Nuclear Power

Why Is The U.S. Embracing Iran - Again!?

America is apparently bent on repeating -- yet again -- the historic wrong turn it took in 1979 by once again embracing the radical Islamic regime in Iran. Why would the U.S. administration think doing the same thing again will have a different outcome?

Frontrunning: June 23

  • ‘Brexit’ Vote: U.K. Heads to the Polls in Historic Referendum on EU Membership (WSJ)
  • The Brits Have No Good Options on Europe Vote (BBG)
  • Stocks Rise With U.S. Futures as Pound Gains While U.K. Votes (BBG)
  • Trump and Clinton Place Bets to Woo Undecided Voters (BBG)
  • China brushes off doubts over support on South China Sea, says it is growing (Reuters)

TEPCO Admits Cover-Up Of Fukushima Meltdown

The president of Tokyo Electric Power Company has admitted the company concealed the reactor meltdowns at its Fukushima Daiichi nuclear plant immediately after the March 2011 earthquake and tsunami. "I would say it was a cover-up," Hirose told a news conference. "It's extremely regrettable."

The State Department's Collective Madness

Over the past several decades, the U.S. State Department has deteriorated from a reasonably professional home for diplomacy and realism into a den of armchair warriors possessed of imperial delusions, a dangerous phenomenon underscored by the recent mass “dissent” in favor of blowing up more people in Syria. The neocons and liberal hawks who control the State Department – and are eagerly looking forward to a Hillary Clinton presidency – will never stop coming up with these crazy notions until a concerted effort is made to assess accountability for all the failures that that they have inflicted on U.S. foreign policy. Until then, the madness will continue and only grow more dangerous.

Tensions Between US/NATO & Russia Are Flaring Dangerously

As if there weren’t enough crises to worry about in the world already, from shooting rampages to accelerating species loss, the US and NATO continue to ‘poke the bear’ and risk an outbreak of war with Russia.

About Those Carbon Emissions

Ever since the discussions on how to address "manmade global warming" started to gain traction in the 1990s trillions of dollars have been spent on infrastructure, subsidies, R&D, regulations, trading schemes and even political organizations with the explicit intent of reducing greenhouse gas emissions. Alas, the world has changed considerably since the 1990s. Rather than diminishing, carbon emissions have actually increased by a great deal. Developing countries as a whole are now the #1 emitter. And many OECD (mostly developed) countries are trying to manage very difficult fiscal positions. In fact, the only thing that seems to have remained constant is the strategy on how to reduce emissions globally.

Special Forces Insider Warns Of Serious Civil Unrest This Summer: "Everything Is Right For Things To Go Very Wrong"

"For civil unrest to happen you have to have a bunch of little things that set up for the perfect situation. People are so emotionally involved in this Presidential election right now… and finally realizing there is something wrong with our country... the eyes are open... we know that something’s not right. We have a perfect conducive environment for some serious problems... you think riots in Missouri were bad? Just wait until July... wait until August. The trench has been dug and it is full of accelerants..... everything is right for things to go very wrong."

Only In France..."The Right To Disconnect"

Vowing to intensify their action to overturn an unpopular labor law, striking French union workers have already left hundreds of thousands of tourists stranded, gas stations empty, and nuclear power plants stretched. However, as low-skilled American workers fall foul of minimum wage blowback, the French parliament - despite Prime Minister Valls insistence that "France must show that it’s capable of reforming" - just passed new legislation making it illegal for your employer to send you an email outside of work hours.

Putin Vows Retaliation Over US Missile Shield; Warns Poland, Romania Now In The "Cross Hairs"

during a joint press conference with Tsipras in Greece, Putin warned Romania and Poland they could find themselves in the sights of Russian rockets because they are hosting elements of a U.S. missile shield that Moscow considers a threat to its security. "If yesterday in those areas of Romania people simply did not know what it means to be in the cross-hairs, then today we will be forced to carry out certain measures to ensure our security."

Futures Levitation Continues As Brent Rises Above $50 For First Time Since November

In what has been another quiet overnight session, which unlike the past two days has not seen steep, illiquid gaps higher in US equity futures (the E-mini was up 3 points and accelerating to the upside as of this writing so there is still ample time for the momentum algos to go berserk), the main event was the price of Brent rising above $50 for the first time since November with WTI rising as high as $49.97.

France Goes Dark? Staff In 19 French Nuclear Power Plants To Go On Strike Tomorrow

Following strikes over the unpopular French labor reform, that started over the weekend and crippled the French refining industry leading to gasoline shortages and rationing, things are about to get far more serious for the country whose economy has already been threatened with a sharp slowdown as a result of a relentless wave of labor unrest. According to Reuters, staff in France's 19 nuclear plants - which by definition we assume is essential - have voted to go on strike on Thursday as part of protests over a labour reform, according to a CGT union official.