Tag Archives: economy

Business/Economics, Opinion, U.S.

Corporate Evil: After blaming Unions for their shut down, Hostess now wants to pay out big bonuses to their execs! Shut down really part of Romney style crony vulture capitalist plan!

29 November 2012, gee after saying they didn’t have the money, and blaming unionized labor for the shut down of Hostess, suddenly they’ve got the bucks to pay bonuses to their incompetent executives!

Hostess officials are asking a bankruptcy judge to approve the paying out of $1.8 million USD in bonuses to their 19 executives.  Company officials say it’s necessary to keep the execs on board until they finish selling off their brands.

It’s starting to look like the running into the ground and eventual shut down of Hostess is really a Romneyesque vulture capitalist plan to chop up and sell the company off.  Hostess officials say there are more than 100 potential buyers chomping at the bit.

Hostess product sales were down, but last week a company official told the bankruptcy judge they still had $2.3 billion in sales last year!

So 18,500 people lost their jobs, and Hostess wants to pay $1.8 million in bonuses to 19 executives, that’s about $94,736 each (if my math is correct).  And those execs are still being paid big salaries as well; for example, CEO Gregory Rayburn has a monthly salary of $125,000!

I don’t think the Hostess shut down is about not having enough money.

 

 

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

Corporate Evil: Was Sears involved in counterfeit clothing? “Books” show Sears was client of illegal fashion factory! Don’t think 18 cents per hour is good money in Bangladesh, it’s not! Walmart blames you!

“It was my fault. But nobody told me that there was no emergency exit, which could be made accessible from outside. Nobody even advised me to install one like that, apart from the existing ones. I could have done it, but nobody ever suggested that I do it.”-Delowar Hossain, factory owner

Days after a fire killed more than 120 people (reports now say there will be more bodies found, as the initial body count was a guess) and injured 200, the factory owner accepts blame, and three of his supervisors are now charged with locking the workers in the building because they thought the fire alarm was fake (they actually believed the workers were trying to escape their wretched working conditions), another ‘illegal’ fashion factory goes up in flames (this time no one was locked in, but there were injuries), and the disaster reveals that unAmerican Corporate America is involved more than ever in slave wage factories (to get those high profits to make their investors happy, it’s not about keeping prices cheap for the lowly consumer).

The police and the Prime Minister of Bangladesh said they believe the fire was “an act of sabotage”.  A disgruntled employee perhaps?

Other reports say the factory was operating illegally anyway.  Both Walmart and Disney issued statements saying they canceled contracts with the factory at least 12 months ago, on the grounds the factory was dangerous.  Yet clothing with their brands on them were being made right up ’till the fire broke out.

Here’s some other companies/brands that were having clothing made at the illegal factory: ENYCE, Teddy Smith and Edinburgh Woollen Mill.  But another company was found listed in the factory account books: Sears.  If companies like Walmart and Disney swear they canceled their contracts a year ago, then who were those shirts, sweaters and hoodies (with Walmart’s Faded Glory label, and the Disney label) being made for?

I hear Sears is in big trouble money wise and has been struggling to get its profits up.  Just sayin’.  But of course Sears Holdings denies they’re involved, and yet at the same time plans to rectify the fire safety issue: “We can also confirm that Sears Holdings does not source from this factory….In addition, Sears recognizes that fire safety is a critical international issue that we intend to address through specialized training for management in those factories that produce merchandise for Sears Holdings.”-Sears Holdings statement

If they’re not involved then why is Sears in the fashion factory’s client account books and why did Sears say they will address fire safety at such factories?

According to the Associated Press, since 2006 at least 313 people have died in fashion factories in Bangladesh.

According to industry watchdog groups, labor rights groups and even the World Bank, the average pay for a fashion factory worker in Bangladesh is the equivalent to $38 USD per day!  And that’s double what they were being paid last year, they had to go on violent strikes to get the $38 per day!!!

Another report said they get paid the equivalent of 50 cents per hour in the United States!!!

And don’t think the fashion industry in Bangladesh can’t afford to pay more, last year they made $20 billion USD, making up 80% of Bangladesh’s Gross Domestic Product!!!

Companies that help retailers like Walmart hook up with fashion suppliers,  blamed the U.S. consumer:  “You have relentless pressure that consumers put on retailers and that retailers put on their suppliers to deliver lower and lower prices. And that pressure is a key reason why you see factories cutting corners.”-Josh Green, Panjiva

The only reason the average U.S. consumer “demands” lower prices is because their pay and benefits continue to go down year after year.  Blame unAmerican Corporate America!

