‘Voting is simply a pyramid scheme that makes the elected richer.’ Only 40% have registered to vote and almost 60% of South Africans aged 18 to 24 are rejecting the idea of democracy. What went wrong in post-apartheid South Africa? https://on.ft.com/3wMlY2T
In Other News
David Huang
Muting Coronavirus Anger, China Empowers Its Internet Police
Online enforcers are dragging in hundreds for questioning as an assault on online speech continues, a sign that Beijing has given censors a more punitive role.
The president talks darkly of “governing with the people” if he loses. But everything indicates that “the people” are no longer with him
【新加坡龐氏騙局】
11億美元醜聞如何震撼一座崛起的城市。投資人將11億美元資金投進新加坡黃有志的公司作鎳交易。如今，他被控捲走資金，而且從沒買過鎳。
David Huang Muting Coronavirus Anger, China Empowers Its Internet Police
Online enforcers are dragging in hundreds for questioning as an assault on online speech continues, a sign that Beijing has given censors a more punitive role.
The president talks darkly of “governing with the people” if he loses. But everything indicates that “the people” are no longer with him
Tiger moms may not know best after all.
To the ballot box - by hook or by crook
German politicians have responded to the poor voter turnout in Sunday’s
European elections with calls for virtual ballot boxes and punitive
measures to combat voter apathy.
The DW-WORLD Article
http://newsletter.dw-world.de/
Suspected Wall Street crook Madoff under house arrest
US authorities have placed Wall Street investment manager Bernard Madoff, who has been accused of a 50-billion-dollar fraud, under house arrest and required him to wear a trackable electronic tag. Madoff is under investigation for allegedly using new investors' money to pay interest to other investors. Madoff has reportedly confessed to the scheme, termed a Ponzi pyramid, which continued for ten years. The pyramid collapsed when clients demanded their money back as the global financial crisis hit. The US Securities and Exchange Commission is now examining ties between Madoff's niece and a former SEC attorney who reviewed the investment manager's business.
He said that the goal of testing the banks was to "replace uncertainty with transparency," although he acknowledged that some regarded the tests as "overly punitive."
The American recapitalization plan has emerged as one of the most favored new options being discussed in Washington and on Wall Street, officials told The Times. But there are concerns.
Treasury officials worry that aggressive government purchases, if not done properly, could alarm bank shareholders by appearing to
punitive
Line breaks: pu¦ni|tiveADJECTIVE
Origin
early 17th century: from French punitif, -ive or medieval Latin punitivus, from Latin punit- 'punished', from the verb punire (see punish).
Ponzi pyramid 老鼠會 (美國版)
crook
Informal. One who makes a living by dishonest methods.
By hook or by crook
By any means possible, in one way or another. For example, The car broke down, but I'll get there by hook or crook. This term has a disputed origin. A widely held theory is that it comes from the custom of allowing commoners to take as much wood from royal forests as they could reach with a shepherd's crook and cut down with a billhook. [1300s] Also see the synonym by any means.
growl
Line breaks: growl
Pronunciation: /ɡraʊl /
VERB
1.1[ WITH DIRECT SPEECH] (Of a person) say something in a low harsh voice, typically in a threateningmanner:‘Keep out of this,’ he growled
NOUN
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1A growling sound made by a hostile animal:the bulldog lumbered to her feet with a threatening growl[ IN SINGULAR] : the growl of diesel engines
Origin
mid 17th century: probably imitative.
Derivatives
growlingly
ADVERB
ADVERB
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