Tag Archives: economy

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.

Business/Economics, International, U.S.

Majority of U.S. citizens say Corporate America is to blame for bad economy. The bell tolls for Bank of America and Fox News?

In the latest survey by Harris Interactive, 78% of people blame the bad economy on Corporate America (and Corporate Britain).

The annual Harris Interactive Reputation Quotient poll is a measure of how consumers view corporations.  So far the main stream media has only mentioned the good points of the poll, like Apple surging ahead of Google regarding a positive image among consumers.

What the main stream corporate controlled media isn’t reporting is that only 22% of those surveyed have a overall good impression of Corporate America!

Also, the survey is a warning sign for major banks.  According to reports, AIG, Goldman Sachs and Bank of America are on the Harris poll’s critical list, because they ranked as low as Enron, Adelphia and WorldCom, right before those later companies went out of business.

Other companies that scored poorly were BP (British Petroleum), JPMorgan Chase, Citigroup and News Corp (owners of Fox News).

 

Business/Economics, U.S.

United Corrupt Police States of America: It’s official, major U.S. cities, and their police departments, are rife with corruption!

The Chicago Tribune has published a report by the University of Illinois at Chicago, and the University of Illinois’ Institute of Government and Public Affairs.

That report says the public officials, including the police, of major cities in the United States are corrupt!  The study is based on federal court cases.

Percentage wise, Louisiana had the most corrupt officials.  Illinois, New York and Pennsylvania took the next three highest per capita positions for corruption.

When looking just at the number of cases, New York state was number one, followed by California and Illinois.

The study did not break down the types of corruption, but ‘public corruption’ includes bogus contracts, bribes, out right theft, ghost payrolling and police brutality.   Remember, the study is based on corruption cases that actually made it to federal court, so you can imagine just how corrupt your public officials really are!

 

Business/Economics, International, U.S.

What Economic Recovery? Italy becomes second European country to officially hit Double Dip Recession, blame increased budget cuts and unemployment

“The budget cuts are weighing it down…The conditions for a recovery in consumption are not there since unemployment hit a new record.”-Chiara Corsa, UniCredit bank

February 16, 2012, for the second month in a row, Italy’s economy shrank.  Two months in a row of contraction, that’s the official sign of recession.

Belgium was the first European country to officially go into a double dip recession. Interestingly this happened after they finally agreed to a new government, following more than a year without one.

 

 

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

Corporate Crime: 40 years later, two former executives found guilty of the deaths of 2,000 of their Italian employees! Social health care found them out!

“This is the biggest trial in the world, and in history, as far as safety at work is concerned.”-Raffaele Guariniello, prosecutor

In a precedent setting trial in Italy, two former executives of a company that made fiber cement (cement made with asbestos), were found guilty in the deaths of more than 2,000 of their employees!

Another 1,000 employees, and people who lived near the factories, are now ill.  The Italian Health Ministry investigated due to the high rate of health cases hitting their social health care system, that were directly linked to the fiber cement factories.  The investigation revealed that employees were not given even basic safety gear for use around asbestos.  Things like masks and goggles.

One of the former executives is Belgian baron Jean Louis Marie Ghislain De Cartier De Marchienne, the other is Swiss billionaire tycoon Stephan Schmidheiny.

In his defense, Jean Louis Marie Ghislain De Cartier De Marchienne sent a written statement saying that at the time it was not known how deadly asbestos could be.

The factories were closed in 1986, six years before asbestos was banned in Italy.

The two wealthy one percenters face 16 years in prison, if they’re ever caught.  They were convicted in absentia.