That crazy old uncle is talking again: Much of the reaction to the nuclear power crisis in Japan is “overblown” but the U.S. seems unlikely now to build another nuclear power plant, Rep. Ron Paul (R-Texas) said Tuesday night. “My guess is, when the dust settles, it won’t be nearly as bad as some of […]
The reactors causing all the problems in Japan were made by G.E. In 1975 three engineers with G.E., who were reviewing the Mark 1 reactors, ended up resigning. Their reason? The Mark 1’s containment design in the even of a loss of cooling was so flawed that it would lead to disaster. Sound familiar? It […]
As I’ve said countless times before; our nation is falling way behind in the world of internet communications. The latest international rankings now has the U.S. in 26th place when it comes to internet speed: When South Koreans tested their wired broadband connections over the past 30 days, they found an average downstream speed of […]
What’s that? Why it is President Nixon bowing before Emperor Hirohito in 1971. And this isn’t Nixon going to Japan to bow, this is Japan coming to America and getting a bow. Wow I didn’t know America ended 38 years ago.
Compliments of the fed: The Federal Reserve entered a new era on Tuesday, setting its benchmark interest rate so low that it will have to reach for new and untested tools in fighting both the recession and downward pressure on consumer prices. Going further than analysts anticipated, the central bank said it had cut its […]
With an hour until the opening bell things are shaping up for a bad day. Dow futures are already off 500 points. Other news: – Japan’s Nikkei stock closed 5.7% down – Hong Kong’s Hang Seng index down 8.7% – Britain’s FTSE 100 fell 0.69 percent, – Germany’s DAX index lost 2.55 percent and – […]
As markets around the globe open things are looking bad: Share prices in Asia and Australasia continued to fall sharply on Tuesday, a day after global stock indexes tumbled amid fears of a global recession. Japan’s benchmark Nikkei index plunged 1.5% in the first minute of trading. South Korean and Australian shares dropped by around […]
And Australia’s new Prime Minister is hard at it: On his first day in office, Australian Prime Minister Kevin Rudd started work on plans to sign the Kyoto Protocol. His predecessor, the conservative John Howard, refused to sign the agreement. Japan is pleased with the decision to sign the Kyoto Protocol. Tokyo says relations with […]