Tag Archives: wall street

Fukushima

Corporate Incompetence meets Investor Vengeance: TEPCo stockholders sue Nuclear Disaster Reactor company for $71 billion!

42 major Tokyo Electric Power Company stockholders are demanding that auditors for the company sue the 61 current, and former, corporate executive members of the nuclear disaster reactor company.

They claim the executives failed to keep their promise to make the Fukushima Daiichi nuclear plant earthquake and tsunami proof.  Japan has been suffering from the ongoing radioactive emissions for more than eight months.

The shareholders want more than 5.5 trillion yen (U.S.$71 billion), the highest ever demanded in a lawsuit in Japan.

The investors said if the TEPCo auditors did not file a lawsuit against the executives, within 60 days, they would do so themselves.

International, Opinion, U.S.

World War 3: U.S. sells first strike bunker buster bombs to United Arab Emirates, proof that we’re going to war against Iran

According to the Commonwealth controlled (British Empire, via Rupert Murdoch) Wall Street Journal, warmonger U.S. President Barack Obama is about to sign off on a deal to provide the UAE with bunker buster bombs.

The WSJ article claims that the UAE is about to buy 4,900 JDAMs.  These are not necessarily bunker busters, but could be configured as such.  JDAM stands for Joint Direct Attack Munitions.  Basically it’s an advanced smart bomb that can be set up with a variety of explosive material, depending on what the target is.

The UAE deal is part of a trend. In recent months the United States has already sold thousands of JDAMs to Saudi Arabia and Israel.

Bunker buster bombs are not defensive weapons, they are first strike weapons, used when you invade a country.  This is why the sale of these weapons to Middle Eastern countries, who don’t like Iran, is a sign of a coming attack on Iran.

Russian media say the UAE arms deal also includes Hellfire anti-tank missiles.  Iran has the largest tank force in the Middle East.

Regarding the WSJ, as well as most U.S. media sources, being controlled by the British Empire; a clue is that many times they use Commonwealth English grammar rules. In their article about the JDAM sale to the UAE they punctuate the abbreviation for UN, and UAE.  That’s incorrect for U.S. English grammar rules: “In American English, U.S. (with periods) is more common as the standard abbreviation for United States, although The Chicago Manual of Style now deprecates the use of the periods (16th ed.). US (without periods) is generally accepted in most other national forms [such as British English] of English. In longer abbreviations incorporating the country’s initials (USN, USAF), periods are not used.”-Wikipedea: Manual of Style

I had a college professor try to clarify the rules; he said only abbreviations for country names, and proper names for people get punctuated in U.S. grammar rules.  Organizations and business names do not. The UN is an organization, not a country.

In fact, even military vehicles used in UN peacekeeping operations do not punctuate the “UN” painted on their vehicles.  The U.S. military stopped punctuating their abbreviations in the late 1940s, when the new standardized U.S. grammar rules were finally adopted.  USAF=United States Air Force, USN=United States Navy, USMC=United States Marine Corps and USA (without punctuations)=United States Army.  So the next time you see a product labeled “Made in USA” (no punctuations) does it mean it was made by the United States Army, or that the company is ignorant of U.S. grammar rules?

What about the UAE (United Arab Emirates)?  The UAE is actually a confederation of seven smaller emirates. Despite many sources calling the UAE a federation, it can not be, because each ruler of each emirate maintains supreme authority within their emirate.  Therefore the UAE is not a “country”, but an loose organization of smaller countries.  This is the case with the failed Confederate States of America.  In fact being a loose confederation was a primary reason for their losing the Civil War (War Between the States) in the 1860s.

The same can be said for the Commonwealth of Independent States, or CIS.  This is a confederation of countries lead by Russia, and includes many former members of the Soviet Union.

However, even Wikipedia: Manual of Style confuses the issue: “For consistency in an article, if the abbreviated form for the United States appears alongside other abbreviated country names, avoid periods throughout; never add full stops to the other abbreviations (the US, the UK, and the PRC, not the U.S., the U.K., and the P.R.C.).”

In the case of the WSJ article, it’s interesting that they punctuate U.S. and UN (the article was written by three people).

Did I distract you enough from the preparations for war with Iran?

Business/Economics, U.S.

Occupy America: Police harass newspaper videographer following suicide of war veteran who joined the OWS protests

“Get out of here, now!”-James Trieb, Burlington Detective

In Burlington, Vermont, a local newspaper videographer revealed that the local police tried to stop his coverage of the suicide of a war veteran at the Occupy Burlington demonstrations.

