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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?


To: TobagoJack who wrote (90474)5/21/2012 6:43:47 AM
From: elmatador  Respond to of 217588
 
authorities (plan to) take over a failing group and force its shareholders and bondholders to take losses while keeping critical operating companies open.

This is sounding like a Q3 coming down Mr. Tj!

see posting below



To: TobagoJack who wrote (90474)5/21/2012 8:47:04 AM
From: Maurice Winn3 Recommendations  Respond to of 217588
 
Good grief, what a load of kleptocratic malarkey. You'd think they'd be happy just to have a tribe of visitors drop in from nowhere, throw a load of money around on rent, food, transport, whatnot and more for this that and the other. < wastrel european states introduced rule-by-making-up-rules since we were there last summer, and now the nanny needs a work visa instead of a tourist visa, and we must pay the locality an imputed 40% income tax on the nanny's imputed european-locality-minimum-wage-compliant compensation (euro 9 per hour) at guestimated working hours per local norm (35 hrs per week). iow the tax for 'auntie's' visa comes to ~500 euro, which in hk pays for an entire month's of compensation. oh, and yes, 300k euro medical insurance coverage for the nanny is a must, and our basic travel insurance and hkg coverage clearly would not do.

my guess, the remaining euro states shall go the way of greece fairly quickly, if they are lucky, or face a more thorough monetary-econo destruction should such destruction be delayed.
>

I'm heading for London on Sunday returning in September as summer fades. In late June to Montpelier [France]. Similar tribal visitation. My wife is nannying an infant part time. I hope we don't get arrested for neglecting work visas or something. It's normal to be breaking a few rules at any time, whatever one is doing, or even if doing nothing. I'll be doing unpaid child minding. Perhaps that is working for less than the minimum wage which is no doubt punishable by various fines.

Happy travels.

Mqurice



To: TobagoJack who wrote (90474)5/22/2012 2:06:26 AM
From: LostOnEarth  Read Replies (3) | Respond to of 217588
 
TJ,

As KSA moves to drop it's national dependency on oil by fostering domestic businesses, it is still marginalized by the cheaper influx of foreign goods and services... only adding to the dilemma. Dubai on the other hand, has prospered further, yet it's technology boom as long since hit it's bell curve.

What do you suspect will be the over all effect to oil producing welfare nations states that are pegged to the USD, i.e. KSA, UAE?

Live from
Heilongjiang Harbin