Cabinet agrees $125bn payout package after reactor meltdown but political manoeuvring could delay payments Japan’s government has approved a plan to help the owners of the stricken Fukushima Daiichi nuclear plant provide trillions of yen in compensation, but political manoeuvring could delay payments to tens of thousands of victims of the country’s nuclear crisis. The cabinet’s approval of the scheme on Tuesday came after the plant’s operator, Tokyo Electric Power [Tepco], said a further six workers had exceeded the annual legal dose of radiation, underlining the risks they face as they struggle to stabilise overheating nuclear reactors by early next year. Shares in Tepco rose dramatically after the compensation scheme was approved, but anger is mounting at the slow progress made in paying families and businesses more than three months after the worst nuclear accident since Chernobyl. Under the bill, the government would set up a fund and issue special bonds to enable Tepco to pay compensation that the Mainichi newspaper said could reach US$124bn (£75bn). Other power utilities would be asked to contribute to the fund, and Tepco is expected to repay the full sum over an, as yet, unspecified number of years. In return for state help, Tepco will have to cut costs and turn its management over to the government “for a certain period of time”. Tepco, whose share price has fallen 90% since the 11 March tsunami crippled the Fukushima Daiichi plant, promised to make repayments as quickly as possible. “We hope that the proposed bill will be enacted in parliament as soon as possible,” it said in a statement. The measure’s fate is far from certain, however. Some government and opposition MPs oppose the use of public funds to help Tepco, and the prime minister, Naoto Kan, is still under pressure to resign immediately despite surviving a recent no-confidence motion by promising to step down once the crisis is under control. The current parliamentary session is due to end on 22 June, but the Kan administration is pushing to extend it in the hope of passing the compensation package, as well as an emergency budget to fund post-tsunami reconstruction. News that the bill had gained cabinet approval lifted investor confidence in Tepco, but concern persists that the company will look to consumers to help fund damages claims in the form of higher electricity bills. The trade and industry minister, Banri Kaieda, denied media reports that the government had already approved a 16% increase in electricity charges from next April. “The government will make sure that any costs passed on to consumers will be kept to a minimum,” he said. Tepco and two other power utilities are coming under pressure to end their involvement in nuclear power, with groups of investors expected to raise the issue at shareholders meetings at the end of the month. The risks facing the thousands of workers who have taken part in the operation to stabilise Fukushima Daiichi were underlined when Tepco said six more were feared to have exceeded the legal limit of 250 millisieverts [mSv] a year, bringing the total to eight. The limit was raised from 100mSv a year early in the crisis to allow workers to spend more time at the plant, where nuclear fuel in three reactors suffered meltdowns. In the worst cases, two control room workers were exposed to well over twice the legal limit, Tepco said, as it released preliminary results of radiation tests on almost 2,400 workers who were based at the plant in March, when radiation levels were at their highest. The health ministry also said on Monday that at least 90 others have exceeded the original limit of 100mSv, including several who are nearing the 250mSv level. Experts believe that exposure to more than 250mSv increases the chances of a person developing cancer in their lifetime by 1%. Hidehiko Nishiyama, a spokesman for Japan’s nuclear and safety agency, described the findings as “extremely regrettable”. Tepco said none of those affected have showed signs of ill health, but added that they would need long-term monitoring. Japan Japan disaster Nuclear power Pollution Energy Justin McCurry guardian.co.uk
Continue reading …Officials say gunmen have taken hostages at provincial council headquarters in Baquba, north-east of Baghdad Iraqi officials said gunmen set off two car bombs outside a government compound east of Baghdad, then stormed it and took hostages. A spokeswoman for the Diyala provincial council, Samira al-Shibli, said the car bombs went off on Tuesday morning outside the government compound in Baquba. The gunmen then stormed the provincial council headquarters. Al-Shibli, who is based at the governor’s office in the same compound, said shooting could be heard. An official in the Diyala Operations Command who spoke on condition of anonymity said the gunmen had taken hostages inside the building. At least one person was killed and 10 wounded, police sources said. Baquba is 35 miles (60km) north-east of Baghdad. Iraq Middle East guardian.co.uk
