers labored for weeks to quench the melting reactor cores. Farmland and numerous towns were evacuated and much remains off-limits.

Since then, Japan has been temporarily shutting down its remaining nuclear plants as the public debates whether to swear off nuclear power permanently. But saying no to nuclear has been and will continue to be costly.

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Middle East
4:21 am
Sun March 11, 2012

Syrian Refugees May Be Wearing Out Turks' Welcome

Syrian girls attend a class in a makeshift classroom at a refugee camp on the Turkish-Syrian border in southern Turkey's Hatay province, on Feb. 8. More than 12,000 Syrians live in refugee camps in Hatay, and several thousand more have found accommodations elsewhere.
Murad Sezer Reuters /Landov

It could be a scene from almost any school in the world: rows of young kids reciting their lessons, the girls dressed in shades of pink and sporting Hello Kitty backpacks, the boys in dark clothing, looking a little restless.

But this makeshift school is in a concrete farmhouse on the outskirts of Antakya, in southern Turkey's Hatay province near the border with Syria. And the 156 students — aged 6 to 13 — are all refugees from cities and towns across Syria.

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Economy
4:20 am
Sun March 11, 2012

An Example To Avoid: City Of Stockton On The Brink

The beleaguered city of Stockton is fighting to avert bankruptcy by cutting staff, including a quarter of the roughly 425-member police force.
David Paul Morris Bloomberg

Originally published on Sun March 11, 2012 4:21 pm

The city of Stockton, Calif., about 90 minutes east of San Francisco, is broke and on the brink of bankruptcy. Stockton's road to insolvency is a long one, and it appears that, financially speaking, everything that could go wrong in Stockton did.

If Stockton can't solve its budget crisis, it would be the largest American city to go bankrupt.

The City's Seen Better Days

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Mitt Romney
4:20 am
Sun March 11, 2012

To Woo South, Romney Needs More Than A Twang

Republican presidential candidate Mitt Romney speaks at the Mississippi Farmers Market in Jackson, Miss., on Friday. The former Massachusetts governor has skeptics in the Deep South.
Rogelio Solis AP

Originally published on Sun March 11, 2012 11:29 am

Mitt Romney picked up some support in Saturday's contests, but there may be trouble lurking for him in the near future as the GOP race moves to the Deep South.

Despite his second-place finish in Kansas, Romney scored victories Saturday in caucuses in Guam, the Northern Marianas and the U.S. Virgin Islands. He also won county conventions in Wyoming.

Tuesday's primaries are in Alabama and Mississippi, and the reddest of states are proving to be a tough sell for the former Massachusetts governor. He's trying his best to connect with the Republican base.

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