Tag Archives: economy

Fukushima

One Year Later, More Government Incompetence: Finally, Japanese officials say Sea Bass are too radioactive, fishing ban now in place!

March 28, 2012, one year after the GE designed Fukushima Daiichi nuclear plant melted down, Japanese fisherman are now being told their catches are indeed contaminated.

For the first time, Miyagi Prefecture has banned Sea Bass fishing, because of radiation contamination!

Prefectural officials say cesium levels are so high, they’re higher than the new stricter limits due to go into effect next month.  As much as 360 becquerels of cesium is being found in Sea Bass catches!  The new stricter limit is 100 becquerels.

Officials say two other types of fish are also exceeding the 100 becquerels limit!  This backs up what Russian and South Korean fish inspectors have been saying all along about contaminated fish from Japan!

The scary thing is that up ’till now fishing has been allowed near the disaster reactors of Fukushima Daiichi!

ONE YEAR LATER: JAPAN DEVELOPS THEIR FIRST EVER MOBILE PET CLINIC, TO HELP THE HUNDRED OF ANIMALS STILL SUFFERING IN IWATE

Business/Economics, International, U.S.

Corporate Evil & What Economic Recovery? U.S. Alcoa to close factories worlwide, thousands of people to lose jobs. It’s all because Alcoa wants higher Aluminum prices

March 27, 2012, Sardinian workers are protesting the planned closing of Alcoa’s Portovesme aluminum smelter on the island of Sardinia.  The move could cost Italy the loss of at least 1,500 jobs.

U.S. media last reported that U.S. based Alcoa was making a deal with union workers to keep the factory open, however, European media says that ain’t so.

In fact three potential investors are now suing Alcoa.  The Italian government has been demanding Alcoa keep their factory open.  The Spanish government is also upset because Aloca has plans to reduce smelter operations there.

This is evidence that Corporate America is partly to blame for the continuing economic disaster in Europe!  But it’s not just Europeans losing their jobs, Alcoa is hitting Australians as well.

In Geelong, Australia, Alcoa says it’s closing down operations there, because it doesn’t want to pay its electricity bill!  Alcoa wants a deal from the Australian government, and utility suppliers, in order to keep its Point Henry smelter open.

Alcoa also blames the pending closing of their Australian smelter on the need for $100 million AUD (Australian Dollars) to upgrade the smelter to meet environmental regulations.  600 people could lose their jobs.

But the real reason for the closings of all these Aloca operations worldwide, is that the price of aluminum is not high enough for Alcoa executives.

Recently Alcoa officials said the recent drop in aluminum prices “…will result in a global aluminum industry deficit of 600,000 metric tons in 2012.” Why would that be?  Because the aluminum industry will cut back production until aluminum prices go back up. That means closing down factories, creating thousands more unemployed people.

Interestingly, despite aluminum prices being low, on March 1, 2012, Alcoa announced they were actually raising prices (by 5%) on some of their aluminum products!

Business/Economics, International, U.S.

Global Economic War: Obama attacks Argentina with Tariffs, another case of shooting yourself in the foot!

On March 26, 2012, U.S. President Barack Obama declared a trade war with Argentina.  This comes two days after Argentina sponsored a mission to increase trade relations with the U.S.

Obama says Argentine companies own two U.S. companies, Azurix and Blue Ridge, $300 million USD.  Obama dropped Argentina from “trade preferences”, which essentially put the South American country on the same standing as North Korea and Syria.

The two U.S. companies are owed money, but Argentine officials say every time they try to make a payment those U.S. companies refuse the terms of payment: “The U.S. trade authorities did not accept our proposal to resolve the disagreement of interpretation on the rules of ICSID [International Center Settlement of Investment Disputes]…”-Hector Timerman, Argentine Foreign Ministry

Obama’s decision goes into effect in 60 days.  Argentina is a member of CELAC, maybe that’s the real motivation behind Obama’s action?  The imposition of high U.S. tariffs on Argentina will affect at least $18 million USD in business with U.S. companies!

