Three cheers for American oil majors

They refuse to pander to the Woke. And have been rewarded according by investors. The three European oil majors pander to the Woke by investing in renewable energy projects and cutting back on oil and gas activities. The Woke are the investors.

Still smoking

PMI’s reputation is bedevilling its efforts to diversify into health products.

Welfarism is OK, OK?

Sounds like Singapore under LKY, Xi’s “bias against ‘welfarism’”

 [China] must not “fall into the trap of ‘welfarism’ that encourages laziness”.

FT article

Under his beloved son, there’s been a swing towards social protection especially for the elderly (self included). But the official ideology was still against ‘welfarism’ whatever this Hard Truth meant.  

But the constructive, nation-building ST is now rewriting history?

Our kay poh living in Tokyo has this good rant:

You can say Chua Mui Hoong and the ST have amnesia. You can also say this is making a big deal out of something not big at all. But you can also say slippery slope, what slippery slope? The only thing you can say that is closest to the truth is that, the social safety net has indeed expanded but this expansion is merely catching up from the nasty old days and there is still more catching up to do. There was no slippery slope in the past becos we are such a long distance from it that saying there is one is just scare mongering bs. And ofcos Hard Truths die hard but has to die sooner or later becos Hard Truths were for a different time that is long past.