Japanese Utility Admits For First Time That Nuclear Disaster Was Avoidable

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October 12, 2012by: Eyder Peralta, NPRThe admission marked a reversal for Tokyo Electric Power Co., which had defended it preparedness before the 2011 tsunami.Anonymous/APSmoke rises from Unit No. 3 of the stricken Fukushima Dai-ichi nuclear plant after the March 11, 2011 earthquake and tsunami.In a dramatic reversal, Tokyo Electric Power Co. admitted for the first time that if it had fixed known safety issues, Japan's nuclear disaster following the March 2011 tsunami could have been avoided.
The Associated Press says the utility company made the admission in a statement released Friday. The AP reports the company said it delayed implementing the safety measures because of political, economic and legal pressures.

http://app1.kuhf.org/articles/npr1350046829-Japanese-Utility-Admits-For-First-Time-That-Nuclear-Disaster-Was-Avoidable.html


Kelp For Farmers: Seaweed Becomes A New Crop In AmericaOctober 12, 2012by: Craig LeMoult, NPRSeaweed farms off the coast of Connecticut may provide financial relief for farmers and environmental benefits for the ocean, not to mention tasty inspiration for chefs. The plant is used in many products from biofuels to cosmetics. But the big question is: Will Americans eat the stuff?http://app1.kuhf.org/articles/npr1350027157-Kelp-For-Farmers-Seaweed-Becomes-A-New-Crop-In-America.html

JPMorgan's profit surges 34% on mortgage growth

By Andrew TangelOctober 12, 2012, 6:10 a.m.JPMorgan Chase & Co.'s profits surged 34% in the third quarter as the country's largest bank by assets saw its mortgage business boom and market share grow.JPMorgan, which also reported strong growth in its units such as credit card and commercial banking, said it earned a record $5.7 billion, or $1.40 a share, in the third quarter, up from $4.3 billion, or $1.02, the same period a year ago.“Importantly, we believe the housing market has turned the corner," Jamie Dimon, chairman and chief executive, said in a statement. The bank reduced its reserves for loan losses by $900 million as credit conditions improved.JPMorgan has come under scrutiny since it disclosed a multibillion-dollar trading loss due to risky derivative bets made in the bank's London office.The Chief Investment Office losses, which JPMorgan had pegged at $5.8 billion as of the second quarter, continued to grow, but only modestly -- by $449 million, the bank said.http://www.latimes.com/business/money/la-fi-mo-jpmorgan-profit-up-34-20121012,0,1607338.story