Nuclear Power

Tyler Durden's picture

TEPCO Doubles Hazard Pay For Fukushima Workers





The operator of Japan's wrecked Fukushima nuclear plant will double the pay of contract workers as part of a revamp of operations at the station, after coming under criticism for its handling of clean-up efforts. Reuters reports, hazard pay for the thousands of workers on short-term contracts will be increased from 10,000 yen ($100) to 20,000 yen a day, Tokyo Electric Power Co said in a statement on Friday. The plan released on Friday also lays out improvements to the management of hundreds of thousands of tonnes of contaminated water building up, which comes from groundwater mixing with coolant poured over melted uranium rods. All of this as the riskiest phase of the decommissioning of Fukushima begins soon...

 
Tyler Durden's picture

Fukushima Debris "Island" The Size Of Texas Near US West Coast





While it took Japan over two years to admit the Fukushima situation on the ground is "out of control", a development many had predicted for years, a just as important topic is what are the implications of this uncontrolled radioactive disaster on not only the local environment and society but also globally, particularly Japan's neighbor across the Pacific - the US. To be sure, there has been much speculation, much of it unjustified, in the past two years debating when, how substantial and how acute any potential debris from Fukushima would be on the US. Which is why it was somewhat surprising to see the NOAA come out with its own modeling effort, which shows that not only "some buoyant items first reached the Pacific Northwest coast during winter 2011-2012" but to openly confirm that a debris field weighing over 1 million tons, and larger than Texas is now on the verge of hitting the American coastline, just west off the state of California.

 
testosteronepit's picture

Japan’s Most Hated Outfit, TEPCO, Reports Fat Profit (From Taxpayer Bailout Money)





The bailed-out owner of the Fukushima nuke, famous for its lackadaisical handling of the fiasco and its stinginess with the truth, reported earnings. It was a doozie.

 
ilene's picture

Fukushima Amplifies Japanese Energy Import Dependence





Higher energy costs in Japan have not turned consumer opinion back in favor of nuclear power.

 
George Washington's picture

Fukushima Is Here





Radiation Levels Will Concentrate in Pockets at Certain  West Coast Locations

 
Tyler Durden's picture

7.3 Magnitude Earthquake Hits Japan - Tsunami Warning Issued For Fukushima





UPDATE: Tepco Orders Evacuation of Fukushima Power Plant Workers

A 7.3 (according to USGS) magnitude earthquake just struck 311 miles ENE of Tokyo at a depth of 10km. The Pacific Tsunami Center has issued a warning and VOA reports a 1-meter high tsunami could hit Fukushima coast at 02:40 local - 1340ET)....

 
Tyler Durden's picture

Guest Post: The Sixth Stage Of Collapse





In his last book, The Five Stages of Collapse, Orlov viewed collapse through rose-colored glasses - after all, it is human nature to try to be optimistic no matter what; and so almost subconsciously crafted a scenario where industrial civilization fades away quickly enough to save what's left of the natural realm, allowing some remnant of humanity to make a fresh start. Ideally, it would start of with a global financial collapse triggered by a catastrophic loss of confidence in the tools of globalized finance. That would swiftly morph into commercial collapse, caused by global supply chain disruption and cross-contagion. As business activity grinds to a halt and tax revenues dwindle to zero, political collapse wipes most large-scale political entities off the map, allowing small groups of people to revert to various forms of anarchic, autonomous self-governance. Those groups that have sufficient social cohesion, direct access to natural resources, and enough cultural wealth (in the form of face-to-face relationships and oral traditions) would survive while the rest swiftly perish. Of course, there are problems even with this scenario.

 
Tyler Durden's picture

TEPCO Admits To Finding Radioactive Cesium 1Km Off Coast Of Fukushima





The dismal news keeps coming for the Fukushima nuclear power facility. According to NHK World, TEPCO is admitting to detecting radioactive cesium about one kilometer off shore. While the level is low, it is the secoond time radioactive substances have been found that far offshore and it is believed to be from wastewater leaking out with the groundwater. The company, reassuringly, says the leak poses no environmental risk... As if that was not enough, Bloomberg reports TEPCO also found high levels of radiation in the drainage ditches and wells at the site. Of course, this will likely be met with cries of delight by Abe who will "need to build a bigger wall" to contain the leaks and thus create a Keynesian utopia from the 'broken nuclear plant fallacy' that is ongoing.

 
Tyler Durden's picture

When Hyman Minsky Runs For The Hills: Japan Central Bank To "Own" 100% Of GDP In 5 Years





The Bank of Japan will, for the first time in history, "own" all of Japan's GDP on its balance sheet some time in 2018 when its "assets" as a percentage of GDP surpass 100%, and then proceed in linear fashion to add about 10% of GDP to its balance sheet with every passing year until everything inevitably comes crashing down.

 
williambanzai7's picture

ANTi-RaDiaTioN UNDeRWeaR...





That's right, you heard what I said...Anti-Radiation Underwear!

 
Tyler Durden's picture

Frontrunning: October 18





  • Republican Civil War Erupts: Business Groups v. Tea Party (BBG)
  • Budget fight leaves Boehner 'damaged' but still standing (Reuters)
  • Madoff Was Like a God, Wizard of Oz, Lawyers Tell Jury (BBG) - just like Bernanke
  • Republicans press U.S. officials over Obamacare snags (Reuters)
  • Brilliant: Fed Unlikely to Trim Bond Buying in October (Hilsenrath)
  • More brilliant: Fed could taper as early as December (FT)
  • Russia Roofing Billionaires Seen Among Country’s Youngest (BBG)
  • Ford's Mulally won't dismiss Boeing, Microsoft speculation (Reuters)
  • China reverses first-half slowdown (FT)
  • NY Fed’s Fired Goldman Examiner Makes Weird Case (BBG)
 
Tyler Durden's picture

Fukushima Beta-Radiation Levels Soar To New Record In Aftermath Of Typhoon Wipha





It is only fitting that on the day the Stalingrad & Poorski 500 rises to a new record high, that that other centrally-planned catastrophe, the exploded Fukushima nuclear power plant, in the aftermath of Japan's Radioactivetyphoonado reports a completely different record: namely the level of beta radiation levels at Fukushima. Bloomberg notes that the nationalized utility Tepco, which has taken denial to a different superstring dimension altogether, has detected beta radiation levels of 400,000 becquerels per liter in a water sample taken yesterday from a monitoring well near storage tank area H4 at Fukushima Dai-Ichi nuclear plant. This was the highest reading on record. This number compares to Beta radiation levels of 61 Bq/L in the sample taken Oct. 16 and 90 Bq/L in the Oct. 15 sample.

 
Tyler Durden's picture

Radioactivetyphoonado: Watch As "Once In A Decade Storm" Batters Fukushima





While the broader public's attention continues to be distracted by the circus that America's legislative and executive branches have become (an expected development at a time when the monetary branch reigns supreme), the real, non-scripted and truly devastating catastrophe continue to unfold in Japan, and specifically in Fukushima, where both TEPCO and the government have long since lost control of the worst nuclear disaster in history. However, in addition to the now usual daily spills of hundreds of tons of radioactive coolant into the environment, a potentially far more dangerous situation which may lead to an even greater loss of contaiment is taking place right now as both the destroyed nuclear plant and soon Tokyo are about to be buffeted by Typhoon Wipha - a "once in a decade storm."

 
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