EXTRa: WaLL STReeT iN NeW PaNiC!

The Wall Street Journal:We've Become a Nation of Takers, Not MakersMore Americans work for the government than in manufacturing, farming, fishing, forestry, mining and utilities combinedIf you want to understand better why so many states—from New York to Wisconsin to California—are teetering on the brink of bankruptcy, consider this depressing statistic: Today in America there are nearly twice as many people working for the government (22.5 million) than in all of manufacturing (11.5 million). This is an almost exact reversal of the situation in 1960, when there were 15 million workers in manufacturing and 8.7 million collecting a paycheck from the government.

It gets worse. More Americans work for the government than work in construction, farming, fishing, forestry, manufacturing, mining and utilities combined. We have moved decisively from a nation of makers to a nation of takers. Nearly half of the $2.2 trillion cost of state and local governments is the $1 trillion-a-year tab for pay and benefits of state and local employees. Is it any wonder that so many states and cities cannot pay their bills?

Every state in America today except for two—Indiana and Wisconsin—has more government workers on the payroll than people manufacturing industrial goods. Consider California, which has the highest budget deficit in the history of the states. The not-so Golden State now has an incredible 2.4 million government employees—twice as many as people at work in manufacturing. New Jersey has just under two-and-a-half as many government employees as manufacturers. Florida's ratio is more than 3 to 1. So is New York's.

Even Michigan, at one time the auto capital of the world, and Pennsylvania, once the steel capital, have more government bureaucrats than people making things. The leaders in government hiring are Wyoming and New Mexico, which have hired more than six government workers for every manufacturing worker.

Now it is certainly true that many states have not typically been home to traditional manufacturing operations. Iowa and Nebraska are farm states, for example. But in those states, there are at least five times more government workers than farmers. West Virginia is the mining capital of the world, yet it has at least three times more government workers than miners. New York is the financial capital of the world—at least for now. That sector employs roughly 670,000 New Yorkers. That's less than half of the state's 1.48 million government employees.

Don't expect a reversal of this trend anytime soon. Surveys of college graduates are finding that more and more of our top minds want to work for the government. Why? Because in recent years only government agencies have been hiring, and because the offer of near lifetime security is highly valued in these times of economic turbulence. When 23-year-olds aren't willing to take career risks, we have a real problem on our hands. Sadly, we could end up with a generation of Americans who want to work at the Department of Motor Vehicles.

The employment trends described here are explained in part by hugely beneficial productivity improvements in such traditional industries as farming, manufacturing, financial services and telecommunications. These produce far more output per worker than in the past. The typical farmer, for example, is today at least three times more productive than in 1950.

Where are the productivity gains in government? Consider a core function of state and local governments: schools. Over the period 1970-2005, school spending per pupil, adjusted for inflation, doubled, while standardized achievement test scores were flat. Over roughly that same time period, public-school employment doubled per student, according to a study by researchers at the University of Washington. That is what economists call negative productivity.

But education is an industry where we measure performance backwards: We gauge school performance not by outputs, but by inputs. If quality falls, we say we didn't pay teachers enough or we need smaller class sizes or newer schools. If education had undergone the same productivity revolution that manufacturing has, we would have half as many educators, smaller school budgets, and higher graduation rates and test scores.

The same is true of almost all other government services. Mass transit spends more and more every year and yet a much smaller share of Americans use trains and buses today than in past decades. One way that private companies spur productivity is by firing underperforming employees and rewarding excellence. In government employment, tenure for teachers and near lifetime employment for other civil servants shields workers from this basic system of reward and punishment. It is a system that breeds mediocrity, which is what we've gotten.

Most reasonable steps to restrain public-sector employment costs are smothered by the unions. Study after study has shown that states and cities could shave 20% to 40% off the cost of many services—fire fighting, public transportation, garbage collection, administrative functions, even prison operations—through competitive contracting to private providers. But unions have blocked many of those efforts. Public employees maintain that they are underpaid relative to equally qualified private-sector workers, yet they are deathly afraid of competitive bidding for government services.

