A company that was going to build two reactors in Texas, abandoned the plan.
NRG Energy, in cooperation with Toshiba, was planning on building two reactors in Texas. The company now says the investment environment has become too risky to continue with the plans. They will now write off U.S.$ 481 million on their taxes, […] Continue Reading…
Toyota announced that it will have to continue cuts in production in its North American factories. Continued parts supply problems being blamed.
Factories in Mexico, Canada and the United States will now suspend operations on Mondays and Fridays. Production will be cut in half on Tuesdays and Thursdays. The latest cuts will continue until June […] Continue Reading…
“We are one shock away from a full-blown crisis.” Robert Zoellick, World Bank President
The World bank is run by the United States, and if the current situation within the U.S. is any sign, then the world economy, influenced by the World Bank, is in trouble.
The International Monetary Fund is worried as well: “Especially because […] Continue Reading…
Following the British announcement that they will send troops to train Libyan rebels, France and Italy say they will do the same.
The UN coalition members say, officially, they are within UNSCR 1973 because training rebel militants will protect civilians.
It’s interesting that Libyan government troops are being portrayed as non-Libyan, while rebels are being portrayed […] Continue Reading…
“We’re actually seeing Texas burn from border to border. We’ve got it in west Texas, in east Texas, in north Texas, in south Texas — it’s all over the state.”-April Saginor, Texas Forest Service
Firefighters from 34 states are helping Texans battle the blazes. More than 170 homes have been destroyed. One […] Continue Reading…
“GDP that stems from new debt — mainly deficit spending — is phony: it is debt-financed consumption, not prosperity. Net of deficit spending, our prosperity is nearly unchanged from 1998, 13 years ago.”-Rob Arnott, Research Affiliates
Arnott says the Democrats and Republicans are to blame. They continue to play games with the […] Continue Reading…
Rescue workers say they think there is a void within the caved in roof of the Lucky Friday mine. They drilled through the debris, ran a camera through and discovered that there is open space.
They drilled some other holes to let fresh air in. Rescuers have been working since the the cave in, on […] Continue Reading…
An Iranian foreign exchange student, attending school in the United Kingdom, was attacked on April 13, by four British women. The British women said they attacked her because she would not remove her hijab (head covering).
“If it turns out that the incident has been a racial attack and the Iranian student has […] Continue Reading…
“Iran can have an effect on world energy and fuel. Fuel prices will go up dramatically. If sanctions are not removed, particularly sanctions against banks and other economic sanctions, the price of oil will go above $150 a barrel.”-Mahmoud Bahmani, Iran’s central bank
A top U.S. Federal Reserve official said that gasoline […] Continue Reading…
Tourism for Iran increases every year, despite UN sanctions. Iranian officials expect a huge leap in tourism for the 2011-2012 year (Iranian year 1389).
Where do the most tourists come from? Germany, then France. Iran hopes to attract three million tourists this year.