F1 Nonsense, Privatizing Profits Socializing Costs
I happened to drive to Suntec City this evening but to my horror, entrances to Suntec and some other roads are blocked! Quite a number of policemen and traffic police were deployed there, presumably for traffic control for the whole day. I asked the police officer why are they still blocking these roads? He said they have to...
New 5-year work pass for top earners
I refer to the report, “New 5-year work pass for top earners, shorter time to hire foreigners among move to draw talent: MOM” (TODAY, Aug 29). I am glad to learn that the 2021 Global Talent Competitiveness Index (GTCI) report shows Switzerland, Singapore and the United States continue their strong lead in talent competitiveness. It...
There is nothing catastrophic about a recession
The central banks kept interest rate too low and printed too much money during the past decade. This has led to high inflation. The war in Ukraine, together with the pandemic, made the situation worse. The central banks have now increased interest rate sharply. They wanted to fight inflation. This is expected to cause an economic...
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