Tag Archives: economy

Fukushima

Closing Japan nuke plant will have direct affect on British nuke plant

The closing of Hamaoka nuclear plant in Japan, because of the danger of a massive earthquake, is having direct affect on a British nuclear plant.

Sellafield MOX plant, in north west England, supplies Hamaoka with the nuclear fuel it needs to make electricity.  Hamaoka uses MOX (mixed oxide) nuclear fuel, and Chubu Electric Power Company (operator of Hamaoka) has a contract with Sellafield as its only supplier.

On top of that the Hamaoka plant is the only user of MOX fuel from Sellafield.

Taxpayers in the United Kingdom shelled out 1.34 billion Pounds (U.S. $2.1 billion) for the Sellafield MOX plant, and the British government wants to build another one.

British officials are scrambling to work with CEPCo officials to figure out how to fulfill their contract.  Maybe the Brits can start selling MOX to the Iranians?

Fukushima

Radioactive fallout map of Japan released

The U.S. Department of Energy, and the Japanese Science Ministry, have put together a map of the fallout pattern of cesium.  The damaged Fukushima Daiichi nuclear plant has been spewing cesium.

The map shows the cesium fallout extends north west of the plant, in a large area. It is depicted with the colors yellow and red. NHK has a report.

Official say radiation levels from the Fukushima Daiichi plant have dropped enough that it is time to conduct more testing of soil for levels, and types, of radiation contamination.

 

International, U.S.

S & P’s reacts to Greece needing mo money, get ready for the stock markets to react

Standard & Poor’s cut Greece’s credit rating, downward 2 points, after Greek officials announced they needed more bailout money.

The S & P’s rating now puts Greece below investment grade.  S & P’s also says that Greece will need a waiver on repaying most of its current loans (that means they don’t think Greece can pay).

 

International, U.S.

Argentina says slave trade being run by U.S.

Argentina is demanding help from the United Nations, in helping to fight slave trades, run mainly by organizations from the United States.

Argentina claims that U.S. organized crime is using Argentina as a recruiting grounds, and transit point, for human trafficking.  Poor people are promised well paying jobs in the U.S., but end up working for little pay, if any, and long hours.

The workers, men, women and children, not only work in industries like textiles, but, according to the U.S. Bureau of Statistics 80% end up as sex workers in the United States.

Other countries that are destination points for human trafficking are Germany, Italy, Netherlands, Belgium, Israel, Japan and Thailand.

Business/Economics, International

Made in Germany hits record high

China is the number one exporter, which country is number two?  Germany.

Germany continues to do well when it comes to exporting its products to other countries.  So well, that it’s hit a record of 98.3 billion Euros (U.S. $140.9 billion) in exports for the month of March: “That was the highest monthly figure recorded for both exports and imports since the collection of foreign trade statistics had started in the Federal Republic of Germany in 1950.”-Destatis, German National Statistics Office

 

 

Business/Economics, International

Chinese are big spenders in France, Russians close behind

In another sign of who’s got the money, for the second year Chinese tourists have topped the list of biggest spenders in France.

The study was done by the UN World Tourism Organization.  Recently the Japanese, in their own study, found that Chinese tourist were the biggest spenders there.

The study showed a 60% increase in Chinese visiting France, from 2009 to 2010.  Spending also went up by 35%.

Russian tourists are the second biggest with number of visitors, and spending, in France.

 

Business/Economics, International, U.S.

Iran joins China in blaming U.S. Federal Reserve quantitative easing policy for bad economy

Iran is joining China in blaming the U.S. bank, Federal Reserve, for destroying the world economy.

Iran’s President Mahmoud Ahmadinejad, says the “paper money” policy of the Federal Reserve is playing a part in the increase of poverty around the world, by forcing most international trades to use U.S. dollars.  He says the Federal Reserve injected into the world economies $32 trillion in “worthless” paper money.

President Ahmadinejad believes the Federal Reserve policy is part of a plan that forces poorer countries to pay the debts of the West.

Fukushima

Another nuke plant in Japan leaking radiation

Japan Atomic Power Company said its Tsuruga nuclear plant leaked a small amount of radiation on Sunday, 08 May 2011.  But this is not the first time.

On 02 May radiation was detected outside the reactors.  JAPCo officials think the radiation leak is coming from the cooling water for the fuel rods. They are shutting down the plant to inspect.

Tsuruga nuke plant is in Fukui Prefecture, directly west of Tokyo.

Fukushima

More Strontium detected at Fukushima Daiichi! Government may start checking surrounding areas

Radioactive strontium continues to be spewed from the damaged Fukushima Daiichi nuclear plant.  Soil samples taken at the plant, on 18 April, tested positive for strontium 89 and strontium 90.

Strontium collects in your bones and can cause various bone cancers.  You get contaminated by breathing it.

Tokyo Electric Power Company says April’s strontium 90 levels are 130 times higher than the levels detected in March!  The levels of strontium 89 are 4,400 becquerels per kilogram of soil!

Because of the increase in strontium levels, officials in the Japanese government are advising that readings need to be taken in areas outside the Fukushima Daiichi plant. Once again, you’d think  they’d already be doing that.