TEPCO Requests 3.2 Trillion Yen For Fukushima Compensation

Tepco requested additional financial support of 697 billion yen for the Nuclear Damage Liability Facilitation Fund (Fukushima Diary, Dec 27, 2012):

Tepco has estimated the total nuclear damage compensation to be 2.5 trillion yen and has been requesting the financial support from the Nuclear Damage Liability Facilitation Fund based on the revised Special Business Plan approved on May 9, 2012.

However, after deciding the compensation standard of lands or houses, adding real estate and postponing the compensation term for spontaneous evacuees and harmful rumor of agricultural products, the estimated compensation amount increased to be 3.2 trillion yen.

On 12/27/2012, Tepco requested the Nuclear Damage Liability Facilitation Fund for 697 billion yen of the additional financial support.

Read moreTEPCO Requests 3.2 Trillion Yen For Fukushima Compensation

Payback Time: Florida Homeowners Foreclosing On Banks

Payback time: Florida homeowners foreclosing on banks (CNNMoney, Dec 26, 2012):

NEW YORK – Since the housing bubble burst in Florida five years ago, more than 400,000 borrowers have had their homes foreclosed on by their lenders. But for some, it’s payback time.

Hundreds of homeowners and condo associations are foreclosing on banks that have failed to pay dues and other expenses on the properties they’ve repossessed.

When banks foreclose on a home they become responsible for paying fees to the homeowners association — both any unpaid fees going back as far as 12 months and all expenses going forward.

In many cases, however, banks are failing to pay, leaving these associations short on cash, according to Miami-based attorney Ben Solomon.

But now, homeowners groups are putting liens on the properties until banks pay up and foreclosing on them if they don’t.

So far, Solomon’s firm has filed more than 1,100 liens against banks on behalf of homeowners and has pursued 131 foreclosures. In more than 90% of the cases, he said, the banks settle by paying the bills.

Read morePayback Time: Florida Homeowners Foreclosing On Banks

China Turning ISPs Into Internet Police

China is turning its ISPs into internet police (Extreme Tech, Dec 28, 2012):

China has long been a home to internet censorship, but it has been relatively lax until recently. Internet users have been able to easily and cheaply thwart the restrictions for years, but a number of concerning events show a trend toward more substantial censorship in the People’s Republic of China (PRC). Scary new legislation that was recently approved will effectively turn China’s ISPs into the internet police. Now, ISPs will be forced to delete content deemed illegal and file a report with the government.

Read moreChina Turning ISPs Into Internet Police

Bolivia Nationalises Electricity Companies Owned By Spanish Utility Iberdrola

Bolivia nationalises Iberdrola electricity companies (Reuters, Dec 29, 2012):

Bolivia nationalised two electricity distribution companies owned by Spanish utility Iberdrola on Saturday, the latest move by leftist President Evo Morales to assert control over the country’s resources.

Iberdrola will be compensated according to a valuation to be drawn up by an independent arbiter, Morales said, adding that the measure was aimed at enhancing rural energy services.

“We considered this measure necessary to ensure equitable energy tariffs … and to see to it that the quality of electricity service is uniform in rural as well as urban areas,” Morales said.

President Morales has nationalised oil, telecommunications, mining and electrical generation companies.

Read moreBolivia Nationalises Electricity Companies Owned By Spanish Utility Iberdrola

The US ‘Fiscal Cliff’ – One Small Part Of A Huge Debt Crisis

FYI.

From the article:

“The US annual budget deficit has almost tripled under Obama, from $450bn in 2008 to $1,200bn this year.”

“America’s national debt is now around $16,000bn, two-thirds higher than when Obama was first elected. In 2008, US government debt was 70pc of GDP. Now it is 102pc.”

“Debt growth at that pace simply cannot go on.”


“If fiscal and monetary stimulus worked, Japan wouldn’t have spent the past 20 years in and out of recession and now be shouldering a debt to GDP ratio of 250pc.”

“If printing money worked, Zimbabwe would be in the G7.”


The US ‘cliff’ – one small part of a huge debt crisis (Telegraph, Dec 29, 2012):

So here we are, at the turn of the year, with the global economy tottering on the edge of America’s fiscal cliff.

What’s kept springing to my mind over the holiday season is the final scene of The Italian Job – the iconic 1969 original, not the tacky 2003 remake.

“Hang on a minute, lads,” says heistmaster-in-chief, Charlie Croker, as he and his merry band of crooks balance precariously in a bus on the edge of an Alpine cliff. “I’ve got a great idea.”

The Italian Job’s cliff-hanger finale is all make-believe. A brilliant film ends, we marvel at Michael Caine’s acting genius, the credits roll and then we get up and make some tea.

Real-world predicaments aren’t so easy.

Read moreThe US ‘Fiscal Cliff’ – One Small Part Of A Huge Debt Crisis

China To Be Surrounded By US Stealth Jets By 2017

From the article:

Writing for Wired’s Danger Room, Axe says, “When the deployments are complete in 2017, Air Force F-22s and B-2s and Marine Corps F-35s could all be within striking range of America’s biggest economic rival at the same time.”


