Category Archives: Idaho

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

Europeans Strike! Who Cares About Terrorism?

Europeans were told that a Mumbai style terrorist attack in Europe was foiled, do they care? Hell no! Why? Because, according to strikers in Latvia, people are dying because of the drastic measures undertaken by their government to deal with their crashing economy. In other words, Europeans are more afraid of their governments than random terrorists.

Today, people in France, Spain, Belgium, Ireland, Greece and several other countries not mentioned in U.S. media, went on strike. What happened to the economic recovery? A former European Union commissioner is quoted as saying “The party is over…”. European governments want even more drastic belt tightening, increasing the burden of paying for the partying of political and business leaders upon the average European taxpayer. No wounder Europeans are outraged.

Is this a sign of pending doom for the U.S. recovery? The same caca del toro is happening with our leadership here in the U.S. Where are the mass strikes? Are we so afraid of our leadership that we’d rather continue playing along with their war on terror game?

The real terrorism is being waged on the average U.S. worker, by corporate America and their puppets; our political leaders. Let me give you an example: When my son was 17 he got a job working for a movie theater here on the east side of Idaho. His first two weeks he put in 90 hours. We though he was going to get overtime pay, nope, not under the Fair Labor Standards Act. According to the Idaho Department of Labor, movie theater employees are number 5 on the list of jobs exempted from overtime pay.

We also learned that Idaho employers do not have to provide breaks under Idaho state law. My son was told that he would be fired if he was caught taking a break or eating, even when he worked 8-9 hour shifts. Here is what Idaho says: “IDAHO LAW DOES NOT REQUIRE
1. vacation, holiday, severance or sick pay;
2. a discharge notice or a reason for discharge;
3. rest periods, breaks, lunch breaks, holidays
off or vacations;
4. premium pay rates for weekends or holidays
worked;
5. pay raises or fringe benefits; or
6. a limit on the number of hours an employee
can work per day or week for employees 16
years of age or older.”

Visit labor.idaho.gov

Wake up America!

Idaho, International

Food Prices Up, Crop Yields Down

27 September 2010

Signs of a coming food crisis are everywhere. Most notably at the source, the farms that grow the basic crops. Here on the east side of Idaho, farmers had to deal with a spring that was too cool too long, resulting in crops being planted weeks late, and then a short summer (www.noaanews.noaa.gov) (www.kidk.com).

It’s not just Idaho, but many of the crop growing states in the U.S. are experiencing lower yields, and you can blame the weather. Any type of extreme weather will affect crops (sciencepolicy.colorado.edu).  In Idaho it’s too cool & too dry. In other parts of the United States it’s too wet (just look at all the flooding in the southern states), or too hot & dry. And it’s not just the U.S.; Canada & Mexico, South America, Eurasia & Africa as well as Australia, are all dealing with the adverse affects of weird weather on their crops. Pakistan can kiss most of their crop production goodbye after the incredible floods they experienced. Russia is loosing crops due to record heat & fires (www.voanews.com) (rt.com) (rt.com). Just in the past couple of days flooding in Nigeria has destroyed 240 acres of farmland (www.cnn.com).

The result is that overall, globally, less product is heading towards the markets, which means higher commodity prices paid for those crops (Law of Supply & Demand). This is good for farmers who can still produce big crop yields, as farmers in Colorado are finding out (www.agweek.com), but it’s bad for the average consumer. Coffee retailers have finally started passing on the higher costs they’re paying for the beans (starbucks.tekgroup.com). This will only add to the specter of inflation, a three pronged attack caused by governments printing too much money, precious metal prices blasting off and food prices soaring.

Here’s what has happened to wheat commodity prices: In March 2010 Hard Red Winter Wheat was at a value of 191.07,  by August 2010 it hit a value of 246.35 (www.indexmundi.com).  Not all commodities have experienced such a big increase, a few have actually dropped. But, there is a trend of reduced availability & increased cost, so much so that the UN held an emergency meeting to discuss the issue (www.guardian.co.uk). Some UN officials blame inexperienced commodity speculators for the increases in prices. One example of that is that it looks like the December 2010 Corn futures were “overbought” (Idaho Grain Market Alert 9.23.10). This is a double whammy for the average consumer; not only will some foods become limited but some food will be too expensive. So the coming food crisis may probably be more about people not being able to buy the food, than it’s limited availability.

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