Tag Archives: economy

Fukushima, Technology

People still can’t get their money out of Japanese banks

A week after the 9.0 quake, computer system problems continue for Japanese banks.

Mizuho Bank is unable to process salary payments for more than half a million people.

Also, Internet banking and ATMs would be offline over Japan’s upcoming three-day weekend.

On Thursday, Mizuho bank’s nationwide ATM network of more than 5,600 machines went offline until midday, then failed again in the evening, and more  problems on Friday.

Like I said before, another good reason to keep your money under the mattress (unless you think it’ll float away in the flood).

Business/Economics, Fukushima

General Motors continues to get hit by Japan disaster

As a result of the ongoing disaster in Japan, General Motors suspended all nonessential spending and global travel, a GM spokesman announced.

In addition, GM will suspend production in Spain, and cancel two shifts in Germany.

Even a small supplier of products that are fed to a bigger supplier that feeds the automaker’s assembly plants can delay or halt vehicle production.

Think of the “always a bigger fish” example, but in reverse.  If there are no little fish to eat, what can the bigger fish do?

Business/Economics, Fukushima

Honda stops sales to the United States

Honda is suspending May orders from U.S. Honda dealers.

Typically, dealers order cars six weeks in advance.  Honda hopes to resume partial production in Japan by Wednesday, but doesn’t know when production will return to full capacity due to the developing nuclear disaster.

This will affect the availability of the Fit, CR-Z, Civic Hybrid, Insight, Acura TSX, Acura RL and a small number of CR-Vs.

Fukushima

Japanese Fire Chief Apologizes for Sacrificing Fire Fighters

In a press conference Japanese Fire Fighting officials have expressed sorrow for the literal sacrifice that fire crews, at the Fukushima Daiichi nuclear plant, are making.

They stated that many of the fire fighters insisted they were willing to endure high levels of radiation if it would help solve the crisis. One official said his own wife understood that it could be necessary for him to become a “savior” for Japan.

Officials are now saying that some workers at the plant have radiation exposure  equivalent of  10 chest X-rays every hour.

International

Libya warned about ceasefire AND attacked by France at the same time

War monger Sarkozy said “If there is not an immediate cease-fire and withdrawal of the forces that have been attacking civilian populations in the last few weeks, our countries will have recourse to military means.”

French President Sarkozy made the statement around 17:30 (5:30pm) Libyan time, yet, while he was demanding a ceasefire French aircraft were already in Libyan airspace attacking Libyan aircraft.  Shortly after Sarkozy made the statement regarding ceasefire he admitted they were already attacking Libya:  “As of now, our aircraft are preventing planes from attacking the town. Our French aircraft are ready to intervene against tanks.”

Earlier in the day rebels apparently shot down a Libyan Su-24 (might have been a single engined MiG-23) attack aircraft.  The Sukhoi Su-24 is made in Russia (as is the MiG-23).  Also, there is video of rebels armed with the latest brand new short range anti aircraft missiles, it is not possible they “captured” them from Gaddafi’s forces.  Some rebels are wearing brand new U.S. BDU (Battle Dress Uniform, no longer used by U.S. forces) style desert camo uniforms.  To me it is clear that this “revolution” in Libya was planned by outside, non-Libyan parties.

President Obama told the U.S. Congress that the military operations against Libya would days, not weeks or months. He better be right. Don’t forget, his predecessor (Bush Jr) made similar comments about Iraq.

International

Russia says attacking Libya will validate WMDs for extremists

Alexei Arbatov, the head of the International Security Center of the Institute of World Economy and International Relations of the Russian Academy of Sciences, said attacking Libya will prove that obtaining WMDs is necessary to keep from being attacked by the West.

“An attack against Libya would be a gift for all violators of the Non-Proliferation Treaty. If Libya becomes an object of a military operation, it will lead some countries to believe that no one would think of threatening Gaddhafi with a military operation now if he had not voluntarily given up his nuclear program several years ago.”

In order to receive financing from western countries, and gain favor from western governments,  Gaddafi revealed his WMD program and allowed international inspection and dismantlement of that program.  That’s why President Bush Jr removed Gaddafi from the terrorist list.  Now the West is about to attack him.

Arbatov says “This will lead Iran, Syria, and some other countries violating the non-proliferation regime to make a new powerful step towards obtaining nuclear weapons.”

Fukushima

Japanese Milk & Spinach contaminated

Japanese Cabinet Secretary,  Yukio Edano,  announced that milk and spinach has tested positive for radiation contamination.

The milk tested came from Fukushima Prefecture.  The spinach came from Ibaraki Prefecture.   6 samples of spinach were tested.  The radiation levels exceeded Japanese Food Safety codes.  They are now trying to determine if any contaminated milk, or spinach was actually shipped out.

Ministry of Health officials will be issuing more detailed info later.

Fukushima

Reactor 3 main concern

Water spraying with fire trucks resumed.  The target is the spent fuel pool on reactor 3, Fukushima Daiichi plant.  Temperatures are still rising.

They will attempt to spray water for 7 hours on Saturday for a total of 60 tons of water.  They also say the trucks are set up so they do not have to be manned while the spraying takes place.

Hopes for reactor 5 are increasing, as signs that cooling has resumed after workers got the cooling pump running.