Tag Archives: disaster

Business/Economics, International, U.S.

Oil & Gas Prices: Saudi oil pipeline blown up in Yemen, again. Yemen in full blown Civil War

“…an armed group fired more than three rocket propelled grenades on the pipeline, setting it on fire for the second time in less than two weeks.”-unnamed witness

For the second time this month, an oil pipeline, belonging to Saudi Nimir Petroleum Company, was blown up in Yemen.  April 11, 2012, a pipeline carrying crude oil from Shabwa to the Bir Ali terminal on the Gulf of Aden was blown up.  It was last attacked on April 2.

This latest attack on the pipeline came one day after anti-government Mujahideen launched a full blown attack against a U.S. supported Yemen army base.  Officials, and local elders, say 60 soldiers were killed,  and 54 Mujahideen were killed.

The Yemen Mujahideen also blew up a natural gas pipeline on March 30.

 

 

 

 

Business/Economics, International

Class Warfare & Privatization: Greek police now operate on rental bases

“…with the decision of Ministers of Protection and Finance, the Greek police is available for hire by private clientele. However, this means if the Greek police is hired by those who can afford it, there are no available forces for those who cannot.”-Proto Thema, Greek news media outlet

The Greek news media outlet Proto Thema reporting that Greek cops will now be rented out.

Greek officials claim this is the only way they can continue to fund law enforcement.

The cost: About $39 USD per hour for one cop, additional $13 if you need a cop car.

Police patrol boat $261 per hour.

Police helicopter $1,960 per hour.

As you can see, only the elites can afford police protection now, and the “people” are still being forced to pay taxes for such “police protection” that they now won’t get!

Greek officials say they have to go with the rent-a-cop plan because crime has skyrocketed, no shit Sherlock, youth unemployment in Greece is at 50%!

International, U.S.

World War 3: Syria begins troop withdrawls, Russia reprimands the United States

“We have already withdrawn some military forces from several Syrian provinces.”-Walid al-Moualem, Foreign Minister of Syria

The Foreign Minister of Syria made the announcement at the same time U.S. and European media were creating rumors to the contrary.

“The U.S. and other countries which have influence over the Syrian opposition had better stop pointing the finger at China and Russia all the time, but rather use their leverage to convince everyone to stop shooting.”-Sergey Lavrov, Foreign Minister of Russia

Russia says the Syrian government is justified in asking for written guarantees of ceasefire from the U.S./Israeli supported rebels.

The Syrian government has until midnight, April 10/11, to get troops out of cities under the United Nations ceasefire deal.  The UN ceasefire plan actually is scheduled to begin on April 12.

 

Business/Economics, International, U.S.

Trilateral Commission Plan in Motion: Japan to join U.S. & U.K. in creating joint military force! Preperations for Total World War?

“We have decided to identify a range of appropriate defense equipment for joint development and production….which contributes to both countries’ security and presents industrial opportunities.”-Japan-U.K. joint statement

Back on March 14, 2012, U.S. President Barack Obama stated, at a White House press conference with British Prime Minister David Cameron, that the U.S. and U.K. would be uniting their militaries, and military industries.  I watched the conference live and not one reporter questioned him on that.  Now Japan has announced they want to join in!

April 10, 2012, Japan’s Prime Minister Yoshihiko Noda, and British Prime Minister David Cameron, have agreed to study the possibility of Japan becoming a partner in joint defense and military research.

Japan has already been working on revising their constitution so their military industries can begin selling weapons to other countries.

This joint military talk comes as Obama issued an executive order, very quietly on March 16, that paves the way for Total War.  The main stream media never reported it.

 

Business/Economics, International, Technology, U.S.

What Economic Recovery? Sony posts record loss, Sharp says they’re about to follow suit, blames the United States for lack of economic recovery

April 10, 2012, Sony announced the biggest loss in its history!

Sony says it lost about $6.4 billion USD for their quarter ending in March!  That’s $4 billion more than they first estimated back in February.

Sony officials blame the monster loss on huge declines in sales in the United States!

Another Japanese company, Sharp, says it will post record loses as well.

Sharp says loses could be as high as $4.6 billion USD, much higher than first thought back in February!

They also blame lack of economic recovery, saying their TV sales have crashed!

Sharp is now forced to sell controlling stake in its liquid crystal panel factory to a Taiwan company, Hon Hai Precision Industry.

 

 

 

Business/Economics, U.S.

False Capitalism & Class Warfare: While social programs are slashed & burned, Corporate America makes billions off taxes! Where are the jobs you elitist A-Holes?

