Showing posts with label Finance. Show all posts
Showing posts with label Finance. Show all posts

Tuesday, December 17, 2013

VIDEO DoD blew $486 mil on aircraft that doesn't work


In 2008, the Department of Defense bough 20 Italian-made twin propeller military transport aircraft, called G222s, to give to the Afghan military. Turns out, the things aren't made for the Afghan climate, nor did we buy all the parts necessary for the things to actually FLY. Just another example of the US government burning our taxpayer money. The Resident (aka Lori Harfenist) discusses. 

Sunday, December 8, 2013

AMMO PRICE SURGE EXPECTED AS EPA REGULATIONS CLOSE LEAD SMELTER

AMMO PRICE SURGE EXPECTED AS EPA REGULATIONS CLOSE LEAD SMELTER

Because of heightened EPA regulations, Doe Run Company's Herculaneum lead smelter in Herculaneum, Missouri—the last U.S. smelter of its kind—is closing its doors on December 31, 2013. 

Once this happens, the lead for traditional ammunition will have to be imported, thus driving up the price for bullets, shotgun shells, etc.
The Herculaneum smelter has been operating in the same location since 1892. And according to the NRA's Institute for Legislative Action (NRA-ILA), "it is the only smelter in the United States which can produce lead bullion from raw lead ore," so once it closes, the only lead smelters left in the nation will be ones that recycle lead from existing items "such as lead acid batteries or spent ammunition components."
Herculaneum's product is the type of lead used to make components for traditional lead ammunition, and once the smelter closes, such lead and/or ammunition components will have to be imported into the U.S. Ammunition prices are expected to rise, reflecting import costs.
In 2008, the EPA "issued new National Ambient Air Quality Standards for lead that were 10 times tighter than the previous standard." Following the release of this standard, the Doe Run Company tried to bring the Herculaneum smelter into compliance but in 2010 realized the cost of compliance was too great. They then reached a "comprehensive settlement" with both the EPA and the state of Missouri, requiring the smelter to close at the end of 2013. 

Wednesday, November 27, 2013

VIDEO: La dette française est de 5 000 milliards à cause des fonctionnaires

Wednesday, November 20, 2013

'US needs to have wars going around the world to keep system of private corporations, of supply and defense in business' - expert


EXCLUSIVE: 'US needs to have wars going around the world to keep system of private corporations, of supply and defense in business'

The Voice of Russia discussed the recent Reuters investigation that revealed Pentagon’s epic waste of billions of dollars with Paul Sheldon Foote, a Professor at California State University.


Fraud practices appear as widespread in The Defense Department’s books. What's your stance? And who should take the responsibility?.........................



Read more: http://voiceofrussia.com/2013_11_19/US-needs-to-have-wars-going-around-the-world-to-keep-system-of-private-corporations-of-supply-and-defense-in-business-expert-6415/

Tuesday, November 19, 2013

Pentagon forges accounting docs to balance budget

“A lot of times there were issues of numbers being inaccurate," said former DFAS employee. "We didn't have the detail...for a lot of it."

"These cuts are too fast, too abrupt and too irresponsible… and will cause an unnecessary, strategically unsound and dangerous degradation in military readiness and capability," Hagel said speaking at the Center for Strategic and International Studies in Washington at a forum organized by the Munich Security Conference.


“It’s necessary to adapt armed forces so that they remain strong, combat capable and first in the world,” Hagel concluded.




Monday, February 11, 2013

Sanctions on Iran Leave 11,000 French Citizens working in the Auto Sector Jobless


France’s largest automaker, struggling to compete in Europe’s stagnant car market, is cutting 8,000 jobs and closing the Aulnay-sous-Bois factory,” Euronews stated.
The decision has been taken after the French company has stopped export of automobile spare parts to Iran under pressure from US sanctions, MNA.
Peugeot workers’ union representative in France cited halting cooperation with Iran as a major factor bringing loss for the French company.
“Analysts forget that Peugeot has decided to ignore Iran’s great car market for Peugeot products. Peugeot has been selling 450,000 cars annually to Iran, but it avoided Iranian market for political motives,” Jean-Pierre Mercier said.
In the first 6 month of 2012, Peugeot has cut selling of 240,000 cars compared to that in the same time in 2011. Of 750,000 job opportunities lost in recent 10 years in French industry sector, 100,000 were for the automaking sector.
According to Peugeot, 10 per cent of the company’s products in world markets related to its contracts with Iran’s Iran Khodro industries.
Meanwhile, a member of the Iranian parliament’s Industries Commission said that Iran’s industry was capable of sidestepping every sanction and walk on the path to development, and definitely the French industry and economy, specially the Peugeot company, would be the real losers of economic sanctions on Iran.