President Obama says we have to retool our economy to "win the future." The only way to do that is to grow the economy that makes things, not the sector that takes things.

View the original article here

EXTRa: WaLL STReeT iN NeW PaNiC!

The Wall Street Journal:We've Become a Nation of Takers, Not MakersMore Americans work for the government than in manufacturing, farming, fishing, forestry, mining and utilities combinedIf you want to understand better why so many states—from New York to Wisconsin to California—are teetering on the brink of bankruptcy, consider this depressing statistic: Today in America there are nearly twice as many people working for the government (22.5 million) than in all of manufacturing (11.5 million). This is an almost exact reversal of the situation in 1960, when there were 15 million workers in manufacturing and 8.7 million collecting a paycheck from the government.

It gets worse. More Americans work for the government than work in construction, farming, fishing, forestry, manufacturing, mining and utilities combined. We have moved decisively from a nation of makers to a nation of takers. Nearly half of the $2.2 trillion cost of state and local governments is the $1 trillion-a-year tab for pay and benefits of state and local employees. Is it any wonder that so many states and cities cannot pay their bills?

Every state in America today except for two—Indiana and Wisconsin—has more government workers on the payroll than people manufacturing industrial goods. Consider California, which has the highest budget deficit in the history of the states. The not-so Golden State now has an incredible 2.4 million government employees—twice as many as people at work in manufacturing. New Jersey has just under two-and-a-half as many government employees as manufacturers. Florida's ratio is more than 3 to 1. So is New York's.

Even Michigan, at one time the auto capital of the world, and Pennsylvania, once the steel capital, have more government bureaucrats than people making things. The leaders in government hiring are Wyoming and New Mexico, which have hired more than six government workers for every manufacturing worker.

Now it is certainly true that many states have not typically been home to traditional manufacturing operations. Iowa and Nebraska are farm states, for example. But in those states, there are at least five times more government workers than farmers. West Virginia is the mining capital of the world, yet it has at least three times more government workers than miners. New York is the financial capital of the world—at least for now. That sector employs roughly 670,000 New Yorkers. That's less than half of the state's 1.48 million government employees.

Don't expect a reversal of this trend anytime soon. Surveys of college graduates are finding that more and more of our top minds want to work for the government. Why? Because in recent years only government agencies have been hiring, and because the offer of near lifetime security is highly valued in these times of economic turbulence. When 23-year-olds aren't willing to take career risks, we have a real problem on our hands. Sadly, we could end up with a generation of Americans who want to work at the Department of Motor Vehicles.

The employment trends described here are explained in part by hugely beneficial productivity improvements in such traditional industries as farming, manufacturing, financial services and telecommunications. These produce far more output per worker than in the past. The typical farmer, for example, is today at least three times more productive than in 1950.

Where are the productivity gains in government? Consider a core function of state and local governments: schools. Over the period 1970-2005, school spending per pupil, adjusted for inflation, doubled, while standardized achievement test scores were flat. Over roughly that same time period, public-school employment doubled per student, according to a study by researchers at the University of Washington. That is what economists call negative productivity.

But education is an industry where we measure performance backwards: We gauge school performance not by outputs, but by inputs. If quality falls, we say we didn't pay teachers enough or we need smaller class sizes or newer schools. If education had undergone the same productivity revolution that manufacturing has, we would have half as many educators, smaller school budgets, and higher graduation rates and test scores.

The same is true of almost all other government services. Mass transit spends more and more every year and yet a much smaller share of Americans use trains and buses today than in past decades. One way that private companies spur productivity is by firing underperforming employees and rewarding excellence. In government employment, tenure for teachers and near lifetime employment for other civil servants shields workers from this basic system of reward and punishment. It is a system that breeds mediocrity, which is what we've gotten.

