Aftermath of the 2011 Tōhoku earthquake and tsunami highest in the world). This additional spending could hurt demand for government bonds. Silicon wafer production has been suspended at factories owned by Shin-Etsu Chemical and MEMC Electronic Materials, which together account for 25% of the global silicon wafer production. The suspension is expected to drastically impact semiconductor production, which is contingent on wafer availability. Some economic analysts consider that, ultimately, the catastrophe will improve Japan's economy, with increased job availability during restoration efforts. An analyst at JPMorgan Chase, citing the 1989 Loma Prieta earthquake in the San Francisco Bay Area and the Southern California 1994 Northridge earthquake, noted that
1989 Loma Prieta earthquake wave-like manner over a distance of several feet. When electrical power to the stadium was lost, someone drove a police car onto the field, where an officer used the car's public address system to advise that the game had been postponed. After the shaking subsided, many of the players on both teams immediately searched for, and gathered, family and friends from the stands before evacuating the facility. The October 18, 1989 edition of NBC's "Today" that covered the earthquake ran until noon Eastern Time. Bryant Gumbel, Jane Pauley and Deborah Norville anchored from Chicago (where they had planned to originally