tepco hopes to do that within nine months. the government has drafted a bill to assist tepco with the compensation package. the utility has agreed to make provisional payouts while the bill passes through the diet. the operator of the fukushima plant has admitted that the reactor's backup cooling systems failed to function after the march 11 earthquake and tsunami struck. tepco revealed the plant's operation records on monday for the period following the disaster. the emergency backup systems were supposed to cool down the reactors when all external power failed. the one at the number one reactor worked for less than 10 minutes, and did not function for three hours. the utility suspects that workers had manually shut down the system as pressure in the reactor had dropped so low they were afraid of damage. another backup system at the number one and two reactors lost power when the tsunami engulfed the batteries. tepco is still analyzing the data to assess the impact of the failure on the fuel rods. tepco says dozens of power g

. >>> tepco will release its earnings report today. ai uchida from the business desk gives us the details. >> hi there, welcome to "newsline business." tokyo electric power company, or tepco, is expected to post an historic loss of around $15 billion in the fiscal year ended march. this is due to the huge cost of recovery efforts arising from the recent disaster. a source close to tepco says the company will allocate $5 billion to stabilize the troubled fukushima daiichi reactors. it also needs to earmark funds for future decommissioning of the reactors and restarting suspended they were thermal power plants. the extraordinary loss brings the overall deficit to $14.7 billion, which is the largest in the company's 60-year-old history. tepco will have to go through another difficult year in fiscal 2011 as compensation for evacuees and affected businesses will increase. to raise cash, the firm plans to sell assets such as its resorts and sports facilities, as well as stock holdings of affiliate companies. it will also implement salary red

the first is that tepco should be primarily responsible for payouts. the second is that an organization of japanese power companies will be set up to support tepco's compensation. another point is that the japanese government will inject public funds into the new organization. and plus, that the government committee will oversee tepco's management and finances to ensure that the company provides a stable power supply. however, this entire plan has to be approved by parliament. analysts say this scheme should be received positively because it draws a line between the responsibilities of tepco and japanese government commitments. >> translator: one thing that's clear is that somebody has to pay a huge amount of compensation. the scheme leaves tepco as a prior company, and the firm will have to bear the brunt of the compensation payouts. it's good that the government won't be left to shoulder all the financial burden. >> nakazura says tepco should make steady progress under this scheme to stabilize the market. >> translator: tepco should continue corporat

tepco usees four devices to measure internal radiation exposures. it plans to introduce five more devices in july. >>> the power company has a duty to ensure workers are not exposed to more than the emergency limit. it looks as though it has been exceeded in some of the workers. the workers say they are ill-equipped to protect themselves from internal radiation exposure. >> these come off easily and i breathe in radioactivity. worker safety isn't a top priority. >> experts say their exposure levels need to be monitored closely. >> translator: other workers must be working in similar high-risk conditions, so they must be all scanned for internal exposure. it's very important to have the whole picture and countermeasures. >> translator: the government wants tepco to speed up its testing procedures with whole body counters. it should also examine measures on its own. >> we are joined with business news. what's the latest? >> thanks, katherine. the japanese government released several economic indicators for the month of april. let's start with jobs dat

tepco uses four devices to measure internal radiation exposure. it plans to introduce five more devices in july. >>> the power company has a duty to ensure that workers are not exposed to more than the emergency limit. it looks as thousagh it's been some of the workers. they are ill equipped to protect themselves from internal ra radiation exposure. . >> experts say their exposure levels need to be monitored closely. >>> in other news, north korea is vowing to cut off military communications with south korea. the country says it will no longer deal with the administration of president bak. north korea's national defense commission issued a statement on monday saying the country will sever military communication lines on the east coast and shut a liaison office. the decision allows remarks -- the decision follows remarks the president made on may 9th. during a visit to germany, he urged north korea to abandon its nuclear ambitions and also said he's ready to inve north korean leader kim jong-il to a nuclear security summit if the country agrees to

