Tag Archives: economy

Fukushima

Pale Green Horse & Fukushima: Almost half of population exposed to execesive radiation levels! Woman contaminated with 23 years worth of radiation in just 1 year!

20 February 2012, Japan’s Fukushima Prefecture released the results of their own radiation contamination study.  The study did not include people working at nuclear plants, or other employment where contact with radiation is part of the job.

42% of the people living in Fukushima Prefecture have been exposed to more radiation than the official safe limit. The safe limit is one millisievert per year.

The radiation is coming from the damaged General Electric designed Fukushima Daiichi nuclear plant.

At least 71 people have been exposed to 10 millisieverts (or ten years worth of radiation), and one woman has been exposed to 23 millisieverts (or 23 years worth of radiation)!

The study is still ongoing as Fukushima prefectural officials have not been able to screen everyone, and the Fukushima Daiichi reactors are still spewing radiation.

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.

Business/Economics, International, U.S.

What Economic Recovery? China tells U.S. to back off trade war, dumps more U.S. government Bonds! More proof that China does not need the U.S. market!

Despite rosy depictions, by the U.S. mainstream media, of the Vice President of China’s visit to the United States, things are not warm and fuzzy!

Vice President Xi Jinping, recently restated demands from China, that the United States end economic restrictions against China: “It is very important when addressing the China-U.S. trade imbalance that the United States adjusts its economic policies and structure, including removing various restrictions on exports to China, in particular, (and) easing controls on civilian high-tech exports to China as soon as possible.”

China’s restatement of such demands comes as reports revealed that China dumped another $3.19 billion in U.S. Treasury bonds, back in December 2011.

In total, for all of 2011 China sold off $59.4 billion in U.S. Treasuries.  But China still holds a lot of U.S. bonds; $1.10 trillion as of December 2011.

This means China has a lot of room to maneuver, when it comes to monetary action.  Some analysts say China is dumping U.S. bonds in order to provide cash to help the European economy, and because the U.S. dollar just isn’t a safe haven anymore: “The overall movement away from the U.S. dollar indicates that people are not looking for a ‘safe haven’ as much as they were in late 2011, when the markets globally fell hard on concerns about the situation in Europe. The Chinese are boosting their purchases of European and other bonds because of the need to help stabilize those economies around the world that are major markets for Chinese goods [this also indicates that the U.S. is no longer a major market for the Chinese].”-David Riedel, Riedel Research Group

Business/Economics, International, U.S.

World War 3 & Government Incompetence: Iran shuts down global Steel industries, blame the United States, Russians pissed off. “Iran is King”

“Iran is the only market in the world that can move billet prices and now trading has basically come to a halt.”-unnamed British steel trader

Not only is the U.S. oil sanctions on Iran backfiring, but so are U.S. sanctions on steel sold to Iran!

“Now you can really feel the effects of the sanctions imposed by the U.S. and Europe…It is very difficult to do any business with Iran at the moment.”-unnamed Swiss steel trader

U.S. and European sanctions might have stopped the sale of steel to Iran, but it’s also shutting down U.S. and European steel makers!  Why?  Iran is the biggest buyer of steel billet, and with the biggest buyer of steel out of the game steel prices are dropping like a rock!!!   (unlike oil, where everyone is trying to get their hands on it, thus causing oil prices to go up)

Russia is upset because they supply much of the steel Iran uses (Iran buys 15% of the steel exported by Russia): “Russian producers are not selling to Iran as they need pre-payments and won’t accept letters of credit. If I find a way to do that I won’t tell you. Iran is the king market in steel and if we can find a way to trade with them again we certainly would not share the know-how.”-unnamed Swiss steel trader dealing in Russian steel

Unlike the oil market, where Iran has established a successful trade system that avoids the U.S. dollar and U.S. & U.K. banks, the global steel market is still dominated by U.S. & British banks.  But some Russian’s are hopeful they’ll find a way ’round it: “Steel demand is pretty strong, the problem is the banking system. Russian banks do not have trading lines with Iranian banks to facilitate ruble transactions.”-Dmitry Smolin, URALSIB Capital

 

Business/Economics, U.S.

