Finance and Economy
Kim Jong-un has backed off from firing at least 4 missiles on Guam, an attempt to supposedly surround the U.S. territory with “fire”. Nobody believed the dictator would follow through with his threat in the first place though. But it was a relief; with some American news media celebrate the cancellation as a victory to […]
... written on Aug 15 2017Commonwealth Bank of Australia has attracted global attention for the wrong reason. The Australia’s biggest mortgage lender will see the retirement of its CEO Ian Narev after 6 years running the bank. The bank was caught in money laundering activities – 53,700 times – therefore, breaching anti-money laundering laws in the country. There’s little […]
... written on Aug 14 2017As a small business owner, one of your new tasks will be to hire employees to help you run your company. If you haven’t done this before, you may be wondering what responsibilities you have as an employer. Fortunately, we’re going to go over all of the steps necessary so that you know how to […]
... written on Aug 12 2017After launching MRT (Mass Rapid Transit) and bragged that the train system was a gift to the people of Malaysia, as if he paid the RM50 billion project from his own pocket and people could use it for free, Prime Minister Najib Razak launched another mega project – RM55 billion ECRL (East Coast Rail Link) […]
... written on Aug 11 2017Once upon a time, before the invention of smart phones and tablets and electronic games, Monopoly was one of the best games – ever. Perhaps it was the only game to educate kids (and even adults) about financial freedom and savvy investment. The ultimate objective is to become the richest player – by owning as […]
... written on Aug 08 2017American consumers have gotten themselves into a bigger and scarier financial trouble than before. They’ve just created a new record – highest credit card debt in the history of the United States. A report by the Federal Reserve on Monday confirmed that Americans had accumulated US$1.021 trillion in outstanding credit card debt in June 2017. […]
... written on Aug 08 2017U.S. stock markets have gone bonkers. The Dow Jones Industrial Average ended at its 8th straight record high on Friday. The DJIA is now at record high – above 22,000 – and already people are talking and singing about 23,000, and beyond, as if the musical chairs game will never stop. It will stop eventually, […]
... written on Aug 07 2017China’s highly secretive 19th National Congress has begun. The Middle Kingdom might be a one-party system ruled by the Chinese Communist Party. But that doesn’t mean there isn’t any political power struggle within the powerful Chinese party. Nobody knows for sure who gets promoted and who doesn’t. The process of leadership change in China is […]
... written on Aug 04 2017This country is so screwed up that it couldn’t even pay US$600 million of debt to IPIC (International Petroleum Investment Company), Abu Dhabi’s US$80 billion sovereign-wealth fund. After the deadline on Tuesday, IPIC has given 1MDB (1Malaysia Development Berhad), a fund set up by Prime Minister Najib Razak himself in 2009, five more days to make […]
... written on Aug 02 2017Tesla was briefly the most valuable car company in United States, until Americans realized that the company was nothing but junk – production delays, technical issues, horrible sound insulation, sunroof leaking, buggy door handling, terrible interior quality and the list goes on. That’s a long list of bugs for an expensive car such as Model […]
... written on Jul 30 2017
