Tag Archives: u.s.

Business/Economics, International, U.S.

What Economic Recovery? While India experiences GDP growth above 5%, the United States continues to stagnate and stink! Blame the government, blame inflation! Could have been worse!

31 May 2012, The U.S. Department of Commerce reported that the U.S. GDP continues to stagnate at 1.9%!  That was for January through March.

Once again, the experts were expecting it to be higher, like around 2.2% (which is still stagnation).  The problem is that the experts were expecting business inventories to be around $69.5 billion USD, instead they ended the 1st quarter at $57.7 billion.

Also, consumer spending was a tiny bit lower than what the experts were expecting; 2.7% instead of the expected 2.9%.

Government spending dropped by 3.9%, also more than what the experts were expecting.

Inflation went up 2.4% (price index for personal consumption), which is twice that of the 1st quarter of 2011!  By the way, the experts got this one right.

The inflation rate for core PCE gauge, which excludes volatile food and energy prices, was at 2.1%, which is up from the 4th quarter of 2011.

But wait, there’s more!  The Commerce Department said the 1st quarter GDP could have been even lower if it weren’t for an unexpected increase in business spending! Business spending went up 1.9%, the experts were expecting it to drop by 2.1%!

By the way, one of the BRICS countries, India, reported an explosive GDP growth rate of 5.3%, during the same time period, and keep in mind that’s a decline from the previous year!

Business/Economics

What Economic Recovery? Toyota cash hoarding by selling bonds. Preparation for coming World economic collapse!

31 May 2012, Japan’s Toyota Motor Corporation announced a huge bond sell off, to raise lots of cash in case of global economic crash!

Reuters reporting that Toyota wants $2.5 billion USD to buy new equipment, however, NHK (nippon housou kyoukai/Japan Broadcasting Corporation) is reporting that Toyota needs “…to increase its cash on hand in case of contingencies stemming from the European credit crisis.”

Toyota already has $62 billion USD in cash on hand, so that doesn’t explain Reuter’s report saying they need the $2.5 billion for new equipment.   The last time Toyota sold bonds was in 2009, in response to the global credit crisis triggered by the collapse of Lehman Brothers!

International, U.S.

World War 3: U.S. occupation of Afghanistan; May 28-30. 5 more U.S./NATO troops killed. Several Dozens of Afghans killed. Proof the War on Drugs is a joke!

30 May 2012: International Security Assistance Force reports two U.S./NATO personnel killed by Mujahideen attacks, and explosions in southern Afghanistan.

At least 172 occupying personnel killed since the beginning of 2012.

According to local security officials in Badakhshan Province, at least eight cops were killed and two wounded after an attack by Mujahideen.  Several police officers are missing.  The attack began late on 29 May and continued into the early hours of 30 May.  Local police officials claim they killed six Mujahideen. The Mujahideen launched coordinated attacks on three police check points.

In Herat Province, Mujahideen attacked an Afghan army check point, killing one soldier and wounding four others. Officials claim they killed four Mujahideen.

In Farah Province one Afghan soldier was killed, and another wounded after an explosion.

In Nangarhar Province about eight civilians were killed.  Five people were killed after their house was attacked with grenades.  Three other people were killed when they drove over a mine.

Afghanistan’s Ministry of the Interior reports that in the past 24 hours 30 Mujahideen were killed or wounded in battles in the following provinces: Kabul, Nangarhar, Faryab, Helmand, Uruzgan, Logar, Ghazni, Paktika and Paktia.

29 May 2012: Another school was targeted with poisoning of the female students. At least 120 girls became sick. This is the third school poisoning in Takhar Province in the past two weeks.  The “Taliban” are being blamed, however, “Taliban” reps swear they’ve had nothing to do with the poisonings.  Public health officials say blood tests are not revealing what poison (if any) is being used.  “Taliban” reps say the Afghan government is behind the poisonings.

Another tribal elder was assassinated while praying in a Mosque in Ghazni Province. Also, in Ghazni city, Mujahideen attacked the eastern part of the city and wounded between three and seven people.

