Inflation Inflation! EK what to expect?
Join Date: Aug 2006
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Guns,
There is always three aspects to any job.
1)compensation
2)Quality of life
3)Security
Whenever ONE of these becomes weak, it can be the start of looking for something better. When two factors become weak, it can be the actual motivation to actually leave. When all three are factors, GO, don't be the last one to turn out the lights.
One thing about EK, job security for an airline is excellent (unless you screw the pooch somewhere). With over $30 billion of metal on order, the security is there.
Numbers one and two are in play at EK for a number of pilots. But there are some that find all three very suitable. It all depends on what part of the world you call home.
And time for me to take a hike over to the clinic for a pysch checkup, I agree with Mesaboy.
TU
There is always three aspects to any job.
1)compensation
2)Quality of life
3)Security
Whenever ONE of these becomes weak, it can be the start of looking for something better. When two factors become weak, it can be the actual motivation to actually leave. When all three are factors, GO, don't be the last one to turn out the lights.
One thing about EK, job security for an airline is excellent (unless you screw the pooch somewhere). With over $30 billion of metal on order, the security is there.
Numbers one and two are in play at EK for a number of pilots. But there are some that find all three very suitable. It all depends on what part of the world you call home.
And time for me to take a hike over to the clinic for a pysch checkup, I agree with Mesaboy.
TU
Join Date: Oct 2007
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Price ceiling to fuel food supply crisis
http://www.gulfnews.com/business/Com.../10196074.html
This will be interesting to watch. Saw this in Zimbabwe last year as their inflation got out of control. Result was nothing in the shops.
Obviously this has not reached the crisis levels that Zimbabwe achieved but essentially its the same thing. If prices are restricted, quality and variety are reduced.
I have some great healthy recipes for beans......
http://www.gulfnews.com/business/Com.../10196074.html
This will be interesting to watch. Saw this in Zimbabwe last year as their inflation got out of control. Result was nothing in the shops.
Obviously this has not reached the crisis levels that Zimbabwe achieved but essentially its the same thing. If prices are restricted, quality and variety are reduced.
I have some great healthy recipes for beans......
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I have found that filling my bucket here to be a much harder experience and going by the economic indicators it will get harder still as inflation here is getting out of hand,
I will wait to see what kind of pay increase will be awarded if any ,doubting the fact that it will beat inflation so therefore it is going to cost me more to live here. I am sure the company will bank on the fact that $120 oil will bring about the pilot redundancies that will send applications this way,
So I am left with the choice, live here with a high cost of living that restricts your quality of life (the reason why I moved here) or throw in the towel and leave,
I will wait to see what kind of pay increase will be awarded if any ,doubting the fact that it will beat inflation so therefore it is going to cost me more to live here. I am sure the company will bank on the fact that $120 oil will bring about the pilot redundancies that will send applications this way,
So I am left with the choice, live here with a high cost of living that restricts your quality of life (the reason why I moved here) or throw in the towel and leave,
Join Date: May 2005
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Dear Oakape,
Let me quote you now,
''Perhaps they are holding back as many airbus guys as they can, because they will need them for the A380. I am assuming that the transition from A330/340 to the A380 will be shorter than from the Boeing.''
How thoughtful of you to make another excuse for the company to continue an insane policy. Even the company didn't try to pass that theory off on us, its just too far out in left field. How did your DEC interview go last summer?
You made 2 assumptions from your last post, which are wrong on both counts.
1. I never stated that a DEC policy for ALL airlines is necessarily a bad thing. At EK it is a bad thing simply because there was and still is, ample FO's ready for upgrade. There are various airlines out there that simply cannot crew aircraft without hiring DEC's.
2. I never said I would join as a DEC. I simply stated that pilots at EK have 3 options (generally speaking) after being here a few years.
Thanks for searching my posts though, its encouraging. If you are having issues with your past decisions I can't help you with that, sorry.
I would prefer though if someone who thought logically and rationally would discuss or even counter my views. I have no heartache with being wrong, and I will admit it when I am. I don't presume to think I know all the answers but in this case, wrt the DEC policy I have been consistent ......... it is a foolish and self-defeating policy of EK. Thanks again for bringing it back to the forefront, it was something many pilots had put out of their minds in light of the recent further decline of our T&C's.
Let me quote you now,
''Perhaps they are holding back as many airbus guys as they can, because they will need them for the A380. I am assuming that the transition from A330/340 to the A380 will be shorter than from the Boeing.''