tepco decided to release the water into the sea. he says tepco should have done something before releasing the water in the pacific ocean. he thinks the company's ability to control the plant has deteriorated. >> our generation thought we had to be very careful and competent to deal with nuclear power, but as time went on, ordinary people began to take care of nuclear power. there were only a few nuclear power plants in the past, but the number increased to 30, 40, and more. the downside is people stopped feeling nuclear power should be treated with special caution. >> so what is japan's government going to do to strengthen the nuclear safety? >> the government is going to make the nuclear and industrial safety agency more independent. the ministry of economy, trade and industry says they should start discussions on the separation of nisa from the ministry. the government also says it will examine what went wrong at the plant. it says the result of that investigation must be disclosed not only to the japanese people but to the world

leaked at the number one reactor. >>> tepco says the density of radioactive cesium above the number one reactor is 18 times the permissible level for the edge of the plant's compound. large amounts of radioactive substances have been released into the air since reactor cores and buildings were damaged but measurements were not available. on sunday, tepco began measuring the density of radioactive elements above the number one and number four reactors. the firm used instruments attached to the crane pumps that are injecting water into the reactors. president utilities detected 360 becquerels of cesium 134 per cubic meter, the amount 18 times the allowable limit for the plant's perimeter. the firm also discovered 7.5 times the limit of cesium 134 above the number four reactor which has no fuel in its core. the substance is believed to have come from the fuel storage pool and the neighboring number three reactor. tepco says it will measure the levels of radioactive elements above the number two and number three reactors. it also plans to cover the reactor buildings with polyester sheet

tepco says its operation to cool the number one reactor will be carried out safely. the company is planning on filling the reactor's containment vessel with enough water to bring the temperature below 100 degrees celsius. on thursday, the nuclear and industrial safety agency approved tepco's assessment plan. the company says it hopes to start work as early as friday. tepco says about 7400 tons of water will have to be pumped into the containment vessel for the cooling process and says the vessel and reactor building will both be able to withstand the weight of the water. the company plans to increase the amount of feed water into the reactor to 8 tons per hour from the current 6 tons in hopes of filling the containment vessel within 20 days. >>> friday marks one year after the monju experimental fast breeder nuclear reactor resumed operations in japan. there's no clear prospect for a research and development program involving the reactor amid growing safety concerns following the nuclear disaster in fukushima. the reactor resumed operations on may 6th last year after

tepco said they're going to close the reactors.s far as getting residents back in their homes, there's no prediction. tepco simply saying they cannot make a prediction. they can't say anything about what it's going to look like going ahead. if you look at the amount of damage and still the ongoing crisis there, it's certainly understa understandable, but this is an electric company that's got its hands full. and looking at the losses today and all the talk about how much the government may or may not have to help is going to be very difficult to not see some sort of outcome where the taxpayers are going to have to pick up part of this tab. >> that's right. we're talking a about $50 odd billion as compensation. is there any way of knowing yet how those numbers are going to be broken down? >> we expected to see maybe some sort of sign about how much compensation is going to be handed out, but right now tepco says that they don't have it. there's not really a clear picture of exactly when hard cash is actually going to end up in the h

tepco discovered contaminated water leak into the sea in april and again earlier this month. the utility has since taken measures to prevent further leaks. >>> a group of parents of schoolchildren is calling on the government to lower its radiation limit for children. >> imagine if your child were exposed to radiation. >> the group is from fukushima prefecture where the crippled fukushima daiichi plant poses the threat of nuclear contaminati contamination. monday members of the group submitted to the education ministry a petition with more than 15,000 signatures. after the accident at the plant, the government set the yearly limit for accumulated external radiation for children at 20 millisieverts. the parents say the level is too high and are demanding that it be lowered to 1 millisievertmil the level recommended by the international commission on radiation protection. >> the education ministry should do everything it can. >>> the u.n. says it will study the effects of irradiation from the accident at the fukushima nuclear plant using data provided by the japanese government

