As Moscow and Seoul throw their support behind China's Asian Infrastructure Investment Bank, the question is no longer about the end of dollar hegemony but rather about the extent to which the new venture will be used to institute a global shift towards the yuan.
Russia is once again ratcheting up the rhetoric, this time to a fever pitch. Just a day after Putin’s Security Council posted a remarkably accurate and amusingly concise assessment of US foreign policy aims on its website, a spokesman for the Russian Foreign Ministry as well as President Putin himself are out with strong condemnations of both the NATO presence in Eastern Europe as well as US plans to arm Kiev.
While fear still lingers of a nuclear catastrophe on a similar scale as Fukushima, or earlier accidents such as Three Mile Island or Chernobyl, that hasn’t stopped a slew of countries from moving forward on plans to develop nuclear plants as an adjunct to existing power sources like hydro, coal, natural gas and good ol’ oil. Especially in developing countries that lack access to fossil fuels, nuclear is seen as a viable and cost-effective form of baseload power.
In recent years we have seen an increasing number of Americans strategically relocate to another region of the country. They can see our society breaking down and they can see the storm clouds on the horizon and they want to do what they can to prepare themselves and their families for what is ahead. So is there a “best place to live” in the United States? Are there some areas that are preferable to others? The following are 9 maps to consider...
In the same week as Japan unveils its Pacific-Rim-esque anti-tsunami wall public works project, and Japanese government auditors say the operator of the Fukushima Dai-ichi nuclear plant has wasted more than a third of the 190 billion yen ($1.6 billion) in taxpayer money allocated for cleaning up the plant after it was destroyed by a March 2011 earthquake and tsunami; Science Journal reports, Fukushima won't be truly safe until engineers can remove the reactors' nuclear fuel. But first, they have to find it... And so, in February of this year two muon detectors were installed outside the Fukushima Daiichi unit-1 ruins at reactor vessel height for the purpose of finding that ‘missing’ reactor fuel.
One person who was obviously delighted by the latest Clinton scandal is her main Republican competitors, Jeb Bush, whose camp on Monday was quick to pounce on the email scandal, while also invoking the farcical IRS Lois Lerner "excuse" that emails were lost due to failed hard drives: "Hillary Clinton should release her emails. Hopefully she hasn’t already destroyed them,” Bush spokeswoman Kristy Campbell said. But while one could ascribe victory to the Florida republican in this latest scrimish, the real victor of this spat between the so-called "left" and "right" is the firm that stand to benefit no matter who wins: Goldman Sachs.
While faith in Japanese 'economics' is starting to falter (borne out by the split in the BoJ and endless macro data disappointments), trust in TEPCO and its governmental operators must be about to hit a new record low. Having promised and given up on the ice-wall strategy to stop radioactive water leaking into the ocean, Bloomberg reports TEPCO officials have admitted that it’s investigating the cause of a spike in radiation levels (23,000 becquerels/liter vs the legal limit of 90) in drainage water that it believes subsequently leaked into the Pacific ocean from the wrecked Fukushima nuclear power plant. The bigger problem, as NBC reports, TEPCO failed to report the leak for 10 months!
Learning the Facts Will Help Protect You From Heart Disease, Stroke ... And Stupid Trades
While it is unclear if it is directly related to the recent surge in tectonic activity, overnight another radioactive water leak in the sea was detected at the crippled Fukushima nuclear plant, the facility’s operator TEPCO announced. Contamination levels in the gutter reportedly spiked up 70 times over regular readings. The levels of contamination were between 50 and 70 times higher than Fukushima’s already elevated radioactive status, and were detected at about 10 am local time (1.00 am GMT), AFP reported. After the discovery, the gutter was blocked to prevent leaks to the Pacific Ocean.
"We don't want to scare everybody, but we are preparing for full-scale war," warns Vadym Prystaiko - Ukraine's deputy foreign minister - telling CBC during a stunning interview that "what we expect from the world is that the world will stiffen up in the spine a little." Prystaiko concludes, "we would like [The West] to send lethal weapons to Ukraine... weapons to allow us to defend ourselves."
It appears, while Washington continues to proclaim they have single-handedly 'isolated' Russia and crushed its economy, nations around the world continue to want to do business with Putin and his nation...
*SISI: RUSSIA, EGYPT AGREE ON FREE TRADE ZONE W/ EURASIAN UNION
*SISI STRESSES IMPORTANCE OF MILITARY COOPERATION W/ RUSSIA
Judging by the images of welcome on the streets of Cairo, the people of Egypt are anything but looking to 'isolate' Russia... even after the US "bailed them out" and they still have US-taxpayer-backed guaranteed bonds.
"We’ve read a lot of silly articles since oil prices started falling about how U.S. shale plays can break-even at whatever the latest, lowest price of oil happens to be. Doesn’t anyone realize that the investment banks that do the research behind these articles have a vested interest in making people believe that the companies they’ve put billions of dollars into won’t go broke because prices have fallen? This is total propaganda."
Two days ago we reported of the odd coincidence of a 2nd emergency shutdown at Ukraine's Zaporozhye Nuclear reactor - Europe's largest nuclear power plant - following our earlier fears of disinformation. Today, we get information of a leaked report sourced from three different place - unconfirmed for now (but RT is trying to verify) - that Ukrainian nuclear scioentists misled the public and a radioactive leak has been detected - citing the country’s emergency services claiming that levels of radiation are 16.3 times the legally permitted norm.
Following a reported "minor" accident three weeks ago, Ukraine's Zaporizhia nuclear power plant, Europe's largest and the 5th biggest in the world, was shutdown. The 'glitch' it appears has reoccurred as RT reports, one of the reactors at the Zaporizhia Nuclear Power Plant has automatically shut down. Causes are still being investigated.