Category Archives: Technology

What Economic Recovery? Dow Chemical to close 20 factories, despite making profits! Warns economy is getting worse!

“Economic growth in 2012 has slowed to a trickle, and that has spooked a lot of people.”-Jake Dollarhide, Longbow Asset Management

“Our low cost feedstock [natural gas] advantage enabled us to deliver volume growth, despite weakening demand. These difficult conditions [bad economy] may have extended staying power, as the new reality is that we are operating in a slow growth and volatile world.”-Andrew Liveris, Dow Chemical CEO

On 24 October 2012, Liveris explained the 2,400 job cuts (inadvertently announced the day before) as being necessary because Dow officials see the world economy getting worse.

Some analysts were surprised by the elimination of jobs and 20 factories: “Dow had very strong volumes in an uncertain macroeconomic environment. When I heard the announcement they were cutting jobs, I thought they had a really bad quarter, but it seems that business is A-OK.”-Hassan Ahmed, Alembic Global Advisors

Stock market investors are overjoyed at the announcement of the elimination of jobs (as they always are), and Dow Chemical stock values shot up 5 to 6% the morning after the job cuts were announced.

Dow reported net revenue for this past quarter at $582 million USD.  But that’s down from the same quarter last year, when they reported $900 million. (note: various U.S. media sources are reporting slightly different revenue numbers) Dow officials say their sales are down across the board.  The only area they see possible increase in sales is in their plastics made from cheap natural gas.

Their natural gas supplies come from the U.S. Gulf of Mexico operations, and Saudi Arabia.  Dow has no plans for cutting workers from those operations. About 1,500 of the job losses will come from Dow’s paint and solar cell factories.

20 factories in Japan, Belgium, Netherlands, United Kingdom, Spain and the United States will be closed.  Bloomberg reports that Dow did not want to make the layoffs public, but mistakenly emailed the announcement to some media outlets!

Despite stock investors buying up Dow stock, the chemical company said it will also cut $500 million from their own investing and capital spending.   That’s the exact opposite of what U.S. President Barack Obama has been saying is needed to revive the economy.  Obama has been stressing that unAmerican Corporate America needs to increase spending on investments and capital.

 

Some Economic Recovery? GM & HP make deal to end outsourcing! GM software deal and new tablet could save HP?

22 October 2012, General Motors (GM) and Hewlett Packard (HP) announced a deal that will see 3,000 HP employees go to work for GM.

GM officials claim it’s part of a plan to reduce outsourcing and increase in-house operations, at least when it comes to information technology.

Randy Mott, GM Chief Information Officer, stated that when it comes to IT work, it’s more efficient and cost effective if done in-house: “These agreements with HP will enable us to accelerate the progress of our IT transformation by delivering increased innovation and speed of delivery to our GM business partners, and reduce the cost of ongoing IT operations…”

With IT workers they’re able to change projects rapidly, no need to re-tool  factories.

But don’t think this is actually 3,000 new jobs, as, according to Automotive News, most of the HP employees already do outsourced work for GM. According to InformationWeek, those HP workers are actually being hired away from HP, meaning they will become full fledged in-house GM employees (so this allows HP to layoff those employees, right into GM jobs).  Reports vary on how long this new deal will last, one report said it was multi-year.

A couple of weeks ago GM said they were going to hire 2,000 IT people in Michigan and Texas, but no clarification if this is part of the HP deal.  GM also said it would open new software centers.

Another part of the deal is that GM will buy software from HP for its IT operations.  HP officials called it “…the largest deployment of our full software portfolio in the world!”-George Kadifa, executive VP of HP Software

Add that to HP’s new Envy X2 hybrid tablet (which some reviewers are raving about) and maybe HP will be on its way back up, and even challenge Apple.

What Economic Recovery? Sony to force 2,000 employees into early retirement!

19 October 2012, four years later and still losing money, electronics giant Sony says it’s forced to push 2,000 Japanese employees into early retirement.

This means those employees will have much less retirement money coming to them, with reduced or no benefits.  That means people not able to spend as much money as they planned, pushing the consumer driven economy further down.

The new announcement could be part of the already planned layoffs of 10,000 employees worldwide.  Even so, Sony admits the job cuts will have limited impact on revenue.  That’s because of all the people who’s incomes have dropped, or ceased all together (no thanks to the too Big to Fail Corporations/Banks), who can no longer buy the latest high tech electronic devices!

Sony is also closing a Japanese factory that makes lenses for digital cameras.

World War 3 & What Economic Recovery? USS Stennis joins up with USS Washington near Myanmar. On way to Iran, or preps for war with China? Employing new Advanced Precision Kill Weapons. An example of what’s wrong with the U.S. economy!

“As the Asia-Pacific region continues to grow in importance, we must ensure we are capable of operating in a complex environment in order to continue to promote peace, cooperation and stability here.”-Rear Admiral Chuck Gaouette, commander of the Stennis CSG

12 October 2012, two Carrier Strike Groups (CSG) led by USS Stennis and the USS Washington, conducted joint flight operations and anti-submarine drills in the Andaman Sea.

