Likatonia

[John Cracker]

GDP Hits Highest Growth in 17 Years

The GDP of Likatonia has reached 3.6% growth the highest in 17 years. Likatonia also witnessed 20,000 fewer job-less claims with the unemployment at a steady 3.2%.

[John Cracker]

[size=150]GDP For this Quarter Reaches 4%![/size]

As on the 1st quarter in 4693 the GDP has hit 4%! Studies also show that 50,000 new jobs were created and Likatonia also has 35,000 fewer jobless claims.
After the GDP hit a record high in 100 years the economy is expected to slow down but retain an average growth of 3.4%, as of right now the average GDP is 3.8%.

[John Cracker]

GDP For this Quarter Reaches 4%!

As of the 1st quarter in 4693 the GDP has hit 4%! Studies also show that 50,000 new jobs were created and Likatonia also has 35,000 fewer jobless claims.
After the GDP hit a record high in 100 years the economy is expected to slow down but retain an average growth of 3.4%, as of right now the average GDP is 3.8%.

@JohnHamilton tweeted "This record high is due to lower taxes and more privatization, vote Conservative Republican to see more economic growth and take down the SWP!

@PhillipVirgil tweeted "We have hit a 100 year record high of 4% GDP growth, vote for John Hamilton next election and take power away from the SWP!"

@SarahHickens tweeted "Vote Conservative Republican next election and see our country rise again!"

Note: John Hamilton is the current Conservative Republican nominee for HOS, Phillip Virgil is the former nominee for HOS, and Sarah Hickens is the governor of East Bolton.

[John Cracker]

GDP Unexpectedly Grows

The GDP of Likatonia has hit 4.2% growing unexpectedly in the fourth quarter. Likatonia also witnessed a drop in unemployment going from 3.2% to 2.9%. Likatonia is expected now to slow down with some even suggesting a crash but many saying that is unlikely.

Many prominent Conservative republicans claim that this is because of lower taxes and more privatization but the SWP says it is pure luck. In a two way race between John Hamilton and the Socialist Workers Party canadaite John Hamilton has reached 42% in the polls the SWP at 47% 11% being undecided.

[John Cracker]

Oil Boom In Likatonia

An oil boom has started with new oil reserves being discovred of the cost of Pirland and in East Bolton drilling has been authorized by the government and thousands of jobs have been created and will continue to be created. Likatonia now produces 900,000 barrels of oil every three days and that number is expected to rise.

The Conservative Republican Party will reach out to nations with trade agreements to see if they are willing to have oil as part of the agreement.

[John Cracker]

Minerals Discovered in Likatonia

Precious Metals were discovered in the mountains of east Bolton when an annual expedition stumbled upon them. Dr. John Hockins was leading an expedition to explore the cave system and geology of East Bolton. When they went down an unexplored cave system and found few minerals and some precious metals which is not unusual but then they stumbled upon a cavern and found many precious metals and minerals. In an interview Dr. Hockins stated "It is the most amazing reserve of minerals and metals I have ever seen there were even some rare gems".

Dr. Hockins and his team collected samples and brought them to the surface they tested them and the gold turned out to be some of the purist ever found in Likatonia. The minerals, metals, and gems were logged and estimated to be worth 40 billion dollars there turned out to be, silver, gold, tin, copper, nickel, and platinum for the metals the minerals were quartz, pyrite, fluorite, phosphate, and a small amount of uranium the gems that where found were rubies, amethyst, alexandrite, black opals, diamonds, emeralds, and citrine. These minerals were not found all in one place they were discovered all throughout miles of cave systems coming in and out of the main cavern.

Economic experts predict that once the mining starts Likatonias GDP could reach 4.5%! They also predict that it could lower the unemployment rate to 2.6%." None of this is sure to happen" economic expert Samuel Gallen said " but these minerals could provide a massive boast to Likatonias economy". East boltons legislator has approved mining and several companies have already started to purchase parts of the mine.

[John Cracker]

Likatonian Firms Start Investing in Mines

Companies all over Likatonia have started to invest in mines and caves recently discovered to contain an abundance of minerals including, silver, tin, copper, nickel, quartz, pyrite, coal, fluorite, phosphate, rubies, amethyst, alexandrite, black opals, emeralds, and citrine were also discovered.

