New article by Elizabeth Douglas at InsideClimate News interviews Peter Lam who has an impressive background as a Nuclear Industry regulator. Lam changed his mind on the use of probability statistics in nuclear disaster preparations. He says:
One can plan for a lot of things, but things don’t always happen according to what you plan for. … Sure, I think everybody’s doing the . . . → Read More: Nuclear power is an unforgiving technology
Fukushima is still in the news. Reuters reports today that the initial estimates of the amount of radiation released are now known to have been 2 and a half times too low. Tepco will be nationalized due to the exceptionally large losses after the accident. Reuters also reports what we first surmised the clean up will probably take 30 years. In the meantime the . . . → Read More: Fukushima Mon Amour
Bill Black has continually been on the watch for what he calls “control-frauds” which are just frauds by management of a company to hide illegal and/or greedy behavior. In a new article Anti-Employee Control Fraud in New Economic perspectives he departs from his usual target of banking to look at the recent news about Apple’s supply chain.
Businesses that pursue anti-employee behavior in . . . → Read More: Anit-Employee Control Fraud
I have heard it said by my friends that the mortgage crisis was caused by individuals taking on more mortgage than they could pay for, then refusing to pay up when the music stopped. In Everything You Need to Know About Wall Street, in One Brief Tale Matt Taibbi nails this, this way:
At one point during these deals, Verschleiser reamed out his immediate subordinate, co-head . . . → Read More: Bad loans made boldly
Bloomberg continues reporting into Secret Fed Loans Helped Banks Net $13B. THe FOIA information that Bloomberg has acquired shows that the Fed gave the banks lines of credit, loans and access to the discount window to the tune of $7.7 trillion, yes that’s trillion. In their own calculation Bloomberg thinks that the banks netted profit of $13 billion on this largesse from the US taxpayer. Though . . . → Read More: Secret Fed Loans Helped Banks Net $13B – Bloomberg
The Japan online had a nice way of putting it in their Report of long-range plutonium find tardy. The speed of updating the Japanese public on the potential health hazards has struck me previously in my blog. I found this amazing in this latest post:
“Plutonium won’t . . . → Read More: Economic with the truth / Late reports of plutonium 40 km from Fukushima
In the British Parliament it is not allowed to call someone a “liar.” It is for this reason that Members of that august body have come up with such grand circumlocutions as: “My esteemed Colleague is being parsimonious with the truth!” Now just so we get our language right when dealing with nitty-gritty problems of truth telling in foreign cultures let me start . . . → Read More: Japan’s Nuclear Safety Commission admits to being liars – or at least parsimonious with the truth
Several people picked up on the Fukushima updates recently. A hat-tip to Krista Mahr of Time Online who in her article Fukushima: Er, Sorry…Worse Than We Thought repeats what I said yesterday about it being worse than we thought and pointed me to a Yomiuri Online report.
The Yomiuri Shimbun Online review of the situation has a very good image of the situation. . . . → Read More: Fukushima: It’s worse
This is probably the worst news about Fukushima yet, but it seems to be getting little media play. The short version, Reactor 1 has totally exposed fuel rods, melted fuel pooling at the bottom and holes in the reactor containment vessel. It is exactly similar to Chernobyl, with reactor fuel directly exposed to the environment outside the containment vessel. High radiation in the . . . → Read More: Fukushima: fuel rods exposed, fuel melted, reactor vessel has holes…
Little Mr. Pluto – the cute and friendly plutonium avatar of the Japan Atomic Energy Bureau
The Wall Street Journal had a good article today with a sidebar on the Hunt for Plutonium I am quoting this in its entirety here because it disappears beyond the paywall after 24hours usually.
Hunt for Plutonium
Workers are still probing for the source of the . . . → Read More: Hunt for plutonium source