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19 May 2011 23:47

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Biz, World: TEPCO’s fiscal year could be one of Japan’s worst ever

  • ¥1.5 trillion yearly loss possible thanks to Fukushima source
  • » That’s $18 billion dollars, guys: While many parts of Japan struggle to recover from March’s earthquake, TEPCO’s financial loss — part of the reason the company’s president, Masataka Shimizum, likely plans to step down —would be downright dramatic. When it announces earnings today, the loss could be absolutely insane. But it wouldn’t be a record. That dubious honor goes to Mizuho Financial Group, which lost ¥2.38 trillion ($20.3 billion) in a single fiscal year back in 2003. Meanwhile, TEPCO struggles with power outages, a nuclear meltdown, and huge radiation-related claims that could top ¥11 trillion ($134 billion). These factors combined — which won’t be one-time payments — may force Japan to take the power company over.
Posted by Ernie Smith • 0 Comments • Permalink

19 May 2011 21:46

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U.S.: E-mails: School struggled with Jared Lee Loughner’s demeanor

  • “It was just a little alarming, especially since I have been observing the way he carries himself.” That’s a student’s reaction to Jared Lee Loughner bringing a pocketknife to class. According to a series of e-mails released by Pima Community College today as the result of a legal case, the gunman in the Gabrielle Giffords shooting exhibited a very standoffish demeanor (including what’s described as an “evil” look), expressed extreme views and told one professor he would keep quiet to avoid expulsion from their class. The e-mails show a struggle to keep Loughner, a student that many students considered threatening, in line. “I keep coming back to the conclusion that we did the best we could, given legal counsel’s advice and the limited resources available to us,” wrote the school’s former college counselor, Cecilia Alter, in the days after the Giffords shooting. Loughner voluntarily left the school months earlier. source
Posted by Ernie Smith • 0 Comments • Permalink

19 May 2011 20:17

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World: Middle East tepid about Obama’s Arab Spring speech

  • Obama really had an opportunity to reshape and reframe the debate and … he gave it away. This speech was an opportunity to say to Arabs, ‘We as Americans made mistakes, we did not support democratic aspirations as much as we should have, but we’re going to do better.’ Obama didn’t say that.
  • Brookings Doha Center Director of Research Shadi Hamid • Approaching Obama’s Middle East speech today from an outside-looking-in angle. The problem he and others in the Middle East see? It didn’t offer a clear strong apology for American screw-ups nor a good reason for the cynical to give up their cynicism. Obama’s 2009 speech on the Middle East received a much different response, but many in the region feel that the president broke promises and acted too slow on the Arab Spring protests. We understand where they’re coming from, and agree … but unfortunately, the push Obama made for an Israel/Palestine split based upon the 1967 lines is as bold as the president will probably get, considering how divisive the issue remains among Americans. source
Posted by Ernie Smith • 0 Comments • Permalink

19 May 2011 18:32

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World: The scene of the tsunami at Fukushima Daiichi

  • TEPCO has released several photos of the catastrophic tsunami of March 11th, as it struck the Fukushima Daiichi Nuclear Plant. They are perhaps somewhat instructive, as they highlight the intense level of natural abuse the plant took that led to this ongoing crisis. source
Posted by Chris Tognotti • 0 Comments • Permalink

19 May 2011 17:35

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Politics: “A failure of basic coal mine safety procedures” at Upper Big Branch

  • I don’t know how you could have assembled a worse record than the record they have assembled in the last few years. It does not appear the culture has changed at Massey. That is most unfortunate.
  • Davitt McAteer, chair of the West Virginia Governor’s Independent Investigation Panel • Speaking on his examination and report about the deadly explosion at the Upper Big Branch coal mine, under the ownership of Massey Energy.  The full report, available here, is pretty damning — the subtitle of the report is, simply, “a failure of basic coal mine safety practices.” Said Senator Jay Rockefeller of West Virginia: “This report tragically reinforces that the disaster that took the lives of 29 men at Upper Big Branch last year was absolutely preventable. That will always be one of the most painful facts about this explosion.” source
Posted by Chris Tognotti • 0 Comments • Permalink

19 May 2011 17:18

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U.S.: Senate bill to expand offshore oil leasing fails

  • 42 “yes” votes in Senate vote to start offshore oil lease sales again source
  • » And 42 votes is, obviously, not enough. The Senate GOP brought this vote to the floor, and as it lost comfortably by eight votes, they probably considered it doomed to fail from the get-go. As such, this looks like a show vote, less designed to impact policy (though I’m sure the GOP wouldn’t have minded getting it through) than to court political favor. As increased offshore oil drilling would have minor if any effect on the domestic gas prices (global market and all that), this bill serves two goals: make people think Democrats are keeping gas prices high, and remind big oil that despite recent talk of stripping industry subsidies, the Republican Party still has their back.
Posted by Chris Tognotti • 0 Comments • Permalink

19 May 2011 16:26

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Politics: Jon Stewart dominates Bill O’Reilly’s own poll

  • Credit where credit is due: The O’Reilly Factor’s viewer polls always have a big stamp on the bottom that says “NOT A SCIENTIFIC POLL,” and that’s as true now as it was when we didn’t find their outcomes so amusing. That said, such a disclaimer also means O’Reilly and his people probably didn’t have to unleash this dispiriting (for him) result to the world. Just look at that map! Jon Stewart is one of the most convincing and talented talkers in the public eye, and it’s his willingness to have nuanced yet incisive debate with his ideological opposites that make him so. source
Posted by Chris Tognotti • 0 Comments • Permalink
 

19 May 2011 16:25

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U.S.: Israeli PM Netanyahu shoots down Obama’s border plan

  • “Indefensible”: So said Israeli Prime Minister Benjamin Netanyahu on one of the key, specific policy calls that President Obama made in his big Mid-East speech, namely that the borders of both an Israel and Palestinian’s border talks should start with on those present in 1967, before the Six Day War that saw Israel take control of the Gaza Strip, Sinai Peninsula, West Bank, and the Golan Heights. This was a surprise from Obama, and one that he had to know would rankle Israeli stalwarts. Netanyahu says that such a move would hurt Israeli security, and force them to abandon settlements within the Palestinian territories. source
Posted by Chris Tognotti • 0 Comments • Permalink

19 May 2011 14:51

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U.S.: Did the Unabomber tamper with Tylenol bottles 29 years ago?

  • cold case Seven people died after taking Tylenol laced with cyanide back in 1982. The case was never solved, but it was a big deal — it’s the reason medicines are tamper-proof now. Thanks to advances in forensic technology and new tips, the FBI is investigating the case again. There are a few suspects, but one is worth a double take.
  • suspect The FBI seems to think that the Unabomber might be a suspect. They asked for a DNA sample from him, and he said he would give it to them — provided his personal items weren’t auctioned off. The government has gone on with the auction, but something seems fishy here. Why would he bargain with his DNA? source
Posted by Justin Jones • 0 Comments • Permalink

19 May 2011 13:41

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World: Bin Laden: Technology replaces the need for cash rewards

  • $25 million reward for Bin Laden’s capture; no one’s getting it source
  • » Not unless they pay it out to a computer, anyway. U.S. officials are saying that no one directly gave the U.S. information that lead to Osama bin Laden’s capture, but instead attribute it to technology. They tracked Bin Laden’s most trusted courier through his cell phone, they found his compound by using stealth drones, and they’ll be keeping their money, thank you very much. If computers had feelings, they’d be devastated.
Posted by Justin Jones • 0 Comments • Permalink
 
 
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