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BgvAy TIL that in 1980, Lee Kuan Yew, Prime Minister of Singapore warned Australia it was on track to become the ‘poor white trash of Asia’ if it didn’t open up its economy. Australia did open its economy, thrived, and has very close and friendly relations with Singapore.
epBE4 TIL about the State Banks of South Australia and Victoria, which were financial institutions owned by their respective state governments that collapsed during the 1990s due to poor investment and regulatory oversight, causing crises that brought down the two Premiers in power at the time.
vPOgj TIL Andronico Luksic, the founder of Chile's wealthiest family worth approximately 18 billion, was able to greatly expand his mining business after a Japanese company mistakenly paid him 500,000 dollars for copper interest instead of the 500,000 Chilean pesos he had requested, roughly six times more