Tag Archives: japan

Fukushima

Government & Corporate Incompetence: Mountains of Eastern Japan now Radioactive!

Japan’s science ministry conducted helicopter surveys of radiation, covering 22 prefectures in eastern and central Japan.  They found that long lasting cesium is contaminating a large area.

The highest level of cesium contamination is around the Fukushima Daiichi nuclear plant, with some areas hitting more than one million becquerels per square meter!

The scientists also found that the mountain ranges nearby have been blocking a lot of cesium from spreading further south.  As a result, geographic regions about 60 kilometers (37 miles) to the north, and about 200 kilometers (124 miles) southwest, are contaminated with more than 30,000 becquerels per square meter.

They say the cesium contamination will last decades.  And remember, the Fukushima Daiichi disaster reactors are still emitting lots of radiation!

 

Fukushima

Government Incompetence: Pacific Cod & Tuna contaminated with Cesium!

Greenpeace Japan has been monitoring radiation levels in sea food for the past several months.  They say Pacific cod and tuna are proving to be very susceptible to cesium contamination.

The Fukushima Daiichi nuclear plant is not only spewing radiation into the air, but pouring it into the Pacific Ocean.

Greenpeace Japan tested seafood in just five supermarkets in Japan, from October through the beginning of November.  Out of 75 samples, 27 were positive for radioactive cesium 134 and 137.

They found that Pacific cod was the most contaminated, along with Bigeye and Skipjack tuna.  The fish had been caught off the coasts of Hokkaido, Iwate and Miyagi.  These are areas directly affected by the radiation pouring into the Pacific Ocean.

The researchers discovered that canned fish could potentially be more contaminated, because in Japan regulations for canned fish are less strict than fresh fish.  Greenpeace Japan says they did find a small level of radiation in a can of mackerel.

Fukushima

Farmer Incompetence: Japanese fruit farmers to strip the bark off their trees, hope to prevent radiation contamination, more proof of a coming global food crisis!

Fruit farmers in Fukushima Prefecture (home of the radiation spewing Fukushima Daiichi nuke plant) say radiation is coating their trees and fruit. They’ve come up with a plan to stop the absorption of radiation; use power washers to strip top layers of bark.

The Japanese Central Union of Agricultural Cooperatives believes that by stripping the bark off the fruit trees, they can halve the amount of radiation contamination.  Major problem: Fukushima Daiichi is still spewing radiation!

By stripping the bark, in an ongoing radioactive contamination environment, they will actually increase the chances of contamination!

Fukushima

Government Incompetence: Radioactive Strontium found in Tokyo & Yokohama, for the second time!

A citizens group tested soil from three location in Tokyo and Yokohama, and found radioactive strontium, as much as 51 becquerels per kilogram.

The samples were taken at the end of October.  This is not the first time strontium 90 has been found.  At the beginning of October it was confirmed that samples taken on a building’s roof top, in Yokohama, was contaminated with 195 becquerels of strontium 90.

Strontium 90 has a half life of 28.8 years. It can cause bone cancer.

The citizens group believes the strontium 90 came from the disaster reactors at Fukushima Daiichi, which is about 170 miles from Yokohama.  However, the Ministry of Education, Culture, Sports, Science and Technology is claiming that it could not have come from Fukushima Daiichi.

The government officials say it would be more likely that strontium 89 would be coming from the failed nuke plant.  This doesn’t make sense, because strontium 89 is used medically, to treat bone cancer, and in rare cases to treat pain.  In my quick research I could not find anything that said strontium 89 is a by product of nuclear reactors.  The U.S. Environmental Protection Agency web site only said that it could be found around nuclear plants.

I can only conclude that the Japanese government officials don’t know what they’re talking about.  When you look up strontium 90 you’ll find that it is specifically a creation of nuclear fission, and found in nuclear fallout, so the citizens group is right!

Business/Economics, International

What Economic Recovery? Japanese life insurance companies dump European bonds

As a sign of how bad things are getting for European countries, it’s just been revealed that eight major Japanese life insurance companies are dumping their sovereign debt (bonds) from Italy, Ireland, Greece, Portugal and Spain.

