Saturday, January 7, 2012

WSJ: "Job Numbers Mask Complex Picture"

Wall Street Journal Jan 7-8 2012 p. A2 on the "jobless recovery":

[excerpted]: "'Businesses have gotten savier,' he [Eric Lascelles, chief economist at RBC Global Asset Management]. 'They seem to be able to squeeze more productivity out of a diminished labor force.'"

1 comment:

  1. Comments to NRC – Send an Email
    The Tag Line of NRC is

    “Protecting People and the Environment”

    Speak Your Mind!

    The NRC has determined that it has confidence in using spent fuel pools for up to 60 years past the closing of a Nuke Plant. Hmmmm.

    They assume that

    1) Society won’t break down AND loss of knowledge (like there won’t be a single CD that shows how dangerous spent fuel is). Well what if society breaks down, but there is still a CD of knowledge left. OK! Their conditions are met, their assumptions were not wrong!
    2) Terrorism doesn’t need to be considered, it is outside of their scope.
    3) They don’t consider that “loss of institutional control” will ever happen because “the trend in modern society is toward more awareness and control over issues that pose a risk to humans and their environment.” Yeah Right!
    4) They assume that the nuke plant operators will provide continuing financial support for their used fuel “regardless of cost”, can I puke now?
    They won’t even touch the 8000 lb Gorilla in the Room….The Carrington effect, a large sun storm that wipes out transformers and thus the world wide power grid. As you may know, if a nuke plant loses power, it melts down, and I mean the reactor AND the fuel pools.

    I summarized some of their comments from the PDF (invitation to comment), below, it will make your blood boil.

    The comment period is 45 calendar days, from January 3 to February 17, 2012.

    At the pimp


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