Tag Archives: unemployment

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!

Business/Economics, Technology, U.S.

Class Warfare: Preps for New U.S. Civil War, Evil puppet of Elites U.S. Homeland Security hordes lethal ammo, you are the target!

“It simply does not make sense that they [DHS] would need so much ammunition. If the United States was ever invaded, it would be the job of the U.S. military to defend the country.”–endoftheamericandream.com

A recent article by Business Insider revealed that the Republican created U.S. Department of Homeland Security (DHS), as well as the Immigration and Customs Enforcement (ICE), are hording ammo.

The ammo includes an open bid for 175 million rounds of .223 caliber (5.56 x 45 mm)! This round is used in Mini 14s and in the M16 family of weapons.

They are also stocking up on 450 million rounds of a special made .40 caliber Smith & Wesson pistol round!!!  The bullets are specially designed to ensure a kill because they are “A specially designed hollow-point tip won’t plug while passing through a variety of barriers…”.  They are known as Tactical HST rounds.  Ammo manufacturer ATK says they are designed for “optimum penetration for terminal performance.”

People of the United States, think about it!  Why would ICE and DHS need so much pistol and rifle ammo, that was designed specifically to guarantee a kill?

 

 

 

 

 

 

 

 

Business/Economics, International, U.S.

Class Warfare & What Economic Recovery? Two protesters set themselves on fire in Italy, out of economic desperation

For proof that the Elites are going after everyone below them, just look at what’s happening in Italy.  Two men; one a lowly migrant construction worker, the other a longtime local businessman, tried to kill themselves in protest over what the Trilateral Commission run Itlaian government is doing to their economy!

March 29, 2012, a 27 year old construction workers set himself on fire, because he has not been paid by his employer for months! Verona city police say he is recovering in the hospital.

“…[a] symptom of the utter exasperation felt by the weakest employees!”-Vincenzo Scudiere, CGIL trade union

On March 28, in the city of Bologna, a 58 year old businessman tried to set himself on fire in front of the local tax collections office.  He was angry with the new outrageous taxes Italians are being forced to pay! He is also recovering in a local hospital.

“The tragic tale of the businessman…should help people realize that the divisions between workers and businessmen are a fantasy of the past.”-Sandro Bondi, People of Freedom party

In other words, it’s the Elites versus everyone else (upper class, middle class and lower class)!

Business/Economics, International

Evil Elites & What Economic Recovery? Bank of England says Royal events bankrupting British taxpayers! Proof the Elites are the true Welfare bums!

March 27, 2012, the Bank of England’s governor, Mervyn King, warned the U.K. House of Lords that upcoming celebrations for the Queen’s Diamond Jubilee could bankrupt the kingdom.

King said the celebrations come at the worst time, an economic recession. He also pointed out that it was the expense of last year’s Royal Wedding that actually killed any hope of economic recovery!

The anti-Royal Family group, Republic, revealed that every year it costs U.K. taxpayers 202 million pounds (about $326 million USD) to support the Evil Elite Royals, and that’s not counting their taxpayer funded Royal celebrations!

This proves that the Royal elites are an economic burden, not benefit, upon the people!!!  They are nothing but ultimate welfare parasites!

 

Business/Economics, International, U.S.

Corporate Evil & What Economic Recovery? U.S. Alcoa to close factories worlwide, thousands of people to lose jobs. It’s all because Alcoa wants higher Aluminum prices

March 27, 2012, Sardinian workers are protesting the planned closing of Alcoa’s Portovesme aluminum smelter on the island of Sardinia.  The move could cost Italy the loss of at least 1,500 jobs.

U.S. media last reported that U.S. based Alcoa was making a deal with union workers to keep the factory open, however, European media says that ain’t so.

In fact three potential investors are now suing Alcoa.  The Italian government has been demanding Alcoa keep their factory open.  The Spanish government is also upset because Aloca has plans to reduce smelter operations there.

This is evidence that Corporate America is partly to blame for the continuing economic disaster in Europe!  But it’s not just Europeans losing their jobs, Alcoa is hitting Australians as well.

