Daily Archives: March 11, 2011

The Kobe earthquake of 1995 was an immense human tragedy, hitting a region of Japan where building standards were nowhere near adequate to cope with the shock. I am sure we all have very sad memories of a disaster in which more than 6,000 people died. Read more

Moody’s decision to downgrade Spain’s sovereign credit rating from Aa1 to Aa2 was very unwelcome to the Spanish government yesterday, but it may have come as a timely reminder to other European leaders, meeting in Brussels today, that they are still a very long way from solving the sovereign debt crisis.  Read more