EDF & Unrealistic Fiscal Dreams

If anyone thinks EDF will find the money to build a new nukiller reactor at Hinkley, then they should start to look at the companies financial situation.

In last decade the share price has fallen from around 85 Euro to that of between 9 & 10 Euro.

Meanwhile the guestimated costs of the plant continue to rise.

It is because of these costs that the nukiller industry is now starting to push for smaller and what they say are cheaper reactors.

In the meanwhile UK energy consumption has dropped, and 25% of it is produced by wind turbines and other renewables.

 

To quote the quote: –

Just Do The Maths.

No Cause For Alarm – Or Lets Not Worry, As It’s Party Time

Lethargy can cause more harm to the environment than most people ever realise.

In other words, we have so little time to do anything about it, that there is just no time to stop or rest.

Let’s just sum up the situation which faces us all: –

– The Pacific is dying.

– We are at the long predicted stage of tipping over climate change.

&

– The amount of nukiller waste is going to be polluting the planet for many thousand of years,

and still they want to build many new reactors.

As I keep saying: –

We have so much to do in order to stop this mess, that there is no time to party, or take time off during the gloom day period.

If more people were on the ball, then some of the nukiller industry PR propaganda would have been challenged in the way the closure of the Wylfa reactor was reported by the media.

While the other story which would of got more coverage is the one which slipped most people by, as it was announced on December 31st.

‘The City regulator, the Financial Conduct Authority (FCA), has shelved plans for an inquiry into the culture, pay and behaviour of staff in banking.’

What more can I say ?

The Political Kipper Season

The Political Kipper Season has now arrived for the British Press.

Yes it’s Election time.

So don’t expect to read much more than what various politicians are trading as insults, one to the other, for the next four weeks.

Yet what’s the point in voting when
We Have No Say in Many of the Decisions Which Effect Our Lives?

So here are six reasons why I don’t vote, have never voted, and will never vote in any government or local government election: –

The unelected House of Lords.

– The City of London Corperation, or last rotten borough.

This is where any company which operates in the city can get to vote, and vote again.

– The unelected and overpriced monarchy.

– The Greater London Council which was aboblished in 1986.

To misquote the old saying:-
When voting changed the system, then the System was Aboblished.

– The various unaccountable multinations,
such as the banks, and mining companies.

&

– How we now have no say as to just where nukiller waste will be dumped.

To quote Pierre-Joseph Proudhon: –

‘To be governed is to be watched over, inspected, spied on, directed, legislated at, regulated, docketed, indoctrinated, preached at, controlled, assessed, weighed, censored, ordered about, by men who have neither the right, nor the knowledge, nor the virtue.

… To be governed is to be at every operation, at every transaction, noted, registered, enrolled, taxed, stamped, measured, numbered, assessed, licensed, authorized, admonished, forbidden, reformed, corrected, punished. It is, under the pretext of public utility, and in the name of the general interest, to be placed under contribution, trained, ransomed, exploited, monopolized, extorted, squeezed, mystified, robbed; then, at the slightest resistance, the first word of complaint, to be repressed, fined, despised, harassed, tracked, abused, clubbed, disarmed, choked, imprisoned, judged, condemned, shot, deported, sacrificed, sold, betrayed; and, to crown all, mocked, ridiculed, outraged, dishonoured.

That is government; that is its justice; that is its morality.’

Toxic TEPCO Bonds.

This is what was in the news about TEPCO a few days ago:

Nomura Holdings Inc. is urging investors to buy TEPCO bonds
after a report that the Japanese government plans to cap the companies clean-up costs at Fukushima.

It made me wonder why they might be thinking that, and just what they would try to sell us next?

It’s very strange after all the recent reports coming out of the plant.

Now I read : –

‘ Tepco to make the inner company organization specialized in Fukushima decommissioning.’

I’ll let you all guess just what’s coming next.

Radioactive Trade Wars.

A Ban on Shell Fish & Fish.

Radioactive discharges from Windscale ( Sellafield ) picked up by shellfish have caused a lot of concerns over the years.

In 2004 this raised the prospect that it might stop the export of some British shellfish to the rest of Europe.

Now Russia has imposed a ban on fish and seafood imports from Japan.

In September South Korea banned all fishery products from eight Japan prefectures.

&

China has just banned all Shellfish from the West Coast of the USA.

Trade Wars ?

As the level of radioactivity from Fukushima grows, then so will concerns about the health of the fish in the Pacific.

Thus the number of countries disallowing the import of fish from Japan, Canada, and the US must grow.

These sorts of import bans will really upset the WTO, scupper GATT, and might bring about all sorts of trade sanctions.

Just how many countries will this impact ?

One can only guess the answer to that question.

However . . . . . .

With rising health concerns, and falling fish numbers, there will not be much of a fishing industry left in the Pacific within the next couple of years.

So any trade sanctions will be of a very academic nature indeed.

Ban them now !

What we now need is a European import ban upon all fish and shell fish from the Northern Pacific.

Such an import ban would highlight just what is happening at Fukushima,  and the need to close down all nukiller power plants.

Small Change For The Bank Please.

