Tag Archives: ows

Government & Corporate Incompetence: More Rice contaminated with Cesium!

The Fukushima Prefectural government says rice from a field in the Oonami district, in Fukushima City, are contaminated with 630 becquerels per kilogram of cesium.

The rice came from one farm.  There are 154 farms in the Oonami district in Fukushima City, they will now test all the farms.

Officials claim the contaminated rice is still in the warehouse and none was shipped to market.

Until now most contaminated rice, in Japan, was just under the government limit of 500 becquerels per kilogram of cesium.  This is the first time rice was found over the limit, and national government officials are now considering banning the sale of rice which comes from Oonami district.

Corporate Incompetence: Olympus now under investigation by the British, FBI also invloved. Olympus officials beg banks for more money

Scandal with Japan’s Olympus only gets deeper.  Now the United Kingdom’s Serious Fraud Office (SFO) confirmed they are investigating.

The SFO, located in a building known as Elm House, says they’re getting help from a former Olympus CEO, Michael Woodford.  He’s already turned over corporate documents he kept after he was fired from Olympus last month.  The SFO also confirmed that the U.S. FBI is involved.

This comes as Olympus held an emergency meeting with 40 banks, to  essentially beg them for more money.

According to NHK, Olympus officials swear they’re actually going to make money this year, however overall sales are slightly down from last year.  Olympus stated they will release their accounting books by the government ordered date of December 14.  They will also reveal who’s responsible for the huge losses from securities investments, as well as buyouts of other companies.

NHK gave no indication of how the bank officials reacted to the emergency meeting with Olympus.

What Economic Recovery: WalMart profits down, again, don’t blame the U.S. consumer, blame inflation

WalMart Stores Inc., the world’s largest retailer, saw its 3rd quarter profits fall below what they expected.  They blame price cutting in an effort to boost overall sales.

WalMart says that compared to the same time last year (3rd quarter, ending October 31), their net income was down 2.9%.  The lower prices did increase overall sales, by 8.2%, but WalMart had cut their prices below what it was actually costing them, which explains the drop in net income.

WalMart officials claim they will continue to keep prices low, despite their suppliers raising their prices (inflation).  They also admit they expect their 4th quarter net revenues to be down as a result, Merry X-mas!

End of Lawsuit may re-invigorate Idaho’s Micron, gets big boost from George Soros, rumors of insider trading

Finally, after more than a year (the last 8 weeks in deliberations), a California jury has decided in Micron’s favor, ending the possibility of Micron having to pay $11.9 billion in restitution.

A California company was suing Idaho’s Micron, along with a South Korean company, claiming they worked together (colluded) to fix computer chip prices, and to interfere with the California company’s ties with Intel.

Since 2009 Micron has fallen from being Idaho’s top employer, after laying off thousands of employees. If they had lost the lawsuit it would have been their death blow.

Even before the verdict the value of Micron stock started going up (possibly due to George Soros).  Bloomberg News reported that Micron stocks are making “unusual moves” upward.

A big reason Micron stock is going up is that billionaire investor, George Soros, recently bought up 484.5 million senior convertible Micron Technology securities, valued at $$477.6 million!  Maybe a positive turnaround for Idaho’s Micron is finally in the works?

Here’s the problem: George Soros started buying up Micron stock days before the California jury made their decision.  This is now starting rumors of insider trading.  But it’ll be tough to prove, after all, how could anyone know what a jury is going to decide, right?  Oh well, it’s happened before.

Government Incompetence: Idaho County violates Federal Law, Federal Judge orders the County to violate Idaho Law in order to pay off fine

In 2010, Boise County was found guilty of violating the Federal Fair Housing law.  They must now pay $5.4 million in fines, with 5.5% yearly interest.

Boise County tried to file for bankruptcy, but a Federal bankruptcy judge found the county can afford the bill.

Now, the Federal district court has ordered Boise County to violate the Idaho law on property tax limits, in order to raise the money to pay the Federal fine.

The Federal court wants Boise County officials to charge at least 3% over the state property tax cap.  Under state law a 2/3rds majority vote must OK such a move.

Idaho State Tax Commission officials are handling this like a hot potato, saying they don’t have the time to review the case, but they are working on a public press release to explain their position.

Boise County is required to make two payments per year, and have already made the first payment of $1.2 million.

 

Government & Corporate Incompetence: Radiation levels increasing in Japanese Rivers!

Japan’s Environment Ministry reports that radiation levels in rivers, downstream of the radiation spewing Fukushima Daiichi, are only increasing.

The latest official readings come from samples taken back in September.

In northern Fukushima Prefecture, the cesium levels were 3,200 becquerels per kilogram in the upstream Niida River.  The cesium levels in the downstream side of the same river were 13,000 becquerels!  That’s triple the levels reported in May!

