Posted in Economics on May 30th, 2012 4 Comments »
Indonesian President Susilo Bambang Yudhoyono warned of the danger of a common currency in an interview with the Wall Street Journal. It is a reminder that needs not a resounding. The horror of Europe is enough to make one thinks twice of a currency union. The talks of Greek exit can potential become the end [...]
Posted in Gaming on May 17th, 2012 No Comments »
Posted in Politics & government on May 16th, 2012 3 Comments »
I am disappointed at the treatment which Tunku Aziz received with respect to his comment about the Bersih’s sit-in. It is quite clear the DAP-led Penang state government ended Tunku’s senatorship to punish him for criticizing the sit-in. While I disagree with Tunku’s position and I do support the sit-in, the path taken by the state [...]
Posted in Economics on May 15th, 2012 2 Comments »
I do not typically post news articles these days, but I think this news article is particularly relevant on one issue that I raised earlier. MALAYSIA is losing billions of ringgit in palm oil exports because there is not enough foreign workers to harvest fruit bunches in the oil palm fields. The Malaysian Palm Oil Board [...]
Posted in Books & printed materials, Poetry on May 12th, 2012 1 Comment »
Up in Washington, he wrote the Lexington, now in the mist, no longer an economist. (Peter David, the Lexington columnist at The Economist, died in a car crash in D.C. yesterday)
Posted in Economics on May 11th, 2012 No Comments »
One impact of minimum wage is the general increase in labor supply in the market. Let us be clear and not talk too generally or loosely. Precision is key. I think if you cannot be clear, then it is very likely that you do not understand or have not thought of the issue well enough. [...]
Posted in Economics, Education on May 8th, 2012 1 Comment »
Social mobility is crucial to the maintenance of a healthy liberal society. Inflexibility will have elites entrenched within the state apparatus and eventually becoming de facto dictators themselves, unless there is some sense of altruism among the elites. The monopoly of power itself is illiberal in so many ways. There are ways to address the [...]
Posted in Economics, Humor, Photography, Politics & government on May 7th, 2012 No Comments »
Taken from Reuters pictures, by Mal Langsdon:
Posted in Economics, Mudslinging on May 6th, 2012 3 Comments »
(This is a really long reply and relatively technical. For summary in plain English, click here.) Let us begin with a real life conversation between friends of mine and a professor of economics. The professor highlighted how women were discriminated in a certain country and how that discrimination affected the labor market in a bad [...]
Posted in Economics, Mudslinging on May 5th, 2012 3 Comments »
Ahmad Fuad Rahmat wrote a short essay in support of minimum wage.[1] While there may be a number of reasons to support minimum wage, I believe he misunderstands some issues and mischaracterizes others while he attacks the anti-minimum wage camp. He first and foremost takes issue with Wan Saiful Wan Jan’s statement that “when employers [...]
The name is Hafiz Noor Shams.
For more about me, please go here.