Tag Archives: economy

International

China to build bigger Navy, it’s the New Cold War baby!

In a report issued by the Chinese Navy, it is clear they expect some kind of military confrontation in the future, with the United States.

The report was released March 31.  It calls for increasing China’s ability to present a strategic deterrent and launch counterattacks at sea.  The report is also clear about who they think they might have to launch counterattacks against: The United States.

Their reasoning is that the United States is reinforcing its regional military alliances, and increasing its involvement in Asian security affairs.

Chinese military officials are hoping their government will increase spending on more high tech weaponry. Welcome to the New Cold War.

Business/Economics, International, U.S.

G20 meeting focusing on letting China in, kicking U.S. out

The current G20 meeting, in China, is discussing many issues, including the disasters in Japan. But, what seems to be the focus is how to bring China into the SDR, and, China’s desire to remove the U.S. dollar as the international reserve currency.

The G20 is made up of bankers and finance officials from 19 countries, and the European Union.  Their objective is to come up with finance and banking systems for a global economy.

Because of China’s growing economic strength, the G20 would like to have the Chinese yuan brought into the SDR.  That is the Special Drawing Rights fund, which is currently as close as you can get to an international money.  It is meant to make huge international transactions easier for members. The SDR replaced gold and silver as standards for international trade in 1969.

China is worried about continued reliance on the U.S. dollar as THE reserve currency for international trade.  Many Chinese economist, and other economist around the world, believe the U.S. dollar’s value is overrated, and is unstable.  They call the use of the U.S. dollar as the world’s reserve currency a “dollar trap”.

“Nations around the world have no way of restricting dollar issuance by the Federal Reserve. The current international monetary system lacks both stability and fairness.”- Xu Hongcai, deputy director at the China Center for International Economic Exchanges

Basically China wants a new international reserve currency, no more U.S. dollar.  This will play into the hands of those who want a true international form of money.

Fukushima, U.S.

Radiation in Milk, West Coast United States!

The U.S. Environmental Protection Agency is increasing radiation monitoring after milk tested positive for trace amounts of radiation from Japan.

The milk, with iodine-131, was found in California and Washington states.

Dairy cows probably ingested the iodine-131 after eating grass, or feed, that the isotope settled on after being blown here from Japan.

Officials insist the radiation levels are so low that the milk is still safe to drink.  However, the Fukushima Daiichi nuclear plant is emitting higher levels of radiation now, and the predominate wind direction is towards North America.

 

Fukushima

JET program officials worry that Japan disasters will drive away foreign teachers

‘‘I want more JETs to come and interact with the locals in the future but due to the current situation, I cannot welcome them open-handedly. I hope life gets back to normal as soon as possible.”-Hoshi Kazuyuki, assistant director at the international affairs section at the Miyagi prefectural government.

Organizers of the Japan Exchange and Teaching (JET) program worry that foreign teachers will think twice about teaching in Japan, after the 9.0 quake and tsunami, as well as radiation leaks from the nuclear power plant in Fukushima Prefecture.

So far, many teachers from the United States, and Canada, have opted to stay and help with recovery efforts, even after one teacher from the U.S., Taylor Anderson, was killed in the disasters.

 

Fukushima

Bodies found contaminated with Radiation!

A body found in Okuma, Fukushima Prefecture, about 5 km (3.1 miles) from the Fukushima Daiichi nuclear power plant, tested positive for high levels of radiation.  As many as 1,000 bodies of victims of the 11 March earthquake and tsunami, might be contaminated with radiation, delaying their recovery.

Police officers, doctors and bereaved families may be exposed to radiation while retrieving the radiation-exposed bodies.  Local police stopped retrieving bodies, after radiation was detected on a victim in the town of Okuma last Sunday.

Any attempts to decontaminate bodies would damage the bodies even more.

Business/Economics, Fukushima

McDonald’s, Subway & Starbucks struggle in Japan

McDonald’s fast food restaurants around the world rely on regional, or local, suppliers for their food products.

Thanks to the March 11 disasters, and radiation threat, Japanese McDonald’s lost many of their local sources. Now suppliers in the United States, and other parts of the world, are sending food to the Japanese McDonald’s.

There are more than 3,300 McDonald’s in Japan, and as many as 100 had to close down. Don’t think that what you eat in Japanese McDonald’s is the same as in the U.S.  Many foreign McDonald’s tailor their menus to what local people want to eat.

So far McDonald’s supplies from U.S., and Asian countries, had to be flown in because the situation was serious. But once on the ground there was more problems getting the food from the airport to the restaurants. They faced the same problems everyone else in Japan is facing: Power outages and fuel shortages.

Subway and Starbucks are dealing with the same problems, they just don’t have the high number of restaurants that McDonald’s does.

Fukushima

Airlines cutting service to Japan

Several airlines around the world announced cuts, even total cancellations, of flights to Japan.

American Airlines will suspend two daily flights between the U.S. and Japan, from April 7 through 25. Officials blame a huge drop in passengers wanting to fly to Japan.

Delta Air Lines cut capacity on flights to Japan by 20%.

Russian company, Vladivostok Air, has stopped flights between Niigata and Khabarovsk. It also plans to suspend weekly flights between Niigata and Vladivostok starting Saturday. The reason is that the number of the airline’s passengers have dropped a huge 90%, when compared to February.

Australia’s Qantas Airlines is dealing with loses from Australia’s natural disasters, the New Zealand quake, and now dealing with the Japan disasters.  Qantas officials are blaming natural disasters for an estimated $140 million dollars in losses. Add to that the steadily increasing fuel prices and Qantas officials are worried. They say they have no choice but to cut flights.

Fukushima, Idaho

Idaho detects Xenon and Iodine, New York picks up Iodine

New York state is reporting trace amounts of Iodine-131.

Also, the Idaho Department of Environmental Quality reported, on its March 29 RadNet posting, that trace amounts of Iodine-131 and Xenon-133 has been detected in the Gem State.  The Idaho DEQ runs monitoring sites in Spokane, Washington, and Idaho Falls, Idaho.

Both states say the levels are of no threat, and monitoring is continuing.

Fukushima

IAEA joins Greenpeace in Pushing for Evacuation!

The International Atomic Energy Agency stated that one of the criteria for ordering mandatory evacuations, around Fukushima Daiichi nuclear plant, has been reached.

The IAEA says they found dangerous radiation levels in a town outside the current 20km (12.4 miles) evacuation zone.  The town is about 40km (24.8 miles) away from the nuclear plant. Earlier in the day Greenpeace activists made similar statements.

The IAEA is urging the Japanese government to take action.

 

 

Fukushima

Japanese scientists say most Tsunami damage occured with Backwash

Japanese scientist, going over the damage from 11 March tsunami, say buildings made of the toughest concrete, and several stories tall, were totally destroyed by the tsunami.  That included building that were thought to be safe for use as emergency shelters, of course most people in those shelters died.

The scientist say the most damage was not caused by the in rushing tsunami, but by the tsunami rushing back out to sea. They point out that anything that rushes uphill, will go faster when it rolls back downhill.  They say the same is true with tsunami, and of course, the bigger the tsunami the more dangerous its backwash is.

The strongest buildings, that were wiped out, show evidence that they were destroyed by the tsunami backwash.