A DocuDharma tradition.

Crossposted from The Stars Hollow Gazette

ek, you ask, why do you live blog dull things like Formula One, College Basketball, and Le Tour instead of exciting ‘once in a lifetime’ events like the Royal Wedding?

Crossposted from The Stars Hollow Gazette

Culture of Complicity Tied to Stricken Nuclear Plant

By NORIMITSU ONISHI and KEN BELSON, The New York Times

Published: April 26, 2011

Despite a new law shielding whistle-blowers, the regulator, the Nuclear and Industrial Safety Agency, divulged Mr. Sugaoka’s identity to Tokyo Electric, effectively blackballing him from the industry. Instead of immediately deploying its own investigators to Daiichi, the agency instructed the company to inspect its own reactors. Regulators allowed the company to keep operating its reactors for the next two years even though, an investigation ultimately revealed, its executives had actually hidden other, far more serious problems, including cracks in the shrouds that cover reactor cores.

Investigators may take months or years to decide to what extent safety problems or weak regulation contributed to the disaster at Daiichi, the worst of its kind since Chernobyl. But as troubles at the plant and fears over radiation continue to rattle the nation, the Japanese are increasingly raising the possibility that a culture of complicity made the plant especially vulnerable to the natural disaster that struck the country on March 11.

…

A 10-year extension for the oldest of Daiichi’s reactors suggests that the regulatory system was allowed to remain lax by politicians, bureaucrats and industry executives single-mindedly focused on expanding nuclear power. Regulators approved the extension beyond the reactor’s 40-year statutory limit just weeks before the tsunami despite warnings about its safety and subsequent admissions by Tokyo Electric, often called Tepco, that it had failed to carry out proper inspections of critical equipment.

The mild punishment meted out for past safety infractions has reinforced the belief that nuclear power’s main players are more interested in protecting their interests than increasing safety. In 2002, after Tepco’s cover-ups finally became public, its chairman and president resigned, only to be given advisory posts at the company. Other executives were demoted, but later took jobs at companies that do business with Tepco. Still others received tiny pay cuts for their role in the cover-up. And after a temporary shutdown and repairs at Daiichi, Tepco resumed operating the plant.

…

In Japan, the web of connections between the nuclear industry and government officials is now popularly referred to as the “nuclear power village.” The expression connotes the nontransparent, collusive interests that underlie the establishment’s push to increase nuclear power despite the discovery of active fault lines under plants, new projections about the size of tsunamis and a long history of cover-ups of safety problems.

Sound like anyplace we know?

I’m not even sure I’ll watch it because I’m sure I won’t understand most of it.  While fluent in C and Basic I don’t understand Fedese (if there is indeed any understanding of it and it’s not just insincere shamen babbling nonsense in tongues to confuse and impress the ignorant).

Clearly Samuelson economics works and in the words of Krugman (who only has a Nobel Prize in Economics)-

(R)ight now, we’re living in a world in which basic economics points to conclusions utterly at odds with what Very Serious People are supposed to believe, in which radical outsiders base their views on standard economics while orthodox types turn to heterodox, highly dubious speculations.

Econ 101, buttressed if you like by fancier New Keynesian models, says that contractionary fiscal policy is, well, contractionary. Yet much of the world of movers and shakers bought into the exotic notion that expectational effects – the confidence fairy – would make contractionary policy expansionary. And they clung to this belief even as the supposed historical evidence in favor of expansionary austerity was thoroughly debunked.

The blogosphere is full of intelligent questions that will never be asked but my favorite so far was propounded by Sen. Bernie Sanders (via dday).

Sanders’ report found-

(N)umerous instances during the financial crisis of 2008 and 2009 when banks took near zero-interest funds from the Federal Reserve and then loaned money back to the federal government on sweetheart terms for the banks. The banks pocketed interest on government securities that paid rates up to 12 times greater than the Fed’s rock bottom interest charges. … “This report confirms that ultra-low interest loans provided by the Federal Reserve during the financial crisis turned out to be direct corporate welfare to big banks,” Sanders said. “Instead of using the Fed loans to reinvest in the economy, some of the largest financial institutions in this country appear to have lent this money back to the federal government at a higher rate of interest by purchasing U.S. government securities.”

Chairman Bernanke, in light of this report, do you consider it good policy for the US to hand over money to the nation’s largest banks directly through this kind of scheme? Would it make just as much sense, if you find it good for the economy, to make the same investment strategy available to small businesses, states or the US government itself to deal with their budget problems? After all, it would take a true idiot not to make fantastic amounts of money if they can borrow at zero and loan money back at high rates. Why should individuals be deprived of this money-conjuring strategy?

