Warm Southern Breeze

"… there is no such thing as nothing."

Posts Tagged ‘China’

Smithfield Foods Chinese Pork Project is a Wall Street Happy Meal Deal: American Prices Will Increase

Posted by Warm Southern Breeze on Wednesday, May 29, 2013

If you like bacon, ham, pork sausage, barbecue, ribs, or any other pork product – including cold cuts & pizza – get ready to pay at least 2 – 4 times more, and for shortages.

Why?

Wall Street minions – who manage Smithfield, an American company no more – have no patriotic qualms about taking food off your table and out of your mouth to feed the mouths of the people who steal our nation’s military secrets, defraud our motion picture & music copyrights, and have an historical track record of Shanghai-ing anyone & everyone who gets in their way.

You think I’m kidding, or that I don’t know what I’m writing about?

Just recollect back a few months – oh, say about 7 – to Thanksgiving in November 2012 when pecans were 2x – 3x the price they were usually.

And why was that?

After all, pecan farmers had a record bumper crop… and that typically translates into lower prices for consumers.

It’s because the Chinese suddenly discovered they liked pecans, and were willing to pay premium prices (translate: much MORE then you’re willing to pay), and so the growers shipped pecans over to China.

As I continue to contend, IT’S ALL ABOUT THE MONEY.

Okay… so it may cost more. So what?

How about this?

Were you aware that the Chinese company that bought Smithfield sold pigs that had been fed a substance banned in the USA & England & other nations?

Yup.

Shuanghui Group, China’s largest meat processor, sold pigs fed Clenbuterol in 2011. Here are three links about the ordeal.

And, would it surprise you to find out that Goldman Sachs is one of the top investors?

1.) “According to Chinese government data, 18 outbreaks of food-related clenbuterol poisoning occurred between 1998 and 2007. The most recent report indicates one person died and more than 1,700 others fell ill.”

2.) “Meanwhile, at Jiyuan Shuanghui’s processing facilities, of the 689 pigs awaiting slaughter, 19 tested positive for clenbuterol. Shuanghui, which counts Goldman Sachs among its investors, has shut down the Jiyuan branch affected by the contamination so it can conduct its own inspection.”

3.) “And in recent months the additive has earned notoriety in China after a string of people got sick from eating pork products full of it. Hundreds took ill in one incident in March, and this week, 286 people in Hunan province after eating pork contaminated with ractopamine, a chemical very similar to clenbuterol. Chinese livestock farmers began using clenbuterol in pig feed in the late 1980s to boost growth and get animals to market faster, but it was banned in 2002 as the health risks of eating the meat became better understood. Clenbuterol-tainted meat dizziness, headaches, hand tremors, and other unpleasantness. It’s especially risky for people with heart troubles.”

Shuanghui Agrees to Acquire Smithfield Foods for $4.72B

By Shruti Date Singh and Jeffrey McCracken – May 29, 2013

Shuanghui International Holdings Ltd., China’s biggest pork producer, agreed to acquire Smithfield Foods Inc. (SFD) for about $4.72 billion to boost supplies for the nation that’s the biggest consumer of the meat.

Closely held Shuanghui, parent of Henan Shuanghui Investment & Development Co. (000895), will pay $34 a share for the Smithfield, Virginia-based producer, both companies said today in a statement. The offer is 31 percent more than yesterday’s closing share price.

China’s consumption of pork is rising with the expansion of its middle class while there are questions being asked about the safety of the country’s food supply. Smithfield’s livestock unit is the world’s largest hog producer, bringing about 15.8 million of the animals to market a year, according to the company’s website. It owns 460 farms and has contracts with 2,100 others across 12 U.S. states.

The takeover is valued at $7.1 billion including debt, which would make it the largest Chinese takeover of a U.S. company, according to Read the rest of this entry »

Advertisements

Posted in - Business... None of yours, - Read 'em and weep: The Daily News | Tagged: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | 2 Comments »

China hacks Army’s Redstone Arsenal computers in Huntsville, Alabama, steals military secrets

Posted by Warm Southern Breeze on Friday, May 3, 2013

Among defense contractors, QinetiQ North America (QQ/) is known for spy-world connections and an eye- popping product line. Its contributions to national security include secret satellites, drones, and software used by U.S. special forces in Afghanistan and the Middle East.

