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Comment Re:Those who should get 97 months... (Score 4, Interesting) 195

You mean to do this:

from TFA:

in 1991, J. Aron—the Goldman subsidiary—wrote to the Commodity Futures Trading Commission (the government agency overseeing this market) and asked for one measly exception to the rules.

The whole definition of physical hedgers was needlessly restrictive, J. Aron argued. Sure, a corn farmer who bought futures contracts to hedge the risk of a glut in corn prices had a legitimate reason to be hedging his bets. After all, being a farmer was risky! Anything could happen to a farmer, what with nature being involved and all!

Everyone who grew any kind of crop was taking a risk, and it was only right and natural that the government should allow these good people to buy futures contracts to offset that risk.

But what about people on Wall Street? Were not they, too, like farmers, in the sense that they were taking a risk, exposing themselves to the whims of economic nature? After all, a speculator who bought up corn also had risk—investment risk. So, Goldman’s subsidiary argued, why not allow the poor speculator to escape those cruel position limits and be allowed to make transactions in unlimited amounts? Why even call him a speculator at all? Couldn’t J. Aron call itself a physical hedger too? After all, it was taking real risk—just like a farmer!

On October 18, 1991, the CFTC-in the person of Laurie Ferber, an appointee of the first President Bush—agreed with J. Aron’s letter. Ferber wrote that she understood that Aron was asking that its speculative activity be recognized as “bona fide hedging”—and, after a lot of jargon and legalese, she accepted that argument. This was the beginning of the end for position limits and for the proper balance between physical hedgers and speculators in the energy markets.

To look at this another way—just to make it easy—let’s create something we call the McDonaldland Menu Index (MMI). The MMI is based upon the price of eleven McDonald’s products, including the Big Mac, the Quarter Pounder, the shake, fries, and hash browns. Let’s say the total price of those eleven products on November l, 2010, is $37.90. Now let’s say you bet $1,000 on the McDonaldland Menu Index on that date, November 1. A month later, the total price of those eleven products is now $39.72.

Well, gosh, that’s a 4.8 percent price increase. Since you put $1,000 into the MMI on November 1, on December 1 you’ve now got $1,048. A smart investment!

Just to be clear—you didn’t actually buy $1,000 worth of Big Macs and fries and shakes. All you did is bet $1,000 on the prices of Big Macs and fries and shakes.

But here’s the thing: if you were just some schmuck on the street and you wanted to gamble on this nonsense, you couldn’t do it, because your behavior would be speculative and restricted under that old 1936 Commodity Exchange Act, which supposedly maintained that delicate balance between speculator and physical hedger (i.e., the real producers/consumers). Same goes for a giant pension fund or a trust that didn’t have one of those magic letters. Even if you wanted into this craziness, you couldn’t get in, because it was barred to the Common Speculator. The only way for you to get to the gaming table was, in essence, to rent the speculator-hedger exemption that the government had quietly given to companies like Goldman Sachs via those sixteen letters.

Comment Re:what progress? (Score 1) 769

This might be of interest:

I am writing this text (Mar 12) to give you some peace of mind regarding some of the troubles in Japan, that is the safety of Japan’s nuclear reactors. Up front, the situation is serious, but under control. And this text is long! But you will know more about nuclear power plants after reading it than all journalists on this planet put together.

There was and will *not* be any significant release of radioactivity.

By “significant” I mean a level of radiation of more than what you would receive on – say – a long distance flight, or drinking a glass of beer that comes from certain areas with high levels of natural background radiation.

I have been reading every news release on the incident since the earthquake. There has not been one single (!) report that was accurate and free of errors (and part of that problem is also a weakness in the Japanese crisis communication). By “not free of errors” I do not refer to tendentious anti-nuclear journalism – that is quite normal these days. By “not free of errors” I mean blatant errors regarding physics and natural law, as well as gross misinterpretation of facts, due to an obvious lack of fundamental and basic understanding of the way nuclear reactors are build and operated. I have read a 3 page report on CNN where every single paragraph contained an error.

