Today is the day. Bersih 2.0 is rallying Malaysians to a Walk for Democracy, for clean and fair election. And the venue, the Merdeka Stadium. The cries of Merdeka is going to scream through the air like the cries in 1957.
The Walk for Democracy was meant to be a street rally but strongly opposed by the BN and Perkasa. It took the Agong to intervene for a compromise venue inside the walls of a stadium. This is not to be with the BN sending the police to cordon off all roads leading to Merdeka.
At the same time Perkasa and UMNO Youth Wings, both branded as ultras with very strong Malay rights views are opposing the Bersih Rally. They wanted to hold counter rallies on the same day to march towards the Bersih gathering. Officially these were turned down. But they will continue with their march in one way or another as a show of force against Bersih supporters.
The undertone of their protests against Bersih is racial. They are accusing Bersih of splitting the Malay unity which was something furthest from the Bersih position. Bersih is calling for clean and fair election. What has this got to undermining Malay unity is only for the BN, Perkasa and UMNO Youth to interpret.
By all means, the Rally today is going to turn into a confrontation that can become ugly. The police are there to prevent the Rally from taking place, by order of the BN govt. So which side would the police take in a flare up or when the Bersih supporters approach the Merdeka Stadium?
Tension is rising in KL. The stronger the govt tries to stop the Rally, the greater the resistance and the greater will be the counter resistance. KL is seeing a showdown for a new Merdeka cry. The price to pay for this new freedom can be very high. Would tomorrow be just another Sunday in KL and Malaysia? It all depends on how the police handle the two opposing sides and how violent it turns out. Would 9th July be remembered in the same vein as May 13?
7/09/2011
7/08/2011
The debate between foreign talents and citizens
This debate has been going on for quite some time and some heat has been generated as a result, with some getting personal and Singaporeans being accused of being xenophobic. The debate is healthy but when pointing a finger, one has to be aware that the foreign talents should not be blamed for being here and taking away the jobs from local PMETs. Neither should the foreign talents blame Singaporeans for exhibiting some hostilities. Both are misplaced.
Put it simply, if there is no policy to invite the foreign talents here, if the immigration door is not opened by the govt, no matter how hard the FTs tried, they will not be able to get in. The fault is not with the FTs.
And Singaporeans got reasons to be angry when their jobs are taken over by FTs but not at the FTs. If someone let in the thieves, don’t blame the thieves. Singaporeans should not direct their anger blindly at the FTs, the FTs too would not react so negatively to Singaporeans.
As the saying goes, while the two balls got hanged banging at each other, the guilty one is still having a good time screwing around. True or not?
Put it simply, if there is no policy to invite the foreign talents here, if the immigration door is not opened by the govt, no matter how hard the FTs tried, they will not be able to get in. The fault is not with the FTs.
And Singaporeans got reasons to be angry when their jobs are taken over by FTs but not at the FTs. If someone let in the thieves, don’t blame the thieves. Singaporeans should not direct their anger blindly at the FTs, the FTs too would not react so negatively to Singaporeans.
As the saying goes, while the two balls got hanged banging at each other, the guilty one is still having a good time screwing around. True or not?
Return respectable but not impressive – Analysts
This is the title of an article on the release of Temasek Holding’s financial report. I went through briefly on the charts and totally disagree with this comment. I tried to figure out what which auditing company did the report, or was it done internally, but could not find any names mentioned. So I presume it must be an internal auditor.
What was reported was simply excellent. I think not many fund managers can boast of such remarkable financial returns over the same period covered. I am greatly impressed with the super talents running it. Time to reward them handsomely.
The report covers a period from 2004 to 2011 which was hit by the global financial crisis in 2008. Temasek was badly hit like everyone, and its portfolio value fell from $185b to $130b, registering a loss of $55b. This is no small peanut. In the train I used to read this advert from a fund manager boasting of a whopping US$5b that it was managing. Now look at the $55b being wiped out within a year. That was easily an equivalent of wiping out 10 big fund managers completely.
But no need to worry. In year 2010, Temasek fully recovered from all its losses and its portfolio went back up to $186b, a whopping and unbelieveable recovery. And now 2011, it added another $7b to top $193b. Can you beat that?
Another better indicator is that throughout the period of 2004-2011, Temasek registered profits every year! Even during the global financial crisis, it booked a net profit of $6b and $5b in 2009 and 2010 respectively. If this is not impressive what is? The portfolio could be wiped out by $55b and there was still profit to be made, approximately about 10,000 peanuts.
I think those analysts that tried to talk down this fantastic report of Temasek need to have their heads checked. It is probably the best fund manager the world has ever seen. I don’t think any sovereign fund or funds of this size could do any better than Temasek in the same period.
It is a company that practically cannot lose money no matter what crisis is in the air. Better put in more money for Temasek to manage. Well done, and time for a well deserved fat bonus.
What was reported was simply excellent. I think not many fund managers can boast of such remarkable financial returns over the same period covered. I am greatly impressed with the super talents running it. Time to reward them handsomely.
The report covers a period from 2004 to 2011 which was hit by the global financial crisis in 2008. Temasek was badly hit like everyone, and its portfolio value fell from $185b to $130b, registering a loss of $55b. This is no small peanut. In the train I used to read this advert from a fund manager boasting of a whopping US$5b that it was managing. Now look at the $55b being wiped out within a year. That was easily an equivalent of wiping out 10 big fund managers completely.
But no need to worry. In year 2010, Temasek fully recovered from all its losses and its portfolio went back up to $186b, a whopping and unbelieveable recovery. And now 2011, it added another $7b to top $193b. Can you beat that?
Another better indicator is that throughout the period of 2004-2011, Temasek registered profits every year! Even during the global financial crisis, it booked a net profit of $6b and $5b in 2009 and 2010 respectively. If this is not impressive what is? The portfolio could be wiped out by $55b and there was still profit to be made, approximately about 10,000 peanuts.
I think those analysts that tried to talk down this fantastic report of Temasek need to have their heads checked. It is probably the best fund manager the world has ever seen. I don’t think any sovereign fund or funds of this size could do any better than Temasek in the same period.
It is a company that practically cannot lose money no matter what crisis is in the air. Better put in more money for Temasek to manage. Well done, and time for a well deserved fat bonus.
7/07/2011
Big man, small man
This concept of big man, small man(da ren, xiao ren) has a very long history in the Chinese culture. The rich and powerful were called da ren while the poor and weak were called xiao ren. This was rooted for centuries that it became part of the culture and character of the Chinese people. And the poor and weak submissively referred to themselves, very naturally, as xiao ren when speaking to the da ren. In the palace or among officials, they went one step further by referring to the servants and those of lower ranks as nou cai or slave servants.
By accepting and acknowledging such demeaning terms, the weak and poor were psychologically defeated and accepted their stations in life as people with lesser or no rights vis a vis the rich and powerful. This kind of mentality seems to be so deeply engraved in the bones of some Chinese people, even those in modern Singapore, despite receiving western education that preaches equality and democratic rights of every citizen. There are still Singaporeans who believed and willing to accept that they are less equal than the rich and powerful, that they are the xiao ren in life.
The Indian Singaporeans could be bettered off here after breaking away from their caste system when some are da ren or bigger da ren and some xiao ren or smaller xiao ren in a similar sense. Just by their names they could tell where and what cast the person is. With the influx of the higher castes and richer India Indians as new citizens or PRs, some of the caste system and antics are starting to seep into our society. The lower castes would be shunned naturally. But a Samuel Jacob or a Peter Vincent will keep the new Indian citizens puzzled. Where did they come from, some Tuans from Britain. It is quite an ingenious way to discard and break away from the stigma of lower castes by the adoption of a western name. Now all is equal in some ways.
I am not too informed of the Malay Singaporeans and their perception of their position in society vis a vis the royalties. Fortunately we don’t have royalties here and all is equal.
How relevant is this da ren and xiao ren mentality to modern day Chinese Singaporeans? Ingrained deeply in their bones, and in their blood, the xiao ren are full of humility and self deprecating behavior. They still cannot understand nor accept what democracy and the rights of citizens mean to them. They cannot see themselves as equals even to those elected as their representatives in govt. They still look up to them as the da ren, to listen to, to obey and to do what they are being told. No questioning of their authority or bad decisions that were detrimental to their xiao ren interests. Just accept the position and status of xiao ren and remain, and live life as the unthinking and obeying xiao ren. And the da ren will insist that the xiao ren know their place when talking to them.
I was rebuked for addressing our da ren by names in all my articles, in TRE. In the minds of the xiao ren, this is no big no small, not knowing our position in society. Talking or addressing da ren, one must show respect and humility. How can xiao ren refer to a da ren by name. Very unbecoming, very unacceptable. Obviously that xiao ren has never worked in a MNC before.
From the chat sites, it is often repeated by the bloggers that the xiao ren must plead with the govt to have mercy on them, to change policies to be nicer to them. Their gripes are mostly about obscene housing prices, foreign talents taking away good jobs and unable to take out all their CPF savings. And they could only think of pleading with the govt to be kinder to them, to make housing prices not so expensive, to take in lesser foreign talents, to let them have a bit more of their CPF savings.
In their xiao ren psychic, they never know that they can vote out all the da ren that does not serve their interests and vote in a govt that will work for them. They even fear the govt will come down hard on them like the old days of imperial China. They forgot that their CPF savings are their money. So they choose to plead with the govt like xiao ren pleading to da ren.
The precedents set by the Hougang and Aljunied voters did not seem to wake up the xiao ren mentality. They are still locked or trapped in being xiao ren for good. No amount of education, enlightening of their rights to be equal to every citizen will shake them out of their mental prison. Hey, the ministers that were voted out are now ordinary citizens like you and me.
The surprising change is that the China Chinese have actually discarded this ancient entrapment and are freer as a people. They will protest and fight for their rights as an equal, the rights that every citizen has. There will still be oppression, but they are fighting. They no longer fear authority. The have been liberated from the yoke of the past embedded into their DNA as xiao ren. They no longer called themselves xiao ren anymore. They will demand for their rights as citizens of their country.
The xiao ren of Singapore should learn from the unrefined China men and women on what it is like to be treated equally among all citizens. No doubt there are still many da ren in China that are still corrupt to the core in power politics. But things are improving with many been caught and hanged. The table is turning, and time to learn from the students.
By accepting and acknowledging such demeaning terms, the weak and poor were psychologically defeated and accepted their stations in life as people with lesser or no rights vis a vis the rich and powerful. This kind of mentality seems to be so deeply engraved in the bones of some Chinese people, even those in modern Singapore, despite receiving western education that preaches equality and democratic rights of every citizen. There are still Singaporeans who believed and willing to accept that they are less equal than the rich and powerful, that they are the xiao ren in life.
The Indian Singaporeans could be bettered off here after breaking away from their caste system when some are da ren or bigger da ren and some xiao ren or smaller xiao ren in a similar sense. Just by their names they could tell where and what cast the person is. With the influx of the higher castes and richer India Indians as new citizens or PRs, some of the caste system and antics are starting to seep into our society. The lower castes would be shunned naturally. But a Samuel Jacob or a Peter Vincent will keep the new Indian citizens puzzled. Where did they come from, some Tuans from Britain. It is quite an ingenious way to discard and break away from the stigma of lower castes by the adoption of a western name. Now all is equal in some ways.
I am not too informed of the Malay Singaporeans and their perception of their position in society vis a vis the royalties. Fortunately we don’t have royalties here and all is equal.
How relevant is this da ren and xiao ren mentality to modern day Chinese Singaporeans? Ingrained deeply in their bones, and in their blood, the xiao ren are full of humility and self deprecating behavior. They still cannot understand nor accept what democracy and the rights of citizens mean to them. They cannot see themselves as equals even to those elected as their representatives in govt. They still look up to them as the da ren, to listen to, to obey and to do what they are being told. No questioning of their authority or bad decisions that were detrimental to their xiao ren interests. Just accept the position and status of xiao ren and remain, and live life as the unthinking and obeying xiao ren. And the da ren will insist that the xiao ren know their place when talking to them.
I was rebuked for addressing our da ren by names in all my articles, in TRE. In the minds of the xiao ren, this is no big no small, not knowing our position in society. Talking or addressing da ren, one must show respect and humility. How can xiao ren refer to a da ren by name. Very unbecoming, very unacceptable. Obviously that xiao ren has never worked in a MNC before.
From the chat sites, it is often repeated by the bloggers that the xiao ren must plead with the govt to have mercy on them, to change policies to be nicer to them. Their gripes are mostly about obscene housing prices, foreign talents taking away good jobs and unable to take out all their CPF savings. And they could only think of pleading with the govt to be kinder to them, to make housing prices not so expensive, to take in lesser foreign talents, to let them have a bit more of their CPF savings.
In their xiao ren psychic, they never know that they can vote out all the da ren that does not serve their interests and vote in a govt that will work for them. They even fear the govt will come down hard on them like the old days of imperial China. They forgot that their CPF savings are their money. So they choose to plead with the govt like xiao ren pleading to da ren.
The precedents set by the Hougang and Aljunied voters did not seem to wake up the xiao ren mentality. They are still locked or trapped in being xiao ren for good. No amount of education, enlightening of their rights to be equal to every citizen will shake them out of their mental prison. Hey, the ministers that were voted out are now ordinary citizens like you and me.
The surprising change is that the China Chinese have actually discarded this ancient entrapment and are freer as a people. They will protest and fight for their rights as an equal, the rights that every citizen has. There will still be oppression, but they are fighting. They no longer fear authority. The have been liberated from the yoke of the past embedded into their DNA as xiao ren. They no longer called themselves xiao ren anymore. They will demand for their rights as citizens of their country.
The xiao ren of Singapore should learn from the unrefined China men and women on what it is like to be treated equally among all citizens. No doubt there are still many da ren in China that are still corrupt to the core in power politics. But things are improving with many been caught and hanged. The table is turning, and time to learn from the students.
7/06/2011
A short cut to immediate housing supply
Shoe box is in. Some even glamorize it by how well they furnished the shoeboxes with the most expensive furniture. Some have elaborate designs to make a shoe box look spacious and functional. For those who love shoe boxes or are forced to live in shoe boxes, or those who have no where else to go, shoe box can be an answer.
Boon Wan should seriously consider providing shoe boxes as a quick but temporary solution to solve the housing needs. It is not the most desirable option for raising a family. As a temporary relief, it is still an option to consider.
I am thinking of instant shoe box homes using 20 ft containers stacked and arranged to maximize and optimize their uses. They only need to be modified and fitted with power and sanitation facilities and you get an instant shoe box home for those in urgent need. A 20 ft container may be suitable for a single occupant. A 2x20ft container set up, stacked one over the other or side by side could provide two bedrooms and a little kitchen, a bath room and a small living area for a small family.
And the cost is definitely much lower than all the piling and infrastructure of a permanent estate. The key point is that they are temporary housing and occupants should be looking for alternative permanent housing at the earliest opportunity. In the meantime, a 2x20 ft container set up can be a decent place to stay than pitching tents or squatting or squeezing in a small flat with too many occupants. And with a little spin, even the well heeled singles may transform them into a new lifestyle statement. A little thought and design will turn such a community very liveable, with some landscaping thrown in.
It is temporary housing but well designed to prevent them from looking like slums. A small little pleasure boat, with all the nice fittings can be home to the rich and famous, why not a spacious container?
Boon Wan should seriously consider providing shoe boxes as a quick but temporary solution to solve the housing needs. It is not the most desirable option for raising a family. As a temporary relief, it is still an option to consider.
I am thinking of instant shoe box homes using 20 ft containers stacked and arranged to maximize and optimize their uses. They only need to be modified and fitted with power and sanitation facilities and you get an instant shoe box home for those in urgent need. A 20 ft container may be suitable for a single occupant. A 2x20ft container set up, stacked one over the other or side by side could provide two bedrooms and a little kitchen, a bath room and a small living area for a small family.
And the cost is definitely much lower than all the piling and infrastructure of a permanent estate. The key point is that they are temporary housing and occupants should be looking for alternative permanent housing at the earliest opportunity. In the meantime, a 2x20 ft container set up can be a decent place to stay than pitching tents or squatting or squeezing in a small flat with too many occupants. And with a little spin, even the well heeled singles may transform them into a new lifestyle statement. A little thought and design will turn such a community very liveable, with some landscaping thrown in.
It is temporary housing but well designed to prevent them from looking like slums. A small little pleasure boat, with all the nice fittings can be home to the rich and famous, why not a spacious container?