 

 

 

International

Breaking news: Israel breaks ceasefire, wounds five Gazans, kidnap fishermen, sinks their boats!

“In a new violation of the ceasefire, the Zionist enemy arrested nine citizens and sunk several boats in the sea off the northern Gaza Strip!”-Islam Shahwan, Hamas

28 November 2012, typical of Israel, they are always the ones who break agreements, despite what the Israeli controlled U.S. media says!

According to Palestinian/Gazan medical reports Israeli troops open fired on people near the al-Bureij refugee camp in the central Gaza.  Four Palestinians wounded.

In an area north of the refuge camp, another person was shot and wounded by an Israeli soldier.

Israeli Defense Forces (IDF) say they shot at people who were approaching a border fence “acting violently”, even though those people were not armed.

IDF navy also kidnapped nine Palestinian fishermen from Gaza, and then sunk their fishing boats.

Palestinians in Gaza consider this a violation of the ceasefire agreement, but are giving Israel a chance if they release the kidnapped fishermen.

International, U.S.

World War 3: U.S. occupation of Afghanistan; 23 – 26 November 2012. U.S. peace NGO wants more war! U.S. will stay! Afghan rockets hit Pakistan! University students thrown out of 4th story windows because they are Shia Muslims!

26 November 2012

Yet again, religious leaders have condemned suicide bombing.  The Clerics Council of Afghanistan said such attacks are prohibited in Islam.  Those behind tricking people into committing such acts are not eligible to enter paradise. Those who carryout the suicide bombing are committing an unforgivable sin.

So who’s really behind such acts?  There is plenty of evidence that the United States created al Qaeda (including that presented in a banned BBC documentary).  According to regional journalists the Taliban kicked out the last vestiges of al Qaeda in 1999 (at the insistence of  U.S. President Bill Clinton), so there was no al Qaeda in Afghanistan when the U.S. invaded (remember, even President Bushy Jr hosted a first ever visit to the U.S. by Taliban officials).  Then the U.S. invades Iraq, with one of the reasons being that Saddam Hussein supports al Qaeda, which was never true, because Hussein was the main reason why al Qaeda never gained a foothold in Iraq. Guess who shows up after the U.S. occupies Iraq?  Why al Qaeda!  Then there’s the U.S./EU led false revolution in Libya.  Almost immediately after the U.S. and EU declares support for the “rebels” guess who shows up in great numbers? Al Qaeda!  Now we have Syria, where the reports and documentations of al Qaeda operations are bigger than ever, and those al Qaeda operatives that talk to the media even boast how they’re getting money and weapons from the U.S. (there is video of them getting paid with brand new U.S. $100 bills, and being equipped with the latest M16/M4 assault rifles)!

New York City based Human Rights Watch says they don’t want peace with the Mujahideen: “Providing immunity from prosecution for genocide, war crimes, crimes against humanity, and other serious human rights abuses violates international law. Future government talks with the Taliban should not hinge upon denying justice to victims of war crimes and other abuses.”-Brad Adams, HRW

Ok Brad Adams, what’s good for the goose is good for the gander, no peace without justice against the United States for all it’s war crimes!  Are you sure non-governmental agency HRW hasn’t been subverted by the U.S. government?

ISAF said: “An International Security Assistance Force service member died following an improvised explosive device attack in southern Afghanistan today.”

In Nimroz province, Mujahideen claim they ambushed a U.S./NATO convoy, destroying one armored vehicle and a fueler. Later that night they say a landmine destroyed a U.S./NATO tank.  Both happened in the Lakhshakaan area of Delaram district.

In Khost Province, two people were killed and 18 wounded when a bicycle bomb exploded in a local market.

In Nangarhar Province, hundreds of people in Jalalabad city protested President Karzai’s orders to execute Mujahideen.

25 November 2012

The Wall Street Journal reported that the Obama administration wants to keep 6,000 to 15,000 U.S. personnel in Afghanistan after the 2014 withdrawal date.

The Ministry of Higher Education of Afghanistan closed all state universities because of attacks against Shia Muslims.

24 November 2012

ISAF said: “A U.S. Forces-Afghanistan service member died today following an insurgent attack in southern Afghanistan.”

