Category: Singapore
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Up, we win. Down, you lose…
Lehman Brothers, a prosperous investment bank founded in 1850, was at the height of its success in 2006 with revenues totaling $19 billion and over 25,000 employees. However, the bank’s aggressive expansion and risky lending practices, particularly in the housing market, led to the financial crisis of 2008. When Bear Stearns became the first victim…
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Crazy Rich Asians
Singapore’s success to factors such as a strong government, reclaiming land for affordable housing, a blend of central planning and free market mechanics, high savings rates, and its strategic geographic advantage as a gas station for cargo ships. The video emphasizes that Singapore’s success cannot be purely attributed to luck or low taxes, and that…