Tag Archives: tea party

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

Economic Recovery? Japan’s Elpida gets owned by Idaho’s Micron! Take over of Taiwan’s Rexchip in the works. Expect higher prices for your gadgets!

“Under the proposed arrangement with Powerchip, if Micron entered into an agreement to acquire Elpida, Micron would have the right to purchase the Rexchip shares held by Powerchip.”-Dan Francisco, Micron Technology

03 July 2012, failed Japanese microchip maker, Elpida Memory, has agreed to become a subsidiary of Idaho’s Micron Technology.  Of course, the U.S. main stream media says it’ll be good for the U.S. economy.

Elpida was a major supplier to Apple.

The major move makes Idaho’s Micron one of three chip makers who’ll dominate 90% of the World’s memory chip market!  The other two are Samsung Electronics and SK Hynix.

In recent years the memory chip market got flooded with so many chips that the bottom fell out, and even Micron was adversely affected (once the biggest employer in the Boise, Idaho, not anymore).

The result was a dog eat dog situation between international chip makers.  In 2007, Pocatello, Idaho’s AMI Semiconductor (not necessarily memory chips, but the same thing happened with this industry) was taken over by Arizona based ON Semiconductor.  Following that ON went on to take over dozens of other companies right on up to February 2011.

“The DRAM industry is heading towards an oligopolistic market. The emergence of three major DRAM players will help DRAM chip prices gradually stabilize, bidding farewell to the price-slashing competition of the past.”-Trendforce, Taiwanese technology research company

So when market prices drop too low, when there are just too many chip makers out there, the only recourse is for companies to merge or be taken over. The result will reduce the amount of competition, and soon memory chip prices will rise making our high tech gadgets more expensive (of course people will lose their jobs as well).

Micron is also in the final stages of taking over Taiwan based Rexchip Electronics. The approval of the sale is conditional upon Micron’s take over of Elpida.  A company called Powerchip is selling its controling shares of Rexchip to Micron.  Already the price of Rexchip stocks has jumped 58% since 29 June!

“The deal will reduce price volatility as Micron will have tighter control over capacity expansion and investment plans as it needs to integrate Elpida and Rexchip.”-Song Myung-sub, HI Investment & Securities

The amazing thing about Micron’s take overs is that Micron has lost billions of dollars in the past couple of years. So where’d they get the money to initiate these take over moves?

 

Idaho, U.S.

Pocatello Charlotte Fire update: 100% contained, fireworks for 4th of July, seed for rebuilding community!

02 July 2012, the Charlotte Fire was declared 100% contained.  The Eastern Idaho Interagency Fire Center will turn control over to the city of Pocatello Fire Department at about 22:00 hours Monday night.

Pocatello city officials also lifted the fireworks ban, but only for 04 July 2012, and only from 12:00 hours to 00:00 hours.  Also, not every part of Pocatello is cleared for fireworks so check with police.  The city of next door Chubbuck has also lifted their fireworks ban for the 4th of July, from noon ’till midnight.

Bannock county has purchased $2,500 worth of grass and wildflower seed, to help affected residents start rebuilding their properties. Because the fire hit hilly areas, the seed will be needed to prevent mudslides and flash floods.  Contact Pocatello fire officials for details.

fire fighters call Pocatello a War Zone!

Business/Economics, U.S.

Corporate Evil & Investor Evil: U.S. drug maker hit with record fine for fraudulent claims on Paxil, Avandia and Wellbutrin! Stock price shoots up!

02 July 2012, GlaxoSmithKline reportedly pled guilty to fraudulent activities involving the drugs Paxil, Avandia and Wellbutrin.  The company is being fined a record $3 billion USD!

The U.S. Department of Justice says the pharmaceutical giant claimed the drugs could be used to treat conditions and/or people for which they were not approved!

Paxil is meant for adults only, but was sold for use in children! The antidepressant Wellbutrin was sold as a weight loss drug!  GlaxoSmithKline was also accused of failing to report safety data, concerning the diabetes drug Avandia, to the U.S. Food & Drug Administration from 2001 to 2007.

Also, under a type of probation, for the next five years company executives could lose their bonuses to the government, if any employee is caught conducting fraudulent activity.  As well, sales reps will no longer be paid based on total sales, but on the quality of their job performance.

