Tag Archives: economy

World War 3: U.S. occupation of Afghanistan; 06 – 08 November 2012. Pakistan restores fuel deliveries to U.S./NATO. Aussie Diggers blown up! Proof the ICG is a government puppet! More U.S. airstrikes! U.S. backed policies encourage corruption. Obama will now focus U.S. attacks on Pakistan!

08 November 2012

Afghan government officials say now that Barack Obama is re-elected, you will see a shift from U.S. combat in Afghanistan to Pakistan: “Our demand from the U.S. President Barack Obama is to pay more attention on militants sanctuaries in Pakistan in a bid to bring peace and stability in Afghanistan and reduce the tension of the international community in Afghanistan.”-Ahmad Zia Seyamak Herawi, spokesman for President Hamid Karzai

Also: “The Democrat Party had four years of experience in Afghanistan and they are aware of the main issues of Afghanistan and specifically Pakistan which has a direct role in the situation of Afghanistan. The election Barack Obama as U.S. president will definitely help for a long term cooperation of Washington with Afghanistan.”-Abdullah Abdullah, National Coalition of Afghanistan

U.S. ambassador to Afghanistan, James Cunningham, said: “President Obama remains committed for a long term strategic cooperation with the Afghan people.”

Interestingly, Pakistan announced it has re-started fuel supply for U.S./NATO forces, through the Kyber Pass.

Mujahideen leaders responded to Obama’s re-election: “Obama should use the opportunity provided by the American people in a better way. Washington should prevent from playing an international police role and should rather concentrate on its domestic issues.”-Zabiullah Mujahid

In Uruzgan Province, at least three Australian Diggers were wounded after the Bushmaster armored vehicle they were in ran over a landmine: “They got first aid at the scene before being evacuated by helicopter….Two have been discharged while the third has been transferred to Kandahar Air Field for further treatment.”-Captain Michael Spruce

In Laghman Province, five Afghan National Army (ANA) soldiers were killed after the vehicle they were in ran over a landmine.

In Paktia Province, local government officials are reporting that a U.S. airstrike killed 15 people.

In Helmand Province, five men, four women and one child were killed, and seven others wounded, when the bus they were in ran over a landmine.

In Nangarhar Province, just three nights after supposedly handing over night time raid operations to the ANA, U.S. forces conducted another illegal night time home invasion. According to locals a 12 years old boy was killed, and three people kidnapped.

In Kandahar Province, a suicide bomber using a motorcycle bomb, blew himself up at a police checkpoint killing three cops, wounding four.

In Herat Province, Afghan Water and Energy Minister, Mohammad Ismail Khan (who is also head of the new Mujahideen Council), has begun re-distributing confiscated weapons to the people of Herat Province.  This comes six days after Khan announced that the newly formed Mujahideen Council (in Herat) will take over military operations after U.S./NATO leaves in 2014.

07 November 2012

In Ghazni Province, an eight years old boy stabbed a cop to death then stole his assault rifle!  Also, Mujahideen remotely exploded a landmine, in an attempt to assassinate an ANA commander (they’re not sure if they were successful).

According to reports by Afghanistan’s National Environmental Protection Agency (NEPA) and the Ministry of Public Health, and the United Nations, increased vehicle traffic has caused an increase in lead poisoning cases in the city of Kabul.  In one study 80% of blood samples had lead.  Is it that gasoline fuel in Afghanistan must not be unleaded?

President Karzai left for Indonesia: “Five pacts will be signed during president Hamid Karzai’s visit to Indonesia which will include friendship pact, agreement on removal of visa requirements for political and service passports, agreement on mutual consultancy and agreement on cultural views exchange between Afghanistan and Indonesia.”

In Paktia Province, an ANA soldier joined the Mujahideen.

In Kandahar Province, a man talking on a phone was targeted and killed by U.S./NATO helicopters.  Also, two local cops joined the Mujahideen.

In Nuristan Province, local officials say U.S./NATO forces abandoned a Provincial Reconstruction Team (PRT) base.

In Badghis Province, 15 local cops joined the Mujahideen. They also brought government supplied weapons with them, including 13 assault rifles, one machine gun and one Rocket Propelled Grenade (RPG) launcher.

In Zabul Province, Mujahideen say they ambushed a U.S. infantry patrol.  They admit they had to retreat when helicopters were called in.