tepco announced in april it plans to reduce the radiation in three months. in six to nine months, they plan to control the release of radioactive materials and cool down the reactors. the president of tepco again has apologized to communities affected by the nuclear power plant accident in fukushima. they visited the headquarters in iwake city. more than 90% of the town's residents have already evacuated voluntarily. the remaining residents are being asked to prepare to make a possible emergency evacuation. >>> in reply, the mayor demanded that adequate compensation for evacuees be provided. >> on the same say shimizu met the head of other plants. the government has told residents in other parts to evacuate by the end of this month. >> shimizu visited a facility where residents have taken shelter. >>> south korea has conducted its first ever major drill at a nuclear power facility. the exercise was prompted by the crisis at japan's fukushima daiichi plant and comes as concerns about nuclear power plants are growing among south koreans. the drill on wednesday

what tepco did was look up tsunamis of the past. it would be sufficient for a tsunami and the government considers the preparations sufficient, but as we know, this level of preparedness turned out to be insufficient and particularly recently it has been discovered in the area of the recent disaster a massive earthquake hit 1,100 years ago and a tsunami large enough to flood areas far from the coastline also occurred. if the guidelines of the government have been more specific and better and had taken into consideration this massive tsunami, the situation could have been a lot different. >> the assumptions on earthquake and tsunami are about to be revised and what will be the focus from now on? >> because the 50 meter height tsunami hit, all of them should shift before the tsunami wave. however we have to study why we were not able to assume or predict this earthquake and this should be a thorough discussion by the experts, not only by atomic energy and the experts as well. however it's important to keep in mind that no matter how h

nishiyama said tepco only needs to put in enough water to make the system work. he expects the utility will likely change its strategy and inject water to the minimal level. >>> the japanese government has officially decided on a framework for helping tokyo electric power company to pay compensation for the nuclear emergency at the fukushima daiichi plant. in a new framework, a new state-backed institution will be set up to facilitate payments to those effected. the new body will receive financial contributions from electric power companies that own nuclear power plants in japan. the government will inject public funds by allocating to the institution a special type of bond that can be cashed whenever necessary. the new body would annually return a certain amount of money from tepco to the state's coffers. the framework also says the government will back up tepco if a stable power supply is threatened. but the government must pass necessary legislation in the diet to realize this framework and the process is expected to face rough going. the total size of compens

tepco detected high concentrations of strontium 90 on sunday in samples taken on april 18th inside the plant's compound. the amount is about 130 times higher than before the accident at fukushima daiichi. the prime minister's nuclear adviser said on monday a detailed investigation is necessary to determine how the radioactive substance was scattered. that should include an analysis of past data. once inhaled, the radioactive strontium accumulates in bones like calcium and could cause cancer. until now the government has not checked strontium levels regularly or in wide areas because it's not easy to distinguish from other radioactive materials and takes time to measure. >>> the operator of the hamaoka nuclear power plant says it will set up a task force to find ways to address possible power shortages this summer. the chubu electric power company decided monday to comply with prime minister naoto kan's request to suspend operation of all the reactors in the plant. >> translator: we're taking the request from the prime minister very seriously. we need to prioritize safety. the very basi

tepco says the injection resumed after more than four hours. the operation was suspended also on saturday. the utility says the stoppage caused only a minor change in pressure inside the containment vessel and there is no risk of a new hydrogen blast. hydrogen is created when nuclear fuel reacts with water and pressure builds up inside the containment vessel. tepco is trying to identify the cause of the problem. >>> now from the business desk, ahead of the g-8 meeting prime minister naoto kan released the new energy policies for japan. >> that's right. good morning to you. as catherine said, naoto kan said on wednesday that japan aims to dramatically reduce its reluctance on fossil fuels and nuclear energy. he said they plan to have 20% of electricity come from renewable sources. kan spoke at the organization for economic forum in paris on wednesday ahead of the g-8 meeting. attendees included hillary clinton and jose baroso. >> translator: it is the country's responsibility to analyze the accident and inform the global community and future gen

