Fukushima further bursts "nuclear renaissance" bubble

In a new report entitled "Nuclear Safety and Nuclear Economics: Historically, Accidents Dim the Prospects for Nuclear Reactor Construction; Fukushima Will Have a Major Impact," Dr. Mark Cooper of the Vermont Law School's Institute for Energy and the Environment compares the cost increases for new reactor construction -- due to increased nuclear safety regulation in the aftermath of the 1979 Three Mile Island meltdown -- to escalating costs that can be expected after the Fukushima nuclear catastrophe. Cooper points out, however, the new reactor construction costs were already skyrocketing before the TMI and Fukushima meltdowns -- but the accidents accelerated the cost increases dramatically.

He concludes: "From a big picture perspective, Fukushima has had and is likely to continue to have an electrifying impact because it combines the most powerful message from TMI on cost escalation with the most powerful message from Chernobyl on the risk of nuclear reactors in a nation where it was not supposed to happen. And, it has taken place in an environment where information and images flow instantaneously around the world, so the public sees the drama and trauma of losing control of a nuclear reaction in real time."

Allegations of deep ties between TEPCO and the Japanese mafia

The Atlantic Wire reports that the connections between Tokyo Electric Power Company (TEPCO) and the yakuza, or Japanese mafia, go much deeper than just the recruiting of laborers desparate enough to take jobs in Fukushima Daiichi's hazardous radiation fields. Commenting on the desparation of taking a job at Fukushima Daiichi, a yakuza explained it as "folk wisdom": “When a man has to survive doing something, it’s the nuclear industry; for a woman, it’s the sex industry.”

The article quotes a Japanese federal senator: "TEPCO's involvement with anti-social forces and their inability to filter them out of the work-place is a national security issue. It is one reason that increasingly in the Diet we are talking de facto nationalization of the company. Nuclear energy shouldn't be in the hands of the yakuza. They're gamblers and an intelligent person doesn't want them to have atomic dice to play with." The senator added: “The primary difference between TEPCO and the yakuza is they have different corporate logos...They both are essentially criminal organizations that place profits above the safety and welfare of the residents where they operate; they both exploit their workers. On the other hand, the yakuza may care more about what happens where they operate because many of them live there. For Tokyo Electric Power Company, Fukushima is just the equivalent of a parking lot.”