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16 February 2012


billy T

Of course the Greeks are jumping ship. If they can't get handouts in Sparta, they will get them somewhere else. After Greece, who is next? Portugal, Ireland, Spain? Cuts aren't easy. Ain't easy to break the slave mentality. They might have to wander 40 years in the wilderness before the slave mentality is broken from this whole Greek generation. No one with the slave mentality is allowed in the promised land to borrow from another book. Funny that Algore says capitalism is unsustainable. You mean like Greece, the USSR, and our worm farm are great examples of non capitalistic sustainable ventures? This should give Algore some heart burn. http://www.bloomberg.com/news/2012-02-16/spain-says-31-billion-power-system-debt-burden-must-be-shared.html

Douglas Keachie

Some leaders cite other reasons for going Green.

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Japan's Prime Minister Naoto Kan attends a news conference on his resignation at his official residence in Tokyo August 26, 2011. REUTERS/Toru Hanai

By Linda Sieg and Yoko Kubota

TOKYO | Fri Feb 17, 2012 2:23am EST

(Reuters) - Nearly a year after Japan's Fukushima nuclear disaster, then-premier Naoto Kan is haunted by the specter of an even bigger crisis forcing tens of millions of people to flee Tokyo and threatening the nation's existence.

"Having experienced the 3/11 nuclear disaster, I changed my way of thinking. The biggest factor was how at one point, we faced a situation where there was a chance that people might not be able to live in the capital zone including Tokyo and would have to evacuate," Kan told Reuters in an interview on Friday.

"If things had reached that level, not only would the public have had to face hardships but Japan's very existence would have been in peril."

That was the fear that convinced Kan, in office for less than a year when the March 11 triple disaster struck, to declare the need for Japan to end its reliance on atomic power and promote renewable sources of energy such solar that have long taken a back seat in the resource-poor country's energy mix.

"While many technological measures can be taken to secure safety at nuclear power plants, such measures on their own cannot cover great risks," said Kan, sitting in front of a calligraphy scroll inscribed with the ancient Chinese proverb "Be Brave, But Not Reckless."

Todd Juvinall

It appears Keachie has hijacked George's blog.

Brad Croul

Obama administration puts another California businessman out of business...


"It turns out that the lamestream has known about it and been silent on the story for almost a full year before someone finally told Fox News."

So, are you saying Fox News is not lame, or lamestream? I mean, it only took them a year to dig this up.

George Rebane

BradC 806am - That's a good point. The only inference from the report is that certain 'acknowledged' news outlets have more facile conduits to the WH and other government agencies, and therefore knew of these connections in funding green enterprises. Recall that several senior WH staffers have gone out of their way to denigrate Fox News as not being a legitimate news outlet.

I expect that there will be more such revelations as this election year advances toward November. It is not unreasonable to believe that both sides are stocking up on 'revelations' that will be 'discovered' at appropriate times.

Robert White

George, The Supes may have thought you were suggesting what they should consider doing. They don't like that!


Greek 1 Year gov bond At 629%, Biggest One Day Jump In Yield Ever


George Rebane

RobertW 908am - I did indeed recommend that they become both more proactive and clear in disseminating the county's fiscal good news. That they all are sanguine about our unfunded liabilities needs to have the basis for such comfort shared with the voters. Let us see a plot of when what level of unfunded liabilities come due, and how we plan to respond to those obligations. Then we all can be as happy as they.

Ryan Mount

Hey, regarding the Singularity stuff, have you guys ever read Bill Joy's (he needs no introduction in my Book. :-)) "Why the future doesn't need us"? Or is that old news?


Douglas Keachie

Back to insurance. It is my understanding that in the fine print of many policies there is written a limit to the payouts, in th event of catastrophe. That limit is defined as being what everyone in the vicinity has paid in. Thus if the Bay Area is hit by a massive quake, and the amount paid in by all of what they define as the "region" is 49% of the the total losses, all that you will be able to recover is 49% of what you coverage was supposedly good for. If the area in the "region" is large enough, i.e., we are in the same area as SF Bay, then buying quake insurance up here is a very good deal, as you will be sure to be paid if it hits locally. If you are in San Francisco, however, you will be screwed.

Robert White

George, I recommend you make a habit of contributing suggestions to the Supes on a regular basis.

George Rebane

RyanM 1123am - Bill Joy's views on our dystopian future are well known to RR readers.

George Rebane

THEMIKEYMCD 1011am - the 629% rate for a one-year Greek bond means that the market thinks that the probability of Greece defaulting on the bond in the coming year is 0.998, almost certainty. More here -

billy T

The Democrat run White House is not the only agency that dispenses favors to people with connections to staff. It is true for some aides to councilpersons as well. Forget crony capitalism. More like crony "public servants". http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2012/02/17/MN2B1N97RB.DTL

billy T

Glad to see Spain is hopping on the bandwagon. Thought I heard a faint noise from across the pond. Was that the sound Ross Perot described as the "sucking sound"?http://xfinity.comcast.net/articles/finance/20120219/EU.Spain.Financial.Crisis/

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