tepco's share price certainly taking a hit on that news. ramie inocencio joining us. investors didn't like what they heard. >> the thought of billions of dollars in losses as well as the loss of the future reactors would make investors nervous about tepco. that's what we're seeing in reaction to tepco shares today. let me bring up this chart right here. today tepco shares tumbled the most since april 5th, closing down more than 9.5% at close, 380 yen a share. this is adding to massive decline since march 11th, the day of the quake and the tsunami. shares are now down about more than 82% since that fateful day of the quake and the tsunami. this follows tokyo's call to tepco's lenders to forgive precise is loans as the utility tries to recover. the share price in japan's three largest banks also slid. the president of mitsubishi fj, said those comments came out of the blue and i felt there was something wrong about them. the financial times estimates that the damage caused is estimated at $25 billion. japan's major companies decided not to issue numbers because of suppl

tepco has gone more than $15 billion into the red.o japanese country outside the financial sector has lost more. the company's president has said he will resign and take responsibility for the worst disaster since chernobyl. >> i would like to take responsibility for losing the credibility of nuclear safety and causing the public anxiety and concern. therefore, i wish to resign from the post of ceo. >> more than 80,000 people have been robbed of their homes by the crisis. 20 kilometers around a power notion is still in the ozon-- a go zone. the compensation could run to over $100 billion. the priority of the country is not just of the victims get paid, but that the lights stay on in tokyo. the plan is to use taxpayer money to help. in return, tepco will have to submit to a major restructuring. roland berger for bbc news in tokyo. -- roland burke for bbc news in tokyo. >> in a virginia court room, three men pleaded guilty to piracy for their roles in the hijacking of a yacht that left four americans dead. on the high seas, this battle

it used to made in the tokyo area in a plant that was run by tepco. they may have to reduce electricity supplies this summer. honda's move is aimed at stable production of the new model. however, chubu, which supplies electricity to another plan, plans to shut down its nuclear plant as requested by the government due to concern about future earthquakes. honda says it will study how the shutdown will affect output. >>> toshiba is trying to acquire a swiss maker which has operations in 30 countries and annual sales worth about $1.3 million. they make so-called smart meters that can help reduce household power conassumption. the -- consumption. the meters keep track of energy use. given the growing demand for the meters, the sale price is expected to reach as much as $2 billion. sources say toshiba is aiming to become a leader in the field amid rising interest in smart grids around the world. concerns over power shortages in japan following the march 11 disaster may also be a factor. >>> a u.s. credit rating agency has downgraded greek debt by another tw

. >>> tokyo electric power company or tepco said on thursday that the number one reactor at the fukushima daiichi nuclear power plant is believed to be in a state of meltdown. >> translator: considering that the fuel rods are likely to have melted and fallen to the bottom of the reactor, we can say that the number one nuclear reactor is in a state of meltdown. >> earlier in the day it found the coolant water in the reactor was at a level that would completely expose nuclear fuel rods if they were in their normal position. judging from the reactor's surface temperature, tepco believes that the melted fuel is being cooled down. however, it suspects the meltdown may have damaged the bottom of the reactor causing water to leak into the containment vessel. it also suspects that water is leaking into the reactor building. the company is planning to fully fill the containment vessel with water by increasing the amount injected. the company says, however, it must review the plan in a lot of latest finding. the revised plan is due to the released on tuesday next week. tepco also says that an opera

position to take control of the plants they will have to depend on the professionals who work for tepco so they're not really able to take it over they may be able to take over the decision making at all to meet me it still will be telco who is on site and who is actually operating and operating the recovery and the crisis management and trying to contain the situation so it won't be the government of japan but it certainly does mean that affairs are much more serious than we were told earlier just plant has been melt down for a while we were not told that for a long time probably because tepco did not even realize it for a long time i have a rule of thumb that i tend to go by which is that anything that is publicly stated is probably around ten to twenty percent of what's true so it will take us it will take us probably years to know the extent of the contamination and the extent of the fuel melting the best case scenario the situation is that it will take months to begin to stop the leaking of radiation from these reactors. disaster has forced a rethink on safety around the world call

