Category Archives: Business/Economics

Business/Economics, International

Global Class War: Denmark taxes Fat, yet majority of Danes are Skinny, Jack Sprat’s wife the victim of elite nutritionists

Yet more proof that the Danish government’s tax on fat is about making money, not being healthy.  According to the Organization for Economic Cooperation and Development, only 10% of Danes are obese!

On a recent BBC World Have Your Say program, a Danish politician said that the purpose of a democratic representative government is to “find balance” in imposing social policies on the general public. Say what? I always thought a democratic representative government was supposed to do what the majority of the voting public wants!  Oh well, I’m still waiting for it to happen here in the United States.

Basically the Danish politician was admitting that Denmark is being run by a minority of do gooders that’re pushing their own agenda upon the majority of Danes.

Consider this: There is scientific evidence that it’s a high carbohydrate/sugar diet that actually makes you fat.  Now realize that the majority of Danes eat a high fat diet and only 10% are obese!!!  That’s 5% below the average for all of Europe.

There’s also plenty of evidence that shows skinny people are just as prone to conditions (like diabetes) as fat people.  In fact there’s growing evidence that most poor health conditions, in adults, are more influenced by genetics than what you eat.  Remember the old nursery rhyme about Jack Sprat?  There’s truth in it.

Business/Economics, International, U.S.

Global Class War: Occupy Los Angeles occupies City Hall, indefinitely. Protestors are leaderless, collectivley organized and highly educated

“I spent seven years at the University of Michigan getting a PHD in Medieval European History, and I realized that I wasn’t making a difference there, and I thought I can make more of a difference on the street organizing people, getting the 99% out to have a voice.”-Occupy LA protestor

October 3, protestors in Los Angeles, California, have occupied city hall and say they will stay there for as long as possible.

Volunteers from the National Lawyers Guild are educating protesters about their legal rights in case they are confronted by police.  But some protestors believe that eventually the police will join the protests: “…their pensions are under attack, their overtime is under attack, their benefits are under attack. So once they realize they’re actually part of this movement, I foresee no problems.”-Occupy LA protestor

The continued expansion of the “occupy” movement across the United States has even protestors amazed: “The leadershiplessness of this movement is incredible! The number of the people, the commitment of the people, the collective education of the people.  The moment is ripe!”-Occupy LA protestor

Business/Economics, Idaho, U.S.

What Economic Recovery? Unemployed young men in Idaho more than national average

According to Federal numbers, the percentage of unemployed young men in Idaho is more than the national average.

In 2009 the national average was 17%, in Idaho it hit 20%!  Idaho’s 2010 rate was around 18%.

Unemployment claims are down, but according to Idaho Labor Department officials that’s because people just don’t qualify for unemployment assistance anymore.  One official said about 100 people per week are falling off the state unemployment assistance simply because they’ve exceeded the time limit.

Business/Economics, Idaho, U.S.

What Economic Recovery? Idaho dental insurer to cut payments

Delta Dental of Idaho is going to cut insurance payments to dentists by as much as 13%.

Delta officials say they have to do it to keep costs down to employers who offer their employees the Delta Dental plan.

Idaho dentists say they will have to jack up prices to make up the difference.  One dentist says the cuts took him by surprise: “In the past, Delta Dental has been a great partner with dentists. This is a little out of the blue. I’ve never seen this before.”-Don Wyatt

Delta Dental of Washington state cut payments back in April, by as much as 15%!

Business/Economics, International, Opinion

Global Class war: Denmark & Hungary impose taxes on Fat and Potato Chips

Under the guise of forcing people to eat “healthy”, the governments of Denmark and Hungary have imposed the world’s first taxes targeting specific foods.  Of course those foods are the most affordable for the growing number of people with less and less income.

Hungary has imposed a potato chip snack tax. Snack chips (called crisps, in Europe) will be taxed at about U.S.$1 per kilogram (2.2 pounds), which could add 10 to 20 cents per bag of chips.  The tax includes other items like sugary drinks, snack cakes, salty snacks, and even food flavorings!

Denmark has imposed a U.S.$3 per kilogram (2.2 pounds) tax on the saturated fat content of food.  The main targets of the fat tax are milk, butter and cheese.

Here’s the problem with the logic of the governments’ reasons for taxing food that is fast becoming the only food people can afford: Putting a tax on food does not make people eat healthy!  The taxes imposed by Denmark and Hungary are not enough to force people to buy much more expensive health food. In the case of Denmark, they’re taxing the main staples of European diets; milk,butter and cheese! Rather, I think those governments are trying to capitalize on the fact that more and more people will be buying the “less healthy” food, because they can’t afford anything else!

Read why the Danish fat tax is only about money (clue: the Danes are not fat)!

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

Incompetence or Conspiracy? Idaho Real Estate web sites, and even Wikipedia, list Micron as the biggest employer in Boise

The computer chip maker Micron Technology is in big trouble, and since 2009 isn’t even the second biggest employer in Boise, Idaho.  Yet, Idaho real estate agent web sites, which encourage out’a staters to move to Idaho, continue to list Micron as the top employer.  Other web sites, and blogs, list the number of Boise Micron employees at 15,000!  Even a check of Wikipedia’s section on Boise still claims that Micron is the top employer.

