Category Archives: Business/Economics

Business/Economics, U.S.

Pale Green Horse & Medical Incompetence: FDA says blood from American Red Cross still not safe to use

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.

Yet again, the American Red Cross (ARC) has been fined by the U.S. Food and Drug Administration (FDA) for continued violations of blood safety rules.

“Since the FDA and American Red Cross’s 2003 agreement, the Red Cross has been previously fined $37 million, but the substandard performance of critical Red Cross blood handling functions continues.”-Sidney Wolfe, Public Citizen’s Health Research Group

In an official letter made public on January 13, the ARC was fined $9.59 million for failure to correct violations.  This is not the first time, the ARC has been cited at least 14 times, and fined at least $37 million since 2003!

The ARC insists that the country’s blood supply is “safer today than ever before”, yet implied a confrontational attitude towards the FDA: “We don’t discuss our relationship with the FDA.”-Stephanie Millian, Red Cross spokeswoman

Problems listed include improper training of ARC volunteers in handling blood, and lack of staffing due to consolidation (downsizing?) of facilities in Philadelphia and North Carolina.

 

 

Business/Economics, International

What Global Warming? It’s Summer in South America, yet 2,500 Alpacas die due to extreme cold

When it’s winter time in the Northern Hemisphere, it’s summer time in the Southern Hemisphere, yet it’s so cold that animals are freezing to death in one South American country.

In the Cusco region of Peru, officials are reporting that at least 2,500 baby Alpacas froze to death.  That’s based on the areas that Civil Defense authorities could get to, most roads are blocked because of heavy snow: “There are 700 families who are dedicated breeders in the area, but we can not get to them because of the snow….we might discover even more deaths.”-Jose Suyco Quispe, Civil Defense Technical Secretary of Espinar province

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

Corporate Incompetence & What Economic Recovery? Hoku Materials begs for money from China, to pay its overdue Idaho Power bill

Pocatello, Idaho’s, polysilcon factory, run by Hoku Materials (which is a subsidiary of Hoku Corporation, which is 60% owned by China’s Tianwei New Energy Holdings Company Limited) continues to have trouble paying its electric bill.

Hoku has paid part of its November Idaho Power bill (still owes interest), but has failed to pay its December bill.  As a result Hoku has turned, once again, to China for financial help.   At least $1.9 million will be wired from the Bank of China.

Idaho Power says it’s tired of the games Hoku is playing, and will end power supply on January 26 if the balance isn’t paid in full.

You know, the utilities have no problem cutting off power to individuals who can’t pay their power bills, so why not when it comes to a corporation that owes millions of dollars?

This might be the final nail in the coffin for Hoku, which is years behind schedule and hasn’t even started polysilicon operations yet (although its Chinese owners jumped the gun and announced such production start up back in December).

CORPORATE INCOMPETENCE:  IDAHO’S HOKU POLYSILICON FACTORY, LOOKS MORE AND MORE LIKE THE DEAL IS OFF!

Business/Economics, Idaho, U.S.

Black Horse & Political Chicanery: Idaho Republicans rip off Idaho taxpayers. One gets paid to sleep on his office couch, the other gets paid to sleep in his parents home!

“…there before me was a black horse! Its rider was holding a pair of scales in his hand. Then I heard what sounded like a voice among the four living creatures, saying, “A quart of wheat for a day’s wages, and three quarts of barley for a day’s wages, and do not damage the oil and the wine!”

The Associated Press revealed that at least two Idaho state lawmakers were being paid as much as $122 per diem to sleep in their office, or parent’s home!

Those lawmakers are Republicans John McGee and Curt McKenzie.  McGee has already made the news back in 2011, when he was arrested, and charged with grand theft and drunk driving!

According to the Associated Press, both Idaho state Senators were being paid $122 per day even though they live less than 30 miles from Boise! Gee that’s nice, there are many more Idahoans driving more than that to get to work, and they don’t get paid for it!

It’s not just that they were being paid $122 per day but it was the fact that they were actually staying in Boise; McKenzie took the money even though he slept on his office couch, and McGee claimed the money even though he was staying with his parents.

But don’t think this report by AP will end the scandal, both Idaho Republicans told the Associated Press that they will still claim per diem, but at a smaller rate of $49 per day!

Business/Economics, International, U.S.

White Horse & World War 3: U.S. sanctions on Iran target Chinese company, China pissed

I looked, and there before me was a white horse! Its rider held a bow, and he was given a crown, and he rode out as a conqueror bent on conquest.

In the name of sanctioning Iran, the United States has imposed sanctions on a Chinese company, the Zhuhai Zhenrong Corporation.

U.S. State Department claims that Zhuhai Zhenrong is Iran’s largest supplier of refined petroleum products. China is not happy:  “Imposing sanctions on a Chinese company based on a domestic U.S. law is totally unreasonable, and does not conform to the spirit or content of UN Security Council resolutions about the Iran nuclear issue. China expresses its strong dissatisfaction and adamant opposition.”-Liu Weimin, spokesman for China’s Foreign Ministry

The U.S. action comes as China is increasing oil deals with Arab Peninsula countries, and reducing oil imports from Iran.

