RE’s Geological & Cosmological Event Watch

41 comments

Posted on 12th March 2011 by Reverse Engineer in Economy |Social Issues |Technology

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Resistance is Futile

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Rant Lite

Today’s rant examines the ongoing geological catastrophe in Japan, and concludes with the coming leak of Bank Of Amerca Fraud & Corruption by the Hacker Collective Anonymous.

 

Quote of the Day

Luk 21:10Then He said to them, “Nation will rise against nation, and kingdom against kingdom.

Luk 21:11“And there will be great earthquakes in various places, and famines and pestilences; and there will be fearful sights and great signs from heaven.

 

 

 

 

 A Tale of Two Depressions

As the Great Depression progressed onward, the early collapse in RE prices made many Banks insolvent, which then precipitated the Stock Market Crash of 1929. 

 

Geological and Cosmological Event Watch Thread

Not sure if there is really a significant increase in geologic events right now, but at least reading the MSM over the last year it appears to me that there has been an increase in frequency and in amplitude.

 

 

Other Shoes and the Uselessness Premium

“Creating fuel production in a failed- state Libya is beyond the grasp of the EU’s and United States’ unconventional ‘assets’. Blatant military intervention would be opposed by Russia, China and no doubt the other oil- producing autocracies.”

 

 

   

I had a nice Daily Rant about ¾ done yesterday following up on the issue brought up in the Lawrence of Arabia thread regarding Winston Churchill and the behavior of the Anglo branch of the Illuminati which I was going to finish up tonight, however that post is now on Indefinite Hold due to Geological and Cosmological events swamping out the Man Made economic disaster, currently unfolding in real time on the island of Honshu.

I started a Geological and Cosmological Event Watch 3 years ago on the Peak Oil board when the increasing frequency of active volcanism and earthquakes was first becoming apparent. This is a fun thread to read if you have a LOT of time on your hands. LOL. My friend Stormbringer and I covered the Earthquake Swarms in Yellowstone in one of the longest running threads on that board ever, it ran over 80 pages and more than 1200 comments long.  We had contributions from geologists working for the USGS along with Rock Docs from the Oil Patch all contributing to the thread.

The general consensus was that there was definitely increasing geological activity and that we would definitely be seeing “The Big One” coming down the pipe, though of course nobody could pinpoint where it would strike or exactly when.  Now, I don’t know if you want to categorize the Sendai Quake and Tsunami as “THE” Big One, or just “A” Big One, but by all measures “Big One” does apply to this event.

Now so far the MSM is studiously avoiding estimates on Loss of Life for this event past the “more than 1000” level, but given the size of the Tsunami, variously estimated at 7 meters high to 10 meters high which traveled inland some 30KM  or so in one of the most densely populated regions on earth, the final tally on this one is almost certainly going to surpass the Indonesian Tsunami which took out over 200,000 Human Souls.  This is not even including any further problems that might come down the pipe from the currently overheating Nukes, nor does it take into account the firestorms raging in various cities and towns in the area.

The last MSM story I read described the scene in Tokyo as “Apocalyptic”, with many fires raging, and the epicenter of the quake was FAR from Tokyo.  At least 4 Commuter Trains have been listed as “Missing”.  Many people still remain trapped in Elevators and in the Tokyo Subway system.  Besides the currently offline Nukes, many Thermal plants and Hydro plants are still offline.  Fresh Water supplies have been contaminated over a vast area.  In the area where the Tsunami has receeded, rescue teams still cannot get in because the roads have been washed away.

All in all, this disaster makes Katrina look like small potatoes.  By itself with a population of 1M people, Sendai is bigger than New Orleans was pre-Katrina.  Thing is, the Tsunami hit all along a densely populated coastline over at least 200 kilometers and moved 30 km inland, and the total population affected is far more than 1M people.  Its just mind boggling.

Like Katrina, this story is going to be dominating the Newz for weeks and months to come here, at least until we get an even BIGGER Black Swan flying in for a landing.  Trying to predict how the Manipulated Financial markets will react to this next week is nearly impossible, though I will make a stab at it later in this article.  The Japanese are going to float Bonds here, which Helicopter Ben is likely to buy up en masse with more freshly printed Dollar digibits.  Oil may DROP in price because so many Nip Oil Refineries are offline and no longer demand the Oil.  Resultant from that, to get enough Gas and Diesel, the Nips will have to import the stuff already refined, and for gasoline particularly that is a difficult thing to do, because it is so volatile. Very specialized tankers necessary for that, and there are not many of them.  Basically, virtually INSTANTLY, a large area of one of the most Industrialized First World countries is facing all the system breakdowns of energy, transportation and sanitation/water supply to be expected more gradually from general Oil starvation.  Besides that, a significant portion of their Rice Crop has been destroyed.

This isn’t Haiti folks, its not poor black folks in a 3rd world hell hole.  It’s fucking JAPAN.  One wonders how NHK MSM is going to cover it.  As a Client State of the FSofA since WWII, one suspects they will be quite controlled in what Newz actually gets dispersed.  This will be a real TEST of the alternative media of the Blogosphere and of individuals using their Cell Phones to capture and distribute the images across the net.

So, what is causing this, and what can we expect in the future?  Explaining it categorically with proven scientific “facts”isn’t possible (Muckabout is sure to take this paragraph to task.LOL), but there are some curious coincidences to consider.  Right before this Quake, the Sun had one of its biggest Magnetic Storms in years.  Up here on the Last Great Frontier, the Aurora Borealis was simply EXTRAORDINARY the night before the quake.  The Earth’s molten core is mostly Iron, and changes in the magnetic field could be creating a lot of stress on the spinning field it creates itself. How much physical stress that puts on the plates and how much heat stress you get is open to conjecture, but on a planetary scale it most certainly could add up to a lot of energy transfer through the whole of the Solar system. Remember your Thermodynamics, Energy is neither created nor destroyed, just transferred from one form to another.  If the Sun shoots out a TSUNAMI of magnetic flux directed at the Earth, its going to get transferred into the earth.  It did that, evidenced by the spectacular light show we got from the Northern Lights. The Solar Cycle we are expected to go into here Peaking in 2013 has more of these magnetic storms occurring more frequently.  So if there is a relationship between Heliomagnetic Storms and Terrestrial Geophysical events, then they are going to increase in magnitude and frequency along with the solar disturbances.

On a pure physical level, each big disturbance here destabilizes other vulnerable areas where stresses have built up. So in Japan, directly after the Big One in Sendai estimated at 8.9 on the Richter scale, there have been dozens of aftershocks themselves over 6, quite enough to cause significant damage themselves. Will this destabilize the ENTIRE Ring of Fire in Cascade fashion?  Doomer that I am, I expect it will, and so I expect to see more Big Ones all around the Ring of Fire, and more Vulcanism.

