If you can read this, either the style sheet didn't load or you have an older browser that doesn't support style sheets. Try clearing your browser cache and refreshing the page.

(Reuters)   TEPCO says $24 billion is not enough, puts their pinky to their lip and asks for ONE HUNDRED BILLION DOLLARS   (reuters.com) divider line 128
    More: Scary, TEPCO, radioactive contamination, radiation leaks, systemic problems, nationalization, lips, Fukushima, doses  
•       •       •

18542 clicks; posted to Main » on 30 Mar 2011 at 2:08 PM (3 years ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



128 Comments   (+0 »)
   

Archived thread

First | « | 1 | 2 | 3 | » | Last | Show all
 
2011-03-30 12:05:08 PM
And we'll look down and whisper, "No."
 
2011-03-30 12:52:04 PM
www.reuters.com

Vs.

i47.photobucket.com


I really havn't been following the japan-nuke-fail threads, so for all I know this comparison has been beat to death already.
 
2011-03-30 01:31:54 PM
rlv.zcache.com

IT'S TIME, BIATCHES
 
2011-03-30 02:10:36 PM
Nice..they are the biggest supplier of power in japan, so they can hold a gun to the japanese governments head.

way to stay classy and line your pockets.
 
2011-03-30 02:10:37 PM
They should follow RIAA and demand 75 trillion dollars.
 
2011-03-30 02:15:22 PM
$100 billion? That's like, all the yen, right?
 
2011-03-30 02:15:37 PM
Hell, shake out the cushions, I bet that much fell through the cracks from Obama's 'stimulus' programme alone!
 
2011-03-30 02:15:47 PM
It's not like they have a vending machine that just poops out nuclear reactors for a few coins. Then agin this is Japan...
 
2011-03-30 02:15:48 PM
Too toxic to fail.
 
2011-03-30 02:17:22 PM
Just for some persepective, until today the guesstimates for TOTAL damage in Japan were $200 to $300 billion and an estimated $40 billion covered by insurance. Wall Street Journal (new window) March 24.
 
2011-03-30 02:17:23 PM
What's with all the blue jumpsuits? The Japanese PM wears one too along with his cabinet secretary. Now the power company executives are wearing them.
 
2011-03-30 02:18:17 PM

Bit'O'Gristle: Nice..they are the biggest supplier of power in japan, so they can hold a gun to the japanese governments head.

way to stay classy and line your pockets.


Japan government mulls Tokyo Electric nationalization: media

Maybe not
 
2011-03-30 02:18:20 PM
MUHOHOHOHOHOHOHOHOHO!
 
2011-03-30 02:19:54 PM

Walker: What's with all the blue jumpsuits? The Japanese PM wears one too along with his cabinet secretary. Now the power company executives are wearing them.


Hell, the Emporer was wearing one while visiting one of the refugee centers.
 
2011-03-30 02:20:16 PM

Walker: What's with all the blue jumpsuits? The Japanese PM wears one too along with his cabinet secretary. Now the power company executives are wearing them.


it's a speed suit. go team venture!
 
2011-03-30 02:20:56 PM
I see that picture and think: "The Japanese community frowns on your shenanigans."
 
2011-03-30 02:22:24 PM
Capitalism rules. Until there's losses. Then socialize it, baby.
 
2011-03-30 02:23:12 PM
Yakuza tentacle.
 
2011-03-30 02:26:36 PM
So they can basically be nuclear terrorists? Give us what we ask for or melt down is imminent?
 
2011-03-30 02:27:55 PM

atomic-age: Too toxic to fail.


*snort*
 
2011-03-30 02:29:46 PM
Remember all the people claiming there couldn't be a loss of containment? That it's completely impossible? That the engineers had planned for everything? It's possible they were wrong.
 
2011-03-30 02:37:02 PM
We need more fark nuclear experts. The calm-mongerers are wonderfully entertaining.
 
2011-03-30 02:40:25 PM
People, this is nothing to worry about! Coal is much more expensive anyway, and this amount of money will never be disbursed. Plus spending this much money just proves how safe the nuc... sorry, financial system is! Why must you all panic like madmen?? I blame the press for spreading this!
 
2011-03-30 02:40:52 PM
This is why no insurance company in the world will touch a nuclear reactor and it needs to be "insured" by the government.

But socialism is bad!
 
2011-03-30 02:45:31 PM

bigdavediode: We need more fark nuclear experts. The calm-mongerers are wonderfully entertaining.


As a man who holds absolutely no degrees in any nuclear discipline, or any discipline for that matter, I would like to clarify the seriousness of the situation.

*ahem*

WE'RE ALL GOING TO FARKING DIE!!!!

/Just probably not as a result of this particular disaster
//At least not all of us...
 
