Tag Archives: China

Fukushima

Global Food Crisis: Out of desperation Japanese Grocery stores turn to Chinese Rice!

No thanks to the ongoing nuclear disaster at Fukushima Daiichi, Japanese rice prices have skyrocketed.  This is because the amount of Japanese rice that is not contaminated with radiation is getting smaller every month.

That fact has caused wholesale prices for Japanese rice to rise 20% since March 2011. Traditionally Japanese grocery stores will sell only Japanese rice, but now they are turning to rice from China.

Some stores are offering free samples to get their customers to buy it. Major supermarket operator, Seiyu, says they will try a test sale this coming weekend.  If it’s successful then Chinese rice could become the main food staple of Japan!

Business/Economics, International, U.S.

Global Economic War: China to start using Yuan for International Loans, BRICS will dump the U.S. dollar, Hillary Clinton demands China prove its intentions! The end of U.S. dollar dominance begins March 29!

“We will discuss the creation of structures and mechanisms for lending in local currencies in order to maximize economic and financial transactions between the countries that are members of the accord.”-statement from Brazil’s development bank BNDES

The BRICS are about to lead a new Revolution; no more U.S. dollar!  It’s being spearheaded by the Chinese Development Bank.

BRICS members (Brazil, Russia, India, China and South Africa) are about to institute a new World Lending system that will not require the use of the U.S. dollar!

Reports say the new system will be signed into operation by BRICS members on March 29, 2012.  It will deal in not only the Chinese Yuan, but in local money as well.  Currently most international lending systems require loans to be made in U.S. dollars.  That’s because the major lenders, the IMF and World Bank, are actually run by the United States.

In response (yet not really explained by the main stream U.S. media why Clinton is making such a statement) U.S. Secretary of State, Hillary Clinton, is demanding China explain itself: “Given the historic challenges to security and stability posed by rising powers, they do have a special obligation to demonstrate in concrete ways that they are going to pursue a constructive path.”

Clinton’s statement shows just how paranoid the U.S. government is of China.  But, oh well, surveys show many of the citizens of the U.S. are also paranoid of China!  This new international lending agreement with the BRICS will only prove to the paranoids that they are justified in their fear.

 

 

 

Business/Economics, International, Technology, U.S.

Oil & Gas Prices: Chevron Gas rig burns for 46 days, Oil war brewing between Sudan & South Sudan, Libyan rebels declare independence in Oil Rich Eastern Libya

March 6, 2012, after 46 days a natural gas rig fire has finally been put out. The rig is operated by Chevron, it is located in Nigeria.

The off shore gas rig blew up on January 16, killing two people. It eventually collapsed into the sea: “We cannot predict how long it will take to complete the relief well, but will do so as quickly as possible while maintaining safe operations.”– Russell Johnson, Chevron

Nigeria is the top oil/gas producer in Africa.  The catastrophe is now killing the fish in the ocean:“The gas is inside the fish. After eating the fish you feel like somebody who drunk diesel, you feel dizzy.”-Bravely Salvage, local fisherman

Locals say fish and dolphins have been washing up on the beach.  Chevron officials say the explosion and resulting 46 day fire should not have impacted the fish!!!  Can you say lawsuit?  Nigerian rebels are using the explosion as further justification in their war against the oil industry: “Nothing has changed in the Niger Delta. This is a fools’ peace!”-Movement for the Emancipation of the Niger Delta

South Sudan has lodged a complaint against Sudan, with the United Nations, for the bombing of an oil well.  Sudan said they didn’t do it.

South Sudan is trying to get around the high transport fees Sudan charges for shipping their oil to the Red Sea.  They are building an oil pipeline to Kenya.

South Sudan officials claim the increased violence in their country, which just happen to be destroying their oil production, is being instigated by Sudan: “Khartoum is sending a signal saying ‘if you divert the oil and we do not benefit from anything then we can destroy that oil and create instability so that you don’t enjoy the benefits of that oil’.”-Samson Wassara, Juba University

In Libya, proof the U.S./European supported Libyan government is a joke; rebels have declared oil rich eastern Libya independent!

Eastern Libya is where the “rebellion” began, when Chinese oil workers were attacked.  The Chinese government had to evacuate 30,000 Chinese oil workers, something the Western Media failed to report.

Now, in a obvious case of hypocrisy, Libya’s pro-U.S. government leaders are making the same statements that Gaddafi made: “Some Arab nations, unfortunately, have supported and encouraged this to happen. These nations are funding this kind of unacceptable strife. What happened today is the beginning of a conspiracy against Libya and Libyans.”-Mustafa Abdul-Jalil

 

 

 

 

 

Business/Economics, Idaho, International, Technology, U.S.

What Economic Recovery? Idaho’s Hoku Materials loses $28 million, blames Idaho Power. Takes on 19 new loans to continue operation, beggars China for more money!

On March 5, 2012, Hoku International released its Quarterly 10-Q Report, ending December 2011.

Specifically their Pocatello, Idaho, Hoku Materials polysilicon operations (which has yet to actually begin operations) lost $28.4 million in the nine months ending on December 31, 2011.

Their 10-Q report blames part of the loss on Idaho Power’s electricity bills.  Idaho Power has reported that Hoku has consistently failed to pay their electric bill on time (actually in advance, under Idaho Power’s rules for large businesses)!

Hoku’s March 5, 2012, 10-Q report also revealed that they’ve had to “…obtained an aggregate of $315.5 million of debt financing through 19 bank credit agreements to support our operations.”  

That was as of December 31, 2011.  Hoku has also revealed that they’ve had to beg China for more money: “In January 2012, we entered into a credit agreement with Industrial and Commercial Bank of China, Limited, New York Branch to provide for one or more term loans in an aggregate principal amount not to exceed $10.0 million. And in February 2012, we entered into a credit agreement with China Merchants Bank Co., Ltd., New York Branch to provide for a loan in an aggregate principal amount of $10 million.”

