Saturday, April 16, 2011

BAH! BAH! BAH! BAH! BAH!


I cannot believe anybody would actually vote Taib Mahmud back in power. Especially the people of Belaga who have been impacted by the catastrophic Bakun Dam - how come they voted BN? Can't just be due to postal votes... which have been used time and again by the Election Commission to stave off outright defeat for BN. These people in the longhouses must be braindead from watching too much TV3.

The Election Commission must be completely revamped before the next election - but how? Unless Bersih 2.0 organizes another mammoth rally with 500,000 on the streets.

In any case DAP did tremendously well, winning 12 seats out of 15 contested; and it's a pity that Alice Lau couldn't dislodge BN's Wong Soon Koh in Bawang Assan.

Congratulations, DAP!

A real Pity PKR didn't do so well in the rural seats. Baru Bian as the new chief minister of Sarawak would have been something worth celebrating.



UBAH! UBAH! UBAH! UBAH! UBAH!

Let this be our battlecry!


PEOPLE OF SARAWAK, GO OUT EARLY TO VOTE.


IT'S YOUR SACRED DUTY
TO GIVE TAIB MAHMUD &
HIS CORRUPT BN CRONIES...

THE BOOT!


Agi Idup Agi Ngelaban!

Friday, April 15, 2011

Ben Fulford on "Psychological Radiation"



"If you need a bodyguard, it's too late. You have to make them not want to shoot you." ~ Benjamin Fulford


The son of a Canadian diplomat, Benjamin Fulford rebelled against his upbringing and at the age of 17 made his way by boat into the heart of the Amazon to live with a tribe of former cannibals. Continuing to seek answers and better understand Western society, he spent time in a self-sufficient community in Argentina before heading to attend university in Japan.

Principled, brave, and still a diehard idealist after all these years, he resigned as Asia-Pacific Bureau Chief of Forbes Magazine after investigating a scandal which the editor refused to report. As he researched global affairs further in his own time, he uncovered for himself the complex web which is global financial control at the hands of the Rockefellers and the Rothschilds - and also the existence of racially targeted bioweapons such as SARS.

It was these plans for global depopulation that upset some important and powerful factions in Japan, Taiwan and China. After being approached by a real-life, present-day Ninja, matters came to a head in 2007 when Benjamin became the first Westerner for 500 years to be admitted into the ranks of the Eastern Secret Societies, a vast group with six million members. Acting as their spokesman, he stepped up to the plate to deliver a simple message to the Illuminati:

Recognize that your time is over, step down without a fight, and allow the world to thrive as it should - or face the consequences from up to 100,000 professional assassins for whom no love is lost towards the self-styled ruling elite of the planet.

This was first communicated through Dr Henry Makow and Jeff Rense in July 2007. Project Camelot has now traveled to Japan to meet with Benjamin Fulford personally. Our comprehensive interview presents the far-reaching and literally incredible background story - and will also enable the Illuminati, who we have every confidence watch our videos carefully, to be reminded that the ultimatum is real, serious, and still in force.

Armed also with a contagiously optimistic vision of the future, Benjamin is fully prepared to be the next Finance Minister for Japan. His plans for how he would spend Japan's $5 trillion of foreign reserves to eliminate global poverty are plausible and inspiring as practical steps, way beyond rhetoric, to repair the generations of damage done by a ruthless ruling elite. This is a man with a deep understanding of both East and West, a global economic historian who thinks way outside of the box, a lover of peace who is unafraid to speak warrior words.

This video was brought to my attention by Olivia de Haulleville. Read transcripts of Project Camelot's interview with Benjamin Fulford here.



ABC News ~ THE FIGHT FOR SARAWAK



People of Sarawak, Free Yourself from the Clutches of The Beast!

Last days of the vampire kings on earth

The Times on the "Rape of Borneo"

The negative karma of ill-gotten gains

BRUNO MANSER: Tribute to an Ecowarrior

Malaysia's 7th prime minister (updated)

[This was originally posted 12 November 2009. Much has changed since then and I have added fresh commentary in green. However, one thing hasn't changed: I remain convinced that Anwar Ibrahim deserves our wholehearted support and that he is still Malaysia's best hope at this point. I believe that Anwar is the only leader that can drive the final nail into the coffin of Mahathirism - the cynical, twisted, materialistic ideology that got the nation bogged down in the deep shit of devious divisiveness.]


Like millions of other Malaysians I was looking forward gleefully to witnessing a Pakatan Rakyat government installed in Putrajaya after 16 September 2008 - with Anwar Ibrahim as our sixth prime minister.

