Property taxes continue to skyrocket

From New Jersey Newsroom:

12 N.J. towns look to override Christie’s property tax cap

Your property taxes were even worse than you thought last year. New Jersey’s taxpayers paid out nearly $1 billion more on their bills in 2010.

The old 4 percent tax hikes raised the average property tax bill in the state by $295 to $7,576.

According to NorthJersey.com, in North Jersey, property tax bills went up on average even more in 2010; to $10,057 in Bergen County, and $8,459 in Passaic County.

The Asbury Park Press reports it is the largest increase since 2007, when taxes spiked 7.3 percent.

The state’s 566 municipal governments saw the sharpest tax increase at 7.1 percent – the same towns that are now facing a 2 percent cap on their taxes this year. School taxes rose 3.3 percent and county taxes rose 1.5 percent last year.

New Jersey Governor Chris Christie last year signed a measure capping growth in the taxes as of Jan. 1 at 2 percent unless local governments ask voters for permission for a bigger increase. The law also exempted higher levies to cover bond payments, increased health-insurance or pension costs and natural disasters.

Already at least 12 New Jersey communities want to exceed his 2 percent cap, reported Bloomberg.com, less than three months after it took effect.

The communities placed advertisements in newspapers alerting voters to referendums in April, Bill Dressel, executive director of the New Jersey League of Municipalities said yesterday in an e-mail. Towns readying for the referendums included Brick and Edgewater Park, he said.

Towns scheduled to hold referendums, according to the League of Municipalities are Brick, Edgewater Park, Florence, Hardwick, Hope Township, Lambertville, Plumsted, Mansfield, Maurice River, Mount Holly, Mount Laurel, and Northvale.

This entry was posted in New Jersey Real Estate, Property Taxes. Bookmark the permalink.

201 Responses to Property taxes continue to skyrocket

  1. grim says:

    From HousingWire:

    Obama administration begins work on new ‘funding stream’ for affordable rental housing

    The Obama administration will begin work with Congress to develop a new “financing mechanism” to support rental and affordable housing, Department of Housing and Urban Development Secretary Shaun Donovan said Tuesday.

    Testifying before the Senate Banking Committee, Donovan and Treasury Secretary Timothy Geithner reiterated to lawmakers the importance of winding down the government’s role in the mortgage markets. Federal regulators gave three options to Washington in February for a system that could replace the government-sponsored enterprises Fannie Mae and Freddie Mac.

    But in that white paper, the government’s support of the affordable housing and rental markets would remain intact. In one option, the Federal Housing Administration could fill that void. The FHA could also be aided through this new source of cashflow, Donovan said.

    “This funding stream would support the development and preservation of more affordable rental housing for the lowest-income families to address serious supply shortages,” Donovan said. “On the ownership side, it would support down-payment assistance, counseling or other mechanisms to help qualified low- and moderate-income homebuyers, in a form that does not expose them or financial institutions to excessive risk or cost.”

  2. grim says:

    Their cause is noble, but ultimately this is a waste of their time and our money. The law is largely unenforceable and only increases the legal complexity faced by employers who want to operate in this state. Do we really need more “feel good” laws?

    From the Star Ledger:

    N.J. Legislature, agency question job ads that limit based on employment history

    A dream job in Flemington awaits some lucky candidate, sings an ad from Craigslist.

    The posting describes a restaurant management position in an “exciting, fast-paced environment” with “excellent growth opportunities.”

    The promise of a new start, however, is coupled with a caveat.

    “Must be employed.”

    Postings like this have captured the attention of the Equal Employment Opportunity Commission, as well as the New Jersey state Legislature.

    The issue revolves around whether or not the ads are discriminatory.

    “It seems to be a neutral thing to say that someone must already be fully employed before they can apply for a job,” says EEOC spokeswoman Justine Lisser. “If you look at the statistics though, you can see that this is going to affect far more minorities than white workers.”

    “It’s a good thing to make this a public issue but I don’t see how a law can be enforced,” says Van Horn. “Is the government going to have someone looking at ads every day? Companies will continue to follow the policy. They just won’t put it in the ad.”

    Van Horn predicts it could take years of litigation to prove that an employer didn’t hire a candidate simply on the basis of job status. He says, “This could be a full-employment-for-lawyers opportunity.”

  3. grim says:

    From the Star Ledger:

    Christie refuses to negotiate health care cost increase with N.J. public unions

    Representatives for Gov. Chris Christie have told the state’s largest union that the administration’s plan to sharply increase health care costs for public employees was not negotiable, union leaders said today.

    The governor’s office first took the issue of health care costs off the table last Friday when negotiations over a new contract got underway. But union officials said they were determined to have a voice in changes to their benefits.

    “It represents a pretty fundamental attack on a long-established right to bargain over health care which goes back as long as there has been unions in New Jersey,” said Bob Masters, political director for the Communication Workers of America, which represents that state’s public employees. “We are going to insist that our legal right to bargain over health care be honored by this governor as it has been by every governor.”

    Instead, a spokesman for Christie said the governor planned to stick to his plan to have state employees to pay 30 percent of their health care premiums by requiring it through having the legislature enact a law. Union members currently pay 1.5 percent of their salary for health care coverage.

  4. Mike says:

    Good Morning New Jersey

  5. Kettle1^2 says:

    Dan,

    from last night, you asked what the temperatures involved are. A melt down of any sort involves temperatures ranging from 1,000 deg C to 1,500 Deg C

  6. Kettle1^2 says:

    shore,

    Magnified Picture Of Reactors 3 And 4 Post Explosion

    http://www.zerohedge.com/article/magnified-picture-reactors-3-and-4-post-explosion

  7. bankheadbetty says:

    Very Common to see West Orange, NJ properties listed with annual property taxes of 5% of the asking price. Real estate business there is paralyzed as a consequence. NJ needs to get in the modern era and end these countless micro “townships” (like River Edge and it’s 2 square miles) and consolidate and ‘efficientize’ many of the aspects of running a region.

  8. NJCoast says:

    Made the mistake of going to Charlotte Amalie as the thundering herd were making their way back to the 6 cruise ships in port. Jewelry stores and high end shops stood empty with salespeople slumped on the counters. Only thing tourists were carting back to the ship were the 6 allowed bottles of booze and T-shirts.

  9. Kettle1^2 says:

    Shore,

    I have yet to find a photo of reactor 2 post explosion, which i find kind of concerning assuming they really havent released any photos of it

  10. Wow. Had no idea Alto was going down the tubes.

    Don’t know the owner, but chasing Michael White out of your kitchen is a really bad move.

  11. Then again, we’re all totally fcuked.

    Looks like everybody in the northern part of Japan is gonna cook like a three-minute egg.

  12. Us? We just slowly go broke, and rack up a bill our kids will never be able to pay.

    That’s OK. We may be able to default on Japan.

  13. Mikeinwaiting says:

    Buy now and get locked in on higher property taxes till you die. Regardless of what Christie does taxes will keep rising and will keep up with inflation nicely as local gov cost rise. Four more years till I can get out of here, happy renting till then.

  14. Confused In NJ says:

    12.Debt Supernova says:
    March 16, 2011 at 6:15 am
    Us? We just slowly go broke, and rack up a bill our kids will never be able to pay.

    That’s OK. We may be able to default on Japan

    Japan may have the same issue as California, as far as future viability. We may want to trade them Montana in exchange for our debt. At least they would have dry land with no Nukes.

  15. Confused In NJ says:

    13.Mikeinwaiting says:
    March 16, 2011 at 6:48 am
    Buy now and get locked in on higher property taxes till you die.

    They are changing the law to require you pay property taxes from your estate after you die, also.