06 November 2012

In Uruzgan Province, a U.S./NATO drone crashed near Kash mountain.  Mujahideen have launched a 12 day offensive operation in Chora district.

In Farah Province, one cop surrendered to Mujahideen.

In Herat Province, locals say Mujahideen have issued a warning, that no one should attend the funerals of police or Afghan government soldiers, as they will be targeted for militant attacks.  Another Mujahideen statement, in response to a recent statement by President Karzai, said they consider U.S. puppet Afghan government cops or soldiers to be traitors to Islam and therefore will target them even in a Mosque.

Also in Herat Province, a 25 years old woman was killed by her brother.  The family said they had her killed because the unmarried woman repeatedly left home without permission, apparently to meet with an uncle.  In a twist, local police are connected to the case, because they forcefully returned her to her family’s home the day before her family killed her.

In the United States, military prosecutors are asking for the death penalty against U.S. Army Staff Sergeant Robert Bales.  Bales, married with two children, is accused of the “methodical” murder of several Afghan families.   Bales wife says he has no memory of the incident.  An Afghan investigation concluded that there was no way Bales could have done the murders by himself, as the locations were spread out over a large area and several bodies had been set on fire using fuel carried in heavy 5 gallon jerry cans.  The time line of the murders does not seem to allow Bales to kill all those people and then return to base to hand carry the fuel to set the bodies on fire.  U.S. Department of Defense, and several Republicans, believe Bales is a rogue soldier who somehow did all on his own.

The murders took place in the Panjwayi district of Kandahar.  The result is extreme hatred of U.S. forces in that area.  On 06 November 2012, Mujahideen reported that they routed a major offensive by U.S. forces.  They say the U.S. used armored and heliborne forces to assault Mujahideen positions in Panjwayi. U.S. forces retreated after two days of heavy fighting.

The Afghan government is threatening to throw out the International Crisis Group (ICG), after it issued a report saying the Afghan government couldn’t handle things after the U.S./NATO pullout in 2014.  Afghan officials also say the ICG report is clearly politically motivated.   ICG is suppossedly …an independent, non-profit, non-governmental organisation…”, yet, in response to the threats by Afghan officials, NATO Secretary General Anders Fogh Rasmussen made a counter threat, warning the Afghan government not to interfere with the ICG!   So much for the ICG being “independent”!

On top of that, Rasmussen stated that U.S. led NATO could stay past the 2014 withdrawal date, regardless of what the United Nations says: “We can have activities in Afghanistan after 2014 if it was required by the Afghan government and this is completely in accordance with the international law. Besides, it would be very good if we have a designated mission by United Nation, but still, we can operate in Afghanistan upon the request of the Afghan government.”

In Logar Province, local officials say a U.S. drone strike targeted an apartment building, killing at least four people.

For awhile now, U.S./NATO/ISAF have stated that “Taliban” forces have decreased in number and strength.  Yet it’s obvious that is not true going by the number of attacks by Mujahideen against the occupiers.  Japanese NHK (Nippon Housou Kyoukai/Japan Broadcasting Corporation) recently aired a report which showed that U.S./NATO/ISAF officials are basing their claims on a program that pays Mujahideen, with cash and jobs, to stop fighting. However, NHK interviewed a Afghan religious leader who said: “Many farmers and unemployed people pretend to be Taliban to the government so they can get cash and work. The government is giving the wrong impression by saying the group [Taliban/Mujahideen] is weakening.”-Mullah Maruf, Islamic scholar

World War 3: Turkey bombs Iraq, Iraq expells Turkish oil company!

08 November 2012, Iraq has expelled the Turkish oil company, TPAO (aka Turkish Petroleum Corporation).

Iraqi government officials refuse to explain why at the moment, but could it have something to do with continued Turkish bombing of Iraq?

On 06 November, Turkish F-16 Vipers bombed northern Iraq, killing two people and wounding three.    Back on 02 October Iraq demanded U.S.-led NATO member Turkey stop its attacks.

Turkey claims it is targeting Kurdish insurgents.

 

World War 3 & What Economic Recovery? Nissan revises expected profits downward!

On 06 November 2012, Japan’s Nissan Motors reduced its expected profits for the Japanese fiscal year (ending in March 2013), by 20%!

Nissan, like Mazda, is blaming most of it on crashing sales in China.  Nissan also blames the bad economy in Europe, and the increasing value of the Japanese yen (which makes Japanese cars more expensive).

