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Tuesday, 15 March 2011
Japan's Nightmare Gets Even WORSE: All THREE Damaged Nuclear Reactors Now in 'Meltdown' at Tsunami-Hit Power Station
The Japanese nuclear reactor hit by the tsunami went into 'meltdown' today, as officials admitted that fuel rods appear to be melting inside three damaged reactors. There is a risk that molten nuclear fuel can melt through the reactor's safety barriers and cause a serious radiation leak.
There have already been explosions inside two over-heating reactors at the Fukushima Dai-ichi nuclear plant, and the fuel rods inside a third were partially exposed as engineers desperately fight to keep them cool after the tsunami knocked out systems.
Saudi sends troops, Bahrain Shi'ites call it "war"
(Reuters) - Saudi Arabia sent troops into Bahrain on Monday to help calm weeks of protests by the Shi'ite Muslim majority, a move opponents of the Sunni ruling family on the island called a declaration of war.
Analysts saw the troop movement into Bahrain, home to the U.S. Navy's Fifth Fleet, as a mark of concern in Saudi Arabia that concessions by the country's monarchy could inspire the conservative Sunni-ruled kingdom's own Shi'ite minority.
About 1,000 Saudi soldiers entered Bahrain to protect government facilities, a Saudi official source said, a day after mainly Shi'ite protesters overran police and blocked roads.
Analysts saw the troop movement into Bahrain, home to the U.S. Navy's Fifth Fleet, as a mark of concern in Saudi Arabia that concessions by the country's monarchy could inspire the conservative Sunni-ruled kingdom's own Shi'ite minority.
About 1,000 Saudi soldiers entered Bahrain to protect government facilities, a Saudi official source said, a day after mainly Shi'ite protesters overran police and blocked roads.
10 Year Bond Yield Plunges
Finally, we have a true liquidation flight to safety. We expect the Fed will come to market with an announcement before market opens tomorrow.
Tokyo Exodus Beginning?
Mikan in Tokyo writes: "There is a growing sense that the Japanese government is not telling us the true story. On one end, there is the Japanese media that plays down the nuclear drama and focuses on human drama, and at the other, the foreign media is up-playing the nuclear disaster. In my company I heard at least half the essential staff is being sent to Hong Kong, Singapore or even Sydney. I am preparing to leave Tokyo and/or Japan. So are many of my friends. There is a sense of deserting Tokyo as soon as possible."
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