  16. Note to self: ramp up expatriation efforts.

  17. 30 year realtor says:

    Today is day 2 of a writ of possession eviction on an REO in Hackensack. People have a new 300C, motorcycle, pool table and several large flat screens. Hopefully only a few hours to wrap it up today. Grandmother, parents and 2 elementary school age kids had not packed a thing and claimed they had nowhere to spend the night last night.

    Nothing like a nice diversion to help you forget the troubles of the world…

  18. gary says:

    Your property taxes were even worse than you thought last year. New Jersey’s taxpayers paid out nearly $1 billion more on their bills in 2010.

    No problem. But, if you are a public sector worker with lush benefits and pay, don’t get upset when you get a pink slip. And please don’t think your seniority or tenure is going to apply… because it won’t. Eventually, there’s gonna be a breaking point.

  19. grim says:

    6th Ave Electronics shafting GE finance for 9.6 million. They shuttered the Rt 46 store last weekend without notice.

  20. Daddy don’t drive in that Eldorado
    No more
    He don’t travel on down to the neighborhood
    Liquor store
    Lucy still loves her coke and rum
    But she sits alone
    ‘Cause her daddy can’t come
    Daddy don’t drive in that Eldorado
    No more

    Driving like a fool out to Hackensack
    Drinking his dinner from a paper sack
    He says I gotta see a joker
    And I’ll be right back

    -Steely Dan

  21. Shore Guy says:

    Kettle/Dan

    The question about melting point is not completely straightforward. One would new to consult a texy to obtain the exact numbers but here from memory:

    The zirconium cladding will state to melt a somewhere a buy north of 2000 degrees (increasing surface area and causingmore hydrogen production), uranium oxide will start to melt somewhere around 3000 degrees; however, at Fukushima, at least one if the tractors is using Mix, which I recall has a melting point between the two.

  22. Noticing that good, old clients of mine who want to sell their homes at fantasy prices these days don’t even bother to call me…they just bring in a dumb yenta from the local big-franchise office and dump the bag of poop on her.

    Would it be inapropos for me to send these folks a thank you letter for not wasting my time? Or, should I just wait and solicit them when the listings inevitably expire?

    They didn’t teach me how to deal with these situations in Weichert Fast Track training…

  23. Shore Guy says:

    Fricken android: buy is realty bit

  24. Shore Guy says:

    All together now, Fuk-u-shima.

  25. Shore Guy says:

    And Mix is MOX

  26. Shore Guy says:

    I miss palm.

  27. Shore Guy says:

    Clot,

    it seems to me that RE agents are on their way to being in the same category as travel agents, where a good one us a godsend buy most are unnecessary.

  28. Tigerblood says:

    Unless the realtor has a shirt skirt and needs to put on fresh lipstick after closing a deal I don’t see the point.

    PPT may be in at the open today, they have been calling around to trading desks.

    Also grieving taxes next week. Using new technique to win. Next door neighbor runs at home CPA business, Neighbor across street has a REIT registered at his house as he does some home flipping and other two neighbors nearby run a law office from home and a gutter business. All four advertise in yellow pages with their residential only address. Being located next or near a commercial property is ground for lower taxes. I figure win/win. I have a shot at getting taxes lowered and rat at neighbors at same time who either have to rent an office or pay more taxes. If they rent office my street is quieter, if they pay more taxes my tax rate falls. The best is my taxes get lowered and they move their business off my street. I hate being the rat. But my only grounds is being adjacent to a commerical property.

  29. shore (29)-

    Too bad that to be good, a RE agent has to be willing to tell the truth to the point where the listing/sale is lost. This is all because we would rather cheerlead for our enemies (banksters), shill for our criminal trade organization (NAR) and beg the gubmint to give handouts to people who were going to buy houses anyway.

    I am now officially revising my call: it will be 50-100 years before the RE market normalizes in Amerika.

    Of course, I’d probably give equal odds that in 50-100 years, Amerika will resemble The Road.

  30. tiger (30)-

    I don’t see why you don’t understand that you’re an incredible dick.

  31. All Hype says:

    Some more viws of the reactor destruction in Japan. Not looking good.
    http://www.youtube.com/watch?v=z_zaPlWwQBs&feature=feedu

  32. gary says:

    Debt [22],

    Wait for the seller’s carcass to start festering in the overgrown weeds previously known as a lawn; right next to the rusted, dilapidated “House For Sale” sign planted by the Yenta Bambi. Then, unleash your German Shephard and Pit Bull and let them feast on the remains.

  33. Painhrtz says:

    Nj Real estate and nuke report

    Man too bad the japs don’t have any rock ribbed kamakazees, cause that is about the only thing that is going to keep the north end of japan from melting into the deep water pacific trench. Hell, they were a population going extinct anyway with a negative birth to death ratio. Now it is just being excelerated by a few million Rems per person.

  34. Murder, Bronx-style:

    A woman whose husband injected her with cyanide and then drank a fatal dose died early Tuesday at the hospital.

    Erlendy Flores, 35, had broken up with her husband, Flavio Godoy, 41, and returned to their Bronx apartment Sunday to pack, relatives said.

    As she was bending over to pack, he jabbed the cyanide-filled syringe into her rear end. He then drank from a bottle of cyanide and dropped dead.

    Read more: http://www.nydailynews.com/news/ny_crime/2011/03/16/2011-03-16_bx_woman_dies_after_hubbys_cyanide_attack.html#ixzz1Glnn3xTS

  35. gary (35)-

    Rest assured, when the time is right, I will own flesh-eating dogs.

  36. Juice Box says:

    Almost a re-run of Chernobyl, helicopters trying to drop water onto reactor, except this time they are aborted the mission, to HOT to go in.

    http://www.ndtv.com/video/player/news/helicopter-mission-to-cool-down-reactors-aborted/193829

    I gather if it is too hot to go in there, they should just detonate a nice nuke a few miles out to sea to create another Tsunami to cool off the reactor. These guys are chicken shit compared to their grandparents.

  37. AG says:

    Listening to bloomberg spew its daily propaganda. Japan is risilient the emperor is keeping spirits high. WTF? That sh_t is going to meltdown then the coverup begins BP style.

  38. Tough to cover things up when 10mm or so are keeling over with radiation sickness.

  39. Besides, all is well in the Gulf. All that oil went “away”, and dispersant is actually a tasty additive to seafood.

  40. safe as houses says:

    My FIL is amazed at how orderly the Japanese are during this disaster. He was watching TV and the Japanese are patiently standing in lines to buy food, bottled water, and other emergency supplies.

  41. safe as houses says:

    I wouldn’t be surprised to see housing price increases in Edgewater and other areas with large Japanese populations in the US. If the nuclear situation deteriorates, I think lots of folks with dual citizenship, green cards, or the job skills to get a visa will bail out and try to recreate their lifestyle and customs overseas.

  42. ricky_nu says:

    re #43:

    conspicuously missing – looting, riots, theft, etc……

    remember the nonsens going on in New Orleans when they got flooded? New LCD TV’s for everybody!!!

  43. d2b says:

    Tiger 28-
    Never knew that living next to commercial property would lower your taxes and I highly doubt that the discount would be significant. My township would probably not lower my taxes or punish my neighbors. They would look at comps and judge my assessment on that.
    What you are proposing is a total dick move. I can’t stress to you enough the importance of having great neighbors and starting World War 3 on your street will come back to bite you in the ass. If you have a wife/husband and kids they will certainly suffer. I love the fact that my neighbors are home all day. They are watching my house and I can call them if I have a problem.

  44. freedy says:

    with all due respect Paterson has been calm in light of the floods. (are their any
    stores to loot_)

  45. Kettle1^2 says:

    latest satellite photo of all 4 reactors.

    http://www.zerohedge.com/sites/default/files/images/user5/imageroot/von%20havenstein/japan_earthquaketsu_fukushima_daiichi1_march16_2011_dg.jpg

    3 and 4 are toast. 2 seems to be surprisingly intact given the previous reports of explosions.

