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Recent Posts
Category Archives: Global Finance
The latest Japan news…
Deferring to my cousin’s intimate knowledge of nuclear reactors… the high points… The electrical problems apparently were due to flooding of the room where all the electrical circuits were, which means they’ve had little if any control over anything since … Continue reading
Japan’s stock market loses 7% of its value
Before the markets opened, the Bank of Japan (the Japanese equivalent of the Federal Reserve) announced it would “flood” the markets with yen to stop any liquidity crisis. The probable meltdown of at least 2 nuclear plants, and destruction of … Continue reading
Posted in Global Finance, Nuclear Power
Tagged Fukushima
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Fukushima #1 Reactor 3 – containment building has exploded
As feared / predicted, the outer containment building at reactor 3 has exploded. It probably won’t be the last. Reactor #3 adds in the extra feature that it was fueled with the more advanced plutonium / uranium mixture instead of … Continue reading
Posted in Energy, Global Finance
3 Comments
We are so screwed
The Japanese government is trying to downplay what happened Xinhua (China) report What has happened at Fukushima #1 is the containment building exploded (they think it was hydrogen gas). The government is assuring pople that the “Reactor” is intact. That … Continue reading
Is this Japan’s last days?
Before the quake, Japan’s national debt was 200% of GDP (the US is approaching 100%). Japan ran up that debt on a number of very expensive public work projects like high speed rail, airports and roads to “stimulate” their economy … Continue reading
Posted in American Politics, Energy, Global Finance
3 Comments
European Federalism
The E.U. is not going to help Ireland for now. [Story] The E.U. is demanding that Ireland raise its 12.5% corporate income tax rate. Ireland refuses. They understand that if they raise the taxes on businesses, those businesses will leave … Continue reading
Posted in American Politics, Global Finance
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Indentured Servitude in Saudi Arabia
In a story completely unrelated to everything else comes this “story” from the Phillipimes about how Saudi employers constantly beat their Filipino housemaids Story
Posted in American Politics, Global Finance, Islam and war
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What are the markets telling us about the future?
We’re close to September 2008 territory when things were unraveling…. Coffee and Sugar futures are down over 5% in one day. Every food commodity, oil, cotton, lumber, are down significantly. Futures markets have daily trading range limits after which they close … Continue reading
Posted in American Politics, Global Finance
2 Comments
Common Destiny
Greece’s bonds continue to fall in value – the rate to maturity on the benchmark 10 year bond is over 12.6% But two of the other countries being propped up by the EU [Germany] are also moving weaker – Italy … Continue reading
Posted in Energy, Global Finance
4 Comments
How are International Waters defined?
The conflict with Libya back under the Reagan era was partly a dispute over how much of the Mediterranean is sovereign Libyan waters. Look at the map of Libya – quaddaphy’s claim was that the entire gulf of sidra/sitre is … Continue reading
Posted in American Politics, Global Finance, State of Fear-mongering
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I’m an “inventor”!
In 2002, I left my software design job at a financial products organization whose name you hear every night on the news. Shortly after my departure, they filed half a dozen patent applications covering the software I and my staff had … Continue reading
Posted in American Politics, Global Finance
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Senator John Kerry plans for war with Libya
Senator Kerry (decorated veteran of the Vietnam War) disclosed on the Sunday Morning TV shows what the military plan is for US involvement in Libya. Senator Kerry stated that it would not be necessary to destroy Libya’s air defense system … Continue reading
The Crusades – part II
The recap of history in the Defense vs Offense post is still very Eurocentric – while Homer was writing about the Trojan wars, China had its own civilization developing that wasn’t based on the Law of Moses. Nomads who had crossed … Continue reading
Libyan “rebels” capture 8 British SAS troops
Leave it to the British to create a mess Daily Mail story Eight SAS troops and a diplomat were caught inside the Eastern rebel territory. They were on a “mission” to meet with the “rebel leaders”, who didn’t seem to … Continue reading
Posted in Energy, Global Finance
2 Comments
“Jobless Rate Falls Further”
That’s the headline from the Wall Street Journal. The unemployment rate went from 9.0% to 8.9% – to me a “fall” means a rapid descent. This was little more than a rounding error. There is always the risk that a … Continue reading
Posted in American Politics, Global Finance
1 Comment