Now Playing: Disaster - Japan nuclear crisis may damage US image
  • Description:   Japan Meltdown Japan's handling of the nuclear crisis appears to be failing while atomic experts point out that the Fukushima reactors were designed by America's General Electric Company and there are some built-in flaws. But if a deeper look into Japanese law is taken it would turn out that General Electric would not be liable for the accident or damage at Fukushima-1 nuclear power plant. And this creephole would potentially save them tens of billions of dollars were they sued for the Fukushima disaster. So they are probably breathing a sigh of relief right now. Almost undoubtedly, the scapegoat of the disaster will be the operator of Fukushima nuclear power plant TEPCO, the Tokyo Electric Power Company Inc, which has already lost US$24 billion (57 per cent) of its worth in just three days -- and all this against the background of being the power generating company with the world's biggest debt obligations, of $88 billion. Experts like Walt Patterson, Senior Research Fellow in the Energy and Environmental Programme, who told RT that nearly 40 years ago he wrote an article "describing an intense controversy in the US about the performance of the so-called "emergency cooling systems on water-cooled reactors," are now openly saying that there were some flaws in the General Electric-designed reactors. TEPCO and the Japanese government will probably nevertheless try to sue the General Electric Company. But it remains to be seen as investigation into the catastrophe is yet to be conducted ...
  • Tags:   Japan  Disaster  News  Investment  Nuclear  Scandal  Accident  Politics  India  
  • Added:  17-03-11  Views:  (672)

  • reportReport     favs Favorites     favs Add to Playlist     favs New Playlist   favs Share
  • Social Bookmarks:   blink     digg     furl     furl     furl     deli     BlogMarks     Magnolia     StumbleUpon     RSS     Tweet
Video Responses (0)

Be the first to post a video response!
You must first login

Connect with iconmedia
  • Online Status
  • My Rating:  1 Star 1 Star 1 Star 1 Star 1 Star
  • Last active: 1536 days ago
Add Video to Your Blog

Views: 7966
Views: 6993
Views: 5861
Views: 4851
Views: 4400
Views: 4014
Views: 3987
Views: 3901
Views: 3808
Views: 3426
Views: 3324
Views: 3153


Copyright 2008-2009 All Rights Reserved. Videos wached: ()
This work is licensed under a Creative Commons Attribution-Noncommercial-No Derivative Works 3.0 Unported License.