Khalif Saed: The Voice of Libyan Professional Credibility

If there's an ammunition shortage, no one has told Khalif Saed. He was firing off a large machine gun welded to the back of a pick up truck, sending the contents of the heavy belt of bullets darting through the weapon and in to an empty sky. ...

Asked why he was shooting when the revolution's military leadership has appealed for discipline and its fighters not to waste ammunition, Saed said simply: "It's my gun."

Story here.

Too Bad Obama Wasn't Fully Vetted: Appearing To Be Credible Since 1961, or Thereabouts

President Obama told CBS News in an interview aired Tuesday night that the few rebel leaders American officials have met were "fully vetted, so we have a clear sense of who they are, and so far they're saying the right things, and most of them are professionals, lawyers, doctors, people who appear to be credible."


More here.

Pesky Fuel Rod

The Europeans have banned "The Simpsons" for its insensitive nuclear humor.

I kid you not:

Broadcasters in Germany, Australia and Switzerland have decided to ban or censor episodes of The Simpsons that poke fun at nuclear disasters in light of Japan's atomic emergency.

More here.

News Story Misidentifies Reactors in New Photos

The UK Daily Mail has been providing up to the minute coverage with excellent and timely photographs, which, sad to say, seems to have failed us this day.

It's not a quibble either, because the import of the article is that Reactor 2 has melted through its vessel, in the opinion, OPINION!, of the GE head of safety research when the reactor was installed. And he's been all over the British press, not just the Daily Mail, repeating that OPINION:

Richard Lahey, who was head of safety research for boiling-water reactors at General Electric when the company installed the units at Fukushima, told the Guardian that he believed nuclear fuel had melted and burned through the reactor floor in unit number two.

But try to accurately identify that reactor in these photos:

This photo's caption appears to be correct, but Reactor 2 appears to be the most intact.

This photo's caption appears to be incorrect. These are reactors four and three, not one and two.

Latest Radiation Figures in Tokyo, Fukushima City and Iwaki City Show Broad Declines

Some meltdown, huh?

The Wall Street Journal is reporting the following declining radiation measurements in Japan today:

Tokyo: 0.105 microsievert an hour. Normal is 0.035 microsievert an hour.

Fukushima City: 3.17 microsieverts an hour, compared to 5.85 microsieverts an hour a week ago and 22.90 microsieverts an hour two weeks ago.

Iwaki City: 0.81 microsieverts an hour, compared to 2.05 microsieverts an hour a week ago and 1.34 microsieverts an hour two weeks ago.

In this statement from the article, "10,000" is a typo, and should read "100,000":

The US Nuclear Regulatory Commission sets the annual occupational dosage limit for workers who deal with radiation at 50,000 microsieverts and the limit for a nuclear event at 10,000 microsieverts.

It's the same sort of error, easy to make, which TEPCO made in recent days stating a radiation comparison, not the reading itself, was 10 million times higher than another reading, when they meant 100,000 times higher. And the numbskulls crucified them for it.

Zeroes get inadvertently added and subtracted all too often, it seems, in science, mathematics . . . and politics!

The good news is that the bad news is not as bad as it was.

Where Are All The Meltdown Stories Today?

Huh?

The True Meaning of 666

Don't buy stocks, unless you like overpaying, says John Bethel.

Here:

Back in January 2006, I posted about something Peter Cundill referred to over the years — “The Magic Sixes.”

As I wrote at the time:

“The Magic Sixes” are something Cundill got from a man named Norman Weinger of Oppenheimer in the 1970s. They are companies trading at less than .6 times book value (or less than 60% of book value), 6 times earnings or less, and with dividend yields of 6% or more. Cundill remembers that there were HUNDREDS of publicly traded companies in the US qualifying back in those days.

When I posted the above more than five years ago, I ran a screen on Barron’s Online and it gave three stocks meeting the test.

I just ran it again a few minutes ago and it listed one stock meeting the test. And a second that was on the bubble (and might meet it as the stock price fluctuates a bit).

The Magic Sixes isn’t meant to give specific stock tips. It’s used to gauge the broad market — and whether it’s cheap or not.

It’s clearly not here in the US.

Yes, There is a Hell. It's Called the Housing Market.

Stephen B. Meister for The New York Post takes us on a grand tour of The Inferno, from the first level to the last:

Sales of existing homes dropped 9.6 percent in February to their lowest level since 2002 -- 4.88 million per year. And that's the good news.

Sales of new homes have collapsed. In February, they dropped 16.9 percent to an all-time-record low -- 250,000 a year, down from 900,000 in early 2007. ...

