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Singapore tops global index on value added by 'elites' to society for second straight year | Singapore

Wednesday, 26 May 2021 07:53 AM MYT
Singapore came out in number one position in a ranking of 151 countries based on the value that elites add to their society. ― TODAY file pic
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SINGAPORE, May 26 Singapore has retained the top spot for the second year running in a global index that ranks 151 countries by measuring the way in which “elites” contribute to the wealth and development of their societies.
The Elite Quality Index 2021, released on Monday (May 24), examined the countries across four broad areas economic power, economic value, political power and political value. ....

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Singapore takes top spot in the Elite Quality Index 2021

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Singapore takes top spot in the Elite Quality Index 2021
International political economy ranking from the University of St. Gallen provides insight on national elite systems, and their expected value creation in a post-COVID world
24 May 2021
Singapore, 24 May 2021 (Monday) – The Elite Quality Index 2021 (EQx2021) seeks to measure the way in which elites globally contribute to the development of their societies. It specifically measures the economic and political power of elites and evaluates how the elites enable or impede economic and political growth. The means by which elites create or extract value can help determine the business opportunity, growth and development of a nation. ....

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Black Americans spend more of the day being kept waiting

T
IME SHOULD be a great leveller. Jeff Bezos or Amazon warehouse clerk, everyone gets 24 hours a day. But worse-off Americans have more of their time wasted just waiting around.
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Poorer people have to wait longer for basic services. Low-income neighbourhoods often have fewer shops and medical centres, with fewer staff on hand and crowds at their doors. The worse-off claim unemployment benefits or food stamps, which means interacting with creaky government administration. And low-wage jobs come with rigid hours, which make it difficult to take an extended lunch break and pop to the bank when it’s quiet. The time squandered in delays could be better spent working, studying or just kicking back with a beer, points out Stephen Holt at the University at Albany. “Time is a finite resource,” he says. “It’s something you just don’t get back.” (Which is why this article is so concise.) ....

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