Sixth... or seventh... it doesn't matter. I remain convinced that Anwar has the necessary experience to steer the nation clear of some treacherous reefs looming ahead.

Some of my friends say they would rather see Zaid Ibrahim (right) as PM. I'm a great admirer of Zaid Ibrahim and have no problem seeing him become prime minister one of these days.

[Well, this no longer holds true. Zaid Ibrahim has, by his own actions, disqualified himself from consideration as a trustworthy leader. He has revealed himself as egotistical, petty-minded and vindictive. Worst of all, he now enjoys the tacit support of BN and many believe he was an Umno mole all along.]

For that matter, Nizar Jamaluddin has also been described as prime minister material - but before he stands a chance of being appointed to the nation's highest office, his political party will have to shed some of the theological deadwood it is currently burdened with.

[It was reported yesterday that Hadi Awang bumped into Najib on the Sarawak campaign trail and hugged him warmly. That not only gives me the creeps, but I worry about PAS leaders like Hadi Awang, Nashrudin Mat Isa and Hasan Ali who seem unable to resist Umno's horny pheromones.]


In any case, so long as Anwar Ibrahim is in good health and willing to take on the responsibility, I would still prefer that the PM's job go to him. Not only does he have 16 years' experience under his belt as part of the Umno/BN regime under Mahathir, but he has also been initiated into the shadow side of power. Anwar has an intimate understanding of how precarious and illusory worldly power and status can be, having been at the receiving end of Mahathir's gross abuse of power back in 1998.

I'm convinced that anyone who has survived such a nightmarish ordeal would have learned to cherish the true meaning of freedom and justice.

Nurul Izzah Anwar, a member of parliament at 28

Apart from Anwar's phenomenal charisma as an orator and political reformer, he is supported by the magnificent Wan Azizah whose compassion, dignity and strength stand her in excellent stead as a prime minister's wife the entire nation can wholeheartedly love and respect. Not only that, their beautiful daughter Nurul Izzah has proven her mettle as an articulate, intelligent and plucky leader and has all the qualities necessary to someday become Malaysia's first female PM. (Not that I'm in favor of political dynasties - but being born into a political family does provide a strong foundation for handling the stresses and strains of leadership.)

More than a year after Anwar's abortive 916 plan to take over the reins of government, the political situation is totally bogged down in sinister intrigue while outrageous shenanigans continue to be perpetrated with impunity by the Umno/BN regime under Mr Pink Lips (right) - the crime minister appointed by 190 Umno division chiefs - and endorsed by the Malay rulers and the Bumoid Kakistocracy aka the Corporate Umnoputra.

A few of my moneyed friends have expressed their reservations about having Anwar Ibrahim as PM. Some parrot Mahathir and Daim Zainuddin's heavy hints about Anwar's cozy ties with key agents of the New World Order cabal and their Zionist banker connections. They're wary of the fact that Anwar is respected by well-known Neocons like Paul Wolfovitz and has access to a global network of influential names in academia and the mass media. Unlike Najib, Anwar Ibrahim doesn't have to pay millions to some Jewish PR agency to have the international media paint a rosy image of him as a leader.

Umno apologists just don't get it. These so-called Zionist plutocrats - men like George Soros (left), the Rothschilds, and the Rockefellers - admire intelligence and statesmanship and, of course, they are constantly trying to recruit new blood into their ranks. If they have indeed been courting Anwar, it simply means they believe Anwar is well worth luring into their inner circles - just as they at one time invited the likes of Lee Kuan Yew and Mahathir Mohamad to participate in closed-doors Bilderberg conferences. In the geopolitical arena one has to acknowledge that power has been jealously guarded for countless centuries by a secretive elite via interlocking fraternities like the Freemasons, Knights of Malta, and the Rotarians. The heads of these fraternities are members of even more exclusive and secretive mystical orders with names like the Priory of Sion, Opus Dei, the Bavarian Illuminati, and Ordo Templi Orientis.

Their deadly grip on power appears indomitable and absolute. But that's merely an illusion. Truth is, the cracks have become huge enough for new reality options to hatch from within these occult power centers.

David Mayer de Rothschild (born 25 August 1978), adventurer & environmentalist

As always their own descendants - the children and grandchildren of Evelyn Rothschild and David Rockefeller, for example, will break the family mold and mutate in ways unforeseen. Like a tower struck by lightning, the entire edifice of hereditary power and wealth will quickly crumble as the New World Order manifests as something its original planners would never in a million years have imagined possible.

[In any case, linking Anwar with the Zionist-Illuminati Cabal no longer makes sense in view of Najib and Rosmah's expensive affair with the Zionist-owned public relations firm, APCO Worldwide, which is being paid hundreds of millions to repair Najib Razak's severely tainted public image and puff up his international standing. APCO's specialty appears to be keeping tinpot despots in power.]

As a brilliant and charming deputy prime minister cum finance minister, Anwar had apparently attracted the attention of these global powerbrokers. Perhaps he had been emboldened by their tacit support to make his power play against the recalcitrant Mahathir in mid-1997 - which triggered a vindictive and violent reaction from both Daim Zainuddin (above, right) and Mahathir who represented the vested interests of the Umnoputra elite that had burgeoned during Mahathir's 22-year premiership.

Those who had grown fat in the mid-1980s and early 1990s from Mahathir's largesse were naturally incensed by what they perceived as Anwar Ibrahim's impatience and impertinence. He had to be forcefully put down as an example to other would-be upstarts within the ranks of Umno. This explains the ferocity and sheer viciousness of their attack against Anwar in 1998. [And why they decided to dust off the sodomy script and whack him again with it in June 2008... and when that plot laughably fizzled out, they fished out that dubious "Datuk T" sex video.]

Reformasi 1998, Indonesia, brought down Suharto

It was nothing less than a political crucifixion. Just as two thousand years ago the entrenched Jewish priesthood and the obese merchants in Palestine were terrified of the master Yeshua's populist message of reform and renewal - the feudal power establishment in Malaysia was severely rattled by the close proximity of the same groundswell of massive rebellion that swept Suharto and his dynasty from power right next door in Indonesia.

Reformasi 1998, Malaysia: Anwar calls for Mahathir's resignation

The Umno old guard isn't quite dead yet. Mahathir still growls as he paces and prowls in growing frustration, watching Umno warlords repeatedly shoot themselves in the foot and dig themselves deeper and deeper into their own graves. Quietly monitoring the political shifts since 8 March 2008 from his invisible vantage point, former finance minister Daim Zainuddin makes hardly a sound - but he has been busy behind the scenes, doing whatever he can and must to thwart Anwar's ambitions to become PM.

As for the Malay rulers, they have been compromised - particularly since the mid-1980s - by their immersion in entrepreneurial pursuits - an unhealthy trend that escalated following Mahathir's usurpation of their traditional authority. Few of them have any head for business, so they are largely dependent on a shadowy cadre of Umnoputra tycoons and the fly-by-night financial adventurers who serve as their advisors and proxies.

This is certainly an untenable and unwholesome situation. The royal houses must decide very soon whether to throw their lot in with the collapsing Umnoputra house of cards - or to discreetly extricate themselves from further involvement in the sordid world of business - a realm where their royal stature is susceptible to being irreversibly tarnished and brought into severe disrepute. They cannot carry on dabbling in business, getting entangled in constant conflicts of interest or risking legal action when their enterprises go bust - and yet expect the public to shut up and keep paying their royal allowances.

I was telling some friends recently that the political atmosphere during the Mahathir Era was horribly stifling, especially after 1986 when his power faced serious challenges. But, strangely, things feel even worse today - not necessarily because Najib is crueler and more ruthless than his cynical puppetmaster - but simply because the Internet can now reveal the full extent of Umno/BN's criminal mismanagement, complete with charts and tables and long lists of figures.


Thanks to the emergence in Cyberspace of loose cannon maverick royals like Raja Petra Kamarudin - whose access to "official secrets" and whose ability to expose and destroy the rogue regime we call Umno/BN (along with all who stubbornly cling to their ill-gotten gains and their obscene privileges) should never be underestimated - those of us who genuinely love this country still have many strategic options apart from migrating.


As RPK has so admirably shown by positioning himself out of harm's way and continuing to fire salvo after salvo at the fortress of the Wicked Queen, it's futile trying to scare bloggers into silence. You can haul up and question a few - but at what cost to your expensively tailored international image? And for every Malaysian-based blogger who gets intimidated into silence, a hundred outspoken bloggers based abroad will emerge to carry on the information war.

