[air_ogi]

How is this worse than what we have in US?

If you go to emergency room in San Diego, you will wait 4 hours easily.

On top of that, if you don’t have insurance, you will get a $1000+ bill. Even if you have insurance, you are going to get a smaller bill.

[air_ogi]

How is this worse than what we have in US?

If you go to emergency room in San Diego, you will wait 4 hours easily.

On top of that, if you don’t have insurance, you will get a $1000+ bill. Even if you have insurance, you are going to get a smaller bill.

[air_ogi]

How is this worse than what we have in US?

If you go to emergency room in San Diego, you will wait 4 hours easily.

On top of that, if you don’t have insurance, you will get a $1000+ bill. Even if you have insurance, you are going to get a smaller bill.

[air_ogi]

How is this worse than what we have in US?

If you go to emergency room in San Diego, you will wait 4 hours easily.

On top of that, if you don’t have insurance, you will get a $1000+ bill. Even if you have insurance, you are going to get a smaller bill.

[air_ogi]

How is this worse than what we have in US?

If you go to emergency room in San Diego, you will wait 4 hours easily.

On top of that, if you don’t have insurance, you will get a $1000+ bill. Even if you have insurance, you are going to get a smaller bill.

[air_ogi]

The bailout is not actually $180B.
http://www.propublica.org/ion/bailout/item/how-big-is-aigs-bailout-really-707

All gov investment is senior to common stock, so the $1B market cap assumes value of AIG after the government has been paid back.

Now, who the suckers are who believe that AIG common is worth anything, that is a completely different story. But it is not like US gov turned $180B into portion of $1B.

[air_ogi]

The bailout is not actually $180B.
http://www.propublica.org/ion/bailout/item/how-big-is-aigs-bailout-really-707

All gov investment is senior to common stock, so the $1B market cap assumes value of AIG after the government has been paid back.

Now, who the suckers are who believe that AIG common is worth anything, that is a completely different story. But it is not like US gov turned $180B into portion of $1B.

[air_ogi]

The bailout is not actually $180B.
http://www.propublica.org/ion/bailout/item/how-big-is-aigs-bailout-really-707

All gov investment is senior to common stock, so the $1B market cap assumes value of AIG after the government has been paid back.

Now, who the suckers are who believe that AIG common is worth anything, that is a completely different story. But it is not like US gov turned $180B into portion of $1B.

[air_ogi]

The bailout is not actually $180B.
http://www.propublica.org/ion/bailout/item/how-big-is-aigs-bailout-really-707

All gov investment is senior to common stock, so the $1B market cap assumes value of AIG after the government has been paid back.

Now, who the suckers are who believe that AIG common is worth anything, that is a completely different story. But it is not like US gov turned $180B into portion of $1B.

[air_ogi]

The bailout is not actually $180B.
http://www.propublica.org/ion/bailout/item/how-big-is-aigs-bailout-really-707

All gov investment is senior to common stock, so the $1B market cap assumes value of AIG after the government has been paid back.

Now, who the suckers are who believe that AIG common is worth anything, that is a completely different story. But it is not like US gov turned $180B into portion of $1B.

[air_ogi]

[quote=Arraya]
Actually world wide food riots started when fertilizer hit that number last summer. Several hundred million more were put into the starvation category. Which was more driven by oil costs because it is a flow through to all commodities. Though, phosphates are becoming an issue as well.
[/quote]

I wanted to clear something I said first. Prices of fertilizer, did not go from 200 to 300, but rather increased in prices by between 200 and 300. For example, potash went from $280 to $651.

$100 increase in price of potash has impact of $0.03 per bushel of corn. Prices of corn increased by $4 by mid 2008. Out of that, potash price was responsible by 11c increase or less than 3%. If you want to see where all the profit went, just take a look at ADM’s earnings.

$60 increase in fertilizer prices, which will not happen, would have about $0.02 impact on prices of corn, or about 0.5%.

[air_ogi]

[quote=Arraya]
Actually world wide food riots started when fertilizer hit that number last summer. Several hundred million more were put into the starvation category. Which was more driven by oil costs because it is a flow through to all commodities. Though, phosphates are becoming an issue as well.
[/quote]

I wanted to clear something I said first. Prices of fertilizer, did not go from 200 to 300, but rather increased in prices by between 200 and 300. For example, potash went from $280 to $651.

$100 increase in price of potash has impact of $0.03 per bushel of corn. Prices of corn increased by $4 by mid 2008. Out of that, potash price was responsible by 11c increase or less than 3%. If you want to see where all the profit went, just take a look at ADM’s earnings.

$60 increase in fertilizer prices, which will not happen, would have about $0.02 impact on prices of corn, or about 0.5%.

[air_ogi]

[quote=Arraya]
Actually world wide food riots started when fertilizer hit that number last summer. Several hundred million more were put into the starvation category. Which was more driven by oil costs because it is a flow through to all commodities. Though, phosphates are becoming an issue as well.
[/quote]

I wanted to clear something I said first. Prices of fertilizer, did not go from 200 to 300, but rather increased in prices by between 200 and 300. For example, potash went from $280 to $651.

$100 increase in price of potash has impact of $0.03 per bushel of corn. Prices of corn increased by $4 by mid 2008. Out of that, potash price was responsible by 11c increase or less than 3%. If you want to see where all the profit went, just take a look at ADM’s earnings.

$60 increase in fertilizer prices, which will not happen, would have about $0.02 impact on prices of corn, or about 0.5%.

[air_ogi]

[quote=Arraya]
Actually world wide food riots started when fertilizer hit that number last summer. Several hundred million more were put into the starvation category. Which was more driven by oil costs because it is a flow through to all commodities. Though, phosphates are becoming an issue as well.
[/quote]

I wanted to clear something I said first. Prices of fertilizer, did not go from 200 to 300, but rather increased in prices by between 200 and 300. For example, potash went from $280 to $651.

$100 increase in price of potash has impact of $0.03 per bushel of corn. Prices of corn increased by $4 by mid 2008. Out of that, potash price was responsible by 11c increase or less than 3%. If you want to see where all the profit went, just take a look at ADM’s earnings.

$60 increase in fertilizer prices, which will not happen, would have about $0.02 impact on prices of corn, or about 0.5%.

[air_ogi]

[quote=Arraya]
Actually world wide food riots started when fertilizer hit that number last summer. Several hundred million more were put into the starvation category. Which was more driven by oil costs because it is a flow through to all commodities. Though, phosphates are becoming an issue as well.
[/quote]

I wanted to clear something I said first. Prices of fertilizer, did not go from 200 to 300, but rather increased in prices by between 200 and 300. For example, potash went from $280 to $651.

$100 increase in price of potash has impact of $0.03 per bushel of corn. Prices of corn increased by $4 by mid 2008. Out of that, potash price was responsible by 11c increase or less than 3%. If you want to see where all the profit went, just take a look at ADM’s earnings.

$60 increase in fertilizer prices, which will not happen, would have about $0.02 impact on prices of corn, or about 0.5%.

[Author]

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