Category Archives: Business/Economics

Business/Economics, International, Technology, U.S.

What Economic Recovery? Desperate Mazda to sell out to Fiat, look out that Alfa Romeo might actually be a Miata from Japan!

23 May 2012, after losing it’s former supporter, Ford, Mazda is now desperate for help from a bigger car maker.  In steps Fiat.

Fiat already owns most Italian brands, like Alfa Romeo, Ferrari and Mazarati, and they’re majority owner of Chrysler.

NHK reporting that a deal between Mazda and Fiat would see the two seat Mazda roadster (known as Miata in the U.S.) being equipped with a Fiat engine and sold as an Alfa Romeo.

Mazda and Fiat would work together to produce more fuel efficient engines, and Fiat could incorporate Mazda technology into its Fiat 500 mini car.

Back in March, Mazda reported their fourth straight year of huge losses!

Business/Economics, Idaho, Technology, U.S.

What Economic Recovery? HP to layoff up to 48,000 more employees! Texas to be hit hard? Idaho’s printer factory targeted? Blame lack of recovery in Europe!

23 May 2012, Hewlett-Packard (HP) is expected to layoff another 25,000 employees according to an unnamed source, reported in a CNN/Fortune article.

The original report of the 25,000 job cuts came from Bloomberg on 17 May 2012.  It includes about “…10,000 to 15,000 from Hewlett-Packard’s enterprise services group.”  HP’s enterprise services is headquartered in Plano, Texas.

However, on 16 May 2012, Business Insider reported that HP wants to layoff up to 15% of its employees. “Layoffs are going to be significant.” HP has about 320,000 employees, if they go for a 15% cut that’s 48,000 people losing their jobs!

The Wall Street Journal (WSJ) is reporting that HP will report huge losses after the stock markets close today, 23 May. The WSJ Market Watch is expecting HP to report a quarterly earnings decline of 27%, with overall revenues down by 5%.

Fox News reporting that HP is suffering from the bad economy in Europe, which makes up 37% of HP’s business: “The increasing uncertainty and resulting macro weakness in Europe will likely act as an ongoing headwind to growth.”-Chris Whitmore, Deutsche Bank Securities

CNN is reporting that “Many of the job cuts are expected to come from the printing unit.” Back in march, HP announced it was merging its computer and printer factories.  However, this is not the first time HP has combined computer and printer production.

The last attempt was made in 2005, and was reversed six months later.

According to the IdahoStatesman, more than 50% of HP’s Boise, Idaho operation is printing and imaging.  When the IdahoStatesman questioned HP’s Boise campus boss (back in March), he claimed he was unaware of the merger of computer and printer operations.

Hewlett Packard has been slashing and burning ever since 2009, when employees got a 5% pay cut.  Then in 2010, about 9,000 jobs were cut. In February 2012, 275 people lost their jobs due to the canceling of HP’s webOS.

Business/Economics, International, Technology, U.S.

Terror Drones: May 14-20. Increased strikes in Yemen. Civilians being forced to fight for government? Oil fields to be guarded by UAVs. Welcome to the 2012 Olympics.

20 May 2012, Iraq revealed they will be using larger UAVs to patrol their Persian Gulf oil rigs. The program is known as Broad Area Maritime Surveillance (BAMS).

Iraq already operates the smaller Scan Eagle drones.

20 May 2012, at least two people killed in U.S. drone attack.  Local officials say the Yemen army is on offensive in southern Yemen, and is being supported by U.S. drone strikes.

The offensive began on 18 May. Dozens of people have been killed, including civilians.  Yemen army officials admitted that some of the “civilians” are actually people who “volunteered” to fight for the government!

17 May 2012, two or three suspected Mujahideen were killed by U.S. drone strike in Yemen.

15 May 2012, seven Mujahideen and six civilians were killed by two U.S. drone strikes in Yemen. Independent news media reports say at least 12 civilians were killed, and 21 wounded.

19 May 2012, a Pakistani recon drone crashed in Punjab Province. Technical problems were blamed.

14 May 2012, citizens of Pakistan are suing their own government for failing to stop the U.S. drone strikes: “This is the first time that victims are suing their own government for failing to protect their lives against drone strikes.”-Shahzad Akbar, Foundation for Fundamental Rights

19 may 2012, Israel has created a recon drone the size of a large butterfly. It weighs 20 grams, and is designed for use inside buildings.

Canadian news media reporting that the 2012 London Olympics will be held in a concentration camp, of sorts.  British officials plan to use all kinds of military force, including “…48,000 security forces. 13,500 troops. Surface-to-air missiles stationed on top of residential apartment buildings. A sonic weapon that disperses crowds by creating ‘head-splitting pain.’ Unmanned drones peering down from the skies. A safe zone, cordoned off by an 18-kilometre electrified fence, ringed with trained agents and 55 teams of attack dogs.”