been leaking radiation say for two months now japanese government has agreed to help the operator tepco compensate the victims of the nuclear crisis however professor robert jacobs from the hiroshima peace institute believes the rescue plan shows just how critical the situation has become . the government of japan is really not in a position to take control of the plants they will have to depend on the professionals who work for tepco so they're not really able to take it over they may be able to take a decision making little timidly it still will be tempting who is on site and who is actually operating and operating the recovery and the crisis management in trying to contain the situation so it won't be the government of japan but it certainly does mean that affairs are much more serious than we were told earlier this plant has been not down for a while we were not told that a long time probably because tepco did not even realize it a long time i have a rule of thumb that i tend to go by which is that anything that is publicly stated is probably around ten to twenty percent of what's t

they had a tough week last week after the bailout of the tepco. i think you can read too much into these numbers. a little bit of buying going on. nikkei up, nearly 1%. hong kong by a half. shanghai, almost 1%. there's so much, well, dubious economic news that this rally not having any legs at least at this stage. >> there is at the moment. there's a lot of concern over what's going to happen for the direction of the interest rates across the u.s. and the uk. meantime it was dominated by falling housing stocks and was a pretty grim outlook from hewlett-packard. at the end of the session the dow was off by half a per senn and the nasdaq was pretty much unchanged. ending the day just below the waterline. so a lack luster performance. the index was flat. we'll see whether the rally we're seeing in europe today continues when the u.s. markets open, andrew. >> okay. looking at dell, nina, we look to hp earlier. the two heavyweights of the pc world and mixed results for dell. we had pretty bad results coming out. dell says that its pc sales dipped in th

last government dedeon framework to help tokyo electric power companyr tepco pay damages. the plan asks other power cospeti nle plants to contribute funds for compensation paut in a petition submitted to the natural resources andney ency o federation of electric power mpie lts requests before the new framework can take ap eomnies first ask the government for a full platn w ty are being asked to help tepco pay damages. they also asked fdeil about the scope of compensation, as they say the plan might force emo psn costs to customers, to consums,raer roh higher power bills. the companies say the government should be hdesnsible for compensation payments as it has long pmod clr wein jan. >>> a japanese venre fmas unveiled a new electric car. each of its fourhes h i own motor. th coyoto-based venture says it runs 33 kilometers per charge and is as practical as a gasoline-powered car. the company now handles solar batteries and plans to produce the vehicle in three years. it was jointly developed by firms based on technologies provided byk. universi. >> the electric vehicle techn

that is why tepco decided to send a team. >> the engineers will spend 15 minutes in the building. they will be exposed to three milseverts of radiation there. >> there are working in groups of four. their job is to install a new ventilation system and they expect that will take three, four days. the system will filter radioactive material from the air. they hope this will reduce radioactivity in the building, allowing work on a new cooling system to begin. the old cooling system was knocked out by the march earthquake and tsunami. >> our ultimate goal is to cool down the reactor, which means that the temperature of the fuel rods should blow below -- should fall below 100 degrees celsius. amoco to restore cooling to the six reactors and six months. in nine months, they're hoping to have the situation at the plant under control. >>> palestinian president mahmoud abbas and chancellor angela merkel have wrapped up their talks in berlin. we will be looking at what they had to say coming out, as well as the new palestinian efforts to gain independence. stay with us for that. >>> thank y

still going on is probably no means over this crisis as is the blame game will say no by no means tepco has regularly come under fire hasn't the miscalculating the severity of the situation do you think it's time for the japanese government to take back control of the sea but my feeling is that tepco never really miscalculated anything that it was just trying to cover everything not from the very beginning and the problem is that enough people are not measuring things for them no longer to be able to sustain the idea that there's nothing happening there which they which they presented from the beginning and i think yes of course it's time for the japanese government to take control but having said that it's very hard to know how you could take control of the situation the situation is essentially out of control and i believe personally that it's a global problem and not a japanese government problem only but of course the japanese government or the people at the point have to do something not well known that japan has given itself a nine month deadline to sort out what do you mean by th

