8/15/2010
Notable quote by Lee Hsien Loong
"Let us welcome them with an open heart, help them to fit in and encourage those who will become citizens to strike roots here. If we do this well, by the next generation, their children will be native Singaporeans." Lee Hsien Loong
The future of Singapore is looking very bright and exciting. We are going all out to woo the brightest talents from all over the world, including those who helped in one way or another to create the world's biggest financial collapse, to work with us. Yes, if we handle this well, Singapore's future will be rosy and good.
And we have hundreds of billions in our reserves that would serve our future well too. And the large reserves will come in handy to the financial experts coming into our shores. Together with GIC and Temasek, if we manage these monies well, we may not have to work in the future. The money will work for us, with the help of all the financial talents.
We are talking about our future getting better and better. Presumably we are doing very well now. And yes, many are doing excellently today except for the few oldies that needed $20 to help out in their transport fare and a few who have to live in the parks. Tell them not to worry, the future is looking really good, that is, if we handle the situation well.
What if we did not do it well?
$20 for senior commuters
Gan Kim Yong is dishing out $20 from his CCC fund to senior citizens affected by the recent fare hikes in public transport. Only those who are 60 and above and have less than $1,500 monthly family income qualified. It is expected that this will cost the CCC $20,000. This is a one time payment though there is possibly of further payments.
Is there a real problem affecting the senior citizens? After all it is only a few cents per trip. And this is not enough even to buy a can of soft drink. So why the hooha? Gan Kim Yong had received many complaints during his meet the people session. So there is a real problem. Other MPs are also getting more complaints on the same issue.
If there is a problem, how is a one time $20 going to help remove the problem? Is this just a gesture of kindness or a temporary measure while the MPs are seeking a real solution to the plight of the poor oldies?
Should those who made the decision to increase the small and irritating few cents of financial burden try to do something, like donating their bonuses to help them? After all their bonuses can come to several hundred thousands each and quite likely paid by these small increases?
I don’t think anything will happen as the small hike is going to bring in many benefits to the oldies in the future. The hike is a good thing, helping the oldies. It becomes ridiculous to dish out more money for the oldies when they are supposedly benefitting from the hike. Or is it?
8/13/2010
The Bankrupt of America
‘The US is bankrupt and it doesn’t even know it. Economy won’t be big enough to handle US$4 trillion in entitlements owed to 78 million baby boomers.
Let’ get real. The United States is bankrupt. Neither spending more nor taxing less will help the country pay its bills….’ This is the heading and first paragraph of an article in Bloomberg, by Laurence Kotlikoff, Professor of Economics at Boston University.
Yeah man, The US of A is a bankrupt country. And it is still strutting its stuff everywhere thinking that it is still the big boy in town. But the best part of this fiasco is that they think that they can act rich and spend their way out of this rut. They are going to print and print more greenbacks for the Americans to go on spending. This is the happiest solution that anyone can ever think of. In fact it is ingenious. A bankrupt spending like a millionaire and as if there is no tomorrow. And the problem will go away.
When is America going to carry a bowl and go a begging in the streets of London?
Notable quote by Seelan Palay
“Before we begin, I’d like to clarify that I’m in the dock in shackles, cuffs and chains not because I have committed any crime. I am here in this state because of another unjust law administered on behalf of the PAP Government.” Seelan Palay
I copied the above quote from jacob 69er. Seelan was speaking to the judge just before the proceeding of his trial. I totally disagree with the way we treat and handle our political activists with cuffs and shackles. Do we have to be so mean? They are not criminals and not violent. Many are well educated and responsible citizens.
The Americans have their Guantanamo and think it is an acceptable thing. And the world kept quiet about the whole sordid happenings there.
A frightening and uncanny similarity
Please read the extract below from an article by Laurence Kotlifkoff, an economics professor of Boston University.
‘We have 78 million baby boomers who, when fully retired, will collect benefits from Social Security, Medicare and Medicaid that, on average, exceed per capita GDP. The annual costs of these entitlements will total about US$4 trillion in today’s money. Yes, our economy will be bigger in 20 years, but not big enough to handle this size load year after year.
This is what happens when you run a massive Ponzi scheme for six decades straight, taking ever larger resources from the young and giving them to the old while promising the young their eventual turn at passing the generational buck.
Mr Herb Stein, chairman of the Council of economic Advisers under US President Richard Nixon, coined an oft repeated phrase: “Something that can’t go on, will stop.” True enough, Uncle Sam’s Ponzi scheme will stop. But it will stop too late….’
Just think of our CPF scheme, and also the public housing scheme. The ever increasing price of HDB flats, direct from HDB or resale, is like taking from the young to pay the oldies. And of course, promising the young that the housing bubble will go on expanding, never ending, and they will reap their millions tomorrow.
How long can this go on? Or as Stein above said, ‘Something that can’t go on, will stop?’
8/12/2010
What is $10 million?
This is a statement that a friend of mine used to gripe about. He was cheesed off when he heard this statement made by an elite. That is another world of successful people who have made literally tons of money and $10 million is not money to them in the real sense.
It is better that we come down to earth and talk about $100k. What is $100k? Some foolish people take this just as a number. What is $100k if the resale price of a 3 rm or 4 rm flat goes up by that amount? To the owner or seller of the flat, wow, I am richer. Think again. What is this amount to the young couple earning a combined income of $3k means to them? It simply means that they will have to work for 3 years for nothing, and that is if they did not spend a cent, to earn $100k to pay for the flat. In reality, people who earn $3k can at best save $500 pm. This means his debt or burden because of this $100k increase in the price of a flat will drag him down for at least another 10 years.
For those foolish people who cannot see any meaning in a $100k increase in public housing price, please sleep on it. Or you may want to rubbish it as another gripe that is best not spoken and not heard. It is the problem of the losers.
Be thankful for the gripes
What would this island become if there is no gripes? One thing for sure, we will continue to see 3,000 public flats being built annually and the resale price of 3 rm flats could be $1m by now. And yes, our population will have hit 6m! And SMRT will be happily recruiting pushers to push the commuters into the sardine packed trains and happily announcing more profits.
What else could happen? Ministers would be laughing to the banks with $10m salary. Floods in Orchard Road will be time for celebration and parties. Car insurance would be more expensive than the value of the car itself. And there will be many more mind blowing stuff that would be taken for granted, or as normal and acceptable.
Gripes are like symtoms of a sickness. The symptoms appear, crying for attention to treat the disease. Failing to heed will only see the disease going from bad to worst. Imagine if there are no symtoms, like no gripes, the victim could be dead sooner without knowing why.
Be thankful, be very thankful, that the people are whining and griping. Only deaf frog would not be bothered with whining and griping. They would not know and live in their own state of oblivious bliss. And some choose to be deaf frogs. The drones of vuvuzuelas are irritating. But they serve a very important purpose.
Why have Reach? Waste of time and money indeed, if griping is seen as unhealthy and to be ignored, buried under the carpet. Don't want to know. Put on that 4m smiles and everything will appear fine.
8/11/2010
Japan PM apologises to South Korea
Japan PM Naoto Kan apologises to the people of South Korea for the humiliating colonisation of Korea in the early 20th Century. The thought of colonising a people of another country, robbed them of their pride, culture and identity, treating them like animals and murdering them at their fancy, is something unthinkable today. How could any country go around thinking of colonising and subjugating another people of a different country? Such thinking was prevalent during the days of colonialism. Prior to that, hunting slaves was also acceptable in the European world.
Though the world has changed since then, the domineering thought of superior race and of controlling other inferior races is still in existence in many countries. And some Japanese are still harbouring this grandeur of their past supremacy.
The apologies by Kan has been attacked and rejected by some extreme quarters in the Japanese govt. It is disgraceful to make such an apology as far as this group of people is concerned. They would not apologise for the humiliation and atrocities inflicted on the lesser races, especially to the Koreans and Chinese and other Southeast Asian countries.
Would Japan really repent and denounce their past militant doctrine given the fact that there are still many 'conservatives' who would want to relive their past glory? America is encouraging the remilitarisation of Japan as a lackey to wage war with China. Would this foolish act of the Americans, in unleashing the animal in the Japanese psyche, lead to more turbulent times in Asia?
There is no honour in war and in invading another country. It is gangsterism at its worst.
We are doing it for Singaporeans
The govt is doing it for the sake of the Singaporeans. This is the most explicit commitment made on National Day by Hsien Loong. We need to bring in more foreign workers for the sake of Singaporeans. Can’t the Singaporeans understand what the govt is doing?
What else were done for the sake of the Singaporeans?
Higher GST, for the sake of poorer Singaporeans.
Higher HDB prices, for the sake of Singaporeans who have bought their flats earlier.
Higher minimum sum and Medisave, for the sake of Singaporeans during old age and when hospitalised.
Higher medical fees, a world class medical care for the sake of Singaporeans.
Higher public transport fare, for the sake of Singaporeans, benefits akan datang.
The govt has been doing so many good things for the sake of the Singaporeans. Why are Singaporeans still complaining, whining and griping? Are the Singaporeans so dense that they cannot appreciate what the govt is doing? Look at the foreigners, they know exactly what the govt is doing and know how good they are. And they are very appreciative of what this govt is doing and fully support this govt. The dense Singaporeans should talk to the foreigners and get enlightened.
KNN, the $100 levy to enter the casinos is also for the sake of Singaporeans.
8/10/2010
Would your parents love you less?
Would your parents love you, or love you less, just because you are a little slow, a little dull, a little complacent? No, parental love transcends all the superficiality of physical perfection or human perceptions of goodness and cleverness. No parents will send their children packing because they are less able, and replace them with other people’s children. It is always children first, under all circumstances, and the more disadvantaged the children are, the greater the parental love and attention. Parents are protective and will sacrifice everything to care for their children.
Would parents, deserving to be parents, bring home other people’s children to share the bowl of rice with their children, on the presumption that other people’s children will in the end make life better for their children? And why would other people’s children care for the well being of other competing children?
