Not even a week after it was revealed that the biggest insurance companies in Japan were dumping their European bonds, a major Japanese investment firm reveals it is doing the same.
Kokusai Asset Management says it has sold off all Italian, Spanish and Belgian bonds that were part of its Global Sovereign Open Fund!
The […] Continue Reading…
Chinese media reporting that Pakistani Prime Minister Syed Yusuf Raza Gilani, just ordered U.S. forces to vacate Shamsi Air Base in Pakistan’s southwest Balochistan province. He gave them 15 days.
This comes less than 24 hours after U.S. led NATO and ISAF helicopters attacked and killed at least 24 Pakistani soldiers. The irony is that […] Continue Reading…
“The Chinese e-commerce market will have a lot of winners, and Amazon China will be one of them.”-Wang Hanhua, president of Amazon China
In 2004 U.S. based Amazon entered the Chinese market, by taking over Joyo.com, a Chinese online book store. They now have a new name: Amazon China.
The new name is a result of […] Continue Reading…
“The regulations ruling the new credit policy and other banking services will enter into force on December 20, aimed primarily at stimulating domestic production, which could generate incomes of foreign currency or replace imports.”-Cuban government statement
In July the Cuban banking sector started granting small loans to farmers, but in December much […] Continue Reading…
“We believe the Department of Commence investigation will show that Chinese government and Chinese solar manufacturers are, and have been, engaged in illegal practices that threaten to decimate a vitally needed renewable energy industry.”-Gordon Brinser, SolarWorld Industries
After many problems affecting construction and causing long delays, on November 21, Hoku’s CEO, Scott Paul, announced they […] Continue Reading…
“We’re relatively pessimistic about the economic outlook in two of our three major regions. 2012 just looks tough to me.”-Meg Whitman, new CEO of Hewlett-Packard
“It’s an extraordinarily unimaginative way to use money.”-Robert Reich, former U.S. Secretary of Labor
What’s the former U.S. Secretary of Labor talking about? Why Corporate America buying back its own stocks. […] Continue Reading…
“We’ve had a lot of scrap metal stolen. This is totally off the wall here.”- Jackie Morris, Power County Chief Deputy Sheriff
A farmer in American Falls, Idaho, had two old International tractors stolen right off his farm, in broad daylight. Witnesses say they saw the tractors being hauled away on trailers pulled by pick […] Continue Reading…
“Nobody ever thinks, ‘Hey, I’m having trouble getting a job now. Let me go get this extra degree and I’m sure I’ll still have trouble.’”-Nathan Bussey
In 2008, Idahoan Nathan Bussey lost his coveted job with Hewlett-Packard. He used the unexpected time off to get an MBA.
Forget the rhetoric coming out of Corporate America, […] Continue Reading…
On November 24, just one day before U.S./NATO helicopters attacked and killed at least 24 Pakistani soldiers, Chinese and Pakistani forces concluded a massive joint war game in Punjab Province.
During the Cold War, China and Pakistan were close allies, it looks like they still are.
Punjab province is one of the largest geographically, and has […] Continue Reading…
U.S. led NATO helicopters attacked a Pakistani checkpoint on November 25, reportedly killing as many as 28 Pakistani soldiers, and wounding 14. NATO officials say they’re investigating, but Pakistan says enough, they closed at least two boarding crossings used to supply U.S./NATO forces in Afghanistan.
Ironically the U.S./NATO attack came about six hours after a […] Continue Reading…