How often are these “Big Ones” on the Ring of Fire coming now?  Well in the last year we had a Big One in Chile, and we just had a Big One in NZ.  We are due for one anyhow on several areas along the San Andreas fault in CA, and here in Alaska as well.  If we do get another one someone along this ring in the next year, I think you can say with good assurance we are in the DEEP Doo-Doo, because we are still a good 18 months to 2 years away from Max Stress based on the Solar Cycle.  Add to that the unknowable stress we will be subjected to as we pass through the Galactic Ecliptic on 12/21/2012, the very bowels of the earth might vomit up under the vast flux of energy through the Milky Way Galaxy.

Even “Big Ones” though are not Civilization terminating events anywhere but where they actually occur.  In aggregate, many of them could make this civilization ending if they happen frequently enough, but a single one will not do it anywhere.  Not even taking out all of Tokyo or Los Angeles would do that. The only SINGLE event which might be Civilization Ending on an local planetary scale (excluding external Asteroid impact) would be if this stress sets in motion enough of a cascade to set off one of the Supervolcanos, Yellowstone of course being the prime candidate because its about 60,000 years overdue.  I am going to be monitoring the Seismos at Yellowstone in mid June and again mid December this year.  If what has been occurring here follows the pattern, this is when we would see another big Swarm of Quakes around the Caldera there.  It seems to be related to the summer and winter solstice.

Even before Yellowstone blows though, I am quite sure we will have some more “Big Ones” along the Ring of Fire this year.  This one in Japan hit 8.9, possibly 9.0, making it the 5th largest Quake ever recorded.  It’s the current Benchmark.  If/when we get  bigger ones than that, it would be a good time to start Drinking.  Heavily.  Keeping my fingers crossed my Cabin is not right above Ground Zero for the next one of course.  Not that this would not be a bad way to go out, but I sure would hate to buy that ticket to the Great Beyond and MISS Yellowstone going Ballistic during my corporeal existence a measely year later.

While considering the Supervolcanos sprinkled around the Globe, let us not forget that Toba is just north of the recent quake in New Zealand and south of the quake in Japan.  So it is getting stressed from both the North and the South.  Also let us not forget the biggest Motherfucker of ALL TIME, Fish Canyon Tuff in La Garita Caldera which put an astounding 5000 cubic kilometers of ejecta up into the atmosphere is also probably due, though its periodicity isn’t known because it only blew off once 2.3M years ago in the geological record.  If just Toba or Yellowstone blow, its civilization ending, but might not be the end of Homo Sapiens.  There might be a tribe of 10,000 Human Souls or 1000 Breeding Pairs who makes it through somewhere.  If La Garita goes, it’s a Permian-style Extinction event of just about all life forms above the level of the Tardigrades.

Now, let us leave the musings on a forthcoming extinction level disaster aside for a moment, and just focus on the current disaster unfolding in Japan.  What are the secondary effects it is going to have on the worldwide financial markets?  Well first off, the Insurance and Reinsurance industry is going to be about wiped out here.  The nuke plants alone taken out here are liabilities in the Billions.  Add all the other industries, loss of farmland, loss of life and property, we’re certainly looking at triple digit Billions here, even Trillions is not out of the question when you consider how this is going to affect the total Japanese economy.

The Japanese have been mired in a 20 year long depression, barely papered over by extend and pretend keeping their banking system floating.  How can all the BROKE Nation-States of the world really loan them any money to rebuild after this disaster? Is the “solvent” Nation of China going to lend them Hyperinflating Renminby because the Chinese LOVE the Japanese so much?  You think the Chinese have forgotten what the Nips did to them in WWII?  I think not. With Nuke Plants exploding here, one suspects the Japanese would not have much stomach for building new ones anyhow, and obviously they cannot replace them with Fossil Fuel burning plants, so replacing the lost electrical power generation capability really is not even possible even IF you had money to do it with.  Whatever recovery does take place in the Land of the Rising Sun, its going to be on a whole heck of a lot lower energy footprint.  This means we are likely saying goodbye to Sony TVs and Toyota Cars built on their home soil.  The energy they use in manufacturing this stuff is going to have to be redirected to just maintaining basic services internally.  I think you can say with reasonable assurance that along with the British Isles, the Sun has now Set on the Japanese islands of Honshu and Hokkaido also.

What does this mean for all the currency traders who hold a lot of Yen?  Well, briefly it might make the Yen more valuable, since the Japanese will need it to do any kind of rebuilding with, but what is the value of the Yen based on?  Their manufacturing capacity of course.  They certainly do not have a lot of arable for food export, actually a good deal less of it today than they had 2 days ago. They don’t have local reserves of Energy for export either.  So the Japanese are now essentially a Welfare state dependent on the Kindness of Strangers to float them loans based on…NOTHING.  The Yen as a currency is going to go down the toilet, and anybody who holds a lot of Yen based assets is going to lose his shirt.  And his underwear.

One has to suspect that the Illuminati will be running for the fire exit here next week on the Tokyo stock exchange.  Katy Bar the Door! Unlike the Brainy Asian children in Miyagi-Ken Prefecture who were studying hard in their Science and Math classrooms when they got washed out to sea to become Fish Food and will now NOT Apply to the Wharton School of Bizness at the University of Pennsylvania adjacent to the 30 Blocks of Squalor in Philadelphia, these folks still retain their lives, but all the MONEY they invested in Japanese stocks was washed out to sea with the Tsunami.  Of course, the Tsunami on the Nikkei Exchange will wait for Monday to begin, but I do not see how that will not go lock limit down in the first hour of trading.  The Japanese are going to have to halt trading.  Even Helicopter Ben cannot print money fast enough to stop that Tsunami.  Or can he?  If the International PPT can keep the Nikkei floating, I will just be astounded.

If indeed there is a run on the Nikkei, then this means MARGIN CALLS across the board.  All the Big Boys are levered up here to beat the band, so to meet those calls they will have to liquidate assets on other exchanges around the world.  By about any measure, the PHYSICAL collapse of the City of Sendai and Miyagi-Ken Prefecture is a WAY bigger Black Swan than even Lehman.  I’m NOT however going to go in on Monday morning and bet short, though I am quite sure this is a winning bet for next week.  I simply cannot bring myself to take profit in the loss of so many lives.  Anybody who does this can consider themselves a Profiteer of Death, and you will Burn in Everlasting Torment in the Fire and Brimstone of Hell if you do it.  Its just like bidding up the price of Commodities when you KNOW people are starving because they cannot afford the food.  It is fundamentally immoral to take profit on the misery of others in this way.