Is this a fallacy or a high falutin theory?
No worthy parents would ever think of bringing home better looking or more able children to replace their children, to bestow them with loving tender care. They make do with what they have, their less than perfect children. Most parents would continue to provide more, to make sure their less able children will not be disadvantaged. That is what true and genuine parenthood is all about.
Singapore’s two addictions
Be in Ice or Heroin, an addiction is an addiction. The danger of all addictions is that it takes more and more to get the same high. This means it cannot be stopped or hell will break lose. It is a vicious and very destructive cycle.
Our country’s two main addictions are OPM and OPT. OPM comes from statutory boards and the CPF. These money becomes cheap loans to be invested, some called it gambling for big stakes, for high returns. Theoretically it sounds good, borrowing cheap money to invest for big returns. The problems come when the returns are not enough to pay for the low interest or the high operation cost. Then what?
Don’t pay back! But this cannot do. The payback can be delayed, even for generations, but the time must come when someone will call for payback time. The Americans have been very successful in borrowing OPM and thinking that it was a good thing. It was a good thing when they can afford to pay back. Now their debt has ballooned to a point that they cannot pay back. It becomes a debt that is too big to pay back and too big to default. The consequences are grave. We are intoxicated by OPM and happily plunging into the same deep end as the Americans, thinking that there is no need to pay back.
The truth is that no matter how many spins and schemes can be created to delay the payback, the spins and schemes only add to the gravity of the problem. There is no running away unless we strike lottery.
For the last ten years or more we have depended heavily on OPT, Other People’s Talent. We saved a lot of cost to produce these talents and we used them cheaply, making more savings. Our whole economic growth formula is now dependent on OPT. Like OPM, it is another deadly drug. There are side effects to the addiction and there is a big price to pay for. No drugs that give one a high does not come with a price.
What is this price and when will be pay back time? For the moment, we only see the good side of OPT and OPM. But like all good things, they are too good to be true. Anything that is too good to be true is dangerous. And the more dangerous part of it is that we cannot see the danger of it.
The fundamental economics principles of hard work, thrift, small but genuine profits, not easy profits, high productivity, better goods and better services are discarded for high risks, high returns, for easy profits that we don’t have to work for it. Like the Americans creating all kinds of fictitious and worthless paper products to be sold to the suckers. Worthless notes, toxic notes, derivatives, are illusions that will go pop as they designed to do.
OPM and OPT will also go pop one day. They cannot keep piling up with no limitations like turning on the tap and they will keep following. And like all fixes, you need more of them to sustain the next high.
South China Sea, an issue of US Commitment or Interference
Chua Chin Hon, ST’s Bureau Chief in Washington, wrote an article titled, ‘South China Sea issue a test of US Commitment’. The article can best be summed up as a western interpretation of events in South East and East Asia and the role of US to take charge as the undisputed Empire. It touched on how China was staking its claims to 80% of the South China Sea and how this would have rattled the littoral states. It took for granted the US position that 80% of the four oceans are part of their national interest without mentioning how the countries of the world would react to it.
Then it pointed to the increasing Chinese military presence and drills as unacceptable developments while the huge military exercises of the American naval fleets in the East China Sea, Yellow Sea and South China Sea as how things should be.
What is pertinent in the article is America’s leadership role in Asean. After Hilary Clinton’s attack on China’s position in the disputed South China Sea islands, which provoked a strong reaction from China, the Americans were quick to use this as an excuse to stake their claims to leadership in Asean and their role to lead Asean against China. As Ernest Bower of the Centre for Strategic and International Studies(CSIS) remarked, ‘If you rattle the cage with China like this and depart, you probably can’t be forgiven.’ And Bower added, ‘To be honest, there’s enough pressure now, particularly with the Chinese reaction, that it may require the Americans to take a leadership role (at this stage).’
This is exactly the intent of the Americans. Provoke a crisis situation and instigate the innocents to be a party to a dispute with the Americans as the undisputed leader. In Bower’s words, ‘I don’t see many Asean countries with the political courage to stand up and take the lead when the elephants are butting their heads.’
The Americans do not see the Asean countries capable of taking on the Chinese in a contentious situation when military is needed. Only they are capable of fighting a big country like China. Would the Asean states be dragged into a confrontation with China instigated by the Americans? The relationship between Asean and China has been one of diplomacy and peaceful negotiation. And Asean was and is able to take on China on an equal basis with no fear of China’s use of force. Would this stance be changed and Asean becoming another SEATO, an extended arm of the American Empire set to pitch against China in a military contest? Or would Asean be wise enough to steer clear of the American scheme of things and remain neutral and independent? The US is coveting a leadership role in Asean and this is the real issue, a test of Asean’s resilience and independence from big power domination.
Has Asean been less effective over the years without carrying a mighty sword to the negotiating table and now see it necessary to have the backings of a superpower to conduct its dealings? Would Asean be goaded into a confrontation with China and turn Southeast Asia into a war torn region like the Middle East? This is what will likely to happen if the US is allowed to lead and dictate how Asean shall behave.
8/09/2010
Notable Quote by Allan Snyder
‘I will be most distressed if my son comes back with a string of As. Going by my research, it would mean that he is probably not going to do anything exceptional.’ Allan Snyder, Director, Centre for the Mind, University of Sydney.
Would words like these give comfort to our mothers and fathers of children without straight As and with some struggling at the bottom of the heap? I am no expert in education or predicting the future of children or assessing their potential. According to Snyder, his research shows that the champions and successful people have nothing to do with their academic achievements. Many have been very successful, even in technical and professional fields, without having straight As. Quite a number were drop outs from schools. The Americans have many luminaries in this category and so do we. Some billionaires in our midst would have been in the Normal Stream of our education system.
The mystical thing is that their talents are not in the books. They are gifted or blessed to shine in different fields. How then can we persuade our parents to view things from a different perspective and not just straight As? Are there ways to change the mindset, change the branding and labelling, to accord recognition and acceptance of talents that are not academic geniuses but geniuses in their own rights in other fields?
Where shall we start? We have been bungling with this notion of academic brilliance equals success and a good life, which is generally true but not the absolute truth. We need to take a different path, jump into the river or swim the ocean, to find ourself and our own meaning in life.
Straight As will in all probability end up being a good civil servant, a good employee, and nothing spectacular. Many of the great inventions today came from non straight As students.
8/08/2010
National Day Message, A Retake
Every National Day is a time for reflection about what this country is all about. National Day brings to light the meaning of nation, and the perennial question being asked is whether we are a nation, or are we getting there. After 45 years of strenuous nation building exercises, sadly, we acknowledge that we are not getting near there. It is still a work in progress.
Maybe this is a blessing. Why should we want to build a nation when we can have the best of both worlds? We can have the best people, the most successful people coming here to live in the best city modern history can provide, and we don’t have to be bothered with the responsibility of looking after incompetent and loser citizens who could not make the grade. Just simply tell them to go else where and the vacated place can be quickly filled up by more able and talented individuals who are hungrier and less demanding. An indirect way is to make the cost of living so high that they will quit voluntarily.
Should we therefore be craving to build a nation? Or are we chasing a construct that is no longer relevant to a small city state? A hotel, a piece of prime land for those who can afford the best, with no obligations or commitments, no responsibility, run by a mercenary force of hardnosed businessmen should suffice. Let’s be real and pragmatic and reinvent ourselves. Ooops, ourselves is no longer relevant. There is no us or them. Only the board of directors of a prime estate offering its space for those who appreciate how well it is being run.
No citizen to please, no need to plan for social security and cheap public services. Pay for what you get and pay to live here. Nothing is free. The present citizens can always opt out of the scheme, sell out, clear their CPF savings and move on.
Let this be the last National Day and everything shall start anew on 10 August, no citizen, no NS, no govt services, no social services, no subsidies, no handouts, no entitlement mentality, no gripes. And no need to be bothered by unreasonable and demanding citizens. Ah, no need to build cheap public housing. Sell private properties only, to the highest bidder, to the one who can pay the highest market price. Welcome to the world’s Best Run Private Real Estate.
PS. Of course I am talking cock. The difference is that I know I am talking cock.
8/07/2010
More flats to be built in 2011
Mah Bow Tan has come out to assure the first time home buyers that more flats, to the tune of 16,000 units will be built next year, and more to come if the demand is there. It is good that he has implicitly acknowledged that there is a serious mismatch in the demand and supply of HDB flats and is trying his best to meet the penned up demand.
The current spate of new flats being offered would ease the demand somewhat and perhaps slow down the surging prices of resale flats. This does not in anyway help those first time buyers that have been adversely affected by the shortage over the last few years. Many have to put off their marriage plans, baby making plans and whatever plans. Even with the current measures, it means that they will still have another 3 years to go before anything will happen. It is still a consolation that there is some light at the end of the tunnel.
Would Mah Bow Tan stop at this? How would he compensate those that have missed the boat to get a HDB flat and were booted out of the HDB scheme when their incomes exceeded the $8000 ceiling, while trying to get a flat when the supply was low. And the policy then did not give first time buyers higher priority? And there are those that would now have to pay for much higher price HDB flats because they could not get their flats earlier.
These first time buyers were callously dismissed by HDB and fell victims to its slow building phase and are adversely affected both in their plans to set up family as well as financially. Their plight cannot be ignored and the boosting of building programmes did not in anyway help this group of buyers or alleviate their problems. Some are caught between the devil and the deep blue sea, not enough savings to buy private and not eligible for HDB.
Let’s see whether Mah Bow Tan would consider doing something for these people, or would he say just too bad, water under the bridge. Let's move on. Their problems were not totally of their own doing and Mah Bow Tan should shoulder some of the responsibility for not anticipating the mismatch of supply and demand. They have every right to demand HDB to reconsider their cases and bring them back into the HDB scheme.
