Tag Archives: u.s.

International, U.S.

Palestine opens Embassy in Lebanon

“The Palestinian flag is now flying in Lebanon’s heart and the heart of every Lebanese who loves Palestine.”-Mahmoud Abbas, Palestinian Authority Chief

As far as Lebanon is concerned Palestine is a legitimate country.  August 17, the Palestinian people opened an embassy in Beirut.

So far 100 countries have recognized Palestine as a country.  The only way to get recognition from the United Nations, is if the U.S. controlled Security Council recognizes a Palestinian state.  U.S. officials have stated they won’t let that happen.

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

President Obama wants war with Syria, EU leaders want war with Syria, Canada wants war with Syria, it’s all about the oil baby!

“The future of Syria must be determined by its people, but President Bashar al-Assad is standing in their way.  We have consistently said that President Assad must lead a democratic transition or get out of the way.  He has not led.  For the sake of the Syrian people, the time has come for President Assad to step aside.”-President Barack Obama, written statement.

“Our three countries believe that President Assad, who is resorting to brutal military force against his own people and who is responsible for the situation, has lost all legitimacy and can no longer claim to lead the country.”-joint statement from British Prime Minister David Cameron, French President Nicolas Sarkozy and German Chancellor Angela Merkel

“I join with (U.S.) President Obama and other members of the international community in calling on President Assad to vacate his position, relinquish power and step down immediately.”-Stephen Harper, Canadian Prime Minister

Syria is “…a proxy for Iran, a supporter of terror, and a threat to United States interests and our allies in the region.”-Eric Cantor, U.S. House Majority Leader

All these statements were made after President Assad announced an end to the crackdown on the insurgency.  He also invited the United Nations to investigate claims of human rights abuses, however, U.S. officials, and the U.S. media are reporting that some how the UN already conducted an investigation and found Assad guilty.  That was fast!

Major oil pipelines run through Syria, from Iraq and Iran to Turkey, Lebanon and the Mediterranean Sea.  90% of the oil goes to Europe.  Remember, we’re attacking Libya, and the majority of Libyan oil goes to Europe, in fact almost all of Italy’s oil supplies come from Libya.

It’s really starting to look like Europe, with the help of the United States, is trying to save its sorry economic ass by taking direct control of their major suppliers of oil.

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

What Economic Recovery? Chrysler owner Fiat looking to move to Russia

“Fiat is intensively examining St. Petersburg along with Nizhniy Novgorod. No decision has been made yet. Most likely the Italian automaker will select a green field site. We expect that they will make a decision on the site in the fall.” –Dmitry Levchenkov, Russia’s Economic Development Ministry

Fiat, the owner of Chrysler, is actively looking to start factories in Russia, to build cars and spare parts.  The reason?  Car sales are booming in Russia.

Just in the first 8 months of 2011, Fiat saw a 59% increase in sales in Russia.  That’s impressive when you realize that most Russians are hesitant to own a Fiat: “Few Russian drivers opt for Fiat because the service and spare parts are difficult to find in Russia. However, if Fiat builds an assembly facility and handle the production and create a unique distribution channels with service centers its world popular five door hatchbacks could invade the Russian cities frequently.”-Alexandr Tsipin, journalist

Fiat has already made deals with Russian car maker GAZ.  Fiat hopes to build 120 thousand cars per year in Russia.

The major reason for Fiat’s huge jump in sales, they’re the cheapest foreign car in Russia.

I wonder what Fiat will do with it’s Chrysler operations in the U.S. and Canada?  Canadian labor unions have been warning that Fiat will shut down Chrysler factories.

U.S.

Insult to Injury: 9/11 First Responders banned from anniversary ceremony

“We’re working to find ways to recognize and honor first responders, and other groups, at different places and times.”-statement from New York City Mayor’s office

About 3,000 first responders have been told there’s no room at the inn for them.  Apparently the organizers of the September 11, 2001 anniversary ceremony, forgot to invite the people who tried to rescue the victims of the attack.

“I’m absolutely disgusted.”-Anthony Flammina, retired NYPD cop

To be forgotten in this year’s ceremony adds insult to injury, after first responders were treated like terrorist suspects just to get health benefits.  Then, on top of that, last month the National Institute for Occupation Safety and Health decided that 9/11 first responders would not be covered for the strange cancers most are now suffering from.  The government says there’s not enough evidence showing the strange cancers are linked to the recovery efforts at “ground zero”.

Business/Economics, Opinion, U.S.

What Economic Recovery? Military Retirement Pay to be sacrificed on the 401k altar

In the name of providing more funds for weapons systems and combat operations, the Defense Department has decided it’s time to end their traditional retirement plan, and force military personnel into risky 401k plans.

