Lebanese media saying the Syrian government has notified the Lebanese government that it is moving surface to air missiles to the border with Syria and Lebanon.
Lebanese media saying the Syrian government has notified the Lebanese government that it is moving surface to air missiles to the border with Syria and Lebanon.
“This is not part of the global program, it’s just a quarterly cull.”-unnamed government source
03 August 2012, news media in the United Kingdom have discovered that Hewlett Packard (HP) has told the British government they will let go at least 268 employees.
British law requires companies that are laying off more than 20 employees to notify the government.
Despite the unnamed government official’s statement, some analysts believe this is part of the planed layoff of 27,000 HP employees by October 2014.
HP officials in France and Germany said they’re planing to cut their workforce by 10%. In Sweden it could be as high as 14%. Italy and Spain are still awaiting HP’s layoff estimates. Even the announced 268 layoffs in the U.K. are not considered the final cut.
Unions in Britain are claiming that HP will end up laying off at least 1,600 employees. CEO Meg Whitman, refused to answer British media questions.
On 30 July 2012, the Wall Street Journal reported that HP was finding it harder and harder to get credit default swaps on its debt. The cost of such swaps has quadrupled for HP since last year. That’s because more and more investors are worried that HP will end up busted.
Also, HP’s debt load is now at $21 million USD, no thanks to its recent purchase of a company called Autonomy.
As a result HP has turned to General Electric (GE) for financial help.
On 02 August 2012, GE Capital announced they will offer credit to HP resellers. The offer includes 60 days of no interest re-payments: “Resellers of any size can view this kind of financing as working capital that they can use to help grow their markets and expand their businesses. We’re pleased to be working with HP to support its resellers.”-Mike Marcolina, GE Capital Commercial Distribution Finance
28 July 2012
International Security Assistance Force (ISAF) announced: “Two International Security Assistance Force service members died following an insurgent attack in eastern Afghanistan today.”
ISAF also said a U.S. occupier died from a non-combat incident, in northern Afghanistan.
In Paktiya Province, local Afghan government military leaders claim they fought battles with militants from Pakistan. They claim they killed 30 to 40 Pakistanis: “Dozens of militants crossed the Afghan-Pakistan border and stormed Afghan border police check posts in Nahmat Abad area of the Gomal district at about 2 am local time Saturday and the police repelled the attack. As a result 40 militants were killed and 14 injured.”-official statement
In Herat Province, Mujahideen attacked and killed two cops, and wounded three others. Mujahideen also attacked a cell phone tower.
Mujahideen attacks and explosions killed five Afghan soldiers, and wounded four others. The attacks took place in Kandahar, Kunar, Maidan Wardak and Logar provinces.
Germany announced they will consider sending their own armed UAV (drones) to Afghanistan. Germany currently uses drones for recon purposes, in Afghanistan.
27 July 2012
In Paktika Province, Afghan government officials claim to have killed 18 Mujahideen.
Despite earlier claims, by U.S. led occupiers, that attacks are down, a new ISAF report says attacks are up by 11%, compared to last year.
ISAF says a U.S. led occupier was killed by explosion in eastern Afghanistan.
26 July 2012
ISAF says two U.S. led occupiers were killed by explosion in southern Afghanistan.
In Herat Province, U.S. led forces stormed a house during a midnight raid. Local police say the U.S. forces harassed and then stabbed to death a 19 year old in the house.
The former boss of the central bank of Afghanistan (Pashtany Bank) has been sentenced to 20 years for stealing $26 million USD. At least 15 other bank officials have been sentenced to between five and eight years in prison for corruption.
Germany’s defense minister paid a surprise visit to troops in Afghanistan, and hinted that Germany could be there past 2015.
ISAF claims they arrest an explosives expert in Khost Province.
ISAF condemns supposed artillery attacks on Afghanistan by Pakistan.
25 July 2012
President Hamid Karzai orders an investigation into the possibility that Afghan Mujahideen are involved in the growing unrest in the country of Tajikistan.
In Maidan Wardak Province, Mujahideen launched several attacks on Afghan army troops, as well as on U.S. led occupying troops. Occupying troops had to call in airstrikes by helicopters. So far there is only info saying several Afghan troops wounded, and at least four kidnapped.
In Uruzgan Province, at least 20 cops announced they were joining the Mujahideen. Local police officials blame it on the way Australian occupying Diggers are treating local cops: “The Australian soldiers beat the Afghan guards after some verbal disputes in a military camp in Charchino district of Uruzgan province.”-Wali Dad, local police chief
24 July 2012
ISAF reported: “An International Security Assistance Force service member died following an insurgent attack in eastern Afghanistan today.”
In Farah Province, local government officials announced that at least 13 cops defected to the Mujahideen. The defections include the local police commander, who took his police vehicles and weapons with him! Mujahideen claim it was 40 cops who defected.
The U.S. Army says one of their occupiers was killed during a Mujahideen attack in western Afghanistan.
In Kunduz Province, ISAF claims they killed a leader from the Islamic Movement of Uzbekistan.