The Andaman Sea is just west of Myanmar.  The two CSGs employ more than 10,000 USN and USMC personnel.

Rear Admiral Gaouette mentions the importance of increasing the presence of the United States in the Asia Pacific area (aka forward presence operations), but no mention of the original plan to send the USS Stennis to the Persian Gulf.

At the beginning of 2012, Iranian military officials gave a dire warning: “…we are not in the habit of repeating a warning and we warn only once.”-Major General Ataollah Salehi, Iranian Army, 03 January 2012 threat against USS Stennis

Iranians claim the USS Stennis deliberately sailed through Iranian naval war games, and sailed danger close to Iranian oil platforms.

In July it was announced the USS Stennis would return to the Persian Gulf, four months ahead of schedule. The aircraft carrier left its home port in Bremerton, Washington, on 27 August 2012 for an eight month deployment.

So far, the two CSGs have spent a lot of time in and around the now hotly disputed South China Sea.  Most of the countries that border the South China Sea are currently in a war of words over who has rights to access natural resources, mainly petroleum.  Those countries include Korea, Japan and China.

In September it was revealed that the Stennis CSG is armed with a new Advanced Precision Kill Weapons System (APKWS). These weapons come from a Red Coat British empire company, BAE.

The APKWS is basically “…a standard unguided 2.75-inch (70 millimeter) rocket into a precision laser guided rocket to give warfighters a low cost surgical strike capability.”-BAE statement

Admiral Jonathan Greenert says the updated short range missile (now that it’s guided it’s a missile) system is needed to fight off smaller Iranian attack ships. Greenert wants all U.S. military vessels, deploying to the Persian Gulf, to be equipped with the BAE system.   Reports are confusing as it seems the Stennis CSG is not completely updated with APKWS.  Greenert said the cost to update a CSG is about $250 million (U.S. taxes going to make money for the Red Coats).

BAE is the result of a merger between British Aerospace and Marconi Electronics. It is the sixth largest military contractor for the United States. They just won a $97 million U.S. taxpayer dollar contract to “reset” Bradley armored personnel carriers  (more U.S. taxes going to make money for the Red Coats).

Speaking of U.S. taxpayer money being spent outside the U.S., according to officials with the city of Phuket, Thailand, U.S. military personnel spent up to $326,000 USD during their five day shore leave. And that’s just one out of dozens of port of calls made by the U.S. Navy and Marines around the world.

U.S. military personnel are paid with tax dollars, but while thousands of sailors and Marines are spending hundreds of thousands of U.S. taxes in foreign ports (for who knows what), their loved ones back home in the states are spending money to donate items to sailors and Marines!

According to he Wythe-Bland Navy for Moms project, for the end of year holiday season at least 4,800 care packages and cards will be sent to USN and USMC personnel (supposedly most people back in the states think these highly paid warriors are somehow deprived).

Someone should do a study to see how much is spent in the U.S. on care packages versus how much is spent by USN and USMC (as well as USAF & USA) personnel in other countries!

Don’t bitch at me! I’m former military, as is my father, uncle, grandfathers, great grandfathers, and my son (until he had a stroke, which the USA conveniently label “prior existing condition” so he doesn’t get VA help!).  What I can’t stand is inefficiency, waste and ignorance. Here we have prime examples of U.S. taxpayer money being spent on weapon systems made by foreigners, U.S. military personnel spending huge amounts of their taxpayer funded paychecks in the countries they visit rather than at home where the economy is going down the toilet, and their loved ones struggling to put together care packages ’cause they think that somehow their warriors are deprived!?

The city of Phuket, Thailand, also reported that 19 sailors (only 19 out of the thousands that make up a CSG?) volunteered to help build a drainage line for rainwater runoff at an orphanage.

What Economic Recovery? Hewlett Packard boss to reveal her secret plans!

“I believe in creative destruction.”-Meg Whitman, CEO Hewlett Packard

“It’s staggering, this is now the cheapest big stock in the last 25 years. That reflects an industry belief that the company is going to decline.”-A. M. Sacconaghi, Bernstein Research

According to a New York Times article, Meg Whitman will reveal her tactical plans for rejuvenating Hewlett Packard (HP) on Wednesday, 03 October 2012.

HP employes thousands of people in the United States (Boise, Idaho. Houston, Texas. Costa Rica), but those jobs have been disappearing, and under Whitman’s plans could be reduced even more. She wants to continue HP’s spread across the world, already HP has at least 60,000 employees in India alone!

Whitman says she hopes to get her changes completed within four years.  But one thing’s for sure, HP has got to stop buying up losing companies: Just last year HP spent $10 billion USD buying a company called Autonomy.

Here’s a good thing about Whitman, she hates bureaucracy.  The first thing she did at HP was to consolidate and trim the upper management.

On 03 October we’ll find out just how much more trimming she’ll do to the rest of the company.

 

 

What Economic Recovery? Hewlett Packard spending millions to save money in Idaho? Announces even more layoffs! Refuses to pay fair share in taxes! Hoping to save itself by making a deal with the devil: Israel!

