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Single elderly Singaporeans need S$1,379 a month for basic living needs, which include everything from curtains to holidays

The figure includes a budget for annual holidays, laptops and internet connection.
President Donald Trump and Federal Reserve Chair Jerome Powell

LARRY SUMMERS: Trump just took another step toward turning the US into a ‘banana republic’

Former Obama economic adviser Larry Summers says Trump's comments on the Fed are "one more step in what seems like a presidential strategy of turning the United States into a banana republic."
Kevin Warsh, addresses the Shadow Open Market Committee during a symposium in New York

A finalist for Fed Chair warns Trump doesn’t get a basic function of the Federal Reserve — and it poses a threat to economy

Kevin Warsh, a former Federal Reserve official who was on Donald Trump's shortlist to lead the US central bank, says the president did not seem willing to respect Fed independence.