Having failed to get China and now India on board with his agenda, our climate Metternich does not seem to be proving as effective as he might have hoped.
There are three main elements of the Singaporean system that allow it to operate, and they demonstrate that the country is far from a free-market paradise.
Independent recommendations on pay and benefits are out, and the two sides have until September 16 to reach an agreement before work stoppages are permitted.
With a soaring dollar, plunging deficits, and surging services consumption, this inflationary surge seems likely to follow an entirely different trajectory.