Former CIA Director George Tenet was a director of the company from 2006 to 2008 and former Pentagon spy chief Stephen Cambone headed a major division. Its U.K. parent was created as a spinoff of a government weapons laboratory that inspired Q’s lab in Ian Fleming’s James Bond thrillers, a connection QinetiQ (pronounced kin-EH-tic) still touts.

QinetiQ’s espionage expertise didn’t keep Chinese cyber- spies from outwitting the company. In a three-year operation, hackers linked to China’s military infiltrated QinetiQ’s computers and compromised most if not all of the company’s research. At one point, they logged into the company’s network by taking advantage of a security flaw identified months earlier and never fixed.

“We found traces of the intruders in Read the rest of this entry »

Posted in - Business... None of yours, - My Hometown is the sweetest place I know, - Politics... that "dirty" little "game" that first begins in the home., - Read 'em and weep: The Daily News | Tagged: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a Comment »

High-Speed Trains in Slow Lane for USA

Posted by Warm Southern Breeze on Saturday, December 29, 2012

High-speed, magnetic levitation, monorail trains are the future of transportation across America. When will we realize the benefits that could accrue to our nation & it’s people & economy as a result of constructing such a network across our union?

China Holds Test Run on World’s Longest High-Speed Railway Link

By Bloomberg News – Dec 23, 2012

China tested its 2,298-kilometer (1,428-mile) high-speed rail line, the longest in the world, as it prepares to start passenger service in two days.

Bullet-trains on the line from Beijing to southern Chinese city of Guangzhou can run at an average speed of 300 kilometers per hour, the official Xinhua news agency said. It will shorten the rail travel time from the capital to the Pearl River Delta to about eight hours from the previous 24 hours.

Chinese high speed train

A China Railways CRH3 high speed train is parked at the Beijing South station in Beijing, China. Nelson Ching/Bloomberg

China is accelerating railway investment again after it introduced new safety measures following a deadly bullet-train crash in Wenzhou that killed 40 people in July 2011. Railway investment as of October rose almost 250 percent from a year earlier as the government stepped up fiscal measures to help growth.

“Government-driven investment has quick effects on boosting growth in the short term,” said Yuan Gangming, a researcher with the Chinese Academy of Social Sciences, a government think-tank based in Beijing. “But you can’t rely on investment to drive growth forever.”

Yuan said China had a “great leap forward” in spending on railways since 2008 and this is expected to “normalize” in coming years with the completion of major lines such as the Beijing-Guangzhou high-speed link.

More than 100 Chinese and international journalists were invited to join the Dec. 22 test run, Xinhua said.

Hong Kong

The bullet-train line will be extended to Hong Kong in the future and will add to competition for Read the rest of this entry »

Posted in - Business... None of yours, - Read 'em and weep: The Daily News | Tagged: , , , , , , , , , , , , , , , | Leave a Comment »

Research: WalMart’s Low Wages Burden Taxpayers

Posted by Warm Southern Breeze on Friday, November 23, 2012

The high cost of low living…

“Walmart’s employees receive $2.66 billion in government help every year, or about $420,000 per store.
They are also the top recipients of Medicaid in numerous states.
Why does this occur?
Walmart fails to provide a livable wage and decent healthcare benefits, costing U.S. taxpayers an annual average of $1.02 billion in healthcare costs.

This direct public subsidy is being given to offset the failures of an international corporate giant who shouldn’t be shifting part of its labor costs onto the American taxpayers.”

You’re the life of the party, everybody’s host
Still you need somewhere you can hide
All your good time friends
And your farewell to has-beens
Lord knows, just along for the ride

You think you’re a survivor
But boy, you better think twice
No one rides for nothin’
So, step up and pay the price

Dedicated to the GOP & other radical TEApublicans who worship the “almighty” dollar, tax cuts for the über wealthy, and their multinational corporate prophets.