The most destructive human enterprise
Going green, saving mother earth, conservation, protect wild life and forests, these are the slogans that slipped freely and profusely from the mouths of environmentalists and govt officials. On the other hand they went blindly to destroy mother earth at a faster speed than these slogans coming out of their mouths.
At the Singapore Water Lecture, a recipient of the Lee Kuan Yew Water Prize, Dr James Barnard said, ‘…with a growing population, pure drinking water is becoming a scarcity in many countries.’ Yes, the most destructive human enterprise is human multiplication, reproduction. Every human brought into this earth is going to consume a life time of resources and food, and drinking water. The earth is under stress by the growing population, the number one cancer, which directly lead to all the destructive enterprises, high consumption of food and resources, and energy, global warming, deforestation, emptying the ocean of fishes etc etc.
The world is being destroyed by humans trying to multiply themselves, for economic growth. Singapore is doing its bit too, by cramming more and more people into the piece of rock. We used to have all the water we want, with some from Johore, with only three tiny reservoirs. Today we have 17 huge reservoirs, desalination, shit water, and still some from Malaysia, and we are complaining that water is not enough. We can never have enough of water, power and everything if we crazily add more heads to devour them.
And this also leads to some clever arguments on how to make the people pay more for these rare resources. Or are they versions of self serving logic, to enrich the provider of these resources? Making people pay obnoxiously using self serving logic will lead to karmic retribution. Robbing the people’s money or taking the people’s money from them for all the wrong reasons is not free lunch. There will be pay back time.
17 reservoirs and 3 more taps still not enough. Why? What is the moral of the story? What is wrong with the formula or solution? The simple answer is headcounts. Try 6m or 10 million, you may have to turn the whole island into a reservoir to provide enough water for the people. But also a good reason to make the people pay more for water consumption.
At the Singapore Water Lecture, a recipient of the Lee Kuan Yew Water Prize, Dr James Barnard said, ‘…with a growing population, pure drinking water is becoming a scarcity in many countries.’ Yes, the most destructive human enterprise is human multiplication, reproduction. Every human brought into this earth is going to consume a life time of resources and food, and drinking water. The earth is under stress by the growing population, the number one cancer, which directly lead to all the destructive enterprises, high consumption of food and resources, and energy, global warming, deforestation, emptying the ocean of fishes etc etc.
The world is being destroyed by humans trying to multiply themselves, for economic growth. Singapore is doing its bit too, by cramming more and more people into the piece of rock. We used to have all the water we want, with some from Johore, with only three tiny reservoirs. Today we have 17 huge reservoirs, desalination, shit water, and still some from Malaysia, and we are complaining that water is not enough. We can never have enough of water, power and everything if we crazily add more heads to devour them.
And this also leads to some clever arguments on how to make the people pay more for these rare resources. Or are they versions of self serving logic, to enrich the provider of these resources? Making people pay obnoxiously using self serving logic will lead to karmic retribution. Robbing the people’s money or taking the people’s money from them for all the wrong reasons is not free lunch. There will be pay back time.
17 reservoirs and 3 more taps still not enough. Why? What is the moral of the story? What is wrong with the formula or solution? The simple answer is headcounts. Try 6m or 10 million, you may have to turn the whole island into a reservoir to provide enough water for the people. But also a good reason to make the people pay more for water consumption.
7/05/2011
The most exclusive social club in Singapore
SICC, Singapore Island Country Club, must be the most exclusive club in the island. Among the members are the Who’s Who of Singapore. Anyone worth his salt will want to be a member of the Club and be seen there sipping tea. And membership is not cheap, at $220k current market price. There is a cheaper version of social membership that does not include golf for those who want to be there but not willing to pay for the hefty $220k.
It is reported in the ST that the Club had a big pow wow at last Friday’s EGM. It was the biggest turnout the Club ever had for an EGM, 700 attending and 300 viewing from the TV in the sideline. And the hot issues, upgrading of a golf course and to keep the club exclusive. The latter was pitted between two camps, one for more inclusiveness and to open the door a bit wider for more new members while the other half to keep it exclusive, to keep the door close.
The exclusive group won. The Club shall retain its exclusivity as the most elitist and high end Club in the island. In the earlier days the Club was more or less given to the elite at a token fee for the use of this choiced property. I think today they will have to pay a market rate to PUB for the continued occupancy of this prime land, and to use the exclusive name of SICC instead of PUBIC Club, an acronym for PUB Island Country Club.
It is good that the elitist members won the day and keep this rarity longer. Having such an elitist Club will be a good motivation for those who are striving to be recognized to work that bit harder to earn that $200k to cross the first hurdle. Subsequently, I am not sure what other procedures or regulations they will have to comply to be invited to be a member of the elite.
In any society, it is natural for a divide to be formed between the very successful and the losers. Trying to blend the two together, to be inclusive, is a defeated cause to begin with. It is like trying to make the MRT a gracious place to be in and expect people in suits and evening dresses to sit or stand side by side with the dirty overalls or sweaty singlets and slippers. Arrrrrrghhh….
Society must honour the ablest, let them have their own playground, let them enjoy their success and hardwork, let them be exclusive, as long as they can afford it, and not by seizing the use of public land and pay a token $1 for their exclusive entertainment and flattery. SICC shall keep the elitist flag flying high, as a testimony that it is not wrong to be rich and successful. Bravo SICC.
It is reported in the ST that the Club had a big pow wow at last Friday’s EGM. It was the biggest turnout the Club ever had for an EGM, 700 attending and 300 viewing from the TV in the sideline. And the hot issues, upgrading of a golf course and to keep the club exclusive. The latter was pitted between two camps, one for more inclusiveness and to open the door a bit wider for more new members while the other half to keep it exclusive, to keep the door close.
The exclusive group won. The Club shall retain its exclusivity as the most elitist and high end Club in the island. In the earlier days the Club was more or less given to the elite at a token fee for the use of this choiced property. I think today they will have to pay a market rate to PUB for the continued occupancy of this prime land, and to use the exclusive name of SICC instead of PUBIC Club, an acronym for PUB Island Country Club.
It is good that the elitist members won the day and keep this rarity longer. Having such an elitist Club will be a good motivation for those who are striving to be recognized to work that bit harder to earn that $200k to cross the first hurdle. Subsequently, I am not sure what other procedures or regulations they will have to comply to be invited to be a member of the elite.
In any society, it is natural for a divide to be formed between the very successful and the losers. Trying to blend the two together, to be inclusive, is a defeated cause to begin with. It is like trying to make the MRT a gracious place to be in and expect people in suits and evening dresses to sit or stand side by side with the dirty overalls or sweaty singlets and slippers. Arrrrrrghhh….
Society must honour the ablest, let them have their own playground, let them enjoy their success and hardwork, let them be exclusive, as long as they can afford it, and not by seizing the use of public land and pay a token $1 for their exclusive entertainment and flattery. SICC shall keep the elitist flag flying high, as a testimony that it is not wrong to be rich and successful. Bravo SICC.
Poster boy and poster girl
If you are looking for pictures of poster boy and poster girl for the PAP, look no further. Chan Chun Sing and Tin Pei Ling will fit it nicely. They will give PAP a fresh look instead of all the photos of the oldies. Looking at their poster boy and girl look, it will give PAP the youthful look it needs, as a young party with young leaders.
Both will also serve to confirm that the leadership renewal process is working. And the timely stepping down of MM and SM will also mean that their ageing photos will not be seen too often.
PAP is now a brand new party of young and beautiful leaders. There is no need to do hip hop to look young and to win the votes of the young voters. The poster boy and poster girl will blend in with the young Orchard Road crowd or those in the Sentosa soap parties. They will definitely be the crowd puller of Generation Y.
Both will also serve to confirm that the leadership renewal process is working. And the timely stepping down of MM and SM will also mean that their ageing photos will not be seen too often.
PAP is now a brand new party of young and beautiful leaders. There is no need to do hip hop to look young and to win the votes of the young voters. The poster boy and poster girl will blend in with the young Orchard Road crowd or those in the Sentosa soap parties. They will definitely be the crowd puller of Generation Y.
Singapore’s nuclear meltdown
The Fukushima nuclear meltdown is still on going. The heat will take a long time to cool down. Singapore too is facing an intense heat that is refusing to cool down as well. The massive anger and dissatisfaction over a once the pride of the nation housing programme is still generating heat at an ever higher temperature. Under the thick concrete covering of a nuclear plant silo, the heat is well kept within in the deep. The housing problems too was well wrapped up in papers and looked as if everything was fine, till one fine day when the wrappers were removed.
The DBSS is now like a piece of rotten shit, smelly and filthy and likely to be thrown away. Next in line will be the Executive Condominium while the BTO is likely to go as well. It is really disgusting, really, for something so good that could turn so wrong. And no one has a clue about it. How could they know when there were reassurances after reassurances that all was well. No need to ask how it came about. The truth is all out there. Only those with eyes wide shut will say that there is no problem, that it is a blooming success, and the administrator deserved a gold medal for all the great work. They did give one to Lim Kim San then, the Magsaysay Award, for solving the housing problem.
I am figuring what kind of award shall be given for creating a housing problem that is so deep seated that after so many cooling measures the heat is still simmering, hot. And the new MND Minister is having sleepless night. Poor bugger. Don’t stress the small stuff huh, or it will be bad for the heart.
When or how long will Boon Wan be able to douse the heat and bring temperature to normal? It took great ingenuity and determination and great effort to solve the housing problem of old Singapore. And it took great effort and ingenuity to create this mountain of problem for a new man to solve. And he is complaining. Can’t blame him, as the problem is in such a knot that it will take at least 52 man years to solve. Take care, Boon Wan.
And I read a recommendation to the losers that if they cannot buy a flat, don't buy. So what's next, look for a rental flat? If also cannot afford or no rental flat how? Pitch a tent at the beach? If the authority comes and arrests you how? Never mind, can get free lodging then, maybe somewhere comfortable in Changi.
The DBSS is now like a piece of rotten shit, smelly and filthy and likely to be thrown away. Next in line will be the Executive Condominium while the BTO is likely to go as well. It is really disgusting, really, for something so good that could turn so wrong. And no one has a clue about it. How could they know when there were reassurances after reassurances that all was well. No need to ask how it came about. The truth is all out there. Only those with eyes wide shut will say that there is no problem, that it is a blooming success, and the administrator deserved a gold medal for all the great work. They did give one to Lim Kim San then, the Magsaysay Award, for solving the housing problem.
I am figuring what kind of award shall be given for creating a housing problem that is so deep seated that after so many cooling measures the heat is still simmering, hot. And the new MND Minister is having sleepless night. Poor bugger. Don’t stress the small stuff huh, or it will be bad for the heart.
When or how long will Boon Wan be able to douse the heat and bring temperature to normal? It took great ingenuity and determination and great effort to solve the housing problem of old Singapore. And it took great effort and ingenuity to create this mountain of problem for a new man to solve. And he is complaining. Can’t blame him, as the problem is in such a knot that it will take at least 52 man years to solve. Take care, Boon Wan.
And I read a recommendation to the losers that if they cannot buy a flat, don't buy. So what's next, look for a rental flat? If also cannot afford or no rental flat how? Pitch a tent at the beach? If the authority comes and arrests you how? Never mind, can get free lodging then, maybe somewhere comfortable in Changi.
7/04/2011
Talking down at the people
This is a political culture for several decades here. The dafts need to be treated as such. Father knows best and shall deliver. There is no need to listen, just be a deaf frog and do what is right. And if needed be, give them a public lecture on how lucky they were to have such talented leadership, and cheap too. They ought to be grateful for all the good things happening around them.
After the last GE, things took a dramatic change. Hsien Loong took the lead to apologise to the people for the govt’s mistakes and pledged to listen more to the people. Yes, the deaf frog is also listening I supposed. While those who have been talking down to the people were either whisked away or remain dumb, those who are still talking are now more polite and pleading with the people to give them time to do their jobs.
One or two tried some gimmicky comments and were taken to task immediately. Some are still learning and still talking down to the people. That is the advantage of being young. Young men tended to be a bit more cocky, a natural trait. The older and wiser ones are taking a different mode in engaging the people in the internet.
Would the younger leaders learn to be more engaging, more listening, or would they still think it is their right to talk down to the people? Ask lesser of the govt. Why don’t they ask lesser, take lesser, and do more instead? The people have got used to a very expensive govt that is asking more and more in terms of salary. And the people are reciprocating by asking more and more of the govt in return. You want to take more, show the people that you can do more, but not talk more. Talking is good when you can deliver. But before delivering, it is better to talk less and do more. Show the people what you can do. But don’t insist that you have done damn well when in fact you have messed up the show.
But as they said, it is good to be young. It is the privilege of the young to be a bit arrogant, a bit abrasive, and also the right to make some mistakes along the way. That is how older people gain their wisdom.
After the last GE, things took a dramatic change. Hsien Loong took the lead to apologise to the people for the govt’s mistakes and pledged to listen more to the people. Yes, the deaf frog is also listening I supposed. While those who have been talking down to the people were either whisked away or remain dumb, those who are still talking are now more polite and pleading with the people to give them time to do their jobs.
One or two tried some gimmicky comments and were taken to task immediately. Some are still learning and still talking down to the people. That is the advantage of being young. Young men tended to be a bit more cocky, a natural trait. The older and wiser ones are taking a different mode in engaging the people in the internet.
Would the younger leaders learn to be more engaging, more listening, or would they still think it is their right to talk down to the people? Ask lesser of the govt. Why don’t they ask lesser, take lesser, and do more instead? The people have got used to a very expensive govt that is asking more and more in terms of salary. And the people are reciprocating by asking more and more of the govt in return. You want to take more, show the people that you can do more, but not talk more. Talking is good when you can deliver. But before delivering, it is better to talk less and do more. Show the people what you can do. But don’t insist that you have done damn well when in fact you have messed up the show.
But as they said, it is good to be young. It is the privilege of the young to be a bit arrogant, a bit abrasive, and also the right to make some mistakes along the way. That is how older people gain their wisdom.
A few simple questions for the presidential candidates
With the three Tans, all ex PAP candidates, in the fray for the most highly paid president job in the whole wide world, for that matter, no president comes even near or half of what these president hopefuls will be getting, I just want to ask them individually, a few simple questions.
1. What would he think are the reasons/justifications for the EP to be paid $4m, plus whatever performance bonuses and growth bonuses if applicable?
2. Can any one of them confirm that the $4m is all the EP is getting and nothing more, excluding all the costs for the maintenance of the office?
3. Do the candidates believe that the remuneration for the EP is reasonable, or too much or too little?
4. If given a choice, how much does he think would be a reasonable sum for the EP?
5. If elected, will he take the full salary as what is deserving of the office, or would he think that it is too much and he would like to donate some to charity, and how much would he donate?
Answering the above questions will definitely help the voters to decide who they will elect. These are now the real issues that the voters are asking. Not how independent they are from the PAP. Never mind if they are sponsored by the PAP or not. Never mind the custodial duty or ceremonial duties. We all know what those duties are.
The people know that all the candidates are independent from the PAP. The people also know that they are not sponsored by the PAP. The people also know what each thinks his role is as the EP.
Just tell us how much you need to be the EP will do.
1. What would he think are the reasons/justifications for the EP to be paid $4m, plus whatever performance bonuses and growth bonuses if applicable?
2. Can any one of them confirm that the $4m is all the EP is getting and nothing more, excluding all the costs for the maintenance of the office?
3. Do the candidates believe that the remuneration for the EP is reasonable, or too much or too little?
4. If given a choice, how much does he think would be a reasonable sum for the EP?
5. If elected, will he take the full salary as what is deserving of the office, or would he think that it is too much and he would like to donate some to charity, and how much would he donate?
Answering the above questions will definitely help the voters to decide who they will elect. These are now the real issues that the voters are asking. Not how independent they are from the PAP. Never mind if they are sponsored by the PAP or not. Never mind the custodial duty or ceremonial duties. We all know what those duties are.
The people know that all the candidates are independent from the PAP. The people also know that they are not sponsored by the PAP. The people also know what each thinks his role is as the EP.
Just tell us how much you need to be the EP will do.
How much to serve the people?
Someone asked how much was needed to serve the people. The answer, $15k a month should be enough. What, that’s impossible! How to live a dignified lifestyle with that kind of pittance? This is what Chen Show Mao and Sylvia Lim needs to be a MP full time. They have both quitted their full time jobs. For Chen Show Mao, who was used to earning many times more, he would have a lot of adjusting to do. He may even have to take public transport or buy a HDB flat, downgrade his lifestyle to suit his smaller pay check. Another important question pops up? Would he be tempted to be corrupt if he is not being paid in the millions?
