Tag Archives: employment

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

What Economic Recovery? Good and Bad news for Idaho’s Hoku Materials

On March 22, 2012, Hoku Solar (a subsidiary of Hoku Corporation, in turn majority owned by China’s Tianwei New Energy) was selected to build a 7.2 megawatt solar farm in Kaua’i, Hawaii.

In December 2011, Hoku Solar actually delivered a 1.18 megawatt solar energy facility, the largest solar power plant in O’ahu, Hawaii.

After the announcement of the 7.2 megawatt solar farm contract, Hoku Corp stock went up 11%.

Now the bad news, another subsidiary of Hoku Corporation, Hoku Materials, is getting hit again by the construction contractor in charge of completing the southeastern Idaho polysilicon factory.

There are reports that once again Hoku has not fully paid its contractor JH Kelly.  This has happened before, and is part of the main cause for many construction delays in the past.  JH Kelly officials say they are taking “action” against Hoku.

Hoku Materials has also played the same game with electricity supplier Idaho Power.  Their latest battle was settled by an Idaho Public Utilities Commission (IPUC) decision.

According to an 15 March 2012 IPUC statement, Hoku got a new electricity contract which: “… reduces Hoku’s monthly minimum payment to about $800,000 for up to 18 months through June 2013.  To protect customers and the company from the lost revenue from the lower minimum payment, Hoku will reimburse the difference between the current and the revised minimum charge in payments spread through November 2014, plus 6 percent interest.  Hoku will also make an initial payment of $3.8 million, with $2 million of that coming from a $4 million deposit already provided by Hoku. The remaining $1.8 million will be paid over the next 18 months at $100,000 per month.  Hoku must give Idaho Power 30 days’ notice when it plans to exceed 10 MW and six-months’ notice when it plans to exceed 20 MW.”  

HOKU MATERIALS’ CUSTOMERS WHO ‘PREPAID’ ARE GETTING IMPATIENT!

Business/Economics, International

What Economic Recovery? Airline pilot? Need a job? Japan needs you!

In yet another sign of population exodus from Japan, the Japanese airline industry is suffering a shortage of airline pilots, and demands for flights are increasing.

As a result the Japanese Transport Ministry will allow planes to be flown by a pilot and a co-pilot who are both older than 60 years.

In 2004 Japan allowed commercial airline pilots to be older than 60 years of age, but co-pilots had to younger than 60.

It’s hoped by allowing older flight crews it will help the Japanese airline industry meet growing demand for flights.  But, if you can speak Japanese they’re hiring.

 

 

Business/Economics, International, U.S.

Government/Corporate Evil & Class Warfare: 12 Myths of Western Capitalist “Democracy”, if you’re a commoner your chances of success are as good as playing the lottery!

The following quotes were published on 7 January 2012, by Portuguese economist Guilherme Alves Coelho.

Myth 1: Under capitalism, anyone who works hard can become rich.

“In fact, the probability of success in the capitalist system for the average citizen is the same as you winning the lottery.”

Myth 2: Capitalism creates wealth and prosperity for all.

“The objective is to enable the employer to accumulate indefinite wealth without being asked how they did it. At the same time the hope is maintained that sooner or later workers will be rewarded for their work and dedication.” 

Myth 3: We are all in the same boat.

“The goal is to create a guilt complex for workers, allowing capitalists to increase revenues and pass their expenses onto the people.”

This is similar to Mitt Romney style vulture capitalism, in which “investors” like Romney used other people’s money to make profits.

Myth 4: Capitalism means freedom.

“The goal is to create something similar to a religion of capitalism, where everything is taken as blind faith, and deny people the right to participate in making macroeconomic decisions. The myth of the freedom to “negotiate” for your job being considered the ultimate freedom.”

Myth 5: Capitalism means democracy.

“This myth, which smoothly follows from the previous one, was created in order to prevent the discussion of other models of societies.”

Myth 6: Elections equal democracy.

“It’s actually the capitalist system, that manipulates and corrupts everything, that the vote is conditioned and elections are merely formal acts.  The simple fact of the bourgeois class minority always winning elections demonstrates it’s non-representative.”

Don’t forget, one of the main reason for the 1776 Revolution that created the United States was no representation in the British government!

Myth 7: Alternating parties in office is the same as having an alternative.

“It is intended to make people believe that the political parties that alternate periodically in power have alternative policies.  In fact this apparent multi-system or bi-partisan is a one-party system. Two or more factions of the same political organization, sharing the same capitalist policies alternate in power, simulating independent parties with alternative policies.”

Another way to say this is the Democrats and Republicans are two sides of the same coin.

Myth 8: The elected politician represents the people and can therefore decide for them.

“…once in power, the elected…Does not fulfill what he promised and what is even worse, put in place measures that were not talked about publicly before, often opposite what was promised and even unconstitutional.” 

“…being a major cause of the growing number of people who do not vote.”

Myth 9: There is no alternative to Capitalism.