Hidden Taxpayer Costs

Disclosures of Employers Whose Workers and Their Dependents are Using State Health Insurance Programs

Updated January 18, 2012

Since the mid-20th Century, most Americans have obtained health insurance through workplace-based coverage. In recent years there has been a decline in such coverage caused by a rise in the number of jobs that do not provide coverage at all and growth in the number of workers who decline coverage because it is too expensive.

Faced with the unavailability or unaffordability of health coverage on the job, growing numbers of lower-income workers are turning to taxpayer-funded healthcare programs such as Medicaid and the State Children’s Health Insurance Program (SCHIP).

This trend is putting an added burden on programs that are already under stress because of fiscal constraints caused by medical inflation and federal cutbacks. Many states are curtailing benefits and tightening eligibility requirements.

It also raises the issue of whether states are being put in a position of subsidizing the cost-cutting measures of private sector employers.

Across the country, policymakers and others concerned about the healthcare system are pressing for disclosure of information on those employers whose workers (and their dependents) end up in taxpayer-funded programs.

The following is a summary of the employer disclosure that has come to light so far. It includes two cases (Massachusetts and Missouri) in which the information was produced as a result of legislation. The other cases involved requests by legislators or reporters. The latter situations have sometimes resulted in data that are incomplete or imprecise, which suggests that only legislatively mandated, systematic disclosure will tell the whole story.

This compilation was originally produced by Good Jobs First as part of its preparation of testimony given before the Maryland legislature on an employer disclosure bill. A version of that testimony can be found here [1].

Alabama
In April 2005 the Mobile Register published an article citing data from the Alabama Medicaid Agency on companies in the state with employees whose children are participating in Medicaid. The newspaper obtained a list from the agency of 63 companies whose employees had 100 or more children in the program as of mid-March 2005. At the top of the list was Wal-Mart, whose employees had 4,700 children in the program. Following it were McDonald’s (1,931), Hardee’s (884) and Burger King (861). The data were similar to information obtained from the same agency by the Montgomery Advertiser two months earlier.

Sources: Sean Reilly, “Medicaid Providing Health Care for Kids of Working Families,” Mobile Register, April 17, 2005 and John Davis and Jannell McGrew, “Health Plans Not Family Friendly,” Montgomery Advertiser, February 22, 2005, p.B6.

Arizona
In July 2005 the state Department of Economic Security issued data on the largest private employers with workers receiving taxpayer-financed medical insurance through the Arizona Health Care Cost Containment System. At the top of the list was Wal-Mart, with about 2,700 workers–or 9.6 percent of its Arizona workforce–participating in the program. It was followed by Read the rest of this entry »

Posted in - Business... None of yours, - Faith, Religion, Goodness - What is the Soul of a man?, - Read 'em and weep: The Daily News | Tagged: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a Comment »

Free Tibet

Posted by Warm Southern Breeze on Wednesday, November 14, 2012

CHINA SLAMS DALAI LAMA; TIBETANS SELF-IMMOLATE

By GILLIAN WONG
— Nov. 12 8:18 PM EST

Jamphel Yeshi, a Tibetan exile, runs after setting himself on fire during a protest against the upcoming visit of Chinese President Hu in New Delhi

Jamphel Yeshi, a Tibetan exile, runs after setting himself on fire during a protest against the upcoming visit of Chinese President Hu Jintao to India in New Delhi March 26, 2012. Hu is scheduled to attend the BRICS (Brazil, Russia, India, China and South Africa) Summit in India on March 29. REUTERS/Stringer (INDIA – Tags: POLITICS CIVIL UNREST)

BEIJING (AP) — China accused the Dalai Lama of allying with Japanese right-wingers in an island dispute as a way of attacking China and blamed him for glorifying a wave of self-immolations among Tibetans. The comments came as state media reported two more Tibetans died after setting themselves on fire.

Chinese Foreign Ministry spokesman Hong Lei said the Dalai Lama’s comments in Japan on the island dispute showed his “reactionary nature” and determination to split China apart under the guise of religion.

