11/20/2012

Rise of Japanese militarism and the Evil Empire




The Emperor of the Evil Empire has descended on Phnom Penh and war cries were heard. With Obama strutting into the Asean Summit, Japan and the Phillipines were emboldened to challenge China in their claims on the disputed islands. Even Aquino was so brave to shout at the meeting about defending Filipino territories. And Noda finally removed his veil of being a moderate and took the stance of the right wing militants.

The full coterie of the Evil Empire chieftains in the Summit must be reassuring and a show of force to put down China. And this kind of militant gesturing can only get worst by the days with the USA gaming on its pivot to Asia doctrine. Let’s see if Hillary’s call to use trade to win friends will happen, or use arms to force obedience prevails. It is as good as saying we are here to stay and to call the shot. Obama has already told Myanmar to cut ties with North Korea and Cambodia to release political prisoners and meddling with its human right issue.

China better be strong and not allow Japan to push it around. It must be ready to engage the Japanese militarily at Diaoyu Islands. This is the only way to tell the little pests on the by line to stay clear as China means business and would not be pushed around. As for the Phillipines, China should scale down its trade, stop buying bananas and other crops from the Phillipines. Let the Phillipines sell everything to Japan and the USA.

China is in a now or never situation with the Evil Empire and the little pests standing on its head shouting threats of violence. It has to take them down one at a time and test the resolve of the Emperor to show its hands.

Pay and you will get the answers



MAS is keen to know why some goods sold here are more expensive than in other countries or why the prices were different. A tender has been called to conduct a study on the causes. I think they roughly know that some of the factors could be labour, rent, tax, regulations, cost of living, markups, advertising, preference, the weather, hype, consumer irrationality, cost of govt, profiteering, no choice, monopoly, affordability etc etc. The affordability factor is unique to Sin as it means that the seller can sell at any price as long as the consumer has the money and willing to pay, or has no choice but to pay.

Paying for this survey will come up with a clear picture of the whats and the whys of expensive things. Hopefully it will be used to bring down prices so that things that are expensive for rubbish or wrong reasons can be made cheaper. But this is conditional on the caveat that the affordable logic is not used.

I think this will also be useful to me to know how to price my red bean soup too. Then I will know why my red bean soup is more expensive here than in Batam and JB. And for sure I will not price my red bean soup using the affordable logic as I cannot control the supply and demand.

And definitely the survey will help Boon Wan to price his HDB flats. At least he would know why the public flats here are more expensive than in other countries, if he still didn’t get it, and maybe he could then price the flats correctly, and be more affordable. Oops, don’t use the term affordable or the affordability logic can?

I strongly recommend that the Housing Minister also call for a tender to survey why housing prices are so high here. Tenders are useful instruments when conducted properly and the results would be objective and beneficial to who ever commission it.

11/19/2012

High Speed trading ‘risky and unfair’ by AFP


This is the title of an article written by Agence France Presse a couple of months back. The gist of the article was about American finance experts raising the dangers and risks of high speed trading in Congress and warning of the consequences. They were all crying foul about how dangerous this animal is and that it must be put down. What they failed miserably to say was that this is cheating and an offence against trading rules and by laws, and against the principles of fair play, a level playing field that all regulators are expected to enforce to protect the traditional and retail investors.

‘”US equity markets are in dire straits. We are truly in a crisis,” said Mr David Lauer, a former trader and now a consultant on markets and high frequency trading at Better Markets ….High frequency trading now accounts for 50% to 70% of the volume on markets each day…But it simultaneously works in “dark pool” trading operations away from regulated markets, with computers able to work at hyper speed to exploit price anomalies and take advantage of buyers and sellers trading in traditional ways.’

This was what Lauer said to the Senate Committee on Banking. He was simply saying that the regulators of the exchange were working hand in glove with the high speed traders using computers, dark pools and tweaking the trading system, to cheat on the traditional traders. To put it even simpler, the regulators are part of the crime syndicate that were exploiting the trading system to cheat the traditional traders and getting away with it with the US Govt either sleeping or closing an eye to their crimes.

‘The effect is that traditional retail investors have pulled out, frightened by the volatility brought by HFT and the perception of unfair pricing…Mr Andrew Brooks of brokerage T. Rowe Price told senators “the almost myopic quest for speed has threatened the very market itself. There is a growing distrust of the casino like environment that the market place has developed over the past decade. We worry that the erosion of investor confidence can undermine our capital markets, which are so important to the economy.”’

Unfortunately all these efforts were in vain as Congress was a lame duck as many congressmen have vested interested to allow the cheating and crime to continue. Some could have participated in the crime themselves. The traditional investors would continue to be cheated and the stock market will continue to wind down to a stand still in time to come. By the end of the day when it becomes unbearable, it would be too late. And the criminals would have walked away with their loot, with the blessing of the US Govt and the appointed regulators to keep watch on the cheats. Who is there to watch over the regulators who became partners of the crime?

Is our market going to suffer the same fate? Are there any similarities?