  46. Painhrtz says:

    Ket that really does not look promising, most nuke buildings though are so hardened I’m not surprised they are still standing. that can change in an instant, but from an engineering standpoint you have to be amazed that they are maintaing some form of integrity.

  47. Kettle1^2 says:

    Juice

    too hot? If they were serious here they would get volunteers for “biological robots” and get this thing doused ASAP. A nuke off shore to create a tsunami on spread the radiation around and create a number of very impressive steam explosions.

    Given the visible damage to 3 & 4 they probably face a good chance of full meltdown. The other question, is how in the hell do think the spent fuel pool at 3 and 4 are still intact given the visible damage?

    Reactor 2 was reported as having a containment breach but the building in mostly intact. The quake must have cracked the containment vessels. Which leads one to wonder about the condition on the containment vessels in 3 & 4 given the massive structural damage from the explosion on top of any potential damage from the quake.

    And dont forget that the smoking hulk of rubble that is reactor 4 was supposed to shutdown before the quake hit? Hoe the F did they manage to explode the reactor to that degree if it was already shut down ( not implying it wasnt, but its an interesting question)

  48. gary says:

    Higher energy costs and the steepest rise in food prices in nearly four decades drove wholesale prices up last month. Excluding those categories, inflation was tame.

    LOL! It’s only a flesh wound! Despite the fact that that 20 mile wide meteor is speeding towards earth, it should be mostly sunny and 70 degrees!

  49. Kettle1^2 says:

    Impromptu Shooters GTG at the bullet whole in belleville on friday????

  50. I was wondering if you offer any subscription to your RSS feeds as I would be very interested and can?t find any link to subscribe here.

  51. Painhrtz says:

    Ket would love too but I’m about as adept with a pistol as liberals are with tax dollars. Plus I don’t own one prefer shotgun for close range

  52. Juice Box says:

    re # 50 – Those spent fuel rods are like Trick Birthday Candles if you don’t keep them submerged and cool they keep lighting up and apparently they are all over the place now after the explosions. I don;’t even see how reactor #3 could possibly have an intact pool when there is no longer a 4th floor in what remains of that structure.

    So if I go to the doctors and get an xray, I get 0.02 mSv dose of radiation.

    If I go to Fukushima I get 1,500 mSV for one hour (not confirmed reading)

    I can see why the military is afraid to fly helicopters over it to dump water.
    Hopefully the police are dumb enough to drive in with their water cannons, since apparently the firefighters won’t go in there anymore with their fire trucks and pumpers.

  53. Kettle1^2 says:

    Juice

    why the F are they using using fire truck pumpers. They should have flown in turbine powered high pressure industrial pumps.

    They also need to offer a significant $ payout and medical package for suicide squad members and get a team in there.

    If it’s to radiologically hot to fly over, what kind of fallout plumes do you funk are being generated

  54. Shore Guy says:

    Kettle,

    Pipefitters need to be there creating a 24″ conduit, not firehoses. They are piddling on an inferno and are going bto get their gonads burned.

  55. Kettle1^2 says:

    Juice 55

    the reported ave is about 300 mSv/hr. Come on now, that’s only about 1 chest xray let hour!

  56. Kettle1^2 says:

    Pain 54

    will bring my AR….

  57. Kettle1^2 says:

    Yes, the bullet hole allows rifles

  58. i simply required on the road to show you that for a couple of intent this post doesn’t appear on the way to give good results on web assessor.

  59. Juice Box says:

    Kettle1 Heat Decay takes a long long time, and that is with proper cooling.

    No cooling??? This place could be HOT for decades.

    Date/Time (Fukushima Time) Fukushima Daiichi-1 Decay Heat (MW) Fukushima Daiichi-2 & 3 Decay Heat (MW) Percent of Full Reactor Power
    3/11/11 2:46 PM 92.0 156.8 6.60%
    3/11/11 2:47 PM 44.7 76.2 3.21%
    3/11/11 2:48 PM 36.9 62.8 2.64%
    3/11/11 2:50 PM 31.4 53.5 2.25%
    3/11/11 3:00 PM 24.1 41.0 1.73%
    3/11/11 3:30 PM 19.1 32.5 1.37%
    3/11/11 8:00 PM 12.8 21.9 0.92%
    3/12/11 8:00 AM 10.1 17.3 0.73%
    3/12/11 8:00 PM 9.1 15.5 0.65%
    3/13/11 8.5 14.5 0.61%
    3/14/11 7.8 13.2 0.56%
    3/16/11 6.9 11.8 0.50%
    3/20/11 6.1 10.5 0.44%
    4/1/11 5.2 8.8 0.37%
    7/1/11 3.7 6.3 0.26%
    10/1/11 3.3 5.6 0.23%
    3/11/12 2.9 5.0 0.21%

  60. Shore Guy says:

    Ket,

    WRT reactor 4, even when shut down the fuel rods will be generating lots if heat. If the coolant system failed, one might get dissociation of water, or hydrogen production from interaction with the zirconium.

    Then, one is off to the races. I know that you know his but, other readers might not understand that shutting down a reactor is not the same thing as shutting down an oven or car, etc.

  61. Juice Box says:

    In other news the Japanese self defense forces said they would not be fighting the invading North Korean hordes as they might get hurt.

  62. Kettle1^2 says:

    Juice,

    I just saw an estimate that the 4 reactor pools (reactors 1 – 4 ) combined hold about 3000 fuel rods.

    As you said, i doubt all the rods that were in the reactor 3 pool are still there. That was MOX fuel as well and pulverized plutonium put into the air is about the best dirty bomb your could build

  63. Shore Guy says:

    What is also fascinating is what happens with uranium fuel when uncovered and exposed to air as opposed to being exposed in a vacuum.

  64. Tigerblood says:

    My neighbors are dicks. The guy up block actually has a gutter business where he parks multiple large commerical vehicles with signage illegally on streets and actually has in summer mexicans standing on his sidewalk drinking coffee waiting to pick up their trucks. He advertises that address in the phone book and on-line.

    The tax guy annoys me as he is too cheap to rent a place. His wife and kids complain he is home all day and don’t like the clients coming to the house. I don’t like the people coming and going. His wife said to my wife I wish there was a way to get him out of the house but he is too cheap to rent a place. I think if he had a professional office his business would increase. I am actually helping him.

    Double Yellow line, Commerical Property, Train Tracks, High Voltage Wires, Visible things such as smoke stacks cell phone towers are all good stuff.

    Fortunately my town is so stupid they will lower my taxes and not raise the taxes of neighbors with home business and wonder why they go broke.

    Funny d2b you are talking out of your butt. So you are saying if your neighbor is breaking the law running a home business illegally and bringing in traffic and strangers to your block and you complain about his illegal business your neighbor will take it out on your stay at home wife and kids. A good neighbor would say I am so sorry I broke the law I apologize I will rent an office in a commercial district and shovel your snow for free for a year.

    My brother did tell me not to report them. He said I should take 10% of his profits or have him do my shoveling or mow my lawn for not turning him in.

    I know I am going to win. I always win. The question is by how much.

    d2b says:
    March 16, 2011 at 9:37 am

    Tiger 28-
    Never knew that living next to commercial property would lower your taxes and I highly doubt that the discount would be significant. My township would probably not lower my taxes or punish my neighbors. They would look at comps and judge my assessment on that.
    What you are proposing is a total dick move. I can’t stress to you enough the importance of having great neighbors and starting World War 3 on your street will come back to bite you in the ass. If you have a wife/husband and kids they will certainly suffer. I love the fact that my neighbors are home all day. They are watching my house and I can call them if I have a problem.

