Ford announced that it’ll build a transmission factory in China. It will build six speed automatic transmissions. The plant will cost $350 million.
Also, they’re building an engine plant in China, at a cost of $500 million. Ford hopes to have the factories operating in 2013. China is now the world’s largest car market.
Depending on which media source you read, Boeing won its World Trade Organization case against Airbus. Depending on which media source you read, Airbus won its World Trade Organization case against Boeing. Yes, that’s the idea.
Both Airbus and Boeing are declaring victories in their WTO case against each other.
Honda announced they will have to lay off 400 workers at their factory in Brazil. The problem is lack of parts.
Originally Honda was going to reduce production, at their Brazil plant, for 12 days. Now it’s cutting production for a full month, and reducing payroll by 12%.
The ongoing parts supply problem was caused by […] Continue Reading…
NHK reports Japanese astronomers have discovered what they call “floating planets”.
At least ten floating planets have been discovered using an observatory in New Zealand. The planets have mass equal to the planet Jupiter, yet they exist outside any solar system, and apparently don’t need to orbit a star.
11,000 employees with the United Nations Relief and Works Agency, for Palestine, went on strike over unfair working conditions.
Employees say management at UNRWA engage in arbitrary firing and denial of workers’ rights. In some cases workers have been fired because of the political party they belong to.
At least 1,000 health care workers picketed a hospital belonging to one of the biggest insurance companies in the U.S.; Kaiser Permanente’s flagship hospital in Los Angeles, California.
The workers say Kaiser has been cutting back on staffing, forcing those still working to handle longer hours. The insurance company is also cutting back on services. […] Continue Reading…
A five year study, done by the United States Conference of Catholic Bishops, concludes that because of the promiscuous attitude of U.S. society, during the 1960s-80s, the Church let down its guard on sex abusers who became priests.
The report does say that the Church failed to enforce celibacy, and properly monitor the priests. Also, […] Continue Reading…
U.S. Treasury Department announced that President Barak Obama has imposed sanctions against Syrian President Bashar al-Assad, and other Syrian officials.
The sanctions also include two Iranian officials. Also, Obama signed a similar order against at least 10 Syrian officials on April 29.
“As a result of this action, any property in the United States or in […] Continue Reading…