Tag Archives: false flag

Business/Economics, Idaho, U.S.

Corporate Evil: Sears & Kmart connected to Romney’s Bain Capital! Bain Capital working with Carlyle Group!

News reports have been revealing that the Mitt Romney co-founded Bain Capital (and its affiliates) are behind many of the huge job layoffs in the United States, since the late 1980s.

Turns out that Bain Capital could be involved with the problems at Sears and Kmart!!!

In 2005, Vornado Realty Trust bought 7.5 million shares of Sears Canada. Vornado was also involved with Bain Capital in taking over Toys “R” Us, which  took over KB Toys resulting in 3,400 jobs lost.

Vornado also backed the take over of Sears by Kmart in 2005, leading to the creation of Sears Holdings Corporation.

Part of the recent list of Sears/Kmart store closings showed that several Sears stores were being converted into Kmart stores.  Is this just a Bain Capital inspired conspiracy to shut down Sears?

In another posting I showed how the demise of KB Toys, and the take over of Toys “R” Us, were part of the Mitt Romney style of ‘investing’ which results in net job losses.

In the early 1990s, Bain Capital, along with a company called Acadia Partners, bought the Coldwell Banker subsidiary from Sears.

Here’s the scary thing. In the short time I researched Romney’s creation, Bain Capital, it became clear that the so called investment company is involved in almost every corporation in the United States!

Bain Capital, along with dozens of other so called investment companies (including the infamous Carlyle Group) are systematically taking over and shutting down businesses in the United States.  Those shut downs are not based on the true performance of those companies, but on the personal desires of those involved in the so called investment companies (as I tried to explain in a previous posting). And it’s all about the money.

Of interest is the fact that Bain Capital’s 13F-HR filing, for June 2011, shows that it owns stocks in only five companies!  Their 13F-HR statement says those five companies make up 100% of their stock holdings. Pretty pathetic for such a prolific investment company!

Political Incompetence & Corporate Evil: CHRISTIAN/MORMON MITT ROMNEY CO-FOUNDED BAIN CAPITAL, WHICH HAS BEEN DESTROYING JOBS SINCE 1984! DESTROYED JOBS IN CHUBBUCK, IDAHO. DEMISE OF KB TOYS CONNECTED TO TOYS “R” US

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

Political Incompetence & Corporate Evil: Christian/Mormon Mitt Romney co-founded Bain Capital, which has been destroying jobs since 1984! Destroyed jobs in Chubbuck, Idaho. Demise of KB Toys connected to Toys “R” Us

“Mitt Romney’s history at Bain Capital is not going to help his image as a job creator.  Now, we want to disclose that NBC Universal and Bain Capital are each a part owner of the Weather Channel.  Bain Capital’s main business model is buying companies like American Pad and Paper and restructuring [industry code for ‘slash and burn’] them.  In many instances, Bain turned a profit by strip mining these companies.  American,  AMPAD is what it’s known, the stock was driven down [on purpose by Romney, I explain a little further in the article] and the company went bankrupt.  They fired hundreds of workers along the way.”-Ed Shultz, MSNBC

MSNBC is admitting that a company affiliated with NBC, Bain Capital  co-founded by Mitt Romney, has been destroying jobs, not creating jobs as Romney claims.

In 1984 Romney co-founded Bain Capital, which grew out of Bain & Company.  The soul purpose of the company is to buy out other companies, then gut them and sell them off piece by piece. Of course this means jobs are destroyed.

Interestingly, back in October, MSNBC’s Ed Shultz actually downplayed Romney’s connection to Bain Capital.  He and some of his guests, stated that a photo published in the Boston Globe was fake: “…it’s probablly a joke photo.”

Now Ed Shultz is backpedaling.  He, along with other MSNBC anchors and reporters, are revealing that Bain Capital has been behind many of the job loses in this country since the late 1980s!

The New York Times reported that Romney left Bain Capital in 1999, but, as part of his ‘retirement package’ is making money off their continued slashing and burning of U.S. jobs.  According to the article, Romney, 13 years after leaving Bain Capital, is still making millions of dollars off his retirement package!

old kb toys pine ridge mall

Former location of KB Toys, Pine Ridge Mall, Chubbuck, Idaho

Anybody remember KB Toys? I do. I was an employee of the Chubbuck, Idaho, Pine Ridge Mall at the time they closed down the KB Toys store in that mall. By 2004 KB Toys went bankrupt and 3,400 people lost their jobs! Guess what, one of Bain Capital’s affiliated companies was behind that!!!

pine ridge mall

Fading Pine Ridge Mall, Chubbuck, Idaho

Oh, and what about Romney’s connection to Massachusetts? Romney ‘retired’ from Bain Capital in 1999.  The Bain Capital partnership took over KB Toys in 2000.  KB Toys is headquartered in Pittsfield, Massachusetts. Romney became governor of Massachusetts in 2002.  In 2003 the Bain Capital partnership started shutting down KB Toys stores. Mmmm, connection?

