TR EMERITUS

A ponzi scheme promises a high return, but is not backed by actual earnings. It gives a high return by taking the money from the later investors to pay the earlier investors. The USD now gives a high return. The US government does not collect sufficient taxes to pay the return. Instead, it prints more money and uses it to pay... 

I read with solemnness, sadness and deep sympathy the report, “She wanted me to suffer for life: Maid blinded by abusive Singaporean employer“ (ST, Oct 31). In the case of Ms Sugiyem Samad Radimah, she came all the way from Indonesia to Singapore to work as a domestic worker in 2020 for the purpose of supporting her poor... 

I refer to the Editorial, “Making adjustment as inflation persists” (ST, Oct 29. On Oct 25, it was reported that core inflation, which excludes accommodation and private transport, rose to 5.3 per cent in September from 5.1 per cent in August, while all-items inflation remained elevated at 7.5 per cent. Both are running...