We will have to cover some fundamentals, before we get into what is going on.

Construction of the Fukushima nuclear power plants

The plants at Fukushima are so called Boiling Water Reactors, or BWR for short. Boiling Water Reactors are similar to a pressure cooker. The nuclear fuel heats water, the water boils and creates steam, the steam then drives turbines that create the electricity, and the steam is then cooled and condensed back to water, and the water send back to be heated by the nuclear fuel. The pressure cooker operates at about 250 C.

The nuclear fuel is uranium oxide. Uranium oxide is a ceramic with a very high melting point of about 3000 C. The fuel is manufactured in pellets (think little cylinders the size of Lego bricks). Those pieces are then put into a long tube made of Zircaloy with a melting point of 2200 C, and sealed tight. The assembly is called a fuel rod. These fuel rods are then put together to form larger packages, and a number of these packages are then put into the reactor. All these packages together are referred to as “the core”.

The Zircaloy casing is the first containment. It separates the radioactive fuel from the rest of the world.

The core is then placed in the “pressure vessels”. That is the pressure cooker we talked about before. The pressure vessels is the second containment. This is one sturdy piece of a pot, designed to safely contain the core for temperatures several hundred C. That covers the scenarios where cooling can be restored at some point.

The entire “hardware” of the nuclear reactor – the pressure vessel and all pipes, pumps, coolant (water) reserves, are then encased in the third containment. The third containment is a hermetically (air tight) sealed, very thick bubble of the strongest steel. The third containment is designed, built and tested for one single purpose: To contain, indefinitely, a complete core meltdown. For that purpose, a large and thick concrete basin is cast under the pressure vessel (the second containment), which is filled with graphite, all inside the third containment. This is the so-called “core catcher”. If the core melts and the pressure vessel bursts (and eventually melts), it will catch the molten fuel and everything else. It is built in such a way that the nuclear fuel will be spread out, so it can cool down.

This third containment is then surrounded by the reactor building. The reactor building is an outer shell that is supposed to keep the weather out, but nothing in. (this is the part that was damaged in the explosion, but more to that later).

Fundamentals of nuclear reactions

The uranium fuel generates heat by nuclear fission. Big uranium atoms are split into smaller atoms. That generates heat plus neutrons (one of the particles that forms an atom). When the neutron hits another uranium atom, that splits, generating more neutrons and so on. That is called the nuclear chain reaction.

Now, just packing a lot of fuel rods next to each other would quickly lead to overheating and after about 45 minutes to a melting of the fuel rods. It is worth mentioning at this point that the nuclear fuel in a reactor can *never* cause a nuclear explosion the type of a nuclear bomb. Building a nuclear bomb is actually quite difficult (ask Iran). In Chernobyl, the explosion was caused by excessive pressure buildup, hydrogen explosion and rupture of all containments, propelling molten core material into the environment (a “dirty bomb”). Why that did not and will not happen in Japan, further below.

In order to control the nuclear chain reaction, the reactor operators use so-called “control rods”. The control rods absorb the neutrons and kill the chain reaction instantaneously. A nuclear reactor is built in such a way, that when operating normally, you take out all the control rods. The coolant water then takes away the heat (and converts it into steam and electricity) at the same rate as the core produces it. And you have a lot of leeway around the standard operating point of 250C.

The challenge is that after inserting the rods and stopping the chain reaction, the core still keeps producing heat. The uranium “stopped” the chain reaction. But a number of intermediate radioactive elements are created by the uranium during its fission process, most notably Cesium and Iodine isotopes, i.e. radioactive versions of these elements that will eventually split up into smaller atoms and not be radioactive anymore. Those elements keep decaying and producing heat. Because they are not regenerated any longer from the uranium (the uranium stopped decaying after the control rods were put in), they get less and less, and so the core cools down over a matter of days, until those intermediate radioactive elements are used up.