 

Fukushima

One Year Later: More incompetence; Reactor 2 overheating caused by guessing game, cooling water levels much lower than first thought, massive leak!

Disaster reactor 2 at General Electric designed Fukushima Daiichi is overheating because Tokyo Electric officials miscalculated the cooling water levels!

Reactor 2 was the only active reactor that did not explode immediately after the March 11, 2011 natural disasters.  It has been a constant struggle for TEPCo to keep its temperature down.

On March 26, 2012, TEPCo discovered that one reason is there is much less cooling water in the reactor, than what they first guessed.  They thought there was three meters (9.8 feet) of water in the containment vessel.  There is only 60 centimeters (23.6 inches) of water in the reactor!!!

TEPCo discovered this on Monday, after they used an endoscope to check out the inside of the reactor.  TEPCo has been pumping about nine tons of water per hour, for months now, trying to keep the melted nuclear fuel cooled down.

This is only the second time TEPCo used an endoscope to look inside reactor 2.  The first time the endoscope was too short, and they couldn’t see anything!

The facts that after months of pumping nine tons of water per hour (sometimes more), and finding only 60 centimeters of water at the bottom of the containment vessel, means there is a massive leak!  It also means the melted nuclear fuel has been leaking out, into the Pacific Ocean, as well!

This revaluation comes after a March 15, 2012 report, in which TEPCo said they found “…there were no cracks in the suppression chamber [of reactor 2] and there were no changes in the shape.”

The suppression chamber is also known as the ‘wetwell’, or ‘torus’.  It is separate from the containment vessel.  However, TEPCo also reported high radiation levels coming from the wetwell.  It could be a sign that nuclear fuel is leaking out of the containment vessel and into the wetwell (suppression chamber/torus).

TEPCo also reported that the paint on the wetwell was peeling and the color of the paint had changed.

 

 

 

Fukushima

One Year Later: Japan down to just 1 operating nuclear reactor. Domestic economy threatened by lack of electricity!

Since the March 11, 2011, natural disasters led to the nuclear disaster at Fukushima Daiichi, 53 of Japan’s 54 nuclear reactors are now off line.

On March 25, 2012, Reactor 6 in Niigata Prefecture was shut down for regular inspections.  The next, and last reactor to shut down will be Tomari in Hokkaido.

Reactor 3 at Tomari nuclear power plant was supposed to be shut down permanently in April, but the operator, Hokkaido Electric Power Company, decided to delay until May 5, 2012.

While the Tomari reactor is not scheduled for re-start, those that are have been blocked by local governments.  In Japan the local governments have the final word on reactor re-start, and because of the on going disaster reactors at Fukushima Daiichi, the majority of people in Japan are against re-starting any reactors.

For the summer of 2011 Japan’s domestic industries suffered greatly because of an electrical power shortage, even with only about 37 reactors operating.  Attempts were made at other sources of electricity, but it wasn’t enough with such short notice.

Individuals, as well as industries had to deal with power black outs.  This caused many industries to close up, since they needed at least eight continuous hours of electricity (or longer).   As an example, a bread factory needs at least eight hours of electricity to make bread on an industrial scale.  The power black outs took place about every six hours.

Some individuals say they handled the summer without air conditioning well, because it didn’t get that hot (what was that about global warming?).

Now Japan is heading into summer 2012, with not one nuclear reactor up and running.  Officials are scrambling to find ways to convince the local governments to re-start reactors, even bringing in international inspectors to reassure local leaders.

This is one reason the Obama Administration recently exempted Japan from the U.S. oil sanctions against Iran.  Japan will be using a lot more oil to run petroleum fired power generators.

There has been a push for wind power, but, just like here in the United States, there’s been a backlash of people who are against it because those windmills are “eyesores” and reduce property value.

It just doesn’t look good for Japan going into the summer of 2012.

 

Business/Economics, International, U.S.

Oil & Gas Prices: Argentina raises prices, Quantas uses cooking oil to fuel planes, Sinopec looking to rival U.S. shale oil production

Daniel Cameron, Argentina’s Energy Secretary, is proposing to raise the price of Argentine oil exports to $63 per barrel.  Currently Argentina sells their oil at $42 per barrel.