  65. Kettle1^2 says:

    Shore 63

    Agreed, but it would be logical to assume that before they lost reactor 4 and while it was intact they would have focused on keeping it so, as they would have been able to get very close to it since it was in a “cold” shutdown. I have read that most of the core of reactor 4 was not in the reactor but was in the spent fuel pool due to maintenance activities. If accurate that would have made reactor 4 an even larger priority.

    So far this situation seems to be handled by the politicians, not technical experts. I really question whether technical experts in charge would have let it go this far. But perhaps the whole honor/saving face aspect of japanese culture is coming into play as well????

  66. Shore Guy says:

    MOX is bull$hit. It barely deals with our Pu problem and it creates asituation where reprocessing becomes about impossible and creates the prospect we are now facing.
    Blend down Pu, encased it in ceramics, and blurry the stuff under a mountain (below sea level) in a facility that requires NO human intervention.

  67. Shore Guy says:

    Kettle,

    The Genesis of this, an the keystone kops response, at least I believe, is th context of the event. The people who run the plantlukely list their homes, family members, friends, indeed whole communities.

  68. Kettle1^2 says:

    Shore 66

    Pyrophoric toxic metals are FUN!!!! And to think that it only accelerates the exothermic oxidation of zirconium in the presences of steam.

    Pyrophoric: Ignites spontaneously on contact with oxygen/air

  69. Shore Guy says:

    I don’t think that people had their heads in the game at first, at the local level, and the corporate people may have triedto keep things quiet or may not have understood the gravity of the situation. When disaster strikes incremental responses are never enough.

  70. Kettle1^2 says:

    SHore,

    True, and something to keep in mind. This is a very large, but single facet of a much larger disaster.

  71. Shore Guy says:

    I have had some interesting interactions with pyrophorics in a different context. Good for a face to face discussion.

  72. Kettle1^2 says:

    Shore

    At the highest levels, this disaster is a by product of the cold war and civilian reactors being designed that could also produce material for the military if needed. There are plenty of alternative nuclear fuel cycles and inherently safe reactor designs. But most of those designs and fuel cycles are useless for weapons material.

  73. Painhrtz says:

    Ket how far down range? Maybe I’ll pull the .22 out and plink a little. anyway all depends on how wife feels.

  74. Kettle1^2 says:

    Shore

    Watch out for the WP rounds!!!

  75. Libtard says:

    Can we just dump the cement already? It’s amazing how times have changed. Seventy years ago, Japanese men sacrificed their lives flying planes into our warships. Today, they won’t even don a lead suit to get into a helicopter to dump water on a reactor that is probably releasing a few chest x-rays worth of radiation. Perhaps one of those crazy Japanese Wives who are so keen on taking financial risks day trading the markets would be up to the task. Hari Kari my hairy butt.

  76. Juice Box says:

    re #70 – I wonder how much Saving Face is playing into this?

    In WWII they lost 3 carriers in the battle of Midway, but didn’t tell the Japanese army about it for a couple of years. The surviving crews of the carriers were quarantined on naval bases till the end of the war, so they would not tell of the losses.

    They still practice it in all aspects of their lives. Saving Face…..

  77. Shore Guy says:

    Fir the life of me I can’t figure out why they have not rigged up a large water pipe to flood those reactors. Pipefittets could work in 10 minute shifts and could work in lead boxes to reduce exposure.

  78. Kettle1^2 says:

    pain,

    i think its about 30 yrds max

  79. Shore Guy says:

    For

  80. Kettle1^2 says:

    Shore

    Airlift in a few M88A2 Hercules as well, the vehicle will provide a fair amount of shielding and can provide a lot of mechanical support. I am sure we have some int he theartre we could give to the japanese and they have radiological protection systems built in.

    You could probably have all the equipment needed airlifted in within 24 hrs to construct and implement a 24 inch flooding operation

  81. Shore Guy says:

    WP, it’s what’s for diner.

  82. Libtard says:

    Can we send Jamil to plug the reactors. He’s already filled with hot air.

  83. Libtard says:

    Kett.

    Forget the M88. Send in the EM50…

    http://tinyurl.com/em50-to-the-rescue

  84. Kettle1^2 says:

    Does it come with the hot MP’s or is that an add on option?

  85. Shore Guy says:

    Is that the vehicle from Stripes Francis?

  86. Shore Guy says:

    Lax oversight ? Lax oversight?! When has lax Oversight ever caused a problem for society?

  87. Shore Guy says:

    So, I suppose that this might be a good time to rid one’s portfolio of GE stock, huh?

  88. became alert to your blog through google, and found that it is truly informative.

  89. Comrade Nom Deplume says:

    (16) clot

    Note to clot: see me first.

  90. Painhrtz says:

    MEH 30 yds when it gets warm we can go shoot some clays, I’m shooting a hundred yards downrange at the hunting club

  91. Libtard says:

    Is that the vehicle from Stripes Francis?

    “The name’s Francis Soyer, but everybody calls me Psycho. Any of you guys call me Francis, and I’ll kill you. “

  92. Anon E. Moose says:

    30-yr [17];

    The toys were all bought with nothing down, just like the house. They might have even kept up the payments on those, not wanting to lose them and apparently having a tangible belief/fear that they might be repo-ed (else the cycle would have been garaged off-site).

  93. make money says:

    Only question is why not earlier. Why 5 days later?

    The U.S. military will operate a Global Hawk unmanned high-altitude reconnaissance aircraft over a stricken nuclear power plant in Fukushima Prefecture, possibly on Thursday, to take a closer look at its troubled reactors, a Japanese government source said Wednesday.

    Photographs taken by the plane equipped with infrared sensors could provide a useful clue to what is occurring inside the reactor buildings, around which high-level radiation has been detected.

    The planned mission comes as the Japanese government appears unable to contain the crisis days after the coastal nuclear plant was struck by a magnitude 9.0 earthquake and tsunami.

    It would represent a deepening of Japanese-U.S. cooperation in coping with the escalating crisis, with the U.S. military having already provided logistical transportation, and search and rescue efforts in the wake of the disaster that hit northeastern Japan.

  94. grim says:

    Only question is why not earlier. Why 5 days later?

    It is a spy plane after all, there might be some sensitivity there.

  95. ricky (47)-

    Amazing, isn’t it? Were I to be zapped with a lethal dose of radiation, the first thing I’d do is track down my enemies and kill them all.

  96. vodka (52)-

    I think we should assume at this point that all Japanese gubmint reports about those reactors are lies.

  97. box (66)-

    Japanese Self-Defense Forces = Italian War Heroes = UN Peacekeepers

  98. Juice Box says:

    Grumman gets another purchase order for Global Hawks at 35 million a pop. I would not be surprised if they had to order 10 new ones since we can’t have an irradiated Global Hawks now can we.

  99. tiger (69)-

    Why do the right thing, when you can extort someone? That’s the Amerikan way, right?

    “My brother did tell me not to report them. He said I should take 10% of his profits or have him do my shoveling or mow my lawn for not turning him in.”

  100. make money says:

    First this :

    Associated Press
    LONDON — A senior economist at HSBC has warned that Britain could experience riots if food prices continue to soar in line with the cost of crude oil.
    Karen Ward told Sky News that amid “very low” wage growth in the developed world, failing to compensate workers for recent rises in food and energy prices could provoke social unrest in the U.K.

    Then this:

    From Bloomberg:

    UK Surpasses Zimbabwe In Annual Inflation
    ZIMBABWE ANNUAL INFLATION SLOWS TO ANNUAL 3% IN FEBUARY,

    I hope Bergabe is not getting jelous.

  101. shore (94)-

    The day to have done that was the day Welch walked away and they quit goalseeking their quarterly reports.

  102. plume (97)-

    Show me how to expatriate- and leave a trail of 1mm or so in debt that I have no intention of ever paying- and you have yourself a client.

  103. Shore Guy says:

    Juice

    I asked about that yesterday or the day before as I wondered whether some folks were goingto bug-out.

