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What Is a Democratic Socialist?
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The term has no singular definition. But simply put, it’s an ideology
rooted in its opposition to capitalism and wanting to shift power from
corporations t...
24 minutes ago
"That's going to affect us. It can easily happen."
ReplyDeleteSingapore's economic output contracted by 6.5 percent in the second quarter as global electronics demand slumped, according to official data.
Export-dependent Singapore was the first Asian economy to suffer negative growth during the last global downturn in 2008 but also led the recovery with a strong growth rebound in 2010.
Markets around the world have been roiled on concerns that the US and eurozone debt crisis may spark a new recession.
The crisis started in Greece and is now fuelled by fears that Spain or Italy might default on their debt and possibly spark a break-up of the currency shared by 17 countries.