Finance and Economy
Straits Times news media, the mouthpiece of the Government of Singapore, has suddenly fallen in love with the Malaysian new government. Ever since the collapse of the old Najib regime, the Singapore media has shown unusual fetishes for Mahathir administration. The media has increasingly demonstrated that they are being fed insider information by intelligence agency. […]
... written on Jul 23 2018While dirty money or money laundering scheme can be easily made legitimate, the same cannot be said about money plundered or stolen via corruption – especially by politicians. In other words, it’s easier for drug dealers to launder their drug money than politicians to legitimatize their ill-gotten money. The biggest difference between them is the amount of money […]
... written on Jul 21 2018Earlier this month, the United States imposed tariffs on US$34 billion worth of Chinese imports. President Trump it was a punishment for Chinese theft of IP (intellectual property) and other unfair trade practices. Amusingly, Trump warned China not to retaliate. Immediately on the same day, China did exactly that – slapping taxes on the same […]
... written on Jul 21 2018There were two big declines in crude prices – last week and on Monday – despite analysts forecast of a decline of 3.622 million barrels in U.S. inventories for the week through July 13. Turns out, a surprise crude oil oversupply of 629,000 barrels in U.S. crude stockpiles occurred, as reported by the American Petroleum […]
... written on Jul 18 2018UMNO, the Malay nationalist party which was defeated in the most shocking and humiliating way one can ever imagine, is in self-denial and self-destruction mode. That’s quite sad considering it had been in power for 61 years since independence in 1957. Although many think UMNO deserves to perish for good, the fact remains it is […]
... written on Jul 16 2018North Korea slammed what it called the US’ “gangster-like mindset” during the denuclearization talks last week. The hermit kingdom has claimed that the “attitude” of the U.S. was regrettable and not in the spirit of the June 12 summit in Singapore between President Donald Trump and North Korean leader Kim Jong-Un. The accusation came […]
... written on Jul 12 2018Picking up a stick and uses it as a gun is what young children would usually do. The dramatic play can lead to wonderful learning. It’s an important part of early childhood development, as teachers would tell you. With Made-in-China fake plastic guns getting cheaper, it’s hard to imagine if kids nowadays still use sticks […]
... written on Jul 11 2018Turkish President Recep Tayyip Erdogan has named his son-in-law as the country’s finance minister after being sworn in to another five-year term, and the financial markets aren’t impressed. The country’s stock market and currency Lira fell after Berat Albayrak was named as Turkey’s Finance Minister on Monday. And it isn’t hard to understand why. […]
... written on Jul 10 2018Trump is perhaps one of the luckiest U.S. presidents. He gets to nominate a judge to the U.S. Supreme Court – twice. And he has nominated 53-year-old Brett Kavanaugh to replace retiring Justice Anthony Kennedy, who often sided with his liberal colleagues on issues such as abortion and LGBT rights. Kavanaugh’s nomination will definitely strengthen […]
... written on Jul 10 2018He was appointed to overseeing the United Kingdom’s exit from the European Union. Yet, his boss – Prime Minister Theresa May – was such a weak leader that she was willing to sellout the nation in order not to offend the EU. Brexit Secretary David Davis has dropped a bombshell – quitting the May government […]
... written on Jul 09 2018
