Per the latest information available right now.
Friday, April 15, 2011
Fukushima Daiichi Main Gate Radiation at 71 Microsieverts Per Hour
At about 3PM on the 14th, Japan time.
Thursday, April 14, 2011
What's the Difference Between the $14 Trillion Debt and the US Congress?
The $14 trillion has only 12 zeroes.
Wednesday, April 13, 2011
Tuesday, April 12, 2011
Fukushima Accident Summary From World-Nuclear.org
When the data differ, the on-going summary defers provisionally to the Japanese regulator.
Here is an excerpt dealing with the apparent rupture of the suppression chamber of reactor 2 on March 15 after its cooling power failed on the 14th and its water in the torus boiled.
From the "Fukushima Accident 2011" at World-Nuclear.org, last updated today (here):
After the hydrogen explosion in unit 1, some radioactive caesium and iodine were detected in the vicinity of the plant, indicating fuel damage. This material had been released via the venting. Further I-131 and Cs-137 and Cs-134 were apparently released during the following two weeks, particularly following the apparent rupture of suppression chamber of unit 2 on 15th. The caesium was at low levels (about two orders of magnitude less than the iodine). The hydrogen explosion in unit 4 involving the spent fuel pond on 15th apparently added to the airborne radionuclide releases.
Reactor 2 Suppression Pool Abnormalities Blamed For Bulk of Radiation Release
Over a two day period beginning the morning of March 15.
This according to the Nuclear Safety Commission in Japan, as reported here.
The leak is ongoing, "rising" in fact, even though volume is down, according to the story.
Radiation in Namie Town at 34 Millisieverts in Just 25 Days
From March 11 to April 5.
As reported here:
34 millisieverts of radiation had accumulated over that period at one location in Namie Town, about 24 kilometers northwest of the plant. This equates to about 314 millisieverts per year, more than 3 times the permissible level of 100 millisieverts.
The figure of 314 must factor in some estimate of radiation degradation over a year. 34 millisieverts in 25 days is a rate of 1.36 mSv/day, or 496 in a year, not 314.
The 100 mSv level may be permissible under extreme circumstances, perhaps, but the evacuation standard being used is 20 millisieverts or higher.
Normal average radiation exposure from all sources in the US is 6.2 millisieverts annually. A person living to age 78 would get almost 484 millisieverts in an entire lifetime at that rate. In Namie Town one could conceivably get that same whole lifetime's exposure in a single year.
Nuclear power is safe . . . until it isn't. And then it's unsafe it a big, dirty, relentless and inuring kind of way.
Another Voice for a Sensible Idea: Tax-Free Retirement Withdrawals for Real Estate
The only thing preventing many mortgages from being paid off free and clear for many people is the tax hit and withdrawal penalty they'd take to withdraw the funds from their retirement savings.
John Crudele for The New York Post looks at those funds and sees a kind of housing bailout in the waiting, where consumers might even actually use the dough to buy new or existing homes. Call it a housing stimulus spending bill:
Well, maybe it's time to listen to John (that would be me). Change the rules on retirement plans so the American people can rescue the ailing real estate industry, which, by the way, will take a decade to fix if left on its own.
Let people withdraw a relatively small percentage of the $15 trillion in retirement funds to purchase real estate. Give them a tax break -- maybe even a big one.
More at the link.
John Crudele for The New York Post looks at those funds and sees a kind of housing bailout in the waiting, where consumers might even actually use the dough to buy new or existing homes. Call it a housing stimulus spending bill:
Well, maybe it's time to listen to John (that would be me). Change the rules on retirement plans so the American people can rescue the ailing real estate industry, which, by the way, will take a decade to fix if left on its own.
Let people withdraw a relatively small percentage of the $15 trillion in retirement funds to purchase real estate. Give them a tax break -- maybe even a big one.
More at the link.
Monday, April 11, 2011
Namie, Japan, Expected to Radiate 300 Millisieverts Within Next Year
According to Kyodo News, here:
For a part of the town of Namie, the government's Nuclear and Industrial Safety Agency has estimated that the dose for one year since the quake would exceed 300 millisieverts.