Nissan reported sales numbers in China similar to what Mazda reported days ago.  Nissan experienced a 35% drop in September, then a 41% drop in October!

Chinese consumers are boycotting Japanese products (even those actually made in China) over Japan’s take over of an island that China says belongs to them.

Government, Corporate & Media Incompetence! Radiation monitoring devices shown to be inaccurate! $1.8 million to fix the problem!

08 November 2012, Japan’s Science Ministry discovered that 675 radiation detectors, placed around Fukushima Daiichi, are reading at least 10% below actual radiation levels!

Since April 2011 the monitors have been uploading radiation readings to the internet, in real time.

The Science Ministry investigated their devices because independent radiation detection by local governments, and individuals, were consistently higher than the national Science Ministry’s data.  Something I’ve pointed out in past postings, but of course the main stream media goes with official national government data.

In March 2012, residents of Fukushima Prefecture reported that the national government data was too low.  They were ignored.  In April 2012, Green Peace reported that radiation levels were much higher than what the national government was reporting.  Green Peace was blown off.   Even independent Japanese reporters risked their lives going into the radiation contamination zone, then posted their video on YouTube, in some cases showing their radiation detectors pegging at higher than officially reported levels.  They were ignored.

The Science Ministry now says the data from individuals and local governments are correct. The 675 defective official radiation monitors were constructed with the battery housing blocking the radiation detectors’ sensors!

It will now cost Japanese taxpayers $1.8 million USD to fix the problem!

What Economic Recovery? Updated list of more Kmart and Sears closings! Former Sears, now a Kmart, to close in Illinois!

08 November 2012, just hours after I posted and updated closing list, yet another Kmart was revealed to be closing!

It’s a Kmart in Homer Glen, Illinois.  The store originally was a Sears, but was remodeled and turned into a Kmart just last year!

The 82 employees were told on 07 November that they were losing their jobs in late January 2013.

Here’s the updated list, with the Illinois addition.  Also, a Sears scheduled to close in Kentucky is now under independent ownership and is having a grand re-opening this month!

Alabama: Gadsden Kmart (50 jobs lost), Mobile Sears (at least 40 jobs lost), Auburn Kmart (at least 40 jobs lost).

California:   El Monte Sears (at least 40 jobs lost. Damien Arrula, El Monte’s economic development director, said the store manager had lied about what was going on: “The general manager of the store had just indicated to me that they were remodeling.”), two San Diego Sears (at least 80 jobs lost), Pleasant Hill Kmart (more than 50 jobs lost).

Colorado:  Broomfield Kmart (at least 40 jobs lost), Glenwood Springs Kmart (at least 40 jobs lost), Lone Tree Sears (at least 40 jobs lost), Longmont Sears (at least 40 jobs lost), Pueblos’ South Side Kmart (52 jobs lost).

Georgia: Macon Sears (at least 40 jobs lost), Buford Kmart (at least 40 jobs lost), Douglasville Kmart (at least 40 jobs lost), Atlanta Kmart (at least 40 jobs lost), Columbus Kmart (at least 40 jobs lost), Jonesboro Kmart (at least 40 jobs lost), Cartersville Kmart (74 jobs lost).

Florida: Fernandina Beach Kmart (at least 40 jobs lost), Callaway Kmart (at least 40 jobs lost), Orange City Kmart (at least 40 jobs lost),  Deland Sears (at least 40 jobs lost), Stuart Sears (at least 40 jobs lost), West Palm Beach Sears (at least 40 jobs lost), Port St. Lucie Sears (at least 40 jobs lost), Crystal River Sears (at least 40 jobs lost), New Smyrna Beach Kmart (at least 40 jobs lost), Saint Augustine Kmart (at least 40 jobs lost), Pompano Beach Kmart (at least 40 jobs lost),  Jacksonville Kmart on 5751 Beach Boulevard (71 jobs lost), second Kmart in Jacksonville on 4645 Blanding Boulevard (83 jobs lost), Ocoee Sears (102 jobs lost), Pensacola Kmart on Airport Boulevard closed in 2011, Pensacola Kmart on Mobile Highway to be closed by 03 February 2013 (69 jobs lost), Hialeah Kmart (67 jobs lost).

Idaho: Lewiston Sears (at least 60 jobs lost).

