Tourism

Jim Rogers: ‘I Am Looking For More Investments In Asia And In Russia’

Regular readers of Survival And Prosperity know that well-known investor, author, and financial commentator Jim Rogers is bullish on Asia (China in particular) and Russia. As recent as April 6, I blogged about a GoldSeek.com Radio interview (released April 1) in which the former investing partner of George Soros said:

I own Chinese renminbi. I own Chinese shares… I bought recently some Russian government short-term bonds in rubles.

He added later:

There are other places I’m looking at but I’m really not very active at all. I’m mainly just watching the world unfold. Be knowledgeable, be worried, and be prepared.

That last sentence is indicative of a lot of what Rogers has been sharing with the investing public lately.

Still, it’s being reported that the CEO of Rogers Holdings and Beeland Interests, Inc. is actively looking for places to put his substantial “war chest” ($300 million estimated net worth) to work. Katya Golubkova wrote on the Reuters website last Tuesday:

Veteran U.S. investor Jim Rogers is looking at possible investments into Russian oil firm Bashneft (BANE.MM) and diamond miner Alrosa (ALRS.MM) as he aims to add more Russian assets to his portfolio, he told Reuters…

“If they (Bashneft and Alrosa) are not under sanctions, I will take a look – as I said, I am looking for more investments in Asia and in Russia but I am an American and I have to be a little bit careful.”

(Editor’s note: Bold added for emphasis)

Golubkova added:

He already has interests in Russian state airline Aeroflot (AFLT.MM), the Moscow Exchange (MOEX.MM) and fertilizer producer PhosAgro (PHOR.MM). He owns some exchange traded funds (ETFs) and is investing in Russian treasury bonds.

“I am looking for more investments in Russia. I am trying to buy into a Russian tourist company, I am optimistic about Russian tourism,” Rogers said, adding that he was also looking to buy more stocks of Russian agriculture companies

(Editor’s note: Bold added for emphasis)

A little over a year ago, I discussed an April 6, 2015, Reuters piece in which Yelena Orekhova and Olga Popova wrote:

Russia could now be “the right place at the right time” for investors, he said. His own portfolio consists largely of Russian shares, he said, among them fertiliser company Phosagro , airline Aeroflot and the Moscow Exchange…

About those “Russian government short-term bonds in rubles” mentioned a week-and-a-half ago, Rogers expounded in the April 12, 2016, Reuters article:

“If I got a chance I would probably buy more,” Rogers said, adding that he was only investing in Russian rouble bonds, not Eurobonds.

“I want to buy rouble bonds, I am more optimistic about rouble bonds than I am in Eurobonds. Rouble bonds have much higher yields.”

(Editor’s note: Bold added for emphasis)

Nice work by Reuters for staying on top of Rogers’ (potential) Russian investments.

Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

(Editor’s notes: Info added to “Crash Prophets” page; a qualified professional should be consulted prior to making a financial decision based on material found in this weblog. If this recommended course of action is not pursued, then it must be understood that the decision is the reader’s and the reader’s alone. The creator/Editor of this blog is not responsible for any personal liability, loss, or risk incurred as a consequence of the use and application, either directly or indirectly, of any information contained herein.)

Source:

Goubkova, Katya. “Veteran U.S. investor Rogers looks to add more Russia to portfolio.” Reuters. 12 Apr. 2016. (http://www.reuters.com/article/us-russia-rogers-idUSKCN0X90SC). 17 Apr. 2016.

Jim Rogers’ latest book…

Share

Tags: , , , , , , , , , , , , , , , , , , , , ,

Monday, April 18th, 2016 Agriculture, Asia, Bonds, Commodities, Crash Prophets, Currencies, Emerging Markets, Energy, Europe, Exchange-Traded Funds, Gemstones, Investing, Natural Resources, Stocks, Tourism Comments Off on Jim Rogers: ‘I Am Looking For More Investments In Asia And In Russia’

SP Intel Report- October 26, 2015

Welcome to the inaugural post of the “SP Intel Report.” On October 15 I blogged big changes were coming to Survival And Prosperity starting October 19. I wrote:

Each day will begin with an “SP Intel Report” (if it’s warranted), where I’ll be focusing on current events locally (Chicagoland area), nationwide, and overseas which I think readers should be aware of…

As luck would have it, my computer crashed October 19, delaying the implementation of these changes.

One week later, I’ve managed to repair my laptop, and I’m back in the saddle again.

So off we go then…

Chicago

“If City Hall ‘loses’ downtown to the bad guys… you lose the tourists, their money, revenue… you get the point.”

