Tag Archives: unemployment

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

What Economic Recovery? Mazda in trouble, needs $2.87 billion cash!

After announcing some very fuel efficient vehicles (which will not be sold in the U.S. for some reason), Mazda has announced that it needs at least $2.87 billion cash! (early reports from Japan said $1 billion)

For the year 2011, Mazda’s said it expected an annual net loss of about $1 billion (to be officially reported at the end of March).  It would make four years in a row that Mazda has lost big money!

To raise the billions of dollars Mazda needs, they’re issuing more stocks. Officials want to get $2.87 billion for the new stocks, but hope stock prices stay high enough that they would get at least $1.25 billion.  Also, Mazda plans to borrow more than $870 million, on top of the cash raised by stock issues!

Mazda needs the money to increase production, and build a new factory in Mexico.  The majority of Mazda’s new cars will be sold in South America, Australia and Asia, not in the United States.

International, U.S.

World War 3: Proof War on Terror is a religious war; U.S. led force commit yet more acts of desecration, and say Oooops We Didn’t Know

“We are deeply concerned about the report of Qur’an or religious materials being damaged, and will get to the bottom of what actually happened.”-Lieutenant Lauren Rago, ISAF

Yet again, U.S. led forces have committed acts of desecration in Afghanistan, this time burning unknown numbers of Qur’ans.  A French photographer reported it, after Afghans working at the Bagram Airfield showed him evidence of the desecration.  Local officials also reported it to the Associated Press.

The sorry ass lying U.S. Marine Corps General, John Allen, gave the now typical response: “These are very, very isolated incidents. We’ve been here a long time. We’ve been shoulder to shoulder with the Afghans for a long time. We’ve been dying alongside the Afghans for a long time because we believe in them. We believe in their country. We want to have every opportunity to give them a bright future.”

Isolated case my ass!!! These “isolated” cases of desecration have been taking place every year since the damn war on terror started in 2001!  Not just in Afghanistan, but in Iraq, and even here in the United States!

In Afghanistan alone, there have been several cases of U.S. forces desecrating bodies of Afghans (which, if I remember my Army FMs correctly, is a violation of UCMJ), including the recent case in which the video was actually posted on the internet.  Then there’s the 2009 case of Qur’ans being burned in Afghanistan. Then the 2010 Afghan riots caused by the false christian pastor in Florida, who wanted to burn Qur’ans.

In 2011, the same false christian carried out his threat, causing widespread protests in Afghanistan leading to the deaths of 30 people, including some UN workers.

Bagram Airfield has been a sore spot for both Afghans and U.S. forces. I suspect that things are going to really heat up now!  Reports say more than 500 Afghans are protesting around the base, throwing fire bombs and chanting “Death to America” and “We don’t want you anymore”.

See pics of Afghans attacking Bagram with rocks and sling shots, while U.S. troops shoot back with guns, here.

The ignoramus USMC General John Allen, said: “Something like this just cannot happen again.”

Yeah, we’ve been telling the Afghans that for more than tens years now!

 

Business/Economics, International, U.S.

Black Horse & What Economic Recovery? EU approves yet another bail out loan for Greece! Yet again it’s too little to do any good

Early morning February 21, 2012, European Union finance ministers approved a 130 billion Euro bail out loan for Greece.

However, on February 20, EU finance minister Johan van Overtveldt, said it would take at least 200 billion Euros!  Obviously this latest loan is not going to be enough, yet again!

Many Greeks are convinced they are being hit by a sinister plot to turn their country into a Third World nation.

…there before me was a black horse! Its rider was holding a pair of scales in his hand. Then I heard what sounded like a voice among the four living creatures, saying, “A quart of wheat for a day’s wages, and three quarts of barley for a day’s wages, and do not damage the oil and the wine!”

Fukushima

Government Incompetence: Japan’s own government experts blame the government for lack of response to nuclear disaster at Fukushima! Only 2 reactors now operating in Japan

Japan’s Nuclear and Industrial Safety Agency is being questioned by their own experts regarding the safety of nuclear reactors.  The Agency responded by censoring their own experts!

A publicized debate held by Agency experts was cut short, when it became clear that the consensus was that the government was accountable for the lack of response to the Fukushima Daiichi nuclear disaster, and that the current “stress tests” were also lacking.

The censorship happened specifically because of criticisms of the Agency’s approval of stress testing done at the Ohi nuclear plant.

Experts were pissed: “I feel deceived!”-Ino Hiromitsu, Professor Emeritus University of Tokyo

“The panel started to fully review plant safety to prevent another Fukushima!  Why are you rushing for a conclusion?”-Goto Masashi, Shibaura Institute of Technology

An official with the Nuclear and Industrial Safety Agency basically said they’re getting impatient, when he pointed out that the experts have already met eight times about nuclear safety.

Japan is now down to just two operating nuclear reactors, out of 54 total.  Most reactors have been shut down for routine maintenance and inspections, but, local governments are the only ones who can OK restart, and so far they all say ‘no way’.

