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Environment & Energy

Fledermaus

(1,506 posts) Thu May 10, 2012, 06:45 PM May 2012

Japan to Nationalize Fukushima Utility [View all]

TOKYO — Japan is ready to nationalize Tokyo Electric Power, the operator of the ravaged Fukushima Daiichi nuclear power plant, under a 1 trillion yen ($12.5 billion) bailout plan that was approved on Wednesday.

http://www.nytimes.com/2012/05/10/business/global/japan-to-nationalize-fukushima-utility.html

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5 replies

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Japan to Nationalize Fukushima Utility [View all] Fledermaus May 2012 OP

Privatize the profits, socialize the losses. n/t PoliticAverse May 2012 #1

So the whole nation can get in on paying the loses. What a wonderful thing. teddy51 May 2012 #2

There's really not much else the government can do Art_from_Ark May 2012 #3

The average person in Japan will pay, but there is a small group that has profited from nuclear power Fledermaus May 2012 #4

Certainly no one in Japan is profiting from nuclear power right now Art_from_Ark May 2012 #5