Toyota expecting parts supply problem to last for months, cutting production in Thailand

Toyota announced that production at its factories will not return to pre-March 11 levels, until December.  Toyota expects 2011 production levels to be lower than 2009.

Production in Japan will not pick up until July.  Production at all other Toyota plants will remain low until August.  And that’s a best guess: “We don’t know how […] Continue Reading…

Iran and Brazil closer together, Iranian trade center to open in Brasilia

Brazilian Foreign Minister Antonio Patriota announced his country’s new President, Dilma Rousseff, will continue the policies of former President Luiz Inacio Lula da Silva, in regards to Iran: “Rousseff will stay on the path of her predecessor and mentor Lula da Silva.”

Now Iran will open a trade center in Brazil.  The […] Continue Reading…

Japanese ordered to evacuate, but government won’t help, even moving companies refuse to help!

“We were told to evacuate, but we can’t. Are the moving companies just going to abandon us without offering help?”-Evacuee

People living in mandatory evac zones, in Fukushima Prefecture, have until the end of May to get out.  But they are on their own when it comes to actually moving.  Even moving companies are refusing […] Continue Reading…

Local governments say radiation contamination increasing outside evac zones, contradicts claims by national government!

The situation around the Fukushima Daiichi nuke plant is not getting better.  Radiation contamination is spreading, and increasing.

Officials say the radiation levels at the damaged nuclear plant continue to increase, making it more difficult for workers struggling to get the facility under control.  Tokyo Electric Power Company says radiation levels at the nuclear reactor […] Continue Reading…

New York City desperate to sell land to China

New York City’s Economic Development Corporation is hosting a weeklong program, trying to sell property to Chinese companies.

It’s another sign that the economy is not recovering.  Real estate agents can’t sell enough property to U.S. companies, so they’re trying to get the rich Chinese to buy it.

Several Chinese businesses have already opened New York […] Continue Reading…

Chinese bankers say dump U.S. dollar, buy other currencies

Several banking officials in China, have stated that they Chinese government needs to “reduce” and “diversify” their foreign currency holdings.

Tang Shuangning, chairman of China Everbright Group said China must reduce its excessive foreign exchange reserves and further diversify its holdings.

Zhou Xiaochuan, governor of China’s central bank, said that China’s foreign exchange reserves “exceed […] Continue Reading…

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