  104. Juice Box says:

    re #110 – Right now is the perfect time for North Korea to invade. Kim Jong Whooper Jr
    should show his people he is ready to lead.

  105. make money says:

    http://www.weeklystandard.com/blogs/deficit-without-defense_554150.html

    Ponzi scheme coming to an end, 50 years ahead of schedule.

    In President Obama’s proposed 2012 budget, the White House Office of Management and Budget estimates (in Table S-4) that mandatory spending this year (2011) will be $2.194 trillion, while total federal receipts will be $2.174 trillion.

    Bernie was right. The whole gov’t is a ponzi.

  106. Shore Guy says:

    There is no manadtory spending. We can, and should cut social security 10% tomorrow. Many oftye workers currently working to support current retirees have taken a bigger hit than that. Every government agency should lose from 2-5% NOW anddbe given a mandate to cut a total of 10% b Tue start if the new fiscal year. For next FY, no program not essential to he nation should be cut; yes we are going to lose some nice and importantthings but, we are broke.

  107. cobbler says:

    shore
    Except for this year whn FICA had been reduced by 2%, SS is fully supported by the dedicated tax till 2017. Besides, for most retirees it is the only part of their incomes that is adjusted for the inflation. Reducing it will create a huge blow to the confidence, and likely result in the revenue drop exceeding any savings from the lower payments. The only entitlements that can and have to be cut are Medicaid and Medicare, especially the latter – by clearly defining what the program will pay for, and what the recipient can pay if he/she wants it that badly and has funds. I’d say no MRI or catscans after age 85 (unless for trauma), no organ transplants after 70, no intensive care or major surgery for advanced Alzheimer patients, advance waiver of any malpractice suits as a condition for signing up for medicaid, etc.

  108. Juice Box says:

    Stick em up at Bank of America at 2nd and Hudson.

    A woman walked into a bank today – handed a note saying she was “sticking up” the joint – and was handed $3,000 in mixed bills and fled. The woman was wearing all black. HPD is searching the area near the PATH station now.

    Description of woman. Black female, approximately 5 foot 5, also had a brown vest “with some sort of design on it” as well as a hat “with some sort of design on it.”

  109. Kettle1^2 says:

    Doom

    this inspires confidence”

    US Energy Chief Says Partial Meltdown Has Occurred At Fukushima, Urges All Us Citizens Within 80 KM To Evacuate

  110. Kettle1^2 says:

    Doom,

    dont you just hate it when officals go and open their mouths without running it through the handlers first???

    * EU Energy Chief says possible catastrophic events in next hours
    * EU’s Energy chief says situation at Japan nuclear plant is out of control

    followed by:

    IAEA SAYS CORE DAMAGE AT UNITS 1-3 CONFIRMED, SITUATION “VERY SERIOUS”
    IAEA SAYS FUEL RODS EXPOSED IN UNITS 4, 5 AND 6
    IAEA SAYS HIGHER RADIATION LEVELS FROM DAMAGED JAPAN REACTORS
    IAEA SAYS TOTAL OF 4 JAPAN UNITS HAVE CORE DAMAGE

    followed by:

    EU Energy Commissioner did not say a catastrophe was going to happen, he just expressed his fear – spokesman

  111. All Hype says:

    Comments from the NRC chair, says spent fuel pool at Reactor 4 has no water, radiation levels are “extremely high”

    Yikes! Looks like it’s game over. Terrible, just terrible,,,

  112. Kettle1^2 says:

    Shore,

    I just say an estimate of 8000 – 9000 fuel rods in spent fuel pools between the 6 reactors. I dont know how accurate that is at this time.

    DL,

    This is now set to surpass Chernobyl if the spent fuel rods start igniting in multiple reactors.

    Re Global Hawk

    I would be surprised if they havent had one surveying this already. We have thermal satellites and i am sure the military has taken a peak at things from those.

  113. Kettle1^2 says:

    Hype

    Once one of the pools ignites the others have a very good chance of following along simply due to the huge amount of radiation generated by the spent fuel fire preventing anyone from getting close enough to manage the other pools.

    By the way its highly unlikely reactor 3 has a spent fuel pool left to worry about. The question is where are the fuel rods now, in the rubble, strewn around the site?

    Shore

    go back and look at the image of reactor 4. it appears that the entire back of the building is blown out to ground level, yet the primary roof is partially intact. That is an interesting damage pattern as the explosion seems to have been directed sideways even thought the upper floor should have been the weakest part of the structure.

    http://www.zerohedge.com/sites/default/files/images/user5/imageroot/von%20havenstein/japan_earthquaketsu_fukushima_daiichi1_march16_2011_dg.jpg

    Look at the base of reactor 4. There is a large “bright white” spot. It is near the bottom of the containment structure and there is no other white debris. It could be part of the white/mottled upper building panels but the other exploded reactors dont seem to show similar debris. But i have to wonder if it could be molten material……. It looks more like a flow pattern then a broken wall panel.

  114. chicagofinance says:

    the bank is 1/2 a block from the police station; dumb, but I guess she got away…

    Juice Box says:
    March 16, 2011 at 1:14 pm
    Stick em up at Bank of America at 2nd and Hudson.
    A woman walked into a bank today – handed a note saying she was “sticking up” the joint – and was handed $3,000 in mixed bills and fled. The woman was wearing all black. HPD is searching the area near the PATH station now.

  115. Libtard says:

    Just dump the cement before it’s too late. What are they waiting for?

  116. Comrade Nom Deplume says:

    (109-110) juice, shore

    Got Nompound?

  117. Painhrtz says:

    I for one welcome our new irradiated zombie japanese overlords.

    Somewhere in a town in northern california there is a burnt out 60 year old hippie anti nuke protestor creaming himself over the whole Japanese reactor mess. Soon to followed by I told you so’s and a shut down of good USA nukes. Once the smugness works its way up to the golfer and chief.

  118. DL says:

    In Japan it is game over. We, the Japanese, and the rest of the world are victims of believing what we desperately wanted to believe. From day one it was the worst possible imaginable disaster and we are dying the death of a thousand cuts because we want to believe their gov’t is telling the truth and everything is under control. We will shortly have four reactors in full melt down, breeching their containment vessels and spewing tons of radioactive waste into the air, ocean, and food supply. Imagine a large swath of Asia and North America off limits. (Don’t worry, we’ll just increase the dosage that we’ll call safe so you stay where you are.) Fire trucks pumping water blindly into a reactor? Spy drones overflying reactors? Japanese co-pilots are reluctant to tell their pilots when they are about to fly their jumbos into the ground. Do you think they’re going to tell the entire country it is about to become uninhabitable?

  119. Painhrtz says:

    Ket you used mottled in a sentence, warms the cackles of an old pharma R&D chemist like me

  120. DL says:

    At this point, I wonder how the crisis management team is describing realistic, achievable goals. I suspect praying for another tsunami to flood the reactors is about all they have left.

  121. Kettle1^2 says:

    libtard 123

    They cant get anyone/ let alone enough people to get in close to the reactors due to radiation levels. everyone there knows that it would be suicidal.

  122. freedy says:

    Does Bo really chain smoke Kools ? how does he get away with it on Air Force One?

  123. DL says:

    Brits, Germans, and everybody else with an ounce of commen sense telling their citizens to get out of Dodge.

  124. make money says:

    First lesson of how useless federal reserve notes are when shit hits the fan. Nompounds in Domenica will be in higher demand then 12,000sq.ft homes in Alpine.

    As the effects of the nuclear disaster in Japan remain unclear, panicked US residents are doing whatever they can to get their hands on Potassium Iodide pills. The suggested retail price offered by the supplier at NukePills.com is $10 per pack, indicating that demand has forced prices up as much as 1900% in just a few days.

  125. Kettle1^2 says:

    Nom,

    Have you accounted for fallout plumes in your nompound sighting guide?