Ever wonder how Corporate America can make money when we Consumers are spending less because most of us have less income?  It’s called “tax loopholes”, or “backdoor subsidies”, or “corporate welfare”!

Citizens for Tax Justice, and the Institute on Taxation and Economic Policy, just updated their recent study on how too big to fail Corporate America is making money off the U.S. tax system.

The study, first published in November 2011, showed that so called Corporate America was actually getting paid by the U.S. tax system due to loopholes.

From 2008 through 2010, 30 of the top U.S. corporations actually had negative tax rates, even though the same 30 companies had total pre-tax profits in the hundreds of billions of dollars!  All together they had a -7.1% tax rate, but Pepsi led the pack with a -57.6% tax rate, and General Electric took second with -45.3%!

For 2011 the number of corporations with negative tax rates dropped to 26.   Pepsi and GE still led the pack with negative tax rates.

Basically what Corporate America is getting is a type of backdoor government subsidy, something right wing neo-conservative Capitalists have always said shouldn’t be done in a true capitalist system.

The study showed that from 2008 through 2011 the 30 companies have received more than $78 billion in total tax subsidies!

Here’s a list of some of the big subsidy recipients: “Wells Fargo alone garnered $21.6 billion in tax subsidies over the four years, followed by General Electric ($10.6 billion), Verizon ($7.7 billion), and Boeing ($6.0 billion).”–Big No-Tax Corps Just Keep on Dodging

Now realize that all this free tax money to Corporate America has not resulted in the creation of the millions of new jobs that are needed to create an economic recovery!

Wake up people!!!  “Accordingly, they [elitist individuals & corporations] ink multi-billion dollar agreements and loot the energy, oil, wealth and existence of the nations, whereas they are the major cause of insecurity themselves!”-Mahmoud Ahmadinejad, President of Iran, April 10, 2012

 

 

 

Business/Economics, U.S.

Corporate Evil: More proof the Too Big to Fail Banks mortgage forclosures are intentional, Bank president pleads guilty in court

April 9, 2012, Gerard Canino, president of New York’s First Class Equities, pled guilty to $66 million USD mortgage fraud scheme.

“As the president and owner of First Class Equities, Gerard Canino should have promoted responsible home ownership and protected the integrity of the mortgage finance industry. Instead, he used his firm to commit a massive mortgage fraud scheme that left scores of foreclosed properties in its wake.”-Preet Bharara, U.S. Attorney  

Canino and his firm recruited “straw buyers”; people who posed as home buyers to purchase distressed properties but who had no intention of paying the mortgages.  The bank loans meant for buying the properties actually went to Canino and his co-conspirators. Court papers said the Long Island based firm ran the fraud from 2004 to 2009.

If you think about it, $66 million is a drop in the big bucket of home foreclosures. 

International, U.S.

World War 3: Big explosions in Afghanistan, conflicting reports

“When a suicide bomber tried to enter the district headquarters, he was stopped by the police but then he detonated his explosives, right at the gate. The explosion was so strong, there are casualties among police and civilians.”-Naser Ahmad Popul, inside the building at the time of the blast.

Big explosion in Herat Province on April 9, 2012. Afghan media reports 9 people killed, 22 wounded.

Afghan media said it was a suicide bomber using a Toyota 4×4, who blew himself up in front of a district office west of the city of Herat.

Another explosion took place in Helmand Province.

U.S. media reports four Afghan police were killed.  Three people wearing explosive vests attacked a police station. Police shot and killed one, but the other two exploded themselves.

Interestingly the Afghan media is not mentioning the Helmand incident, so far.  Also, the U.S. media says the “Taliban” have claimed responsibility for both attacks, yet Afghan media says no one is claiming responsibility.

 

International, U.S.

World War 3: Intelligence officers attacked, U.S. will continue night raids despite “deal”, South Carolina sends 500 troops, Mujahideen keeps out Al Qaeda

April 9, 2012, in Baghlan Province an explosion left seven people wounded.  Three are Afghan intelligence officers.

Officials say a bomb was placed in a culvert, and exploded as the vehicle carrying the intelligence officers drove over it.  Four civilians are wounded as well.

And it has been revealed that despite yesterday’s “deal” signing, U.S. led forces will still conduct night raids, and other special operations.

The deal supposedly gave the Afghan military the lead role in special operations. Even Afghanistan’s Defense Minister said night raids would be done by Afghan forces: “From now on only Afghan forces can search the homes and private properties as part of night operations.”-Abdul Rahim Wardak

Yet the deal allows Afghan military leaders to request that U.S. led forces still carry out such operations “as required or requested”.