The United Nations reported that only 5% of the Afghan population is involved in producing more than 5,800 tons of opium, or 90% of the World’s illegal opium!  The UN also said that so far less than 2% of the opium produced is being captured and destroyed.  That’s par for the course when you study the lack of success in the 30+ years of the U.S. War on Drugs!

In Nangahar Province two potential suicide bombers were killed, and three wounded after the car they were in exploded.  Officials think there was a mechanical problem which caused one of their bombs to go off too soon.

International Security Assistance Force is claiming they killed an al-Qaeda “leader” in Kunar Province.  They said he was from Saudi Arabia, an ally of the United States.

In Baghlan Province, Afghan officials claim they killed two Mujahideen “commanders”.

28 May 2012: International Security Assistance Force said at least one U.S./NATO soldier was killed by Mujahideen attack, in southern Afghanistan.  Two other U.S./NATO personnel were killed when the helicopter they were in went down in eastern Afghanistan.

Five police officers in Baghlan Province were killed when they drove over a mine.

An Afghan government official was arrested on murder and rape charges. The former deputy chief of the Afghan Passport Department is accused by several people from Badakhshan province of raping and killing women.

In Helmand Province, at least three people were killed when they drove over a mine.  Local officials said they arrested a man suspected of planting the mine.

ISAF, Afghan Ministry of Defense, and Ministry of the Interior, report six Afghan soldiers killed, and between 21 and 38 Mujahideen killed in the past 24 hours.  The battles took place in Laghman, Paktiya, Baghlan, Kabul, Kunar, Nangarhar, Kunduz, Faryab, Kandahar, Ghazni, Khost, Helmand, Uruzgan, Maidan Wardak and Logar provinces.

International Security Assistance Force claims two “leaders” were captured in Kandahar and Paktiya provinces.

 

 

 

Business/Economics, Idaho, U.S.

What Economic Recovery? Idaho’s Coldwater Creek loses money again! Executives oblivious? Stocks worth less than $1.00

Idaho’s Coldwater Creek women’s clothing retailer just posted their 1st quarter 2012 results.

For the 1st quarter, which ended April 28, the struggling apparel company reported a loss of $23.8 million USD.  But that was less than company execs thought they were going to lose!

Chairman and Chief Executive, Dennis Pence, actually takes the news as a good sign: “Customers responded favorably to our spring and early summer collections, which offered an increased emphasis on color, print, and pattern.”

The problem with that train of thought is that Coldwater Creek lost money for the same reason as always, their sales are down!  Pence calls that “responding favorably”?

The news caused Coldwater Creek stock prices to drop to 84 cents per share before the closing bell on 30 May.  But, it’s dropped to 74 cents in after hours trading!

 

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

Oil & Gas Prices: Disparity in fuel prices; Eastern U.S. vs Western U.S. It’s all about supply vs demand! Western U.S. fuel supply lowest since 1999! Expect U.S. fuel prices to drop in long run!

I was upset by a Memorial Day report on one of the mainstream U.S. national TV news programs, ’cause they reported gas prices down across the country!  Wait a minute, I live in the United States and gas prices actually went up where I live!

I noted that the mainstream media report focused only on the eastern half of the United States. I checked the internet for reports concerning the western half, and sure enough fuel prices have been going up here!

In the Pacific Northwest U.S. state of Idaho gas prices average $3.64 USD, according to the American Automobile Association (AAA).  But here in eastern Idaho it’s more like $3.77 per gallon.  In Mackay (pronounced Mac-Key), Idaho, it’s $3.90.

In the U.S. state of California prices are more than $4.00 per gallon. Gas prices have not come down in the past few weeks, even though oil prices have!

What’s going on? Why have fuel prices come down in the eastern half of the U.S. and, in some cases, actually gone up in the western half?

For one, the eastern half has a glut of oil, from the fields in the U.S. state of North Dakota, and from the northern country of Canada.  However, in recent months there was a lot of predictions that fuel prices would actually go up for the eastern half of the U.S., because several major refineries were being permanently shut down.

