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Japanese Government Backtracks Again: Edano Says No Plan To Nationalize TEPCO

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Mon, 03/28/2011 - 21:32 | 1111110 LostWages
LostWages's picture

So sorry for confusion.  JK, LOL ;-)

Only glowing reports for TEPCO.

Mon, 03/28/2011 - 22:06 | 1111248 carbonmutant
carbonmutant's picture

Spin Test....

Mon, 03/28/2011 - 21:31 | 1111113 SwingForce
SwingForce's picture

Gawdamm assholez.....

Mon, 03/28/2011 - 21:44 | 1111115 Atomizer
Atomizer's picture

If I had a dollar hedged for everytime I heard this.

The Power of Nightmares - 3 of 3 - The Rise of the Politics of Fear - The Shadows in the Cave


Mon, 03/28/2011 - 21:48 | 1111195 Lord Welligton
Lord Welligton's picture

It works every time.

Fear. Of what?

Your own ignorance.

We are all ignorant and "they" who also are ignorant know it.

So "they" use it.

The thing being that "they" know that "they" are ignorant and know the "we" think "we" are not.

So they offer "us" ignorant choices.

And "we" make decisions based on ignorance.


Mon, 03/28/2011 - 23:01 | 1111421 Atomizer
Atomizer's picture

Lord Wellington,

Your comment made my head spin. It looks like Google nicked this sometime this weekend. Have another read


This weekend post


I can't tell you how long Obama will remain POTUS. I can tell you, he is breaking laws.

Obama, if your reading this. Your being set up as a low class Muslim/Negro stealing from the US peasants. Your very own PC agenda will backfire on you. It's all by design. One day in the near future, you're going to be made a mockery by your own boss... Georgy. In the meantime, take another vacation cuz your days are tits up.

Congress is not going to be kind to you. Your lie on TV tonight didn't fool anyone. You've broke too many US laws to avoid legal consequences. Do you think you have the courage to tell the public the truth or are you going to be silent during removal from office?

This is no longer about front/back seat drivers. You have a fork in the road; Mr. Obama, what is your path?

Mon, 03/28/2011 - 23:15 | 1111469 Lord Welligton
Lord Welligton's picture

"Your comment made my head spin."


I had to spin my head to make it.

Mon, 03/28/2011 - 21:32 | 1111120 f16hoser
f16hoser's picture

Apparently Buffet had something to say. "Turn those machines back on"

Mon, 03/28/2011 - 21:33 | 1111135 JohnnieWalker
JohnnieWalker's picture

This is the only bit of good news TEPCO has heard lately. The situation is going from bad to worse:



Mon, 03/28/2011 - 21:39 | 1111154 espirit
espirit's picture

After reading the article, I wonder what levels of plutonium are considered hazardous to human health?


Mon, 03/28/2011 - 21:49 | 1111200 Matte_Black
Matte_Black's picture

"...bad to worse."

I guess it's just semantics, but it seems to me like it's going from catastrophic to apocalyptic.

If the Japan gov can move this quickly in order to calm market turbulence, why can't it seem to do so with the the Daiichi plant?


Mon, 03/28/2011 - 21:58 | 1111221 Careless Whisper
Careless Whisper's picture

gov sez that plutonium can't hurt you, but marijuana can.

Mon, 03/28/2011 - 22:12 | 1111262 UninterestedObserver
UninterestedObserver's picture

No that was TRAV 

Mon, 03/28/2011 - 22:15 | 1111272 Matte_Black
Matte_Black's picture

There's a punchline in there somewhere. I just cant decide if it's about 'gateway' drugs to apocalypse, or transfats, or childhood obesity.

Otoh, maybe I'm wrong and the punchline was the word 'government'.

Mon, 03/28/2011 - 22:18 | 1111280 Oligarchs Gone Wild
Oligarchs Gone Wild's picture

It looks like the Japanese have also restored the major transit infrastructure - claiming 90% up and running now?  I believe I also heard today that Sendai was also handling traffic today, but this article says it's not...

TOKYO (Nikkei)--Almost 90% of major land, sea and air transportation networks disrupted by the March 11 earthquake have been restored, according to Transport Ministry data.

Save for Sendai's tsunami-swamped airport, all 12 airports in the region are back in operation, including for public use. The Hanamaki, Yamagata, Fukushima and other airports are open around the clock to handle Self-Defense Forces and U.S. military transport planes.



Mon, 03/28/2011 - 22:23 | 1111297 Oligarchs Gone Wild
Oligarchs Gone Wild's picture

This article claims that Sendai airport is actually open and moving goods.  Perhaps it's only open for relief efforts and not public use.




Mon, 03/28/2011 - 21:33 | 1111136 espirit
espirit's picture

I smell a meltdown.

Mon, 03/28/2011 - 22:03 | 1111233 ZackAttack
ZackAttack's picture

And all these reactors were supposed to be either idle or in cold shutdown.

