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West Coast of North America to Be Hit Hard by Fukushima Radiation

“While many people assume that the ocean will dilute the Fukushima radiation, a previously-secret 1955 U.S. government report concluded that the ocean may not adequately dilute radiation from nuclear accidents, and there could be ‘pockets’ and ‘streams’ of highly-concentrated radiation. A team of top Chinese scientists has just published a study showing that Fukushima nuclear pollution is becoming more concentrated as it approaches the West Coast of the United States, that the plume crosses the ocean in a nearly straight line toward North America, and that it appears to stay together with little dispersion.” Continue reading →

New turbine to capture energy from both wind and waves slated for testing

“A Japanese company is set to test a new power generation system which — for the first time — should harness the energy of both the sea and the wind to feed the demand for electricity on land. That’s the dream of chief visionary Takuju Nakamura, anyway. At the Tokyo headquarters of his company, Modec, Nakamura explained that the new turbine design should generate about twice as much power as a traditional wind turbine of the same diameter. Nakamura explained that 80 to 90 percent of the power generated would come from the large wind-catching turbine floating over the sea, with another underwater turbine expected to produce the rest.” Continue reading →

Japan’s nuclear crisis deepens, China expresses ‘shock’

“The U.N.’s International Atomic Energy Agency (IAEA) said on Wednesday it viewed the situation at Fukushima ‘seriously’ and was ready to help if called upon, while nearby China said it was ‘shocked’ to hear contaminated water was still leaking from the plant, and urged Japanto provide information ‘in a timely, thorough and accurate way’. The plant’s operator, Tokyo Electric Power Co, or Tepco, has been criticized for its failure to prepare for the disaster and has since been accused of covering up the extent of the problems at the plant. After months of denial, Tepco recently admitted the plant was leaking contaminated water into the Pacific Ocean.” Continue reading →

Japan’s nuclear crisis deepens, China expresses ‘shock’

The FED’s $500 Billion/Year Mortgage Subsidy Has Backfired

“Mortgage applications decreased 4.6 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending August 16, 2013. The Market Composite Index, a measure of mortgage loan application volume, decreased 4.6 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index decreased 5 percent compared with the previous week. The Refinance Index decreased 8 percent from the previous week. The Refinance Index has dropped 62.1 percent from the recent peak reached during the week of May 3, 2013.” Continue reading →

The FED’s $500 Billion/Year Mortgage Subsidy Has Backfired

Bernanke’s Bust: Median Household Income Is Lower Today Than in 2009

“Median household income is a good test of a household’s economic well-being. Half of households earn more. Half earn less. With mean average income, the incomes of the rich skew the figure upward. Not with median income. After four years of the Federal Reserve’s tripling of the monetary base, Americans are worse off today. What’s that? Worse than in the supposed bottom of the recession? Yes. This report tells the story. Household income is down 4.4%.” Continue reading →