Survival And Prosperity, May 4, 2011

The Chicago news media is reporting that two tourists from Minneapolis were robbed at knifepoint by three men near Oak Street Beach late Saturday evening. The male victim was stabbed during the holdup while trying to protect his girlfriend. Two of Chicago’s more upstanding residents have been charged with the crime (police are still looking for a third individual).

The last time I blogged about a tourist getting knifed downtown was back during the 2012 holiday season. Even though it’s been a while, I fear we’ll be hearing of similar incidents with increased regularity as the city’s financial health deteriorates and the Chicago Police Department keeps receiving lip service but not bodies (meaning manpower).

There will probably be plenty of the other based on recent trends.

Note to self. Study up on defense against knives.

Illinois

Speaking of deteriorating financial health, the State of Illinois was hammered by two of the major credit rating agencies in the past week. On October 19, Fitch Ratings announced in a press release:

Fitch Ratings has downgraded the rating on $26.8 billion in outstanding Illinois general obligation (GO) bonds to ‘BBB+’ from ‘A-‘.

In addition, the ratings on bonds related to the state based on its appropriation have been downgraded to ‘BBB’ from ‘BBB+’…

(Editor’s note: Bold added for emphasis)

Three days later, Moody’s Investors Service stated in a release:

Moody’s Investors Service has downgraded the State of Illinois’ $26.8 billion of general obligation bonds to Baa1 from A3, while also lowering ratings on the state’s sales-tax (Build Illinois) bonds to Baa1 from A3, and on the state’s subject to appropriation bonds (issued by the Metropolitan Pier and Exposition Authority and for the state’s Civic Center program) to Baa2 from Baa1. The outlook for all of these obligations remains negative…

(Editor’s note: Bold added for emphasis)

Keep in mind the following observations by Karen Pierog over on the Reuters website on October 22:

Both general obligation bond ratings are now just three steps above the “junk” level… The downgrade by Moody’s marked the 17th by major credit rating agencies for Illinois since 2003… Even before this week’s downgrades, Illinois had the lowest credit ratings among the 50 U.S. states. Ratings histories from the three major credit rating agencies indicate few states have ever had their GO ratings fall below the A level…

Faced with a $105 billion unfunded public pension liability and a bill backlog of around $7 billion, I suspect Illinoisans will be on the hook for some sort of tax hike(s) in the near future.

International

Any Survival And Prosperity readers skeptical about the future existence of the Internet? Personally, I won’t be surprised if it goes kaput one day. Don’t get me wrong, I’m somewhat of a techie (driven by needs, not wants) and love the Internet. But I’m not sold on its staying power due to frailties with its infrastructure. A couple of years ago I remember reading about an elderly Georgian woman accidently cutting off neighboring Armenia’s access to the World Wide Web for up to five hours- using only a spade. And now there’s this from The New York Times website this past Sunday. David E. Sanger and Eric Schmitt reported:

Russian submarines and spy ships are aggressively operating near the vital undersea cables that carry almost all global Internet communications, raising concerns among some American military and intelligence officials that the Russians might be planning to attack those lines in times of tension or conflict.

The issue goes beyond old worries during the Cold War that the Russians would tap into the cables — a task American intelligence agencies also mastered decades ago. The alarm today is deeper: The ultimate Russian hack on the United States could involve severing the fiber-optic cables at some of their hardest-to-access locations to halt the instant communications on which the West’s governments, economies and citizens have grown dependent

(Editor’s note: Bold added for emphasis)

So the Russians could switch off the Internet. Or a rogue Uncle Sam could do it and blame the Russkies.

I told my girlfriend her brilliant nephew should get into the BBS game. Wave of the future?


“Apple II on a BBS in 2014!”
YouTube Video

Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

Sources:

Sobol, Rosemary Regina. “$500K, $950K bails set for 2 accused of robbery, stabbing near Oak Street Beach.” Chicago Tribune. 26 Oct. 2015. (http://www.chicagotribune.com/news/local/breaking/ct-police-2-held-following-armed-robbery-stabbing-near-oak-street-beach-20151026-story.html). 26 Oct. 2015.

Pierog, Karen. “UPDATE 2-Illinois bond rating cut again over budget impasse.” Reuters. 22 Oct. 2015. (http://www.reuters.com/article/2015/10/22/illinois-downgrade-moodys-idUSL1N12M2L120151022). 26 Oct. 2015.

Sanger, David E. and Schmitt, Eric. “Russian Ships Near Data Cables Are Too Close for U.S. Comfort.” The New York Times. 25 Oct. 2015. (http://www.nytimes.com/2015/10/26/world/europe/russian-presence-near-undersea-cables-concerns-us.html?_r=1). 26 Oct. 2015.