“To achieve his separatist goal, he associated with Read the rest of this entry »

Posted in - Faith, Religion, Goodness - What is the Soul of a man?, - Read 'em and weep: The Daily News | Tagged: , , , , , , , , , , , , , , , , , , , , , , , , | Leave a Comment »

Mitt Romney won’t intervene in Bain’s export of 170 American jobs to China

Posted by Warm Southern Breeze on Friday, October 12, 2012

The company is profitable.

Sensata Technologies, 2520 S. Walnut Road, Freeport, Illinois – which was created by Bain Capital in 2006 – develops, manufactures, and sells sensors and controls for major auto manufacturers such as Ford and General Motors.

Despite rising profits, the company plans to institute the final layoffs in November. The workers are training their Chinese replacements, who have been flown to Illinois by the company.

Republican presidential candidate Mitt Romney is a co-founder of Bain Capital, the private equity investment firm that created Sensata. According to SEC filings, Romney served as CEO of Bain Capital from its founding in 1984 until 2002. Romney, however, has repeatedly said he left the company in 1999.

The employees’ website is Bainport.com.

Why Romney can’t save the Sensata workers

By September 18, 2012: 4:43 PM ET

Sorry, but Mitt Romney won’t save the Freeport jobs

sensata_employees

Protesters want Mitt Romney to intervene on their behalf.

FORTUNE — As Occupy Wall Street celebrated its one-year anniversary yesterday in Zuccotti Park, a much smaller group of protesters set up camp in the northwestern Illinois town of Freeport. They called it called BainVille, in sarcastic homage to the private equity firm they blame for outsourcing their jobs to China.

What the protesters want is for Mitt Romney to intervene on their behalf, leveraging both his national profile and his relationship with Bain Capital executives. And, in theory, it makes sense. After all, what presidential candidate wouldn’t want to help save 170 American manufacturing jobs? Particularly someone who talks about getting tough with China?

But it simply isn’t going to happen.

For the uninitiated, here’s a quick backgrounder: Late last year, a Bain-owned company called Sensata Technologies (ST) agreed to Read the rest of this entry »

Posted in - Business... None of yours, - Politics... that "dirty" little "game" that first begins in the home., - Read 'em and weep: The Daily News | Tagged: , , , , , , , , , , , , , , , , , , , , , | Leave a Comment »

China has divested 97% of its holdings of U.S. Treasury bills

Posted by Warm Southern Breeze on Monday, October 8, 2012

Who increased the debt? – h

According to the U.S. Treasury, China has divested 97% of its holdings of U.S. Treasury bills, falling from a peak of $210.4 Billion in May 2009, to $5.69 Billion in March 2011. T-bills mature in one year, or less and are sold to fund the nation’s debt. Chinese holdings of U.S. Treasury bills are reported in column 9 of the Treasury report linked here.

http://j.mp/TiKM7J

The cost of fighting a decade-long war was not funded. In fact, it was de-funded, because taxes were cut. That has NEVER been done in our nation’s history. NEVER.

Only an utter incompetent would cut income and increase spending. And yet, that’s exactly what happened.

Tax revenues as a %age of GDP gradually rose from 1995-2000 from ~28% to 30%, then gradually fell to ~26% in 2005. Since 1945, tax rates have continually fallen, yet it was during that time when tax rates were highest that our nation flourished, infrastructure was created, population and economic opportunity expanded, and small businesses flourished.

According to the United States Treasury, on January 20, 2009: Read the rest of this entry »

Posted in - Politics... that "dirty" little "game" that first begins in the home., - Read 'em and weep: The Daily News | Tagged: , , , , , , , | Leave a Comment »

Presenting the 60/40 Rule: NO MORE China buying U.S. Treasury Notes

Posted by Warm Southern Breeze on Saturday, October 6, 2012

Mitt Romney, during the first Presidential Debate of 2012, said, “I’m sorry, Jim. I’m going to stop the subsidy to PBS. I’m going to stop other things. I like PBS. I love Big Bird. I actually like you too. But I’m not going to — I’m not going to keep on spending money on things to borrow money from China to pay for it. That’s number one.”

In a previous post I opined how his plan is asinine, because it represents only 0.0012% of the budget.

In a separate post in a different forum, in a thread in response to the topic of cutting PBS, someone wrote that no one (agency) wanted to take a cut, and that Mr. Romney had a valid point about borrowing from China.