How thoughtful of you to make another excuse for the company to continue an insane policy. Even the company didn't try to pass that theory off on us, its just too far out in left field. How did your DEC interview go last summer?
You made 2 assumptions from your last post, which are wrong on both counts.
1. I never stated that a DEC policy for ALL airlines is necessarily a bad thing. At EK it is a bad thing simply because there was and still is, ample FO's ready for upgrade. There are various airlines out there that simply cannot crew aircraft without hiring DEC's.
2. I never said I would join as a DEC. I simply stated that pilots at EK have 3 options (generally speaking) after being here a few years.
Thanks for searching my posts though, its encouraging. If you are having issues with your past decisions I can't help you with that, sorry.
I would prefer though if someone who thought logically and rationally would discuss or even counter my views. I have no heartache with being wrong, and I will admit it when I am. I don't presume to think I know all the answers but in this case, wrt the DEC policy I have been consistent ......... it is a foolish and self-defeating policy of EK. Thanks again for bringing it back to the forefront, it was something many pilots had put out of their minds in light of the recent further decline of our T&C's.
Join Date: Oct 2007
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Oil hitting $108 today. Ouch.
Essentially its a reflection of the USD and the US economy.
Anyone thinking that inflation is not increasing dramatically is simply blind.
Standby for the UAE to hike prices of Petrol and Diesel and then we can add another 10-15% to whatever inflation we have already.
Essentially its a reflection of the USD and the US economy.
Anyone thinking that inflation is not increasing dramatically is simply blind.
Standby for the UAE to hike prices of Petrol and Diesel and then we can add another 10-15% to whatever inflation we have already.
Join Date: Mar 2004
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Talking about a possible de-pegging.
http://www.gulfnews.com/business/Economy/10196533.html
Won't be happening anytime soon though. In the mean time the dollar will plunge.
.....More inflation.
http://www.gulfnews.com/business/Economy/10196533.html
Won't be happening anytime soon though. In the mean time the dollar will plunge.
.....More inflation.
Thread Starter
Join Date: Mar 2005
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Even the Big Mac is too expensive now!
Fast food chains in the UAE have hiked prices by up to 30% over recent months
http://www.arabianbusiness.com/51340...ard-to-swallow
When they increase it's always by 20% and more. This place is just becoming a big joke. No protection on any front. Soon we will have to pay to go to work. Watch and see!
Keep Discovering
http://www.arabianbusiness.com/51340...ard-to-swallow
When they increase it's always by 20% and more. This place is just becoming a big joke. No protection on any front. Soon we will have to pay to go to work. Watch and see!
Keep Discovering
Join Date: Aug 1998
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a different spin
Pool service company blithely informs me today that instead of 400 dirhams a month it will be now 500 dirhams a month, thank-you very much.
I won't miss the 100 dirhams but what are the chances that the little swab actually standing in the sun with the hose and the brush is getting one, single dirham more this month than he ever has?
If there's a scandal here that's where it lies. If you really started thinking about it you'd never stop throwing up.
I won't miss the 100 dirhams but what are the chances that the little swab actually standing in the sun with the hose and the brush is getting one, single dirham more this month than he ever has?
If there's a scandal here that's where it lies. If you really started thinking about it you'd never stop throwing up.
Join Date: Aug 2007
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Looking at the financial news coming from the USA, a slip of another 30% over the next 12 months wouldn't be too far off.
I read the book, Rich Dad's Prophecy, by Robert Kiyosaki some years ago.
The next 4-7 years will be interesting for the US$.
Depegging must happen sooner rather than later, or the local economy will slide with that of the USA.
I read the book, Rich Dad's Prophecy, by Robert Kiyosaki some years ago.
The next 4-7 years will be interesting for the US$.
Depegging must happen sooner rather than later, or the local economy will slide with that of the USA.
Join Date: Mar 2004
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Euro touching 1.55 now.
Oil at a record
Gold back at record levels
Dow and S&P drifting ever downwards.
There will be small pullbacks along the way but the trends are strongly established.
Is very ugly. More and more inflation to come............
Oil at a record
Gold back at record levels
Dow and S&P drifting ever downwards.
There will be small pullbacks along the way but the trends are strongly established.
Is very ugly. More and more inflation to come............
