Is America moving towards socialism out of necessity?
The US stock market rallied last night because the Fed is buying individual bonds. In effect, they are converting many businesses into state owned enterprises. It may not be fully state-owned, but the state may be holding a substantial stake. This is an interesting phenomena. It is a modern way of nationalization. America is...
When you’re poor, what’s due to you is a cost
I Got Scammed by a Media Masterstroke. After expressing my delight that Singapore’s Sunday Times published a news snippet stating that eight out of ten Singaporeans were willing to pay more for essential services if it meant giving the workers more money, I’m now disturbed. You could say that after a decade of dealing with...
PAP and value of our assets and investments
Last week, I was reminded by a friend that many Singaporeans believe that should the People’s Action Party (PAP) lose its majority in a general election, (something that I am willing to bet will not happen in the next general election), their assets and investments will fall in value. I told my friend that even with the PAP...
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