Chen Show Mao’s presence in the home political scene has disturbed the status quo of high paying sacrifices in politics. Do I make sense in this statement? Nevermind, it is not meant to make sense anyway. But you will get what I mean.
When Chen Show Mao returned to stand for the GE, some questioned his motives and sincerity as if he was a wolf in sheepskin. The doubts cast on him were full of skepticism and ill intent. They raised questions about his family, his children, why he spent so many years out of the country, even his accent.
Today, we heard that he had resigned from a high profile and very high paying job, to be an ordinary MP, to serve the people in the tropical heat of a void deck. No more designer suits, no more air conditioned comfort, no more fine dinings with the sikit atas and nice people, but plenty of kopitiam talks and shoulder rubbing with the losers.
Again, the skeptics and those with private agenda would be wagging their tongues about this new kid in the block. What is he up to? Is he up to any no good? Or is he of unsound mind? Such chivalry and sacrifice for a cause, a higher calling, is just too idealistic and can only be found in children’s fairy tales story books. Is he serious in what he is doing and would he quit after one term?
By the way, Chen Show Mao has never used the word ‘sacrifice’ in the all the things he is doing. He just came in from the cold and doing what many would demand a fortune to do. He is a man with a mission, a man of the moment, dispelling all the myths that we have all made to believe in. Would Times Magazine want to put his face on their front page?
Please pour more cold water on my head. This kind of things cannot be true. It is just not practical, not real. Or is he a freak, an alien? What is his belief? What kind of odd upbringings did he receive to do such things that normal people will scorn upon? Shall he be praised or shall he be shunned, to upset the impeccable window dressings in the expensive Orchard Road department stores?
Oh, time will tell, so they said.
Chen Show Mao’s presence in the home political scene has disturbed the status quo of high paying sacrifices in politics. Do I make sense in this statement? Nevermind, it is not meant to make sense anyway. But you will get what I mean.
When Chen Show Mao returned to stand for the GE, some questioned his motives and sincerity as if he was a wolf in sheepskin. The doubts cast on him were full of skepticism and ill intent. They raised questions about his family, his children, why he spent so many years out of the country, even his accent.
Today, we heard that he had resigned from a high profile and very high paying job, to be an ordinary MP, to serve the people in the tropical heat of a void deck. No more designer suits, no more air conditioned comfort, no more fine dinings with the sikit atas and nice people, but plenty of kopitiam talks and shoulder rubbing with the losers.
Again, the skeptics and those with private agenda would be wagging their tongues about this new kid in the block. What is he up to? Is he up to any no good? Or is he of unsound mind? Such chivalry and sacrifice for a cause, a higher calling, is just too idealistic and can only be found in children’s fairy tales story books. Is he serious in what he is doing and would he quit after one term?
By the way, Chen Show Mao has never used the word ‘sacrifice’ in the all the things he is doing. He just came in from the cold and doing what many would demand a fortune to do. He is a man with a mission, a man of the moment, dispelling all the myths that we have all made to believe in. Would Times Magazine want to put his face on their front page?
Please pour more cold water on my head. This kind of things cannot be true. It is just not practical, not real. Or is he a freak, an alien? What is his belief? What kind of odd upbringings did he receive to do such things that normal people will scorn upon? Shall he be praised or shall he be shunned, to upset the impeccable window dressings in the expensive Orchard Road department stores?
Oh, time will tell, so they said.
7/03/2011
When Boon Wan is doing the kpkb
Things are getting interesting when Boon Wan is doing the kpkb himself. Kpkb is going to take on a very special meaning now. He is infuriated with the BT report on the obscene profit that Sim Lian was supposed to make from Centrale 8. ‘I am working my guts out to try to calm the market, for the good of all Singaporeans. But I can’t do it alone. I need all to help.’
And Boon Wan has only been on the job for 5 weeks and found himself having sleepless night trying to solve an enormous problem that was non existence before he took office. His predecessor was having a cake walk then. Everything was going on smoothly according to plans, and Singaporeans got to be thankful for his skilled management of the housing problems. Oops, cannot call it a problem as there was no problem at all.
Perhaps Boon Wan may want to have tea with his predecessor and get a few good advices on how to manage a problem that was not a problem in the first place. Then he can have an easier life. Imagine him rushing out all the BTOs and pushing all the contractors to build in double quick time, cannot sleep, and the prices still uncontrollable. And he needs everyone to help him when all he needed is Mah Bow Tan to show him the ropes.
Or could it be that all the so called problems were imaginary. Look at the riotings in Hongkong. They have a real problem, and one of which is soaring property prices. The people are really getting hit and are walking the streets. Here, where got problem? I can’t see any problem. You can’t find more than 200 angry people at Hong Lim and you called it a problem?
And Centrale 8 is still very well received by the people. Many young people are finding the location and facilities excellent and willing to pay the asking price. You cannot call that a problem. The people are just too happy to pay. Stop imagining? The answer is very simple. Just tell yourself that there is no problem and the problem will disappear. If people come to kpkb about problems, tell them it is they themselves that are the problems. Other people, in fact at least 60% of the population, are very happy people. Or adopt the deaf frog approach, just believe that what you are doing is right and the best way to go. Your conscience will then be clear and you will be at peace with yourself, and the million dollar salary.
Now, how can the media help Boon Wan? To report that there were profiteering and that the prices were too high? Or to report that the prices are reasonable with very little profit? I think, just the personal opinion of a simple layman, if the buyers are told that developer’s costs are so high and the pricing is just right with minimum profit, then they can never expect the price to come any lower. You cannot expect the developer to build at a lost. So I think the buyers will buy up the whole Centrale 8 at the asking price. If the price is excessively high as reported, would it not put fear to the buyers and to pressure other developers to bring the price down?
On the one hand it was worrying that the price was too high. Now it is claimed that it is reasonable, with little profit? Which view will create more problems?
Maybe the media shall not report on those rich interviewees who said the prices are affordable or reasonable. And then report on those who are complaining that the prices are too high, cannot afford them? There is a choice in reporting, really. The Hongkong demonstration was reported to have 200,000 participants by the organisers and only 50,000 by the police. And the readers also have a choice to read what they want to believe in the media.
So, is the price of Centrale 8 high or low? Is there a housing problem here? Now who is to say that a $1m Ferrari is expensive? It all depends on whether you can afford it. To some it is cheap, cheap, cheap.
By the way, what is the hooha about? The market forces will set the property prices. Those who can afford, buy, those who cannot, downgrade their expectations. Problem solved already.
And Boon Wan has only been on the job for 5 weeks and found himself having sleepless night trying to solve an enormous problem that was non existence before he took office. His predecessor was having a cake walk then. Everything was going on smoothly according to plans, and Singaporeans got to be thankful for his skilled management of the housing problems. Oops, cannot call it a problem as there was no problem at all.
Perhaps Boon Wan may want to have tea with his predecessor and get a few good advices on how to manage a problem that was not a problem in the first place. Then he can have an easier life. Imagine him rushing out all the BTOs and pushing all the contractors to build in double quick time, cannot sleep, and the prices still uncontrollable. And he needs everyone to help him when all he needed is Mah Bow Tan to show him the ropes.
Or could it be that all the so called problems were imaginary. Look at the riotings in Hongkong. They have a real problem, and one of which is soaring property prices. The people are really getting hit and are walking the streets. Here, where got problem? I can’t see any problem. You can’t find more than 200 angry people at Hong Lim and you called it a problem?
And Centrale 8 is still very well received by the people. Many young people are finding the location and facilities excellent and willing to pay the asking price. You cannot call that a problem. The people are just too happy to pay. Stop imagining? The answer is very simple. Just tell yourself that there is no problem and the problem will disappear. If people come to kpkb about problems, tell them it is they themselves that are the problems. Other people, in fact at least 60% of the population, are very happy people. Or adopt the deaf frog approach, just believe that what you are doing is right and the best way to go. Your conscience will then be clear and you will be at peace with yourself, and the million dollar salary.
Now, how can the media help Boon Wan? To report that there were profiteering and that the prices were too high? Or to report that the prices are reasonable with very little profit? I think, just the personal opinion of a simple layman, if the buyers are told that developer’s costs are so high and the pricing is just right with minimum profit, then they can never expect the price to come any lower. You cannot expect the developer to build at a lost. So I think the buyers will buy up the whole Centrale 8 at the asking price. If the price is excessively high as reported, would it not put fear to the buyers and to pressure other developers to bring the price down?
On the one hand it was worrying that the price was too high. Now it is claimed that it is reasonable, with little profit? Which view will create more problems?
Maybe the media shall not report on those rich interviewees who said the prices are affordable or reasonable. And then report on those who are complaining that the prices are too high, cannot afford them? There is a choice in reporting, really. The Hongkong demonstration was reported to have 200,000 participants by the organisers and only 50,000 by the police. And the readers also have a choice to read what they want to believe in the media.
So, is the price of Centrale 8 high or low? Is there a housing problem here? Now who is to say that a $1m Ferrari is expensive? It all depends on whether you can afford it. To some it is cheap, cheap, cheap.
By the way, what is the hooha about? The market forces will set the property prices. Those who can afford, buy, those who cannot, downgrade their expectations. Problem solved already.
7/02/2011
Citizen’s savings become Nation’s reserves
According to Ngiam Tong Dow’s article, the country’s reserves comprise CPF contributions, budget surpluses, revenue from land sales and dividends from GLCs. I would believe all the profits made by the ministries and stats boards would also be included in the reserves under surpluses.
Does it mean that the funds managed by the GIC and Temasek Holdings are not part of the reserves but funds managed by them from the govt? Technically that could be the case as it would lead to double entry and recognition.
What I am curious is the assigning of the people’s savings in the CPF as the country’s reserves. Aren’t this money the people’s money? The govt’s money is money it generated from its services, profits and surpluses. There cannot be any misunderstanding that the people’s savings is not the country’s money. It is a more acceptable general description that the country’s savings or wealth is the people’s money as the people is the ultimate owner of the country. Definitely the country cannot claim that the money the people saved belong to the country and become its reserves. If that be the case, it has an additional reason to boost up the savings in the CPF to inflate the reserves. Have all the lockup schemes got anything to do with this?
This distinction must be clearly defined or else it is easy for the administrator of the people’s saving to think that it is their money and they can do anything they want with the money. The often changes in the withdrawal date and amount to be withdrawn and what or how the people can use their savings are manifestations of a mindset that puts questions to the ownership of the people’s savings in the CPF.
The people cannot take it lying down that the govt can dictate how and what it wants to do with their savings, locking it up in all kinds of schemes. Should this be a time to redefine the people’s savings in the CPF as the people’s savings and not the nation’s reserves? As a reserves it is good to know and to see but cannot touch except by the govt. Does not seem very right is it? It is better to remove the people’s saving from the definition of reserves so that no one will harbour wild ideas about them.
Your money is my money and my money is my money.
Does it mean that the funds managed by the GIC and Temasek Holdings are not part of the reserves but funds managed by them from the govt? Technically that could be the case as it would lead to double entry and recognition.
What I am curious is the assigning of the people’s savings in the CPF as the country’s reserves. Aren’t this money the people’s money? The govt’s money is money it generated from its services, profits and surpluses. There cannot be any misunderstanding that the people’s savings is not the country’s money. It is a more acceptable general description that the country’s savings or wealth is the people’s money as the people is the ultimate owner of the country. Definitely the country cannot claim that the money the people saved belong to the country and become its reserves. If that be the case, it has an additional reason to boost up the savings in the CPF to inflate the reserves. Have all the lockup schemes got anything to do with this?
This distinction must be clearly defined or else it is easy for the administrator of the people’s saving to think that it is their money and they can do anything they want with the money. The often changes in the withdrawal date and amount to be withdrawn and what or how the people can use their savings are manifestations of a mindset that puts questions to the ownership of the people’s savings in the CPF.
The people cannot take it lying down that the govt can dictate how and what it wants to do with their savings, locking it up in all kinds of schemes. Should this be a time to redefine the people’s savings in the CPF as the people’s savings and not the nation’s reserves? As a reserves it is good to know and to see but cannot touch except by the govt. Does not seem very right is it? It is better to remove the people’s saving from the definition of reserves so that no one will harbour wild ideas about them.
Your money is my money and my money is my money.
7/01/2011
The phones stop ringing
More shocks than stocks as brokers take a belting and the phones stop ringing
June 28, 2011
Bill Shorten and some key federal politicians are about to be lobbied hard and loud by Australia's retail brokers who are fighting for their lives against a backdrop of depressed trading volumes, falling commissions and tougher regulation.
The latest body blow relates to a set of recommendations in the Future of Financial Advice (FOFA) reforms which came about following the collapse of some financial planning companies, notably Storm Financial.
Industry submissions recently closed, but some blue-chip stockbrokers and their lobby group, the Stockbrokers' Association of Australia, will go direct to politicians to try to overturn a set of proposals before they are put to the Parliament….
In the past few years, more than 20 brokers have either collapsed, nearly collapsed or merged.
Most have culled staff or instigated hiring freezes. More recently, BBY bought Stonebridge Group, formerly known as Tricom Securities.
Most brokers remain unlisted and out of the public gaze, but the few that decided to list on the ASX have found the experience humbling.
Austock Asset Management's shares trade at 12¢ which is a far cry from the high of $2.10 in December 2007. Wilson HTM is at 67¢ a share after trading above $4 in June 2007 and Bell Financial Group is at 78.5¢ after trading at more than double that in 2007.
With thin volumes on the ASX, it is becoming a war of attrition in stockbroker land, with questions over who can survive the longest under the strain.
There are three parts to a traditional retail business: retail advisory, institutional brokerage and corporate finance. In the current climate, retail advisory has fallen severely, institutional has been butchered, and with few floats and even fewer equity raisings, corporate finance is on life support.
This is not being helped by some tougher regulatory requirements, including the increase in the minimum core capital requirement - from $2 million to $5 million, and going up to $10 million in 2013 - for stockbrokers who clear their own trades. This is a big increase considering the requirement was $100,000 a few years ago.
It is no surprise then that some smaller brokers have already moved to third party clearing while others will need to consolidate.
Times are certainly tough, particularly for the smaller full service retail brokers, with some complaining the phones hardly ring. With more investors going for cheaper online trading and the ASX focused on turnover and speed of transactions, many more will fall by the wayside.
The above is an article in Brisbane
Times on I Jul 11.
The Stock Market has been transformed in the last few years to an animal that is beyond recognition. It is no longer a stock market in the traditional sense where companies list their shares to raise funds for growth and expansion, where investors made profits from long term investments and riding on the growth of profitable companies. And where brokers and broking houses were able to service their clients and earn a commission to support their operation.
Today, the big funds are trying to make money from the fictitious stock market by being faster than the next guy by 1 micro sec or by placing a micro bit of 0.01c. And big funds are able to take full advantage of an unlevel playing field, using their big financial muscles, technology and hardware to squeeze every cent out of the small investors.
Stock exchanges used to take it as their main responsibility, to provide a fair and level trading platform to all players. Today they unashamingly embraced the big funds and accommodate their unfair trading methodologies with no sense of guilt or crime. Small investors thus became victims to the big funds and lost their pants without knowing why, and on one willing to own up for the fiasco in the stock exchanges around the world.
The phones have stop ringging. Soon the brokers will hand up their phones too, and so will be the broking houses. Retrenchment and cost cutting will not do when there is no income to sustain the high overheads. Neither will cutting the razor thin commission make any sense or do any good. The gimmicks of continuous trading with no lunch breaks will not bring in additional business as the small investors will still not have any chance in an unfair trading system. It only benefits the big funds that operate cross boundaries to take advantage of arbitrage opportunities and their sophisticated computer system to scalp every cent there is from the small investors.
Yes, it cannot go on forever as the small investors will not be able to keep paying for their losses. The Brisbane Stock Brokers are barking up the wrong tree like brokers around the world. The key issue is to return to the basics of what a stock exchange is supposed to be, and when trading is fair and level for everyone, and where companies can raise funds and grow, while small investors can invest and grow with the companies.
Making money by being 1 micro second faster is not stock investing. Applying huge funds and technology to win bets in the stock exchange is not stock investing either, but manipulation of the stock market system, cornering of the market, buying and selling without change of ownership which are against the rules and regulations of stock exchanges.
When will the phone go dead for good? The new regulations that the Australian brokers are to put up with are plain stupidity that will do no good to their business. It is shadow fighting, grasping at strawmen. When are they going to open their eyes to see what is going wrong?
