“As young adults struggle to pay back their loans, they’re forced to make financial concessions that create a drag on the economy. Student debt has delayed household formation and led to a decline in homeownership. Sixteen percent of young workers aged 25 to 35 lived with their parents in 2017, up 4 percent from 10 years prior, shows Bloomberg Intelligence.
Singapore’s national identity: A committee has been set up to guide the nomination of Singapore’s hawker culture for a spot on the UNESCO Representative List of the Intangible Cultural Heritage of Humanity.
“The committee will provide recommendations, feedback and advice on the nomination documents to be submitted to UNESCO in March 2019, as well as encourage community participation and support for Singapore’s nomination, which is an important component of UNESCO’s assessments.
The results are expected by end 2020.
The decision to nominate hawker culture was announced by Prime Minister Lee Hsien Loong at the National Day Rally in August, where he spoke about hawker centres being a unique part of Singapore’s society, heritage and identity.
Meritocracy and Class: The history of the meritocracy ideal coined by Michael Young and how the ideology evolved in practice.
Read the full article on The Guardian: The myth of meritocracy: who really gets what they deserve?