Japan’s major industries rely on electricity from nuclear power plants.  Japan’s crashing economy is being caused in large part to its major industries struggling to operate with so little power plants on line.  The Nuclear and Industrial Safety Agency is probably being pushed to convince local governments to get those power plants back on line.

 

Business/Economics, International, U.S.

Black Horse & What Economic Recovery? Bail out delays; Greece needs loans equal to its total GDP! Greece warned of Third World status. Greeks believe the World is against them, sinister plots

February 20, 2012, European Union finance minister, Johan van Overtveldt, said one of the reasons bail out loans keep getting put on hold is because everyday new problems are revealed.

He says Greece now needs loans at least equal to its GDP, in order to get through the next few years: “So we are talking now about a package that in reality is about 200 billion euros, which happens to be exactly the amount equal to Greek gross domestic product.”

Overtveldt also said what many independent, and traditional economists have been saying; that cuts to Greek government spending will only make things worse: “The negative spiral in which the Greek economy and Greek society have been imprisoned for almost two years will only get worse. The austerity program that is imposed on the country will worsen the recession, which in its turn will worsen the budget outlook.”

He added that it was probably a good thing for Greece to leave the European Union: “It will lead, of course, to a devaluation of the new drachma but that is exactly what is needed to get the economy growing again through international trade.”

In fact many Greeks have been wanting their government to leave the EU, because they think it’s all part of a sinister plot.

Greek author, politician and songwriter, Mikis Theodorakis, says there is a conspiracy to destroy his country: “Germans, for instance, as well as the French, English and Americans, earned billions of Euros from annual sales of war materials, to the detriment of our national wealth….Siemens, for instance, maintained a special department for buying off the influential Greeks in order to sell its products in the Greece market.”

Theodorakis might be right about his beloved Greece being destroyed.  Economist Harlan Green, said the Mediterranean country is on its way to Third World status, and implied that the International Monetary Fund (IMF) was behind it: “Greece is sliding very quickly into being a third world country, and the IMF knows how to deal with third world countries.”

As far as sinister plots go; don’t forget that the new unelected Prime Minister of Greece is a member of the Trilateral Commission!

…there before me was a black horse! Its rider was holding a pair of scales in his hand. Then I heard what sounded like a voice among the four living creatures, saying, “A quart of wheat for a day’s wages, and three quarts of barley for a day’s wages, and do not damage the oil and the wine!”

Business/Economics, International, U.S.

What Economic Recovery? U.S. sanctions against Iran means death knell for French steel factory

On February 20, 2012, French steel workers are occupying the ArcelorMittal steel plant in northeast France.  Two blast furnaces have been shut down since October 2011.

I’ve posted how U.S. sanctions against Iran include the steel industry, and it’s having negative affects, not for Iran but the West!

The shut down of the ArcelorMittal blast furnaces is supposed to be temporary, but last week company officials announced an extension to the shut down.  About 200 employees responded by taking over company offices.  Employees fear the temporary shut down is going to become permanent, no thanks in part to the U.S. and European sanctions against Iran.

Business/Economics, Idaho, U.S.

Black Horse & Government Incompetence: Mortgage Settlement money to be used to destroy homes, not keep people in their homes! No protection against MERS! Scams already taking place

Recently the Obama administration announced a victory against the too big to fail banks which are causing the home foreclosure nightmare.  Basically the banks admitted they screwed up, and agreed to pay a huge settlement to help people (lucky enough to still be in their homes) refinance their loans.

But now it’s been revealed that money going directly to state governments can be used for anything, and some local governments will use that settlement money to tear down vacant homes!

The Huffington Post is also reporting that Cleveland, Ohio, has already spent $60 million tearing down homes repossessed by the too big to fail banks.  And that money came from city social programs meant to help the poor!

“We would have much rather spent that money helping families and creating homes rather than knocking houses down that we believe are owned by some very well resourced banks.”-Chris Warren, Cleveland, Ohio’s chief of Regional Development

Now, Ohio is set to get $335 million from the National Mortgage Settlement, and $75 million will be used to tear down homes, rather than get people back into them!

Ohio is getting a big chunk of the settlement money, while New Hampshire is getting a smaller share.  In an opinion piece out of New Hampshire, the SentinelSource says “…investigations have turned up enough reckless and unprofessional behavior on the part of big mortgage loan servicers to justify their paying penalties and granting relief — and in sums far larger than the settlement calls for.”

One aspect of this “settlement” is that states get a large amount of money that has apparently no strings attached. In other words they can do whatever they want with it.

In the case of Idaho, Attorney General Lawrence Wasden said on top of the money going to help keep Idahoans from losing their homes (and the piddly, and I mean piddly!, amounts of money being paid to people who already lost their homes), the state of Idaho gets more than $13 million!

