Nuclear power is unsafe and too expensive to justify building new plants anywhere in the world, according to the Japanese prime minister at the time of the Fukushima nuclear accident.
Speaking on the fifth anniversary of the disaster, Naoto Kan said he was against the idea of Japanese manufacturers such as Hitachi and Toshiba building plants in the UK.
“Nuclear power is not safe. In the worst case scenario up to 50 million people would have had to be evacuated. Nuclear power is not a suitable technology and renewable power is much better,” Kan told the Guardian.
The former prime minister insisted he did not want to tell other countries such as Britain what to do but he said he did not support the reactors being switched back on in Japan.
His warning came as Britain’s nuclear plans are hanging in the balance because of delays over the go-ahead for EDF Energy’s Hinkley Point C project in Somerset and concerns about the project’s financial viability.
The bad news is that Centrus won't make any money any time soon, if ever. They shut down their old production facilities and gave up hope on building their new plant. They are mortally wounded. I suspect the new contracts contain escape clauses if Centrus is unable to fill them.
I'd be amazed if the stock got back over $3.
I wish the news was better.
This guy has my respect!
Morris Bawabeh Purchases 100,957 Shares of Centrus Energy Corp (LEU) Stock
March 2nd, 2016 - By Thomas Dobrow - 0 comments
Centrus Energy Corp logoCentrus Energy Corp (NYSE:LEU) major shareholder Morris Bawabeh purchased 100,957 shares of the business’s stock in a transaction on Tuesday, March 1st. The stock was purchased at an average price of $1.38 per share, for a total transaction of $139,320.66. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Large shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.
When it rained or snowed the radioactive dust found its way to the ground, much of which was absorbed by lichen and mushrooms.
Reindeer normally eat a lot of lichen, or reindeer moss as it is sometimes known locally, in fact in the winter it can make up most of their diet.
But this year there was an unusually large mushroom crop, and according to Radio Free Europe scientists believe this is behind the increased reindeer radiation.
Reindeer meat is eaten in Norway, and the wider Scandinavian countries, and is a vital source of income for the indigenous Sami people, who are known for herding the animals.
The Norwegian government allows a relatively high level of radiation in reindeer meat, 3,000 becquerel, which was increased in response to the threat to the Sami herders way of life, the website says.
Even so, this year’s animals, with readings of 8,200 becquerel render most of the meat unsellable, and so many reindeer were released back into the wild rather than slaughtered.
The radiation in Norway has a half-life of 30 years, which means that today there is half as much radioactivity left as there was in 1986.
But with reindeer recording such high levels it could still be many years before the animals return to normal.
Russian President Vladimir Putin met with Iran Defense Minister Brigadier General Hossein Dehqan regarding the purchase of the S-300 air defense system and offensive weapons that include Moscow's most sophisticated T-90 tanks and Su-30 Flanker fighter jets. Thus one of the key provisions of the Iran nuclear deal, a.k.a. UN Resolution 2231 — requiring Tehran to get UN permission before acquiring "battle tanks, armoured combat vehicles, large calibre artillery systems, combat aircraft, attack helicopters, warships, missiles or missile systems" — is on the verge of being ignored. Adding insult to injury, Gen. Dehqan is believed to be the architect of the 1983 Beirut bombing that killed 241 American service members.
Iran is also expected to thumb its nose at the same resolution this month when they test a Simorgh space launch vehicle characterized by U.S. officials as the basis of their covert program to develop long-range nuclear missiles. An unnamed State Department official who spoke with The Washington Free Beacon epitomized the administration's flaccid response to the prospect, declining to speculate as to whether such a launch would violate the agreement, but promising to address any Iranian actions "inconsistent with any relevant U.N. Security Council resolutions ... through the appropriate channels." Iran insists the space launch vehicle's 220 pound payload is too small to carry a first-generation nuclear warhead. The Beacon's Bill Gertz reveals otherwise: "Space launch technology is identical to long-range missile technology."
And from whom is Iran getting the technological expertise for such an effort? An April exposé by Gertz reveals that while the nuclear negotiations with Iran were proceeding, North Korea supplied the mullahs with "several shipments of missile components" that also "appear to violate UN sanctions on both countries." That would be the very same North Korea that South Korea's National Intelligence Service (NIS) asserts is planning a terrori
Days before North Korea’s latest nuclear-bomb test, the Obama administration secretly agreed to talks to try to formally end the Korean War, dropping a longstanding condition that Pyongyang first take steps to curtail its nuclear arsenal.