What Economic Recovery, Corporate Lies & Proof Class War being waged against Working Class: Sears laysoff 100 employees, after taking $150 million tax break, more layoffs to come

February 16, 2012, Sears announced layoffs of 100 of its employees at its Illinois headquarters.  Some Illinois politicians say the state was blackmailed into giving Sears a $150 million tax break, and that even more Sears layoffs are in the works.

Sears told Illinois lawmakers that if it didn’t get the tax break it would move its headquarters out of state.  The implication was that if Illinois didn’t want a lot more unemployed people they better do what Sears wants.  Well, Illinois is getting more unemployed anyway!

And here’s how even more people will be laid off.  The tax break requires Sears to maintain 4,250 employees at its headquarters (aka Hoffman Estates).  Yet, even with the 100 announced layoffs, Sears has more than 6,100 employees at the site.  That means close to 2,000 people could still lose their jobs as part of the $150 million tax break!

 

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

Ron Paul says the United States becoming the Italo-Fascist state of the 21st Century, would make Mussolini proud. Paul gains yet another victory.

“We’ve slipped away from a true republic. Now we’re slipping into a fascist system where it’s a combination of government, big business and authoritarian rule, and the suppression of the individual rights of each and every American citizen.”-Ron Paul, congressman from Texas

While speaking in Kansas City, Missouri, Ron Paul renewed a warning issued by President Dwight Eisenhower, who said “This conjunction of an immense military establishment and a large arms industry is new in the American experience. The total influence — economic, political, even spiritual — is felt in every city, every State house, every office of the Federal government. We recognize the imperative need for this development. Yet we must not fail to comprehend its grave implications. Our toil, resources and livelihood are all involved; so is the very structure of our society. ”  Eisenhower’s 1961 speech warned about Italo-style Fascism taking over all aspects of U.S. civilization (you should read the prophetic speech).

Also, while attending a rally in Boise, Idaho, on February 18, Ron Paul won a county caucus, in Maine.  Washington County, Maine, selected Paul over Mitt Romney and Rick Santorum.  The caucus had been delayed by weather.

But Ron Paul is actually winning big despite being ignored by the main stream media.  Paul has gained more delegates than Romney or Santorum: “The bottom line is who is going to get the delegates and we think we’re doing pretty good, and it seems like our momentum is picking up. I’m actually shocked at the tremendous turnouts that we’ve had. We’ve been out on the road and we’ve had eight functions here in the last three days. We’ve had 14,000 people turn out. And the enthusiasm seems to be growing.”-Ron Paul on State of the Union with Candy Crowley.

Business/Economics, International, U.S.

World War 3: Iran cuts off oil supplies for two European countries, oil already more than $120 per barrel

February 19, 2012, Iran has officially shut off oil supplies to oil companies from United Kingdom and France!

“We have our own oil customers and replacements for these companies have already been chosen, and we will sell the crude oil to new customers instead of the British and French companies.”-Alireza Nikzad-Rahbar, Iranian Oil Ministry

However, Britain and France are not major European buyers of Iranian oil (Italy is).  About 3% of oil bought by France comes from Iran, and only 1% makes up Britain’s oil use.

Iran’s move to block oil shipments to Europe came after Europe joined the U.S. in imposing an oil embargo.  Iranian officials have repeatedly said that it’s Western countries that will be hurt most from a loss of Iranian oil.

In some countries the price of a barrel of oil has already gone over $120.00.

Business/Economics, Idaho, U.S.

U.S. Media & Politicians mislead when they call unemployment help “benefits”! Congress reduces unemployment help. It’s a joke anyway ’cause each state handles unemployment their own way! Employers using tricks to get out of unemployment pay outs!

First off, having had to deal with so called unemployment “benefits” myself, I can say without a doubt that they are no “benefit”.  You get piddly squat compared to what you were making when you had a job, and, as in the state of Idaho, they impose unrealistic “qualifications” and “standards” for you to continue getting them!!!

Now the Republican dominated U.S. Congress has agreed to reduce what people lucky enough, or who can put up with the qualification game, will get.