The median price of an existing home dropped 5.2 percent to $156,100, while the median new-home price is down 13.9 percent, to $202,100. ...

The official statistics show an inventory of 3.67 million new and existing homes -- 8.6 months' worth at the present anemic sales rate. But the real inventory is likely double that . . ..

Nearly one in four borrowers -- more than 11 million households -- owes more than the house is worth. Another 2.4 million homeowners have less than 5 percent equity, putting them right on the edge. And those numbers will all soar as prices slide further. ...

All this means there's a backlog of some 10 million homes that must get sold before housing can truly recover. But fewer than 5 million homes now trade hands in a year -- and that's mostly sales of nondistressed homes, which aren't even part of the glut. So it's clear that home prices are bound to go down further and remain down for years.

Every economist knows you get more of what you subsidize. Due to all the overbuilding from years of federal housing subsidies, today a staggering 18.4 million homes are empty year-round. (That's down from 18.9 million a year ago, as lower prices have lured investors who've rented out homes bought at foreclosure.)

Given that there are 112.5 million occupied housing units (including rentals) in America, that means that there's one vacant home for every six occupied ones.

Short of bulldozing the millions of unneeded homes, it will take years of population growth and household formations to absorb the excess.

You won't like the rest, either, here.

Democrats For Bush's Iraq War 110, For Obama's Libya War 0

That constitution thingy, well, it just doesn't apply here according to Secretary of State Hillary Clinton, because an international agreement trumps it, which will come as quite a surprise to the Americans who have to fight it, and the rest of us who have to pay for it. But hey, who cares, they're all volunteers, right?

Peter Wehner for Commentary reminds Hillary Clinton that when it comes to unilateral wars, she at least got to vote for the last one:

On October 10-11, 2002, the House voted 296-133 in favor of the Use of Force Resolution, while the vote in the Senate was 77-23. All told, 110 Democrats in the House and Senate voted in favor of going to war – including then-Senator Hillary Clinton . . ..

The rest is also instructive, here.

Would You Shake Hands With This Liar?

No, not this one . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . this one! 

Is the Plutonium Story Being Sensationalized?

To read the online papers, like ABC News (here), you'd think the detection of plutonium around the Fukushima reactors indicates a meltdown is suddenly underway, as if nothing has been happening since the quake and tsunami struck on March 11, 17 days ago, and radiation subsequently began to pour out of the facilities.

Yet the reports from Japan are not wholly satisfactory, evidenced by speculation about a direct correlation between the problems at reactor 3 (where plutonium is an ingredient in Mixed OXide fuel) and what has been found in the soil.

Kyodo News likens the amounts detected in the soil to amounts routinely found during the era of atmospheric testing of nuclear weapons before the Test Ban Treaty (here):

[T]he levels confirmed from soil samples taken at the plant on March 21 and 22 were almost the same as those from the fallout detected in Japan following past nuclear tests by the United States and Russia, said the utility known as TEPCO.

And NHK World has perhaps a slightly different angle (here):

[T]he level detected is the same as that found in other parts of Japan and does not pose a threat to human health. ...

The Nuclear and Industrial Safety Agency says the detected level is the same as that found in the environment and not health-threatening for workers who conducted the sampling, nor residents in surrounding areas.

The question is whether the plutonium traces found are the normal residue from the era of atmospheric testing, are otherwise normal traces unrelated to that time, or are related to a problem at reactor 3.

Additional testing is said to be underway.

Meanwhile, if it bleeds, it leads.

National Security Adviser: "We Don't Make Decisions . . . Based On Consistency"

WELL NO SHIT.

"We don’t make decisions about questions like intervention based on consistency or precedent," said Denis McDonough, the administration's deputy national security adviser, amid an off-camera gaggle of reporters. "We make them based on how we can best advance our interests in the region."

Uh huh.

More here.

China Moves Forward on Discarded American Thorium Reactor Technology

Ambrose Evans-Pritchard had the story over a week ago for The UK Telegraph here, and promptly headed for the hills afterwards:

A few weeks before the tsunami struck Fukushima’s uranium reactors and shattered public faith in nuclear power, China revealed that it was launching a rival technology to build a safer, cleaner, and ultimately cheaper network of reactors based on thorium. ...

China’s Academy of Sciences said it had chosen a “thorium-based molten salt reactor system”. The liquid fuel idea was pioneered by US physicists at Oak Ridge National Lab in the 1960s, but the US has long since dropped the ball. Further evidence of Barack `Obama’s “Sputnik moment”, you could say. ...