Now, besides all this going on, apparently ALSO the Hacker COLLECTIVE known as “Anonymous” is going to release documents on Monday proving the Corruption and Fraud perpetrated by BofA.  While the Public Unions are currently in Full Retreat losing the battle against the Power of the Statists, the POWER of the UNION of Hackers is growing.  It is the power of the COLLECTIVE, the power of the BORG.  Resistance is Futile.  “Anonymous” is TRULY powerful, much moreso than Julian Assange BECAUSE they are “ANONYMOUS”. There is no one person for the MSM to focus on, no one to prosecute for “sex crimes”.  There are many of them out there all with their own Laptops, all connected to the World Wide Web.  No central hub to take out, unless you take down the Internet itself.  MANY angry IT Geeks out there right now who have lost their 6 figure jobs for smaller companies running the LAN for that company when it went under. Many recent graduates of IT programs at many Universities who cannot find a Job.  Not every one of them is a fucking GENIUS who can go in through the back door of a Goobermint or Bank network and bypass the security, but most certainly a few of them CAN and nobody KNOWS who they are.  They know how to use proxy servers and launch bots and viruses to hunt down what they want to find, or swamp out servers they don’t like with DNS attacks. They have PROVED this already. They are ANONYMOUS, and NOBODY, not even the Illuminati can Fuck with Anonymous.  Anonymous is as close to Bulletproof as you can GET in an information based society.  Anonymous means literally “No Name”.  If you cannot NAME the enemy, you have no target. No “Al-Quaeda”, no Osama Bin Ladin, no Obama, no “el-Kabong”, nay not even  “Jamie Dimon” or “Lloyd Blankfeien” to pillory.  Only “Anonymous”, no face to put to the “enemy”.  As long as you remain Anonymous, you cannot be touched, and the more Anonymous there are, the more POWER they will accrue.

There is no “Bradley Manning” or “Julian Assange” for the MSM to focus the attention of the masses on with the Hackers of Anonymous. Anonymous is the UNION of the smart and disenfranchised who have now had ENOUGH.  They cannot be stopped by the Illuminati until they take down the Web entirely, and they cannot do that because it is their own means of control.  “Anonymous” will WIN this battle.  “Anonymous” are the BORG.  The COLLECTIVE will WIN against the Individual eventually always.  The Meek Shall Inherit the Earth. The Illuminati are FINISHED. The Borg will eat them alive.  You want to be on the WINNING side here?  Join with the Borg, JOIN THE COLLECTIVE.  Become a part of the UNION of Anonymous.

RESISTANCE IS FUTILE.

RE

41 Comments
  1. Smokey says:

    What a steaming pile of rancid feces.

    12th March 2011 at 10:38 pm

  2. KaD says:

    As per the cosmological angle, you may find this interesting:

    http://astrodynamics.net/blog/

    12th March 2011 at 10:42 pm

  3. Reverse Engineer says:

    @KaD

    I think I read over on Zero Hedge that Chris Martenson has gone full tilt with the Astrology angle.

    RE

    12th March 2011 at 10:46 pm

  4. Steve Hogan says:

    Dude, get a grip.

    12th March 2011 at 10:53 pm

  5. ecliptix543 says:

    Quite entertaining, as usual. As much as I prefer to root for disasters and collapse of the system, the Japs are actually experiencing an apocalypse. It’s some fucked up shit going on over there and I agree with the immorality of profiteering from this. Now, profiteering from the very timely demise of BoA, however, is another story. FUCK THEM WITH SMOKEY’S DICK.

    13th March 2011 at 12:17 am

  6. Old Silverttp says:

    With the Rape of Nan King, et al, on the history laden minds of the Chinese, ain’t nuttin’ gonna happen, unless there’s a mega giant profit in it. Schadenfreude might make it all worth while. On the other hand, simply watching the former enemy consume itself might be reward enough.

    13th March 2011 at 1:12 am

  7. ecliptix2 says:

    Hi. I’m ecliptix. I am quickly developing a reputation as a nutjob. RE is my hero. I sometimes make sense but not often. I can hardly wait for Colma to kick my ass some more.

    13th March 2011 at 1:17 am

  8. ecliptix543 says:

    Is that a fact?

    13th March 2011 at 1:32 am

  9. Iowan says:

    RE – Have you ever read Immanuel Velikovsky? I can’t imagine that you haven’t, but if you haven’t he’d be right up your alley.

    The whole Venus as the spawn of Jupiter idea from Velikovsky is really interesting when compared with human myths. Unfortunately his hypothesis is incredibly hard to test, considering the local conditions on Venus and that we’d have to return some material from the surface of Venus to Earth to really test hypotheses on its origin.

    The big issue here is the near term support of all the unfortunate souls that have been affected. They will need food and shelter… and that doesn’t even begin to address the long term term issues in how they support themselves economically.

    13th March 2011 at 1:32 am

  10. Colma Rising says:

    It’s 2 am and bars close in cali… here”s a little ditty:

    http://www.youtube.com/watch?v=E8vmaj75xzE

    That’s for re and eclapdix. Hope you watched the whole video. You are never safe from mother nature.

    So goes California, so goes the US. I think CIIGS soundsd better than PIIGS.

    Did I mention that I hope you podunks watched that link?

    Wishing you a peacefull and serene life from Colma

    13th March 2011 at 6:13 am

  11. Administrator says:

    RE

    Not true about Chris Martenson. It is Matt Sanovil from After the Crash.

    13th March 2011 at 6:16 am

  12. colma risnig says:

    Holy shit… Admin’s awake… I’m posting after bars closed Saturday night.

    I hope you hit the treaddmil… I hope you start doing pushups, even if off a wall. It doesn’t take long before you’re doing pushups’ chin-ups,… or burpees! It doesn’t take long at all.

    13th March 2011 at 6:27 am

  13. Administrator says:

    Colma

    You need to keep an eye out for the nuclear fallout floating across the Pacific now. Meltdown is underway.

    13th March 2011 at 6:35 am

  14. Administrator says:

    Colma

    You need to come to Wildwood NJ. The bars are open until 4:00 am

    13th March 2011 at 6:36 am

  15. Colma Rising says:

    I’ve been thinking about my deep morning breath tomorrow… of all the newsflashes I see, none discuss where that aerosalized (did I spell that right) particles are forecasted to hit.

    Just to say: Glad I’m not in Alaska in that regard.

    Bar talk was of doom. I had a lot to do with that.

    Hit yur treadmil dammit it ain’t so bad.

    13th March 2011 at 6:46 am

  16. Administrator says:

    Colma

    I’d have to take all the cloths I’ve got hanging from it in my bedroom off of it. I’m getting hungry for some bacon and eggs.