June 28, 2011
Bill Shorten and some key federal politicians are about to be lobbied hard and loud by Australia's retail brokers who are fighting for their lives against a backdrop of depressed trading volumes, falling commissions and tougher regulation.
The latest body blow relates to a set of recommendations in the Future of Financial Advice (FOFA) reforms which came about following the collapse of some financial planning companies, notably Storm Financial.
Industry submissions recently closed, but some blue-chip stockbrokers and their lobby group, the Stockbrokers' Association of Australia, will go direct to politicians to try to overturn a set of proposals before they are put to the Parliament….
In the past few years, more than 20 brokers have either collapsed, nearly collapsed or merged.
Most have culled staff or instigated hiring freezes. More recently, BBY bought Stonebridge Group, formerly known as Tricom Securities.
Most brokers remain unlisted and out of the public gaze, but the few that decided to list on the ASX have found the experience humbling.
Austock Asset Management's shares trade at 12¢ which is a far cry from the high of $2.10 in December 2007. Wilson HTM is at 67¢ a share after trading above $4 in June 2007 and Bell Financial Group is at 78.5¢ after trading at more than double that in 2007.
With thin volumes on the ASX, it is becoming a war of attrition in stockbroker land, with questions over who can survive the longest under the strain.
There are three parts to a traditional retail business: retail advisory, institutional brokerage and corporate finance. In the current climate, retail advisory has fallen severely, institutional has been butchered, and with few floats and even fewer equity raisings, corporate finance is on life support.
This is not being helped by some tougher regulatory requirements, including the increase in the minimum core capital requirement - from $2 million to $5 million, and going up to $10 million in 2013 - for stockbrokers who clear their own trades. This is a big increase considering the requirement was $100,000 a few years ago.
It is no surprise then that some smaller brokers have already moved to third party clearing while others will need to consolidate.
Times are certainly tough, particularly for the smaller full service retail brokers, with some complaining the phones hardly ring. With more investors going for cheaper online trading and the ASX focused on turnover and speed of transactions, many more will fall by the wayside.
The above is an article in Brisbane
Times on I Jul 11.
The Stock Market has been transformed in the last few years to an animal that is beyond recognition. It is no longer a stock market in the traditional sense where companies list their shares to raise funds for growth and expansion, where investors made profits from long term investments and riding on the growth of profitable companies. And where brokers and broking houses were able to service their clients and earn a commission to support their operation.
Today, the big funds are trying to make money from the fictitious stock market by being faster than the next guy by 1 micro sec or by placing a micro bit of 0.01c. And big funds are able to take full advantage of an unlevel playing field, using their big financial muscles, technology and hardware to squeeze every cent out of the small investors.
Stock exchanges used to take it as their main responsibility, to provide a fair and level trading platform to all players. Today they unashamingly embraced the big funds and accommodate their unfair trading methodologies with no sense of guilt or crime. Small investors thus became victims to the big funds and lost their pants without knowing why, and on one willing to own up for the fiasco in the stock exchanges around the world.
The phones have stop ringging. Soon the brokers will hand up their phones too, and so will be the broking houses. Retrenchment and cost cutting will not do when there is no income to sustain the high overheads. Neither will cutting the razor thin commission make any sense or do any good. The gimmicks of continuous trading with no lunch breaks will not bring in additional business as the small investors will still not have any chance in an unfair trading system. It only benefits the big funds that operate cross boundaries to take advantage of arbitrage opportunities and their sophisticated computer system to scalp every cent there is from the small investors.
Yes, it cannot go on forever as the small investors will not be able to keep paying for their losses. The Brisbane Stock Brokers are barking up the wrong tree like brokers around the world. The key issue is to return to the basics of what a stock exchange is supposed to be, and when trading is fair and level for everyone, and where companies can raise funds and grow, while small investors can invest and grow with the companies.
Making money by being 1 micro second faster is not stock investing. Applying huge funds and technology to win bets in the stock exchange is not stock investing either, but manipulation of the stock market system, cornering of the market, buying and selling without change of ownership which are against the rules and regulations of stock exchanges.
When will the phone go dead for good? The new regulations that the Australian brokers are to put up with are plain stupidity that will do no good to their business. It is shadow fighting, grasping at strawmen. When are they going to open their eyes to see what is going wrong?
We have plenty of land
We can bring in another few million people and we will still have enough land to build more ugly building blocks to house them. Sure, no problem. We have even more land overseas to train our boys, I mean borrowed land, or leased land. What if the political climate changes? What if our friendly countries got moneywise and want us to pay more for training our boys in their land? And what if we run out of goodwill and borrowed land and have to bring our boys back, and train them in our own land? Would our boys be jumping from one HDB block to another as part of their training?
In our pursuit for more heads for growth, we have used up practically every inch of land we have for all things, including training young men. Can we count on other countries to be always friendly and willing to let us train in their land? It is a possibility that no one will want us one day and we will be truly fixed.
We need to conserve our land and stop the relentless building programme by filling them up with more buildings to house more people. We are painting ourselves into a corner when land is concerned.
In our pursuit for more heads for growth, we have used up practically every inch of land we have for all things, including training young men. Can we count on other countries to be always friendly and willing to let us train in their land? It is a possibility that no one will want us one day and we will be truly fixed.
We need to conserve our land and stop the relentless building programme by filling them up with more buildings to house more people. We are painting ourselves into a corner when land is concerned.
The last man against a rogue govt
This is the primary duty of the Elected President. Probably the only executive duty he is expected to perform in a time of great crisis. The rest of his roles are mainly ceremonial and rubber stamping of what ever the govt wants him to stamp.
So, how important and effective will an Elected President hold himself as the last man in the defense of the nation’s reserves? It may be useful to understand what is a rogue govt to start with. A rogue govt is not just a bunch of rogue politicians, all 87 of them in Parliament at most. A rogue govt is not just all 87 MPs plus all their crony party members.
A rogue govt, if it is called a govt, must be all the civil servants, military and police personnel in cahoot with the ruling party. Only then can a rogue govt be formed to capture all the powers of a country and run the country as it likes, and to empty the treasury.
In the face of a rogue govt presenting the Elected President and his team of Presidential Advisers with an ultimatum,, and the rogue govt simply says, sign on the dotted line, what can an Elected President do? Can he say no?
Then again, it is unlikely that a rogue govt can be formed and get to that stage when all the civil servants, military and police personnel are with the rogue govt to do its biddings. An Elected President can only be effective if he can preempt the whole development, before a govt shows its greedy face that it is a rogue govt, and still has the civil servants and uniformed men on his side.
The critical point is when and how would the Elected President know that he has to act? Would he act if say an alternative party wins the majority in the next election to form the govt? Would the EP decide at that moment when a new govt is formed, that it is a rogue govt and call in the troops? Or would he wait till the day when the rogue govt reveals itself by asking him to sign on the dotted line?
To be effective, the EP must jump the gun. If not, he will not stand a chance when the day comes.
So, how important and effective will an Elected President hold himself as the last man in the defense of the nation’s reserves? It may be useful to understand what is a rogue govt to start with. A rogue govt is not just a bunch of rogue politicians, all 87 of them in Parliament at most. A rogue govt is not just all 87 MPs plus all their crony party members.
A rogue govt, if it is called a govt, must be all the civil servants, military and police personnel in cahoot with the ruling party. Only then can a rogue govt be formed to capture all the powers of a country and run the country as it likes, and to empty the treasury.
In the face of a rogue govt presenting the Elected President and his team of Presidential Advisers with an ultimatum,, and the rogue govt simply says, sign on the dotted line, what can an Elected President do? Can he say no?
Then again, it is unlikely that a rogue govt can be formed and get to that stage when all the civil servants, military and police personnel are with the rogue govt to do its biddings. An Elected President can only be effective if he can preempt the whole development, before a govt shows its greedy face that it is a rogue govt, and still has the civil servants and uniformed men on his side.
The critical point is when and how would the Elected President know that he has to act? Would he act if say an alternative party wins the majority in the next election to form the govt? Would the EP decide at that moment when a new govt is formed, that it is a rogue govt and call in the troops? Or would he wait till the day when the rogue govt reveals itself by asking him to sign on the dotted line?
To be effective, the EP must jump the gun. If not, he will not stand a chance when the day comes.
6/30/2011
Cannot anyhow give yourself big titles
Property agents will now not be allowed to give themselves big titles like specialists or experts. It is timely that such a regulation is imposed to prevent more frivolous titles from being created. If not, soon some agents may call themselves Emeritus Property Specialists. Now, that would not look good right?
Titles are important to important people. Low down tradesmen or agents need to be put in their place. Unlike the professionals and high positions, these people should be given nice nice titles that they deserved. In the past, a Chief Clerk was the top administrator or manager in on office. Today, even a clerk will frown on being called a clerk. Some then invented titles like Administrative Assistant or Clerical Officer to stop calling them as clerks. Companies advertising for clerks will have problems recruiting the better qualified job seekers. I wonder if they can use better titles like Administrative Specialists, or is this going to be banned? I remember in Australia they called rubbish collectors Sanitary Specialists or Environment Specialists, or something like that, and the job pays very well too.
Then in some industries, executives are now rebranded as managers. And managers are called Vice Presidents, and GMs become Presidents. I think this must be stopped as well. How can there be so many Presidents, and even Senior Presidents. Next time they may have Distinguished Presidents or Emeritus Presidents or Emeritus Chairman as well. But the crucial title and most confusing is the title of President.
Ladies and Gentlemen, please welcome the President of Singapore.
Ladies and Gentlemen, please welcome the President of Ah Kow Refuse Removal Company.
Ladies and Gentlemen, please welcome the President of Muthu Securities Agency.
It is high time more of such regulations be introduced to let the people know the do’s and don’t and what they can do and what they cannot do. And fine them if they anyhow abuse these titles. We need to erect more U Turn and No U Turn signs.
But one door must be closed quickly. The Registry of Birth Certificates must be informed to stop people who anyhow give names to their babies. No one can be named Specialist, Expert, Prince, President, Emeritus, Eminence, Highness, etc etc. Otherwise some may use this loophole to call their children Specialist Tan, Expert Lee, Prince Ahmad, President Sammy and nothing can be done to them.
Sure we don’t want to have people walking around in the streets and everyone yelling ‘Hi President, hi Prince, hi specialist, hi Eminence!’
We need more regulations before people become crazy with all kinds of grand titles.
Oh, I forgot, there is one title that the property agents or anyone can buy and wear, and put Dr in front of their names. How ah?
Titles are important to important people. Low down tradesmen or agents need to be put in their place. Unlike the professionals and high positions, these people should be given nice nice titles that they deserved. In the past, a Chief Clerk was the top administrator or manager in on office. Today, even a clerk will frown on being called a clerk. Some then invented titles like Administrative Assistant or Clerical Officer to stop calling them as clerks. Companies advertising for clerks will have problems recruiting the better qualified job seekers. I wonder if they can use better titles like Administrative Specialists, or is this going to be banned? I remember in Australia they called rubbish collectors Sanitary Specialists or Environment Specialists, or something like that, and the job pays very well too.
Then in some industries, executives are now rebranded as managers. And managers are called Vice Presidents, and GMs become Presidents. I think this must be stopped as well. How can there be so many Presidents, and even Senior Presidents. Next time they may have Distinguished Presidents or Emeritus Presidents or Emeritus Chairman as well. But the crucial title and most confusing is the title of President.
Ladies and Gentlemen, please welcome the President of Singapore.
Ladies and Gentlemen, please welcome the President of Ah Kow Refuse Removal Company.
Ladies and Gentlemen, please welcome the President of Muthu Securities Agency.
It is high time more of such regulations be introduced to let the people know the do’s and don’t and what they can do and what they cannot do. And fine them if they anyhow abuse these titles. We need to erect more U Turn and No U Turn signs.
But one door must be closed quickly. The Registry of Birth Certificates must be informed to stop people who anyhow give names to their babies. No one can be named Specialist, Expert, Prince, President, Emeritus, Eminence, Highness, etc etc. Otherwise some may use this loophole to call their children Specialist Tan, Expert Lee, Prince Ahmad, President Sammy and nothing can be done to them.
Sure we don’t want to have people walking around in the streets and everyone yelling ‘Hi President, hi Prince, hi specialist, hi Eminence!’
We need more regulations before people become crazy with all kinds of grand titles.
Oh, I forgot, there is one title that the property agents or anyone can buy and wear, and put Dr in front of their names. How ah?
The Spirit of President Ong Teng Cheong
He was The President that wanted to do his job well. And he stood firmly on his belief, and did not waver under pressure. He gave up everything to live by the principles he believed in. He could have done otherwise and be better recorded in the history books of Singapore, and given a state funeral.
Today, there are not many glamorous reports or write ups of this son of Singapore, a great man, a highly respected President in the eyes of many Singaporeans. Many people have spoken very highly of him in private. Somehow there is a dearth of reports praising the works that he had done. An uncomfortable silence. Who knows, in the not too distant future, history may all be rewritten, and President Ong Teng Cheong will be elevated to the honourable and rightful place he deserved in the history of this island.
While the contest for the Presidency is hotting up, Teng Cheong should be remembered as the shining example of what an elected President is expected to be, and to be emulated. In the hearts of many Singaporeans, he was and is their President, and the best Elected President the country has ever had. He is the President that lives quietly in the hearts of the people. All Elected Presidents will be measured against Teng Cheong and whether they live up to his high standard of Presidency, or whether they live up to the Ong Teng Cheong Spirit.
RIP.
Today, there are not many glamorous reports or write ups of this son of Singapore, a great man, a highly respected President in the eyes of many Singaporeans. Many people have spoken very highly of him in private. Somehow there is a dearth of reports praising the works that he had done. An uncomfortable silence. Who knows, in the not too distant future, history may all be rewritten, and President Ong Teng Cheong will be elevated to the honourable and rightful place he deserved in the history of this island.
While the contest for the Presidency is hotting up, Teng Cheong should be remembered as the shining example of what an elected President is expected to be, and to be emulated. In the hearts of many Singaporeans, he was and is their President, and the best Elected President the country has ever had. He is the President that lives quietly in the hearts of the people. All Elected Presidents will be measured against Teng Cheong and whether they live up to his high standard of Presidency, or whether they live up to the Ong Teng Cheong Spirit.
RIP.
6/29/2011
How to control a foreign country
The US is an expert in controlling, manipulating and putting pressure on foreign countries and running them like their colonies without them knowing. All they need to do is to set up watchlists and ranking countries according to its own list of criteria and morality. It then sends a list of questions to these unknowing colonies to reply. And the ‘colonies’ though independent countries, obediently do so. And if they are not on the good books of the US, the US could exert pressure on them by pushing them down the ranking, to embarrass and pressurize them.
Among the great American watch lists are the Trafficking in Persons or TIP Report, the Human Rights Reports and the Press Freedom Reports. Singapore is the latest victim of the TIP Report, with the US branding it as a culprit in human trafficking. After obediently submitting its reports to the Empire, it is now furiously defending its rights against the wrongful accusations by the US. And after hitting back at the atrocious human trafficking records, the US sheepishly acknowledged that its own house was also in a mess. But it still graded itself as the purest of the lot and ranked the best. It also admitted that the reports were flawed and carelessly compiled placing rogue countries as better than innocent countries. Bloody Americans!
The US has usurped the role of the UN and other legitimate bodies by issuing such watch lists and rankings to abuse its enemies and to serve its political agenda. Actually countries of the world need not bother with the wolves in sheep skin. Let them report whatever they want. Just simply ignore them. Countries like China should just show the US the middle finger. But countries that want to be on the good book of the US, especially the semi colonies, better take such reports seriously, or else.
A better response by the victims of these outrageous American reports is for these countries to organize themselves, pool their resources, and set up their own reports and watch lists. Then send the questionnaires to all the countries, including the US, and demand that they fill the forms and reply. If they don’t, just rank them at the bottom of the list, for non compliance and an admission of guilt. That is the only way to embarrass the Americans and turn the table on them. It is another way to control the Empire instead of being controlled by the Empire.
Of course the Empire can ignore the reports, and the western media may not report on them or try to rubbish the reports. But there are many other media that will report on them. And the reports and watch lists can be tabled at the UN as an annual event in the UN’s agenda for dirty laundry washing. Why should it be just one way like it is now?
I think Singapore should take the lead, and lead the bullied countries against the Empire, and be a leader, a shining light to the world, to hit above its weight.
