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Entries from May 1, 2012 - May 31, 2012

Tuesday
May012012

Alain Sherter - Jailed for $280: The Return of Debtors' Prisons

How did breast cancer survivor Lisa Lindsay end up behind bars? She didn't pay a medical bill -- one the Herrin, Ill., teaching assistant was told she didn't owe. "She got a $280 medical bill in error and was told she didn't have to pay it," The Associated Press reports. "But the bill was turned over to a collection agency, and eventually state troopers showed up at her home and took her to jail in handcuffs."

Although the U.S. abolished debtors' prisons in the 1830s, more than a third of U.S. states allow the police to haul people in who don't pay all manner of debts, from bills for health care services to credit card and auto loans. In parts of Illinois, debt collectors commonly use publicly funded courts, sheriff's deputies, and country jails to pressure people who owe even small amounts to pay up, according to the AP.

Under the law, debtors aren't arrested for nonpayment, but rather for failing to respond to court hearings, pay legal fines, or otherwise showing "contempt of court" in connection with a creditor lawsuit. That loophole has lawmakers in the Illinois House of Representatives concerned enough to pass a bill in March that would make it illegal to send residents of the state to jail if they can't pay a debt. The measure awaits action in the senate.

Read More:

http://finance.yahoo.com/news/jailed-for--280--the-return-of-debtors--prisons.html

Tuesday
May012012

Bob Burnett - Two Meltdowns: Fukushima and the US Economy

More than a year after a tsunami swamped the Fukushima-Daiichi nuclear power plants, the radiation peril continues -- reactor 4 is teetering on the edge of collapse, which would force the evacuation of one-third of Japan's population. The meltdown at Fukushima parallels the meltdown of the US economy.

On March 11, 2011, Japan experienced a 9.0 earthquake. The six nuclear plants [1] at Fukushima -- about 136 miles north of Tokyo -- survived the quake but were swamped by a 45-foot wave that overwhelmed the 19-foot seawalls. Fukushima units 5 and 6 were in cold shutdown for maintenance and Unit 4 had been deactivated. Units 1, 2 and 3 lost power and were unable to cool down properly; they experienced full meltdown. This was a catastrophe but there was a robust containment system that minimized the spread of contamination.

As part of the maintenance process, the 1,535 fuel rods in Fukushima reactor 4 had been removed and placed in a pool of water outside the containment system. The aftermath of the tsunami severely damaged the building. This April, Senator Ron Wyden [2] toured Fukushima and warned that another big earthquake could further damage unit 4, producing "an even greater release of radiation than the initial accident." (Since March 11, more than 1000 significant earthquakes [3] have struck Japan.) In January at the World Economic Forum in Davos, Switzerland, former Japanese Prime Minister Naoto Kan warned [4] of the possibility of a nuclear disaster and said that a meltdown at unit 4 would force the evacuation of Tokyo and close half of Japan. (On April 15th, the European Union Times [5] reported that the Japanese government had engaged with in discussions with China and Russia about the migration of 40 million Japanese because of the "extreme danger of life threatening radiation poisoning.")

Read More:

http://www.smirkingchimp.com/thread/bob-burnett/42871/two-meltdowns-fukushima-and-the-us-economy

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