Indiana:  Anderson Sears (at least 40 jobs lost), Saint John Kmart (at least 40 jobs lost), Indianapolis Kmart (at least 40 jobs lost).

Illinois:  Melrose Park Sears parts and repair center (50 jobs lost), Fairview Heights Kmart (81 jobs lost), Freeport Kmart (45 jobs lost), Pontiac Kmart (more than 47 jobs lost), and the newly revealed Homer Glen Kmart (82 jobs lost).

Iowa:  Cedar Rapids Kmart (at least 40 jobs lost), Davenport Kmart (at least 40 jobs lost), Burlington Kmart (50 jobs lost).

Kansas: Lawrence Sears (at least 40 jobs lost).

Kentucky: Middlesboro Sears (in September 2012 the Sears store re-opened under independent ownership, official grand re-opening scheduled for November), Winchester Kmart (back in May, Rankin Paynter bought out what was left of the inventory and gave it to charity), Hazard Kmart (at least 40 jobs lost).

Maine: Lewiston Sears (60 to 70 jobs lost).

Maryland: Ellicott Sears (at least 40 jobs lost).

Michigan: Brighton Sears Grand/Essentials,  Harper Woods Sears Full line, Monroe Sears Full line, Adrian Sears Full line, Washington Township Kmart, Chesterfield Kmart, Woodhaven Kmart.

Minnesota: Willmar Kmart, Duluth Kmart, New Hope Kmart, White Bear Lake Kmart.

Mississippi: Jackson Sears Full line, McComb Sears Full line, Columbus Sears Full line.

Missouri: Lee’s Summit Sears Grand/Essentials, Saint Louis Sears Full line.

Montana: Missoula Kmart (50 jobs lost).

New Hampshire: Nashau Sears Grand/Essentials, Keene Sears Grand/Essentials.

North Carolina: High Point Sears, Moorehead Sears, Rocky Mount Sears, Statesville Sears, Durham Kmart (79 jobs lost).

New Jersey:  Lawnside Kmart (about 80 jobs lost).

Ohio: Chagrin Falls Kmart, Springfield Kmart, two Toledo Kmarts, Medina Kmart, Columbus Kmart, Zanesville Sears (67 jobs lost), Trotwood Kmart (71 jobs lost).   Also, Van Wert Sears franchise bought out by Kirk Berryman, owner of Computer & Networking Technologies (CNT), who plans on moving the store to a new location.

Oregon: Roseburg Sears (at least 40 jobs lost), Tualatin Kmart Center (new property owner from California is tearing everything down for new shopping center, so far no indication the Kmart will be part of the new shopping center) .

Pennsylvania: Upper Darby Sears Full line, Pottstown Sears Full line, Pittsburgh Kmart, Wilkins Sears.

South Carolina: Sumter Sears (at least 40 jobs lost), Orangeburg Sears (approximately 50 jobs lost).

Tennessee: Antioch Sears (at least 40 jobs lost), Cleveland Sears (at least 40 jobs lost), Oak Ridge Sears (at least 40 jobs lost), Hendersonville Kmart (at least 40 jobs lost), Morristown Sears (about 70 jobs lost).

Texas: Two Sears parts and repair centers closing in The Woodlands (117 jobs lost), rebuild center in Garland (58 jobs lost).

Virginia: Norfolk Sears (at least 40 jobs lost),  Midlothian Kmart (at least 40 jobs lost), Richmond Kmart (at least 40 jobs lost), Lynchburg Sears (84 jobs lost).

Washington: Walla Walla Sears Full line (in August 2012, it was reported that an independent owner of Sears Hometown stores will open a store in Walla Walla), Lacey Kmart (at least 40 jobs lost), Kelso Sears (47 jobs lost), Lakewood Kmart (59 jobs lost), Bellingham Sears (92 jobs lost).

Wisconsin: West Baraboo Sears (at least 40 jobs lost, local village officials say the store generated 3% of local tax collections), Rice Lake Kmart (about 71 jobs lost).

On top of that, Sears Holdings sold stores to General Growth Properties (GGP), of which it has been reported that most of those stores will be closed.