2011-03-30 02:45:50 PM
The market cap of their stock is almost 749B yen ($9 Billion).

If they are going to socialize their loss, may as well buy them out and socialize it all the way
 
2011-03-30 02:48:06 PM

Vlad_the_Inaner: The market cap of their stock is almost 749B yen ($9 Billion).

If they are going to socialize their loss, may as well buy them out and socialize it all the way


Buy them out? Um, no. The shareholder value should be reduced to nil and the company seized.

You don't get paid to fail.
 
2011-03-30 02:49:09 PM

dj_swim: This is why no insurance company in the world will touch a nuclear reactor and it needs to be "insured" by the government.

But socialism is bad!


I found one that would, it's a special division of Lloyds of London, but it might only insure reactors where the damages are capped by the government. Ie. you're exactly right.
 
2011-03-30 02:49:10 PM

Bit'O'Gristle: Nice..they are the biggest supplier of power in japan, so they can hold a gun to the japanese governments head.

way to stay classy and line your pockets.


Because the financial community's not responsible. Oh, no.

"We believe the stock could go to zero," an executive at a hedge fund with $1 billion invested in Asia told Reuters. "We think the Japanese government will guarantee or nationalize it. What we have been doing is that we have been looking at senior secured debt. We have been buying basically."

There's plenty of classy to go around, here.
 
2011-03-30 02:49:33 PM
So lets take a look at how a similar disaster in the USA would cost the US taxpayer, via the Price-Anderson Act.

"Under existing policy, owners of nuclear power plants pay a premium each year for $375 million in private insurance for offsite liability coverage for each reactor unit. This primary, or first tier, insurance is supplemented by a second tier. In the event a nuclear accident causes damages in excess of $375 million, each licensee would be assessed a prorated share of the excess up to $111.9 million. With 104 reactors currently licensed to operate, this secondary tier of funds contains about $12.6 billion. If 15 percent of these funds are expended, prioritization of the remaining amount would be left to a federal district court. If the second tier is depleted, Congress is committed to determine whether additional disaster relief is required." Link (new window)

Yep, sounds about right - anything over ~$13 billion is footed by the taxpayer.
 
2011-03-30 02:50:32 PM
i.min.us
 
2011-03-30 02:50:51 PM

DrRatchet: Vs.

I really havn't been following the japan-nuke-fail threads, so for all I know this comparison has been beat to death already.


Do you have a picture of the back of those jumpsuits? Do they say vault 101?
 
2011-03-30 02:51:27 PM

Trolljegeren: Remember all the people claiming there couldn't be a loss of containment? That it's completely impossible? That the engineers had planned for everything? It's possible they were wrong.


Not wrong yet. Everything is still inside the containment building.

The containment vessel (pressure vessel) is inside the containment building. The containment building is still intact and doing exactly what it's supposed to do.
 
2011-03-30 02:51:45 PM

bigdavediode: Vlad_the_Inaner: The market cap of their stock is almost 749B yen ($9 Billion).

If they are going to socialize their loss, may as well buy them out and socialize it all the way

Buy them out? Um, no. The shareholder value should be reduced to nil and the company seized.

You don't get paid to fail.


...

BWAHAHAHAHAHAHAHAHAHAHAHAHAHA*gasp gasp*HAHAHAHAHAHAHAHAHAHAHAHAHAHA*wheeze snort*HAHAHAHAHAHAHAHAHAHAHAHAHAHAHA*cough hack*Hahahahahahahahaha*pant pant cough*hehehehehehehehehehehe

*deep breath*

What planet are you from? *snicker*
 
2011-03-30 02:51:48 PM

Ambitwistor: They should follow RIAA and demand 75 trillion dollars.


Dow Jones and the Temple of Doom: $100 billion? That's like, all the yen, right?


If they keep going, they might get to some real money...
 
2011-03-30 02:53:32 PM

BradleyUffner: Not wrong yet. Everything is still inside the containment building.

The containment vessel (pressure vessel) is inside the containment building. The containment building is still intact and doing exactly what it's supposed to do.


LOL. Keep the faith, brother! Never say die!
 
2011-03-30 02:53:55 PM
Omnivorous 2011-03-30 02:17:22 PM
Just for some persepective, until today the guesstimates for TOTAL damage in Japan were $200 to $300 billion and an estimated $40 billion covered by insurance. Wall Street Journal (new window) March 24.
===============================================================

// Umm, i told y'all some weeks ago..
1.4 to 4.5 Trillion when its all totaled up.
Every friggn Atomic Pile in Japan will be shutdown and D-commed, when som e"info" hits the fan.
The world economy will once again go to its knees,
and suck bananas.
 
