The Link Between Chinese Stimulus, Las Vegas Gambling, and Singaporean Accounting
There is a great Wall Street Journal article about how the rapid increase in high stakes Chinese gamblers in Las Vegas is prompting money laundering concerns. Given that Chinese citizens are only legally allowed to take $50,000 USD out of China a year, how can they wager up to $400,000 USD in Las Vegas? There are three things...
New brand of Internet politics emerges in a changing S’pore
Political values implanted by Mr. Lee Kuan Yew are eroding in the face of a changing Singapore. POLITICS in Singapore has moved from collective consensus to – disturbingly for the government – a divisive, intolerant and quarrelsome phase. It is erasing some of the political values implanted on the population by former prime...
Lee Kuan Yew then and now on foreign influx issue
Mr Lee Kuan Yew At the National Day Rally in 1971, about 40 years ago, then Prime Minister Lee Kuan Yew said: "But, mind you, there still has to be the road sweeper - the chap has got to collect your garbage. We have to mechanise because our young men, having been to school, they don't want to do that. So, we now have work-permit...
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