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In infections or deaths could mean the tokyo economy could go in reverse. There is cautious optimism in europe. Spain and italy reported a decline in infection rates as people are told to stayathome over the easter break. Haidi we are getting breaking news out of south korea. The latest reading of the impact of the ongoing coronavirus pandemic having on this explosive economy. Of threetting a plunge point 8 when it comes to Industrial Production. That is actually better than the survey. We were expecting a contraction to the tune of four point 5 but 3. 8 percent contraction, worse than a contraction we saw in the month of january. When it comes to the year on year number, 11. 4 gained. A lot better than the 3. 4 that was surveyed and bouncing back well and truly from a contraction of 2. 4 percent. Seasonality issues will also be at play but we are expecting to it continued disruption when comes to supply chains, manufacturi ....
Beach. Lets talk, for a moment, about the revenue you have seen over 2013. It turned out to be a rather challenging year . Yes, it was a challenging year. We saw a fairly sizable reduction in our mining business, which frankly surprised us a little bit. In 2013 to do a lot of things in our company. We are very proud of our team. Strengthening the Balance Sheet, the debt equity ratio today is the strongest it has been in 25 years. If you look at the fourth salesr, we actually saw drop 10 . 1. 7 billion dollars less in sales. Taken from what we had in 2012 compared to operated earnings, we were better. We are very happy about that. The quality of products has never been higher. The Safety Record in our plants and offices is good. There are things to celebrate. More than just the top line. I know that you did a lot of cross costcutting in 2013. Cut 400 million in spending. As we l ....
Universities. There could be more to come. The president and chancellor at the university of missouri stepping down in a storm of protests over alleged institutional racism, protests that continues as we speak. Its been growing for weeks with people statewide and nationwide watching. One grad student launched a Hunger Strike and this weekend may have been the decisive blow. Members of the Football Team that brings in millions of dollars of revenue said they would boycott games until University PresidentTimothy Wolfe designs. This arch afternoon, he did. My decision to resign comes out of love, not hate. Elected officials weighed in and all sides of the issue then came new pressure on the University Chanc ....
And all sides of the issue then came new pressure on the University Chancellor to resign, as well, and he did. In a moment, the grad student that launched the Hunger Strike joins us. Some people considered him a dead man walking when he started. First kyung lah with the latest. We not going to move on reporter youre watching a protest at the university of missouris homecoming parade and the red car is tim wolfe. These students are protesting what they say is a pattern of racism on campus and ineffective response by the universitys leaders eventually counter protesters get between them and president wolfe. Do not engage. Do not engage engage. What the [ bleep ] are you talking about. Reporter wolfe does nothing to address the protesters and the police break it up. Lets go. Dont give them conviction like this. Reporter the incident a result of what students say was inacti ....