“If sanctions are adopted against Iranian oil, not a drop of oil will pass through the Strait of Hormuz. We take no interest in animosity and hostility, our belief is friendship and brotherhood, but the West will not end its scheming….The enemies will only drop their plots when we put them back in their […] Continue Reading…
Several days ago there were reports that banks around the world were preparing for the demise of the Euro. Banks are getting ready to go back to older European currencies.
On December 28 the British government discussed contingency plans for such a Euro collapse. Her Majesty’s Treasury (that’s the official title, and proof the Queen […] Continue Reading…
“While our past practice has been to keep marginally performing stores open while we worked to improve their performance, we no longer believe that to be the appropriate action in this environment.”-Lou D’Ambrosio, CEO of Sears Holdings
Sears Holdings, which owns Sears and Kmart stores, said this year’s holiday sales sucked big time! They’re claiming […] Continue Reading…
According to the British Centre for Economics and Business Research, Brazil’s GDP will end 2011 at U.S.$2.4 trillion! That makes Brazil the sixth largest economy in the world.
The United States is still number one (of course most of that money goes to the top 10% in the U.S., no trickle down here), followed by […] Continue Reading…
A Texas family that had lost their home to foreclosure, were shot and killed by Santa Claus on Christmas morning.
The distraught father dressed as Santa and decided to end it all after the family opened their presents. The Wall Street Journal called it the single largest mass shooting in the history of Grapevine, Texas […] Continue Reading…
No thanks to the closing of a beef processing plant in Nampa, Idaho’s beef production is down 80% from the year prior! That’s according to the USDA’s National Agricultural Statistics Service.
According to the State stats, and contrary to the stereotype, potatoes are not the number one agriculture product of Idaho! Dairy products are number […] Continue Reading…
A report by the U.S. Bureau of Labor Statistics shows that while part time employment is going up, it’s being offset by a drop in full time employment!
The top five states for increased part time work are Montana, Oregon, Maine, Vermont and Idaho. Montana leads the country with a 39% increase in part time […] Continue Reading…
Pocatello, Idaho’s, polysilcon factory, run by Hoku Materials (which is a subsidary of Chinese owned Hoku Corporation), officially and quietly started operations on December 1st. That’s according to Chinese media citing Tianwei New Energy Holdings Company Limited, the Chinese company that controls 60% of Hoku Corporation.
Interestingly no mention of the start of operations has […] Continue Reading…
“I was supposed to relax on holidays, but this feels more stressful than working at the office.”-Zhao Xiaojuan, works for investment company
Since U.S. companies have been moving into China, they’ve brought U.S. style holidays with them, and the Chinese are regretting it.
Many company managers spend their holidays, and their money, entertaining foreign (U.S.?) business […] Continue Reading…
“Inflation may be a long term problem in the country because food prices may surge again and the price of manufacturing resources is likely to grow fast in the coming year.”-Zhang Shuguang, Unirule Institute of Economics
In one of the few countries where the economy is good, people are being told to prepare for the […] Continue Reading…