Frontrunning: June 14

Tyler Durden's picture

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mess nonster's picture

Arby's is worth only 130 M? This is the most TEOTWAWKI thing I have read yet.

CPL's picture

Have you ever eaten in an Arby's? 

buzzsaw99's picture

Fed’s Fisher reiterates central bank has done enough to help US economy.


Yes, thank you so much for all your help. :roll:

Jim in MN's picture

Radioactive contamination in Japan far more widespread than previously reported/admitted; 1/3 of Japan's prefectures affected, no rules or plan in place:


Radioactive material in sludge at 16 prefectures

NHK has learned that 16 prefectures in Japan have detected radioactive material in sludge since the crisis began at the Fukushima Daiichi nuclear plant in March.

NHK has found through interviews that at least 22 of Japan's 47 prefectures have been testing sludge for radioactive material. 16 of them, ranging from Hokkaido to Osaka, have actually detected radioactive substances.

The level of radioactive cesium was highest in Fukushima city, at 447,000 becquerels per kilogram. This was followed by Tokyo at 55,000 becquerels and Maebashi, north of Tokyo, at 42,800 becquerels.

Rain-soaked soil containing radioactive substances has turned into contaminated sludge and is being stored at waste treatment plants.

Maebashi has designated area around its waste treatment plant a radiation danger zone, after radiation levels at 2 storage sites for incinerated sludge exceeded the government set-safety level.

Japan has had no safety guidelines for contaminated sludge, which is a new problem.

Last month, the government decided on an emergency measure to incinerate and store sludge that's been found to contain 100,000 becquerels or more of radioactive materials.

But the measure applies only within Fukushima Prefecture, prompting other prefectures and municipalities to demand that the government quickly set guidelines on how to handle contaminated sludge.

Tuesday, June 14, 2011 19:13 +0900 (JST)

rsnoble's picture

Sounds like one huge shithole.  Business as usual.

kaiserhoff's picture

Those TEPCO workers are dead men walking.  In spite of the treason in New York and DC, the continuing crisis in Japan is the only thing worth watching this summer.  All the other shit can be fixed, eventually.  On the other hand, on a long enough time line...

rsnoble's picture

Looks like someones busy pumping futures for a nice backdrop for Lord Stinky's upcoming speech.

Catullus's picture

FDIC: yeah, we probably shouldn't have bailed anyone out 3 years ago and just allowed the market to restructure the TBTFs.

So much time and effort wasted on this.