Among the great American watch lists are the Trafficking in Persons or TIP Report, the Human Rights Reports and the Press Freedom Reports. Singapore is the latest victim of the TIP Report, with the US branding it as a culprit in human trafficking. After obediently submitting its reports to the Empire, it is now furiously defending its rights against the wrongful accusations by the US. And after hitting back at the atrocious human trafficking records, the US sheepishly acknowledged that its own house was also in a mess. But it still graded itself as the purest of the lot and ranked the best. It also admitted that the reports were flawed and carelessly compiled placing rogue countries as better than innocent countries. Bloody Americans!
The US has usurped the role of the UN and other legitimate bodies by issuing such watch lists and rankings to abuse its enemies and to serve its political agenda. Actually countries of the world need not bother with the wolves in sheep skin. Let them report whatever they want. Just simply ignore them. Countries like China should just show the US the middle finger. But countries that want to be on the good book of the US, especially the semi colonies, better take such reports seriously, or else.
A better response by the victims of these outrageous American reports is for these countries to organize themselves, pool their resources, and set up their own reports and watch lists. Then send the questionnaires to all the countries, including the US, and demand that they fill the forms and reply. If they don’t, just rank them at the bottom of the list, for non compliance and an admission of guilt. That is the only way to embarrass the Americans and turn the table on them. It is another way to control the Empire instead of being controlled by the Empire.
Of course the Empire can ignore the reports, and the western media may not report on them or try to rubbish the reports. But there are many other media that will report on them. And the reports and watch lists can be tabled at the UN as an annual event in the UN’s agenda for dirty laundry washing. Why should it be just one way like it is now?
I think Singapore should take the lead, and lead the bullied countries against the Empire, and be a leader, a shining light to the world, to hit above its weight.
Some embarrassing questions for Parliament
When the next Parliament begins its session, there must be plenty of questions that could be asked by the MPs. Hopefully the investigations into the two objections during the GE are settled by then, otherwise, the disqualification of the opposition team in Tanjong Pagar GRC and the police report of Tin Pei Ling’s internet postings will get a hearing, I think.
I have read some articles in the internet forum questioning the roles of LKY and Chok Tong as MPs, or more than that. Questions that bloggers were asking are the staff attached to them like principal private secretaries and press secretaries and the cost associate to the two MPs. The people may be curious to want to know if the two MPs are serving the people by holding meet the people sessions like all MPs are doing. These are definitely issues of public interest as tax payers money are involved.
Some are asking how much they are getting which I think is superfluous. As MPs they should be collecting the same MP allowances plus the pensions computed from their last highest salaries. I think this is also applicable to those ministers who are now MPs.
To avoid people making all kinds of guesses and unpleasant comments, and to preempt the opposition parties from asking embarrassing questions, maybe it will be better for Hsien Loong to make a press statements to clarify these matters. And if there are special privileges extended to them, just say it with justifications and I am sure the people will understand and accept it. Transparency in such things will kill all the gossips for good.
Of course there will be many other questions that the new MPs would be eager to ask in Parliaments to enlighten themselves and the curiosity of the people. The protocol list will be quite amusing. Will the ex MM/MP and ESM/MP be in the same grouping with Hsien Loong and the ministers when receiving foreign dignitaries? Or will they queue at the tail end with the MPs? Where will they sit in Parliament, in the back rows like back benchers?
These are very interesting developments in our political scene.
I have read some articles in the internet forum questioning the roles of LKY and Chok Tong as MPs, or more than that. Questions that bloggers were asking are the staff attached to them like principal private secretaries and press secretaries and the cost associate to the two MPs. The people may be curious to want to know if the two MPs are serving the people by holding meet the people sessions like all MPs are doing. These are definitely issues of public interest as tax payers money are involved.
Some are asking how much they are getting which I think is superfluous. As MPs they should be collecting the same MP allowances plus the pensions computed from their last highest salaries. I think this is also applicable to those ministers who are now MPs.
To avoid people making all kinds of guesses and unpleasant comments, and to preempt the opposition parties from asking embarrassing questions, maybe it will be better for Hsien Loong to make a press statements to clarify these matters. And if there are special privileges extended to them, just say it with justifications and I am sure the people will understand and accept it. Transparency in such things will kill all the gossips for good.
Of course there will be many other questions that the new MPs would be eager to ask in Parliaments to enlighten themselves and the curiosity of the people. The protocol list will be quite amusing. Will the ex MM/MP and ESM/MP be in the same grouping with Hsien Loong and the ministers when receiving foreign dignitaries? Or will they queue at the tail end with the MPs? Where will they sit in Parliament, in the back rows like back benchers?
These are very interesting developments in our political scene.
6/28/2011
A message from Tan Kin Lian
Tan Kin Lian's message
Dear Friend,
I am standing for election as President of Singapore and wish to ask for your support.
Many people have told me that they want a President who can:
Be a voice of the people
Be independent of the PAP Government
Safeguard their CPF money and the national reserves
If you give me your support and I get elected, I promise you that I will carry out these tasks diligently.
I come from a humble family background. When I was a child, I lived in a rented room and had to move residence a few times. Later, I lived in a HDB flat for 7 years. Today, I live in a ordinary house and like many Singaporeans, I have a car but often travel by bus and MRT.
I understand the struggle of many people who find it difficult to earn enough to meet the cost of living, have to travel in crowded public transport daily and have to face the competition for jobs. I am close to the ordinary people in Singapore and can be your voice to carry your views to the Government.
I have never been a MP or minister in the PAP Government. As President, I will be able to think and act independently of the Government and take a different perspective in looking after the interest of the people of Singapore. I will work in cooperation with the Government to find solutions that are best for the people.
In my decisions, I will guided by my personal values of honesty, fairness, positive attitude, courage and public service and by the views of the people (which I will actively seek).
I am qualified and have the financial knowledge to safeguard your CPF money and the national reserves. I had nurtured an insurance company for 30 years, looking after the savings of over 1 million people and managing assets of $17 billion.
I understand the need to be prudent in our investments, to avoid speculation and to invest for the long term. I can bring this knowledge to the duty of the President in safeguarding the reserves.
I wish to run for President as a public duty. I do not wish to receive a large salary as President and will be willing to donate at least 50% of the salary to charity and other worthy causes.
I hope that you will give me your support and will encourage your friends, colleagues, neighbors to support me. Please help me in spreading this message to them.
Tan Kin Lian
Candidate for President of Singapore
PS. I received this message from a friend in my email. I will post messages of the other candidates as well if I can get them.
Dear Friend,
I am standing for election as President of Singapore and wish to ask for your support.
Many people have told me that they want a President who can:
Be a voice of the people
Be independent of the PAP Government
Safeguard their CPF money and the national reserves
If you give me your support and I get elected, I promise you that I will carry out these tasks diligently.
I come from a humble family background. When I was a child, I lived in a rented room and had to move residence a few times. Later, I lived in a HDB flat for 7 years. Today, I live in a ordinary house and like many Singaporeans, I have a car but often travel by bus and MRT.
I understand the struggle of many people who find it difficult to earn enough to meet the cost of living, have to travel in crowded public transport daily and have to face the competition for jobs. I am close to the ordinary people in Singapore and can be your voice to carry your views to the Government.
I have never been a MP or minister in the PAP Government. As President, I will be able to think and act independently of the Government and take a different perspective in looking after the interest of the people of Singapore. I will work in cooperation with the Government to find solutions that are best for the people.
In my decisions, I will guided by my personal values of honesty, fairness, positive attitude, courage and public service and by the views of the people (which I will actively seek).
I am qualified and have the financial knowledge to safeguard your CPF money and the national reserves. I had nurtured an insurance company for 30 years, looking after the savings of over 1 million people and managing assets of $17 billion.
I understand the need to be prudent in our investments, to avoid speculation and to invest for the long term. I can bring this knowledge to the duty of the President in safeguarding the reserves.
I wish to run for President as a public duty. I do not wish to receive a large salary as President and will be willing to donate at least 50% of the salary to charity and other worthy causes.
I hope that you will give me your support and will encourage your friends, colleagues, neighbors to support me. Please help me in spreading this message to them.
Tan Kin Lian
Candidate for President of Singapore
PS. I received this message from a friend in my email. I will post messages of the other candidates as well if I can get them.
The Sick Man of the Middle East
A warrant of arrest was issued by the western dominated International Criminal Court for the arrest of Gaddafi and his son Saif Al Islam and the Intelligence Chief for crimes against humanity. The arrogance of the West knows no limits. They are the masters of the Arab world. They can send in their armies to kill any Arab leaders at will, and now issuing a warrant of arrest for an Arab leader as if the Arab states were their colonies.
Though legally the Arab countries are independent countries, the de facto rulers of the Arab world are still the West, comprising Europe and America. And what crimes have Gaddafi committed? The presiding judge, Sanji Mmasenono Monageng had this to say about Gaddafi and his son, ‘conceived and orchestrated a plan to deter and quell by all means the civilian demonstrations’ against the regime…’ Wow, quelling civilian unrest is a crime against humanity! Then many Asian and African leaders will also be in the ICC’s list of wanted criminals.
What about those leaders that sent armies and bombers to attack and bomb other countries by acts of rash and dumb wars and killing many innocent civilians and calling them collateral damages? The Libyans have protested that ‘Nato has been committing crimes against humanity in Afghanistan, in Iraq, in Libya now. They have never considered investigating the killing of many civilians in Iraq, many civilians in Afghanistan, many civilians in Libya.’
So, what can the Arabs do about it? The West controls the gun and can point it at their heads at will. What can the Arabs do about it? Absolutely nothing. They will remain the conquered and ruled states of the West.
They are the sheeples at the international level, can only whine and suffer in at the hands of the West. Weakness is sexy and attractive and inviting, to be raped, and to be ruled. Yesterday was Saddam Hussein. Today it is Gaddafi. Who will be next tomorrow?
Though legally the Arab countries are independent countries, the de facto rulers of the Arab world are still the West, comprising Europe and America. And what crimes have Gaddafi committed? The presiding judge, Sanji Mmasenono Monageng had this to say about Gaddafi and his son, ‘conceived and orchestrated a plan to deter and quell by all means the civilian demonstrations’ against the regime…’ Wow, quelling civilian unrest is a crime against humanity! Then many Asian and African leaders will also be in the ICC’s list of wanted criminals.
What about those leaders that sent armies and bombers to attack and bomb other countries by acts of rash and dumb wars and killing many innocent civilians and calling them collateral damages? The Libyans have protested that ‘Nato has been committing crimes against humanity in Afghanistan, in Iraq, in Libya now. They have never considered investigating the killing of many civilians in Iraq, many civilians in Afghanistan, many civilians in Libya.’
So, what can the Arabs do about it? The West controls the gun and can point it at their heads at will. What can the Arabs do about it? Absolutely nothing. They will remain the conquered and ruled states of the West.
They are the sheeples at the international level, can only whine and suffer in at the hands of the West. Weakness is sexy and attractive and inviting, to be raped, and to be ruled. Yesterday was Saddam Hussein. Today it is Gaddafi. Who will be next tomorrow?
The sins of yesteryears
The presidential election is taking on a different spin. It started off with who is more independent of the PAP. Membership of the PAP or ex membership became an issue. This then took on another twist with everyone claiming that he is independent of the PAP, and he can think and act as an independent President. PAP saw this trend and has so far distanced itself from the candidates, not willing to endorse anyone of them. This could be the first elected President that is not endorsed by the PAP despite the fact that all three Tans were ex PAP and with two recently resigned just to stand for the election. Stop that cynical smile will ya?
The main media has been saying all the good and kind things about the candidates, how refined and dignified they looked if they become the President. Everyone has a brilliant track record to boot and it is a matter of whose is more kilat. In terms of good look, none may be as photogenic as Harrison Ford, Bill Pullman or Denzel Washington, but passable.
The part that none of them was counting on is another side of their track records that are now circulating in the internet. Every human bean has a past, a little indiscretion or infidelity, a little nastiness or naughtiness. Just hope that the past is not heinous enough to destroy their chances to be the President. Would their pasts catch up with them and would they pay for their pasts?
It is a lesson that everyone shall take heed. Things always come full circle and what one did unto others will come around in the most irritating and crucial moment. It is now a matter of who did less and who the people would forgive. One of them is going to be our President.
Is the past important?
The main media has been saying all the good and kind things about the candidates, how refined and dignified they looked if they become the President. Everyone has a brilliant track record to boot and it is a matter of whose is more kilat. In terms of good look, none may be as photogenic as Harrison Ford, Bill Pullman or Denzel Washington, but passable.
The part that none of them was counting on is another side of their track records that are now circulating in the internet. Every human bean has a past, a little indiscretion or infidelity, a little nastiness or naughtiness. Just hope that the past is not heinous enough to destroy their chances to be the President. Would their pasts catch up with them and would they pay for their pasts?
It is a lesson that everyone shall take heed. Things always come full circle and what one did unto others will come around in the most irritating and crucial moment. It is now a matter of who did less and who the people would forgive. One of them is going to be our President.
Is the past important?
6/27/2011
Pension versus CPF payout
This is becoming a sore thumb. Many are grimacing at the inconsistency in the application of the two schemes, particularly the time for withdrawal. In one case it is withdrawing with pleasure and another with so much agony, so difficult to pull out with possibility of die standing and still trap inside. The unhappy CPF members are claiming that there is no logic that can be withdrawn at 55 and in a big way, while another at 62, in bits and drips, and probably stuck inside for a long, long time.
Actually the logic is plain and clear. It is the most logical thing to do so when the CPF savings are limited and exhaustible. You take out too much and too early, it will all be gone. In the case of pension, it is kind of unlimited, or at least the source of the fund is unlimited. So there is no problem withdrawing early even with big amounts. The stock will be replenished from the treasury. As for CPF savings, the person withdrawing his own money is not going to put in his own money to withdraw his own money later. You just can’t go on withdrawing from a fixed sum of savings without replenishing.
It is all about practicality and expediency. This should settle this contentious issue for all.
Actually the logic is plain and clear. It is the most logical thing to do so when the CPF savings are limited and exhaustible. You take out too much and too early, it will all be gone. In the case of pension, it is kind of unlimited, or at least the source of the fund is unlimited. So there is no problem withdrawing early even with big amounts. The stock will be replenished from the treasury. As for CPF savings, the person withdrawing his own money is not going to put in his own money to withdraw his own money later. You just can’t go on withdrawing from a fixed sum of savings without replenishing.
It is all about practicality and expediency. This should settle this contentious issue for all.
The myth of an independent elected President
The issue in everyone’s mind is how independent would or should the elected President be. Or should this be an issue at all as everything seemed to work well with PAP sponsored Presidents in the past. Why should it then be an issue now? And conventional wisdom says it is ok, just like issues of conflict of interests in many quarters were brushed aside as ok, no issue. Would the issue of having a really independent President as opposed to a political party sponsored President be settled once and for all by the voters?
Several self serving explanations on the political and social system have been debunked and became outright matters of disgust overnight. If this issue of having an independent President is overwhelmingly endorsed by the voters, with a truly independent President voted into office, it will be a sign of independent thinking and maturity of the electorates. It will be a sign that they are thinking and know that what they have been told were not necessarily good or for their own interest.
The next institution that may be rubbished is the concept of a one party dominant political system. This has been propounded as an unique wisdom in paradise, that it is the best system for a small and complex nation. There is no need for strong alternative parties and alternative voices in parliament, only a strong one party rule system will serve the people best. And a strong one party system with the best talents on board, incorruptible, selfless and righteous, and always thinking of doing their best to serve the people, be the servants of the people, is the best system for the people.
More of such self serving reasonings and institutions will go down, one after another, when the people decide to put on their thinking caps and not allow other people to think for them. This must be good, or bad to some, depending on which side of the equation one belongs.
Several self serving explanations on the political and social system have been debunked and became outright matters of disgust overnight. If this issue of having an independent President is overwhelmingly endorsed by the voters, with a truly independent President voted into office, it will be a sign of independent thinking and maturity of the electorates. It will be a sign that they are thinking and know that what they have been told were not necessarily good or for their own interest.
The next institution that may be rubbished is the concept of a one party dominant political system. This has been propounded as an unique wisdom in paradise, that it is the best system for a small and complex nation. There is no need for strong alternative parties and alternative voices in parliament, only a strong one party rule system will serve the people best. And a strong one party system with the best talents on board, incorruptible, selfless and righteous, and always thinking of doing their best to serve the people, be the servants of the people, is the best system for the people.
More of such self serving reasonings and institutions will go down, one after another, when the people decide to put on their thinking caps and not allow other people to think for them. This must be good, or bad to some, depending on which side of the equation one belongs.
