Posts Tagged Expensive

Property Blood Bath

imagesIn 2008, America demonstrated to the world what a housing bubble exuberance is like. It leads to a blood bath. When grandma’s with zero income are offered financing to buy over inflated properties, the signs are clear to head for the hills. But greed invariably wins. Housing bubbles are nothing new. Japan suffered a massive crash 2 decades ago and has not recovered since. Will America be any different? Question is who is next? Read the rest of this entry »

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Free Money

imagesMost people do not know how easy governments can make money – just print. This has been the modus operandi of central bankers. Notably the Federal Reserve of the United States has demonstrated how easy money is manufactured. Literally, The Fed (which is a cartel of private banks) minted trillions out of thin air. But there are also other ingenious ways, besides taxes, for governments to extract money from its citizenry. The Singapore government mandated that cars may only be purchased if aspiring owners bid successfully for a certificate of entitlement (COE). Each licence is only valid for 10 years and allows holders of the COE  to use a car for 10 years, after which the car has to be decommissioned. The Singapore government will collect an estimated whopping $5.1 billion this year just printing these limited quotas of COE.  This in in addition to a 140% tax on imported cars. Read the rest of this entry »

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Useful or Valuable

Quotation-Tolstoy-country-life-possibility-happiness-people-Meetville-Quotes-123376The world we live is being incessantly bombarded by advertising propaganda, so much so that carnal desires have been grossly subverted. Queues formed to buy the latest iPhone even before the shops are opened. Those vying for the latest gadgets are likely to already owned a good and working iPhone, if not a few other phones or tablets. Why is there such madness in wanting to have the latest iPhone when the older one is working well? More puzzling is the fact that the new phone does not offer anything significantly more than the older one. Read the rest of this entry »

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$5000 Ticket to Hell

indexSB*NationWe’re hours away from the game getting underway, but Super Bowl 49 is already breaking records — it’s now officially the most expensive Super Bowl ever when it comes to ticket prices.

Super Bowl 49 ticket prices are officially the most expensive ever, according to Darren Rovell of ESPN. The average price of a ticket on the second-hand market was $4,600 and $4,131, according to the top resale sites StubHub and NFL Ticket Exchange, respectively.

As noted in the report, it was difficult to get a ticket for any less than $4,500 around Thursday, and tickets on Saturday were in the $7,000 range. Usually, as the game gets closer, the ticket prices fluctuate but there are usually points in which you’re able to take advantage of the price dropping. This year, that didn’t happen, and brokers had to either take a loss on the tickets they’ve already promised to customers, or offering refunds.
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Weekender: Extreme Speakers

Extreme Speakers: $260,000 per pair

Only if you think this is sound investment

unnamedThe monumental sculpture of a speaker, standing up to 2 meters high, craves for attention through Estelon’s signature design. Extreme gives you a perception of the quality it performs, even before you embrace the entrancing sound it delivers.

The proprietary marble based composite material with the finest aesthetic finish presents the familiar sculpture-like design that Estelon has trademarked over the years. Following the principles that have proven itself with every product launched by Estelon, the shape and the material of the speaker are an essential part of the powerful performance the speaker provides. The truly mesmerizing experience begins when the design and the technology fuse together, as the audience will be left in awe after being absorbed in seamlessly blended soundscape.

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Served by Robots

_75890520_022606886-1BBC News – “In China this month a record 7.26 million will graduate from the country’s universities – more than seven times the number 15 years ago. (…..)

Unemployment among new graduates six months after leaving university is officially around 15%. Even that conservative estimate means over a million new Chinese graduates will be jobless.

The real unemployment rate could be closer to 30% – some 2.3 million unemployed from this year’s graduating cohort alone, according to Joseph Cheng, professor of political science at City University of Hong Kong.”
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One World, Two Regimes

President's VW

President’s VW

RT News“Uruguay’s President Jose Mujica is widely seen as one of the world’s most down-to-earth leaders, who has often emphasized the need for people to love one another and not focus on the material.

“A president is a high-level official who is elected to carry out a function. He is not a king, not a god. He is not the witch doctor of a tribe who knows everything. He is a civil servant. I think the ideal way of living is to live like the vast majority of people whom we attempt to serve and represent,” he once told Al Jazeera.

As for addictions, the only one Mujica says matters is “love.”

He added, ‘Human beings have a bit of fetishism; we need certain material symbols,” and added that he still keeps his father’s old hammer and shovel: “They are little things to the world, but are worth a lot to you.'”  Read the rest of this entry »

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The Weekend: US Debt

US Government debt has passed $17,852,000,000,000 and is piling on at a frantic pace…

One Hundred Dollar Bill

One Hundred Dollar Bill

US $17 Trillion Debt

US $17 Trillion Debt

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Weekend Shock: Most Expensive Education

Overall cost:
Australia is the Winner

Cost of Living:
Singapore
tops

When it comes to education, Australia is the most expensive destination for international students, a global HSBC report has found. Surveying more than 4,500 parents in 15 countries, the research found an Australian education is more expensive than in the US and the UK. The cost of living is the highest in Singapore.

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Weekend Shock: Most Expensive House

Most expensive house in the world ($113.84 million)

USD$262,909 per sq m

High rise: At $262,909 per square metre the penthouse in Hong Kong's Twelve Peaks development could become the world's priciest home. Photo: Twelve Peaks.

High rise: At $262,909 per square metre the penthouse in Hong Kong’s Twelve Peaks development could become the world’s priciest home. Photo: Twelve Peaks.

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