    Perhaps a boom market for earth sheltered construction

  126. DL says:

    Lead underware for anyone with functioning reproductive organs.

  127. Kettle1^2 says:

    When WWIII starts can we use nukes? the fallout would be less then Fukushima -1

  128. grim says:

    Have you accounted for fallout plumes in your nompound sighting guide?

    Yawn, this isn’t nuclear armageddon we’re talking about here.

    You are clearly old enough to have lived through Chernobyl. Don’t you remember the panic? Don’t you remember the news tracking the radioactive cloud?

    A whole lot of nothing for anyone who wasn’t involved in the immediate area.

  129. grim says:

    the fallout would be less then Fukushima

    Open air atomic bomb testing filled the atmosphere with orders of magnitude more radioactive fallout than even Chernobyl, which Fukushima isn’t even close to. Hell, we went out of our way to test nukes whose primary focus was to spread even greater levels of radioactive fallout than your standard run-of-the-mill thermonuclear.

    Nuclear winter? Bullshit.

  130. grim says:

    There were probably more than 2,000 atomic weapons that were been detonated open air, sea, and underground, in the last 65 years. Last I looked, there aren’t any zombies.

  131. Kettle1^2 says:

    Grim,

    I’m being bombastic. We dont know the full extent or degree of the Fukushima fallout yet. Modern nukes are also smaller and should produce less fallout then the 50’s and 60’s tests. I never suggested nuclear winter.

  132. Kettle1^2 says:

    I never suggested nuclear zombies either, although that could be an interesting new twist on an old theme.

  133. Libtard says:

    I’m solidly in the Grim camp.

    In six months, the goings on around Fukushima will probably be about as topical as the BP oil leak in the gulf is today.

  134. DL says:

    Grim, I lived through Chernobyl in Germany and there was a lot of hysteria. In Bavaria it was prohibited to harvest spinach, mushrooms, and other vegetables that absorbed radiation from the ground. Wild game that grazed in the open was also verboten. You are correct ref Chernobyl, open air testing, etc. These were short term (relatively speaking) events. Weather helped. My observation is that, like the warnings in the mutual fund literature, past performance is not indicative of future returns. We always want to compare current events to some reference point we’re familiar with. This is different. The full magnitude of the problem is yet unknown. Other reactors can fail. More earthquakes are likely. Humans will make mistakes in dealing with the emergency. Maybe the fallout will be dispersed to the extent that nothing will be affected. But I wouldn’t bet on it.

  135. Kettle1^2 says:

    Grim,

    As a counter point, this fallout has the potential to be more severe on a 1:1 basis then Chernobyl since Chernobyl was a uranium fueled reactor and at least 2 of the fukushina reactors that have gone up are MOX.

  136. DL says:

    I believe we stopped testing nuclear weapons above ground in the 60s.

  137. make money says:

    Lib, Grim

    Chernobyl wasn’t the third largest economy is the world and world trade was not as global as today, economic fall out will thwart any natural disaster in our history. Period.

    If you think otherwise, I offer you to go long nuclear energy and buy the dips everywhere.

  138. Libtard says:

    I really hope the Matsushita does not hit the fan!

  139. DL says:

    25 years later, produce in Kiew is still being monitored by our DOE to insure radioactive vegetables from the exclusion zone are not being slipped into the markets.

  140. Juice Box says:

    No no not me you go.

    U.S. military to consider watering buckets provide primary cooling

    2011/3/16 19:16 2011/3/16 19:16

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    小サイズに変更 # #
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    印刷 Print

    米軍は東京電力福島第1原発の冷却作業に協力するため、上空から散水する「散水バケット」を米本土から取り寄せる検討に入った。 U.S. military to cooperate with the primary task of the first cooling Hukuzima TEPCO, the aerial spraying “watering bucket” into the study from the U.S. mainland 取Ri寄Seru. ヘリコプターに装着し、海水をくみ上げ、原発に投下する仕組み。 Attached to the helicopter, Kumi上Ge seawater, the primary mechanism to drop. 米国では山火事の消火活動に多用されている。 The United States has been frequently used in fire fighting of forest fires. 数秒でくみ上げられるのが特徴だが、放射線量が高い中、どこまで近づけるかが課題となる。 Which is characterized by the Kumi上Ge in a few seconds in a high radiation dose, whether the issue is far closer.

    米軍筋は16日「散水バケットを米軍ヘリに装着するか、自衛隊ヘリに貸与するかは決まっていない」と説明した。 16 The U.S. military source “or watering buckets attached to U.S. military helicopters, helicopter or leased to the SDF has not been decided,” he explained.

    米大使館のジャスティン・クーパー武官(海軍大佐)は同日の記者会見で「こうした特殊器具の提供の是非は在日米軍司令部(東京・横田基地)の共同作戦センターで調整している」と述べた。 U.S. Embassy military attache Justin Cooper (Captain), at a press conference said, “means the provision of special equipment such U.S. military headquarters in Japan (Yokota Base Tokyo, Japan) are coordinating joint operations center” and said.

    米政府は国務省のメア前日本部長の沖縄県を巡る発言で傷ついた日米の信頼関係を修復するべく最大限の協力姿勢を見せている。 The U.S. government is showing an attitude of full cooperation Surubeku repair damaged trust in U.S. statements over the last Sun mare Okinawa State Department chief. 米大使館筋は「米軍最高幹部からは『いかなる協力も惜しまない。何でもリクエストしてほしい』と繰り返し言われている」と明かす。 U.S. Embassy sources, “the top U.S. officials, see the willing cooperation of any kind.] I want to request anything that is said and repeated,” and reveals.

    ただ、高濃度の放射線量の中での作業となると難しい選択も迫られる。 However, be faced with a difficult task and be selected in high levels of radiation dose. 在日米軍関係者は「自衛隊の代わりに米軍がやってくれ、という話なら筋が違う」と語る。 U.S. military personnel stationed in Japan, “U.S. forces me to do instead of the SDF, a different story if that makes sense,” he said. ルース駐日米大使も16日の記者会見で「福島第1原発は日本の原発であり、復旧作業を主導し、責任を持つのは日本政府だ。その中で米国はあらゆる形でサポートしていきたい」と述べた。 At a press conference on January 16 the U.S. Ambassador to Japan loose “nuclear power plant in Fukushima was the first Japanese nuclear power plant, led the recovery efforts, the government is responsible. The U.S. is preparing to in which all forms of support want, “he said.

    http://translate.googleusercontent.com/translate_c?hl=en&ie=UTF-8&sl=auto&tl=en&u=http://www.nikkei.com/news/headline/related-article/g%3D96958A9C93819691E3E4E2E2E18DE3E4E2E1E0E2E3E39793E0E2E2E2%3Bbm%3D96958A9C93819696E3E4E29BE48DE3E4E2E1E0E2E3E3E2E2E2E2E2E2&prev=_t&rurl=translate.google.com&usg=ALkJrhjLoWghHGrfwLQXMTttknRf5U5EGw

  141. Juice Box says:

    sorry try again lost in translation.

    NO NO NOT ME YOU GO!

    U.S. military to cooperate with the primary task of the first cooling Hukuzima TEPCO, the aerial spraying “watering bucket” into the study from the U.S. mainland. Attached to the helicopter, Kumi上Ge seawater, the primary mechanism to drop. The United States has been frequently used in fire fighting of forest fires. Which is characterized by the Kumi上Ge in a few seconds in a high radiation dose, whether the issue is far closer.

    The U.S. military source “or watering buckets attached to U.S. military helicopters, helicopter or leased to the SDF has not been decided,” he explained.

    The U.S. government is showing an attitude of full cooperation Surubeku repair damaged trust in U.S. statements over the last Sun mare Okinawa State Department chief. U.S. Embassy sources, “the top U.S. officials, see the willing cooperation of any kind.] I want to request anything that is said and repeated,” and reveals.