“Just think of all the value that they have destroyed. It has been a case of just horrible management.”-Brian Marshall, ISI Group

23 September 2012, the past month has been a busy month of announcements from struggling computer maker, Hewlett Packard (HP).

At the end of August, HP reported a quarterly loss of $8.9 billion USD! (Dell computer maker also reported a big loss)  Then at the beginning of September, HP officials announced they will layoff 29,000 employees by 2014, that’s an increase of 2,000 from their layoff announcement in May of this year.

HP blamed the quarterly loss on down sales, and the cost of downsizing the company!

According to an Idaho Statesmen report, HP spent $50 million, over the past few years, downsizing its operations at the huge Boise HP campus.

The report also pointed out that HP is refusing to publish just how many people have lost their jobs at the Boise campus.  The Idaho Statesmen estimates it to be in the hundreds (at least 320).

HP also isn’t mentioning the fact that they’ve spent more than $40 billion on buying up worthless companies!

Just days ago a U.S. Senate investigation revealed that HP is one of thousands of unAmerican Corporations (including Microsoft) that are working hard to avoid paying taxes.

“The bottom line of our investigation is that some multinationals use our current tax system to engage in shams and gimmicks to avoid paying the taxes they owe.”-Carl Levin, Senator from Michigan

The Senate Permanent Subcommittee on Investigations discovered that HP avoided paying $4.5 billion in taxes, from 2009 to 2011, by using complicated offshore loan deals  (you see it’s not just Mitt Romney, everyone in unAmerican Corporate America does it).

Of course HP officials deny it: “I can assure the committee that HP takes seriously its obligations to accurately follow accounting principle and to pay taxes that it owes.”-Lester D. Ezrati, HP

HP also has operations in Israel, and today it was announced that HP is in the running for a huge military contract worth half a billion USD!  (IBM, Dell and Lockheed Martin have also bid)

The contract will be for a new huge Israeli Defense Forces (IDF) computer server farm based in the Negev desert.  It will be the main server farm for electronic logistics, communication and military intelligence operations being run by other newly built bases in the Negev.

2012 Pocatello Airport: Idaho National Guard A-10C Thunderbolt 2

Photos by AAron Hutchins.  Model kit builders take note of the mass of raised rivets all over the tank-killer.  Click pics to make bigger:

2012 POCATELLO AIRPORT: U.S. ARMY SHERPA

2012 Pocatello Airport: U.S. Army Sherpa

Click on pics (by AAron B. Hutchins) to make bigger:

IDAHO WILDFIRES, POCATELLO TANKER BASE: 13 SEPTEMBER 2012, SIKORSKY & USMC IN TOWN

KIT BASHING: SPECIAL OPS BOEING MH-47 CHINOOK, POCATELLO AIRPORT

Idaho Wildfires, Pocatello Tanker Base: 13 September 2012, Sikorsky & USMC in town

Click pics (by AAron B. Hutchins) to make bigger:

IDAHO WILDFIRE UPDATE, 12 SEPTEMBER 2012: ANOTHER SMOKEY DAY, MORE AIR TANKERS ARRIVE AT POCATELLO TANKER BASE. EVACUATIONS IN EFFECT!

Idaho Wildfire Update, 12 September 2012: Another smokey day, more air tankers arrive at Pocatello Tanker Base. Evacuations in effect!

12 September 2012

“Large fires Washington, Oregon, Montana and Idaho made significant acreage gains over the past 24 hours. In Washington, the Barker Canyon Complex burned more than 75,000 acres, and the Apache Pass fire burned 10,000. The Dutch fire in Montana grew by nearly 16,000 acres, and the Mustang fire in Idaho burned an additional 8,400 acres. About 14,500 firefighters and support personnel are currently assigned to large fires across the country.”-National Interagency Fire Center statement

There haven’t been any new fires reported in eastern Idaho, but there are still major fires burning throughout the state, and region.  More privately run air tankers have landed at Pocatello Tanker Base (Pocatello airport), including a second BAe-146-200; tanker 40 of Montana’s Neptune Aviation (leased from Tronos in Canada).

Click pics (by AAron B. Hutchins) to make bigger:

There are now nine large fires burning throughout Idaho.

Halstead Fire: More than 150,000 acres (60,702.8 hectares), evacuations in effect.

McGuire Complex Fire: More than 25,000 acres (10,117.14 hectares), evacuations are in effect.

Mustang Complex Fire: More than 289,000 acres (116,954.15 hectares), area closures are in effect.

Porcupine Complex Fire: More than 17,800 acres (7,203.4 hectares).

Powell SBW Complex Fire: More than 42,000 acres (16,996.79 hectares), area closures are in effect.

Sheep Fire: More than 21,600 acres (8,741.2 hectares), evacuations are in effect.

Skull Fire: New fire 35 miles northeast of Roundup.

Trinity Ridge Fire: More than 146,500 acres (59,286.44 hectares), area closures are in effect.

Wesley Fire: More than 3,800 acres (1,537.8 hectares), residences are threatened.

IDAHO WILDFIRE UPDATE, 11 SEPTEMBER 2012: MORE CANADIAN AIRCRAFT ARRIVE AT POCATELLO