Monday, April 4, 2011

Japan Quake: Latest Updates, April 4, 2011

Japan nuclear crisis: entire town nearest to stricken plant is moved to new 'temporary' quarters  From The Telegraph UK via Rense.  The first of many..  Excerpts:

Located in the shadow of the stricken Fukushima Daiichi nuclear plant inside the 20km exclusion zone, the town (Of Futuba) remains strictly out of bounds having been contaminated with dangerously high radiation levels.

Last week, its evacuated residents were all gathered together from their temporary shelter and moved, to what may be the closest place they can call home for some time: an abandoned high school in Kazo, Saitama prefecture, north of Tokyo.
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What was at first seen as a temporary emergency evacuation while the nuclear power plants were brought under control is now becoming more permanent. Nobody has yet suggested it will be as bad as Chernobyl, where homes have stood untouched for 25 years this month since the world's worst nuclear accident. But on Friday, Japanese government officials said that residents would not be able to return home for "a long time".

Governor of Fukushima and Mayor of Town Near Nuclear Reactors Slam Government Response to Nuclear Crisis  From Washington's Blog.  Excerpts:

The governor of Fukushima slammed Japan's nuclear agency for failing to provide timely radiation data. As Japan Today notes:

Fukushima Gov Yuhei Sato expressed anger at the central government’s nuclear safety agency on Sunday for its late release of radioactivity data related to local farm produce, shipments of which have been partly restricted amid the ongoing nuclear crisis.

And:

And the mayor of Minami Soma - a city 25 kilometers from the stricken Fukushima nuclear complex - is appealing to the world community to help provide food and other essentials, as the Japanese government isn't doing much to help, other than telling people to stay indoors, and is providing insufficient information on the nuclear crisis. The mayor says that - since the government has told people to stay indoors - the stores supermarkets and banks are all closed, and people are "as if under starvation tactics". There is not enough gas, and so it is difficult to evacuate.

SNAPSHOT-Japan's nuclear crisis  -Lots of Dashes acting like Bullet-Points indicating increasing doom.. 

Moody’s downgrades credit rating of Japan’s TEPCO due to nuclear crisis costs  Excerpts:

Moody’s Investors Service has cut the long-term debt rating of the utility that operates Japan’s stricken nuclear power plant for the second time in two weeks amid expectations of massive compensation claims.

The ratings agency cited “significant financial obligations” faced by Tokyo Electric Power Co. from the tsunami-damaged Fukushima Dai-ichi plant that is leaking radiation. The credit rating was lowered three notches to “Baa1” from “A1” and remains under review for further downgrade.
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Depending on the magnitude of the damages and the extent to which TEPCO is found liable, TEPCO’s ability to meet these large and potentially growing obligations could be severely strained,” the agency said.

A report by investment bank Merrill Lynch estimated TEPCO faces compensation claims of 2.4 trillion to 3 trillion yen if it takes six month to regain control of the nuclear reactors. That could rise to 10 trillion yen ($120 billion) if it takes two years. Its lowest estimate was 1 trillion yen based on resolving the situation within two months.

And, BAM!:

TEPCO’s increasingly pessimistic outlook has triggered major worries among investors. The stock was down 10 percent Friday and has plunged 80 percent since March 11.

Asia stocks hit 3-year high  Based almost exclusively on American financial data points and a weak Yen, so you know these gains will last Forever!

10 mil won't cut it, douchebags..  GE vows $10 mn aid, long-term help on Fukushima: Report

When it comes to nuclear energy, not everyone is Germany..  Example?

Nuclear crisis may go on for months.  Excerpts:

Engineers pinned their hopes on chemicals, sawdust and shredded newspaper to stop highly radioactive water pouring into the ocean from Japan's tsunami-ravaged nuclear plant Sunday as officials said it will take several months to bring the crisis under control.

Concrete already failed to stop the tainted water spewing from a crack in a maintenance pit, and the new mixture did not appear to be working either, but engineers said they were not abandoning it.
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The government said Sunday it will be several months before the radiation stops and permanent cooling systems are restored. Then there will be years of work ahead to clean up the area around the complex and figure out what to do with it.

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