The union of nine local governments in Kansai — the Shiga, Osaka, Kyoto, Hyogo, Wakayama, Tokushima and Tottori prefectures plus Osaka and Sakai cities — on Wednesday softened its opposition to the restart of the Nos. 3 and 4 reactors at Kansai Electric Power Co.’s (Kepco’s) Oi nuclear power plant in Fukui Prefecture.
The union’s turnaround has removed one of the last major obstacles to the central government’s effort to bring the reactors back on line. The central government is expected to make a final decision soon on restarting the reactors.
Comment Lucas: ” This is absolute the true face of the government to go against their own people in restarting the nuclear reactors and go on as nothing happened. And for sure denying all Japanese who said no to nuclear power ever again.”
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Posted onJune 2, 2012bylucas2012infos|Comments Off on Mish/ Mike Shedlock – Spain’s Prime Minister Begs For European Fiscal Nannyzone And Banking Union; Obama Seeks End To “Crisis Cloud”; Merkel Immediately Rejects Proposal; Cloud? What Cloud? – 2 June 2012
Spain on Saturday proposed the set up a new fiscal authority in the euro zone which would control and harmonize national budgets and manage the European debts. Continue reading →
Comments Off on Mish/ Mike Shedlock – Spain’s Prime Minister Begs For European Fiscal Nannyzone And Banking Union; Obama Seeks End To “Crisis Cloud”; Merkel Immediately Rejects Proposal; Cloud? What Cloud? – 2 June 2012
To many, this just meant the chances of more quantitative easing had increased. Surely, this is why gold prices spiked yesterday.
Vincent Reinhart, Morgan Stanley’s chief U.S. economist, thinks there’s an 80 percent chance that a new quantitative easing program is announced at the June 19-20 FOMC meeting.
“Slower employment growth, worsening strains in European markets, and a gloomier assessment of US politicians’ ability to steer clear of the impending fiscal cliff makes it likely that the Fed will mark down its already tepid forecast,” he wrote in a note to clients yesterday.
Here’s what he thinks it’ll look like:
As our base case, we assume the Fed would purchase $525 billion in 10-year duration equivalents, $475 billion in par amount. We expect the program to last nine months and remove $53 billion par amount of securities from the market each month – in line with previous programs.
Posted onJune 2, 2012bylucas2012infos|Comments Off on Lisa Gawlas – The Balancing Act Of June – Walking The Right Rope – 2 June 2012
Welcome to June… I think! If yesterday was any indication of what we are in for this month, well, just Holy Cow Batman!!
I don’t think there is a one of us not consistently hoping the “next month” is going to be easier, gentler on our energy systems and lives. I know I have been saying/hoping this since we headed into the 11/11/11 last year. If what I had seen yesterday in the field is any indication of what June offers us, June is not going to be that easy month!! Continue reading →
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Posted onJune 2, 2012bylucas2012infos|Comments Off on “The Elder Brothers Speak – A Message From The Heart Of The World” – The Kogi Tribe – 2 June 2012
Anticipating the arrival of the Kogi and Arhuaco Mamos we were reminded of the documentary, ‘The Elder Brothers Speak”. Filmed by Alan Ereira for the BBC in 1991, to date this video is one of the only points of access for anyone seeking information about the Kogi and their way of life. If you are hearing about the Mamos for the first time, ‘The Elder Brothers Speak’ will give you a sense of where these amazing beings are coming from and it will open your eyes to things that will beg you to rethink everything you’ve been taught about what it means to be human. We invite you to tune in and explore a world that has survived every attempt to destroy it, and to open your hearts the wisdom of the Elder Brothers, the ones who before the month is out, will be coming up from the ‘Heart of the World’ to remind their ‘Younger Brothers’ how to live. Continue reading →
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