Tag Archives: debt

Fukushima

Cooling partially restored at Fukushima Daiichi, cause of power outage still unknown

19 March 2013/07 Jumada l-Ula 1434/29 Esfand 1391/08 Yi-Mao (2nd month) 4711

Tokyo Electric Power Company says they’ve restored cooling of spent fuel pools on the number 1, 2 and 4 reactors. This is the first time TEPCo mentioned Reactor 2 as being affected by the power outage.  Cooling for Reactor 4 pool is being powered by emergency generators.

Cooling is still on hold for the fuel pool on Reactor 3, and a shared pool in Fukushima Daiichi’s  compound.  TEPCo hopes to have cooling restored by tomorrow.

TEPCo has inspected the switchboards from three high voltage distribution systems, and say it appears nothing is wrong with them.   Ironically the electric power company still doesn’t know what caused the massive power outage.

International, U.S.

Breaking news: Russia says U.S. backed insurgents behind WMD attack in Syria!

19 March 2013/07 Jumada l-Ula 1434/29 Esfand 1391/08 Yi-Mao (2nd month) 4711

Russian officials say they have documented that the chemical weapons attack in Aleppo province was launched by U.S., European and Israeli backed insurgents.  Russian intelligence believe the insurgents captured the chemical armed rockets from the Syrian military.

The Syrian government says the insurgents got the WMDs from outside the country.

International, U.S.

Breaking news: U.S. backed Syrian rebels kill at least 25 people with WMDs!!!

“I saw mostly women and children. Witnesses said that people were suffocating in the streets and the air smelt strongly of chlorine. People were dying in the streets and in their houses.”-Reuters photographer

19 March 2013/07 Jumada l-Ula 1434/29 Esfand 1391/08 Yi-Mao (2nd month) 4711

U.S., European and Israeli backed insurgents in Syria attacked the province of Aleppo with chemical weapons!  The attack comes as the Western powers recognized a interim government composed of insurgents, including one who is a U.S. citizen!

U.S. supported insurgents launched rockets into a city in Aleppo province. The rockets contained chemical weapons.  So far reports say 25 civilians killed, 85 wounded.

The government of Syria has repeatedly said they would use chemical weapons only in retaliation for a first strike by insurgents.  The insurgents have made the first strike!

Western puppet media claims the attack came from the Syrian government.  Who you gonna believe? After all the Western media has a proven track record of reporting lie after lie by their respective governments.

 

Fukushima

Corporate Incompetence: Cooling of Fukushima Daiichi on hold for second day!

19 March 2013/07 Jumada l-Ula 1434/29 Esfand 1391/08 Yi-Mao (2nd month) 4711

For the second day now, cooling of spent fuel pools on the General Electric designed reactors 1, 3 and 4 is not taking place (1, 3 and 4 are the ones that exploded).   Another spent fuel rod pool and a water decontamination system are also affected.

Tokyo Electric Power Company says they’ve found the reason why they lost power yesterday; three high voltage distribution systems failed.

TEPCo says two were fixed but they can’t figure out the problem with the third, they suspect a switchboard.  TEPCo officials said something shorted out the switchboards, but they don’t know what. Apparently all three systems must be working in order to cool the fuel rod pools.

TEPCo has two more days to fix the problem before temps in fuel pools exceed safety limits.  If not they will resort to fire engines to pump water into the pools.

 

 

Business/Economics, International, Technology, U.S.

What Economic Recovery? Long time Boeing customer switches to Airbus!

18 March 2013/06 Jumada l-Ula 1434/28 Esfand 1391/07 Yi-Mao (2nd month) 4711

Indonesia’s Lion Air has always been a big customer of the U.S. company Boeing, but not anymore.

With the ongoing problems with Boeing’s 787 Dreamliner, Lion Air has just signed a huge contract with Europe’s Airbus.  Lion Air just bought 234 A320 airliners, they could have been Boeing 787s!

The deal with Airbus is the largest ever for Lion Air.  It’s estimated to be worth 18.4 billion euros ($23.8 billion USD)!  It’s good news for France as 5,000 jobs will be created.

 

Business/Economics, International

Evil Banks: New bank account tax created by Too Big to Jail banks! Cyprus is “test case”. Russians forced to pay the tax! Banks freeze ATMs and close branches to stop the run by account holders! Is your bank account next?

18 March 2013/06 Jumada l-Ula 1434/28 Esfand 1391/07 Yi-Mao (2nd month) 4711

The people of Cyprus are almost up in arms over a heavy tax that could be imposed on their bank accounts.  The tax is part of a privately funded bailout deal from Too Big to Jail European banks.  The tax would go to those banks, not to any government.