6/26/2011
Black Saturday at Hong Lim Park
Gilbert Goh and his friends are making Hong Lim Speakers Corner as their home for Saturday evening picnic. Yesterday, 25 Jun, about 200 people in black were there to listen to their airing of the unhappiness over CPF minimum withdrawal and the employment of Singaporean first policy over foreigners.
The mood was quite calm and peaceful as the issues were discussed over a portable sound system that did not have the ballast to jolt the ground. I was there for a short while to take a few shots of the picnic and to feel the mood of the spectators. I missed the key speakers which include Tan Kin Lian, Tony Tan and Nicole Seah.
6/25/2011
Alternative and main media reporting
The ST splashed on its front page today on the findings of a poll on party affiliation of presidential candidates. It reported that 50% of the respondents were of the view that ‘party affiliation not key in presidential race’. About 1/3 or 18 of the people polled thought that party affiliation could be an advantage and 12 people or 20% thought that this would work against the candidate. This, in my mental computation, says that about 80% of the people would not mind a candidate that is affiliated to the PAP. Tony should win hands down with this kind of feedback.
I did a straw poll and found that 100% of all polled was sceptical about a party candidate as a president. They all have the same reservation about how impartial and objective a president can be when he is too close or familiar with a political party. They described this kind of relationship with strong and unrefined words which clearly placed where their sympathy lies.
Ah, I think my poll is biased as the people polled somehow are less objective and will vote without thinking. So, to have a fair and representative survey it is important to select the respondents carefully and not going after the people that would tell you what you want to hear.
Somehow, the alternative and main media seem to be reading different things and painting different pictures from different groups of people. So, how different would the internet reporters invited to Tony Tan’s press conference be from the main stream reporters in their coverage of the event? Interestingly, the number one alternative media, Temasek Review Emeritus, was not invited while TOC, the Online Citizen, was invited. Is this an indicator that TOC has a better standing in the eyes of the establishment and deserved to be invited to the press conference?
Whatever, the act of being invited to a high profile political event speaks well for the alternative media. It is gaining recognition as a place where worthy alternative news and views are sought after. I am sure TRE will also be invited in times to come when people are more comfortable or accommodating to alternative reporting and opinions.
I did a straw poll and found that 100% of all polled was sceptical about a party candidate as a president. They all have the same reservation about how impartial and objective a president can be when he is too close or familiar with a political party. They described this kind of relationship with strong and unrefined words which clearly placed where their sympathy lies.
Ah, I think my poll is biased as the people polled somehow are less objective and will vote without thinking. So, to have a fair and representative survey it is important to select the respondents carefully and not going after the people that would tell you what you want to hear.
Somehow, the alternative and main media seem to be reading different things and painting different pictures from different groups of people. So, how different would the internet reporters invited to Tony Tan’s press conference be from the main stream reporters in their coverage of the event? Interestingly, the number one alternative media, Temasek Review Emeritus, was not invited while TOC, the Online Citizen, was invited. Is this an indicator that TOC has a better standing in the eyes of the establishment and deserved to be invited to the press conference?
Whatever, the act of being invited to a high profile political event speaks well for the alternative media. It is gaining recognition as a place where worthy alternative news and views are sought after. I am sure TRE will also be invited in times to come when people are more comfortable or accommodating to alternative reporting and opinions.
6/24/2011
Why so few local CEOs?
In a pow wow session of local banks, most of the CEOs present were foreigners. Even the top local bank is represented by a foreigner who ‘may have just turned citizen.’ Sitting at the discussion panel organized by the Institute of Banking and Finance were ‘Lester Gray, CEO, Asia Pacific, Schroder Investment Management; Loh Boon Chye, managing director, head of corporate and investment bank, Asia Pacific, Deutsche Bank; Piyush Gupta, group CEO, DBS Bank; and Ray Ferguson, regional CEO, Singapore and South East Asia, Standard Chartered Bank.’
The only local sitting in the panel of CEOs was only a MD. A participant asked why there were so few local CEOs and the replied was that the banks were not concerned with nationalities but with experience. So the daft Singaporeans would still need to wait to be experienced. And hopefully someone will give them the experience and the chance to make mistakes. The Sinkie culture is not to take risk and not to try out the locals. On the other hand, foreigners were given all the opportunities to gain experience and make mistakes, even in Singapore.
So, how are Singaporeans going to gain experience and become CEOs when they are not even given the chance to gain experience? By the way things are developing, in the next 30 years or more, the daft Singaporeans will all be waiting to gain experience to become CEOs, even of local banks. And very likely during this period, all the local banks will be headed by foreign CEOs. The only exception is UOB if it is not forced to put a foreign CEO to take over the banking empire that Wee Cho Yaw has built.
Kind of embarrassing isn’t it? Actually it is not embarrassing. It is stupidity of the extreme kind. Our locals better go overseas to try to be CEOs there and hope that those countries are stupid enough, like us, to let them gain experience and make mistakes as CEOs.
I am waiting to see who will be the next foreign CEO to take over UOB.
The only local sitting in the panel of CEOs was only a MD. A participant asked why there were so few local CEOs and the replied was that the banks were not concerned with nationalities but with experience. So the daft Singaporeans would still need to wait to be experienced. And hopefully someone will give them the experience and the chance to make mistakes. The Sinkie culture is not to take risk and not to try out the locals. On the other hand, foreigners were given all the opportunities to gain experience and make mistakes, even in Singapore.
So, how are Singaporeans going to gain experience and become CEOs when they are not even given the chance to gain experience? By the way things are developing, in the next 30 years or more, the daft Singaporeans will all be waiting to gain experience to become CEOs, even of local banks. And very likely during this period, all the local banks will be headed by foreign CEOs. The only exception is UOB if it is not forced to put a foreign CEO to take over the banking empire that Wee Cho Yaw has built.
Kind of embarrassing isn’t it? Actually it is not embarrassing. It is stupidity of the extreme kind. Our locals better go overseas to try to be CEOs there and hope that those countries are stupid enough, like us, to let them gain experience and make mistakes as CEOs.
I am waiting to see who will be the next foreign CEO to take over UOB.
Another challenge to PAP’s political dominance
Tony Tan has resigned from the PAP and confirmed his running for the president as an independent candidate just like Tan Cheng Bock. Many people will be wondering how independent does it mean? Is he PAP’s sponsored candidate just like the past elected presidents? Teng Cheong and Nathan did not claim to be independent candidates and were comfortable to be seen as PAP’s choices. Is the announcement that he is an independent candidate puts him at a distance from the PAP and would the people believe this to be so?
It is in the interest of the PAP to have its own sponsored candidate as it had done so in the past. The Elected Presidency, like the GRC, is designed to favour the PAP’s choice of candidate. And it is unlikely that PAP would not run a presidential candidate and give up its stake in the Elected President. In all reasonings, Tony will be seen as the PAP’s candidate unless PAP actually put up another candidate with an official endorsement of support. Without doing so, how many voters would believe that Tony is not PAP’s candidate.
Tony is PAP’s trump card, the strongest card it has played and available to the party. The winning of the presidency by a PAP backed candidate is of paramount importance to the party. It must win as the other candidates have openly stated that they want to be guardians of the reserves, exactly as what the elected president was set up to do. Life will be tough or at least not as easy going should anyone not on the PAP’s side is elected.
How would the people decide who should be their president? Would they choose a president the PAP wanted, or would they choose otherwise? Or would PAP just leave the situation as it is, that Tony is an independent candidate and not say anything in his favour? Given Tony’s standing and stature, it should be a walkover. He has all the good qualities expected of a president. He even looks like a president.
It is not that Cheng Bock or Kin Lian look less like a president. They too look quite good. If one were to place all the cards on the table, Tony definitely has a big edge. The only thing going against him is his closeness with the PAP.
If the people find that a truly independent president, independent from the PAP, is the crux of the matter, and the most important attribute of the president, then all the goodness of Tony may be swept aside. If the people want a president that will stand up to the PAP, then unfortunately, Tony will not be their candidate of choice no matter how many thousand times Tony claimed that he is an independent candidate, ready to do what is expected of him as the President, to protect the country’s reserves.
There is nothing Tony can do to remove himself completely from his past association. You can’t blame anyone for thinking that he is PAP. It would be an uphill task for Tony to persuade the people to think otherwise. He can try of course.
So, what do the people want? A rejection of Tony will be the clearest warning that the PAP has lost all its political capital and on its way out. This is a presidential election to watch, coming so close behind the last GE. The GE was a watershed. The presidential election could be a waterfall. It will see another of PAP’s foundation being knocked down should Cheng Bock or Kin Lian trounce Tony. It will be another attempt by the people to chip on the PAP’s armour of invincibility.
The public consensus that no opposition can bring down the PAP except the PAP itself is becoming a reality. Both Cheng Bock and Kin Lian were PAP. It is the breakaway, the internal rivalry that is coming to the open. It only needs the people to help make it happen.
It is in the interest of the PAP to have its own sponsored candidate as it had done so in the past. The Elected Presidency, like the GRC, is designed to favour the PAP’s choice of candidate. And it is unlikely that PAP would not run a presidential candidate and give up its stake in the Elected President. In all reasonings, Tony will be seen as the PAP’s candidate unless PAP actually put up another candidate with an official endorsement of support. Without doing so, how many voters would believe that Tony is not PAP’s candidate.
Tony is PAP’s trump card, the strongest card it has played and available to the party. The winning of the presidency by a PAP backed candidate is of paramount importance to the party. It must win as the other candidates have openly stated that they want to be guardians of the reserves, exactly as what the elected president was set up to do. Life will be tough or at least not as easy going should anyone not on the PAP’s side is elected.
How would the people decide who should be their president? Would they choose a president the PAP wanted, or would they choose otherwise? Or would PAP just leave the situation as it is, that Tony is an independent candidate and not say anything in his favour? Given Tony’s standing and stature, it should be a walkover. He has all the good qualities expected of a president. He even looks like a president.
It is not that Cheng Bock or Kin Lian look less like a president. They too look quite good. If one were to place all the cards on the table, Tony definitely has a big edge. The only thing going against him is his closeness with the PAP.
If the people find that a truly independent president, independent from the PAP, is the crux of the matter, and the most important attribute of the president, then all the goodness of Tony may be swept aside. If the people want a president that will stand up to the PAP, then unfortunately, Tony will not be their candidate of choice no matter how many thousand times Tony claimed that he is an independent candidate, ready to do what is expected of him as the President, to protect the country’s reserves.
There is nothing Tony can do to remove himself completely from his past association. You can’t blame anyone for thinking that he is PAP. It would be an uphill task for Tony to persuade the people to think otherwise. He can try of course.
So, what do the people want? A rejection of Tony will be the clearest warning that the PAP has lost all its political capital and on its way out. This is a presidential election to watch, coming so close behind the last GE. The GE was a watershed. The presidential election could be a waterfall. It will see another of PAP’s foundation being knocked down should Cheng Bock or Kin Lian trounce Tony. It will be another attempt by the people to chip on the PAP’s armour of invincibility.
The public consensus that no opposition can bring down the PAP except the PAP itself is becoming a reality. Both Cheng Bock and Kin Lian were PAP. It is the breakaway, the internal rivalry that is coming to the open. It only needs the people to help make it happen.
6/23/2011
PAP’s presidential candidate
With the amount of publicity in the main media, it is almost certain that Tony Tan is the likely PAP candidate for the presidential election. So Nathan would likely be stepping down. For those who are looking for a Malay President, the hope is fading away fast.
There should be no issue about Tony’s credential and qualification for the presidency. His only weakness is his PAP badge even if it is taken down. The mood of the people is for a truly independent president, not just because of his great credential and track record. If Tony is defeated, it is not because he is not good enough.
The bigger issue is who to fill his position of Executive Director in GIC. From past experience, no one is good enough, I mean no locals will be good enough. They all lack international exposure and experience. Very likely another yoda will be wheeled to fill the post. If they can’t fill any yoda that is still kicking, maybe the next obvious choice is a foreign talent. And there are plenty of foreign talents available. If need be, just offer the candidate a citizenship badge and call him citizen. That should do the trick to soothe the nationalistic fervour.
Any true blue Singaporean hopefuls eyeing for the job will only be disappointed. We just don’t have that kind of caliber candidates today. Anyone under 60 belongs to a generation of straight As and first class but good on paper only. Maybe good enough to become politicians. The real talent will likely come from a little village somewhere around the world, preferably in a third world country, hungry and willing. Never mind if his primary or secondary or even first degree is not from a branded top notch school. Never mind if there are no straight As. Ability and talent are not written in a straight As report card or first class degree from the Ivy League.
There must be many dark horses waiting to fill Tony’s shoes. Or maybe a white stallion from the US or Europe will also do. Sinkies, forget it. Just my reading after gazing too long at an old crystal ball.
There should be no issue about Tony’s credential and qualification for the presidency. His only weakness is his PAP badge even if it is taken down. The mood of the people is for a truly independent president, not just because of his great credential and track record. If Tony is defeated, it is not because he is not good enough.
The bigger issue is who to fill his position of Executive Director in GIC. From past experience, no one is good enough, I mean no locals will be good enough. They all lack international exposure and experience. Very likely another yoda will be wheeled to fill the post. If they can’t fill any yoda that is still kicking, maybe the next obvious choice is a foreign talent. And there are plenty of foreign talents available. If need be, just offer the candidate a citizenship badge and call him citizen. That should do the trick to soothe the nationalistic fervour.
Any true blue Singaporean hopefuls eyeing for the job will only be disappointed. We just don’t have that kind of caliber candidates today. Anyone under 60 belongs to a generation of straight As and first class but good on paper only. Maybe good enough to become politicians. The real talent will likely come from a little village somewhere around the world, preferably in a third world country, hungry and willing. Never mind if his primary or secondary or even first degree is not from a branded top notch school. Never mind if there are no straight As. Ability and talent are not written in a straight As report card or first class degree from the Ivy League.
There must be many dark horses waiting to fill Tony’s shoes. Or maybe a white stallion from the US or Europe will also do. Sinkies, forget it. Just my reading after gazing too long at an old crystal ball.
6/22/2011
Screw those with entitlement mentality
No one is entitled to anything. There have been many strong remarks chastising young people for wanting to buy bigger flats as if it is an entitlement. If you can’t afford bigger flat, buy smaller flat that is within your means. This is the haughty reply of the successful. The losers, please take note, you only got yourself to blame for not being able to afford bigger and more expensive properties.
Today, young professional couples were told to buy smaller 4rm or 3rm flats with 2 incomes. Their aspiration for a bigger flat was doomed with the high prices in public flats and profiteering of private developers. Compared to their parents, a taxi driver or technician with one income could comfortably buy a 5 rm flat. Some even could afford executive flats. So what went wrong? The quality of housing has gone down. A 3rm mickey mouse flat is for mickey mouse and not for bringing up family.
Don’t even mention about those 500 sq ft shoe boxes. No matter how well furnished, they are good for pets only, not for human beans.
The expectation and aspiration for better housing and bigger housing are not entitlement mentality. Everyone wants to live better, has a decent place to bring up family. And they elect MPs to Parliament, to form govt, to look after their interest and aspiration. If the govt cannot fulfil the needs and aspiration of the people, they can piss off. The people are not going to take no and rubbish for an answer. If a govt cannot deliver and rebuke the people for better and higher expectations in living standards, and rubbish them as entitlement mentality, the people must remember to vote them out in the next GE.
What is entitlement mentality? Entitlement mentality is expecting to be paid several millions a year, even when one has no executive responsibility, no ministry to run, no tangible portfolio and no army of people to manage. This is the kind of entitlement mentality that should be debunked. Entitlement mentality is expecting to be paid as much or more than one’s previous job when they are totally unrelated or irrelevant. What skill does a professionally trained person in medicine, law, science or whatever brought in to the govt other than basic thinking and management skill? Why should one then be entitled to the same kind of remuneration?
If you don’t pay me, then I would not serve. Thank you, good riddance. There are plenty of talents out there who can do equally well in govt and would not have the entitlement mentality of wanting to be paid in millions. Screw those with this kind of entitlement mentality. Don’t vote for them in the next GE.
Today, young professional couples were told to buy smaller 4rm or 3rm flats with 2 incomes. Their aspiration for a bigger flat was doomed with the high prices in public flats and profiteering of private developers. Compared to their parents, a taxi driver or technician with one income could comfortably buy a 5 rm flat. Some even could afford executive flats. So what went wrong? The quality of housing has gone down. A 3rm mickey mouse flat is for mickey mouse and not for bringing up family.