Join Date: Apr 1999
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WHAT--only now is inflation an issue for the government????? In EVERY Western (sic) country inflation is the NUMBER one enemy of the government/monetary body. Most have target to keep it below a threshold of 2-3% - above the target (or getting close) results is endless steps to tame it. Why? Because the 70's and 80's taught an important lesson regarding inflation - it KILLS an economy and is extremely difficult to deal with after the fact.
If the UAE et el think they are any different they are sadly mistaken. If they do not deal with the issue their thriving economy will not last too long.
If the UAE et el think they are any different they are sadly mistaken. If they do not deal with the issue their thriving economy will not last too long.
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Join Date: Mar 2004
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Food discounts based on race and nationality?
Discrimination, racism, facism all alive and well in the Middle East!
All the more reason to come and get a job here then.....
How stupid.
Discrimination, racism, facism all alive and well in the Middle East!
All the more reason to come and get a job here then.....
How stupid.
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... and it's worth to notice -
the massive inflation (conservative guess of more than 30% of the Dirham value in the last 4 years alone) is also wiping out most of the recent gains of the real estate assets,
So - if you want to sell your sandy place & transfer Your money into a civilized country - with future perspectives /unlike the sinkin' ship Dubai UAE / with out-of control spiralling costs - due to incompetent government
- there will be a really bad awakening in the not so far future!
and the so happily posted "70-80 % gain in real estate" is just a virtual figure" just happening in the "detached Dirham World" - as there might be just maigre 25-30 % gain left, after subtracting the massive inflation over the last years - unless You want to sit the rest of Your life in crappy JBR, sandy Palm, in Springs or the Arabian ranches - i'm glad i sold there last year -
and i will NEVER look back or regret it - Scouts honour!
The last one switches of the light - please !!!
the massive inflation (conservative guess of more than 30% of the Dirham value in the last 4 years alone) is also wiping out most of the recent gains of the real estate assets,
So - if you want to sell your sandy place & transfer Your money into a civilized country - with future perspectives /unlike the sinkin' ship Dubai UAE / with out-of control spiralling costs - due to incompetent government
- there will be a really bad awakening in the not so far future!
and the so happily posted "70-80 % gain in real estate" is just a virtual figure" just happening in the "detached Dirham World" - as there might be just maigre 25-30 % gain left, after subtracting the massive inflation over the last years - unless You want to sit the rest of Your life in crappy JBR, sandy Palm, in Springs or the Arabian ranches - i'm glad i sold there last year -
and i will NEVER look back or regret it - Scouts honour!
The last one switches of the light - please !!!
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Taken from the 7 Days today:
Nationals to get food discounts
Last Updated : Wednesday 12 Mar, 2008 -
The UAE is considering a plan to provide its citizens with discounts on 14 food items, gasoline and cooking fuel to help offset inflation, the head of a consumer protection body said yesterday.
The UAE cabinet is studying the plan, which will allow UAE nationals to buy rice, bread, tea, sugar, milk and other basic food items at low cost, said Jamal Al Saeedi, executive manager of the Emirates Society for Consumer Protection. “There is too much inflation and it is hitting households,” Saeedi said yesterday. “People cannot live without these items so we are looking for a way to reduce the costs.”
The plan would benefit only UAE nationals, who comprise about a fifth of the 4.5 million population. They will be provided with cards to be used at 16 co-operative supermarkets to be eligible for the discounts.
SM
Nationals to get food discounts
Last Updated : Wednesday 12 Mar, 2008 -
The UAE is considering a plan to provide its citizens with discounts on 14 food items, gasoline and cooking fuel to help offset inflation, the head of a consumer protection body said yesterday.
The UAE cabinet is studying the plan, which will allow UAE nationals to buy rice, bread, tea, sugar, milk and other basic food items at low cost, said Jamal Al Saeedi, executive manager of the Emirates Society for Consumer Protection. “There is too much inflation and it is hitting households,” Saeedi said yesterday. “People cannot live without these items so we are looking for a way to reduce the costs.”
The plan would benefit only UAE nationals, who comprise about a fifth of the 4.5 million population. They will be provided with cards to be used at 16 co-operative supermarkets to be eligible for the discounts.
SM
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Just when you thought the UAE cannot think of any more bloody stupid laws!Now one that will discriminate again, some more, against the 80% of the people that makes the place work!
When the majority of subjects in the castle are discontent, the castle will fall............