Category Archives: International

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

Corporate Incompetence: Olympus scandal deepens as company officials destroy documents, investigators say lost money went to organized crime, U.S. investor sues

“Olympus was exploited over its cover up totaling losses of 50 billion yen, and since 2000, over 200 billion yen has disappeared into the underground economy.”-leaked Japanese government memo

The New York Times claims to have seen an official memo, from Japanese investigators, which says it is highly likely that the fraudulent investment schemes that Olympus optical company was part of, were done for organized crime.

Investigators say U.S.$4.9 billion of the money Olympus invested, are unaccounted for! This is far more than initially reported.

This info comes as NHK reported that Olympus officials held a press conference in which they swore they were reforming their policies, and that they really are going to make money this year.

But that doesn’t help the fact that a new unnamed source says what we’re hearing is just the tip of the iceberg, because for years Olympus officials destroyed data, to cover up losses involving foreign investments.

Here in the United States a major holder of Olympus securities is so fed up that he’s filed a lawsuit.  Lloyd Graham says Olympus violated the U.S. securities and exchange laws.  Graham holds Olympus securities specifically issued to the U.S. market, called American Depository Receipts (ADRs) of Olympus.

Graham says Olympus officials intentionally hid investment losses, and released false reports on the firm’s finances and earnings for at least five years.

 

Business/Economics, International, U.S.

Occupy the World! Greeks attack U.S. Embassy, Hundreds arrested in New York, Bank of America occupied in California, retired Cop says police work for the 1%!

“All the cops are just workers for the 1%…As soon as I’m let out of jail, I’ll be right back here and they’ll have to arrest me again.”-Ray Lewis, retired Philadelphia Police Captain

Don’t think the OWS movement is dead, thousands are trying to shut down Wall Street today, November 17.  Those thousands include health care workers, retired police officers and even investment brokers!

“The fact of the matter is, there is a schism between the rich and the poor and it’s getting wider.”–Gene Williams, bond trader

The NAZI NYPD physically attacked the protestors, so far more than 200 have been arrested.  At one point, when the protestors stared to sign the National Anthem, the NYPD blasted them with sound cannons.

Across the country, in California, at least 100 protestors were arrested after they tried to take over the Bank of America, California HQ, in San Francisco.  For awhile the protestors were successful, disrupting bank operations for about four hours.

In Greece, in what could be a revival of the anti-U.S. revolutionary movement, known as 17 November, thousands of Greeks attacked the U.S. Embassy.  In 1973 the Greek people overthrew the U.S. backed military government. Now they see what’s happening in their country as an attempt by the corporate world, specifically Corporate America, to take over their country again.

More than 20,000 people marched through central Athens, while another 12,000 protesters joined a rally in Greece’s second-largest city, Thessaloniki.  The Greek government called out 6,000 cops to handle the protests.

Thousands of Italians also took to their streets, to protest their new non-elected technocrat controlled government’s draconian budget cuts.  Italian college students tried to use firecrackers as weapons against the cops.

Transportation unions shut down Italian public transportation services for several hours.

 

Business/Economics, International, U.S.

Global Economic War: U.S. hospitals shipping medical waste to Brazil, calling it “Textiles”

“I hope that the United States is looking into this case, and the guilty party is properly punished for the crime against Brazil.”-Wilson Damasio, Social Defense Secretary of Brazil

Brazilian authorities have confiscated two containers with 45 tons of hospital waste from the U.S.  They say they have info that another 14 containers are on their way from South Carolina.  They are being illegally shipped as “cotton textiles with manufacturing defects”.

Inside the two containers were found used and bloodstained sheets, pillowcases, bath towels, robes, pajamas, diapers, syringes, hospital gloves, catheters, and bandages.

Brazilian officials are pushing for a formal complaint to be filed against the United States.

 

 

International, Technology, U.S.

World War 3: Pentagon to kill computer hackers, pushing for cyber weapons

A 12 page U.S. Department of Defense report, given to Congress, says all options are on the table for dealing with computer hackers: “When warranted, we will respond to hostile attacks in cyberspace as we would to any other threat to our country. We reserve the right to use all necessary means; diplomatic, informational, military and economic, to defend our nation, our allies, our partners and our interests.”

The President of the United States would make the ultimate call. But analysts say the policy could open a can of worms, after all, if China was able to trace a hack back to the U.S. who’s to say they wouldn’t be legally justified in attacking the U.S. hacker?

Back at the beginning of November, Pentagon officials revealed they are pushing for offensive cyber weapon systems: “We are shifting our investments to activities that promise more convergence with the threat and that recognize the needs of the Department of Defense. Malicious cyber attacks are not merely an existential threat to our bits and bytes. They are a real threat to our physical systems, including our military systems.”-Regina Dugan, Defense Advanced Research Projects Agency (DARPA)

The irony is that most of the destructive computer hacks, and/or virus attacks, seem to be coming from the United States!  Does that mean our own military is going to start bombing our own computer geeks?

 

Business/Economics, International, U.S.

Corporate Incompetence: Olympus now under investigation by the British, FBI also invloved. Olympus officials beg banks for more money

Scandal with Japan’s Olympus only gets deeper.  Now the United Kingdom’s Serious Fraud Office (SFO) confirmed they are investigating.

The SFO, located in a building known as Elm House, says they’re getting help from a former Olympus CEO, Michael Woodford.  He’s already turned over corporate documents he kept after he was fired from Olympus last month.  The SFO also confirmed that the U.S. FBI is involved.

This comes as Olympus held an emergency meeting with 40 banks, to  essentially beg them for more money.