Don’t even mention about those 500 sq ft shoe boxes. No matter how well furnished, they are good for pets only, not for human beans.
The expectation and aspiration for better housing and bigger housing are not entitlement mentality. Everyone wants to live better, has a decent place to bring up family. And they elect MPs to Parliament, to form govt, to look after their interest and aspiration. If the govt cannot fulfil the needs and aspiration of the people, they can piss off. The people are not going to take no and rubbish for an answer. If a govt cannot deliver and rebuke the people for better and higher expectations in living standards, and rubbish them as entitlement mentality, the people must remember to vote them out in the next GE.
What is entitlement mentality? Entitlement mentality is expecting to be paid several millions a year, even when one has no executive responsibility, no ministry to run, no tangible portfolio and no army of people to manage. This is the kind of entitlement mentality that should be debunked. Entitlement mentality is expecting to be paid as much or more than one’s previous job when they are totally unrelated or irrelevant. What skill does a professionally trained person in medicine, law, science or whatever brought in to the govt other than basic thinking and management skill? Why should one then be entitled to the same kind of remuneration?
If you don’t pay me, then I would not serve. Thank you, good riddance. There are plenty of talents out there who can do equally well in govt and would not have the entitlement mentality of wanting to be paid in millions. Screw those with this kind of entitlement mentality. Don’t vote for them in the next GE.
6/21/2011
No letting up in anger
Housing problems continue to drive the angry home buyers up the wall. And the high but affordable prices of the newly launched flats in Tampines only add fuel to the already unhappy young couples. Boon Wan’s explanation that DBSS flats must not be seen as HDB flats was immediately dismissed by the affected people. No one believes or want to believe that DBSS flats are different from HDB as many of the HDB rules and regulations are still applicable to these flats except for the part of the developer.
Boon Wan’s explanation is going to go the road of his $8 open heart surgery. Can anyone blame the people for their anger and cynicism? The writing is on the wall for the govt. They have 5 years to appease the anger of the people and their expectation for a whole range of issues, from housing to foreign talents and the recognition that the citizens must be taken care of first. Haughty talks of telling the people to tighten belt, lower their expectations to fit their pockets are not going to be well received. Failing to address these issues will see the party being dumped into the pages of history.
Make no mistake about it. The previous hard nose and snotty approach to handling the citizens and brow beating them to acquiescence no longer works. No one in the govt has that kind of authority and stature to brush the people aside anymore. Any politician who thinks he can still behave and talk like immortals or gods got to prepare for the backlash that will come swift and fast. Talking cock and trying to pull wools over the eyes of a new people that have woken to their rights and the realization that they must take control of their own future and country will be tough going.
There is a sense of emancipation from years of oppression and intimidation. The political culture and climate are at a cross road, for more freedom of choice and expression or for the hammer to come smashing down and a return to an abrasive and intolerant past.
What would it be like in 2016 depends on the changes that are taking place today, a pro people govt or a govt that decides on what it thinks best, even contrary to the people’s interests and aspirations.
Boon Wan’s explanation is going to go the road of his $8 open heart surgery. Can anyone blame the people for their anger and cynicism? The writing is on the wall for the govt. They have 5 years to appease the anger of the people and their expectation for a whole range of issues, from housing to foreign talents and the recognition that the citizens must be taken care of first. Haughty talks of telling the people to tighten belt, lower their expectations to fit their pockets are not going to be well received. Failing to address these issues will see the party being dumped into the pages of history.
Make no mistake about it. The previous hard nose and snotty approach to handling the citizens and brow beating them to acquiescence no longer works. No one in the govt has that kind of authority and stature to brush the people aside anymore. Any politician who thinks he can still behave and talk like immortals or gods got to prepare for the backlash that will come swift and fast. Talking cock and trying to pull wools over the eyes of a new people that have woken to their rights and the realization that they must take control of their own future and country will be tough going.
There is a sense of emancipation from years of oppression and intimidation. The political culture and climate are at a cross road, for more freedom of choice and expression or for the hammer to come smashing down and a return to an abrasive and intolerant past.
What would it be like in 2016 depends on the changes that are taking place today, a pro people govt or a govt that decides on what it thinks best, even contrary to the people’s interests and aspirations.
6/20/2011
The President’s Cup – The missing third key
The SIA Cup carries the biggest prize money in the Singapore horse racing circuit. But this pales in comparison with the Presidential Race that is scheduled in late August. The prize money is a cool $24m minimum, with options of doubling or tripling that sum to $48m or $72m if performance bonus and growth bonus are included.
With this heavenly sum of money to be won, it is unbelieveable that till now, only two entries have been confirmed. One is an outsider and another ‘an also ran’ coming from the most successful stable. The defending champion, a two time winner, has yet to confirm if he is defending his title. In the meantime the stable has previewed another thoroughbred that could possibly be their front runner for the contest.
The bookies have put up a reasonable odd of 1 to 10 for the outsider to win the race. The breakaway entry is given a higher rating in view of his past association with the famed stable. This makes it imperative that the stable must put up a good fight and not to take the two outsiders lightly. The ageing two time winner with too much weight handicap may be rested for good. And there is no room for a dark horse to run and to think of winning.
Why is there such a dearth of entries in probably the richest race on earth? Someone has locked the door and threw away the key. It is of paramount importance that this key is found and the door reopened so that a proper race can be run with every good contestant be given an equal chance, at least at the starting block. It cannot be a race when practically all entries are ruled out or locked out from the race.
With this heavenly sum of money to be won, it is unbelieveable that till now, only two entries have been confirmed. One is an outsider and another ‘an also ran’ coming from the most successful stable. The defending champion, a two time winner, has yet to confirm if he is defending his title. In the meantime the stable has previewed another thoroughbred that could possibly be their front runner for the contest.
The bookies have put up a reasonable odd of 1 to 10 for the outsider to win the race. The breakaway entry is given a higher rating in view of his past association with the famed stable. This makes it imperative that the stable must put up a good fight and not to take the two outsiders lightly. The ageing two time winner with too much weight handicap may be rested for good. And there is no room for a dark horse to run and to think of winning.
Why is there such a dearth of entries in probably the richest race on earth? Someone has locked the door and threw away the key. It is of paramount importance that this key is found and the door reopened so that a proper race can be run with every good contestant be given an equal chance, at least at the starting block. It cannot be a race when practically all entries are ruled out or locked out from the race.
Tears of a War Secretary
Robert Gates cried. In his two terms as Defence Secretary, he had signed 3,400 condolence letters for American boys and girls killed in Afghanistan and Iraq. Multiply that number by 50, there could be 150,000 wounded, some maimed for life, for the wars that the US is conducting in the two countries, and more to come in other areas.
The US has been a warring nation since the end of the Second World War. It has been at war with other nations practically continuously since then. At the same time it has been screaming to the world that it is the most peace loving nation. And while I am typing this, it is in the process of starting another war in the South China Sea. This time it is egging on Vietnam and the Philippines to take on China, with the US behind them.
This obnoxious war mongering country cannot deceive the world forever.
And it was reported that Gates ‘publicly questioned the need for the US to join the Nato air war in Libya…’ Who would believe that the Americans are the angels and not the devils that are dictating the conduct of war in Libya? Yes, publicly questioned, but what is his position behind the public eyes? The fact that the US continues to engage in more wars and trying to start more wars is testimony of what he stands for.
And he shed crocodile tears for the innocent boys and girls he sent to wars and came home in black plastic bags. ‘There’s probably not a day in the last four years that I haven’t wept, and it’s mostly when I’m doing those letters.’ He was referring to the condolence letters he had to send to the bereaved families. No amount of tears that he shed could make things better for the families of the dead American boys and girls. The world will be a more peaceful place if the Americans stop waging wars. There will be wars among the smaller countries, but would not be in the scale near to what the Americans are doing.
Should the Americans and the people of other nations that have died during his terms of service say, ‘Don’t cry Bob, you are such an angel. God loves you for your compassion?’ Did he shed a single tear for the 'enemies' and the 'collateral damages', innocent people killed by his acts of war?
The US has been a warring nation since the end of the Second World War. It has been at war with other nations practically continuously since then. At the same time it has been screaming to the world that it is the most peace loving nation. And while I am typing this, it is in the process of starting another war in the South China Sea. This time it is egging on Vietnam and the Philippines to take on China, with the US behind them.
This obnoxious war mongering country cannot deceive the world forever.
And it was reported that Gates ‘publicly questioned the need for the US to join the Nato air war in Libya…’ Who would believe that the Americans are the angels and not the devils that are dictating the conduct of war in Libya? Yes, publicly questioned, but what is his position behind the public eyes? The fact that the US continues to engage in more wars and trying to start more wars is testimony of what he stands for.
And he shed crocodile tears for the innocent boys and girls he sent to wars and came home in black plastic bags. ‘There’s probably not a day in the last four years that I haven’t wept, and it’s mostly when I’m doing those letters.’ He was referring to the condolence letters he had to send to the bereaved families. No amount of tears that he shed could make things better for the families of the dead American boys and girls. The world will be a more peaceful place if the Americans stop waging wars. There will be wars among the smaller countries, but would not be in the scale near to what the Americans are doing.
Should the Americans and the people of other nations that have died during his terms of service say, ‘Don’t cry Bob, you are such an angel. God loves you for your compassion?’ Did he shed a single tear for the 'enemies' and the 'collateral damages', innocent people killed by his acts of war?
6/19/2011
$420 for dinner at Geylang
This is the bill for seafood dinner for 4 adults and 2 children at a seafood restaurant in Geylang. It was touted as good food. The chef took the order and cooked it himself. Not sure if the restaurant is aircon. It looks like the typical old shophouse converts. Of course the customers saw red. Me too. I would rather spend that kind of money in a comfortable aircon restaurant with a more pleasant ambient. Geylang and $400!
But caveat emptor. Willing buyer willing seller. The only difference is that the willing buyer did not ask the price before ordering and thus asked for it. I never patronise any place when they hide the menu and the price. That is the first warning sign. Anything that people hide and refuse to tell in Singapore is telling you they have something to hide. Transparency is only for the fools.
Come to think of it, spending $420 is nothing. In this country, the price is unlimited. It can go to the millions for a surgery. Well, everyone is expecting to be paid in millions and anyway. All it takes is to call oneself a supertalent or the best cook or best meat cutter. Some suckers will just pay. Nothing is free. It all comes from the daft Singaporeans who don’t even know that they are being fleeced and keep saying, it is worth it. You pay the price for quality. That is the mantra of this paradise. The more pricer, the betterer the quality. Quality is measured by money paid.
But caveat emptor. Willing buyer willing seller. The only difference is that the willing buyer did not ask the price before ordering and thus asked for it. I never patronise any place when they hide the menu and the price. That is the first warning sign. Anything that people hide and refuse to tell in Singapore is telling you they have something to hide. Transparency is only for the fools.
Come to think of it, spending $420 is nothing. In this country, the price is unlimited. It can go to the millions for a surgery. Well, everyone is expecting to be paid in millions and anyway. All it takes is to call oneself a supertalent or the best cook or best meat cutter. Some suckers will just pay. Nothing is free. It all comes from the daft Singaporeans who don’t even know that they are being fleeced and keep saying, it is worth it. You pay the price for quality. That is the mantra of this paradise. The more pricer, the betterer the quality. Quality is measured by money paid.
6/18/2011
Nuclear power plants for sale
Germany has decided to scrap all its nuclear power plants. The French are also pressing their govt to do so. Japan is on the way too if the Japanese could have their way. Potentially there are at least three countries that may lelong their power plants to power hungry countries.
Asean looks like the best candidate to benefit from such fire sales. Politically they are more acceptable to the West to be recipients of this dangerous technology. Singapore, Malaysia and Indonesia are quite advanced in their research on nuclear technology and the harnessing of nuclear power for commercial use.
This is a golden opportunity to send a joint delegation to these countries to buy over their nuclear plants, lock, stock and barrel for a song, including their experts and technicians. Where else can one get such a turnkey project without having to reinvent the wheel? And all three can become instant nuclear powers with nuclear fuel and enriched uranium for sale. They can gain international stature by joining the elite nuclear club.
All that is necessary now is to get some nuclear experts to swear that nuclear energy is perfectly safe with all the safe guard measures built in from the experience in Fukushima. Everything that can go wrong will not go wrong anymore. All taken care of.
Malaysia can site their nuclear plant in Johore, Indonesia can site theirs in Batam and we put ours in Tekong or Ubin. We can call it the Asean nuclear triangle of the three Asean nuclear powers. Locating them together will cancel each others concern of nuclear risk and radioactive fallouts. I risk you and you risk me. Fair and square.
Asean looks like the best candidate to benefit from such fire sales. Politically they are more acceptable to the West to be recipients of this dangerous technology. Singapore, Malaysia and Indonesia are quite advanced in their research on nuclear technology and the harnessing of nuclear power for commercial use.
This is a golden opportunity to send a joint delegation to these countries to buy over their nuclear plants, lock, stock and barrel for a song, including their experts and technicians. Where else can one get such a turnkey project without having to reinvent the wheel? And all three can become instant nuclear powers with nuclear fuel and enriched uranium for sale. They can gain international stature by joining the elite nuclear club.
All that is necessary now is to get some nuclear experts to swear that nuclear energy is perfectly safe with all the safe guard measures built in from the experience in Fukushima. Everything that can go wrong will not go wrong anymore. All taken care of.
Malaysia can site their nuclear plant in Johore, Indonesia can site theirs in Batam and we put ours in Tekong or Ubin. We can call it the Asean nuclear triangle of the three Asean nuclear powers. Locating them together will cancel each others concern of nuclear risk and radioactive fallouts. I risk you and you risk me. Fair and square.
6/17/2011
DBSS flats are affordable
The latest launch of DBSS flats in Tampines is looking quite good with comments from those interviewed that the prices are reasonable and affordable. 3 rm units cost between $400k to $500k, 4 rm from $530k to $680k and 5 rm units from $685k to $880k. Though the prices are comparable to some private developments, all those interviewed have only good things to say about them, good location and good facilities to justify the price. No one is complaining about not being able to afford them.
I think they will sell very well. And those interviewed are relatively young people. I am really impressed by the number of young people who are doing so well and find spending $600k to $900k for a flat affordable. Don’t expect HDB prices to come down when people have no problem paying for such flats. This is the best confirmation that property prices will remain solid like rocks.
There is no need for Boon Wan to raise the $8000 ceiling. Maybe those interviewed have combined income of $15k or more.
I think they will sell very well. And those interviewed are relatively young people. I am really impressed by the number of young people who are doing so well and find spending $600k to $900k for a flat affordable. Don’t expect HDB prices to come down when people have no problem paying for such flats. This is the best confirmation that property prices will remain solid like rocks.
There is no need for Boon Wan to raise the $8000 ceiling. Maybe those interviewed have combined income of $15k or more.
Quote from Baey Yam Keng
‘We should be more outspoken in speaking up on issues, not just in Parliament but also separately in our constituencies. Each MP would have to raise his own profile; we need to be more politically astute rather than just being implementors on the ground.’ - Baey Yam Keng
The above is the feedback from Baey Yam Keng on the last GE and what went right and wrong and what needs to be changed. What he said is the need for an MP to be himself, to be noticed as an individual leader, to have a voice and a view. So far, the political system under the PAP has been putting the PAP first and the rest of the MPs subsumed under the brand and become nondescripts. They have not much of an identity, not much of a view except those of the collective view or position of the PAP.
Perhaps the current state of affair is a legacy of the past, when anyone can become an MP, literate of illiterate, donkey or genius. In those situation, it was better that they be shut out and said nothing, just towed the line before they confused everyone and talked nonsense thinking that they were immortals.
Today the whole game has been changed. The PAP MPs in particular, are the best of the best, the best that the PAP can find in the island. They are the most talented and with leadership qualities in their blood. Many were even scholars with the best academic report cards comparable to the best in the word. It is a pity and a waste to keep them in the bottle, not allowing them to speak up and prove that they are really great leaders, with an ability to think independently. With their qualifications and the stringent selection criteria, every one of them should rightly be good enough as ministers if needed be.
I agree with Baey Yam Keng that such great talents must be allowed to shine and be seen and adored by the people. The only slight problem is that if they speak too freely and express contrarian views to PAP’s official position, it may be a bit difficult to swallow. And it could be worst when they are expected to vote for policies which they spoke vehemently against in public only to tow the line. It can undermine their integrity and sincerity or look hypocritical.
By all means, it is still a good suggestion to have these great talents speaking out more freely and more often instead of ‘no comments, it is party policies’.
