We have the fourth highest military spending per capita in 2008 (US$1,625/person), according to the chart below from The Economist. The chart is based on data from Stockholm International Peace Research Institute, which said that global military expenditure rose by 4% in 2008 to a record US$1.46 trillion. So much for the recession… Defense budgets… Read More: Don’t fuck with Singapore »
If you have been following this blog, you will notice that I haven’t updated for a while. The reason is simple. Access to my Blogger account has been blocked since May 15 by the Great Firewall of China, perhaps in anticipation of the Tiananmen anniversary on June 4. (The proxy server that I have been… Read More: Blogger blocked ahead of Tiananmen anniversary »
I’m beginning to tire of Geoff Colvin’s anti-government stance in his regular Value Driven column in FORTUNE magazine. In a recent piece (“Will the Motor City Shakeup Work?“, April 27), Colvin argued that General Motors‘ fate has less to do with the new CEO Fritz Henderson than with the restructuring model the US government is… Read More: Colvin’s rant against government intervention »
Read the following comment in some forum (can’t remember which): “When it’s boom time, invest. When it’s down, withdraw. Why risk the money? OUR MONEY. Even with inflation, my portfolio of saving accounts and fixed deposits outperformed Temasek. Didn’t yours?” Related post: Does Singapore have the right people?
You can fool most of the people most of the time, but eventually you’ll get found out. Temasek takes severe hit By Thanong Khanthong The Nation Published on February 9, 2009 CEO Ho Ching’s exit won’t alter fortunes of the sovereign wealth fund in short term Ho Ching’s resignation as CEO of Temasek Holdings would… Read More: Ho ho ho »
The UK government has proposed a £20 levy on every household using broadband to help offset the costs of piracy, according to an article at TimesOnline. What amazes me is that the authorities do not seem to realise that such a levy is counterproductive. If someone has been a pirate, quitting now will not make… Read More: Presumed guilty »