Published: March 27th, 2012 at 10:54 am ET
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Title: New probe finds worse damage at Fukushima reactor
Source: The Associated Press
Date: 8:41 a.m. Tuesday, March 27, 2012
[Tepco ...] found fatal radiation levels and hardly any cooling water inside one of the reactors, renewing concerns about the plant’s stability.[Tepco ...] detected radiation levels up to 10 times the fatal dose inside the No. 2 reactor’s contain chamber, suggesting challenges ahead in shutting down the facility.
[...] containment vessel had cooling water up to only about 60 centimeters (2 feet) from the bottom, far below the 10 meters (yards) estimated when the government declared the plant’s stability in December. [...]
Read the report here
Published: March 27th, 2012 at 10:54 am ET
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sending...
KISS JAPAN GOODBYE.
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Downward spiral
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Still spewing nuke puke at us all !
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As Japan goes, so goes the world?
"I live in a nuclear wasted dump, the one called Planet Earth…"
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P.S. But I don't worry none about it, cuz the authorities tell us that radionuclide levels are 'within acceptable levels'…
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as in, you don't have any choice, accept it.
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Stock, you have the correct answer.
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Nothing has changed…It is no different now than it was in December …
Declaring cold shutdown was strictly speaking a political ploy…
I'd bet all 3 reactors are in a similar condition.
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Yes, Cindy. The only difference is the wording is an admission the reactor isn't shut down! And it can be construed it means they're not saying the plant is in "cold shutdown" unless they're still trying to spin that fable.
Am not happy to hear #2 is running dry. Arrgh. It never ends.
"I have become" UN "comfortably numb."
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The bad news here is VERY bad. Most folks here were already pretty sure that the containments and pressure vessels were melted and/or burst at the bottom. Knowing that the vessel at #2 is acknowledged by Tepco to be in the state that the tests showed is still disturbing. No water also means no workers can get close enough to fix the leaks…
The good news here is that the truth is trickling out.
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77 Sieverts….that is like….well a reactor.
Instant death
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We've been lied to or those 'in charge' don't have clue. …or both. Obvious, even to a casual observer. However, most are simply not listening for whatever reason. (?)
What should have been said is "We don't know, but we should ALL prepare for the worst." (that was easy) However, with this statement the Nuclear Power Industry would begin to crumble.
Instead we get, "It's in 'cold shutdown' and there's nothing to worry about." (tons of lies and misdirection) Keep those nuclear wheels turning no matter what. That's their unspoken motto. With emphasis on 'no matter what'.
The day will come, and we all know this, when the masses will realize just how they've been manipulated and they will finally understand the sinister reality of Nuclear Power, but by then, it may be too late.
Don't wait for the current political powers to change position on Nuclear Power anytime soon. Their campaigns are highly financed by the power companies. One of Obama's primary contributors was Exelon Corporation. (power utility, Chicago)
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TEPCO was told by the US and Russia to douse the reactors with sand and they did not listen and now it is too late.
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Yep, and there is HUGE money behind Tepco, in their banking and industry affiliation. The largest industrial conglomerate in Japan — and by extension, in the world.
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I'm sorry, I meant the largest industrial conglomeration in Japan, and by extension, ONE OF the largest in the world (not THE largest).
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Not for long. One of the few finance guys that saw the economic meltdown coming, and hasn't been wrong since (Andy Xie) says the yen is headed for a 40% deflation. I think it will be more than that, once coupled with the fact Japan is dying fast. TEPCO, and all the other keiretsu, will soon cease to exist.
127 million people, no economy, no money, with TV cameras and the Internet. It's going to be the first televised national extinction in history.
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Here is a piece about money..my least favorite subject in the situation.
I simply want TEPCO to crash and burn financially.
http://www.businessweek.com/news/2012-03-25/tepco-confronts-post-fukushima-future-dictated-by-bureaucrats#p2
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Heart of the Rose,
Not as long as some keep pumping money into it !
Japan banks may offer emergency loans to Tepco – MarketWatch
Mar 23, 2011 … Lenders may provide over ¥2 trillion to help it boost power supply … were
individually considering providing Tepco with about ¥1.4 trillion, Dow …
http://articles.marketwatch.com/2011-03-23/markets/30779036_1_emergency-loans-tepco-power-plants
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Hi Heart. The people holding the bag financially are probably not the people you would prefer to target. The piece you cite says "The stock has plunged 90 percent since the day before the March 11 quake and tsunami caused the disaster.", yet the clown show on the site continues and nobody at the top seems to have blinked yet.