AS I WARNED: IDAHO HOKU SILICON FACTORY GOING UNDER, ANNOUNCING LAYOFFS, VIOLATED STOCK MARKET TRADING RULES

Business/Economics, Idaho, International, Technology, U.S.

What Economic Recovery? As I warned; Idaho Hoku silicon factory going under, announcing layoffs, violated stock market trading rules

March 6, 2012, Hoku International announced they will layoff about 20 employees at their Pocatello, polysilicon plant.

This comes after many delays in finishing the factory, and threats by Idaho Power to cut off electricity because Hoku hasn’t been paying its utility bill.  Also, Hoku lost big money in 2011.

Officials with Hoku said the layoffs are necessary to keep the company going.

On February 23, 2012, Hoku International was notified that trading of its stocks were suspended, for violating NASDAQ’s Listing Rule 5250(c)(1).  On March 5 (the day before the layoff announcement) Hoku claimed they were now in compliance with NASDAQ’s rules.

CORPORATE INCOMPETENCE: HOKU MATERIALS BEGS FOR MONEY TO PAY ITS OVERDUE IDAHO POWER BILL

Business/Economics, International, U.S.

Who’s the official “Best Friend of the American Worker”? China. Mitt Romney has short memory, makes hypocrite of himself.

Former Massachusetts governor, Mitt Romney, has blasted China’s trade policies with the U.S., but China has just won a Massachusetts award for being the Best Friend of the American Worker!

On March 2, 2012, Chinese Premier, Wen Jiabao, was given the award in Boston by the International Longshoreman’s Association.  For what? For appreciation of China’s strong support of job growth for U.S. workers!

Here’s the thing, while Mitt Romney was governor of Massachusetts he actually wooed the Chinese to invest in that state.  In fact, at the end of 2003 Romney gave Wen a tour of Boston!

Another thing. Romney has also made a fool of himself.  He has repeatedly stated that China is costing the U.S. millions of jobs every year.  But here’s a sobering fact: U.S. exports to China increase year after year.  That means more jobs created in the U.S. to meet those export demands from China.

How much have exports to China grown?  According to the U.S.-China Business Council, U.S. exports to China skyrocketed 468% between 2000 and 2010!!!   Now you know why China is officially “Best Friend of the American Worker”.

 

Business/Economics, International, U.S.

Congo explosion takes out Chinese workers, Catholic Cathedral

The Chinese government reports that 140 Chinese construction workers were hit by the large explosions in the south western African country of Congo-Brazzaville.  Six have died, one is missing.

Officials in Congo-Brazzaville expect to death toll to climb higher than 206.

The Catholic Cathedral called Saint Louis was flattened: “Many of the faithful are trapped in the debris of the church. Several of the dead have been taken out and I confirm there are more deaths inside.”-Didier Boutsindi, presidential spokesman

St Louis is the Diocese of the area, and it is not located in Brazzaville, where the explosions took place.  It is located in Nkayi, just west of Brazzaville.  If the report is true it gives you an idea how powerful the explosions were.

Congo-Brazzaville (Republic of Congo) has been racked by civil war for decades. In 2003 former French oil company executives testified in court that the oil industry is behind causing civil wars, because they can get access to the oil more cheaply.

Business/Economics, International, U.S.

Global Economic War: World Bank threatens China, more proof of conspiracy to privatize world governments!

The Wall Street Journal says a report titled China 2030, to be released on February 27, indicates that China’s booming economy will soon go bust if it doesn’t implement radical reforms.

The report comes from the World Bank, and a think tank supposedly connected to the Chinese government.

The China 2030 report will be released in China on Monday.  It calls for the officially communist Chinese government to sell off the last of its state owned businesses, possibly including its four major banks.

Allegedly the China 2030 report says China’s economy will begin to go bust by 2015, if it does not fully privatize its industries.

 

 

 

Business/Economics, International, U.S.

College student? Need Job? Japan needs You!

On February 25, 2012, a record number of Japanese companies held a conference to hire foreign college students.

145 companies held a conference in Tokyo, which attracted more than 3,000 students from China, South Korea and other Asian countries.

A rep for an auto parts maker said his company wants half of its new workers to be international students, especially since it is planning to increase operations outside of Japan.

Many hopeful college students were told that they should learn honorific Japanese expressions which are essential for conducting business in Japan.

Influenza

Pale Green Horse & H5N1: U.S. media says Bird Flu not that deadly. Tell that to Indonesia, they just had their fourth human death caused by Bird Flu

“He suffered shortness of breath and eventually died on February 21. Laboratory test confirmed he died from H5N1 virus.”-Rita Kuriastuti, Indonesian Health ministry

While more people in southeast Asian countries die from H5N1 the U.S. media is spreading reports that bird flu isn’t as bad as first thought.  The February 21 death of a boy was the fourth for the 2011-12 flu season.  He died about one week after showing symptoms of flu.

Indonesian health officials say 154 people were confirmed to have died of H5N1 since 2005.

The first 2011-12 flu season death, caused by H5N1, was reported in China in December.

A new study, by Mount Sinai School of Medicine in New York City, says the UN’s World Health Organization’s death rate of 60% for H5N1, is based on severe cases and doesn’t count mild cases.  But if your a family member who lost someone to H5N1 that doesn’t matter.   The fact is that there seems to be a lot of severe cases of H5N1 in Asia.

I looked and there before me was a pale horse! Its rider was named Death, and Hades was following close behind him.  They were given power over a fourth of the earth to kill by sword, famine and plague, and by the wild beasts of the earth.