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...Last year, it was revealed that employees of this office were routinely taking money and having sexual relationships with oil company executives. According to The Wall Street Journal, government employees were also given illegal recreational drugs. There is really nothing wrong with any of that if it does not cost the Treasury any money, but apparently it has. Leases with oil companies which pay royalties to the U.S. government may have been affected. The total amount of money that comes in from the Mineral Management System each year is about $11 billion. If the sex addicts are thrown...
...buyers snapped them up. Waiting lists for coveted spots at international schools like the Singapore American School or United World College of South East Asia were so long that expats were encouraged to register their children at birth in order to gain admission four or five years later. The cost of joining the Singapore Island Country Club and the American Club soared as transferable memberships were bought and sold on the open market like hot stocks. (See 10 things to do in Singapore...
...generous housing allowances that many companies use to entice foreign talent overseas. "I'm beginning to see more expats downgrade to smaller and cheaper apartments," says Michael Ciola, an Australian real estate broker who caters to foreigners. The second luxury to be dropped is the private club. The cost of a transferable membership at the Singapore Island Country Club has slumped to $100,000, down nearly a third during the past 18 months, according to the Business Times Golf Index, a widely followed local benchmark. (See pictures of Singapore...
...developers, despite a fierce, behind-the-scenes campaign to press for help among big property developers. In fact, the outcome - more subsidized housing (about $4.8 billion worth) for relatively low-income citizens - is exactly what most developers didn't want to happen, because they look at the lower cost housing as just more competition in an already glutted market...
...biggest low-cost growth areas is in online tutoring, a relatively new addition to the $4 billion test prep industry. The Princeton Review's cheapest online program - which includes three weeks of access to practice tests and online office hours with a certified instructor - will set you back a mere $85, less than a quarter of what the company charges for a single hour with a flesh-and-blood tutor; enrollment in its online offerings grew 15% in 2008. Over at Academic Approach, online programs are also enjoying double-digit growth. They're more expensive - $499.99 for 45 instructional videos...