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...
Singapore continues to be plagued by a government that leeches itself on the economy
I’ve said it many times before and I’ll say it again: Singapore continues to be plagued by a government that leeches itself on the economy, sucking the lifeblood out of the workforce. Now, having opened Orange & Teal (O&T), I can speak from first-hand experience how the People’s Action Party (PAP) continues this...
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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