Tag Archives: economy

Fukushima

Government & Corporate Incompetence: More radiation in Yokohama, this time school lunches!

Shiitake mushrooms used in school lunches have tested positive for 350 becquerels per kilogram of radioactive cesium.  That’s below the government limit of 500 becquerels, but Yokohama school officials are getting rid of them anyway.

Yokohama is about 250 kilometers (155 miles) from the damaged Fukushima Daiichi nuclear plant.

At a Ibaraki Prefecture mushroom farm, 830 becquerels per kilogram of radioactive cesium were found on the mushrooms there.  The farm is about 170 km (106 miles) from the damaged Fukushima Daiichi nuclear plant.

Earlier in the week mushrooms in Chiba Prefecture were found to be contaminated with cesium, higher then the government safe limits.  Clearly, after almost seven months, radiation is still spreading from the Fukushima Daiichi nuclear plant.

Business/Economics, U.S.

Occupy America! Wall Street protestors refuse to leave Zuccotti Park, clean park themselves

“Seems likely that this is their attempt to shut down OWS for good. We know where the real dirt is: on Wall Street … We won’t allow Bloomberg and the NYPD to foreclose our occupation. This is an occupation, not a permitted picnic…”-OWS statement

“The cleanup is a pretext to remove us from the camp. And we can return only if we abide by the rules of Brookfield Properties.”-Justin Wedes, protestor

As a challenge to Mayor Bloomberg’s threat to use police to clear the protestors, ostensibly to clean the park, the OWS participants have begun cleaning up the park themselves.

 

Business/Economics, U.S.

What Economic Recovery? Economists say U.S. income to stagnate for at least 10 more years, young generations to struggle more than their parents

“People know that there is no real out. The children of the current adults are looking and realizing they are not likely to have as good a life as their parents. And their parents are distressed because they realize it’s true!”-Jeff Gates, former counsel to the U.S. Senate Committee on Finance

In an interview with Iranian media, former adviser to the U.S. Senate Committee on Finance, Jeff Gates, said there is no short term hope for the U.S. economy.  Gates joins a growing number of experts who’re doubting that any recovery will happen soon.  They’re also justifying the anger of the Occupy protests spreading across the United States.

Gates says the Occupy Wall Street movement is justified because as much as two thirds of the money being made in the U.S. is by Wall Street (stock markets, finance markets), not by main street!

Also, in a Wall Street Journal survey of 50 economists, the majority say not only have most incomes dropped after 2000, but they will not go back up to pre-2000 levels for at least ten more years!

“Standards of living in the U.S. will continue to decline as we de-leverage and emerging markets take over as the growth engine of the global economy.”-Julia Coronado, BNP Paribas.

What Julia Coronado is saying is that the United States is no longer the world economic leader, not even a driving force. This is more proof that China does not need the U.S. for it’s economic growth.

Economists say the average U.S. income fell 7% after 2000, but will grow by only 5% by 2021.  The Wall Street Journal article also warns college graduates, and current college students: The only way you might make more money is to get at least a Masters degree, and work all the time (no free/family time)!  With the cost of college, it’s just another reason why college ain’t worth it anymore.

 

Business/Economics, International, U.S.

World War 3: Canada being urged to arrest George Bush Jr

“Canada is required by its international obligations to arrest and prosecute former president Bush given his responsibility for crimes under international law including torture.  As the U.S. authorities have, so far, failed to bring former president Bush to justice, the international community must step in.  A failure by Canada to take action during his visit would violate the UN Convention against Torture and demonstrate contempt for fundamental human rights.”-Amnesty International

Bush Jr is expected to attend an economic summit in Surrey, Canada, on October 20.

Business/Economics, International, U.S.

What Economic Recovery? Overwhelming majority of people say the U.S. is doomed, Congress blocks Jobs Bill, Nobel Prize winning economists say we are screwed

On the night of October 11, the U.S. Senate blocked President Obama’s proposed Jobs creation bill.

