Small Fire Extinguished at Library of Congress

The Madison Building at the Library of Congress in Washington has reopened Friday after being briefly evacuated because of a small electrical fire in the basement.

The fire broke out in the morning and was contained to a basement. D.C. fire department spokesman Pete Piringer says the fire stemmed from an electrical problem involving a generator, but the exact cause has yet to be determined.

U.S. Capitol Police say there were no injuries and no immediate reports of damages. The building on Independence Avenue was evacuated and neighboring streets were shut down.

Watch Justin Bieber Rascal Flatts

Watch the Justin Bieber Rascal Flatts “That Should Be Me” video, a powerhouse combo of the country group Rascal Flatts and teen phenom Justin Bieber.

The Rascal Flatts “Nothing Like This” special featured special guests Natasha Bedingfield and Justin Bieber.

Check out the Rascal Flatts / Justin Bieber “That Should Be Me” lyrics and music video below.

Rascal Flatts singer Gary LeVox spoke about the duet with Justin Bieber, saying that his daughters “flipped out” and that he’s “in the running for dad of the year” after working with Bieber.

LeVox added, “I’ve even got a low-grade Bieber fever!”

Rascal Flatts and Justin Bieber That Should Be Me lyrics:

“Everybody’s laughing in my mind
Rumors spreadin’ ’bout this other guy
Do you do what you did when you did with me,
Does he love you the way I can?
Did you forget all the mem’s that you made with me
Cause baby I didn’t
(Chorus)
That should be me holding your hand
That should be me making you laugh
That should be me this is so sad
That should be me that should be me
That should be me feeling your kiss
That should be me buying you gifts
This is so wrong
I can’t go on
‘Til you believe that
That should be me
That should be me

You said you needed a little time for my mistakes
It’s funny how you used that time to have me replaced
Did you think that I wouldn’t see you out at the movies
What you doin’ to me
You’re taking him where we used to go
Now if you’re tryin’ to break my heart
It’s working cause you know that

That should be me holding your hand
That should be me making you laugh
That should be me this is so sad
That should be me that should be me
That should be me feeling your kiss
That should be me buying you gifts
This is so wrong
I can’t go on
‘Till you believe
That should be me

I need to know should I fight for love
Or disarm
It’s getting harder to shield
It’s breaking my heart
Ooooh
That should be me holding your hand
That should be me making you laugh
That should be me this is so sad
That should be me that should be me
That should be me feeling your kiss
That should be me buying you gifts
This is so wrong
I can’t go on
‘Till you believe
That that should be me
(Holding your hand)
That should be me
(The one making you laugh (oh baby oh)
That should be me
That should be me
(Giving you flowers)
That should be me
(Talking for hours oh)
That should be me
That should be me
That should be me
Never should’ve let you go
I never should’ve let you go
That should be me
I never should’ve let you go
That should be me.”

Japan Tokyo Earth Quake

The following are comments by investors and analysts following today’s earthquake in Japan. An 8.9-magnitude earthquake struck the coast of Japan, causing a tsunami as high as 10 meters that inundated towns north of Tokyo.

Tomomi Yamashita, an analyst at Shinkin Asset Management Co., which oversees about $6 billion:

“It would be a concern if this acts as a reminder to foreign investors about the natural-disaster risks in Japan. People may move away from risk assets and fly to bonds in the short term.

“This doesn’t mean Japan’s economy itself will break down. With earthquakes, things go back to normal after a few months. So investors’ risk aversion will probably only last for a short while.

“Not only the market, but as human beings, we have to realize that this kind of danger is something we may come across at one point.”

Venkatraman Anantha-Nageswaran, global chief investment officer at Bank Julius Baer & Co. in Singapore, which had 170 billion Swiss francs ($182 billion) in of assets under management as of end 2010:

On the impact on Japan’s market:

“It comes at the wrong time for Japan because it’s kind of in a fragile recovery that partly depends on the global environment. They’ve had some political changes and corruption allegations, and now this. Even the tactical bullish stance that many investors have adapted on Japan may undergo a revision. People may once again believe that this is a false dawn, one more time.”
On changes in investment stance:

“Right now, it may only go towards increasing the cash level because most of the people have extremely low cash levels in general globally. I don’t think the rest of Asia ex-Japan looks interesting right now.

“I don’t think the shift will happen between markets, but the shift will happen for the time being into more cash. Julius Baer has not taken any position based on this news at the moment.”

Tsuyoshi Segawa, a strategist at Mizuho Securities Co. in Tokyo:

An earthquake in Kobe in Japan in 1995, which measured 6.9 according to the USGS, killed about 6,400 people.

“The 1995 earthquake didn’t cause direct damage to Japan’s economy, and that will likely be the case this time as well.

“People bought earthquake-related stocks in past earthquakes, but that kind of fishing in troubled waters won’t last that long.”