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?

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  1. Great Photo & Article! a new blog giving deeper meaning into the $700 billion bailout or rescure plan http://got700billion.blogspot.com/

  2. Wow. Those chicken feet look more than a little bit disgusting. Interesting relationship comparison…

  3. 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

  4. EDWARD MENSAH

    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

  5. EDWARD MENSAH

    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




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