Let's put tax cuts in terms everyone can understand. Suppose that every day, ten men go out for dinner. The bill for all ten comes to $100.

If they paid their bill the way we pay our taxes, it would go something like this:

From Singapore Business Times. Published March 10, 2008

Banks cut fixed deposit rates; but cautious investors stay liquid in face of market volatility

(SINGAPORE) Cash-rich Singaporeans averse to risky alternatives are in an unhappy spot of having their savings eroded by inflation.

Not only is inflation clearly on the rise - it hit a 26-year high of 6.6 per cent in January - banks are further cutting their already miserable deposit rates.

Last week, DBS Bank slashed its fixed deposit (FD) rate again to 0.9 per cent for a 12-month deposit of $1 million. The latest revision is less than half of the 2.02 per cent it offered on Jan 2.

 Another interesting article on Peter Lim, The 'Remisier King'. One thing I did find interesting was his life story. The part on him living with 3 brothers, 4 sisters, fishmonger father and housewife mother. Look where that brought him today? Maybe all mothers should be housewives.. Seems to be more productive than 2 income family.

The New Paper 26 August 2007 - Karen Wong

 Read this article recently, and I'm sure most of your have also read it from somewhere, especially if you do stocks trading or investments of any kind. Just decided to reproduce here.. Quite a number of lessons to learn.