Finance and Economy
Once 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 2017President Vladimir Putin had tried everything in his power to become United States’ friend. He even refused to retaliate after former President Barack Obama slapped sanctions on Russia last December 2016 over unproven allegations that the Russian president personally directed covert cyber attacks against the U.S. electoral system, resulting in Hillary Clinton’s shocking defeat. […]
... written on Jul 28 2017Unveiled to the public in London today, Rolls-Royce has just introduced its latest model – Phantom VIII – after 14 years since it last updated its luxury flagship beast. Besides Rolex, your best investment is probably the Rolls-Royce due to its appreciation in values, partly due to its limited production units. This is the ultimate […]
... written on Jul 28 2017Singaporeans saw the invasion of a service on Wednesday night (July 26, 2017) which could give local delivery services such as FairPrice Online and RedMart a run for their money. After tons of rumours flying around, Amazon has finally launched its “Prime Now” in the tiny nation of Singapore, its first foray into Southeast Asia. […]
... written on Jul 27 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 2017