where in laying out what tepco is defining as the worst case scenario also had full meltdowns.says a major part of the fuel rods in this worst-case scenario in reactor number two may have melted and fallen to the bottom of the pressure vessel about 101 hours after the earthquake and tsunami. in reactor three it happened 60 hours post-disaster. this melted fuel, if this scenario is correct, is sitting at the bottom of the pressure vessel in each reactor building. the fuel is being kept cool at the got o the pressure vessels. tepco also simultaneously released a slightly more optimistic scenario in which the rods did not melt but broke. a partial meltdown it if you will. if you follow the worst case plan across the board, they believe a meltdown did indeed happen, not just in reactor one but two and three as well. >> kyung, thanks very much for that update. two more reactors suffering a meltdown after the march 11 catastrophe with the tsunami and earthquake. charles? >>> andrew, the mystery concerning the crash of air france flight af-44 in 2009 two years ago may soon be solved.

tepco announced the plan on april 17th detailing 51 measures to be implemented over next three months for the first stage. the most important steps involve the cooling of the reactors. these include pumping water into the reactors, injecting nitrogen into the containment vessels to prevent a hydrogen blast and filling them with water. the company's also considering installing heat exchangers. workers have entered the number one reactor building to make preparations for ejecting water into the containment vessel. on tuesday they began calibrating the water gauges. but high levels of radiation have been detected inside the number one building, and experts say it may force tepco to change its work plan. in addition, none of these measures have been carried out at the three other reactors apart from pumping water into them. >>> the japanese government plans inform schools in fukushima prefecture that burying radiation topsoil into the ground is a way to reduce the radiation level. the education and science ministry concluded this after conducting an experiment at a school in fukushima cit

members were later briefed on how a series of problems developed at daiichi plant and how the operator tepco responded. a team then went to the daiichi plant to inspect number one, two, three, and four reactors. they were also told about the number six reactor's emergency diesel generator which operated normally. the iaea team plans to submit its inspection report to the japanese government on june 1st. >>> g-8 leaders have called on the international atomic energy agency to establish new international standards for nuke power plants in the earthquake-prone areas. a declaration on nuclear safety was announced friday prior to the conclusion of the tuesday summit in the french city of deauville. in the joint declaration leaders urged the iaea to create new international standards for the construction and operation of nuclear power plants in areas with high risk of terror attack and earthquake. the document says major industrial countries will revise the existing treaty on nuclear safety. it also announced the need to take into account locations when new plants are built to avoid a concentratio

in tokyo, traders had their first chance to react to tepco.es of tepco had already nose dived more than 80% since the march 11 earthquake and tsunami. it dropped today as you see by another 9%. >>> that's it for this edition of "world business today." thanks for joining us. i'm andrew stevens in hong kong. >> i'm nina dos santos here at cnn london. "world one" is next.

tepco plans to reduce the humidity by instalng the heat exchangers in the building next to the reactor. the exchangers will take in the hot water from the pool and circulate it back after it's cooled. the utility says it hopes to start using them this month to reduce the temperature of the pool from around 80 degrees celsius to about 40 degrees celsius within a month. tepco hopes to install the exchangers at the number one and three reactors next month and at the number four reactor in july. >>> prime minister naoto kan will leave for france on tuesday to attend the g-8 summit where he's expected to discuss nuke safety. the meeting will take place in normandy on may 26th and 27th. it will be the prime minister's first trip overseas since the march 11th earthquake and tsunami. during the six-day visit to europe, kan wants to convey that japan is a safe country despite the disasters. deputy chief cabinetecretary fukuyama said the prime minister will emphasize the country's readiness to disclose information about the events at the fukushima daiichi plant. the prime minister will explain j

