Recent Posts

Toyota profit falls 23% on lower sales

  TOKYO / AP Toyota Motor Corp. said on Monday that its profit fell 23 percent in the October-December quarter from a year earlier as its sales fell and a stronger yen squeezed its overseas earnings. The company, which recently relinquished the crown of world’s biggest automaker to German rival Volkswagen, reported its fiscal third quarter profit was 486.5 billion ...

Read More »

Where Justice Antonin Scalia was wrong…

  With an asperity born of exasperation, Justice Antonin Scalia once wrote, “If you want aspirations, you can read the Declaration of Independence,” but “there is no such philosophizing in our Constitution,” which is “a practical and pragmatic charter of government.” Scalia was wrong, and much depends on Neil Gorsuch not resembling Scalia in this regard. Gorsuch can endorse Scalia’s ...

Read More »

Singapore is wrestling with corporate life support

  The going-concern issue is becoming a problem in Singapore. Ezra Holdings Ltd., an oil-services company, was the latest to indicate it faces debt hurdles that require a restructuring. Under Singapore law, as in the US, that could mean a stay on interest payments until creditors and shareholders agree on a balance sheet that allows the company to keep operating ...

Read More »
Send this to a friend