Finance and Economy
Bill Gates is Microsoft, and Microsoft is Bill Gates. Despite being one of the most generous philanthropists, Bill Gates is still synonymous with Microsoft. The Bill & Melinda Gates Foundation has given away US$30 billion since 2000. If he would’ve given that amount of money equally to 30 persons, that’s 30 new billionaires in this […]
... written on Jan 30 2015You have heard of Big Mac Index, a semi-humorous way of measuring the purchasing power parity between two currencies using McDonald’s hamburger as the main product. But have you heard of Lipstick Index? It is a term coined by Leonard Lauder, chairman of the board of Estee Lauder, to describe sales of cosmetics during the early 2000s recession. […]
... written on Jan 28 2015China is awash with fakery products, from iPhones, pirated DVDs, knockoff Louis Vuitton bags, baby diapers and whatnot. In 2012, a creative Chinese, Lin Chunping, took fakery to a new level. The rice trader became overnight superstar when he invented a U.S. bank and claimed he bought it, with even state media reported about his […]
... written on Jan 28 2015Say what you like about American war films or movies, but they’re really good in telling stories about good guys, who happen to be Americans, killing off bad guys, who most often are non-Americans. Who can forget the 1960s television longest-running World War II drama – “Combat” – where the good guys U.S. platoon fighting […]
... written on Jan 27 2015Saudi Arabia’s King Abdullah has died at the age of 90. The Royal Court said in a statement broadcast across the kingdom that King Abdullah bin Abdulaziz al Saud had died at exactly 1:00 a.m. Friday. King Abdullah became king of the oil-rich nation, a key U.S. ally in the Middle East, in August 2005. But […]
... written on Jan 23 2015If you’ve ever hidden money or a purchase from your spouse, you would be in deep trouble, during ancient civilization. But today, the sensitive issue of people hiding money from their spouses is gaining popular. So, if you’ve ever done so and were too afraid to tell your other half about it, now is the […]
... written on Jan 22 2015If Jack Ma has become the new richest man in China, there’s a new richest man in Singapore too. Does the name Mr. Goh Cheng Liang ring a bell? Most probably not, simply because this billionaire is an incredibly low-profile person. In fact, the last time he talked to the press was in 1997, almost […]
... written on Jan 19 2015Swiss-made watches have become more expensive over night. Swatch watch group which sells brands such as Omega, Tissot, Longiness and Calvin Klein was trembling at the sudden change of event. So did Richemont, which owns Cartier, Chloé and Montblanc. Shares of Swatch Group tumbled 15% while Richemont was down 14%. If you happen to collect […]
... written on Jan 18 2015About 10-years ago in 2004, United States had 274 billionaires while China only had pathetic 3 billionaires. Fast forward 10-years later in 2014, America was still the champion with 492 billionaires. However, China had improved unbelievably with 354 billionaires – 388 if you care to include billionaires from Hong Kong – an achievement of a […]
... written on Jan 14 2015To many tycoons, 2015 is just another ordinary new year. But to Li Ka-shing, this year is his 17th consecutive year as the Hong Kong’s richest man. He increased his wealth by US$1.5 billion, largely due to hefty dividends. According to Forbes, as of January 2015, Mr Li, also known as Asia’s Superman has a […]
... written on Jan 10 2015
