Interested persons will want to consider Jim Willie's warning:
Bank holiday plan execution must be kept as surprise, since reactive preparations undermine the impact of the vast theft planned, both overt (from devaluations) and hidden (from stolen accounts).
Those who wait to take action lose all opportunity to benefit, and will surely lose significantly. The major central banks are very likely accumulating gold bullion on a net basis. Surely the Chinese, Russians, and Arabs are. If a planned US bank system shutdown occurs, its powerful effect would be muted by publicity of an unfolding, hence reducing insider profit potential. The pristine pure-bred Ruling Elite would be forced to share benefits with unwashed unworthy Plebeians. People would remove deposits from banks likely to be gobbled by Wall Street zombies, as withdrawals could later be limited.
People would transfer money out of the USDollar and into the Euro or Gold or Oil, before a grand US$ devaluation occurs. Next comes the threat of capital controls, limiting currency transfers across the border. The insider trade of the century will likely remain within the domain of the big bankers and other predators who have succeeded in looting the wealth of the nation. If word of the plan spreads, then people can prepare and take defensive action. No opportunity will be afforded those who wait until the news breaks.
They will be subjected to different price structure on assets, perhaps a big quantum change, with the US$ lower, competing currencies higher, gold higher, and all commodities priced in US$ terms higher, led by crude oil and industrial metals. Pay little attention to formal denials, and those by the intellectual servant harlots. They have offered little truth or fair warning of crisis in the last several years. Prepare!
Read the rest of Willie's article here.
Saturday, July 25, 2009
Workers Begin Seizing Factories Across Europe
Sky News reports workers are occupying a UK wind tubine factory, Vestas Wind Systems, for a sixth consecutive day in protest at plans to shut it down. Protesters and their union are calling for the factory to be nationalized, and claim they will not give up until the company agrees to keep the plant open.
Last week employees of New Fabris -- a bankrupt French car-parts supplier -- in central-eastern Chatellerault, threatened to blow up their factory unless Renault and Peugeot pay them compensation. Nearly 400 employees of New Fabris occupied the plant demanding the automakers pay nearly R350 000 to each worker. The Telegraph reported the French workers were paid the same week:
The staff at JLG are the third in France to make similar threats this month after workers from the telecoms manufacturer Nortel and car parts maker New Fabris. JLG workers at three plants in southwestern France had been on strike for three weeks over a management plan to lay off 53 of them.After lengthy talks that lasted well into Thursday night, management met their demand that laid off workers receive 30,000 euros in compensation, and the strikers removed the gas cylinders and put the cranes back inside the factory.
"It's a shame that we reached this point. If management had wanted, we could have avoided this tough conflict," said Christian Amadio, a JLG worker representative.
Friday, July 24, 2009
Wall Street Cannibals Will Devour Themselves
Most struggling Americans looking for work in a dead job market or toiling in some factory to meet mortgage payments, aren't familiar terms like "Volatility Index", "quantitative easing" and "bond spreads". They don't know the price of silver and gold. But it doesn't require a degree in economics to know that we've just entered a depression, and every time Wall Street rallies, that big neon sign in the sky lights up bright with the words "Insatiable Greed and Corruption".
America knows these Wall Street rallies aren't because of corporate earnings; America knows the latest meager corporate profits are the result of slashed expenditures, and top to bottom workforce reductions. And Americans, whether they're employed or unemployed, are doing precisely the same: they shop at Good Will and second-hand stores, have dumped their cell phones, eat at home and save leftovers, refuse to purchase big ticket items like cars, trucks, washers, dryers, and refrigerators, get fewer haircuts, skip auto tune ups, cut to basic cable or give cable up altogether, smoke less, drink less, cut coupons, and carpool.
Americans may be saving more but they're still only a couple of paychecks from the street. "Forty-nine percent of employed adults interviewed in a nationwide poll conducted for Country Financial said they wouldn't be able to pay their bills on time if they went more than a month between jobs. Half of those surveyed said they would tap their savings to cope with a shortfall in income if they lost their jobs, according to the poll results. Another 16 percent said they would use their retirement accounts, while 8 percent said they'd need bank loans and 7 percent would rely on credit cards."
