The Feds vs. Craig Zucker: Are Regulators Carrying Out a Personal Vendetta Against the Creator of Buckyballs?

Four years ago, serial-entrepreneur Craig Zucker had a hit
product on his hands: Buckyballs, desk toys comprised of
supercharged mini magnets, which were flying off the shelves and
into the shopping carts of fidgety-handed customers. Zucker’s
company, Maxfield & Oberton, had sales of $10 million in
2009. 

Forbidden Buckyballs |||Zucker’s troubles began last year, when the
federal Consumer Product Safety Commission (CPSC) filed an
administrative complaint that sought to ban and recall the product
on the grounds that it was dangerous for children. It’s true that
if swallowed, these powerful tiny balls can cause internal bleeding
because they seek to find other magnets when lodged in a person’s
bowels or intestinal tract. But banning the product was
“statistically ridiculous,” as
a report in the Huffington Post explained
. There were
22 reported incidents of ingested Buckeyballs from 2009 to October
2011, or one for every 100,000 sets sold. That means the product is
orders of magnitude less risky than dogs, tennis, skateboarding,
and poisonous household chemicals. And the product was clearly
marked, “Keep Away from All Children.”

View this article.

from Hit & Run http://reason.com/blog/2013/11/06/the-feds-vs-craig-zucker-are-regulator
via IFTTT

In Memory – Lane Brown

Gone But Not Forgotten November 11, 2011

It has been two years since you left. You are in our hearts everyday and your spirit is always around us. You gave us such joy and a lot of wonderful memories. We were so blessed to have had you. There is never enough time with the one you love, we miss you. You are in God’s care now. Until we meet again.

Love, Sheila, Sandee (Ric) Lane Jr., Shannon (Brian), grandchildren Austin, Savannah, Zack, Kayla, sister Shirley (Gene), numerous nieces, nephews, In-laws and many friends.

via The Citizen http://www.thecitizen.com/articles/11-06-2013/memory-lane-brown

Voters Make Marijuana Colorado's Most Heavily Taxed Consumer Product

Yesterday
Colorado voters overwhelmingly
approved
Proposition AA, which authorizes a 15 percent excise
tax and a special sales tax of up to 15 percent (intially set at 10
percent) on marijuana products sold by the state-licensed stores
that are scheduled to open next year. The margin, 65 percent to 35
percent, was almost exactly the same as the margin by which voters

rejected
an income tax hike aimed at boosting funding for
public schools. Most of the annual revenue from the marijuana
excise tax—the first $40 million—likewise is earmarked for a school
construction fund. Since marijuana consumers currently are a
relatively small minority (around
12 percent
of the population), these results are not terribly
surprising. Given the choice, voters will always prefer that other
people pick up the tab for their stuff.

All of the proposed local taxes on marijuana also passed by big
margins. Denver voters
authorized
an additional sales tax by a margin of  more
than 2 to 1 (69 percent to 31 percent). The tax is initially set at
3.5 percent, but the city council has leeway to raise it as high as
15 percent. By a vote of 67 percent to 33 percent, Boulder voters

approved
a 3.5 percent sales tax that can be raised as high as
10 percent. Littleton voters
approved
a 3 percent sales tax by a vote of 64 percent to 36
percent.

The upshot is that marijuana will be the most heavily taxed
consumer product in Colorado by far, taxed at a
much higher rate
than alcohol even without taking local taxes
into account. That situation is hard to reconcile with Amendment
64’s
aim
of taxing marijuana “in a manner similar to alcohol,” and
it surely makes no sense in light of the two products’
relative hazards
, which were a major theme of the legalization
campaign. If legislators take full advantage of their new tax
authority, marijuana in Denver, the center of the retail cannabis
industry, will be hit by a 15 percent excise tax plus sales taxes
totaling 38 percent (including standard and special state and local
taxes). With taxes that high, the state-licensed outlets may have

trouble
competing with the black market and with homegrown
marijuana. (Colorodans are allowed to grow up to six plants at home
and share the produce, one ounce at a time, “without
remuneration.”) Legislators may find that if they set taxes too
high, the result will be less revenue rather than more.

from Hit & Run http://reason.com/blog/2013/11/06/voters-make-marijuana-colorados-most-hea
via IFTTT

Voters Make Marijuana Colorado’s Most Heavily Taxed Consumer Product

Yesterday
Colorado voters overwhelmingly
approved
Proposition AA, which authorizes a 15 percent excise
tax and a special sales tax of up to 15 percent (intially set at 10
percent) on marijuana products sold by the state-licensed stores
that are scheduled to open next year. The margin, 65 percent to 35
percent, was almost exactly the same as the margin by which voters

rejected
an income tax hike aimed at boosting funding for
public schools. Most of the annual revenue from the marijuana
excise tax—the first $40 million—likewise is earmarked for a school
construction fund. Since marijuana consumers currently are a
relatively small minority (around
12 percent
of the population), these results are not terribly
surprising. Given the choice, voters will always prefer that other
people pick up the tab for their stuff.

