I can't put right all of the misconceptions in this thread, but I can try to clarify the issue of radiation.
Many of you may believe that the spinning magnet must radiate because the rotating magnetic field creates an electric field that can be used in a generator etc. Indeed, it creates a time varying electric field, and you might then leap to the conclusion that it radiates. But that is not correct. Electromagnetic induction (as used in a transformer) is not the same thing as radiation - there's no propagation of energy away from a source of induction as there is with a source of radiation (e.g., an antenna).
In fact, as some of you may know, antennas create both a near field (induction) and a far field (the radiation). For the radiation, the electric field varies as 1/r, and power falls off as 1/r^2. In the near field, the induced E field falls off as ~1/r^3 (the field from a dipole), and there is no flow of energy associated with it. The extent of the induced field is ~ the wavelength of the radiation - at 100Hz that is ~3000km. In principle, you could detect the rotating magnet thousands of km away, but you'd be using the induced field, not a radiated field, and it would be a very weak field because of the 1/r^3 dependence.
In fact, some of the earliest 'radio' broadcasts in London were made at quite low frequencies. So, technically, the coil in the receiver was picking up the induced field from an oscillating current a mile or two away. It wasn't radio in the sense developed by Marconi, as you can't 'broadcast' using the short-range induced field.
Of course, electromagnetic theory rests upon Maxwell's equations and the subsequent work by Heaviside and others. The mathematical treatment of radiation is beyond most laypersons, but if you're interested you can consult Ch.9 of 'Classical Electromagnetism' by J.D. Jackson. At a more accessible level, you'll find that some treatments of antennas discuss both the near field and the far field.