That is a concern, and a valid point with which I share similar sentiment, that not only is it bad fiscal policy to borrow, but it is even more dangerous to allow a majority share of any nation’s debt to be held by foreign nations, multinational corporations and others not loyal to the United States. It is a matter of national security, with which the Joint Forces Command Read the rest of this entry »

Posted in - Even MORE Uncategorized!, - Politics... that "dirty" little "game" that first begins in the home. | Tagged: , , , , , , , , , , , | Leave a Comment »

More Stupid Questions: The “More Cow Bell” Curve, and other Standard Equal (and Unequal) Distribution post

Posted by Warm Southern Breeze on Friday, September 28, 2012

Originally entitled as: More Stupid Questions: The “More Cow Bell” Curve, and other Standard Equal (and Unequal) Distribution post

I have returned to the title which I originally started… though I vascillated between this one, as well:

Yes. More Stupid Questions… and, “I gotta’ have more Cow Bell.”

Okay, the title says it all.

That is, unless you don’t understand statistics, the bell curve and equal distribution.

But, just in the case you don’t, here’s some low-down.

According to estimates by the United States Census Bureau, our nation’s population has recently exceeded 314,469,757. And with 4.47% of the world’s population, we are the 3d most populous nation in the world. China & India, with 1,344,130,000 (19.13%) & 1,241,491,960 (17.19%), are 1st & 2d, respectively. American population is about 25% the population of India. Expressed another way, India has 75% more people than the United States.

I mentioned those figures just to give an idea of how small the U.S. really is by comparison.

Nevertheless, I digress. And so quickly! (My goodness!) Let’s return to statistics, the bell curve and equal distribution.

As you may have read in a previous post entitled “Ask a silly question, get a silly answer. Yes, there’s such thing as a STUPID question.”, the bell curve is used to display information.”

In that post I had explained, writing that, Read the rest of this entry »

Posted in - Even MORE Uncategorized!, - Lost In Space: TOTALLY Discombobulated | Tagged: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a Comment »

Chinese Economic Slowdown is in the Making TRANSLATION: America is coming up!

Posted by Warm Southern Breeze on Wednesday, September 12, 2012

As the Rota Fortuna – the wheel of fortune – goes, one side goes up, while the corresponding side goes down.

America’s turn is next.

We’re comin’ up!

Bears at the heart of the dragon

Global Insight
September 12, 2012 3:50 pm, By Jamil Anderlini in Tianjin

Among the corporate titans and global leaders attending the World Economic Forum in the eastern Chinese city of Tianjin this week a fascinating division appears to have formed.

In quiet conversations and background chats with Chinese officials and analysts about the state of things in China, the tone of despondency and cynicism was pervasive while the views of international attendees on China were generally bullish and upbeat.

Rota Fortuna - the Wheel of Fortune

Rota Fortuna – the Wheel of Fortune – Fortune and Her Wheel: Illustration from Vol. 1 of Boccaccio’s De Casibus Virorum Illustrium (On the Fates of Famous Men) (1467, Glasgow, Glasgow University LIbrary)

At one point, during Read the rest of this entry »

Posted in - Even MORE Uncategorized!, - Read 'em and weep: The Daily News | Tagged: , , , , , , , , , , , , , , , , , , , , , | Leave a Comment »

Foxconn’s Chaotic Denial: We do not use forced student labor to make Apple iPhones

Posted by Warm Southern Breeze on Tuesday, September 11, 2012

Where’s Chairman Mao when you need him, eh?
/sarcasm

Foxconn denies using forced student labor to make Apple iPhones

By Jessica Guynn and Julie MakinenSeptember 11, 2012, 11:24 a.m.

Foxconn Technology Group is denying reports in the Chinese media that it forced vocational students to work at factories that make iPhones.

iPhone 5 announcement location

Tourist and Apple devotes stop and pose to take pictures of the Apple logo adorned front facade of the Yerba Buena Center for the Arts in San Francisco, California, USA, 09 September 2012, three days before the anticipated iPhone 5 announcement will be made. EPA/PETER DaSILVA

The controversy targeting Apple’s manufacturing partner in China comes as Apple is expected to unveil the latest iPhone on Wednesday.

