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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsUS makes largest residential sale in Mumbai history
https://www.washingtonpost.com/news/worldviews/wp/2015/09/14/u-s-is-selling-its-seaside-palace-in-india-for-113-million/Though at the rate real estate is appreciating, don't expect the record to hold long. This sale dragged on for so long people were worried it was just going to fizzle. But, happily, the property finally moved. It's a beautiful building, but it didn't meet OSHA or ADA requirements, and was a complete money pit.
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US makes largest residential sale in Mumbai history (Original Post)
Recursion
Sep 2015
OP
djean111
(14,255 posts)1. I hope he had the cash. The new "trade" agreements will be going after anyone who makes
low-cost serums and vaccines and such. New Corporate world order and all that.
Recursion
(56,582 posts)2. Funny story: property sales have to be in non-convertible rupees
So that money stays in India. Clever, that. But, that will fund local capital improvements for a while, so it's still a good thing for taxpayers.
djean111
(14,255 posts)3. That is clever. And right. Bet the TPP goes after that stuff, too, though. n/t
Recursion
(56,582 posts)4. Probably why India would never join the TPP
Though I haven't heard of any limits on capital controls in what's leaked. Not that anything would surprise me at this point.
djean111
(14,255 posts)5. I know India is being pressured, and that they know their generic pharmaceuticals are a target.
The attempt to paint these "trade" agreements as just trade between countries is reprehensible. This is just global corporations ensuring that everyone gets paid the least and must pay the most.