Here are some more examples of deals that resulted in job losses at the hands of Romney’s Bain Capital (and affiliated companies like Holson Burnes Group): Clear Channel Communications, 2,500 job cuts.

Photo album factory in South Carolina, 150 jobs lost.

Sensata Technologies, a European company with U.S. operations, several hundred U.S. employees lost their jobs.

American Pad & Paper, or AMPAD, lost 185 jobs.

The case of AMPAD reveals how Romney’s Bain Capital works.  They buy up companies in the same market, then they whittle them down until there is only one or two in the market, who then become big money makers by default.  AMPAD’s competitor was Staples. Romney touts Staples as a good example of his management skills, but what the Boston Globe found out (and reported in a 2007 article) is that Romney simply bought out competitors and shut them down until Staples was just about the only game left in town.

Now how about the KB Toys deal? KB Toys and Toys “R” Us were the top toy stores in the United States.  A company connected to Bain Capital buys out KB Toys and shuts them down.  What about Toys “R” Us? Yes there’s a Bain Capital connection.  In 2005, one year after the KB Toys bankruptcy, Toys “R” Us was taken over by KKR Group, Vornado Realty Trust and Bain Capital for $6.6 billion!  In 2009 Toys “R” Us takes over what is left of KB Toys; website, trademarks, and intellectual property rights.  Mmmm, you seeing the pattern?

This goes against the principle of the free hand of capitalist competition.  The jobs lost because companies went out of business were not actually due to any ‘poor’ performance of the employees, or lack of sales, but because the ‘investors’ Romney & Co wanted it that way!

Also, Bain Capital works the same way the rest of Corporate America does, they don’t use their own money to take over companies, they take out huge loans from the too big to fail banks that got taxpayer bailouts!

One report said Romney’s “investments” have resulted in at least 12,000 U.S. jobs lost!  It’s probably more than that, the way Bain Capital and affiliated companies shut down businesses does not result in net jobs gained, but net jobs lost!  Anybody remember Oliver Stone’s 1987 movie Wall Street?

Opinion: MITT ROMNEY CONSTITUTIONALLY INCOMPETENT. RELIGION BASED MARRIAGE LAW WILL VIOLATE CONSTITUTION.

Washington DC BS: MITT’S MYSTERY MONEY NOT EXPLAINED BY LATEST ADMISSIONS

Fukushima

Global Food Crisis and Government & Corporate Incompetence: Fish catch down 70% off the coast of Fukushima, U.S. FDA misleads!

Fish catches, off the coast lines of Fukushima, Miyagi and Iwate Prefectures, is down 70%.  That’s from the beginning of April 2011 to the beginning of October 2011, compared to the same time last year.

Those three prefectures are the main fishing grounds for the local Japanese fishing industry.

The reasons are a combination of tsunami damage to ports (especially Miyagi, which was literally wiped out), and radiation contamination caused by Fukushima Daiichi nuclear power plant.  Most fishermen had voluntarily stopped fishing over radiation concerns, but some continued to fish, only to find out a lot of their catch was contaminated after it arrived at fish markets.

Contrary to the reassuring statements on the U.S. FDA website, there is no standardized Japanese government testing of fish (or any food product) for radiation contamination. Most contamination was (and still is being) found by private citizens groups, or local governments who acted on their own volition.

Fukushima

Government & Corporate Incompetence: Fukushima to be turned into giant nuclear waste dump!

Struggling to figure out what to do with the ever increasing nuclear waste, caused by the Fukushima Daiichi nuclear disaster reactors, the Japanese government has decided to dump it in Fukushima.

The county of Futaba, in Fukushima Prefecture, is being asked to allow eight of its cities to become nuclear waste dumps.  The official reasoning is that area is already contaminated (currently it suffers the equivalent of 100 millisieverts of radiation per year).

Of course this would mean that those people still living in the area would have to leave, and the national government will pay for occupying the land.

Many people in the area are upset, and disillusioned with their national government, because immediately after the March nuclear accidents, they were told, by national government officials, that the situation wasn’t that bad and they would all be returning to their homes soon.

Fukushima

Government Incompetence: Japanese trees now highly radioactive, a new twist on pollen allergies!

Japan’s Forestry Agency tested male cedar tree flowers, in Fukushima Prefecture, and discovered extreme levels of contamination: More than 250,000 becquerels per kilogram of radioactive cesium!

The forestry Ministry took samples from 87 locations between November and December.  The highest level, 253,000 becquerels of cesium per kilogram, were discovered at Omaru in the town of Namie, 11.3 kilometers (7 miles) from the damaged Fukushima Daiichi nuclear plant.

Now realize that pollen is blown through the air, meaning highly radioactive pollen is blowing throughout Japan!

Japan’s Environment Ministry says as much as 2,207 grains per cubic meter, of radioactive pollen, is being blown around. However, the Forestry Ministry is trying to downplay the spread of radiation through pollen, by saying if people breath it for 4 months they would be exposed to 0.553 microsieverts of radiation.  Officials claim this is equivalent to ten times the normal background radiation found in Tokyo.  Mmm, they’re not concerned with that?

