When the words "mothballed", "nuclear", and "never been done before" are seen together with Japan in a sentence, the world should be paying attention...
Obama failed: in the aftermath of the 2012 Newtown, CT school massacre which left 26 unarmed, defenseless people dead, the president pushed as hard as he could to pass legislation that would enact strict gun control and further limit the applicability of the Second Amendment. Not only did he not succeed, but according to a 2014 Pew Research Poll there has been a 9% rise in the number of Americans who think gun ownership could "protect people from becoming victims of crime."
Here we now call market deflation by the sobriquet “volatility”, as in “major market indices suffered from volatility today, down almost one-half of one percent”, where a down day is treated as something akin to the common cold, a temporary illness with symptoms that we can shrug off with an aspirin or two. You can’t be in favor of volatility, surely. It’s a bad thing, almost on a par with littering. No, we want good things and good words, like “wealth effect” and “accommodation” and “stability” and “price appreciation”. As President Snow says in reference to The Hunger Games version of a political utility, “may the odds be always in your favor”. Who doesn’t want that?
Ronald Reagan is surely rolling in his grave. He is credited for much that he didn’t actually accomplish on the economic front, but his most singular real victory - decisive repudiation of the Keynesian macro-economic policy model that had produced stagflationary havoc for more than a decade - overshadows all his fiscal failures and the urban legend that he actually tamed Big Government. Needless to say, however, that 35-years ago repudiation has now been itself completely repudiated by the keynesian apparatchiks who presently rule the Eccles Building. This week Janet Yellen was at it again, displaying outright contempt for the Gipper’s crowning achievement.
Containers holding contaminated water at the crippled Fukushima nuclear power plant are at risk of hydrogen explosions, The Telegraph reports, with 10% of them found to be leaking. The discovery was reported to the Nuclear Regulation Authority (NRA), which raised concerns surrounding the potential hazards of accumulated hydrogen building up in the containers warning that "a spark caused by static electricity could cause a container to explode." TEPCO officials reassuringly note that they "think the possibility of an occurrence of hydrogen explosion from these storage facilities is extremely low, since there is no fire origin, or anything that generates static electricity nearby," but this is the same company that a recent IAEA report blasted for "failing to implement adequate safeguards at Fukushima – despite being aware of the tsunami risk."
After Spate of Mass Shootings, Americans Turn Pro-Gun
In spite of the landmark decision 80 years ago against the imposition of economic fascism in America, the U.S. government has continued to grow in power over the American people. But it should be remembered that men of courage, integrity, and principle can stand up to Big Brother and resist the headlong march into economic tyranny. That unanimous Supreme Court decision in 1935 was one bright example of it.
With the Fed supposedly steeling itself at last to remove a little of its emergency ‘accommodation’, it has suddenly become fashionable to warn of the awful parallels with 1937 as an excuse The Fed must not act today. We strongly refute the analogy. Instead, the real Ghost of ’37 takes the form of mean-spirited and, counter-productive 'pitchfork populism' politics and the spectre should not be conjured up to excuse the central bank from further delaying its overdue embarkation on the long road back to normality and policy minimalism.
Alongside the Draghi presser, the ECB moments ago the terms and conditions of its Q€, or as the ECB calls it, the "public sector purchase programme (PSPP)" Here are the full details and the Q&A.
Previously, the Obama administration attempted unsuccessfully to ban the AR-15. That didn’t work, so now Obama is going after the ammunition. This is yet another example of the war on preppers that is going on all over the nation. Whether you are a gun owner or not, this assault on our constitutional rights should disturb you greatly.
Japan Reacts to Worsening Fukushima Disaster By ... Reopening Nuclear Plant Next to Active Volcano Which Is About to BlowSubmitted by George Washington on 10/29/2014 14:01 -0400
UPDATE: *JMA ISSUES TORNADO WARNINGS IN TOKYO AREA, IZU ISLANDS, AS TYPHOON PHANFONE MAKES LANDFALL AT JAPAN'S SHIZUOKA, JMA SAYS
With 1 US airman dead and 2 missing, Super Typhoon Phanfone has already wreaked havoc in its doom-strewn approach of Japan, but as RIA reports, the Tokyo Electric Power Company (TEPCO), has revealed that the approaching typhoon could hit the damaged, decommissioned 40-year old nuclear power facility at Fukushima. Rather stunningly, The Japan Times reports tidal waves from the storm are likely to reach a maximum height of 26.3 meters or more (compared to the 2011 tsunami which reached a height of 15.5 meters when it hit the plant). Due to the expected 'mingling' of contaminated and Typhoon-driven ocean water, TEPCO admits 100 trillion becquerels of cesium to escape; Japan’s Nuclear Regulation Authority (NRA) plans to verify the accuracy of TEPCO's estimate and the "appropriateness" of countermeasures being taken.
According to Piers, this is breaking news. Which, incidentally, may explain not only his show's abysmal ratings, but why he is now unemployed.
BREAKING NEWS: I am no longer a @CNN employee.
— Piers Morgan (@piersmorgan) September 2, 2014