_________________
8/06/2010
3 most costly expenditure of Singaporeans
The 3 most expensive items that Singaporeans have to throw their money at are property, car and hospitalisation. A simple flat is likely to cost an average Singaporean $1m by the time he pays up his mortgage. The cars which he would have to purchase in his lifetime would range from $300k to more than a $1m, to an average Singaporean. The rich would spend more than $1m for a car, let alone several million dollar cars in the backyard.
Then, given the fact that a Singaporean will live past 80 or 90, the luck of spend a month in hospital could cost him another few hundred thousand. Add another $500k to raise a child through university, geeze, that's quite a lot of money to pay in one's lifetime. But Singaporeans are rich, so not a problem paying for them.
Time to celebrate National Day for the good life and able to pay for it.
HDB flats are cheap and good
Kudos to HDB, said Chan Kok Wah in a letter to the Today paper forum. I agree with him completely. HDB flats are so cheap, when compare to the prices of private developers. They are extremely cheap when compare to those in HongKong and Tokyo. We should be so grateful that our public housing flats are so cheap when comparing with the two most expensive cities.
Why don't we look closer and compare with what the Malaysian govt is giving to their people? You can get a 3 rm landed property for MY$120k. And this is about $50k! My god, if our $500k 5rm flat is cheap, I will go crazy trying to find a word to describe the Malaysian public housing.
It all depends on what one is comparing. We are very good at using the worst to tell our people how fortunate we are. We never use the best in other countries to show how bad we are.
Cheap, cheep, chip. Next please.
Who is littering my country?
Singaporeans are being blamed for the increasing littering on the streets. If this be so, our education system has failed badly. Our anti littering campaign has failed badly. Our heavy fines and CWOs have failed miserably. It saddens me to think that all the education and campaigns and fines could not teach our people to keep our streets clean. Don’t forget our toilets are still the dirtiest among the world’s worst. How then could we call ourselves a first world city with first world people and with first world etiquettes and conducts?
Living among us there are more than 1 million foreigners, maybe 1 million. Would they be the one who are doing the littering and dirtying of our streets and toilets? I would suggest that we set up a task force to catch some of these culprits and check on their identities. If most of them are Singaporeans, then the schools are not doing enough. If most of them are foreigners, then we should know what to do.
Living in our midst, in HDB estates, the school children, the foreign workers and the office workers, there are many foreigners. We need to know why are we failing in cleaning up our city and raising a population that takes pride in keeping our country clean.
8/05/2010
The Rules apply to babies and toddlers
There was an impressive news clip last night showing how serious SMRT was in enforcing its No eating and No drinking rules in the trains. The officers were meticulous to the word, very professional and polite, checking on commuters eating or drinking in the trains.
For babies or toddlers sucking their milk bottles, they cordially invited the parents and babies to their staff room to drink in comfort and privacy. Now this is nice. I hope no one will come out with a betterer idea to provide special feeding rooms for babies and toddlers in every station, with hot water and wash basins as well. Please don't get any idea on this.
This is my country. I love my country. I celebrate National Day on this.
Time to buy another car
COE is down. It was $36k last month and now $32k. Cars are now getting cheaper. Better hurry down to place my order for the next one before the price goes up again. I am hearing everyone saying, cheap, cheap and cheap. (It was $10k a short while ago.)
I will call the car salesman today and place my order. How much to bid for the COE, any amount, no problem. If he wants to bid $100k also can. I know that I don’t have to pay for that sum as the monkeys cannot afford to pay so much. So many monkeys will scramble and count how much they could afford before submitting their bids. And knowing that they don’t have much money, how much could they afford to bid, $30k or $40k? They would exhaust every little savings they have. That is all they can afford.
To me and those who are, ahem, very comfortable, what is a few million? So bid $100k, bid lah, what is the problem? The system is so kind to people like us, bid high high but no need to pay high high. : ) I love this system. It is an amazing system, very well conceived. Sometimes I feel sorry for the monkeys.
Ding dong policies
The family is the core unit of our nation building. We want our young to get married, have children, at least two. We want them to be filial, to visit their parents, look after and care for their parents. And better still, 3 generation family under one roof. We want our womenfolk to be productive, to go to work and provide that second income to pay for cheap HDB flats where one pay check is not enough.
On the other hand we build flats that are smaller and smaller. Not only that the flats cannot accommodate 3 generations together, with 2 or 3 children, there is no room for a maid which is becoming a necessity to many families.
The car park fees keep going up. How to visit parents when every hour is charged? How to be filial and stay overnight with parents when over night parking fee is doubled? Don’t they want the children to visit their parents, spend time with their parents, to share quality time with the family? And the parking fees for second car of children who want to spend more time with their parents are so costly. And instead of providing for adequate car parks, they only know how to increase the fees to keep people away.
Parking is not just parking. It is a social activity, an essential family activity, an activity related to filial piety. It is also an activity where grandparents can help to look after the grandchildren while the parents are at work. The parents don’t just come back to pick up their children and scoot off immediately.
The parking policies, providing inadequate car parks and prohibitive parking fees are anti social and anti family. The shoe box flats are also anti family and anti procreation. You mean you don’t know? Ding dong, ding dong, like two balls banging against each other happily ever after.
It is unbelieveable to think that this doubling of carpark fees is universal and applicable to all car parks whether they are full or half full. Will it be implemented like dat?
8/04/2010
Manifesto of Reform Party
Below are the 19 policy pledges of the Reform Party that I copied from its site.
This is a list of 19 policy pledges that are on the top of our agenda for action when we gain a majority in Parliament:
Providing Cheaper and Better Lower-Income Housing by releasing more land for house-building and allowing the private sector a greater role
Universal health insurance to be funded through current CPF contributions replacing current Medisave and Medishield schemes
Basic Old Age Pension payable to all provided they have worked and paid into CPF for a sufficient number of years
Reform of CPF to make contributions above those necessary to fund health and unemployment insurance and basic pension voluntary
Universal child benefit scheme (as part of Guaranteed Minimum Income) to replace current tax breaks that heavily favour women on higher incomes
Guaranteed Minimum Income for those in work to replace current Workfare system and to be integrated with child benefit and tax system
A Minimum Wage to encourage businesses to raise productivity
Reforms to Foreign Worker Policy to ensure that business gets the skilled labour it needs but that our own citizens come first
Reductions in or exemptions from GST for certain categories of goods like food that form a higher proportion of total expenditure for those on median incomes and below
Universal free and compulsory education from pre-school through to secondary level
Expanded university enrolment and increased investment in improving quality of education for everyone
Increased assistance for older workers and women re-entering the labour market to retrain and acquire new educational qualifications
Reduction in NS to 18 months initially with aim to reduce it to one year as soon as feasible
Requirement for new citizens and PRs to do NS or to pay lump sum tax instead
Privatization of Temasek and GIC and distribution of equity to Singaporean citizens of more than five years standing
Continuing Business and Foreign Investment Friendly Environment coupled with low tax rates
Greater help and support for local SMEs to grow world-class companies
Abolish restrictions on freedom of expression to encourage creativity and innovation necessary for a 21st century knowledge-based economy
Reduce waste and inefficiency in government starting with slashing ministerial salaries and replacing it with performance-linked earnings tied to indicators directly related to your welfare
I am sold to these pledges. I just want to add one point on the housing policy. Do away with salary ceiling. If we build enough flats, there is no fear of those who earns a bit more fighting with those who earn lesser. Forcing young people to buy expensive private flats is wicked.
Also, every citizen who has served NS should be entitled to buy a flat from HDB as a recognition for his sacrifice to the nation.
I support all the 19 pledges.
Are we at war?
My eyebrows were raised when I read an article by Ong WeiChong in the ST today. The article 'Preserve the link between citizens, SAF' mentioned our soldiers involvement in the wars in Iraq and Afghanistan.
I quote,
'As part of the multinational effort to restore stability in Iraq, 998 SAF personnel were deployed in Operation Blue Orchid in and around the Iraqi theatre from 2003 to 2008. The SAF presence in Afghanistan to date has included provincial reconstruction teams, medical teams, a weapon-locating radar team, an unmanned aerial vehicle task group, aerial refuelling aircraft teams and artillery trainers. The technicality that Singapore is not at war does not disguise the fact that SAF personnel are operating in a war zone.'
Fortunately, I believe, we have no casualty yet. What if one of our boys come back in a black plastic bag? Would he be considered KIA, killed in a war? I pray nothing of such will happen to our boys. Such missions are not the same as those in Meubulah during the tsunami crisis when our boys were there to provide and assist in humanitarian aids.
A warning to triple A countries
The Americans continue their provocations against the North Koreans with more military drills and a series of offensive anti North Korea media reports. Many western reporters have been roped in, including some from Asia and even Singapore, to write derogatory and biased reports about North Korea and Kim Jung Il.
Now they are intensifying their provocations by attempting to freeze North Korean bank accounts in US banks and western banks that the US could manipulate. And they cry out loud that the North Koreans are provocative. But the western world and the American lackeys could not see any provocative acts on the part of the Americans. What did the North Koreans do to be branded as provocative? Could not they react to such provocations by the Americans?
The freezing of North Korean bank accounts is a warning to all the triple A countries that their turn will come. These Asian, African and Latin American countries should take heed of this warning and move their money out of America and American banks, including those banks that are American allies, particularly those in Europe. They should park their money in banks that the Americans cannot lay their hands on or touch them.
But if they choose to be silly and continue to park their money in American and European banks, they will have to take the risk of their money being frozen one day.
Work to live longer
LKY has said it and proven this to be true. He is a living example. Yesterday there was a letter to Today’s paper disputing this claim and quoting two research papers, one by Japanese Nobel Laureate Dr Leo Esaki and another by Dr Ephrem Cheng of the University of Alberta. Both papers pointed to people living longer if they retired earlier than later. The studies based on American workers in AT&T and Boeing, Lockheed and Lucent concluded that employees who retired at 65 died within two years of retirement. On the other hand those who retired at 50 or 55 could live up to 85.