Decades ago the Argentine government froze their export oil prices.  Now oil production is way down, because it’s not worth it to the Argentine oil companies.

To make the economic situation worse, Argentina imports most of its refined fuel, and that’s been going up, in price as well as volume.  Cameron wants to increase their export oil prices to offset the growing demand and cost of imported fuel, and to build up reserve funds in Argentina’s Central Bank.

The Australian airline Quantas, will be using a mix of kerosene based jet fuel, and used cooking oil.

Two of their airliners will be using the mixed fuel.  It’s being supplied by a Dutch company called SkyNRG.

Don’t be too concerned, the turbine (jet engine) is a glorified diesel engine.  In 1893 Rudolph Diesel designed the diesel engine specifically to run on peanut, or vegetable oil.  He succeed, however he was sued by Rockefeller’s Standard Oil.

Today’s diesel fuel is actually Petrodiesel, meaning fuel for diesel engines made from petroleum, not plant oils.

So, turbines and piston diesel engines should run fine on cooking oil, unless they were specifically made to run on Petrodiesel only (and don’t forget the bogus U.S. EPA rules that force you to use Petrodiesel in your diesel powered vehicle).

Virgin Airways Australia is also about to run their airliners on plant based fuels.  The fuel will be based on a type of Eucalyptus, called a Mallee tree in Western Australia.

China Petroleum and Chemical Corporation (Sinopec) will increase oil production and natural gas extraction.  This is partly because their profits dropped by 23% in their fourth business quarter.

The drop in profits came as corporate officials tried to shift from producing fuel, to buying fuel from other refiners.  Officials said Sinopec refining operations were actually costing more than refiners in other countries.

Sinopec is also exploring possible shale oil in western China, which could rival shale oil production in the United States.

 

 

Business/Economics, International, U.S.

Government Incompetence: More U.S. citizens renounce their citizenship, American exodus continues, if you leave you are now a terrorist

“What we have seen is a substantial change in mentality among the overseas community in the past two years. Before, no one would dare mention to other Americans that they were even thinking of renouncing their U.S. nationality. Now, it is an openly discussed issue.”-Jackie Bugnion, American Citizens Abroad 

Since 2008 the numbers of U.S. citizens rejecting their citizenship has only gone up.

2008: 235

2009: 743

2010: 1,500+

And these are the people who left the United States and officially rejected their citizenship.  The number of people who still have U.S. citizenship, after leaving,  are in the millions!

The exodus has got government leaders so riled up that they’ve passed tax laws (like FATCA & FBAR) that essentially makes anyone who leaves the United States a tax evading terrorist.

This is redundant because expatriates are already required to pay U.S. taxes even though they live in another country: “The U.S. is the only developed nation in the world that taxes its citizens on income they earn abroad.“-William McGurn, Wall Street Journal

By one count, 5.2 million U.S. citizens live outside the United States, and pay taxes to the United States!

Recently a U.S. citizen, who’s been living in Sweden for 25 years, got hit with a huge FBAR fine: “I was potentially looking at a seven figure fine.”-‘Pamela’

‘Pamela’ also explained how she was treated like a suspected terrorist: “I was treated like a criminal. I was told that even in the Voluntary Disclosure Program it would be assumed I was a ‘willful violator’ of the tax laws and would need to pay 25% of all my overseas assets, based on the highest balance in the sum total of all my bank accounts, retirement accounts, apartment, car, etc. over the last eight years.”

The U.S. government even puts pressure on other countries to go after the U.S. expats: “We have heard of banks calling in mortgages and refusing pension fund and insurance coverage for U.S. citizens.”-Mary Louise Serrato, American Citizens Abroad

Serrato says the U.S. government is even going after people who were born in the U.S., to foreign parents, but then left immediately afterwards never to return: “Many individuals are not even aware that they are American and should be filing, such as Green Card holders and ‘accidental’ Americans (born in the U.S., left when they were three and never returned), children of Americans now living overseas (even if U.S. citizenship was never claimed)!”

