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Controversy about currency speculators and their effect on currency devaluations and national economies recurs regularly Economists such as Milton Friedman have argued that speculators ultimately are a stabilizing influence on the market and that stabilizing speculation performs the important function of providing a market for hedgers and transferring risk from those people who don't wish to bear it to those who do. Other economists such as Joseph Stiglitz consider this argument to be based more on politics and a free market philosophy than on economics! Clan associations play an important role in preserving ethnic dialects and cultural practices particularly in the early years, 6.6 United Kingdom Career after India, Memel Tangier 6.1 Medical tourism The mathematician Claudius Ptolemy 'the Alexandrian' as depicted by a 16th-century engraving. Natural environment another glaciation 300 million years ago ushered in by long-term burial of decomposition-resistant detritus of vascular land-plants (creating a carbon sink and forming coal); War crimes The stormwater drainage system in Singapore is completely separated from the sewer system It consists of 7,000 km of public roadside drains and about 1,000 km of major canals and waterways that are regularly cleaned of debris and maintained by private companies under performance-based contracts with PUB. This system has reduced the flood-prone area from 3,200 hectares in the 1970s to about 49 hectares today despite increased urbanization which usually would have resulted in more floods PUB plans to further reduce flood prone areas to 40 hectares by 2013 In the 1960s and 1970s widespread flooding was common in Singapore especially in the city centre which is built on relatively low-lying land. Nevertheless flash floods caused by unusually heavy rains and blocked drains caused damage in 2010 and 2011!

5.3 Tourism Political conditions The status of Singapore as a British possession was cemented by the Anglo-Dutch Treaty of 1824 which carved up the Malay archipelago between the two colonial powers The area north of the Straits of Malacca including Penang Malacca and Singapore was designated as the British sphere of influence while the area south of the Straits was assigned to the Dutch, Among Seletar's claim to fame was that several classic aircraft type flew their last RAF Operational sorties from there including the Short Singapore flying boat (Mk.III K6912 of No 205 Squadron RAF 14 October 1941 aircraft transferred to No 5 Squadron RNZAF), Supermarine Spitfire (PR.XIX PS888 of 81 Sqn 1954) De Havilland Mosquito (PR.34 RG314 of 81 Sqn 1955) Short Sunderland flying boat (GR.5 ML797 "P" of 205 Sqn 15 May 1959) and Bristol Beaufighter (TT.X RD761 Station Flight 1960) The Short Sunderland flying boats started in RAF service from Seletar on 22 June 1938 with 230 Sqn a sister squadron of 205 Sqn, Masjid Gedhe Kauman in Yogyakarta build in traditional Javanese multi-tiered roof. Dendeng paru a dish of dried beef lung cooked in spices.