All of the proposed local taxes on marijuana also passed by big
margins. Denver voters
authorized
an additional sales tax by a margin of  more
than 2 to 1 (69 percent to 31 percent). The tax is initially set at
3.5 percent, but the city council has leeway to raise it as high as
15 percent. By a vote of 67 percent to 33 percent, Boulder voters

approved
a 3.5 percent sales tax that can be raised as high as
10 percent. Littleton voters
approved
a 3 percent sales tax by a vote of 64 percent to 36
percent.

The upshot is that marijuana will be the most heavily taxed
consumer product in Colorado by far, taxed at a
much higher rate
than alcohol even without taking local taxes
into account. That situation is hard to reconcile with Amendment
64’s
aim
of taxing marijuana “in a manner similar to alcohol,” and
it surely makes no sense in light of the two products’
relative hazards
, which were a major theme of the legalization
campaign. If legislators take full advantage of their new tax
authority, marijuana in Denver, the center of the retail cannabis
industry, will be hit by a 15 percent excise tax plus sales taxes
totaling 38 percent (including standard and special state and local
taxes). With taxes that high, the state-licensed outlets may have

trouble
competing with the black market and with homegrown
marijuana. (Colorodans are allowed to grow up to six plants at home
and share the produce, one ounce at a time, “without
remuneration.”) Legislators may find that if they set taxes too
high, the result will be less revenue rather than more.

from Hit & Run http://reason.com/blog/2013/11/06/voters-make-marijuana-colorados-most-hea
via IFTTT

Portland, Maine, Three Towns in Michigan Vote to Legalize Recreational Marijuana

nsfpVoters in Maine’s largest city and in Michigan’s
state capital, Lansing, as well as Ferndale and Jackson have all
approved measures that legalize the recreational use of marijuana
in their jurisdictions. In Lansing, the measure
passed
with 62 percent of the vote—it prohibits the city from
regulating marijuana in amounts under an ounce that is possessed or
used on private property. Lansing’s mayor, Virg Bernero,
supported
the initiative, pointing out that the “public is far
ahead of most politicians on this issue.”

Ferndale’s measure passed
even more resoundingly
, with 69 percent voting in favor. It had
been opposed by nearly all of the city’s political establishment,
and this summer the local police
targeted
one of the main organizers of the initiative, charging
him with “marijuana delivery” and even suggesting where he lives
could render the initiative void even if it passed.  

Jackson’s effort to decriminalize marijuana
passed
with about 61 percent of the vote.

Portland’s initiative,
meanwhile
, decriminalized possession of marijuana in amounts up
to 2.5 ounces but also banned its use in many public places.
Legislators in Maine have been trying to legalize marijuana
statewide. No state has yet legalized marijuana via its
legislature, though
several states
, including Maine, could join Colorado and
Washington in legalizing marijuana next, especially on the 2014
ballot.

Medical marijuana is notionally legal in Michigan and Maine
already.

from Hit & Run http://reason.com/blog/2013/11/06/portland-maine-three-towns-in-michigan-v
via IFTTT

A.M. Links: Terry McAuliffe, Chris Christie, Bill de Blasio Win Elections, Kathleen Sebelius Returns to Capitol Hill, At Least One Dead in China Bomb Blasts