That article also says that public money is destined to replace the lost shareholder money. Too big to punish.
Your link doesn't work for me, but I recognize the story from other Bloomberg sites. Here's another way to get to the story:
http://www.bloomberg.com/news/2012-03-25/tepco-confronts-post-fukushima-future-dictated-by-bureaucrats.html
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@aigeezer..I understand how the money process is going to go.
Still..I know that TEPCO cares not at all for my/our welfare..the feeling is mutual.
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Worked for me when hitting refreash !
But on page two, had to click to one !
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+ 100 ChasAha
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understatement of the millenium:
"… suggesting challenges ahead in shutting down the facility…"
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Better get another tent top ready because Unit 2 is getting ready to experience an open air redesign.
How do you spell B-O-O-M? TOKYO FLIGHT
Got your water yet?
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Its just going to spew and spew, for years to come, polluting the ocean and air and everything else… I don't think it will blow …
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To top it all off TOP CENTER HP:
OBAMACARE ON THE BRINK
Get Cancer From Japan and DIE.
(no comments really wanted – i know everyone differs on this)
EVACUATE JAPAN!
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GRRRRRRRRRRRRR! Stepping back Whoopie! Bloods BOILING!
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kill your deformed babies after birth, Gov, not wanting a new disability recipients !
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I hope Unit 2 doesn't blow, but it is building hydrogen and they may have little options to address that issue because the place is a no man's land. Hang around five minutes and it may be fatal.
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If it was vented on the side (when the camera went in) won't that allow some of the trapped hydrogen to vent off? (Not that we want the sucker venting off, because who knows what else it' spewing, but what are the options?)
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The problem is you can't vent hydrogen after a certain concentration. It combusts on exposure to oxygen. It's better to remove atmosphere from the container and hope there's no sparking.
So seal the building, turn off all electricity, and turn off all the earthquakes. Oh, wait . . .
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It can just sit there and sizzle, and do a great deal of harm to us all.
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If you want to see this reactor from yesterday:
http://www.youtube.com/watch?v=3YgGS7BrAzo&feature=plcp&context=C476bb4fVDvjVQa1PpcFOfwuoLvty8wd_1VTfkOvAT0_ex2i6dLco
and:
http://www.youtube.com/watch?v=YX-rpYgLQ4w&list=UUDu1KkkwuzybKx6MXQgGHuw&index=30&feature=plcp
I feel sad… Are we, humans, so badly infected with greed, stupidity, neglect, irresponsibility, envy and pride to let this go on?! Aren`t we able to search for a solution?!
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Well, that sure looks like unit 2 blowing.. pure water I feel sad to.. and as if the fall out wasn't bad enough trying to tell people is almost worse.. lonely sometimes..
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VERY!:-(
".. lonely sometimes.."
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TEPCO put the endoscope into Containment 2, rather than Reactor 2. This means that TEPCO knows that Corium 2 is ex-reactor, and wanted to see if any of it was still in Containment 2. 60cm of water wouldn't cover tons of Corium if it sat on the bottom of Containment 2. Also, the water is fairly still and clear. This means the water isn't being agitated or boiled by a nearby Corium. Thus, it is now clear that Corium 2 has left the building, which most ENEnews readers have thought to be the case for some time. the deadly radiation is residual. Why would there be any water at all in Containment 2, if there were a big hole in the bottom? Because they continue to pump water in to keep the radiation down and to cool the Corium. That water fills the hole through the bottom of Containment 2. This water is highly radioactive, and TEPCO can measure the radioactivity in the harbor to see where this water is entering the ocean. TEPCO, please quit polluting the Ocean in this useless way! Continuing to pump water into Containment 2 does no good. You are unable even to keep radiation down. Where is Corium 2 now? It has hit rock, and is probably following the slope of the rock. Since Containment 2 has little steam in the air, we can infer that Corium 2 is likely no longer even within the foundation of Building 2. Suppose the bedrock slopes towards the Ocean? Will TEPCO do nothing to try to contain Corium 2 before it gets to the water? If it is TEPCO's policy to do as little as possible to appear to handle this situation, then why is TEPCO still in charge?