Foxconn, which in recent months has come under heavy scrutiny in connection with working conditions in its factories, has conceded that Read the rest of this entry »

Posted in - Even MORE Uncategorized!, - Read 'em and weep: The Daily News | Tagged: , , , , , , , , , , , , , , , , , , , , | Leave a Comment »

Apple’s Chinese FoxConn Factory Criticized Again

Posted by Warm Southern Breeze on Monday, September 10, 2012

“They are free to leave anytime.”

Gee… sounds almost like a Republican-dominated America.

The iPhone 5 (which will presumably be it’s moniker) is due to be released soon.

How could this affect Apple?

China Plant Assailed Again Over Work for Apple

By and
Published: September 10, 2012

SHANGHAI — As Apple prepares to unveil the latest iPhone this week, the company’s manufacturing partner in China, Foxconn Technology, is coming under renewed criticism over labor practices after reports that vocational students were being compelled to work at plants making iPhones and their components.

Foxconn2-11

Foxconn has come under intense scrutiny in recent months over working conditions inside its factories. Ym Yik/European Pressphoto Agency

Foxconn has acknowledged using student “interns” on manufacturing lines, but says they are free to leave at any time. But two worker advocacy groups said Monday that they had spoken with students who said they had been forced by their teachers to assemble iPhones at a Foxconn factory in Zhengzhou, in north-central China.

Additionally, last week Chinese state-run news media reported that several vocational schools in the city of Huai’an, in eastern China, required hundreds of students to work on assembly lines at a Foxconn plant to help ease worker shortages. According to one of the articles, Huai’an students were ordered to manufacture cables for Apple’s new iPhone 5, which is expected to be introduced on Wednesday.

“They said they are forced to work by the teachers,” Li Qiang, founder of China Labor Watch, one of the advocacy organizations and a frequent critic of Foxconn’s labor policies, said in an interview on Monday. Mr. Li said his staff had Read the rest of this entry »

Posted in - Lost In Space: TOTALLY Discombobulated, - Read 'em and weep: The Daily News | Tagged: , , , , , , , , , , , | Leave a Comment »

Mu Shu Gai Sampan

Posted by Warm Southern Breeze on Friday, December 10, 2010

Sometimes…

…Continue…

Posted in - Lost In Space: TOTALLY Discombobulated, - Uncategorized | Tagged: , , , , , , , , , , , , , , , , , , , , | Leave a Comment »

The title of this entry is “More sex!” No… Wait… Yes! “More sex!”

Posted by Warm Southern Breeze on Tuesday, March 23, 2010

Ta-daah! This entry is about…. SEX!

Yup.

Sex.

Specifically, sexual prophecy!

Oh yeah!

Read on! …Continue…

Posted in - Did they REALLY say that?, - Faith, Religion, Goodness - What is the Soul of a man? | Tagged: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | 2 Comments »

At that rate, you’ll be through in…

Posted by Warm Southern Breeze on Thursday, November 19, 2009

The Associated Press is reporting that China’s health minister stated recently that 1.5 million Chinese citizens are being inoculated daily with H1N1 (swine flu) vaccine. They hope to have vaccinated nearly 7% of that nation’s population by this year’s end. Thus far, more than 50 Million Chinese people have been immunized, according to Chen Zhu, whom spoke from the Global Forum for Health Research being held in Havana, Cuba.

China is the world’s most populous nation, which CIA estimates in July 2008 placed at 1,330,044,544.

To give you an idea of the enormity of that task, if Chinese officials continue at that present rate – 1.5 million daily – it’d take 2.4293051 years (or, 2 years, 5ive months,  4 days, 13 hours) to completely inoculate the entire Chinese population.

And you wonder why they can get things done? (They ARE, after all, building the world’s largest hydroelectric dam. And we Americans have trouble figuring out if everybody in this nation needs healthcare, and how to get it done?)

Please!

Posted in - Read 'em and weep: The Daily News | Tagged: , , , , , , , , , | Leave a Comment »

 
%d bloggers like this: