Let’s embrace a living wage
(17 Nov) - The former governor’s regular shroud-waving predictions of years of toil and struggle for little reward resonated with the daily grind of bill-juggling and coupon-cutting. London Mayor Boris Johnson has backed the Living Wage [AFP] I must confess, therefore, to finding the upbeat state-of-the-nation assessments...
MAS may have nudged India’s FTIL to exit SMX
Jignesh Shah's FTIL is the parent entity of NSEL, which is struggling to meet its settlement obligations amounting to Rs5,600 crore. (20 Nov) - Jignesh Shah-owned Financial Technologies-India (FTIL) on Tuesday announced that it has sold its 100% stake in Singapore Mercantile Exchange (SMX) for $150 million to Intercontinental...
China’s private debt grows from $9T in 2008 to $23T now
Chinese Black Dragon. Photo by Angelus (26 Nov) - When it comes to reckless money creation, it turns out that China is the king. Over the past five years, Chinese bank assets have grown from about 9 trillion dollars to more than 24 trillion dollars. This has been fueled by the greatest private debt binge that the world has...
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