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TEPCO will be the scapegoat once it fully blows.
It will most likely be stated that is was the 'corporations' fault from the beginning to THE END!
Most of those truly responsible for these nuclear nightmares, (academic, military, political and corporate leaders), are long dead and those currently responsible will say, "Well, we didn't start it".
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ChasAha: You are right, TEPCO is supposed to be the fall guy here. But the Japanese Government has it all wrong. They should evacuate TOKYO, and surrender what was once Japan to UN management, and pray to the international community to come to Fuku to save us all. NOW!
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I shudder to think what will happen or has happened to the Pacific Ocean. And as goes the Pacific, so goes every sea on the planet, eventually. This makes me SICK!
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The Japanese and publications such as Bloomberg and the Financial Times of London have said Tepco and its "parent" banking company are "too big to fail." It's anyone's guess how far the Japanese and their government are willing to let this go for the sake of preserving a corporate conglomerate that is "too big to fail."
Sadly, it's not just Tepco that's trying to "save face" for its directors. It's all the directors of the interlocking boards of directors with which Tepco is affiliated, all the bankers, lawyers, government officials, and so on.
We're dealing with a corporate octopus that just doesn't want to let go, here.
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Too big to Fail working on problem Too Big to Solve
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aigeezer
March 27, 2012 at 9:49 pm · Reply
Looking at that Tepco shareholder link a bit more closely… it appears that Tepco's 10th largest shareholder may be State Street Bank (see bottom of the linked page). I am not certain how to interpret what I am seeing, so please (everyone) do your own careful research and share anything of interest.
http://www.tepco.co.jp/en/corpinfo/ir/stock/stock-e.html
http://en.wikipedia.org/wiki/State_Street_Corporation
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aigeezer
March 27, 2012 at 10:07 pm · Reply
One more item from me – I'm just tracking a few "household name" companies – State Street bank (apparently Tepco's 10th largest shareholder) is also the largest shareholder of Bank of America, according to sources such as:
http://en.wikipedia.org/wiki/Bank_of_America#Major_shareholders
If you have the patience and interest, you could probably track a lot of interesting material arising from xdrfox's original question, namely "who owns Tepco"?
For example, who owns those insurance companies listed as Tepco's top three shareholders?
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They put cement and I think it was boron on the ocean floor like that is going to help. I really don't know what the solution is but I agree that it is a waste of 9 tons of water per hour and that is just for reactor 2. I'm so very frustrated and saddened by this on going disaster and the fact that the US is considering building 2 Nuke Plants in Georgia which well be debated on Friday. We should be shutting them all down, not building more as we have so many spent fuel pools filled to the max and no where to put them. I just don't understand.
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moonshellblue, it's just beyond reason. The extent of the delusional thinking (i.e., it's "safe, clean, and green") staggers my imagination.
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Great breakdown.
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Anthony: Thanks!
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Thanks for the explanation.
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VIDEO !!! Unit 2 Video Now Available !!!
http://www.youtube.com/watch?v=_WPs-LBnNEM&feature=player_embedded#!
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More Video !! This is a longer video and near the end I think you see the water at the bottom.
http://www.youtube.com/watch?v=jgwh6L-Rf6Q&feature=related
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WOW! So THIS is what the inside of Pandora's Box looks like! Positively RELATIVISTIC! OK, Nuke Industry, way to go. Do you still think your pipes and cement can CONTAIN THIS?
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Photos of leftover corium/fixture melt here -
http://enformable.com/2012/03/photos-show-effects-of-meltdown-during-fukushima-daiichi-reactor-2-endoscopy-investigation/
Notice the obvious oxidation (rust). And still molten parts. And drain holes. Wow.
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Strange Flashes Inside RPV#2 (49 minutes video from Enformable)
At 44 minutes the camera has been pulled back up and is now sitting in the hole that was drilled through the rpv wall looking towards the inside of the rpv.
Strange flashes can be seen against the sides of the hole infront of the camera.
The camera is tilted, so down is in your upper left corner of your monitor.
The way the flashes are reflected seems to indicate that the flashes are coming from below.
At first I thought it was just steam condensating on the inside of the hole, but having watched it some more, I now think that it looks more like some sort of light flashing from below. Are we looking at light from ongoing criticalities?
