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Posts Tagged ‘GE’

TEPCO Readies For Extremely Dangerous, Never Before Attempted Operation To Remove 400 Tons Of “Spent” Nuclear Fuel At Fukushima

In Uncategorized on November 4, 2013 at 3:34 pm

Poolside: The spent-fuel pool of reactor 4 at the crippled Fukushima No. 1 nuclear power plant

Oldspeak: “The operation to begin removing fuel from such a severely damaged pool has never been attempted before. The rods are unwieldy and very heavy, each one weighing two-thirds of a ton, The worst-case scenario could play out in death to billions of people. A true apocalypse. 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.Christina Consolo, fallout researcher

“Should the attempt fail, a mishandled rod could be exposed to air and catch fire, resulting in horrific quantities of radiation released into the atmosphere. The resulting radiation will be too great for the cooling pool to absorb as it simply has not been designed to do so.

In the worst-case scenario, the pool could come crashing to the ground, dumping the rods together into a pile that could fission and cause an explosion many times worse than in March 2011.” -RT

The complex has recently seen a series of setbacks, including highly toxic water gushing from storage tanks into the Pacific. The incidents, many of them caused by human error, have added to concerns about operator Tepco’s ability to safely dismantle the No. 1 plant” –Japan Times

“Ummm…. this can’t be good. Let me get this straight. TEPCO is going to attempt an extremely dangerous and never before tried operation that it originally planned to do in 2 years in 1 YEAR? So they’re going to rush through the job, and expect everything to go off (pun intended) without a hitch?! Given its record of mismanagement, unpreparedness, false information, human error and breathtaking incompetence handling this ongoing and ever worsening ecological and environmental catastrophe, i don’t understand why  responsibility is still being left to TEPCO to do anything!  Why would anyone with knowledge of the situation have ANY confidence that TEPCO could execute this operation successfully?!?! Sure they’re accepting international help, 2 years later, but this is an unprecedented event. A triple-meltdown, where nuclear cores have been lost, and there is no existing means to contain the perpetual radiation release. Expect a potentially life altering fuck up to kill billions of people. There are just too many ways this shitshow can go sideways real fast. ” –OSJ

Related Story

U.S. To Help With No. 1 Shutdown

Dangerous Operation Planned For Fukushima Plant

By RT:

Fukushima operator TEPCO is getting ready for its toughest and the most dangerous clean-up operation. In November it will try to remove 400 tons of spent fuel from plant’s Reactor No. 4. But even a little mistake may result in a new nuclear disaster.

The operation is scheduled to start in the beginning of November and be completed by around the end of 2014.

Under normal circumstances, the operation to remove all the fuel would take about 100 days. TEPCO (Tokyo Electric Power Co) initially planned to take two years, but reduced the schedule to one year in recognition of the urgency, as even a minor earthquake could trigger an uncontrolled fuel leak.

During this period TEPCO plans to carefully remove more than 1,300 used fuel rod assemblies, packing radiation 14,000 times the equivalent of the Hiroshima nuclear bomb, from their cooling pool.

The base of the pool where the fuel assemblies are situated is 18 meters above ground and the rods are 7 meters under the surface of the water.

TEPCO’s first task is to remove the debris from the Reactor No. 4 fuel pool.

Then, one by one, the fuel rods will be removed from the top store of the damaged building using a crane suspended above the crippled reactor.

Installation status of fuel removal cover of Unit 4 (Image from tepco.co.jp)Installation status of fuel removal cover of Unit 4 (Image from tepco.co.jp)

Previously a computer-controlled process, this time it has to be done completely manually. And this is what makes this removal operation extremely dangerous.

The fuel rods must be kept submerged and must not touch each other or break.

“The operation to begin removing fuel from such a severely damaged pool has never been attempted before. The rods are unwieldy and very heavy, each one weighing two-thirds of a ton,” fallout researcher Christina Consolo earlier told RT.

Should the attempt fail, a mishandled rod could be exposed to air and catch fire, resulting in horrific quantities of radiation released into the atmosphere. The resulting radiation will be too great for the cooling pool to absorb as it simply has not been designed to do so.

In the worst-case scenario, the pool could come crashing to the ground, dumping the rods together into a pile that could fission and cause an explosion many times worse than in March 2011.

“The worst-case scenario could play out in death to billions of people. A true apocalypse,” Consolo said.

Reactor No. 4 contains 10 times more Cesium-137 than Chernobyl did. This lets scientists warn that in case of another nuclear disaster, it will be the beginning of the ultimate catastrophe of the world and the planet.

“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,” Consolo said.

The World Nuclear Report, released in July 2013, said “the worst-case scenario” will require evacuation of up to 10 million people within a 250-kilometer radius of Fukushima, including a significant part of Tokyo.

Although some experts are skeptical, TEPCO is confident the operation will be a success. Last year two fuel rods were successfully removed from the pool in a test operation, but back then rod assemblies were empty and posed a far smaller threat.

