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(Boing Boing)   1980: 8% of London's offices belong to foreign investors. 2012: 52% of London's offices belong to foreign investors   (boingboing.net) divider line 14
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545 clicks; posted to Business » on 27 Jun 2012 at 5:20 PM (2 years ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2012-06-27 03:24:57 PM
Technically, Cory himself is part of the trend mentioned in the headline. He's Canadian. Although I think he just rents, so not sure if that counts as per the original Guardian counting.

His office in London is/was lovely. I think he's moved since I saw it though.
 
2012-06-27 03:52:27 PM
Anyone recall the period when the Japanese were buying up buildings in the US?

After the Great Gas Crunch, suddenly big chunks of land and buildings were being bought up by the Saudi's in the US.

When Dubi was being built, top contractors from all over the globe fell all over themselves to get hired by the Saudi's. German contractors were happily building bunkers for Saddam and nuclear plants in Iran.

Russia was making billions selling off 'surplus' military weapons to any middle eastern nation who wanted them, who were in turn selling them to any Rebel group in Africa who had enough money to pay. The little fact that genocide on a whole new scale was going on there didn't affect the profits.

The US laid off millions of workers and promptly outsourced their jobs to India, Indonesia, Taiwan and China -- which boosted their economies considerably.
 
2012-06-27 05:35:44 PM

Rik01: Anyone recall the period when the Japanese were buying up buildings in the US?

After the Great Gas Crunch, suddenly big chunks of land and buildings were being bought up by the Saudi's in the US.

When Dubi was being built, top contractors from all over the globe fell all over themselves to get hired by the Saudi's. German contractors were happily building bunkers for Saddam and nuclear plants in Iran.

Russia was making billions selling off 'surplus' military weapons to any middle eastern nation who wanted them, who were in turn selling them to any Rebel group in Africa who had enough money to pay. The little fact that genocide on a whole new scale was going on there didn't affect the profits.

The US laid off millions of workers and promptly outsourced their jobs to India, Indonesia, Taiwan and China -- which boosted their economies considerably.




Is there some sort of conclusion or point to telling us this?
 
2012-06-27 05:56:45 PM

HellRaisingHoosier: Rik01: Anyone recall the period when the Japanese were buying up buildings in the US?

After the Great Gas Crunch, suddenly big chunks of land and buildings were being bought up by the Saudi's in the US.

When Dubi was being built, top contractors from all over the globe fell all over themselves to get hired by the Saudi's. German contractors were happily building bunkers for Saddam and nuclear plants in Iran.

Russia was making billions selling off 'surplus' military weapons to any middle eastern nation who wanted them, who were in turn selling them to any Rebel group in Africa who had enough money to pay. The little fact that genocide on a whole new scale was going on there didn't affect the profits.

The US laid off millions of workers and promptly outsourced their jobs to India, Indonesia, Taiwan and China -- which boosted their economies considerably.



Is there some sort of conclusion or point to telling us this?


a.abcnews.com
The point my friend is we're behind. We need to work harder crushing the government until it's the size of a pea in the anus of a whale.There is plenty of land here to sell to foreign nationals, why aren't they buying our land? One answer, President Obama. If I was elected, my first official act would be putting the White House on Ebay. I have 7 homes that are much bigger, and much more fitting for the King of the United States. Think of the savings.
 
2012-06-27 06:09:24 PM

missiv: HellRaisingHoosier: Rik01: Anyone recall the period when the Japanese were buying up buildings in the US?

After the Great Gas Crunch, suddenly big chunks of land and buildings were being bought up by the Saudi's in the US.

When Dubi was being built, top contractors from all over the globe fell all over themselves to get hired by the Saudi's. German contractors were happily building bunkers for Saddam and nuclear plants in Iran.

Russia was making billions selling off 'surplus' military weapons to any middle eastern nation who wanted them, who were in turn selling them to any Rebel group in Africa who had enough money to pay. The little fact that genocide on a whole new scale was going on there didn't affect the profits.

The US laid off millions of workers and promptly outsourced their jobs to India, Indonesia, Taiwan and China -- which boosted their economies considerably.



