
Why Moody’s downgraded S’pore banks
(6 Aug) - Last week I read a rather disturbing story in the financial news. According to the article Moody's, the rating agency, downgraded Singapore's banking sector from "stable" to "negative." Singapore? Last September I wrote about problems with banks in several emerging markets, but Singapore was not on the list. It has...

U.S. issues global travel alert, to close embassies due to al Qaeda threat
A global travel alert issued Friday by the State Department warned al Qaeda may launch attacks in the Middle East, North Africa and beyond in coming weeks, a threat that prompted Sunday's closure of 21 embassies and consulates. The U.S. government's actions are in response to growing intelligence that shows a potential for attacks...

Singapore Needs A New Sling
(20 July) - Over the past half century, the tiny city-state of Singapore has developed arguably the most successful formula for growth and social uplift on the planet. Like the famous Singapore sling — a tropical cocktail blending gin, grenadine, sweet and sour mix, cherry brandy and club soda — the city’s mandarins created...
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