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Whoopie, the plan is in the works, don't ya think? Why, would they not encase the reactors-like someone has already ask on another section. The doing nothing is what was wanted all along, if you even think about it more. How about the burning of radioactive debris-WHY, by God in Heaven, it shall come to pass those who believe will live forever and those that harmed the innocents, the Lord will not let pass and may there souls-if any is found be condemned for all eternity. I cannot change what has happen, I pray EVERYDAY, since I do not know what I can or cannot do. Sorry, I am off of my preacher stance.
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Thanks for that.
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Mothercares, I think anyone who prays and or meditates needs to be beseeching God for help right now!
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All this because the freaking break wall was a few feet too short and their backup generators, fuel etc wasn't located at high ground in a safe enough place.
All this horror for the people could have been avoided.
>:(
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Hi shiverca, yes. One could scream all day long if one starts to really think about it. When it sort of sinks in….the "what if's"…
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shiverca:
Here is my take on the failed backup systems.
With so much heat exchange system plumbing sheared at the walls inside and out of the buildings, it would not have mattered if the diesels worked properly or for how long.
Let alone the insanity of "hours" worth of battery backup.
It was not like some fat, butt cracked plumber could show up with an arm load of 1" copper or 2" galvanized to patch around the breaks the way they can and do for commercial and residential water systems. The pipes for a NPP cooling system are no doubt at least large enough crawl inside of.
Which means rather heavy.
I used to know a guy who was a steam fitter and worked on the construction of the Trojan NPP out NW of Portland, OR back in the 70s. The cooling/steam system pipes he welded were large enough to walk inside of.
He was straddling a chlorine gas filled pipe pipe that had been capped off with a bulging polyethylene tarp.
Until some moron went up to the plastic, thought he would show off his baseball skills, and popped the poly bulge with a 2×4 and a nail sticking out the end of it.
Needles to say, the steam fitter never worked again.
Or did much of anything else either.
Check out the size of the pipes at 4:12 and 4:43 in this video:
\http://www.youtube.com/watch?v=sspp6D8giHc
So when these pipes sheared at the walls, they would have needed a crane to bring new material in to attempt any sort of repairs.
Never mind that they had a few hours, at best, to pull off such a stunt. Fat chance.
So they played Russian Roulette with an NPP and lost.
As did all the rest of us on the planet.
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Also, plumbing "on steroids" at 11:30 into it.
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The "tsunami as cause" idea has generally been discredited, I believe. Most people outside the industry now seem to think the earthquake caused the initial problems. The tsunami didn't help, needless to say.
http://ajw.asahi.com/article/0311disaster/fukushima/AJ201112060052
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Japan’s Fukushima Reactor May Have Leaked Radiation Before Tsunami Struck
http://www.bloomberg.com/news/2011-05-19/fukushima-may-have-leaked-radiation-before-quake.html
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Key facilitis in Fukushima plant could have collapsed before tsunami: report
http://news.xinhuanet.com/english2010/world/2011-05/15/c_13875604.htm
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Heart, I'm still sucker-punched contemplating the story yesterday about unreported previous Fukushima meltdowns from 30(?) years ago. There's nothing redeeming to be found as we pull the layers away one at a time.
Just shockingly dishonest and evil behavior.
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@Anthony..I saw that..Sick..I read a story about a uranium mine in that area months ago.
I wish ..I had kept it.
The workers had no idea their amount of radioactive exposure.
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PS…this time it is coupled with serious geological instability…
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Shiverca, they should have known.
Japan had two earthquakes which caused tsunami waves reaching 85 to 160 feet (or higher) between the 1860's and the 1930's. One of them occurred in the Kanto region.
The Fukushima planners should have known, and planned accordingly.
There is no excuse! The breakwaters, dolos, or whatever were something on the order of 100 feet too short to do any good, if they were looking at planning for a 1,000 year event!
If you look up historical tsunamis in Japan online you can find this information. I posted it here sometime during the past six months. The post was intended to counter a bogus claim the tsunami in March, 2011 was a "1,000 year event" and that it was the largest tsunami in several hundred years. It was actually much LESS severe than others in relatively recent history.
