Category: Corruption

Warren Increases the Pain Factor for Choosing Corporate-Friendly Democrats

Unofficial _Sources

Sep. 8 2015, 4:11 p.m.

A little-noticed report on candidates for an open spot on the Securities and Exchange Commission (SEC) reaffirms that the reformist wing of the Democratic Party is winning the tactical battle over financial regulatory personnel.

Luis Aguilar, one of three Democratic SEC commissioners on the five-member panel, announced he would step down in May. Initially, the White House floated as a replacement Keir Gumbs, who has passed through the revolving door, from SEC staff to the white-collar corporate law firm Covington & Burling.

Covington & Burling counts most major U.S. banks among its clients, and is the home of former Attorney General Eric Holder and several of his top deputies. While at Covington, Gumbs allegedly gave CEOs tutorials on how to avoid disclosing their corporate political spending. He also represented the American Petroleum Institute before the SEC.


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End Of The American Dream

The American Dream Is Becoming A Nightmare And Life As We Know It Is About To Change

Puzzle Last Piece - Public Domain


One of the biggest steps toward a one world government that we have ever seen is happening this week, and yet barely anyone is even talking about it.  In fact, it is even being called a “new universal Agenda” for humanity.  Those are not my words – those are the words that the United Nations is using.  If you don’t believe this, just go look at the official document for this new UN agenda.  You won’t have to read very far.  The phrase “new universal Agenda” is right near the end of the preamble.  Officially, the name of this ambitious new program is “the 2030 Agenda“, and it is being hyped as a way to get the whole world to work together to make life better for all of us.  And a lot of the goals of this new agenda are very admirable.  For example, who wouldn’t want to end global poverty?  But as you look deeper into what the UN is trying to do, you find some very disturbing things.

If you didn’t like Agenda 21, then you really are not going to like the 2030 Agenda, because the 2030 Agenda takes things to an entirely new level.  Agenda 21 was primarily focused on climate change and the environment, but the 2030 Agenda goes far beyond that.  As I have noted previously, the 2030 Agenda addresses economics, agriculture, education, gender equality, healthcare and a whole host of other issues.  It has been argued that there are very few forms of human activity that do not fall under the goals of the 2030 Agenda in one way or another.

The UN says that this new Agenda is “voluntary”, and yet virtually every single nation on the entire planet is willingly signing up for it.  In the official document that all of these nations are agreeing to, there are 17 sustainable development goals and 169 very specific sustainable development targets.  You can read them for yourself right here.


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By September 25, 2015

Eisenhower-2Jake Anderson, Anti Media
Waking Times

For decades, extreme ideologies on both the left and the right have clashed over the conspiratorial concept of a shadowy secret government pulling the strings on the world’s heads of state and captains of industry.

The phrase New World Order is largely derided as a sophomoric conspiracy theory entertained by minds that lack the sophistication necessary to understand the nuances of geopolitics. But it turns out the core idea — one of deep and overarching collusion between Wall Street and government with a globalist agenda — is operational in what a number of insiders call the “Deep State.”

In the past couple of years, the term has gained traction across a wide swath of ideologies. Former Republican congressional aide Mike Lofgren says it is the nexus of Wall Street and the national security state — a relationship where elected and unelected figures join forces to consolidate power and serve vested interests. Calling it “the big story of our time,”Lofgren says the deep state represents the failure of our visible constitutional government and the cross-fertilization of corporatism with the globalist war on terror.

“It is a hybrid of national security and law enforcement agencies: the Department of Defense, the Department of State, the Department of Homeland Security, the Central Intelligence Agency and the Justice Department. I also include the Department of the Treasury because of its jurisdiction over financial flows, its enforcement of international sanctions and its organic symbiosis with Wall Street,” he explained.

Even parts of the judiciary, namely the Foreign Intelligence Surveillance Court, belong to the deep state.

How does the deep state operate?

A complex web of revolving doors between the military-industrial-complex, Wall Street,  and Silicon Valley consolidates the interests of defense contracts, banksters, military actions, and both foreign and domestic surveillance intelligence.

According to Mike Lofgren and many other insiders, this is not a conspiracy theory. The deep state hides in plain sight and goes far beyond the military-industrial complex President Dwight D. Eisenhower warned about in his farewell speech over fifty years ago.