This residual heat is causing the headaches right now.

So the first “type” of radioactive material is the uranium in the fuel rods, plus the intermediate radioactive elements that the uranium splits into, also inside the fuel rod (Cesium and Iodine).

There is a second type of radioactive material created, outside the fuel rods. The big main difference up front: Those radioactive materials have a very short half-life, that means that they decay very fast and split into non-radioactive materials. By fast I mean seconds. So if these radioactive materials are released into the environment, yes, radioactivity was released, but no, it is not dangerous, at all. Why? By the time you spelled “R-A-D-I-O-N-U-C-L-I-D-E”, they will be harmless, because they will have split up into non radioactive elements. Those radioactive elements are N-16, the radioactive isotope (or version) of nitrogen (air). The others are noble gases such as Xenon. But where do they come from? When the uranium splits, it generates a neutron (see above). Most of these neutrons will hit other uranium atoms and keep the nuclear chain reaction going. But some will leave the fuel rod and hit the water molecules, or the air that is in the water. Then, a non-radioactive element can “capture” the neutron. It becomes radioactive. As described above, it will quickly (seconds) get rid again of the neutron to return to its former beautiful self.

This second “type” of radiation is very important when we talk about the radioactivity being released into the environment later on.

What happened at Fukushima

I will try to summarize the main facts. The earthquake that hit Japan was 7 times more powerful than the worst earthquake the nuclear power plant was built for (the Richter scale works logarithmically; the difference between the 8.2 that the plants were built for and the 8.9 that happened is 7 times, not 0.7). So the first hooray for Japanese engineering, everything held up.

When the earthquake hit with 8.9, the nuclear reactors all went into automatic shutdown. Within seconds after the earthquake started, the control rods had been inserted into the core and nuclear chain reaction of the uranium stopped. Now, the cooling system has to carry away the residual heat. The residual heat load is about 3% of the heat load under normal operating conditions.

The earthquake destroyed the external power supply of the nuclear reactor. That is one of the most serious accidents for a nuclear power plant, and accordingly, a “plant black out” receives a lot of attention when designing backup systems. The power is needed to keep the coolant pumps working. Since the power plant had been shut down, it cannot produce any electricity by itself any more.

Things were going well for an hour. One set of multiple sets of emergency Diesel power generators kicked in and provided the electricity that was needed. Then the Tsunami came, much bigger than people had expected when building the power plant (see above, factor 7). The tsunami took out all multiple sets of backup Diesel generators.

When the diesel generators were gone, the reactor operators switched to emergency battery power. The batteries were designed as one of the backups to the backups, to provide power for cooling the core for 8 hours. And they did.

Within the 8 hours, another power source had to be found and connected to the power plant. The power grid was down due to the earthquake. The diesel generators were destroyed by the tsunami. So mobile diesel generators were trucked in.

This is where things started to go seriously wrong. The external power generators could not be connected to the power plant (the plugs did not fit). So after the batteries ran out, the residual heat could not be carried away any more.

At this point the plant operators begin to follow emergency procedures that are in place for a “loss of cooling event”. It is again a step along the “Depth of Defense” lines. The power to the cooling systems should never have failed completely, but it did, so they “retreat” to the next line of defense. All of this, however shocking it seems to us, is part of the day-to-day training you go through as an operator, right through to managing a core meltdown.

It was at this stage that people started to talk about core meltdown. Because at the end of the day, if cooling cannot be restored, the core will eventually melt (after hours or days), and the last line of defense, the core catcher and third containment, would come into play.

But the goal at this stage was to manage the core while it was heating up, and ensure that the first containment (the Zircaloy tubes that contains the nuclear fuel), as well as the second containment (our pressure cooker) remain intact and operational for as long as possible, to give the engineers time to fix the cooling systems.