  • w00t puerto ricoDemocrat Terry McAuliffe was
    elected
    governor in a tight race in Virginia, challenging the
    notion the place is a blue state yet, while in traditionally
    Democrat New Jersey Republican Chris Christie
    easily
    won re-election, and Bill de Blasio
    becomes
    the first Democrat to be elected mayor of deep blue New
    York City since David Dinkins in 1989. Will he last as long? In
    other cities, Marty Walsh
    won
    the mayor’s race in Boston, and former prosecutor Mike
    Duggan
    won
    the mayor’s race in Detroit.
  • Kathleen Sebelius will be
    back
    on Capitol Hill to testify more about how she’s
    accountable for Obamacare’s problems and how they’ll be fixed
    anyway.
  • Ladar Levison, who ran the e-mail service used by NSA leaker
    Edward Snowden before being forced by government actions to shut
    down, plans to
    launch
    a surveillance-proof and easy –to-use se-mail service
    next year.
  • At least one person was
    killed
    by a series of bomb blasts outside the Chinese Communist
    Party’s headquarters in the provincial capital of Taiyuan.
  • France is
    not
    planning on delaying its withdrawal from Mali any further
    in the face of a resurgence of violence that included the killing
    of two French journalist.
  • Diplomats from Iran, Israel, other Middle Eastern countries and
    even the US
    reportedly
    met in secret last month to talk about the
    possibility of organizing a conference on the banning of nuclear
    weapons in the region.

Follow Reason and Reason 24/7 on
Twitter, and like us on Facebook.
  You
can also get the top stories mailed to
you—
sign
up here.
 

Have a news tip? Send it to us!

from Hit & Run http://reason.com/blog/2013/11/06/am-links-terry-mcauliffe-chris-christie
via IFTTT

Treasury Will Issue Its First Floaters On January 29, 2014

As was long predicted and foreshadowed (and analyzed here previously with the proposed FRN term sheet shown half a year ago), after nearly two years of foreplay with the idea of issuing inflation-friendly floating rate notes, moments ago as part of its refunding announcement, the Treasury announced the first floater issuance in history would take place on January 29, 2014, will have a 2 year tenor, and will amount to between $10 and $15 billion.

From the press release:

Floating Rate Notes (FRNs)

 

Treasury intends to announce the details of the initial Floating Rate Note (FRN) auction on Thursday, January 23, 2014, with the first auction occurring on Wednesday, January 29, 2014. Settlement of the security will occur on Friday, January 31, 2014.

 

The FRN is the first new product that Treasury has brought to market in 17 years.  The FRN will have a maturity of two years and Treasury anticipates that the size of the first auction will be between $10 and $15 billion. 

 

Specific terms and conditions of each FRN issue, including the auction date, issue date, and public offering amount, will be announced prior to each auction.  For more details about the new Treasury FRN product, including a term sheet, FRN auction rules, and Frequently Asked Question, please see:

 

http://www.treasurydirect.gov/instit/statreg/auctreg/auctreg.htm

 

In addition, a tentative auction calendar that includes Treasury FRNs can be found at:

 

http://www.treasury.gov/resource-center/data-chart-center/quarterly-refunding/Pages/default.aspx

As posted previously, here is what the Treasury proposes for an indicative FRN term sheet:

FRN Term Sheet

Away from the topic of FRNs, the TSY also indicated it will offer $70 billion in new paper to refund $63.5 billion, for net new cash proceeds of $6.5 billion. Recall that a few days ago, the Treasury announced it would increase its cash build by a whopping $60 billion in the quarter, hoping to leave it with $140 billion in total cash by December 31. Which begs the question: is the Treasury, in order to keep net collateral roughly flat in light of no Fed monetizing, now simply issuing more gross debt to build up cash with the proceeds? If so, this would mean that the Treasury and the Fed which is monetizing the bulk of its issuance, have reached a level of synchronicity unseen before, all of it simply to preserve the upward ramp in stocks.

Finally, and as largely expected, the Treasury once again reminded Congress to fix itself promptly (i.e., ignore the enabling impact of the Fed), and to lift the debt ceiling ahead of February 7, 2014.

Debt Limit

 

The debt limit places a limitation on the total amount of money that the United States government is authorized to borrow to meet its existing legal obligations, including Social Security and Medicare benefits, military salaries, interest on the national debt, tax refunds, and other payments.  Raising the debt limit does not authorize new spending commitments; it simply allows the government to finance existing legal obligations that Congresses and presidents of both parties have made in the past.

 

The Continuing Appropriations Act, 2014 suspended the debt limit through February 7, 2014.  A new debt limit will be calculated on February 8, 2014 in the manner prescribed by the Act.  At that time, Treasury will have extraordinary measures available, which will allow the government to continue to finance its obligations for a period of time.