Continue reading …‘I think that the age restriction, which was set in the past at 65, is not relevant today,’ Stanley Fischer said Stanley Fischer’s late bid to become the next leader of the International Monetary Fund has ended ignominiously, when he was barred from the race because of his age . The 67-year old governor of Israel’s central bank had hoped the IMF would overlook the stipulation that a new managing director must be no older than 65. Instead, Fischer found himself dismissed from the field just three days after his last-minute entry spiced up the contest. Fischer, a highly experienced economist, said he was disappointed not to be able to demonstrate his abilities. “I think that the age restriction, which was set in the past at 65, is not relevant today,” Fischer said. “I was hoping that the IMF board of directors would change its regulations, not only for the sake of my candidacy, but also for the sake of future candidates for the position of managing director”. Fischer added that he would “proudly and happily continue” as governor of the Bank of Israel. The deadline for nominations to succeed Dominique Strauss-Kahn as IMF head closed last Friday. Fischer’s forced withdrawal leaves just two candidates, French finance minister Christine Lagarde, and Bank of Mexico governor Agustin Carstens. The two shortlisted candidates will meet with IMF’s executive board later this month. The board hopes to make its choice by 30 June. Lagarde is widely seen as the frontrunner – despite Fischer appearing to question her credentials as a non-economist . Carstens admitted on Monday night that he is unlikely to become the first non-European to run the IMF. “I’m not fooling myself. It’s like starting a soccer game with a 5-0 score,” Carstens told an audience at the Peterson Institute for International Economics. Carstens also questioned, though, whether it would be right for a European to lead the IMF at a time when the eurozone debt crisis is threatening the stability of the global economy . “We could have a situation where borrowers dominate the institution,” he suggested. IMF Economics Global economy Dominique Strauss-Kahn Graeme Wearden guardian.co.uk
Continue reading …Llano laptops are like buses. You wait two years for just one to arrive and then eleven come out at once. Yep, AMD’s long-awaited hybrid CPU / GPU has finally gone official today and HP is wasting no time in introducing laptops harnessing its Accelerated Processing powers . On the consumer side, the Pavilion dv (dv4, dv6, dv7) and g (g4, g6, g7) series are both getting in on the action, with the dv models touting fancier additions like Beats Audio and CoolSense as justifications for their dearer pricing. For the more demure or business-oriented AMD fans, ProBook laptops of both b (6465b, 6465b) and s (4535s, 4435s, 4436s) varieties are also getting A-series processor options. Pricing starts out at $600 on the dv line and $450 for the g series, with both expected to ship in July, whereas the ProBook models will be a bit more punctual and arrive on June 27th, provided you have at least $519 to splash out. Ful PR after the break. Continue reading HP upgrades 11 Pavilion and ProBook laptops to AMD Llano APUs HP upgrades 11 Pavilion and ProBook laptops to AMD Llano APUs originally appeared on Engadget on Tue, 14 Jun 2011 02:34:00 EDT. Please see our terms for use of feeds . Permalink
Continue reading …A judge’s relationship with another man was the subject of a hearing Monday that sparked heated exchanges about if he should have divulged whether he wanted to marry his own partner before he struck down Calif.’s same-sex marriage ban. (June 13)
Continue reading …See that refined beast? You’re looking at the Toshiba Qosmio X770 — that European gaming behemoth we ogled from afar last month — and in a matter of weeks, it’ll continue its world tour to land on US shores. To recap, the company shrunk the screen from 18.4 inches to a more manageable 17.3, gave it a paint job that ever-so-subtly fades from red to gunmetal gray, and added a matching red backlit keyboard. This beefy guy comes in $1,199 and $1,899 configurations, with the higher-end model packing a 3D display, quad-core Core i7 CPU, and a 1.25TB hybrid hard drive, and the lower end offering a dual-core Core i5 CPU and a 750GB HDD. Either way, though, you’ll get NVIDIA GeForce GTX 560M graphics, 1.5GB of video memory, and MaxxAudio3 sound enhancement software. Meanwhile, Toshiba streamlined its consumer laptops for those non-gamers in the back-to-school crowd, axing the A and M lines, and leaving just the P series, for “premium.” It’ll include 14-, 15.6-, and 17.3-inch models, all decked out in a textured, two-tone Fuxion X2 finish and featuring USB sleep-and-charge ports, HDMI-out, Harman Kardon speakers, and that same MaxxAudio 3 utility. Depending on the configuration, you can also score NVIDIA GeForce GT540M graphics, Intel Wireless Display , a 4G radio, a Blu-ray drive, and a 3D screen (only on the 15-incher). On the inside, you’ve got your choice of Intel Core i3, i5, and i7 CPUs or a spankin’ new A6-3400M accelerated processing unit from AMD. Look for the 14-inch P745 with a starting price of $699, and 15-inch P755 and the 17-inch P775 for $629 and up. And, rounding out its portfolio, Toshiba refreshed its budget Satellite L700 series with Core 2011 processors and new AMD A4 and A6 APUs, while the entry-level Satellite C800 gets AMD Fusion C-50 and E-350 APU options. None of these laptops go on sale until later this month, so for now you can content yourself with those up-close-and-personal hands-on shots below. Gallery: Toshiba Qosmio X770 Gallery: Toshiba Satellite P700 Series Continue reading Toshiba outs blingtastic Qosmio X770 for the US market, new P, C, and L series laptops Toshiba outs blingtastic Qosmio X770 for the US market, new P, C, and L series laptops originally appeared on Engadget on Tue, 14 Jun 2011 03:00:00 EDT. Please see our terms for use of feeds . Permalink
Continue reading …Just a few hours formal child care per week can help shield toddlers from some of the lingering effects of their mom’s depression.
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Continue reading …In Monday’s GOP debate, Republican presidential candidates criticized President Barack Obama’s year-old health care law and vowed to repeal it. (June 13)
Continue reading …Boston set a Stanley Cup with four goals in a span of 4:14 in the first period and beat Vancouver 5-2 in Game 6 of the finals Monday night. The win forces a deciding Game 7 Wednesday in Vancouver. (June 14)
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