Tag Archives: economy

Business/Economics, International

What Economic Recovery? China economic data down for 4th straight month, inflation to blame, again

August 1, the China Federation of Logistics and Purchasing says purchases of manufactured products is down for the 4th month in a row.

The main reason is the continuing inflation in prices of basic resources, which is causing prices for manufactured goods to go up.   Despite efforts by the Chinese government to control inflation, the inflation rate is exceeding their expectations.

Currently the purchase of manufactured goods (PMI) is stagnating at 50.7.  Anything below 50 is bad.  In previous years China’s PMI was well above 50, but this year it’s been falling.


Fukushima

Farmer Incompetence: Japanese planted rice in radioactive fields

In several postings (back in March) I warned that Japanese farmers should not plant their crops because of the radiation contamination…they planted their crops anyway, now it’s a mess.

Prefectural governments, and the national government of Japan, are now telling farmers not to ship their upcoming rice harvest, because of cesium contamination.

It’s not just rice that’s contaminated.  For months now tea crops have been coming up with radiation, and what’s amazing is that the Japanese tea industry has spent money promoting their tea around the world, even holding tea drinking demonstrations.  Many vegetables are contaminated, and even compost is proving to be contaminated.  And, they’re still dealing with the massive beef cesium contamination.

Did anybody learn anything from Chernobyl?

Fukushima

Corporate Incompetence: TEPCo announces reduction in contamination, then finds more contamination!

01 August 2011, Tokyo Electric Power Company announced a drop in cesium and iodine flooding into the Pacific Ocean, from Fukushima Daiichi.

TEPCo claims cesium 134 and 137, in water leaking from reactor 3, have remained steady since Friday.  Iodine 131, in water leaking from reactor 2, has stopped.

At the height of contaminated water emission, cesium 134 hit 20,000 becquerels per cubic centimeter, while cesium 137 was 17 times the official safe limit.

Iodine 131, from reactor 2, had hit 7.5 million times the official safe limit.

But along with TEPCo’s announcment that radioactive water was dropping, they discovered a building flooded with highly radioactive water.

A storage building was found to be flooded with 700 tons of water.  That water contains 19,000 becquerels of cesium 134 per cubic centimeter, and 22,000 becquerels of cesium 137.  And, not surprisingly, TEPCo officials say they’re trying to figure out where it came from.

Business/Economics, Opinion, U.S.

What Economic Recovery? U.S. GDP continues to stagnate, leaders continue to sell it as “growth”

U.S. GDP for the second quarter of 2011 is stagnating at 1.3%.   U.S. leaders and main stream media continue to call it “growth”.  What’s really sad is that the “experts” expected the GDP to be higher.

On top of that, the first quarter results were revised, no surprise, downward from 1.9% to 0.4%!  It’s amazing how for the past few years economic reports have been revised downward a month or more after they’ve been released.  So is the second quarter GDP of 1.3% going to be revised downward?  I wouldn’t be surprised if it’s revised downward to a negative percent.

 

 

Business/Economics, International

What Economic Recovery? British Prime Minister claims 0.2% GDP is positive growth

The United Kingdom is reporting 0.2% GDP for the last quarter, many officials calling it a sign of economic “growth”.  Prime Minister David Cameron calls it “positive news” for the U.K.

0.2% is not “growth”!  It’s stagnation!  Anything from zero to 3% is stagnation.  The U.S. and U.K. mainstream media, and politicians, keep trying to trick people into thinking that proof of economic stagnation is really economic “growth”.

A country needs to see more than 3% GDP (over so many quarters) before it can be called “growth”.   If David Cameron thinks 0.2% is so great then we’re really in trouble!

Fukushima

Corporate Incompetence: TEPCo still doesn’t trust their radiation contamination numbers, 1 Billion Becquerels per hour!!!

As more proof of massive contamination of Japan is revealed by contaminated animals and waste sludge, Tokyo Electric Power Company announced they will start using a new way of monitoring radiation in the air coming out of Fukushima Daiichi nuke plant.

Apparently TEPCo has never trusted their own measurements of airborne radiation coming out of the Fukushima reactors.  Maybe they just can’t believe the high readings they’re getting?  TEPCo’s own measurements show that up to one billion becquerels of radioactive substances are being released every hour!!!  That’s measured from outside reactors 1, 2 and 3.  Now TEPCo will take air samples from inside the reactor buildings.

They will set up an air circulation system that pipes air to monitors on the first floor of every reactor building.  Isn’t the spreading, and increasing cesium contamination throughout Japan enough proof for these guys?

 

Fukushima

Japanese Nuclear Holocaust: Cesium levels skyrocketing, one city alone has 89,000 Becquerels of contamination!

Back in May I posted how “mysterious” levels of radiation were showing up all over Japan, in sewage treatment centers, and trash burning centers.  The situation has gotten incredibly worse, and is clear evidence that Fukushima Daiichi is spewing massive amounts of cesium.

All over Japan water treatment centers, and trash burning centers, are reporting that their waste sludge continues to be contaminated with cesium.  Not only that, but the levels are so high that they can not legally dispose of it.

At least 50,000 tons of waste sludge is contaminated with cesium, and 1,500 tons are so contaminated that it can’t be touched.  Those 1,500 tons contain at least 8,000 becquerels per kilogram of cesium.

But that’s not all.  A water treatment center in Koriyama City, Fukushima Prefecture, has 89,697 becquerels per kilogram of cesium in its waste sludge.  Remember the national safe limit for food is 500.

This is proof the damaged nuclear plant is spewing far more radiation that what people are being told.

Fukushima

Government Incompetence: More cesium cattle bans, 12 Prefectures asked to step up testing of cattle!

The government of Japan has already banned beef shipments from Fukushima and Miyagi Prefectures.  Now Iwate Prefecture is being considered for such a ban after cows there have been found contaminated with cesium.

At least 12 prefectures are voluntarily checking their own cows.  The national government is says it will cover the cost of the testing.  It is now believed that at least 3,000 contaminated cows made it to consumer markets.

It is becoming very clear that the damaged Fukushima Daiichi nuclear plant has been, and still is, spreading massive amounts of cesium across Japan.

Business/Economics, International, U.S.

No Economic Recovery for U.S.: Property owners put U.S. land up for auction in China, offers immigrant applications to high bidders

According to the Chinese media, 73 Chinese have won internet auctions for land in Florida.

United Solutions of America auctioned off land belonging to a bankrupt company in Florida.  The auction specifically targeted Chinese buyers, as it was a Chinese auction host, Zhuang Nuo, who ran the auction.

1,000 square kilometers of land was split into 100 sections.  Bidders were also enticed with 30 immigration applications if the total bids went over $200,000.

All 100 sections sold on July 22.  73 Chinese won the auctions, with one of them snatching up 20 of the 100 sections.

 

Business/Economics, International, U.S.

No Economic Recovery for U.S.: Nissan boosting production…in China

Nissan is going to invest $7.7 billion into the world’s largest car market…no not the United States…China!

Nissan entered into a joint venture with China’s Dongfeng Motor, and together they’re investing billions to boost car production in China.  They expect to produce 2.3 million vehicles per year by 2015.

Nissan’s U.S. sales mirror that of Toyota, up at the beginning of the year, but down by the end of May.