Disclaimer

Disclaimer. After nearly 40 years managing money for some of the largest life offices and investment managers in the world, I think I have something to offer. These days I'm retired, and I can't by law give you advice. I do make mistakes, but I try hard to do my analysis thoroughly, and to make sure my data are correct. Remember: the unexpected sometimes happens. The expected does too, but all too often it takes longer than you thought it would.

The Goddess of Markets punishes (eventually) greed, folly, laziness and arrogance. No matter how many years you've served Her. Take care. Be humble. And don't blame me.

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Tuesday, February 7, 2017

Radiation at Fukushima spikes to 6 year highs




Nearly six years after the initial explosion caused a catastrophic meltdown at the Daiichi nuclear power plant in the Fukushima prefecture of Japan, the situation has suddenly taken a drastic turn for the worst. 
Tokyo Electric Power Company (TEPCO), the company which owns and operates the now defunct power plant, announced Thursday that radiation inside the containment vessel of one of the plant's failed reactors has now reached levels undetected since the disaster first occurred in 2011. 
Radiation inside the reactor has reached 530 sieverts per hour, a drastic increase from the previously recorded 73 sieverts per hour recorded in the aftermath of the meltdown. The level of radiation is so high that an official of the National Institute of Radiological Sciences told the Japan Times that medical professionals have never considered dealing with this level of radiation in their work.
[Read more here]

So much for nuclear being safe.

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