The newspaper’s editor said it was a public news event that justified being covered: “It occurred in a public place where there has been a lot of controversy.”-Michael Townsend, Free Press Executive Editor

The video of the incident is posted on the newspaper’s website.

 

Business/Economics, International, U.S.

Occupy America: People, including war veteran, shot and killed at protests

On November 10, in two separate incidents, two people were shot and killed during protests on the east and west coasts of the United States.

On the west coast, in Oakland, California, what appears to be a gang shooting took the life of a man who might have used the protest to try an hide from his killers.  Occupy Oakland demonstrators claim the man was not part of the protest.

On the east coast, in Burlington, Vermont, a 35 year old War on Terror veteran shot and killed himself as a form of protest.  Occupy Burlington demonstrators say the man told them of the government’s failure to help him with a condition he developed due to his military service: “This person has clearly needed more help than we were capable of giving him here at this park.”– Emily Reynolds, University of Vermont student

Back in Oakland, paranoid city officials are ignorantly blaming the possible gang shooting on the Occupy protestors: “I have been very vocal on the fact that this cannot continue. I think fear has become a reality. They should pack up and leave, if not, we should take whatever action is necessary.”– Ignacio De La Fuente, Oakland City Councilman

In Burlington, the veteran’s protest by suicide has encouraged more people to openly protest.  It’s also encouraged the Burlington police to get violent: “We’re dealing with a large group of people. We have stuff available. We have to.”-Andi Higbee, Deputy Police Chief

Burlington media says up until the veteran’s suicide local officials had been tolerant of the Occupy protest.  That has changed, and the mayor of Burlington is even using the suicide to mount an anti-gun campaign: “We need to reflect on guns in Vermont.”-Bob Kiss, Burlington mayor

Business/Economics, International, U.S.

Global Economic War: New Greek & Italian Prime Ministers part of Rockefeller’s Trilateral Commission’s push for one world government

News of who the new Greek and Italian Prime Ministers are, has calmed European stock markets, mainly ’cause these guys are part of the corporate team.

In an earlier posting I postulated that the European debt crisis is part of a plan by the Corporate World to take over Europe (it’s too late for the U.S., why do you think taxpayers were made to bailout the big banks? Think about it, in Europe it’s the other way ’round; the big banks are bailing out the governments).

Now there’s proof of such a conspiracy in the announcement of the new Greek and Italian Prime Ministers, both of whom have a sinister connection.

Meet the new Greek PM, Lucas Papademos.  He’s got all kinds of college education, including MIT.  He taught at Columbia and Harvard.  He’s worked for the U.S. Federal Reserve (a private bank), was the Governor of the Bank of Greece, and was the Vice President of the European Central Bank.

Meet the new Italian PM, Mario Monti.  He too has all kinds of education, including Yale.  He spent a lot of time with the European Commission in which he focused on internal markets, financial services and financial integration, customs, and taxation.  He’s also been pushing to turn the European Union into a true federal government of Europe.  He’s a member of the Bilderberg Group (that should worry you).

Here’s the sinister connection between the two: Both are members of the Rockefeller founded Trilateral Commission.  In fact, Mario Monti is the current European Chairman of the Trilateral Commission!

The Trilateral Commission was founded by David Rockefeller in 1973.  The official goal is to foster economic and political co-operation between Japan, North American countries and European countries (notice these are the regions that are currently in big economic trouble).

In 2000, the Japan membership was expanded to include many other Asian countries, and is now called the Pacific Asia Group.

The appointment of Mario Monti as Italian PM, and Lucas Papademos as Greek PM, violates a Trilateral rule.  The rule says no official member of the commission can hold public office  (I don’t think they actually enforce that rule).

Former Republican U.S. Senator, Barry Goldwater, said the Trilateral Commission is “…a skillful, coordinated effort to seize control and consolidate the four centers of power: political, monetary, intellectual, and ecclesiastical…[in] the creation of a worldwide economic power superior to the political governments of the nation states involved.”

In 1975 a report was made for the Trilateral Commission. It was called: The Crisis of Democracy: On the Governability of Democracies.  The report criticized Democracy because the “…impulse of democracy is to make government less powerful and more active, to increase its functions, and to decrease its authority.” It also said the problem with the United States was that it had “…an excess of Democracy.” (looks like they’ve succeeded in turning that around)

Noam Chomsky said the report was “…the ideology of the liberal wing of the state capitalist ruling elite.”

Currently there are several credible conspiracy theorists who claim the September 11, 2001 attacks on the U.S. were part of a Trilateral plot to take over the governments of the Western world.