 

Fukushima, Idaho

Government Incompetence: 14,000 U.S. deaths directly linked to Fukushima nuclear disaster! Idaho hit with highest reported radiation. Infants suffered most.

“Based on our continuing research, the actual death count here may be as high as 18,000, with influenza and pneumonia, which were up five fold in the period in question as a cause of death. Deaths are seen across all ages, but we continue to find that infants are hardest hit because their tissues are rapidly multiplying, they have undeveloped immune systems, and the doses of radioisotopes are proportionally greater than for adults.”-Janette Sherman, MD  toxicologist

According to the December 2011 edition of the International Journal of Health Services, an estimated 14,000 deaths in the United States can be connected to the ongoing nuclear disaster in Japan!

The peer reviewed report also points out that within 17 weeks following the 1986 Chernobyl nuclear disaster 16,500 people in the U.S. died.

The report says one week after the explosions at Fukushima Daiichi nuclear plant, a toxic cloud was detected over the west coast of the United States. I had posted several times how most EPA RadNet sites were not working.

The EPA did report radiation detected in water, milk and other agricultural products, but it was downplayed and the U.S. neo-conservative controlled mainstream media went along with it!  What was reported by the EPA showed that Idaho had the highest Iodine 131 readings; 390 picocuries per liter of water (2 picocuries of I-131 per liter of water is considered normal)!

Interestingly this was claimed to be in Boise, Idaho, which is on the western side of the state. The only RadNet site in Idaho is in Idaho Falls, on the eastern side of the state.

The report says there were at least 14,000 unexplained deaths in the United States within the first 14 weeks of the Fukushima Daiichi disaster (that’s 1,000 per week, and the nuclear disaster is ongoing).  They also noted a sudden 1.8% jump in infant deaths compared to the same time the previous year.  They claim there is enough evidence for scientists to suspect radiation contamination, and they’re asking for more studies to be done.

Fukushima

Government & Corporate Incompetence: Fukushima Governor challenges claims of Cold Shut Down

On 16 December 2011 the Japanese government declared the damaged Fukushima Daiichi nuke plant in “Cold Shut Down”.  On 18 December, the governor of Fukushima challenged that claim.

Governor of Fukushima Prefecture, Sato Yuhei, met three national government Cabinet members.  He asked them how they could make such a declaration when no one at the national level talked to anyone living around the nuclear plant, or even made an inspection tour.

The Minister for Nuclear Crisis Compensation, Edano Yukio, said the contamination zones will be redefined, and the national government will considering local governments’ requests.

The three Cabinet members also said that areas with radiation levels of 20 millisieverts per year or higher, will require former residents to continue living elsewhere, and, those people from areas with readings of over 50 millisieverts per year should expect not to be able to return for a long long time.

Fukushima

Government & Corporate Incompetence: 230 tons of radioactive water found under Fukushima Daiichi!

On 18 December 2011, workers at the Fukushima Daiichi nuclear plant in Japan, found 230 tons of highly radioactive water in a tunnel under a building used to store contaminated water.  This comes after the Japanese government declared the damaged nuclear reactors in “cold shut down”.

Tokyo Electric Power Company officials say the water is giving off 3 millisieverts per hour of radiation. Of course, and as usual, TEPCo officials don’t have clue how it got there, and are investigating.

This latest discovery reminds everyone to question TEPCo’s inspection and management capabilities.  Even the Governor of Fukushima Prefecture is challenging the national government’s declaring the plant in cold shut down.

 

Fukushima

Japan admits high levels of radiation in north eastern Honshu!

Japan’s Environment Ministry has given some clues as to how bad the radiation contamination is in north eastern Honshu.  The area is being devastated by radiation coming from the Fukushima Daiichi nuclear plant.

In a report on how the government of Japan plans to address decontamination issues, they revealed that some areas have soil that’s emitting more than 0.23 microsieverts per hour!

They also stated that ‘sludge’ has been found to be contaminated with 8,000 becquerels per kilogram of cesium!

The Environment Ministry even admitted that areas as far south as Tokyo are highly contaminated and will require decontamination.  Tokyo is about 220 kilometers, or 137 miles from Fukushima Daiichi nuclear plant.

 

Fukushima

Japan says it will take at least 40 years to scrap the Fukushima Daiichi nuclear plant!

The Japanese government released details of their plan to tear down the Fukushima Daiichi nuclear plant.

From 2012 to 2015 they hope to remove the hundreds of spent fuel rods stored in the facility’s spent fuel pools.

Then from 2015 to 2021 they will work to repair and fill up the highly radioactive reactor containment vessels with the melted fuel rods inside.  That plan involves using water to fill the containment vessels on four reactors.

Then by 2022 they hope they can figure out a way to safely remove the melted fuel rods from the containment vessels.  The ultimate goal is to tear down the reactor buildings.