Wardak Province, local government officials say a U.S. airstrike, in Baghak area of Syedabad district, killed at least six people.

People living in Pakistan, near the Afghan border, say nine rockets were fired from Afghanistan’s Paktia Province.  Also, a Pakistani TV report said 20 mortar rounds were fired into Pakistan from Afghanistan.  People living near the border say it all started after U.S./NATO forces abandoned a base in Paktia Province.

In Nimroz Province, the residents of Khwaja Sarda say U.S. led forces carried out an illegal night raid, and kidnapped three people.

A girl made famous by the Girl in Green photo returned to where her relatives were killed or wounded in last years Ashura suicide bombing against Muslims.  It is one of thousands of suicide terror attacks against Muslims since the War on Terror started (where are the massive terror attacks against christians and jews?).  While U.S. puppet officials blame Muslim Mujahideen for attacking Muslim civilians in Afghanistan, it’s most likely U.S. created al Qaeda.  Al Qaeda has declared war on all Muslims who’re not Salafi/Wahhabi Musilm.  Al Qaeda has been especially ruthless against Shia Muslims.

In Kabul Province, Shia Muslim students at Kabul University were attacked by dozens of people, some being thrown out 3rd and 4th floor windows.  Reports vary, saying as many as two people killed and 10 wounded.   Local police say they arrested as many as 40 people.

23 November 2012

In Maidan Wardak Province, a major car bomb attack took place at a security training center in Maidan Shar.  Six U.S. personnel were wounded, 90 Afghans wounded and three killed.  Local Mujahideen say the attack was in response to Karzai’s order to execute imprisoned Mujahideen.

In Nangarhar Province, a suicide bomber exploded at a U.S./NATO base. At least five security guards wounded.

 

International, U.S.

World War 3: U.S. occupation of Afghanistan; 20 – 22 November 2012. CIA targeted! Afghanistan to seize disputed land by force after 2014? Karzai orders action against U.S. controled Bagram Prison, then executes fellow Afghans! 2012 was another big year for opium! U.S. & EU taxpayers’ aid money part of giant money laundering scam by their own leaders!

22 November 2012

Red Coat British officials issued a statement concerning their creation of the disputed Durand Line. The British took land away from Afghanistan in order to create a buffer zone between Afghanistan and British controlled India in 1893.  Latter the British kept that area as part of the new Pakistan in 1947.  Afghan officials have refused to recognize the Durand Line, and it is the reason for the growing tension between Afghanistan and Pakistan.  The U.S. Obama administration recently stated they support the British created Durand Line.   Britain and the U.S. hope the dispute between the Afghans and the artificially (British) created Pakistan can be resolved without war.  Apparently there is concern that after the 2014 U.S./NATO pullout that Afghanistan will try to take their land back by force.  To give you an idea of how sensitive the issue is to Afghans, the British embassy officials did not hold a public press conference, but issued their statement by video conference.  But, when asked specifically about the Durand Line this is what they said: “Both Islamabad and Kabul understand Britain’s stance on Durand Line but I believe that it is not an appropriate time to disclose it in media considering the current situation.”-Adam Thomson, British envoy to Pakistan

21 November 2012

It looks like President Karzai is getting serious about his threats against the U.S. control of Bagram Prison: “The report presented to the President concluded that the MoU signed on the transfer of the Bagram prison to Afghan sovereignty has not been fully implemented by the Americans with instances of serious breach of the agreement noticed.”-report made to President Karzai by Afghan Attorney General and Ministry of Defense

Karzai then issued two orders: “Urgent actions must be taken to set free all the inmates that need to be released as per Afghanistan applicable laws……All those who have been imprisoned by the Americans after the signing of the MoU and which stands contrary to its provisions, must be transferred to Afghan side without any delay!”

Despite Karzai’s concerns over Afghans being held by the United States, he didn’t hesitate in signing rare execution orders for dozens of prisoners.  Unnamed Afghan officials say the executions involve people who are believed to be Mujahideen.  Mujahideen stated they will retaliate for the execution of any fellow freedom fighter.  The retaliation warning was specific about who would be targeted: “…heavy repercussions for lawmakers, courts and other related circles of the Kabul administration.”

