Tag Archives: Asia

Debt of One Quadrillion Yen? Not a Problem

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“Haruhiko Kuroda doesn’t wear a wizard’s hat when he arrives at Bank of Japan headquarters each morning. Kuroda has done something truly supernatural in his five months as governor of the central bank. The more yen he conjures up to produce inflation, the more he mesmerizes markets. Yet a week after Japan’s IOUs reached the 1 quadrillion yen ($10.28 trillion) mark, yields have actually declined. What is Kuroda’s secret? The first is what economists call ‘financial repression’ — essentially transferring money via monetary policy from citizens to the government. The second is outright monetization of public debt.”

http://www.bloomberg.com/news/2013-08-15/debt-of-1-000-000-000-000-000-yen-not-a-problem.html

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Kim Jong Un woos defectors: Come home. We won’t kill you … promise

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“North Korean leader Kim Jong-un is taking a new approach to defectors who have fled his impoverished and repressive state, promising they will not be harmed if they come home, and even offering cash rewards, according to some in the exile community. That’s in sharp contrast to the approach taken by Kim’s father, who during nearly 20 years in power hid the issue and severely punished the families of those who defected, fearing they would undermine the state with their tales of the prosperous South.  Exactly why Kim has taken a different view of defectors is unclear.”

http://www.rawstory.com/rs/2013/08/18/kim-jong-un-woos-defectors-come-home-we-wont-kill-you-promise/

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New turbine to capture energy from both wind and waves slated for testing

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“A Japanese company is set to test a new power generation system which — for the first time — should harness the energy of both the sea and the wind to feed the demand for electricity on land. That’s the dream of chief visionary Takuju Nakamura, anyway. At the Tokyo headquarters of his company, Modec, Nakamura explained that the new turbine design should generate about twice as much power as a traditional wind turbine of the same diameter.  Nakamura explained that 80 to 90 percent of the power generated would come from the large wind-catching turbine floating over the sea, with another underwater turbine expected to produce the rest.”

http://www.cbsnews.com/8301-35040_162-57598262/powering-the-future-new-turbine-to-capture-energy-from-both-wind-and-waves-slated-for-testing/

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Fukushima apocalypse: Years of ‘duct tape fixes’ could result in ‘millions of deaths’

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“It will be hot, uncomfortable, your senses shielded, and you would be filled with anxiety. You are standing on a building that is close to collapse. Workers will have to be removed and replaced often. So you don’t have the benefit of doing such a critical task and knowing and trusting your comrades, as they will frequently have to be replaced when their radiation dose limits are reached. If they exhibit physical or mental signs of radiation exposure, they will have be replaced more often.  It will be one of the worst, but most important jobs anyone has ever had to do. And even if executed flawlessly, there are still many things that could go wrong. ”

http://rt.com/news/fukushima-apocalypse-fuel-removal-598/

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Japan’s nuclear crisis deepens, China expresses ‘shock’

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“The U.N.’s International Atomic Energy Agency (IAEA) said on Wednesday it viewed the situation at Fukushima ‘seriously’ and was ready to help if called upon, while nearby China said it was ‘shocked’ to hear contaminated water was still leaking from the plant, and urged Japanto provide information ‘in a timely, thorough and accurate way’. The plant’s operator, Tokyo Electric Power Co, or Tepco, has been criticized for its failure to prepare for the disaster and has since been accused of covering up the extent of the problems at the plant. After months of denial, Tepco recently admitted the plant was leaking contaminated water into the Pacific Ocean.”

http://www.reuters.com/article/2013/08/21/us-japan-fukushima-severity-idUSBRE97K02B20130821

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Japan nuclear agency upgrades Fukushima alert level

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“Japan’s nuclear agency has upgraded the severity level of a radioactive water leak at the Fukushima plant from one to three on an international scale.  Japanese reports say it is a provisional move that had to be confirmed with the IAEA, the UN’s nuclear agency. This week is the first time that Japan has declared an event on the Ines scale since the 2011 earthquake and tsunami. The move was announced in a document on the agency’s website and was subsequently approved at a weekly meeting of the regulatory body. Shares of plant operator Tokyo Electric Power Company (Tepco) fell as much as 13% to 537 yen.”

http://www.bbc.co.uk/news/world-asia-23776345

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Nepal’s tourism bureau promises to keep ‘tighter control’ of Mount Everest climbs

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“Nepal’s tourism ministry said Friday it plans to exercise tighter control of climbers scaling Mount Everest to make sure they keep the world’s highest peak clean and to prevent rows. The ministry will set up a 10-member team made up of government officials, veteran Nepalese climbers and security officers that will start work when the next climbing season opens in the spring. The team will ensure that climbers do not leave trash on the mountain, Purna Chandra Bhattarai, of the tourism ministry told AFP. Nepal has already made it mandatory for each expedition team to hire liaison officers from the ministry to ensure better relations with locals.”

http://www.rawstory.com/rs/2013/08/02/nepals-tourism-bureau-promises-to-keep-tighter-control-of-mount-everest-climbs/

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Capital Flows Back to U.S. as Markets Slump Across Asia

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“Asia’s role as the world’s growth engine is waning as economies across the region weaken and investors pull out billions of dollars. The clouds forming in Asia as liquidity tightens and China’s slowdown curbs demand for commodities and goods are fueling a selloff of emerging-market stocks, reversing a flow of money into the region in favor of nascent recoveries in the U.S. and Europe. Emerging markets from Brazil to Indonesia have raised borrowing costs in 2013 to try to aid their currencies as the prospect of reduced U.S. monetary stimulus curbs demand for assets in developing nations.”

http://www.bloomberg.com/news/2013-08-19/clouds-gather-over-asian-economies-as-capital-flows-back-to-u-s-.html

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India state moves to ban black magic after anti-superstition activist gunned down

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“An Indian state government Wednesday approved legislation banning superstition and black magic, an official said, a day after a prominent champion of the bill was shot dead.
‘An ordinance will be promulgated in the next two days,’ the official said, declining to be named.  Details were not yet available but an earlier draft proposed bans on beating a person to exorcise ghosts and on raising money by claiming to work miracles. Dabholkar, who founded the Committee for the Eradication of Blind Faith two decades ago, encountered opposition over the bill from Hindu nationalists who feared it could be used to curb religious freedoms.”

http://www.rawstory.com/rs/2013/08/21/india-moves-to-ban-black-magic-after-anti-superstition-activist-gunned-down/

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Thanks shallot! Indian police foil onion heist

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“Indian police have foiled a bid by robbers to make off with a truck laden with onions, in an unusual crime apparently motivated by rocketing prices of the staple food.  The humble root vegetable, an essential ingredient in Indian cooking, has a surprisingly weighty track record of political influence. In 1980, Indira Gandhi exploited rising onion prices to storm back to power, appearing at campaign rallies waving huge strings of them with the message that a government that can not control onion costs has no right to govern. And in 1998, a six-fold surge in the cost of onions was held partly responsible for the electoral defeat of the ruling Delhi state government.”

http://www.rawstory.com/rs/2013/08/21/thanks-shallot-indian-police-foil-onion-heist/

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