Airline passengers subsidizing private aviation

William Black writes:

The ones the US pays on its huge military research contracts that are really
a way of subsidising civil aircraft development.

Those aren't subsidies, they are margins, which contribute to the profit of
the contractor. All government contractors pad their contracts, especially
military contracts.

What resources?

Water, arable land, fossil fuels, clean air, etc.

India's economic turnaround is almost all based around its huge English
speaking population working in telecommunications based service industries.

I hope it is looking at more long-term prospects.

Neither country has any serious resources that they're selling, ...

They are consuming resources, not selling them.

An Indian graduate with a higher degree will work, in India, for $10,000 a
year and think they've got a very good job.

Compared to the cost of living, he may be right. But that will change (is
changing, in fact).

--
Transpose mxsmanic and gmail to reach me by e-mail.

"Mxsmanic" wrote in message
...
William Black writes:

The ones the US pays on its huge military research contracts that are
really
a way of subsidising civil aircraft development.

Those aren't subsidies, they are margins, which contribute to the profit
of
the contractor. All government contractors pad their contracts,
especially
military contracts.

What resources?

Water, arable land, fossil fuels, clean air, etc.

India and China have very few fosil fuels, they both import them. They
have both managed to become self sufficient in food and their agricultural
land utilisation is rather good. Clean air isn't of any great interest in
societies where drinking water is a scarce resource.

India's economic turnaround is almost all based around its huge English
speaking population working in telecommunications based service
industries.

I hope it is looking at more long-term prospects.

Well they're busy buying up large amounts of European industry.
Interestingly neither of them are investing in the USA despite having huge
amounts of dollars.

What do you suggest as an alternative to telecommunications in the long
term?

Neither country has any serious resources that they're selling, ...

They are consuming resources, not selling them.

So?

They can afford to pay for them.

Welcome to the globalised world...

An Indian graduate with a higher degree will work, in India, for
$10,000 a
year and think they've got a very good job.

Compared to the cost of living, he may be right. But that will change (is
changing, in fact).

Inflation in India runs at about 6% per year.

Last year I took four people out for dinner in a fashionable restaurant
there for less than $25, including cocktails, and I do mean fashionable...

Next year it may be $26:50...

When's it going to be $100 each?

--
William Black


I've seen things you people wouldn't believe.
Barbeques on fire by the chalets past the castle headland
I watched the gift shops glitter in the darkness off the Newborough gate
All these moments will be lost in time, like icecream on the beach
Time for tea.

"William Black" wrote ....

Well they're busy buying up large amounts of European industry.
Interestingly neither of them are investing in the USA despite having huge
amounts of dollars.


Individual (and family) Indian investors represent among the largest
"repatriators" of US Dollars for investment in the US, with undeveloped real
estate, commercial buildings and hotel/motel properties among the most
popular investments.

The fastest area of investment growth by Chinese nationals involves the
construction and ownership of residential rental properties, of which the
"industry standard" seems to be four and eight plexes for student rentals
close to universities in smaller US cities. The reverse dollar flow for
such investing is slim, with most of the funds coming from US mortgage
lenders with full coffers and low rates. Surveys of Chinese working in the
US indicate substantial dollars exported to China for family maintenance,
the classic flow of earnings by legal and illegal Mexican/Central American
immigrants. Because of their extremely low profiles and low
apprehension/deportation rates, accurate data is hard to find for illegal
Chinese, but given avenues for remitting funds, "Family maintenance"
payments rank up there with "Paying the coyote

Part of the background for this type of investment....

US immigration laws are heavily weighted in favor of applicants with
substantial "real property" in the US. Own a big enough piece of a motel,
even in Dime Box, and you can set up residence.

TMO

"TMOliver" wrote in message
...

"William Black" wrote ....

Well they're busy buying up large amounts of European industry.
Interestingly neither of them are investing in the USA despite having
huge amounts of dollars.


Individual (and family) Indian investors represent among the largest
"repatriators" of US Dollars for investment in the US, with undeveloped
real estate, commercial buildings and hotel/motel properties among the
most popular investments.

Oh come on.

Tata just bought British Steel.

Laxmi Mittal just bought Arcelor.

Let me know when an Indian buys US Steel...

--
William Black


I've seen things you people wouldn't believe.
Barbeques on fire by the chalets past the castle headland
I watched the gift shops glitter in the darkness off the Newborough gate
All these moments will be lost in time, like icecream on the beach
Time for tea.

"William Black" wrote ...

Oh come on.

Tata just bought British Steel.

Laxmi Mittal just bought Arcelor.

Let me know when an Indian buys US Steel...


Well, I suppose that as parlous a shape as they are in, US steel companies
sell at a far higher price than the rusting hulks of the once modest simply
deteriorated British steel industry. Just as the UK's automakers were sold
on the Sheriff's stoop to furriners, now you all are selling off the rest of
the patrimony

It's far easier to "make a bundle" in the US real estate market than by
purchasing US steel companies, and had you traveled in the US in recent
years to catch the smell of curry drifting from the owner's apartments in
all those small town motels, you might better appreciate the extent of
Indian investment

"TMOliver" wrote in message
...

"William Black" wrote ...

Oh come on.

Tata just bought British Steel.

Laxmi Mittal just bought Arcelor.

Let me know when an Indian buys US Steel...


Well, I suppose that as parlous a shape as they are in, US steel companies
sell at a far higher price than the rusting hulks of the once modest
simply deteriorated British steel industry. Just as the UK's automakers
were sold on the Sheriff's stoop to furriners, now you all are selling off
the rest of the patrimony

We've worked out that we don't care who owns the place, after all, we used
to own a third of the planet and it didn't make us rich.

What matters is where the jobs are...

Oh yes, and being able to have a really good party...

It's far easier to "make a bundle" in the US real estate market than by
purchasing US steel companies, and had you traveled in the US in recent
years to catch the smell of curry drifting from the owner's apartments in
all those small town motels, you might better appreciate the extent of
Indian investment

The US currently has a far higher Indian population than the UK.

Indeed it's twice the size.

This is a recent phenomenon. The demographics of the US Indian population
is also radically different to that in the UK.

But London remains the biggest Indian city outside of India...

--
William Black


I've seen things you people wouldn't believe.
Barbeques on fire by the chalets past the castle headland
I watched the gift shops glitter in the darkness off the Newborough gate
All these moments will be lost in time, like icecream on the beach
Time for tea.

"William Black" wrote ....


The US currently has a far higher Indian population than the UK.

Indeed it's twice the size.

Interesting admission based on your earlier comments investments (and
most of the migration "employment oriented" are in the upper 50% of US
income earners). Of course , to paraphtrase, "migration is the sincereest
form of investment". On the other hand, visibly "rich" Indians residing in
the US are a Southern California thing, invisible except in Houston anda
handful of similar cities.

This is a recent phenomenon. The demographics of the US Indian population
is also radically different to that in the UK.

We do have more Patels I presume.....

But London remains the biggest Indian city outside of India...


But hardly an "Indian" city, as San Antonio, the largest Mexican city
outside of Mexico is clearly far more Mexican than London is Indian.

One of the interesting demographic comparisons....

While Indians in the UK are concentrated in the cities (and in identifiable
neighborhoods/areas in most cases), in the US the largest number are found
dispersed in small towns and cities (and with no identifiable housing
patterns. While the high-techs are the best known and most recognizable,
medical/health professionals make up the largest group after
"individual/family business owners", all those pure capitalists, with
educators at the university level being another substantial segment of the
overall population.

Indian migration to the US is certainly a post 1960, maybe 1970, phenom.

TMO