“We will continue our Hefei project, which includes 12 big buildings. I believe, as a clean and stable energy, solar must be promising in the future. I don’t think the behavior of the EU and the U.S. is proper.”-Kenneth Yu, 3M China operations
31 October 2012, U.S. based 3M expects its U.S. sales to fall […] Continue Reading…
01 November 2012, yet another Japanese electronics maker announced they are losing money big time, and for the second year in a row. Sharp predicts it will lose at least $5.6 billion USD by March 2013 (the end of the Japanese fiscal year)!
From April to September 2012 Sharp lost nearly $5 billion, 80% more […] Continue Reading…
31 October 2012, just because a business has interruption insurance doesn’t mean they’ll get paid: “There has to be direct physical damage to the building in order for business interruption insurance to come into play.”-Loretta Worters, Insurance Information Institute
Thousands of small businesses were forced to close shop because of hurricane Sandy, but they did not suffer […] Continue Reading…
“We shouldn’t create at will a political vacuum that would cause policies to stall.”-Yoshihiko Noda, Prime Minister of Japan, 29 October 2012
The “political vacuum” the Prime Minister is talking about concerns his loss of political power: “Noda wants to delay the day of reckoning as long as possible. Who would call an election now […] Continue Reading…
31 October 2012, one of Japan’s electronics giants, Panasonic, announced massive losses by the end of their fiscal year.
Panasonic officials say they expect to have suffered a net loss of more than $9 billion USD by March 2013! They already lost $8.6 billion from April to September 2012!
For the first time in 62 years […] Continue Reading…
29 October 2012
In Wardak Province, Mujahideen ambushed U.S. and Afghan National Army troops. The U.S. and ANA personnel were conducting assessments of local police checkpoints. They were attacked with assault rifles and RPGs. U.S. officials claim they killed three Mujahideen.
In Helmand Province, at least two ANA soldiers were killed (some reports say four) when […] Continue Reading…
“There could be at least three explanations. One is the public discourse about a possible Israeli or American operation deterred them from trying to come closer. It could probably be a diplomatic gambit that they have launched in order to avoid this issue culminating before the American election, just to gain some time. It […] Continue Reading…
“We are talking about the things that still need to be solved and here it became clear that the global economy’s risks are very evident, as is clearly stated in the communiqué. The economic growth outlooks are not as good as we would hope.”-Angela Merkel, Chancellor of Germany
The German leader made the statement on 30 […] Continue Reading…
A Los Angeles Times article points out that the emergency declarations made by President Barack Obama, regarding New York and New Jersey (due to hurricane Sandy), were made without truly assessing the situation.
You can go to the FEMA website, and check out the disaster declarations.
Also, FEMA has a map which shows that at least […] Continue Reading…
“We are anticipating that, based on the storm, there could be impacts that would linger into next week and have impacts on the federal election.”-Craig Fugate, Federal Emergency Management Agency, 30 October 2012 press conference
“I don’t give a damn about Election Day! It doesn’t matter a lick to me. At the moment I’ve got […] Continue Reading…