“It is intended to make people believe that capitalism, though not perfect, is the only political/economic regime possible…The aim is to eliminate competition from other systems…using all means, including force…”

This is ironic considering the masses are always told that capitalism is about competition, or that competition is good.

Myth 10: Austerity cuts (severe and enforced economic deprivations) will save the economy and your job.

“It is intended to make people believe that the blame for the economic crisis is caused by the excess of benefits for workers….The aim is basically to transfer to the public, people in general and for workers specifically, the responsibility of paying the debts of the capitalists. Make people accept the plundering of their property in the belief that better days will come later. It is also intended to facilitate the privatization of public/government services….without mentioning that these were the most profitable sectors of the state, whose future earnings are lost as a result.”

Myth 11: Less government equals better government.

“It is intended to make people believe that the private sector manages the state better than the public sector.  The actual goal of capitalists is…to facilitate the takeover of functions and assets of profitable government operations.”

This is exactly what is going on with the U.S. Postal Service.  The USPS is not in trouble because they’re not making money, they’re in trouble because the U.S. Congress refuses to hand over the money the USPS has made from selling postal services (the money earned is actually controlled by Congress).  Remember the U.S. Congress is controlled by Corporate America.

Myth 12: The current crisis of Capitalism is short-term and will be resolved for the benefit of the people.

“It is intended to make people believe that the current economic and financial crisis is a normal cyclical crisis of capitalism, and not a systemic/intentional crisis.  The aim of the capitalists…is continuing to plunder and exploit the people while they can. It has also served for some politicians to remain in power, fueling hope among people that better days will come if they continue to vote for them…..what we see is the continuous deterioration of living standards of people without any hope of improvement.”

Guilherme Alves Coelho also warned that as Western style “democratic” capitalism continues to fail, the capitalist elites will force the working class to make more and more sacrifices.  Proof of this are the continuing and increasing austerity measures implemented by Greece, Italy, Spain, Portugal and United Kingdom, to name a few.  The austerity cuts have been taking place in the various states of the United States since 1999/2000, but they’re not called austerity, they’re called “reforms”, “improvements” and “cutting costs” supposedly to save taxpayer dollars (have they really saved taxpayers any money?).

This is clearly class warfare already being waged by the elites against the rest of us.  Coelho says we the People need to prepare for the final battle: “Today, more than ever, you need to create barriers to the final round of capitalist barbarism, reverse the situation, by presenting other political solutions, refusing the obscure statements of the elites by demanding clarification, and mobilizing and organizing the people.”

 

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

World War 3: UANI goes after Korean car maker, UANI formed in 2008 specifically to go after companies doing business with Iran

“UANI’s unprecedented success in pressuring multinational corporations to cease business in Iran has alerted the business community of the serious financial and reputational risks of doing business with the Iranian regime.”-UANI statement

April 5, 2012, South Korean car maker, Hyundai, succumbed to the attacks from United Against Nuclear Iran (UANI).

Hyundai will stop exporting cars to Iran, however such a move will only hurt Hyundai, by reducing overall sales.  Iran has several car makers who will benefit by lack of foreign competition.

Hyundai is refusing to comment on the situation.

This is not about current U.S. sanctions against Iran.  I’ve already written how U.S. Congress, and George Bush Jr created a law in 2000 that exempted U.S. corporations from existing, and future sanctions against Iran, and North Korea.

UANI was created in 2008, for the express purpose of going after corporations that do business with Iran.

UANI also proudly admits they are the ones behind much of the anti-Iran legislation coming out of Washington DC.

UANI is also the main “official” source of anti-Iran info being used by the U.S. media.

UANI also proudly admits they are the ones behind the nuclear weapons scare mongering rhetoric concerning Iran.

Want proof, just go to their website.  You can find it yourself.

Want’s interesting is that UANI is claiming to be doing these things in the name of preventing Iran from getting nuclear weapons, yet they are actually shutting down Western (European, Asian) competitors to U.S. corporations.  How does that prevent another country from getting nuclear weapons?

 

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

World War 3: UANI goes after yet another French car maker, as well as a Japanese car maker

After shutting down a Peugeot Citroën factory, United Against Nuclear Iran (UANI) is now going after Renault and Nissan.

On April 6, 2012, UANI sent a letter to Renault’s president.  As in its threatening letter to General Motors it is full of unsubstantiated claims against Iran: “Renault’s business dealings in Iran directly support the Iranian regime’s ability to develop its illegal nuclear weapons program, support its terrorist proxies and pursue a brutal campaign of repression against the Iranian people.”-UANI statement

Show me the proof you UANI ass hole liars!

This comes after UANI successfully threatened General Motors into pressuring their French business partner Peugeot Citroën.

Renault has actually seen business go up in Iran, producing 93,578 vehicles in Iran in 2011.

