Tag Archives: economy

Corporate Evil: Subcontractor admitted to falsifying radiation exposure of employees!

21 July 2012, Japanese health officials were alerted to a case of cover up by a subcontractor to Tokyo Electric Power Company.  TEPCo operates the GE designed nuclear disaster reactors at Fukushima Daiichi.

The president of a subcontractor called Buildup, says one of his executives has just admitted that back in December 2011 he ordered their employees to cover their dosimeters with lead.

By covering their dosimeters the radiation exposure readings were much lower than what the workers were really being exposed to.  As a result Japanese health officials were given lower falsified exposure level data, which allowed the executive to keep his men working in highly contaminated areas.

The executive said he issued the order to falsify dosimeter readings when a radiation alarm went off in the area they were working in.  His main concern was not the safety of his men, but the completion of their work.  He claims he now regrets that decision.

Media Misleading: Some news sources continue to say Romney is king of “small dollar” donations! How is $50,000 per person “small dollar”? Fundraiser held by convicted U.S. war criminal! Oh, and Israelis can’t wait to pay it on July 29!

I’ve noticed some news media sources seem to be marveling at how much money vulture capitalist Mitt Romney has been raising.  They even mislead people by claiming his campaign donations are “small dollar”!

Maybe small dollar if you’re one of the elites!  Try $50,000 per plate dinner fundraisers, that’s at least $10,000 more than what Obama is asking!

The most recent fundraiser was on July 12, in Jackson Hole, Wyoming.  It was hosted by recently convicted (in absentia, in May of this year!) war criminal Dick Cheney: “At the end of the week-long hearing, the five-panel tribunal unanimously delivered guilty verdicts against Bush, Cheney, Rumsfeld and their key legal advisors who were all convicted as war criminals for torture and cruel, inhumane and degrading treatment.  Full transcripts of the charges, witness statements and other relevant material will now be sent to the Chief Prosecutor of the International Criminal Court, as well as the United Nations and the Security Council.”-Foreign Policy Journal

The Jackson Hole war criminal fundraiser started out with $2,500 per person minimum donation and worked its way up to $100,000 for couples who would get to eat right along side Romney and Cheney, and, become a Founding Member of Romney Victory.

Another $50,000 per plate fundraiser for Romney is coming up on July 29, but not in the United States. It will take place in Israel.

But July 29 is a day of fasting for many Israelis, Tisha B’Av, to remember the victims of World War 2.  Does that stop Romney? Nope, his people said they’ll work around it: “Don’t worry, they’re not going to not have a fundraiser. They’ll find a way around it maybe by having a breaking of the fast meal combined with a Romney fundraiser.”-Jonny Daniels, Republican political strategist based in Israel (isn’t that interesting, the U.S. Republican party has strategists based in Israel)

 

 

 

 

What Economic Recovery? GE outsources innovation, spends millions building new China Innovation Center!

“These facilities…will play an instrumental role in building out much needed local innovation capabilities in the critical industries that are key to the region’s long term growth.”-Mark Hutchinson, president and CEO of GE Greater China

On 18 July 2012, unAmerican Corporate America giant, General Electric (GE), announced they’ve opened the China Innovation Center.

This as the Obama administration has been calling for more spending on innovation, but I thought he meant in the United States!  Here’s what he said: “We now live in a world where technology has made it possible for companies to take their business anywhere. If we want them to start here and stay here and hire here, we have to be able to out build and out educate and out innovate every other country on Earth.”-Barack Obama, September 2011

How can you “out innovate every other country on Earth”, when your own corporations are outsourcing the innovation?

The GE China Innovation Center in Xi’an cost $60 million USD to build.  I wounder if GE somehow got any U.S. taxpayer money, or some kind’o U.S. tax break, for their China project?

Qatar & Iran join forces to extact oil from massive oil field!

“The excavations of oil wells in the South Pars Oil Field will bear fruit soon. Two oil drilling rigs have begun working there and one of them in the joint fields. Drillings of these fields have surpassed the depth of 1,500 meters [4,921 feet] inside the earth…”-Musa Souri, Pars Oil and Gas Company

18 July 2012, Iranian and Qatary oil companies have announced they will join forces to take advantage of the massive South Pars field.

Iran has stated that they will be extracting 35,000 barrels per day (bpd) of oil, but, the Persian Gulf country of Qatar just announced their goal will be 450,000 bpd!

 

 

What Economic Recovery? IMF declares European economy in “Critical” condition, calls for Trilateral Commission style single banking system!