In the latest Wall Street Journal/NBC News poll, 74% of people says the United States is going in the wrong direction.  32% said the economy will get worse.  45% said it will stay the same.

On October 11, the CBS Early Show interviewed two Noble prize winning U.S. economists.  They asked them what could be done to give the U.S. economy “a boost”.  There was a long pause before one tried to give an answer: “Ah, that’s a very difficult question to answer. There’s a lot of uncertainty now, both in Europe and the United States, about what future government policy is going to be. Um, and probably the best thing politicians can do is, um, quickly reach compromises, um, and have coherent plans going forward…”-Thomas Sergant, Nobel winning economist

Basically he said it’s completely, totally, up to our government!  Can you say we’re screwed?

The other Nobel prize winning economist, Christopher Sims, basically blamed the whole situation on the government.  Watch the CBS interview.

Business/Economics, International, U.S.

Occupy America! Protests to hit college campuses, janitors and security guards join Wall Street protest

October 13, there are protests planned for at least 90 college campuses across the United States today.

Also today, hundreds of janitors and security guards have joined the Wall Street protests in New York City.

Across the world, there have been anti-government, anti-corruption and anti-corporation protests in about 1,400 cities, so far.

The latest Reuters/Ipsos poll shows that 82% of U.S. citizens are aware of the Occupy movement, and 38% support it.  35% are unsure, with only 24% opposed.

 

Business/Economics, U.S.

Occupy America! New York City mayor orders Wall Street protestors out, so the park can be cleaned. War veterans arrested. JP Morgan buys off NYPD

October 13, Reports out of New York City say that the mayor has ordered protestors out, so that city workers can clean Zucotti park.

Protestors will hold a meeting soon, to decide how they will respond.

Several War on Terror veterans were arrested, one a former U.S. Army interrogator in Iraq.  At least eleven protestors in San Francisco, California, were arrested on Wednesday.  They had blocked access to the Wells Fargo headquarters.

On Tuesday, about 200 protestors were arrested in Boston, Massachusetts, and about 27 in Chicago, Illinois.

A former equities broker says James Dimon, CEO of JP Morgan Chase & Company, gave the New York City police millions of dollars to fight the protestors: “…$4.6 million to the New York Police Department to beef up police presence on the streets and to crack heads and to violently oppress protesters.”-Max Keiser, former equities broker

In the past Keiser called JP Morgan “…the biggest financial terrorist on Wall Street.”

 

 

Business/Economics, International, U.S.

What Economic Recovery? Japanese fleeing to United States, China and Australia, in the millions

The number of Japanese leaving their country, in one year, has hit a record 1.1 million.  That’s according to the Japanese Foreign Ministry, which counted the number of Japanese who’ve officially become permanent residents of foreign countries.

The country of choice for most Japanese expatriates is the United States, with more than 388,000 becoming residents as of the end of 2010.

China is next with about 131,000, and Australia with about 70,800. The top three countries have remained unchanged since 2008.

Within the U.S., Los Angeles is the number one destination followed by New York City.

Business/Economics, International

What Economic Recovery? Nearly 400 Japanese companies out of business since March

Blaming the March 11 disasters, credit research firm Teikoku Databank says at least 373 companies have collapsed since then.

Construction firms topped the list with 63 bankruptcies (despite reconstruction opportunities), followed by hotels and inns with 32 (despite people who’ve lost their homes and need a place to stay) and clothing companies with 23 (despite people who’ve lost all their clothes in the tsunami).

Even companies far away from the disaster areas have failed.  More business failures are expected, because there are 2,500 companies who say they are still unable to resume operations!

Fukushima

Government & Corporate Incompetence: Radioactive Strontium found on Yokohama roof tops!

Yokohama City officials are testing their soil for strontium, after a private testing firm said they found high levels of strontium on some roof tops.

The company said they detected 195 becquerels of strontium per kilogram, more than six times the government safety limit.  Yokohama has already suffered cesium levels at 80 times the government limits.

Yokohama is about 250 kilometers (155 miles) from the damaged Fukushima Daiichi nuclear plant.