21 March 2013

Stiglitz's Singapore

Yesterday, ST published a NYT opinion piece from Joseph Stiglitz on what lessons the US can learn from Singapore. Kirsten Han then wrote up a rebuttal.

Honestly, I found the opinion rather misleading; the title ("Singapore's lessons for an unequal US") suggests that Singapore's model of governance holds "lessons" for the US.

Stiglitz clearly hasn't kept up with the discontent amongst Singaporeans, especially with the growing income disparity. For ST to give such wide latitude to a US-based writer (eminent though he may be) seems rather misplaced.


08 March 2013

Singapore: playground of the uber-rich

WSJ article

A very disconcerting read.

It's fine if the whole country rises as a whole, and the uber-rich have their playpen at the top of the table, but when the country has the 2nd largest income disparity in the world, then it only becomes a wedge that keeps societal divisions deep and hurtful.

Man U and Lakers - update

Firstly, United crashed out of the Champions League after losing 2-1 at Old Trafford to Real Madrid. Terrible red card decision on Nani, and it completely destroyed what was a wonderful game of football. The fact that this overshadowed Ferguson's decision to leave Rooney out of the starting eleven spoke volumes as to how important that decision was.

Now, the rumours are Rooney is on the way out, and Ronaldo is on his way back to OT. Silly speculation, and despite the increasing smokescreens, I don't think Rooney or Ronaldo are going anywhere this summer.

Secondly, the Lakers lost a tight game against OKC (despite the eventual 122-105 scoreline, it was only a 5 point game with 6 mins to go), and won at New Orleans the following night after going down 25 in the 2nd quarter. Lakers closed out with a 20-0 run to win by 6, 108-102. Defensive pressure resulted in a 33-9 4th quarter scoreline.

One wonders why they just can't play like this night in and night out, but the fact remains that the Lakers now have 20 games left, and only 1.5 games behind Utah, 2 games behind Houston and 4 games behind GSW. 10 of those games are against teams who will make the playoffs, but the schedule looks pretty ok to me. If the Lakers win 7 of 10 the rest of the way, they will finish with 45 wins, and that should make the 7 or 8 seed.

Fingers crossed.