  • Eligible Idaho borrowers will receive an estimated $74,686,493 in benefits from loan modifications and other direct relief.
  • Approximately 5,000 Idaho borrowers who lost their home to foreclosure between January 1, 2008, and December 31, 2011, because of substandard servicing practices, will receive $9,998,041 in cash payments averaging $1,500 to $2,000 for each affected borrower. These borrowers have been identified by their servicers and will be contacted by the settlement administrator.
  • The settling servicers will pay $15,172,779 to fund a program that allows underwater borrowers to refinance their loans.
  • The state will receive $13,932,238.

Notice there’s nothing specific about what the more than $13 million going directly to the government of Idaho is to be used for.

Also, the settlement does nothing to protect homebuyers from MERS (Mortgage Electronic Registry System).  Recently the Attorney General of New York filed suit against the too big to fail banks on the grounds that MERS was causing many of the foreclosures, illegally: “…brought foreclosure proceedings en masse based on deceptive and fraudulent court submissions, seeking to take homes away from people with little regard for basic legal requirements or the rule of law.”-Eric Schneiderman, New York Attorney General

To make matters worse, several states, like Alabama and Virginia, are reporting scams: “The caller requests the consumer’s bank account number and alleges that he will direct deposit settlement money into the consumer’s bank account…  Mortgage borrowers should contact their mortgage servicers directly…”-Kenneth T. Cuccinelli II, Virginia Attorney General

…there before me was a black horse! Its rider was holding a pair of scales in his hand. Then I heard what sounded like a voice among the four living creatures, saying, “A quart of wheat for a day’s wages, and three quarts of barley for a day’s wages, and do not damage the oil and the wine!”

 

U.S.

United Police States of America: Autopsy shows Texas Cops not justified in killing high school student. Teen high on chocolate? Cops force Stepmom to wave legal rights!

On February 17, 2012, the results of an autopsy on a 15 year old, shot and killed by Texas cops, were released.  It shows the cops were not justified!

On January 4, cops shot a 15 year old at Cummings Middle School in Brownsville, Texas.  He died of gunshot to his chest and abdomen.  Associated Press reports say the teen was shot in the back of the head as well.

Police said they believed he was on drugs, and they did not know the gun he was holding was a pellet gun.  The autopsy shows the teenager was not on drugs.  Only compounds associated with chocolate, caffeine and tea were found in his system!

To add insult to murder, the family of the boy said the police forced his stepmom to sign paperwork absolving the cops of any wrongdoing!!!

U.S.

United Police States of America: Police lie about success in solving crimes

“An examination of District homicides found that the department’s closure rate is a statistical mishmash that makes things seem much better than they are. The District had 108 homicides last year, police records show. A 94 percent closure rate would mean that detectives solved 102 of them. But only 62 were solved as of year’s end, for a true closure rate of 57 percent, according to records reviewed by The Post.”-The Washington Post

Washington DC’s Police Chief Cathy L. Lanier claims her police department has a 94% solve rate for homicides in the country’s capitol.  The Washington Post investigated and found that to be a flat out lie!

The Washington Post also investigated the method the DC police use to claim their solve rate, and discovered that it’s used by police around the U.S. (it’s the FBI’s Uniform Crime Reporting)

Washington DC’s Police Chief Cathy L. Lanier backs that up: “The UCR guidelines have been used to report on clearance rates as long as anyone here can remember, and is not unique to my tenure as Chief of Police. Most agencies across the country use the same guidelines and rules in reporting homicide clearance rates.”

This means you can not trust your own local police in their claims of solving crimes!

 

 

Business/Economics, International, U.S.

Government Incompetence & World War 3: United States increasingly isolated over Sanctions against Iran. India and Japan still buying Iranian oil. South Korea gets exemption

“India’s decision to walk out of step with the international community on Iran isn’t just a slap in the face for the U.S. – it raises questions about its ability to lead. The Indian government’s ill-advised statement last week that it will continue to purchase oil from Iran is a major setback for the U.S. attempt to isolate the Iranian government…”-Nicholas Burns, former U.S. Undersecretary of State for Political Affairs

India joins a growing list of countries basically telling the U.S., and U.K., to go stuff themselves.  Indian government officials are working with Indian companies to create a system that will let them pay for Iranian oil with Indian rupees.

In Japan, an affiliate of Royal Dutch Shell, says they will continue buying Iranian oil despite pressure from the U.S. government. Showa Shell Sekiyu KK is Japan’s 5th largest refinery, and uses 100,000 barrels per day of Iranian oil.  Officials say they are affiliated with Royal Dutch Shell, but they operate independently and have their own contracts with Iran.  This is also why Iran has not stopped oil shipments to Japan (Royal Dutch Shell is a British/U.S./Dutch controlled company).

Then there’s South Korea, which has managed to convince U.S. lawmakers to exempt more than 2,000 Korean companies from the sanctions.  Not only that, but South Korea’s Woori Bank, and the Industrial Bank of Korea, do business directly with Iran Central Bank.  Their transactions are done in Korean money, thus avoiding the U.S. petro-dollar.