Category Archives: Business/Economics

Business/Economics, U.S.

What Economic Recovery, Corporate Lies & Proof Class War being waged against Working Class: Sears laysoff 100 employees, after taking $150 million tax break, more layoffs to come

February 16, 2012, Sears announced layoffs of 100 of its employees at its Illinois headquarters.  Some Illinois politicians say the state was blackmailed into giving Sears a $150 million tax break, and that even more Sears layoffs are in the works.

Sears told Illinois lawmakers that if it didn’t get the tax break it would move its headquarters out of state.  The implication was that if Illinois didn’t want a lot more unemployed people they better do what Sears wants.  Well, Illinois is getting more unemployed anyway!

And here’s how even more people will be laid off.  The tax break requires Sears to maintain 4,250 employees at its headquarters (aka Hoffman Estates).  Yet, even with the 100 announced layoffs, Sears has more than 6,100 employees at the site.  That means close to 2,000 people could still lose their jobs as part of the $150 million tax break!

 

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

Ron Paul says the United States becoming the Italo-Fascist state of the 21st Century, would make Mussolini proud. Paul gains yet another victory.

“We’ve slipped away from a true republic. Now we’re slipping into a fascist system where it’s a combination of government, big business and authoritarian rule, and the suppression of the individual rights of each and every American citizen.”-Ron Paul, congressman from Texas

While speaking in Kansas City, Missouri, Ron Paul renewed a warning issued by President Dwight Eisenhower, who said “This conjunction of an immense military establishment and a large arms industry is new in the American experience. The total influence — economic, political, even spiritual — is felt in every city, every State house, every office of the Federal government. We recognize the imperative need for this development. Yet we must not fail to comprehend its grave implications. Our toil, resources and livelihood are all involved; so is the very structure of our society. ”  Eisenhower’s 1961 speech warned about Italo-style Fascism taking over all aspects of U.S. civilization (you should read the prophetic speech).

Also, while attending a rally in Boise, Idaho, on February 18, Ron Paul won a county caucus, in Maine.  Washington County, Maine, selected Paul over Mitt Romney and Rick Santorum.  The caucus had been delayed by weather.

But Ron Paul is actually winning big despite being ignored by the main stream media.  Paul has gained more delegates than Romney or Santorum: “The bottom line is who is going to get the delegates and we think we’re doing pretty good, and it seems like our momentum is picking up. I’m actually shocked at the tremendous turnouts that we’ve had. We’ve been out on the road and we’ve had eight functions here in the last three days. We’ve had 14,000 people turn out. And the enthusiasm seems to be growing.”-Ron Paul on State of the Union with Candy Crowley.

Business/Economics, International, U.S.

World War 3: Iran cuts off oil supplies for two European countries, oil already more than $120 per barrel

February 19, 2012, Iran has officially shut off oil supplies to oil companies from United Kingdom and France!

“We have our own oil customers and replacements for these companies have already been chosen, and we will sell the crude oil to new customers instead of the British and French companies.”-Alireza Nikzad-Rahbar, Iranian Oil Ministry

However, Britain and France are not major European buyers of Iranian oil (Italy is).  About 3% of oil bought by France comes from Iran, and only 1% makes up Britain’s oil use.

Iran’s move to block oil shipments to Europe came after Europe joined the U.S. in imposing an oil embargo.  Iranian officials have repeatedly said that it’s Western countries that will be hurt most from a loss of Iranian oil.

In some countries the price of a barrel of oil has already gone over $120.00.

Business/Economics, Idaho, U.S.

U.S. Media & Politicians mislead when they call unemployment help “benefits”! Congress reduces unemployment help. It’s a joke anyway ’cause each state handles unemployment their own way! Employers using tricks to get out of unemployment pay outs!

First off, having had to deal with so called unemployment “benefits” myself, I can say without a doubt that they are no “benefit”.  You get piddly squat compared to what you were making when you had a job, and, as in the state of Idaho, they impose unrealistic “qualifications” and “standards” for you to continue getting them!!!

Now the Republican dominated U.S. Congress has agreed to reduce what people lucky enough, or who can put up with the qualification game, will get.

Congress had extended unemployment help to a maximum of 99 weeks (and by the way many states did not adopt that policy), now beginning September 2012 that help will be cut back to 73 weeks.

Idaho Department of Labor office, Pocatello, Southeastern region of Idaho

By the way, in the state of Idaho employers pay into the unemployment fund, not employees and not individual taxpayers.  But, Idaho kicks back a refund to employers for having little or no unemployment claims made against them.  The employees who handle unemployment claims are actually paid by the employers who pay into the fund.  A now retired Idaho Job Service (aka Idaho Department of Labor) employee, who worked the Pocatello office handling veterans affairs, and the accounting for kicking back money to employers, once confessed to me (in 2000) that it was in their interest to deny as many claims as possible, since their true employer was not the state but big businesses operating in Idaho!!!

