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    Daily Digest 3/15 – More On Japan Quake, ‘Anonymous’ Pledges Civil Disobedience, What Now For Nuclear Power?

    by DailyDigest

    Tuesday, March 15, 2011, 2:40 PM

  • Japan Earthquake: Before And After
  • Japan Earthquake: Rescue, Recovery, and Reaction
  • Hacker Group Anonymous Brings Peaceful Revolution To America: Will Engage In Civil Disobedience Until Bernanke Steps Down
  • Nikkei Flash Crash – Futures Plummet 16% As All Hell Breaks Loose In Japan
  • Japan Faces Nuclear Meltdown
  • What Now For Nuclear Power?
  • Nuclear Power: When The Answer Becomes The Problem
  • What The Media Doesn’t Get About Meltdowns
  • Analysis: Seawater Helps But Japan Nuclear Crisis Is Not Over

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Economy

Japan Earthquake: Before And After (Phil H.)

Aerial photos taken over Japan have revealed the scale of devastation across dozens of suburbs and tens of thousands of homes and businesses.

Japan Earthquake: Rescue, Recovery, and Reaction (jdargis)

Search and rescue teams arriving in Japan’s hardest hit areas are so far finding very few survivors, after last week’s devastating earthquake. The official number of deaths has climbed above 1,800, but officials fear the eventual number may exceed 10,000, as thousands of bodies are now being discovered on remote beaches.

Hacker Group Anonymous Brings Peaceful Revolution To America: Will Engage In Civil Disobedience Until Bernanke Steps Down (Joe M.)

The world’s most (in)famous hacker group – Anonymous – known for effectively shutting down their hacking nemesis security firm (with clients such as Morgan Stanley and, unfortunately for them, Bank of America)- HBGary, advocating the cause of Wikileaks, and the threat made by one of its members that evidence of fraud by Bank of America will be released on Monday, has just launched communication #1 in its Operation “Empire State Rebellion.” The goal – engage in “a relentless campaign of non-violent, peaceful, civil disobedience” until Ben Bernanke steps down and the “Primary Dealers within the Federal Reserve banking system be broken up and held accountable for rigging markets and destroying the global economy effective immediately.”

Nikkei Flash Crash – Futures Plummet 16% As All Hell Breaks Loose In Japan (pinecarr)

All hell is currently breaking loose following an explosion at reactor #2 and a another hydrogen explosion at reactor #4 per Kyodo, leading to a 16% drop in Nikkei futures as blind panic grips Japan. Kyodo essentially confirms there was a reactor meltdown as radiation levels at Fukushima 3 are now 400 times legal levels. And topping it all Japan’s warning that all people within 30 kilometers from Fukushima should stay indoors and that the radioactive winds may reach Tokyo in as little as 8-10 hours. The BOJ has just intervened to prevent the yen from surging, as the following chart shows. Our prayers are with the people of Japan.

Energy

Japan Faces Nuclear Meltdown (pinecarr)

Chernobyl was a 3,200-megawatt reactor which exploded while working at peak capacity. The three reactors in Japan are around 500 megawatts each and they were immediately and successfully turned off with the first tremors of the earthquake. Once it turns off, its output is reduced to about 5% or 25 megawatts.

His assessment is backed by that of James Stubbins, a nuclear energy expert at the University of Illinois, who claimed, “The likelihood there will be a huge fire like at Chernobyl or a major environmental release like at Chernobyl, I think that’s basically impossible.”

What Now For Nuclear Power? (Ivo)

“After the earthquake and tsunami in Japan followed by the ever-worsening stream of terrible news relating to the countries nuclear power facilities, even the last remaining advocates of the technology must realize that we can’t go on like this. It is over. Done. Finished. Nuclear energy cannot be controlled by humans, no matter how good the arguments might be in its favor. The danger of disaster is real, and it can happen at any time – even in a super high-tech country like Japan.”

Nuclear Power: When The Answer Becomes The Problem (guardia)

Japan certainly has stricter building regulations than many countries but unfortunately that doesn¹t mean they are strictly enforced. Some years back many buildings constructed according to these rules were found to be substandard because avaricious construction companies had cut corners.

Nevertheless, there has been widespread complacency that things are OK. For example, last month several Japanese said to Rick that what happened in Christchurch “would not happen in Japan”.

What The Media Doesn’t Get About Meltdowns (jdargis)

“I covered Chernobyl and I covered Three Mile Island,” NBC’s chief science and health correspondent Robert Bazell said today. “So far it’s not anything like Chernobyl. Let’s keep our fingers crossed that it will continue to stay that way.” A jet-lagged Bazell, who had just arrived in Tokyo, stressed, “the situation here is still not under control.” He emphasized that “it is a race against time” to prevent a serious breach of the containment structures housing the nuclear fuel cores in at least two reactors at Japan’s Fukushima Daiichi nuclear power station, as well as potential dangers at several other plants in the region.

Analysis: Seawater Helps But Japan Nuclear Crisis Is Not Over (jdargis)

Tokyo Electric Power (TEPCO) workers on Sunday were pouring seawater into two reactor cores at the coastal Fukushima Daiichi power plant and were considering using seawater on a third. Authorities have been forced to vent radioactive steam into the air to relieve pressure in the plant and reactors at the company’s nearby Daini plant are also troubled.

“I am not aware of anyone using seawater to cool a reactor core before. They must be desperate to find water and the seawater was the only thing nearby,” said Richard Meserve, former chairman of the U.S. Nuclear Regulatory Commission and president of the Carnegie Institution, in an interview on Sunday.

Article suggestions for the Daily Digest can be sent to [email protected]. All suggestions are filtered by the Daily Digest team and preference is given to those that are in alignment with the message of the Crash Course and the “3 Es.”

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