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
Emergency management in American universities first affected by the 1906 San Francisco earthquake which destroyed much of the original construction on campus. Two of the buildings most badly damaged by the 1906 earthquake were the Old Gymnasium and campus library, these two elaborate buildings had been damaged before they were occupied so Standford officials decided to demolish them completely. In 1989 Stanford sustained further damage after the Loma Prieta earthquake, which caused them to permanently close the Old Chemistry Building which had been commissioned before the 1906 earthquake occurred. Many of the campuses historical buildings that had been damaged by both the 1906 and 1989