“Manufacturers are struggling with multiple difficulties including increased lending costs and fewer international orders.”-Zhang Shiqing, Nankai University
Chinese economics professors are warning that the Chinese economy will stall. China has become a major exporter of products to the world, but most of the world is in financial trouble. That is resulting in less orders […] Continue Reading…
Coca Cola will raise prices at least 3 to 5% in July. They raised prices 2% earlier this year.
They blame the rising costs of resources, due to speculators playing the commodities markets. They also blame the cost of transportation due to high fuel prices.
In China, Coca Cola bottlers will use smaller bottles. Hangzhou bottler […] Continue Reading…
“People aren’t feeling as comfortable getting a mortgage because they don’t know for sure what the future of their employment is going to be.”-Debra Hemmert, Southeastern Idaho Community Action Agency
In the Pocatello area, Hemmert says the amount of people asking for help with housing has doubled this year.
Sheryl Bailey, with the Eastern […] Continue Reading…
The cooler, wet spring might finally be over, but it left behind a threat to Idaho’s wheat crop.
The fungus is called ‘stripe rust’, and is spreading so fast that farmers are crop dusting like crazy with fungicides. “If you wait until you have it, it’s almost too late. It will choke off the […] Continue Reading…
A judge is blocking parts of Montana’s medical marijuana use law, not because of the marijuana, but because of too many restrictions.
The Montana marijuana law bans commercial for profit sales of marijuana. Under the law marijuana is to be sold as a not for profit product, among many other restrictions.
Judge James Reynolds argued that […] Continue Reading…
The Chinese government announced that they must revise their income tax laws, to account for the huge increase in poor people. Their experiment with capitalism only created more poor people while a minority of people got rich.
Beginning in September the minimum income level for exemption from paying income tax will be raised, to the […] Continue Reading…
Brown University’s Watson Institute for International Studies “Costs of War” study says the wars in Iraq and Afghanistan could hit $4.4 trillion and could last until 2020.
And for those that think war is good for the economy, the study said war spending makes up only a half a percent, per year of total GDP […] Continue Reading…
Former First Lady of Argentina, Evita Peron, died in 1952. The Dutch Royal family gave Evita the jewels as a gift. They’re worth about $9 million.
In 2009 her ‘crown jewels’ were sent to a Spanish jeweler, but were stolen by a Serbian base criminal organization.
Spanish and Italian police found the jewels in a Milan […] Continue Reading…
“The measures that have been adopted are not to avoid the default, the default already took place, but it was not declared.”-Paolo Raffone, Secretary General of CIPI Foundation
Greece has cut even more social services and programs, and has jacked up taxes, in an effort to get more bailout loans approved. The problem is […] Continue Reading…
“This is the first counter-terrorism strategy that designates the homeland as a primary area of emphasis in our counter-terrorism efforts.”-John Brennan, White House counter terrorism adviser
The Obama administration announced its new anti-terror policy. Some confusing statements were made by Brennan, such as saying that the new policy will principally focus on […] Continue Reading…