After first saying no, CEPCo now says OK they will shut down their Hamaoka plant.
Prime Minister Naoto Kan asked Chubu Electric Power Company to shut down their Hamaoka nuke plant, because the plant sits on top of a convergence of fault lines, that could produce an 8+ quake. The plant is not built to […] Continue Reading…
China is the biggest buyer of U.S. sovereign debt (bonds), but has been selling off that debt at a steady pace. In February China sold off $1.15 trillion (yes, trillion) in U.S. bonds.
Chinese officials say the sell off of U.S. bonds could continue for another two months, or as long as the Federal Reserve […] Continue Reading…
“The U.S. wants China to pay its economic bills by raising the value of the yuan. This is preposterous!”-Zhang Yansheng, Institute of Foreign Economics
Officials from China and the United States are meeting this week to discuss, what else, economic issues. Many U.S. officials want the Chinese to raise the value of their money, the […] Continue Reading…
Think the recent jobs data are a good sign of recovery? Think again!
Since 2007 the United States has lost 7.25 million jobs. According to a USA Today report, only 45.4% of workers, both men and women, were employed. When you look at just men, only 66.8% of male workers had jobs in 2010. That’s […] Continue Reading…
A report by Standard & Poor’s shows that while the workers of the United States continue to struggle, the corporate leaders are raking in the dough. In fact corporate executives are making more now, than they did before the 2007 market correction.
S & P’s 500 reports that in 2010, the average yearly salary of […] Continue Reading…
Sony is dealing with yet another breach of data. This time a U.S. subsidiary of Sony has been hacked. Data for 2,500 U.S. customers have been accessed.
The information is related to a contest customers applied for, back in 2001.
Prime Minister Naoto Kan had asked Chubu Electric Power Company to shut down their Hamaoka nuke plant, because it turns out that it is right over a convergence of fault lines, and scientists expect a magnitude 8+ quake.
Hamaoka is south west of Tokyo. Kan wants CEPCo to shut down the plant, and reinforce the […] Continue Reading…
The top mortgage lender in the United States, Fannie Mae, wants another $8.5 billion dollars to save its butt. This after reporting a loss of $6.5 billion during the first three months of 2011.
Fannie Mae blames the loss on credit expenses. They also blame falling home prices. If Fannie Mae gets the new bailout […] Continue Reading…
“As the U.S. government continues to request accessibility to the Chinese market for its firms, we now raise a similar request on behalf of Chinese firms.”-Zhu Guangyao, Vice Finance Minister
For decades U.S. companies have been shipping off factories, and jobs, to China. Now China says the United States is blocking their attempts to bring […] Continue Reading…
United Nations health investigators say the strain of cholera, that killed more than 4,000 people in Haiti, came from south Asia.
The UN officials say they traced the strain back to a river near a UN peacekeeper camp, that was occupied by troops from Nepal. The UN admits that sanitation conditions at the camp were […] Continue Reading…