UANI is also attacking Nissan, after the Japanese car maker got a $1 billion USD deal to make taxis for New York City: “New York taxpayer dollars should not benefit a corporation, like Nissan, that partners with a regime that is the world’s number one state sponsor of terror and has formed an alliance with al Qaeda.”-UANI statement

The biggest lie about that statement is the fact that Iran is not associated with al Qaeda!!!  The U.S. created al Qaeda is actually at war with Iran!!! Al Qaeda leaders have issued fatwas calling for the killing of Shi’a Muslims, who just happen to make up the majority of people living in Iran, why the hell would Iran support such an organization?!?

Oh, and I thought al Qaeda was the number one terrorist organization?

It really looks like the U.S. sanctions against Iran are actually meant to hurt Western (European/Japanese) competitors to U.S. corporations.

 

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

World War 3: U.S. sanctions against Iran shut down Peugeot. Pressure from General Motors. Who are the sanctions really meant to target?

French based car maker Peugeot Citroën, has shut down a factory after parts shipped from Iran were stopped.

Peugeot Citroën has manufacturing deals with Iran Khodro, a major car maker in Iran.

220 people were laid off at the Vesoul factory in northeastern France.  This comes after a U.S. lobbyist group called United Against Nuclear Iran (UANI), asked U.S. Congress to put pressure on the French car maker.

UANI also put pressure, should we say threatened, General Motors because GM holds 7% of Peugeot Citroën.  Officials from the French car maker said it was GM that pressured them to stop selling knock down kits to Iran.  A knock down kit is basically a unassembled car.

UANI has made completely unsubstantiated claims against Iran: “….it is unacceptable for GM to enter into a partnership with a company that so openly deals with a regime that is responsible for the deaths of U.S. and NATO servicemen and threatens U.S. and global security.”-Mark Wallace, UANI

How can Mark Wallace make such a claim?  Iran has never been connected to any terrorist actions against the United States. Where’s the undeniable proof?  What Mike Wallace is saying is the same old unproven ultra right wing neo conservative bull shit!

By the way, stopping Peugeot Citroën business with Iran will not hurt Iran’s economy.  Iran Khodro is doing extremely well with its own car designs, especially in the Central Asian market. So the real question is; who is really being targeted by the U.S. sanctions?

 

Business/Economics, International

Class Warfare: David Cameron plays Robin Hood with bank accounts and Charities, another game of smoke and mirrors

April 4, 2012, the Prime Minister of the United Kingdom, David Cameron, announced that the British government will start raiding bank accounts, officially to fund charities.

The British plan (called Big Society Capital) claims to be targeting bank accounts that have been inactive for more than 15 years.

The British government has realized how bad of an effect their slashing and burning of social programs is having on the general population of the U.K.   So, they’ve come up with this plan of raiding bank accounts, supposedly belonging to wealthier Britons, in order to fund charities now struggling to deal with growing social strife due to the government funding cuts.

There is also a catch to this plan to help the poor, charities must prove they are helping people and that their programs are successful, or else the money stops: “Big Society Capital is going to encourage charities and social enterprises to prove their business models, and then replicate them. Once they’ve proved that success in one area they’ll be able, just as a business can, to seek investment for expansion into the wider region and into the country.”-David Cameron, Prime Minister United Kingdom

To add confusion about the sincerity of the Big Society Capital plan, some bank officials have told inactive account holders not to worry, because if they ask for their money back they’ll get it.

History shows that whenever the elites of Briton put a capitalist spin on social programs they always end in disaster for the poor.

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

What Economic Recovery? Yahoo confirms, will lay off thousands of employees

“The changes we’re announcing today will put our customers first, allow us to move fast, and to get stuff done…smaller, nimbler, more profitable…We are intensifying our efforts on our core businesses and redeploying resources to our most urgent priorities.”-Yahoo memo to employees

On March 31, 2012, rumors hit the internet that Yahoo was in trouble and would fire thousands of employees.

April 4, 2012, Chief Executive Scott Thompson revealed they will indeed lay off 2,000 employees.

Thompson said he would reveal more details on April 17.

 

Business/Economics, International

What Economic Recovery? Japan’s new president of a new Bank says current economic situation only the third most important historical event in Japan’s thousand years history!

On April 2, 2012, the new president of the new Japan Bank for International Cooperation, Hiroshi Okuda, revealed just how bad the current economic situation is.

Okuda, a former president of Toyota, said Japan faces a critical historic situation, on the level of two previous historic moments; the 19th century Meiji Restoration and the end of World War Two in the 20th century.

On April 1, 2012, the Japanese government created the Japan Bank for International Cooperation.  It is a spin off of Japan Finance Corporation.

It’s part of efforts by Japan to be more economically competitive and financially flexible.

 

 

Business/Economics, International

What Economic Recovery? European Unemployment Up, Spain hit hardest

April 2, 2012, the European Union reported that unemployment is still high.  It’s the 8th straight month of increasing unemployment for the EU.

Portugal’s unemployment is now at 15%, with Italy at 9.3%.

Spain is hardest hit, with 23.6% officially unemployed.  Young workers under 25 years of age are suffering the most.  Spain’s youth unemployment rate is at 50.5%, which means that one out of every two youth are out of work!