In Kabul Province, the U.S. Central Intelligence Agency (CIA) was attacked with: “…light and heavy weapons attacked an important office of the CIA in the center of Kabul and the fighting is continuing. The enemy has suffered heavy losses but a precise number can’t be determined at this time.”-Mujahideen statement

Kabul city officials confirmed the attack, saying two people were killed, one wounded.  A spokesperson for International Security Assistance Force said one ISAF vehicle was damaged.  The attack involved a suicide bomber, and took place near the U.S. embassy and the residence of an official with the Afghan Supreme Court.  Mujahideen say the target was the CIA.

For some reason, news of what’s happening in Afghanistan began drying up after 20 November.  And that even includes information from Mujahideen sources.

20 November 2012

In Ghazni Province, a local government supported militia, known as Arbakiyan, have been kidnapping and murdering people. In the most recent case, in Shulgar district, they assassinated a religious scholar and two other people.

In Kandahar Province, local government officials in Shahwalikot district report that  U.S./NATO personnel began a heliborne operation at 07:00 hours.  They say the ISAF raiders hit the villages of Faryaan, Shalizara, Gombat, Musa Karez and Haji Khel.  They destroyed homes and killed five civilians. The U.S. led operation lasted until the sun began to set.

The 2012 Afghanistan Opium Survey showed a another big year for opium farming in Afghanistan.  Despite a drop in actual opium production, and a 154% increase in government eradication, there was an increase in poppy cultivation. Overall poppy cultivation when up 18%, with some provinces seeing a huge jump in poppy fields.  Kunar Province had a 121% increase! The Survey estimates that some farmers are getting $196 USD per kilogram (2.2 pounds) for their opium!  Keep in mind it takes a lot of poppies to make 2.2 pounds of opium, so that doesn’t mean the individual farmers are getting rich.

In Kapisa Province, French troops began leaving.  The last of 400 troops left the province (they might be needed to retake the French mandate of Syria), but there are still about 2,000 French personnel in Afghanistan.

The Afghan Central Bank has revealed that billions in cash have been transferred out of Afghanistan.  For 2012 at least $3 billion USD has been illegally transfered to other countries.  Bank officials specifically named China and Korea, south, but said other countries were involved.  In 2011 $4.6 billion was stolen from Afghanistan’s banks by other countries.  To me this looks like Afghanistan is being used as a giant money laundering operation for crooked government officials around the world, and it’s the taxpayers of those countries that’re paying the price!

 

 

 

 

International

World War 3: Iran admits helping Gaza, but not with weapons, with knowledge to build their own Fajr 5 MLRS

“We offer all Muslims technological aid to stand up against arrogant powers and we offer them our experiences to defend their people.”-Major General Mohammad-Ali Jafari, Commander of the Islamic Revolution Guards Corps

What the IRCG general is saying is that Iran is helping the Gazans, but not by giving them the actual Fajr-5 MLRS (Multiple Launching Rocket System, Iranian news media incorrectly calls them ‘missiles’), but giving them the technological data to allow the Palestinians to build it for themselves.

The Fajr-5 launches an artillery rocket which supposedly has a range of 75 kilo-meters (47 miles).

Interesting, the Iranians are giving away their military technology (or selling it cheap with easy financing), while the U.S. and other western countries demand top dollar for theirs.  If this war was rated by how economically efficient the combatants are then clearly the Palestinians are the victors.

Hamas Political Bureau Chief, Khaled Meshaal, thanked Iran for not only the technological help, but for the financing as well.

Business/Economics, International, U.S.

What Economic Recovery? Mitt Romney’s Staples begins shuttering stores in Merry Olde England

“In September, Staples announced a strategic plan to accelerate growth and better serve the evolving needs of customers. As part of this plan, we are reshaping our business in the U.K. to serve customers who increasingly shop with us online. We are actively working to support associates through this period of change.”-Staples response to questions about the store closings

21 November 2012, a couple of months ago Staples officials announced plans to shut down or downsize more than a hundred stores around the world.

It’s been revealed that a store in Barnstaple at Roundswell will close after Xmas.  It’s one of 23 Staples stores in the United Kingdom to be closed.

Staples has been touted as the wunderkind of vulture crony capitalist Mitt Romney.

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

Corporate Incompetence & What Economic Recovery? HP suffers huge losses, blames their own take over of Autonomy! Former Autonomy exec says HP’s Whitman is a Liar!