The plan is described in the publication “Modernizing the Military Retirement System”.

Government officials say that current military missions can not be continued without cutting funding from other military programs, like retirement.  Hello, that’s a clear sign that you’re military is overextended! (That’s what happened to NAZI Germany and Imperialist Japan in World War 2)

Promoters say the good thing about using 401k is that a veteran can collect on the money even if they do not serve the full 20 years.  But all those people out there, trying to get by on their crashing 401k plans, will tell you the 401k is no guarantee you’ll have enough money to live on.

 

 

 

 

Business/Economics, U.S.

What Economic Recovery? Moody’s joins S & P’s in downgrading the U.S.

“The U.S. economy needs to grow 2.5% to 3% per year to add jobs fast enough to keep the unemployment rate stable. This will not happen soon.”-Mark Zandi, Moody’s Analytics

Moody’s Analytics downgraded projected GDP for the Untied States. One month ago they projected GDP to be at a yearly average of 3.5%, for the rest of 2011.  Now they say the U.S. will be lucky if it can hit 2%.

Moody’s also says the chance of an official double dip recession is now 1 in 3.  They also said every 100 point drop in the Dow Jones increases the chances of a double dip recession.

They pointed out that the current job creation rate in the United States falls way short of employment goals for 2012: “Employers will have added about 1.25 million jobs between the fourth quarters of 2010 and 2011, and 2 million more by the fourth quarter of 2012. By then, U.S. employment will still total some 1 million less than expected.”–Mark Zandi  (keep in mind he’s talking about projected job creation, there could be more jobs created, or less)

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

Government Incompetence: Obama says he wants jobs for the U.S., but spends $1.1 million on a Canadian made bus

It’s called Ground Force One, a $1.1 million dollar bus made in Canada, and used by the Obama administration.

There’s also a Ground Force Two, because your government bought two of these behemoth buses.  And your taxes paid for them!

Ground Force Two is actually being called Stagecoach. But don’t blame Obama, the second bus will be used to transport the Republican candidate for the 2012 election campaigns.

Officially the public is being told the buses came from a Tennessee company, but ABC News found out they were built in Canada, and only modified in Tennessee.

 

 

Business/Economics, International, U.S.

Global Economic War: China sells record number of Yuan bonds, pushing to dominate bond market and influence the Yuan as the New World Currency

A record amount of Chinese government bonds have been issued in Hong Kong.  And investors are buying them up.

Several types of yuan based bonds, which mature between 2 and 10 years, were sold, totaling U.S.$3.1 billion, a record.

This was the third Chinese yuan bond issue in Hong Kong.

Demand was so high for this latest issue of yuan bonds that orders had to be stopped.  There were 4.6 times more demands to buy the yuan bonds than there were yuan bonds to sell!

Analysts said China plans to issue more yuan bonds, with the goal to help promote the yuan as the next world currency, replacing the U.S. dollar.

Fukushima

Corporate Incompetence: TEPCo knew explosion could occur, but just didn’t want to believe that it would!

In a case of hear no evil, see no evil and speak no evil, a Japanese government investigation into the corporate mind of Tokyo Electric Power Company revealed that officials just couldn’t believe the worse case scenario could happen at Fukushima Daiichi.

TEPCo officials admitted that they discussed the possibility of explosions inside the reactor buildings, but dismissed the possibility as unlikely.

Then, just one day after the 11 March 2011 quake/tsunami, Reactor 1 exploded.  TEPCo officials were focused so much on other concerns, that it took the second explosion, in Reactor 3 on 14 March, to wake them up.

Some government officials conclude that Tokyo Electric officials don’t realize just how dangerous a nuclear reactor can be.

Business/Economics, U.S.

Government Incompetence: Social Security lists 14,000 living people as dead, every year, can you check to see if your really dead?

The U.S. Social Security Administration has been listing as many as 14,000 people, who are alive, as being dead and cutting off payments.

Between 2007 and 2010, 36,657 living people were declared dead.  I wonder if that’s had any affect on consumer spending?

Living people who’re declared dead by the Social Security Administration not only lose benefits, but have to prove they’re still alive.  That can take months.  Until then you won’t be able to make any financial transactions with banks, etc.

Most people find out they’re dead when their checks start bouncing, then their Social Security payments don’t show up.

Some people discover that not only were they declared dead, but the Social Security Administration “lost” their file, forcing the “dead” person to literally start over with the SSA.

The “deaths ” are listed in a Death Master File.  Many genealogy web sites offer a Social Security Death Index search service, that lets you search a person’s history using their social security number.  Maybe you can search for yourself, if you show up you know you’re dead.