Furthermore, shouldn’t those profits, rather than boosting the balance sheets of the large banks, have been put back into the economy? Shouldn’t that have been a condition of the direct subsidy?

I dare someone to ask that.

Anyway, your questions and reactions below and hopefully by tomorrow we’ll have some idea of what Bernanke actually said.

Crossposted from The Stars Hollow Gazette

First I’d like to draw your attention to this excellent 3 part series by Alexandra Odynova of The Moscow Times–

• The Day a Soviet Paradise Stood Still, 22 April 2011
• On the Trail of a Deadly Chernobyl Killer, 25 April 2011
• A Liquidator Searches for the Truth at Chernobyl 25 Years On, 26 April 2011

From a section of the last piece titled More Disasters Ahead?–

The key problem, he (Glushchenko) said, is plant lifetime – which is limited at 25 to 30 years but routinely extended for financial reasons by many countries.

Of the 444 reactors currently in operation worldwide, 178 have exceeded their lifetime. In Russia, 19 out of 32 reactors will be working past their expiration date by 2013, Glushchenko said.

There is no better illustration to his point than the Fukushima plant, which was commissioned in 1971 and also had its official lifetime extended.

Despite warnings from global nuclear safety bodies, Fukushima continued to operate – until a tsunami hit in March, disabling the emergency generators and putting the reactor on the brink of a meltdown. A handful of “nuclear samurais” are still trying to clean up the disaster, much like Glushchenko and his team did at Chernobyl 25 years ago.

“Liquidators” is what the 600,000 Russians who worked on containing Chernobyl called themselves.  From The Telegraph–

Chernobyl’s managers initially tried pumping water into the reactor core but when this proved unsuccessful they turned to dumping boron carbide and a total of 4,000 tons of lead, sand and clay on the facility.

The material was dropped from helicopters, and pilots on the initial flights received abnormal doses of radiation as they hovered in stationary mode over the reactor.

Later they dumped their loads while moving over the reactor, causing additional destruction around the area that may have assisted the spread of the radiation.

…

In October, a concrete shelter, called a sarcophagus, was completed to prevent further leakage of radiation from reactor number four and allow the other reactors at the Chernobyl plant to continue producing power for Ukraine.

How are things going at our new Chernobyl?

Leaks Probed as Japan Moves to Cool Reactors

By MITSURU OBE, The Wall Street Journal

APRIL 26, 2011, 5:35 A.M. ET

(A)n apparent leakage in the pressure vessel of the No. 1 reactor has left the fuel partially exposed above the level of the cooling water, with a steady supply of fresh water keeping it cool. By filling up the entire containment vessel, Tepco hopes to submerge both the fuel and the pressure vessel in water.

…

Concerns also have grown about a possible leak in the spent fuel pool of Reactor No. 4, said Hidehiko Nishiyama, spokesman of the government’s Nuclear and Industrial Safety Agency. The pool holds the most fuel rods among the complex’s six reactor buildings, including both spent and active nuclear fuel.

…

A week-old operation to drain radioactive water from the complex continues to suffer fresh setbacks. While the operator has focused on dealing with water in Reactor No. 2, seen as the most radioactive in the complex, the flooding situation has slowly deteriorated in Reactors Nos. 3 and 4, where the levels of water in the basements of their respective turbine buildings have increased in the last 10 days.

Radiation contamination also has spread from the turbine building of No. 3 to the Reactor No. 4 turbine building, raising the possibility that water in No. 4 may need to be cleansed of radiation before being stored in one of the makeshift tanks Tepco is planning to build.

Crossposted from The Stars Hollow Gazette

I won’t link Ezra directly because as far as I’m concerned he’s not just a poor writer and below average intellect, he’s also a thoroughgoing Beltway Buttkissing hypocritical “pretend” liberal.

But that won’t stop my pointing out like a broken clock, he’s right for once.

Ezra Klein: Obama is "a moderate Republican of the early 1990s"

by Gaius Publius, Americablog

4/26/2011 01:05:00 PM

(T)his is just the logical endpoint of two years spent arguing over what Barack Obama is – or isn’t. … We’ve obsessed over every answer except the right one: President Obama, if you look closely at his positions, is a moderate Republican of the early 1990s.

First, the “Obama is a Republican” meme is getting mainstreamed. Great news. Time to call it right, in the same way that Krugman is starting to call it right – out loud.

Second, Klein seems to be bending over to praise Republicans; either that, or he’s an admirer himself, and sincerely so. We need to acknowledge that about Klein. (In that sense, this is a “state of the Klein” piece as much as a “state of the Obama” article.)

(h/t lambert)