Could this be true? It is preventable and a simple maintenance, repair issue.
Now causing massive loss of wealth and lives
The theory is that the pilot seat slid and the reflex of the pilot was to grab on to something, in this case the throtel lever (this reduces the engine speed) and hence the loss of power. True? Plausible
179 out of 182 passengers perished in landing air crash tragedy involving Jejun Airline at Mauan South Korean.
The plane was reported to have had a bird strike which disabled its hydraulic system which prevented the lowering of its landing gear and the extension of flaps to slow the plane landing
The aviation expert noted that the pilot made a normal landing and fatalities could have been lower had there been no concrete structure at the end of the runway. The aviation expert said the solid wall should not be there anyway on the runway. But there was. Airport authorities said that they complied with air operations standard.
The aviation expert belies that the deaths were caused by bird strike or even plane manufacturer. It would have been the same for either of the major airline manufactuer.
The BOJ decision to increase interest rate and rising yen has hammered the carry trade. And it is no longer wise to hold on to carry trade. Thus hedge funds and other money funds are disgorging their carry holdings to stave off losses. The two events are causing the carry trade to be unprofitable.
Is this revenge for the nuke bombing of its two cities vs USA and the world (no basis)
We just wonder how this event would:
1. Affect Japanese yen loans to the Philippines;
2. Budgeted/approved yen loans to Philippine projects
There is greater uncertainty with USA because of huge debt. Its a $36 trillion now. And USA adds $1 trillion every 100 days. The idea now is not to pay the debt and just keep on printing more money. But all will come crashing soon.
Questions:
1. How is this crisis going to affect our relatives living in USA?
2. How is this going to affect local banks and businesses.?
All ready local stock markets are down? How about local banks? Will this crisis affect remittances and our OFWs
Why are they crashing? Because of prospect of recession in US. Less than expected job creation and high unemployment rate. Global uncertainty due to Iran Israel escalation of conflict. Bangladesh turmoil.
Stock market as in Nikkei saw double digit decline during trading. This is unseen and reminiscent of 1987 crash.
Should we be worried? Or Phisix has plunged well ahead of the world market. Will the Philippine GDP growth be affected.?
Should we continue with the Maharlika (sovereign fund) Or is it going to do bargain hunting for collapsed stocks?
