LKY was wrong on service jobs/ Lessons from the Foxes
I was recently at my barber and it reminded me that LKY was talking cock about service jobs. Many yrs ago he said that service jobs like cutting hair and waiting at tables could not be exported i.e. locals could not lose their jobs doing these things. (He was talking when the disk drive manufacturers were relocating out of S’pore,...
Heard this excuse from your egg seller?
On why the price of eggs are up? From NYT Dealbook CHINA LENDING SENDS EGG FUTURES SOARING China has poured hundreds of billions of dollars into its economy in a bid to support growth and a lending deluge has sent money into some unexpected places,Neil Gough reports in DealBook. At a financial market in Dalian, where investors...
The end of the Oil Age (Part 2)
Global trade depends on shipping that carries 90% of international trade. And a healthy part of it goes through Singapore. But with the new silk road linking China with Europe through Central and Western Asia, and with the Arctic ice melting and possibly creating a new ship route, Singapore as a shipping hub is under threat...
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