Category Archives: Business/Economics

Business/Economics, U.S.

Government Incompetence: Speaker of the House reveals why U.S. Congress can’t get anything done

The following statements are from John Boehner’s interview with the Wall Street Journal:

“My problem is not with our 89 freshmen, my problem is with a few senior members who—they always want more. They always want more than what you can produce….[Nancy Pelosi] went through the same problem with her side.”

“We got 435 members. It’s just a slice of America, it really is. We got some of the smartest people in the country who serve here, and some of the dumbest. We got some of the best people you’d ever meet, and some of the raunchiest. We’ve got ’em all.“

“I told them they have ocular rectitis. That’s when your eyes get confused with your butt, and it develops into (an unnecessarily fecal) outlook on life.”

When asked what was behind political scandals, money or sex, Boehner replied: “Rarely is money an issue.”

 

Business/Economics, International

One Year Later: Abandoned Japanese fishing boat makes it way back home

A ghostly reminder of the March 11, 2011, Mega Quake and tsunami that hit north eastern Honshu, Japan, made its way back home.

The boat belonged to a fisherman from Otsuchi in Iwate Prefecture.  Otsuchi is one of the coastal towns devastated by the tsunami.  The fisherman did not survive the monster tidal surge, but his boat amazingly did.

Nearly one year after the disaster the ravaged boat was found drifting, more than 1,200 kilometers (745 miles) away, on the other side of Japan, in the Sea of Japan (aka East Sea).  It was returned to the fisherman’s son, who lives in Kamaishi City.

The son said he intends to repair the boat and go fishing.

Business/Economics, International

What Global Warming? Record low Beer sales hit Japan

Sales of Japanese beer, and beer based drinks, hit all time lows in February, 2012.

Japanese brewers shipped less than 360,000 kiloliters (95,101,938 U.S. liquid gallons), that’s the lowest amount in February since such record keeping was started in 1992.

Nippon beer makers blame the cold weather!  They say demand dropped in the areas of Japan that were hit hard by unusual cold temps and heavy snowfall.  They also blame being forced to make more non-alcoholic drinks.

Business/Economics, Technology, U.S.

Government Incompetence: Pocatello, Idaho, doctor & ISU faculty member failed at autopsies

The Idaho Board of Medicine is investigating complaints that Steve M. Skoumal screwed up at least ten autopsies. It was brought to the attention of the Board mainly because the local  police questioned the results.

In one case Skoumal, a faculty member at Idaho State University in Pocatello (in Bannock County), ruled three deaths were caused by carbon monoxide poisoning.  But, local Rexburg police (in Madison County) said that didn’t match with x-rays, or the fact a recently fired gun was found at the scene, or the fact that there were bullet holes in the victims.

Supporters of Skoumal say the police are just upset because he didn’t give them the answer they wanted to hear.

But this case brings up a good point; Idaho does not have standardized, dedicated, official local government coroner services.  In many cases families of the deceased have to pay for a pathologist to conduct an autopsy, as one Pocatello doctor/lawyer said: “…people who brought the bodies have to pay for the doctor to do more autopsy or less autopsy.”-Richard Hearns

There is a state code concerning coroners, but in some Idaho counties coroners are elected.  In other counties they are hired from local doctors.  Officials say the tax revenues are not enough to support a dedicated 24/7 coroner (although taxes are pretty high here).

Skoumal is connected to three high profile cases in eastern and southeastern Idaho: Unsolved Madison County deaths, the death of a Bingham County woman whose granddaughter was prosecuted for homicide, and the 2006 murder of Pocatello High School student Cassie Jo Stoddart (fortunate the murderers incriminated themselves with their own video).

Skoumal is accused of misreading toxicology reports, being unable to determine knife wounds and bullet wounds.  One of the complaints filed with the Board of Medicine accused him of not being a pathologist, he admitted he was not a certified pathologist.