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Time to Trade in Your Jag, Benz, BMW for a Dented Econobox: Days of Rage Are Coming

The resistance will take the form of subverting the signifiers of wealth that exemplify the few who have benefited so greatly while everyone else lost ground.
It’s time to trade in your Jag, Mercedes, BMW (and maybe your Prius, Volvo, Lexus, etc.) before the Days of Rage start. As I’ve explained before ( As the “Prosperity” Tide Recedes, the Ugly Reality of Wealth Inequality Is Exposed), the rage of the masses who have been losing ground while the Financier Oligarchs, the New Nobility and the technocrat class reap immense gains for decades has been suppressed by the dream that they too could join the Upper Caste.
But once the realistic odds of that happening (low) sink in, the Days of Rage will begin. For those still who don’t know the facts of rising inequality, here’s what you need to know.
The top 1% skim 23% of all income:
While the top 5% has enjoyed substantial income gains over the past 45 years, adjusted for inflation, the bottom 90% have lost ground:
The last time there was mass unrest in America was the civil rights/Vietnam War era. The power of the civil rights movement arose from the core injustice of segregation (separate and unequal) and institutionalized racism/bias. This institutionalized injustice drew people from all classes and ethnicities into the streets, where they were promptly beaten by police.

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The Rutherford Institute

The Crisis of the Now: Distracted and Diverted from the Ever-Encroaching Police State

By John W. Whitehead
September 22, 2015

“When a population becomes distracted by trivia, when cultural life is redefined as a perpetual round of entertainments, when serious public conversation becomes a form of baby talk, when, in short, a people become an audience and their public business a vaudeville act, then a nation finds itself at risk: culture-death is a clear possibility.”—Author Neil Postman

Caught up in the spectacle of the forthcoming 2016 presidential elections, Americans (never very good when it comes to long-term memory) have not only largely forgotten last year’s hullabaloo over militarized police, police shootings of unarmed citizens, asset forfeiture schemes, and government surveillance but are also generally foggy about everything that has happened since.

Then again, so much is happening on a daily basis that it’s understandable if the average American has a hard time keeping up with and remembering all of the “events,” manufactured or otherwise, which occur like clockwork and keep us distracted, deluded, amused, and insulated from reality while the government continues to amass more power and authority over the citizenry.

In fact, when we’re being bombarded with wall-to-wall news coverage and news cycles that change every few days, it’s difficult to stay focused on one thing—namely, holding the government accountable to abiding by the rule of law—and the powers-that-be understand this. As investigative journalist Mike Adams points out:

This psychological bombardment is waged primarily via the mainstream media which assaults the viewer by the hour with images of violence, war, emotions and conflict. Because the human nervous system is hard wired to focus on immediate threats accompanied by depictions of violence, mainstream media viewers have their attention and mental resources funneled into the never-ending ‘crisis of the NOW’ from which they can never have the mental breathing room to apply logic, reason or historical context.

Consider if you will the regularly scheduled trivia and/or distractions in the past year alone that have kept us tuned into the various breaking news headlines and entertainment spectacles and tuned out to the government’s steady encroachments on our freedoms:

Americans were riveted when the Republican presidential contenders went head-to-head for the second time in a three-hour debate that put Carly Fiorina in a favored position behind Donald Trump; Hillary Clinton presented the softer side of her campaign image during an appearance on The Tonight Show with Jimmy Fallon; scientists announced the discovery of what they believed to be a new pre-human species, Homo naledi, that existed 2.8 million years ago; an 8.3 magnitude earthquake hit Chile; massive wildfires burned through 73,000 acres in California; a district court judge reversed NFL player Tom Brady’s four-game suspension; tennis superstar Serena Williams lost her chance at a calendar grand slam; and President Obama and Facebook mogul Mark Zuckerberg tweeted their support for a Texas student arrested for bringing a homemade clock to school.

That was preceded by the first round of the Republican presidential debates; an immigration crisis in Europe; the relaxing of Cuba-U.S. relations; the first two women soldiers graduating from Army Ranger course; and three Americans being hailed as heroes for thwarting a train attack in France. Before that, there was the removal of the Confederate flag from the South Carolina statehouse; shootings at a military recruiting center in Tennessee and a movie theater in Louisiana; the Boy Scouts’ decision to end its ban on gay adult leaders; the first images sent by the New Horizons spacecraft of Pluto; and the victory over Japan of the U.S. in the Women’s World Cup soccer finals.