Instead the U.S. called for North Korea’s atomic-weapons program to be simply part of the talks. Pyongyang declined the counter-proposal, according to U.S. officials familiar with the events. Its nuclear test on Jan. 6 ended the diplomatic gambit.
The episode, in an exchange at the United Nations, was one of several unsuccessful attempts that American officials say they made to discuss denuclearization with North Korea during President Barack Obama’s second term while also negotiating with Iran over its nuclear program.
The State Department on Sunday acknowledged the U.S. exchange with North Korea, saying it took place in accordance with longstanding U.S. goals.
Mr. Obama has pointed to the Iran deal to signal to North Korea that he is open to a similar track with the regime of Kim Jong Un. But the White House sees North Korea as far more opaque and uncooperative. The latest fruitless exchanges typified diplomacy between the U.S. and Pyongyang in recent years.
SEOUL, Feb. 14 (Yonhap) -- South Korea should consider breaking away from a treaty on the non-proliferation of nuclear weapons, a former ruling party leader said Sunday, arguing the country fell into a "state of national emergency" following North Korea's latest nuclear and missile tests.
"It is an empty cry at the weak and self-deception for South Korea to stick to the Joint Declaration on Non-nuclear Korean Peninsula only to maintain our morally dominant position at a time when the gap between the two Koreas' asymmetric warfare capabilities is widening with the North's possession of nuclear weapons," Chung Mong-joon, a former leader of the governing Saenuri Party, said in a post on his blog.
"I'm not saying that we should quit the treaty right now but should explain to the world what's wrong with the NPT system that failed to bar Pyongyang from pursuing nuclear programs and work out measures to exercise our rights."
South Korea is a member country of the Non-Proliferation Treaty (NPT) which bans non-nuclear states from newly possessing nuke devices. The North walked out of the treaty in 1993.
In the non-nuclear agreement signed in 1991, the two Koreas pledged not to test, produce, receive, possess, store, deploy or use nuclear weapons and not to possess facilities for nuclear reprocessing and uranium enrichment.
The United States accordingly pulled all surface- and sea-launched short-range tactical nuclear weapons out of its army bases in South Korea and then South Korean President Roh Tae-woo also announced principles for ensuring the peace and non-nuclear status of the peninsula.
Israel has picked up signs of the beginning of a nuclear arms race in the Middle East as Arab states seek nuclear weapons to counter Iran, the Israeli defence minister has warned.
Moshe Ya'alon said Sunni Arab nations were not reassured by last year's nuclear deal between Iran and six world powers and were making their own preparations for nuclear weapons.
"We see signs that countries in the Arab world are preparing to acquire nuclear weapons, that they are not willing to sit quietly with Iran on brink of a nuclear or atomic bomb," Mr Ya'alon said.
The defence minister gave no evidence to back up his claims but Israel closely monitors the military activities of its Arab neighbours.
Israel and the Sunni Gulf countries do not have diplomatic ties but are known to talk through back channels and are united in their opposition to Iran.
US Secretary of State John Kerry and Iranian Foreign Minister Mohammad Javad Zarif at the start of talks on Iran's nuclear programme, in Lausanne, Switzerland
Advocates of the nuclear deal, including President Barack Obama, argue that the agreement heads off a Middle East arms race as Iran's nuclear capabilities are rolled back.
But Mr Ya'alon said Iran was liable to break the agreement as their economic situation improves with the lifting of international sanctions. "If at a certain stage they feel confident, particularly economically, they are liable to make a break for the bomb."
Even if the agreement for Iran to limit its nuclear enrichment holds, Mr Ya'alon said its 15-year expiry date was "just around the corner".
He did not specify which Arab nations were making nuclear preparations but Saudi Arabia, the leader of the Sunni states, is considered the most likely candidate.
Its vast oil wealth could help fund a nuclear programme while its ties with Pakistan, a nuclear power, could provide technical expertise.
Most traders who are shorting oil are taking their profits today. When they cover, oil goes up. We may even get a bit of a short squeeze. Supply still exceeds demand so the trend remains down for now.
Let me make a prediction: If S Korea asks for strategic nukes, President Obama will say "No" for fear of offending China or because he is afraid of nuclear proliferation or because "leading from behind" is identical to "running away" when confronted. This will demonstrate that the idea of a US "nuclear shield" is a lie with Obama as President. This emboldens China, Russia, and North Korea to act more aggressively and kicks off a REAL nuclear arms race with Japan and South Korea to seek nuclear weapons.