Most reasonable steps to restrain public-sector employment costs are smothered by the unions. Study after study has shown that states and cities could shave 20% to 40% off the cost of many services—fire fighting, public transportation, garbage collection, administrative functions, even prison operations—through competitive contracting to private providers. But unions have blocked many of those efforts. Public employees maintain that they are underpaid relative to equally qualified private-sector workers, yet they are deathly afraid of competitive bidding for government services.

President Obama says we have to retool our economy to "win the future." The only way to do that is to grow the economy that makes things, not the sector that takes things.

View the original article here

The negligent promotion of nuclear panic

New York Daily News - March 16th, 2011

It pains me to see large parts of the media still hyperventilating over the very modest amounts of radioactive material coming from the Fukushima Daiichi plant on the east coast of Japan.

Nothing has been made more plain that most journalists and editors have no ability to evaluate risk, especially when it comes to radioactive measurements in very unfamiliar units (millisieverts anyone?). Everything they appear to know about radioactivity appears to come from poorly understood science reports and 1950s era B-movies.

You wouldn’t know from the coverage that that very same reactor survived a truly massive earthquake and a towering tsunami with barely a scratch even though it was built around 40 years ago in the expectation of surviving much lesser events.

You wouldn’t know that Japanese people are struggling to survive in the bitter cold, while coming to terms with the loss of family members, friends and entire neighbourhoods. You won’t hear that some survivors are being housed in other nuclear plants, everything else having been washed away.

Witness the BBC reporting today:

Japan nuclear plant: Radioactivity rises in sea nearby

The BBC’s Chris Hogg in Tokyo says the Japanese government has tried to reassure people about the plant’s safety

Levels of radioactive iodine in the sea near the tsunami-stricken Fukushima nuclear plant are 1,250 times higher than the safety limit, officials say.

The readings were taken about 300m (984ft) offshore. It is feared the radiation could be seeping into groundwater from one of the reactors.

But the radiation will no longer be a risk after eight days, officials say.

There are areas of radioactive water in four of the reactors at the plant, and two workers are in hospital.

The plant’s operator says the core of one of the six reactors may have been damaged.

It has announced that fresh water rather than seawater will now be used to cool the damaged reactors, in the hope that this will be more effective.

Why eight days? Because that’s the half-life of radioactive iodine. But that’s not what you find out from the BBC.

What of those two workers in hospital? Sounds serious doesn’t it?

Not all of the media are so poorly informed. The Register’s Louis Page has produced some well-researched articles which go a long way to explaining what is really happening:

The situation at the quake- and tsunami-stricken Fukushima Daiichi nuclear powerplant in Japan was brought under control days ago. It remains the case as this is written that there have been no measurable radiological health consequences among workers at the plant or anybody else, and all indications are that this will remain the case. And yet media outlets around the world continue with desperate, increasingly hysterical and unscrupulous attempts to frame the situation as a crisis.

Here’s a roundup of the latest facts, accompanied by highlights of the most egregious misreporting.

First up, three technicians working to restore electrical power in the plant’s No 3 reactor building stood in some water while doing so. Their personal dosimetry equipment later showed that they had sustained radiation doses up to 170 millisievert. Under normal rules when dealing with nuclear powerplant incidents, workers at the site are permitted to sustain up to 250 millisievert before being withdrawn. If necessary, this can be extended to 500 millisievert according to World Health Organisation guidance.

None of this involves significant health hazards: actual radiation sickness is not normally seen until a dose of 1,000 millisievert and is not common until 2,000. Additional cancer risk is tiny: huge numbers of people must be subjected to such doses in order to see any measurable health consequences. In decades to come, future investigators will almost certainly be unable to attribute any cases of cancer to service at Fukushima.

