Tag Archives: economy

Business/Economics, Idaho

What Economic Recovery: Idaho unemployment edged up, still at 9.4%, almost no new jobs created in June

Even though Idaho’s unemployment rate is still 9.4% (for several months now) it actually edged up by 500 newly unemployed, for the month of June.

To make matters worse, the Idaho Department of Labor says most of the 15,000 people who found jobs in June, are filling existing positions.  In other words almost no new jobs were created.

Sadly the 15,000 who found work is the highest number since October 2010, yet still far below the average hirings before the 2007/8 credit crisis.

Idaho officials also said that 1,800 unemployed people stopped looking for work in June.

Fukushima

Corporate Incompetence: Major grocery store chain admits to selling cesium contaminated beef

Grocery chain operator Ito-Yokado says it sold over 2,600 kilograms (5,732 pounds) of beef contaminated with cesium.  The beef was sold at 94 outlets in Tokyo and several surrounding prefectures, as well as on the northern island of Hokkaido, between April and July.

Ito-Yokado is not the only store that has admitted to selling the contaminated beef.  Two other grocery/department store operators, Seiyu and Isetan Mitsukoshi Holdings, have admitted to selling the meat.

Consumers are being asked to bring the meat back, but many analysts think that too much time has gone by and that most of the beef has been eaten.

Fukushima

Government Incompetence: Cesium contaminated beef served to children at elementary schools

Japan’s Education Minister Yoshiaki Takaki is demanding action after it was discovered that three elementary schools served children beef contaminated with cesium.  The schools are located in Chiba, east of Tokyo.

Takaki has ordered local schools to check the source of the food they serve.

Fukushima

Government Incompetence: Professor demands that Japanese government check for cesium even hundreds of miles from Fukushima Daiichi!

22 July 2011, the Japanese government is only conducting radiation checks in the Fukushima area, but one professor says they need to check the whole of Japan.  Especially after it’s become clear that cows and cattle feed are contaminated with extremely high levels of cesium.

Niigata University Professor Nonaka Masanori, says radiation levels were never checked in farmland, especially those areas that produce rice straw for cattle feed.

Nonaka says the cesium is spread by snow and rain, which is being absorbed into the soil and taken up by plants.  The government needs to check for contamination no matter how far away from Fukushima Daiichi.

 

Fukushima

Corporate Incompetence: Electric power to damaged Fukushima Daiichi has been cut!

22 July 2011, Tokyo Electric Power Company says external power, needed to support efforts to control the damaged Fukushima Daiichi nuke plant, has been cut.

There was a sudden surge of electricity which tripped a breaker controlling power to reactors 3 and 4.  They are now using back up generators, and they are trying to find out why external electric power failed.

Business/Economics, U.S.

What Economic Recovery? Weekly first time unemployment claims go up, “experts” surprised (again), unemployment really at 20%

The U.S. Department of Labor reported that first time state unemployment claims jumped by 10,000, to 418,000.  The numbers are for the week ending July 16.

The previous week’s drop in first time claims is due to the shortened work week (July 4 holiday).  That means it’s very likely that the first week of July could have seen an increase in unemployment as well.

Once again, many “expert” employment annalists did not expect such a large increase in unemployment claims, for the week ending July 16.

The latest weekly first time unemployment claims numbers, continues a trend, now 15 weeks on.  15 weeks in a row that first time unemployment claims is above 400,000.

The current official unemployment rate is 9.2%.  If our government was using the same unemployment rating system that was used during the time Bill Clinton was President, then official unemployment would be at 20%!

 

 

Business/Economics, U.S.

Government Incompetence: U.S. taxpayers lose $1.3 billion to Chrysler

So what about all the noise about Chrysler supposedly paying off its bailout loan?  In the end the U.S. taxpayers lost $1.3 billion.

The pay off was in the form of stock buy back.  The United States government sold its remaining shares of Chrysler stock to Fiat.  The result was a net loss for U.S. taxpayers.  The U.S. Department of Treasury called it a “major accomplishment”!

Maybe if the federal government wasn’t so busy bailing out banks and corporations (along with its increasing war budget) it wouldn’t be in so much financial trouble right now.

 

Fukushima

Corporate Incompetence: Nearly 200 TEPCo workers missing, TEPCo made no effort to explain their whereabouts

For months now, Japanese Nuclear and Industrial Safety Agency has been demanding that Tokyo Electric Power Company improve working conditions for their employees, including contractors.  Officials have also been demanding to know why TEPCo is taking so long to get all the employees tested for radiation exposure (at least 1,500 are still awaiting tests).  Now it turns out that 198 newly hired employees are missing!

The Japanese government has given TEPCo until 29 July 2011 to get all workers tested for radiation.  The government is also demanding an explanation for the disappearance of 198 workers who were hired AFTER the 11 March disasters.

Earlier in the week TEPCo admitted that it could not find 132 employees, but after the Nuclear and Industrial Safety Agency investigated it turns out that 198 are missing.

Government officials are concerned that TEPCo’s lack of accounting for its employees is just par for the course; from day one of the nuclear disaster TEPCo officials have proven they have a lackadaisical attitude towards managing all aspects of running a nuclear plant.  (or maybe they’re what are called ‘ghost workers’, they never existed, they were created on paper to ripoff taxpayers)

Fukushima

Government Incompetence: Cesium contaminated cows hits 1400, Mother Earth helps spread the radiation!

Japanese officials now say at least 1,400 contaminated cows made it to consumer markets.  More and more rice hay is being found contaminated.

Rain and wind are helping to spread radiation, from the damaged Fukushima Daiichi nuclear plant, all over Japan.

The Japanese government is considering a beef buy back program, to help the stricken cattle industry.  No one in government ever considered the effects of radiation on cows, and now the Japanese cattle industry is crashing.

It’s now clear that no one in government was concerned about the effects that rain and wind would have, on spreading radiation across Japan.