And this massive consumer retrenchment is across the board. Unlike most other recessions, this thinking is resonating loudly with more affluent Americans..., said Pam Danziger, founder of research group Unity Marketing. Denzinger studies the habits of people with incomes of $100,000 or more, which represent the top 20% of U.S. households, says FILife's Jennifer Waters. She calls those consumers "the economy's heavy lifters" because they account for some 40% of consumer spending.
"These consumers are very drastically pulling back spending," Danziger said. "They really are defining more precisely what they need versus what they want and the wants are coming up short." In a recent Unity Marketing study, she said 80% of respondents agreed with this statement: When the stock market was rising fast and the values of their homes were hitting unprecedented levels, those households felt free to spend, spend, spend because, well, they could. "Now that all that perceived wealth is gone, they're back to having to spend their earned income," Danziger said.
Two-thirds of the U.S. economy is fueled by consumers and this economy is out of gas.
The Denver Post reports:
Defaults on credit cards rose to a record 10.76 percent in June and may continue to climb through the middle of next year, according to Moody's Investors Services. Delinquencies, a signal of future charge-offs, fell for the third straight month to 5.81 percent, the lowest this year, as measured by Moody's Credit Card Index. Analysts have attributed the decline to seasonal forces such as a rise in income-tax refunds as well as consumers being more cautious and the injection of federal stimulus money into the economy.
Now that corporations have downsized, restructured, and maximized what little profits they've been able to suck from a U.S. economic dried turnip, who do they think will be buying the products they make that no one can afford or even wants to buy? Emerging markets? That's a laugh. No one wants or can afford what Wall Street has to offer but Wall Street fascists, and our mac daddy Congress. Those who claim unemployment-- 20 percent and climbing -- is a lagging indicator are either breathtakingly stupid, impudent Harvard pundits, or propaganda architects for Wall Street. The beast will devour itself, IS devouring itself.
America knows these Wall Street rallies aren't because of corporate earnings; America knows the latest meager corporate profits are the result of slashed expenditures, and top to bottom workforce reductions. And Americans, whether they're employed or unemployed, are doing precisely the same: they shop at Good Will and second-hand stores, have dumped their cell phones, eat at home and save leftovers, refuse to purchase big ticket items like cars, trucks, washers, dryers, and refrigerators, get fewer haircuts, skip auto tune ups, cut to basic cable or give cable up altogether, smoke less, drink less, cut coupons, and carpool.
Americans may be saving more but they're still only a couple of paychecks from the street. "Forty-nine percent of employed adults interviewed in a nationwide poll conducted for Country Financial said they wouldn't be able to pay their bills on time if they went more than a month between jobs. Half of those surveyed said they would tap their savings to cope with a shortfall in income if they lost their jobs, according to the poll results. Another 16 percent said they would use their retirement accounts, while 8 percent said they'd need bank loans and 7 percent would rely on credit cards."
And this massive consumer retrenchment is across the board. Unlike most other recessions, this thinking is resonating loudly with more affluent Americans..., said Pam Danziger, founder of research group Unity Marketing. Denzinger studies the habits of people with incomes of $100,000 or more, which represent the top 20% of U.S. households, says FILife's Jennifer Waters. She calls those consumers "the economy's heavy lifters" because they account for some 40% of consumer spending.
"These consumers are very drastically pulling back spending," Danziger said. "They really are defining more precisely what they need versus what they want and the wants are coming up short." In a recent Unity Marketing study, she said 80% of respondents agreed with this statement: When the stock market was rising fast and the values of their homes were hitting unprecedented levels, those households felt free to spend, spend, spend because, well, they could. "Now that all that perceived wealth is gone, they're back to having to spend their earned income," Danziger said.