[RPK launched the Malaysian Civil Liberties Movement as a "Third Force" when he realized that Anwar Ibrahim had his own way of doing things that didn't always coincide with RPK's strong opinions. These two men are extremely charismatic but very different in temperament. Anwar is a natural-born fiery orator, diplomat and political strategist; while RPK enjoys the role of flamboyant revolutionary and gunslinging political Paladin, six-shooters blazing from both holsters. RPK has never run for political office and remains fiercely independent in his championing of justice. However, what troubles me is that RPK maintains an affable, hand-kissing relationship with Dr Mahathir and recently met with Sanusi Junid, who was sent to the UK as Dr M's emissary to persuade RPK to disassociate himself from Anwar Ibrahim. RM10 million was dangled as a carrot. RPK says he turned it down, even though he was momentarily tempted.]

One of the perks of amassing a vast fortune is to be admired and applauded wherever you go. However, if your reputation sinks to the level of infamous rogues like Robert Mugabe, Augusto Pinochet, Ferdinand Marcos, Slobodan Milošević, General Than Shwe, Kim Jong-Il, Donald Rumsfeld and Dick Cheney... you'd probably be wishing you could have been half as talented as Michael Jackson instead... or twice as dead.

When will BN stop raping Sarawak?

This was posted 28 January 2009. On the eve of the Sarawak elections, I dedicate this reposting to the beautiful, free peoples of Sarawak. To the victory of the people!More landslide losses for UMNO ahead? (Pic courtesy of Michael Chick)

LOGGING OPERATIONS CAUSE DEADLY LANDSLIDES

Tony Thien | Jan 28, 09 11:11am

The landslide in Upper Limbang in northern Sarawak that caused the death of three people and injured seven others is a direct consequence of destructive logging practices, according a Swiss-based NGO, Bruno Manser Fund (BMF).

The landslide is the third in just over a week in Sarawak. On January 16, a landslide killed two workers at a petrol station near the city of Miri in northern Sarawak.

Last Wednesday, a landslide severed a section of the Pan-Borneo trunk road near Bintulu, causing hundreds of vehicles to be stranded for hours.

The most recent incident involving three people killed and seven others injured occurred at a timber camp in the Upper Limbang region of Sarawak, BMF said in a statement to Malaysiakini today.

It quoted Bernama as saying the dead were identified as two Filipinos and a Malaysian who worked for a local timber company.

“Research by the Bruno Manser Fund (BMF) has shown that the landslide took place near Long Sebayang on the upper reaches of the Limbang river,” BMF said.


Logging in the area, which is claimed by the local Penan and Kelabit communities, has been controversial since the mid-1980s when locals set up a number of blockades on logging roads to prevent the timber companies from encroaching into their rainforests, it added.

The Bruno Manser Fund said logging interests in the area used to be closely linked to James Wong, Sarawak's former minister of the environment.


It added: “Logging operations near Long Sebayang are currently being carried out by Lee Ling Timber, a company with its headquarters in Limbang.”

Further upriver, a second company, Samling, extracts timber on a large scale. Both companies have plans to convert large natural forest areas into tree plantations, which is likely to cause further environmental destruction.

[Images courtesy of Bruno Manser Fonds, Malaysiakini & Michael Chick]

BRUNO MANSER: Tribute to an Ecowarrior



Tuesday, April 12, 2011

The reign of nuclear power is over!

Japan Raises Nuclear Alert at Troubled Plant to Highest Level, Equal to Chernobyl (April 11, 2011)

TOKYO - Japan's nuclear regulators raised the severity level of the crisis at a stricken nuclear plant Tuesday to rank it on par with the 1986 Chernobyl disaster, citing the amount of radiation released in the accident.

The regulators said the rating was being raised from 5 to 7 - the highest level on aninternational scale overseen by the International Atomic Energy Agency. However, there was no sign of any significant change at the tsunami-stricken Fukushima Dai-ichi nuclear plant. The new ranking signifies a "major accident" with "wider consequences" than the previous level, according to the Vienna-based IAEA.

"We have upgraded the severity level to 7 as the impact of radiation leaks has been widespread from the air, vegetables, tap water and the ocean," said Minoru Oogoda of Japan's Nuclear and Industrial Safety Agency. NISA officials said one of the factors behind the decision was that the cumulative amount of radioactive particles released into the atmosphere since the incident had reached levels that apply to a Level 7 incident.

Tokyo Electric Power Co., the operator of the plant, is still estimating the total amount of radioactive material that might be released by the accident, said company spokesman Junichi Matsumoto. He acknowledged the amount of radioactivity released might even exceed the amount emitted by Chernobyl.

Aftershocks on Monday briefly cut power to backup pumps, halting the injection of cooling water for about 50 minutes before power was restored. A month after the disaster, more than 145,000 people are still living in shelters, and the government on Monday added five communities to a list of places people should leave to avoid long-term radiation exposure.

