French oil company Total, could lose $2.5 million USD per day due to its North Sea oil rig leak.
The Elgin ocean rig, near Scotland, began leaking natural gas eight days ago. It’s coming from a well that workers were trying to cap. The situation in the North Sea now, is similar to the 2010 […] Continue Reading…
On April 2, 2012, the new president of the new Japan Bank for International Cooperation, Hiroshi Okuda, revealed just how bad the current economic situation is.
Okuda, a former president of Toyota, said Japan faces a critical historic situation, on the level of two previous historic moments; the 19th century Meiji Restoration and the end of […] Continue Reading…
April 2, 2012, the European Union reported that unemployment is still high. It’s the 8th straight month of increasing unemployment for the EU.
Portugal’s unemployment is now at 15%, with Italy at 9.3%.
Spain is hardest hit, with 23.6% officially unemployed. Young workers under 25 years of age are suffering the most. Spain’s youth unemployment rate […] Continue Reading…
The Japanese government has set new cesium contamination limits for food, but even with the new limits hundreds of inspections have revealed highly contaminated food products.
The new limits on non-dairy food products will be allowed to contain up to 100 becquerels of cesium per kilogram, baby food and milk will be permitted to contain […] Continue Reading…
After several suicides in 2010, at Foxconn factories that made iPads and iPhones, Apple hired the Fair Labor Association (FLA) to investigate.
FLA discovered at least 50 cases where workers were not paid! They also discovered many cases of employees being forced to work excessive overtime hours, in violation of Chinese labor laws!
March 30, 2012, International Security Assistance Force (ISAF) officials reported two more U.S./NATO/ISAF troops killed in southern Afghanistan. Once again they refused to give details. This follows two days of similar ISAF reports.
ISAF officials explained that they defer the explanation of troop details to the “…relevant national authorities.”