Because cooling the core is such a big deal, the reactor has a number of cooling systems, each in multiple versions (the reactor water cleanup system, the decay heat removal, the reactor core isolating cooling, the standby liquid cooling system, and the emergency core cooling system). Which one failed when or did not fail is not clear at this point in time.

So imagine our pressure cooker on the stove, heat on low, but on. The operators use whatever cooling system capacity they have to get rid of as much heat as possible, but the pressure starts building up. The priority now is to maintain integrity of the first containment (keep temperature of the fuel rods below 2200C), as well as the second containment, the pressure cooker. In order to maintain integrity of the pressure cooker (the second containment), the pressure has to be released from time to time. Because the ability to do that in an emergency is so important, the reactor has 11 pressure release valves. The operators now started venting steam from time to time to control the pressure. The temperature at this stage was about 550C.

This is when the reports about “radiation leakage” starting coming in. I believe I explained above why venting the steam is theoretically the same as releasing radiation into the environment, but why it was and is not dangerous. The radioactive nitrogen as well as the noble gases do not pose a threat to human health.

At some stage during this venting, the explosion occurred. The explosion took place outside of the third containment (our “last line of defense”), and the reactor building. Remember that the reactor building has no function in keeping the radioactivity contained. It is not entirely clear yet what has happened, but this is the likely scenario: The operators decided to vent the steam from the pressure vessel not directly into the environment, but into the space between the third containment and the reactor building (to give the radioactivity in the steam more time to subside). The problem is that at the high temperatures that the core had reached at this stage, water molecules can “disassociate” into oxygen and hydrogen – an explosive mixture. And it did explode, outside the third containment, damaging the reactor building around. It was that sort of explosion, but inside the pressure vessel (because it was badly designed and not managed properly by the operators) that lead to the explosion of Chernobyl. This was never a risk at Fukushima. The problem of hydrogen-oxygen formation is one of the biggies when you design a power plant (if you are not Soviet, that is), so the reactor is build and operated in a way it cannot happen inside the containment. It happened outside, which was not intended but a possible scenario and OK, because it did not pose a risk for the containment.

So the pressure was under control, as steam was vented. Now, if you keep boiling your pot, the problem is that the water level will keep falling and falling. The core is covered by several meters of water in order to allow for some time to pass (hours, days) before it gets exposed. Once the rods start to be exposed at the top, the exposed parts will reach the critical temperature of 2200 C after about 45 minutes. This is when the first containment, the Zircaloy tube, would fail.

And this started to happen. The cooling could not be restored before there was some (very limited, but still) damage to the casing of some of the fuel. The nuclear material itself was still intact, but the surrounding Zircaloy shell had started melting. What happened now is that some of the byproducts of the uranium decay – radioactive Cesium and Iodine – started to mix with the steam. The big problem, uranium, was still under control, because the uranium oxide rods were good until 3000 C. It is confirmed that a very small amount of Cesium and Iodine was measured in the steam that was released into the atmosphere.

It seems this was the “go signal” for a major plan B. The small amounts of Cesium that were measured told the operators that the first containment on one of the rods somewhere was about to give. The Plan A had been to restore one of the regular cooling systems to the core. Why that failed is unclear. One plausible explanation is that the tsunami also took away / polluted all the clean water needed for the regular cooling systems.

The water used in the cooling system is very clean, demineralized (like distilled) water. The reason to use pure water is the above mentioned activation by the neutrons from the Uranium: Pure water does not get activated much, so stays practically radioactive-free. Dirt or salt in the water will absorb the neutrons quicker, becoming more radioactive. This has no effect whatsoever on the core – it does not care what it is cooled by. But it makes life more difficult for the operators and mechanics when they have to deal with activated (i.e. slightly radioactive) water.