China to be surrounded by US stealth jets by 2017 (RT, Dec 27, 2012):

The United States’ presence in the Asia-Pacific is about to be much more impressive: by 2017, the US is expected to have all but surrounded China, its number one economic rival, with fleets of the most advanced stealth warplanes in the world.

According to recent reports from some of the Pentagon’s top-brass, Uncle Sam will be essentially surrounding the United States’ top competitor in only five years’ time. By 2017, the Air Force’s F-22s and B-2s, as well as a fleet of the Marine Corps’ F-35, will all be deployed east.

News of the long-term plan stems from a report by Wired’s David Axe this week, who notes that several recent interviews with Defense Department officials suggest that the Obama administration’s “strategic pivot” plan in Asia announced earlier this year hasn’t been ignored just yet.

In June, the Pentagon revealed plans to restructure the US military so that 60 percent of its warships would be in the Asia-Pacific by 2020. At the time, Defense Secretary Leon Panetta said the decision was not meant to intimidate China, but was rather a common sense response to make sure America’s resources were divvied out where they might be most needed.

“Some view the increased emphasis by the United States on Asia-Pacific as a challenge to China, I reject that view entirely,” Panetta said this summer.

Read moreChina To Be Surrounded By US Stealth Jets By 2017

US Female Troops: Almost 50% Sexually Harassed & Almost 25% Sexually Assaulted In Combat Zones

Almost a quarter of female troops become victims of sex assaults in combat zones (RT, Dec 28, 2012):

Almost half of all US women deployed to Iraq or Afghanistan say they were sexually harassed, while nearly one-quarter claim they were sexually assaulted. The findings shed light on the additional stress military women face when they work abroad.

Research by the Department of Veterans Affairs shows that sexual misconduct is a much greater problem than previously believed, since the Pentagon asserts that few reports were filed alleging sexual assault.

Read moreUS Female Troops: Almost 50% Sexually Harassed & Almost 25% Sexually Assaulted In Combat Zones

US Deploying Troops To 35 African Countries

US deploying troops to 35 African countries (RT, Dec 25, 2012):

The United States Army will be deploying troops to nearly three-dozen African nations in the coming year.

Soldiers based out of Fort Riley, Kansas’ 2nd Brigade, 1st Infantry Division will begin training in March 2013 in order to prepare for a project that will send troops to as many as 35 African nations, the Associated Press reports.

Citing a growing threat from extremist groups, including those with ties to al-Qaeda, the Department of Defense is hoping to install American soldiers overseas in order to prepare local troops there for any future crises as tensions escalate.

Read moreUS Deploying Troops To 35 African Countries

Dr. Paul Craig Roberts: Agenda Prevails Over Truth (More Sandy Hook School Shooting Inconsistencies)

See also:

Dr. Paul Craig Roberts: ‘You Can’t Have A Police State And An Armed Population’ – ‘So There’s No Doubt They’re Going To Take The Guns Away’ (RT Video)


Paul Craig Roberts was Assistant Secretary of the Treasury during President Reagan’s first term. He was Associate Editor of the Wall Street Journal. He has held numerous academic appointments, including the William E. Simon Chair, Center for Strategic and International Studies, Georgetown University, and Senior Research Fellow, Hoover Institution, Stanford University.

paul-craig-roberts
Dr. Paul Craig Roberts

Agenda Prevails Over Truth (Paul Craig Roberts, Dec 28, 2012):

In the Western world truth no longer has any meaning. In its place stands agenda.

Agenda is all important, because it is the way Washington achieves hegemony over the world and the American people. 9/11 was the “new Pearl Harbor” that the neoconservatives declared to be necessary for their planned wars against Muslim countries. For the neoconservatives to go forward with their agenda, it was necessary for Americans to be connected to the agenda.

President George W. Bush’s first Treasury Secretary, Paul O’Neil, said that prior to 9/11 the first cabinet meeting was about the need to invade Iraq.

9/11 was initially blamed on Afghanistan, and the blame was later shifted to Iraq. Washington’s mobilization against Afghanistan was in place prior to 9/11. The George W. Bush regime’s invasion of Afghanistan (Operation Enduring Freedom) occurred on October 7, 2001, less than a month after 9/11. Every military person knows that it is not possible to have mobilization for invading a country half way around the world ready in three weeks.

The Orwellian “PATRIOT Act” is another example of planning prior to the event. This vast police state measure could not possibly have been written in the short time between 9/11 and its introduction in Congress. The bill was already written, sitting on the shelf waiting its opportunity. Why? Who wrote it? Why has there been no media investigation of the advanced preparation of this police state legislation?

Read moreDr. Paul Craig Roberts: Agenda Prevails Over Truth (More Sandy Hook School Shooting Inconsistencies)