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Archive for March 17th, 2011
Nuclear Problem In Japan: Is Obama Partly Responsible?
March 17th, 2011 | 
Author:
2226: The Yomiuri Shimbun newspaper, quoting a senior official of the ruling Democratic Party of Japan, said the US made the offer immediately after the disaster damaged Fukushima No 1 nuclear plant. According to the unnamed senior official, US support was based on dismantling the troubled reactors run by Tokyo Electric Power (TEPCO) some 250 km (155 miles) northeast of Tokyo. However, the government and TEPCO thought the cooling system could be restored by themselves, the report said.
Am I reading this right?
Our government demanded that the Japanese dismantle – that is, permanently remove – over five gigawatts of power in order to help them with a critical safety problem that had the potential to destroy 100 square miles of land and kill or injure thousands of people?
That as compensation for helping them we demanded that they cripple their electrical generating capacity on a permanent basis?
You have to be kidding me.
This is an extremely serious charge. If it’s true it stands alone as grounds for impeachment and dismembering every single federal agency involved.
Perhaps this explains why the US Military and/or civilian authorities didn’t stick a couple of big-ass generators on a transport plane and get them over there, restoring power to the reactors within hours of the incident and avoiding all of the serious radiation and physical damage at the plant.
This allegation is ridiculously incendiary and demands an immediate and complete Congressional investigation. Not only do the citizens of the United States deserve to know the truth (or falsity) of this charge (and who initiated it if it is false), but so do the Japanese people.
If this is how this man treats our friends – attempting to use a crisis threatening the lives of civilians to score a political point and advance his “green” agenda…..
Posted in Barack Obama, Corruption, Government, Green Initiative, Japan | 
Tags: Barak Obama, Corruption, Green Energy, Japan, Lies | 
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Consumer Price Index (CPI): Some Like It Hot
The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.5 percent in February on a seasonally adjusted basis, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 2.1 percent before seasonal adjustment.
Wait a second… I thought that 1-2% was what The Fed targeted? Oh, and this is over the last 12 months, since this is a trailing indicator. PPI, of course, is a leading indicator, and it was hotter than a pistol yesterday.
Let’s have us a look inside…..
Yuck. The areas highlighted are selected for their impact on the lower and middle income Americans, and they’re ugly. These annualized rates are over ten percent for food and seriously ugly when one looks at energy, which we all need to buy. In addition the so-called “zero” inflation for Americans is coming with a roughly 5% escalation in actual medical costs, and since many of those costs are “absorbed” and shifted due to our so-called “insurance” system the true rate of price change is likely even higher.
I wish I could give you good news from our so-called “robust” services side. I can’t. Non-durables less food and apparel (you can choose not to buy clothes for a while) have an annualized rate of price change exceeding twenty-five percent, and this is not a one-month aberration – it now extends over three months and thus must be considered valid. This is the start of the push-through that I have talked about since August’s PPI release, and is going to get worse, showing up both on the shelf and also in margins.
This is a bad release folks, and the trend is going the wrong way. Sadly, the usual transmission delay into margins and prices, around nine months, appears to be pretty-much spot-on, and the impacts are showing up exactly where I would expect them to, given the food and energy situation.
The only glimmer of good news, if you need to grasp for some, is that since the largest component of this is rising energy costs should we get some sort of relaxation there the impact would likely become muted as well. The bad news is that if it happens it likely comes from a global “double dip” with added pressure coming from what is certain to be some sort of disruption in normal capital flows as a consequence of the events in Japan.
Posted in Consumer Prices, Consumers, Debt, Economic Crisis, Economy, Government, Inflation, middle class, Money, Price Inflation |
Tags: Consumer, Inflation |
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proudly supports:
Bill Still For President
for Congress
Michigan 11th District
By Bill Still
There is only one answer for the world economic situation; monetary reform.
1. No More National Debt
2. No More Fractional Lending
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