Congress had extended unemployment help to a maximum of 99 weeks (and by the way many states did not adopt that policy), now beginning September 2012 that help will be cut back to 73 weeks.

Idaho Department of Labor office, Pocatello, Southeastern region of Idaho

By the way, in the state of Idaho employers pay into the unemployment fund, not employees and not individual taxpayers.  But, Idaho kicks back a refund to employers for having little or no unemployment claims made against them.  The employees who handle unemployment claims are actually paid by the employers who pay into the fund.  A now retired Idaho Job Service (aka Idaho Department of Labor) employee, who worked the Pocatello office handling veterans affairs, and the accounting for kicking back money to employers, once confessed to me (in 2000) that it was in their interest to deny as many claims as possible, since their true employer was not the state but big businesses operating in Idaho!!!

Here’s a trick employers in Idaho use to get out of paying unemployment (it’s happened to me and several other people I know).  Employers will tell you there is no work today, or that work is being cut back and they will call you when they need you.  Of course, after weeks of no work you start looking for new work.  When you apply for unemployment the company you were working for claims you are still employed, but that you hadn’t shown up and they assumed you quit!

In another case I heard about, an guy was working for a national chain home improvement store, and he was told that work schedules were being changed and not to come in until they called with his new schedule.  A week went by, he called and they told him the same thing.  Several weeks went by and he was told the same thing again.  Turns out there wasn’t any actual work schedule change, but if he tried to apply for unemployment the company could legitimately say that the guy “just stopped coming to work”, it would be his word against theirs.

And since the Idaho unemployment system is actually run by employers, guess who wins (unless your wealthy enough to hire a lawyer, which most people aren’t).

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

What Economic Recovery? 4,000 people stranded when Australian airline is suddenly deleveraged by too big too fail creditors

The latest corporation to become a victim of global deleveraging, is Air Australia.

Deleveraging is when the too big too fail banks take away your line of credit, and demand full, and instant payment of all debts.  Here in Idaho Wells Fargo Bank deleveraged several businesses in the past few years, including a Pontiac dealer in Idaho Falls, and several Sportsman Warehouse stores (owners of both businesses say they were not in financial trouble).

On February 17 (Australia time), 2012, the executives of Air Australia were suddenly told their line of credit had been suspended.  The result was that Air Australia could not buy fuel for use on flights where passengers were about to board, or planes were waiting to take off.  That has left at least 4,000 people stranded!  Another 10,000, who bought tickets for future flights, will not get their money back.

Air Australia has been losing money, especially after it lost a 90 million Australian dollars contract with the Australian Department of Defense.

It looks like the Australian airline industry is run the way the U.S. airline industry is, and that has some people calling for an investigation: “It does say something about…the fact the aviation industry should be properly investigated in this country.”-Tony Sheldon, Transport Workers Union

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

Mazda builds clean burning Diesel powered CX-5 Crossover, better MPG than Hybrid SUVs. Don’t expect it for sale in NAZI environmentalist U.S.A.

Mazda has introduced a new clean burning diesel powered Crossover Utility Vehicle.  It’s powered by a 2.2 liter diesel, and gets 46 miles per gallon on the highway.  That’s better than current hybrid SUVs.

The new Mazda diesel CUV is smaller than most SUVs. It’s based on the Minagi concept crossover, and is also known as the CX-5.

Don’t look for it in the United States though, Mazda plans on selling it in Japan and Europe only (due to the unfriendly attitude towards diesel powered cars under U.S. emission laws, and the stigma many people in the U.S. still have about diesels).

Business/Economics, International, U.S.

Israel demands that Japan stop buying Iranian oil, Japan tells Israel to back off!

Israel’s Defense Minister, Ehud Barak, demanded, on Japanese TV, that Japan cut back on oil imports from Iran.  He’s in Japan on a five day visit.

Japanese officials fired backed, basically telling Israel to back off.  Japan’s Foreign Minister, Koichiro Gemba, told Ehud Barak that Israel needed to handle Iran’s nuclear issue calmly.

Gemba also told Barak that military options could lead to Arab countries finally uniting against the Zionist state.

Japan’s Prime Minister, Yoshihiko Noda, made similar statements.