Browsing all articles from January, 2011

AP IMPACT: First 24 hours shaped Japan nuke crisis

FUKUSHIMA, Japan — When Unit 2 began to shake, Hiroyuki Kohno’s first hunch was that something was wrong with the turbines. He paused for a moment, then went back to logging the day’s radioactivity readings.

He expected it to pass. Until the shakes became jolts.

As sirens wailed, he ran to an open space, away from the walls, and raced down a long corridor with two colleagues. Parts of the ceiling fell around them. Outside, he found more pandemonium.

“People were shouting about a tsunami,” he said. “At that point, I really thought I might die.”

EDITOR’S NOTE: It was an ordinary Friday afternoon, and then the shaking began – harbinger of a nuclear nightmare that rages on, three months later. A moment-by-moment account of the crucial first 24 hours after an earthquake and tsunami devastated Japan’s Fukushima Dai-ichi plant.

Breathless, Kohno climbed a small hill and turned to look back.

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One in three Brits on a financial knife edge

Shocking new survey highlights depth of the savings crisis.

Around six million people do not have a penny in savings, according to new data from NS&I, with more than a third confessing they do not have enough money set aside to cope in an emergency.

The shocking results demonstrate just how big a risk many of us are taking with our finances, gambling that nothing untoward will ever happen.

What’s more, Brits are pessimistic about even improving their savings behaviour in the future, with a quarter of respondents to the Savings Survey admitting they are even less likely to save over the next three months.

According to the survey, the average Brit is saving about £100 a month. Men

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Successfully Implementing a New Model for Change

Dr. George E. P. Box, noted statistician and quality expert famously said “All models are wrong, some are useful.” Dr. George Copa, one of my former advisors at the University of Minnesota always told me “Start with a model.” Consultants love models. Each model is a chance to demonstrate that we have a “new” theory and that our “new” theory is better than your old theory. My model is better than your model can mean thousands if not millions in new consulting fees.

Shooting Stars and Cash Cows

My partner and I have been consulting for a combined number of 50 years and during this period we have seen many models come and go. Often, they are shooting stars which are around for brief periods of time, never to be seen again. Sometimes, they

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Tags: Model, New Model

Pelham property on Interstate 65 to be sold in smaller pieces

PELHAM, Alabama — More than 200 acres of high-profile, Interstate 65 property in Pelham once slated to become a $110 million retail center now has a new owner looking to sell the site in pieces for multiple development projects.

A broker for the new owner said the portion of the property along U.S. 31 is being slated for retail and restaurant development while the rest of the property could become anything from a church campus to a recreation and sports complex to industrial and distribution sites.

Smith Land Investments LLC, an investment entity for Birmingham physician Dr. Macy Smith, purchased the property from Fifth Third Bank, which took the deed in lieu of foreclosure from the previous owner a year ago.

The heavily wooded property at the southwest corner of I-65 and Shelby County 52 stretches over to U.S.

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Bayer AG Settles US Biotech Rice Cases For $750 Million

–Settlement stems from 2006 contamination of U.S. rice crop

–About 11,000 farmers eligible for settlement

–Bayer had lost several related lawsuits

–Exports to Europe have not fully recovered

CHICAGO –Bayer AG agreed Friday to a $750 million settlement with U.S. rice farmers who sued the company after two of its genetically modified traits contaminated the crop.

The settlement concludes a four-year-old case that followed the revelation that traces of two strains of genetically modified rice, which hadn’t been approved by federal regulators, had entered the U.S. supply. The disclosure prompted several export customers to ban U.S. rice or impose strict testing requirements before allowing it into the country, which sent U.S. prices tumbling.

The contamination occurred between 1998 and 2001, during experiments with the rice strain on U.S.

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