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Korean Job Discussion Forums
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mole
Joined: 06 Feb 2003
Location: Act III
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 Posted: Thu Jan 29, 2009 1:02 am Post subject: |
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| Jandar wrote: |
Want some more of this moleblican?
Let me know when your ready Flamebait. |
Persecution complex?
Anyone wagering on how long this tweaker will last in the Land of the Morning Calm? |
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suadente
Joined: 27 Sep 2004
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| Posted: Thu Jan 29, 2009 4:33 am Post subject: |
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| xCustomx wrote: |
I'm an American, planning to marry my girlfriend in the summer, have zero debt, and a significant amount of cash saved up.
The reason why I'm worried is because I will go to a pilot school and pay nearly $40,000 for all my pilot ratings. This will wipe out a lot of my savings, and jobs for pilots are very hard to find right now. It doesn't make a lot of sense to me to spend that much money on training, only to be unemployed once I finish in five or six months.
My girlfriend has waitied patiently for us to move and get married, and I have delayed the move for about two years, mostly because I wanted to save up enough money to pay for the pilot school in cash, and not have a huge amount of debt hanging over my head for 15-20 years. I make a decent amount of money here, and love my job. I wouldn't mind waiting another year to try and wait until things improve, but one of my fears is that I'll get too comfortable in Korea and never pursue my lifelong dream of becoming a pilot. |
Did you go to a good undergrad school? If you went to Embry-Riddle, I'd say go back and start flying. Airlines don't want to hire old pilots, because that only means they have to invest in a pilot who won't last long. If you went to Joe's School of Aeronautics and Nail Design, sorry to be a downer, but maybe think of flying as a hobby.
Alternatively, if you do have a decent degree, have you thought about getting at least some of your licenses in the Philippines? I have a friend who did it, just for fun, but Philippine flight licenses are transferable to the US.
Plus, of the flights that I've been on in and around Asia (at least two dozen), either the pilot or co-pilot had a full on North American accent about half the time. I remember reading an article a while back that several air accidents were because of language issues. To be labeled an International Airport, one of the requirements is that at least one English speaking air traffic controller must be on duty 24/7. Back home, most airlines would probably scoff at a Philippines flight school, but I think airlines over here hire pilots for their flight hours as well as English skills. You'd fly internationally much more quickly.
Plus, North America has too many airlines anyways. It's only going to get harder to get a pilot job there.
That being said, it could also be because air travel is a relatively new industry here, so they could have been laid off by Pan Am and Korean Air picked them up for their experience.
On a side note, has anyone else noticed when flying in or out of Korea, if the captain speaks in fluent English, the turns are nice and smooth, but if the pilot is obviously Korean trained, the turns are sharp and sudden like a fighter plane? |
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Jandar
Joined: 11 Jun 2008
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| Posted: Thu Jan 29, 2009 7:15 am Post subject: |
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| mole wrote: |
| Jandar wrote: |
Want some more of this moleblican?
Let me know when your ready Flamebait. |
Persecution complex?
Anyone wagering on how long this tweaker will last in the Land of the Morning Calm? |
Thanks for admitting you were wrong.
I didn't mean to tweak you.
Been in the Morning Calm off and on since '76 put that in yer crack pipe and smoke it, flamebait.
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mises
Joined: 05 Nov 2007
Location: retired
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| Posted: Thu Jan 29, 2009 11:14 am Post subject: |
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| mole wrote: |
| mises wrote: |
I know that watching youtube videos of Schiff and Jim Rogers is fun. I do it too. But to really understand what is happening in the world economy, and especially global macroeconomics, it is insufficient.
By the by, Schiff's EuroPac clients lost around 50-70% this year. Even a diversified S&P portfolio in the US outperformed it dramatically.
I'll help you out a bit. The big question now is
Can America stimulate aggregate production sufficient to return to stable growth (3-5%) and can China stimulate aggregate demand to do the same.
China was one half of a giant vendor-financing scheme (the other being the US/Spain/Oz/UK etc). Now that her easy markets are looking towards decreased consumption, she (to keep the millions employed) must find domestic (or other) markets to ship her goods. The US (the other side of the VF scheme) has a large imbalance in trade. The US must find was to stimulate aggregate production to compensate for the death of the FIRE economy (finance, insurance, real estate). That is the big question going forward. |
Mises knows his economics. Go figure.
I fully concur. What does US produce, besides a lot of hot air? I like mises' term FIRE better.
I don't think China has a problem with demand. Chinese would love to participate in the consumption glut they've been feeding all this time. |
The Chinese have a huge problem with domestic demand. It is very difficult to increase domestic demand. Their political economy has been feeding the demand in the West as their primary means of development. This has broken down, and again, they are likely to enter recession. The next decades of Chinese growth will not look like the previous, in all likelihood.
That is not to say that the US et al are sitting pretty. We are in for a very, very bumpy ride.
I do not have any idea how either side is going to pull themselves out of this. The "stimulus" package won't do much to help - it can't -. |
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Xuanzang
Joined: 10 Apr 2007
Location: Sadang
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| Posted: Thu Jan 29, 2009 6:23 pm Post subject: |
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| suadente - makes sense as many of the ROK AF guys transfer to Korean Air as they get older. |
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mole
Joined: 06 Feb 2003
Location: Act III
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| Posted: Thu Jan 29, 2009 10:34 pm Post subject: |
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| Jandar wrote: |
| mole wrote: |
| Jandar wrote: |
Want some more of this moleblican?
Let me know when your ready Flamebait. |
Persecution complex?
Anyone wagering on how long this tweaker will last in the Land of the Morning Calm? |
Thanks for admitting you were wrong.
I didn't mean to tweak you.
Been in the Morning Calm off and on since '76 put that in yer crack pipe and smoke it, flamebait.
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All right, Old Timer.
A few things may have changed since you last crawled out from under your rock.
I didn't admit being wrong. I suggested, based on your 3 rapid-fire
snotty responses to a cheezy mini-flame from below,
that perhaps you suffer a neurotic disorder called persecution complex.
You didn't tweak me. I called YOU a tweaker. www.tweaker.org
Crack is a waste of good cocaine, and that ain't much fun anyway.
Weren't you that old codger driving the Spirit of '76 Freedom Train? |
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