Word: landings
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Mark Twain and Will Rogers shared a sentiment. As Twain said, "Buy land, they're not making it anymore...
...would have been interesting to ask each man what he thought about the value of the toxic assets on bank balance sheets. Unlike land, toxic assets can multiply. And, unlike land, the value of toxic assets may never rebound, although analysts differ on that subject. (See pictures of Mark Twain...
...Buying land may be complicated because fraud is sometimes difficult to detect. Land in the ocean could be sold as dry land, but confirming the status of real estate is not outside the scope of the federal government's ability to invest its own money wisely. There might even be thousands of new jobs created for "land inspectors" who have, as their sole duty, ascertaining whether a piece of property exists...
...there are strong arguments to thwart the doubters. Toxic assets may never be worth close to the government's purchase price. The most serious problem is that taxpayers may never see any return at all on that capital. That case cannot be made about land. Keeping up property owned by the government is employment worth creating because it hastens the time that the property can be viewed as valuable and salable. The federal government plans to rebuild monuments in Washington at an estimated cost of $400 million. This money might be better spent on maintaining real estate bought as part...
...without risking American lives. Similarly, if the People’s Republic of China were to threaten the Republic of China on Taiwan—as it did during 1996, when Taiwan held its second free presidential election—the Raptor could provide an important deterrent against Chinese land-based aircraft...