In Geelong, Australia, Alcoa says it’s closing down operations there, because it doesn’t want to pay its electricity bill!  Alcoa wants a deal from the Australian government, and utility suppliers, in order to keep its Point Henry smelter open.

Alcoa also blames the pending closing of their Australian smelter on the need for $100 million AUD (Australian Dollars) to upgrade the smelter to meet environmental regulations.  600 people could lose their jobs.

But the real reason for the closings of all these Aloca operations worldwide, is that the price of aluminum is not high enough for Alcoa executives.

Recently Alcoa officials said the recent drop in aluminum prices “…will result in a global aluminum industry deficit of 600,000 metric tons in 2012.” Why would that be?  Because the aluminum industry will cut back production until aluminum prices go back up. That means closing down factories, creating thousands more unemployed people.

Interestingly, despite aluminum prices being low, on March 1, 2012, Alcoa announced they were actually raising prices (by 5%) on some of their aluminum products!

Business/Economics, International, U.S.

Global Economic War: Obama attacks Argentina with Tariffs, another case of shooting yourself in the foot!

On March 26, 2012, U.S. President Barack Obama declared a trade war with Argentina.  This comes two days after Argentina sponsored a mission to increase trade relations with the U.S.

Obama says Argentine companies own two U.S. companies, Azurix and Blue Ridge, $300 million USD.  Obama dropped Argentina from “trade preferences”, which essentially put the South American country on the same standing as North Korea and Syria.

The two U.S. companies are owed money, but Argentine officials say every time they try to make a payment those U.S. companies refuse the terms of payment: “The U.S. trade authorities did not accept our proposal to resolve the disagreement of interpretation on the rules of ICSID [International Center Settlement of Investment Disputes]…”-Hector Timerman, Argentine Foreign Ministry

Obama’s decision goes into effect in 60 days.  Argentina is a member of CELAC, maybe that’s the real motivation behind Obama’s action?  The imposition of high U.S. tariffs on Argentina will affect at least $18 million USD in business with U.S. companies!

 

Fukushima

One Year Later: Japan down to just 1 operating nuclear reactor. Domestic economy threatened by lack of electricity!

Since the March 11, 2011, natural disasters led to the nuclear disaster at Fukushima Daiichi, 53 of Japan’s 54 nuclear reactors are now off line.

On March 25, 2012, Reactor 6 in Niigata Prefecture was shut down for regular inspections.  The next, and last reactor to shut down will be Tomari in Hokkaido.

Reactor 3 at Tomari nuclear power plant was supposed to be shut down permanently in April, but the operator, Hokkaido Electric Power Company, decided to delay until May 5, 2012.

While the Tomari reactor is not scheduled for re-start, those that are have been blocked by local governments.  In Japan the local governments have the final word on reactor re-start, and because of the on going disaster reactors at Fukushima Daiichi, the majority of people in Japan are against re-starting any reactors.

For the summer of 2011 Japan’s domestic industries suffered greatly because of an electrical power shortage, even with only about 37 reactors operating.  Attempts were made at other sources of electricity, but it wasn’t enough with such short notice.

Individuals, as well as industries had to deal with power black outs.  This caused many industries to close up, since they needed at least eight continuous hours of electricity (or longer).   As an example, a bread factory needs at least eight hours of electricity to make bread on an industrial scale.  The power black outs took place about every six hours.

Some individuals say they handled the summer without air conditioning well, because it didn’t get that hot (what was that about global warming?).

Now Japan is heading into summer 2012, with not one nuclear reactor up and running.  Officials are scrambling to find ways to convince the local governments to re-start reactors, even bringing in international inspectors to reassure local leaders.

This is one reason the Obama Administration recently exempted Japan from the U.S. oil sanctions against Iran.  Japan will be using a lot more oil to run petroleum fired power generators.

There has been a push for wind power, but, just like here in the United States, there’s been a backlash of people who are against it because those windmills are “eyesores” and reduce property value.

It just doesn’t look good for Japan going into the summer of 2012.