Is there a contradiction or conflict in LKY’s position and those of the two academic. Actually no. What is important is that people who retire early should continue to work on a part time basis and ‘at a more leisurely pace, without the stress of the daily grind.’ And, ahem, that is what LKY is doing. He had retired from the premiership many years back and is working at a pace comfortable to him, without the stress of the daily grind.
For those who are going to continue to work and retire after 65, the study says they will die within two years after retirement. But there is a little hope. If they just stay on the job, they may live and work till the day they die, may be 80 or 85, provided the job is still there for them. The food court cleaners are the best example. They will live to a ripe age, working happily in the food court. But my experience in the food courts is that none of them appear happy. They are mostly grumpy, grouchy, hot temper and quarrelsome, anything but happy.
8/03/2010
Solving problem Singapore Style
We have just solved the night car parking problem in HDB car parks. We have solved the jams in our road system, we have solved gambling addictions among Singaporeans, we have solved our housing problems. We have solved the problem of not able to get quality politicians by using money. We solved the corruption problem too. Even insurers of motor vehicles have learnt the trick. We have solved many problems by applying the same principle, using money.
How we used money to solve problems can be classified under two distinct categories. The first is to throw money at the problem. The more money thrown at it, the faster will the problem be solved. The second method is to make the affected party pay for the incompetence of the organisation. In applying this method, every problem becomes a money making opportunity. I think problems are most welcome as problems will end up in boosting the bottom line.
Naturally the second method is the preferred choice. The smarter Singaporeans are aware of this and are afraid to raise new problems as their own pockets will be affected. The ignorant will continue to raise problems to be solved with their pockets being emptied.
A few outstanding problem awaiting to be solved. The recurrent flooding in Orchard Road and many other areas, and the crowding in MRT trains. The solutions are at hand.
8/02/2010
Should Singaporeans be angry?
In a discussion in PAP's Facebook, it was claimed that a PR by the name of Fahim Hameed had called Singaporeans scums for not appreciating the things the govt have done for them. I am not sure how true this is, but it sounds real as several blogs have reported on it.
Should Singaporeans be angry to be called scums by a PR they invited to live with them, to make money here, and also to enjoy our hospitality?
I think they should not and there are many reasons for it. In the first place, the PRs are here to help the Singaporeans, help to create jobs for Singaporeans, help to increase GDP growth, have in population growth, help to improve our genetic pool, help Singaporeans to be more productive and competitive.
And Singaporeans can sell their flats and make profits from the PRs too, or rent out rooms for pocket money. Be grateful, Singaporeans.
And to have a PR to call Singaporeans scums is actually an honour. If Singaporeans are scolded by lesser talents, then it will be an insult. But PRs are normally more talented. And to be insulted by a better talent is no shame. Singaporeans should instead say thank you to this Fahim Hameed. Without Fahim, Singaporeans would not know that they have become scums in the eyes of FTS.
The Booms and Fear
Seah Chiang Nee posted an article in the Malaysian Star paper titled, GDP up, but no cheer heard. It is a true reflection of the sentiment on the ground. Who cares or is interested in the 15% GDP growth? Who would such a number benefits? Only those that will benefit from it will be quietly patting themselves of the good news and the goodies coming their way.
The surprising reaction is that the booming economy is going to lead to more fears. The fear of high inflation and higher cost of living. The first frightening news is the arrival of another 100,000 foreign workers to meet the demand of a booming economy. What this simply means is that more people crowding the public facilities and transportation system. Higher property prices. More social problems, more competition by cheap labour.
Singaporeans would likely ask, what is in it for me? Economic boom, bigger reserves, GIC and Temasek’s holding in record high. For who, benefit who? Singaporeans would be lucky to be given an angpow of a few hundred bucks. The trouble is that no sooner than the angpow is received, they will be taken back in many other ways.
The public transport companies have already started to raise their fares by a whopping 40% and the people are asked to tolerate and wait for it to benefit them. This is new. In the past, they give first before taking back. Now take first then give and probably take back more later.
Maybe this will answer Seah Chiang Nee’s observation on why no cheer for a booming economy.
8/01/2010
The Cocks are crowing
With the high ridership in public transport system, particularly the trains, all kinds of brilliant and silly ideas are being churned out. There are actually no brilliant ideas at all but mostly silly ones. They are as silly as those offered and implemented to reduce road congestions. All ends up with the motorists paying more for being caught in slow traffic and jams. The silly ideas being bounced around will do the same thing. They will increase fares without improving the situation.
The problem must be addressed first if we are to solve the overcrowding in trains. The problem is simply too many commuters and too few trains, like too many cars and too few roads.
Some of the ideas like employing staff to shove commuters into trains were happily suggested as if it is a fashionable and acceptable thing because the Japanese are doing it. It is obnoxious to shove people around like animals into a cage. Never learn or do silly things just because a developed country is doing it. Think first, on what is good, reasonable and desirable in a first class transport system. Don't copy blindly.
Another silly idea is to charge more for peak hours like ERPs. Another stupid idea of course. Most of the commuters are not rich and have to arrive at their places of work on time. Stop thinking of fleecing the poor commuters on an inefficient or inadequate system.
The overcrowding is a simple manifestation that the train system is unable to cope with the increase ridership. You need more trains running or more lines. On the contrary you need to bring down ridership. The latter is no go as the public are encouraged to take public transport and give up their cars.
Wait till another 100,000 foreign workers join the crowd. The signs of over capacity are there for all to see. The island is overcrowded and the infrastructure is straining. The flooding is another sign that there is just so much space left and further development or demands on space will lead to system breakdown.
Say again, 6.5 million or 10 million population is our target? We need more people to ensure economic growth? It is time to stop adding more sardines into the tiny can.
7/31/2010
Inviting a wolf into a sheep pen
Asean's invitation of the US to play a bigger role in the region is like inviting a wolf into a sheep pen. The US is notorious for warmongering. In fact it thrives on wars. It depends on wars to survive, to keep its weapons industry going, its huge military forces and weapons useful. Starting wars and propagating wars is the US way to sustain its economy and keep itself relevant.
Wherever the Americans are, there will be wars. The latest casualty is Pakistan. It had many years of peace without the US. The moment Musharraff went dining with George Bush, the country was plunged into warfare. And it is still at war. The other notables are Iraq and Afghanistan. Iran and Korea will be next. And to keep an incessant series of wars in the pipeline, it is sowing seeds in the Asean region, encouraging the Asean states to stand up to China with their backings. The Filipinos used to do that by arresting or harrassing Chinese fishing boats. Of course they knew that they had the Americans behind them to pull the whiskers of a sleeping dragon.
Would Asean be thrown into a state of turmoil and warfare? Will Southeast Asia be no longer a zone of peace, freedom and neutrality? We will have to see how silly the Asean leaders are and the consequences of playing with fire.
The Return of LKY
There is no doubt who is in charge in Singapore. Whatever the ministers are doing, there seems to be tacit approval before they could be passed as govt policies, except for trivial policies and issues. And when things get rough, LKY is there, the real goalkeeper. He is the final stage of defense and will not let anything go pass him.
With his declaration that there should be no retirement age, no retirement, work till death do us part, LKY has announced his return to politics and govt. It is very likely that he will run for Tanjong Pagar in the next GE.
I see this as a good sign. We never have anyone that is near his calibre after all the years of scrapping the bottom of the barrel and paying multi million dollar salaries. LKY is still the man that everyone looks up to, locally and internationally. And he is everywhere today, a little slower but not his grey matter. He could talk his way out against the best minds anywhere. He is still sorely needed to run the country and keep things in order.
Let's return LKY to power and resume his rightful position as the PM of Singapore in the next GE.
7/30/2010
Good news for first timers
This is the headline in Today paper. It reported that 95% of 4 and 5 rm flats in two BTO projects in Bukit Panjang and Jurong West will be set aside for first timers. So, should first timers be happy?
What about those first timers that have been kicked out of the HDB queue and no longer eligible because of the low building rate in the last few years? Many young professional couples would have breached the salary ceiling after 2 or 3 years of work and if they did not get the flat in time, if they found a partner late, they will no longer be able to buy HDB flats even if they are first timers.
And their plight is that they will be forced to pay through their noses for private properties. It is like hanging a huge debt on them just when they are starting a new life. It is a very cruel situation for young people to be forced to take up huge housing loans because of mismanagement in public housing policies, or is it an imbalance in supply and demand? And they have to pay the price for the imbalance.
Where is the good news to this group of first timers? The media shall do a survey on how many young couples have been forced out of the system and put out a story on this.
With housing prices shooting to the sky, every Singaporeans must be eligible to buy a HDB flat. They have served their time in NS, and are expected to fight to defend this country. Why should they be deprived of a public housing flat when new citizens who have not done any contributions to the country, no NS, are eligible to buy public housing?
7/29/2010
Work till death do us part
The new mantra, to work for as long as one is able, no retirement age, will take the Singapore employment scene by storm, that is, if it is implemented. And this is very likely so as the advocate is none other than LKY himself. What does this simple change in employment policy means? Colossal!
We will have more ancients staying in politics and govt till the end of time. Legislation will have to be changed. CPF will be obsolete. Lifestyle will change as 60 will now be the prime of one’s life and 20 to 30 years more to go. The young managers, in their 30s and 40s will have to make way or wait long long. The oldies will be making a comeback.
And we may not need a 6.5 million population after all. If everyone is employable and working, the workforce will not shrink so dramatically. And it really makes sense to our 25 to 30 year education system. Such a long education will be a complete waste of resources if the graduants only can work for 20 or 30 years. Now, with no retirement age, the productive years could be extended to 50 or 60 years.
I am all for it. Anyone want to employ me? Can take another 30 year mortgage! Wow, HDB flats repayable in 60 years, … cheap, cheap, cheap.
Notable quote by Jack Lin
'WE got first class ministers and Govt, but still got third class citizens'. By Jack Lin
The above quote posted by a YPAP activist in the PAP Facebook is incurring the wrath of netizens and PAP leaders are coming out to contain the damage. Jack Lin too has came out to apologise and explain what he actually meant and not to insult Singaporeans.
