MangoZeen

Thai land ownership laws deny foreigners from owning property in perpetuity. Farangs found ways around this ban by owning leasehold contracts for the land in 30-year periods with the right to renew for another 30 years. This loophole has appeared in jeopardy since the coup tightened the FBA or Foreign Business Act. No one wants […]

I worked as a diamond salesman for 13 years on West 47th Street in Manhattan. Our company, MANNY WINICK AND SON (it used to be SONS until the first son Chet had a psycho meltdown. My friend Richie Boy became SON) specialized in diamonds, however we sold anything; watches, chains, pearls, rubies, emeralds, and sapphires. […]

Living overseas I earn dollars and convert them into baht. My concern for the US dollar started several years back. CP Snow, Secretary of the Treasury, had been devaluating the currency to create the illusion of a booming stock market.

Foreign investors flooded Wall Street with their off-shore dollars. Stocks skyrocketed to new heights, however the […]

NOT THE NATION continues to scathe the stratosphere of Thai Life with its entertaining bizarro version of the now-defunct THE NATION’s new offering XPRESS. This is a fake story, but maybe Thais and farangs will believe the hoax easier than the manufactured truth.
http://www.notthenation.com/pages/news/getnews.php?id=457
BANGKOK – In a move that is being hailed by the business community […]

The meltdown in the US subprime real-estate market has led to a global loss of 7.7 trillion dollars in stock-market value since October, a report by Bank of America showed Thursday.

The crisis, which has spread beyond US shores to banks and other sectors worldwide, is “one of the most vicious in financial history,” according to […]

Surprise surprise. Ocean One received the green light for the tallest residential building in the world. Construction is scheduled for March 30. I drove by the Jomtien site yesterday and workers were busy erecting temporary barracks. Approval was given after the Pattaya City Council accepted the project’s environmental study.

Set over 200 meters from the beach […]

Life was so good with the dollar pegged at 40 baht. Not anymore. The almighty greenback this week dropped into the 32 range.
The overall 20% devaluation means less beer and financial analysts are not confidant about the dollar’s health, especially when GW Bush released a $3 trillion budget and said wants to cut taxes. The US president was […]

The Ocean 1 Tower plot this morning was extremely inactive. No one on site. No digging. No work. The mega-project seems to be on hold in response to the current economical climate i.e. gloom. No more smiling faces on realtors and developers. Life has become a struggle in 2008.

“There was no high season this year.” One sales […]

Yesterday the Asian stock markets responded to President Bush’s tepid salvation plan for the US economy with a feverish sell-off of exposed positions. The malaise later spread to the London exchange, which suffered the largest drop in value since 9/11. The Dow Jones escaped the plunge thanks to a bank holiday for Martin Luther King, but Asian investors […]

Citibank announced  $10 billion loss due to loaning deadbeats the money to buy house to give America the feeling that they aren’t merely wage slaves for Wal-Mart. This push for private ownership was crusaded by the then-super popular GW Bush. “Everyone should own a piece of the pie.”

Not anymore, for the USA is bankrupt judging […]