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IBM Cutting Jobs In U.S. And Globally

“International Business Machines Corp. (IBM), the world’s largest computer-services provider, began cutting U.S. jobs today as part of a global restructuring plan announced in April. The reduction targets employees with a range of seniority, from rank-and-file staff to executives. Some U.S. workers began to receive notifications of the cuts last night, according to Lee Conrad, a coordinator for Alliance@IBM, an employee group. The restructuring will cost $1 billion worldwide, including severance expenses. The company is probably cutting 6,000 to 8,000 jobs globally, based on the $1 billion cost figure.” Continue reading →

A Flourishing $40 Million Medical Marijuana Industry Helps Israelis Forget

“Illegal for recreational use, today medical cannabis is prescribed to some 11,000 Israeli patients, up from 1,800 in 2009, according to the Israeli Health Ministry. It is used to treat an extensive list of illnesses including cancer, Parkinson’s, Tourette syndrome, and PTSD. While government attempts to limit use have sparked a heated debate, legislation is still relatively liberal. In May, Health Minister Yael German announced that an additional 11 doctors would be certified to prescribe cannabis—bumping up the number to 19—by the end of the year. While rabbinic support for medical cannabis has long existed in Israel, government regulation is relatively new.” Continue reading →

Glenn Beck calls for celebrating Ramadan by shooting all Guantanamo prisoners in the head

“Let’s save some money… here’s the thing… We can’t let them starve themselves to death? Damn right we can. We can also shoot them in the head, which is the other option and the one I’m for. SHOOT THEM. But, the other is let them starve to death and I’m totally fine with that. I don’t want to starve anybody myself; but I don’t want to do that. I want to be the country that we all love and appreciate. You know the one that is feared by its enemies, but should not be a country that is feared by all. But is feared by its enemies.” Continue reading →

Sen. Schumer: ‘Stop and frisk’ Ray Kelly should be new Homeland secretary

“New York Sen. Chuck Schumer (D) said in a statement on Friday that President Barack Obama should nominate controversial New York Police Department chief Ray Kelly to fill the vacancy left by Homeland Security Secretary Janet Napolitano. In a statement obtained by the New York Daily News, Schumer said, ‘The Department of Homeland Security is one of the most important agencies in the federal government. It’s [sic] leader needs to be someone who knows law enforcement, understands anti-terrorism efforts, and is a top-notch administrator, and at the NYPD, Ray Kelly has proven that he excels in all three.'” Continue reading →

China, India and Pakistan beefing up nuclear arsenals

“China now has 250 nuclear warheads against 240 in 2012, while Pakistan has increased its warheads by about 10 to between 100 and 120 and India has also added roughly 10 for a total of 90 to 110, SIPRI said in its annual report. Only the two old superpowers have cut their warheads, Russia reducing its number from 10,000 to 8,500, and the United States scaling back from 8,000 to 7,700. The warheads controlled by France stayed at 300, while Britain’s remained at 225, and Israel’s at 80. The United States and Russia have not destroyed all their chemical weapons in 2012 as promised, and Syria has said it is prepared to use them in the case of foreign attack.” Continue reading →

South Korean court orders Japanese steel company to pay for forced labor in WWII

“A South Korean court on Wednesday ordered a Japanese steel giant to pay compensation over forced wartime labour in what was described as the first ruling of its kind, a report said. The decision marked the latest chapter in a 16-year legal battle launched by four South Koreans, now aged in their eighties and nineties, who were drafted to work for the predecessor of Nippon Steel before World War II. The forced labour issue and wartime sexual slavery remain key points of contention between Seoul and Tokyo after Japan’s brutal colonisation of the Korean peninsula from 1910 to 1945.” Continue reading →

Japan says it faces increasing threats from China, North Korea

“Japan faces increasingly serious threats to its security from an assertive China and an unpredictable North Korea, a defense ministry report said on Tuesday, as ruling politicians call for the military to beef up its ability to respond to such threats. The report, the first since hawkish Prime Minister Shinzo Abe took office vowing to boost Japan’s defenses, was likely to prompt a sharp response from Beijing, whose ties with Tokyo are strained by a territorial row. China is also upset by remarks from Abe suggesting he wants to cast Tokyo’s wartime history in a less apologetic tone.” Continue reading →

Bill Bonner: The Making of a Modern Debt Slave…

“Deny a young person work and you deny him a career. Deny him a career and you deny him a way to support a family. Deny him a family life, and who knows what happens? In China, the ‘bare branches’ – young men who couldn’t find wives – started a revolution. The Nien Rebellion, which took place between 1851 and 1868, cost 100,000 dead and almost toppled the Qing Dynasty. Will today’s young people accept their lot… and remain in docile debt servitude their whole lives? Or will they rise up, as Mr. Graeber suggests, and burn T-bonds in public spaces… rampage down Wall Street… and perhaps hang Ben Bernanke in front of the New York Federal Reserve?” Continue reading →