his resignation comes on the same day that tepco posted a $15 billion loss. it's the biggest annual loss ever for a japanese company. tepco also warned about its ability to survive, as it faces billions of dollars in liabilities following the march earthquake. >> tom: the unemployment rate in most states is dropping. 46 states had lower unemployment rates in april compared to a year ago, according to a labor department report out today. and only eight states registered unemployment rates at 10% or higher. nevada had the highest jobless rate in the country and 12.5%. the lowest was in north dakota and 3.3%. >> tom: it's been two and a half months since a trio of disasters hit japan: the earthquake, tsunami and subsequent nuclear crisis. the japanese economy has shrunk, but tonight's market monitor sees opportunity for investors. jeff everett is founder and portfolio manager at everkey global partners. always nice to see you, jeff, welcome back. >> thank you. >> tom: why japan? why now? >> well, recoveries take time. a lot of people it's probably the most contr

people gather belongings and check on their properties want to see the company operating the facility tepco turned to the japanese government to help pay tens of billions of dollars in compensation to the evacuees senior u.s. and chinese officials have been put on a show of smiles just like this is not far behind they've been meeting to try and fix the cracks in their shaky relationship and consensus won't come cheap was artie's christine fratto explains. they say you should keep your friends close. and your enemies closer and as far as where china fits perceptions continue to evolve at this year's u.s. china strategic economic dialogue an attempt by officials from both the u.s. and china that friendship we each recognize that our ability to work together is important to the overall health and stability of the global economy. to be a friend of the people of china and the united states live in the same. kinds of you on the west side we want to leave. the purpose to open communication on concerns like the debt ceiling in the u.s. and the rate of currency appreciation in china and join concern

. >>> the president of tepco have stood down.ollow a reported loss of 15 president $4 billion after the nuclear crisis that fall on japan's tsunami and earthquake. tepco also announced that it will shut four reactors at the plant and it has abandoned plans to build two more reactors at the fukushima site. >>> the family of a south african photojournalist missing since april are abandoning hope that he's still alive. they say they believe he was killed. two american journalists just released by libya told various newspapers they were there when he was shot. >>> nearly a week after he was arrested on charges of attempted rape, dominique strauss-kahn is expected to be released on bail today. the former head of the international monetary fund has been locked up in new york's notorious rikers island prison. the judge granted him bail on a mill and another $5 million. those conditions are quite extraordinary. >> they are pretty extraordinary. given that the judge said strauss-kahn was a serious risk of flight, he still guaranteed him b

people who gather belongings and check up on the property on tuesday the company operating the facility tepco turned to the japanese government to help pay tens of billions of dollars in compensation to evacuees. so u.s. and chinese officials would put on a show of smiles despite the suspicion that looks not far behind they've been meeting to try and fix the cracks in a shaky relationship consensus will come cheap and so it is christine freezone explain. they say you should keep your friends close. and your enemies closer and as far as where china feds perceptions continue to evolve at this year's u.s. china strategic economic dialogue an attempt by officials from both the u.s. and china that friendship the purpose to open communication on concerns like the debt ceiling in the u.s. the rate of currency appreciation in china and joint concerns about the environment we both have a great state encouraging climate change and charting a clean and secure energy future currently china is the second highest producer in the world of renewable energy technology the u.s. seventeen the overriding theme f

radiation into the sea for two months now the japanese government has agreed to help the operator tepco compensate the victims of the crisis but professor robert jacobs from the hiroshima peace institute will use the rescue plan shows just how critical the situations become. affairs are much more serious and we were told earlier this plant has been in meltdown for a while we were not told that for a long time probably because tepco did not even realize it for a long time even though the releases of radiation is certainly implied to many people and many people did say that first week that the plants were melting down so it it definitely is a much more serious situation then we have been led to believe. there's very good reason to believe that there is much more serious situation going on in reactor number two and reactor number three and also in the spent fuel pool in reactor number four i have a rule of thumb that i tend to go by which is that anything that is publicly stated is probably around ten to twenty percent of what's true so it will take us it will take us probably years to kno