My view is that Jack Lin, like all netizens, should be free to express his views. We all have strong views of things, positive and negative. It is a freedom of expression and people can agree or disagree with him. Jack Lin and his comrades can then defend their position and eventually a common ground would be reached and both sides will understand each other better.
What's wrong with a personal view like this? Netizens took offend in the sense that the view could be a reflection of the party or the likes of what future PAP leaders will be. The party can easily come out, like it did now, to say that it is just an individual's viewpoint. Period.
It is a healthy discourse which naturally has opposing views. As long as everyone is sensible, keep it to the topic and not resort to name calling or suing, I would say, let the debate continues.
And Jack Lin should be free to say what he wants to say. In fact everyone should be free to express his views, logically and coherently of course. We cannot keep people's views, especially genuine and sincere ones, under the lid. It would be hypocrisy.
7/28/2010
China did the right thing
When faced with American provocation and drum beating to raise tension in the Korean Peninsula, China did the right thing by telling the provocateurs to get lost. What China did was to conduct its own war exercises in its coastal waters. And by so doing, it activated the live firing zones in the Yellow Sea. So live rounds would be fired and if American and South Korean ships strayed into the area, it would be at their own risk. And the risk would include the surrounding area as the soldiers could misfire or fire at the wrong place or wrong target.
The Americans knew that China meant business when protecting its own territorial waters is concerned and quietly move their war mongering to the sea between Japan and North Korea.
North Korea should do the same, start its own wargames and activate the sea as a live firing zone. Then stray bullets and missiles can hit wrong target accidentally. That should keep the warmongering nations at bay and to think twice. North Korea is not Iraq and the Americans could only second guess how far their missiles can go. The west coast states of America should not be a problem.
Trading companies instead of trading stocks
I have this enlightening theory about trading stocks. Ok, it is not new. Sell stocks of mature companies and industries. These are old and have very little growth potential. Buy into growth stocks in emerging markets and industries. Such stocks have very high potential for exponential growth. Ok, there are some risks involved. Out of 100 maybe 90 will fail or fold up. But the 10 or so stocks or companies will make enough to cover for all the losses.
This simple theory can be applied to buying and selling companies as well. For example old mature companies like banks, SIA, Keppel, Sembawang Corp, SPH etc etc, are all too old and ripe. Not much growth potential. Take profit and sell them away. Use the cash to buy new growth companies, companies in emerging economies or growth industries. If one hits a good one, like Apple, never mind losing the rest.
Oh, just a word of caution. When applying this strategy, make sure that it is not your own money that is put at risk. The best way is to set up a fund, use other people’s money. At the worst, if the theory does not work, just fold up the company and start another new one.
7/27/2010
The Economics of Pragmatism
We don't have enough land, above and below, to build longkangs to prevent floods. Our land are about the most expensive assets in the world. We need them to generate wealth than to collect rain water. We may not have land for longkangs, but sure we have plenty of lands to build prime properties for big profits. And sure we have plenty of land to take in another 5 million people.
The main consideration is to squeeze as much value as we can from the plentiful or limited land, depending on how one wants to view it, so that the developers can laugh all the way to the banks. A little flooding is acceptable. That we can live with, but no land shall be wasted.
It is all about economics and maximisation of returns. I hope no property developers reading this seriously think that they can build properties without having to build longkangs. Shouldn't the two be part and parcel of developing infrastructure? The more buildings and structures are built, the more people living on them, the need to have more longkangs and sewerage pipes.
Economics and profits may be important, but the longkangs are complimentary to the existence of all the infrastructure and cannot be dispensed with. You can have your buildings, but you must built a network of longkangs to make the place liveable. Like they say, you can't have your cake and eat it as well.
Myth 222 - The Ignorant Singaporean Myth
How many people really believe that Singaporeans are ignorant? I don’t believe a wee bit that Singaporeans are ignorant at all. Singaporeans know exactly what is happening around them. Even the non graduate talents like Jack Neo and Mark Lee are as street smart as the university graduates. And they too know what to say and what not to say, what can be joked and what cannot be joked.
The reason why Singaporeans are reticent and appear stupid or ignorant to some is that many are perfecting the art of Tao, the art of doing nothing and all will be done in due course. Yes, when the boat nears the bridge it will straighten itself.
In a way Singaporeans are quite like the Thais. The Thais are known to be overtly loyal and obedient to their revered king. But time is near, and they are talking. Even Ahbisit told the military and the King to stay out of politics. And many Thais are saying, quietly in private, and now openly, calling for a change in the political system, without the King and the military’s meddling.
Who knows how long will the Thais continue to revere their King and how long will the monarchy last? The Singaporeans are as ignorant as the Thais. Oh, I am not saying that the Thais are ignorant. The word ignorance has a different definition and meaning in a different context and time.
So, how many people believe that Singaporeans are ignorant?
Willing the problems to go away
In paradise this is the easiest thing to do. There are many problems and there are no problems. Does anyone hear about problems of high insurance premiums? Does anyone hear any complaints about the 40% hike in public transport fares? Does anyone hear anything about CPF, CPF Life, Medisave, minimum sum schemes that turn your money into fixed assets that cannot be moved?
The extraordinary rain and extraordinary floods are just acts of god. And the mess in public housing demand and supply is only an imbalance, maybe also an act of god.
The trick about willing the problems away is not to talk about it, not to report in the media. Then quietly the problems will disappear. This is Singaporean ingenuity.
7/26/2010
IMF warns of Spore inflation
'Singapore's inflation is likely to accelerate and policymakers should stay vigilant on the outlook for growth and prices, which may require the "further calibration" of monetary policy, the IMF said....' This is quoted from a front page article in mypaper today.
When I read this statement the only thing that came to my mind is that the IMF is talking nonsense again. Where got inflation here. If there is any inflation, it is good inflation. These people from nowhere think they know better than the locals.
A 5 rm flat may cost $30k 35 years ago and $600k today. But this is not inflation. It just so happen that Singaporeans have too much money and savings and don't mind spending that kind of money. And what's wrong with it when they can brag about how expensive and asset rich they are now? And then there are foreigners who are willing to pay more for the public housing flats. This is proof that the properties are worth every cent they paid for.
It is not inflation and there is no inflation. How could there be inflation when the annual inflation rate is 3 to 5% or even lesser?
I am so lucky
I won’t say that to Wally. You see, Wally thought he was smart and had a good deal when an FT bought his 3 rm flat for a fortune. Yes, it was a fortune for Wally to build a palace in LiJiang. The palace is up and Wally the emperor is enjoying his life there.
But little did Wally know that the FT, if they are worthy to the name FT, must know something more, or is smarter than the locals. And the FT has proven to be right. The ridiculous price that he paid Wally was not ridiculous anymore. The price of HDB resale flat is going up and up and the FT is going to make a fortune. Wally thought he had a good deal. But the FT is having a betterer deal. All he needs to do now is to sit on this little gold mine and see his fortune grow by the day. Wally must be regretting now.
I almost sold my little flat too to join Wally. On hindsight, I can now celebrate for procrastinating to sell my flat. If the FT is right, another 30 years I may be able to buy 5 palaces in Lijiang instead of one today. And if I wait longer, another 30 years, I wonder how many more palaces I could buy.
So I am just going to feel good about my little HDB flat and my good fortune. Its price is going to go up and up. And I can keep smiling and smiling as the media keep a good daily update of how expensive my little HDB is getting. Oops, I mean how worthy I am by the day with my HDB flat appreciating in value in an unstoppable manner, and more FTs and those citizens that were squeezed out of the HDB queue came knocking to offer me more. The COV is enough to see me retiring, smiling into the twilight.
To borrow a phrase from Wally, I am waiting for the next sucker that is going to pay me more for my HDB flat?
7/25/2010
Who is paying for the flood damages?
I shouldn't be asking this question as the answer is obvious. Someone's slip and well, it was just a slip. Maybe it is not a slip, just an insurmountable act of god. The insurance premiums for the shops and houses are going up. And the insurers, would they be content with just those affected by the floods? For safety measures, they will apply the new premiums to as many insurees as possible. I am not suggesting that more bonuses could also be bundled into the premiums.
The building owners too will have to upgrade their structures and services and all the cost will go the way of the tenants as well. The shopkeeper will know what to do. They are not going to bear the cost for sure. The price of their goods and services are going to go up.
Not sure how the owner occupied properties are going to spread the cost or pass the buck.
In general, all the consumers will have to pay for this act of god that no human feats can overcome. And some silly buggers are comparing how lucky we are by looking at China and other countries. For one, their wrath of nature is many times for formidable than ours. Our rainfall is like a tropical thunderstorm. Yes it is a tropical thunderstorm that we have lived with for many generations. What is all this nonsense about typhoons being in the picture?
And for a little piece of rock and we can't deal with it? Nevermind, just bear with it and with the higher cost coming our way. Maybe we need to import more super talented FTs to help us. Just make sure they don't recommend that when it is going to flood, move to higher grounds.
7/24/2010
Asean should censure the US
It is heartening for Asean to ignore the American pressure to impose sanctions against the North Koreans on a drum up charge by a kangaroo court that the North sank the Choenan. The fact or the truth is still in deep water and both the Americans and South Koreans are afraid to let an independent international team to investigate the evidence which they claimed were facts.
This is a real slap on the face of Hilary. She and Gates were the most vocal at the Asean Summit in Hanoi, trying to drag Asean to condemn North Korea without giving Asean a chance to verify the truth. They kept shouting that the North Koreans were provocative when they conduct war drills at the North's doorstep and wanted to freeze some 100 North Korean bank accounts overseas. With such outright provocations, instead they are pointing the fingers at the North Koreans.
Asean should pass a resolution to censure the US for their provocative acts against North Korea.
Further, they are trying to incite the Asean countries against China by offering themselves as the mediator to the counter claims to the Spratleys and Paracel islands. The countries involved in the disputed islands have more or less reach some kind of understanding or agreements. The Americans would not accept that and want the issues to be blown up and raise tension between Asean states and China.
