“People think jobs create wealth, they don’t, they don’t. It is being done by capital instruments [loans].”-Rodney Shakespeare, Trisakti University
A British economist with Trisakti University, in London, U.K., says ‘wealth’ is now actually created by big banks, and the big banks totally control the U.S.
The ‘wealth’ is created by the interest and fees the […] Continue Reading…
According to the Idaho Department of Labor, corporate executives based in Idaho, used unemployment benefits to float their companies (because of the bad economy).
The executives, who own their companies, would apply for unemployment benefits claiming they had lost their executive position. They would then use the money to float the company that they held […] Continue Reading…
“We still have quite a few cherries (in this year’s crop), but it’s down from what I normally see. Maybe two-thirds of what we had last year.”-Paul Pinard, cherry farmer Emmett, Idaho
Because of a lack of global warming in the Pacific Northwest of the United States, there are going to be […] Continue Reading…
The Idaho State Police released the 2010 crime stats, and surprisingly the number of most types of crimes, statewide, went down, including violent crime.
But there was an increase in “crimes against society”, of which drug and prostitution crimes made up the most. Crimes Against Society include drug crimes, prostitution, pornography crimes, weapons crimes and […] Continue Reading…
In May, International Monetary Fund boss Dominique Strauss-Kahn was arrested just after he got on a plane for France. He was charged with raping a hotel maid, and humiliated by the U.S. mainstream media who basically convicted him without waiting for a trial to be held.
Strauss-Kahn ended up resigning as IMF boss, and even […] Continue Reading…
“We are considering quitting the European market because the import duty is far beyond our ability to withstand.”-Wu Jianfeng, Hongyu Ceramics
Chinese media reporting that many small Chinese manufactures are in trouble, because they can no longer afford to send products to Europe.
In March the European Union jacked up its import duties on Chinese ceramics […] Continue Reading…
“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…