Here’s a trick employers in Idaho use to get out of paying unemployment (it’s happened to me and several other people I know).  Employers will tell you there is no work today, or that work is being cut back and they will call you when they need you.  Of course, after weeks of no work you start looking for new work.  When you apply for unemployment the company you were working for claims you are still employed, but that you hadn’t shown up and they assumed you quit!

In another case I heard about, an guy was working for a national chain home improvement store, and he was told that work schedules were being changed and not to come in until they called with his new schedule.  A week went by, he called and they told him the same thing.  Several weeks went by and he was told the same thing again.  Turns out there wasn’t any actual work schedule change, but if he tried to apply for unemployment the company could legitimately say that the guy “just stopped coming to work”, it would be his word against theirs.

And since the Idaho unemployment system is actually run by employers, guess who wins (unless your wealthy enough to hire a lawyer, which most people aren’t).

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

What Economic Recovery? 4,000 people stranded when Australian airline is suddenly deleveraged by too big too fail creditors

The latest corporation to become a victim of global deleveraging, is Air Australia.

Deleveraging is when the too big too fail banks take away your line of credit, and demand full, and instant payment of all debts.  Here in Idaho Wells Fargo Bank deleveraged several businesses in the past few years, including a Pontiac dealer in Idaho Falls, and several Sportsman Warehouse stores (owners of both businesses say they were not in financial trouble).

On February 17 (Australia time), 2012, the executives of Air Australia were suddenly told their line of credit had been suspended.  The result was that Air Australia could not buy fuel for use on flights where passengers were about to board, or planes were waiting to take off.  That has left at least 4,000 people stranded!  Another 10,000, who bought tickets for future flights, will not get their money back.

Air Australia has been losing money, especially after it lost a 90 million Australian dollars contract with the Australian Department of Defense.

It looks like the Australian airline industry is run the way the U.S. airline industry is, and that has some people calling for an investigation: “It does say something about…the fact the aviation industry should be properly investigated in this country.”-Tony Sheldon, Transport Workers Union

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

Mazda builds clean burning Diesel powered CX-5 Crossover, better MPG than Hybrid SUVs. Don’t expect it for sale in NAZI environmentalist U.S.A.

Mazda has introduced a new clean burning diesel powered Crossover Utility Vehicle.  It’s powered by a 2.2 liter diesel, and gets 46 miles per gallon on the highway.  That’s better than current hybrid SUVs.

The new Mazda diesel CUV is smaller than most SUVs. It’s based on the Minagi concept crossover, and is also known as the CX-5.

Don’t look for it in the United States though, Mazda plans on selling it in Japan and Europe only (due to the unfriendly attitude towards diesel powered cars under U.S. emission laws, and the stigma many people in the U.S. still have about diesels).

Business/Economics, International, U.S.

Israel demands that Japan stop buying Iranian oil, Japan tells Israel to back off!

Israel’s Defense Minister, Ehud Barak, demanded, on Japanese TV, that Japan cut back on oil imports from Iran.  He’s in Japan on a five day visit.

Japanese officials fired backed, basically telling Israel to back off.  Japan’s Foreign Minister, Koichiro Gemba, told Ehud Barak that Israel needed to handle Iran’s nuclear issue calmly.

Gemba also told Barak that military options could lead to Arab countries finally uniting against the Zionist state.

Japan’s Prime Minister, Yoshihiko Noda, made similar statements.

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

Pale Green Horse & Rat Fever: Cases are on the rise around the World. Doctors die and government efforts to kill rats has failed. Return of the Black Death?

“May I formally as Commissioner for Health in Rivers State declare that there is Lassa fever epidemic in the State and we must do all we can to tackle the challenge.”-Sampson Parker, Port Harcourt State Commissioner for Health

At the end of 2011, two people died of Lassa (aka Laffa) viral hemorrhagic fever in the African country of Ghana.  It was a first for that country.

Now more than a dozen people have died in the civil war torn African country of Nigeria.  At the end of January 2012, African media reports said there might be an outbreak in the northern areas of Nigeria, one doctor had died.  Reports published on February 15, said another doctor and a nurse died, along with 13 people.

The medical center in Nigeria’s Taraba state has been overwhelmed with cases, and shut down.

In the Nigerian port city of Port Harcourt, the State Commissioner for Health declared Nigeria to be suffering an epidemic of Lassa fever.  Efforts by the Nigerian government to contain the Lassa epidemic will be difficult, since the country is being torn by a violent civil war.  War actually helps spread the disease.

