• Steve H. Hanke
    05/04/2016 - 08:00
    Authored by Steve H. Hanke of The Johns Hopkins University. Follow him on Twitter @Steve_Hanke. A few weeks ago, the Monetary Authority of Singapore (MAS) sprang a surprise. It announced that a...

Frontrunning: May 24

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Tue, 05/24/2011 - 07:51 | 1304479 A Man without Q...
A Man without Qualities's picture

TEPCO confirms meltdown in two further reactors.

"It is unlikely that the meltdowns will worsen the crisis because the melted fuel is covered in water," said a Tepco spokesman, Takeo Iwamoto.

The problem with this statement is the fact there appear to be holes in the bottom of the reactor pressure vessels...


Tue, 05/24/2011 - 07:55 | 1304488 Sudden Debt
Sudden Debt's picture

This is old news.

Bioluminescence are already the new fashion this year, just as mutations will be next year.



Tue, 05/24/2011 - 08:06 | 1304503 A Man without Q...
A Man without Qualities's picture

What's new is that they have finally admitted it.  The picture in the article is pretty astonishing....

Tue, 05/24/2011 - 08:05 | 1304498 Alex Kintner
Alex Kintner's picture

What, TEPCO lied?! No never! Not buying it.

And to put another lie to rest, the Japanese are not killing whales for sushi. They are researching whales to save them. Ok, admittedly they have to kill about a 1000+ whales a year to do their studies. But seriously, you can only get 20 tons of tissue samples from a single whale. They have to kill thousands.

Tue, 05/24/2011 - 10:02 | 1304811 Urban Roman
Urban Roman's picture
  1. Apparently two of the units suffered earthquake damage which would have caused the meltdowns, fires, and explosions witnessed so far -- before the tsunami knocked out emergency cooling
  2. The melted fuel is not covered in water. Water does not exest at those temperatures.
  3. They don't know exactly where the fuel is; it has almost certainly penetrated the bottom of the containment vessel
  4. There have been sputtering returns to criticality, as shown by the presence of short-lived fission products in the spew
  5. On a long enough time line, this sort of accident is inevitable in any GE Mark-1 BWR.


Tue, 05/24/2011 - 07:53 | 1304482 Sudden Debt
Sudden Debt's picture

Looks like a good day AGAIN.

But that doesn't mean markets go down.



Tue, 05/24/2011 - 07:55 | 1304489 Alex Kintner
Alex Kintner's picture

What?! No link to a story about finding DSK's DNA on the maid's clothes?

Hey, he was obviously framed! The maid milked his jizz while he slept, then smeared it on her panties to fake a rape. It's sooo clear he was framed. :-)

Tue, 05/24/2011 - 08:23 | 1304531 taraxias
taraxias's picture

No one said he didn't do it, or that he is innocent in this. Some inquiring minds though are asking the questions, what were the circumstances surrounding this "event", why now, and why was it treated the way he was?

I did say "inquiring minds" so by definition that excludes you Alex.

Tue, 05/24/2011 - 08:35 | 1304548 Alex Kintner
Alex Kintner's picture

Whoa, that was mean. You really hurt my feelings.

Ok, if someone wanted to 'get DSK out of the way', why wouldn't they just send a hit-woman dressed as a maid with a 44 caliber. No instead, they bribe an existing maid to lure DSK into raping her. So lucky they found a maid willing to take one (up the arse) for the team.

Tue, 05/24/2011 - 08:42 | 1304565 taraxias
taraxias's picture

You're too sensitive.

At least you asked "why", that's an improvement.

Amazing how "lucky" someone can get if they are willing to stuff someone else's pockets with money.

Just saying....

Tue, 05/24/2011 - 08:24 | 1304533 taraxias
taraxias's picture

double post

Tue, 05/24/2011 - 08:10 | 1304506 Dolemite
Dolemite's picture

Has crude oil just completed a dead cat bounce?

Tue, 05/24/2011 - 08:11 | 1304509 bullchit
bullchit's picture

"Bullard Says Fed May Keep Rates, Balance-Sheet Steady to Assess Economy"

Read.....Frozen in the headlights.


Tue, 05/24/2011 - 08:32 | 1304536 Dick Darlington
Dick Darlington's picture

And here is Spiegel telling a fine little story abt the europonzi. Enjoy!


Tue, 05/24/2011 - 08:49 | 1304589 overmedicatedun...
overmedicatedundersexed's picture

often wonder if Guru Buffett has had multiple rapes in his resume, much like DSK, those elites in Finance and Industry really are that amoral and sociopathic..only the ones marked for destruction get the light of day(sorry Spitzer you putz)..DSK you attacked the FRN and now you are outed..all the public leaders have been selected for one major characteristic..they all have skeletons and character faults that make them easily controllable..brilliant of the elites don't you agree.

Tue, 05/24/2011 - 14:42 | 1306115 Miles Kendig
Miles Kendig's picture

China supporting Lagarde is no surprise.  The surprise would be IF the US can muster the vision & diplomacy, economic and otherwise, and place a Brazilian in the #2 spot as a h/t + to emerging economies (with the natural follow on conditions within the IMF as it is essentially split into two).

Highlights at 11

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