 

During the recent debt limit impasse, concerns that the debt limit would not be increased before extraordinary measures were exhausted led to significant disruptions in the secondary market for short-dated Treasury securities and a measurable increase in borrowing costs for newly issued Treasury bills.  As such, Treasury respectfully urges Congress to provide certainty and stability to the economy and financial markets by acting to raise the debt limit well before February 7, 2014.

Good luck with getting a functioning congress as long as the Fed is around.


    



via Zero Hedge http://feedproxy.google.com/~r/zerohedge/feed/~3/WJYK11862e8/story01.htm Tyler Durden

Bitcoin Spikes To Record High At $270

The last month has seen the USD price of Bitcoins double from $130 to $270 as a combination of wider acceptance (in China and even ebay/Paypal ‘watching’) and concerns over ongoing global money printing (delayed taper) have sent the cryptocurrency to new record highs. With most ‘markets’ now manipulated or repressed by government mandate, one wonders whether Bitcoin represents the last bastion of free market expression for concern at the fiat status quo? Or is it already ‘broken‘?

 

 

Charts: Bitcoincharts.com


    



via Zero Hedge http://feedproxy.google.com/~r/zerohedge/feed/~3/MNFRAr7e7ZI/story01.htm Tyler Durden

Fukushima Debris "Island" The Size Of Texas Near US West Coast

While it took Japan over two years to admit the Fukushima situation on the ground is “out of control“, a development many had predicted for years, a just as important topic is what are the implications of this uncontrolled radioactive disaster on not only the local environment and society but also globally, particularly Japan’s neighbor across the Pacific – the US.

To be sure, there has been much speculation, much of it unjustified, in the past two years debating when, how substantial and how acute any potential debris from Fukushima would be on the US. Which is why it was somewhat surprising to see the NOAA come out with its own modeling effort, which shows that not only “some buoyant items first reached the Pacific Northwest coast during winter 2011-2012” but to openly confirm that a debris field weighing over 1 million tons, and larger than Texas is now on the verge of hitting the American coastline, just west off the state of California.

Obviously, the NOAA in releasing such a stunner could well be hammered by the administration for “inciting panic” which is why it caveated its disclosure carefully:

Many variables affect where the debris will go and when. Items will sink, disperse, and break up along the way, and winds and ocean currents constantly change, making it very difficult to predict an exact date and location for the debris’ arrival on our shores.

 

The model gives NOAA an understanding of where debris from the tsunami may be located today, because it incorporates how winds and ocean currents since the event may have moved items through the Pacific Ocean. This model is a snapshot of where debris may be now, but it does not predict when debris will reach U.S. shores in the future. It’s a “hindcast,” rather than a “forecast.” The model also takes into account the fact that winds can move different types of debris at different speeds. For example, wind may push an upright boat (large portion above water) faster than a piece of lumber (floating mostly at and below the surface).

Still despite this “indemnity” the NOAA does come stunningly close with an estimate of both the location and size of the debris field. One look at the map below shows clearly why, while the Fed may have the economy and markets grasped firmly in its central-planning fist, when it comes to the environment it may be time to panic:

Source: NOAA

Some of the disclosures surrounding the map:

  • Japan Ministry of the Environment estimates that 5 million tons of debris washed into the ocean.
  • They further estimated that 70% of that debris sank near the coast of Japan soon after the event.
  • Model Results: High windage items may have reached the Pacific Northwest coast as early as winter 2011-2012.
  • Majority of modeled particles are still dispersed north and east of the Hawaiian Archipelago.
  • NOAA expects widely scattered debris may show up intermittently along shorelines for a long period of time, over the next year, or longer.

In light of these “revelations” which come not from some tinfoil website but the Department of Commerce’s National Oceanic and Atmospheric Administration, it becomes clear why there has been virtually zero mention of any of these debris traffic patterns on the mainstream media in recent history, or ever.

Appropriately enough, since the US media will not breach this topic with a radioactive 10 foot pole, one has to go to the Russian RT.com website to learn some more:

Over a million tons of Fukushima debris could be just 1,700 miles off the American coast, floating between Hawaii and California, according to research by a US government agency.

 

 

The National Oceanic and Atmospheric Administration (NOAA) recently updated its report on the movement of the Japanese debris, generated by the March 2011 tsunami, which killed 16,000 people and led to the Fukushima nuclear power plant meltdown.

 

Seventy percent of an estimated 5 million tons of debris sank near the coast of Japan, according to the Ministry of Environment. The rest presumably floated out into the Pacific.