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A diagram showing the organization of the Federal Reserve System


An Irredeemably Bad Deal

Obama, Geithner and the Missing Six Trillion Dollars


Timothy Geithner, President Barack Obama’s first Treasury Secretary and chief architect of many of the various and sundry bank bailouts and associated programs carried out during Mr. Obama’s first term in office, recently wrote a book telling his side of ‘the story.’ To be clear, I haven’t read the book and have no intention of doing so. Life is short and the relevant side of the story, the economic consequences of Mr. Geithner’s policies, is the one of interest here. The prevailing storyline in the banker’s ghettoes of New York and London is of an indispensable and functioning financial system saved and a second Great Depression averted through Mr. Geithner’s necessary but unpopular programs to transfer public resources to nominally private corporations— Wall Street banks, in order to save them. Implied is that the travails Wall Street faced in 2008 – 2009 were the result of ‘natural’ forces and that its restoration is substantially related to restoration of ‘the economy.’ Mainstream economists have put forward variations on this latter claim through repeated assertion that ‘the economy,’ as measured by GDP (Gross Domestic Product) and the official unemployment rate, has ‘recovered’ to pre-recession levels.


Graph (1): Contrary to the view on Wall Street and within the Western economic establishment restoration of Wall Street has not ‘fixed’ the economy. The policies of Mr. Geithner, the Obama administration and the Federal Reserve have ‘fixed’ profits, compensation and bonuses for Wall Street. The drop in median income is evidence of ongoing economic Depression for most citizens of the West. Assertions to the contrary by Mr. Geithner, the Obama administration and the ‘eternal sunshine of the spotless mind’ crowd of Western economists are evidence of whose interests they represent. Apparent in the recovery of financial profits without a recovery in household incomes is that Wall Street doesn’t need a functioning economy to earn ‘profits.’



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The Fed Is The Great Deceiver — Paul Craig Roberts and Dave Kranzler


Paul Craig Roberts and Dave Kranzler

Is the Fed “tapering”? Did the Fed really cut its bond purchases during the three month period November 2013 through January 2014? Apparently not if foreign holders of Treasuries are unloading them.

From November 2013 through January 2014 Belgium with a GDP of $480 billion purchased $141.2 billion of US Treasury bonds. Somehow Belgium came up with enough money to allocate during a 3-month period 29 percent of its annual GDP to the purchase of US Treasury bonds.

Certainly Belgium did not have a budget surplus of $141.2 billion. Was Belgium running a trade surplus during a 3-month period equal to 29 percent of Belgium GDP?

No, Belgium’s trade and current accounts are in deficit.

Did Belgium’s central bank print $141.2 billion worth of euros in order to make the purchase?

No, Belgium is a member of the euro system, and its central bank cannot increase the money supply.

So where did the $141.2 billion come from?

There is only one source. The money came from the US Federal Reserve, and the purchase was laundered through Belgium in order to hide the fact that actual Federal Reserve bond purchases during November 2013 through January 2014 were $112 billion per month.

In other words, during those 3 months there was a sharp rise in bond purchases by the Fed. The Fed’s actual bond purchases for those three months are $27 billion per month above the original $85 billion monthly purchase and $47 billion above the official $65 billion monthly purchase at that time. (In March 2014, official QE was tapered to $55 billion per month and to $45 billion for May.)

Why did the Federal Reserve have to purchase so many bonds above the announced amounts and why did the Fed have to launder and hide the purchase?

Some country or countries, unknown at this time, for reasons we do not know dumped $104 billion in Treasuries in one week.


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US attorney general says banks under investigation not ‘too big to jail’

Eric Holder announced in video address that Justice Department pursuing criminal investigations of financial institutions

Eric Holder
While Holder did not name any banks, he said he is personally monitoring the ongoing investigations into financial institutions. Photo: Matt Rourke /AP

The US Justice Department is pursuing criminal investigations of financial institutions that could result in action in the coming weeks and months, US attorney general Eric Holder said in a video, adding that no company was “too big to jail.”