“The former management team of Autonomy was shocked to see this statement today, and flatly rejects these allegations, which are false.  It took 10 years to build Autonomy’s industry leading technology, and it is sad to see how it has been mismanaged since its acquisition by HP.”-Mike Lynch, former CEO of Autonomy

21 November 2012, that’s the response to Hewlett Packard’s Meg Whitman accusations that Autonomy tricked the struggling computer and printer maker into buying them in 2011 (Whitman was not running HP at that time).

Whitman is blaming a surprise 3rd quarter net loss of $6.9 billion(!) USD on the Autonomy purchase.  Compare that to same time last year when HP reported a $200 million profit.

The takeover of Autonomy was led by Leo Apotheker, who resigned as HP’s CEO a month later.

Whitman now says Autonomy officials used accounting tricks to hide gross “irregularities”.  But here’s the problem; HP hired an independent auditor to go over Autonomy’s books, then hired another auditor to verify the first auditor’s conclusions.  They both said the books were good to go!

Here’s another problem; the current board of directors for HP is still made up of almost every director that was involved in the Autonomy takeover.

Former Autonomy CEO, Mike Lynch, says HP is using the company he created as a scapegoat, to cover up other losses due to HP’s mismanagement.

HP also reported that almost all areas of their operation experienced drops in sales during their 3rd quarter, except for software which increased (and that included software from Autonomy).

Meg Whitman said 2013 is not going to be a good year: “Fiscal 2013 is going to be a fix-and-rebuild year for the company as critical changes to organizational structure take hold. We expect the underlying macro and industry head winds to continue as we enter 2013.”

International, U.S.

World War 3: U.S. occupation of Afghanistan; 16 – 19 November 2012. U.S. imprisoning people proven inoccent in court! Japan involved in corruption? James Bond loves the war on Muslims? Iran executes 13 Afghans! Afganistan condemns Israel! Cops rob bank!

19 November 2012

President Hamid Karzai continues to condemn the United States for not handing over total control of Bagram Prison.  The handover was supposed to have taken place months ago, and even U.S. media outlets claimed it happened.  Karzai, along with human rights groups, say the U.S. is not only still in control of prisoners, but they are even holding people proven innocent in court: “…reports by the Attorney General and the Military Police Commander, where it said that even prisoners who were presumed innocent by the court are still being held. In addition, there are people who, against the provisions of the MoU already signed, are newly imprisoned by the American forces.”-Afghan Presidential office statement

The office of Attorney General announced an investigation into corruption at the Afghan Embassy in Japan.  It involves $9 million USD spent on the renovation of the embassy building.  The $9 million was on top of the $5 million that was originally spent.

In Helmand Province, at Camp Bastion James Bond actor Daniel Craig made an appearance for the showing of the latest 007 movie, Sky Fall.

18 November 2012

ISAF said: “An International Security Assistance Force service member died following an improvised explosive device attack in southern Afghanistan today.”

In Kandahar Province, a local cop from from Maiwand district joined the Mujahideen.

In Ghazni Province, local cops say the Mujahideen assassinated a man accused of spying for the government. However, witnesses from Laghwat village say the man was really killed during a firefight between Mujahideen and local cops.

Afghans buried the remains of 13 Afghan teenagers, executed by Iran.  Iranian officials say they caught the teenagers smuggling drugs into Iran, which is punishable by death.  Afghan officials say the teenagers went to Iran to look for work.

17 November 2012

President Karzai condemned Israel’s latest assaults on the open air concentration camp known as Gaza.

Afghan high peace council chief, Salahuddin Rabbani, said no peace without prisoner release.  He is referring to Mujahideen being held in Pakistani prisons.

In Nuristan Province, the Afghanistan Central Bank was robbed of approximately $192,000 USD.  It was three local cops who did it!  Two of the cops were arrested, the other is on the lose.

Ooops! Mujahideen accidentally revealed about 500 email address of people who’re in contact with them.  It includes government and social leaders, and even journalists: “Taliban have included all four of my email addresses on the leaked distribution list of 500 email addresses. Quite reassuring to my safety.”-Mustafa Kazemi, journalist

16 November 2012

ISAF said: “Two International Security Assistance Force service members died following an improvised explosive device attack in eastern Afghanistan today.”

In Farah Province, 17 people were killed when their mini bus ran over a landmine.

In Kandahar Province, Panjwai district, several landmines went off.  In one case a 15 years old boy drove over a landmine causing him to lose a leg and hand.  In another case, Afghan National Army soldier was wounded after driving over a landmine, and two local cops were killed, one wounded, after they drove over a landmine.

