Tuesday, May 22, 2012
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And who is my neighbour?
by Debbie Soon
Traditionally, we think of our neighbours as those who live right next to us and our neighbourhoods as the physical areas surrounding our domestic places of dwelling. But what do the words ''neighbour'' and ''neighbourhood'' really mean in the context of Singapore today? The ''neighbour principle'' was legally established in 1932, when Lord Atkin held in the case of Donahue and Stevenson ''the rule that you are to love your neighbour becomes in law, (that) you must not injure your neighbour''. This means we must, at the very least, not intend...
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The value of a fine
by
Conrad Raj
I am glad SingTel clarified that it took full responsibility for the irritating disruptions during mioTV's live telecasts the previous week of the final-day matches of the English Premier League. Screens froze, were pixellated or simply went blank, especially during crucial and riveting moments of the matches involving the two Manchester clubs - Manchester...
Greece must exit
by Nouriel Roubini
The Greek euro tragedy is reaching its final act: It is clear that either this year or next, Greece is highly likely to default on its debt and exit the euro zone. Postponing the exit after the June election with a new government committed to a variant of the same failed policies (recessionary austerity and structural reforms) will not restore growth and...
Democracy in the age of no restraint
by David Brooks
The people who pioneered democracy in Europe and the United States had a low but pretty accurate view of human nature. They knew that if we get the chance, most of us will try to get something for nothing. They knew that people generally prize short-term goodies over long-term prosperity. So, in centuries past, the democratic pioneers built a series of...
How rich economies must adapt to tomorrow's job market
by Bloomberg editorial
The worsening crisis in Europe and the slow recovery in the United States are distracting attention from a longer-term problem. Across the developed world, well-paid jobs in the middle of the labour market are in decline. The issue isn't simple, nor are the remedies, but governments must start paying attention. The name for what's going on is job...
Competition is killing higher education
by Mark C Taylor
Competition, we are constantly told, encourages individuals, institutions and companies to take the risks necessary for innovation and efficiency. But in higher education, competition often discourages risk taking, leads to overly cautious short-term decisions, produces a mediocre product for the price and promotes excessive spending on physical plants and...
Here we go again - another round of risk aversion
by Lim Say Boon
The ongoing correction in risky asset markets is likely to continue over the coming months. Losses are likely in equities, commodities and growth-sensitive or risk-related currencies. The dynamics driving this renewed round of risk aversion are familiar - euro...
The man who can't escape Facebook
by Quentin Hardy
Eduardo Saverin can escape the United States but he cannot slip Facebook. ''Everything I do in my personal life, in my professional life, it's completely there,'' said Mr Saverin, a Facebook co-founder, in his first major interview. ''A lot of what I do, what...
The nine dragons stirring up the South China Sea
by David Pilling
''Too many dragons, too much noise.'' That is how one Chinese scholar explained constant friction in the South China Sea, where Beijing's territorial claims are rubbing up against competing claims from several South-east Asian nations. The latest set-to is...
Regulators snooze while JPMorgan lights the fuse
by Jonathan Weil
Don't worry your pretty little heads, JPMorgan Chase chief financial officer Douglas Braunstein seemed to assure listeners on the bank's quarterly earnings conference call last month. Regulators knew everything JPMorgan's chief investment office was doing, he said. ''We are very comfortable with our positions as they are held today, and I would add that all...
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