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Showing posts from August, 2011

Japan Held Nuclear Data, Leaving Evacuees in Peril

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[....after the US debt crisis, another example that shows most politicians are selfish, and fear to take responsibilities] Ko Sasaki for The New York Times - Contaminated soil at a school in Koriyama, Japan. FUKUSHIMA, Japan — The day after a giant tsunami set off the continuing disaster at the Fukushima Daiichi nuclear plant, thousands of residents at the nearby town of Namie gathered to evacuate. Given no guidance from Tokyo, town officials led the residents north, believing that winter winds would be blowing south and carrying away any radioactive emissions. For three nights, while hydrogen explosions at four of the reactors spewed radiation into the air, they stayed in a district called Tsushima where the children played outside and some parents used water from a mountain stream to prepare rice. The winds, in fact, had been blowing directly toward Tsushima — and town officials would learn two months later that a government computer system designed to pr...

Credibility, Chutzpah and Debt - what makes US in deep shit?!

...as one always says selfishness is the root cause of all evil.....unfortunately ... selfishness has finally caused US in real deep shit at the moment.....“The effectiveness, stability, and predictability of American policy-making and political institutions have weakened at a time of ongoing fiscal and economic challenges,” wrote S.& P. in its downgrade report... By PAUL KRUGMAN Published: August 7, 2011 To understand the furor over the decision by Standard & Poor’s, the rating agency, to downgrade U.S. government debt, you have to hold in your mind two seemingly (but not actually) contradictory ideas. The first is that America is indeed no longer the stable, reliable country it once was. The second is that S.& P. itself has even lower credibility ; it’s the last place anyone should turn for judgments about our nation’s prospects. Let’s start with S.& P.’s lack of credibility. If there’s a single word that best descri...