The Toronto Star went on to point out that “Not even China in 2008 used drone planes or ringed the proceedings with a massive, high-voltage fence. But here is London, preparing a counter-insurgency, and parking an aircraft carrier right in the Thames.”

14 May 2012, the U.S. Congress is pushing for public safety agencies to use recon drones. The law was passed on February 14, 2012. Now the Federal Aviation Administration (FAA) has created a regulation that allows the use of recon drones under 25 pounds by local police, fire and similar “safety” agencies.

For some reason the U.S. Congress is really concerned about allowing local agencies to use lots and lots of drones.

 

Business/Economics, International, Technology, U.S.

What Economic Recovery? New U.S. tariffs on Chinese solar panels could be the final nail in the coffin for Idaho’s Hoku Materials

Troubled Hoku Materials polysilicon factory in Pocatello, Idaho, could be finally done in by the latest U.S. tariffs against Chinese solar panel companies.

Hoku Materials is a division of Hoku Corporation, which in turn is a subsidiary of Tianwei New Energy Holdings, which is an affiliate of China South Industries Group Corporation (CSGC).  Hoku Corp turned to China for financial help a few years ago, which is how it became a a subsidiary of Tianwei New Energy Holdings.

The Chinese companies were hoping to get around any possible future U.S. tariffs by taking over Hoku, but it’s now clear that was a wasted investment for them.

On May 17, 2012, the U.S. Commerce Department announced new tariffs on Chinese solar product makers, claiming that China dumped (sold for far less than what it cost to make them) their products on the U.S. market.

The new action, approved by President Obama, imposes tariffs of 31% or more on solar products coming from China. So far, Hoku Materials’ contracts for polysilicon are with Chinese companies only.  Despite several official start-up announcements, their polysilicon factory in Idaho has yet to actually start up!

Prior to the new U.S. tariff announcement, stock in Hoku Corp was trading at less than 30 cents per share.

GOOD AND BAD NEWS FOR IDAHO’S HOKU MATERIALS

Business/Economics, International, U.S.

World War 3: Money for Taliban coming from United States? 158 U.S./NATO troops killed. More airstrikes. Turkey to train police.

May 18, 2012, International Security Assistance Force (ISAF) said two U.S./NATO personnel were killed during a Mujahideen attack, in eastern Afghanistan.  ISAF SOP means they don’t give anymore info.

At least 158 occupying personnel, including 110 U.S. troops, 20 British soldiers and 28 soldiers from other occupying member countries, have been killed since January 2012.

In Maidan Wardak Province a U.S./NATO airstrike was called in after Mujahideen were spotted laying mines.  The airstrike took place at about 02:00 hours. According to local officials, the airstrike killed at least five Mujahideen, plus three were killed later on.

The Ministry of Interior Affairs of Afghanistan announced that 500 police trainees will be sent to Turkey for training.   The announcement was made after another group of 500 cops returned from the six months course in Turkey. So why is the U.S. there, and why is the U.S. spending tax dollars paying for police training?

May 17, 2012, the United States Treasury Department imposed sanctions on two people in Afghanistan, for supporting the Taliban with money. The sanctions are meant to target financial sources within the United States!

However, the evidence Treasury officials used was old.  The most recent money transfer was made in 2002, when one of the men was paid $500,000 USD to buy a factory.  The money supposedly came from Osama bin Laden.

Treasury officials also said that during the late 1990s to 2001, when the Taliban ruled Afghanistan, about $2.8 million USD was transferred out of European banks to the two men.  The two men acted as banks, in order for the Taliban government to avoid sanctions.

The sanctions against the two men are meant to block any transactions involving U.S. banks, or individuals living in the U.S.  In a round-a-bout way the U.S. Treasury has revealed that one major source of financing for the Taliban was the United States!

So far, no 24 hour, ISAF Joint Command Morning operational update for May 18, 2012.

 

 

Business/Economics, International, Technology

Government & Media Hypocrisy: Japan launches South Korean satellite

April 13, 2012, North Korea launched a satellite (not a ballistic missile as western media continued to report!), which ended in failure, yet didn’t fail to bring world wide condemnation, which included Japan’s mobilization of Patriot missile forces.

May 17, 2012, the Japan Aerospace Exploration Agency (JAXA) announced they will be launching an H-2A rocket, carrying South Korean and Japanese satellites. The launch is scheduled for May 18.

The hypocrisy comes from Japan’s threats to shoot down the North Korean satellite launch back in April!  All western news media reported the North Korean satellite launch as a “missile launch”.

Business/Economics, International, Technology, U.S.

What Economic Recovery? It’s official, Toshiba & Hitachi end TV production in Japan. Blame Korea, U.S. & digital broadcasting!

May 17, 2012, Toshiba announced no more TV set production in Japan, no thanks to competition from South Korea, and crashing sales in the United States!

