“Fiat is intensively examining St. Petersburg along with Nizhniy Novgorod. No decision has been made yet. Most likely the Italian automaker will select a green field site. We expect that they will make a decision on the site in the fall.” -Dmitry Levchenkov, Russia’s Economic Development Ministry
Fiat, the owner of Chrysler, […] Continue Reading…
“We’re working to find ways to recognize and honor first responders, and other groups, at different places and times.”-statement from New York City Mayor’s office
About 3,000 first responders have been told there’s no room at the inn for them. Apparently the organizers of the September 11, 2001 anniversary ceremony, forgot to invite the people […] Continue Reading…
In the name of providing more funds for weapons systems and combat operations, the Defense Department has decided it’s time to end their traditional retirement plan, and force military personnel into risky 401k plans.
The plan is described in the publication “Modernizing the Military Retirement System”.
Government officials say that current military missions can not be […] Continue Reading…
“The U.S. economy needs to grow 2.5% to 3% per year to add jobs fast enough to keep the unemployment rate stable. This will not happen soon.”-Mark Zandi, Moody’s Analytics
Moody’s Analytics downgraded projected GDP for the Untied States. One month ago they projected GDP to be at a yearly average of 3.5%, for […] Continue Reading…
It’s called Ground Force One, a $1.1 million dollar bus made in Canada, and used by the Obama administration.
There’s also a Ground Force Two, because your government bought two of these behemoth buses. And your taxes paid for them!
Ground Force Two is actually being called Stagecoach. But don’t blame Obama, the second bus will […] Continue Reading…
“We criticize this scandalous show at a time of such a terribly distressing economic situation, with entire families unemployed.”-Evaristo Villar, Christian Networks
The Pope is visiting Spain, and the taxpayers are paying for it, to tune of U.S.$70 million to $150 million. This comes at a time when 20% of Spaniards are unemployed.
One […] Continue Reading…
A record amount of Chinese government bonds have been issued in Hong Kong. And investors are buying them up.
Several types of yuan based bonds, which mature between 2 and 10 years, were sold, totaling U.S.$3.1 billion, a record.
This was the third Chinese yuan bond issue in Hong Kong.
Demand was so high for this latest […] Continue Reading…
In a case of hear no evil, see no evil and speak no evil, a Japanese government investigation into the corporate mind of Tokyo Electric Power Company revealed that officials just couldn’t believe the worse case scenario could happen at Fukushima Daiichi.
TEPCo officials admitted that they discussed the possibility of explosions inside the reactor […] Continue Reading…
The U.S. Social Security Administration has been listing as many as 14,000 people, who are alive, as being dead and cutting off payments.
Between 2007 and 2010, 36,657 living people were declared dead. I wonder if that’s had any affect on consumer spending?
Living people who’re declared dead by the Social Security Administration not only lose […] Continue Reading…
“We need to really be concerned about the growing number of children in poverty. Our poverty rates are growing faster than the rest of the nation and that has long-term consequences.”-Lauren Necochea, Idaho Kids Count
The latest Kids Count survey found Idaho leading the country in poverty rates for children. The national average […] Continue Reading…