“The Market for Lemons” & ‘Foreign Degrees’
The Economist is running this week with ‘Six big economic ideas: a collection of briefs on the discipline’s (economics) seminal papers’. I will use some of these ideas to offer a different way to look at our current conundrums. George Akerlof, “The Market for Lemons”: Akerlof used the 2nd hand car market to illustrate...
Elected President – Pandora box or a can of worms?
The minority President issue is now the top agenda of Hsien Loong. From what he said and the publicity given to the issue, the amount of effort and resources poured into this black hole, he is adamant to see it through and there is no stopping it, come what may…unless. Raising this racial issue of protecting minority representation,...
SMRT shareholders offered a bad deal by Temasek, company now worth a lot more
CNA’s ”SMRT shareholders to vote on Temasek buyout on Sep 29” expectedly urged SMRT shareholders to vote in favour of Temasek taking over SMRT at $1.68 per share. CNA’s interest is aligned with Temasek’s because it is owned by Mediacorp, which is in turn 100% owned by Temasek. So much for objectivity. Five days prior...
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- PAP mandate strong on The rapidly spreading HMPV virus you haven’t heard of
- PAP mandate strong on Public Housing HDB
- 50 year-leasehold on Public Housing HDB
- Liar on Public Housing HDB
- Sporeans Keep Govt Employed on The rapidly spreading HMPV virus you haven’t heard of
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