Mr. Abe announced the snap elections last month in the wake of data showing that Japan’s economy had slipped into a recession for the first time since the global financial collapse in 2008. The drop is largely being attributed to his plan to hike Japan’s consumption tax, a move that is part of a wide ranging economic revival plan colloquially known as “Abenomics.” Continue reading
President Barack Obama confirmed Saturday at the G20 summit in Brisbane, Australia, that the U.S. would pledge up to $3 billion to help poor countries on climate issues, according to news reports. Continue reading
In our news wrap Friday, a test flight for a Virgin Galactic commercial space rocket crashed, killing the co-pilot and badly injuring the pilot. It was the second commercial rocket disaster this week. Also, a seven-week manhunt ended for an expert marksman and survivalist who killed a state trooper in northeastern Pennsylvania. Continue reading
The U.S. government recently issued an immediate recall for more than 4.7 million vehicles that were installed with defective airbags. However, the consumer website that lists vehicle identification numbers included in the recall did not appear to be working on Tuesday. Continue reading
Typhoon Vongfong hit southern Japanese islands with heavy rain and damaging winds Monday as the strongest storm to hit Japan this year made landfall.
The strongest tropical cyclone of 2014 is spinning toward Japan, maintaining winds around 165 miles per hour. Super Typhoon Vongfong is predicted to still be a Category 5 storm by the end of Wednesday, but is not expected to make landfall in Japan until early next week. Continue reading
In Japan, Saturday’s surprise eruption of Mt. Ontake killed at least 36 people and covered the mountain in thick smoke and piles of ash. Since then, rescue efforts have been hampered by toxic gases and fears of another eruption. Science correspondent Miles O’Brien and NASA’s Thomas Wagner join Judy Woodruff to discuss the difficulty of predicting volcanic eruptions. Continue reading
Economist Milton Ezrati argues that the economic policies of Japanese Prime Minister Shinzo Abe — known collectively as “Abenomics” — aren’t doing enough to address the demographic challenges of an aging population. Japan’s economy, he believes, needs more innovation to break away from a failed economic model. Continue reading