USMC General Joseph Dunford said U.S. personnel could remain in Afghanistan despite Obama’s claim to pull out troops by the end of 2014.  Dunford is being considered by U.S. Congress to replace USMC General John Allen in Afghanistan.  Dunford refused to tell Congress the exact numbers of personnel and equipment that will remain in Afghanistan after 2014.

In Badakhshan Province, Mujahideen went on the offensive, killing at least 12 cops in several separate attacks.  They also managed to capture about 16 policemen.

There were no updates to the Battle for Char Chino.

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

Class Warfare! Average Californian justified in voting for higher taxes for wealthy. Golden State has highest number of poor AND highest number of rich! Just ask the Chinese

“They will keep struggling until the economy levels off. This is just a reflection of the bad economic situation we’re living in with high unemployment and lower income.”-Maria Pia Chaparro, UCLA researcher

20 November 2012, according to reports from Rhodium Group, and Asia Society, California is now the top U.S. state for investments from Chinese investors, accounting for at least 25% of all Chinese investments (more than New York, Texas, Illinois and North Carolina combined).

In the past 12 years China has invested $1.2 billion USD into California.  According to Rhodium Group, that’s expected to rise as high as $60 billion in the next eight years! Yet, for all the money China is throwing at the Golden State, the U.S. Census Bureau (The Research SUPPLEMENTAL POVERTY MEASURE: 2011) says California now has the highest rate of poverty in the United States; 23.5%, or one in four Californians in poverty!  (Florida is second worst with 19.5%)

“We’re seeing a very slow recovery, with increases in poverty among workers due to more new jobs which are low wage…..California is struggling more because it’s relatively harder there to qualify for food stamps and other benefits.”-Timothy Smeeding, University of Wisconsin-Madison economist

The Census Bureau is using new poverty measures which finally take into account the cost of living (even including the taxes you pay), and California’s outrageous cost of living/taxation is the prime reason for the huge jump in official federal government poverty ratings.  (I used to live there, and between the cost of living/taxation and overwhelming number of ludicrous laws I am amazed the people haven’t held a full blown revolution. No problem going on the rampage after the Rodney King verdict, but when it comes to the economy and their livelihoods I guess they like being raped by the Man)

But other reports say that while more and more working class Californians are hitting the skids, the rich elites are not only still making money, they’re making more and more money!  Evidence of that is how much money rich Californians gave to political campaigns: “It’s very hard to pass an initiative, but it’s not that hard to defeat an initiative if you have money on your side.”-Kim Alexander, California Voter Foundation

According to MapLight rich Californians gave an estimated $350 million to support, or fight, the 11 propositions Californians just voted on.  And that’s got to be lowballed, because, according to the Associated Press, just two rich Californians spent nearly $100 million trying to influence the voters on such things as higher taxes on out of state companies and making it easier for insurance companies to change their rates.

But while rich Californians are willing to spend money on elections, they don’t seem willing to spend money on bettering the economy. Back to the Chinese investors.

According to Chinese media reports, continued Chinese investing hinges on the U.S. Congress’s recent extension of the EB-5 visa program: “Under EB-5, an applicant is given permanent U.S. residency if his investment of at least $1 million leads to 10 full-time jobs within two years. The threshold is just $500,000 if the jobs created are in a rural or high unemployment area of the U.S.”-China Daily

This means that Chinese investing also involves people from China being able to move to the United States, as one California mayor admitted: “This can guarantee a steady rate of return for stimulating purchases of bonds (for publicly funded development projects), and people are able to immigrate because of EB-5, so you’ll see more of this in California.”-Jean Quan, mayor of Oakland

The Oakland mayor said that Chinese middle and upper income earners want to take advantage of the EB-5 program, as did Oakland businessman, Tom Henderson, who said his Chinese clients want to move to California through the EB-5 program which will help create new jobs:  “We are bringing in $100 million to Oakland alone. Over the next 18 months, we’ll create 2,000 jobs in Oakland through the EB-5 program.”

The fact that California’s officials are putting so much of their hopes on China to save them economically, and that the U.S. rich have money but are spending it on things that do not stimulate the economy (California is considered the billionaire capitol of the world!), is proof that the elitist rich in the United States are unAmerican and a threat to U.S. National Security.