[Bloomberg] Giant Sucking Sound? That’s Singapore Retail
The giant sucking sound building up in Singapore's empty shopping aisles just got louder. After a 174-year run, John Little, a well-loved department store, plans to shut down by January. Completing the karmic circle of birth and death, Amazon.com Inc. may start operations in the city in the first quarter. That's scant comfort...
Why Trump may not be as protectionist as his campaign rhetoric suggest
Here is a reason why I think Trump may not be as protectionist as his campaign rhetoric suggest. Let's look at the fiscal stimulus. The infrastructure spending plan is around US$550b spread over 5 years - a boost to the GDP by 0.5% a year. His campaign tax plan to benefit both households and business adds another shot of 4%...
Why anti-PAP supporters should not rejoice in an era of Brexit and Trump victory
Not so fast. Can't discount 50 years of PAP induced utilitarian voter psychology. Money walks, talks, makes Singaporeans forever grateful for pieces of crumbs. Politics of tax and spend, distribution and redistribution are entirely alien to politically uneducated Singaporeans. Jokes aside, the bankruptcy of centre-right and...
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