The comments, made in a video posted on the Justice Department’s website on Monday, came as federal prosecutors push two banks, BNP Paribas SA and Credit Suisse AG , to plead guilty to criminal charges to resolve investigations into sanctions and tax violations, respectively, according to people familiar with the probes.

While Holder did not name any banks, he said he is personally monitoring the ongoing investigations into financial institutions and is “resolved to seeing them through.”

“I intend to reaffirm the principle that no individual or entity that does harm to our economy is ever above the law,” Holder said in the video. “There is no such thing as ‘too big to jail.'”

French bank BNP Paribas warned last week it faces fines from US authorities in excess of $1.1bn over allegations that it violated US sanctions against Iran and other countries.

The Swiss finance minister met Holder on Friday to discuss a US probe into Swiss banks that allegedly helped Americans evade US taxes, which includes Credit Suisse.

While units of financial institutions have agreed to plead guilty to breaking US criminal laws, such agreements have usually involved foreign subsidiaries who have little contact with US regulators.

Japanese units of UBS AG and Royal Bank of Scotland plc, for example, pleaded guilty in the past two years to resolve criminal charges that their traders manipulated the Libor benchmark interest rate.

A criminal conviction of an entity regulated in the United States could lead authorities to potentially revoke a charter or undertake other punitive measures.


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Wall Street On Parade

Suspicious Deaths of Bankers Are Now Classified as “Trade Secrets” by Federal Regulator

By Pam Martens and Russ Martens: April 28, 2014

It doesn’t get any more Orwellian than this: Wall Street mega banks crash the U.S. financial system in 2008. Hundreds of thousands of financial industry workers lose their jobs. Then, beginning late last year, a rash of suspicious deaths start to occur among current and former bank employees.  Next we learn that four of the Wall Street mega banks likely hold over $680 billion face amount of life insurance on their workers, payable to the banks, not the families. We ask their Federal regulator for the details of this life insurance under a Freedom of Information Act request and we’re told the information constitutes “trade secrets.”

According to the Centers for Disease Control and Prevention, the life expectancy of a 25 year old male with a Bachelor’s degree or higher as of 2006 was 81 years of age. But in the past five months, five highly educated JPMorgan male employees in their 30s and one former employee aged 28, have died under suspicious circumstances, including three of whom allegedly leaped off buildings – a statistical rarity even during the height of the financial crisis in 2008.

There is one other major obstacle to brushing away these deaths as random occurrences – they are not happening at JPMorgan’s closest peer bank – Citigroup. Both JPMorgan and Citigroup are global financial institutions with both commercial banking and investment banking operations. Their employee counts are similar – 260,000 employees for JPMorgan versus 251,000 for Citigroup.

Both JPMorgan and Citigroup also own massive amounts of bank-owned life insurance (BOLI), a controversial practice that pays the corporation when a current or former employee dies. (In the case of former employees, the banks conduct regular “death sweeps” of public records using former employees’ Social Security numbers to learn if a former employee has died and then submits a request for payment of the death benefit to the insurance company.)

Wall Street On Parade carefully researched public death announcements over the past 12 months which named the decedent as a current or former employee of Citigroup or its commercial banking unit, Citibank. We found no data suggesting Citigroup was experiencing the same rash of deaths of young men in their 30s as JPMorgan Chase. Nor did we discover any press reports of leaps from buildings among Citigroup’s workers.

Given the above set of facts, on March 21 of this year, we wrote to the regulator of national banks, the Office of the Comptroller of the Currency (OCC), seeking the following information under the Freedom of Information Act (See OCC Response to Wall Street On Parade’s Request for Banker Death Information):

The number of deaths from 2008 through March 21, 2014 on which JPMorgan Chase collected death benefits; the total face amount of BOLI life insurance in force at JPMorgan; the total number of former and current employees of JPMorgan Chase who are insured under these policies; any peer studies showing the same data comparing JPMorgan Chase with Bank of America, Wells Fargo and Citigroup.

The OCC responded politely by letter dated April 18, after first calling a few days earlier to inform us that we would be getting nothing under the sunshine law request. (On Wall Street, sunshine routinely means dark curtain.) The OCC letter advised that documents relevant to our request were being withheld on the basis that they are “privileged or contains trade secrets, or commercial or financial information, furnished in confidence, that relates to the business, personal, or financial affairs of any person,” or  relate to “a record contained in or related to an examination.”