Two-thirds of the U.S. economy is fueled by consumers and this economy is out of gas.
The Denver Post reports:
Defaults on credit cards rose to a record 10.76 percent in June and may continue to climb through the middle of next year, according to Moody's Investors Services. Delinquencies, a signal of future charge-offs, fell for the third straight month to 5.81 percent, the lowest this year, as measured by Moody's Credit Card Index. Analysts have attributed the decline to seasonal forces such as a rise in income-tax refunds as well as consumers being more cautious and the injection of federal stimulus money into the economy.
Now that corporations have downsized, restructured, and maximized what little profits they've been able to suck from a U.S. economic dried turnip, who do they think will be buying the products they make that no one can afford or even wants to buy? Emerging markets? That's a laugh. No one wants or can afford what Wall Street has to offer but Wall Street fascists, and our mac daddy Congress. Those who claim unemployment-- 20 percent and climbing -- is a lagging indicator are either breathtakingly stupid, impudent Harvard pundits, or propaganda architects for Wall Street. The beast will devour itself, IS devouring itself.
Thursday, July 23, 2009
580,944 initial unemployment claims filed last week
UNEMPLOYMENT INSURANCE WEEKLY CLAIMS REPORT
The advance number of actual initial claims under state programs, unadjusted, totaled 580,944 in the week ending July 18, a decrease of 90,298 from the previous week. There were 411,408 initial claims in the comparable week in 2008.
The advance unadjusted insured unemployment rate was 4.7 percent during the week ending July 11, an increase of 0.1 percentage point from the prior week. The advance unadjusted number for persons claiming UI benefits in state programs totaled 6,231,108, an increase of 57,168 from the preceding week. A year earlier, the rate was 2.4 percent and the volume was 3,164,970.
Extended benefits were available in Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, the District of Columbia, Florida, Georgia, Idaho, Illinois, Indiana, Kentucky, Maine, Massachusetts, Michigan, Minnesota, Missouri, Montana, Nevada, New Jersey, New York, North Carolina, Ohio, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, Tennessee, Vermont, Virginia, Washington, and Wisconsin during the week ending July 4.
Man Shuns Recession - Lives in Cave
Christopher Ketcham; Photograph by Mark Heithoff
DANIEL SUELO LIVES IN A CAVE. UNLIKE THE average American—wallowing in credit-card debt, clinging to a mortgage, terrified of the next downsizing at the office—he isn't worried about the economic crisis. That's because he figured out that the best way to stay solvent is to never be solvent in the first place. Nine years ago, in the autumn of 2000, Suelo decided to stop using money. He just quit it, like a bad drug habit.
His dwelling, hidden high in a canyon lined with waterfalls, is an hour by foot from the desert town of Moab, Utah, where people who know him are of two minds: He's either a latter-day prophet or an irredeemable hobo. Suelo's blog, which he maintains free at the Moab Public Library, suggests that he's both. "When I lived with money, I was always lacking," he writes. "Money represents lack. Money represents things in the past (debt) and things in the future (credit), but money never represents what is present." More...
Wednesday, July 22, 2009
Computer repair shops steal passwords, hack bank accounts
In economic depressions like the one we're experiencing, long-term unemployment and low trade and investment levels breed fear, desperation, and violence. Murder and suicide rates increase, as well as theft, robberies, and burglaries. Cities and states are bankrupt. Low-priority crimes like breaking and entering may not even get prosecuted in Detroit because of budget restraints.
An "Every Man For Himself" motto will increasingly become a tacitly agreed on rationale and serve as justification to screw your fellow man. As we near complete collapse, all third party contact will eventually become a potential security risk.
Sky News reports:
All but one.
An "Every Man For Himself" motto will increasingly become a tacitly agreed on rationale and serve as justification to screw your fellow man. As we near complete collapse, all third party contact will eventually become a potential security risk.
Sky News reports:
Computer repair shops are illegally accessing personal data on customers' hard drives - and even trying to hack their bank accounts, a Sky News investigation has found. In one case, passwords, log-in details and holiday photographs were all copied onto a portable memory stick by a technician.
