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…
Many workers who were at the Fukushima Daiichi nuclear plant the day of the 11 March 2011 quake and tsunami, say reactor 1 was already in trouble and possibly melting down, immediately after the 9.0 quake.
“There’s certainly a great deal of evidence that appears to suggest that the first reactor, reactor number one, was […] Continue Reading…
August 16, protestors shut down four of San Fransisco’s BART stations, according to media in the United Kingdom. Yet the San Fransisco Chronicle says no such shutdown took place!
August 17, the San Fransisco Chronicle published an article titled “No BART protests”. The article claims that BART service was not interrupted by any protestors: “Tuesday’s […] Continue Reading…
So much for saving the environment by recycling plastic bottles. One city, Wen’an, serves as the plastic recycling center for Beijing. The problem is that the process of recycling plastic was actually destroying the local environment.
The recycling is done by very small businesses, or even families, and their processes of recycling plastics has destroyed […] Continue Reading…
Psychologist Dan Ariely designed a test, a test to see how much the average Joe in the United States knows about their own country’s income equality, or lack of.
Not surprisingly, to me anyway, the overwhelming majority (in the 90% range) of U.S. citizens still think the U.S. is equal when it comes to income […] Continue Reading…
August 16, France and Germany decided against creating and selling Euro Bonds, and came up with another way to help raise money for EU governments; a stock market transaction tax.
French President Nicolas Sarkozy said Euro Bonds would come later, when the economic situation was more stable. Instead he, and German Chancellor Angela Merkel, are […] Continue Reading…
“We are in complete agreement in the Dutch cabinet that imposing automatic sanctions as much as possible against countries who do not stick to the rules is the only way to ensure the euro’s long-term success.”-Mark Rutte, Prime Minister of Netherlands
Officials in Netherlands, an economically stable member of the European Union, […] Continue Reading…