Interestingly, when news of GlaxoSmithKline’s guilty plea was heard investors jumped on the company’s stock driving the price up!  Why would an ‘honest’ investor want to buy stock in a company who admits to fraud?

Business/Economics, International, U.S.

LIBOR: U.K. orders new investigation! Top three Japanese banks involved in international rate fixing! Bank governor admits banks are “deceitful”! More proof of Trilateral policies, & that the Too Big to Fails caused the economic mess!

“Your working hypothesis should be that every bank in the industry did some version of this same thing. There will be more to come.”-unnamed banking official in letter to British news media

02 July 2012, Marcus Agius, a chairman of evil British Empire’s Barclays has resigned.  Barclays recently settled with U.S. and U.K. regulators over the LIBOR scandal. The settlement was a pittance compared to the damage Barclays, and other banks caused.

The general public in Britain has been calling for Barclays boss, Bob Diamond, to resign as well.  Public officials are calling for criminal charges: “…when we’re setting up the National Crime Agency we should look at the record of the Serious Fraud Office. I suspect financial crime is easier to get away with in this country than practically any other sort of crime.”-Ken Clarke, Justice Secretary of United Kingdom

Barclays “systematically” falsified data to set the London Interbank Offered Rate, or LIBOR.  Regulators from Switzerland and U.K., are investigating at least 20 banks, including the top three banks in Japan (for fraudulent Tokyo Interbank Offered Rate or TIBOR), banks in Canada, U.S. and European Union!  Elites from Japan, North America and Europe are members of the private organization Trilateral Commission.

Mervyn King, Governor of the Bank of England, said LIBOR “is now dead”, and even called the very banking system he represents “deceitful”!  Now the British government is calling for a new independent investigation into the British banking system and LIBOR.

The amount of money manipulated by the LIBOR (and now TIBOR) scandal is estimated at more than $361 trillion USD!!!

Business/Economics, International, U.S.

What Economic Recovery? European unemployment rate holds on to record highs! Austerity policies to blame! Trilateral policies in motion!

02 July 2012, the European Union (EU) statistical office released unemployment data from its member countries.  Record high rates persist.

For the month of May, Spain set a new record of 24.6%! Unemployment for Spanish people under 25 years of age hit 52.1%!  For perspective, that’s more than 5.6 million people out of work in a country with a population of 46 million people!

Portugal at 15.2%, Italy at 10.1%.  In total, the number of people unemployed in the EU reached 17.6 million, an increase of 88,000 from April to May 2012!

Greek numbers are months behind, but their report for March shows an increase in unemployment, to 21.9%!  Unemployed Greek youths are also at 52.1%!

EU officials noted that the greatest increase in unemployment are in member countries that have harsh austerity policies (cut spending, increase taxes, which are publicly stated policies of the Trilateral Commission).

 

 

Business/Economics, International, U.S.

World War 3: Europe enforces oil sanctions against Iran. Iran prepares to close Hormuz Strait. Iran creates $14 billion fund to expand oil industry! More examples of Chock Full o’Crap western media!

“There is a bill prepared in the National Security and Foreign Policy committee of Parliament that stresses the blocking of oil tanker traffic carrying oil to countries that have sanctioned Iran.”-Ibrahim Agha-Mohammadi,  Member of Iranian Parliament

02 July 2012, in a move that seems counter to the European Union (EU) oil sanctions that went into effect on 01 July 2012, Iranian lawmakers say they will block oil shipments to Europe by closing the Strait of Hormuz.

It’s also meant to show that Iran does not need European countries for its oil business.  As of Sunday, 100 of the 290 members of Iran’s parliament have signed the bill.

Also today, Iran created a $14 billion USD fund to expand its oil industry: “The $14 billion fund can create a remarkable momentum in the oil industry and indicates that despite sanctions there is no problem in the trend of the country’s development and production in the oil sector.”-Mohammad Reza Farzin, Managing-Director of Iran’s National Development Fund

Also today, South Korean news media reported that South Korean oil refiners and Iranian oil companies have reached an agreement that would allow South Korea (a U.S. ally/puppet) to resume Iranian oil shipments without violating the European sanctions: “Korean oil refiners and the Iranian side have been in consultations over the matter of using Iranian flagged oil tankers to resume oil shipments.”-unnamed South Korean official

For insurance reasons South Korea will use Iranian tanker ships, which turns out to also be a loop hole in the European oil sanctions!

