Category Archives: Business/Economics

Business/Economics, International

What Economic Recovery: British officials admit there is no more money!

Chancellor George Osborne admits: “The British government has run out of money because all the money was spent in the good years, the money and the investment and the jobs need to come from the private sector.”

“Any tax cut would have to be paid for. In other words there would have to be a tax rise somewhere else or a spending reduction.  In other words what we are not going to do in this budget is borrow more money to either increase spending or cut taxes.”

Foreign Minister Jeremy Browne said: “Britain’s market share in the world used to be dominant but is now in freefall compared with the soaring economies of Asia and South America. This situation has been becoming more acute for years. It is now staring us in the face. So we need to take action”

Business/Economics, International

What Economic Recovery: G20 says no more money for the IMF, until Greece makes even more draconian cuts! Wants U.S. to end Volcker Rules!

27 February 2012

The Group of 20 finance ministers and central bank chiefs, meeting in Mexico, said they will not provide the International Monetary Fund anymore money until Europe, specifically Greece, makes more even drastic government cuts.

This follows reports that the World Bank will issue a report warning China to privatize its remaning government held businesses.  Many analysts believe what the G20 really wants is total privatization of governments.

Yesterday I speculated that the problems of Greece are actually related to its lack of participation in the developing of the Leviathan gas and oil fields. Greece is also being pushed to privatize many government services.

The G20 also demanded that the United States back off of its Volcker banking rule, which was created to tighten the regulation of runaway too big to fail banks!  The Volcker rule is supposed to stop banks from using customer deposits to make investments strictly for the banks own profit! G20 officials claim the Volcker rule are interfering with international banking!

The Volcker rule doesn’t even go into effect until July, 2012!

 

 

Business/Economics, International, U.S.

Global Economic War: World Bank threatens China, more proof of conspiracy to privatize world governments!

The Wall Street Journal says a report titled China 2030, to be released on February 27, indicates that China’s booming economy will soon go bust if it doesn’t implement radical reforms.

The report comes from the World Bank, and a think tank supposedly connected to the Chinese government.

The China 2030 report will be released in China on Monday.  It calls for the officially communist Chinese government to sell off the last of its state owned businesses, possibly including its four major banks.

Allegedly the China 2030 report says China’s economy will begin to go bust by 2015, if it does not fully privatize its industries.

 

 

 

Business/Economics, International, U.S.

College student? Need Job? Japan needs You!

On February 25, 2012, a record number of Japanese companies held a conference to hire foreign college students.

145 companies held a conference in Tokyo, which attracted more than 3,000 students from China, South Korea and other Asian countries.

A rep for an auto parts maker said his company wants half of its new workers to be international students, especially since it is planning to increase operations outside of Japan.

Many hopeful college students were told that they should learn honorific Japanese expressions which are essential for conducting business in Japan.

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

Dengue Fever: Brazil worst hit, Pakistan launches campaign, Dengue survives cold temps, Bolivia on Red Alert, UN says efforts to fight disease failing, energy saving light bulbs spreading disease

“I consider Rio de Janeiro runs the risk of one of the worst epidemics, in number of cases of dengue in its history.”-Alexandre Padilha, Health Minister of Brazil

Brazil’s tourist city of Rio de Janeiro is being hit hard by type 4 Dengue fever.  So far there are more than 3,000 confirmed cases!  However, the rest of Brazil is actually seeing a huge 62% drop in cases (keep in mind that last year Brazil had 106,373 cases).

Across the world, Pakistani health officials (Rawalpindi Development Authority, Water and Sanitation Agency, the Parks and Horticulture Authority and the Health Department) have gone to war to prevent an outbreak of hemorrhagic Dengue fever.

Pesticides are being sprayed, and residents are being told how to fight the dengue carrying mosquitoes. A health official in Punjab said they now know that the dengue virus can be spread in cold winter temps.

Back over to South America, in Bolivia, the city of Santa Cruz confirmed 157 cases of dengue.  There are another 820 suspected cases. They have declared a red alert.

Also on February 25, the UN’s World Heath Organization reported that after 50 years of fighting the disease, cases of dengue in Thailand and Sri Lanka have only increased!

“The floods actually interrupted the Aeges aegypti’s life cycle and has resulted in a reduction in dengue.”-Sanphet Mahamard, Communicable Disease Control Department of Thailand

However, Thai officials say the massive flooding, at the end of 2011, has actually destroyed the breeding grounds of many of the dengue carrying mosquitoes.  So thanks to Mother Earth, they are already seeing a 36% drop in dengue cases (keep in mind that as of January 2012 Thailand has seen more than 1,000 cases and one death).

