
Canada must become a global superpower
The silver lining to the US starting a trade war with Canada and regularly threatening annexation is that it has forced this country out of complacency. Indeed, I'm hard pressed to remember a time, at least in my lifetime, when patriotism and nationalism has united so much of Canada. According to a recent survey by Angus Reid, the percentage of Canadians expressing a "deep emotional attachment" to the country jumped from 49% in December 2024 to 59% in February 2025. And as further evidence of...

The bank robbery capital of the world
Between 1985 and 1995, Los Angeles' retail bank branches were robbed some 17,106 times. In 1992, which was the the city's worst year for robberies, the number was 2,641. This roughly translated into about one bank robbery every 45 minutes of each banking day. All of this, according to this CrimeReads piece by Peter Houlahan, gave Los Angeles the dubious title of "The Bank Robbery Capital of the World" during this time period. So what caused this? Well according to Peter it was facil...
The story behind those pixelated video game mosaics in Paris
If you've ever been to Paris, you've probably noticed the small pixelated art pieces that are scattered all around the city on buildings and various other hard surfaces. Or maybe you haven't seen or noticed them in Paris, but you've seen similarly pixelated mosaics in one of the other 79 cities around the world where they can be found. Or maybe you have no idea what I'm talking about right now. Huh? Here's an example from Bolivia (click here if you can't see...

Canada must become a global superpower
The silver lining to the US starting a trade war with Canada and regularly threatening annexation is that it has forced this country out of complacency. Indeed, I'm hard pressed to remember a time, at least in my lifetime, when patriotism and nationalism has united so much of Canada. According to a recent survey by Angus Reid, the percentage of Canadians expressing a "deep emotional attachment" to the country jumped from 49% in December 2024 to 59% in February 2025. And as further evidence of...

The bank robbery capital of the world
Between 1985 and 1995, Los Angeles' retail bank branches were robbed some 17,106 times. In 1992, which was the the city's worst year for robberies, the number was 2,641. This roughly translated into about one bank robbery every 45 minutes of each banking day. All of this, according to this CrimeReads piece by Peter Houlahan, gave Los Angeles the dubious title of "The Bank Robbery Capital of the World" during this time period. So what caused this? Well according to Peter it was facil...
The story behind those pixelated video game mosaics in Paris
If you've ever been to Paris, you've probably noticed the small pixelated art pieces that are scattered all around the city on buildings and various other hard surfaces. Or maybe you haven't seen or noticed them in Paris, but you've seen similarly pixelated mosaics in one of the other 79 cities around the world where they can be found. Or maybe you have no idea what I'm talking about right now. Huh? Here's an example from Bolivia (click here if you can't see...
Share Dialog
Share Dialog

There's now evidence to suggest that the political crisis in Hong Kong may be having an impact on capital flows. Bloomberg, as well as others, reported today that wealth managers in Asia have been receiving a heightened number of requests to transfer assets out of the country -- to places like Singapore -- and to setup new overseas bank accounts so that they can be ready to transfer, should the situation gets worse.
In fact, the Monetary Authority of Singapore (MAS) even asked the country's financial institutions not to prey on the wealthy in Hong Kong during this period of uncertainty. They want to avoid the perception that Singapore is trying to capitalize on the situation. Of course, it remains to be seen how much all of this is here-say and how much of it will actually translate into a meaningful transfer of wealth.
Hong Kong has a significantly larger private wealth base, with about 853 individuals worth more than $100 million. This is more than double the number in Singapore (figure from Credit Suisse). But the current demonstrations have people questioning what will happen to Hong Kong in 2047 when the constitutional article committing Hong Kong to a capitalist way of life is set to expire.
The flows of capital can be fickle.
Photo by Florian Wehde on Unsplash

There's now evidence to suggest that the political crisis in Hong Kong may be having an impact on capital flows. Bloomberg, as well as others, reported today that wealth managers in Asia have been receiving a heightened number of requests to transfer assets out of the country -- to places like Singapore -- and to setup new overseas bank accounts so that they can be ready to transfer, should the situation gets worse.
In fact, the Monetary Authority of Singapore (MAS) even asked the country's financial institutions not to prey on the wealthy in Hong Kong during this period of uncertainty. They want to avoid the perception that Singapore is trying to capitalize on the situation. Of course, it remains to be seen how much all of this is here-say and how much of it will actually translate into a meaningful transfer of wealth.
Hong Kong has a significantly larger private wealth base, with about 853 individuals worth more than $100 million. This is more than double the number in Singapore (figure from Credit Suisse). But the current demonstrations have people questioning what will happen to Hong Kong in 2047 when the constitutional article committing Hong Kong to a capitalist way of life is set to expire.
The flows of capital can be fickle.
Photo by Florian Wehde on Unsplash
No comments yet