Taxes
Barack Obama’s presidential campaign slogans included “Hope” (2008) and “Forward” (2012). Moving forward, it appears the outgoing 44th President of the United States has achieved his goal before leaving the White House on Jan 20, 2017 – kind of. He has added US$8 trillion (£6.5 trillion; RM35.9 trillion) to the U.S. national debt in just […]
... written on Dec 28 2016Hollande took office in 2012 promising to be “Mr. Normal”, but is forced to exit today as “Mr. Unpopular”. He won his presidency after French people got enough of lavish spending under former president Nicolas Sarkozy. Lived like a king, Sarkozy splurged about US$16,000 per day on food and owns 21 cars that were kept […]
... written on Dec 02 2016Two important positions have been filled. President-elect Donald Trump has hired Republican National Committee (RNC) Chairman Reince Priebus as his chief of staff, a position that could go to Huma Abedin if Hillary Clinton had won the presidency. Priebus’ appointment was a disappointment to people who believe he is a “Trojan Horse.” Certain supporters who […]
... written on Nov 15 2016There’s a new Republican president in town, and its bad news to most of the world leaders who have been worshipping liberalization, globalization, multi-culture and whatnot. Just like Germany, France, South Korea, China, Mexico and even the Pope, Malaysia too had bet on the wrong horse – Hillary Clinton – to win the U.S. presidency. […]
... written on Nov 13 2016After 10 year on top of the chart, Singapore has lost its crown as the best country in the world to do business. Not many could guess the new champion – New Zealand – a boring but beautiful country where the highly successful “Lord of the Rings” films were made. For the year 2017, World […]
... written on Oct 26 2016Budget 2017 revealed by Malaysian Prime Minister Najib Razak was both boring and interesting. It was boring because the scandal-hit Najib tried to hoodwink ignorant people that everything in the garden is still rosy. It was interesting because the shameless Najib finally admitted his administration has successfully dried the country’s treasures. When Najib trumpeted […]
... written on Oct 24 2016Ahead of her first debate with Trump on Monday night at Hofstra University in Hempstead, New York, Clinton has proposed to raise taxes on inherited property – up to 65%. That is totally the opposite of what Republican presidential nominee Donald Trump wants to do if he gets to become the next President of the […]
... written on Sep 23 2016Bill Gross is worth US$2.4 billion, according to Forbes. Although that’s nowhere near Warren Buffett’s US$65.7 billion, Gross is a legendary bond investor who co-founded Pacific Investment Management Company (PIMCO) in 1971. The bond guru and portfolio manager at Janus Capital Management was of the opinion that it was a 50/50 chance that the Fed would […]
... written on Sep 22 2016During the Low Yat Crisis last year, Prime Minister Najib Razak almost made his dad proud. Like his father’s 1969 bloody racial riots, Malaysia was on a brink of its second racial riot. A phone theft involving 2 young Malays quickly turned into a mini racial riot when hundreds more Malays, instigated by thugs under […]
... written on Sep 03 2016Apple has been ordered to pay up to €13 billion (US$14.5 billion; £11 billion; RM58.8 billion) in back taxes, plus interest, to Ireland after the European antitrust regulators ruled that a special scheme hatched between Apple (stock-code: AAPL) and the Irish tax authorities to route profits through Ireland was considered illegal state aid. The commission said Ireland’s […]
... written on Aug 30 2016