I’d just like to point out that the Untied States has been slowly increasing troop deployments to Africa, and there is no vaccine for Lassa!

Travel across the Indian Ocean to India, and you’ll discover outbreaks of rat fever there as well.  In the Ernakulam district, on the extreme southwestern tip of India, the government is losing a race to distribute rat poison to fight the infected rats.

Ernakulam district has 85 panchayats, or village level governing bodies.  They were supposed to get the rat poison at the end of last year.  According to Indian media reports, as of January 2012, 47 of the 85 panchayats got the poison, but even worse, only four of those actually distributed it to residents.

That’s because in India the panchayats have to pay up front for the so called government help: “We have been promptly delivering the pesticides wherever possible. We have distributed over three lakh packets to the 47 panchayats.
But in the absence of distribution, funds were not released and only four panchayats have been able to pay for the pesticide. It was owing to this that we temporarily stopped distribution.”-P Gopalakrishnan, Inspection and Quality Control

On top of that, the rat poison being offered has a three month shelf life, which means they are racing against time to find the funds to pay for the so called government program.  The Ernakulam district has already had several hundred cases, and several deaths due to the rat fever.

To make matters worse, Southeast Asia, where India is located, does not have laboratories that can handle such deadly diseases.  In a few months time, India will be the first country in Southeast Asia to have such a lab. It’s called the National Institute of Virology’s bio-safety level 4 (BSL-4) laboratory, and the study of Lassa is one of it’s top priorities.

But don’t think we in the West are better off (well we are, but not by much). According to the San Antonio Express, the U.S. state of Texas has one of the very few labs that study diseases like Lassa.

It’s the Texas Biomedical Research Institute’s bio-safety level 4 (BSL-4) laboratory.  They are currently working to develop vaccines for Ebola, Marburg and Lassa.

That’s the rub, there is no treatment for these diseases.

The Black Death was spread by fleas infected with bacteria. Those fleas lived on rats. Those rats spread around the world by hitching rides on camel caravans along the Silk Road, and on merchant ships.  Wars and famines also helped to spread the rats.

There were many times in history when a Black Death plague hit the World.  Hypothesis say it was probably different bacteria each time, science has not been able to positively pin the blame on any one bacteria (Yersinia Pestis is the current favorite).  But this latest Black Death Rat Fever, called Lassa fever, is not a bacteria, it is a virus, and therefore can not be treated with antibiotics.

“You have to be vigilant. You have to educate first responders on the strange diseases that start appearing in the emergency room. And you have to keep developing countermeasures. That’s all you can do at this point.”-Jean Patterson, Texas BioMed

I looked and there before me was a pale horse! Its rider was named Death, and Hades was following close behind him.  They were given power over a fourth of the earth to kill by sword, famine and plague, and by the wild beasts of the earth.

 

Business/Economics, International, U.S.

Majority of U.S. citizens say Corporate America is to blame for bad economy. The bell tolls for Bank of America and Fox News?

In the latest survey by Harris Interactive, 78% of people blame the bad economy on Corporate America (and Corporate Britain).

The annual Harris Interactive Reputation Quotient poll is a measure of how consumers view corporations.  So far the main stream media has only mentioned the good points of the poll, like Apple surging ahead of Google regarding a positive image among consumers.

What the main stream corporate controlled media isn’t reporting is that only 22% of those surveyed have a overall good impression of Corporate America!

Also, the survey is a warning sign for major banks.  According to reports, AIG, Goldman Sachs and Bank of America are on the Harris poll’s critical list, because they ranked as low as Enron, Adelphia and WorldCom, right before those later companies went out of business.

Other companies that scored poorly were BP (British Petroleum), JPMorgan Chase, Citigroup and News Corp (owners of Fox News).

 

Business/Economics, U.S.

United Corrupt Police States of America: It’s official, major U.S. cities, and their police departments, are rife with corruption!

The Chicago Tribune has published a report by the University of Illinois at Chicago, and the University of Illinois’ Institute of Government and Public Affairs.

That report says the public officials, including the police, of major cities in the United States are corrupt!  The study is based on federal court cases.

Percentage wise, Louisiana had the most corrupt officials.  Illinois, New York and Pennsylvania took the next three highest per capita positions for corruption.

When looking just at the number of cases, New York state was number one, followed by California and Illinois.

The study did not break down the types of corruption, but ‘public corruption’ includes bogus contracts, bribes, out right theft, ghost payrolling and police brutality.   Remember, the study is based on corruption cases that actually made it to federal court, so you can imagine just how corrupt your public officials really are!