The above is the feedback from Baey Yam Keng on the last GE and what went right and wrong and what needs to be changed. What he said is the need for an MP to be himself, to be noticed as an individual leader, to have a voice and a view. So far, the political system under the PAP has been putting the PAP first and the rest of the MPs subsumed under the brand and become nondescripts. They have not much of an identity, not much of a view except those of the collective view or position of the PAP.
Perhaps the current state of affair is a legacy of the past, when anyone can become an MP, literate of illiterate, donkey or genius. In those situation, it was better that they be shut out and said nothing, just towed the line before they confused everyone and talked nonsense thinking that they were immortals.
Today the whole game has been changed. The PAP MPs in particular, are the best of the best, the best that the PAP can find in the island. They are the most talented and with leadership qualities in their blood. Many were even scholars with the best academic report cards comparable to the best in the word. It is a pity and a waste to keep them in the bottle, not allowing them to speak up and prove that they are really great leaders, with an ability to think independently. With their qualifications and the stringent selection criteria, every one of them should rightly be good enough as ministers if needed be.
I agree with Baey Yam Keng that such great talents must be allowed to shine and be seen and adored by the people. The only slight problem is that if they speak too freely and express contrarian views to PAP’s official position, it may be a bit difficult to swallow. And it could be worst when they are expected to vote for policies which they spoke vehemently against in public only to tow the line. It can undermine their integrity and sincerity or look hypocritical.
By all means, it is still a good suggestion to have these great talents speaking out more freely and more often instead of ‘no comments, it is party policies’.
6/16/2011
Stop visiting Malaysia
The current episode of two women driving to JB in the wee hours of the morning for a cup of tea and the adrenalin sapping adventure they experienced is a hot topic on both sides of the causeway. Hishamuddin, the Home Affairs Minister, is setting up an inquiry into the case.
Many Singaporeans are angry and crying foul. Some are calling for a Stop Visiting Malaysia campaign to protest against the ill treatment of Singaporeans. The thinking is simple, why visit a country to be abused and harassed, not only by robbers and crooks, but also by the authority there to protect you? This is a double barrel risk to take.
This kind of reaction is quite natural in the heat of the moment. But with the complex relations between the two countries and people, this is just not possible. There are many people on both sides of the causeway that have all the good reasons to cross the causeway. The fact in this case, which is a genuine mistake with the errant parties walking to the immigration to correct the mistake but was hauled up and badly treated, like criminals, and with the authority throwing the books at them for immigration violation, has sent fears to innocent visitors to the country.
There was no attempt for discretion, to acknowledge a simple, honest mistake which many visitors to any country can make, and to subject visitors to such an ordeal cannot be taken lightly. Can’t the immigration officers see the difference between a genuine mistake and a criminal offence to arrest innocent visitors? The Immigration Authority is still claiming the high ground, that they were doing their duties when any normal thinking person would have handle the case differently.
Perhaps for Singaporeans who feel like protesting as a show of unhappiness, they could advise Singaporeans who have nothing important to stop visiting Malaysia for a month. Those casual visits, holidays etc, can be put off temporarily and would not cause any pain to anyone. It is just about sending a message. After that, hopefully the message is taken and visitors are treated a little courtesy as a show that they are welcome to visit Malaysia. It is basic hospitality and human decency to make your guests feel welcome, and to assist them when they make little mistakes because of unfamiliarity in a new environment.
Many Singaporeans are angry and crying foul. Some are calling for a Stop Visiting Malaysia campaign to protest against the ill treatment of Singaporeans. The thinking is simple, why visit a country to be abused and harassed, not only by robbers and crooks, but also by the authority there to protect you? This is a double barrel risk to take.
This kind of reaction is quite natural in the heat of the moment. But with the complex relations between the two countries and people, this is just not possible. There are many people on both sides of the causeway that have all the good reasons to cross the causeway. The fact in this case, which is a genuine mistake with the errant parties walking to the immigration to correct the mistake but was hauled up and badly treated, like criminals, and with the authority throwing the books at them for immigration violation, has sent fears to innocent visitors to the country.
There was no attempt for discretion, to acknowledge a simple, honest mistake which many visitors to any country can make, and to subject visitors to such an ordeal cannot be taken lightly. Can’t the immigration officers see the difference between a genuine mistake and a criminal offence to arrest innocent visitors? The Immigration Authority is still claiming the high ground, that they were doing their duties when any normal thinking person would have handle the case differently.
Perhaps for Singaporeans who feel like protesting as a show of unhappiness, they could advise Singaporeans who have nothing important to stop visiting Malaysia for a month. Those casual visits, holidays etc, can be put off temporarily and would not cause any pain to anyone. It is just about sending a message. After that, hopefully the message is taken and visitors are treated a little courtesy as a show that they are welcome to visit Malaysia. It is basic hospitality and human decency to make your guests feel welcome, and to assist them when they make little mistakes because of unfamiliarity in a new environment.
Stop selling Singapore
Today’s big news is that property sales have fallen, and prices may be falling. Is that good news? Even if the prices have fallen 50% it is still too high. Like the minister’s pay, the current property prices are outrageous.
The more important issue is to stop selling the few square feet of land that are still left for us to call this rock our country to foreigners. When the world is our customer, we don’t have enough land to sell. They will just buy up everything, every square inch if they are allowed to. And stop the myth about selling to foreigners who called themselves new citizens. This policy is as good as an open door policy to sell everything as there will be enough rich foreigners to come in and buy up everything. In the end we will have nothing left to call home.
The lunatics out there who still thing we have plenty of land to sell, just remember that any freehold land sold is as good as gone. There are still some left and it is time to take stock and keep what we have for the future generation. Please do not sell Singapore away. Please leave something for our children. We can only continue with this reckless policy of selling land if we don’t regard this as home, and plan to make all the profits and scoot to somewhere else. Even then, it is a silly thing to do as money will be withered away by inflation. The land is still there, as good as forever, unless sold.
The more important issue is to stop selling the few square feet of land that are still left for us to call this rock our country to foreigners. When the world is our customer, we don’t have enough land to sell. They will just buy up everything, every square inch if they are allowed to. And stop the myth about selling to foreigners who called themselves new citizens. This policy is as good as an open door policy to sell everything as there will be enough rich foreigners to come in and buy up everything. In the end we will have nothing left to call home.
The lunatics out there who still thing we have plenty of land to sell, just remember that any freehold land sold is as good as gone. There are still some left and it is time to take stock and keep what we have for the future generation. Please do not sell Singapore away. Please leave something for our children. We can only continue with this reckless policy of selling land if we don’t regard this as home, and plan to make all the profits and scoot to somewhere else. Even then, it is a silly thing to do as money will be withered away by inflation. The land is still there, as good as forever, unless sold.
6/15/2011
It was a common mistake
The Johore Immigration Director Nasri Ishak has clarified that making detainees to do squatting was not a normal procedure. But making them strip was necessary in case the detainees were hiding weapons in their bodies. He was referring to the two Singaporean women who went through a wrong immigration lane by mistake and returned to inform the immigration officers of their error.
In this case the officers were dealing with two innocent visitors who came to them to rectify a mistake. They were not someone picked up for suspicious activities or criminals. Why can’t the officers treat the case as an innocent mistake which happened very often, but treated them like dangerous criminals, stripping them, slapping them, checking for weapons, and putting them in detention?
Now we can see that the officers themselves have made an innocent mistake by making the two innocent women doing squats that were not proper procedure. In fact the whole matter of the two women reporting to them need not become such a big issue. They were not illegal immigrants that were caught sneaking into the country, but motorists who went into a wrong lane. Didn’t the officers have any commonsense to deal with the case as it is?
So, should the public demand that the officers be investigated, put under detention, be stripped, slapped, etc etc? Why can’t simple mistakes be handled simply and resolved expeditiously to avoid any unpleasantness? There were no indications that the two women were out to do mischief. They went back to the immigration officer to correct a mistake and what followed was a nightmare. The emotional and psychological stress and pressure imposed on them were unnecessary and uncalled for if Malaysia wants to be regarded as a first world and civilized country. They were not illegal immigrants in all counts even if the officers wanted to throw the book at them.
Come on Malaysia, when are you going to treat your visitors with some graciousness, respect and dignity?
In this case the officers were dealing with two innocent visitors who came to them to rectify a mistake. They were not someone picked up for suspicious activities or criminals. Why can’t the officers treat the case as an innocent mistake which happened very often, but treated them like dangerous criminals, stripping them, slapping them, checking for weapons, and putting them in detention?
Now we can see that the officers themselves have made an innocent mistake by making the two innocent women doing squats that were not proper procedure. In fact the whole matter of the two women reporting to them need not become such a big issue. They were not illegal immigrants that were caught sneaking into the country, but motorists who went into a wrong lane. Didn’t the officers have any commonsense to deal with the case as it is?
So, should the public demand that the officers be investigated, put under detention, be stripped, slapped, etc etc? Why can’t simple mistakes be handled simply and resolved expeditiously to avoid any unpleasantness? There were no indications that the two women were out to do mischief. They went back to the immigration officer to correct a mistake and what followed was a nightmare. The emotional and psychological stress and pressure imposed on them were unnecessary and uncalled for if Malaysia wants to be regarded as a first world and civilized country. They were not illegal immigrants in all counts even if the officers wanted to throw the book at them.
Come on Malaysia, when are you going to treat your visitors with some graciousness, respect and dignity?
To cry or not to cry?
We are a full fledged first world country, prosperous and well endowed with the best of everything. These cannot come about with half baked no brain citizens. They are called daft today, but nevermind. The fact is that we crowed of the best education system in the region, comparable to the best in the West. And parents invested heavily on their children, given them the best education money can buy.
Our children, many, went through the best childcare and kindergartens with facilities and education systems that the parents were willing to pay good money for. The same kids went through the best primary and secondary educations and tertiary educations with exceptionally good grades. Including the pre schools, most would have spent 20 years of good guidance in the education system.
Then what? They are not good enough when competing with the products of third world countries coming from less well equipped education system, lowly ranked relative to ours. Many have hard times applying for jobs and lost out to foreigners. And many top posts were given to foreigners because our local products were not good enough.
What is wrong? The gene pool has retarded? The education system is flawed despite the accolades? Or is it that a prophet has no place in his own home? Or really, the foreign products are much better than the daft locals?
Maybe it is all a myth. Our miraculous growth is a myth, our education system is a myth, the quality or ability of Singaporeans is a myth. What we are today is all the contributions of foreigners. We need more foreigners to replace the daft Singaporeans. All the tuitions and best kindergartens and best schools, and straight As are all myths, maybe fakes! I am referring to the straight As for Singaporeans. The straight As of foreign talents are real. In fact foreign talents with less than straight As are far better than locals with straight As, imported models.
Our children, many, went through the best childcare and kindergartens with facilities and education systems that the parents were willing to pay good money for. The same kids went through the best primary and secondary educations and tertiary educations with exceptionally good grades. Including the pre schools, most would have spent 20 years of good guidance in the education system.
Then what? They are not good enough when competing with the products of third world countries coming from less well equipped education system, lowly ranked relative to ours. Many have hard times applying for jobs and lost out to foreigners. And many top posts were given to foreigners because our local products were not good enough.
What is wrong? The gene pool has retarded? The education system is flawed despite the accolades? Or is it that a prophet has no place in his own home? Or really, the foreign products are much better than the daft locals?
Maybe it is all a myth. Our miraculous growth is a myth, our education system is a myth, the quality or ability of Singaporeans is a myth. What we are today is all the contributions of foreigners. We need more foreigners to replace the daft Singaporeans. All the tuitions and best kindergartens and best schools, and straight As are all myths, maybe fakes! I am referring to the straight As for Singaporeans. The straight As of foreign talents are real. In fact foreign talents with less than straight As are far better than locals with straight As, imported models.
Returning to sensibility
The policy of enforced consumption is starting to give way. Though it was hailed as the logic of the day that people must spend according to how much money in their pockets, some sanity is returning. In the first place, why should people be forced to eat sharksfin when they only want to eat ikan bilis? How many restaurants out there insisting that their rich customers cannot order cheaper meals?
This mean policy was implemented in the hospitals as well as the HDB. Minimum ceilings were set to force consumers to buy bigger flats or stay in more expensive hospital wards. It was really cock policy. Instead of encouraging thrift and prudence, to save and spend within your means, the policy forced the consumers into over spending, to empty their pockets literary.
In the news today, 43 young couples have wisely chosen to buy smaller HDB flats when the restrictive income ceiling was raised from $3000 to $4000 to qualify for 3 room flats. Under the old policy, they have no choice but to buy the more expensive 4 room flats that they could barely afford. They are careful and responsible young professionals who think ahead of their financial commitments. As young couples, the bills are going to get more and bigger when they set up families.
How many young couples were forced against their wills, to buy bigger flats? How many people were forced to pay for more expensive hospital wards against their wills? And how many young couples were forced into the private housing markets and forced to take up big housing loans against their wills?
Freedom of choice, downgrade if one cannot afford it, was the official slogan. Why no freedom of choice to buy cheaper flats or stay in cheaper hospital wards? Why the need for mean testing? I did not misspell. It is mean testing and not means testing as far as the victims are concerned.
Even how much people are willing to spend and consume is dictated by cock policies. Can you beat that? Will real freedom of choice be returned to the people? The crap about people who have a few dollars more adding to the housing queue or Class C ward queue is a big bull. Just increase the supply to meet the needs of the consumers. Turning off the tap and blame the consumers is a lame excuse.
This mean policy was implemented in the hospitals as well as the HDB. Minimum ceilings were set to force consumers to buy bigger flats or stay in more expensive hospital wards. It was really cock policy. Instead of encouraging thrift and prudence, to save and spend within your means, the policy forced the consumers into over spending, to empty their pockets literary.
In the news today, 43 young couples have wisely chosen to buy smaller HDB flats when the restrictive income ceiling was raised from $3000 to $4000 to qualify for 3 room flats. Under the old policy, they have no choice but to buy the more expensive 4 room flats that they could barely afford. They are careful and responsible young professionals who think ahead of their financial commitments. As young couples, the bills are going to get more and bigger when they set up families.
How many young couples were forced against their wills, to buy bigger flats? How many people were forced to pay for more expensive hospital wards against their wills? And how many young couples were forced into the private housing markets and forced to take up big housing loans against their wills?
Freedom of choice, downgrade if one cannot afford it, was the official slogan. Why no freedom of choice to buy cheaper flats or stay in cheaper hospital wards? Why the need for mean testing? I did not misspell. It is mean testing and not means testing as far as the victims are concerned.
Even how much people are willing to spend and consume is dictated by cock policies. Can you beat that? Will real freedom of choice be returned to the people? The crap about people who have a few dollars more adding to the housing queue or Class C ward queue is a big bull. Just increase the supply to meet the needs of the consumers. Turning off the tap and blame the consumers is a lame excuse.
6/14/2011
Time for a Malay President
Since Yusof Ishak, we have Sheares, Wee Kim Wee, Nair, Teng Cheong, and Nathan on two terms as president, I believe many Singaporeans are looking forward to a Malay president. Though there is no constitutional provision for a system of rotation, it will be nice to have a Malay president after such a long while.
I also think that PAP is planning for a Malay president this time round, and Abullah Tarmugi seems a likely candidate. But with the ire against anything PAP at the moment, Abdullah may have a problem in a contest. And to make matter worst, there are two irritants in Tan Cheng Bock and George Yeo coming into the fray. Then Tan Kin Lian will take away all the votes for those who do not want to see a PAP mark on the presidential candidate, no matter how faint it is.
Now it is unlikely that a good Malay candidate will be elected to be the next president. The only possibility for it to happen is for all the other candidates to be disqualified, and a walkover like Nathan did before takes place. Don’t think it is easy to do that.
The GRC is not working to the PAP’s scheme of things. This elected presidency is turning into another big headache.
I also think that PAP is planning for a Malay president this time round, and Abullah Tarmugi seems a likely candidate. But with the ire against anything PAP at the moment, Abdullah may have a problem in a contest. And to make matter worst, there are two irritants in Tan Cheng Bock and George Yeo coming into the fray. Then Tan Kin Lian will take away all the votes for those who do not want to see a PAP mark on the presidential candidate, no matter how faint it is.
Now it is unlikely that a good Malay candidate will be elected to be the next president. The only possibility for it to happen is for all the other candidates to be disqualified, and a walkover like Nathan did before takes place. Don’t think it is easy to do that.
The GRC is not working to the PAP’s scheme of things. This elected presidency is turning into another big headache.
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