It could be another year before the Idaho Board of Medicine holds an Administrative Hearing regarding the complaints.

 

 

 

Business/Economics, U.S.

What Economic Recovery? A sign the Federal Reserve thinks the too big to fail banks are full of crap!

“They’re very worried about the consumer. If we go into another recession, a lot of risk officers feel this is where the damage will be done.”-Paul Miller, former Federal Reserve Bank of Philadelphia, currently working for FBR Capital Markets

It appears the Federal Reserve is losing patience with the Too Big To Fail Banks (TBTFB). It’s questioning the TBTFBs’ desire to pay out huge dividends, and buy back their stocks.

“If the Fed fights back and disagrees and is more aggressive in their stance on cards and mortgages, it would mean banks wouldn’t be able to pay out as much.”-Glenn Schorr, Nomura Securities

Schorr says bank investors are almost demanding 50% to 60% earnings this year!

The problem is that the latest bank stress tests are conflicting with the TBTFB’s own financial claims.  The stress tests are designed to see if a bank has enough cash on hand to handle a sudden huge drop in the economy.

So far unnamed insiders, involved with analyzing the tests, say things aren’t looking good for banks.  When the variable of consumer debt is considered in the stress tests, some banks would suffer almost double the loses than their own in-house projections!

31 TBTFBs are currently undergoing the Federal Reserve stress test.

Business/Economics, International, U.S.

World War 3: Egypt considers refusing any more U.S. aid, in move to end U.S. control

“I wish members of the U.S. Congress could listen to you now to realize that this is the parliament of the revolution, which does not allow a breach of the nation’s sovereignty or interference in its affairs! It seems that the government is pushing for a crisis with parliament.”-Saad el-Katatni, Egyptian Parliament Speaker

After the Obama Administration threatened to cut off U.S. aid to Egypt, over the scandal involving U.S. citizens caught trying to cause trouble in Egypt (including the son of the boss of private intelligence agency Stratfor), the Egyptian parliament members basically said take your U.S. aid and shove it!!!

On March 11, 2012, the parliament voted to refuse acceptance of U.S. aid worth $1.3 billion!

The problem is that it’s actually the pro-U.S. military junta that’s currently running Egypt.  However, the 508 member parliament has begun the process of a no-confidence vote against the junta.  Such a vote of no confidence could create more civil strife, if the junta tries to maintain power.

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

Government Evil: Racist NAZI Zionist Israel to build World’s largest prison, intended to hold Black people!

“We all wish we didn’t have to build such a facility. But we’re in a certain situation due to certain circumstances, and we need a facility to address these needs.”-unnamed Israeli Defense official

According to an article in The Independent, Israel is about to build the World’s largest “detention center”, designed to hold 8,000 Black African “migrants”!

“[it was time]…to stop this growing influx that threatens Israelis’ jobs and changes the character of the state.”-Benjamin Netanyahu, Prime Minister of Israel

Most of the migrants are actually fleeing the wars in Sudan and Eritrea.  Israel has a policy of not returning refugees fleeing wars, so now they’ve decided to put them all in prison!

“People fleeing for their lives… will not stop coming because they face three years in detention.”-Reut Michaeli, Hotline for Migrant Workers

I wounder how many U.S. tax dollars are going to be used to build this World’s largest immigrant detention center?

 

 

Business/Economics, International, U.S.

Government Evil & What Rule of Law?: United States violates their own 1961 law, regarding supplying Israel with weapons. That money could have been used to create jobs in the U.S.

The 1961 U.S. Foreign Assistance Act states: “No security assistance may be provided to any country the government of which engages in a consistent pattern of gross violation of internationally recognized human rights.”

Official inquiries and investigations into U.S. military aid to Israel, over the past few decades, have revealed that U.S. taxpayer money, and U.S. weapons have been directly used to kill Palestinians and steal their land!

A new report by US Campaign to End the Israeli Occupation has revealed that it’s gotten worse since the year 2000.

