This would have happened when HDB overbuilt
To reduce the property overhang, local governments bought millions of unsold homes from developers and gave them to poorer citizens.
Economist talking about local Chinese govt
Actually, not exactly because as HDB is a govt agency, the flats would have just been given away.
Thankfully for property investors, Coldstore was successful in preventing the whackos from gaining power.
James Matiss, the US Defence Secretary, had the nick-name “Mad Dog”. But as the BBC reports
The Daily Telegraph reports that President Trump considered a strike three times bigger than was launched on Syria last week – but was dissuaded by his defence secretary, James Matiss.
It highlights claims in the US media that the proposed attack could potentially have included targeting Russian air defence systems – as well as Iranian targets.
The reports say Mr Trump and his UN ambassador, Nikki Hayley, were both pushing for a more robust strike, but that Mr Mattis urged caution, warning of an escalation by Russia or Iran.
Btw, Obama fired Mattis as Commander Central Command (which covers the Middle East) because Obama tot that Mattis was provoking the Iranians into attacking US forces so that he could hit back. But then Obama was Wimp in Chief.
And given that Trump loves chaos (Trump is channelling Sun Tzu) he should adopt as Airforce One’s call sign “Chaos”: that was Mattis’s call sign.
As Desmond Kwek’s successor, instead of another scholar and general as reported by ST, the PAP administration should try to recruit Andy Byford who has worked in some tough MRT systems (London, Sydney and Toronto) and has a record of success in the MRT field. So much so that New York turned to him to do something about its system.
He is a MRT man to his bones: all his jobs involve trains.
Better still he personally checks the system daily: he takes the MRT to and from work. When was the last time Desmond or any other CEO or presumptive CEO took the MRT to work?
And finally, he personally apologises for delays. A Ferrari driving FT MD of SMRT said commuters had a choice not to use her trains if they were unhappy. Even the PAPpies found this too much to stomach.
But he’s no Oxbridge or Ivy League man, so our system discounts him immediately.
He made a name for himself running transport systems in London, Sydney and Toronto. Now Briton Andy Byford is in charge of turning around New York’s ageing, failing subway system. What did he get himself into?
About 400,000 people pass through the Bloor-Yonge subway station every day in Toronto, Canada’s largest city.
And on a summer’s day in 2013, the city’s transport chief Andy Byford tried to apologise to every one of them.
Earlier in the day, water damage had caused a signal failure, delaying trains from rush hour that morning until early afternoon.
Walking up and down the platform, Byford tried to apologise in person to harried commuters while a recording of him formally apologising played on a loop on the station’s loudspeaker.