In Ghor Province, seven children were killed when they found a bomb: “As they pulled a wire attached to the weaponry, the explosion went off killing seven children.”-Abdul Hai Khatibi, local official
In Maidan Wardak Province, battles raged. Government officials claim they killed 15 Mujahideen.
23 July 2012
ISAF said: “An International Security Assistance Force service member died following an insurgent attack in eastern Afghanistan today.“
In Nuristan Province, an Education Ministry official and a student were killed by U.S. drone strike. Local government officials say the victims were traveling in a car when the U.S. missile hit.
In Bamyan Province, several students were murdered.
In Parwan Province, a mysterious U.S. civilian was assassinated, along with his driver and a friend: “He along with two Afghans were driving in a mini-van. Along the road they were chased by two or three insurgents for about half an hour. When they got to a certain area… they were shot at from the [chasing] car.”-unnamed Afghan official
U.S. embassy officials confirm: “We can confirm that a U.S. citizen was killed in Parwan Province on Monday.” Mujahideen have claimed they did it. However, no one is giving out details about the U.S. civilian, other than he was an engineer who had been working in Afghanistan for at least 30 years. That would mean he had been there since the Soviet occupation in the 1980s! Local police say the U.S. citizen was dressed as an Afghan.
In Faryab Province, an Afghan soldier shot and wounded two U.S. occupiers: “An Afghan army soldier opened fire on U.S. soldiers inside a military base… and injured two U.S. soldiers. The attacker was killed in return fire.”-Abdul Satar Barez, deputy provincial governor
In Nuristan Province, ISAF claims to have killed four “leaders” with NATO airstrikes.
In Samangan Province, locals caught a Muslim cleric raping a ten year old girl. He’s now in jail awaiting trial.
In Kunar Province, local officials claim Pakistan is still launching artillery strikes into Afghanistan. They say at least 100 rounds landed in Afghanistan’s territory. Afghan officials now claim that more than 2,000 have been fired from Pakistan in the past two months! Pakistan is denouncing such claims saying: “Pakistani troops only respond to and engage militants from where they are attacked/fired upon.”
In Helmand Province, local officials say in the past two months of fighting 81 civilians have been killed, and 110 wounded! Local government officials also claim they’ve killed 154 Mujahideen!
In a press conference, at the United Nations in New York City, a Syrian UN rep stated that U.S. made Stinger anti-aircraft missiles were being shipped in to rebels, via NATO member Turkey.
Syrian rep states the United States is glad Kofi Annan resigned because the U.S. was against Annan’s six point peace plan. Syria, Russia, China and other countries supported Annan’s plan, but every time the Syrian government tried to implement the plan, rebels would increase their attacks forcing the Syrian government to respond in self defense.
“The LIBOR situation is on our agenda and is a stark reminder of the damage that individual wrongdoing and inadequate systems and controls can have in terms of financial and reputational impact.”-Stephen Hester, CEO RBS
03 August 2012, the Royal Bank of Scotland announced it has fired several employees for their involvement in the LIBOR rigging scandal.
RBS officials said they are cooperating with international investigators.
The government of the United Kingdom owns 82% of RBS.
RBS reported a pre-tax loss of $2.3 billion USD! RBS is also setting aside $211 million to compensate loan insurance customers. Those customers claim RBS lied to them about what they were getting.
Check my other postings about LIBOR.
“December 21 of 2012 will be the end of egoism and division. December 21 should be the end of Coca-Cola.”-David Choquehuanca, Foreign Minister of Bolivia
This recent statement by officials from the South American country has been interpreted as meaning Coca Cola was banned from Bolivia. But David Choquehuanca has come out and stressed that emphasis needs to placed on his use of the word “should”.
(So far the only countries with official bans on Coca Cola are Korea North, Cuba and Myanmar.)
The government of Bolivia has started a campaign pushing for Bolivians to buy products made in Bolivia, not products from the United States.
Bolivia is not alone as Venezuela has also started a similar campaign. Venezuela even banned Coke Zero.
In 2011 Bolivia kicked out McDonalds.
At the end of July 2012, the government of Chile filed suit against McDonalds, Burger King and KFC on the grounds they violate the country’s anti-toy in happy meals law.
Also at the end of July 2012, Venezuela shut down 89 McDonalds for tax evasion.
In March 2012, Peru began enforcing their ban on the sale of food products made with genetically modified crops (aka GMO foods). The ban directly affects Monsanto, Dow Chemical and Bayer (a German company).
Brazil and Paraguay have similar bans as well. Venezuela banned all GMO seeds.
In 2011, Argentina temporarily banned the sale of Blackberry phones and Apple computer products. Argentina has also temporarily banned U.S. beef products.
Brazil has banned specific ingredients in cigarettes, which is hurting U.S. tobacco companies.
On 02 August 2012, Brazil officially banned Chevron from doing business in their country. This after two massive, and unexplained, oil spills (of course U.S. media says the spills were minor).
