Chicken feet, mortgages and $700 billion
The daily stat from Harvard Business Publications throws up some thought provoking numbers and juxtapositions. This week I’ve learned that – the US exports lots of chicken feet to China; nearly one third of people who purchased homes in the US in the past five year have “under water” mortgages; and that if I had a spare $700 billion I could pay for the UN’s programs to fight hunger and poverty in Africa for 10 years.
Here’s the detail:
In the first half of 2008, China imported 420,000 tons of poultry–133,000 tons more than for the same period in 2006. and that the U.S. exported a whopping 300,000 tons to China, supplying the lion’s share of the country’s imports over this 6-month period. Most of it chicken feet which make up more than half of the country’s poultry imports.
Sixteen percent of U.S. homeowners are “under water”: they owe more in mortgages than their homes are worth. This compares with 6% the year before and 4% in 2006. For those who purchased their homes in the last 5 years, the numbers are even worse — 29% owe more than the current value of their homes.
What $700billion could do if it weren’t bailing out the US financial system:
- Pay a year’s wages for 22 million Americans (average weekly pay in August was $612)
- Fund Germany’s national budget for 18 months (Germany’s projected 2009 budget is €288 billion)
- Pay for the UN’s programs to fight hunger and poverty in Africa for 10 years
- Fly to the moon 4 times (NASA’s Apollo program cost about $164 billion in today’s dollars)
I wonder how many chicken feet I get for $700 billion? And would $700 billion put all those mortgages above water?
October 19, 2008 at 5:57 pm
Great Photo & Article! a new blog giving deeper meaning into the $700 billion bailout or rescure plan http://got700billion.blogspot.com/
October 23, 2008 at 8:14 pm
Wow. Those chicken feet look more than a little bit disgusting. Interesting relationship comparison…
October 1, 2010 at 5:02 pm
Dear Sir,
We are exporter chicken feet in IRAN and now we can supply you chicken feet skine less.
if you want to import please send to me email: seafishir@yahoo.com
Regards,
Moslem Bahrani
+98 916 333 3809
February 24, 2011 at 4:35 pm
FROM MENSAH FARM & AGRIC COMPANY GHANA.
Dear Sir,
We are suppliers of Chicken feet, Chicken Paws,Breast, Wings, cashew nut to a serious buyer who is ready for long term contract for supply.
HERE IS OUR SPECIFICATION:GRADE A&B PICTURES ATTACHED.
Lot no. S09121.
Product: Chicken feet & Paws, Breast, Wings.
Place of Origin: Ghana
Monthly supply: 150 mt every month
Quantity: Chicken Feets———– 800 MT ready now
Quantity: Chicken Paws———–500 MT ready
Quantity: Chicken Breast———-450MT ready
Specification: Ghana Manufacture’s Technical Specification.
Price: $600/MT CIF China/Hong Kong port, etc (for a first trial order of 6 ctners)
Payment Terms:30% of the total cost will be paid after inspection of the product Through T/T,or CASH, then 70% will be paid after the goods arrives in buyers destination port against B/L.
NOTE: We do not accept any payment on LC, and Inspection of the goods is very important at the moment.
Time of Shipment: Shipped 14 days from the date of receipt of the payment from the buyer by CASH or T/T.
Minimum Order Quantity: 4x40RH FCLs (4×26 MT).
Thanking You.Please add your private email address and mobile number on your response.
Edward Mensah.
emchickenfarm1@live.com
April 10, 2011 at 9:39 pm
FROM MENSAH FARM & AGRIC COMPANY GHANA.
Dear Sir,
We are suppliers of Chicken feet, Chicken Paws,Breast, Wings, cashew nut to a serious buyer who is ready for long term contract for supply.
HERE IS OUR SPECIFICATION:GRADE A&B PICTURES ATTACHED.
Lot no. S09121.
Product: Chicken feet & Paws, Breast, Wings.
Place of Origin: Ghana
Monthly supply: 150 mt every month
Quantity: Chicken Feets———– 800 MT ready now
Quantity: Chicken Paws———–500 MT ready
Quantity: Chicken Breast———-450MT ready
Specification: Ghana Manufacture’s Technical Specification.
Price: $600/MT CIF China/Hong Kong port, etc (for a first trial order of 6 ctners)
Payment Terms:30% of the total cost will be paid after inspection of the product Through T/T,or CASH, then 70% will be paid after the goods arrives in buyers destination port against B/L.
NOTE: We do not accept any payment on LC, and Inspection of the goods is very important at the moment.
Time of Shipment: Shipped 14 days from the date of receipt of the payment from the buyer by CASH or T/T.
Minimum Order Quantity: 4x40RH FCLs (4×26 MT).
Thanking You.Please add your private email address and mobile number on your response.
Edward Mensah.
emchickenfarm1@live.com
Tel: +233 267 188047