But Plan A had failed – cooling systems down or additional clean water unavailable – so Plan B came into effect. This is what it looks like happened:

In order to prevent a core meltdown, the operators started to use sea water to cool the core. I am not quite sure if they flooded our pressure cooker with it (the second containment), or if they flooded the third containment, immersing the pressure cooker. But that is not relevant for us.

The point is that the nuclear fuel has now been cooled down. Because the chain reaction has been stopped a long time ago, there is only very little residual heat being produced now. The large amount of cooling water that has been used is sufficient to take up that heat. Because it is a lot of water, the core does not produce sufficient heat any more to produce any significant pressure. Also, boric acid has been added to the seawater. Boric acid is “liquid control rod”. Whatever decay is still going on, the Boron will capture the neutrons and further speed up the cooling down of the core.

The plant came close to a core meltdown. Here is the worst-case scenario that was avoided: If the seawater could not have been used for treatment, the operators would have continued to vent the water steam to avoid pressure buildup. The third containment would then have been completely sealed to allow the core meltdown to happen without releasing radioactive material. After the meltdown, there would have been a waiting period for the intermediate radioactive materials to decay inside the reactor, and all radioactive particles to settle on a surface inside the containment. The cooling system would have been restored eventually, and the molten core cooled to a manageable temperature. The containment would have been cleaned up on the inside. Then a messy job of removing the molten core from the containment would have begun, packing the (now solid again) fuel bit by bit into transportation containers to be shipped to processing plants. Depending on the damage, the block of the plant would then either be repaired or dismantled.

Now, where does that leave us?

* The plant is safe now and will stay safe.

* Japan is looking at an INES Level 4 Accident: Nuclear accident with local consequences. That is bad for the company that owns the plant, but not for anyone else.

* Some radiation was released when the pressure vessel was vented. All radioactive isotopes from the activated steam have gone (decayed). A very small amount of Cesium was released, as well as Iodine. If you were sitting on top of the plants’ chimney when they were venting, you should probably give up smoking to return to your former life expectancy. The Cesium and Iodine isotopes were carried out to the sea and will never be seen again.

* There was some limited damage to the first containment. That means that some amounts of radioactive Cesium and Iodine will also be released into the cooling water, but no Uranium or other nasty stuff (the Uranium oxide does not “dissolve” in the water). There are facilities for treating the cooling water inside the third containment. The radioactive Cesium and Iodine will be removed there and eventually stored as radioactive waste in terminal storage.

* The seawater used as cooling water will be activated to some degree. Because the control rods are fully inserted, the Uranium chain reaction is not happening. That means the “main” nuclear reaction is not happening, thus not contributing to the activation. The intermediate radioactive materials (Cesium and Iodine) are also almost gone at this stage, because the Uranium decay was stopped a long time ago. This further reduces the activation. The bottom line is that there will be some low level of activation of the seawater, which will also be removed by the treatment facilities.

* The seawater will then be replaced over time with the “normal” cooling water

* The reactor core will then be dismantled and transported to a processing facility, just like during a regular fuel change.

* Fuel rods and the entire plant will be checked for potential damage. This will take about 4-5 years.

* The safety systems on all Japanese plants will be upgraded to withstand a 9.0 earthquake and tsunami (or worse)

* I believe the most significant problem will be a prolonged power shortage. About half of Japan’s nuclear reactors will probably have to be inspected, reducing the nation’s power generating capacity by 15%. This will probably be covered by running gas power plants that are usually only used for peak loads to cover some of the base load as well. That will increase your electricity bill, as well as lead to potential power shortages during peak demand, in Japan.

If you want to stay informed, please forget the usual media outlets and consult the following websites:




Comment Re:Laisure Suit Larry (Score 1) 465

It is still available on my browser. Got the image from here:

right after the "Holding his breath and doing his very best to imagine that the hooker is someone that looks marginally better and smells a whole hell of a lot nicer, Larry dives in. "

Comment Re:No, not correct (Score 1) 456

I'll put it simple: I have worked with two cards: some intel at work, nvidia at home. The "chess" screen saver when turning, whatever figure should be "behind" when turning, it always appeared "first" on the intel graphics card when it was actually "behind" in the perspective. Always worked on Nvidia. Don't know if that's solved now, but I never had an issue with nvidia.