this plant has been in meltdown for a while we were not told that for a long time probably because tepco did not even realize it for a long time even though there were leases of radiations certainly implied to many people and many people did say that first week but the plants were melting down so . it definitely is a much more serious situation then we have been led to believe. there's very good reason to believe that there is much more serious situation going on in reactor number two and reactor number three and also in the spent fuel pool in reactor number four i have a rule of thumb that i tend to go by which is that anything that is publicly stated is probably around ten to twenty percent of what's true so it would take us it would take us probably years to know the extent of the contamination and the extent of the fuel melting. there are some more international headlines for you this hour . eight people have been killed one for the western pakistan after two explosions at a primary training center there were training. civilian casualties they say both lost are caused by suicide atta

this plant has been milked them for a while we were not told that for a long time probably because tepco did not even realize it for a long time even though the releases of radiation certainly employed to many people and many people did say that first week that the plants were noting down so it it definitely is a much more serious situation then we have been will lead to believe there's very good reason to believe that there is much more serious situation going on in reactor number two in reactor number three and also in the spent fuel pool in reactor number four i have a rule of thumb that i tend to go by which is that anything that is publicly stated is probably around ten to twenty percent of what's true so it will take us it will take us probably years to know the extent of the contamination and the extent if you will melting. for more on how japan's nuclear crisis is affecting people around the world a lot on to our t. dot com where we can show you how natural disasters could fuel our pocalypse this year with many thiering the worst is yet to come we take a look at how people are pa

exactly what exploded, though, some type of tank, but as this point, tepco can't tell us exactly what tank or how much was damaged. or how big. >> thank you for that update. joining us live from tokyo. >>> charles, i should add, tepco is just being downgraded on its own ratings. junk status. no surprise there. >> i suppose not. >>> switching gears and look at the weather, because mother nature's been putting on quite a show, it seems, off the coast of new south wales in southeastern australia and joining us from the international weather center. good morning. >> good morning to tu, charles. you hardly see anything more spectacular than something we are about to show you. this near aboca beach along the southeast coast of australia. here we've got a fairly vigorous weather system, but take a look at these spectacular pictures that were recorded just about 24 hours ago. that is a waterspout, and, yes, they starts off fairly benign, but it wasn't just one. there were three altogether. was no threat, except maybe to maritime boaters, and that's just about it, but this generally happens wh

plant operator tepco decided to allow workers inside after a robot found radiation levels inside the building to be safe. >>> the latest on the gas prices they keep climbing. in some areas the price per gallon has jumped 62 cents in just two months. today, the national average hit $3.99, actually lower than d.c. which it $4.17 today. maryland $3.99. virginia, $3.88. >>> still to come -- >> we just didn't know where she is. >> one week after twisters wipe out homes and entire towns hope is dwindling in the hunt for hundreds of missing loved ones. >>> get ready to pay a lot more for one local road. would you pay $20 tolls? >>> hello usa the royal newlyweds are getting ready to see the states. all of that and a look ahead for the weather this weekend. is promise me low prices. and stick to it. like seriously low prices. [ male announcer ] a at safeway, we made a promise of low prices. and we're keeping it. [ female announcer ] take our fantastic club card specials like driscoll berries, they're buy one, get one of equal or lesser value free. i need to know that when i'm here the low pri

tepco reports about 1,000 outages right near the shops and restaurants. no injuries reported at this time. good evening. i'm jim vance. >> and i'm doreen. >> there are some doubts about the pictures taken after bin laden was killed. craig? >> recently we found out that president obama has invited former president george w. bush to travel with him thursday to ground zero. bush declined that invitation saying he was going to return in september to commemorate the anniversary of the 9/11 attacks. meanwhile, as we begin to hear more details about the killing of osama bin laden, we are also hearing more about the stateside secrecy that was essential to pull it off. after eight months of reconnaisance and planning, it took nearly 40 minutes for the s.e.a.l.s and special ops to take out osama bin laden. originally senior white house officials said he was armed and used his wife as a human shield. tuesday a clarification. >> a woman, bin laden's wife, rushed the assaulter and was shot and not killed. osama was then shot and killed. he was not armed. >> the out ko