Wednesday, August 3, 2011

Latest World Headlines: Shaw Capital Management

http://latest.shawcapitalmanagement-headlines.com/category/financial/


A few hours later, TEPCO Vice President Sakae Muto said a new test had found radiation levels 100,000 times above normal — far better than the first results, though still very high.
But he ruled out having an independent monitor oversee the various checks despite the errors.
Officials acknowledged there was radioactive water in all four of the Fukushima Dai-ichi complex’s most troubled reactors, and that airborne radiation in Unit 2 measured 1,000 millisieverts per hour, four times the limit deemed safe by the government.
Those high airborne readings — if accurate — would make it very difficult for emergency workers to get inside to pump out the water.
Officials say they still don’t know where the radioactive water is coming from, though government spokesman Yukio Edano earlier said some is “almost certainly” seeping from a damaged reactor core in one of the units.
The discovery late last week of pools of radioactive water has been a major setback in the mission to get the crucial cooling systems operating more than two weeks after a massive earthquake and tsunami.
The magnitude-9 quake off Japan’s northeast coast on March 11 triggered a tsunami that barreled onshore and disabled the Fukushima plant, complicating a humanitarian disaster that is thought to have killed about 18,000 people.
A magnitude-6.5 quake off the northeast coast Monday morning briefly prompted a tsunami warning, the Japan Meteorological Agency said. The agency said the epicenter was 50 miles east of Oshika Peninsula in Miyagi prefecture, near one of the areas hardest-hit by the March 11 quake and tsunami.
There were no immediate reports of injuries or damage, but the quake — one of dozens that have shaken Japan in the past two weeks — added to the sense of unease in a nation already on edge.
Muto acknowledged it could take a long time to clean up the Fukushima complex.
“We cannot say at this time how many months or years it will take,” he said, insisting the goal now is to keep the reactors cool. AP

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