MSM: Japanese scientists develop thought-controlled machines

(Telegraph) – Japan is developing a new generation of consumer electronics devices that can read a user’s mind and respond to their wishes automatically. Continue reading

Economy

(WSJ) – U.S. Is Riskier Than Euro Zone; So Says CDS Market

Something troubling has occurred in the market for default protection on the debt of the world’s biggest borrower. Read More Here

(WSJ) – Treasurys Sink After Poor Sale

Treasury prices fell hard after a poor five-year auction that escalated concerns about the government’s ability to sell its massive amounts of debt. Read More Here

(KCTV5) – Folger’s To Close KC Coffee Plant

The J.M. Smucker Company announced Wednesday it will close its Kansas City Folger’s Coffee plant in the summer of 2012. Read More Here

(RussiaToday) – Video: Lehman Brothers: Warehouse for junk loans – View Video Here

(TheSun) – CHANCELLOR Alistair Darling has delivered his last crucial budget — and plunged the country further into debt. – Read More Here

(BusinessInsider) – JP Morgan Paid $1.9 Billion For Washington Mutual And Now It Wants A $1.4 Billion Tax Refund

JPMorgan Chase is negotiating with the FDIC for a tax refund related to its acquisition of Washington Mutual that could amount to $1.4 billion, The Wall Street Journal is reporting this morning Read More Here

(DailyTelegraph) – Gordon Brown told to explain why he sold Britain’s gold reserves

Gordon Brown has been ordered to release information before the general election about his controversial decision to sell Britain’s gold reserves. Read More Here

(Bloomberg) – Poll Reveals Americans Hate Wall Street

Americans are leery about creating a new federal agency to make consumer-protection rules for mortgages and credit cards and would prefer to enhance the existing powers of banking regulators. Read More Here

(Bloomberg) – States Sue Over Overhaul That Will Bust State Budgets

President Barack Obama faces a fight over the health-care overhaul from states that sued today because the legislation’s expansion of Medicaid imposes a fiscal strain on their cash-strapped budgets. Read More Here

(WallStreetJournal) – Economic Stimulus Bill May Give J.P. Morgan a Tax Refund of $1.4 Billion

J.P. Morgan Chase & Co. is nearing a deal that would allow it to benefit from a tax refund of as much as $1.4 billion, becoming the latest company to tap a little-noticed plank in an economic stimulus bill. Read More Here

(GlobalResearch) – Social Inequality in America: Widening Income Disparities

The “aristocracy of our moneyed incorporations” has never conceded a thing, not even to suppress a revolt. This “opulent minority” does not “give” what it does not intend to begin to claw back with its cold, non-living corporate “hand” before the ink is dry on the signatures on treaties, the Fourteenth Amendment, even the New Deal, perhaps the greatest bowl of gruel ever cooked up by an oligarchy. Read More Here

(EpochTimes) – Most Japanese Airports in Debt, Face Closure

The majority of Japanese airports are facing serious financial problems and may be forced to close unless they attract more passengers, according to a Japanese Ministry of Transport survey, reports the Japan Times. Read More Here

(FinancialArmageddon) – Is the stock market being manipulated?

Larry Doyle, a long-time Wall Street veteran and publisher of the Sense on Cents blog, hosts a Sunday night show, “No Quarter Radio’s Sense on Cents with Larry Doyle,” on Blog Talk Radio. In this week’s edition, which features an interview with Phil Davis of Phil’s Stock World, Larry raises a question that a few of us, who are amazed at and unsettled by the willingness of investors to throw caution to the wind and repeat the mistakes of the past (see “Back Buying the Same Kind of Crap” for one example), have occasionally wondered about ourselves: Read More Here

(MyBudget360) – How the Middle Class Slowly Evaporated in the Last 40 Years

Loss of Manufacturing, Bank Deregulation, Hyper Consumption, and Short-term Profit Seeking from Wall Street Read More Here

(DailyBell) – Global Economy Spins Out of Control? – Read More Here

(Spiegel) – German Shipping Faces Wave of Financing Problems

As recently as 2008, container ships were transporting record amounts of products across the world’s oceans. Now, many German shipping companies are struggling to pay for the vessels they ordered during the boom. Their banks could be in trouble, too. Read More Here

(CSPAN) – Video: Ron Paul Vs Tiny Tim Geithner-You Got Us In A Bigger Mess – View Video Here

MSM: A leading Japanese politician espouses a 9/11 fantasy

(WashingtonPost) – YUKIHISA FUJITA is an influential member of the ruling Democratic Party of Japan. As chief of the DPJ’s international department and head of the Research Committee on Foreign Affairs in the upper house of Japan’s parliament, to which he was elected in 2007, he is a Brahmin in the foreign policy establishment of Washington’s most important East Asian ally. He also seems to think that America’s rendering of the events of Sept. 11, 2001, is a gigantic hoax. Continue reading

What’s Behind the Toyota Bashing?

