If you've been living on earth for the last few days, you would have seen the Tsunami coverage literally on every website and every channel. Thousands of people are killed and whole cities are destroyed. The worst is yet to come. Japan is known for it's vast electronics and automobiles. Sony,Panasonic, Mitsubishi, Honda, Toyota, and many more companies are shut down. Not only will there be shortages on these products, there will be a devastating effect on Japan's economy. Short term effects will be food and water shortages but in the long run, other countries that rely on Japan to build products will be affected. If they can't get their supplies to build products, people will be laid off. This could well be the next recession.
In addition to the earthquake and Tsunami, the nuclear plants over there are overheating and are leaking dangerous radiation levels into the air. People have been evacuating and it seems like it will be the next Chernobyl. If this leaks, the clouds will possibly move towards the United States west coast and will have a devastating effect on America.
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