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14 Mar 2011 13:53

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World: As Japan’s post-quake realities worsen, U.S. commits military aid

  • U.S. warships join Japanese relief effort: This is the USS Ronald Reagan aircraft carrier, which is currently aiding in relief efforts in Japan, serving as a fueling station for helicopters. The U.S. has several warships in position, with more to arrive in the coming days. This is welcome news, as the picture in Japan looks increasingly grim by the day; as we mentioned earlier, the government now believes a horrific 9,500 may have died in Otsuchi. This is a horrible reminder that for many Japanese citizens, what’s happening with the country’s nuclear reactors is yet a more abstract concern in the face of the massive, physical devastation that’s racked the land. We sincerely hope that our military can be of any and all assistance to the people of Japan. source

14 Mar 2011 11:07

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World: U.S. Navy: Officers helping in Japan exposed to radiation

  • 17 U.S. Navy personnel treated for low levels of radiation source
  • » But how … ? Apparently the officials were in Navy helicopters and flew through a plume of radioactive material let into the atmosphere by the Fukushima reactors. Yikes.

14 Mar 2011 10:48

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World: Fukushima evacuees: Reactor trouble completely unexpected

  • It said we had to go to the town hall to evacuate because there was trouble at reactor No. 1. I left with just my purse and the clothes I was wearing.
  • Fukushima nuclear plant employee Yoshiko Watanabe • Describing what happened when she found out the plant was first having trouble on Saturday. Since then, she and others have been sleeping on the floor at a school in the city of Iwaki.  She and other residents of Narahama are among the 200,000 people who have been forced from their homes by the situation at Fukushima. The town had no plan for anything like this and was caught off-guard. That’s because the reactor was made to withstand a quake, but not a tsunami. source

14 Mar 2011 10:28

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Biz, World: Japan quake: Tokyo’s main stock index lost lots of money today

  • 6.2% the drop in Japan’s Nikkei stock index today – the largest single-day drop since 2008
  • 4.88B the number of Tokyo Stock Exchange shares that changed hands – the most since World War II
  • $287B the stock exchange’s single-day loss in value; so much collective value, gone … wow source

14 Mar 2011 10:17

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World: Japan earthquake: Death toll likely in the tens of thousands

  • The situation here is just beyond belief, almost everything has been flattened. The government is saying that 9,500 people, more than half of the population, could have died and I do fear the worst.
  • International Red Cross Federation official Patrick Fuller • Describing the situation in Otsuchi, just one of the many towns hit by the earthquake in Japan. Death toll estimates are expected to far exceed 10,000 people, and thousands of bodies have already been found. Remember how we gave that warning about early death toll estimates? This was why.  source

13 Mar 2011 21:17

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Biz, World: After the Tokyo quake, stocks aren’t exactly doing so hot

  • 5% decline in Tokyo’s main stock index in its first few minutes source

13 Mar 2011 18:37

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World: Quick rundown: What happened at Fukushima’s Unit 1 reactor?

  • 1st Normal cooling measures failed at Fukushima’s Unit 1 reactor, so officials resorted to using seawater to cool the reactor vessel.
  • 2nd Pressure rose within the vessel, so operators released steam from the reactor in order to prevent an explosion.
  • 3rd Due to rising temperatures, the fuel rod casings reacted with the seawater, creating zirconium oxide and hydrogen.
  • 4th The hydrogen-rich steam then reacted with oxygen in the environment, which then caused a hydrogen explosion. source
  • » So, where are we at now? First of all, it’s important to note that this is only one of six reactors in Japan currently placed under states of emergency. That being said: operators at Fukushima’s unit 1 reactor are still frantically trying to cool the unit. The fuel rod casings and the seawater reacted with one another when the temperature reached around 2,200 degrees Fahrenheit; things could get really bad if and when the temperature hits 4,000 degrees. This would cause the uranium fuel pellets to melt, at which point they’d eat through the floor of the reactor vessel, then that of the building, and begin to escape into the environment. At the same time, the walls of the reactor vessel would melt into a “lava-like pile,” react with the remaining seawater, and cause an explosion bigger than the one that already occurred. This explosion would spread the radiation around the environment, and…well, yeah. That would be very bad. We’ll keep you posted as more developments come out.
 

13 Mar 2011 11:53

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World: Laymen’s terms: Fukushima withstood the quake, not the tsunami

  • Reactors have been designed with such [earthquake] concerns in mind, but preliminary assessments of the Fukushima Daiichi accidents suggested that too little attention was paid to the threat of tsunami. It appeared that the reactors withstood the powerful earthquake, but the ocean waves damaged generators and backup systems, harming the ability to cool the reactors.
  • A piece from the New York Times • Explaining what appears to have happened, calmly and simply, with the current nuclear crisis. Overall, the effect is that Japan’s precautionary methods for nuclear plants were successful in what they were designed to do. The problem is, the design of the Fukushima Daiichi nuclear plant didn’t anticipate something far different. Which is why the current situation has escalated. source

13 Mar 2011 11:32

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World: Japan could face some really big aftershocks very soon

  • 70% the chance that a large aftershock – 7.0 or higher – will hit Japan in the next three days
  • 50% the chance that a large aftershock will hit Japan in the three days following that source

13 Mar 2011 11:16

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World: Japan’s economy may struggle to bounce back from crisis

  • 1995 Despite the very large Kobe quake, which at a $100 billion was the costliest quake in history, Japan’s economy bounced back relatively quickly without any serious long-term effects. The quake killed 6,000 people in one fell swoop.
  • 2011 Japan has the largest public debt ratio for a country of its advanced makeup – double its $5 trillion GDP – and its economy was already struggling before the quake even happened. Plus, the nuclear trouble adds another dimension. source