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


To: THE ANT who wrote (97725)1/12/2013 11:44:12 PM
From: elmatador  Read Replies (1) | Respond to of 217801
 
What the Americano fails to grasp is that a large portion of their standard of living owe to the fact that the US held currency held world reserve currency status.

That allowed them to enjoy a high standard of living without paying much taxes. That went for too long.
Now next generation have to pay for theirs and for their parents taxes.

The next generation will not accept the costs of the American state. Or how people like to say the cost of government.

Now if you look to, using your analogy, the botequim group, we are looking at how people perceive things.

All those perceptions, in the botequim as well an in here, were based on an era pre information dissemination.

They draw from that universe they grew up. From the school, their work place.

To acquire and store information was very very expensive. Only a few could acquire and access the store of information. Electronics: cheap processing power cheap memory and changed all that.

I ma lucky because before I was acquiring and storing information way before the information era dawned bringing in with it cheaper computers and telecommunication.

I used to deal with the paper based thing which was very expensive and into which I devoted a lot of my money.

How many 14 year old today you see in a train with a O Estado de São Paulo? Or any other serous paper in the rest of the world? I was there reading it amigo!



To: THE ANT who wrote (97725)3/20/2013 12:03:51 PM
From: elmatador  Read Replies (2) | Respond to of 217801
 
Airlines are on course for improved profits in 2013 because of higher-than-expected passenger travel and a recovery in air cargo markets, the industry’s main trade body said on Wednesday.

Airlines on course for rise in profits

By Andrew Parker in London

Airlines are on course for improved profits in 2013 because of higher-than-expected passenger travel and a recovery in air cargo markets, the industry’s main trade body said on Wednesday.

But the International Air Transport Association cautioned that industry earnings could still be hurt by the eurozone crisis, and expressed deep concern at the “draconian” bailout in Cyprus that proposes a tax on bank deposits.

Iata said stronger revenues were the main reason for its upgrade to this year’s profit forecast, with passenger air travel expected to increase faster than previously expected, complemented by a return to modest growth in air cargo after two years of decline.Iata upgraded its closely watched industry performance forecast, saying it expected airlines to record a combined net profit of $10.6bn this year, up from a previous estimate of $8.4bn. This compares with Iata’s estimate that airlines made a combined net profit of $7.6bn last year.

Tony Tyler, Iata’s director-general, said industry profits were taking a “small step” in the right direction, against the backdrop of optimism about global economic prospects.

But the eurozone crisis could still take another turn for the worse. “The impact of the unfolding situation in Cyprus is a risk factor that cannot be ignored,” said Mr Tyler.

European airlines are expected to report combined net profit of $800m this year, up from $300m in 2012, in spite of the eurozone’s problems. Iata said European airlines were able to offset weakness in domestic markets during 2013 with strong demand for long-haul travel to emerging markets.

Asian airlines are expected to be the biggest contributors to the industry’s earnings this year, generating net profit of $4.2bn. These airlines carry about 40 per cent of the world’s air cargo and should be the biggest beneficiaries of the recovery in freight transport.

North American airlines are predicted to be the second most profitable carriers, with net profit of $3.6bn this year. US airlines are reporting improved earnings after a wave of consolidation that is set to continue with the proposed merger of American Airlines and US Airways.

Another key reason that Iata is forecasting improved industry profits this year is that airlines – notably in the US and to some extent in the European Union – are increasing capacity by less than the rate of air traffic growth.

Earnings have traditionally been eroded by airlines deploying far too much capacity on routes, resulting in price wars, but restraint is now emerging in some developed markets.

However, Mr Tyler said airlines were still suffering from “anaemic profitability”, adding that the EU was exacerbating the situation with proposed passenger rights legislation that would increase the cost of flying.

Copyright The Financial Times Limited 2013.