At the end of 2011, the countries of South America formed their own economic union called Comunidad de Estados Latinoamericanos y Caribeños, or Community of Latin American and Caribbean States (CELAC). The United States and Canada were not invited.
Now, India will be the first country to hold official trade talks with CELAC, scheduled for 07 August: “India enjoys friendly and warm relations with all CELAC countries. They have a shared understanding on the values of democracy, freedom, equality and justice.” Indian Ministry of External Affairs statement
“We went fifty years without any municipal bankruptcies in the United States, and now we are going to get dozens of them. The governing class did not get stupid fast.”-Richard Brodsky, former 14-term New York State assemblyman
(Actually, contrary to Brodsky’s statement, I think there was one chapter 9 bankruptcy in 1994, and another in 2008 [both in California]. But the point is that we’ve never seen the numbers we’re seeing now.)
Since 2010 dozens of cities, counties and local service agencies have gone bankrupt, something not seen in at least fifty years! Analysts are predicting dozens more. The reason is simple: Bad economy means less jobs, and most of the jobs that are available pay a pittance (minimum wage, no benefits). That means less tax revenue for state and local governments.
Some stupid local governments try to make up for it by raising local taxes. That shows you how out of touch your local reps are. If tax revenues are down because most people are making less money, then raising taxes will only make things worse (remember what sparked the U.S. Revolutionary War: Unfair taxes).
2010 Local Government/Service Bankruptcies
Lost Rivers District Hospital, Arco, IDAHO
Lake Lotawana Community Improvement District, Lee’s Summit, MISSOURI
Grimes County MUD 1 and Official Committee of Bondholders, Grimes County, TEXAS
The Southern Connector (toll road), Piedmont, SOUTH CAROLINA
2011 Local Government/Service Bankruptcies
Central Falls, RHODE ISLAND
Jefferson County, ALABAMA
Centerton Municipal Property Owner’s Improvement District 3, Fayetteville, ARKANSAS
Harrisburg, PENNSYLVANIA (courts rejected claim)
Boise County, IDAHO (courts rejected claim)
Barnwell County Hospital, SOUTH CAROLINA
Bamberg County Memorial Hospital, SOUTH CAROLINA
Sanitary and Improvement District 512, Douglas County, NEBRASKA
Mendocino Coast Recreation and Park District, Fort Bragg, CALIFORNIA
2012 Local Government/Service Bankruptcies & Defaults
Harrisburg, PENNSYLVANIA (default)
Suffolk Regional Off Track Betting Corp, Hauppauge, NEW YORK (second filing, first was rejected by courts in 2011)
Hospital Authority of Charlton County, GEORGIA
Rural Water District 1, Cherokee County, OKLAHOMA
Sylamore Valley Water Association Public Facilities, Izard County, ARKANSAS
Stockton, CALIFORNIA
Mammoth lake, CALIFORNIA
San Bernardino, CALIFORNIA
Seven local governments are under emergency management in MICHIGAN
Analysts predict many more major U.S. cities to go bust
Washington DC: In debt by $537 per resident
Detroit, MICHIGAN: In debt by $217 per resident
Honolulu, HAWAII: In debt by $110 per resident
New York City, NEW YORK: In debt by $565 per resident
Almost every major city in CALIFORNIA (beware the saying; “As California goes, so goes the rest of the nation.”)
Camden, NEW JERSEY: In debt by $54 per resident
Cincinnati, OHIO: In debt by $181 per resident
And the biggest loser is: Chicago, ILLINOIS: In debt by $2,353 per resident
“We think this is a situation that we will have to deal with for the foreseeable future.”-Bob Shanks, Ford CFO
“We have overcapacity now in Europe. It isn’t going to come back fast and we aren’t going to be saved by volume.”-Alan Mulally, Ford CEO
02 August 2012, Ford and General Motors (GM) reporting falling profits despite earlier reports of increased sales.
GM reporting a drop in profits of 41% compared to the same time last year. Ford reporting a 57% drop! Both blame crashing sales in the European Union. GM lost $361 million USD in Europe, Ford lost $404 million!
GM’s biggest European brand, Opel, has been losing money big time. German newspapers are reporting major changes in the works, such as reducing pay for employees, layoffs and even ending some production in the United States, shifting that production to Europe then shipping the cars to the U.S. for sale (of course that would mean layoffs for U.S. workers).
Chrysler, now controlled by Italy’s Fiat, was the only one to see an increase in profits. However, Fiat is hoping to use Chrysler to offset Fiat losses in Europe.
Ford also had profit losses in South America and Asia, which is worrisome since those are the two big vehicle sales markets right now. When asked if factory closings and layoffs were in the works, Ford’s CEO said cuts to “all areas of the business” were being considered.
On 14 December 2011 the U.S. House passed HR 1905 (click here for more info). On 01 August 2012, the U.S. Senate passed their version, now it goes before President Obama to be accepted or rejected.
The bill affects other countries, not just Iran, and even U.S. citizens!
Iran Sanctions, Accountability, and Human Rights Act of 2012
“I did not receive all the support that the cause deserved.”