 seem to be real down to earth people. Sometimes you just can’t get that kind of service at a big dealership. Many thanks to them for letting me browse through the collection, I really enjoyed it.
The focus of this week’s RBNZ meeting is on details of the Funding for Lending (FLP) program. We expect this program would be implemented before the end of the year and would be the key policy tool of the central bank in the future. Concerning other monetary measures, the OCR will remain unchanged at 0.25% while QE will stay at the NZD100B cap. While acknowledging positive economic developments, policymakers will likely downplay the near-term strength. They would maintain a dovish message, warning of the uncertainty of the pandemic and the negative economic impacts of the restrictive measures.
On economic developments, the overshoot of housing price should have caught policymakers’ attention. Median prices soared +11.1 % in the year to September, while the median price in Auckland reached nearly NZD1M. Prices rose +2.5% across the country in September compared with August. On other indicators, the unemployment rate increased to 5.3% in 3Q20, from 4% a quarter ago. Despite the increase, it came in better than RBNZ August forecast of 7%. Meanwhile, the participation rate also increased to 70.1% from an upwardly revised 69.9% in the second quarter. Higher participation might signal improved confidence over the job market. Business sentiment also improved. NBNZ’s business outlook recovered to pre-pandemic level of 15.7 in October, from -28.5 in the prior month. The own activity index returned to the positive territory (+4.7 vs September’s -5.4). On inflation, headline CPI eased to +1.4% y/y in 3Q20 from +1.5% in the prior quarter. This came in worse than consensus of a pickup to +1.7%. From a quarter ago, inflation picked up to +0.7%, from -0.5% in 2Q20. However, this was still weaker than RBNZ’s forecast of +1.1%.
We expect policymakers to downplay the short-term economic strength, but focus on the downside risks in the medium- to long-term. The members would remain dovish as it unveils details of the Funding for Lending (FLP) program. We expect the program to begin as soon as possible, likely by end of the year. The size could be around NZD 30-50B, at interest rates not higher than the OCR. As the objective of the program is to effectively lower the retail lending rates, there should be minimal conditions attached to the program. Concerning other monetary policy tools, we expect RBNZ leave its QE program, the Large Scale Asset Purchase (LSAP), unchanged at NZD 100B at least until June 30, 2022. Cumulative purchases are approaching NZD40B. We do not expect the members to raise the cap as the focus appears to have shifted to FLP.
Concerning the policy rate, RBNZ should keep the OCR unchanged at 0.25%. It will reiterate the forward guidance that the OCR will be held at 0.25% until March next year. We believe the central bank to reaffirm that negative rates remains an option, though it is unlikely to be adopted any time soon. Moreover, we expect RBNZ to maintain its practice and not publish the OCR beyond the March 2021 quarter.
Could the Entire Pacific Fishery Be Tainted by Fukushima?
80,000 gallons per day of radioactive water, for 942 straight days, dumped into the Pacific — and counting.
Distracting the public from the 300 tons of highly radioactive water (80,000 gallons) spreading into the Pacific Ocean every day from the triple reactor melt-through at Fukushima-Daiichi, is news of the plan to build an underground “ice wall” to damn up the poisoned water before it leaks to the sea. The project is reportedly a better plan than the failed concrete wall that Tokyo Electric Power Co. (Tepco) first decided to build.
This frozen finger-in-the-dike won’t be completed until 2015, and it will then fail. Even if it were to work as planned, there is a risk of reversing the water flow, forcing highly radioactive water to seep out from the reactor buildings to the aquifer. Meanwhile, nothing is slowing the relentless radioactive contamination of the Pacific — the world’s largest ocean which covers about a third of Earth.
What we’re being distracted from is the threat to the fishery caused by Fukushima’s ongoing radioactive gusher. At least 300 tons of cesium- and strontium-contaminated water is still spewing into the Pacific every day. Tepco admitted in August that this massive carcinogenic hemorrhage has been going on since March 11, 2011. It amounts to about 85 million gallons — 80,000 gal. per day, for 942 days, dumped into the Pacific — and counting.
Where have all the Becquerels gone?
Japan has decided that fish contaminated with fewer than 100 Becquerels per kilogram (Bq/kg) of cesium-137 is good enough to eat. Some local officials have set a stricter bar of 50 Bq/kg.
In the U.S. the permissible level of cesium in food is 1,200 Bq/kg. Canada allows 1,000 Bq/kg. The difference is startling. The huge discrepancy allows importation by the U.S. and Canada of what Japan considers highly contaminated fish, vegetables and meat. Rice, fish, beef and other Japanese exports poisoned by nuclear power’s single worst nightmare is doubtless being consumed in the United States.
Gordon Edwards, president of the Canadian Coalition for Nuclear Responsibility, told Canada’s CTVnews that the 1,000 Bq/kg allowance is dangerous. “It has to be recognized that even Health Canada acknowledges that even those level correspond to an increased cancer risk of eight cancers per 1,000 people exposed over a 70-year period. So these are not safe levels, even by Health Canada’s own standards,” he said.
The Seattle Times reported last October that researchers found small amounts of Fukushima’s cesium in albacore tuna caught off the coasts of Washington and Oregon. The albacore warning followed the May 2012 and Feb. 2013 findings of cesium-contamination in Blue fin tuna caught off California.
The Huffington Post said Aug. 28 that out of 170 types of fish tested in the Fukushima area, 42 species were put off limits. CBS News put it a little differently Aug. 20, noting that in the same region only 16 types of fish are considered safe to catch, compared with 150 types before the catastrophe. Japanese public television reported July 11 that sea bass were found with 1,037 Bq/kg, or ten times the allowed contamination. The Tokyo daily Asahi Shimbun noted Aug. 29, 2013 that a greeling had 25,800 Bq/kg cesium, an all-time record in the 2 ½ years since the radiation gusher began. Pacific cod and black sea bream had 3,300 Bq/kg.
Environmental radioactivity bio-accumulates as it climbs the food chain. Smaller species now under Japanese fishing bans — which are eaten by the big tuna — eat species that are smaller yet. So prize fish like tuna, which can live 30 years and are at the top of the food chain, will eventually be poisoned with far more than “trace” amounts of cesium.
John LaForge is a co-director of Nukewatch a nuclear watchdog and environmental justice group in Wisconsin./*
	This file is part of solidity.