 

While there are no accurate estimates as to where the post-tsunami junk has traveled so far, the NOAA has come up with a computer model of the debris movement, which gives an idea of where its highest concentration could be found.

Having released the radioactive genie from the bottle, the NOAA is now doing all it can to avoid the inevitable social response. RT has more:

The agency was forced to alleviate the concerns in an article saying there was “no solid mass of debris from Japan heading to the United States.”

 

“At this point, nearly three years after the earthquake and tsunami struck Japan, whatever debris remains floating is very spread out. It is spread out so much that you could fly a plane over the Pacific Ocean and not see any debris since it is spread over a huge area, and most of the debris is small, hard-to-see objects,” NOAA explains on its official webpage.

 

The agency has stressed its research is just computer simulation, adding that “observations of the area with satellites have not shown any debris.”

 

 

Scientists are particularly interested in the organisms that could be living on objects from Japan reaching the west coast.

 

“At first we were only thinking about objects like the floating docks, but now we’re finding that all kinds of Japanese organisms are growing on the debris,” John Chapman of the Marine Science Center at Oregon State University told Fox News.

 

“We’ve found over 165 non-native species so far,” he continued. “One type of insect, and almost all the others are marine organisms … we found the European blue mussel, which was introduced to Asia long ago, and then it grew on a lot of these things that are coming across the Pacific … we’d never seen it here, and we don’t particularly want it here.”

What is the worst-case scenario:

The worst-case scenario would be that the trash is housing invasive organisms that could disrupt the local environment’s current balance of life. Such was the case in Guam, where earlier this year it was announced that the US government intended to parachute dead mice laced with sedatives on to the island in order to deal with an invasive species of brown tree snake that was believed
to have been brought to the American territory on a military ship over 60 years ago. In a little over half a century, a few snakes spawned what became an estimated 2 million animals, the likes of which ravaged the island’s native bird population and warranted government intervention.

 

Other concerns such as radiation, meanwhile, have been downplayed. On its website, the NOAA says, “Radiation experts agree that it is highly unlikely that any tsunami-generated marine debris will hold harmful levels of radiation from the Fukushima nuclear emergency.”

 

Independent groups like the 5 Gyres Institute, which tracks pollution at sea, have echoed the NOAA’s findings, saying that radiation readings have been “inconsequential.” Even the release of radioactive water from the Fukushima nuclear reactor shouldn’t be a grave concern, since scientists say it will be diluted to the point of being harmless by the time it reaches American shores in 2014.

Which is great news: since even the worst case scenario is inconsequential, we expect the broader media will promptly report on the NOAA’s findings: after all, the general public surely has nothing to fear.


    



via Zero Hedge http://feedproxy.google.com/~r/zerohedge/feed/~3/vaZl1vxAC2k/story01.htm Tyler Durden

Fukushima Debris “Island” The Size Of Texas Near US West Coast

While it took Japan over two years to admit the Fukushima situation on the ground is “out of control“, a development many had predicted for years, a just as important topic is what are the implications of this uncontrolled radioactive disaster on not only the local environment and society but also globally, particularly Japan’s neighbor across the Pacific – the US.

To be sure, there has been much speculation, much of it unjustified, in the past two years debating when, how substantial and how acute any potential debris from Fukushima would be on the US. Which is why it was somewhat surprising to see the NOAA come out with its own modeling effort, which shows that not only “some buoyant items first reached the Pacific Northwest coast during winter 2011-2012” but to openly confirm that a debris field weighing over 1 million tons, and larger than Texas is now on the verge of hitting the American coastline, just west off the state of California.

Obviously, the NOAA in releasing such a stunner could well be hammered by the administration for “inciting panic” which is why it caveated its disclosure carefully:

Many variables affect where the debris will go and when. Items will sink, disperse, and break up along the way, and winds and ocean currents constantly change, making it very difficult to predict an exact date and location for the debris’ arrival on our shores.

 

The model gives NOAA an understanding of where debris from the tsunami may be located today, because it incorporates how winds and ocean currents since the event may have moved items through the Pacific Ocean. This model is a snapshot of where debris may be now, but it does not predict when debris will reach U.S. shores in the future. It’s a “hindcast,” rather than a “forecast.” The model also takes into account the fact that winds can move different types of debris at different speeds. For example, wind may push an upright boat (large portion above water) faster than a piece of lumber (floating mostly at and below the surface).

