Bank of America announced that it wants to sell half its stake in the lucrative China Construction Bank. Why? B of A needs cash now!
Bank of America hopes to get $8.3 billion from the sale. B of A will still hold 5% of China Construction Bank.
Global Economic War: After raising prices in U.S., GM lowers prices in China, losing out to VW
“The next 12 months look tough. Incentives brought forward buying in a very dramatic fashion in 2009, 2010, and now we are seeing a lack of pent-up demand.”-Ashvin Chotai, Intelligence Automotive Asia
General Motors can’t stand the heat of the competition in China, so they’re sacrificing profit margin by dropping their prices, on minivans.
“GM does […] Continue Reading…
What Economic Recovery? East Idaho Salvation Army declares “food crisis”, 20% of Idaho kids going hungry as Idaho politicians slash and burn social services
“We’ve had an increase in requests for that type of service, and so our food supply is dwindling rapidly.”-Brenda Ames, Pocatello Salvation Army
A recent survey by Feeding America revealed that the economic situation in Idaho is much worse than elected leaders claim. At least 20% of Idaho kids do not know where their next […] Continue Reading…
Typhoon Talas on track to blast Japan
Talas has been a slow but steady tropical storm, building strength as it heads towards the center of Honshu. It’s expected to become a full blown Typhoon on August 30.
The projected path of Talas brings it onshore, on September 1, in south central Honshu, west of Tokyo. Then it almost splits the island as […] Continue Reading…
Tropical Storm Talas heading for nuclear damaged Japan, will become a Typhoon before landfall
Tropical storm Talas, directly south of Japan, is heading right for the center of the nuclear damaged island nation.
It’s predicted that by 29 August 2011 Talas will be a category 1 typhoon. Japan is still recovering from the 11 March 2011 quake and tsunami. Also, the damaged nuclear plant Fukushima Daiichi could get hit.
Supertyphoon Nanmadol slams Philippines, heading for Taiwan
Supertyphoon Nanmadol, wavering between category 4 and 5, slammed Philippines, killing several people.
It’s known that five children were killed when the supertyphoon caused a landslide. Nanmadol is about 370 miles in diameter. It’s now heading towards Taiwan.
Nuclear Power Plants in the path of Hurricane Irene
The Virginia earthquake shutdown at least one nuclear power plant, but Hurricane Irene could hit dozens more.
The U.S. Nuclear Regulatory Commission (NRC) has sent personnel to the Brunswick nuclear plant, on the North Carolina coastline where Irene is expected to make landfall.
NRC regulations call for nuclear reactors to be completely shut […] Continue Reading…
United Police States of America: Adelanto, California, makes deal with private prison devil GEO, former prison guards still unemployed, prison to be replaced by immigrant detention center
More than one year ago, the city of Adelanto, California, sold their prison to GEO Group. The Adelanto Community Correctional Facility was being used to house state prisoners.
City officials say they got a promise from GEO that the former city prison guards would be hired. City officials also thought the prison would be reopened […] Continue Reading…
United Police States of America: FBI investigates Florida prison deal involving GEO and the Republican Party
August 24, the Federal Bureau of Investigation seized a Santa Rosa County commissioner’s computer. It’s in connection with an investigation involving former Florida House Speaker Ray Sansom, and GEO Group.
Sansom is being investigated for improper use of the Republican Party of Florida credit card, in which thousands of dollars in charges where made, that […] Continue Reading…
United Police States of America: GEO run prison in Oklahoma site of violent prison riot
August 22, a massive riot broke out in the Lawton, Oklahoma prison. The prison is run by GEO Group. GEO officials will not release any info on the riot.
However, Lawton Police Chief Ronnie Smith, told local media that there was a violent riot, which required several prisoners to be taken to local hospitals.
At least […] Continue Reading…