Khamis Neshbahri earned a salary of 700 Singapore dollars ($550) a month when he began cleaning office buildings 11 years ago. His wages haven't budged since then while his cost of living has continued to climb.
SINGAPORE (AP) -- Khamis Neshbahri earned a salary of 700 Singapore dollars ($550) a month when he began cleaning office buildings 11 years ago. His wages haven't budged since then while his cost of living has continued to climb....
For the past year Abenomics has gotten the "get out of a jail free" card because while the plunging yen was crushing Japanese purchasing power, and sending nominal regular wages ever lower, at least the stock market was higher so (some of the) locals could delude themselves they are getting richer, if only on paper.
Prime Minister Benjamin Netanyahu’s joint slate with Yisrael Beytenu won 31 seats in the 120-seat Knesset, according to usually reliable exit polls. That number is far lower than had been expected and puts Netanyahu in a weaker position vis a vis other potential coalition partners.
“The public likes Netanyahu’s positions, but not Netanyahu himself,” political commentator Amit Segal told Channel Two News.
Singapore's ruling party was returned to power Sunday with a huge majority but Prime Minister Lee Hsien Loong admitted that opposition gains marked a "distinct shift" in the country's politics.The People's Action Party (PAP) has ruled since the former British colony became self-governing in 1959 but despite the poll victory it sank to its lowest ever approval rating and lost a key district to resurgent opponents.The PAP won 81 of the 87 parliament seats in Saturday's election, down slightly from its 82 out of 84 seats when Singapore last voted in 2006.