Tag Archives: unemployment

Business/Economics, International, U.S.

Government Incompetence & What Economic Recovery? Japan & U.S. want mo money for Afghanistan, another $15 billion!!!

On Sunday, 08 July 2012, Japan will host a conference that is pushing for the international community (ie; governments who’ll squeeze their tax payers) to come up with at least $15 billion USD for Afghanistan.  That’s in addition to what’s already been pledged in the past year!

Attendies to the conference will include Afghan President Hamid Karzai, U.S. Secretary of State Hillary Clinton, and UN Secretary General Ban Ki-moon.

Karzai has already announced that he wants another $3.9 billion USD for more “reconstruction”!

How can there be any economic recovery in the western countries when their governments are getting deeper in debt by giving away money they don’t have?

On 28 June 2012, Norway joined dozens of countries in pledging money in a military pact with Afghanistan. The pact will be officially signed in September.

Also on 28 June 2012, India hosted an international conference on private investment into Afghanistan.   Afghanistan’s Foreign Minister, Zalmai Rassoul, said investors will get a big return on their investment because: “While it is true that there are certain areas in Afghanistan where the security situation is not ideal, we should remember that these areas represent a small part of the country.”

Yeah right! Read my U.S. occupation of Afghanistan updates to know that’s a lie.

Business/Economics, International

What Economic Recovery? Average household income hits 25 year low!

06 July 2012, data from recent income surveys showed the average household income dropped to a 25 year low, and a record 62% of people say their lives are financially “difficult”.

The Health, Labor and Welfare Ministry of Japan released the  data. Officials say average income in Japan peaked in 1994, at about $83,000 USD, but has been falling ever since then.

In 2010, the average income dropped to $67,300 USD per year.

Business/Economics, International, U.S.

Chock Full o’Crap Western News Media: Korea South caves to Iran’s growing Purchasing Power!

“Iran is one of the major importers of Korean products. And in the eventuality that the policy of sanctioning Iranian oil is implemented, then that nation will suffer.”-Rostam Qasemi, Iranian Oil Minister

On 02 July 2012, I posted how Korea South (a U.S. ally/puppet) was getting around oil sanctions against Iran, by using Iranian tanker ships.

On 03 July 2012, Iranian media revealed the reason Korea South went against its master’s (United States) wishes: Iran has more purchasing power than the United States!

On 26 June 2012, Korea South announced they would stop oil shipments from Iran.  Iranian diplomats quickly threatened the embargo of all products made in Korea South.  Officials in the southern half of Korea did the math and decided it was not economically sound to go along with the puppet master’s (U.S.) oil embargo against Iran.

Just how much does Korea South rely on Iran for trade?

In 2007 Korea South signed a trade agreement with Iran.  According to the Korea International Trade Association, exports to Iran have increased 32%, while imports of Iranian goods increased 63.7% (the way the data was presented wasn’t clear, the percentages could be 32% for imports and 63.7% for exports)!

“Korea’s shipments to Iran amounted to $6 billion [USD] last year.”-Korea Times

The Korean Times reported that the threat by Iran, to embargo all southern Korean products, would slam 2,900 companies!

There are at least two petroleum companies from southern Korea working in Iran, and they have backing from U.S. investors!  In fact U.S. companies are involved with at least $1.4 billion USD worth of North American investments into Iran!

Here’s the bottom line; Iran is a big spender, and they pay in cash or trade!  The United States is broke, and they pay with credit, or steal it from you with bogus War on Terror tactics.  Who’s gonna get the World’s business in the long run?

 

Fukushima

Government Incompetence One Year Later: 600 page report blames ongoing nuclear disaster on idiots in government! Faulty construction of disaster reactors blamed!

“The accident was not a natural disaster but was obviously a man made disaster.”-Fukushima Nuclear Accident Independent Investigation Commission

On 05 July 2012, the results of a months long Diet (Japanese parliament) investigation into the ongoing nuclear disaster at the General Electric designed Fukushima Daiichi nuclear power factory, places blame squarely on Tokyo Electric Power Company (TEPCo), and the government.

The report also stated that failings in management began years before the  March 2011 disaster.

The report criticizes government response to the nuclear disaster.  The former prime minister who was in charge last year, Kan Naoto, gave a typical Japanese political response, agreeing with parts of the report and refuting other parts.

The report said that construction of Fukushima Daiichi was not up to earthquake standards, as claimed by TEPCo. The report says the nuclear disaster might have actually started with the earthquake, not the tsunami.

Government and corporate leadership only made things worse: Self serving attitudes of leaders resulted in willful negligence, both in the construction of the nuke plant, and the disaster response.

There were plenty of opportunities for TEPCo to upgrade Fukushima Daiichi with stronger construction and better safeguards.

In the first hours of the disaster the government interfered at different levels, causing confusion within corporate chains of command.

The government also confused the general public, by giving reports that conflicted with media reports. In some cases government reports outright contrasted with events watched live on Japanese TV  (I remember watching live on the internet as the tsunami swept over three story buildings, then heard a government official saying the waves were only 3 meters tall!!!)!

The government issued confusing evacuation advise, in some cases people actually evacuated into areas being contaminated with radiation. The report suggests that government leaders were trying to avoid taking full responsibility for the disaster by making evacuations voluntary, and using terms like “just in case”.

Another issue was the announcement of radiation danger zones long after the nuclear disaster began. The report says the government had radiation data for a whole month before hand, and could have declared the danger zones much sooner.

The Fukushima Nuclear Accident Independent Investigation Commission (NAIIC) began in December 2011, interviewing 1,167 people, including former government and TEPCo officials.   The NAIIC is planning “…to make an English version of the final report to show it to the world.”-Kurokawa Kiyoshi, lead investigator

Japanese version of report here.

 

 

Fukushima

One Year Later: Fresh water fish more radioactive than salt water fish! More proof that you need lots of salt in your diet!

03 July 2012, the Ministry of Environment in Japan discovered that fresh water fish are more susceptible to radiation contamination than salt water fish.

From December 2011 to February 2012, they sampled fish from rivers, lakes and eight locations in the Pacific Ocean.  Fresh water fish were much more contaminated than salt water fish.

In a river north of Fukushima Daiichi nuclear plant, goby fish were found with 2,600 becquerels per kilogram of cesium!  The highest readings of cesium in salt water flounder and bass were 260 becquerels per kilogram.

The researchers speculate that the salt in the ocean water absorbs much of the radiation, and then the fish excrete it (the concept is similar to the idea of taking iodide pills after a nuclear accident).

Radiation ends up being concentrated in the bodies of fresh water fish.

ONE YEAR LATER: LEFT BEHIND; FUKUSHIMA PETS STILL WITHOUT HOMES, NEW KITTENS FOUND NEAR NUCLEAR PLANT

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?

 

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

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.

Business/Economics, International, U.S.

LIBOR: Evil British Empire banks forced businesses to take on loan insurance, while they jacked up international interst rates! More proof the Too Big To Fails caused the economic crisis! More proof of Trilateral Commission operations!

29 June 2012, British news media reporting the LIBOR scandal isn’t over.  Not only was Barclays (and other British and U.S. banks) involved with manipulating international interest rates, but they also forced smaller businesses to buy loan insurance, “mis-selling” it as a way of protecting themselves from those high LIBOR interest rates!

Recently Barclays settled with the U.S. government over manipulation charges.  Barclays is the tip of the British banking empire LIBOR scandal iceberg, which dominates western economies.

Investigators say the LIBOR fixing took place from 2005 to 2009.  The scandal involved too big to fail banks in North America, Europe and Japan (the regional members of the Trilateral Commission).