Monthly Archives: June 2008

Thai Mortgage Breakthrough for Farangs

June 12, 2008 – 11:05 am

Bangkok Bank has reversed a long-standing policy against granting foreigners or farangs mortgage loans for property investment in hopes of jumpstarting Bangkok’s moribund real estate market, thus falling into line with neighboring nations banking practices for foreigners. Mortgage loans toward the purchase of a condominium will have a limit of borrowing up to 25 Million Baht based on 70% […]

By Peter | Posted in real estate, Thailand | Comments (0)

Baht Ups and Downs

June 12, 2008 – 7:42 am

Two years ago the baht was at 40. Beer was cheap for foreigners. Hotels too, then the dollar and pound slipped against both the baht and Euro, until the baht threatened to seek shelter under 30 baht to the dollar, however the current infaltionary cycle of almost 8% has eroded the baht’s strength against the […]

By Peter | Posted in economy, Thailand | Comments (0)

Obama versus McCain

June 12, 2008 – 7:31 am

McCain has his work cut out for him. New polls reveal Obama ahead of Sen. McCain by 47% to 41%, doubling April’s point spread, although when voters were asked whcih party they wanted in the White House, the distance was a staggering 51% to 35%. The only way the GOP can remain at 1600 Penn Avenue […]

By Peter | Posted in america, politics, War | Comments (0)

Troops Return from Iraq Unimportant

June 12, 2008 – 7:20 am

Senator McCain appeared on TV yesterday and said that the return date for the troops in Iraq were unimportant. Leading Democrats lambasted this statement as revealing the Airizonan’s lack of concern for the troops, however McCain’s words on NBC’s TODAY were taken slightly out of context. Matt Lauer on the surge strategy in Iraq: “If it’s […]

By Peter | Posted in america, War | Comments (0)

Awh-Reevoah To GW BUSH

June 11, 2008 – 9:17 am

The president has departed America for his final tour of Europe. First stop Germany to discuss Iran with Madame Merkel. No protests are scheduled for the out-going leader. Even demonstrators have tired of his face and GW Bush complained to the Media that he has been mislabeled a war-monger. “Hey, I’m a lover not a […]

By Peter | Posted in america, War | Comments (0)