Europe’s economic powerhouse, Germany, is to abandon nuclear energy over the next eleven years – drawing up an ambitious plan in the wake of Japan’s Fukushima disaster to replace atomic power with renewable energy sources.
Chancellor Angela Merkel said Monday she hopes the transformation to more solar, wind and hydroelectric power becomes a test case for other countries. (AP) via ynetnews.com
The Saudi government has tasked the head of the King Abdullah City for Atomic and Renewable Energy with drawing up a cooperation agreement with Argentina regarding the use of nuclear energy for peaceful purposes.
Source: ‘Okaz, Saudi Arabia, March 29, 2011
not sure this is a good thing. Argentina is very close to going to war over the Falklands again
FUKUSHIMA, Japan – The toll of Japan’s triple disaster came into clearer focus Monday after police estimates showed more than 18,000 people died, the World Bank said rebuilding may cost $235 billion and more cases of radiation-tainted vegetables and tap water turned up.
Bond futures jumped for a second day after Prime Minister Naoto Kan said the danger of further radiation leaks from a damaged nuclear power station is rising. The cost to protect against Japan’s nonpayment soared to a record and stocks tumbled as the stricken Fukushima Dai-Ichi nuclear plant was rocked by two further explosions today. The Ministry of Finance will sell 1.1 trillion yen ($13.5 billion) of 20-year bonds tomorrow.
“It remains unclear whether the stance of investors can remain the same in this difficult situation with few clues to the scale of damage” caused by the earthquake, said Keiko Onogi, a fixed-income strategist at Daiwa Securities Capital Markets Co. in Tokyo. “I’ve been looking for a positive catalyst for the auction but can find little at this moment.” via bloomberg.com
It seems that Godzilla is getting the remake treatment yet again. Just 10 years after the latest reboot. release in 2012. via sequelbuzz.blogspot.com
this is the real Godzilla. As Beck noted on FOX NEWS. not a NUCLEAR meltdown, but a financial one. Japan will sell American bonds to recover. So who will buy our debt?