    However, be faced with a difficult task and be selected in high levels of radiation dose. U.S. military personnel stationed in Japan, “U.S. forces me do instead of the SDF, a different story if that makes sense,” he said. At a press conference on January 16 the U.S. Ambassador to Japan loose “nuclear power plant in Fukushima was the first Japanese nuclear power plant, led the recovery efforts, the government is responsible. The U.S. is preparing to in which all forms of support want, “he said.

  142. Painhrtz says:

    Grim there are too zombies! They are not the irradiated type just run of the mill underwater sellers and banks.

  143. 30 year realtor says:

    Interesting site regarding Chernobyl, check out kidofspeed.com

  144. grim says:

    143 – agree on the different fuel, but we also don’t have burning graphite control rods carrying radioactive particles up with the smoke.

  145. zieba says:

    RE; 30 year

    kid of speed = Elena Filatova

    Awesome site! Her stones are larger than most men. I would never tour the exclusion zone at night on a motorcycle! You can navigate her site by scrolling to the bottom and using the blue Chapter (small print) links.

  146. Kettle1^2 says:

    Grim

    We do have seem to have intermittently burning spent fuel rods. We wont know the real impact until the mess gets cleaned up.

    and this:

    Tokyo Electric Power Co. said Wednesday it is considering spraying boric acid by helicopter to prevent spent nuclear fuel rods from reaching criticality again, restarting a chain reaction, at the troubled No. 4 reactor of its quake-hit Fukushima No. 1 nuclear power plant. “The possibility of recriticality is not zero,” TEPCO said as it announced the envisaged step against a possible fall in water levels in a pool storing the rods that would leave them exposed.

    ….If the fuel rods are dry and hot, there could be damage to the cladding and the release of light radioactive nuclei. To prevent that, you would want to inject water. But water on its own is a neutron moderator and would enhance the chances, however small, of criticality… [water] reduces the speed of the neutrons, meaning they can be captured by uranium nuclei in the fuel rods, inducing them to split. Without water, the neutrons travel too fast, and are not captured…

    http://english.kyodonews.jp/news/2011/03/78393.html

  147. make money says:

    Grim

    Are you long Uranium?

    (AGI) Washington – USA: “lethal doses” of radiations are leaking out from the Fukushima nuclear plant in Japan. Gregory Jaczko, who chairs the US Nuclear Regulatory Committee, launched the alarm. “It would be very difficult for the local workers to approach the reactors”, he added. “The radioactivity doses could very soon turn out to be lethal”. . .

  148. Comrade Nom Deplume says:

    [133] kettle

    “Have you accounted for fallout plumes in your nompound sighting guide?”

    Yes.

    But because there are mulitiple criteria, it is a lower-weighted criteria in my screen. This is due to probability; nompounders are not going to commit simply to have a bug-out site away from nuke plants when the probability of a Japan-style event happening in the Northeast is so low.

    BTW, got a mailer from a land service about a nice site in Bethel, ME. Fits many of the criteria except for the agricultural aspect, and if you are going to sever homesite from ag site, then the plot is too large at 202 acres, unless you are contemplating multiple buildings.

  149. Juice Box says:

    Hungry yet?

    Fukushima Governor Yuhei Sato sent an urgent plea for help to Prime Minister Naoto Kan. This is his plea:

    Because of the ongoing nuclear emergency, distributors have begun to refuse deliveries to even areas outside the exclusion zone and the zone where residents are advised to stay indoors. For instance, tanker trucks have turned back before Miharu-machi, and deliveries only come to Hitachi, not to Iwaki City. We have a serious emergency here, unable to obtain fuels, food, medicines, and other daily necessities.

    Many refugees from the disaster have fled here, adding to the population of local residents. It has become extremely difficult to support daily life of citizens and to maintain medical practice.
    I desperately ask distributors to truly understand the situation of this area and to cooperate with us.

    And I ask the national government to provide accurate, detailed information and explanation to all distributors as well as citizens and to make an all-out effort to provide us with necessary support.

  150. grim says:

    Look, I’m not trying to downplay what is going on in Japan, it is a serious event and the loss of life is a great tragedy. The situation is terrible, there is no arguing that.

    My issue is around the fear mongering, panic, and misinformation being passed around as fact.

    There is a big difference between radiation and radioactive material. The media is doing a fantastic job of combining the two. Like you mention above Ket, criticality is terrible, but it is terrible locally. It makes getting the situation under control even more difficult as workers are bombarded with radiation. However, the wind won’t carry neutrons. Radiation follows the ol’ inverse square law. You’ve studied physics, so you’ll know that it won’t take a significant distance to all but eliminate exposure risk.

    We’re not yet in a situation where the reactors are burning in such a way that large volumes of radioactive material are being carried into the upper atmosphere. Yes, there is locally ejected material from the explosion, in addition to some aerosolized by the steam venting. This is terrible, and this place is likely to become a radioactive wasteland, but we’re not yet in a Chernobyl-like situation, and the design of the reactor is vastly different from that. I’m not saying it won’t fail in a similar manner, but the failure mode will be need to be vastly different.

    Look, this situation can’t possibly get any worse for the Japanese, and the confluence of events is bordering on surreal. But to worry on the east coast? Save the worry and instead pray for the survivors over there.

  151. Barbara says:

    LOLZ USA:

    http://news.yahoo.com/s/yblog_thelookout/20110315/ts_yblog_thelookout/how-is-japans-crisis-affecting-america

    Nuclear power is one of the few viable large-scale energy sources that doesn’t contribute to global warming. Does the crisis in Japan mean we’re going to ditch that too?

    Probably not. Germany has said it plans to shut down seven aging nuclear reactors in response to the events in Japan. But in the United States, the reaction has been more measured. Energy Secretary Steven Chu told Congress today that the United States should learn from Japan’s experience, but that the administration remains committed to nuclear power as one of several energy sources. Chu also affirmed that the federal government has “rigorous safety regulations in place” for the nuclear industry. The administration wants $36 billion to help finance new U.S. reactors over the next decade.

    But don’t we have some nuclear plants that sit near geological fault-lines in California? Why couldn’t a similar earthquake/tsunami/nuclear-meltdown scenario happen here?

    Both the San Onofre and Diablo Canyon nuclear sites in southern California are relatively close to fault-lines. But experts say that unlike the quake-devastated region of Japan, southern California has no “subduction zone,” where one plate slides under another. That means that even if an earthquake did occur, there’s essentially no risk of it generating a tsunami of the size that hit Japan. Still, not everyone is comforted. “The world is filled with lots of risk, and placing big bottles filled with massive amounts of radioactivity near earthquake faults doesn’t make much sense,” Dan Hirsch, who runs a nuclear policy organization, told the LA Times.

  152. Mikeinwaiting says:

    Grim 158 Spot on.

  153. make money says:

    It seems like Nikkei will close tomorrow. Japanese deserve a bank holiday. Yes?
    why not? In America we have bank holidays a couple of times a week. We just call them POMO’s…which is like Christmas for bankers isn’t it?

  154. Barbara says:

    grim, on an island nation, everything is local.

  155. sas3 says:

    Grim, #158… well said.

  156. Kettle1^2 says:

    Grim

    I dont believe i ever implied the east coast was at risk, if i did it was unintentional. The west coat is unlikely to be at any severe risk but could see some low level exposure based on events to date. I’m certainly not telling everyone to run out and mega dose iodine.

  157. grim says:

    Far from all is well, I’m not debating the gravity of the situation at all.

    The point I’m making is that the line between armageddon and disaster is not as thin as you might be led to believe here.