Mon, 03/28/2011 - 21:34 | 1111137 Arch Duke Ferdinand
Arch Duke Ferdinand's picture

27 Signs That The Nuclear Crisis In Japan Is Much Worse Than Either The Mainstream Media Or The Japanese Government Have Been Telling Us


Mon, 03/28/2011 - 21:34 | 1111140 buzzsaw99
buzzsaw99's picture

TOKYO (Nikkei)--Nikkei Inc. will reconfigure the stocks used to calculate the Nikkei 500 index on March 29 and April 1. A total of 13 issues will be removed, and the same number will be added.

The components of the index are reshuffled every year based on turnover, trading value and market capitalization. In addition, some shares are set to be delisted due to the establishment of a holding company and other reasons.

Stocks to be removed on March 29:

Sanyo Electric Co. (6764)

Panasonic Electric Works Co. (6991)

Sumitomo Trust & Banking Co. (8403)

Stocks to be removed on April 1

Culture Convenience Club Co. (4756)

Godo Steel Ltd. (5410)

Nippon Metal Industry Co. (5479)

Tadano Ltd. (6395)

Star Micronics Co. (7718)

Cedyna Financial Corp. (8258)

Daiei Inc. (8263)

Kiyo Holdings Inc. (8415)

Okasan Securities Group Inc. (8609)

Fuji Fire & Marine Insurance Co. (8763)

Stocks to be added on March 29:

Fuji Oil Co. (2607)

Saizeriya Co. (7581)

Senshu Ikeda Holdings Inc. 8714


Stocks to be added on April 1:

Itoham Foods Inc. (2284)

Kyorin Co. (4569)

Nihon Kohden Corp. (6849)

Shin-Kobe Electric Machinery Co. (6934)

Nichicon Corp. (6996)

Toyota Auto Body Co. (7221)

Nipro Corp. (8086)

Ogaki Kyoritsu Bank (8361)

Sotetsu Holdings Inc. (9003)

Hitachi Transport System Ltd. (9086)


TEPCO not on list (YET)

Mon, 03/28/2011 - 22:12 | 1111265 Nobody special
Nobody special's picture

Kinda suggests where they expect to see gains, don't you think?

Mon, 03/28/2011 - 22:42 | 1111359 Matte_Black
Matte_Black's picture

I agree, and also where they expect to see losses. The one-two punch for market prosperity, I guess.

It's an interesting list, in any case.

Mon, 03/28/2011 - 21:35 | 1111145 max2205
max2205's picture

Damn it!!!! BTFD. arrrrgggg

Mon, 03/28/2011 - 21:38 | 1111149 Jim in MN
Jim in MN's picture

Clearly, we need to split it into 'Good TEPCO' and 'Bad TEPCO'


"Buy Bad TEPCO Liberty Flibbertygibbety Bonds: 'Cuz when we say toxic assets, we mean TOXIC!"

Mon, 03/28/2011 - 21:41 | 1111165 buzzsaw99
buzzsaw99's picture

That is the best idea I have heard all day.

Mon, 03/28/2011 - 21:39 | 1111153 Id fight Gandhi
Id fight Gandhi's picture

wow, this should make the markets rally. sounds like they got all the problems solved.



Mon, 03/28/2011 - 21:39 | 1111155 etudiant
etudiant's picture

This sterling performance by the Japanese political leadership helps explain their success in dealing decisively with the Fukushima accident.  Poor Japan.

Mon, 03/28/2011 - 21:39 | 1111156 Teamtc321
Teamtc321's picture

wtf...And just to think, the people of Japan and half the earth's health are in these 3rd stringer's hand's.

It's time to call in the gun's. Get some help over there asap.

"Sarc on" 

Where is the sierra club or green piece's of shit? Put some trash can boot's wrapped with 100 mile an hour tape on there berkanstock's and drop em in the zone.

Grab a mop and a suction hose bitcheeez.


This is starting to be unreal.....




Mon, 03/28/2011 - 21:38 | 1111157 Crummy
Crummy's picture

Before this disaster, I would have put Japan as one of the top five countries least likely to revolt.

Now I give it five years till it does.


Mon, 03/28/2011 - 21:46 | 1111189 Judge Judy Scheinlok
Judge Judy Scheinlok's picture

They only thing they're going to revolt about is the high cost of cemetery condos.

5 years!? Do you know what is going on over there? The makeshift force fed cooling systems are clogging up with salt. I give it 2 days till you hear about fireworks, and then 12 hours till you start to feel the effects.

Mon, 03/28/2011 - 22:13 | 1111270 Nobody special
Nobody special's picture

Let's not forget that the Fukushima 50 have been without sleep for two friggin weeks!  How much longer do you really think they can keep a lid on this?

Mon, 03/28/2011 - 21:39 | 1111161 Judge Judy Scheinlok
Judge Judy Scheinlok's picture

As SwingForce says; "I wish they'd stop monkeying around!".