Is there some sort of conclusion or point to telling us this?

[a.abcnews.com image 640x360]
The point my friend is we're behind. We need to work harder crushing the government until it's the size of a pea in the anus of a whale.There is plenty of land here to sell to foreign nationals, why aren't they buying our land? One answer, President Obama. If I was elected, my first official act would be putting the White House on Ebay. I have 7 homes that are much bigger, and much more fitting for the King of the United States. Think of the savings.


Did this article get on the politics thread? Anyways thats an interesting looking building, and I wonder if its design is for green practices. I wish the article covered more of that, but damn 52% is pretty high.
 
2012-06-27 06:22:02 PM
The world got rich. You are no longer unique. You'll get over it
 
2012-06-27 07:18:27 PM
As my econ prof would say, when foreigners are buying up your property, that means your property is a more valuable investment than anything back home.
 
2012-06-27 07:56:07 PM
The City has no one to blame but themselves

The Death of Gentlemanly Capitalism is a good read.
 
2012-06-27 08:26:36 PM

Dear Jerk: As my econ prof would say, when foreigners are buying up your property, that means your property is a more valuable investment than anything back home.


Or you're running a large trade deficit and your trading partners have to do something with your currency since they can't use it at home.
 
2012-06-27 11:40:45 PM
On the point that the Japanese were buying up the US. I enjoyed the story that when Sony bought RCA records, they did it mainly for the office building in downtown tokyo. Morita said at the time he bought the building for more office space and a record company was tossed in.
 
2012-06-28 12:21:20 AM

SphericalTime: Technically, Cory himself is part of the trend mentioned in the headline. He's Canadian. Although I think he just rents, so not sure if that counts as per the original Guardian counting.

His office in London is/was lovely. I think he's moved since I saw it though.


Why would he be part of the trend? Canadians are royal subjects.
 
2012-06-28 12:49:09 AM

Bobby Hoskins was a prophet.

xtupload.com

Today is a day of great historical significance for London. Our country is not an island anymore. We are a leading European state. And I believe that this is the decade in which London will become Europe's capital.

With mile after mile and acre after acre of land for our future prosperity. No other city in the world has got right in its center such an opportunity for profitable progress. So its important that the right people mastermind the New London.

To endorse the global nature of our venture- hands across the ocean.
 
2012-06-28 01:48:56 AM

fillahbuster: Dear Jerk: As my econ prof would say, when foreigners are buying up your property, that means your property is a more valuable investment than anything back home.

Or you're running a large trade deficit and your trading partners have to do something with your currency since they can't use it at home.


Either way, it's a vote of confidence in your domestic economy, plus it reduces the local flow-on effects if there's a downturn that empties some of those offices.
 
2012-06-28 07:19:38 AM

missiv: HellRaisingHoosier: Rik01: Anyone recall the period when the Japanese were buying up buildings in the US?

After the Great Gas Crunch, suddenly big chunks of land and buildings were being bought up by the Saudi's in the US.

When Dubi was being built, top contractors from all over the globe fell all over themselves to get hired by the Saudi's. German contractors were happily building bunkers for Saddam and nuclear plants in Iran.

Russia was making billions selling off 'surplus' military weapons to any middle eastern nation who wanted them, who were in turn selling them to any Rebel group in Africa who had enough money to pay. The little fact that genocide on a whole new scale was going on there didn't affect the profits.

The US laid off millions of workers and promptly outsourced their jobs to India, Indonesia, Taiwan and China -- which boosted their economies considerably.



Is there some sort of conclusion or point to telling us this?

[a.abcnews.com image 640x360]
The point my friend is we're behind. We need to work harder crushing the government until it's the size of a pea in the anus of a whale.There is plenty of land here to sell to foreign nationals, why aren't they buying our land? One answer, President Obama. If I was elected, my first official act would be putting the White House on Ebay. I have 7 homes that are much bigger, and much more fitting for the King of the United States. Think of the savings.


Clinton's signing and selling us out to China made Romney's success possible.
 
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