Some years ago I was in a shop on Green Lane, Harringay.

While I was in the process of waiting to pay for my goods a woman came to the counter and asked if she could change a £20 note for some small change.

The shop keeper did this, and the woman went back next door to her place of Employment.

Nothing so remarkable you might think,  except for just one fact.

She worked in a branch of the Bank of Cyprus.

I’ll make no further comment.

Cuts Cuts Cuts Cuts Cuts Cuts Cuts and More Cuts, or The Real Cost Of The 2012 olymics.

So here we go: –

Cuts in education.
Cuts in the number of hospital staff.
Cuts in library expenditure and opening hours.
Cuts in spending upon Museam and art galleries.
Cuts in social spending.
Cuts in the support for public transport.
Cuts in the support for energy conservation.
Cuts in help for the elderly.

Cuts.
Cuts.
Cuts.

Yet millions & millions are being spent on the 2012 olymics.

My prediction for next year
2013 : –

More cuts in education.
More Cuts in the number of hospital staff.
More Cuts in library expenditure and opening hours.
More Cuts in spending upon Museam and art galleries.
More Cuts in social spending.
More Cuts in the support for public transport.
More Cuts in the support for energy conservation.
More Cuts in help for the elderly.

While we will still be paying for the 2012 olymics.

While tax payers money is still being spent on Nukiller weapons.

Energy Subsidies & Energy Conservation Taxation.

Energy Issues.

I keep reading about the high prices which the energy companies
charge to their customers within Britain.

This is related to the problem of Fuel Poverty.

At the same time there is a major debate about energy subsidies.

This goes hand in glove with the idea of giving tax breaks to
‘green energy’  and carbon capture projects.

The problem about this is that the nukiller industry getting in to
the act, and erroneously claiming that these power plants help to
halt climate change.

This is the kind of argument which George Monbiot has fallen for:
– despite the fact that the mining and transport of uranium contributes to climate change.

Yet take away all of these subsidies,
and what do you get?

The use of solar and windpower as the cheapest form of energy production.

Some Real Alternative To Energy Production.

Of course the real challenge is to cut down upon the use or
energy,
or better use just what energy we do produce.

This should be done in conjunction with a major push to introduce
better energy conservation measures throughout the UK and the world.

Rather than give tax breaks to the energy companies,
it would be much better to put the money in to energy saving
measures.

Just cutting VAT ( Value Added Tax ) on double glazing,
or sales tax as it known in the rest of the world,
might be a good starting point.

At present the Energy-saving materials in the UK are VAT rated as 5%.

All energy conservation products should become zero VAT rated !

At the same time a lot of the present problem of fuel poverty,
and pensioners being killed as a result of hypothermia,
could be alleviated by increasing the Winter Fuel Payment from
the present derisory level of just £200 a year.

Such measures would be cheaper for us all in both the long and
short term too.

In the long term all these measures might help to cut down our
taxes and other expenditures,
and increases the amount which is paid out in pensions.

Thus in turn it would alleviate the whole set of problems which come with fuel poverty.

A Long Term Story About Never Never Land.

When I was a child in the 1950s and 1960s people would talk about purchasing items on the ‘ Never Never’.

i.e.  By hire purchase.

This expression goes with the
‘Use Now and Pay Later’
way of thinking.

It also goes hand in hand with a way of thinking which includes
that of paying by credit card,
‘pay day loans’,
increasing personal loans
building up national debts,
and in turn the kind of global financial mess we are all so familiar
with right now.

The same principle also seems to apply when it comes to just how
we all will have to continue to pay to look after nukiller waste for
many centuries after these plants have been closed.

The Daily Mail has just published the following news story which
illustrates this point:-

The most toxic pond in Europe: Sellafield will cost £10bn to make safe.

In the same news story they point out that once the nuclear fuel is
removed from the newly decommissioned nukiller power plant at
Oldbury, that these used fuel rods will be stored untouched upon site until at least 2096.

That is some 84 years in to the future.

If nukiller power is the ultimate example of ‘built in obsolescence’,
then we really are going to take a long time to pay for it on the
Never Never.

Don’t Tell Me As I’m Immune To This.

Switch off or take no notice.

That’s my attitude to most advertising,
and here is the reason why.

Most advertisements make a presumption about both ones
lifestyle,
and  those social values which do not apply to me.

I also know just which lines tend to show that I’m about to be
conned out of my money.

So – Here is a check-list of those words  or expression which will
never work on me: –

– Mortgage.

– Credit card(s).

– Take away food menu(s).

– Cable Television.

– Mobile phone.

– Retirement & funeral plans.

– Loan offers.

– Celebs.

– ‘ As seen on TV ’.

– Branded goods.

– Christmas.

– Sports sponsorship.

– Corporate sponsorship.

– The Olympics and all that goes with it.

– The internal combustion engine.

– Offers for two.

– Anything which says ‘family friendly’.

– Upgrade(s).

– New  or Exciting.

&

– Special offer.

Now I could write something about those words and expressions
which might work on me,
but I just don’t want to deal with yet more spam or junk mail.

No thank you very much.