The ironic reality is that the documents do not pertain to the personal financial affairs of individuals who have a privacy right. Individuals are not going to receive the proceeds of this life insurance for the most part. In many cases, they do not even know that multi-million dollar policies that pay upon their death have been taken out by their employer or former employer. Equally important, JPMorgan is a publicly traded company whose shareholders have a right under securities laws to understand the quality of its earnings – are those earnings coming from traditional banking and investment banking operations or is this ghoulish practice of profiting from the death of workers now a major contributor to profits on Wall Street?

As it turns out, one aspect of the information cavalierly denied to us by the OCC is publicly available to those willing to hunt for it. On March 24 of this year, we reported that JPMorgan Chase held $10.4 billion in BOLI assets at its insured depository bank as of December 31, 2013.

We reached out to BOLI expert, Michael D. Myers, to understand what JPMorgan’s $10.4 billion in BOLI assets at its commercial bank might represent in terms of face amount of life insurance on its workers. Myers said: “Without knowing the length of the investment or its rate of return, it is difficult to estimate the face amount of the insurance coverage.  However, a cash value of $10.4 billion could easily translate into more than $100 billion in actual insurance coverage and possibly two or three times that amount” said Myers, a partner in the Houston, Texas law firm McClanahan Myers Espey, L.L.P.


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Insurance policies pertaining to bankers’ suicides classified as containing ‘trade secrets’

Published time: April 29, 2014 19:09

AFP Photo / John Moore

AFP Photo / John Moore

After a recent rash of mysterious apparent suicides shook the financial world, researchers are scrambling to find answers about what really is the reason behind these multiple deaths. Some observers have now come to a rather shocking conclusion.

Wall Street on Parade bloggers Pam and Russ Martens wrote this week that something seems awry regarding the bank-owned life insurance (BOLI) policies held by JPMorgan Chase. Traditional life insurance policies ensure that the loved ones of the deceased are compensated fairly in the event of a death, but banks are investing billions in policies that let them receive untaxed payment with the passing of each employee. While it’s not unusual for major banks to take out policies that compensate companies in the event of an employee death, the Martens wrote, attempts to find out more about that practice have been peculiarly hard and have raised a red flag among bloggers like those at Wall Street on Parade.

Four of the biggest banks on Wall Street combined hold over $680 billion in BOLI policies, the bloggers reported, but JPMorgan held around $17.9 billion in BOLI assets at the end of last year to Citigroup’s comparably meager $8.8 billion.

Both banks are global financial institutions with commercial and investment banking operations, the Martens wrote, and each employs close to a quarter-of-a-million employees. Nevertheless, they say that JPMorgan has experienced a far greater rate of suicide among employees in recent months, particularly in the midst of a series of news reports documenting unusual leaps off buildings and other bizarre deaths that have taken the lives of JPMorgan staffers.


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Senators Seek To Force Approval Of Keystone XL Pipeline

Posted: 05/01/2014 4:10 pm EDT Updated: 05/01/2014 4:59 pm EDT



WASHINGTON –- Senate supporters of the Keystone XL pipeline say they think they have enough votes to pass a bill that would force the approval of the controversial project. A group of 56 senators — all 45 Republicans plus 11 Democrats –- introduced legislation on Thursday that would bypass the Obama administration and grant approval for the pipeline.

Sens. John Hoeven (R-N.D.) and Mary Landrieu (D-La.) introduced the bill on Thursday. Democrats Heidi Heitkamp (D-N.D.), Mark Begich (D-Alaska), Mark Pryor (D-Ark.), Joe Manchin (D-W.Va.), Joe Donnelly (D-Ind.), Claire McCaskill (D-Mo.), Mark Warner (D-Va.), Jon Tester (D-Mont.), John Walsh (D-Mont.), and Kay Hagan (D-N.C.) are cosponsoring it.

Because it crosses an international border, the decision on the pipeline falls under the authority of the State Department. The State Department announced another delay on a decision last month in response to a court decision that invalidated the pipeline’s proposed route through Nebraska, saying that it would wait to decide until there is more clarity on where the pipeline will ultimately run. The legislation would grant approval to “any subsequent revision to the pipeline route” in Nebraska, without requiring further environmental analysis.

