Greece, creditors struggle to avoid costly default

Greece, creditors struggle to avoid costly default
01:45 PM Jan 18, 2012
ATHENS - Greece goes head to head with its creditors today in a renewed attempt to break a deadlock in negotiations to slash the country's debt and stave off default.
International private sector creditors represented by the Institute of International Finance (IIF) are set to meet the government in the afternoon. Talks broke down on Friday over the interest rate Greece will offer on new bonds and a plan to enforce investor losses.

Bus hubs currently the priority and good progress made: Josephine Teo

Bus hubs currently the priority and good progress made: Josephine Teo
04:45 AM Jan 18, 2012
by Sumita Sreedharan
SINGAPORE - Bus speeds have decreased slightly because of an increase in ridership, Minister of State for Transport Josephine Teo revealed in Parliament yesterday.

Subject: HYPERINFLATION IN ZIMBABWE..

Subject: HYPERINFLATION IN ZIMBABWE.. [pls click for source URL]
In this world, everybody is rushing and chasing for the money.... Some people fighting and killing each others just because of money... In Zimbabwe , all the peoples having a lot of money but they're poor.... WHY ??

500 million note, just printed in May 2008.....everybody can have it....maybe just nice for 1 breakfast/lunch (equal to about USD 2)

[TDY]: KY Gan: Ministerial Salaries NOT a matter of conscience.

KY Gan: Ministerial Salaries NOT a matter of conscience.
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 Whip to be in place for ministerial salaries debate
04:47 AM Jan 12, 2012
by Neo Chai Chin
SINGAPORE - The whip will be in place when Parliament debates a new formula for ministerial salaries on Monday, said Government Whip Gan Kim Yong in response to a query from Today.
"There is no intention to lift the whip. We would only do so if the subject is a matter of conscience," he wrote in an emailed reply yesterday.

Multi-property owner speaks up

The Straits Times, Published on Jan 5, 2012
Multi-property owner speaks up
I AM put off by the latest round of cooling measures ('Property curbs could hurt economy: Redas'; Dec 28).
I am a Singaporean and own three private properties. I studied hard. I work hard. I employ Singaporeans and contribute to the economy. I pay annual taxes that amount to what some earn in a year.

Property curbs could hurt economy: Redas

The Straits Times, Published on Dec 28, 2011
Property curbs could hurt economy: Redas
Volumes, prices will be hit, but economists say dose of medicine needed
By Esther Teo, PROPERTY REPORTER & Cheryl Lim

Greece: Clinch bailout or face euro exit

Greece: Clinch bailout or face euro exit
12:18 AM Jan 04, 2012
ATHENS - Greece will have to leave the euro zone if it fails to clinch a deal on a second, €130 billion (S$217.8 billion) bailout with its international lenders, a government spokesman said on Tuesday.
It was an unusually public stark warning from the embattled country, aimed at shoring up domestic support for tough measures and possibly also at the lenders themselves.

Pariahs and prophets

Pariahs and prophets
Republican Ron Paul has emerged as a teller of important truths - and US needs a fearless crank to do so
04:46 AM Jan 03, 2012
by Ross Douthat
In 1984, after serving three terms in the House of Representatives, Ron Paul (picture) was defeated by Phil Gramm in the Texas Republican Senate primary. Paul left Congress, and a few years later he left the Republican Party entirely to run for President on the Libertarian line. In the 1988 election, after a campaign that Texas Monthly compared to something "out of Robert Altman's movie Nashville", he took home just 0.47 per cent of the popular vote.