Remember the mass layoffs of 2008-2009? The US economy shed millions of jobs quickly and relentlessly, as companies died and the rest fought for survival.
Then the Fed and the US government flooded the banks and the corporate sector with bailouts and handouts. With those giga-tons of liquidity sloshing around, as well as taking on massive amounts of new cheap debt, companies were able to finance their working capital needs, hire workers back, and even buy-back their shares en mass to make themselves look deceptively profitable. The nightmare of 2008 soon became a golden era of ‘recovery’.
Well, 2016 is showing us that that era is over. And as stock prices cease to rise, and in fact fall within many industries, layoffs are beginning to make a return as companies jettison costs in attempt to reduce losses. Continue reading
The U.S. Navy sent a destroyer on a “freedom of navigation” mission through the Paracel island chain in the South China Sea, and the Chinese regime claims it will toughen its response to similar missions in the future.
On Jan. 30, the USS Curtis Wilbur passed within 12 nautical miles of the less than one-square mile Triton Island, which is claimed by China, Taiwan, and Vietnam.
What’s ironic is that the Chinese regime is calling the incident an act to establish U.S. hegemony, when in fact it was to counter Chinese hegemony already being claimed over the entire region.
China’s response plays perfectly into the ancient Chinese saying: “It’s the thief who yells ‘stop thief.’” Continue reading
According to the ministry’s Joint Staff, a Chinese Y-9 surveillance aircraft and Y-8 early warning plane were confirmed to have flown from the East China Sea, traveling south of Tsushima island in Nagasaki Prefecture, before reaching the central part of the Sea of Japan.
TOKYO — A demonstration unit of the X-2 stealth fighter made its debut Thursday, with the Japanese-built experimental aircraft promising greater maneuverability than other stealth planes.
The jet will take its maiden flight the week of Feb. 15 or Feb. 22. Designer and builder Mitsubishi Heavy Industries will hand it over to the Ministry of Defense’s Acquisition, Technology and Logistics Agency at the end of March. The X-2 is under development as the government prepares to replace the F-2 fighter, due for retirement around fiscal 2028. Continue reading
Japanese savers faced the shock of negative interest rates on their bank balances on Friday, as the Bank of Japan’s monetary policy committee took the unprecedented move to get the nation spending.
Five of the nine members of the BOJ Policy Board were in favor of the rate of minus 0.1 percent. The news followed a two-day meeting by the board. Continue reading
(TRUNEWS) On February 4, the Trans-Pacific Partnership (TPP) is set for formal signature in New Zealand.
The TPP is a global version of the North American Free Trade Agreement (NAFTA) and the General Agreement on Tariffs and Trade (GATT), which has been negotiated in secret for the last seven years and would place centralized regulation on 40 percent of the world’s economy.
NAFTA and GATT had a catastrophic effect on U.S. business competitiveness, and domestic export values, upon implementation in the 90’s, a trend the TPP is likely to follow. Continue reading
(NaturalNews) Many people point their fingers at climate change, underwater weapons testing, ocean quakes and biodiversity, as reasons behind the collapse of the marine ecosystem. While there’s something to be said for these issues as contributing factors in the decline of marine life, the fact remains that the ongoing after-effects of Fukushima’s radiation plays a significant role too. Continue reading
Russia has just taken significant steps that will break the present Wall Street oil price monopoly, at least for a huge part of the world oil market. The move is part of a longer-term strategy of decoupling Russia’s economy and especially its very significant export of oil, from the US dollar, today the Achilles Heel of the Russian economy.
Later in November the Russian Energy Ministry has announced that it will begin test-trading of a new Russian oil benchmark. While this might sound like small beer to many, it’s huge. If successful, and there is no reason why it won’t be, the Russian crude oil benchmark futures contract traded on Russian exchanges, will price oil in rubles and no longer in US dollars. It is part of a de-dollarization move that Russia, China and a growing number of other countries have quietly begun. Continue reading
Just 1 week after this web site broke news of Fukushima radiation in fish & seafood, California officials have cancelled commercial crab season “indefinitely” citing “protection of the public health.” Yet in a classic case of “if you can’t dazzle them with brilliance, baffle them with bull****” California officials have offered the following absurd reason to the public for this action:
Global warming has heated the ocean to the point that a particular algae, Pseudo-Nitzchia, is blooming in great swaths along California’s coast. The algae produces a neurotoxin called domoic acid which accumulates in crab and other seafood. If consumed by humans the neurotoxin can cause memory loss, tremors or death.
Dependence on satellite technology has turned Star Wars into strategic reality.
Right now, unmanned killer robots hover in the skies above the Middle East, ready to rain down death from above on America’s enemies. They are guided by pilots sitting hundreds of miles away, bouncing their instructions off satellites. Smart bombs are guided within inches of their targets using America’s gps satellite-navigation system. When America’s special forces take out a high-value target, their commanders and even the president in the White House can watch and respond in real time, thanks to satellite communication. American commanders view the battlefield and watch their soldiers move across it using American surveillance and positioning satellites. They rely on this information to coordinate attacks and avoid friendly fire. American missile-warning satellites are watching the atmosphere of the entire planet for any possible missile attack on the United States or its allies.
In a move reminiscent of early 1942 in the Pacific, when American officers were ordered to buy or charter any ocean going shipping they could find to aid in mobilizing forces to halt the Japanese advance, Russia carried out a similar program along the Black Sea coast starting in April 2015. Continue reading
It seems that Japan is developing plans to craft its own Anti-Access/Area-Denial (A2/AD) strategy—or what one former Japanese official describes as “maritime supremacy and air superiority”—against the Chinese Navy.
The plan itself, detailed by Reuters, makes a tremendous amount of good sense:
“Tokyo is responding by stringing a line of anti-ship, anti-aircraft missile batteries along 200 islands in the East China Sea stretching 1,400 km (870 miles) from the country’s mainland toward Taiwan. . .
The DF-26 anti-ship ballistic missile was unveiled in September and has the capability to arm a nuclear warhead against an aircraft carrier, according to findings by researcher Andrew Erickson in the Chinese-language China Youth Daily newspaper.
Unlike its predecessor, the shorter-range DF-21D, the new missile allows for nuclear warheads to be mounted on it, which lets China use its limited nuclear potential against both strategic and tactical targets. The missile aims to change the power balance in the South China Sea, according to the newspaper. “That ‘change the warhead, not the missile’ feature provides a rapid switch between nuclear and conventional,” the Chinese article said. Continue reading
Let us also not forget Tokyo is capable of going nuclear within three months, or possibly quicker now that considerable time has passed by and technical advancements have been made. It’s also been said that they have already been developing a nuclear arsenal.
TOKYO (Reuters) – Japan is fortifying its far-flung island chain in the East China Sea under an evolving strategy that aims to turn the tables on China’s navy and keep it from ever dominating the Western Pacific Ocean, Japanese military and government sources said.
The United States, believing its Asian allies – and Japan in particular – must help contain growing Chinese military power, has pushed Japan to abandon its decades-old bare-bones home island defense in favor of exerting its military power in Asia. Continue reading
In a numbers- and graphs-rich survey that’s aimed at pinpointing the state of play worldwide in patents and trademarks, as well as more specific areas like industrial design and “plant variety” applications, the Geneva-based body said China’s patents increased by 12.5 percent in 2014 to 928,000. China’s total outstripped the combined total emanating from the U.S. and Japan. Continue reading