6 millisieverts per year is average in America from all sources.
The story details the announcement of the evacuation of Namie and other similar hot spots beyond the original 20km evacuation ring.
Japan Expands Evacuation Zone Due To Expected Annual Radiation of 20 Millisieverts
A month after the accident at Fukushima, the future is clear: there will be radiation problems 20 to 30 km around the nuclear plant for the foreseeable future.
So NHK World, here:
[A]nnual exposure in the zone is expected to be above 20 millisieverts. The worldwide average exposure from the natural environment is 2.4 millisieverts.
The expanded zone includes Katsurao Village, Namie Town, Iitate Village and some parts of Kawamata Town and Minami Soma City.
Was it worth it, Tokyo?
Namie, Japan, Radiation 14 Millisieverts in 17 Days, In Iitate 8 Millisieverts
The source is believed to be cesium, with a very long half-life (a generation) compared to radioactive iodine (a week).
An American gets on average 6.2 millisieverts in a year from all sources. Japanese set the threshold for natural sources at 1 millisievert.
NHK World has the story here:
Since March 23rd, the ministry has been measuring radiation levels in 15 locations more than 20 kilometers away from the crippled Fukushima Daiichi nuclear power plant.
At one location, in Namie Town about 30 kilometers northwest of the plant, 14,480 microsieverts of radiation had accumulated over the 17-day period to Sunday.
8,440 microsieverts of radiation were observed in Iitate Village.
In another location in Namie, the amount reached 6,430 microsieverts.
People would be exposed to this accumulated amount of radiation if they had stayed outdoors throughout the entire period.
Labels:
cesium,
Fukushima Japan,
Iitate Japan,
iodine,
Namie Japan,
nuclear power
Sunday, April 10, 2011
The Date Your Home Became Just Another Commodity: August 5, 1997
When you could begin to sell every two years and avoid the capital gain.
The chart here shows the first stirrings late in the year of what was to become the housing bubble.
The chart here shows the first stirrings late in the year of what was to become the housing bubble.
August 5, 1997 marked the date when the Taxpayer Relief Act of 1997 was signed into law by President Clinton.
"When the bill passed in the summer of 1997, it stipulated that married couples would pay no taxes on the first $500,000 in profits from the sale of a house. At the time, this wasn’t seen as an incentive for people to start trading up or flipping houses—although, according to the National Association of Realtors, single-family-home sales jumped 13 percent the year after it passed, and some economists have said it instantly added value to homes, and fueled their rise in prices. But if you drove over that bridge, into the 21st century, and combined this windfall with record-low interest rates and lower down-payment mortgage requirements, the synergy changed the way people bought homes: Instead of looking at how much house they could afford, people started looking at how much mortgage they could carry. (In other words, you could roll the profits into a pricier house, put less down, and still wind up with a lower monthly mortgage payment.) Taken by itself, the Taxpayer Relief Act of 1997 didn’t cause the economic meltdown. But it was one more piece of kindling on the cord that would eventually become the bonfire of all our vanities."
-- Bruce Feirstein, here
The mortgages behind those houses had started to become mere commodities, too, at about the same time:
Securitization accelerated in the mid-1990s. The total amount of mortgage-backed securities issued almost tripled between 1996 and 2007, to $7.3 trillion.
Hurting us where we live.
Securitization accelerated in the mid-1990s. The total amount of mortgage-backed securities issued almost tripled between 1996 and 2007, to $7.3 trillion.
Hurting us where we live.
Boston Globe Slams Obama's Nuke Waste Irresponsibility
For supporting more nuclear power, which means more unsecured waste, and closing a never-opened $10 billion Yucca Mountain depository at the same time:
The administration’s decision to cancel the depository was a profile in craven political calculation: candidate Obama promised to cancel Yucca Mountain to curry favor in the 2008 Nevada caucuses, and he followed through on the urging of a key political ally, Democratic Senator Harry Reid of Nevada.
Read the whole opinion here.
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