Quotes

"Fascism and communism both promise "social welfare," "social justice," and "fairness" to justify authoritarian means and extensive arbitrary and discretionary governmental powers." - F. A. Hayek"

"Life is a Bungling process and in no way educational." in James M. Cain

Jean Giraudoux who first said, “Only the mediocre are always at their best.”

If you have ten thousand regulations, you destroy all respect for the law. Sir Winston Churchill

"summum ius summa iniuria" ("More laws, more injustice.") Cicero

As Christopher Hitchens once put it, “The essence of tyranny is not iron law; it is capricious law.”

"Government’s view of the economy could be summed up in a few short phrases: If it moves, tax it. If it keeps moving, regulate it. And if it stops moving, subsidize it." Ronald Reagan

"Law is where you buy it." Raymond Chandler

"Why did God make so many damn fools and Democrats?" Clarence Day

"If I feel like feeding squirrels to the nuts, this is the place for it." - Cluny Brown

"Oh, pshaw! When yu' can't have what you choose, yu' just choose what you have." Owen Wister "The Virginian"

Oscar Wilde said about the death scene in Little Nell, you would have to have a heart of stone not to laugh.

Thomas More's definition of government as "a conspiracy of rich men procuring their own commodities under the name and title of a commonwealth.” ~ Winston S. Churchill, A History of the English Speaking Peoples

“Laws are like cobwebs, which may catch small flies, but let wasps and hornets break through.” ~ Jonathon Swift

Friday, March 25, 2011

Japan Update: Fukushima Work Goes On; More Radiation Worries

Japan Update: Fukushima Work Goes On; More Radiation Worries | Real Time Market News | Need to Know News

First Published Friday, 25 March 2011 02:19 am - © 2011 Need to Know News

-- Updates With More on Worker Accident In Paragraph 4

TOKYO (MNI) - Work to restart cooling systems at the crisis-hit Fukushima Dai-ichi nuclear power plant continued Friday as fears over radiation in food and water spread.

Parts of the crisis-hit nuclear facility remain out of bounds for workers at the plant due to high radiation levels, hindering efforts to restart cooling systems at the plant.

Three workers were exposed to excessive radiation levels in Reactor 3's turbine room on Thursday and two were hospitalized with radiation burns to their legs from standing in radiated water in the room.

Tokyo Electric Power Co (TEPCO) officials said Friday that they measured radioactivity levels 10,000 times normal in the water the workers were standing in. The water from the reactor is normally radioactive but the elevated level measured likely means the fuel rods in the reactor have been damaged, said an official with the Japan Nuclear and Industrial Safety Agency.

Officials hope to have power hooked up to a pump in Reactor 3 on Saturday, which would allow them to resume its normal cooling water circulation. But targets for resuming power to the pumping system have been pushed back again and again since last Saturday as the roller coaster of news out of the plant continues.

Meanwhile, already nervous Japanese consumers were hit with more worries as excessive levels of radiation were found in a type of leafy vegetable growing near Tokyo.

On Thursday, officials lifted a warning for infants to avoid drinking Tokyo tap water but two other cities -- Sendai and Chiba -- announced excessive radiation levels in their water and advised infants not to drink it.

A long list of vegetables from Fukushima and three other nearby prefectures has been found to contain excessive levels of radiation.

Meanwhile, Japanese television showed white smoke or steam, presumably carrying radiation, still rising from three reactors at the plant Friday morning.

tokyo@marketnews.com ** Market News International Tokyo Newsroom: 81-3-5403-4835 **

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