Share

Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Monday, October 26th, 2015 Bonds, Communications, Credit, Crime, Debt Crisis, Entitlements, Europe, Foreign Policy, Government, Knives, Public Safety, Self-Defense, SP Intel Report, Taxes, Technology, Tourism, War Comments Off on SP Intel Report- October 26, 2015

Jim Rogers Identifies China’s Six Most Promising Industries

Today on Survival And Prosperity I’m going to be focusing on investment matters. First up is investor, author, and financial commentator Jim Rogers. He recently spoke at an asset management forum in Shanghai and talked about investment opportunities/activities in China. PEdaily.cn reported the following about the former investing partner of George Soros on September 21 (via a Google Chrome translation):

• Rogers is still bullish on China’s long-term prospects despite their recent stock market woes. I noted this back on September 9.

• He identified China’s six most promising industries are agriculture followed by tourism, “environmental protection industry, the financial industry, the pharmaceutical industry and the railway industry”

• The Singapore-based investor bought shares in the Chinese tourism sector around three weeks ago

On that second bullet point, back in November 2013 China announced economic and social reforms from which Rogers took away the following. I blogged on November 26, 2013:

Earlier today, Rogers appeared on CNBC-TV18 and told viewers:

Well, I’m excited by what happened. As the Chinese had an exciting announcement in 1978 and in 1993, they say this announcement is to be as significant and as exciting as what happened previously in those two years. So far what I have seen that’s correct- some sectors of the Chinese economy are going to benefit enormously. And as you all know if you can find a government that is going to spend a lot of money or give a lot of incentives to a sector, you should put your money into that sector too. So the Chinese are clear that they are going to do something about railroads, about healthcare, agriculture, pollution. They have made it pretty clear they are going to do something, so I would suggest that people read what they said and then try to find some stocks in those areas…

Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

(Editor’s notes: Info added to “Crash Prophets” page; I am not responsible for any personal liability, loss, or risk incurred as a consequence of the use and application, either directly or indirectly, of any information presented herein)

Source:

“Wall Street predators Rogers: promising Chinese economy is continuing to buy Chinese stocks.” PEdaily.cn. 21 Sep. 2015. (http://www.profitconfidential.com/chinese-economy/jim-rogers-why-the-investor-is-bullish-on-china/). 29 Sep. 2015.

Share

Tags: , , , , , , , ,

Tuesday, September 29th, 2015 Agriculture, Asia, Crash Prophets, Environment, Government, Health, Investing, Tourism, Transportation Comments Off on Jim Rogers Identifies China’s Six Most Promising Industries

Jim Rogers Bullish On Chinese Stocks Despite Recent Sell-Off

Investor, author, and financial commentator Jim Rogers has been bullish on China for a number of years now. And despite the Shanghai composite index falling 37 percent since the sell-off that began in June, the former investing partner of George Soros in the legendary Quantum Fund is still fond of the Asian economic giant. From the website of international multimedia news service Sputnik International Monday:

The Chinese economy has a great potential for development and will surely recover from the recent downturn, prominent US investor Jim Rogers said in an interview with the Japanese newspaper Nikkei…

China has a great scope for growth, especially in logistics, tourism and the agricultural industry, the investor said.

He explained that his outlook is based on long-term perspectives which are often ignored by others. Now, it is high time to buy Chinese shares, not to sell, he believes

(Editor’s note: Bold added for emphasis)

Not only does the Singapore-based investor talk the talk, but he walks the walk. On September 3, an article on the Asia Times (Hong Kong) website mentioned the following concerning Jim Rogers’ well-publicized sale of Indian stocks:

After exiting India, Rogers bought Chinese shares during the two-three days when its market collapsed

(Editor’s note: Bold added for emphasis)

According to that Sputnik piece, Rogers is planning to visit China and Russia “to assess the investment climate for his upcoming projects.”

Stay tuned all your Rogers followers…

Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

(Editor’s notes: Info added to “Crash Prophets” page; I am not responsible for any personal liability, loss, or risk incurred as a consequence of the use and application, either directly or indirectly, of any information presented herein)

Sources:

“Prominent Investor Places His Bets On Russia, China.” Sputnik International. 7 Sep. 2015. (http://sputniknews.com/business/20150907/1026677754/jim-rogers-invest-to-china-russia.html). 9 Sep. 2015.

“Investor Jim Rogers takes too hard view on India.” Asia Times. 3 Sep. 2015. (http://atimes.com/2015/09/investor-jim-rogers-takes-too-hard-view-on-india/). 9 Sep. 2015.

