Bad business.
Yesterday we talked about the 100 years that General Motors will undoubtedly meet today, a bad deal. So now we have to talk about another bad deal that also satisfies the century, it is the first oil well in Middle East which was built in Iran and was without doubt a lousy deal because it ceded to the British 60 years, by just 75,000 $.
"Nobody can be proud of that part of the history of the United Kingdom in Iran," said the vice president of investments of the Iranian National Oil Company, Ghanimi Fard.
Perhaps, as I began the week talking about the optimism we should see it as an excellent deal for the British. However, the Iranians are still somewhat resentful of that treatment, however with a 5% of the world's oil reserves and would like to interact more with the world, for the account that brings us all.
"If not, who is going to be more prejudiced? I have no doubt that the living standards of many European countries is going to be affected in the long run if they do not have sufficient energy resources, "said Fard.
Speaking of oil yesterday Obama suggested an interesting and risky proposal "to combat the crisis with the strategic oil reserves"
"We should sell 70 million barrels of crude oil from our Strategic Petroleum Reserve and replace them with less expensive crude, which in the past has cut the price of gasoline in two weeks," Obama said during a speech in Lansing , Michigan
To which, Mc Cain replied:
"The strategic petroleum reserve is to guarantee the national security of U.S. and not as an electoral strategy for Obama, "said Tucker Bonds, a spokesman for McCain said in a statement.
Interesting debate should use the strategic oil reserves to manipulate their price? What better strategy than to take a cheap oil?.
Otherwise we have a lot in Spain is of strategic reserves of housing, namely 900,000 empty according to an analysis of the official publication ICE (Information Business Spanish).
The data in the report have been prepared on the basis of a comparison between the number of housing units (new) and the homes created in recent years, counting it as a source for the information provided by the National Statistics Institute (INE) And initially result reflects that since 2001 have been built 1.8 million new homes that can be considered 'non-core' because they do not live their owners. The authors of the study, however, fine-tuned many of the houses built are second homes in the strict sense, "and therefore can not be considered as empty as their owners deal with the sporadic form. According to their findings, in this situation would be about 900,000 new homes, so the remainder (up to 1.8 million) can be considered as empty.
Of course, not all vacant apartments were purchased to be sold, some were even made to live in them as a second home.
Meanwhile, we have 63% of households that spend more than 40% of their monthly income to pay their debt.
The percentage of households that spend more than 40% of their monthly income on financial payments grew in the first four months of the year from 47% to 63% as a result mainly of increases in interest rates, according to the Agency Negotiator Product Banking.
So if it seems that we will have is a September movidito, you know the month of a return to reality and true cost of the year.
The first days of September will have a "real impact" for thousands of Spanish families, as to expenditures in the summer and return to school for the children will join a further rise in the share of the mortgage, at an average of 500 euros a year.
So you know, take advantage of these last days of August.
UPDATE: Index Harmonized Index of Consumer Prices (HICP) in Spain stood at his annual rate to 4.9% in the month of August, four tenths less than in the previous month, as a consequence, above all, the moderation of crude , According to the advance indicator developed by the National Statistics Institute (INE)
Written by Carlos Lopez on August 28, 2008 with 189 points.
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# 1 Holidays
Good morning, everyone.
I hope that all of them have gone either holiday. Now we will try to spend some of the slopes most important recent September. In good spirits sure you spend the better.
Positive air for the entire world.
Besitos