Here’s the list of 11 Sears stores now owned by GGP:

Iowa: Coral Ridge Mall, and Mall of the Bluffs

Texas: The Woodlands Mall (this does not involve the two repair centers being closed by Sears)

Florida: West Oaks Mall

Utah: Fashion Place, and Provo Towne Centre (note the evil British empire way of spelling town & center. Due to a favorable lease agreement the GGP owned Provo Sears will continue to stay open under Sears Holdings management)

Oklahoma: Quail Springs Mall

Hawaii: Ala Moana Center

Washington: Bellis Fair Mall (Bellingham store, see above)

Minnesota: Apache Mall

Illinois: Market Place Shopping Center

 

Economic Recovery or Civil War? Gun sales in the U.S. expected to skyrocket

07 November 2012, the day after the main stream U.S. media prematurely declared Barack Obama the new President (the Shadow Voters, aka Electoral College, vote to elect the President on 17 December 2012), investors are driving up stock prices for gun makers and those chain stores that sell guns.

Investment analysts say it because investors expect a run on guns, because many supporters of the Second Amendment think a re-elected Obama will result in more gun control laws.

That might be, but there could be another reason: Civil War.

Back in August a Texas judge warned that if Obama was re-elected there would be civil war:   “…he’s going to try to give the sovereignty of the United States away to the United Nations. What do you think the public is going to do when that happens? We are talking civil unrest, civil disobedience, possibly, possibly civil war, OK? Now what happens? What happens? Now I’m not talking just talking riots here and there. I’m talking Lexington, Concord, take up arms, get rid of the dictator. OK, what do you think he is going to do when that happens? He is going to call in the UN troops, personnel carriers, tanks and weapons.”-Tom Head, Lubbock County judge and Emergency Management Coordinator

Seemingly in response, on 06 November several so called Liberals stated on Twitter things like “Vote for Mitt Romney… It’ll better our chances to start a civil war”, “If Romney win second civil war”, “Lady in the polling line say if romney win its gone b a civil war”, “Goin buy a gun tommorow Cus if Romney win I ain’t goin out without a fight”, “If Mitt Romney win get ya gun game up” etc.

Note the pro-gun statements by so called liberals.  Here in Idaho, Democrats are just as supportive of the Second Amendment as their Republican neighbors, and the same can be said of most Idahoans who don’t claim a political party preference.   Maybe that’s why the main stream anti-gun rights north-eastern based & focused U.S. media assume all Idahoans are Republicans?

 

 

What Economic Recovery? Updated list of more Kmart and Sears closings! Sears Canada to focus on consumers’ “wants” and not “needs”. Kmart stores in North Carolina & Australia going down!

08 November 2012, the closing of Kmarts and Sears continues.  This time it includes a store in Australia!

The Kmart store in Katoomba, Australia, is being replaced with a Woolworths.  This comes after the Australian owned Kmart reported increased sales (Kmarts in Australia and New Zealand are not owned by the U.S. based Sears Holdings).

In Canada, Sears is spending money trying to rebuild its image through an advertising campaign.  Officials admitted that Sears doesn’t satisfy ‘needs’, and they will focus on ‘wants’ in their adds: “We sell more wants than needs. What ‘wants’ deliver is inspiration and emotion, happiness, and that was really the emotion we focused on for our brand and tag line.”-Calvin McDonald, Sears Canada CEO

The problem is that in bad economies your average working class consumer must ignore ‘wants’ and are forced to focus on ‘needs’.

U.S. based Sears Holdings announced they will release third quarter earnings on 15 November 2012.

Here’s the updated list, with the North Carolina addition.

Alabama: Gadsden Kmart (50 jobs lost), Mobile Sears (at least 40 jobs lost), Auburn Kmart (at least 40 jobs lost).

California:   El Monte Sears (at least 40 jobs lost. Damien Arrula, El Monte’s economic development director, said the store manager had lied about what was going on: “The general manager of the store had just indicated to me that they were remodeling.”), two San Diego Sears (at least 80 jobs lost), Pleasant Hill Kmart (more than 50 jobs lost).

Colorado:  Broomfield Kmart (at least 40 jobs lost), Glenwood Springs Kmart (at least 40 jobs lost), Lone Tree Sears (at least 40 jobs lost), Longmont Sears (at least 40 jobs lost), Pueblos’ South Side Kmart (52 jobs lost).

Georgia: Macon Sears (at least 40 jobs lost), Buford Kmart (at least 40 jobs lost), Douglasville Kmart (at least 40 jobs lost), Atlanta Kmart (at least 40 jobs lost), Columbus Kmart (at least 40 jobs lost), Jonesboro Kmart (at least 40 jobs lost), Cartersville Kmart (74 jobs lost).