    13th March 2011 at 6:50 am

  17. Colma Rising says:

    If you remove the clothing, hook that shit (treadmil) up, go for a “run” and THEN mow down on some bacon and eggs, then no harm no foul. That’s how it goes. Morning exercise, hearty and yummy meals (bacon n eggs bich), filling lunches and MEAGER DINNERS will put you in the game quick. Oh yeah, don’t eat ANYTHING past 7 pm either.

    Go to sleep “hungry”

    You live in phillie. Aspire to the Rocky run. I know yur Irish but you can do it, no problemo.

    13th March 2011 at 6:59 am

  18. Administrator says:

    RE

    Wouldn’t it be ironic if the fallout from the nuclear plant meltdown blew over Wasalla and settled on your log McMansion resulting in a painful horrifying death for the person that hates nuclear power more than he hates Illuminate?

    13th March 2011 at 7:16 am

  19. colma rising says:

    RE: no man escapes.

    Good night it’s pass out time

    13th March 2011 at 7:20 am

  20. Yojimbo says:

    Are Japanese allowed to own guns?

    Will there be any looting?

    It will be interesting to see how they will act in times of disaster in a monocultural, monoracial nation.

    13th March 2011 at 7:58 am

  21. Novista says:

    All I remember of Velikovsky is that he postulated that Venus had a hydrocarbon atmosphere and the serious scientists said he was bonkers.

    There were some fun SF stories around that time, humid earthlike atmosphere, warm, dinosaurs, wow. What’s not to like? Then there was Mariner 2, etc.

    13th March 2011 at 8:47 am

  22. flash says:

    Speaking of ring of fire…
    Herrreeeeeeeee’s Johnny

    http://www.youtube.com/watch?v=gRlj5vjp3Ko

    And worth a mention , this is one event no one on earth would want to witness up close and personal..
    I’m sure giant and sucking could be used in any narraitve descriptive of the current condition of the ground in Japanese.

    japan-whirlpool.jpg

    13th March 2011 at 11:06 am

  23. flash says:

    Hedz up.
    ANON just ratcheted the game up a notch…calling for the Bernancke’s resignation or else …

    Anarchy bitchez!
    anarchy-no-government-like-no-government.png

    A99 Operation Empire State Rebellion – Communication #1

    http://www.youtube.com/watch?v=7D6neBzTnOQ

    tumblr_lgf1q1fBd61qa0uujo1_500.jpg

    13th March 2011 at 11:18 am

  24. Reverse Engineer says:

    @admin
    no worries. I have my ACME radiation suit and gas mask in my preps

    RE

    13th March 2011 at 3:43 pm

  25. Reverse Engineer says:

    velikovsky is tin foil nonsense. I don’t subscribe to any tin foil theories.

    RE

    13th March 2011 at 4:39 pm

  26. Persnickety says:

    “I don’t subscribe to any tin foil theories.”

    Smart man. Only gold or platinum foil can stop the mind-control waves that the illuminati are beaming out. Greater awareness of this is why PM prices have soared in recent years.

    13th March 2011 at 4:43 pm

  27. Colma Rising says:

    My suggestion is a hat made from coors light cans… frost brew liner.

    13th March 2011 at 4:56 pm

  28. StuckInNJ says:

    So … you’re predicting 200,000 deaths … and that’s not including “firestorms”?

    OK.

    When yet another of your “black swan” predictions turns out to be Totally Full of Shit, will you have the nads to say, “Hey folks. I’m RE and I’m Totally Full of Shit!”? Sort of like a Bullshit Anonymous thingee.

    Your geological overview is also lacking. Are you a geologist or did you just google “geological mega disasters” and then copy and paste miscellaneous shit? It sure seems like it. You’re a truck driver / teacher / moose fucker … right?

    You’re writing is getting old …. because it’s SO DAMN PREDICTABLE. Same shit, different disaster. You need to branch out. Maybe something that deals with Reality, that would be a good start.

    13th March 2011 at 5:03 pm

  29. Reverse Engineer says:

    moose antlers are proven anti-illuminati headgear.

    RE

    13th March 2011 at 5:07 pm

  30. Reverse Engineer says:

    @stuck

    take a chill pill dude.

    elvis has left the containment building :-)

    RE

    13th March 2011 at 5:14 pm

  31. Reverse Engineer says:

    here ya go stuck. start tallying. up an order of magnite from yesterday

    RE

    News
    [ Yahoo! ]
    Top Stories (Back)
    10K dead in Japan amid fears of nuclear meltdowns
    AP Sun Mar 13th, 2011 4:05 PM EDT
    SENDAI, Japan – The estimated death toll from Japan’s disasters climbed past 10,000 Sunday as authorities raced to combat the threat of multiple nuclear reactor meltdowns and hundreds of thousands of people struggled to find food and water. The prime minister said it was the nation’s worst crisis since World War II.

    Nuclear plant operators worked frantically to try to keep temperatures down in several reactors crippled by the earthquake and tsunami, wrecking at least two by dumping sea water into them in last-ditch efforts to avoid meltdowns. Officials warned of a second explosion but said it would not pose a health threat.

    Near-freezing temperatures compounded the misery of survivors along hundreds of miles (kilometers) of the northeastern coast battered by the tsunami that smashed inland with breathtaking fury. Rescuers pulled bodies from mud-covered jumbles of wrecked houses, shattered tree trunks, twisted cars and tangled power lines while survivors examined the ruined remains.

    One rare bit of good news was the rescue of a 60-year-old man swept away by the tsunami who clung to the roof of his house for two days until a military vessel spotted him waving a red cloth about 10 miles (15 kilometers) offshore.

    The death toll surged because of a report from Miyagi, one of the three hardest hit states. The police chief told disaster relief officials more than 10,000 people were killed, police spokesman Go Sugawara told The Associated Press. That was an estimate — only 400 people have been confirmed dead in Miyagi, which has a population of 2.3 million.

    According to officials, more than 1,800 people were confirmed dead — including 200 people whose bodies were found Sunday along the coast — and more than 1,400 were missing in Friday’s disasters. Another 1,900 were injured.

    For Japan, one of the world’s leading economies with ultramodern infrastructure, the disasters plunged ordinary life into nearly unimaginable deprivation.

    Hundreds of thousands of hungry survivors huddled in darkened emergency centers that were cut off from rescuers, aid and electricity. At least 1.4 million households had gone without water since the quake struck and some 1.9 million households were without electricity.

    While the government doubled the number of soldiers deployed in the aid effort to 100,000 and sent 120,000 blankets, 120,000 bottles of water and 29,000 gallons (110,000 liters) of gasoline plus food to the affected areas, Prime Minister Naoto Kan said electricity would take days to restore. In the meantime, he said, electricity would be rationed with rolling blackouts to several cities, including Tokyo.

