China has relaxed its Covid-19 restrictions
China has relaxed its covid restrictions. It has announced several changes to its restrictions during the past two weeks. The changes have been quite significant. This decision follows protests from its residents on the impacts of the restrictions on their livelihood and social activities. The relaxation will bring possible...
Democracy is dying
The fact that many people here believe that “social media boost democracy” and that WhatsApp, Facebook, Instagram, Twitter etc, is very prevalent, does not mean that democracy is alive and kicking. On the contrary, it is close to dying. The one characteristic thing about democracy is that power is diffused among the people...
A possible bad year for Temasek Holdings
Temasek Holdings had written off US $275 million in its investment in FTX. During the past 15 years, TH had incurred large losses in some of its investments. In 2008, TH wrote off its $400 million investment in ABC Learning Centers in Australia. There were other bad investments, which raised much concern in the past. Personally,...
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