Jump to content

Gnarly Gnu

Members
  • Posts

    1,940
  • Joined

  • Last visited

  • Days Won

    8

Posts posted by Gnarly Gnu

  1. I have sighted both his current pilots license, (with just about every endorsement available)

    Well not current now one would assume - unless he has a two passenger endorsement his licence would be about as valid as the Costa Concordia Captains. I really hope he recovers fully and quickly (+ the passengers especially) and is able to fly again but this time with a PPL thank you, enough damage to the reputation of RAAus has been done of late (which means to all of us).

     

     

  2. Also came across this Planning Inquiry for a wind farm. Several wind turbines were planned for the splay area of a farm airstrip used for aerial spraying for that property and others. There is plenty of interesting discussion about airstrips, the effect of wind turbines on aerial spraying and general flying.

    I wonder how many people realise that windfarms affect the local climate? When there is enough of them for an area downstream the rainfall is typically reduced due to greater air turbulence. One would think this is more of a worry than the noise from an occasional aircraft.

     

     

  3. I was 20 odd.My weight was 54 KG (well under weight for my height).

    I like the Herman cartoon where he says to his wife mid argument "You were only 110 pounds on our wedding day so I'm not even married to half of you" 006_laugh.gif.0f7b82c13a0ec29502c5fb56c616f069.gif

     

    I'm tired of Virgass and all their restrictions, try travelling with a bunch of tools these days....

     

     

  4. "The 2011 ultralight-led Whooping crane migration is currently on hold in Alabama while the Federal Aviation Administration sorts out a regulatory issue involving OM’s pilots and aircraft.

     

    The FAA is working with OM to resolve the issue as quickly as possible. In the meantime, this year’s cohort is safely penned in Franklin County, Alabama, watched over daily by OM personnel.

     

    The issue in question is whether or not OM’s pilots are flying “for hire,” or, for the furtherance of a non-profit."

     

     

  5. OK not so funny I'll admit due to the reality of it all:

     

    .

     

    Helga is the proprietor of a bar. She realizes that virtually all of her customers are unemployed alcoholics and, as such, can no longer afford to patronize her bar. To solve this problem, she comes up with a new marketing plan that allows her customers to drink now, but pay later. Helga keeps track of the drinks consumed on a ledger (thereby granting the customers’ loans). Word gets around about Helga’s “drink now, pay later” marketing strategy and, as a result, increasing numbers of customers flood into Helga’s bar. Soon she has the largest sales volume for any bar in town.

     

    By providing her customers freedom from immediate payment demands, Helga gets no resistance when, at regular intervals, she substantially increases her prices for wine and beer, the most consumed beverages. Consequently, Helga’s gross sales volume increases massively. A young and dynamic vice-president at the local bank recognizes that these customer debts constitute valuable future assets and increases Helga’s borrowing limit. He sees no reason for any undue concern, since he has the debts of the unemployed alcoholics as collateral!

     

    At the bank’s corporate headquarters, expert traders figure a way to make huge commissions, and transform these customer loans into DRINKBONDS. These “securities” then are bundled and traded on international securities markets. Naive investors don’t really understand that the securities being sold to them as “AA” “Secured Bonds” really are debts of unemployed alcoholics. Nevertheless, the bond prices continuously climb and the securities soon become the hottest-selling items for some of the nation’s leading brokerage houses.

     

    One day, even though the bond prices still are climbing, a risk manager at the original local bank decides that the time has come to demand payment on the debts incurred by the drinkers at Helga’s bar. He so informs Helga. Helga then demands payment from her alcoholic patrons, but being unemployed alcoholics they cannot pay back their drinking debts. Since Helga cannot fulfil her loan obligations she is forced into bankruptcy. The bar closes and Helga’s 11 employees lose their jobs.

     

    Overnight, DRINKBOND prices drop by 90%. The collapsed bond asset value destroys the bank’s liquidity and prevents it from issuing new loans, thus freezing credit and economic activity in the community. The suppliers of Helga’s bar had granted her generous payment extensions and had invested their firms’ pension funds in the BOND securities. They find they are now faced with having to write off her bad debt and with losing over 90% of the presumed value of the bonds.

     

    Her wine supplier also claims bankruptcy, closing the doors on a family business that had endured for three generations, her beer supplier is taken over by a competitor, who immediately closes the local plant and lays off 150 workers.

     

    Fortunately though the bank, the brokerage houses and their respective executives are saved and bailed out by a multibillion dollar no-strings attached cash infusion from the government. The funds required for this bailout are obtained by new taxes levied on employed, middle-class, non-drinkers who’ve never been in Helga’s bar.

     

    Now do you understand?

     

     

    • Like 2
  6. Thanks for that info Ron, I did check out the rebelbuilders forum some time back but found it a bit difficult to follow, seemed a bit like the old 'bulletin board service' layout from the days before the internet so a new website will probably help a lot.

     

    All the best with your flying!

     

     

×
×
  • Create New...