...customers were charged for non-existent work and simple faults were misdiagnosed. Sky engineers...created a simple, easily diagnosable fault, by loosening the connection of the internal memory chip. This prevented Windows being able to load. To get things working again, the chip would simply need to be pushed back into position. The investigation targeted six different computer repair shops. All but one misdiagnosed or overcharged for the fault.
All but one.
Tamiflu-resistant swine flu cases multiply
Consider the following excerpt from today's Canadian Press:
If the Quebec father was already infected, who infected the father? Wouldn't they be spreading a resistant strain?
Recombinomics Commentary 04:15
July 22, 2009 - source
"We know the exact, specific mutation, and this is a mutation that has been reported before in human viruses that were resistant to Tamiflu, so it's not totally unexpected," said Boivin.
Boivin said he suspects the Quebec father was already infected when he was given a low preventive dose of the antiviral drug Tamiflu.
The above comments describe another case of oseltamivir resistance in pandemic H1N1 swine flu. The description indicates the resistance is due to H274Y because all reported oseltamivir resistance since 2007 has been H274Y in H1N1. Earlier this month there were three cases described, and two of the three were also on prophylactic oseltamivir. However, since all cases have involved H274Y, the treatment may simply be aiding in the detection of H274Y, rather than selecting for de novo mutations. Sequence data reports consensus sequences, so a low level of H274Y would not be seen unless multiple clones were sequenced or levels increased due to the elimination of wild type H1N1 by oseltamivir treatment.
In addition to the H274Y in Quebec, a sequence released today from Yamaguchi Province in Japan also had H274Y. The characterization sheet provides little detail on the patient, but Yamaguchi Province gives detailed reports on each H1N1 confirmed case, and the reports give no support for the development of H1N1 in contacts under prophylactic treatment. Therefore, it is likely that the Yamguchi isolate is from a sample collected prior to Tamiflu treatment.
The sequence of A/Yamaguchi/22/2009 is distinct for the other two published sequences with H274Y. However, like A/Hong Kong/2369/2009, there are several NA sequences which are exact matches, other than position H274Y. These precursors are widespread, and the earliest isolate is from the United States (Sullivan county in New York), and all subsequent isolates are from other countries (Japan, China, Brazil) once again raising questions about surveillance of mild H1N1 cases in the United States. In Japan there have been no reported pandemic H1N1 deaths and most of the cases in in Yamaguchi province have been mild and patients have recovered without hospitalization.
These two cases of resistance raises the total to five and all involve H274Y, the same polymorphism reported in seasonal H1N1, where the level quickly rose to 100% last season and is reported at 100% in the southern hemisphere this season. The presence of H274Y on seasonal H1N1, which is co-circulating with pandemic H1N1, offers the opportunity of recombination between seasonal and pandemic H1n1 to allow the H274Y to jump from seasonal H1N1 to pandemic H1N1.
The reports of H274Y in five patients this month raises concerns that the frequency will rise in the near term, with recombination and genetic hitchhiking driving the levels to 100%, due in part to widespread use of oseltamivir and in part to the large reservoir of H274Y in seasonal flu.
TORONTO — Canada has recorded a case of Tamiflu-resistant swine flu virus, in a Quebec man who had been given the drug to prevent infection. Meanwhile, Japan revealed Tuesday it had found a second such case of Tamiflu resistance, in a person who has no ties to the country's earlier reported case. The cases are the fourth and fifth globally since the new H1N1 virus was discovered in April.Dr. Guy Boivin, Canada Research Chair on emerging viruses and antiviral resistance in Quebec City told CBC news: "he suspects the Quebec father was already infected when he was given a low preventive dose of the antiviral drug Tamiflu. Boivin suspected the father’s virus adapted to the drug at that point, becoming resistant."
If the Quebec father was already infected, who infected the father? Wouldn't they be spreading a resistant strain?
