Dave Johnson – You Knew The TPP Was Bad. But Here’s How It Gets Even Worse

October 2, 2015

Negotiators are meeting in Atlanta, trying to wrap up the Trans-Pacific Partnership (TPP). It might be wrapped up as soon as Thursday. While the agreement is secret, there are reasons for people to be very, very concerned. Here is a news article that explains why people should be alarmed about this secret “trade” agreement that the giant corporations have come up with. Reuters reports, in “U.S. business groups oppose exceptions in Pacific trade pact“: Read

Andre Vltchek – Abe’s Japan – Fascist and Falling

September 29, 2015

Japan was my home for many years. I was running there from countless war zones, to get some rest, to enjoy beautiful nature and its ancient, deep culture. I learned all about its legends and fairytales, I knew its creeks and peaks, villages lost in time. I came here to think and to write, on board those marvelous high-speed trains, Shinkansens. But in just a few years, things have gone to the dogs: first slowly, gradually, and then more and more rapidly. Read

Citi Just Made “Global Recession In 2016” Its Base Case Scenario

September 15, 2015

Over the weekend, we reported that in a dramatic turn of events, the research division of Japan’s second biggest brokerage house, Daiwa, did what nobody else has done before and released a report in which it made a global financial “meltdown”, one resulting from nothing short of a Chinese economic cataclysm its base case scenario, its base case. It added that the impact of this global meltdown would “be the worst the world has ever seen.” To wit: Of all the possible risk scenarios the meltdown scenario is, realistically speaking, the most likely to occur. It is actually a more realistic outcome than the capital stock adjustment scenario.  The point at which the capital stock adjustment is expected to hit bottom is at a much lower point than in the previously discussed capital stock adjustment scenario (see Chart 8). As shown in the bottom right portion of this chart, the actual economic growth rate will continue to register considerably negative performance. If China’s economy, the second largest in the world, twice the size of Japan’s, were to lapse into a meltdown situation such as this one, the effect would more than likely send the world economy into a tailspin. Its

Economic Update – Precarious Work = Capitalism’s Inefficiency – 09.13.15

September 13, 2015

Updates on economics of refugees, Ford buys French political wife, LAs homeless, Labor Day history, Seattle Teachers strike, and Japan's jobs ever more precarious. Response to listeners on why rising wages need NOT mean rising prices. Interview with Dr. Harriet Fraad, mental health counselor, on the psychological pains, personal suffering, and huge social costs of imposing uncertainty and precarity on job security, hours and days of work, benefits, and wages.

Karl Grossman – “Radiation is Good for You!” and Other Tall Tales of the Nuclear Industry

September 9, 2015

The U.S. Nuclear Regulatory Commission is considering a move to eliminate the “Linear No-Threshold” (LNT) basis of radiation protection that the U.S. has used for decades and replace it with the “radiation hormesis” theory—which holds that low doses of radioactivity are good for people. The change is being pushed by “a group of pro-nuclear fanatics—there is really no other way to describe them,” charges the Nuclear Information and Resource Service (NIRS) based near Washington, D.C. Read

Pepe Escobar – Say hello to China’s new toys: Escobar

September 4, 2015

China’s aggression is destabilizing its neighbors in the South China Sea. China never stops cheating on world trade. China’s stock market is a trap for investors. China’s devaluation of the yuan is a dirty trick. China is imploding. President Xi Jinping does not have any credibility left. And China is a major threat because the Pentagon said so. Whatever. Cue to clear blue skies over Beijing – engineered with a hefty dose of political will. Lots of glittering toys – aerial and terrestrial. Guests from all over the world (absent the predictable Western suspects). A made-for-TV spectacular dwarfing the Oscars (no teary-eyed acceptance speeches!) What’s not to like? Read

Pepe Escobar – Brave (miserable) new normal world

August 28, 2015

Shares in the Shanghai/Shenzhen soared a whopping 150 percent in the 12 months up to mid-June. Small investors – almost 80 percent of the market – believed in a never-ending party, and often borrowed heavily to be part of the “get rich is glorious” bonanza. There had to be a correction. Those shares – which had hit a 7-year peak – were obviously overvalued. Couple it with a mountain of data showing essentially a Chinese economic slowdown, and the result was predictable; Shanghai and Shenzhen lost all their gains so far in 2015 – and engineered a massive global sell-off. Even notorious billionaires lost, well, billions in a flash. Read

Jane Ayers – Daniel Ellsberg Arrested at Lawrence Livermore Lab on 70th Anniversary of Nuclear Bombing of Hiroshima

August 21, 2015

ietnam War-era whistleblower Daniel Ellsberg, 84, known for releasing the Pentagon Papers in 1971, has once again been arrested for protesting U.S. nuclear weapon arsenals, this time at Lawrence Livermore Labs on Thursday, August 7, the 70th anniversary of the atomic bombing of Hiroshima, Japan. Ellsberg was arrested with fifty other protestors from the Bay Area, while 250 more joined in support to draw attention to the 2016 funding of Lawrence Livermore Labs: $1 billion for nuclear weapons, designing new long-range warheads, and upgrading existing nuclear arsenals. Read

Ian Fairlie – Fukushima: Thousands Have Died, Thousands More Will Die

August 20, 2015

New evidence from Fukushima shows that as many as 2,000 people have died from necessary evacuations, writes Ian Fairlie, while another 5,000 will die from cancer. Future assessments of fatalities from nuclear disasters must include deaths from displacement-induced ill-heath and suicide in addition to those from direct radiation impacts. “The Fukushima accident is still not over and its ill-effects will linger for a long time into the future … 2,000 Japanese people have already died from the evacuations and another 5,000 are expected to die from future cancers.” Official data from Fukushima show that nearly 2,000 people died from the effects of evacuations necessary to avoid high radiation exposures from the disaster. Read

Fukushima: “Trillions of Becquerels of Radioactive Material Still Flowing Into the Sea, Will Circulate Around Globe”

August 13, 2015

Interview with NHK journalist Morley Robertson, by the Center for Remembering 3.11, published Jun 30, 2012 (emphasis added): I begin with the radiation leakage. Radiation leakage exerts a long term effect on the environment. It contaminates our food chain, the groundwater and the ocean. And the contaminated seawater will circulate around the globe. We never know how much this will impact on the environment… We’ll never able to study such issues with empirical certainty… [Due to nuclear testing] we have already accumulated “hidden losses” of radiation damage… how much is the [Fukushima] cesium in relation to that?… I believe we should enjoy delicious food rather than worrying about the food. I enjoyed the town’s delicacy… I didn’t mind about how the beef was produced or where it came from. As long as it is tasty, it is no problem for me. With regard to radiation, I have become more optimistic. My hypothesis is that it’s no use worrying about radiation. For people in Fukushima, they have a lot to worry about their future, like damaged reputation… One reason why we have relied on nuclear plants is because we didn’t know about the facts… We need to face the facts… Rad-waste from the nuclear cycle is said to be unsolvable even
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