  158. gary says:

    Inflation? Worthless Bonds? Libya? Bahrain? Spiraling debt? Japan? No worries ’cause we’re jettin’ to Rio baby!

    http://tinyurl.com/4fhdhmk

  159. Juice Box says:

    Iodine won’t do crap against Plutonium. Something like 7% of the fuel Rod in MOX fuel.
    Sprinkle that on your Udon noodles.

  160. Mikeinwaiting says:

    “And now for something completely different” some RE news: http://seekingalpha.com/article/258572-housing-market-seriously-double-dipping?source=hp_wc&wc_num=3

    “Today’s housing starts report was a miserable showing with total permits, the most leading of indicators, dropping over 20% since last year while total starts declined nearly 21% over the same period.

    Understandably, homebuilder sentiment is still historically low but arguably the most important assessment of the conditions being seen for the new home sector, namely current buyer traffic conditions, remains just 4 points above the worst level ever recorded.

    As for general home purchase activity, looking at the MBAA purchase applications index clearly shows that the demand side remains historically weak with the volume of applications remaining very close to the lowest levels seen in well over a decade.

    Taken together, these data-points send an unequivocal message … housing is going down for another dip.

    How long the slide will run and how harsh it will be on prices is anyone’s guess. But suffice it to say that real prices (inflation adjusted) are still overvalued by some 15% or 20% over historic norms so one would do well to expect the worst.”

    It would seem and rightly so that in the big picture it amounts to a hill of beans.

  161. Kettle1^2 says:

    grim

    point taken.

  162. cobbler says:

    JPY jumps 4% in 10 minutes v. all other major currencies. Mrs. Wantanabe goes to get the seppuku sword from the closet.

  163. gary says:

    How long the slide will run and how harsh it will be on prices is anyone’s guess. But suffice it to say that real prices (inflation adjusted) are still overvalued by some 15% or 20% over historic norms so one would do well to expect the worst.”

    It’s a no-brainer. Close today and you’re underwater by breakfast tomorrow unless you pummeled the seller with some serious thuggery. If you didn”t practically rob the f*cking house, you didn’t get a deal.

  164. Shore Guy says:

    158

    Yet.

  165. chicagofinance says:

    Additionally from a Japan economy standpoint, almost everything important in Japan appears to be from Tokyo south and west. As a result, the main issue is really getting the nuclear site under control, and then understanding how much electric grid capacity remains in the medium and long-run. I do not downplay the damage, but it really simliar to getting smacked in South Carolina, not New York City. I don’t even know if there is a major city north of Tokyo…..

    http://www.japaneselifestyle.com.au/travel/map_of_japan_cities.html

    grim says:
    March 16, 2011 at 3:51 pm
    Look, this situation can’t possibly get any worse for the Japanese, and the confluence of events is bordering on surreal. But to worry on the east coast? Save the worry and instead pray for the survivors over there.

  166. 1987 Condo Buyer says:

    Grim, good point, but then again some of your posters predict doom because houses aren’t selling or their value is normalizing.

  167. Juice Box says:

    Check out the new pic up on yahoo.com home page.Reactor 3 intact?

  168. Al Mossberg says:

    John Williams, “Williams says, “Outside timing on the hyperinflation remains 2014, but there is strong risk of the currency catastrophe beginning to unfold in the months ahead. It may be starting to unfold as we go to press.”

    Better plant some extra tomato plants this year. You cant eat Kentucky Blue Grass.

  169. Al Mossberg says:

    Earthquake forecaster Jim Berkland warns of a ‘high risk’
    seismic window and potential for a massive quake
    poised to strike somewhere in North America in
    between the dates of March 19th and 26th.

  170. Kettle1^2 says:

    Oops, Looks like FX just experienced a partial meltdown

  171. Al Mossberg says:

    179.

    Thats doomy for sure. Ok folks might want to strap on the adult diapers now.

    I think the long awaited oblivion is finally here.

  172. Neanderthal Economist says:

    “these data-points send an unequivocal message … housing is going down for another dip.”

    Dont have comps to back this claim but re in my town seems quite gloomy… nothing selling, nobody showing up at open houses and asking prices being reduced. Still im always surprised by the resiliency of the market and when comps do come up im always shocked how much the buyer got ripped off. Im hoping this is truly another significant leg down toward affordability.

  173. Kettle1^2 says:

    Al

    not yet, wait until about june.

  174. Kettle1^2 says:

    Time for more political theatre

    Total US Debt Hits $14.237 Trillion, Debt Ceiling At $14.294 Trillion

  175. Confused In NJ says:

    If you live in a pre 1950’s house that still has lead paint, you should be O.K., as they also used single pain leaded glass.

  176. Al Mossberg says:

    Water drops have begun. Futile.

    http://www.ustream.tv/channel/nhk-world-tv

  177. Confused In NJ says:

    It still makes no sense that a new electric line can potentially supply power to existing pumps, yet nobody was able to secure a portable generator to perform the same function?

  178. Officials want to vote to override the Governor’s 2% cap and raise our taxes.

    Here’s a simple question… How many officials in NJ municipalities and counties have voted to “first” cut their own salaries and benefits, across the board and for all government employees, before raising taxpayer dollars?

    I think that all government employees should cut their salaries and benefits by 50%, across the board.

    Cut All Government Employee Compensation!

  179. Barbara says:

    181. Neanderthal

    I am also noticing in the markets where I search, a lot of glut, not a lot of selling and the silly 10k reductions (as if) but when a sale does come down, the price is just plain silly. This is evidence, ime, of the buyer/seller staring contest and occassionally, buyer blinking first. I guess some people need to relocate no matter what. When the opposite happens, well…..it doesn’t happen, does it? The seller never blinks because they can’t afford to, so the property becomes bank owned and the bank is equally stubborn.

  180. Comrade Nom Deplume says:

    Article on MSN from Minyanville quotes a Cargill exec. who estimates food inflation over the next few years like we haven’t seen since the 70’s. Okay, he did not mention the 70’s, but those of you that remember it, I think that is what we are headed for.

    Beef and chicken, increasing 8% annually.
    Bread and cereals, 4% annually
    Beer, 4% annually
    Veggies, 3% annually
    Dairy, 4-8% annually

    I think that I will ask Sister to raise more chickens on her Nompound, and will lay in some brewing supplies. Also, to Al’s point, the veggie/berry garden is gonna be a bit bigger this year, and I find I have some old storm doors that will make good coldframes.

  181. Dan says:

    Barb,

    Agreed. I still look and think those dropping something from 489 to 479 and expecting looks are in a fantasyland. That being said, I went after my place once they dropped it by $50k.

  182. Shore Guy says:

    I passed a for sale sign on the way home today and It had one of those secondary signs on it that read: new taxes.

  183. chicagofinance says:

    This article seems to agree with the point I made about Japan’s destroyed regions as being non-critical. The crux of the issues are the nuclear site and generating energy for national use.

  184. Juice Box says:

    Shore – We used to have radiation detection equipment on Aleutian Islands from the cold war, the Russians used to blast Kamchatka regularly, and we blew up quite a few nuke bombs on those remote north pacific islands too.

    Adak Island was the last base closed in 1995 or so.

    Lets hope the aircraft now being deployed can pickup any kind of plume if it exists.

    Sorry Grim, panic may come here only takes a few clicks in a radiation detector to startle the herd, of which 90% have never left this country.

  185. nj escapee says:

    UN: ‘PLUME’ TO HIT US FRIDAY

  186. Juice Box says:

    Japan self defense forces dumped 7.5 tons of water in the reactors at 300 meters height of which perhaps 2 gallons hit the nuke plants. Do the math the pools are at least 100k gallons. 256 gallons per ton. Pis**ing in the wind…..

  187. Juice Box says:

    Chi – the truckers won’t deliver anywhere near those regions. Good luck convincing them, they have very strong unions.

  188. These tax rates are really absurd but the area is really great. If you’re not afraid of property taxs check out these homes for sale in Wildwood Crest

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