Thursday, January 20, 2011

POSCO

POSCO USD 12bn plant in India being blocked by India's environmental ministry.
It will be the biggest FDI in India if it is successful.
India despite having a poor record on environment, block a potentially good FDI bcos of politics.
At the same time hurting the development of the country.

Tuesday, January 18, 2011

Taxi booking

24mn taxi booking in 2010
913,000 trips made per day
7% of all trips are taxi booking

But we all know taxi booking is a stupid system
Forces the passenger to book and pay up

25,000 taxis in Singapore
Each taxi on average make 37 trips per day

Say average trip is $10
Each taxi makes $370
Each driver makes $185
Petrol and rental $65
ie driver makes $120 per day
or $3,600 per month

Thursday, January 13, 2011

US Debt

Interest payment to federal revenue
2010 8.6%
2020 17.6%
All else equal

Rating
2020 A
2025 BBB
2035 Junk