It's all a game of desensitization.

Mon, 03/28/2011 - 21:46 | 1111185 Eireann go Brach
Eireann go Brach's picture

Either way it is bullish

Mon, 03/28/2011 - 22:10 | 1111261 Bubbles...bubbl...
Bubbles...bubbles everywhere's picture

"You dropped nuclear bombs on us, how do you like our radiation now round eye?

Tue, 03/29/2011 - 05:26 | 1111922 arnogn143
arnogn143's picture


Mon, 03/28/2011 - 21:52 | 1111203 djsmps
djsmps's picture

Don't worry about a tsunami, we will study....Warning Warning Tsunami Coming!

Radiation-san is 10 million times normal....We don't know about that, we will study

We are nationalizing TEPCO....you press-san very funny people, not true, we will study

Mon, 03/28/2011 - 21:52 | 1111204 Oligarchs Gone Wild
Oligarchs Gone Wild's picture

Smoke rising today from NH USA Nuclear plant

Meanwhile,  back in "facts-are-too-much-for-you-to-comprehend-WEST" we see that an "unusual event" has occurred at a NH nuclear power plant a few hours ago.  Apparently this is only the 2nd or 3rd of these "unusual events" in 30 years, so we need not fret about said details.

Van Dongen said only two or three such "unusual events" have been reported since the plant began operating in 1990.


Mon, 03/28/2011 - 21:54 | 1111209 Matte_Black
Matte_Black's picture

From the article:

"Smoke was detected in a transformer attached to a service elevator in a support building at Seabrook Station in Seabrook, said Jim Van Dongen, spokesman for the state's department of safety.

Mon, 03/28/2011 - 22:03 | 1111234 Oligarchs Gone Wild
Oligarchs Gone Wild's picture

Agreed.  I read the article too fast.  Transformers do blow, they are in service elevators and that can certainly cause smoke such as reported.   Because my redacting abilities are now disabled, I want to be on record as concurring, thanks for the correction.

Mon, 03/28/2011 - 22:06 | 1111243 Matte_Black
Matte_Black's picture

No worries, brother. I wasn't criticizing you.

From what we've seen in the past two weeks, the place could be well on its way to a level 4 accident, and this is just the later-to-be-corrected bullshit part of the spin cycle.

It has become clear that the plant operators aren't always being honest. Right?

Mon, 03/28/2011 - 22:09 | 1111256 whoopsing
whoopsing's picture

Ahh,I would'nt worry too much about that one Matte,that shit can fry anytime.it does'nt sound that bad

Mon, 03/28/2011 - 22:21 | 1111287 Matte_Black
Matte_Black's picture

Yeah, thnaks. I know.

I just wanted to archive what they were saying in case we hear another story later. Probably just feeling paranoid about the issue of corporate/gov. disclosure lately... a little.

: )

Mon, 03/28/2011 - 21:57 | 1111214 Jim in MN
Jim in MN's picture

That's a nice plant.  $6.5 billion to build, and $1.2 more for the unfinished pile of concrete and rebar next to it (unit 2).  A happy tale all around.

When I first toured it they had a little yellow rope around the turbine block as they had accidently allowed the cooling water to mix with the steam cycle and irradiated the entire thing.  The little rope was where you couldn't go, a month or so later.

No biggie in the biz...but be sure to wear your ear protection!  WHAT????

Mon, 03/28/2011 - 22:03 | 1111235 Matte_Black
Matte_Black's picture

Some of these anecdotes you hear are very disturbing. I seriously wonder how often things go wrong with nuclear fission in the US, and we never hear about it.

Tue, 03/29/2011 - 02:43 | 1111807 Ahmeexnal
Ahmeexnal's picture

Relax, it was just a couple of dudes charbroiling their tacos on the plant's premises.


Mon, 03/28/2011 - 21:59 | 1111212 bob_dabolina
bob_dabolina's picture

You want to see trav7777 at his finest?

Starting here at this comment:


He says "Do you want the facts or dont you?"

I respond "I want the facts"

He says " I won't speculate without the facts"

What the fuck is that?

From this thread:


This is the bullshit I'm sick of.

Little fuckin' bitch pretending to be an expert.

Mon, 03/28/2011 - 22:01 | 1111228 i-dog
i-dog's picture

I'm sick of you bitching about Trav! Do you spend your whole life telling tales? Do we look like your mom?

Mon, 03/28/2011 - 22:08 | 1111242 bob_dabolina
bob_dabolina's picture

Did I ask you a question?.... bitch

If not STFU

Mon, 03/28/2011 - 22:18 | 1111283 Nobody special
Nobody special's picture

If you're gonna complain, you'll get flack for it.  Accept that some would prefer you shut the gap in your face.  I'm with 'the bitch.'

Seriously dude, you need a time out.

Do NOT follow this link or you will be banned from the site!