The U.S. state of South Carolina is sending 500 members of their state militia to
Afghanistan.  The 169th Fighter Wing of South Carolina’s Air National Guard deployed on Easter Sunday.

The Christian Science Monitor has published an article that tries to explain who and what the “Taliban” Mujahideen groups are, and shows that they are not the same as al Qaeda, and in fact it is the Mujahideen (not the United States) that have prevented al Qaeda from gaining a foothold in Afghanistan:  “Such differences cause natural tensions between the Taliban and Al Qaeda. Al Qaeda has not been able to hijack the insurgency the way it did in Iraq.”– NATO intelligence officer

The Pashtuns (who make up the majority of Afghans) consider the Mujahideen “Taliban” to be their only legitimate political representatives: “One of the most important things to an Afghan, especially in the context of the last 30 years of open warfare, is personal security. The central government and to a degree NATO/Coalition forces have failed in this regard. The Taliban, in the view of ordinary Pashtuns, is the only entity able to impose law and order.”-Matthew DuPee, Afghan Affairs U.S. Naval Postgraduate School

 

Business/Economics, Idaho, U.S.

What Economic Recovery? Department of Labor to end long term unemployment help, even though job creation is slacking, Merry early Xmas!

“It’s a hard cut off, there is no phase out. Nobody gets squat after December 31!”-Bob Fick, U.S. Department of Labor

The U.S. government is ending long term unemployment help (stop calling it “benefits” main stream U.S. media!!!).  Emergency unemployment compensation is being reduced from 53 weeks, to just 13.  Another program known as extended benefits is being ended altogether.

As a result, in the state of Idaho overall maximum unemployment help will drop from 99 weeks to 39!

The official U.S. unemployment rate is at 8.2%, Idaho’s official unemployment rate is around 8%. But that doesn’t mean companies are hiring enough people.

April 9, 2012, U.S. stock markets dropped because of news that hiring is not what everyone thought it was. The U.S. Department of Labor announced that 120,000 jobs were created in March.  That’s 80,000 less than expected!

Many “experts” were sure it would be more than 200,000!   In fact many of those “experts” now think the job gains of the previous three months were temporary, and more losses are to come: “We’re thinking that the economic data is going to lose some momentum from here going forward.”-Bob Baur, Principal Global Investors

Even Federal Reserve chairman Ben Bernanke said the recent drop in official unemployment numbers was “out of sync”.

Teenagers continue to get hit hard with lack of jobs.  The official rate of unemployment for them is 25%!  The highest rate since last year, and getting close to the all time record of 25.5% in 2009 (the highest since 1948)!

Here’s a fact: There are 5.1 million less U.S. jobs now, than in December 2007! The U.S. economy needed to create at least 4.7 million new jobs since then, in order to “recover”, and it has not!

Here’s another interesting fact about the official unemployment numbers game:  New York City is considered to have made a faster “recovery” than the rest of the country, yet their unemployment numbers have gone up!  They’re now around 9.6% unemployment, close to the 10% they hit in 2009.

This is just an example of how you can’t trust the “official” numbers.  Remember, the official unemployment rate does not count people who have been unemployed for so long they no longer qualify for unemployment assistance. Also, the Department of Labor issues at least six different “unemployment numbers”.

U-3 is the one the main stream U.S. media runs with.  It’s the one giving us the 8.2% rate for March.  The Department of Labor calls it the “official unemployment rate”.

But there is also U-6, and it says the unemployment rate is 14.5%!  It’s also known as the “under-employed”, which means people who are working part time but want full time work.  The Department of Labor said there were 7.7 million under-employed people in March 2012.

U-1 is also the “employment to population rate”, which looks at how many people have jobs, and it says 58.5% of the people have jobs.

Then there’s U-4 and U-5 (aka “long term unemployment” or “discouraged workers”) numbers which tries to count people who’ve been out of work for more than six months. It’s now at 5.3 million long term unemployed.

There’s also U-2 which tries to count people who just lost their jobs.

It’s confusing, especially when you get to the “discouraged” calculations.  Examples: U-4 is U-3 + “discouraged workers”.  U-5 is U-4 + “marginally attached workers”.  U-6 is U-5 + “part time workers who want full time work”.

The bottom line is that there are millions of people in the United States still without jobs, or without good paying jobs, and that is a sign that there is no economic recovery.