Nonetheless, in the hyper-cautious nuclear industry, any dose over 100 millisievert is likely to cause bosses to pull people out at least temporarily. Furthermore, the three workers had sustained slight burns to their legs as a result of standing in the radioactive water – much as one will burn one’s skin by exposing it to the rays of the sun (a tremendously powerful nuclear furnace). They didn’t even notice these burns until after completing their work. Just to be sure, however, the three were sent for medical checks.

So – basically nothing happened. Three people sustained injuries equivalent to a mild case of sunburn. But this was reported around the globe as front-page news under headlines such as “Japanese Workers Hospitalized for Excessive Radiation Exposure”. Just to reiterate: it was not excessive.

The entire article is well worth reading

But panic sells (as readers of WUWT are well aware), and sober analysis of scientific fact is nowhere near as exciting or is likely to spread like wildfire across the Internet.

No-one will die from radiation from Fukushima. No-one will mutate or develop super-powers. Godzilla will not rise from the sea and destroy Tokyo, except in cinemas.

It’s my view that the world deserves better than this. The real plight of the Japanese survivors of the earthquake and tsunami is being forgotten in the service of a bizarre fear about radiation that is more science fiction than science fact.

View the original article here

UPDATE: New Maps; Radiation in Perspective; Tokyo Faces Fallout; US Under Threat; Live Gieger Counter; Financial Panic

UPDATE: March 15, 2011 11:45 CST

…Japanese stock market down 2000 points in less than a week.

…World financial markets in panic – commodities, stocks, precious metals all down significantly in single day trading

…situation in Japan is escalating

…Over half a million evacuated. Prime Minister of Japan urges residents within 19 miles of reactors to flee or bug in

…Princeton Physicist: “It’s way past Three Mile Island already.”

…Tokyo radiation levels rising (200 miles from reactor site)… Live Geiger Counter

…Radiation levels around Japanese cities in real time (Link) *Note, due to an extremely large volume of traffic, this web site may not be accessible.*

…Secondary source: Latest real-time radiation level screen capture (source):

…While earlier posted fallout map showed innaccurate “RAD” level count, wind patterns remain intact… Radiation set to cross Pacific

…Nuclear Regulatory Commission spokesman David McIntyre: “Right now it’s quite possible that there could be some radiation floating over the United States“

…Radiation threatens California agricultural region (Map)

…Perspective on Radiation Levels:

Here’s a chart showing the range of radiation levels in milli sieverts (mSv). Currently up to 400mSv per hour are being recorded in the immediate vicinity of Fukushima. Remember, although these figures may suggest that the level of radiation being recorded at Fukushima is not extremely high, the danger is constant exposure over a period of time. For this reason, people within the 20km evacuation zone are at high risk of serious harm.

7,000-10,000mSv – Person dies from radiation poisoning. (Full body exposure).
1,000mSv – Nausea and vomiting (Full body exposure).
500mSv – Decrease of lymphocytes in peripheral blood (white blood cells that defend your body) (Full body exposure).
200mSv – No clinical conditions confirmed below this number
10mSv – 1 year’s worth of natural radiation (Brazil)
6.9mSv – CT scan
2.4mSv – 1 year’s worth of natural radiation (world average)
1mSv – Limit of one’s year’s exposure to non-natural radiation (excluding medical examinations)
0.6mSv – Stomach X-ray
0.2mSv – A return air trip from Tokyo to New York
0.05mSv – Chest X-ray (or the level of radiation expected around a nuclear power plant – in practice it is much lower than this)

…more updates to come as information becomes available

UPDATE: March 12, 2011 15:30 CST

…Japanese officials say nuclear disaster averted; but new reactor is now in danger

…Millions currently without power, gas

…Report from Mito, Japan:

In Mito, another town in the area, long lines formed outside a damaged supermarket as hundreds waited for medicine, water and other supplies. Supplies ran low as people stocked up, not knowing how long it would take for fresh goods to arrive.

“All the shops are closed, this is one of the few still open. So I came to buy and stock up on diapers, drinking water and food,” Kunio Iwatsuki, 68, told Reuters.