“We continue to hear delay, delay, delay from the Administration about the Keystone XL pipeline. I’m beyond sick of it,” Heitkamp said in a statement Thursday. “We have strong bipartisan support in the Senate for this project –- and I’m proud to have recruited support from 10 other Democrats last month. Now, all of those Democrats also signed onto this bill that we crafted to fully approve the construction of the Keystone pipeline. If the Administration isn’t going to make a decision on this project after more than five years, then we’ll make it for them. End of story.”


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“The government and the media say the radiation has been cleaned up, but it’s all lies,” said Miyakoji villager Kim Eunja, with her husband, Satoshi Mizuochi. Credit Ko Sasaki for The New York Times


MIYAKOJI, Japan — Ever since they were forced to evacuate during the accident at the Fukushima Daiichi nuclear plant three years ago, Kim Eunja and her husband have refused to return to their hilltop home amid the majestic mountains of this rural village for fear of radiation.

But now they say they may have no choice. After a nearly $250 million radiation cleanup here, the central government this month declared Miyakoji the first community within a 12-mile evacuation zone around the plant to be reopened to residents. The decision will bring an end to the monthly stipends from the plant’s operator that have allowed Ms. Kim to relocate to an apartment in a city an hour away.

“The government and the media say the radiation has been cleaned up, but it’s all lies,” said Ms. Kim, 55, who is from South Korea, and who with her Japanese husband runs a small Korean restaurant outside Miyakoji. “I want to run away, but I cannot. We have no more money.”

She is not the only one. While the central government and national news media have trumpeted the reopening of Miyakoji as a happy milestone in Japan’s recovery from the devastating March 2011 accident, many residents tell a darker story. They insist their homes remain too dangerous or too damaged to inhabit and that they have not received enough financial compensation to allow them to start anew somewhere else.


Yoshikuni Munakata works to repair his home, which was abandoned for three years after the accident at the Fukushima Daiichi nuclear plant. Credit Ko Sasaki for The New York Times

They criticize the plant’s operator, Tokyo Electric Power Co., or Tepco, for failing to reimburse them for the value of their homes, usually their family’s largest financial asset. Depending on where they lived, they say they have received amounts from half the preaccident value to just $3,000, a tiny fraction of the original value of their homes.

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Japan’s government deceives evacuees to return before radiation readings disclosed

flag-japanRadiation study on evacuation zones kept undisclosed for 6 month The  government kept undisclosed for six months a report on an individual radiation dose study in areas around the crisis-hit Fukushima Daiichi nuclear power plant, including a district recently released from an evacuation order.

The study, covering the city of Tamura and the villages of Kawauchi and Iitate, showed that the radiation level in many areas is still beyond 1 millisievert per year — a level the government is seeking to achieve at contaminated lands in the long term.

The government lifted an evacuation order imposed on the Miyakoji district in Tamura on April 1, but the content of the interim report, compiled in October, was not conveyed to the citizens or the local governments before the action was taken.

The government explained the content to local governments later, while the report was posted on the website of the Ministry of Economy, Trade and Industry on Monday. It also plans to release a final report on Friday. A government team tasked with supporting people affected by the crisis said it did not initially plan to release the interim report but decided to make it public because of the “high attention among residents.”

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The Japan Times

Fukushima radiation report secret for six months

Dose study kept from returnees


The government kept a report about a study of individual radiation doses around the Fukushima No. 1 nuclear plant — including an area recently released from an evacuation order — under wraps for six months.

The study, which covered the city of Tamura and the villages of Kawauchi and Iitate, showed that the radiation in many areas is still over 1 millisievert per year — a level the government is looking to achieve in the long term.

The government lifted an evacuation order on the Miyakoji district in Tamura on April 1, but the content of the interim report, compiled in October, was not conveyed to its citizens or local governments before the action was taken.

Skepticism about the government’s disclosure habits concerning radiation levels from the Fukushima crisis has been growing, and the latest incident is likely to amplify public health concerns.

The government explained the content to local governments later, and the report was posted on the website of the Ministry of Economy, Trade and Industry on Monday. It also plans to release a final report on Friday.

A government team tasked with supporting people affected by the crisis said it did not initially plan to release the interim report but decided to make it public because of the “high attention among residents.”


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