(EIRNS) – Japanese and U.S. sources have indicated to EIR that the Toyota recall of millions of cars (mostly in the U.S.A.), and the massive media campaign to demonize Toyota, may be at least in part the result of a conscious effort to undermine, or even destroy, Toyota’s U.S. operations, for refusing to support efforts to bailout worthless debt instruments. Japanese sources said that it was widely believed by knowledgeable people in Japan that there is an effort to undermine Toyota, but that the Japanese press won’t report it. Continue reading

Japan, Refutation of Neoliberalism – Robert Locke

No-one wants to talk about Japan these days.  The conventional wisdom is that the bloom went off Japan’s economic rose around 1990 and that the utter superiority of neoliberal capitalism was vindicated by the strong performance of the American economy during the 1990s.  Furthermore, everyone is now convinced that China – whose economy is 1/8 the size of Japan’s – is the rising economic power and therefore the appropriate object of attention.
But Japan is, despite everything, still one of the master keys to understanding the future of the world economy, because Japan is the clearest case study of why neoliberalism is false.  Simply put, Japan has done almost everything wrong by neoliberal standards and yet is indisputably the second-richest nation in the world. Continue reading

MSM: Dollar falls, sending gold to record high

(AFP) – The dollar fell on Monday as China accused the United States of increasing protectionism and following unexpectedly strong Japanese economic growth figures, pushing gold prices to a record high point. Continue reading

US Dollar Crashes Through Major Support Level

It is looking more and more like the current Administration has set on a course of deliberate destruction of the US Dollar and with it, the economic might that the US has enjoyed since post World War II. Continue reading

Japan Abandons America

(TheTrumpet) – For over 50 years, one party ruled Japan virtually uninterrupted. During that time, Japan remained a loyal ally and supporter of U.S. policy. This month, a historic event took place. Continue reading

MSM: US May Face ‘Armageddon’ If China, Japan Don’t Buy Debt

(CNBC) – The US is too dependent on Japan and China buying up the country’s debt and could face severe economic problems if that stops, Tiger Management founder and chairman Julian Robertson told CNBC. Continue reading

MSM: Japan warns that North Korea may fire missile at U.S. on Independence Day

(DailyMail) – North Korea may launch a long-range ballistic missile towards Hawaii on American Independence Day, according to Japanese intelligence officials. Continue reading

Japan secretly trying to divest out of their US debt?

From the original article:

Two Japanese nationals were detained by Italian financial police last week after trying to enter Switzerland with $134 billion worth of undeclared U.S. bonds, mostly Treasury bonds, an Italian daily said Wednesday. Continue reading

MSM: Bush To Preserve WWII Internment Camps – Flashback

President Bush signed into law a $38 million grant program to preserve notorious internment camps where Japanese-Americans were kept behind barbed wire during World War II. Continue reading

Top Japanese Scientists: Warming Is Not Caused By Human Activity

A major scientific report by leading Japanese academics concludes that global warming is not man-made and that the overall warming trend from the mid-part of the 20th Century onwards has now stopped. Continue reading

MSM: Car Sales Crater Worldwide

PARIS (Reuters) – The global automotive industry faced a fresh wave of bad news Monday, as data showed drops in Swedish, Japanese and South Korean November car sales, with figures for France, Spain and Italy due out later in the day. Automakers are cutting production as well as seeking help from governments to survive as they battle against the effects of the financial crisis and worsening economic climate on consumer confidence. Continue reading

The Quadrillion Dollar Powder Keg Waiting To Blow

Derivatives at the heart of the crisis, catastrophic losses are inevitable, financial system headed for oblivion, the new world disorder, EU doomed, Credit Default Swaps at the heart of the problem, Plunge Protection Team history, coverups for globalization failures, Bloodbath for the Yen…
Continue reading