Interesting stuff. I was hoping you'd find me a list of all the Navy's ships with commission date and decommission date, and then do the averaging for me. ;);) kidding. I sort of looked around a little and didn't find that list, but maybe later when I have more time. I'm sure 40-50 years is commonplace and I wonder what the max has been so far.
"The truth is that most of my BG friends in BG are better off than most of my BG friends in the US."
Well of course they are. If your BG friends in BG are doing very well, then they have no reason to leave. The ones who came to the US came here because they thought they could do better in the US than they would in BG. Given that there are some people who are more successful than other people in any country at any time, we cannot conclude that your BG friends who are in the US are worse off than they would be if they'd stayed in BG.
Undoubtedly the resources (skills, money, connections, drive, etc.) differ between the two groups.
None of this is said in sarcasm, criticism, or any other negative ism. It's just that there's no conclusion to draw from what you said. Best of luck to both groups.
FIGMENT mentions scrap metal. That makes me wonder if you know what the average life of one of those ships is. I'll bet they last almost forever with good maintenance, and that even the oldest ones have been retrofitted with some pretty fancy technology inside. I've toured a few of them over the years, but I'd really like to tour the "factory."
Yes, indeed, US farming has undergone much consolidation in recent decades. However, the difference is that it is driven by market forces, not by a single Real Estate Investment Trust using words like "MUST" and "FORCE."
In the US, and probably Europe, there are many many big investors in farm land and lots of tenant farmers with generous arrangements. Key words being many and lots, to keep the little guy from being taken advantage of.
I've been reading about this lately and the differences between Bulgaria's farming and that of the rest of Europe or the US are stunning. Average farm size in the US is something like 180 hectares, while in Bulgaria it is <2 hectares!! EU farms average around 20. To invest in any equipment at all would be impossible with 2 ha output, let alone anything mechanized or modern.
The matter of consolidation, whether it be ownership or simply operations and distribution, is a necessity in order for farming to be practical in Bulgaria at all, even for its own subsistence, let alone for any chance of exporting produce. It doesn't need to be at the hands of this single firm, though. (Even the firm's website doesn't mention any expertise in farm management... just land purchases...)
I found this to be interesting. "Currently, the average energy use in Bulgaria is by 6,9% higher than the average use in the European Union (EU)." Is it truly because buildings in BG are poorly insulated? I would have thought that households in the rest of the EU used more energy than BG. What's a winter month of electricity and gas use cost in BG? Who's going to pay for all that insulation?
BBB and BBB- are still investment grade. BB is speculative. Nobody likes a downgrade, but it's important to keep perspective.
BBB (Investment Grade)
Good credit quality. 'BBB' ratings indicate that there are currently expectations of low credit risk. The capacity for payment of financial commitments is considered adequate but adverse changes in circumstances and economic conditions are more likely to impair this capacity. This is the lowest investment grade category.
Speculative. 'BB' ratings indicate that there is a possibility of credit risk developing, particularly as the result of adverse economic change over time; however, business or financial alternatives may be available to allow financial commitments to be met. Securities rated in this category are not investment grade.
"Elect a frog if you like, just stop shoving it in our faces, and we will get along better."
I wish even Novinite would stop shoving it in our faces like every other media outlet does. Notice that the biggest picture on SNA right now is of the White House. I'd rather have the News of the Hour be something about Bulgaria. ANYTHING about Bulgaria. US news shouldn't be the top feature here unless there is a specific Bulgarian angle.
Anyway, an article leads to a comment, which leads to another comment, leading to a few long copy/pastes... before you know it every thread is dominated by it.
oops- ARE doing well.
50% more Chinese Tourists in Bulgaria
Potentially Defective Aluminum was used by All Car Manufacturers in Japan