Such stirring of shit is the standard operating procedure of the US to get other countries to be at each other's throat. How clever of the evil empire.
Do we need million dollar FTs?
Do we need to employ multimillion dollar FTs to tell us that if we don't take lunch break our productivity will go up by 10%? You pay me half of that and I will raise productivity by 40%... by extending trading hours by 4 more hours. How about that?
And all our workers need just add another 2 hours of work and our economy could grow by another 10%. And Swee Say please don't worry about quality of work life. No need to talk about CBF. Just work 24 hours better still, more productivity.
What is the problem with the stock market that such a desperate measure is even thinkable? Is the market doing roaring business? Running out of ideas or didn't know the real problems facing the market?
Why are so many retail investors losing their pants and losing faith in the market, and no longer in the market?
Is the market fair to small traders, a level playing field for all investors?
Are there parties that are having extra advantage and wiping out the small investors?
Are the hedge funds and big funds operating like trawlers, scoping up everything and destroying the market in the process?
I don't believe that none of the supertalents knows what is really wrong with the market. I also believe that some will know that scraping lunch break is a silly idea and would not do any real good to the market if the flaws in the market are not removed.
If they don't have any idea, just ask Obama or see what he is trying to do to save the American stock exchanges.
7/23/2010
FTs without the local losers
What would this country be without the local losers? One thing for sure, no more soldiers and uniformed personnel. No one will be buying the overpriced HDB flats. And no one will be fighting with the FTs for train and bus seats.
And no complaining about govt policies.
Notable quote from Remy Tan
What a country needs is not just talent, but also commitment and loyalty....Remy Tan
Remy Tan wrote to the ST commenting on the Wharton and Harvard couple who decided to move to Singapore because Singapore benefits them but then changed their minds because of xenophobic postings in the blogs.
I can agree with Remy Tan's comment but with some qualifications. What he said is only true if it is a country. If it is a hotel, then what is needed is more talents and not commitment or loyalty. And this is the exactly what is happening to the MNCs. All the executives are creaming off as much as they can from the organisations knowing very well that at some point in time they will have to leave. There is no need for commitment or loyalty to any organisation or country. It is one's own pocket and interests that matter.
Are we building a country or are we turning it into a hotel? A hotel always places the interests and comfort of its guests first. The staff are there only to work and collect pays. If we go the direction of the hotel, then what we need are talents and more talents and more talents. No need commitment nor loyalty. The latter are foolish ideas to con the fools.
What is a little extraordinary rain?
We have overcame many extraordinary challenges to make us what we are today with extraordinary men paid with ordinary salary. Today we have extraordinary men paid with extraordinary salary and we could not solve a little problem caused by a little extraordinary rain.
Singaporeans are gasping in disbelief. They would be less demanding and would expect much less if we have ordinary men paid with ordinary salary and trying to overcome extraordinary challenges.
Men like Goh Keng Swee and his colleagues would be turning in their graves knowing that we are now stumped by a little extraordinary rain. And more unbelieveable, we have not only extraordinary men but also super foreign talents to tap their expertise from. And we have all the money to pay for it. All we need to do is to throw some money into the air and many great solutions will instantly appear.
7/22/2010
Singaporeans queuing up to be maids
After yesterday's report of a maid inheriting $6m from her employer. I am also thinking of becoming a mate, oops, I mean a maid, and hopefully inheriting a couple of millions as well.
Being a maid can be quite rewarding at times. My friend's mother gave the maid her diamond ring after a few month's of care giving. The maid was so attentive to her needs, helping to wash and bath her as well.
There are wonderful maids and maid employer relationship. There are the other extremes when employers took every advantage of maids, like tying shoe laces in the public when the employer could do it herself.
My friend employed a maid with tying shoe laces as a primary duty. He could not tie his own shoe laces for he could not see nor touch anything beneath his waistline.
Anyone want to employ a male maid, with a carrot of a few millions at the end of the contract? I know many Singaporeans are already asking to be maids under the same terms. It is not really a bad job or a bad idea you know.
The Americans trying to start World War 3
The intene provocation by the Americans against North Korea should not be taken lightly by the world community. The Americans are fabricating all kinds of charges against countries across to the world and raising tension to precipitate a world war. Any miscalculation at the Korean Peninsula could easily burn down the two Koreas and Japan and could drag in the rest of the world. China and Russia will definitely not be standing by idly while the Americans go on with their rampage and destruction of the two Koreas.
The UN should initiate an independent investigation into the American claims of the Choenan sinking, send a team to verify the evidence and settle the issue in the name of world peace and justice. The UN cannot continue to standby on the side line like a lame duck or accomplice of the American evil scheme to burn down North Korea at the expense of turning South Korea as a war collateral. Only the silly South Koreans will go along with the scheme and foolishly ignorant of how adversely would they be affected should war break out.
The world community must pressurise the UN into action.
Papa coming out to help
Can any of you remember the days when we were young and needed to hide behind papa? Or can any of you recall how your little boy or girl came to you for help or hid behind your back while the teacher reprimanded them?
It is a very powerful tactic to invite papa to stand up for you when you are young and running out of excuses. This is even better if your papa is a big time gangster as in Jack Neo's movie 'I not stupid'.
I am waiting for his next movie and I am sure there are plenty of social issues and material for him to work on. He may want to try one with the title, 'Inviting the god' or 'chea shin' in Hokien.
Desperate situation desperate measures
I am quite confused actually because reports and data provided by the media told of a different story. There were glowing reports that everything is getting betterer. So if I called it desperate measure for a desperate situation is probably wrong.
The stock market is doing roaring business with trading volume at all time high and derivatives and all kinds of American gimmicks gaining more acceptance by the market. So business must be good and so is income, especially those of remisiers.
SGX has just announced that it is planning to scrap the lunch break so that trading can be continuous. The extended training hours, 90 min, would allow more tradings to be done and also capture the swings of other markets. The immediate rewards for cancelling the lunch break is that traders can trade more and remisiers can earn more commissions. Maybe for giving up 90 min of lunch break a remisier may earn another $16. That should take care of breakfast, lunch and dinner plus transport fares. Not bad at all.
I think this is the most brilliant idea that I have come across in my entire working life. To extend the logic to other areas, imagine if our ministers and MPs work continuously through lunch, no lunch breaks, our economy could grow by another 10% at least.
Some may call this idea idiotic, but this is just a matter of perception. And maybe those who are laughing at this silly idea do not have the talent to appreciate what it means. I won't call this idea brilliant either. I think it is simply ingenious, and the person coming out with such an idea is a genius.
And as National Day is around the corner, we shall award this genius with a National Day Award. We can call it the Uniquely Singapore Genius Award.
The only betterest idea that can beat this ingenious idea is non stop trading, 24/7. Only an exceptional genius like me can think of it. Then we can ride the highs and lows of all the markets around the world. And if any investor has a dream of a stock running up, they can wake up immediately to call the remisier to place an order. And those insomniacs can call remisiers at 3am in the morning for a chat. This will be the added service that remisiers can provide when trading is 24/7. Great stuff.
For the time being, just go with the no lunch break. All the struggling remisiers would fully support it. Then we can give notice to the restaurants and shops in Raffles Place not to open for lunch.
7/21/2010
Need to make Singapore Singaporean friendly
We have many calls to make Singapore more friendly to foreigners, to dogs and cats, to the disabled, to little babies in prams, to cyclists. I think Singaporeans may want to scream out loud, to make this island Singaporean friendly.
Singaporeans seem to be getting the wrong end of the stick most of the time, and are feeling being left out in the cold. They have been taken for granted, to be left alone to fend for themselves, to be fleeced, to be cheated, to be conned, to be abused, to be threatened, to be told that they are not good enough, to be called losers, to be told to go somewhere else, best, by foreigners.
Would there be someone out there kind enough to try to make this island a bit friendlier for Singaporeans?
More Malays in senior appointments in the Military
Teo Chee Hean reassured the public that more able Malays are taking up senior and sensitive appointments in the military and security services. This came about in Parliament after queries were raised concerning a self radicalized Malay, Muhammad Fadil, was arrested by the ISD. The radicalized path of servicemen in the military and police is a serious concern as the danger and consequences could be very damaging to national security.
It is also natural to place a linkage on such arrests to opportunities for higher appointments in military and security services. It is also good that Chee Hean put the matter to rest. The Malays should not be unduly worried that an isolated case like Muhammad Fadil would jeopardize their chances in the various govt ministry.
The Malay issue has been a difficult problem for the govt and great afford is being made to make sure that able Malays would not lose out in pursuing a career in the military. With more Malays assuming higher appointments, they could only do the Malays proud and prove that they are every inch a Singaporean like everyone else.
Another discovery after the Great Flood
The latest Great Flood has led to a new discovery in the Stamford Canal. It was discovered that the Canal with a capacity to deliver water up to 1 and ½ Olympic size swimming pool per minute is not able to tahan two onslaughts of rain of more than 100mm coming within half an hour of one another.
Obviously a new canal with a bigger capacity is needed. Maybe they should consider a canal that can take 4 onslaughts of 200mm rain within an hour. Maybe be even bigger to cater for a population of 8-10 million people. Such possibility is now higher with the weather, being the weather, misbehaving so badly recently. And as the world gets smaller, not only that we will have to face the problems from La Nina and La Nino, we will now have to watch the typhoons in Vietnam and the South China Sea for flooding.
In the meantime work has started to review the whole drainage system and the weather pattern of unpredictable world climatic changes.
7/20/2010
New laws against xenophobia
I share the concern raised by Radha Basu in the ST today. She pointed to the xenophobic postings in cyberspace and feared that many talented FTs will be turned away from paradise. She quoted two super foreign talents who had intention to settle here but changed their minds when she showed them the anti foreigner blog postings.
