“…the markets are basically run by algorithmic trading these days… Nobody’s making investments in the stock market thinking they’re getting a long term investment in the company that they’re buying a stock for. So all we’re looking at is trading on news.”-Catherine Mann, Brandeis University International Business School, and former member […] Continue Reading…
The governor of Fukushima Prefecture, Yuhei Sato, ordered all nuclear reactors in the prefecture, to be shut and scrapped. There are ten nuclear reactors in Fukushima Prefecture.
The residents of Fukushima know that it will have a huge negative impact on their local economy, but they say it’s better than trying to live with an […] Continue Reading…
Tokyo Electric Power Company has been forced to admit that serous melt downs took place in reactors 1, 2 and 3, of the Fukushima Daiichi nuclear plant.
Independent researchers confirmed that melt downs did occur, and were severe enough to melt through the reactor cores into the bottom of the containment vessels. Some melted fuel […] Continue Reading…
There are reports that the tax collector of the U.S. government, the Internal Revenue Service (IRS), is holding back on refunding $153 million in overpaid taxes!
IRS officials claim it’s because of postal addresses they just don’t trust. So they’re not going to mail them out! 99,123 U.S. taxpayers are waiting for those refunds!
Here’s the […] Continue Reading…
“The airline industry has the worst financial performance of any of our major business sectors. While the industry has enjoyed some profitable years, airline operators as a whole have lost money since deregulation in 1978.”- from Current Situation and Future Outlook of U.S. Commercial Airline Industry, September 28, 2005
In September 2005, the U.S. House […] Continue Reading…
On November 29 the oldest operating U.S. airline, American Airlines, filed for bankruptcy. But before anyone gets excited, look at the facts.
The new CEO of American Airlines, Thomas Horton, blames his company’s losses on the cost of union labor. He specifically calls union labor “cost disadvantages”.
First off, the majority of American Airlines aircraft are […] Continue Reading…
“It feels like Helena and Cosby are caught in the cross hairs. There is a big battle going on and we are the ones that are going to suffer.”-Marianne Price, Montana resident who relies on the U.S. Postal Service
Recently, the President of the National Association of Letter Carriers, Fred Rolando, said certain actions by […] Continue Reading…
At the peak of the Great Depression, in 1933, 12.8 million people were officially unemployed in the United States. According to the U.S. Bureau of Labor Statistics we’re already past that; 13.9 million officially unemployed!
Now take into account that some sources are saying that the Bureau of Labor is intentionally under reporting the numbers; […] Continue Reading…
“Russia is Mazda’s second largest market in Europe and sales are rapidly increasing. Mazda sold approximately 28,000 units during the period from January through September 2011, a year on year increase of approximately 77%!”-Mazda Motors statement
Mazda announced they’ve made an U.S.$80 million joint venture deal with Russian car maker Sollers. By […] Continue Reading…
The head of Bank of Japan announced that as long as Europe struggles with a credit crisis, the value of the Japanese yen will keep going up. That’s bad when Japan’s economy is based on exports. The more their yen is worth, the more their products will cost.
Masaaki Shirakawa said the result is that […] Continue Reading…