“Despite major policy actions, financial markets in parts of the region remain under acute stress, raising questions about the viability of the monetary union itself.”-IMF statement

18 July 2012, the International Monetary Fund has declared the European Union (EU) economy as “critical”.

The IMF is also pushing for the creation of a single banking union for the EU.  Germany is so far opposed to such an idea.

IMF officials say one of the reasons for the critical economic situation in the EU, is that people are pulling their money out of banks.  Example: Some wealthy Greeks pulled their money out of Greek banks and put it into banks of other European countries that were more financially sound.  By creating a single EU banking system it would prevent that.

Despite being “critical” the economy of the EU is still bigger than that of the United States, and directly affects U.S. business, which is why so many U.S. investors are glued to news from Europe.

World War 3: Russia about to pay off debts to Iran, announces financing deal to help Iran avoid U.S. & EU sanctions!

“The problem of the Iranian LCs [Letters of Credit] created by the U.S. and western states’ sanctions against the banking system (of Iran) can be solved by using the banks operating in the Russian regions.”-Alexander Vitalivic, Russian Head of the Iran-Russia Regional Cooperation Workgroup

17 July 2012, Russian officials announced, at the Iran-Russia Regional Cooperation Workgroup meeting, that Russia is willing and able to help Iran avoid any bad economic effects from U.S. and European Union sanctions!

“The presence of small and medium size banks and financial institutions of the (Russian) regions (on the scene of transactions with Iran) will be useful for motivating an increase in exchanges and preventing decrease in exports.”-Alexander Vitalivic

Also, Russian Head of Iran-Russia Joint Trade Council, Yuri Papoyev, announced that Central Bank of Russia (CBR) is ready to make due payments to Iranian parties: “After meetings with the Russian Central Bank officials, they agreed to make due payments and open LCs [Letters of Credit] for Iran in the least time possible.”

Class Warfare: New poll shows U.S. Democrats & Republican voters want to cut the Military!!! Republicans hate benefits for military families! More proof your Elitist leaders are out of touch!

“The idea that Americans’ would want to keep total defense spending up so as to preserve local jobs is not supported by the data.”-Steven Kull, Program for Public Consultation

On 16 July 2012, the Program for Public Consultation (run through the University of Maryland) announced that surveys showed both Democrats and Republican voters want to drastically cut tax spending on the U.S. Department of Defense!

The survey was also conducted by the Stimson Center’s Budgeting for Foreign Affairs and Defense program, and the Center for Public Integrity’s National Security program.

According to the survey, 80% of people who consider themselves Democrats favor drastic cuts to the military, but, so do 74% of people who consider themselves Republicans!

And when the survey asked specifically about healthcare spending on military families and retirees, Republicans jumped on that, with a call for cutting that budget by $7.4 billion USD!

Don’t worry Red voters, Democrats also wanted to cut benefits for military families and retirees, but by only $6.6 billion!

More details here.

 

LIBOR: Barclays says order to rig rates came from Bank of England. Governments calling the shots!

“…unprecedented degree of government intervention in the financial system…..not the first time LIBOR had come up….It didn’t seem an inappropriate action given that it was coming from the Bank of England.”-Jerry del Missier, statements made to U.K. Parliament

16 July 2012, former chief operating officer of Barclays, Jerry del Missier, told a parliamentary committee that the ‘order’ to manipulate interest and currency rates came directly from the Bank of England!

The Bank of England (BoE) is the central bank of the United Kingdom, similar to the U.S. Federal Reserve Bank.  Missier referred to the “lowballing” order from central banks as “…a time when governments were tangibly calling the shots.

Missier, from Canada, quit his job at Barclays just hours after chief executive, Bob Diamond, resigned.

The LIBOR scandal now involves dozens of Too Big to Fail banks around the western world, and Japan’s TIBOR and European Union’s EURIBOR. The scandal involves banks in North America, Europe and Japan (the regional members of the Trilateral Commission).

And don’t blame Obama, this started under the Bush Jr administration!

Check my blog for other LIBOR reports.

One Year Later: Radioactive village fenced off! Rice fields left to contamination!

Midnight 16 July 2012, a ceremony was held as Iitate Village, in Fukushima Prefecture, was officially fenced off.

Iitate is now divided into three zones, based on radiation levels.

In the most radioactive area only people with homes in the area are allowed in, but only for a few hours and never overnight!

This is the beginning of government efforts to manage decontamination efforts, more than one year after the Fukushima Daiichi nuclear accident began.

However, 85% of Iitate is woodland and rice fields, and the government has not announced any plans to decontaminate those areas.