Still despite this “indemnity” the NOAA does come stunningly close with an estimate of both the location and size of the debris field. One look at the map below shows clearly why, while the Fed may have the economy and markets grasped firmly in its central-planning fist, when it comes to the environment it may be time to panic:

Source: NOAA

Some of the disclosures surrounding the map:

  • Japan Ministry of the Environment estimates that 5 million tons of debris washed into the ocean.
  • They further estimated that 70% of that debris sank near the coast of Japan soon after the event.
  • Model Results: High windage items may have reached the Pacific Northwest coast as early as winter 2011-2012.
  • Majority of modeled particles are still dispersed north and east of the Hawaiian Archipelago.
  • NOAA expects widely scattered debris may show up intermittently along shorelines for a long period of time, over the next year, or longer.

In light of these “revelations” which come not from some tinfoil website but the Department of Commerce’s National Oceanic and Atmospheric Administration, it becomes clear why there has been virtually zero mention of any of these debris traffic patterns on the mainstream media in recent history, or ever.

Appropriately enough, since the US media will not breach this topic with a radioactive 10 foot pole, one has to go to the Russian RT.com website to learn some more:

Over a million tons of Fukushima debris could be just 1,700 miles off the American coast, floating between Hawaii and California, according to research by a US government agency.

 

 

The National Oceanic and Atmospheric Administration (NOAA) recently updated its report on the movement of the Japanese debris, generated by the March 2011 tsunami, which killed 16,000 people and led to the Fukushima nuclear power plant meltdown.

 

Seventy percent of an estimated 5 million tons of debris sank near the coast of Japan, according to the Ministry of Environment. The rest presumably floated out into the Pacific.

 

While there are no accurate estimates as to where the post-tsunami junk has traveled so far, the NOAA has come up with a computer model of the debris movement, which gives an idea of where its highest concentration could be found.

Having released the radioactive genie from the bottle, the NOAA is now doing all it can to avoid the inevitable social response. RT has more:

The agency was forced to alleviate the concerns in an article saying there was “no solid mass of debris from Japan heading to the United States.”

 

“At this point, nearly three years after the earthquake and tsunami struck Japan, whatever debris remains floating is very spread out. It is spread out so much that you could fly a plane over the Pacific Ocean and not see any debris since it is spread over a huge area, and most of the debris is small, hard-to-see objects,” NOAA explains on its official webpage.

 

The agency has stressed its research is just computer simulation, adding that “observations of the area with satellites have not shown any debris.”

 

 

Scientists are particularly interested in the organisms that could be living on objects from Japan reaching the west coast.

 

“At first we were only thinking about objects like the floating docks, but now we’re finding that all kinds of Japanese organisms are growing on the debris,” John Chapman of the Marine Science Center at Oregon State University told Fox News.

 

“We’ve found over 165 non-native species so far,” he continued. “One type of insect, and almost all the others are marine organisms … we found the European blue mussel, which was introduced to Asia long ago, and then it grew on a lot of these things that are coming across the Pacific … we’d never seen it here, and we don’t particularly want it here.”

What is the worst-case scenario:

The worst-case scenario would be that the trash is housing invasive organisms that could disrupt the local environment’s current balance of life. Such was the case in Guam, where earlier this year it was announced that the US government intended to parachute dead mice laced with sedatives on to the island in order to deal with an invasive species of brown tree snake that was believed to have been brought to the American territory on a military ship over 60 years ago. In a little over half a century, a few snakes spawned what became an estimated 2 million animals, the likes of which ravaged the island’s native bird population and warranted government intervention.

 

Other concerns such as radiation, meanwhile, have been downplayed. On its website, the NOAA says, “Radiation experts agree that it is highly unlikely that any tsunami-generated marine debris will hold harmful levels of radiation from the Fukushima nuclear emergency.”

 

Independent groups like the 5 Gyres Institute, which tracks pollution at sea, have echoed the NOAA’s findings, saying that radiation readings have been “inconsequential.” Even the release of radioactive water from the Fukushima nuclear reactor shouldn’t be a grave concern, since scientists say it will be diluted to the point of being harmless by the time it reaches American shores in 2014.

Which is great news: since even the worst case scenario is inconsequential, we expect the broader media will promptly report on the NOAA’s findings: after all, the general public surely has nothing to fear.


    



via Zero Hedge http://feedproxy.google.com/~r/zerohedge/feed/~3/vaZl1vxAC2k/story01.htm Tyler Durden