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A month ago, the Japanese TV show “Morning Bird” discussed the current state of the Fukushima Daiichi nuclear plant, and specifically Unit 4, which is in terrible condition. During an interview with Dr. Hiroaki Koide, Research Associate at the Research Reactor Institute of Kyoto University, who explains the immense difficulty in moving the radioactive fuel rods – a process that will not even start until 2013 – the presenter asks what would happen if even a moderate earthquake struck near the plant before the fuel rods can be moved. Koide replies:

That will be the end.

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As London ramps up for the 2012 Olympics, a dystopian regime of policing and censorship on behalf of the games’ sponsors is coming online. A special squad of “brand police” will have the power to force pubs to take down signs advertising “watch the games on our TV,” to sticker over the brand-names of products at games venues where those products were made by companies other than the games’ sponsors, to send takedown notices to YouTube and Facebook if attendees at the games have the audacity to post their personal images for their friends to see, and more. What’s more, these rules are not merely civil laws, but criminal ones, so violating the sanctity of an Olympic sponsor could end up with prison time for Londoners.

[..]

Each games’ sponsor doubles down on the previous games’ restrictions and surveillance, which suggests that by 2020, the winning bid will include a promise to imprison all non-attendees for the duration of the games, and permanently tattoo sponsors’ logos on the faces and chests of all ticket-buyers.

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In which it is revealed that having Khan as a last name is quite likely to get one a close inspection at US immigration.  But as it was just a random search, nothing to see here…

The US embassy in India then issues an apology.

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Like any state legislature dealing with 8 percent unemployment and thousands of its residents facing disenfranchisement, the Tennessee Senate is targeting the menace of underage hand-holding.

Last week, the Senate passed SB 3310, a bill to update the state’s abstinence-based sex education curriculum to define holding hands and kissing as “gateway sexual activities.” Just one senator voted against the legislation; 28 voted in favor.

Since the bill specifically bans teachers from “demonstrating gateway sexual activity”, educators would be prohibited from even demonstrating what hand-holding is.

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Sanal Edamaruku, an Indian skeptic, went to Mumbai and revealed that a “miraculous” weeping cross was really just a bit of statuary located near a leaky drain whose liquid reached it by way of capillary action. The local Catholic Church demanded that he retract his statements, and when he refused, they had him arrested for blasphemy.

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Airport security in America is broken. I should know. For 3½ years—from my confirmation in July 2005 to President Barack Obama’s inauguration in January 2009—I served as the head of the Transportation Security Administration.

You know the TSA. We’re the ones who make you take off your shoes before padding through a metal detector in your socks (hopefully without holes in them). We’re the ones who make you throw out your water bottles. We’re the ones who end up on the evening news when someone’s grandma gets patted down or a child’s toy gets confiscated as a security risk. If you’re a frequent traveler, you probably hate us.

More than a decade after 9/11, it is a national embarrassment that our airport security system remains so hopelessly bureaucratic and disconnected from the people whom it is meant to protect. Preventing terrorist attacks on air travel demands flexibility and the constant reassessment of threats. It also demands strong public support, which the current system has plainly failed to achieve.

Weird how people all of a sudden come down with a bad case of rationality once they leave office.

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For several years now, the Fed has been making money available to the financial sector at near-zero interest rates. Big banks and hedge funds, among others, have taken this cheap money and invested it in securities with high yields. This type of profit-making, called the “carry trade,” has been enormously profitable for them.

So why not let everyone participate?

Under my plan, each American household could borrow $10 million from the Fed at zero interest. The more conservative among us can take that money and buy 10-year Treasury bonds. At the current 2 percent annual interest rate, we can pocket a nice $200,000 a year to live on. The more adventuresome can buy 10-year Greek debt at 21 percent, for an annual income of $2.1 million. Or if Greece is a little too risky for you, go with Portugal, at about 12 percent, or $1.2 million dollars a year. (No sense in getting greedy.)

Think of what we can do with all that money. We can pay off our underwater mortgages and replenish our retirement accounts without spending one day schlepping into the office. With a few quick keystrokes, we’ll be golden for the next 10 years.

Hey, look, they have gas for less than $4000 here, let’s pull over and fill up!

Although it is obvious to most people how destructive this is, it is equally destructive to be doing the same to big companies and banks, and yet that is being hailed as a saving move. Pumping huge amounts of cash into an economy to be able to keep doing the same stupid shit that got it in trouble in the first place to keep the bad players in business and to keep the same bad business models working. Expect more crashes to come.