    “This is Japan’s most severe crisis since the war ended 65 years ago,” Kan told reporters, adding that Japan’s future would be decided by its response.

    In Rikuzentakata, a port city of over 20,000 virtually wiped out by the tsunami, Etsuko Koyama escaped the water rushing through the third floor of her home but lost her grip on her daughter’s hand and has not found her.

    “I haven’t given up hope yet,” Koyama told public broadcaster NHK, wiping tears from her eyes. “I saved myself, but I couldn’t save my daughter.”

    A young man described what ran through his mind before he escaped in a separate rescue. “I thought to myself, ah, this is how I will die,” Tatsuro Ishikawa, his face bruised and cut, told NHK as he sat in striped hospital pajamas.

    Japanese officials raised their estimate Sunday of the quake’s magnitude to 9.0, a notch above the U.S. Geological Survey’s reading of 8.9. Either way, it was the strongest quake ever recorded in Japan, which lies on a seismically active arc. A volcano on the southern island of Kyushu — hundreds of miles (kilometers) from the quake’ epicenter — also resumed spewing ash and rock Sunday after a couple of quiet weeks, Japan’s weather agency said.

    Dozens of countries have offered assistance. Two U.S. aircraft carrier groups were off Japan’s coast and ready to help. Helicopters were flying from one of the carriers, the USS Ronald Reagan, delivering food and water in Miyagi.

    Two other U.S. rescue teams of 72 personnel each and rescue dogs arrived Sunday, as did a five-dog team from Singapore.

    Still, large areas of the countryside remained surrounded by water and unreachable. Fuel stations were closed, though at some, cars waited in lines hundreds of vehicles long.

    The United States and a several countries in Europe urged their citizens to avoid travel to Japan. France took the added step of suggesting people leave Tokyo in case radiation reached the city.

    Community after community traced the vast extent of the devastation.

    In the town of Minamisanrikucho, 10,000 people — nearly two-thirds of the population — have not been heard from since the tsunami wiped it out, a government spokesman said. NHK showed only a couple concrete structures still standing, and the bottom three floors of those buildings gutted. One of the few standing was a hospital, and a worker told NHK that hospital staff rescued about a third of the patients.

    In the hard-hit port city of Sendai, firefighters with wooden picks dug through a devastated neighborhood. One of them yelled: “A corpse.” Inside a house, he had found the body of a gray-haired woman under a blanket.

    A few minutes later, the firefighters spotted another — that of a man in black fleece jacket and pants, crumpled in a partial fetal position at the bottom of a wooden stairwell. From outside, while the top of the house seemed almost untouched, the first floor where the body was had been inundated. A minivan lay embedded in one outer wall, which had been ripped away, pulverized beside a mangled bicycle.

    The man’s neighbor, 24-year-old Ayumi Osuga, dug through the remains of her own house, her white mittens covered by dark mud.

    Osuga said she had been practicing origami, the Japanese art of folding paper into figures, with her three children when the quake stuck. She recalled her husband’s shouted warning from outside: “‘GET OUT OF THERE NOW!’”

    She gathered her children — aged 2 to 6 — and fled in her car to higher ground with her husband. They spent the night in a hilltop home belonging to her husband’s family about 12 miles (20 kilometers) away.

    “My family, my children. We are lucky to be alive,” she said.

    “I have come to realize what is important in life,” Osuga said, nervously flicking ashes from a cigarette onto the rubble at her feet as a giant column of black smoke billowed in the distance.

    As night fell and temperatures dropped to freezing in Sendai, people who had slept in underpasses or offices the past two nights gathered for warmth in community centers, schools and City Hall.

    At a large refinery on the outskirts of the city, 100-foot (30-meter) -high bright orange flames rose in the air, spitting out dark plumes of smoke. The facility has been burning since Friday. The fire’s roar could be heard from afar. Smoke burned the eyes and throat, and a gaseous stench hung in the air.

    In the small town of Tagajo, also near Sendai, dazed residents roamed streets cluttered with smashed cars, broken homes and twisted metal.

    Residents said the water surged in and quickly rose higher than the first floor of buildings. At Sengen General Hospital, the staff worked feverishly to haul bedridden patients up the stairs one at a time. With the halls now dark, those who can leave have gone to the local community center.

    “There is still no water or power, and we’ve got some very sick people in here,” said hospital official Ikuro Matsumoto.

    Police cars drove slowly through the town and warned residents through loudspeakers to seek higher ground, but most simply stood by and watched them pass.

    In the town of Iwaki, there was no electricity, stores were closed and residents left as food and fuel supplies dwindled. Local police took in about 90 people and gave them blankets and rice balls, but there was no sign of government or military aid trucks.

    __

    Todd Pitman reported from Sendai. Associated Press writers Eric Talmadge and Kelly Olsen in Koriyama and Malcolm J. Foster, Mari Yamaguchi, Tomoko A. Hosaka and Shino Yuasa in Tokyo contributed to this report.

    13th March 2011 at 5:39 pm

  32. StuckInNJ says:

    Hey .. YOU might be right. BOTTOM LINE: NO BODY REALLY HAS A CLUE AT THIS POINT IN TIME. It’s too soon to know. It’s ALL guesswork.

    But I think you’re quite wrong about the firestorms. You’re such a total doomer all the time. You really do need to branch out because really, your articles are all sounding alike.

    Anyway, I’m outta here. Not much interesting discussion today. Maybe by tomorrow Smokey and Colma will quit talking about their cocks. Jeezus. This place needs to be fumigated.

    13th March 2011 at 6:15 pm

  33. Reverse Engineer says:

    @stuck
    as winston churchill said, if you have an important point to make, “hit it once. then hit it again. then hit it a third time, a tremendous whack.”

    far as smokey goes, just ignore all those penis posts.

    as for me, doom is my hobby. I blogged katrina and pegged it way before the msm. this one is bigger than katrina. I will blog it as I see fit. live with it.

