TR EMERITUS

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... 

Earlier this summer, I wrote about the International Monetary Fund restating the historical Singaporean public surplus by an astounding $158 billion SGD.  The IMF increased the size of the Singaporean government surplus from $271 billion SGD to $429 billion SGD between 1990 and 2010.  Most interestingly, the increase in the... 

Temasek Holdings (25 Aug) - Establishing a sovereign wealth fund requires a country to have healthy revenue sources and a sound management structure, otherwise it could fail as a tool for addressing foreign capital inflows and seeking a higher rate of return on assets, says Christopher Balding of Peking University's HSBC Business...