Economic loss following a bad decision
One cruise was called back a day earlier due to an infected passenger (it turned out to be a false alarm). 1,600 passengers spoiled their holiday. The next cruise was cancelled. Perhaps another 1,600 passengers spoiled their holidays. All for what? For over reacting to a mild infection. The common sense approach is to confine...
Hey ToTo – I don’t think we are in Kansas anymore
Say what you like about the Singapore government but it is, for certain issues consistent. The famous issue is the issue of drugs. The government makes it very clear that it has zero tolerance for drugs on Singapore’s sovereign territory and the death sentence was until recently mandatory for all “drug dealers.” We make...
Wake Me When Davos Is Over
If you read Adam Smith in the "Wealth of Nations" you will find that he recommends to be careful of the capitalists when they get together in clubs: they all conspire to rise the prices of their goods. He wrote that "People of the same trade seldom meet together but the conversation ends in a conspiracy against the public, or...
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