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Harvard Don: The poor suffer most from immigration as competition reduces wages

Harvard Don: The poor suffer most from immigration as competition reduces wages

(10 Apr) - The poorest and least-skilled in America suffer the most from legal and illegal immigration as competition for jobs reduces wages, according to a new report by a leading immigration economist. Harvard economist George Borjas spoke about his report on immigration and its effects on the U.S. worker in a Tuesday conference... 

Why our saving rates are among highest in the world but we have no money for retirement?

Why our saving rates are among highest in the world but we have no money for retirement?

THE editorial ("Avoiding retirement time bomb"; April 1) raises crucial questions. How did we end up with a retirement time bomb when our saving rates are among the highest in the world? Are Singaporeans not saving enough or are they being inadvertently marginalised? Do Central Provident Fund (CPF) savings provide too little... 

Temasek owned FTS International swings from hefty profit to losses in 1 year

Temasek owned FTS International swings from hefty profit to losses in 1 year

(8 Apr) - FTS International Services, formerly Frac Tech, swung from a hefty profit in 2011 to a loss of $29.8 million as revenues slid 18 percent to $1.9 billion, the Fort Worth-based hydraulic fracturing service company reported. The company said it kept its 34 fleets of fracking equipment busy all year, doing more fracturing... 



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