Writing on the wall – Beware your pockets
If the forum pages of the main media are an indication of what is over the horizon, I am fearful of what is in the pipeline. The main media has rightly been perceived as the sounding board for govt policies, what the govt has in mind is often tested first in the media for a ground feel or to signal what is coming next. And the...
The largest financial discrepancies in history ever!
Dr Christopher Balding Singapore public finances contain the largest unexplained financial discrepancies in human history. That may sound like a grandiose rhetorical bombast, but it is a completely and entirely accurate description of existing data. Using nothing more complex than addition, subtraction, compounding interest,...
PAP’s welfare politics vs global economic outlook (1/2)
Welfare or Pork Barrel Politics? A sudden special $500 ‘one-off” sweetener piggybacked on the mid-year Annual Variable Component (AVC) of 0.5 month bonus announced by the Public Service Division on 17 June 2015 did NOT come as a surprise to me. Packaged as a S50 celebration gift, it is neat and avoided the political embarassment...
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