As some others have stated here (and I think there's a fair amount of expert opinion out there on this) the power failure and earthquake did the bulk of the damage BEFORE the tsunami hit. When the tsunami hit, it was like the death knell, because then the backup generators were flooded and wouldn't work.
What we are seeing today is a result of stupdity, sheer stupidity. The designers of the Fukushima Daichi plant are without excuse.
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I hope my "stats" here are correct. I'd have to go back to the original post to say for sure. I sometimes get the height in meters vs. feet backward.
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From Wikipedia: in 1993, a 30 meter tsunami struck in Hokkaido. Roughly 100 feet in height.
http://en.wikipedia.org/wiki/Historic_tsunamis#Highest_or_tallest
A quote:
1896: Meiji Sanriku, Japan (明治三陸地震)
Main article: 1896 Meiji-Sanriku earthquake
On 15 June 1896, at around 19:36 local time, a large undersea earthquake off the Sanriku coast of northeastern Honshū, Japan, triggered tsunami waves which struck the coast about half an hour later. Although the earthquake itself is not thought to have resulted in any fatalities, the waves, which reached a height of 100 feet (30 m), killed approximately 27,000 people. In 2005 the same general area was hit by the 2005 Sanriku Japan Earthquake, but with no major tsunami.
http://www.newworldencyclopedia.org/entry/Tsunami
1771 – Yaeyama Islands, Okinawa, Japan
"An undersea earthquake of estimated magnitude 7.4 occurred near Yaeyama Islands in Okinawa, Japan on April 4, 1771 at about 8 A.M. The earthquake is not believed to have directly resulted in any deaths, but a resulting tsunami is thought to have killed about 12,000 people, (9313 on the Yaeyama Islands and 2548 on Miyako Islands according to one source. Estimates of the highest seawater runup on Ishigaki Island, range between 30 meters and 85.4 meters. The tsunami put an abrupt stop to population growth on the islands, and was followed by malaria epidemics and crop failures which decreased the population further. It was to be another 148 years before population returned to its pre-tsunami level."
Did you get that? 85.4 meters at the highest!
There is a tsunami recorded to have reached over 1500 feet (!!!!!) in height, but it apparently was not in Japan. See Wikipedia for that one.
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I worry for all those people in Japan who were talked into coming back to their communities and are confronted with these news. Will they ever be allowed to find peace?
Let's hope they'll finally evacuate ALL before "unit 2's open air re-design" (thanks SP, you said it so well).
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What they don't want to talk about is the condition of the switch gear rooms.
A serious safety flaw..
NRC commenting on Fort Calhoun
http://www.reuters.com/article/2012/03/14/utilities-oppd-fortcalhoun-idUSL2E8EDO4G20120314
Condition of switch gear rooms at Fukushima?
http://www.bing.com/search?q=switch+gear+room+nuclear+reactors&form=CMNMHP&qs=n&sk=&pc=CMNTDF&x=101&y=4
Don't have credentials to open…ha..morons.
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Restart Ft Calhoon? Ha. Level 4 +. Level 4 = molten fuel. Am I wrong?
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Blaming Tepco and their government is a waste because the problem is just too large. And too for any country, because no one can stop an out-of-control reactor.
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And that is the sad truth, no one can stop a meltdown once it has breached containment. Is this the end of Japan? I certainly hope not and wish some good news, some miracle would happen and end this ongoing disaster.
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Blue: "No one can stop a meltdown once it has breached containment". Corium 2 has probably breached Building 2. Still, I believe that the Fuku Coriums can be stopped before they get to the Pacific. What is necessary is to think BIG, PLAN BIG, and BUILD BIG. Secondary Containment around Fuku 1 — 4.
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Fuku has now become a geological force of nature.
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Rather a force of anti-nature, anti-life.
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Weve learned that radiations expands. 10x need to just spread 1x lethal dose and carbon units are….so go out and be nice to someone. Buy your dog a steak. Random acts of kindness may be all we have.
Don't miss the donut by looking through the hole.
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Yes so true, I tend to lose my way of being after reading about this disaster. Thanks for helping me regain my focus.
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Lets see… Since the beginning it has been the story of… the Japanese government and TEPCO covering everything up and looking out for their own ass verses what will come out.. it's only a matter of time.. they can't stop it. The world doesn't work that way any more. As much as they try to control the information with the "COLD SHUTDOWN. EVERY THINGS FINE.
