31 Jan '16, 4pm

Yawning bread writes again. Agree on the insufficient demands and not lack of investments. Not sure if the propose…

Yawning bread writes again. Agree on the insufficient demands and not lack of investments. Not sure if the propose…

Perhaps in other places there might have been headlines screaming ‘deflation’, but here in Singapore, it was just a passing mention in a story about mean incomes, and made to sound like an unequivocally good thing. Median income, including employer Central Provident Fund contributions, for Singaporeans working full-time grew 6.5 per cent from June 2014 to June last year to reach $3,798. The growth was 7 per cent after adjusting for negative inflation of 0.5 per cent. — Straits Times, 29 January 2016, Job growth hits 17-year low, but real wages up 7% See how it slipped in there? ‘Negative inflation’. In other words, deflation. Most economists worry about deflation, especially if it becomes persistent. It is a self-reinforcing dampener on demand and economic vitality. In an explainer from January 2015, The Economist explains why it is a cause for worry . But the Straits Time...

Full article: https://yawningbread.wordpress.com/2016/01/31/singapore-j...

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sg.dining.asiatatler.com 03 Feb '16, 3am

It hasn’t even been a year since Bread Street Kitchen opened in Singapore, and its culinary team keeps on spoiling our tas...