A 12-mile (20-kilometer) radius has already been cleared around the plant. The disaster is believed to have killed more than 25,000 people, but many of those bodies were swept out to sea and more than half of those feared dead are still listed as missing.



"The reign of nuclear power [on Earth] is over. In the hands of third density minds it always has been dangerous and it has no place whatsoever in higher densities. But it is not our prerogative to shut down your facilities or prevent construction of new ones, it is yours, and only your collective demand for that could make it happen. Replacement energy sources already are there, they've just been suppressed because they aren't money-makers like nuclear and fossil fuels are. You will see those "hidden" technologies starting to emerge, again by your forcefulness." ~ Star Commander Hatonn of the Confederation of Planets

Why No Nukes? The Real Cost of U.S. Nuclear Power
By Michael Grunwald - Mar. 25, 2011 - TIME.com

The chaos at the Fukushima Daiichi nuclear plant — explosions, fires, ruptures — has not shaken the bipartisan support in partisan Washington for the U.S.'s so-called nuclear renaissance. Republicans have dismissed Japan's crisis as a once-in-a-lifetime fluke. President Obama has defended atomic energy as a carbon-free source of power, resisting calls to halt the renaissance and freeze construction of the U.S.'s first new reactors in over three decades.

But there is no renaissance.

Even before the earthquake-tsunami one-two punch, the endlessly hyped U.S. nuclear revival was stumbling, pummeled by skyrocketing costs, stagnant demand and skittish investors, not to mention the defeat of restrictions on carbon that could have mitigated nuclear energy's economic insanity. Obama has offered unprecedented aid to an industry that already enjoyed cradle-to-grave subsidies, and the antispending GOP has clamored for even more largesse. But Wall Street hates nukes as much as K Street loves them, which is why there's no new reactor construction to freeze. Once hailed as "too cheap to meter," nuclear fission turns out to be an outlandishly expensive method of generating juice for our Xboxes.

Since 2008, proposed reactors have been quietly scrapped or suspended in at least nine states — not by safety concerns or hippie sit-ins but by financial realities. Other projects have been delayed as cost estimates have tripled toward $10 billion a reactor, and ratings agencies have downgraded utilities with atomic ambitions. Nuclear Energy Institute vice president Richard Myers notes that the "unrealistic" renaissance hype has come from the industry's friends, not the industry itself. "Even before this happened, short-term market conditions were bleak," he tells TIME.

Around the world, governments (led by China, with Russia a distant second) are financing 65 new reactors through more explicit nuclear socialism. But private capital still considers atomic energy radioactive, gravitating instead toward natural gas and renewables, whose costs are dropping fast. Nuclear power is expanding only in places where taxpayers and ratepayers can be compelled to foot the bill.

In fact, the economic and safety problems associated with nuclear energy are not unrelated. Trying to avoid flukes like Fukushima Daiichi is remarkably costly. And trying to avoid those costs can lead to flukes.

The False Dawn

In 1972 a federal safety regulator, worried that GE's Mark 1 reactors would fail in an emergency, urged a ban on containment designs that used "pressure suppression." His boss was sympathetic but wrote in a memo that "reversal of this hallowed policy, particularly at this time, could well be the end of nuclear power" and "would generally create more turmoil than I can stand thinking about." Four decades after this bureaucratic pressure suppression, Fukushima Daiichi's Mark 1 reactors seem to have failed as predicted. And while newer reactors don't have those problems, 23 Mark 1 reactors still operate in the U.S., including a Vermont plant that was relicensed for 20 more years the day before the disaster in Japan.

When Karl Marx, who would have appreciated nuclear economics, wrote that history unfolds first as tragedy, then as farce, he got U.S. nuclear history backward. America's initial experiment was a cartoonish disaster, with construction timelines doubling and costs increasing as much as 1,000% even before the Three Mile Island meltdown. In the 1980s, the industry required bailouts before bailouts were cool. But the U.S. industry has matured and learned from its mistakes. It still runs the world's largest nuclear portfolio, and it hasn't had a serious accident since 1979. Meanwhile, global-warming fears have positioned nuclear power as a proven alternative to fossil fuels that works even when the sun isn't shining and the wind isn't blowing, producing 20% of our electricity and 0% of our emissions. No-nukes outrage has burned out, with a recent poll registering 71% support.