All together, the Japanese companies sold off 44% of their bonds, by the end of October.  According to Japanese media, two of the eight insurance companies sold off all their Italian bonds!

Business/Economics, International, Opinion, Technology

Government Incompetence: More than 80% of Japan’s nuclear reactors to be shut down, get ready for petroleum & coal prices to spike

Combine natural disasters, corporate and government incompetence, and regular inspections, and you end up with more than 80% of Japan’s nuclear power turned off.  That’s disastrous when you realize that Japan’s industries rely on nuclear power!  Can you say poor planning?

On November 25, another nuke plant will be shut down for regular inspection.  But that’s not all.  The remaining operating nuclear power plants will also be shut down going into spring 2012, because of the timing of scheduled inspections.  That means all 54 Japanese nuke plants will be off line!

This means there will be a huge demand coming from Japan for petroleum (oil, gasoline, diesel), natural gas and coal to run traditional electrical generators.  Now imagine what will happen to the price such commodities when an entire country suddenly starts sucking up millions of barrels of fuel per day!

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

Corporate Incompetence: Olympus scandal deepens as company officials destroy documents, investigators say lost money went to organized crime, U.S. investor sues

“Olympus was exploited over its cover up totaling losses of 50 billion yen, and since 2000, over 200 billion yen has disappeared into the underground economy.”-leaked Japanese government memo

The New York Times claims to have seen an official memo, from Japanese investigators, which says it is highly likely that the fraudulent investment schemes that Olympus optical company was part of, were done for organized crime.

Investigators say U.S.$4.9 billion of the money Olympus invested, are unaccounted for! This is far more than initially reported.

This info comes as NHK reported that Olympus officials held a press conference in which they swore they were reforming their policies, and that they really are going to make money this year.

But that doesn’t help the fact that a new unnamed source says what we’re hearing is just the tip of the iceberg, because for years Olympus officials destroyed data, to cover up losses involving foreign investments.

Here in the United States a major holder of Olympus securities is so fed up that he’s filed a lawsuit.  Lloyd Graham says Olympus violated the U.S. securities and exchange laws.  Graham holds Olympus securities specifically issued to the U.S. market, called American Depository Receipts (ADRs) of Olympus.

Graham says Olympus officials intentionally hid investment losses, and released false reports on the firm’s finances and earnings for at least five years.

 

Business/Economics, International, U.S.

Corporate Incompetence: Olympus now under investigation by the British, FBI also invloved. Olympus officials beg banks for more money

Scandal with Japan’s Olympus only gets deeper.  Now the United Kingdom’s Serious Fraud Office (SFO) confirmed they are investigating.

The SFO, located in a building known as Elm House, says they’re getting help from a former Olympus CEO, Michael Woodford.  He’s already turned over corporate documents he kept after he was fired from Olympus last month.  The SFO also confirmed that the U.S. FBI is involved.

This comes as Olympus held an emergency meeting with 40 banks, to  essentially beg them for more money.

According to NHK, Olympus officials swear they’re actually going to make money this year, however overall sales are slightly down from last year.  Olympus stated they will release their accounting books by the government ordered date of December 14.  They will also reveal who’s responsible for the huge losses from securities investments, as well as buyouts of other companies.

NHK gave no indication of how the bank officials reacted to the emergency meeting with Olympus.

International, Technology

Double Edged Sword: Cancer Gene actually fights Cancer

A team at the Nagoya University Graduate School of Medicine has been conducting research on a gene called TTF-1.  It’s associated with lung cancer, adenocarcinoma, which is the hardest to treat among all lung cancers.

Now researchers say it also fights cancer.  In healthy adults, where the TTF-1 gene has not gone renegade, researchers found that it produced a protein that prevents cancer metastasis (the spread of cancer from one part of the body to the rest of the body).

More research needs to be done to see how this double edged sword TTF-1 cancer gene can be used to stop cancer.