Florida: Fernandina Beach Kmart (at least 40 jobs lost), Callaway Kmart (at least 40 jobs lost), Orange City Kmart (at least 40 jobs lost),  Deland Sears (at least 40 jobs lost), Stuart Sears (at least 40 jobs lost), West Palm Beach Sears (at least 40 jobs lost), Port St. Lucie Sears (at least 40 jobs lost), Crystal River Sears (at least 40 jobs lost), New Smyrna Beach Kmart (at least 40 jobs lost), Saint Augustine Kmart (at least 40 jobs lost), Pompano Beach Kmart (at least 40 jobs lost),  Jacksonville Kmart on 5751 Beach Boulevard (71 jobs lost), second Kmart in Jacksonville on 4645 Blanding Boulevard (83 jobs lost), Ocoee Sears (102 jobs lost), Pensacola Kmart on Airport Boulevard closed in 2011, Pensacola Kmart on Mobile Highway to be closed by 03 February 2013 (69 jobs lost), Hialeah Kmart (67 jobs lost).

Idaho: Lewiston Sears (at least 60 jobs lost).

Indiana:  Anderson Sears (at least 40 jobs lost), Saint John Kmart (at least 40 jobs lost), Indianapolis Kmart (at least 40 jobs lost).

Illinois:  Melrose Park Sears parts and repair center (50 jobs lost), Fairview Heights Kmart (81 jobs lost), Freeport Kmart (45 jobs lost), Pontiac Kmart (more than 47 jobs lost).

Iowa:  Cedar Rapids Kmart (at least 40 jobs lost), Davenport Kmart (at least 40 jobs lost), Burlington Kmart (50 jobs lost).

Kansas: Lawrence Sears (at least 40 jobs lost).

Kentucky: Middlesboro Sears Hard lines, Winchester Kmart, Hazard Kmart.

Maine: Lewiston Sears.

Maryland: Ellicott Sears Grand/Essentials.

Michigan: Brighton Sears Grand/Essentials,  Harper Woods Sears Full line, Monroe Sears Full line, Adrian Sears Full line, Washington Township Kmart, Chesterfield Kmart, Woodhaven Kmart.

Minnesota: Willmar Kmart, Duluth Kmart, New Hope Kmart, White Bear Lake Kmart.

Mississippi: Jackson Sears Full line, McComb Sears Full line, Columbus Sears Full line.

Missouri: Lee’s Summit Sears Grand/Essentials, Saint Louis Sears Full line.

Montana: Missoula Kmart.

New Hampshire: Nashau Sears Grand/Essentials, Keene Sears Grand/Essentials.

North Carolina: High Point Sears, Moorehead Sears, Rocky Mount Sears, Statesville Sears, and the newly revealed Durham Kmart (79 jobs lost).

New Jersey:  Lawnside Kmart.

Ohio: Chagrin Falls Kmart, Springfield Kmart, two Toledo Kmarts, Medina Kmart, Columbus Kmart, Zanesville Sears (67 jobs lost), Trotwood Kmart (71 jobs lost).   Also, Van Wert Sears franchise bought out by Kirk Berryman, owner of Computer & Networking Technologies (CNT), who plans on moving the store to a new location.

Oregon: Roseburg Sears, Tualatin Kmart.

Pennsylvania: Upper Darby Sears Full line, Pottstown Sears Full line, Pittsburgh Kmart, Wilkins Sears.

South Carolina: Sumter Sears, Orangeburg Sears (approximately 50 jobs lost).

Tennessee: Antioch Sears Full line, Cleveland Sears Full line, Oak Ridge Sears Full line, Hendersonville Kmart, Morristown Sears Full line.

Texas: Two Sears parts and repair centers closing in The Woodlands (117 jobs lost), rebuild center in Garland (58 jobs lost).

Virginia: Norfolk Sears Full line,  Midlothian Kmart, Richmond Kmart, Lynchburg Sears (84 jobs lost).

Washington: Walla Walla Sears Full line, Lacey Kmart, Kelso Sears, Lakewood Kmart (59 jobs lost), Bellingham Sears (92 jobs lost).

Wisconsin: West Baraboo Sears Grand/Essentials, Rice Lake Kmart.

On top of that, Sears Holdings sold stores to General Growth Properties (GGP), of which it has been reported that most of those stores will be closed.