2011-03-30 02:54:31 PM

StupidPopMediaReference: *deep breath*

What planet are you from? *snicker*


Well I wrote "should" not "what will happen in the business world of nuclear taxpayer welfare."
 
2011-03-30 02:56:42 PM

dj_swim: This is why no insurance company in the world will touch a nuclear reactor and it needs to be "insured" by the government.

But socialism is bad!


Yeah, I enjoy cleaning up the mess of corporations with my tax dollars. Hooray for socialism
 
2011-03-30 02:57:10 PM
Just think ... all this could have been avoided by six foot taller wall.

(It's a nuclear power station built on the edge of the sea in a tsunami-prone area. You'd think they'd build a decent wall around it, but nooooo...)
 
2011-03-30 03:02:43 PM
Last time I checked the cost of a new power station was around $5 billion. Wouldn't it be much cheaper to just bury this one in concrete and start over?
 
2011-03-30 03:03:22 PM
Oh yes, situashun nolmar

there is no mole emergency

can we has money now?
 
2011-03-30 03:05:10 PM

Joce678: Just think ... all this could have been avoided by six foot taller wall.

(It's a nuclear power station built on the edge of the sea in a tsunami-prone area. You'd think they'd build a decent wall around it, but nooooo...)


Dude, there's no way they could have known . . .

Oh wait - Tokyo Electric Power Co's senior safety engineer in 2007: "We still have the possibilities that the tsunami height exceeds the determined design height due to the uncertainties regarding the tsunami phenomenon," Tokyo Electric researchers said in a report reviewed by Reuters.

The research paper concluded that there was a roughly 10 percent chance that a tsunami could test or overrun the defenses of the Fukushima Daiichi nuclear power plant within a 50-year span based on the most conservative assumptions.

But Tokyo Electric did nothing to change its safety planning based on that study, which was presented at a nuclear engineering conference in Miami in July 2007."
Link (new window)
 
2011-03-30 03:09:35 PM

bigdavediode: Well I wrote "should" not "what will happen in the business world of nuclear taxpayer welfare."


Huh?

bigdavediode: You don't get paid to fail.


THAT'S what I was laughing at.
 
2011-03-30 03:12:49 PM

bigdavediode: Vlad_the_Inaner: The market cap of their stock is almost 749B yen ($9 Billion).

If they are going to socialize their loss, may as well buy them out and socialize it all the way

Buy them out? Um, no. The shareholder value should be reduced to nil and the company seized.

You don't get paid to fail.


The Chicago Cubs would beg to differ.
 
2011-03-30 03:15:46 PM

MrSteve007: Joce678: Just think ... all this could have been avoided by six foot taller wall.

(It's a nuclear power station built on the edge of the sea in a tsunami-prone area. You'd think they'd build a decent wall around it, but nooooo...)

Dude, there's no way they could have known . . .

Oh wait - Tokyo Electric Power Co's senior safety engineer in 2007: "We still have the possibilities that the tsunami height exceeds the determined design height due to the uncertainties regarding the tsunami phenomenon," Tokyo Electric researchers said in a report reviewed by Reuters.

The research paper concluded that there was a roughly 10 percent chance that a tsunami could test or overrun the defenses of the Fukushima Daiichi nuclear power plant within a 50-year span based on the most conservative assumptions.

But Tokyo Electric did nothing to change its safety planning based on that study, which was presented at a nuclear engineering conference in Miami in July 2007." Link (new window)


Ten percent is pretty effin' far from "unforseeable", which is the line we've been fed this last week.

Now cue more 9.0 mis-directors.
 
2011-03-30 03:19:38 PM
Maybe they should borrow the money from China. I hear China has an answer all prepared for them and everything.

(and I bet it starts with remember Nanking and ends with a big F*ck You)
 
2011-03-30 03:20:11 PM
PunGent 2011-03-30 03:15:46 PM
Ten percent is pretty effin' far from "unforseeable", which is the line we've been fed this last week.
==================================================================

// To be fair, thats the "yardstick" used throughout the industry, worldwide.
Its worked pretty well so far, with only one exception.
 
2011-03-30 03:25:26 PM

Trolljegeren: Remember all the people claiming there couldn't be a loss of containment? That it's completely impossible? That the engineers had planned for everything? It's possible they were wrong.


Your handle is most fitting.
 
2011-03-30 03:36:09 PM

indarwinsshadow: Maybe they should borrow the money from China. I hear China has an answer all prepared for them and everything.

(and I bet it starts with remember Nanking and ends with a big F*ck You)


*applause*
 
Displayed 50 of 128 comments

First | « | 1 | 2 | 3 | » | Last | Show all



This thread is archived, and closed to new comments.

Continue Farking
Submit a Link »






Report