“Things that were unthinkable are now becoming thinkable.”-James W. Hughes, School of Planning and Public Policy at Rutgers University
If you want proof that the housing market still hasn’t hit bottom, just look at what Bank of America is doing, they’re bulldozing all those homes they foreclosed on. Why? “There is way too much supply, […] Continue Reading…
Now that it’s become clear that most of Japan’s upcoming rice harvests are most likely to be contaminated with cesium, Japanese are holding onto last years rice like it was gold.
Japanese retailers are reporting that bags of last year’s rice are flying off the shelves, because consumers don’t think there will be any rice […] Continue Reading…
Inflation is hitting other countries harder than the United States (so far). In Japan inflation has caused the price of butter to go up so high, that the government announced they will flood the butter markets with more butter.
But that butter isn’t coming from Japan. Butter production collapsed after the March 11 disasters, so […] Continue Reading…
Believe it or not the electronics giant Sony has been losing money big time on TV sales. Prior to the March 11th disasters Sony lost about $95 million from TV sales.
Hitachi recently announced they would shut down their last Japanese TV factory by March 2012. They claim they’re losing to competition from South Korea.
Sony […] Continue Reading…
Recently it was announced that the U.S. Senate made a deal that would put thousands of FAA employees, and contractors, back to work. This after it was revealed that the government was losing hundreds of million in tax revenues from the FAA shutdown. Those loses far outweighed the savings from not having to pay […] Continue Reading…
The mortgage lender Fannie Mae reported a huge 2nd quarter loss of $5.2 billion. Now they want another $5.1 billion from taxpayers.
Let me remind you that Fannie Mae asked for $8.5 billion back in May! So far the mortgage lender has gotten about $99 billion in bailout money from the U.S. government (taxpayers).
Fannie Mae […] Continue Reading…
“It made me feel upset and made me feel somewhat helpless.”-Aaron Nieman, husband of TSA victim
A pregnant woman flying from Denver to Phoenix, was deprived of her insulin by TSA officials. They claimed the insulin could be used to make a bomb!
The woman even had a note from her doctor explaining her situation, the […] Continue Reading…
Most people know that China is the largest foreign holder of U.S. debt. Japan is the second biggest, and the United Kingdom (Britain) is the third.
According to the most recent information, China holds a little more than $1 trillion in U.S. government debt (bonds), Japan holds $912 billion and the U.K. holds $346 billion. […] Continue Reading…
Standard & Poor’s downgraded the U.S. from a triple A credit rating to double A plus. They cited three main reasons.
Reason one is that the GDP to debt ratio is too high for triple A. They estimate the U.S. has a 74-79% debt to GDP ratio. Some European countries have higher debt ratios, but […] Continue Reading…
“This statement means that the planning of the military campaign is well underway. It could be a logical conclusion of those military and propaganda operations, which have been carried out by certain Western countries against North Africa.”-Dmitry Rogozin, Russian envoy to NATO
The “statement” refers to the recent UN Security Council’s […] Continue Reading…