Two of those refineries are located in the U.S. state of Pennsylvania.  Fears of skyrocketing fuel prices turned to joy when it was revealed, towards the end of April, that Delta Airlines and Energy Transfer Partners will buy those refineries, and keep them up and running!

Also at the end of April, it was revealed that a new refinery, also in Pennsylvania, was up and running on the Delaware River!  It’s primary source of oil is shale oil from North Dakota and Texas.  This is important because it turns out that many of the older refineries can not handle refining shale oil.

Another important fact is that finally new oil pipelines are opening up, helping to get that bottlenecked glut of oil in North Dakota, and from Canada, down to refineries along the Gulf of Mexico, and to ports in Portland, Maine.

Finally, there was a recent report that a new diesel fuel refinery will be built near Williston, North Dakota!

So what’s happening in the western half of the U.S.?

On 22 May it was reported that U.S. oil supplies were at a 21 year high. However, when you look at refined gasoline and break it down between eastern and western U.S. you get a different picture, because you’ll see that having a lot of oil does not translate into having a lot of gasoline.

The very next day, 23 May, the U.S. Department of Energy (DOE) released a report which stated: “PADD 5 gasoline inventories at 24.1 million barrels on May 18, about 5.1 million barrels (17 percent) below typical levels for that date, the lowest for the region since March 1999.”

The DOE explained: “Abnormally low refinery runs on the West Coast since February tightened local gasoline markets, causing both wholesale and retail gasoline prices to rise.”

The DOE blamed reduced fuel supply to the western U.S. on that fact that several refineries were shut down for maintenance.  One of those refineries, British Petroleum’s Cherry Point, in the U.S. state of Washington, should be re-starting.

The DOE also explained that the western half of the U.S. sees higher fuel prices because of a lack of pipelines: “While unplanned refinery outages generally cause retail product prices to rise, the West Coast market is especially sensitive to such shutdowns. That is because the West Coast market is relatively isolated. Given the West Coast’s lack of significant pipeline connections to other markets and relative distance from the active physical trading markets….”

According to the DOE, it takes six weeks for any change in the price per barrel of oil plus any shortage or surplus of refined fuel, to be reflected in western U.S. fuel prices at the pump, but, if there are no further interruptions in western refinery operations prices should start coming down.

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

What Economic Recovery? Problems, and hopes, for east Idaho’s Eagle Rock owner; Areva

Back in March, Areva announced a $3.2 billion USD loss, which is what it would cost to build the planned Eagle Rock Enrichment Facility near Idaho Falls, Idaho.

Now Areva, based in France, is struggling to raise cash just to survive.  But there is also some hopeful news for Areva.

29 May 2012, Areva announced “outstanding” performance results from their Steam Generator Repair Services crew.  They just finished work on the Indiana Michigan Power Donald C. Cook nuke plant:  “Constant monitoring and good peer checking by our team were the key factors that contributed to zero safety incidents and very low dose [radiation exposure].”-Mike Jefferson, Field Operations Manager

 

 

29 May 2012, Finnish media reporting that Areva is five years behind scheduled, for completion of Finland’s third generation nuclear power plant.  Areva officials blame it on the fact that no nuclear plant has been built in Europe for 20 years, resulting in troubles finding reliable supply chains for proper construction materials.

28 May 2012, The Canadian Environmental Assessment Agency started taking final public comments on the possibility of Areva operating a uranium mine located 700 kilometres north of Prince Albert, Saskatchewan.

15 May 2012, Areva announced that it will partner with Japan’s Mitsubishi to search for uranium in Australia.

2 May 2012, Areva announced it was selling its nuclear radiation measurement unit in Australia, to raise needed cash.  CEO, Luc Oursel, says the company needs to raise at least 1.2 billion euros by the end of 2013, to make up for huge loses!  He plans on doing that by selling off Areva assets.

At the end of April 2012, the country of Jordan announced that Areva and Mitsubishi were being considered to build the country’s first nuclear reactor.