If the appointment of two current members of the Trilateral Commission to the positions of Prime Ministers (in supposed violation of the Commission’s own rules) isn’t enough to convince you of a sinister plot to create a one world government (at least a one Western world government), then I don’t know what will.

 

 

 

Business/Economics, Idaho, U.S.

Occupy America: Foreclosure is not the end, Idaho one of many states that allow banks to sue you for money they lost on your home foreclosure. It’s now part of Wall Street’s new investment scheme

“I wish somebody had come to us, you know, in the months before all of this happened and said, look, you really, really should look at a short sale or taking any other option other than foreclosure.”-Ben Jensen, Idahoan who lost home to foreclosure and was still sued by Bank of America

Did you know that as many as 40 U.S. states allow banks, and debt collectors to sue you even after a home foreclosure is finalized?  It’s called ‘deficiency judgment’.

Idaho attorney Brian Webb, says he’s seeing a sudden increase in such legal action by Corporate America:  “I only probably handled five or six in 2010; versus 2011, it’s been, you know, off the top of my head, between 15 and 25 deficiency cases.”

If you lose your home to foreclosure you could get hit with a lawsuit fives years after the fact: “In many other states around the country, homeowners find themselves subject to deficiency actions one, two, three, four or five years after they’ve been foreclosed.”-Geoff Walsh, National Consumer Law Center

Another Idaho attorney, Terri Pickens, says the sudden increase in deficiency judgments are due to a disturbing new trend; banks are selling their deficiency claims to collection agencies.  It’s all part of Wall Street’s new “investment” strategy: “I do know some private investors who are coming in and purchasing up bank loan packages and have been paying literally pennies on the dollar; just sitting on the paper, waiting for the right time to collect on it.”

 


 

 

 

 

Business/Economics, Idaho, U.S.

Occupy Idaho: Bank sues Mayor for business loan, Mayor says her business is not in trouble

Coeur d’Alene Mayor Sandi Bloem was shocked to learn that her jewelry store is being sued for more than $80,000.

Panhandle State Bank says the lawsuit is over a $75,000 loan made back in 2005.  Bloem says she was in the process of renegotiating the loan, and never had any indication the bank was going to sue.  She says her jewelry store is not in financial trouble, even though the bank says she failed to pay off the loan.

 

Business/Economics, International

What Economic Recovery? Japanese needing welfare help hits record levels: 2.05 million

The number of people in Japan, who need help with basic needs keeps going up month after month.  The Japanese Welfare Ministry reports that in July welfare recipients hit a record 2.05 million.

A big jump is in ‘working age households’ (people who’re less than 65 years of age).  That category receiving welfare is now four times higher than 10 years ago.

The Welfare Ministry says since 1995 more people are needing welfare help. However, current increases in welfare recipients are due directly to the 2007/08 credit crisis.  Japanese officials say for the past three years welfare rolls have been increasing by an average of 10,000 people per month!

Business/Economics, International, U.S.

Occupy Wall Street, Class War: Latest study says Big Corporations do not pay their fare share of taxes

Not only are many of the biggest corporations reporting big profits, they’re paying small taxes.  The official tax rate for corporations is supposed to be 35%, but the latest study shows the average effective tax paid is about 18.5%.

Some corporations pay no taxes, and a handful actually have negative taxes!

280 companies in the Fortune 500, that were profitable for all three years between 2008 and 2010, were studied.

111 companies paid effective tax rates of less than 17.5% over the three-year period.  98 paid a rate between 17.5% and 30%.

The average rate is 18.5%.  But wait, there’s more.  Some companies paid zero taxes!  30 actually owed less than nothing over the three years!

Two of those corporations are Pepco Holdings and General Electric.  Over the 2008 to 2010 period Pepco made $882 million in profits, but had a tax rate of -57.6% (yes, put a negative sign in front of that)!   But here’s a bigger shocker: GE earned $10.5 billion, with a tax rate of –45.3%!   How do you make big corporate profits, and then effectively have the government owe you money?

Lobbyists hired by Corporate America convince your elected lawmakers to create more corporate tax breaks.

The study was done by Citizens for Tax Justice, and the Institute on Taxation and Economic Policy.

Fukushima

Corporate Incompetence: TEPCo retracts Fukushima melt down claim!

On 02 November 2011, Tokyo Electric Power Company said Reactor 2 at Fukushima Daiichi nuclear plant was in melt down, again. Now they changed their mind!

TEPCo now says the level of xenon radiation they detected is too low to be from spontaneous fission.  Can these guys get anything right?