In Japan, Tough Times Send Women to the Altar

Exports, domestic spending hit hard by disasters

(NEWSER) - More misery for Japan: The triple disasters that struck the country in March sent the country's economy sliding into its second recession in three years, according to the latest government figures. The earthquake, tsunami, and nuclear crisis disrupted production and caused a collapse in consumer spending, reports the BBC . Japan's economy shrunk at an annual rate of 3.7% in the first quarter of this year, a drop almost double what economists had predicted. More»

No, although a couple were charged and some were embarrassed

(NEWSER) - The government could soon prosecute a few Wall Streeters who allegedly played a role in the financial crisis, and the commission that uncovered those at fault was modeled on a similar probe after the Great Depression. So did anyone who precipitated that collapse ever go to jail? Nope, writes Brian Palmer in Slate ’s Explainer column: “The rampant speculation and eventual crash of 1929 weren't caused by fraud or illegality, but by unreasonable optimism and loose financial regulation.” More»

Inquiry panel will name names on Thursday

(NEWSER) - It might finally be time to pay for a handful of Wall Streeters, as the Financial Crisis Inquiry Commission prepares to name names for possible prosecution, insiders tell the Huffington Post . The panel, which will release three separate reports on Thursday, is turning several cases over to state and federal authorities, who may prosecute. It’s a leap forward in the US response to the financial crisis, say people involved. More»

Even household names like Sara Lee unlikely to survive

(NEWSER) - The economic crisis can be blamed for the death of quite a few large companies already—think Circuit City, Northwest Airlines, and Countrywide—so which ones can we expect to go bye-bye this year? Here are 10 American companies that seem unlikely to survive, from 24/7 Wall St. via Daily Finance :

• Office Depot: It can’t compete with Office Max or Staples, and is trying to manage 1,150 costly locations on very thin margins. A takeover by a rival or another chain like Target appears likely.
• Frontier Airlines: It was bankrupt when Republic Airways Holdings bought it in 2009, and is too small to compete with the larger airlines that are increasingly dominating the domestic carrier market.

Group is challenging requirement to take husband's name

(USER SUBMITTED) - Reminiscent of the Shogun TV miniseries set in 17th-century Japan, women there still must change their last names to that of their husbands when they marry. So a number of happily married women are suing the government over the requirement, seeking to use their maiden names instead, reports the Guardian . Said one woman, "I thought that I would get used to my husband's name, but I could not, and a sense of loss grew inside me." Click for more. More»