American media sources tend to over-exaggerate breaking news stories. The recent events in Japan are no exception. If you guys want real coverage, refer to:
Also, I’ve have been keeping a detailed and updated account of the events if you’re looking for a good summary:
In all honesty, the biggest problem is currently with the 3rd nuclear reactor in Fukushima. Japan is low on energy as it is and they lost energy powering the cooling system of this reactor. The world is worrying with good reason. Keep your fingers crossed.