Recombinomics Commentary 04:15
July 22, 2009 - source
"We know the exact, specific mutation, and this is a mutation that has been reported before in human viruses that were resistant to Tamiflu, so it's not totally unexpected," said Boivin.
Boivin said he suspects the Quebec father was already infected when he was given a low preventive dose of the antiviral drug Tamiflu.
The above comments describe another case of oseltamivir resistance in pandemic H1N1 swine flu. The description indicates the resistance is due to H274Y because all reported oseltamivir resistance since 2007 has been H274Y in H1N1. Earlier this month there were three cases described, and two of the three were also on prophylactic oseltamivir. However, since all cases have involved H274Y, the treatment may simply be aiding in the detection of H274Y, rather than selecting for de novo mutations. Sequence data reports consensus sequences, so a low level of H274Y would not be seen unless multiple clones were sequenced or levels increased due to the elimination of wild type H1N1 by oseltamivir treatment.
In addition to the H274Y in Quebec, a sequence released today from Yamaguchi Province in Japan also had H274Y. The characterization sheet provides little detail on the patient, but Yamaguchi Province gives detailed reports on each H1N1 confirmed case, and the reports give no support for the development of H1N1 in contacts under prophylactic treatment. Therefore, it is likely that the Yamguchi isolate is from a sample collected prior to Tamiflu treatment.
The sequence of A/Yamaguchi/22/2009 is distinct for the other two published sequences with H274Y. However, like A/Hong Kong/2369/2009, there are several NA sequences which are exact matches, other than position H274Y. These precursors are widespread, and the earliest isolate is from the United States (Sullivan county in New York), and all subsequent isolates are from other countries (Japan, China, Brazil) once again raising questions about surveillance of mild H1N1 cases in the United States. In Japan there have been no reported pandemic H1N1 deaths and most of the cases in in Yamaguchi province have been mild and patients have recovered without hospitalization.
These two cases of resistance raises the total to five and all involve H274Y, the same polymorphism reported in seasonal H1N1, where the level quickly rose to 100% last season and is reported at 100% in the southern hemisphere this season. The presence of H274Y on seasonal H1N1, which is co-circulating with pandemic H1N1, offers the opportunity of recombination between seasonal and pandemic H1n1 to allow the H274Y to jump from seasonal H1N1 to pandemic H1N1.
The reports of H274Y in five patients this month raises concerns that the frequency will rise in the near term, with recombination and genetic hitchhiking driving the levels to 100%, due in part to widespread use of oseltamivir and in part to the large reservoir of H274Y in seasonal flu.
Tuesday, July 21, 2009
After The Collapse Stores Will Accept Gold and Silver
A good friend of mine sent me this enlightening video regarding grocery stores accepting silver in California. Many financial analysts and bloggers have devoted hours of their time in endless deflation versus inflation debates -- as if it matters, either way ultimately hyperinflation will result; nevertheless, the devaluation of U.S. currency will occur and may be caused in a variety of ways: a bank holiday, collapse of the dollar, or an accepted basket of currencies replacing the dollar as the new world reserve currency.
Food will be more valuable than gold and silver in the beginning stages of the collapse where unorganized chaos will prevail. During a bank holiday, ATMs may be inoperable, and huge retail outlets like Walmart will only accept cash; their minimum wage cashiers wouldn't have a clue what to do with gold or silver coins. But in time, as this video demonstrates, major retail stores will employ trained gold and silver conversion technicians who will -- based on the daily price of gold and silver -- tabulate the value of your precious metal in exchange for goods and services.
Monday, July 20, 2009
Israeli Attack On Iran Imminent - this time for real
I'm still sickened by all the green Iranian Mousavi support icons on Twitter; they represent the thousands of mindless Manchurian candidates suckered by planned CIA PSYOPS in Iranian elections to destabilize and weaken Iran in preparation for a US sanctioned Israeli attack. Paul Craig Roberts notes Thierry Meyssan's comment in the Swiss newspaper Zeit-Fragen, [the] "CIA used SMS or text messaging and Twitter to spread disinformation about the Iranian election, including the false report that the Guardian Council had informed Mousavi that he had won the election. When the real results were announced, Ahmadinejad’s reelection appeared to be fraudulent." It's clear Mousavi is a US backed stooge.
