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The dismal news keeps coming for the Fukushima nuclear power facility. According to NHK World, TEPCO is admitting to detecting radioactive cesium about one kilometer off shore. While the level is low, it is the secoond time radioactive substances have been found that far offshore and it is believed to be from wastewater leaking out with the groundwater. The company, reassuringly, says the leak poses no environmental risk… As if that was not enough, Bloomberg reports TEPCO also found high levels of radiation in the drainage ditches and wells at the site. Of course, this will likely be met with cries of delight by Abe who will “need to build a bigger wall” to contain the leaks and thus create a Keynesian utopia from the ‘broken nuclear plant fallacy’ that is ongoing.
Via NHK World,
Tokyo Electric Power Company says a very small amount of radioactive cesium has been detected about one kilometer off the damaged Fukushima Daiichi nuclear plant it operates.
TEPCO has been analyzing seawater taken at 5 locations outside the plant’s harbor. This is to monitor the spread of radioactive substances in wastewater that’s believed to be seeping out with groundwater.
A sample taken last Friday about one kilometer offshore was found to contain 1.6 becquerels of cesium-137 per liter.
The level is far below the 90 becquerels-per-liter limit for releasing cesium-137 into the sea. But it is the second time the substance has been detected at this location since monitoring began in August. The previous finding was on October 8th.
TEPCO says it does not know why cesium has been found at that specific spot. But the company says it poses no environmental risk as the level is near the minimum detection threshold. It adds that hardly any cesium is being found elsewhere in the sea outside of the port.
Co. found 59,000 Bq/L of beta radiation levels from water taken yesterday at B-2 drainage ditch at Fukushima Dai-Ichi plant, higher than previous record of 34,000 Bq/L in Oct. 17 sample, according to an e-mailed statement from the utility.
Co. detects 350,000 Bq/L of tritium radiation at monitoring well “No. 1-12” near turbine buildings, according to a separate statement
First time to take sample from monitoring well “No. 1-12, Co. found record 790,000 Bq/L of tritium radiation near H4 storage tank area on Oct. 17
We just can’t wait to see the Olympic sailing events with boats whose hulls are lead-shielded…
- Radiation levels near Japan’s damaged Fukushima reactor hit two-year high (reuters.com)
- Radioactive cesium again detected off coast of Fukushima plant (english.kyodonews.jp)
- Fukushima overwhelmed with radioactive water – Asia-Pacific – Al Jazeera English (olduvaiblog.wordpress.com)
- Fukushima News 10/20/13:”The Ocean Is Broken” ; More Leaks & Super Typhoon Heads For Japan (familysurvivalprotocol.com)
U.K. house prices rose to a record last month as easier access to credit drove first-time buyers back to the market. As Bloomberg reports, the second phase of the government’s Help to Buy program was introduced this week, providing government-guaranteed mortgages to buyers with smaller deposits. The acceleration has fueled further concerns that the initiative may stoke a bubble. But have no fear…
- *BOE’S CUNLIFFE SAYS U.K. HOUSING NEEDS TO BE WATCHED CAREFULLY
- *CUNLIFFE SAYS DOESN’T AGREE U.K. IS ENTERING A HOUSING BUBBLE
What could go wrong? – “Demand has increased significantly in a short space of time, and raced ahead of the supply of homes.” Now where have we heard that before?
U.K. house prices rose to a record last month as easier access to credit drove first-time buyers back to the market, Acadametrics said….
- U.K. September Inflation Rate Unexpectedly Stays at 2.7% (bloomberg.com)
- U.K. September Home Prices Rise as Aid Programs Boost Demand – Bloomberg (bloomberg.com)
- Cameron’s Housing-Market Loan Fix Seen as Bad Policy for Britain (bloomberg.com)
- House prices hit record high during summer (theguardian.com)
- Re: Which Housing Bubble Is Going To Pop first: Australia, U.S., U.K. or Singapore? (forum.prisonplanet.com)
- Billionaire Bloomberg urges teens to skip college and become plumbers (refreshingnews99.blogspot.in)
- NYC Mayor Bloomberg reportedly threatens to ‘fucking destroy’ the taxi industry (theverge.com)
- Mayor Bloomberg Reportedly Told NY Taxi Boss ‘I Am Going To Destroy Your F—ing Industry’ (businessinsider.com)
- ‘They’ve bought everyone’s silence’: Drillers paying out fracking settlements to land owners on one condition – keeping quiet (business.financialpost.com)
- Confidentiality Agreements Prevent Fracking Contamination Claims From Being Made Public (stateimpact.npr.org)
- Fracking on Federal Lands Said to Get Scaled-Back Rule Proposal (bloomberg.com)
- Make sure fracking is done right (cnn.com)
- Illinois must adopt ‘fracking’ rules, hire experts (timesleader.com)
- Ill. Passes Nation’s Toughest Fracking… – ABC News (abcnews.go.com)
- OECD cuts eurozone growth forecasts (bbc.co.uk)
- OECD: Europe remains threat to world economy (miamiherald.com)
- OECD cuts eurozone growth forecasts and backs to George Osborne’s austerity plan as Europe faces unemployment crises (independent.co.uk)
- World Growth Outlook Gets Cut (businessinsider.com)
- OECD warns on Irish unemployment and mortgage arrears (independent.ie)
- Trulia: Why There’s No Home-Price Bubble (blogs.wsj.com)
- Is Bernanke Blowing Bubbles? (realclearpolitics.com)
- Closing in on Brownsville: Brooklyn Gentrification Nears the Final Frontier (observer.com)
- Colony Capital’s Barrack Sees Bubble in U.S. Housing Market – Bloomberg (bloomberg.com)
- Fraud Is The Biggest Bubble In History (ritholtz.com)
- The Truth About Paul Krugman’s Economic Analysis Record (economicpolicyjournal.com)
- Fed Faces Risk of Fourth Summer Slump While Pushing QE (bloomberg.com)
- Dealers Say No End to QE in 2013 as Hatzius Sees 2016 Rate Rise (bloomberg.com)
- Fed May Shift Talks Toward More Stimulus, El-Erian Says (bloomberg.com)
- Fed Prez: “QE Is Like Ritalin, You Just Can’t Overprescribe” (dailybail.com)
- The Fed’s Favorite Measure Of Inflation Continues To Fall: QE Is Here To Stay (forbes.com)
- China demand dips for luxury cars, U.S. films… BP could cut spill bill… No end to Fed’s QE this year? (Video) (bizjournals.com)
- Forget About The Fed Dialing Back QE3; Buy Bonds (etfdailynews.com)