This is serious and may become a national crisis when the additional 100k foreign talents that Hsien Loong said was needed refuse to come here to work. Our economy will not see the 15% growth and Singaporeans may lose their jobs as well. And for sure, no big bonuses.
Xenophobia has no place in this city of the world. Our country is meant for all the supertalents to live here. We need to quickly introduce laws against xenophobic Singaporeans, especially the oldies and those less talented that are most vocal against foreigners. These people must be put behind bars quickly. Or at least they should be made to wear green vests and paraded along Orchard Road or Raffles Place.
But the law must also be fair to the less talented and ignorant Singaporeans. Foreign talents that beat Singaporeans, be they 3 year old or 90 year old, or ridiculed Singaporeans must be given a one way ticket back to where they belong. This would at least appease the unhappy Singaporeans for the anti xenophobic laws.
How many of you are in favour of such legislations?
HDB flats for collateral! Cannot Mah...
HDB flats will now not be allowed to be used as collateral for loans. This is to protect the owners from losing the roof on their heads. The good thing is that it will join the list of things that Singaporeans can smile and feel happy about aka money in CPF. The high prices of HDB will now make Singaporeans smile and smile. But if they want to go to the Ah Long for a loan, the Ah long will say HDB cannot mah.
Never mind lah, it may be a myth of wealth, but many happy Singaporeans with HDB flats worth a million bucks will can be seen smiling and smiling in the kopitiams.
7/19/2010
How to prevent more flooding?
People are starting to question the causes of the recent flooding. It is no longer amusing, or something that will go away. It is something that is going to stay and get worst. June and July are our hottest and driest months. Wait till December and January come, then we will know how serious the flooding will be.
For the moment blame has been put to the Typhoon in Vietnam, to little twigs and unusually heavy rain. Looks like the rainfall in one month is equivalent to a whole year's rainfall. Going at this rate, rainfall will be up by at least 500% by the year end. Thank God we got the Marina Barrage or the whole island will be under water.
While some may think that the Marina Barrage is a cause to the flash floods, I think otherwise. I am going to put to the blame solely on the building of Noah's Ark. We not only have one already standing on top of the Marina Sands Casino, there is another one coming up at Buona Vista, a mega church that looks like an ark. I think we have one too many arks in this little dot. As was told in the bible, once the ark was built, the heavy rain will come, with the flood.
So, blame it on the arks! And to stop more flooding, you got the answer now. Or maybe we should ask Paul, the octopussy, for the answer.
My two dangerous hobbies
I thought writing and photography are two of the best hobbies for an oldie to take up. After reading the papers, I am got this feeling that they are extremely dangerous hobbies.
I read that a photojournalist was handcuffed while taking photos of the flood and the official reason given was that he was obstructing the rescue work. And the author of a book 'Once a Jolly Hangman', Alan Shadrake, was arrested for defamation.
I must be very very careful not to obstruct the law and not to defame anyone. But I would like some MPs to ask questions on when and what kind of acts would necessitate a person to be handcuffed.
Many people are shocked by such news.
The politics of flooding
The repetition of several severe floodings over a short span of time is raising goose pimples in Singaporean gossip circles. In cyberspace, practically every forum or blog worth its salt is very unhappy about the incidents. Some even called for the sacking of the Minister of Environment.
Flooding is now politics in Singapore. It will become one of the big issues awaiting the General Election, standing shoulder to shoulder with the heavy weights of inflated housing prices, inflation, employment, foreign workers and medical fees. There is no need to think very hard why flooding has become a hot political potato.
The root cause of this problem can be traced to the completion of the Marina Barrage which was touted as our solution to flooding. There was kind of an expectation that flooding will now be history with technology, talent and money on our side.
And the expectation is not groundless. We have always been trumpeting that we are the best, we have the money to pay for the best, and the best is all we have. Any shortfall in this expectation, any slipshod work, will become intolerable. The people’s expectation has been raised to a very high level. And you can’t fault the people for it. For they believe in what they have been told. They are in good hands and the good hands are paid with good money to do a good job.
The only people that should be happy must be the shops in Orchard Road. Whenever there is a flood, they got free advertisements here and around the world. Everyone will be writing or talking about it. Lucky Plaza and Wendy's must be a common household name by now. They shouldn't be complaining, I hope.
7/18/2010
A new vibrancy in town
While Tharman was trying hard to water down the heavenly expectation of a 13-15% growth, while he was trying to say that it was an anomaly, he even sounded embarrass for such an economic data, he finally ended to the extent of saying that this was a flash in the pan incident. Nothing to gloat about.
So there should be more sanely expectation of our economic growth next year. No more than 5-6% if my reading is right, for that is a reasonable number for a nearly mature economy. We are no longer a developing country when everything is waiting to be developed. Our only growth factors now are property and high inflation fueled by importing more foreign workers. Remove these elements and we could see a recession in our way.
Then again, there are new opportunities for growth. While we thought that the construction industry has been full blown and should go to a hibernation stage soon after the two IRs and the slew of HDB flats going to be built, I am seeing a gigantic opportunity that could drive the economy for the next 10 to 20 years.
The flooding yesterday was serious. No one would dare to explain that it was caused by some twits or twigs clogging up the drain. They have done that, by fencing up the drains from twig clogging. The damages are huge and will continue to do damages down the road. And the frequency and severity cannot be ignored as a one in 50 year incident.
There is a need to appoint a consultancy to study the whole drainage system and maybe to rebuild a network of drainage tunnels around the island. The machinery used my MRT for tunnelling work could still have a life. Then they could even consider new concepts like flotation gear for new buildings or capsules to keep water from flooding the basements.
A network of tunnels will brighten up our friends up north. Mammoth projects like this is their cup of tea. They may even quote for the building of a floating city or a floating island. All new buildings should be built on stilts. The experience in Kukup will come in handy. They have built a whole new village on concrete stilts into the sea.
In the meantime, the car workshops and mechanics and the insurance people will be busy making more money from the cars turned submarines. Oh god, my car insurance premium is going to go up again. It is my fault, the fault of motorists who own cars and so it is only expected that they should pay for the higher insurance claims.
7/17/2010
The biggest lie modern man lives with
The US of America proclaimed to the world that it is the most peace loving country. And all Americans worthy to be called Americans will rise to clap on that. The American leaders know that they were telling a white lie. The country has been engaged in wars, unstoppable since the end of the second world war, and mostly initiated by themselves on trumped up lies and excuses. The enemies were always unscrupulously inhuman and wrong. Righteousness and goodness were on the American side. So is God. And the American public believe so.
Not only the American public believe so, the American allies and lackey countries also believe so, at least when they spoke to the media. But deep down, they all know that they were believing in an American lie. They knew that America was the worst warring country since Germany and Japan in modern history. But for their own survival and vested interests, they have to sing the American tune, and tell the world that America is the most peaceful country. And often these 'axis of evil' countries will also send their soldiers to help in the killings of other human beans, under the command of the evil Empire.
How long will humankind stand up to this big white lie and call a spade a spade? How many political leaders would be honest enough to say so?
7/16/2010
Cost of living up, standard down
'A Wall Street Journal article in January this year wrote that the relentless influx of foreigners has depressed the wages of ordinary Singaporeans, increased the cost of living and led to an overall decline in the standards of living.'
I lifted the above paragraph from an article in TOC. And I believe that some Singaporeans also feel this way, especially those in cyberspace and the losers. How many of you believe that the above statement is true? I think it all depends on how big is your pay check and whether your annual increment is bigger than the rising cost of living.
I have spoken to many people and they said not true leh. They said they didn't feel it at all. Some even asked, 'Oo yiah boh' or 'got shadow or not' in Hokien. But then these are the people who also said, 'What is $10m?'
So the above statement is a very subjective one. I am stuck in between. Don't know what is happening. Perhaps I am the lucky few, the ignorant ones. When you don't know what is happening, life goes on quite pleasantly.
Who is in favour of the recent fare hike?
The fare hike is now a fact of life, a fait accompli. All the commuters are paying for it by as much as 40% more. And we heard about the restoring of a 3% subsidy. And everyone is happy. No one is protesting or complaining about it.
Minister Lim Hwee Hua said the scheme will benefit the commuters in the long run. In the short run just pay more. Just pay first and wait for the benefits to kick in. Benefits for everyone? What about those that just pay more and no benefits?
Yesterday the ST also came out in support of the fare hike. And the same note, pay first and let the scheme works. Works towards what? And is this the reason why no journalist or reporter dare to write an article about the scheme, whether the scheme is good or bad for the commuters, how the oldies/students are coping with it and how much more they have to pay?
And is there anyone who thinks that this fare hike is unreasonable? Is there any MP going to ask question in Parliament about this? So far never heard of any MP saying that they disagree with this great fare hike.
This must be another great scheme that is good for the people.
The American bully telling China off
The Chinese protested to the naval exercise involving a nuclear armed aircraft carrier in the Yellow Sea. To have a major military exercise at the Chinese doorstep is a kind of provocation to both China and North Korea.
The American's reply, like all bullies, is simple. We have the capability to hold exercise anywhere and we will do it. This is the same kind of reply that the Japanese told the Chinese when they tried to colonise China in the dying days of the Ching Dynasty. China was weak and was inviting the stronger powers, like Japan, to attack her.
One day China will hold military exercise in the Gulf of Mexico and the seas off California and will tell the Americans the same thing. For a start, China should conduct naval exercises with North Korea east of the Yellow Sea. In the meantime, train all the missiles at the aircraft carrier and other battle ships during the American and South Korean naval exercise. Send as many nuclear armed submarines to watch the exercise as well.
Temasek's holding at record high
Temasek had announced that it's holding is now at a record high of $186 billion. I thought they had more. Anyway, what this crowing got to do with ordinary Singaporeans? Smile and feel happy, like looking at the CPF statement?
One Singaporean wrote to the ST forum page today asking for this wealth to be shared among Singaporeans. No he did not ask for the golden goose to be slaughtered. He just asked for a drumstick, and as an example, he was talking about 20% of profits to be distributed to Singaporeans. He is not being greedy. He is thinking for the ordinary Singaporeans where a few hundred dollars each can go a long way.