Also today, Iran’s Oil Ministry announced that despite the 01 July 2012 European oil sanctions, Iranian exports of refined gasoline for European customers will actually increase: “The daily production of euro4 gasoline will reach 24 million liters [6.3 million U.S. gallons] by the end of the current [Iranian] year.”-Alireza Zeiqami, Iran’s Deputy Oil Minister

But who’s the biggest buyer of refined Iranian fuels?  Why the U.S. occupied country of Afghanistan!  In 2011, Afghanistan bought $51.6 million USD worth of Iranian fuels.

On 01 July 2012, corrupt British bank Barclays revealed that a certain type of Iranian oil will escape any attempt at sanctions. It’s called “bunkers” (aka vital blending components).  Bunkers are blended fuels for ships, and the international shipping fleets will need at least $145 billion USD this year, according to Bloomberg.  But here’s the rub for U.S. and EU sanctions: “This is a problem we didn’t foresee. We don’t know how much Iranian oil is already blended in.”-Peter Sand, Baltic and International Maritime Council, which represents 65% of ship owners

Reports also show that Iran really does not need the U.S. or EU as customers, demands from Asia and Africa are growing rapidly. Currently Iran is supplying 100% of Sri Lanka’s petroleum needs, 51% of Turkey’s, 25% of South Africa’s, 11% of India’s and China’s, and 10% of Japan’s and South Korea’s demands.

Oh, by the way, did you know that at the end of June the U.S. government exempted China from the latest sanctions, for the next 180 days?

Full o’Crap western news media continue to claim U.S. led sanctions have hurt Iran’s economy.  The U.S. has imposed sanctions for decades, yet Iran has become one of the richest countries in the region, and not just because of oil!

Iran’s mining industry, excluding petroleum, is now the seventh largest in the world: “We have now achieved self-sufficiency in mining and heavy industries by over 70% in the last four years, while we were once totally dependent (on foreign countries) in these sectors.”-Hassan Polark, Iran’s Industry, Mines and Trade

“The richest gold mines in Venezuela, for instance, have been discovered by the young Iranian engineers.”-Hamid Safdel, Iran’s Industry, Mines and Trade

Iran and Iraq have increased trade to close to $10 million USD so far this year, and they plan to do more: “The volume of the trade exchanges between Iran and Iraq amounts to $9.7 billion which shows an 8% growth compared with the last year.”-Mostafa Mohammad Najjar, Iran’s Interior Minister

Also: “We are also ready to build new power plants in order to increase the capacity of power exports to Iraq. The [Karkheh-al-Emara] power line has increased the capacity of Iran’s electricity exports to Iraq to 1,200 megawatts [daily].”-Majid Namjou, Iran’s Minister of Energy

I could go on and on, like Iranian construction contractors building apartments in the South American country of Venezuela.  Belorussian tractor companies making joint production deals with Iranian tractor companies. Iranian automobile manufacturers reporting increased production, for yet another year in a row.

And to prove Iran is making money despite U.S. and EU sanctions, on 02 July 2012, Iranian officials announced they were able to buy two million metric tons of wheat: “The government has so far been able to import two million tons of wheat into the country despite financial restrictions and sanctions. Such a (large) volume of imported wheat is for supplying the country’s strategic reserves.”-unnamed Iranian official

Iran buys wheat from several sources.  Pakistan is a top source, but India is reportedly offering to beat Pakistan’s prices to win orders from Iran.  India is now the second largest producer of wheat in the world.

Iran also buys wheat from Kazakhstan.  Iranian reports say imports of Kazak wheat could increase by 5 million metric tons next year!

 

Idaho, U.S.

Boise, Idaho, fire fighters call Pocatello a War Zone! Charlotte and 10 Mile Pass fires still listed as active. New Marsing Fire. Fire agencies not reporting all fires!