Norway’s Aker Solution has bought Professor Rubbia’s patent. It had hoped to build the first sub-critical reactor in the UK, but seems to be giving up on Britain and locking up a deal to build it in China instead, where minds and wallets are more open.

Greenpeace Team in Iitate, Japan, Claims Measuring 7 to 10 Microsieverts/hour

The measurements were taken today, according to this report:

The team measured radiation of between 7 and 10 micro Sievert per hour in the town of Iitate, on Sunday March 27 th.

That's down from the 12.1 microsieverts/hour reported nearly a week ago, as here.

But even at 7 microsieverts/hour, it would take only about 36 days to get the annual average American dose of 6200 microsieverts. At 10 per hour, about 25 days.

Radiation in Namie, Japan, Has Risen From 0.161 to 1.4 mSv/hour

According to this report:

The Science Ministry says a reading of 1.4 millisieverts was taken on Wednesday morning in Namie Town northwest of the plant.

We reported the lower level of 0.161 on Monday last, here. The measured increase is dramatic. Just two days later the measurement is over 700 percent higher.

Background radiation plus other routine exposures in America amounts to, on average, 6.2 mSv/year. In Namie, Japan, on Wednesday, one would get that much in just under five hours.

Coast of Minami-sanriku Was Hit By 52 Foot Tsunami

Reported here.

Tsunami At Rikuzentakata Reached 42 Feet In Height

According to this report.

It penetrated to a height of two stories high one kilometer inland, sweeping away people from a gymnasium designated as a shelter.

TEPCO Stands by Radiation Figure of 1000 mSv/hour, Corrects Concentration to 100K Times Normal

So Kyodo News, dateline Tokyo, March 28:

Japan on Sunday faced an increasing challenge of removing highly radioactive water found inside buildings near some troubled nuclear reactors at the Fukushima Daiichi plant, with the radiation level of the surface of the pool in the basement of the No. 2 reactor's turbine building found to be more than 1,000 millisieverts per hour.

Exposure to such an environment for four hours would raise the risk of dying in 30 days. Hidehiko Nishiyama, spokesman for the government's nuclear safety agency, said the figure is ''quite high'' but authorities must find a way to pump out the water without sending workers too close to push ahead with the restoration work.

Plant operator Tokyo Electric Power Co. said early Monday the concentration of radioactive substances of the puddle was 100,000 times higher than that usually measured in water in a reactor core, correcting its earlier analysis of 10 million times higher.

The facts are not altered: 2 Sievert hours might very well kill you, 4 will in 30 days, and 8 will much more quickly than that.

Read the rest here.

Iodine 131 and Xenon 133 Show Up in Nevada

As reported here:

[E]xtremely small amounts of iodine-131 and xenon-133, both of which are not usually found in Nevada, were detected at a monitoring station near the Atomic Testing Museum in the city following a series of radiation leaks at the Fukushima Daiichi plant.

Fukushima Reactor 2 Basement Puddle Emitting 1000 mSv/hour

An astounding number, which amounts to 1 Sievert per hour, from a puddle.

Half of that is 500 mSv/hour, previously reported in the air over one of the reactors. That's the amount in a hour an American can expect to absorb in a life. Now double that, in an hour.

Just two hours exposed to radiation at 1 Sievert per hour is sometimes fatal, while 8 Sieverts is most definitely fatal. Chernobyl threw off 50 Sieverts near the destroyed core in just ten minutes.

The report comes from Kyodo News today, here:

The concentration level is 10 million times higher than that seen usually in water in a reactor core, according to plant operator Tokyo Electric Power Co.  Hidehiko Nishiyama, spokesman for the government's nuclear safety agency, said the figure is ''quite high'' and ''likely to be coming from the reactor.'' ...

The radioactivity at the surface of the puddle at the No. 3 unit was 400 millisieverts per hour. ...

According to the latest data released Sunday, radioactive iodine-134, a substance which sees its radiation release reduced to about half in some 53 minutes, existed in water at the No. 2 reactor's turbine building at an extremely high concentration of 2.9 billion becquerels per 1 cubic centimeter.

The water also contained such substances as iodine-131 and cesium-137, known as products of nuclear fission, and thus leading to speculation that it may have come through pipes that connect the reactor vessel and turbines, where steam from the reactor is normally directed to for electricity generation.

The pool of water at the No. 4 reactor's turbine building included radioactive substances, but the concentration level was not as high as at the Nos. 1, 2 and 3 buildings, the data showed.