 

 

 

Fukushima

Cesium contamination of soil in Japan, from study published in October 2011

The following quotes are from a cesium-137 soil contamination study reviewed in July, and published in October 2011, just months after the Fukushima Daiichi nuclear disaster began.

“The soils around Fukushima NPP [nuclear power plant] and neighboring prefectures have been extensively contaminated with depositions of more than 100,000 and 10,000 MBq km-2…”

“…around 90% of the total deposition of 137Cs occurs with precipitation.”

“…most of the eastern parts of Japan were effected by a total 137Cs deposition of more than 1,000 MBq km-2.”

“Airborne and ground-based survey measurements jointly carried out by MEXT and the US Department of Energy (DOE) (21) show high 137Cs deposition amounts were observed northwestward and up to a distance of 80 km from Fukushima NPP. It was estimated from the first measurement that by April 29, more than 600,000 MBq km-2 had been deposited in the area, which is greater than our estimate of less than 500,000 MBq km-2…”

“Overall, however, the highest potential deposition occurred over the Pacific Ocean…”

The study used soil samples taken by Japan’s Ministry of Education, Culture, Sports, Science and Technology (MEXT), U.S. DOE and independent sources. Again, this was during the first few months of the ongoing the nuclear disaster.

The study is titled Cesium-137 deposition and contamination of Japanese soils due to the Fukushima nuclear accident.

Business/Economics, International

Government Coverup: Japan’s nuclear policy commission suspended, too many pro-nuke lovers and secret meetings!

29 May 2012, The Japan Atomic Energy Commission (JAEC) suspended a commission which was reviewing the Japanese government’s official nuclear policy.

A number of members of the commission discovered that the policy review was being unfairly influenced by other members who were actually employed by the nuclear power industry.

On top of that, it was discovered that since May 2011 those members who are pro-nuke, or actually employed by the nuke industry, were holding secret closed door meetings with government leaders!

Demands were made that a independent third party investigate the closed door meetings. Instead the JAEC simply suspended the policy review commission, with a promise that they would create a new review commission that did not have pro-nuke industry panelists.

Fukushima

One Year Later: Tuna caught near United States contaminated with Radiation! U.S. media trying to downplay, it happened last year!

On 29 May 2012, the U.S. media reporting a group of California University researchers say that tuna caught off the California coast showed traces of cesium-134 & 137.  However, their discovery actually happened last year!

Stanford researchers tested blue fin tuna, caught near San Diego in August 2011, and found low levels of cesium.  The scientists, and the U.S. news media, are downplaying this pointing out the levels are too low to cause harm.

However, a similar study in 2008 showed that blue fin tuna had no radiation contamination at all.  Now realize that the latest study was done in August 2011, and the nuclear disaster at Fukushima Daiichi is far from over, radiation is still pouring into the Pacific Ocean!

Also, Tokyo Electric Power Company, just last week, reported that radiation emitted by the disaster reactors, between March and September 2011, was higher than what the Japanese government was reporting!

Back in November 2011, Greenpeace activists tested tuna and cod for radiation and found they were contaminated, the mainstream media ignored their findings!

ONE YEAR LATER: RADIOACTIVE RATS IN JAPAN

International, U.S.

Drug War: Drug Lord gets new life in Spain thanks to the U.S. taxpayer!

On 28 May 2012, Spanish media reported that a Colombian drug lord, Javier Antonio Calle Serna (aka Comba), and his parents, sister, wife and kids, are now living a new life in Spain.

The drug lord worked in the Norte del Valle cartel before forming his own drug gang, known as the Rastrojos.  He surrendered to the U.S. Drug Enforcement Agency (DEA) on 6 May.

He was supposed to stand trial in New York City, however, the Spanish newspaper, El Mundo, says Spanish authorities also wanted the drug lord for drug dealing and money laundering in their country.

In the end the drug boss agreed to tell everything he knew, in exchange for a new life in Spain, thanks in part to the U.S. DEA.  What’s interesting is that the Spanish media reports his whole family arrived in Spain back in April!