But that's yesterday's news. Now that U.S. public opinion has been shaped -- through endless media reports of Iranian government atrocities -- to be sympathetic and supportive of a "righteous" Iranian uprising, Israel has moved its warships through the Suez. "Two Israeli missile class warships have sailed through the Suez Canal ten days after a submarine capable of launching a nuclear missile strike, in preparation for a possible attack on Iran’s nuclear facilities," reported the British Times last Thursday. "The deployment into the Red Sea, confirmed by Israeli officials, was a clear signal that Israel was able to put its strike force within range of Iran at short notice. It came before long-range exercises by the Israeli air force in America later this month and the test of a missile defence shield at a US missile range in the Pacific Ocean."
“This is preparation that should be taken seriously. Israel is investing time in preparing itself for the complexity of an attack on Iran. These manoeuvres are a message to Iran that Israel will follow up on its threats,” an Israeli defence official said. Israel’s missile-equipped submarines, and aircraft can strike over a dozen nuclear-related targets more than 800 miles from Israel.
Roberts writes:
But that's yesterday's news. Now that U.S. public opinion has been shaped -- through endless media reports of Iranian government atrocities -- to be sympathetic and supportive of a "righteous" Iranian uprising, Israel has moved its warships through the Suez. "Two Israeli missile class warships have sailed through the Suez Canal ten days after a submarine capable of launching a nuclear missile strike, in preparation for a possible attack on Iran’s nuclear facilities," reported the British Times last Thursday. "The deployment into the Red Sea, confirmed by Israeli officials, was a clear signal that Israel was able to put its strike force within range of Iran at short notice. It came before long-range exercises by the Israeli air force in America later this month and the test of a missile defence shield at a US missile range in the Pacific Ocean."
“This is preparation that should be taken seriously. Israel is investing time in preparing itself for the complexity of an attack on Iran. These manoeuvres are a message to Iran that Israel will follow up on its threats,” an Israeli defence official said. Israel’s missile-equipped submarines, and aircraft can strike over a dozen nuclear-related targets more than 800 miles from Israel.
Roberts writes:
Israel has made great public disclosure of its warships passing through the Suez Canal on their way to Iran. 'Muslim' Egypt is complicit, [and has been for years] offering no objection to Israel’s naval forces on their way to a war crime under the Nuremberg standard that the US imposed on the world. By the time the attack occurs, it will be old hat, an expected event, and, moreover, an event justified by years of propaganda asserting Iran’s perfidy.The British Times claims "two Israeli Saar class missile boats and a Dolphin class submarine have passed through Suez. Israel has six Dolphin-class submarines, three of which are widely believed to carry nuclear missiles. Israel will also soon test an Arrow interceptor missile on a US missile range in the Pacific Ocean. The system is designed to defend Israel from ballistic missile attacks by Iran and Syria. Lieutenant-General Patrick O’Reilly, the director of the Pentagon’s Missile Defence Agency, said that Israel would test against a target with a range of more than 630 miles (1,000km) — too long for previous Arrow test sites in the eastern Mediterranean.
Consult a map and you will see that Iran is surrounded by a dozen countries that host US military bases. Why does anyone in Iran doubt that Iran is on her way to becoming another Iraq, Afghanistan, and Pakistan, in the end to be ruled by oil companies and an American puppet?
China is funding America’s wars of aggression with loans, and Russia is even helping the US to set up a puppet state in Afghanistan, thus opening up former Soviet central Asia to US hegemony. The world is so impotent that even the bankrupt US can launch a new war of aggression and have it accepted as a glorious act of liberation in behalf of women’s rights, peace, and democracy.