According to NHK, Olympus officials swear they’re actually going to make money this year, however overall sales are slightly down from last year.  Olympus stated they will release their accounting books by the government ordered date of December 14.  They will also reveal who’s responsible for the huge losses from securities investments, as well as buyouts of other companies.

NHK gave no indication of how the bank officials reacted to the emergency meeting with Olympus.

Business/Economics, International, U.S.

What Economic Recovery: WalMart profits down, again, don’t blame the U.S. consumer, blame inflation

WalMart Stores Inc., the world’s largest retailer, saw its 3rd quarter profits fall below what they expected.  They blame price cutting in an effort to boost overall sales.

WalMart says that compared to the same time last year (3rd quarter, ending October 31), their net income was down 2.9%.  The lower prices did increase overall sales, by 8.2%, but WalMart had cut their prices below what it was actually costing them, which explains the drop in net income.

WalMart officials claim they will continue to keep prices low, despite their suppliers raising their prices (inflation).  They also admit they expect their 4th quarter net revenues to be down as a result, Merry X-mas!

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

End of Lawsuit may re-invigorate Idaho’s Micron, gets big boost from George Soros, rumors of insider trading

Finally, after more than a year (the last 8 weeks in deliberations), a California jury has decided in Micron’s favor, ending the possibility of Micron having to pay $11.9 billion in restitution.

A California company was suing Idaho’s Micron, along with a South Korean company, claiming they worked together (colluded) to fix computer chip prices, and to interfere with the California company’s ties with Intel.

Since 2009 Micron has fallen from being Idaho’s top employer, after laying off thousands of employees. If they had lost the lawsuit it would have been their death blow.

Even before the verdict the value of Micron stock started going up (possibly due to George Soros).  Bloomberg News reported that Micron stocks are making “unusual moves” upward.

A big reason Micron stock is going up is that billionaire investor, George Soros, recently bought up 484.5 million senior convertible Micron Technology securities, valued at $$477.6 million!  Maybe a positive turnaround for Idaho’s Micron is finally in the works?

Here’s the problem: George Soros started buying up Micron stock days before the California jury made their decision.  This is now starting rumors of insider trading.  But it’ll be tough to prove, after all, how could anyone know what a jury is going to decide, right?  Oh well, it’s happened before.

International, Technology

Double Edged Sword: Cancer Gene actually fights Cancer

A team at the Nagoya University Graduate School of Medicine has been conducting research on a gene called TTF-1.  It’s associated with lung cancer, adenocarcinoma, which is the hardest to treat among all lung cancers.

Now researchers say it also fights cancer.  In healthy adults, where the TTF-1 gene has not gone renegade, researchers found that it produced a protein that prevents cancer metastasis (the spread of cancer from one part of the body to the rest of the body).

More research needs to be done to see how this double edged sword TTF-1 cancer gene can be used to stop cancer.

International, U.S.

World War 3: Peaceprize winner, Obama, sending thousands of U.S. Marines to Australia. Prep for war with China, or trying to save money?

“With my visit to the region I am making it clear that the United States is stepping up its commitment to the entire Asia-Pacific region.  But the second message I’m trying to send is that we are here to stay. This is a region of huge strategic importance to us.  Even as we make a whole host of important fiscal decisions back home, this is right up there at the top of my priority list.  And we’re going to make sure that we are able to fulfill our leadership role in the Asia-Pacific region.”-Barack Obama, Noble peace prize winner & President of the United States

After nearly four years as President of the United States, Barack Obama finally makes an official visit to Australia, where he announced the deployment of 2,500 Marines!

U.S. officials claim it’s partly at the request of the Australian Prime Minister, Julia Gillard.  Foreign policy analysts say it’s really about surrounding China with U.S. forces, in preparation for war.

Currently the U.S. and dozens of Asian/Pacific countries have been discussing the creation of a TPP (Trans Pacific Partnership, or free trade zone).  China has been deliberately left out of those TPP negotiations.  In fact, many of the governments of the smaller Asian countries are pushing for the TPP as a way of protecting themselves, economically, from China.

Another possibility is that the U.S. Department of Defense is trying to cut costs, shutting down state side bases.  Part of this move, to send the USMC to Australia, includes training of U.S. military pilots in Australia, rather than the U.S.  Obama said U.S. forces will jointly train with their Australian counterparts.

The important thing is that this is definitely an overt move of expansion on the part of the struggling U.S. Empire: “…the first long-term expansion of the American military presence in the Pacific since the end of the Vietnam War.”– New York Times

 

Business/Economics, International, U.S.

Global Economic Class War: Proof the banks are taking over Europe; the new Prime Ministers were not elected! New governments will not be elected either!

Who elected the new Italian Prime Minister, Mario Monti?  Not the people of Italy, but one man, the Italian President Giorgio Napolitano.

Here’s the thing, in Italy the position of President is not one of much power.  The Prime Minister is the top dog.  It’s like John Boehner appointing Barack Obama’s successor (some people would like that).

Italy’s new national government will not be elected either, it will be hand picked by the new hand picked Mario Monti.   Italian officials are using the excuse that Italy can’t wait for elections.

The same can be said about the new Greek Prime Minister, Lucas Papademos.  He was hand picked, not elected.

Some opponents of Papademos said he’s planning on delaying the scheduled Greek national elections, that are supposed to be held on February 19, 2012.  When Papademos was asked about such a rumor, he simply said that as far as he was concerned, no specific time frame had been set for national elections!

According to the opposition Greek Socialist Party, Lucas Papademos asked for a promise of no political interference in his plans for Greece, and he got it.

This sure looks like the big banks have taken control of Italy and Greece: Both Monti and Papademos have a long history working in the banking/finance industry. Both have gone to university in the U.S., or taught in U.S. universities.  Both men are members of the European chapter of the Rockefeller founded Trilateral Commission!