	solidity is free software: you can redistribute it and/or modify
	it under the terms of the GNU General Public License as published by
	the Free Software Foundation, either version 3 of the License, or
	(at your option) any later version.

	solidity is distributed in the hope that it will be useful,
	but WITHOUT ANY WARRANTY; without even the implied warranty of
	MERCHANTABILITY or FITNESS FOR A PARTICULAR PURPOSE.  See the
	GNU General Public License for more details.

	You should have received a copy of the GNU General Public License
	along with solidity.  If not, see <http://www.gnu.org/licenses/>.
*/
/**
 * Utilities to handle the Contract ABI (https://solidity.readthedocs.io/en/develop/abi-spec.html)
 */

#include <libsolidity/interface/ABI.h>

#include <libsolidity/ast/AST.h>

using namespace std;
using namespace solidity;
using namespace solidity::frontend;

namespace
{
bool anyDataStoredInStorage(TypePointers const& _pointers)
{
	for (TypePointer const& pointer: _pointers)
		if (pointer->dataStoredIn(DataLocation::Storage))
			return true;

	return false;
}
}

Json::Value ABI::generate(ContractDefinition const& _contractDef)
{
	auto compare = [](Json::Value const& _a, Json::Value const& _b) -> bool {
		return make_tuple(_a["type"], _a["name"]) < make_tuple(_b["type"], _b["name"]);
	};
	multiset<Json::Value