Prime Minister Naoto Kan ordered the Hamaoka nuclear plant shut down, for fear of a major earthquake.
The Hamaoka plant is run by Chubu Electric Power company. The plant has two reactors already decommissioned, one shut down for maintenance, and two still operating. It’s located south west of Tokyo, in Shiuoka Prefecture.
Prime Minister Kan ordered […] Continue Reading…
The cost of living in the U.S. rose at its fastest pace since December 2009 in the year ended in March, the same month when Chinese consumer prices rose by the most since 2008.-Bloomberg report
Rising commodity prices can bring inflation. Commodity prices go up when there is an expected higher demand than supply (or […] Continue Reading…
Portugal has taken on bail out loans from the International Monetary Fund and European Union. The loans total $115 billion.
This makes Portugal the third European economy to become a lame duck, after Greece and Ireland. Portugal still has to pay back old loans, $5 billion worth, by June 15, or risk default.
Ever since the supposed raid to kill bin Laden was announced, oil prices have been falling. In fact, May 5, oil is about $99.00 per barrel for WTI.
Guess what, now there’s a huge leak in a big oil pipeline in Alberta, Canada. How convenient. Not only that, but officials who control the Plains Midstream […] Continue Reading…
Why does the information about the raid on Osama bin Laden’s compound in Pakistan, continually change? Why did they dump his body in the ocean for bogus reasons? Did they dump his body?
First they said they shot him in a fire fight, that was later changed to, “he was resisting”, and then his daughter, […] Continue Reading…
Glencore is a private company in Switzerland. The company is valued at $60 billion. What do they do? Buy and sell commodities.
Glencore is the world’s biggest commodities trader, buying and selling much of the world’s wheat, corn, rice, sugar and edible oils. They also buy and sell minerals; metals, oil, coal. In fact they […] Continue Reading…
The U.S. doesn’t need to lose anymore jobs, but Kraft just announced they will build a new plant in Brazil.
“Brazil is one of 10 priority developing markets where we’re making big bets. Today, we’re among the fastest growing consumer goods companies in markets like Brazil, India and China. We’re excited to build […] Continue Reading…
Despite the bloody Drugs War, German companies are about to invest more money into Mexico.
German President Christian Wulff wants to increase business relations with Mexico. Already there are 1,200 German operations in Mexico, employing 130,000 people. Wulff also implied that Germany will help the Mexican government in their Drugs War.
Germany has historically been interested […] Continue Reading…
“Our expansion plan will continue to support the socioeconomic development of the Brazilian population. The focus in formats aimed at the emerging middle class will be even stronger in 2011.”-Marcos Samaha, president of WalMart Brazil
Recently WalMart officials expressed their concerns for the poor U.S. retail market. They blame inflation and lack […] Continue Reading…
Ecuadorian scientists want to create a genetically modified Banana. They say it’s the only way to keep Bananas in their country from going extinct.
“…something that we can be sure of is that the Sigatoka will not lose its battle. As soon as we can get a new fungicide, the disease becomes more […] Continue Reading…