“I really can’t believe it! This nice country that I respect, have they gone mad?”-Peter Hallworth, U.K. citizen, who’s two adult sons (raised in Britain) are being forced to pay U.S. taxes because they were born in the United States

U.S. expats living abroad, yet paying U.S. taxes with little or no representation.  Isn’t that what the U.S. Revolution of 1776 was all about?

Business/Economics, International, U.S.

One Year later: Japanese fishing boat found off coast of Canada, first of 3 million tons of debris still heading for North America

“The vessel is considered an obstruction to navigation.”-Transport Canada statement

A 65 meter (210 feet) long fishing boat from Japan was found off Haida Gwaii islands (some reports say Queen Charlotte Islands), about 1,500 kilometers (930 miles) north of Vancouver, Canada.

The fishing boat was washed away from Japan by the March 11, 2011 tsunami.  Senator Maria Cantwell, of the U.S. state of Washington, estimates another 50 days before the ship hits land, and warns it is the first of many more to come: “This 150 feet fishing vessel is the first major West Coast tsunami debris confirmed by Japanese officials. And now, we’ve learned that larger debris could reach our coastlines sooner than expected. With some debris already moving towards the West Coast, we need more data and better science to track and respond to tsunami debris….Coastal residents need to know who is in charge of tsunami debris response, and we need clearer answers now.”

Japan’s Coast Guard has identified the boat as coming from Aomori Prefecture.

Also, Russians found a 20 foot Japanese fishing boat near Midway Atoll.

 

 

 

 

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

Class Warfare: Elitist Canada to increase the cost of college, again! This time by 75%! University is a “privilege”?

Provinces across Canada have been increasing the cost of college, just as their neighbors to the south (U.S.A.) are doing.

Currently the cheapest place for Canadians to go to college/university is Quebec. As of March 2012, the average yearly cost for attending college in Quebec is $2,519 CAD ($2,539.91 USD).  But provincial officials want a 75% increase over the next five years!

One student pointed out that college students in Quebec have less debt than other Canadians, and implied that forcing young Canadians into debt was the intent:  “Tuition fees are lower in Quebec than the rest of Canada, but so is the student debt, which is a good impact of low tuition fees.”-Hugo Bonin, attending Concordia

Many people are torn over whether college should be made more expensive, or free.  Many with an elitist attitude say it is a “privilege” not a “right”.  Well in actuality it’s neither!  If our business leaders, and government leaders, are constantly harping about the lack of “skilled” employees, and they are constantly pushing grade school students to “Go On” (higher education campaign slogan used by the state government of Idaho, U.S.A.) so that we can be more competitive in the global economy, then it is not a privilege or a right, it is a requirement!

Why should we pay for college (more like getting into massive debt for life) for the benefit of industry and government?  Unless our leaders are lying to us (would they?) it is obvious that higher education is now a requirement, which means if they want qualified workers then they need to pay for the education to create the qualified workers, goddam it!

So how much is the average price of a “privileged” higher education in the rest of Canada?  $5,366 CAD ($5,410.55 USD)!

Fukushima

One Year Later: Japan develops their first ever mobile pet clinic, to help the hundred of animals still suffering in Iwate

Iwate University, along with a pet food company in Tokyo, have developed a mobile pet clinic specifically to try and help the more than 450 pets still suffering in Iwate Prefecture.

Iwate was hit hard by the March 11, 2011, Mega Quake and tsunami.  It’s also near Fukushima prefecture, and has been affected by radiation from the destroyed Fukushima Daiichi nuke power factory.

The mobile clinic will allow veterinarians to even conduct surgeries.  Director of Iwate University Veterinary Teaching Hospital, Reeko Sato, says hundreds of pets have gone a full year without any treatment for their injuries, or radiation related illnesses.  Most veterinarian services were destroyed on March 11, 2011.

It’s hoped more mobile pet clinics are created, in Fukushima Province there are even more animals who need attention.

ONE YEAR LATER: WHAT HAPPENED TO THE FARM ANIMALS & PETS OF TSUNAMI HIT JAPAN?