The result has been an extraordinary political coalition. Right-wingers who don't accept climate science and didn't even want the word french in their fries now wax lyrical about French reactors that reduce French emissions. Left-wingers who used to bemoan the industry's radioactive waste and corporate welfare now embrace it as an earth saver. So Congress has approved lucrative subsidies for construction, production, waste disposal, liability insurance and just about every other nuclear cost. It also approved "risk insurance" to compensate utilities for regulatory delays, even as the Nuclear Regulatory Commission (NRC) has worked closely with the industry to streamline its licensing process. And nuke-friendly states have required ratepayers to front the costs of any new construction — even if the reactors are never turned on.

Nevertheless, investors refuse to bet on nukes. The steady increases in electricity demand that were supposed to justify new reactors have been wiped out by the global recession, and energy-efficiency advances could keep demand flat. Natural gas prices have plummeted, Congress appears unlikely to put a price on carbon, and the U.S. still lacks a plan for nuclear waste. It also turns out that building safe places to smash atoms is hard, especially after such a long hiatus. The U.S. has lost most of its nuclear manufacturing capacity; it would have to import Japanese steel forgings and other massive components, while training a new generation of nuclear workers. And though industry lobbyists have persuaded the NRC to ease onerous regulations governing everything from fire safety to cooling systems, it's still incredibly tough to get a reactor built.

New nukes would still make sense if they were truly needed to save the planet. But as a Brattle Group paper noted last month, additional reactors "cannot be expected to contribute significantly to U.S. carbon emission reduction goals prior to 2030." By contrast, investments in more-efficient buildings and factories can reduce demand now, at a tenth the cost of new nuclear supply. Replacing carbon-belching coal with cleaner gas, emissions-free wind and even utility-scale solar will also be cheaper and faster than new nukes. It's true that major infusions of intermittent wind and solar power would stress the grid, but that's a reason to upgrade the grid, not to waste time and money on reactors.

Anyway, there aren't many utilities that can carry a nuclear project on their balance sheets, which is why Obama's Energy Department, a year after awarding its first $8 billion loan guarantee in Georgia, is still sitting on an additional $10 billion. A Maryland project evaporated before closing, and a Texas project fell apart when costs spiraled and a local utility withdrew. The deal was supposed to be salvaged with financing from a foreign utility, but that now seems unlikely.

The utility was Tokyo Electric.

Another Perfect Storm

Pundits keep saying the mess in Japan will change the debate in the U.S., but the BP and Massey disasters didn't change the debates over oil drilling and coal mining. And the nuclear debate seems particularly impervious to facts. Obama wants to triple funding for the already undersubscribed loan guarantees, but Republicans still accuse him of insufficient nuclear fervor. So don't expect the U.S. to copy German Chancellor Angela Merkel, who just shut down seven aging plants. GOP Senator James Inhofe of Oklahoma has already rejected the idea of "a nuclear problem," suggesting that "once in 300 years, a disaster occurs." That's true if you don't count Chernobyl and you're sure nothing will happen for the next 250 years.

The industry's defenders may ignore Fukushima Daiichi, but the industry will not. It's serious about public safety, and meltdowns are bad for business; no company wants to lose a $10 billion reactor overnight. But additional safety measures cost money: in 2003 industry lobbyists beat back an NRC committee's recommendation for new backup-power rules that were designed to prevent the hydrogen explosions that are now all over the news.

It may sound unrealistic to require plants to withstand a vicious earthquake and a 25-ft. tsunami, but nobody's forcing utilities to generate power with uranium. One lesson of the past decade, in finance as well as nature, is that perfect storms do happen. When nukes are involved, the fallout can be literal, not just political.


The incalculable cost of nuclear power (3 April 2011)

If the costs and benefits of nuclear power are so attractive, where are the investors? At least with wind and solar power, it is possible to see the cost curve dropping to the break-even point in the near future. Nuclear power, by contrast, may never be able to convince investors to put their money down without government guarantees.The prospect of cost overruns, waste disposal and extended shutdowns are daunting enough. But mostly, it is the potential cost of catastrophic failure that scares away investors. Large-scale disasters, however rare, are colossally expensive, as well as dangerous. The first estimate of entombing the Fukushima plant is $12bn. And this doesn't include the other liabilities that could force the Japanese government to nationalise the Tokyo Electric Power Company (Tepco).Several years ago, I heard Jeff Immelt, the CEO of General Electric, say that commercial nuclear power won't be developed in the US without federal liability or financing guarantees. The risks, however remote, are so expensive that investors don't want to take them on, no matter what the return. [From The Guardian UK]