One of the companies to invest was Bolton Minerals which is a mining company that operates all around East and West Bolton, it is also the oldest mining company in Likatonia. Bolton Minerals bought the most of any company buying 100 square miles of promising caves and caverns Bolton Minerals spokesmen Ron Dolton said "we are hopping to find precious metals and valuable gems in the space we bought, we do not expect many minerals because most of the minerals where found miles to the east but a-lot of the valuable gems and metals were found near this area". Bolton Minerals spent fifty-thousand LIK per square mile coming to a total of 2.5 mill. LIK. The company has started to mine the area and said that it looks promising.

Among other companies to invest were,

Likatonian Gems: Bought 90 square miles in the more gem-promising section at 55,000 LIK a square mile, coming to the total of 4.95 mill. LIK.
East Bolton Mining Company: Bought 50 square miles in the precious metal section at 45,000 LIK a square mile spending 2.25 mill. LIK.
Renzon Coal: Bought 65 square miles in the mineral area at 40,000 LIK per square mile spending 2.6 mill. LIK.

Several other companies have expressed interest in buying mines.

[John Cracker]

Likatonia Leaves World Congress

At 12:00pm Likatonia officially left the World Congress earlier that day Sarah Hickens gave a farewell speech to the World Congress she spoke to the crowd that evening. The crowd roared when the clock struck twelve and thousands across Likatonia chanted "tyranny is dead Liakontia is free"! The Proposal passed one month earlier with support from the Conservative Republican Party, Part of 1776, and the Labor Party, the two parties the opposed were the Socialist Workers Party and the Social Democrats.

[John Cracker]

Weapons Purchase with Hutori Complete Training Begins

In May 4007 the final 10 billion LIK payment was sent to Hutori to finish paying for a weapons purchase that upgraded Likatonias Navy and Air-force. In total the Purchase was 70 billion LIK in exchange for, fifty HH-16E attack helicopters, 100 HF-35E fighter jets, and 20 Bekenial class Frigates. After they arrived a one-year training plane for the navy and a six month training plan for the Air-force took place costing one billion LIK, the plane was to train pilots and sailors to adapt to the Hutori equipment, each pilot (for both the HH-16E and HH-35E) gets a single one on one training session a week, along with one class session a week, the one on one is spent on flying the aircraft wile the class session is spent on learning the procedures, flight rules, and make up of the aircraft, also with a flight simulation, once a week starting a month into the program after pilots get their class and individual training for that week all the pilots will fly their aircraft in real-life missoin simulations.The training for the Frigates will done via two class sessions a week (separate classes depending on the job that the sailor will preform) and starting two-months into the program the sailors will man their stations on their ship and sail on a short two week missoin and then return to train for two more weeks before they sail on a longer month missoin after the sailors return they will continue training by one week of class room learning and then a one weak missoin, this will continue until six- months is up.

[John Cracker]

Mine Almost Completely Bought out in East Bolton

After large masses of minerals, gems, and precious metals where discovered in Likatonia many companies have started purchasing parts of mines including foreign investors from Dorvik and Hutori, Hutori payed 7.5 bill. for their share and Dorvik has pledged to invest several bill. Dolgars in the Likatonain economy. The Natural Resource Technical Management Corporation from Dorvik was the first and only company to rent the land instead of buying it, Liaktonia gets a 25% stake in the company 50% of employees are Liaktonian and 45% of all management is Likatonian. Four Likatonian companies also bought land coming to the total of 9.04 bill. LIK, the list of all companies and what hey invested are as follows.

Bolton Minerals: 100 square miles explored metals and gems (spent 3.5 bill. LIK)

Likatonian Gems: 95 square miles searched gems (spent 3.04 bill. LIK)

East Bolton Mining Company: 50 square miles searched precious metals (spent 1.5 bill. LIK)

Renzon Coal: 65 square miles searched minerals. ( spent 1.3 bill. LIK)

The Natural Resource Technical Management Corporation: Rented 100 square miles of explored 500 square miles of unexplored Likatonia gets 25% of the company 50% of employees will be Likatoian 45% of management will be Likatonain.

Gold Lion Capital, Carter Energy Group, and the Hutorian Sovereign Wealth Fund: 100 explored 200 unexplored all the mining will be done by Carter Mining Limited (spent 7.5 bill. HLR)

The total money invested comes to 16.8 bill. a large investment in the Likatonain economy, all the companies have started mining and many Likatonains are being hired, most notably the thousands reported by Dorvik, economic experts predict the GDP could reach around 3.9% growth after the full effects set in and predict the unemployment rate could drop to 2.9%, they also said that these projections are based of current investment 200 square miles remains un-bought so the effects could get better.