First Tokyo Electric Power Company said there were no melt downs, as they struggled to cool the Fukushima Daiichi reactors with salty sea water. Then TEPCo admitted there were melt downs in reactors 1 and 3, but said they were contained by the water at the bottom of the containment vessels. Now an independent […] Continue Reading…
“In my opinion, at this moment, the best strategy is no buy, no sell. At this moment, it’s very difficult to shift (investment), to change fundamentally, because we hold such a big amount.”-Cheng Siwei, former senior Chinese lawmaker
Cheng Siwei, is advising the Chinese government to take a “no buy, no sell” attitude towards U.S. […] Continue Reading…
In the latest Gallup Poll, Idaho takes number one position, in the disapproval of President Obama.
Only 27% of Idahoans approve of what Obama is doing. Idaho beat out Wyoming, Utah, Oklahoma, West Virginia and Arkansas. Those states tied for the number two and three spots.
And, as no surprise, residents of Washington DC show the […] Continue Reading…
BBC is reporting that the city of Birmingham, England, has been hit by looting and violence.
According to the BBC: Cars were set on fire in Lewisham. A bus and shop were set alight in Peckham. Several fires broke out in Croydon, including one at a large furniture shop which spread to neighboring buildings […] Continue Reading…
“Officers responding to sporadic disorder in a number of boroughs made more than 100 arrests throughout last night and early this morning.” Scotland Yard statement, August 8
The violence that started in Tottenham has spread to Enfield and Brixton. The riots started on Friday August 5, after police shot and killed a man […] Continue Reading…
On Saturday, August 6, a CH-47 Chinook helicopter was shot down in Wardak Province, Afghanistan, killing all on board, including members of the elite SEAL team. Now the Taliban claim they’ve shot down a 2nd Chinook.
Monday, August 8, a Chinook with 33 personnel onboard was shot down near Zarmat city, in Paktia Province in […] Continue Reading…
When the credit crisis hit in 2007/2008 the biggest mortgage lenders in the U.S., Fannie Mae and Freddie Mac, suddenly became too big to fail and were taken over by the U.S. government. The move had U.S. taxpayers providing the mortgage giants with almost consistent quarterly bailouts.
Now Standard & Poor’s has downgraded their credit […] Continue Reading…
The European Central Bank, and the Group of 7 top industrialized countries, decided to deal with the credit rating downgrade of the United States by flooding international markets with liquidity.
Liquidity=cash and bank deposits.
One of the problems with this recession is that banks, and other financial institutions as well as big corporations, have been money […] Continue Reading…
Several private economic research firms, in Japan, are predicting GDP for Japan will go south for the 3rd quarter.
As many as ten research firms say Japan’s GDP could contract by as much 4.7% for the next economic quarter. They blame the decline on a huge reduction in consumer spending, both in Japan, and in […] Continue Reading…
Once upon a time, very recently, candidate for U.S. president Mitt Romney got three donations from three companies that were created solely to give Mitt Romney money.
The main stream media is focusing on a now defunct company named W Spann LLC. The property owner, where the company was supposedly located in New York, says […] Continue Reading…