Taxes
U.S. stocks tumbled on Monday, with the Dow Jones Industrial Average (DJIA) dropping to an 18-month closing low that saw the blue-chip benchmark briefly plummet more than 1,000 points. It closed down 588 points, but not before it created a moment of panic when it went down as much as 1,114 points during the early […]
... written on Aug 25 2015Flashback: From a record low of RM2.10 to US$1 in October 1978, the Malaysian Ringgit hit its all time high of RM4.73 to US$1 in January 1998. Prior to the infamous Asian Financial Crisis, the ringgit was trading at about RM2.40 to a US dollar in 1997. Nobody could have predicted the type of economic […]
... written on Aug 17 2015The U.S. federal government is reportedly hit another record in tax collection. The first 10-months of United States fiscal year 2015 (Oct 1, 2014 through the end of July 2015) saw a mind-boggling tax revenues of US$2,672,414,000,000. The figure released by Treasury means a new record in federal taxes. In case you still couldn’t […]
... written on Aug 13 2015Will Donald Trump emerge “unexpectedly” as the next President of the United States? Perhaps “The Simpsons” has the answer. The Simpsons have a great track record of making predictions that come true years later. The popular American animated sitcom has predicted the future accurately for at least 14-times. There were predictions about Ebola Virus, […]
... written on Aug 10 2015Before the currency stop trading for the weekend, the Malaysian Ringgit was trading as high as RM3.9530 to a U.S. dollar. After the closing bell, it settled at RM3.9220 to a buck. So, does this mean RM3.90 is a new support level and the ringgit can never strengthen to RM3.80 anymore, at least for the […]
... written on Aug 10 2015Saudi Arabia is starting to learn the real meaning of “what goes around, comes around”. It’s a public knowledge that Saudi Arabia had funded the 9/11 attacks, and they were pretty happy about their ability in creating havoc against the world’s superpower. Unfortunately they couldn’t control and contain the monster that they’ve created. What did […]
... written on Aug 06 2015The 1969 bloody racial riots were started by Tun Abdul Razak, together with Selangor Chief Minister Harun Idris, in a coup d’état against the first prime minister Tunku Abdul Rahman. This year, 46-years later, the same mastermind’s son – Najib son of Razak – is not only tainted with multi-billion dollar corruption, but also hit […]
... written on Jul 16 2015Last October, a gangland feud reached its climax when a gangster fellow lobbed some grenades, as if they were hamburgers, at Cherry Blossom nightclub in their attempt to kill another triad “Taikor”. Kuala Lumpur Police, of which its HQ located just a stone’s throw away, swung into action. Nine months later today, not a single […]
... written on Jul 13 2015Are these clowns playing a childish game meant for 5-year-old kids? First, the Greeks pride got the better of its debt, so Prime Minister Alexis Tsipras rejected a bailout offer, which he has dismissed as a “humiliation” for Greece. Despite economic chaos because the country was running out of money, hero Tsipras was adamant about […]
... written on Jul 10 2015Today, Malaysian ringgit hits another new low – RM3.8348 against the U.S. dollar, before settles at 3.7974. As expected, Bank Negara (Central Bank) has been working extra hard to ensure the local currency doesn’t breach above RM3.80 psychology level. But for how long can Governor Zeti keeps pumping foreign reserves to support the ringgit? […]
... written on Jul 09 2015
