The Mudcat Café TM
Thread #136314   Message #3133785
Posted By: Q (Frank Staplin)
12-Apr-11 - 12:50 PM
Thread Name: BS: Japan Nuclear plant disaster, 2011
Subject: RE: BS: Japan Nuclear plant disaster, 2011
An article in Japan Times today, "Disaster toll still incalculable," touches on the many problems connected to compensation and re-building following the earthquake an tsunami. A few paraphrased problems:

TEPCO direct liabilities are estimated at $23 billion dollars. Their stock has lost 75% of its value. Takeover or extensive help from the government is necessary to keep the company afloat.

Many problems are associated with compensation. If one has property and wishes to rebuild, he has to deal with property washed onto his land. The owner of a house washed onto the property also will be dealing with insurers and until that claim is settled, the landholder is "on hold." Similar claims involve the cars and other property now on the landholder's property.

Farmers in the area claim that if they had been informed of where the airborne radioactive contamination was likely to spread, they could have covered and saved their crops. Many in the area raise special crops, some for export to EU and other areas, and have suffered heavily.

Recriminations cover all aspects of the disaster.
Inoue, Ground Self-Defense Force Chemical School, blames the government and TEPCO for not opening valves early on March 12 to release radiation-polluted gas so that the rising pressure in the No. 1 reactor could be released, preventing the hydrogen explosion,