Global Finance – Ismail Lagardien

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The three German fears
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There is no exit for dictators
In an interesting paper he tweeted yesterday, Kaushik Basu discusses, using a mathematical model, an old problem: how rulers once they are in power cannot leave it even if they wish to do so, because their road to power, and in power, is littered with corpses that will all (metaphorically) ask revenge […]
On general futility of political discussions with people
Over the years I have had political and ideological discussions with at least three groups of people and have concluded that these discussions are, almost entirely, futile in making people either see things differently, or acknowledge that others may see things differently, or -God forbid-- change their opinions however slightly. That of […]
Why is the Serbia-Kosovo situation globally serious?
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The red bourgeoisie
June 3, 1968 was a beautiful late Spring day in Belgrade. The school year was just about to end, and, for me the best days were about to begin: until the mid-July when many of my friends who had either relatives in the village or second homes on the seaside would go on […]

Daily Debrief: What Happened Today (Dec 8)
Stories you might have missed
Genting Singapore’s Resorts World casino fined S$2.25 million for due diligence lapses
GENTING Singapore’s Resorts World Sentosa has been slapped with financial penalties of S$2.25 million for lapses in performing customer due diligence measures for certain transactions for three years from December 2016.
More people in hospital with Covid-19 as infections climb to highest number in Singapore in 2023
COVID-19 infections and hospitalisations are increasing, putting a strain on hospitals here.
Singapore scores first carbon credit transfer deal at COP28
CARBON credits from Papua New Guinea will make up the pool of credits Singapore’s high emitters can use to offset up to 5 per cent of their taxable emissions from 2024. This is when the carbon tax rate rises to S$25 per tonne of emissions, from the current S$5 per tonne.
Some shops run out of ART kits as Covid-19 cases rise in Singapore
SOME pharmacies and stores have run out of antigen rapid test (ART) kits in the wake of rising Covid-19 cases here.