I think the answer is simple. For many good reasons, the money is untouchable or cannot be distributed to Singaporeans. First and most important of all reasons, it is not Singaporeans' money. Temasek is run as a private company and the money belongs to Temasek as a corporate entity. It is not Singaporeans' money. So don't ask for a share of it.
The money is managed by a professional team of experts and they should be paid handsomely when there is big profit. When there are big losses, life goes on.
Secondly, the money is a national reserve. This is the confusing part. It is not Singaporeans' money but I think it is part of our reserve. And the reserve is meant for the rainy day. So the more reserve we have, the better it is for the country. 30 years reserve, or 300 years reserve, even better.
So who is going to benefit from this glowing report of $186 billion? I can't feel any sense of happiness at all.
Nano Singapore
The signs are all there. Small is the way to go. Our public housing are getting smaller and smaller, not the price of course. So Singaporeans will have to squeeze themselves into small flats as a new way of stylist living. Pay more and live stylistly. With such a small space, every little inch of space and corner is expensive and must be optimised. The whole island is a bigger example of how every square foot of land is not wasted.
In a new move, Singaporeans are encouraged to go two wheels, bicycles! Give up driving, even cheap off peak cars should be abandoned. Just cycle, cheap and good.
What's next? A new drug will be invented to shrink Singaporeans to half their present size to fit into the new mantra, 'Small is Good' or 'Small is beautiful'. And yes, we can then take in 20 million people and there will still be plentiful land and space for all.
Just a side track, they are asking small children to start saving in piggy banks! Holy cow, with banking cost so expensive, how could these children's few dollars justify an account in the big banks? The $2 monthly charges will wipe out their savings in double quick time. Big banks are for big customers only. No little children can bank. Is this also part of the small is beautiful and good campaign?
7/15/2010
American Human Trafficking Report a political tool?
Andy Ho wrote an article in the ST today claiming that the annual American Human Trafficking Report is a political tool. He also alleged that the report has a history of inaccuracies. And the better part, for almost a decade, the report conveniently left America out completely without any grading. Finally this year it placed America among the Tier One country, that is, free of human trafficking blemishes.
Am I surprised or no? This report was a de facto world authority in monitoring abuses in human trafficking. Who has accredited this report and given it such a high status is as good as god knows. For those who have been victimized by the Americans, this report is plain rubbish, biased and distorted and adulterated. It is at, its best, an American doctored bastard piece of work.
Only countries that were not smeared or attacked by the Americans would have agreed with the American reports. And they would even believe the American reports to be truthful and authoritative. Only when the Americans shafted the rubbish into their throats would they stand up to repute the reports and call it nonsensical.
Economy in the pink of health
Our economy is growing at a phenomenal rate. Thanks to the able govt. The superlative growth will bring prosperity to everyone. The next GE will surely see the ruling party being voted to power again.
It can't be helped. The people will have to accept it. Where else can you find a govt managing the country and economy so well.
IRs big contributors to economic growth
Our economic growth data for the year is astronomical and unbeliever. Thanks to the two IRs. The numbers of 13-15% are being quoted, way above the 10% of China. In absolute term our 15% may be infinitesimal, but in percentage term it is something to crow about. We are saved by the two IRs definitely.
Now what? Shall we have another one or two IRs? With the present two, our economic growth has shot up by 10%. Another two IRs will see 20-30% quite achieveable. That would be really unbelieveable and a world record again.
But going this route could push the two and then four IRs into the red, like the stock market. Too many stocks and derivatives and too few investors, with many becoming penny stocks or ghost stocks. The two IRs are doing roaring business. Another two may also do roaring business if the supply of visitors and gamblers continues to grow. If not, they will go kaput.
Maybe a little restraint will be better. Follow the public housing policy. Build lesser than the demand and be happy with the long queues of applicants and over subscriptions. Prices can be pushed higher and higher with demand swarming over limited supply. The entrance fee for citizens can also be raised if the number of IRs remains at two.
This is creative management of supply and demand in a free market economy and everything else can be left to free market forces. And if prices go up, just point the finger at the free market forces. It is the problem of the market. Or it is how free market should work. Long live free market and free entreprises.
7/14/2010
What is Third World politics?
Let me try to figure out what are the features of a Third World political system from what we see in the Third World countries.
1. Often it is run by a dictator or near dictator leader who leads with an iron fist.
2. Political power is used in every aspect of life to the advantage of the political leader. It is as good as power is right, power talk.
3. Money is a very important element to the political leadership. They just keep amassing themselves with wealth and become very wealthy. This is not true for the masses, and the income gap is always very wide, beyond any reasons.
4. The political leader is always surrounded by henchmen that do his callings. And the henchmen can be ruthless but always mindful of who they are beholden to.
5. Govt machinery and organisations are used to pursue the political objectives of the leader, especially in dealings with political opposition.
6. Political opposition are treated with disgust. They are often harassed, intimidated, persecuted, threatened and imprisoned.
7. Change in political power to another party is unheard of and cannot be accepted
8. Political power is often transferred from father to son or within the family.
9. The military is often used to back the political leadership and could be unleashed to seize political power if needed.
10. Children and family members of the political leader are often blessed with exceptional talents and abilities and are thus appointed to head all the important agencies.
We can see these features very clearly in the times of Saddam Hussein, in Libya, in North Korea and many Afro Asian countries.
7/13/2010
Notable quotes by LKY
'The Taiwanese are ruthless, Hong Kongers are shameless and Singaporeans are ignorant. People who are ignorant are not corrupt and reliable.'
The above is quoted from Today paper 13 Jul 10.
A little bit of unhappiness
The people are getting a little noisy with their small unhappiness. The latest is the fare hike in public transport which is also reported as a fare deduction. So which is which is a bit hazy and may also cause a little unhappiness. We have many little unhappiness here and there and everywhere. Many people will have their little unhappiness but nothing serious.
And the govt knows that all this crap about unhappiness is really nothing to worry about. It is the serious matters that will count and the people are mostly very happy with the appreciation of their property prices and counting how much they are worth everyday, and smiling as their networth is increasing rapidly. Half the population are millionaires in their own rights.
Would the cumulation of little unhappiness be compressed over a short interval of time into a big unhappiness like the torrential rainfall over one or two hours resulting in flooding? The coming GE will see all the little unhappiness coming together and bring out as one major problem by the opposition. Will it work to the ruling party's disadvantage or will they simply fade away like all little problems do?
A brave 9 year old
The 9 year old boy was not only brave, but sexually mature for his age. He initiated a discussion on sex with his 36 year old man tutor. And when the man went into the toilet, he pushed open the toilet door to have oral sex with him. The man was like a defenceless victim being pursued by an aggressive sex predator.
The helpless victim was found guilty for not warding off the advances of the 9 year boy and was sentenced to 6 years jail and 6 strokes of the cane. Ouch, I thought he was being raped and the rapist was being jailed and caned.
This whole episode in today's paper is so confusing. Who was the victim? Was the act so horrendous to deserve 6 years of jail and 6 strokes of caning? And actually there were two willing partners who were not trying to hurt or harm each other. I am very perplexed.
What if the victim was a 36 year old woman? Still a crime for sex with a juvenile. But what would be the punishment?
7/12/2010
Signs of cracks coming to the open
“I hope branch leaders do not make statements that they do not like Singaporeans investing here.
“We must be consistent with our signals both from the top and bottom. What is the difference of an investor from the United States or Singapore? There is no difference actually.
“We cannot be carried away with emotions or be parochial as we must realise that we are in the 21st century and the country must be developed,” Najib said....
These are clear signs that opposition towards Najib's policy to bring Malaysia to the 21st Century, to become a competitive country like the rest of the developing world, is meeting strong resistance. There must be some quarters trying very hard to derail what he is doing. And UMNO Johore seems to be a good candidate especially when there are so many issues that can be stirred. The railway station issue, crooked bridge issue and the Iskandar DR are still works in progress.
Having been kept and held back for so many years with tribal and communal politics and mindset, it is not easy to bring them forward to see the new world. The medieval forces are as strong as the forces of modernisation.
Singaporean investors will be more worried of their investments in IDR and how long Najib will last. And as the investments are going to be long term, what's next or who's next after Najib?
More radicals arrested
The Home Affairs Ministry has announced a few more arrests of radicals last week and Kan Seng is urging the communities and families to report on their kins when they are suspicious of their conduct. This is a tall order indeed. The families, religious leaders, schools etc should keep educating the people to keep this place safe and peaceful for everyone here. The citizens and residents must be free to work, play and go about their lives with no fear of a destructive terrorist attack. It is for the good of everyone.
Families and religious leaders should talk to their own people on how important it is to keep this place safe. This is our home. And if they detect any wayward tendencies or behaviors, perhaps they should take the first step to talk the person out of it. This may be easier than reporting them. Should this fail, then for the good of the family and country, they should do the necessary and report them. Failing to do so can hurt many innocent people very badly. Our lives and jobs will be in ruins.
Pay more for more benefits
We have heard the impossible, that is, pay more GST to help the poor. Now we are being told that paying more for public transport will benefit the commuters. They will see the benefits later. And after all the increase is only $16 per year.
And I know that I am paying $89 more annually as an oldie instead of $16. I know because I am paying for it. How come they claimed that it was on $16 more per year! I am now paying 34c more daily. No need to use computer or abacus to count how much more I will have to pay.
The only thing to look forward to now is more benefits coming my way. Wondering what that would be. One thing for sure, the base is higher and if any future increases on a percentage basis will be from a bigger base.
It is reported in the paper today that under the old system it was the commuters who needed to transfer that were subsidising those who did not have to. So now it is those who do not need to transfer will be subsidising those who need to transfer. Very fair huh. I posted earlier that those who don't have to transfer will now have to subsidise those needing transfer. So I am wrong huh.
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