06 December 2012, possibly because of the bad economy in Israel, but investigators now believe that Israeli Defense Force (IDF) personnel are involved in the theft of engines for F-15 and F-16 aircraft. The engines might have been sold to scrap metal dealers.
The theft of engines took place at Tel Nof air base, near […] Continue Reading…
05 December 2012, Fitch Ratings has dropped Sears Holdings to negative CCC. Fitch believes it is unlikely Sears/Kmart will recover, and even expects negative earnings in 2013. As other analysts have pointed out, Sears’ assets are still worth more than any expected revenues (one analyst said Sears was worth more dead than alive).
Executives of […] Continue Reading…
05 December 2012, for awhile now U.S. President Barack Obama has been touting his desire that U.S. corporations start investing into research right here in the United States. Yet, U.S. companies continue to spend that money outside the U.S.
The latest is Qualcomm, who announced they will spend up to $120 million USD, by March […] Continue Reading…
05 December 2012, Japan and India have signed a currency exchange deal that could prop up the U.S. dollar.
Banking officials from the two Asian countries have been working on the plan for about a year. It involves the central banks of Japan and India exchanging up to $15 billion USD per year for the […] Continue Reading…
05 December 2012, European Union finance ministers shelved any plans to create a single centralized bank for the EU.
Last month things looked good for a central bank of Europe when 6,000 banks were put under EU “supervision”. It was hoped an official EU central bank would be in place for 2013.
Some of the reasons […] Continue Reading…
05 December 2012, an Asian man was pushed to his death by an attacker in a New York City subway. Such violent crime might not seem too surprising in the Big Apple, but what is is the fact that no one in the subway tried to help the man to safety, they just stood […] Continue Reading…
“Significant increases in flu activity in the U.S. in the last two weeks indicate that an early flu season is underway.”-U.S. Centers for Disease Control and Prevention
04 December 2012, the Idaho Department of Health and Welfare reporting that three women have died from flu, or flu like symptoms. They’re the first deaths reported, and […] Continue Reading…
04 December 2012, eleven companies operating in Illinois will lay off at least 1,934 people in the next few months.
U.S. Cellular Corp cutting 492 jobs in Bolingbrook. (last month the company said as many as 640 jobs would be eliminated in the Chicago area)
Willow Lake Mine in Equality is cutting 408 employees. The mine […] Continue Reading…
04 December 2012, the latest Illinois Worker Adjustment and Retraining Notification Act (WARN) report shows another Kmart is being closed in Illinois.
Here’s the latest list:
Arizona: Scottsdale Sears/Great Indoors, Chandler Sears/Great Indoors.
Alabama: Gadsden Kmart (50 jobs lost), Mobile Sears (at least 40 jobs lost), Auburn Kmart (at least 40 jobs lost).
California: El Monte Sears […] Continue Reading…
“Americans were warned that if they violate our borders we would take action to protect our sovereignty.”-Ali Akbar Salehi, Iran’s Foreign Minister, rough translation from Iranian news source
04 December 2012, Salehi said Iran formally protested to the United States, and reminded the Obama administration that they will defend their country “by any means”.
Salehi said it is […] Continue Reading…