Between 2000 and 2009 “With this taxpayer money, the United States licensed, paid for and delivered more than 670,903,390 weapons, rounds of ammunition and related equipment to Israel, valued at $18.866 billion.” During that same time period “….the Israeli military killed at least 2,969 Palestinians who took no part in hostilities….Among these fatalities were at least 1,128 Palestinian children less than 18 years of age.”

“These statistics do not include an estimated 1,191 Lebanese who…..were killed by the Israeli military during its July-August 2006 war against Lebanon.”

Peace prize winning Barack Obama said this year he wants to give Israel $3.1 billion!  And I thought we were having economic problems, I guess I was wrong.

“From fiscal year 2000 to 2009, the State Department licensed – and U.S. taxpayers funded – the delivery of more than 595,000 tear gas canisters and other ‘riot control’ equipment to the Israeli military, valued at more than $20.5 million!”

It’s not just Palestinians getting hurt by the tear gas: “On March 13, 2009, 37-year-old U.S. citizen Tristan Anderson was critically injured after an Israeli soldier shot him in the head with a high-velocity tear gas canister in the West Bank village of Ni’lin while he was observing a nonviolent Palestinian protest.  The tear gas canister made a large hole in his forehead, causing brain damage and leaving him largely paralyzed.  On May 31, 2010, 21-year-old U.S. citizen Emily Henochowicz was also struck in the face by a high-velocity tear gas canister fired by an Israeli soldier during a demonstration against Israel’s attack on the Gaza Freedom Flotilla at the Qalandia checkpoint outside of Jerusalem. She lost her left eye as a result.”

Since 1985, no thanks to Ronald Reagan, the United States ended military aid “loans” to Israel, and instead simply gives the taxpayers’ money away!

“Take, for example, a typical mid-size U.S. city like Ft. Wayne, Indiana (population 254,000), whose residents are responsible for paying an estimated $40.9 million of their federal taxes to finance U.S. military aid to Israel from 2009 to 2018 under the terms of the MOU [2007 Memorandum of Understanding, a pledge of 30 billion of your tax dollars from the U.S. government to Israel]. With that same amount of money, the federal government could instead each year: Provide 497 low-income families in Fort Wayne with affordable housing vouchers; or Retrain 697 unemployed workers in Fort Wayne to enter the green jobs economy; or Teach early reading skills to 1,209 disadvantaged Fort Wayne school children; or Provide basic health care to 33,125 Fort Wayne residents without insurance.”

Now remember that Peace prize winner Barack Obama singed into law NDAA 2012.  U.S. citizens are the target of that one.

 

Business/Economics, International, Technology

One Year later: Tourist bus finally removed from top of two story building in Japan

On March 11, 2011, a 17 ton tourist bus was left on top of a two story community hall building, after the tsunami sucked itself back out to sea.

That was in Ishinomaki City, Miyagi Prefecture, Honshu, Japan (Nippon).

On March 10, 2012, nearly one year later, the bus was finally removed from the roof.  Many survivors said it was a bad reminder of the tsunami.  The owner of the bus company said the sight of his bus on the roof drove him to swear that he will operate his bus line again.

The bus had been sitting in a garage, 500 meters (1,640 feet) from its resting place, when the tsunami swept it away.  Watch NHK reporter who filmed as she ran from disaster video to see the bus immediately after the tsunami.

Business/Economics, U.S.

Government Incompetence: Pentagon gives multi-million dollar contracts to yet another company that hasn’t paid taxes!

It’s been revealed that Leonie Industries owes the United States $4 million in taxes, yet has been awarded Defense Department contracts worth at least $120 million.

The company is supposed to be providing marketing and media services, as well as intelligence and information operations.

U.S. Senators Tom Carper (D-Delaware) and Tom Coburn (R-Oklahoma) have demanded that Defense Secretary Leon Panetta explain how a company that owes taxes gets awarded so many contracts.