Business/Economics, International, U.S.

Pale Green Horse & Red Horse: Greed for Oil and Cattle Rustling shuts down international health care services for people of South Sudan. U.S. involved

Then another horse came out, a fiery red one. Its rider was given power to take peace from the earth and to make men slay each other.

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.

Since the United States lifted its economic embargo on South Sudan in July 2011, the young country has been spiraling out of control.

Recently South Sudan officials accused Sudan of stealing its oil.  In the latest case they say Sudan stole 650,000 barrels of oil, which was loaded onto a Sudan ship.  Sudan replied by saying South Sudan failed to pay import duties on the oil.  Currently South Sudan must ship its oil through Sudan to ports on the Red Sea.

To make matters worse, South Sudan is in a civil war.  More than seven groups claim that the pro-U.S. government of South Sudan has no intention of living up to its democratic promises (typical of pro-U.S. governments).

But the fighting has gotten so bad that it has international health care providers, and innocent people of South Sudan, running for their lives: “Thousands of people in Lekongole and Pibor fled in the last week and are now hiding in the bush, frightened for their lives. They fled in haste and have no food or water, some of them doubtless with wounds. Now they are hiding on their own, beyond the reach of humanitarian assistance.”-Parthesarathy Rajendran, Medecins Sans Frontieres (French for Doctors Without Borders)

On January 13, the UN World Health Organization announced that fighting in the northern state of Jonglei had destroyed all international health facilities in that area.  So far more than 200 international health care workers have been airlifted out.

In one report, the fighting in the state of Jonglei is being blamed on two rival tribes, who accuse each other of cattle rustling.

 

Business/Economics, International, U.S.

White Horse & World War 3: China may be moving away from Iran. Making deals with pro-U.S. Saudi Arabia, Qatar & UAE. Cuts oil imports from Iran

I looked, and there before me was a white horse! Its rider held a bow, and he was given a crown, and he rode out as a conqueror bent on conquest.

The Chinese Premier, Wen Jiabao, is visiting several Arab Peninsula countries, signing major oil deals with Saudi Arabia, Qatar and United Arab Emirates.  

Saudi Arabia is already China’s biggest supplier of oil.  The new deals include building a 400,000 barrel per day refinery just for China, and Chinese companies expanding the infrastructure of the Arabian Peninsula countries.

This comes after China announced it would cut oil imports from Iran, blaming contractual issues (not pressure from the U.S.).

However, Premier Wen said China and Saudi Arabia needed to deepen their cooperation “…in the face of changeable and complicated regional and international trends.”

Business/Economics, Technology, U.S.

Pale Green Horse: Crime no longer number one killer of Americans; Heart Disease, Cancer, Diabetes and other illnesses beat out murderers. So much for America’s great capitalist health care system!

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.

The U.S. Centers for Disease Control and Prevention (CDC) released their list of top disease/illness killers, and when compared to the Federal Bureau of Investigation’s (FBI) crime report, health issues now kill more people than criminals.

The FBI says murder has dropped to 16th place in their list of crimes in 2010.  That made health issues the number one killer in the U.S.

The top killers are heart disease, cancer, chronic lower respiratory illnesses, cerebrovascular diseases, Alzheimer’s, diabetes, kidney disease, influenza, pneumonia & pneumonitis, septicemia, Parkinson’s and suicide.

 

 

Business/Economics, Idaho, U.S.

Economic Recovery? 100% inflation: January 14 last day to get your Powerball Lottery ticket for only $1

Saturday, January 14, will be the last day you can get a Powerball Lottery ticket for  $1.00.  To “celebrate” the lottery’s 20th anniversary the price of one “play” will now cost $2.00.

Lottery officials claim the 100% increase in the price of a lottery ticket is worth it because they’ve increased the size of most jackpot winnings.  For example the new starting jackpot amount will double from $20 million to $40 million.

They also claim it will be easier to win.  They’re reducing the number of red Powerball numbers used.  Instead of 39 red numbers, there will be 35.  But since I’ve played the lottery for at least two decades, and never won anymore than $10.00, the 100% increase in the price of one play is enough to make me stop playing.

 

 

Business/Economics, U.S.

Corporate & Government incompetence: USPS paid FedEx $1.4 billion in 2010! Or did they?

Cash strapped U.S. Postal Service paid FedEx (called Federal Express until 1994) $1.4 billion in 2010, to send USPS packages!

It’s ironic because not only is FedEx a contractor with the USPS (one of the biggest), it’s also a rival of the USPS.

One consulting group, SJ Consulting, suggested the USPS stop sending so many airfreight packages through FedEx.  But here’s the thing, before anyone gets upset with the Postal Service, didn’t we postal customers actually pay for the cost of shipping those packages on FedEx?