30 October 2012, Swiss banking giant, UBS, announced a major change in its plans to cut employees; they now want to layoff 10,000 workers worldwide!
Last year UBS announced they would layoff 3,000 employees, but because the too big to fail bank has been losing money from its investment operations, they’ve now upped it to […] Continue Reading…
30 October 2012, since my last posting (on 21 October 2012) about the ongoing Sears Holdings shut downs, there have been more store closings announced.
Also, Sears Holdings just announced they will be closing two parts and repair centers, both located in The Woodlands, Texas. At least 117 Texans will lose their jobs by 23 January […] Continue Reading…
“The Islamic Revolution Guards Corps [IRGC] Navy is fully monitoring the Strait of Hormuz and the Persian Gulf and has a close watch on all movements.”-Brigadier General Reza Torabi, Commander of the IRGC’s First Naval Zone
27 October 2012, U.S. Navy (USN) Rear Admiral Charles “Chuck” M. Gaouette has been replaced. He was the commander […] Continue Reading…
25 October 2012
In Faryab Province, a major battle broke out. Afghan government officials claim they killed 25 Mujahideen, and five Afghan National Police troops were killed.
In Farah Province, one Italian soldier was killed, three wounded, after someone open fired on them. No one knows who did it.
In Uruzgan Province, two U.S. personnel were killed […] Continue Reading…
25 October 2012, more proof that there is no economic recovery is that for three months in a row the number of people in Japan, who qualify for welfare help, set records three months in a row.
Altogether, for the months of May, June and July the number of individuals qualifying for welfare totaled 2.12 […] Continue Reading…
“If you continue to add to the sanctions we will cut our oil exports to the world…..The dearth of Iranian oil on the market will increase the price drastically.”-Rostam Qasemi, Iran’s Minister of Petroleum
On 23 October 2012, Iranian officials quietly announced that Iran is prepared to stop all its oil sales to the world, […] Continue Reading…
24 October 2012, so much for the increased U.S. investment U.S. President Barack Obama was calling for. According to the United Nations Conference on Trade and Development (UNCTAD), foreign direct investing (FDI) into the U.S. has fallen 39.2% in the first six months of 2012!
The huge drop in FDI for the U.S. represents a […] Continue Reading…
24 October 2012, Syrian President, Bashar al-Assad, has pardoned 290 non-violent prisoners, like those who committed crimes such as theft, forgery and military desertion.
This is not the first time prisoners have been pardoned. Since the start of the Syrian Civil War, about one thousand non-violent prisoners have been set free.
Those prisoners not being let […] Continue Reading…
“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 […] Continue Reading…
24 October 2012, oil rich Sudan says four Israeli warplanes bombed a factory in their capitol city of Khartoum.
So far no comment from Israel.
The attack took place late Tuesday night setting the factory on fire, the fire is just now under control. The Yarmouk Military Industrial Complex makes ammo and weapons for the Sudanese […] Continue Reading…