FOOD, WATER, SOIL, AIR OR HEALTH CONCERN? RADIATION LEVEL TOO HIGH? NO PROBLEM — WE RAISED THE LIMIT. YOUR OK."
"SEE THAT THERMOCOUPLE TEMPERATURE GAUGE ON REACTOR #2 THAT KEEPS RISING?
OH IT'S FAULTY…. AND THAT ONE THAT IS RISING IS TOO, AND THOSE THREE…. "
They have doing far more harm to the planet and crimes against their own people by trying to deny, make excuses, delete, censor, obscure or defer or detour.. They don't understand that once it's out, you can't put it back in…. They have no idea what they are doing at all… All they can do is try to be "secretive", until it gets worse and worse and worse…
The clear fact is they have *NO* idea what they are doing. A power company that doesn't function or work in the industry. The time to react and contain it, and move heaven and earth to get the things, people and resources you need to fix this seems to be over.. 30 FT of water was supposed to be in the Containment Vessel (December) and it's 2FT (Now), leaking Tours? What a shocker…. How far down is the Corium?. They are only buying a short amount of time…
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Japanese want to die that fine but they are affecting the rest of the world.
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Dear Jones, I get the impression a lot of people in Japan would like to know the true extent of this holocaust and simply can't get access to information. Am not sure how the government and TPTB have done this, but am very sure they have done everything possible to make sure people stay as uniformed as possible.
They did it in the U.S. during the Vietnam War. I traveled outside the U.S. and was SHOCKED by the news reports I heard in Europe. So I'm aware how effective dis-information campaigns and censorship can be.
We have the Internet now, but I still believe a lot of Japanese are being kept in the dark against their will.
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New Probe Finds Fatal Radiation Levels at Fukushima Reactor
TOKYO (AP) — A new probe at Japan's crippled nuclear power plant has found fatal radiation levels and hardly any cooling water inside one of the reactors, renewing concerns about the plant's stability.
The operator of the Fukushima Dai-ichi nuclear plant says an endoscopic examination Tuesday detected radiation levels up to 10 times the fatal dose inside the No. 2 reactor's contain chamber, suggesting challenges ahead in shutting
… continue
In this photo taken by an endoscope and released by Tokyo Electric Power Co. (TEPCO), a white thermometer, right, is seen through the surface of water in the Unit 2 reactor's primary containment vessel at the the tsunami-crippled Fukushima Dai …
http://pddnet.com/news-new-probe-finds-fatal-radiation-levels-at-fukushima-reactor-032712/
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Wonder who/whoms owns the most stocks in Tepco !
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No need to wonder. Just look it up. For example:
http://www.tepco.co.jp/en/corpinfo/ir/stock/stock-e.html
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Lots of "little guys" getting hurt too:
http://www.jcer.or.jp/eng/research/pdf/maeda20110613e.pdf
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Very helpful !
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Looking at that Tepco shareholder link a bit more closely… it appears that Tepco's 10th largest shareholder may be State Street Bank (see bottom of the linked page). I am not certain how to interpret what I am seeing, so please (everyone) do your own careful research and share anything of interest.
http://www.tepco.co.jp/en/corpinfo/ir/stock/stock-e.html
http://en.wikipedia.org/wiki/State_Street_Corporation
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One more item from me – I'm just tracking a few "household name" companies – State Street bank (apparently Tepco's 10th largest shareholder) is also the largest shareholder of Bank of America, according to sources such as:
http://en.wikipedia.org/wiki/Bank_of_America#Major_shareholders
If you have the patience and interest, you could probably track a lot of interesting material arising from xdrfox's original question, namely "who owns Tepco"?
For example, who owns those insurance companies listed as Tepco's top three shareholders?
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HoTaters
March 27, 2012 at 6:58 pm · Reply
The Japanese and publications such as Bloomberg and the Financial Times of London have said Tepco and its "parent" banking company are "too big to fail." It's anyone's guess how far the Japanese and their government are willing to let this go for the sake of preserving a corporate conglomerate that is "too big to fail."
Sadly, it's not just Tepco that's trying to "save face" for its directors. It's all the directors of the interlocking boards of directors with which Tepco is affiliated, all the bankers, lawyers, government officials, and so on.
We're dealing with a corporate octopus that just doesn't want to let go, here.
