Air Force One

The Boeing 747 (the Jumbo) is undoubtedly the most popular airliner in the world and a veteran who already has flown since 1970. If we want to buy one, we should ask about a mortgage for $ 250,000,000 which would take us 30 years to a monthly fee of $ 1,342,054 (this is where professional bias).

As you can not mortgaged for life or for a share of the month, dream and see some sights of this plane that I got here.

• The 747-400 wing weighs 43,090 kg, three times more than the first Boeing aircraft, the B & W 1916.
• Its wing measures 524.9 m2, an area large enough to house 45 medium-sized cars.
• The 747 fleet has recorded more than 56,000 million km, enough to make 74,000 round trips to the moon and has transported 3,500 million people, equivalent to more than half the population of the planet.
• The 747-400 has 16 wheels at its main landing gear wheels and 2 in the front landing gear.
• The 747-400ER can carry more than 240,370 liters of fuel, and perform extremely long routes, like Los Angeles-Melbourne (Imagine if it affects the price of oil).
• A 747-400 on a route of 5630 km and loaded with 56,700 kg of fuel consumed an average of 19 liters per mile.
• The first flight of the Wright brothers at Kitty Hawk could have been made in the economy class section (45 meters) of a 747-400.

Impressive huh?. Also impressive are the figures for turnover of Boeing, yesterday presented results and earnings for the first quarter (1,200 million U.S. dollars) grew by 38 percent, more than expected. As the results of Mc Donald's your weak dollar has enabled it to obtain good results.

These days we are engaged in presenting results of the first quarter of the year, and is key as you know the progress of the companies, if the crisis is affecting or not. For now, we see that clearly has affected the property sector and banking, the rest need further confirmation that we are already some surprises with figures above expectations.

Of course, the real estate crisis affects all its related sectors, which recently saw the sale of electrical appliances decreased significantly, and yesterday we learned that the store chain of electrical stores, electronics and telephony Ivarte go into receivership ( composition, which is called now).

The other crisis that we have, the food prices, is beginning to be really worrying for some countries, so much so that Wal-Mart (the largest supermarket chain in the world), is limiting the sale of certain types of rice their customers for the shortage of this product. The company says that its measure is due to "recent trends in supply and demand," he said in a statement.

The cost of food have skyrocketed worldwide, due to increased demand in emerging markets like China and India, competition with biofuels, high oil prices and market speculation.

The situation has led to riots in several African countries, Indonesia and Haiti. The secretary general of the United Nations, Ban Ki-moon has warned that higher food prices could undermine global growth and security.

The price of rice has increased by 68% since early 2008.

In conclusion, I find that my admired Warren Buffet is going to visit Madrid and other European capitals on May 3.

The chairman of Berkshire Hathaway will travel, in addition to Madrid, Milan and other cities in Germany and Switzerland. 'The purpose is to find companies with family business owners, the typical European dynasties, "said Moratti to be interviewed by Bloomberg. 'It comes with the idea that sooner or later one of these big businesses fall into their hands. "

Attentive to this paragraph:

Master game, Buffett (77 years) is seeking to employ prisoners in the 40,000 million U.S. dollars it holds in cash. The only problem is to identify a good opportunity, a company listed at a price below its target value. The millionaire repeats frequently that he has "more money than opportunities."

I think this key phrase: More money than opportunities. Could it be that instead of having liquidity crisis, which is there is crisis of confidence?

Written by Carlos Lopez on April 24, 2008 with 289 comments
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