The Law of Mother Earth. If it passes, it will be historic. Bolivia’s legislature is debating the new bill, which many believe will be passed.
The Law of Mother Earth. If it passes, it will be historic. Bolivia’s legislature is debating the new bill, which many believe will be passed.
Venezuela has officially quite the economic union “Andean Community”. It’s made up of Bolivia, Colombia, Ecuador and Peru.
Venezuela said it quite the trade group because of free-trade agreements signed with the United States and Andean pact members Peru and Colombia.
Venezuela now hopes to join MERCOSUR, a trade group made up of Brazil, Argentina, Paraguay and Uruguay.
Ford is temporarily closing plants in Taiwan, China, and South Africa. The Taiwan plant will be closed for about two weeks. The plants in China and south Africa will be closed for one week.
Ford did not say whether the lost production would be made up later, or if it would adjust its global output forecast for 2011. The current global economy is not only a threat to the average worker, but the disaster on March 11, in Japan (the “just in time” supply center of the global economy), showed that is bad for big businesses as well.
Toyota has already lost its number 1 ranking, no thanks to the March 11 disasters in Japan. Now its heading down to number 3.
General Motors is now the number 1 world producer of cars, not just because of what happened in Japan, but because GM’s sales are taking off in China. Who’s about to become number 2? Volkswagen.
VW is expected to produce 7 million cars by the end of 2011, right behind GM.
Japan is now rethinking its “just in time” supply system. The March 11 disasters reveled the inherent flaw in the system, especially without any back up systems in place. A “just in time” system is a house of cards, just pull one or two, and the whole house comes down.
More than 8.1 million tons of goods was transported through Iran the past Iranian year (which ended on March 20). That’s a 42% increase.
86% of the goods were shipped over roads and rail networks. Bandar Abbas and Sarakhs border crossings, in south (Gulf coast) and northeast (Turkmenistan) of Iran, were the busiest.
Studies of the effects of the March 11 tsunami, on the farm land that was flooded, shows there is too much salt in the soil. Not only is radiation a concern, but now salt.
Immediately after the tsunami Japanese officials were optimistic that the flooded farm land would not have too high a level of salt. The latest testing of the soil proved otherwise. 78% of the 2,300 hectares (5,683 acres) of farmland, in Miyagi Prefecture, cannot be planted this year. Farmers will try flushing their fields with fresh water.
Remember the stories about Japanese who couldn’t get their money out of the banks, after the March 11 disasters? The president of one of those banks has just resigned, because they weren’t prepared.
Satoru Nishibori, president of Mizuho Bank, will leave in June. He failed to authorize a proposed computer update. The result was that all the ATMs in Japan shut down after the 9.0 quake.
This is not the first time Mizuho Bank had computer problems. Back in 2002 when three banks merged under Mizuho Bank, there were problems caused by failing to integrate the three banks computer systems. Two executives resigned over that.
But even after that officials with the bank did not see any reason to update their computer programs, which are 20 years old! It took 10 days to restore the computer system, after the March 11 disasters. It still does not run smoothly, because they have no manual, or personnel, to address such a problem!
There is word that action could be taken against the bank’s parent company, Mizuho Financial Group. This is another example of how the Japanese are not prepared for disasters.
Toyota announced that production at its factories will not return to pre-March 11 levels, until December. Toyota expects 2011 production levels to be lower than 2009.
Production in Japan will not pick up until July. Production at all other Toyota plants will remain low until August. And that’s a best guess: “We don’t know how the production recovery curve will shape up.”-Atsushi Niimi, Toyota Executive Vice President
Toyota officials pointed out that in today’s car factories it only takes one missing part to shut down production. Especially when it comes to electronic parts.
Toyota is now cutting production at its Thailand factory by 50%, starting April 25. Honda and Nissan have announced similar cuts at their Thailand factories.
Brazilian Foreign Minister Antonio Patriota announced his country’s new President, Dilma Rousseff, will continue the policies of former President Luiz Inacio Lula da Silva, in regards to Iran: “Rousseff will stay on the path of her predecessor and mentor Lula da Silva.”
Now Iran will open a trade center in Brazil. The move is meant to increase trade between the two countries. According to a 2009 IMF report, Brazil is Iran’s largest trade partner in South America. Iran also has trade deals with Venezuela, Ecuador, and Cuba.
New York City’s Economic Development Corporation is hosting a weeklong program, trying to sell property to Chinese companies.
It’s another sign that the economy is not recovering. Real estate agents can’t sell enough property to U.S. companies, so they’re trying to get the rich Chinese to buy it.
Several Chinese businesses have already opened New York City offices, include the apparel company Li & Wang, and several banks and investment firms.