“It’s always sad to come into an area that looks like a war zone, with so many homes that have been devastated.”-J.D. Ellis, Battalion Chief for Boise Fire Department

01 July 2012,  fire fighters from Boise, Idaho, commented on the Charlotte Fire in Pocatello (in southeastern Idaho), saying the geography and vegetation are quite different from what they’re used to in their area of the Gem State.

“It’s been kind of…a learning experience to evaluate the structures and see which ones survived and which ones didn’t survive and try to identify factors between the two.”-J.D. Ellis, Battalion Chief for Boise Fire Department

As of 01 July 2012, the Eastern Idaho Interagency fire map still shows three active fires in southeastern Idaho: Charlotte, Stockton and 10 Mile Fire.

Faint smoke from the 10 Mile Pass Fire, east of McCammon, Idaho, 29 June 2012, about 17:00 hours.

Charlotte Fire reported as burned 1,038 acres (420 hectares) contrary to what national agency reports say.  Stockton Fire is at 1,210 acres (489.6 hectares) and the 10 Mile Fire (aka Ten Mile Pass Fire) is at 1,188 acres (480.7 hectares).

28 June 2012, early stages of Stockton Fire, which actually started north of Banida, Idaho, despite what the media reports say. Farm equipment is blamed.

The 10 Mile Fire reportedly was caused by a agricultural controlled burn that got out-a-control.

28 June 2012, Charlotte Fire as viewed from south of McCammon, Idaho.

Near Boise, in western Idaho, the U.S. Bureau of Land Management (BLM) is fighting a fire that’s burned 1,500 acres (607 hectares) so far.  It started 30 June 2012, it’s southwest of Marsing, near Jump Creek Road.  Like the majority of fires in Idaho, officials believe it’s human caused.

I could not find the Marsing Fire listed on any interagency maps. The USDA Forest Service Active Fire Mapping Program lists only the Charlotte and Ten Mile Pass fires.

The National Interagency Fire Center is also days behind updating their fire reports.

On 01 July 2012, the National Oceanic and Atmospheric Administration (NOAA) warned of “critical” fire conditions throughout the Pacific Northwest, due to extremely dry air and windy conditions. Humidity levels expected to be as low as 8%!

Idaho’s history includes some intense fire fighting years, starting with the 1910 Great Fire (aka Big Blowup or Big Burn), and then most recently the fires of 2007.  Some fire fighting ‘experts’ are already calling 2012 a record year for the numbers of fires in Idaho.

BLM officials are blaming the decades long drought. Lynn Ballard, southeastern Idaho USDA Forest Service official, says a lot of autumn vegetation (they like to call them “fuels”, which also applies to anything that burns) dried out during the dry winter.  With the snow melt and few rain storms during spring came more vegetation growth, but that dried out quickly.  The result is lots of tinder dry brush, and now we’ve got hot and extremely dry weather.

While the mainstream U.S. news media has been reporting lightning as the main causes of wildfires around the country, not so in Idaho.  The overwhelming majority of Idaho wildfires have been human caused, by accident or on purpose.

Federal officials say prior to 2003 most Idaho wildfires were caused by lightning, the increase of human causes they blame on ignorance: “There’s a multitude of things that can lead to a human caused fire, so people just need to be cognizant of the things that they’re doing, of things that have heat that…could start a fire.”– Lynn Ballard, USDA Forest Service

Charlotte Fire 80% contained. Vulture/desperate contractors already descending. 

 

Business/Economics, International

What Economic Recovery? Japanese government collasping over tax increases! DPJ turning against their own Prime Minister!

02 July 2012, 52 members of Japan’s Diet (parliament) have resigned over the sales tax increases called for by Prime Minister Yoshihiko Noda.

The prime minister and the lawmakers who quit are part of the same political party, the Democratic Party of Japan (DPJ).  One of the lawmakers to resign is Ichiro Ozawa, who helped found the DPJ. He’s forming a new political party to challenge the government.

The members who left occupied positions in both houses of the Diet.  If the DPJ were to lose 55 members in the more powerful Lower House, then the DPJ would not be able to stop any recall of the prime minister.  The Lower House of the Diet appoints the Japanese prime minister, he is not elected by the general public.

Yoshihiko Noda is the sixth prime minister in the past six years.

Idaho, U.S.

