“…just the tip of the iceberg.”-Carl Levin, U.S. Senator from Michigan
The Washington Post reporting that counterfeit parts have been found in weapons used by the U.S. military.
A Senate Armed Services Committee investigation found 1,800 cases of more than one million fake parts in U.S. weapon systems!
70% of the parts have been traced to Chinese […] Continue Reading…
November8, the Environmental Protection Agency (EPA), and the National Oceanic and Atmospheric Administration (NOAA), will begin monitoring for at least three million tons of tsunami debris, due to hit Hawaii by March 2012.
Debris has already reached 900 kilometers (559 miles) west of the Midway Islands. Scientists are warning that the debris (not to mention […] Continue Reading…
First the March 11 disasters in Japan, now the floods in Thailand. Toyota says they can’t get enough parts to build their cars.
Toyota and Honda are suffering major parts supply problems (Honda already cut North American production by 50%).
Toyota is cutting back on worldwide production. November 7, according to NHK, Toyota will be forced […] Continue Reading…
November 8, scandal for Japanese owned camera and industrial equipment maker Olympus: They deliberately kept losses off their finance books since the 1990s.
More proof that corporations can’t be trusted. The scandal wasn’t the result of Olympus officials confessing, it was the result of a third party investigation!
The losses come from securities investments. Company officials […] Continue Reading…
NASA says on November 8, asteroid 2005 YU 55 will come very close to the Earth.
The asteroid is 400 meters (1,312 feet) in diameter, and at the closest point will be only 320,000 kilometers (198,000 miles) from Earth, that’s within the orbit of the Moon.
This isn’t a rare occasion; the last time such a […] Continue Reading…
As of November 5, 2011, some of the fuel stations in the Pocatello/Chubbuck area had dropped their gas prices to $3.29 per gallon. Yet diesel prices remain unchanged, still between $3.99 & $4.09 per gallon. Local gasoline prices had been falling steady for more than a week now, diesel has not.
The morning of November 5, hundreds of Chubbuckians awoke to no water in the their taps. This after a small overnight snow storm (a little early for the Pocatello/Chubbuck area).
The water main break happened in front of a residence and the Saint Paul Catholic Church, on West Chubbuck Road.
The water had blasted its way […] Continue Reading…
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 […] Continue Reading…
A recent survey of Chinese millionaires found that 60% want to leave China. 14% have already left, or are in the bureaucratic process of leaving.
And where do Chinese millionaires want to go? 40% said they plan on moving to the United States. Canada and Singapore are also top choices.
According to U.S. Citizenship and Immigration […] Continue Reading…
WalMart is in trouble in China, because it hasn’t paid rent since 2002, and it lies about what it sells.
According to Chinese media, in 2002 WalMart signed a 15 year lease contract with the Wanguo Shopping Plaza in the northeastern coastal city of Dalian. Problems occurred with the timely development of the property, and […] Continue Reading…