Share

Tags: , , ,

Wednesday, September 9th, 2015 Agriculture, Asia, Crash Prophets, Emerging Markets, Europe, Investing, Stocks, Tourism Comments Off on Jim Rogers Bullish On Chinese Stocks Despite Recent Sell-Off

Downtown Chicago Diners Could See 11.25 Percent Sales Tax In 2016

Back on July 16, I noted the total sales tax rate in Chicago and the rest of Cook County looks to rise to 10.25 percent again in the coming year, making it one of the highest rates in the nation.

But diners of certain downtown Chicago eateries could be hit by an even higher sales tax rate. Pointing out an additional sales tax (“McPier tax”) downtown that tacks on an additional 1 percent to food/beverage bills, Lauren Choolijian reported on the WBEZ 91.5 website yesterday:

For restaurant patrons that dine south of Diversey Parkway, north of the Stevenson Expressway, east of Ashland Avenue and west of Lake Michigan, the Cook County proposal means an 11.25 percent sales tax will be added to their tab in 2016. The McPier tax affects all food and beverage purchases prepared for “immediate consumption,” and that includes soft drinks and alcoholic beverages…

(Editor’s note: Bold added for emphasis)

Actual and proposed fee, fine, and tax increases are making the headlines quite often these days in the Chicago area. If my suspicions prove correct (these hikes are just the first of many due to steadily eroding financial conditions), Chicagoland residents, workers, and prospective visitors will increasingly seek alternatives (for example, dining out closer to home as it concerns the above), local government revenue collection will plummet, and public services will continue to be scaled back.

Anyway, check out Choolijian’s piece on the WBEZ site here for the full details of the 11.25 percent sales tax hit.

Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

Share

Tags: , , , , , , , , , , , , , ,

Wednesday, July 22nd, 2015 Fiscal Policy, Government, Taxes, Tourism Comments Off on Downtown Chicago Diners Could See 11.25 Percent Sales Tax In 2016

Jihadists Conducting Recon Of British Parliament?

Something tells me our friends in Western Europe might suffer a major terrorist attack before a strike against the United States. Sunday morning I was reading the “Travel” section of my Chicago Tribune when I spotted the following under “World watch”:

United Kingdom: Authorities warned of potential terrorist threats against the Houses of Parliament in London, prompting calls to close the Palace of Westminster to the public. The ISIS-related threat was announced after British intelligence learned of suspected jihadists visiting Parliament for tours in recent weeks. The Palace of Westminster, where the House of Lords and House of Commons meet, is Britain’s most iconic structure, with the attached tower and Big Ben clock being the nation’s most recognizable symbol. Military police are refreshing their training to prevent a terrorist attack, and tourists should follow local media for updates when planning to visit Parliament…

(Editor’s note: Bold added for emphasis)

“Kids. Big Ben. Parliament. Allahu Akbar!


“European Vacation- Roundabout”
YouTube Video

By Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

Source:

Burlison, Dani and Habegger, Larry. “World watch: Threats may leave London travelers outside Parliament.” Chicago Tribune. 29 Oct. 2014. (http://www.chicagotribune.com/lifestyles/travel/ct-trav-1102-world-watch-20141029-story.html). 4 Nov. 2014.

Share

Tags: , , , , , , , , , , , , , , , ,

Tuesday, November 4th, 2014 Europe, Foreign Policy, Government, Middle East, Military, Public Safety, Religion, Terrorism, Tourism, Travel, War Comments Off on Jihadists Conducting Recon Of British Parliament?

Chicago-Area Firefighters Survive Hurricane Odile, Escape SHTF Aftermath

“What we went through this weekend, the way we had to get ourselves out, the looting, the vandalism- it was like something right out of a movie.”

-Jim Kotrba, Hoffman Estates Fire Department, in a September 18, 2014, Chicago Tribune article

October 2005. I was in my office at a fire department in the northwest suburbs of Chicago when a firefighter/paramedic by the name of “Mark” stopped by. He had just returned from his honeymoon in Cancún, Mexico- early. The well-known resort had just been pummeled by Hurricane Wilma. “Mark” and his new wife paid attention to the growing number of warnings about the incoming maelstrom, and decided to pack up and leave the popular tourist destination two (?) days before it struck. I remember him saying the airport was pretty much a ghost town despite the ominous weather forecasts. In case readers don’t remember Wilma, here’s what the couple missed. From The Independent (UK) website on October 23, 2005:

Hurricane Wilma pounded the beach resorts and fishing villages of Mexico’s Yucatan peninsula yesterday, whipping up 120mph winds and creating a 10ft storm surge that sent sea water racing through the lower floors of some of Cancun’s most luxurious beachfront hotels…

Cancun’s beachfront hotel district, constructed on a narrow peninsula, was completely evacuated yesterday. But in the city itself, only a small number of residents and tourists – 50,000 or so out of a local population of 700,000 – left on buses before the storm arrived. The others, including an estimated 30,000 foreign visitors, huddled in shelters and downtown hotels, where food and drink was due to run out yesterday.