Toshiba reported a $620 million USD loss for the past Japanese fiscal year!

The company also revealed that TV sales in Japan have crashed ever since television broadcasters switched to digital broadcasting last year.

Toshiba will continue TV production in factories outside of Japan.  Hitachi also announced they will end TV production in Japan, in September.

Business/Economics, International, U.S.

World War 3: Japan sues U.S. over Iran sanctions! U.S./U.K. media lie about Japanese bank freezing Iranian accounts!

May 17,2012, according to Japan’s NHK the Japanese bank, Bank of Tokyo-Mitsubishi UFJ, is suing the United States over a court order to freeze Iranian accounts.

Western media has been reporting that the Japanese bank has frozen the accounts, but that’s not what Japanese media says.  Bank of Tokyo-Mitsubishi UFJ filled the suit on May 16, but refuses to make any public comments.

The U.S. court order is not about current sanctions against Iran, but is an old civil suit claiming that Iran was responsible for the 1983 bombing of the USMC barracks in Beirut, after the U.S. invaded Lebanon.

The families of the killed Marines have been led to believe Iran should pay, yet there is no concrete evidence that Iran was behind it.  Lebanese who claim to be connected to the bombing say they were simply defending their country against the U.S. invaders.

Yasuhiro Sato, chairman of the Japanese Bankers Association, says any sanctions imposed on Japanese banks doing business with Iran, will cripple Japan’s struggling economy. So who are the sanctions really against?

 

Business/Economics, International, U.S.

What Economic Recovery? European economies crashing and burning! Greece -6.2% GDP! IMF wants Mo Money! China in trouble!

May 15, 2012, the Group of 20 industrialized countries (not for long maybe?) will be meeting in Mexico, in June.  Already Mexico and Japan are calling for G-20 members (mainly those of the BRICS: Brazil, Russia, India, China and South Africa) to give the U.S. based International Monetary Fund another $430 billion USD!!!

This is because the European economies are crashing and burning. Italy reported a minus 0.8% GDP for the January to March quarter. That’s three quarters in a row of declines! Spain reported a minus 0.3% GDP, for the second quarter in a row. But Greece reported a huge minus 6.2% GDP!!!

The only “good” news came out of Germany, which reported a stagnant 0.5% GDP. And Germany is supposed to be the economic powerhouse of Europe!  Of course main stream western media reporting it as a “bounce back” in the economy, idiots!

Overall, the entire 17 member European Union reported a stagnant 0% GDP for January to March 2012!

To make matters worse, China is reporting that European investment into China has declined for six months in a row!  Chinese officials admitted that their country’s explosive economic growth can only be driven by foreign investment (like unAmerican Corporate America shipping U.S. jobs to China).

From January to April 2012, European investment into China dropped 28%.

 

 

Business/Economics, International, U.S.

World War 3: Oil in Afghanistan! U.S. will stay until 2024. More school kids poisoned. New military pact with Germany. General Allen leaving.

“Pakistan and other regional countries should carefully study the strategic pact and make sure that United States will have a long term commitment to Afghanistan, and Washington will continue its cooperation with the Afghan government until 2024.”

May 15, 2012, U.S. ambassador to Afghanistan, Ryan Crocker, made that statement in Nangarhar Province.  It subtly threatens Pakistan, and shows that the U.S. is planning on being in Afghanistan for a long time.

Afghanistan’s President Hamid Karzai is in Germany, to sign a new military pact with the European country.  The signing is expected to take place on May 16, then Karzai will fly to the U.S. to take part in the NATO summit there.

In Khost Province, dozens of students have been poisoned at Warzai high school.  At least 52 students are in local hospital in serious condition.

U.S. Marine Corps General John Allen, the top commander in Afghanistan, will leave to take command of U.S. forces in Europe, next year.  Unnamed Obama administration sources said they wanted to transfer Allen by this coming winter, but advizors considered it premature.

No replacement, for General Allen’s position in Afghanistan, has been picked.

24 hour, ISAF Joint Command Morning operational update for May 15, 2012: More search and capture missions for “leaders” and “facilitators”.

ISAF reports several “suspects” were captured.

Afghan officials report three Afghan troops were killed when they ran over a mine.  Another soldier was wounded in a separate incident.

Operations were conducted in Paktika, Herat, Logar, Helmand, Uruzgan, Nangarhar and Khost provinces.

Afghanistan’s Ministry of Mines announced they will begin pumping oil from the northern Amu River, within five months.  The expect to pump 5,000 barrels per day (bpd) at first, and then max it out at 45,000 bpd!

“Four rivers gush forth from Paradise: the Euphrates, the Nile, the Sayhan, and the Jayhan [aka Vaksu, Gozan, Oxus, Amu Darya, Amu River].”
(Musnad, II, 260-261)