Housing debt slavery : How it can occur….
My friend who is an economist was terrified when he bought a private condo. He and his wife were thrifty penny pinchers who paid down the housing loan as fast as possible. Why was he so fearful? Being an economist he knew a lot of economic history and knew that many things can go wrong when one has a large debt. Somehow these...
Australian FT: I become PR to buy HDB so as to avoid paying high rentals
The Straits Times recently published a news report ('More Australians Choosing to Move to Singapore', 28 Nov 2011) boasting that Singapore has emerged as Australians' fastest-rising destination. There were 88,000 departures from Australia last year and Singapore overtook Hong Kong to become the 4th biggest destination for...
US bank Morgan Stanley attempt to use Singapore court
Pinnacle Notes : Morgan Stanley ordered to halt attempts to block lawsuit After DBS won its lawsuit in Singapore, Morgan Stanley wanted to block the Pinnacle Notes lawsuit in US using a Singapore court. A US judge in New York tells them they can't do that. There are a number of reasons why they want the lawsuit to be fought...
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