With electricity cut off in advance as a safety precaution, the shelters – mostly in schools, hotels and gymnasiums – were hot, sweaty and crowded. Scott Stout, an American spending part of his honeymoon on an indoor basketball court in Cancun beneath a leaky roof, told the Associated Press: “After one more day of this, I believe people will start getting cranky.”

Weather experts in Mexico and the US said that Wilma’s unexpectedly long sojourn over the Yucatan meant that in effect local people were undergoing several hurricanes, one after another…

Fast forward to 2014. And the last several days in particular. More members of the fire service from that neck of the woods went to Mexico for a wedding-related event, and also ended up the victims of bad timing. Unlike “Mark” however, these firefighters didn’t make it out of town before a different hurricane struck. Becky Schlikerman reported on the Chicago Sun-Times website on September 17:

A group of 16 northwest suburban firefighters are stuck in Mexico after a hurricane ravaged the resort area of Cabo San Lucas.

The group had traveled to a beautiful oceanfront resort for the destination wedding of longtime Hoffman Estates firefighter Tom Mangiameli. About 50 friends and relatives traveled abroad, according to Mangiameli’s sister-in-law, Sharen Mangiameli.

The wedding was to be Saturday, relatives said. On Sunday, Hurricane Odile made landfall as a monster Category 3 storm.

Since then, electrical and water services have been out.

Tom Mangiameli and his group are still at the Hotel Riu Palace Cabo San Lucas, said Sharen Mangiameli, 55, of Naperville.

“There’s no food, there’s no drinking water and there are looters coming into the hotel,” she said. “One of my nephews has been texting saying when they try to leave the hotel they’re being attacked by the locals who are looting.”

(Editor’s note: Bod added for emphasis)

Tourists and residents alike dealt with grave conditions in the aftermath of the hurricane. Pedro Juarez Mejia reported on the Agence France-Presse website on September 18:

Residents of Mexico’s Los Cabos resort armed themselves with guns and machetes in hurricane-battered neighborhoods to defend their homes from looters, as troops were deployed.

The government sent extra federal police and soldiers to the Baja California peninsula to counter widespread looting that erupted after Hurricane Odile tore down homes earlier this week…

Chaos took over this week as hundreds helped themselves to food, water, televisions and any goods they could grab in supermarkets and retail stores after Odile knocked out power and flattened homes.

But now residents fear their houses are next, amid reports of armed and masked gangs roaming neighborhoods.

Dressed in white and holding everything from bats to machetes, sticks and rocks, residents burned tires and wood…

Rodrigo Sanchez Villa, a lawyer for a hotel group, told local radio that masked gangs were pillaging shops, hotels and houses in Cabo San Lucas and San Jose del Cabo.

“The situation appears to be getting worse all the time. A lack of security is being added to the problem of shortages of food and water and the lack of local authorities,” he said…

(Editor’s note: Bod added for emphasis)

Sound like it’s been a nightmare down there over the past week or so. Thankfully, this group of Chicago-area firefighters eventually escaped the carnage in Cabo San Lucas. John Keilman wrote on September 18 on the Chicago Tribune website:

One person in the wedding party found a transportation company that was willing to send six buses to the resort to ferry the group to the airport, Kotrba said. The buses arrived before dawn Thursday and parked away from the resort, while the group sneaked out of the lobby to avoid attention.

“There were hundreds of people in the lobby,” Kotrba said. “If the buses had been seen, there would have been a riot.”

And upon their return to the U.S., the firefighters’ tale of survival was being shared. Becky Schlikerman and Tina Sfondeles reported on the Chicago Sun-Times website on September 18:

Sandwiches were handed out, then they ran out. Generators kicked in, then died because of lack of fuel and flooding.

“We were at the point where we made rope from a life preserver that was out by the pool and basketball nets and we started to build a little system to lift buckets of water from the waste buckets to flush toilets,” [Daniel] Pearson, 43, of Carpentersville, said from a Phoenix airport Thursday night.

“We had no cellphone service, food and water,” Pearson said. “We did whatever we could make do with. I have no dignity left. I took a bath in a fountain.”

Pearson is a former U.S. Marine. He spent nine months fighting in the Gulf War. And he has fought fires for 18 years. But he wasn’t ready for this.

I was in survival mode. I don’t think I was scared. It just got to the point where we had 48 people. What am I supposed to do? When we have to cut off our ironing boards to make weapons because nobody really cared about our safety?

