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Gambling is an addiction just like drugs...once LHL introduced casinos it is as good as introducing drugs like cocaine...some studies show that casini gambling even more addictive than deugs for somw people.
there are always new addicts it is never ending ....never ending stream of families...
http://www.sgx.com/wps/wcm/connect/sgx_en/home/market_info/short_sale/short_sale_daily/DailyShortSell20150515.txt
18M shares shorted on Friday....the headline earnings disappointment news has drawn traders to short the stock.....
Like I said quarterly earnings is easily "played with" to...
Ask yourself this simple qn, after the poor results would the average investor and general public be buying or sellinv the stock? Just do the opposite.
Based on LVS results, the genting will do much better next quarter. There is a lot of flexibility in our accounting rules which is meant for...
http://thediplomat.com/2015/02/soft-repression-the-struggle-for-democracy-in-singapore/
Singapore is a curious anomaly within political science. In its status as the wealthiest non-democracy in history, many have anticipated the outcome of the next general election as a watershed moment for the...
1. Scheme like social security and CPF are suppose to provide for
retirement financing.
2. Now that the PAP failed to operate these schemes properly,
they resort to tap the housing wealth of Singaporeans.
3. Its not that the elderly want to take up reverse mortgage but they need to...
Today 03:00 AM Post: #1
sgbuffett
Elite Member
Posts: 6,352
Reputation: 34
Our pioneers are identified as those who are 65 or older this yr
when Singapore tuher world, the pioneer generation includes those who were 16 and above, the day Singapore was born.
In those days, due to lack of...
http://www.youtube.com/watch?v=y9YL4b_vzL8
Today 7% of HK elderly above retirement age have to work vs 21% in Singapore. The 2 govts have taken on different philosophical stance on the issue. In HK, the govt wants to protect elderly who are frail from having to work and aims to provide a basic...
Last week MP Gerald Giam brought up an important observation
abt Medishield in the last 10 yrs the scheme only pay out 66cents for every dollar collected worst than all public medical insurance in the world. Without front loading designed in medishield the risk pooling is within each age group...
http://i.imgur.com/knvsBI3.png
Assume the inflation rate of 3% which is the inflation rate of past yrs (this is highly conservative as prolonged use of QE and low interest risk spurring elevated inflation.in the coming years)
Assume a nearly incompetent manager is hired to manage the funds and...
T
When the pap implement forced savings close to 40%
of a person's salary, it effectively takes over
responsibility to manage the funds well.so that the person can retire.
The person loses control of a
large portion of money he earns and the ability
to save for retirement with this...