Archive for the 'Economy' Category

A Little Bit About Mortgage

I don’t live in the U.S. I am even not a U.S citizen, but like so many people in the world, we turn our attention to the U.S more often than before lately. The world is in recession, that’s what I read and heard people say, although how it will affect me; I still have very little idea.

One of the things that I heard was having a major impact on the U.S economy is the Mortgage problems. It seems that there’s a lot of people that cannot get out of debt and cannot afford to pay their mortgage anymore, which is really, really sad to hear.

I read that mortgage was originally comes from Old French, meaning ‘Dead Pledge’. You can read more about it on the Wikipedia page about mortgage. Because of this meaning, some people joked that it means that the debt will follow you until you died. It was somewhat funny, but only because it sounds rather ironic. Read the rest of this entry »

It’s Raining Money

Or at least it is going to rain money. How is that possible? Apparently on June 1st 2008 at 8:30AM, one of Indonesia’s well known motivator persona, Tung Desem Waringin, will pour down money worth 100 million Rupiahs from a small Jabiru plane above the east parking area in Senayan Complex, Jakarta.

I’m kind of surprised when I read the news about it on one of the Indonesia’s most well-known Digital News Site Detik dot Com. Although the latest news stated that they haven’t got a permit yet from the Jakarta Metro Police Department. It is said that there is a possibility that the event could be postponed if they don’t get the permit in time. Read the rest of this entry »

The Effects of Gasoline Price Increase

As you can read on my post regarding the increase in Indonesia’s Gasoline Price, it is now been three days since the price of Fuel first declared. Already the newspaper, television and even my co-workers are discussing it every day.

It is not the price of the fuel itself that got talked about the most, but rather the side-effect that happened because of the fuel price increase. That is the basic and even not-so-basic commodities price which also increased due to the fuel price increase.

Even now the cost or the fee for public transportation is increasing rapidly and almost simultaneously Read the rest of this entry »