…Tour of grocery store in earthquake/Tsunami stricken area – Shelves just about empty:

…Grocery store in Tokyo – supplies of basic goods, non-perishables dwindling:

UPDATE: March 12, 2011 12:06 CST

…Status of nuclear plant is unconfirmed… Reports vary… some suggest plant has melted down… others suggest plant is intact

…Tens of thousands missing in Japan

…Thousands being evacuated in potential nuke fallout zone… 12 mile radius

…Explosion in building housing reactors (video)

…Chernobyl-like meltdown possible (video)

…Fuel rods may have melted

…West coast residents on alert in the event of a nuclear meltdown

…Wind may carry radiation across Pacific to West coast of North America…. 180 Hour Wind Forecast Model

…Unofficial fallout map (Note that this map has not yet been legitimately sourced, thus the estimated “Rad” levels are as of yet unconfirmed, though the wind patterns match those of the 180 hour forecast above):

***This Nuclear Fallout Map below has been identified as a hoax. As mentioned in our original posting, the source was not confirmed. We chose to publish this map to demonstrate the fallout pattern in the event high levels of radiation were released in Japan. ****

…As of yet, the estimates for radiation release levels in the event of meltdown as measured in Rads/Greys is unknown, therefore Rem/Microrem biologically effective doses cannot be measured accurately…

…radiation level outside the reactor became elevated to 1,015 microsievert—the equivalent of being exposed to the maximum allowable level for a full year in a single day. The level has since come down sharply.

…Survival / Alternative News forums go ballistic

…General Radiation Absorption ESTIMATES (source):

0-50 rads – No obvious short-term effects
80-120 rads – You have a 10% chance of vomiting and experiencing nausia for a few days
130 -170 rads – You have a 25% chance of vomiting and contracting other symptoms
180-220 rads – You have a 50% chance of vomiting and having other severe physical effects
270-330 rads – 20% chance of death in 6 weeks, or you will recover in a few months.
400-500 rads – 50% chance of death
550-750 rads – Nausia within a few hours ; no survivors
Greater than 1000 rads – immediate incapacitation and death within a week or less.

…Japanese emergency officials are planning to distribute iodine to those in nuclear radiation zones:

Japanese authorities are making plans to distribute stable iodine, a treatment to prevent radiation poisoning, to residents near two damaged nuclear plants, the International Atomic Energy Agency says.

…FDA has historically recommended Potassium Iodide (KI) within 3 – 4 hours of radiation exposure

…Retail provider of KI

…Related SHTFplan articles:

The Effects of Nuclear Weapons

Survive Anything: Nuclear Attack

UPDATE: March 11, 2011 19:45 CST

…88,000 Reported Missing, Hundreds dead

UPDATE: March 11, 2011 17:00 CST

…California: 1 Confirmed Dead, 2 Swept out to sea as they watched incoming Tsunami

…Oregon: 4 Swept out to sea, rescued by Coast Guard

UPDATE: March 11, 2011 16:30 CST

…Reports that Fukushima nuclear reactor is at 2.1 times normal pressure

…Radiation reportedly at 1000 times normal and rising; no evacuations of plant or surrounding areas as of yet.

The following just released video from PBS Newshour documents just how powerful the Japanese Tsunami was. It completely demolishes an entire village in under a minute:

The Sakurajima Volcano on Southern Tip of Japan has begun erupting:

ORIGINAL STORY POSTED March 11, 2011 09:00 CST:

…An estimated 8.9 magnitude earthquake off the east coast of Japan sent Tsunamis across the Pacific, striking Japan with waves reportedly as high as 33 feet.

…Other Southeast nations have also been struck.

…Hawaii was inundated with a Tsunami earlier this morning.