    RE

    13th March 2011 at 6:31 pm

  34. Reverse Engineer says:

    can the nips print yen as fast as helicopter ben prints dollars?
    RE
    View classic version | View full site

    International News
    Japan central bank injects funds as stocks plunge
    Page 1 of 2
    Story posted 2011.03.13 at 08:20 PM CDT
    By YURI KAGEYAMA
    AP Business Writer
    TOKYO (AP) – Japan’s central bank injected a record 7 trillion yen ($85.5 billion) into money markets and the Tokyo stock market nosedived Monday on the first business day since an earthquake and tsunami devastated the country’s northeast and raised dire worries about the economy.
    The benchmark Nikkei 225 stock average fell 487 points, or 4.8 percent, to 9,767.18. Worries about the economic impact of the disaster triggered a broad sell-off that hit all sectors.
    The Bank of Japan moved quickly to try to keep financial markets stable. By flooding the banking system with cash, it hopes banks will continue lending money and meet the likely surge in demand for post-earthquake funds.
    Immediately after the earthquake, the central bank pledged to “do its utmost,” including providing liquidity. A one-day policy meeting was scheduled for later Monday.
    Preliminary estimates put repair costs from the earthquake and tsunami in the tens of billions of dollars – a huge blow for an economy that lost its place as the world’s No. 2 to China last year, and was already in a fragile state.
    Japan’s economy has been ailing for 20 years, barely managing to eke out weak growth between slowdowns, saddled by a massive public debt that, at 200 percent of gross domestic product, is the biggest among industrialized nations.
    “In the short term, the market will almost surely suffer and stocks will plunge. People might see an already weakened Japan, overshadowed by a growing China, getting dealt the finishing blow from this quake,” said Koetsu Aizawa, economics professor at Saitama University.
    The nation’s big-three automakers, meanwhile, said they would halt all production in Japan due to widespread damage to both suppliers and transport networks in the region.
    The Bank of Japan pledged to pump more money into financial markets when it holds a policy board meeting Monday. There is not much left for the central bank to do regarding interest rates, which are already close to zero.
    Tens of billions of dollars are expected to be needed to rebuild homes, roads and other infrastructure – requiring public spending that will add to the national debt.
    “The impact on Japan’s economy will be devastating,” said Sheila Smith, senior fellow for Japan Studies at the Council on Foreign Relations, a New York-based think tank. “The long-term economic blow to a country already struggling to lower its budget deficit … will be significant.”
    Noting the 1995 earthquake in Kobe cost $132 billion and was the world’s most expensive natural disaster, she said it was too early to say whether the losses from Friday’s disaster would be on that massive a scale.
    Four nuclear plants were damaged in the temblors, causing widespread power outages. In a frantic effort to prevent meltdowns, nuclear plant operators ruined at least two reactors by pumping sea water into them.
    In an unprecedented move for tech-savvy Japan in recent decades, Tokyo Electric Power Co. rolled out blackouts of three hours per day to parts of suburban Tokyo and other cities, starting Monday.
    And Tokyo trains, which usually run like clockwork but stopped for nearly the entire day after the quake, will be on a reduced schedule starting Monday, to conserve electricity.
    “It looks like we are going to be running on reduced electricity for a long time. That is a definite risk to industrial production,” said Carl Weinberg, chief economist at New York-based researcher High Frequency Economics.
    “For Japan, a nation that lives by the sea, food comes in by the sea, energy comes in by the sea, exports go out by the sea. Everything stops if a quarter of the coastline has been wiped out,” said Weinberg who teaches at New York University.
    Profits at both Tokyo Electric and Tohoku Power utility are likely to plummet because of recovery costs for the nuclear power plants damaged by the quake, according to Shigeki Matsumoto, analyst at Nomura Securities Co.
    Toyota Motor Corp., the world’s top automaker, as well as Nissan Motor

    13th March 2011 at 9:47 pm

  35. Reverse Engineer says:

    Asian Stocks, U.S. Futures Drop on Japan Quake; Gold, Yen Gain

    Read Full Article
    Updated: 03/13/2011
    The Nikkei 225 Stock Average tumbled the most since 2008, leading declines in Asian stocks, and U.S. equity index futures fell after Japanâ??s biggest earthquake on recopyright 2010, by Bloomberg L.P. All rights reserved.
    Powered by Crisp Wireless, Inc.

    13th March 2011 at 10:41 pm

  36. Reverse Engineer says:

    Orange Flash? Containment Buiding Destroyed? Ruh Oh.

    RE

    ——————
    Nuclear scare grows with an orange flash and a violent blastHealth concerns as hydrogen explosion at Fukushima 1 nuclear power station injures 11 and destroys containment building
    Fukushima-nuclear-power-p-001.jpg

    Share219 Ian Sample, science correspondent The Guardian, Tuesday 15 March 2011 Article history Aerial view following the second explosion at the Fukushima nuclear plant. Emergency cooling of the reactors has been beset by difficulties. Photograph: AFP/Getty Images

    Japanese engineers fought to save three reactors from meltdown at the stricken Fukushima 1 power station as they battled another explosion and a series of frustrating setbacks that saw workers yesterday struggle to pump seawater into the reactors in a desperate attempt to cool the overheating nuclear cores and make them safe.

    The day began with a fresh explosion which damaged the roof above its overheating reactor 2 on Tuesday and left steam rising from the complex, Jiji news agency said. Early reports suggested that there might have been some damage to the containment vessel after pressure dropped, but there was no immediate word of any damage to the reactor itself, the country’s nuclear safety agency said.

    The latest explosion came after a violent blast that destroyed most of the containment building around reactor 3 on Monday, causing debris to fall back inside and on to the structure housing the reactor. The blast was caused by a build up of hydrogen that was produced when superheated steam in the core reacted with zirconium alloy cladding that surrounds the reactor’s fuel rods.

    Tepco, the company that operates the power station, said 11 people were injured in the accident, one seriously. A similar explosion blew the top off the reactor 1 building on Saturday morning.

    Despite earlier assertions from Tepco that the steel containment vessels surrounding the reactors were undamaged in either of the two earlier explosions, Naoki Kumagai, an official at Japan’s Nuclear and Industrial Safety Agency (Nisa), said: “It’s impossible to say whether there has or has not been damage.”

    At one point on Sunday emergency cooling at two reactors was suspended because the pools of seawater being pumped in ran dry. Later in the day, a backup pump to a third reactor ran out of fuel, causing water levels to fall so low that the fuel rods were fully exposed.

    Officials at Tepco said it believed all three nuclear reactors are likely to have suffered partial meltdowns, though this could mean just one fuel rod or nearly all of them melting within the cores. The reactors are at risk of going into meltdown because although they had shut down, the fuel rods continue to give off heat. Primary and backup power to the cooling systems was knocked out during the massive earthquake and tsunami that struck on Friday.

    Ryohei Shiomi, a Nisa official, said reactors 1 and 3 appeared stable for the time being, but that reactor 2, where fuel rods were most exposed, was still a concern.

    Water has to cover completely the radioactive fuel rods in the nuclear cores to prevent overheating, but on Monday afternoon water levels dropped substantially in all three reactors, and at one point fully exposed the fuel rods in reactor 2. A spokesman for Tepco said it could not rule out a meltdown at the reactor.

