What Economic Recovery? Japan’s biggest paper maker closing down, Hitachi & Mitsubishi merging

Japan’s biggest paper maker, Nippon Paper Group, will lay off at least 1,300 workers and close at least five factories.

Part of the blame is on the March 11 earthquake and tsunami, which damaged three factories.  Company officials say it’s not worth it to rebuild the damaged factories.

In fact business is so bad that Nippon […] Continue Reading…

What Economic Recovery? Debt Limit deal screws college students, what happened to Obama’s promise?

Some government loans for college graduate students covered, or forgave, the interest payments while the student was still in school.  Not anymore: “They will be responsible for the interest while they’re going to school, beginning in the 2012/2013 academic year.”- James Martin, Idaho State University Associate Director of Financial Aid

You can […] Continue Reading…

It’s official: Idaho’s internet services suck!

After decades spending millions of dollars to get Idahoan’s connected to the World Wide Web, Idaho has the slowest connection speed in the U.S.

Pando Networks surveyed 4 million internet customers across the country, and found Idaho’s average connection speed to be 318 kilobytes per second, with 83% completion rate.

Idaho’s northern neighbor, Montana, and eastern […] Continue Reading…

What Economic Recovery? China bans local businesses from getting loans from foreign banks

In a move that’s officially meant to tighten money supply, to counter rising inflation, China has banned all domestic businesses from taking loans from foreign banks.

The specific type of loan is called RMB (RenMinBi, a type of international currency). The People’s Bank of China, told all other banks that it would stop accepting […] Continue Reading…

Government Incompetence: Japanese leaders admit their current nuclear agencies suck!

The Japanese government announced they will create a new nuclear agency, to better respond to future nuclear disasters.  This after it’s painfully obvious that the current plethora of government agencies, tasked with dealing with the Fukushima Daiichi disaster, have failed.

The latest plan to revamp nuclear regulators involves creating an agency who’s sole job is […] Continue Reading…

What Economic Recovery? Japanese on welfare at record numbers, the last Japanese TV factory to shut down, Japan is the second largest foreign holder of U.S. debt

The number of households getting welfare in Japan hit a record number of 1.46 million.  That’s households, not individuals.

The Japanese Welfare Ministry say it’s a rising trend, no thanks to the never ending nuclear disaster.

To make matters worse, Japan’s only domestic television maker, Hitachi, announced they will close up shop and move their factory […] Continue Reading…

Government Incompetence: More proof radiation spreading across Japan, rice feed for cows 440 miles away contaminated!

Yet another prefectural government announced they will begin radiation checks of their cows, after they discovered their cattle feed is contaminated with cesium.

That prefecture is Shimane, and it’s 708 kilometers (440 miles) south west of the damaged Fukushima Daiichi nuclear plant!

Shimane officials say they will begin blanket tests of their cattle starting next week.

Tests […] Continue Reading…

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