Article: Free market illusions: What is the US’ endgame in China?

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Free market illusions: What is the US’ endgame in China?

Ramzy Baroud, 02 June 2021

Why does the US advocate a free market while stifling it too? The current US-China economic war is a perfect example of this perplexing question. The legacy of Milton Friedman, the founder of America’s modern political economy, was a representation of this very dichotomy: the use and manipulation of the concept of the free market.

Through the Chicago School of Economics, whose disciples have proved most consequential in the formation of the American approach to foreign policy, especially in South America, Milton constantly championed the virtues of the free market, emphasising a supposed link between freedom and capitalism and insisting that governments should not micromanage markets. Continue reading “Article: Free market illusions: What is the US’ endgame in China?”

Article: Online crimes: S’pore police play key role in Interpol probe

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Online crimes: S’pore police play key role in Interpol probe

Zaihan Mohamed Yusof, 28 May 2021

Singapore police played a crucial role that led to 585 arrests and US$83 million (S$110 million) intercepted in an Asia-Pacific probe coordinated by Interpol that sought to crack down on online financial crime.

Voice phishing, romance scams and money laundering linked to online gambling were the “top three types of online financial crimes in terms of the number of cases”, the world policing body told The Straits Times yesterday. In voice phishing ruses, callers often impersonate authority figures to scam victims into providing details that would see them lose their money. Continue reading “Article: Online crimes: S’pore police play key role in Interpol probe”

Article: S’pore police played ‘critical role’ in Interpol probe into online financial crimes; US$83m intercepted

Article - Media, Publications

S’pore police played ‘critical role’ in Interpol probe into online financial crimes; US$83m intercepted

Zaihan Mohamed Yusof, 27 May 2021

SINGAPORE – Police in Singapore played a crucial role that led to 585 arrests and US$83 million (S$110 million) intercepted in an Asia-Pacific wide probe coordinated by Interpol that sought to crack down on online financial crime.

Voice phishing, romance scams and money laundering linked to online gambling were the “top three types of online financial crimes in terms of the number of cases”, the world policing body told The Straits Times on Thursday (May 27).

In voice phishing ruses, callers often impersonate authority figures to scam victims into providing details that would see them lose their money. Continue reading “Article: S’pore police played ‘critical role’ in Interpol probe into online financial crimes; US$83m intercepted”

Article: The U.S. Shouldn’t Let China Take the Lead on Trade

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The U.S. Shouldn’t Let China Take the Lead on Trade

Editorial Board, 26 May 2021

However loudly U.S. politicians vow to compete with China, they seem happy to quit the field and let Beijing win in one crucial area: trade. If President Joe Biden hopes to build a coalition in Asia to counterbalance China’s rise, he can’t afford such defeatism.

U.S. allies such as Japan are especially eager to see the U.S. join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) — the 11-nation free-trade agreement that in its original form was intended to cement U.S. ties to Asia. Yet administration officials continue to dodge questions about the deal. At the same time, according to Bloomberg News, China has begun exploratory talks on its own possible accession. Continue reading “Article: The U.S. Shouldn’t Let China Take the Lead on Trade”

Article: Asia’s Lopsided Economic Booms Store Problems for the Future

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Asia’s Lopsided Economic Booms Store Problems for the Future

Mike Bird, 03 May 2021

South Korea and Taiwan both reported better-than-expected economic growth last week, and in both cases it looks quite similar: Exports have boomed, domestic demand hasn’t. That has already caused some problems, which will be exacerbated if the trend continues unabated.

In South Korea’s case, exports of goods were 4.4% higher in the first quarter compared with the final quarter of 2019, before the pandemic hit. Meanwhile, private consumption spending is still languishing 5.5% below that benchmark.

It’s a similar story in Taiwan. Electronics exports in particular are up by 28.4% year-over-year, with net exports contributing far more to the overall 8.2% growth in gross domestic product than consumption. Continue reading “Article: Asia’s Lopsided Economic Booms Store Problems for the Future”