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Nippon Life Benefits – Medical – Nippon Life Insurance of America
Special Delivery Prenatal Program – Account/Group Number does not begin with … At Nippon Life Benefits, we understand the importance of finding exactly the …
http://www.nlia.com/products–services/medical.aspx
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World-Class Financial Strength and Stability
Nippon Life Insurance Company of America is the U.S. subsidiary of Japan-based Nippon Life Insurance Company, one of the world's largest mutual life insurance companies, with:
◦More than $400 billion in assets
◦220,000 corporate customers
◦10 million policyholders
http://www.nlia.com/about-us/who-is-nippon-life-benefits.aspx
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Dai-ichi Life – Wikipedia, the free encyclopedia
The Dai-ichi Life Insurance Company, Limited (第一生命保険株式会社, Dai-ichi
Seimei Hoken Kabushiki-kaisha), or Dai-ichi Life for short, is the third largest life …
http://en.wikipedia.org/wiki/Dai-ichi_Life
http://www.hoovers.com/company/Dai-ichi_Life_Insurance_Company_Limited/htfrxi-1.html
http://www.bloomberg.com/quote/8750:JT
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Thx
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Thank you xdrfox – it was a great question you asked – too good to just let it scroll away unexplored.
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aigeezer,
I also want curious to try and find the stock price before and days after 3/11 shares that may have been sold during times and by whom when Tepco was saying things were under control !! My reason is to see if some may have had information !
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Good questions also, xdrfox.
I won't be able to look much now, but for starters:
Apparently it dropped sharply at first, over 62%, then had a 14% "dead-cat bounce" – that seems fairly normal to me. I haven't yet found the annual tracking, but it shouldn't be hard. I'll look more tomorrow if nobody finds it first.
The link below has some tempting leads in the "archive" section, but I can't pursue them right now:
http://articles.marketwatch.com/2011-03-17/news/30857411_1_nuclear-power-power-lines-power-supply
There is the question of buying and selling amounts, and the question of timing that you allude to, and also the question of who was buying and selling when. For instance, were "insiders" buying or selling during the crisis?
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aigeezer,
With the crash of Tepco and the Japan and the yean soon this will be interesting for Wall Street holders and beyond !
great work !
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Japan banks may offer emergency loans to Tepco
Lenders may provide over ¥2 trillion to help it boost power supply
March 23, 2011
http://articles.marketwatch.com/2011-03-23/markets/30779036_1_emergency-loans-tepco-power-plants
and later on !
Banks to discuss lending 1 trillion yen more to Tepco: report | Reuters
Jan 9, 2012 … T> main lenders will begin talks this week to decide conditions to lend Japan's
biggest utility, also known as Tepco, an additional 1 trillion yen. … Woodford to
sue Olympus over firing, drops CEO bid … The government plans to inject 1
trillion yen in public funds to help Tepco pay for decommissioning …
http://www.reuters.com/article/2012/01/09/us-tepco-idUSTRE8081PM20120109
Japan lenders ready to back Fukushima operator Tepco, but wary …
Mar 8, 2012 … The lenders are concerned if two conditions — raising power tariffs and the …
Most of Japan's nuclear reactors are shut down over public safety fears and …
month, which will include an injection of about 1 trillion yen in public funds. …
State-run Development Bank of Japan is likely to provide the bulk of the …
http://www.reuters.com/article/2012/03/08/us-japan-tepco-banks-idUSBRE8270EF20120308
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Japan Banks Said to Consider $26 Billion Loan to Tepco to Avoid …
Jan 11, 2012 … Tepco Said to Seek 2 Trillion in Loans From Japanese Lenders … (9501) is in
talks with banks to borrow as much as 2 trillion yen ($26 billion) to help stave off
… Uncertainty over whether the government will take control of the …
http://www.bloomberg.com/news/2012-01-10/tepco-said-to-seek-2-trillion-yen-in-loans.html
Japanese Banks in Talks on Tepco Help – WSJ.com
Feb 16, 2012 … Before Decision, Lenders Must See Overhaul Plan to Ensure Loans Will Be …
banks including trust banks provided Tepco with about ¥2 trillion in loans … and
ceding to the government "sufficient" control over the company's …
http://online.wsj.com/article/SB10001424052970204059804577226802088702684.html
Tepco to Swing to Profit in 2014 Under Funding Plan – Asia …
Jan 25, 2012 … Tepco's lenders will offer another 1 trillion yen in loans in June, bringing the total
assistance to 2 trillion yen, Nikkei said. The plan calls for …
http://www.cnbc.com/id/46139741/Tepco_to_Swing_to_Profit_in_2014_Under_Funding_Plan
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Japan banks may offer emergency loans to Tepco – MarketWatch
Mar 23, 2011 … Lenders may provide over ¥2 trillion to help it boost power supply … were
individually considering providing Tepco with about ¥1.4 trillion, Dow …
http://articles.marketwatch.com/2011-03-23/markets/30779036_1_emergency-loans-tepco-power-plants
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Later..when trillions are needed to rescue their people…the people will find it has been handed over to TEPCO and of course the Yakuza.