Meanwhile, since Obama green-lit Iran's nuclear weapons, Saudi Arabia and probably Turkey and possibly Egypt will realize they need to buy or develop nuclear weapons.
The US Congress should immediately petition the Nobel Peace Prize Committee to take back Obama's Nobel Prize.
South Korea announced on Feb. 10 that it’s closing down the inter-Korean economic project at Kaesong Industrial Complex which Seoul set up 12 years ago to provide hard currency earnings for the North Korean regime.
South Korean minister of unification affairs Hong Yong Pyo made it clear that the measure was a protest against the North’s nuclear test in January and its test-firing of a long-range missile on Sunday. Hong said his officials will talk with North Korean officials to decide the official closure of 120 factories within the area operated by South Korean firms but employing North Korean workers.
More than 50,000 North Koreans labor inside the complex producing garments and kitchen wares. As a result of the closure, North Korea will be losing about $100 million a year in wages and other services provided to these factories.
The Park government is making it clear that this measure is a retaliation against the North’s nuclear and missile programs. The South will halt electric power and water supplies to the complex, effectively halting its operation. It’s the first tough retaliation Seoul is taking against the North’s aggressive behavior.
Meanwhile, the Park government has come under pressure from conservatives who want Seoul to seek a nuclear program of its own to counter the North’s threats. This will not be easy to translate into action as South Korea is a signatory of the nuclear nonproliferation treaty. South Korea is also covered under the US nuclear umbrella. But the media is calling for a change in the country’s current nuclear stance.
“At least, the government can request to bring back the tactical nuclear weapons” the US withdrew in 1992, according to the influential Chosun Ilbo newspaper. But others are calling for an Israeli formula of acquiring an independent nuclear force. The major voice calling for this option is Chung Mong June, the ruling Saenuri Party’s major conservative voice.
North Korea has expanded a uranium enrichment facility and restarted a plutonium reactor that could start recovering spent fuel in weeks or months, the U.S. intelligence chief said Tuesday in delivering the annual assessment by intelligence agencies of the top dangers facing the country.
Director of National Intelligence James Clapper said that Pyongyang announced in 2013 its intention to refurbish and restart nuclear facilities, to include the uranium enrichment facility at Yongbyon and its graphite-moderated plutonium production reactor, which was shut down in 2007.
"We assess that North Korea has followed through on its announcement by expanding its Yongbyon enrichment facility and restarting the plutonium production reactor," Clapper said in an opening statement to the Senate Armed Services Committee. "We further assess that North Korea has been operating the reactor long enough so that it could begin to recover plutonium from the reactor's spent fuel within a matter of weeks to months."
Clapper also said that Islamic militants will continue plotting against U.S. interests overseas and homegrown attacks will pose the most significant threat from violent extremists to Americans at home.
"The perceived success of attacks by homegrown violent extremists in Europe and North America, such as those in Chattanooga and San Bernardino, might motivate others to replicate opportunistic attacks with little or no warning, diminishing our ability to detect terrorist operational planning and readiness," he said.
"ISIL involvement in homeland attack activity will probably continue to involve those who draw inspiration from the group's highly sophisticated media without direct guidance from ISIL leadership," he said using an acronym for the militant group.
Clapper also said Iran remains the top state sponsor of terrorism, al-Qaida-linked groups remain resilient and the U.S. will continue to see cyber threats from China, Russia and North Korea.
Back during the darkest days of the financial crisis, President Barack Obama summoned the heads of the big Wall Street banks to the White House and told them they had better get their act together. “My administration,” Obama said, “is the only thing between you and the pitchforks.”
Obama’s administration will soon come to an end, a prospect many bank executives anticipate with joy. But the pitchfork-wielding populists haven’t exactly gone away. Instead, many have rallied to the presidential candidacy of Vermont Senator Bernie Sanders. At a Feb. 7 rally in Portsmouth, New Hampshire, Sanders made it clear that unlike Obama, he would channel, rather than deflect, anti-Wall Street anger if elected president. To a throng of 1,500 voters packed into a community college gymnasium, Sanders vowed to crack down on Wall Street bankers. As he spoke, Sanders was continually interrupted by shouts from the audience of “Break ‘em up!” and “They should go to jail!”
Of course, if Bernie is elected and keeps his promise a new banking crisis bigger than the one in 2007 would ensue. FAZ is a good place to be!