In Sri Lanka, officials are so determined to reduce dengue cases that they’re even going after business owners who don’t control mosquitoes on their property!

The Chief Technical Engineer of the railway yard of Sri Lanka Railways was fined, and is in prison, after 20 employees got sick, and one employee died, from dengue fever. Investigators discovered that railway officials did not conduct anti-mosquito programs on their property.

There is no vaccine (although Mexico is testing one of their own vaccines), and it turns out the mosquito eggs can survive a full year, even in cold temperatures.  Also, research showed that the mosquitoes are attracted to the light of energy saving florescent light bulbs.

 

 

 

Business/Economics, International, U.S.

Global Economic War: Germany straight up tells Greece to get out of the European Union

“Outside the European monetary union, Greece’s chances of regenerating itself and becoming competitive are definitely bigger than if it remained inside the eurozone.”-Hans-Peter Friedrich, Interior Minister of Germany

Germany’s Interior Minister told Der Spiegel that while the EU should not kick out Greece, it should give Greece incentives to leave “that they cannot turn down.”

However, German Chancellor, Angela Merkel, says she is opposed to Greece leaving the eurozone.  This shows going divisions among Germany’s government, regarding Greece’s financial problems.

 

Business/Economics, International, U.S.

Global Economic War: CELAC & BRICS tells IMF no more money until you reform, no help for Europe until IMF reforms

“The emerging markets will only help once two conditions are met…they reinforce the firewall, which means doing more than what they’re doing with the European fund of stability… and on top of that….they carry out the reform of the International Monetary Fund.”-Guido Mantega, Finance Minister of Brazil

CELAC (Comunidad de Estados Latinoamericanos y Caribeños, or Community of Latin American and Caribbean States) and BRICS (Brazil, Russia, India, China and South Africa) are telling the U.S. based IMF that if it wants any more money to help Europe, it needs to clean up its act!

One of the reforms CELAC & BRICS are demanding is that they have more say in how the IMF is managed.

Business/Economics, International, U.S.

World War 3: France announces the European Union will steal the money from Syria’s Central Bank

“Starting from Monday, we will take new strong measures, notably a freezing of the assets of the Syrian Central Bank.”-Alan Juppe, Foreign Minister of France

Another “unbiased” announcement made as the Friends of Syria conference commenced: U.S. Secretary of State Hillary Clinton, is calling on all countries to steal Syrian assets and boycott oil from the country.

Business/Economics, International, U.S.

World War 3: Japan demands exemption from U.S. oil embargo against Iran, prepares for short U.S. war with Iran

“…officials are working hard in order to win a waiver from the sanctions by the end of this month.”-Osamu Fujimura, Chief Cabinet Secretary for Japan’s Prime Minister

Since January, 2012, Japan has been trying to get an exemption from the U.S. oil sanctions against Iran.  Japan’s economy depends on it.

“We have not yet reached an agreement in principle, although we have deepened mutual understanding.”-Koichiro Gemba, Foreign Minister of Japan

Since there is no progress in getting the exemption, Japan is now preping for a possible war in the Persian Gulf, which would cut off 10% of their oil supplies.

Foreign Minister Gemba claims Japan is making preparations that would make any cut off of oil, due to the closing of the Strait of Hormuz, have little affect on Japan’s industries. But that’s because Gemba believes any war with Iran would be short.  Does he know something we don’t?

Gemba explained that Japan has 200 days of oil reserves and 70 days worth of liquid natural gas.  Apparently Japan was told (during their negotiations to get exempted from the U.S. oil sanctions?) by U.S. officials not to worry about a long war.

Gemba added that the Japanese government is going over various scenarios to reduce the impact the war will have on people’s daily lives.

Business/Economics, U.S.

What Economic Recovery? Yet another airline ends service in Idaho

Frontier Airlines has ended its Boise to Denver route.  In the past two years the airline temporarily stopped service due to a seasonal drop in passengers, but they officially announced they will not restart service, for 2012.

For the past two years, the seasonal drop in business happens in winter, and Frontier restarts flights in April.  Passenger numbers have been steadily dropping since 2007, and Frontier decided it wasn’t worth it to restart the Boise-Denver route for 2012.

Back in December, 2011, SeaPort Airlines announced they were ending their Idaho Falls-Boise route.  Not enough sales were the official reason.  That claim was news to Idaho Falls airport airlines director Len Nelson, who said: “We were really, really disappointed to see them leave. We were just starting to fill the airplanes up. Out of nine seats, we were filling it a lot of times, and averaging five, six passengers a flight.” Nelson’s reasoning is out of touch.  Filling five to six seats, out of nine, is not enough for an airline to justify the route.