Cesium levels in the Mano River have doubled!

Kinki University Professor Yamazaki Hideo says the government should step up radiation monitoring in all rivers.

Global Economic War: Japanese industry moving to China

Since the 11 March 2011 disasters, Japanese industries moving to China has increased 65%.  That’s according to the Chinese Commerce Ministry.

There are two big factors why Japanese industries are moving to a mortal enemy’s territory: Money and Electrical Power.

Since the March disasters, including the ongoing Fukushima Daiichi meltdown, about half of Japan’s nuclear power plants are shut down.  The problem is that Japan built it’s current industries around nuclear power.  There just isn’t enough alternative electricity sources to power Japan’s factories.

Also since March, the Japanese yen has been going up in value.  This makes it more expensive to build things in Japan; Japan has no significant resources so it must import everything.

Japanese media are finally getting concerned about the growing unemployment there, mainly because so many factories have shut down and moved out of the country.

I wounder how this will affect the plans to create a TPP (Trans Pacific Partnership), especially since one of its goals is to block out China.

World War 3: Peaceprize winner, Obama, sending thousands of U.S. Marines to Australia. Prep for war with China, or trying to save money?

“With my visit to the region I am making it clear that the United States is stepping up its commitment to the entire Asia-Pacific region.  But the second message I’m trying to send is that we are here to stay. This is a region of huge strategic importance to us.  Even as we make a whole host of important fiscal decisions back home, this is right up there at the top of my priority list.  And we’re going to make sure that we are able to fulfill our leadership role in the Asia-Pacific region.”-Barack Obama, Noble peace prize winner & President of the United States

After nearly four years as President of the United States, Barack Obama finally makes an official visit to Australia, where he announced the deployment of 2,500 Marines!

U.S. officials claim it’s partly at the request of the Australian Prime Minister, Julia Gillard.  Foreign policy analysts say it’s really about surrounding China with U.S. forces, in preparation for war.

Currently the U.S. and dozens of Asian/Pacific countries have been discussing the creation of a TPP (Trans Pacific Partnership, or free trade zone).  China has been deliberately left out of those TPP negotiations.  In fact, many of the governments of the smaller Asian countries are pushing for the TPP as a way of protecting themselves, economically, from China.

Another possibility is that the U.S. Department of Defense is trying to cut costs, shutting down state side bases.  Part of this move, to send the USMC to Australia, includes training of U.S. military pilots in Australia, rather than the U.S.  Obama said U.S. forces will jointly train with their Australian counterparts.

The important thing is that this is definitely an overt move of expansion on the part of the struggling U.S. Empire: “…the first long-term expansion of the American military presence in the Pacific since the end of the Vietnam War.”– New York Times

 

Global Economic Class War: Proof the banks are taking over Europe; the new Prime Ministers were not elected! New governments will not be elected either!

Who elected the new Italian Prime Minister, Mario Monti?  Not the people of Italy, but one man, the Italian President Giorgio Napolitano.

Here’s the thing, in Italy the position of President is not one of much power.  The Prime Minister is the top dog.  It’s like John Boehner appointing Barack Obama’s successor (some people would like that).

Italy’s new national government will not be elected either, it will be hand picked by the new hand picked Mario Monti.   Italian officials are using the excuse that Italy can’t wait for elections.

The same can be said about the new Greek Prime Minister, Lucas Papademos.  He was hand picked, not elected.

Some opponents of Papademos said he’s planning on delaying the scheduled Greek national elections, that are supposed to be held on February 19, 2012.  When Papademos was asked about such a rumor, he simply said that as far as he was concerned, no specific time frame had been set for national elections!

According to the opposition Greek Socialist Party, Lucas Papademos asked for a promise of no political interference in his plans for Greece, and he got it.

This sure looks like the big banks have taken control of Italy and Greece: Both Monti and Papademos have a long history working in the banking/finance industry. Both have gone to university in the U.S., or taught in U.S. universities.  Both men are members of the European chapter of the Rockefeller founded Trilateral Commission!

 

 

Corporate Incompetence meets Investor Vengeance: TEPCo stockholders sue Nuclear Disaster Reactor company for $71 billion!

42 major Tokyo Electric Power Company stockholders are demanding that auditors for the company sue the 61 current, and former, corporate executive members of the nuclear disaster reactor company.

They claim the executives failed to keep their promise to make the Fukushima Daiichi nuclear plant earthquake and tsunami proof.  Japan has been suffering from the ongoing radioactive emissions for more than eight months.

The shareholders want more than 5.5 trillion yen (U.S.$71 billion), the highest ever demanded in a lawsuit in Japan.

The investors said if the TEPCo auditors did not file a lawsuit against the executives, within 60 days, they would do so themselves.