Japanese Banking Crisis Japanese Banking Crisis According to inside contacts, the Japanese banking crisis shows no signs of ameliorating. If anything, it's getting worse. Following last week's news that Origami Bank had folded, we are hearing that Sumo Bank has gone belly up and Bonsai Bank plans to cut back some of its branches. Karaoke Bank is up for sale and is (you guessed it!) going for a song. Meanwhile, shares in Kamikaze Bank have nose-dived and 500 back-office staff at Karate Bank got the chop. Analysts report that there is something fishy going on at Sushi Bank and staff there fear they may get a raw deal.
HISTORY OF THE DAY
Large X-class Flare Erupts on the Sun
On Jan. 27, 2012, a large X-class flare erupted from an active region near the solar west limb. X-class flares are the most powerful of all solar events. Seen here is an image of the flare captured by the X-ray telescope on Hinode. This image shows an emission from plasma heated to greater than eight million degrees during the energy release process of the flare. Image Credit: JAXA/Hinode Read More
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