“Maginot Mentality” a term that is a byword for leadership who takes comfort in the past, unable to recognize fundamental changes had taken place. On Feb 14th after its monetary policy review, the MAS announced the gradual appreciation of the S$ remained the “appropriate policy stance”. The writer wonders if policy-makers are afflicted by their own “Maginot Mentality” – overly comfortable with ultra low interest rates, unable to recognize that the ground had shifted. Given the S$ correlation to US interest rates, the MAS may well be fighting yesterday’s battles when the Federal Reserve eventually raise rates, thereby rendering MAS’s policy ineffective or even counter-productive.
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The École d'économie de Paris (the Paris School of Economics) is actually situated in the most un-Parisian part of the city. It is on the boulevard Jourdan in the lower end of the 14th arrondissement, bordered on one side by the Parc Montsouris. Unlike most French parks, there is a distinct lack of Gallic order here; in fact, with lakes, open spaces, and its greedy and inquisitive ducks, you could very easily be in a park in any British city. The campus of the Paris School of Economics, however, looks unmistakably and reassuringly like nearly all French university campuses.
As a Singaporean I would like to extend my most sincere apologies to our Filipino friends living here in Singapore. I am ashamed that such atrocity had happened - what had meant to be a day of celebration and happiness was destroyed by certain degenerates of our society. I am deeply embarrassed by it.
Following a large online backlash to the Philippines independence day even at Orchard Road, several experts have expressed their concerns with the unchecked xenophobic comments being spread. The backlash started when a poster of the event was shared on the Pilipino Independence Day Council Singapore (PIDCS) facebook page about the event being held at Orchard. Some netizens quickly reacted to the event saying that Pinoys were "taking over" Singapore.
I am a Singaporean, born and bred in Singapore and in my 40s now. I take great pride in the achievements of my tiny Island nation. After almost 20 years of living abroad I decided to return to Singapore to a very lucrative job offer in 2011. I moved my family and my non-Singaporean husband with the intentions to make it a permanent move. We are both professionals with substantive earning capacity.
The father of a 12-year-old girl who has become Britain’s youngest mother insisted yesterday that he is proud of his daughter. The schoolgirl, who became pregnant by her 13-year-old ‘boyfriend’ when she was still in primary school at the age of 11, gave birth to a 7lb 4oz girl on Sunday. At 12 years and three months, she is five months younger than the previous youngest UK mother. The Year 7 pupil and the baby’s father, who are said to be ‘totally in love’ and who have been going out for a year, are believed to be Britain’s youngest parents.
According to the latest data released by three major universities in Singapore NUS, NTU and SMU, the graduate employment rate has decreased and average fresh grad salaries have failed to rise. Last year, the employment rate of fresh graduates was about 89.3%. In 2012, the figure was actually 91%. The average salary of fresh graduates in full-time work was about the same between 2012 and 2013 at around $3,230.
During the last general election, public sentiment towards government policies was generally negative. You could almost sense that the people were clamouring for change, with opposition parties seizing on almost every contentious issue - from housing shortages and cost of living to public transport and foreign workers - to drum up support.