Source Pravda.Ru

Japan's TEPCO to pay $49 billion to victims

Japan's TEPCO to pay $49 billion to victims. 44212.jpegVictim compensation from Tokyo Electric Power Co.'s nuclear accident may amount to 4 trillion yen ($49 billion), the Asahi newspaper reported, citing government estimates.

The total assumes that the utility raises electricity prices to help pay for the compensation, the report said, without citing where it obtained the information. Tepco will need to borrow additional money from a fund established by other utilities, the report said, according to Bloomberg.

Finance Minister Yoshihiko Noda told the Parliament that a second batch of emergency spending would follow, depending on special debt.

Total expenditures could top ten trillion yen, according to DPJ lawmakers.

The March 11 magnitude-9 earthquake and tsunami that killed nearly 15,000 people and left over 10,000 missing across a swath of northeastern Japan were a further blow to a country with the world's largest public debt, RTT News reports.

The Fukushima plant was heavily damaged by the deadly earthquake and tsunami of March 11, and has since been releasing radioactive materials to the environment.

The worst nuclear disaster since Chernobyl in 1986 has forced the evacuation of tens of thousands of people from their houses, businesses and farms.

Officials hope to bring the plant to a cold shutdown by the year end, Peace FM Online reports.

 

Several years ago, a prominent Indonesian businessman who now resides in Canada, insisted on meeting me in a back room of one of Jakarta's posh restaurants. An avid reader of mine, he 'had something urgent to tell me', after finding out that our paths were going to be crossing in this destroyed and hopelessly polluted Indonesian capital.

Capitalism reduced Indonesian cities to infested carcases

Several years ago, a prominent Indonesian businessman who now resides in Canada, insisted on meeting me in a back room of one of Jakarta's posh restaurants. An avid reader of mine, he 'had something urgent to tell me', after finding out that our paths were going to be crossing in this destroyed and hopelessly polluted Indonesian capital.

Capitalism reduced Indonesian cities to infested carcases
Comments
Russia to rebuild its former Soviet naval base in Syria's Tartus
Russia to rebuild its former Soviet naval base in Syria's Tartus
North Korea is not a threat to the US
North Korea is not a threat to the US
North Korea is not a threat to the US
Capitalism reduced Indonesian cities to infested carcases
Capitalism reduced Indonesian cities to infested carcases
Capitalism reduced Indonesian cities to infested carcases
Capitalism reduced Indonesian cities to infested carcases
Donbass without militia will be worse than Srebrenica - Putin
Putin: Russian servicemen return home from Syria as victors
Kim Jong-un's tactic of hard power teaches USA lesson of obedience
Kim Jong-un's tactic of hard power teaches USA lesson of obedience
Putin to Sobchak: We will never let them turn Russia into another Ukraine
Putin to Sobchak: We will never let them turn Russia into another Ukraine
Putin to Sobchak: We will never let them turn Russia into another Ukraine
Putin to Sobchak: We will never let them turn Russia into another Ukraine
Putin to Sobchak: We will never let them turn Russia into another Ukraine
Kim Jong-un's tactic of hard power teaches USA lesson of obedience
Saudi Arabia readies to enjoy cinemas and music for the first time in 40 years
Socialite Ksenia Sobchak runs for Russian President