Archive | November, 2011

Fears of Fission Rise at Stricken Nuclear Plant in Japan – NYTimes.com

3 Nov

Nuclear Disaster, the gift that keeps on giving:

The unexpected bursts — something akin to flare-ups after a major fire — are extremely unlikely to presage a large-scale nuclear reaction with the resulting large-scale production of heat and radiation. But they threaten to increase the amount of dangerous radioactive elements leaking from the complex and complicate cleanup efforts, raising startling questions about how much remains uncertain at the plant, the site of the world’s worst nuclear disaster since Chernobyl.

via Fears of Fission Rise at Stricken Nuclear Plant in Japan – NYTimes.com.

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Japan Revives Kamaishi Breakwater That Crumpled in Tsunami – NYTimes.com

3 Nov

The Fukshima disaster was created by that Japanese CorpState. That CorpState’s still at it:

After the tsunami and the nuclear meltdowns at Fukushima, some Japanese leaders vowed that the disasters would give birth to a new Japan, the way the end of World War II had done. A creative reconstruction of the northeast, where Japan would showcase its leadership in dealing with a rapidly aging and shrinking society, was supposed to lead the way.

But as details of the government’s reconstruction spending emerge, signs are growing that Japan has yet to move beyond a postwar model that enriched the country but ultimately left it stagnant for the past two decades. As the story of Kamaishi’s breakwater suggests, the kind of cozy ties between government and industry that contributed to the Fukushima nuclear disaster are driving much of the reconstruction and the fight for a share of the $120 billion budget expected to be approved in a few weeks.

The insistence on rebuilding breakwaters and sea walls reflects a recovery plan out of step with the times, critics say, a waste of money that aims to protect an area of rapidly declining population with technology that is a proven failure.

via Japan Revives Kamaishi Breakwater That Crumpled in Tsunami – NYTimes.com.

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A declaration of independence — from Wall Street – American Spring – Salon.com

2 Nov

The same principle can work for investment. Ian Galloway, a senior associate specializing in community development at the Federal Reserve Bank of San Francisco, envisions a compelling future.

“I can imagine a world not too far down the road,” says Galloway, “where you can walk down the street and pass a blighted piece of property, take a photo of it with your smartphone, click your CDFI [Community Development Financial Institution] app and have that photo geo-coded and sent to the local CDFI with your 25-dollar investment in the predevelopment loan that would cause that property to be redeveloped.”

via A declaration of independence — from Wall Street – American Spring – Salon.com.

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Why the protesters are going to win | the new economics foundation

2 Nov

… there is something else even more important. It is the potent idea that the protesters represent the 99%.

This is what has changed, and it is a political shift as important as anything over the past generation or more.

We have been brought up to believe that the right represents the middle classes and the left represents the working classes. It is now clear that neither right nor left in conventional politics represent the interests of either. . . .

Margaret Thatcher and Tony Blair rose to power with the support of the middle classes. But the middle classes in the UK, while they may not support the protests, are no longer prepared to put up with the financial status quo.

via David Boyle – Why the protesters are going to win | the new economics foundation.

America’s Waning Influence Has a Silver Lining – NYTimes.com

2 Nov

…the relative decline of the United States as an international force also comes with a silver lining. For decades, the United States has been the global rescuer of last resort. It is a role that has brought significant costs, both financial and human.

The last few months may well end up being an inflection point, in which the United States, though easily still the world’s leading power, no longer has quite the responsibility or the burden it once did. The pattern has been evident in the Arab Spring, with the American military playing mostly a supporting role in Libya, and now in the European financial crisis, with Asian money coming to aid the Europeans. …

In many ways, the situation is a natural evolution of the campaign promises made by Mr. Obama in 2008, when he vowed to turn away from the Bush administration’s more unilateral approach.

via America’s Waning Influence Has a Silver Lining – NYTimes.com.

