Category Archives: Business/Economics

Tokyo Electric speculates that reactor core is leaking

TEPCo officials speculate that the contaminated water in the basement of reactor 3, might have come from the reactor core.

It might have been caused by high pressure inside the reactor core.  It could have been caused by valves, or the core was “compromised”.

Japanese companies say main reason for shutdown is damage to buildings

A survey of Japanese businesses that shut down, or reduced production, because of the 9.0 quake/tsunami, shows that at least half blame it on damage to their buildings.

The next biggest reason is destroyed infrastructure: Lack of electricity, destroyed roads/rails.

New problem in Japan: Why keep paying for a house no longer there? Why pay employees when your business is gone?

Attorneys in Japan are dealing with disaster survivors asking for advice concerning paying debts, and even paying employees.

Those asking for advise have lost everything; jobs, homes, businesses, etc.

Apparently there are no legal parameters in Japan for dealing with legal issues that will arise from a catastrophic event.

One attorney, who is also a disaster survivor, has been offering free advice.  Most of the time he tells the people that they must wait until the Japanese parliament comes up with new laws to handle the situation.

Why does the Federal Reserve feel optimistic about the Economy? They made a big Profit

The Federal Reserve Bank, a privately run bank established by Congress, feels better about the economic recovery. Why?  They made a $81.7 billion profit in 2010.

The Federal Reserve makes profit by charging interest on the money it loans to other banks and financial institutions.  It can also make money buying and selling U.S. bonds.

As we’ve seen over the past year, many big banks reported profits. Now the Fed is reporting big profits.  In other words the economy is good if you’re in banking.

 

Toyota restarts hybrid production

People who just have to have a hybrid car will be glad to know that Toyota plans to start making them again.

Toyota’s hybrids are made in Japan, and production was shut down due to parts shortage (thank Mother Earth, 11 March 2011 quake-tsunami). They plan to resume production on Monday.

Production of non-hybrid Toyota vehicles, made in Japan, remains halted.

 

No farming in parts of Japan thanks to radiation

Some farming villages that escaped the tsunami, did not escape radiation from Fukukshima Daiichi nuclear plant.

What has people amazed is that these farming villages are outside the government’s 30km nuclear disaster zone.

Soil samples have revealed that radiation levels are more than 1,000 times normal.  Wind and rain is suspected for bringing the radiation outside the 30km zone.

This is proof that nuclear disasters affected far greater areas than what most people think.  This will just add to the world’s growing food supply problems.

Toyota preparing to close North American factories

Toyota announced that if the supply problems in Japan continues it will be forced to close plants in the U.S., Canada and Mexico.

Toyota continues to delay restarts of its plants in Japan, for the same reason.

Toyota has already cut overtime work at its North American plants.

Today’s announcement is meant as a warning, so North American plant officials can prepare.

BBC beggars U.S. for money, while U.S. Congress mulls cutting PBS

More proof that the British Empire (aka British Commonwealth) is taking over the United States.

BBC (British Broadcasting Corporation) is asking for money from the U.S. taxpayer (Department of State). This while Congress debates cutting major funding from our own PBS (Public Broadcasting Service).

BBC is dealing with huge cuts from the government of United Kingdom (aka Britain).  U.S. State Department likes the BBC because of it’s world wide audience. It’s possible that the BBC might be used to spread U.S. propaganda (isn’t that what Voice of America is for?).

Is this what Hillary Clinton meant when she asked Congress to increase funding for a stronger “American” media presence around the world?

Britain taking over U.S. oil industry. Britain taking over U.S. municipal water systems. Now Britain taking over U.S. public television!  Our founding fathers would commit suicide if they were alive today!