WalMart is in trouble in China, because it hasn’t paid rent since 2002, and it lies about what it sells.
According to Chinese media, in 2002 WalMart signed a 15 year lease contract with the Wanguo Shopping Plaza in the northeastern coastal city of Dalian. Problems occurred with the timely development of the property, and […] Continue Reading…
November 3, Israel’s Defense Ministry said they had test fired a ballistic missile. Observers say the latest test-firing is a warning against Iran’s nuclear program.
Israeli Prime Minister Benjamin Netanyahu warned of a “direct and heavy threat” posed by Iran’s nuclear program.
The testing of the ballistic missile was not announced in advance. Some Israeli media […] Continue Reading…
No surprise, the U.S. Federal Reserve Bank revised its economic growth forecast downward.
Back in June the bank predicted U.S. growth at 2.9% (which is still bad, it needs to be above 3% to be good). Now they revised it downward by one percent, to 1.9%. Can you say stagnation?
Federal Reserve Chairman Ben Bernanke said […] Continue Reading…
On November 3, Sony announced that its television division is likely to post a record loss of about U.S.$2.2 billion for 2011. That makes eight straight years of losses!
Sony is blaming poor sales in the United States and Europe. This is more proof that the U.S. is no longer the market place for the […] Continue Reading…
The Japan Nuclear Energy Safety Organization admitted it allowed nuclear fuel rods to pass quality checks using a faulty factory manual.
Government inspectors used the manufacture’s manual to inspect four sets of fuel rods. They approved three of the sets. The problem is that the approved sets did not match up with the length stated […] Continue Reading…
On 02 November 2011, Tokyo Electric Power Company said Reactor 2 at Fukushima Daiichi nuclear plant was in melt down, again. Now they changed their mind!
TEPCo now says the level of xenon radiation they detected is too low to be from spontaneous fission. Can these guys get anything right?
In a classic example of too little too late, Japan will now spend big money to study the effects of the 1986 Chernobyl nuclear accident!
Japan will expand its Ukrainian embassy staff to include two nuclear specialists and three translators. The staff will also be equipped with gear for dealing with radiation. They will interview […] Continue Reading…
02 November 2011, Tokyo Electric Power Company announced that melt down has re-started in Fukushima Daiichi Reactor 2.
TEPCo detected radioactive xenon-133 and xenon-135, in the reactor’s containment vessel on 02 November. They are produced during nuclear fission. TEPCo poured a boric acid solution into Reactor 2 to suppress the nuclear fission (melt down).
Analysts are […] Continue Reading…
In an effort to avoid the outrageously high tariffs that many European Union members have put on Chinese products, Chinese President Hu Jintao is in Austria hoping to make new trade deals.
Xinhua News said “The two countries should also expand their mutually beneficial economic and trade relations and make concerted efforts to […] Continue Reading…
November 1, Israeli Prime Minister Benjamin Netanyahu ordered speeding up construction of 2,000 illegal housing units in East Jerusalem (al Quds), Ma’aleh Adumim, and Gush Etaion.
This is a response to the United Nations making Palestine the 195th member of the UN. Other retaliations planned by the Israelis include; curbing VIP status of senior Palestinian […] Continue Reading…