"The Israeli air force, meanwhile, will send F16C fighter jets to participate in exercises at Nellis Air Force base in Nevada this month. Israeli C130 Hercules transport aircraft will also compete in the Rodeo 2009 competition at McChord Air Force base in Washington."
An Israeli attack on Iran is likely to produce retaliation, says Roberts, which Washington will use to enter the conflict. As Roberts suggests, the naive youthful upper class Iranian protesters have set Iran up for destruction to secure US/Israeli hegemony in the region. What remains in question is China's reaction in the coming weeks ahead. I hope War isn't Obama's FDR-like exit strategy (WW2) to pump life into his dead-man-walking economy.
Teenager Breaches Govt Airline, Airports with Ruse
Using two assumed identities, and his own real name, Adam Tait, a 17-year-old youth convinced a government owned airline, an airport director, and several other airline owners he was a tycoon launching his own airline, according to Timesonline. Tait bought websites in the name of American Global Group and Island Airways, then contacted established airlines to arrange franchise agreements. Tait told them his American parent company had a fleet of 12 jets; Tait established industry credibility with a published article that legitimized his bogus operation in Airliner World, a publication "dedicated to bringing its readers the latest developments from across the global airline scene."
“We spoke to a few contacts in the industry," said, Richard Maslen, Airliner World's deputy editor, "and they had also heard whispers about this proposed start-up and as a result we ran a small news piece in the magazine.”
The commercial manager and managing director of Aurigny, an airline owned by the Guernsey (Channel Island to the northwest of Jersey) government, held talks with Tait for months! Malcolm Coupar and Malcolm Hart thought they were speaking to Davis Rich, one of Tait's assumed names.
“Some of the things he said were the sort of things that were indicative that there might have been some substance to his claims,” said Coupar. “If they were real then there would have been opportunities for us to expand our business and that’s not the sort of thing we are going to ignore.” Tait also contacted other airlines including Titan Airways and Aer Arann.
Seventeen year-old Tait actually had a 90-minute face-to-face meeting with Julian Green, the director of Jersey Airport, located in the parish of Saint Peter, one of the British Crown Dependencies in the Channel Islands. “Jersey airport can confirm it has had discussions with Adam Tait over recent weeks about an ambitious network of services between Jersey, the UK and Europe.
Tait even contacted a jet marketing agent at Airstream Jets, a Jet charter and pilot service, whose company was willing to lease Tait a Jet. Airstream even offered to pick him up and chauffeur him to the airport to inspect the plane, where Tait and an unknown number of his "colleagues" ended up before the police intervened. Tait had intended to start the jet's engines. It doesn't say much about the security of airports, airlines, and potentially the airways, when economic desperation and greed precede reason.
“We spoke to a few contacts in the industry," said, Richard Maslen, Airliner World's deputy editor, "and they had also heard whispers about this proposed start-up and as a result we ran a small news piece in the magazine.”
The commercial manager and managing director of Aurigny, an airline owned by the Guernsey (Channel Island to the northwest of Jersey) government, held talks with Tait for months! Malcolm Coupar and Malcolm Hart thought they were speaking to Davis Rich, one of Tait's assumed names.
“Some of the things he said were the sort of things that were indicative that there might have been some substance to his claims,” said Coupar. “If they were real then there would have been opportunities for us to expand our business and that’s not the sort of thing we are going to ignore.” Tait also contacted other airlines including Titan Airways and Aer Arann.
Seventeen year-old Tait actually had a 90-minute face-to-face meeting with Julian Green, the director of Jersey Airport, located in the parish of Saint Peter, one of the British Crown Dependencies in the Channel Islands. “Jersey airport can confirm it has had discussions with Adam Tait over recent weeks about an ambitious network of services between Jersey, the UK and Europe.
Tait even contacted a jet marketing agent at Airstream Jets, a Jet charter and pilot service, whose company was willing to lease Tait a Jet. Airstream even offered to pick him up and chauffeur him to the airport to inspect the plane, where Tait and an unknown number of his "colleagues" ended up before the police intervened. Tait had intended to start the jet's engines. It doesn't say much about the security of airports, airlines, and potentially the airways, when economic desperation and greed precede reason.