    Speaking about the situation at reactor 2, chief cabinet secretary, Yukio Edano, said: “The pump ran out of fuel, and the process of inserting water took longer than expected, so the fuel rods were exposed from the water for a while.”

    The decision to pump salty, untreated seawater into the reactors – along with boric acid to dampen down radioactivity – is a vastly expensive last resort that effectively writes-off the nuclear reactors for good. The plants are usually cooled by highly-purified de-ionised water that does not damage delicate components inside. The risk of total meltdown at the plant will fall dramatically over the next few days if engineers can continue to flood the reactors with seawater. The fuel rods will already have lost around 90% of their heat and without further setbacks, the reactors could be cold and rendered safe within a week to 10 days.

    But engineers at the power plant face a delicate balancing act because sea water being pumped into the reactors is boiling immediately into steam, which raises the pressure inside them. This has to be vented off before more water can be pumped in, but doing so releases small amounts of radioactive material into the air.

    Nisa has already confirmed that caesium-137 and iodine-131 have been released into the atmosphere. These radioactive substances are produced in the core and can contaminate cooling water if fuel rods get hot enough to melt the cladding that surrounds them.

    The release of radioactivity has raised health concerns and wider fears of environmental contamination. Monitoring posts to the north-west of the power station recorded radiation levels at 680 microSieverts per hour on Monday, a dose roughly equivalent to four months of natural background radiation. An American warship, the USS Ronald Reagan, detected low levels of radiation at a distance of 100 miles from the Fukushima plant.

    Radiation levels have increased in the vicinity of the power station and nearby areas. Those caught in the evacuation zone around Fukushima were given potassium iodide pills to protect against thyroid cancer. Radioactive iodine is easily absorbed by the thyroid, where it can cause tumours, but the pills saturate the gland and obstruct the radioactive form’s absorption. Edano said the release of large amounts of radiation was unlikely.

    Under normal conditions, the nuclear reactors produce electricity by using heat from fission reactions in the fuel rods to turn water into steam and drive turbines. Reactors 1 and 2 operate with uranium fuel rods, but reactor 3 uses a mixed oxide fuel, or Mox, which contains plutonium, a highly toxic substance that if released, can linger in the environment for thousands of years. The half life of plutonium is 24,000 years, meaning it takes that long for its radioactivity to drop by half.

    Nuclear experts emphasised there are significant differences between the unfolding nuclear crisis at Fukushima and the events leading up to the Chernobyl disaster in 1986. The Chernobyl reactor exploded during a power surge while it was in operation and released a major cloud of radiation because the reactor had no containment structure around it.

    At Fukushima, each reactor has shut down and is inside a 20cm-thick steel pressure vessel that is designed to contain a meltdown. The pressure vessels themselves are surrounded by steel-lined, reinforced concrete shells.

    “While the material is enclosed in the reactor vessel it is safe, in that it is the same radioactivity that was there in the fuel rods. The issue would come if there is a continued problem to cool down the fuel rods,” said Paddy Regan, a nuclear physicist at Surrey University.

    He said the worst case scenario would be “that some of the fission fragments and fuel could be widely dispersed if the vessel was to explode. This seems unlikely at present, so the next worst would likely be ongoing venting of the steam which has built up in the reactors.”

    Yukiya Amano, director general of the International Atomic Energy Agency (IAEA), said it was “unlikely that the accident would develop” like Chernobyl. “The Japanese authorities are working as hard as they can, under extremely difficult circumstances, to stabilise the nuclear power plants and ensure safety.”

    14th March 2011 at 10:09 pm

  37. Reverse Engineer says:

    So how long do you think it will take to Evacuate Tokyo? How long to Evacuate Japan? Who do you think will volunteer to take in 127.560,000 Japanese Refugees? Well, less some now.

    RE

    14th March 2011 at 11:42 pm

  38. Reverse Engineer says:

    I wonder how Jim Roger’s portfolio is doing?

    RE

    14th March 2011 at 11:50 pm

  39. Reverse Engineer says:

    If you were thinking of buying that new Plasma TV or Leaf, this would be a good time. Sayonara on the Electronic and Auto Supply Chains

    RE

    ———
    Japan quake likely to affect business globally
    The disaster could lead to a long-term disruption in the world’s supply of automobiles, consumer electronics and machine tools.

    March 15, 2011
    With the scale of the disaster in Japan still being measured, concerns are growing that last week’s earthquake and tsunami could lead to a long-term disruption in the world’s supply of automobiles, consumer electronics and machine tools.

    Japan is the world’s third-largest economy and a huge exporter of cars, electronic components and industrial equipment as well as steel, textiles and processed foods. In turn, it’s a voracious consumer of petroleum, imported agricultural products and luxury consumer goods.

    Since the earthquake struck last Friday, many of the nation’s largest manufacturers, including automaker Toyota Motor Corp. and electronics maker Toshiba Corp., have been forced to slow or shut down production as they deal with supply chain interruptions, energy shortages and transportation problems.

    And while many of those idled plants are expected to come back online soon, questions loom about the lasting effect on the Japanese economy as the country struggles to rebuild. The reconstruction costs could well surpass $100 billion, according to some estimates.

    Already burdened with persistent deflation, shrinking foreign investment and massive borrowing, Japan’s economy now faces what could be far darker clouds as it struggles to take measure of the destruction in its northeastern coast. Almost certainly, Japan will be forced to borrow more money, which could drive up the value of the yen, making it harder to export products.

    Japan “is starting from a lousy fiscal position,” said Marcus Noland, senior fellow at the Peterson Institute and an expert on Asian economics.

    “If this can be contained, the economic implications may not be long term,” Noland said. He compared the situation to the 1995 quake in Kobe, Japan, which struck a far more industrialized zone but carried less of a risk of nationwide disruption because utilities were relatively unaffected. “If not, then it could have implications not only for Japan, but for the global economy.”

    Energy

    The pace of recovery may hinge on the country’s energy supply. Japan’s manufacturing is electricity-intensive, and the country gets about 30% of its power from nuclear plants, although it also relies on fossil fuels.

    Because of the disaster, about a fifth of the nation’s nuclear plants are off-line. New data from Platts, an energy information company, on Monday indicates that 31% of Japan’s refining capacity has been reduced or shut down. Utilities are enforcing rolling blackouts to deal with the supply problem, at least temporarily.

    Noland said that if there was a permanent reduction in national capacity, the economic effect could be severe. “It all comes down to the electrical grid,” he said.

    Autos

    Toyota, the world’s largest automaker and Japan’s biggest company, has halted all production in Japan, including its hybrid Prius vehicle, through Wednesday, representing 45% of its worldwide supply. Automakers Nissan, Mitsubishi, Mazda, Subaru and Suzuki have also temporarily shut down their plants to help conserve electricity.