…Oregon closes schools…California on alert…expect waves potentially as high as 5 feet around 11am EST

…Canada on alert

Videos from Japan

Massive Tsunami wave races inland…tons of debris…burning fires atop waves…boats, cars, buildings uprooted:

Tsunami overwhelms Japan port city:

Tsunami causes whirpool:

Japan Tsunami: Cars, Debris thrown around by water like children’s toys:

Tsunami Reaches Hawaii:

Wave’s reportedly not unusually high. Officials warn waves may get as high as 6 feet:

The scene at a local grocery store in Hawaii as residents anticipate the Tsunami:

Tsunami in Open Sea – Headed towards other south east Asian countries…Almost all of Pacific Basin on alert:

View the original article here

Panic Buying: Stocks Of Potassium Iodide Exhausted In U.S.

Paul Joseph Watson
Infowars.com
March 15, 2011

We are getting numerous reports from readers that stocks of potassium iodide, which is used to protect the body against the effects of nuclear fallout, are completely sold out across the United States. Checks of health supplement websites in the U.S. also confirmed that stocks are completely exhausted.

With the threat of radioactive particles from the stricken Fukushima nuclear reactor complex drifting towards the United States on prevailing easterly winds, many Americans are attempting to protect themselves by acquiring potassium iodide, which protects the thyroid gland from radiation and cancer caused by radioactive iodine.

U.S. manufacturers of potassium iodide have been swamped with demand, reports CNN. One Williamsburg, Virginia-based company “Has received hundreds, if not thousands, of calls from potential buyers in Asia as well as repeat U.S. customers suddenly seeking to replenish their stockpiles of the drug.”

A d v e r t i s e m e n t

The U.S. government has said that it will not stockpile any further supplies of potassium iodide, which has only increased demand from Americans who are struggling to find it anywhere.

“The federal government has never purchased enough to meet that standard. There is currently only enough of the medication available for populations living within 10 miles of nuclear reactors in the United States, according to U.S. officials,” an amount Alan Morris, president of Anbex Inc, slams as being completely insufficient.

Morris points to the fact that the fallout from the April 1986 Chernobyl disaster, which was spread all around the northern hemisphere, led to over a million deaths because of radiation poisoning according to some estimates, causing thyroid cancer in children living in surrounding countries.

“U.S. drug stores are reporting a sudden increase in sales of over-the-counter anti-radiation pills, despite assurances from health officials that Americans are not at risk from Japanese nuclear reactors,” reports Fox News.

Some less than ethical private retailers are exploiting the shortages to charge nearly $300 for one pack of tablets, which normally retail at around the $15 level.

It is important to stress that high-strength potassium iodide of the 130 mg variety shown in the image above should only be taken in a nuclear fallout emergency and not under any other circumstances.

Watch a video simulation of how the Chernobyl radiation cloud affected the whole of Europe, causing governments to severely restrict cattle movements and food safety standards as far away as England and Wales.

Stock up with Fresh Food that lasts with eFoodsDirect (Ad)

Here are a couple of emails we received today;

I went to the Whole Foods Market in Arlington, Texas last night to get a bottle of kelp and they were out and totally out of potassium iodide. They would not get a shipment, if any, by this Friday.

Are people in this area more aware of what is going on in Japan than the people in Austin? I hope so.

Respectfully,

Doug

——————————-

Good Luck finding any Potassium Iodide in the United States! Went on the internet and contacted all manufacturers, suppliers, health food stores, etc. NO ONE HAS ANY!

Just says temporarily out of stock on all websites…..What little was available is gone and the earliest they expect it is sometime possibly next month or the following month! Iosat manufactured and distributed by Anbex Inc. doesn’t even have it available.Good God… how would we get it if we needed it now?

Think the Government is going to help get it to us? Don’t think so! No one is saying anything about this little problem!

Elaine

—

Paul Joseph Watson is the editor and writer for Prison Planet.com. He is the author of Order Out Of Chaos. Watson is also a fill-in host for The Alex Jones Show.

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