(Editor’s notes: Bold added for emphasis. And I think that last line should have read “What am I supposed to do when we have to cut off our ironing boards to make weapons because nobody really cared about our safety?)

In addition to using iron boards to defend themselves, that Keilman piece noted the firefighters set up their own security system, with some men sleeping in the hallway outside their rooms and confronting anyone who walked through.

All this reminds me of something the English naturalist and geologist Charles Darwin once said about survival:

It is not the strongest of the species that survives, nor the most intelligent that survives. It is the one that is the most adaptable to change.

I’m grateful these firefighters and the rest of their party made it back to the United States safely. And I wish all the best to the newlyweds.

After learning about their harrowing experience, I’m thinking it’s probably not a bad idea for overseas travelers to bring/put together a small emergency kit if/when it makes sense, adding emergency supplies in the event of some looming threat.

By Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

Sources:

Gumbel, Andrew. “Hour after hour, Hurricane Wilma batters Cancun.” The Independent. 23 Oct. 2005. (http://www.independent.co.uk/news/world/americas/hour-after-hour-hurricane-wilma-batters-cancun-512143.html). 21 Sep. 2014.

Schlikerman, Becky, “16 suburban firefighters stranded in Mexico after hurricane.” Chicago Sun-Times. 17 Sep. 2014. (http://www.suntimes.com/29951882-761/16-suburban-firefighters-stranded-in-mexico-after-hurricane.html#.VB83fZV0zIV). 21 Sep. 2014.

Juarez Mejia, Pedro. “Residents grab guns to deter looters in Mexico resort.” Agence France-Presse. 18 Sep. 2014. (http://news.yahoo.com/residents-grab-guns-deter-looters-mexico-resort-230317288.html). 21 Sep. 2014.

Keilman, John. “16 firefighters returning from Mexico after being stranded by hurricane.” Chicago Tribune. 18 Sep. 2014. (http://www.chicagotribune.com/suburbs/schaumburg-hoffman-estates/chi-16-hoffman-estates-firefighters-stranded-at-mexican-resort-20140918-story.html). 21 Sep. 2014.

Schlikerman, Becky and Sfondeles, Tina. “Firefighter recounts harrowing aftermath of hurricane in Mexico.” Chicago Sun-Times. 18 Sep. 2014. (http://www.suntimes.com/news/29970010-418/firefighter-recounts-harrowing-aftermath-of-hurricane-in-mexico.html#.VBxvp5V0zIU]). 21 Sep. 2014.

Share

Tags: , , , , , , , , , , , , , , , , , , ,

Sunday, September 21st, 2014 Communications, Crime, Emergencies, Firearms, Food, Gear, Natural Disasters, North America, Preparedness, Sanitation, Security, Self-Defense, Tourism, Travel, Utilities, Water, Weather Comments Off on Chicago-Area Firefighters Survive Hurricane Odile, Escape SHTF Aftermath

Wildings Return To Downtown Chicago

I’ve been following and blogging about flash mobs/mob attacks/wildings in the downtown Chicago area since January 2011. And here are two things I’ve noticed:

1. The Chicago mainstream media generally seems to ignore these incidents.

2. The growing number of trolls on the comment area of the popular Chicago police blog Second City Cop keep asking for video evidence of the criminal activity.

Now I can’t speak for others, but if I find myself in a situation where feral kids are acting up nearby, I’ll be too busy watching after myself/loved ones to worry about shooting some stupid video.

Besides, I own a simple flip phone.

But getting back on track, after a long day my I turned on the 9 o’clock news on FOX 32 and caught a segment about the City of Chicago preparing for summertime wilding. In the piece, the Chicago Police Department acknowledged the wilding from last weekend that Second City Cop/commenters have been talking about (suck it, trolls). Craig Wall reported on the FOX 32 website tonight:

Summer has come to mean more than just scores of shoppers and visitors on Michigan Avenue. It now also brings plenty of extra police officers to discourage would be troublemakers.

Friday night police arrested one man for unknown reasons, but the bigger concern is the mobs of young people who have been terrorizing visitors on warm summer weekends, and giving this vital tourist destination a bad reputation for safety…

Last weekend police sources said there were problems in and around Michigan Avenue, a mob of young people overran the McDonalds at State and Chicago, stealing food orders from patrons and running out.

And in an unrelated incident, a woman who confronted a thug got her car window smashed out. Police hope a very visible police presence will discourage any problems and make visitors feel secure…

(Editor’s note: Bold added for emphasis)

FOX 32 News Chicago
“CPD Out In Full Force To Deter Crime, Violence”
FOX 32 Video

Planning to visit downtown Chicago soon? It’s still generally safe, I hear. Just be careful and aware of one’s surroundings at all time while in the area, particularly on nice weekend nights.

By Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

Source:

Wall, Craig. “CPD Out In Full Force To Deter Crime, Violence.” FOX 32. 6 Jun . 2014. (http://www.myfoxchicago.com/story/25716966/cpd-out-in-full-force-to-deter-crime-violence). 6 Jun. 2014.

Share

Tags: , , , , , , , , , , , , , ,

Friday, June 6th, 2014 Crime, Government, Mainstream Media, Public Safety, Self-Defense, Tourism Comments Off on Wildings Return To Downtown Chicago

Study: Chicago Worst U.S. City For Total Travel Tax Burden

“It’s no secret that the city of Chicago is looking anywhere for new revenue sources to plug its $63.2 billion shortfall in government-pension funding, health insurance and other debt.

But city leaders should be careful not to squeeze travelers too hard.”

-Hilary Gowins Yelvington, Editor at the Illinois Policy Institute, in a May 29, 2014, blog post on IllinoisPolicy.org

There’s no question Chicago is a favorite destination for business and pleasure travel.

However, the findings of a recently-released study of travel-related taxes for major U.S. cities makes me wonder how many prospective visitors are steering clear of the “Windy City” due to the high level of such expenses.

Shane Downey wrote on The Business of Travel– the official blog of the Alexandria, Virginia-based nonprofit Global Business Travel Association- back on April 15:

The GBTA Foundation – the education and research arm of GBTA – annually tracks the tax burden imposed on business travel throughout the country. The study examines hotel lodging, car rentals and restaurant meal taxes in the top 50 U.S. destination cities, which are regularly used to fund local projects unrelated to tourism and business travel…

In the travel tax study, the top 50 U.S. markets are ranked by overall travel tax burden, including general sales tax and discriminatory travel taxes…

And where did travelers incur the highest total tax burden, factoring in general sales taxes and discriminatory travel taxes?

From the FOX News website Tuesday:

1. Chicago- $41.04/day

• The Windy City could just as easily be called the Spendy City; it’s at the top of the GBTA study for the third year in a row. Travelers will dish out 16 percent ($16.85) per day in hotel tax, along with $14.16 for a rental car (its overall 24.82 percent rate, the highest in the ranking, includes a $2.75 flat tax). Another study put Chicago’s 10.75 percent downtown restaurant tax at the top of all major U.S. cities…

Over 41 bucks a day. Wow. And top of the GBTA study for three years in a row now. Not something the City of Chicago should be proud of.

A part of me says, “Reign in these taxes, and business travel and tourism would really be booming in Chicago.”

But only after violent crime and the “city leaders” who sanctioned such high levels of taxation are dealt with first, of course.

Probably won’t see that happening anytime soon, however.

You can read the rest of that GBTA post on their website here.

By Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

Source:

Bachelor, Blane. “10 worst cities for travel taxes.” FOX News. 27 May 2014. (http://www.foxnews.com/travel/2014/05/27/10-worst-cities-for-travel-taxes/?intcmp=obnetwork). 29 May 2014.

Share

Tags: , , , , , , , , ,

Thursday, May 29th, 2014 Business, Crime, Debt Crisis, Fiscal Policy, Government, Taxes, Tourism, Travel Comments Off on Study: Chicago Worst U.S. City For Total Travel Tax Burden

Jim Rogers Identifies Money-Making Opportunities In China

Last Sunday, well-known investor, author, and financial commentator Jim Rogers appeared in an interview posted on the U.S. business and technology website Business Insider. Mamta Badkar interviewed the former investing partner of George Soros, and the discussion focused on China. From their exchange:

BADKAR: So what opportunities are you seeing in China right now?
ROGERS: Well, there are lots. The Chinese government is spending staggering amounts of money on agriculture, for instance. Mao Zedong ruined Chinese agriculture. They know it. The place is horribly polluted. They know it. They’re spending staggering amounts of money trying to clean up the pollution in China. You look at these railroads. They’re trying to build a railroad system because it’s much more efficient and they know that. They’re doing some smart things. Tourism- Chinese tourism. They’ve not been able to travel for a few hundred years. Now they can get passports very easily. Now they can take money out of the country very easily. A billion three hundred million Chinese. They’re going to change the name of “Madison Avenue” to “China Avenue” or something when the Chinese start flocking around the world . There are great opportunities in Chinese tourism.


“Jim Rogers Emerging Markets”
Business Insider Video

By Christopher E. Hill, Editor
Survival And Prosperity (www.survivalandprosperity.com)

(Editor’s notes: Info added to “Crash Prophets” page; I am not responsible for any personal liability, loss, or risk incurred as a consequence of the use and application, either directly or indirectly, of any information presented herein.)

