The U.S. Treasury Department is asking other countries to stop buying Iranian oil, as part of increasing sanctions against Iran.
Here’s the problem: Iran has already adjusted its oil business so that sanctions don’t have any affect. They don’t take the U.S. dollar anymore (the real reason U.S. officials want to attack Iran), and they […] Continue Reading…
The Prefectural government of Fukushima (where the spewing Fukushima Daiichi GE designed disaster reactors are) is asking the Japanese government for logistical help.
Fukushima officials said they want to test one third of their rice farms/crops for radiation contamination, after several rice crops came up highly radioactive. Here’s the logistical problem: One third of Fukushima […] Continue Reading…
On 02 December 2011, Tokyo Electric Power Company officials admitted that lack of communication resulted in Fukushima Daiichi’s Reactor 1 melting down and exploding, on 12 March 2011.
Former plant manager, Yoshida Masao (who recently resigned due to health problems, which might be caused by exposure to radiation, which TEPCo denies) said he, and other […] Continue Reading…
“It would scare the citizens to death and it would make the government look bad. The government wants to look as good as it can.”-Monte Munn, economics professor at Idaho’s Treasure Valley Community College
Munn is talking about the underemployment numbers, revealed in quarterly U-6 reports: “U-6 is a lot more accurate. U-3 greatly […] Continue Reading…
“We should announce our decision in the next two weeks. This is not an easy decision, because we have a team of 600 people which is in limbo.”-Meg Whitman, CEO Hewlett Packard
French media interviewed Hewlett Packard’s latest CEO, Meg Whitman. She says what they decide to do with their WebOS system will affect at […] Continue Reading…
“Major strategic reversals” is one reason why Standard & Poor’s just downgraded Hewlett Packard’s credit rating.
S&P’s also blamed HP’s inconsistent behavior: “We have concerns that HP’s inconsistent growth strategies and high levels of board of director and senior management turnover have elevated the level of operational and execution risk in the near […] Continue Reading…
At a recent Obama rally in Scranton, Pennsylvania, a blind faith Obama supporter asked the President about stopping postal processing center closings, because the closings would have drastic affects on local economies.
The response: “Let me look into it.”-Barack Obama, President of the United States
This is not a case of Obama not knowing the issue, […] Continue Reading…
“…the markets are basically run by algorithmic trading these days… Nobody’s making investments in the stock market thinking they’re getting a long term investment in the company that they’re buying a stock for. So all we’re looking at is trading on news.”-Catherine Mann, Brandeis University International Business School, and former member […] Continue Reading…
The governor of Fukushima Prefecture, Yuhei Sato, ordered all nuclear reactors in the prefecture, to be shut and scrapped. There are ten nuclear reactors in Fukushima Prefecture.
The residents of Fukushima know that it will have a huge negative impact on their local economy, but they say it’s better than trying to live with an […] Continue Reading…
Tokyo Electric Power Company has been forced to admit that serous melt downs took place in reactors 1, 2 and 3, of the Fukushima Daiichi nuclear plant.
Independent researchers confirmed that melt downs did occur, and were severe enough to melt through the reactor cores into the bottom of the containment vessels. Some melted fuel […] Continue Reading…