The Japanese government has abandoned the people.
God Save Japan
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Heart of the Rose,
It's insane !
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Heart of the Rose,
The loan would be on condition the reactors are restarted !!!!
The lenders are concerned if two conditions — raising power tariffs and the restart of the utility's nuclear power plants — can be met in the face of public and political opposition following the Fukushima nuclear power plant disaster a year ago.
Sources said the most likely option under discussion is for Tokyo Electric to issue bonds backed by collateral to the lenders in exchange for the funds.
"We have a fiduciary duty to our clients and shareholders," said a banking source.
"We cannot make a commitment when we are not sure about these things. We could get sued if things do not turn out as we expect and we cannot recover our loans," said the source, who is not authorized to discuss the matter publicly so did not want to be identified.
http://www.reuters.com/article/2012/03/08/us-japan-tepco-banks-idUSBRE8270EF20120308
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@ xdrfox..Yes it is..insane.
Now time will tell..as it's said.
Too bad it always has to to come to that..
Humans are so mentally frail.
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They were definitely pumping up during this on March 18, 2011 !
HONG KONG (MarketWatch) — Japanese shares advanced Friday as the yen weakened on the Group of Seven’s avowed intervention to curb the currency’s strength and hopes that further radiation leakage may be contained at the damaged Fukushima nuclear power plant.
The Nikkei Stock Average (JP:NI225) finished 2.7% higher at 9,206.75 in afternoon trading as the U.S. dollar topped 81 yen after the G-7 issued a statement, committing joint action to stem the Japanese currency’s rise.
http://articles.marketwatch.com/2011-03-18/markets/30699571_1_forex-intervention-g-7-nuclear-power-plant
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aigeezer, go down a few postings and see the loan and conditions for the money, I am sure all the loans have this stipulation, big money from nuke backers ! Not disclosed whom !! ? Wall Street ? Who ?
About why they refuse not answer the rubber stamping of reactors in other story, it's about getting outside $$$ !
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Yeah, found another rabbit hole didn't I !
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You sure did, xdrfox.
Glancing at the Tepco stock ticker right now, it is UP 1.4% on the day.
http://www.bloomberg.com/quote/9501:JP
Day to day movements could mean anything or nothing though. The kind of "big picture" digging you've been doing is more relevant.
Several people have commented here about the financial system interconnectedness – sooner rather than later one of these dominoes will bring the whole system down.
I speculate that the current nuclear conference in Seoul is deciding the next financial phase of this debacle. No public input, needless to say.
http://www.arirang.co.kr/News/News_View.asp?nseq=127423&code=Ne2&category=2
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aigeezer,
Rothschild's !
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Forecast
http://www.tepco.co.jp/en/corpinfo/ir/kojin/highlight-e.html
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To All ENEnewsers…I can't thank you enough for all this incredible, brilliant, rational, informative discussion. It's nice to have this jewel to contemplate while, even if we can't stop it, we watch our imminent demise! Thank you all, much love, and all the blessings we so need now!
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Nuclear Event ..Japan and update.. http://hisz.rsoe.hu/alertmap/site/?pageid=event_summary&edis_id=NC
http://hisz.rsoe.hu/alertmap/site/?pageid=event_update_read&edis_id=NC-20120328-34685-JPN&uid=12456-20120328-34685-JPN
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it must be bad, even the bBc had it on the radio this morning, and they also mentioned it on their web page…
http://www.bbc.co.uk/news/world-asia-17533398
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