august 22 – september 4 , 2014 • MCI(p) 081/03/2014 • SINGAPORE EDITION • theepochtimes.com
WEEKEND EDITION
fifth of september
LOCAL
More than Music with Violinist Loh Jun Hong By Li Yen Epoch Times Staff A competitive child driven to excel in everything he did, Loh Jun Hong did not realise he wanted to be a violinist until he was 16-17. A year before that, at the
mere age of 15, the former Raffles Institution student had been accepted to the National University of Singapore’s Yong Siew Toh Conservatory due to his exceptional musical abilities and outstanding academic record. See Violinist on Page 4 courtesy of loh jun hong
My goal will be to allow audiences to hear what musicians hear. Loh Jun Hong
ECONOMY
Weak Summer Data Confirms China Slowdown
Teachers’ Day – A Reperspectivisation Ahead of Singapore Teachers’ Day, we reflect on the teaching profession and delve into the heart of educating and learning shutterstock
By Claire Ong Epoch Times Staff In today’s world of the Internet and grade inflation, the teaching profession might seem obsolete and largely oriented to students’ whims
and wants. But what is teaching about, really? Why has this title been treated with decreased respect over the years? Nearly a century ago, Mahatma Gandhi forewarned: “[People] have no idea of what education truly is. We assess the value of education
local
in the same manner as we assess the value of land or of shares in the stock-exchange market. We want to provide only such education as would enable the student to earn more.” See Teachers on Page 34
By Valentin Schmid Epoch Times Staff All of a sudden, everything is going down: stocks, housing, commodity financing deals, economic growth. In China, debt expansion is the primary driver behind all of them – and it is going down too. Last Wednesday, the Chinese central bank (PBOC) reported that banks and other financial entities only created US$44.3 billion (S$55.2 billion) of new debt in July, the lowest since October 2008, during the dark days of the last financial crisis. To put things in perspective, since
BUSINESS
14x
The price of a home in Shanghai compared to the average annual income.
7.5%
Expected GDP growth in 2014, the lowest in 24 years. September 2008, Chinese banks under the direct control of the Chinese regime have pumped more than US$16 trillion (S$20 trillion) of credit—or debt, depending on which side of the balance sheet you are looking at—into the economy. See Slowdown on Page 13
WORLD
NEWS & PERSPECTIVES
BUSINESS & PROPERTY
NEWS & PERSPECTIVES
Art Exhibition
Happiness
Ebola
Harmonious Home, Peace of Art 3
Can Money Buy Happiness? 14
Relief Group: Ebola ‘Moving Faster’ Than It Can Handle 7
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