Comment Re:Yay (Score 1) 247

The thing is that in a NAT environment, all sessions from an organization behind a NAT4 device, all they see is the NAT device IP address, and not the real IP address of the systems the user is at.

If in a IPv6 NAT-less world, you have a firewall, but no NAT, you see what each individual IP6 address likes or diskiles, regardless the span of a "session" . That could be interesting for folks like Google to do "analytics" on what you browse. Also, it could be interesting for other folks if they narrow down that IP6 address to a name.

Comment Re:Yay (Score 1) 247

> I won't, since I don't think anyone is going to port scan me. >Here's an IPv6 address: 2001:0db8:85a3:0000:0000:8a2e:0370:7334, the bold bit is the local part. How much bandwidth is your script kiddie going to have to have to find 0000:8a2e:0370:7334 in the range 0-ffffffffffffffff? Simple, social engineering: just make some of those ip addresses "browse" a specific address you control, and you'll know specifically what each address is and fingerprint it. Loads of fun if you are or catch an ISP machine and what to "see" the little things some of your customers "browse"!!

Comment Re:Yay (Score 1) 247

>NAT is like having a chaperone, where all communication happens through a 3rd party. It increases network traffic, it makes peer-to-peer internet impossible. And it is not security. You only need to trick inside device to connect to outside device, and there goes NAT as security! And that is quite easy.

Mind to elaborate? Is there anything special in Ipv6 that makes a router any less hard to "trick"? Also, some NAT devices are not that easy to "trick" and have security certifications (Common Criteria).

on the other hand, in a NAT-less world, if you run a large organization, what good does it makes for an external web site or your ISP to know what each machine inside your network actually visits? Say you are a bank, or a .gob organization... now, instead of having all web access coming from one or two or three proxy/NAT addresses, you have a one-to-one connection from each pc in your network... is that difficult to "trick" someone you want to do something special now and address specific internal address of your organization from the internet?

I'm not against IPv6 itself, but the rage against NAT seems unjustified. If there's no need for it, it will go away alone. Now, there are people that might need NAT, as they don't want external addresses to "know" what each internal address of an organization browses or anything. For those, seems IPv6 is lacking some funtionality for no good reason.

Comment Re:So This Will Be the ... (Score 1) 419

>> The same reason you'd have to pay a second time to see a movie in theatre again, is it not?

No, I' guess there are different things if I'm using a theater: I'll be using again things such as HVAC, electricity, the seat, the guy that opens the door and proyects the movie. I should be able to get a discount if copyright stands. Otherwise, the copyright thing is just mumbo jumbo. I guess a format that wanted to charge every time I saw a movie died for a reason.

In any way the original poster is saying that the upgrade should be free, but if I own the right to see a movie at home in VHS or DVD, then the "price" should be cheaper for the upgrade as there is a portion of the product that I already own. Otherwise, oh $DEITY, I'd be forced to think that all those "download" trials based on copyright laws are just a big lie and all about people trying to make an easy buck on a corrupted law system!

Comment Re:Without dividends... (Score 2) 485

This looks like something from a Nokia fanboy, but it has some interesting numbers:

"The analysts want to position Nokia against Apple, it makes for good drama and a fun parlor game. But then they don't do fair analysis of Nokia. Nokia is not competing against Apple. Nokia's business is the phones business. The PC industry sells about 300 million personal computers of which Apple had about 4% last year. Most of the computer industry last year was not 'mobile'. The mobile phone industry sells about 1.3 Billion handsets globally, and Nokia had about 38% of that last year. Yes, Nokia alone sells more mobile phones than the total global size of the personal computer industry worldwide."

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