Micron hasn’t been the top employer ever since 2009, after lay offs cut their Boise work force down to about 5,000.  And that’s according to a September 2011 Idaho Statesman report.  Also, the Idaho Statesman says Micron’s peak Boise employment of about 15,000 happened a decade ago!

To make matters worse, Micron is losing money.  They lost $135 million in the third quarter of this year.  On top of that they’re about to get hit with a court judgment for price fixing.  That judgement could be as high as $11.9 billion.

Micron recently told investors that such a fine would further degrade future operations, and, they admitted they don’t even have any money to pay such a fine!

So why are Idaho real estate companies, web media sites, bloggers, and even Wikipedia still promoting Micron as the top employer in Boise?  Conspiracy, or incompetence?

Business/Economics, U.S.

Class War: Occupy Wall Street protests escalate, more than 700 arrested after Brooklyn Bridge blocked, hundreds arrested in Boston, Occupy Chicago continues, Occupy Los Angeles grows

“Over 700 summonses and desk appearance tickets have been issued in connection with a demonstration on the Brooklyn Bridge late this afternoon after multiple warnings by police were given to protesters to stay on the pedestrian walkway, and that if they took roadway they would be arrested.”-official police statement

October 1, what had to be several thousands of protestors took over the Brooklyn Bridge.  It had to be several thousand because New York city police say they arrested more than 700 of them.  The bridge is now open to vehicular traffic.

“This is our Tahrir Square. We’ll stay here for months if we have to.”-Emilio Baez, Chicago protestor

The protests in Chicago, Illinois, are now a week old.  At lest 30 people are protesting in front of the Federal Reserve Bank of Chicago.  The protestors are calling for the end of the Federal Reserve.

“We had to set a stand to let Bank of America know they cannot foreclose on families and put them out on the street.”-Carolyn Grant, Boston protester

In Boston, Massachusetts, about one hundred people were arrested during protests in front of Bank of America’s headquarters. Reports vary on the number of protestors, from several hundred to more than 3,000!

Boston cops made statements that revealed their true attitude: “They wanted to be arrested, and we obliged.”-Edward F. Davis, Boston police Commissioner

In Los Angeles, California, several hundred people continued the on again off again, Occupy LA protests, by marching to city hall.  No arrests were made, people driving by joined in by honking their horns.

 

 

 

 

 

 

Business/Economics, International

Class War: Studies reveal Money does make you happier, but it only drives you to want more

A Chinese newspaper gathered data from studies done around the world, about wealth, and the people who have it, and found that many common myths about having lots of money are false.

I always heard that “money doesn’t buy happiness”, turns out that’s a lie. One study, by Justin Wolfers and Betsey Stevenson, concluded:

1) Rich people are happier than poor people.

2) Richer countries are happier than poorer countries.

3) As countries get richer, they tend to get happier.

However, Psychologist David Myers says the degree of happiness depends on the relative disparity between the rich and the poor.  Apparently the more impoverished a country is, the more happier the rich bastards become (is that why Wall Street is trying to take down main street U.S.A.?).

Also, University of Michigan researcher Ronald Inglehart discovered that once a person becomes wealthy, it takes even more and more money to keep them happy, like a drug addict (again, is that why Wall Street is trying to take down main street U.S.A.?).

What about the myth of suicides and rich people losing their money?  Many people think of the Crash of ’29, when supposedly dozens of people jumped to their deaths, from their high rise offices, after losing all their money in the stock markets.

While some rich people do kill themselves, people living in poverty are still more likely to end it all.  Several studies have been done, including by the UN World Health Organization, and they conclude that the majority of suicides involve people living in rural (poor) areas!

U.S. deaths are caused by poverty…. about the same as deaths from heart attacks and stroke, study finds

The Global Social Crisis: Report on the World Social Situation 2011

Every Thirty Minutes: Farmer Suicides, Human Rights, and the Agrarian Crisis in India

Poverty, Mental Illness and Suicide Linked

 

Business/Economics, International

What Economic Recovery? Tens of thousands of Chinese turn out to help the growing poor, by listening to a businessman sing

A Chinese businessman, upset with how many people are being left behind in China’s explosive economic growth, put on a charity concert, and was surprised by how many people showed up to help.

What’s even more amazing was that the only talent in the concert was the very same Chinese businessman.  He was hoping to get 6,000 people to show up, he got 20,000!

“It was packed. There were fans from Xinjiang, Gansu and Inner Mongolia, holding up posters.”-Chen Guangbiao, 43-year-old businessman and high-profile philanthropist

Here’s another surprise, it wasn’t money that was being donated: 2,000 pigs, 1,000 sheep and 113 tractors where given to the Bijie city government, to be donated to local farmers.

Chen Guangbiao says he will check up on the local government: “I’ve asked them to put distribution details online.”