A Physicist Looks at the Financial Governance 2
Part 2 – Liabilities It is a good idea to begin the discourse with a definition. In view of Article 2 (see Part 1 - 'A Physicist Looks at the Financial Governance 1'), one may either think of reserves as adjusted assets or assets as adjusted reserves. The Constitution defines the liabilities. Article 142(4), Constitution...
A statistical analysis of the SMRT strike? – Balancing Growth, Foreigners & Meritocracy
I refer to the articles “Pay rise for Chinese drivers stays at $25” and “SMRT bus driver jailed six weeks over strike” (Straits Times, Dec 4). A great deal has been written about the SMRT drivers’ strike. I thought it may be interesting to try to do an analysis of the issue from a statistical perspective. Bus drivers’...
Bus strike exposes dilemma of contract workers
One of the practices which has been exposed as unfair by the recent bus strike by the SMRT drivers from People's Republic of China (PRC), is how workers wages and working conditions can be unfairly skewed to favour the employers, bypassing workers' collective agreements. SMRT maintains that the wages of its Chinese workers,...
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