Here’s the list of 11 Sears stores now owned by GGP:

Iowa: Coral Ridge Mall, and Mall of the Bluffs

Texas: The Woodlands Mall (this does not involve the two repair centers being closed by Sears)

Florida: West Oaks Mall

Utah: Fashion Place, and Provo Towne Centre (note the evil British empire way of spelling town & center. Due to a favorable lease agreement the GGP owned Provo Sears will continue to stay open under Sears Holdings management)

Oklahoma: Quail Springs Mall

Hawaii: Ala Moana Center

Washington: Bellis Fair Mall (Bellingham store, see above)

Minnesota: Apache Mall

Illinois: Market Place Shopping Center

Some Economic Recovery? Washington & Colorado legalize Marijuana!

“Assuming a fully functioning marijuana market and the assumptions following in this summary, estimated total revenue generated to the state could be as high as $1,943,936,000 over five fiscal years.”-Washington OFM Fiscal Impact Statement (I-502)

On 06 November 2012, voters in the U.S. states of Washington and Colorado legalized the recreational use of marijuana for adults.

Many people will claim this as a victory for civil liberties, but it could result in a huge boost to the economies of those states, as well.

According to Culture Magazine, in 2011 the state of Colorado collected $5 million USD in taxes from medical marijuana use, about $1.5 million more than the state’s electronics and appliance retail industry!

Now Colorado will be able to collect taxes on the recreational use of marijuana as well. According to supporters of the new law, it will also save law enforcement $12 million in the first year, and create $24 million every year for school construction projects.  They estimate that after five years legalized marijuana will result in $100 million per year in revenues and savings for state/local governments!

According to Washington’s own State Office of Financial Management, legalized marijuana will create almost $2 billion in tax revenue for the state, over the next five years!

State officials also expect increased revenue from fees for traffic violations, as a result of driving while under the influence of marijuana.

And by the way, this revenue comes even as the price of marijuana is expected to drop due to the fact that it’s now legal.  In Washington the marijuana tax system is a European style Value Added Tax, meaning it is taxed at production, distribution and at the final sale.  Essentially it’s taxed three times.

The problem now are the threats coming from Washington DC: “One of the nightmare scenarios for Washington is Congress gets really nasty and says, ‘Ha! No more federal highway dollars for you.’ If they do something like that then the financial loss vastly swamps any of the financial gains.”-Jonathan Caulkins, Carnegie Melon University

What Economic Recovery? Economic powerhouse Germany sees surprise drop in factory orders, recession certain!

“…a catastrophe and very bad news….We have a huge problem in the rest of the euro area that now seems to be reaching Germany and its labor market. For the coming quarters, the economic outlook is quite gloomy.”-Thomas Harjes, economist at Barclays

On 06 November 2012, Deutsche Bundesbank revealed that there is no let up in the dropping factory orders for German companies.  September had a 4.7% drop, October saw a 4.6% drop, from the year before.

From October to September (month to month) there was a 3.3% drop, which was much more than analysts had expected.

Factory orders from European Union (EU) customers (Euro-area orders) make up the biggest part of the drop, followed by orders outside the EU (export orders): “The weak economic environment in the euro area and in the broader global economy is having a bigger impact on demand for German industrial goods. Therefore industrial production may weaken further in the months to come.”-Statement from Germany’s Economy Ministry

Germany is considered the economic powerhouse of the European Union.  Almost a month ago the President of the Deutsche Bundesbank, Jens Weidmann, said: “The German economy continues to be in robust shape….”

Now one analyst says Germany “…is unlikely to be spared from a technical recession.”-Annalisa Piazza, New Edge

Christian Ott, an investment bank economist said: “…the [German] resilience has come to an end…”

What Democracy? The late great George Carlin was right! If you vote it’s your fault!!!

“I have solved this political dilemma in a very direct way: I don’t vote. On Election Day, I stay home. I firmly believe that if you vote, you have no right to complain. Now, some people like to twist that around. They say, ‘If you don’t vote, you have no right to complain,’ but where’s the logic in that? If you vote, and you elect dishonest, incompetent politicians, and they get into office and screw everything up, you are responsible for what they have done. You voted them in. You caused the problem. You have no right to complain. I, on the other hand, who did not vote, who did not even leave the house on Election Day, am in no way responsible for what these politicians have done and have every right to complain about the mess that YOU created.-George Carlin