Banks in Cyprus have closed their branch offices and turned off their ATMs to try and stop the wave of people who want to withdrawal all their money.

Germany’s Deutsche Welle (DW) is reporting that the bank account tax is a “test case”, and could be imposed on other countries: “People feel anger first of all, and fear. I saw people waiting in front of ATMs over the weekend who were shouting: ‘Why are they doing this to us? Is this some kind of an experiment?’ They say Cyprus is seen as a small country that can be the test tube for the whole of Europe. If this is going to work here, they say, it’s going to be applied in other countries. Cypriots are angry because they say they’ve been working for years and now somebody comes and steals their money.”-Flora Alexandrou, journalist

It’s not just individual account holders who’ll be forced to pay the new corporate imposed tax, but businesses, investors and even other banks!

The bank account tax is going to hit Russian banks hard, because they’ve got big bucks in Cypriot bank accounts. It’s reported that Russia’s second biggest bank will end up paying 130 million euros ($168 million USD) in taxes!  So what happens if Russia’s banks pullout the tens of billions they have in Cypriot banks?

Russia’s President, Vladimir Putin, called the European banks’ imposed tax “unjust, unprofessional and dangerous.”

Business/Economics, International, Technology, U.S.

World War 3: Japan finds nuclear equipment on cargo ship coming from North Korea!

18 March 2013/06 Jumada l-Ula 1434/28 Esfand 1391/07 Yi-Mao (2nd month) 4711

The Japanese government is filing a complaint with the UN Security Council, alleging violations of UN sanctions by DPRK.

Japanese Customs inspectors say they found aluminum rods on a cargo ship that had left North Korea, bound for China.  The rods could be used for nuclear centrifuges, and are covered in the latest UN sanctions.

This is the first time Japan has found such contraband items from North Korea.  The inspection of the ship was done under a 2010 UN sanctions rule.

Fukushima

Cooling at Fukushima Daiichi stops, TEPCo does not know why!

18 March 2013/06 Jumada l-Ula 1434/28 Esfand 1391/07 Yi-Mao (2nd month) 4711

Tokyo Electric Power Company reporting that for an unknown reason the cooling of stored nuclear fuel rods, at the GE designed Fukushima Daiichi power plant, has stopped.

There was an electrical power blackout affecting 2100 spent fuel rods in storage pools for reactors 1, 3 and 4.  TEPCo says temps have been rising slowly but steadily every hour.

A forth pool with 6300 fuel rods was also affected, as well as the water decontamination system.

TEPCo does not know what is causing the power outage.  They claim cooling of the melted reactors have not been affected.

 

International, U.S.

World War 3: North Korean media calling for Second Korean War, now!

17 March 2013/05 Jumada l-Ula 1434/27 Esfand 1391/06 Yi-Mao (2nd month) 4711

A DPRK media source published an editorial calling for a Second Korean War:

“The Second Korean War has become an unavoidable thing, now that the U.S. and the south Korean puppet regime, barbarous provocateurs, push the situation to the extremity by resorting to the unprecedented ‘sanctions’ against the DPRK and the war drills to invade the north, condemning the DPRK’s legitimate satellite launch.

At last, time has come to put an end to the long cycle of the provocations and tensions which has lasted for a long time century after century.”-Rodong Sinmun

Business/Economics, International

What Economic Recovery? Asian investment markets crashing, Euro crashing due to 10% tax on bank accounts! Depositors making a run on the banks!

18 March 2013/06 Jumada l-Ula 1434/28 Esfand 1391/07 Yi-Mao (2nd month) 4711

Reports that Asian stock markets dropped, along with the euro, as details of the financial bailout of Cyprus were revealed.

The European Union (EU) agreed to bailout the island country of Cyprus, but only if individual bank accounts were heavily taxed, in some cases as high as 10%!

Now Cypriots are making a run on the banks, trying to cash out their accounts.  So far, in the ongoing European bailouts, Cyprus is the only country that has been ordered to tax bank accounts.

But because of the way EU officials avoided questions about the possibility of other European bank accounts being taxed, there is a fear that runs on the banks will spread outside Cyprus.

The 10% tax could end up being 12.5%, that’s according to Reuters. Officials are trying to change the bailout rules by lowering the tax for people with less than $129000 USD in a bank account, but the difference would be passed on to wealthier accounts.

If the Cypriot Parliament does not ratify the bailout deal, then there is no bank account tax and no bailout money. (they should do what Iceland did, default!)