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Vatican Calls for Global Oversight of the Economy – NYTimes.com

2 Nov

The Vatican called on Monday for an overhaul of the world’s financial systems, and again proposed establishment of a supranational authority to oversee the global economy, calling it necessary to bring more democratic and ethical principles to a marketplace run amok.

In a report issued by the Pontifical Council for Justice and Peace, the Vatican argued that “politics — which is responsible for the common good” must be given primacy over the economy and finance, and that existing institutions like the International Monetary Fund had not been responding adequately to global economic problems. . . .

The language in the document, which the Vatican refers to as a note, is distinctively strong. “We should not be afraid to propose new ideas, even if they might destabilize pre-existing balances of power that prevail over the weakest,” the document states.

The message prompted comparisons with the rallying cries of protest movements that have been challenging the financial world order, like the indignados in Madrid and the Occupy Wall Street protesters in New York City. Still, Vatican officials said the document was not a manifesto for disaffected dissidents.

via Vatican Calls for Global Oversight of the Economy – NYTimes.com.

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Archbishop of Canterbury Endorses Tax on Bankers – NYTimes.com

2 Nov

Dr. Williams [archbishop of Canterbury] supported a Vatican statement last week endorsing the idea of a “Robin Hood” tax on financial transaction and for a separation of the retail and investment operations banks that have relied on bailouts from public funds.

“These ideas — ideas that have been advanced from other quarters, religious and secular, in recent years — do not amount to a simplistic call for the end of capitalism, but they are far more than a general expression of discontent,” he said.

via Archbishop of Canterbury Endorses Tax on Bankers – NYTimes.com.

Matthis Chiroux: The Wisdom and Power of a Leaderless Resistance

1 Nov

With no leadership structure to dismantle, the message of the Occupy movement stands poised to self-perpetuate, impervious to traditional routes of attack. The greatest tradition in movement breaking of all time, wanton violence, could still be used against us, but as the establishment learned once again last Tuesday in Oakland, sometimes using violence to clear an intersection can fill it twice as fast.

What is to come of our struggles is a story yet unwritten. We cannot honestly say we will win. What we can say is it doesn’t matter. Simply to struggle changes to world, and we learn from the struggle and continue to fight more effectively for the change we seek.

via Matthis Chiroux: The Wisdom and Power of a Leaderless Resistance.

David Brooks, Fooled by Inequality

1 Nov

He’s at it again, being reasonable out of one side of his mouth while makin’ it up out of the other. I’m talking about David Brooks, Mr. Reasonable, the Mr. Blizzard of plausible risibility. His current column, The Wrong Inequality, is a masterpiece of rhetorical legerdemain and misdirection.

It’s about two inequalities, call them Inequality One and Inequality Two. That’s not what he calls them, but his labels are part of the misdirection, so we’ll skip them for the moment. Inequality One is the 1% vs. the 99%. Inequality Two is the college educated vs. those without college.

After laying them out Brooks helpfully observes: “These two forms of inequality exist in modern America. They are related but different. Over the past few months, attention has shifted almost exclusively to” Inequality One. And, yes, he’s right on all three counts. America has both, they’re related, and attention is now on One, rather than Two.

The point of Brook’s advertorial is that, while Inequality One is bad (his loss leader), Inequality Two is Much Much Worse. For it affects many more people, a big percentage of the 99%, though he doesn’t quite put it that way. Here’s his oh so reasonable conclusion: “If your ultimate goal is to reduce inequality, then you should be furious at the doctors, bankers and C.E.O.’s. If your goal is to expand opportunity, then you have a much bigger and different agenda.”

Notice, first of all, that that conclusion is apples vs. oranges. We’re angry at the beneficiaries of Inequality One (apples), but we’re supposed to expand opportunity in response to Inequality Two (oranges). Umm, err, Mr. David Brooks, Sir, if we’re angry at the One Percenters, what are we to do about it? He doesn’t say or suggest. All he does is divert out attention to the need for more opportunities for, well, the bottom 50%. Well, yes, they need opportunity, and debt forgiveness, health care, and jobs would be nice too. Continue reading →

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99%

1 Nov

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