    Honda Motor Co., Japan’s fourth-largest company, has shuttered several of its plants, including one in Suzuka, where it produces many of its hybrid vehicles, a painful product to lose as worldwide gasoline prices soar and demand for fuel-efficient vehicles rises. Also, two Toyota plants in the disaster-struck Sendai region produce some of the automaker’s more fuel-efficient offerings, including the Yaris subcompact.

    Nissan Motor Co. said it lost almost 2,300 vehicles awaiting shipment at an eastern port that were destroyed by the tsunami.

    Shares in the Japanese auto sector traded down heavily Monday, with Toyota falling 8% and Nissan down nearly 10% in trading on the Tokyo Stock Exchange.

    Although those production setbacks might seem like an opportunity for ambitious foreign competitors such as South Korea’s Hyundai, Germany’s Volkswagen and a resurgent Ford Motor Co., Rebecca Lindland of IHS Global Insight notes that most Japanese automakers today produce vehicles in the countries where they sell them. According to Honda, for example, 80% of the vehicles it sells in the U.S. are built here.

    Moreover, Lindland said, disruptions at Japan’s automotive suppliers could hurt brands from all over the world. That’s because carmakers depend on complex global supply chains, and even Chevrolets built in Michigan use Japanese components.

    “Nobody works in isolation these days,” Lindland said. “All it takes is one missing part. If you’re missing something as simple as the cup holder, you aren’t selling that car.”

    Technology

    Japan’s largest technology firms have shut down dozens of factories that produce an array of microchips and consumer electronics products, including computers, cameras and popular smart phones.

    Officials at Toshiba, Canon Inc., Fujitsu Ltd., Panasonic Corp. and Sony Corp. confirmed many plant closures in several prefectures of the hard-hit Tokohu region, citing injuries to employees, damage to facilities and the need to conserve electrical power as requested by the Japanese government.

    “It’s a very dire situation right now,” Fujitsu spokesman Scott Ikeda said.

    Toshiba shares fell 17% on Monday on the Tokyo exchange, while Fujitsu slumped more than 6%.

    Among the sectors most affected is the $18-billion market for so-called NAND chips — the small data-storage units that fit into smart phones and tablet computers and allow users to store video, music and photos. Japan, and specifically Toshiba, account for about 35% of the world’s production of NAND chips, according to research firm IHS iSuppli.

    The chips can be found inside hot consumer devices such as the recent iPad 2 tablet, as well as Apple Inc.’s iPhone and Motorola Inc.’s Droid X smart phone.

    “The major impact on Japan’s semiconductor production is not likely to be direct damage to production facilities, but disruption to the supply chain,” iSuppli analyst Dale Ford said in a note to investors Monday.

    Agriculture

    Japan’s disaster-struck northern region, though relatively undeveloped in terms of industrial production, is one of the nation’s leading areas for rice production, and Japan as a whole is one of the world’s largest importers of corn and wheat.

    Speculation that demand for imported grains would rise in Japan drove up corn, wheat and soybean futures in the U.S.

    California Department of Food and Agriculture Secretary Karen Ross said Japan was a key export market for farmers in the state, particularly for specialty crops such as blueberries, cherries and pomegranates. She warned a gathering of grape and fruit growers Monday that the state’s farmers probably would see a “disruptive” effect on their business.

    There seemed to be a small silver lining in the disaster’s aftermath. Oil prices fell slightly over the weekend after a long run-up in the face of unrest in the Middle East.

    But concerns grew that the disaster in Japan could drive up fuel prices in the long term, in turn cooling a boom in domestic farm exports.

    Stock markets

    Stocks fell sharply Monday in Japan, where the Nikkei index slumped 6.2%, compared with only moderate losses in most of the rest of the world.

    The Dow Jones industrial average slid almost 150 points early on, but recovered late in the day to close down 51.24 points, or 0.4%, at 11,993.16. Stocks fell 0.9% in Britain, 1.3% in France and 1.7% in Germany. Stocks in Hong Kong rose 0.4%.

    Among U.S. companies, luxury goods makers, insurers and utilities tied to the nuclear energy industry were among the losers.

    Companies specializing in other forms of energy, such as coal to solar power, were big winners as investors bet that they could gain from a potential backlash against nuclear energy because of the unfolding disaster at the Fukushima reactor.

    Insurance stocks fell as investors worried the industry could be on the hook for big payouts.

    AIR Worldwide, a disaster research firm, estimated that initial insured property and casualty losses could reach as much as $35 billion. Other analysts put the number at nearly twice that level. Aflac Inc. and Genworth Financial Inc. each fell 3%.

    “It will take some time before we have any inkling of how much this will cost,” said Sam Stovall, chief investment strategist at Standard & Poor’s Corp. “Right now investors are fearing the worst and acting accordingly.”

    14th March 2011 at 11:55 pm

  40. Reverse Engineer says:

    “”Please do not go outside. Please stay indoors. Please close windows and make your homes airtight. Don’t turn on ventilators. Please hang on your laundry indoors,” he said.”

    AIRTIGHT houses? You are kidding right? Not even the Japanes build houses that are “airtight”. If they are airtight, they’ll suffocate instead of radiation poisoning.

    How long are they going to stay indoors here? What if they don’t HAVE indoors anymore because their house is rubble?

    RE

    15th March 2011 at 12:08 am

  41. Reverse Engineer says:

    Over 25 dead in northeastern Myanmar quake

    English.news.cn 2011-03-25 11:05:29 FeedbackPrintRSS

    TARLAY, Myanmar, March 25 (Xinhua) — Over 25 people were killed in a magnitude-7 earthquake in northeastern Myanmar, with more damage reported on Friday.

    Following the deadly quake on Thursday night, six after-shocks have been reported in Myanmar’s northeastern Shan state, including Tachileik, Kengtung and Tarlay areas, until Friday morning, said local residents.

    Some houses in villages around Tachileik were damaged in the earthquake which had killed two people and injured six others in the area, official report confirmed Friday.

    So far, life in Tachileik and Kengtung are normal Friday morning with no stop of electricity and water supply despite some damage of residential houses.

    In Tarlay, 32 kilometers from Tachileik, some 15 houses collapsed but causalities were unknown.

    In Mongyoung area, motorcycles running on road collided with each other at the moment when the quake occurred Thursday night, causing some car accidents.

    Local red-cross has started relief operation since Friday morning.

    The earthquake struck Loimwe, 56 kilometers southeast of Kengtung, Myanmar’s Shan state. The epicenter, 10 km deep, was initially determined at 20.70 degrees north latitude and 99.94 degrees east longitude.

    25th March 2011 at 12:11 am

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