Share

Tags: , , , , , ,

Thursday, September 26th, 2013 Agriculture, Asia, Crash Prophets, Emerging Markets, Investing, Tourism, Transportation, Travel Comments Off on Jim Rogers Identifies Money-Making Opportunities In China
Survival And Prosperity
Est. 2010, Chicagoland, USA
Christopher E. Hill, Editor

Successor to Boom2Bust.com
"The Most Hated Blog On Wall Street"
(Memorial Day Weekend 2007-2010)

PLEASE RATE this blog HERE,
and PLEASE VOTE for the blog below:



Thank you very, very much!
Advertising Disclosure here. Ad captions last reviewed/updated 3/7/17.
ANY CHARACTER HERE
Freeze Dried Food FREE GIFT WITH PURCHASE; Free Shipping (domestic orders). Review coming soon.
ANY CHARACTER HERE
Family-Owned & Operated in Chicago Suburbs! SAVE 10% OFF ALL ITEMS (promo code- home page); Free Shipping (U.S. orders) & Returns. Review coming soon.
ANY CHARACTER HERE
Buy Gold And Silver Coins U.S. GOLD (BULLION) COIN/BAR SALE!; 90% Silver U.S. Dimes & Quarters Sale; Secondary Market Silver Sale (1 oz. coins, 10 oz., & 100 oz. bars); World Gold Bullion Coins/Bars also on sale; Free Shipping on U.S. orders $99 and up (only $5.95 below $99!). BGASC reviewed HERE.
ANY CHARACTER HERE
BullionVault World's Largest Online Investment Gold Service taking care of $2 billion for over 65,000 users from 175 countries. BullionVault.com reviewed HERE.
ANY CHARACTER HERE
FLASH SALE! 2-WEEK EMERGENCY FOOD SUPPLY $67; SAVE 15% OFF ALL CASE PACKS; Big Savings on "Deal Of The Day" page; Free Shipping on orders over $79. MyPatriotSupply.com reviewed HERE.
ANY CHARACTER HERE
bullet proof vestsWorld's First Bulletproof Baseball Cap only $129; Bulletproof Ceramic Plate (NIJ Level III Stand-Alone) only $169; Bulletproof Backpack/Messenger Bag Panel only $99. BulletSafe reviewed HERE.
ANY CHARACTER HERE
Survival Titles Save 20% SAVE 35% ON SELF-DEFENSE, COMBATIVES TITLES (promo code- home page); Discontinued Title Sale- Savings up to 75% Off Original Price. Paladin Press reviewed HERE.
ANY CHARACTER HERE
This project dedicated to St. Jude
Patron Saint of Desperate Situations



happyToSurvive

Categories

 

Archives

RSS Chris Hill’s Other Blog: Offshore Safe Deposit Boxes

  • List Of Offshore Private Vaults Updated
    The list of private, non-bank vaults outside the United States (offering safe deposit boxes/lockers at a minimum) located on this blog’s sister site- Offshore Private Vaults- has just been updated. Safe deposit facilities now open for business have been added under the following countries: -Hong Kong (Smart Secured Storage) -Liechtenstein (Liemeta AG, Triesen) -United Kingdom […]
  • Related Reading: The Telegraph Looks At Latest Security Technology In Bank, Private Vaults
    I’m back after several days spent on matters related to the research business (focus: specialized asset protection) I’m in the process of rolling out. Despite the “spring break,” I compiled a good deal of material to blog about in the near future. Getting back into the saddle then… “How to rob a bank” This headline […]
  • Next Degussa Numis Day To Take Place March 30, 31
    Rare numismatic coins often find their way into safe deposit boxes. And Degussa, a leading international player in the precious metals world which also offers safe deposit boxes (for customers) at branches in Germany, Singapore, Spain, and Switzerland, has posted information about the next Numis Day (first blogged about here) at their Geneva and Zurich […]
  • Related Reading: Switzerland, Canada, United Kingdom Top U.S. News & World Report’s 2017 ‘Best Countries’ Rankings
    Here’s an annual survey one might consider when selecting an offshore safe deposit box location. U.S. News & World Report just released its “Best Countries” rankings for 2017. Kevin Drew reported Tuesday morning on the American media company’s website: Switzerland is viewed as the No. 1 overall country, according to a survey of more than […]
  • Related Reading: London’s Sharps Pixley Spotlighted By The Spectator Magazine
    Monday evening I read an interesting article about London, England-based precious metals showroom/safe deposit box service Sharps Pixley (first blogged about here). Margareta Pagano wrote on the website of The Spectator (UK) this past weekend: When the going gets tough, the tough go shopping. And when the going is seriously tough- as it may be […]