The operation will be just one installment in the decommissioning process for the plant, and is forecast to take about 40 years and cost $11 billion.

TEPCO, responsible for the clean-up, is struggling to cope with the aftermath of the nuclear disaster, but with the crisis over radiation-contaminated water at the plant, it has been criticized for its ad hoc response to the disaster. In August TEPCO pleaded for overseas help to contain the radioactive fallout, after 18 months of trying to control it internally.

The Japanese government was also ordered to take a more active role in controlling the overflow of radioactive water being flushed over the melted reactors in Units 1, 2 and 3 at the plant.

Three of the Fukushima plant’s nuclear reactors were damaged by an earthquake-triggered tsunami on March 11, 2011, which led to a nuclear disaster. The plant has been accumulating radioactive water ever since. The government imposed a 20-kilometer ‘no-go’ zone around the plant area.

U.S. Federal Reserve Audit Reveals $16 TRILLION In Secret Loans To Bailout U.S. And Foreign Bankers

In Uncategorized on July 22, 2011 at 4:31 pm

Oldspeak:” Hmm.  Maybe this is why there’s no money for paying teachers, cops, nurses, sanitation, and government workers. Maybe this is why the U.S. Government is on the verge of default. Maybe this is why we’re pretending not to notice more and more homeless people. Tens of trillions of U.S. dollars have gone to bankers. An audit of the Fed reveals why the establishment resisted an audit for so long.  In “a clear case of socialism for the rich and rugged, you’re-on-your-own individualism for everyone else “, the audit revealed widespread corruption, collusion, conflicts of interest, double dealing and profiteering among the individuals who facilitated this monumental transfer of wealth to the people responsible for crashing the global economic system with their reckless, unregulated speculative gambling with people’s savings, homes, jobs, food, health, and well being. Why is there money to bailout banks in South Korea and Scotland, but none for Main Street, the working poor, and homeless? The rich have the best government money can buy, that’s why. Socialism is here America! It’s just that’s it’s not for you. Just the unfathomably wealthy.”

By Newsroom @ Sen. Bernie Sanders

The first top-to-bottom audit of the Federal Reserve uncovered eye-popping new details about how the U.S. provided a whopping $16 trillion in secret loans to bail out American and foreign banks and businesses during the worst economic crisis since the Great Depression. An amendment by Sen. Bernie Sanders to the Wall Street reform law passed one year ago this week directed the Government Accountability Office to conduct the study. “As a result of this audit, we now know that the Federal Reserve provided more than $16 trillion in total financial assistance to some of the largest financial institutions and corporations in the United States and throughout the world,” said Sanders. “This is a clear case of socialism for the rich and rugged, you’re-on-your-own individualism for everyone else.”

Among the investigation’s key findings is that the Fed unilaterally provided trillions of dollars in financial assistance to foreign banks and corporations from South Korea to Scotland, according to the GAO report. “No agency of the United States government should be allowed to bailout a foreign bank or corporation without the direct approval of Congress and the president,” Sanders said.

The non-partisan, investigative arm of Congress also determined that the Fed lacks a comprehensive system to deal with conflicts of interest, despite the serious potential for abuse.  In fact, according to the report, the Fed provided conflict of interest waivers to employees and private contractors so they could keep investments in the same financial institutions and corporations that were given emergency loans.

For example, the CEO of JP Morgan Chase served on the New York Fed’s board of directors at the same time that his bank received more than $390 billion in financial assistance from the Fed.  Moreover, JP Morgan Chase served as one of the clearing banks for the Fed’s emergency lending programs.

In another disturbing finding, the GAO said that on Sept. 19, 2008, William Dudley, who is now the New York Fed president, was granted a waiver to let him keep investments in AIG and General Electric at the same time AIG and GE were given bailout funds.  One reason the Fed did not make Dudley sell his holdings, according to the audit, was that it might have created the appearance of a conflict of interest.

To Sanders, the conclusion is simple. “No one who works for a firm receiving direct financial assistance from the Fed should be allowed to sit on the Fed’s board of directors or be employed by the Fed,” he said.

The investigation also revealed that the Fed outsourced most of its emergency lending programs to private contractors, many of which also were recipients of extremely low-interest and then-secret loans.

The Fed outsourced virtually all of the operations of their emergency lending programs to private contractors like JP Morgan Chase, Morgan Stanley, and Wells Fargo.  The same firms also received trillions of dollars in Fed loans at near-zero interest rates. Altogether some two-thirds of the contracts that the Fed awarded to manage its emergency lending programs were no-bid contracts. Morgan Stanley was given the largest no-bid contract worth $108.4 million to help manage the Fed bailout of AIG.

A more detailed GAO investigation into potential conflicts of interest at the Fed is due on Oct. 18, but Sanders said one thing already is abundantly clear. “The Federal Reserve must be reformed to serve the needs of working families, not just CEOs on Wall Street.”

To read the GAO report, click here