Sunday, July 19, 2009
Pew Study Shows Gen Y Detached From Economic Reality
Despite the economic reality of an impending U.S. financial collapse, 76% of young adults between the ages 18 to 29 believe their personal financial situation will improve over the course of the next year, according to a recent Pew Research study. Adults under age 30 are more likely than those ages 30-64 to say they are very confident about getting through retirement with ease.
This overly optimistic attitude prevails even as four-in-ten between the ages 18 to 29 have cut back spending on alcohol or cigarettes, and a third report having changed to a less expensive cell phone plan or cancelled their service altogether. In Britain, the unemployment rate among adults ages 18 to 24 is 20% and climbing.
Additionally, the Pew study says one-in-five young adults in this age group have either moved in with a friend or relative or have had a friend or relative move in with them because of the recession. If the figures in this study are even close to being correct, Generation Y has a big surprise coming to them.
Many young adults have demonstrated remarkable independence and resourcefulness during this recession. USA Today sites an increase in sign ups for the entrepreneurial programs offered by youth-oriented groups such asJunior Achievement and the National Foundation for Teaching Entrepreneurship .
"Kids are actively considering starting their own businesses," says Junior AchievementUSA President Jack Kosakowski. "It might be out of necessity, since there aren't a lot of jobs out there. But they're also seeing parents and other adults that have been loyal to companies for years ... getting laid off, so these kids might be thinking, 'Hey, I might be better off being my own boss.' "
But the long slide down to nowhere is just beginning, and this pierced tongued, tattoo generation will be hit the hardest. Worth noting is almost all of the "Y"ers I've worked with are extremely intelligent and have an unusually heightened sense of awareness -- but their keen perceptions are soulless and efficiency driven. It's almost as if they have a secretly shared, collective mantra inspired by corporate dogma: the 21st century God. As Kunstler says, the tattoos are a sign of how deeply insecure we are as a nation, and a form of "non-conformist-just-like-you' consumerism".
I look on with much curiosity to see how the most consumer worshipping generation on Earth yet will react to the inability to consume. Will they rise to the occasion as some of their brethren have, or turn to stone -- shiny lifeless pebbles only to be used as fodder for the next world dictator. We'll find out when Apple sales go south.
This overly optimistic attitude prevails even as four-in-ten between the ages 18 to 29 have cut back spending on alcohol or cigarettes, and a third report having changed to a less expensive cell phone plan or cancelled their service altogether. In Britain, the unemployment rate among adults ages 18 to 24 is 20% and climbing.
Additionally, the Pew study says one-in-five young adults in this age group have either moved in with a friend or relative or have had a friend or relative move in with them because of the recession. If the figures in this study are even close to being correct, Generation Y has a big surprise coming to them.
Many young adults have demonstrated remarkable independence and resourcefulness during this recession. USA Today sites an increase in sign ups for the entrepreneurial programs offered by youth-oriented groups such as
"Kids are actively considering starting their own businesses," says Junior Achievement
But the long slide down to nowhere is just beginning, and this pierced tongued, tattoo generation will be hit the hardest. Worth noting is almost all of the "Y"ers I've worked with are extremely intelligent and have an unusually heightened sense of awareness -- but their keen perceptions are soulless and efficiency driven. It's almost as if they have a secretly shared, collective mantra inspired by corporate dogma: the 21st century God. As Kunstler says, the tattoos are a sign of how deeply insecure we are as a nation, and a form of "non-conformist-just-like-you' consumerism".
I look on with much curiosity to see how the most consumer worshipping generation on Earth yet will react to the inability to consume. Will they rise to the occasion as some of their brethren have, or turn to stone -- shiny lifeless pebbles only to be used as fodder for the next world dictator. We'll find out when Apple sales go south.
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