Taxes
Throughout the first 10 months of fiscal 2017 (Oct 2016 to July 2017), the U.S. federal government collected record amounts of taxes – both individual income taxes and payroll taxes – to the tune of US$2.288 trillion. They collected US$1,312,691,000,000 in individual income taxes and US$976,278,000,000 in Social Security and other payroll taxes. However, […]
... written on Aug 16 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 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 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 2017The land down under was a great place to invest, especially its property or real estate. Parents from neighbouring Asian countries have been pouring billions of dollars snapping up properties – either for investment or for their children’s education. Chinese parents love sending their kids to a foreign country to further their education, and Australia […]
... written on Jul 26 2017Trump administration says the U.S. companies want more access to China’s economy. They wanted to rebalance what they say is an unfair trading relationship. During talks between the world’s two largest economies, U.S. Commerce Secretary Wilbur Ross said China’s US$347 billion trade deficit with the United States was not the product of market forces. “We must […]
... written on Jul 20 2017Najib son of Razak tries to put on a brave face. Initially, he tried but couldn’t. It would take hours for the PR team at Putrajaya to “train” the Malaysian prime minister – psychologically and mentally – not to look nervous and panic. They found that the best way is for Mr. Najib to smile […]
... written on Jul 18 2017Let’s face the fact – jobs are getting scarce while job seekers are getting plentiful. To make matter worse, robots are competing with human for jobs. Soon, burger-flipping will be a job reserved for robot only. Heck, even prostitution would need to fight for their rights as sex robots, thanks to AI (artificial intelligence), are […]
... written on Jul 06 2017Najib son of Razak will soon learn a painful lesson. The Malaysian prime minister will learn the real meaning of “a bird in hand is worth two in the bush”. He should have had honoured the deal that his administration made with IWC-CREC (Iskandar Waterfront Holdings-China Railway Engineering Corp) consortium and let the 1MDB scandal […]
... written on Jun 25 2017