Some examples of how hot & dry it is in southeastern Idaho

Image

Some people might think local officials are being a little too cautious with their control over who has access to the Charlotte Fire burn area, at the south end of  Pocatello.  But, it really is so dry out their that I wouldn’t be surprised if the cause of the fire was spontaneous combustion of tinder dry field grasses (I’ve seen it happen in hay stacks).

I recently got my city of Chubbuck, Idaho, water bill for 08 May 2012 to 05 June 2012.  It shows you what you used the previous year.  For the same time in 2011 I used 4,000 gallons (15,141.6 liters). Yet, for 2012 I used 13,000 gallons (49,210.35 liters), a 9,000 gallon increase!  And I was really trying to conserve, but I have a large yard with a victory garden and the amount of water I used in May was just barely enough to keep most plants from dying.

I have a pear tree and several plum trees, and for the first time in more than a decade they have no fruit!  My Golden Delicious apple tree has not even half the amount of fruit it normally does.

Two of my three grape vines returned to dormancy two months ago, and have only now started to come back, after tons of water was flooded onto them.  One of my two blackberry vines died.  My normally over productive raspberry vines are now struggling, with only two raspberries visible.

My huge decades old pine tree stopped dropping pine cones a month ago.  This is normal when you get into dry summer months, but since my pine tree is located in the middle of my back lawn it usually drops cones throughout summer because it gets enough water when I water the lawn.  This year I’ve been flooding sections of the lawn, including around the pine tree, due to how dry the grass is getting, and yet no pine cones.

By the way, lawn grass is the most inefficient plant on the planet, and yet our incompetent municipality leaders create laws forcing us to maintain a grass lawn, for the sake of property values!  And then they jack up our water/sewer/trash rates!!!

For example: In 1998 I swear I was paying a basic water/sewer/trash rate of $38.00 USD per month (not counting the per thousand gallon water charge). In 2010 it was more than $77.00.  Now, in 2012 the basic water/sewer/trash rate is more than $92.00!!!

Between 1998 and 2002 water conservation actually helped keep my water bill down, but at this point none of my water saving efforts are paying off, because the city has jacked up the basic services rate so high!  And you can’t conserve too much because then the city hits you with violation of beautification codes!

The city of Chubbuck actually has employees driving around neighborhoods in “code enforcement” vehicles, giving out warnings.  If warnings are not heeded the city brings in landscapers and sends you the bill.

Another sign of how hot and dry it is: Laundry.  I hang my laundry to dry outside in summer, it so hot/dry that a full load is dry within 20 minutes or less.  That’s much less time than if I used the dryer in the house.

How about southeast Idaho reservoir levels?

Devil Creek reservoir, north of Malad City, Idaho, off Interstate Highway 15, 29 June 2012. Two months ago it was full.

Deep Creek reservoir, east of Malad City, on Idaho State Highway 36, 29 June 2012. Two months ago it was full.

Idaho, U.S.

Pocatello Charlotte Fire update: 80% contained. Vulture/desperate contractors already descending. 19 fireworks cases despite ban! Respect for dead pets found in fire.

“Today is the day we are really going to attack this fire.”-Lorin Nielsen, Bannock County Sheriff

01 July 2012, Sunday morning press conference reporting 80% containment of Charlotte Fire, in Pocatello, Idaho.

Today is a critical weather day, a red flag warning is in place until 21:00 hours.  About 40 fire fighting trucks and 150 personnel are hoping to fully contain the fire by Monday morning.

The city of Pocatello, and Bannock County, banned fireworks, yet there were 19 fireworks case calls over night.  Police stated no tolerance was applied to those caught.

The cause of the fire is still unknown.

Pocatello residents with gas BBQs with lids can continue to use them.

Hot spots and flares up still occurring within the center of the burn area. There were problems in the Mink Creek area, but law enforcement has resumed escorting residents into that area.

State and local officials expressed concern over the number of looky loos trying to get into the burn area.  Also, construction contractors, who’re either vultures or just desperate for work, have already been pestering those people who’ve suffered lost or damaged property.  County officials are warning people of fraudulent contractors.

Fire fighters are reporting finding dead pets in the burn area, they are leaving them in place and covering them with towels.

Bannock County Humane society is giving away food for dogs and cats to victims of the fire.

Charlotte Fire 50% contained. No return home