1 March 2020

The American Interest: Challenges and Pitfalls of the Technocratic Art

But as John Dryden wrote, “Geniuses and madmen are near allied/And thin partitions do their bounds divide.” The ban isn’t madness at all, just a manifestation of the Confucian-inflected penchant for orderliness, and its tacit assumption that the social psychology of orderliness is seamless. It’s not just a Confucian conclusion either: The ban makes sense as Singapore’s version of James Q. Wilson’s famous “broken windows” insight. [...]

I’m uncomfortable with caning’s implied paternalism, but not with its results. But it’s really none of my business (or yours, fellow American) since I’m not a Singaporean national. As a general rule, Americans should think twice (or as many times as necessary) before tendering judgments about matters in which they are not vested and probably can’t fully understand for lack of metis. A former Singaporean ambassador to the United States complained to me, recently and in the main justifiably, that Americans often just don’t listen to others, especially others from small countries. She was too polite to add that this rarely stops us from speaking out about the supposed moral deficiencies of said others, whether we know what we’re talking about or not. It’s not one of our more endearing traits. [...]

Out of concern to avoid stigmatizing and humiliating the vulnerable, the government publishes no data on the proportions of the country’s ethnic hearth communities that end up in jail and rehab. It’s a sensitive matter, as are all matters intercommunal, and the reason is that the Malay community, which occupies the statistical bottom of the mean income and education scales, also occupies the top of the incarceration, broken families, delinquent youth, and drug-dependency scales. [...]

The resulting food security anxiety has led, for example, to a megadeal with China wherein a chunk of Chinese land is being developed with Singaporean capital for the main purpose of providing foodstuffs to Singapore. The Jilin Project involves 1,450 square miles of land; all of Singapore is only 751.5 square miles. Perhaps sensing belatedly that putting so much leverage in Chinese hands might be unwise, the government subsequently announced the 30/30 challenge, by which Singapore will produce 30 percent of its own food by 2030, largely through advanced vertical hydroponic methods.

Freakonomics: Does the President Matter as Much as You Think?

We asked this same question nearly a decade ago. The answer then: probably not. But a lot has changed since then, and we’re three years into one of the most anomalous presidencies in American history. So once again we try to sort out presidential signal from noise. What we hear from legal and policy experts may leave you surprised, befuddled — and maybe infuriated.

TLDR News: Could Coronavirus Start a Global Recession?

COVID-19, more commonly known as coronavirus, continues to spread across the world. As the virus spreads investors and businesses are getting nervous. So in this video, we're going to explore the economic effect of COVID-19 and how the global economy is reacting to the virus.



CNN: Welcome to London's rental market, where $2,000 a month gets you a bed beside the toilet

And the asking price? £1,500 (US$1,940) per month for the 27-square-meter flat, according to estate agent Foxtons. CNN contacted the company -- one of London's leading realtors -- but it declined to comment on the price or how much interest the ad had generated. [...]

This week, Berlin became the first city in Germany to freeze rent prices for the next five years. The price cap will affect around 1.5 million rented homes -- 90% of all rental households in the capital, Berlin's Department for Urban Development and Housing told CNN. [...]

Just over a quarter of Londoners -- around 2.4 million people -- rent privately. And they're spending an average 37% of their income doing so, a spokesman from the Mayor of London's office told CNN.