What is this nonsense called unfair trading? There is no such thing as unfair trading in the stock market. Unfair trading is cheating and is an offence. Even keying in and withdrawal of orders with no genuine intent is an offence to create a false market. Buying and selling without change of ownership is also an offence. Are the computer traders doing this while churning the market and creating a false market? Are they allowed to do this? Anyone with a little privy to price sensitive information and traded on it is committing an offence for insider trading. And high speed trading is doing exactly this, with access to the stock market computer to have privy of orders and to exploit this to an advantage cannot be allowed but is allowed and accepted by the regulators as innocent as a little child.



When would the Americans call a spade a spade that HFT and computer trading are cheating and be made an offence? This is American nonsense at the highest level, allowing the computer traders to cheat on the innocent traditional retail investors. If the American Govt is not going to haul in the offenders, they will pay a very high price eventually with the collapse of the stock market and the end of NYSE.



The Americans must learn from SGX, to ban HFT and computer trading from the market, to protect the interests of traditional retail investors and the capital market. Unfair practices and cheating will never be allowed in SGX. That is why our market is so sound and solid as a rock, with trading volumes increasing and growing.

Two thirds of jobs created went to foreigners


Lim Hng Kiang has quoted some numbers on jobs created over the last 5 years and how many of these jobs went to locals and foreigners. He said, ‘In the last five years, we have been generating something like 120,000 jobs a year, of which 40,000 are Singaporeans and we end up with 80,000 foreign workers. Going forward we have decided that this is no longer tenable over a long term.’

In summary, over the last 5 years 600,000 jobs were created and only 120,000 went to Singaporeans. Could the numbers be extrapolated backwards for a 10 year period and could the number be 1.2m jobs created with 400,000 going to locals and 800,000 going to foreigners? How long has this ratio of employment favouring foreigner been going on that Hng Kiang now realised that it is unsustainable and must be stopped? He said that his ministry would now be more selective and stringent in the type of companies to bring in and the type of jobs that would be created.

His projection is that this year 80,000 to 100,000 jobs will be created and between 40,000 to 60,000 foreign workers would be added to the workforce. The numbers of jobs created for foreigners would still be around 50 to 60 percent. The country is thus creating more jobs for foreigners than for locals even when the govt is going to be more selective going forward. Only if some of the jobs created can go to local PMETs, the unhappy noises would be much lesser.

‘To cow play harp "对牛弹琴!"





Following SDP’s detailed proposal for a NOM public housing scheme, many well meaning citizens have voluntarily cracked their heads to come up with many meaningful proposals to salvage the mess created by the housing policies. This is a really thankless task, not being paid a single cent, and at their own time and resources, they are passionate enough to do the sums. This is not the kind of thankless task that are paid in the millions and no answers. The thinking, effort and solutions should rightly come from those that are paid in the millions. True or not?



Another thorough proposal was in the Sunday Times yesterday by Chua Mui Hoong, a veteran establishment spokesperson. She was given more than half a page in the paper on her proposal, ‘How to cool the HDB resale market’. This effort is not the free labour type like those of SDP or other citizens but still free in a way as she is not responsible for the housing policies and the mess. Her job is to write for the paper.



What she suggested in her proposal made good sense, and so were the proposals in the SDP paper. All were made with good intentions to help the struggling minister and ministry to do a better job. But I must say again that it would all be in vain as the ministry and minister were thinking that they have done a damn good job. So what is the fuss and all the unnecessary proposals and recommendations for?



There are many reasons why all these proposals will end up in the dustbin. Firstly, they all assumed that there is a big problem that needs to be addressed. Secondly, they assumed that the ministry and minister did not know their stuff or did not know how to solve the problem. Three, accepting the proposals is as good as an admission of incompetence. How could lay people not paid for the job have the audacity to think they know better? And how could the professionals be made to look dumb?



The last point is always a hurdle and a big farce whenever an institution or person asked for suggestions. Accepting other people’s idea is acknowledging one’s own incompetence or shortcomings. And not accepting after opening the mouth to ask is an act of insincerity. Think Natcon.



What I don’t believe is that the highly paid super talents could not think of all the recommendations put up by the laypeople and the public. They are paid humongous salaries not for nothing. They are exceptionally talented and how could the less talented ignoramus think they could think better? Doesn’t make sense right? So, what is happening? To scratch or not to scratch?



The ‘to cow play harp’ is not really a good analogy. This phrase applies to the hopelessness of playing music to one that doesn’t understand music at all. Here the cow is no ordinary cow but a wise cow, a clever cow who knows what is happening and how to solve all the problems. What is holding back the cow or preventing the cow from coming out with a complete and effective solution really beats me. Excuse me for the pun.

11/18/2012

Painting with your camera





The painters are some of the most talented artists around. They train hard, work hard and acquire great skills in wielding a very primitive instrument developed thousands of years ago and still in its original form, the brush, to create and paint great works of arts and masterpieces. A good piece of brush could be had for a few dollars.

What the painters can do the photographers can’t despite the highly expensive and sophisticated precision instruments in their hands. The camera is not only a piece of fine engineering tool but also a computer added in. The best could fetch several tens of thousands of dollars. Any decent piece of camera of professional grade would cost several thousand dollars.

Other than in capturing great shots that are newsworthy, not many photographers are able to create photos that could come near to a masterpiece of an artist/painter. Are the photographers ready to accept the limitations of their expensive tool and resign to the fate that photography is only photography and still found wanting when compare to what a cheap piece of ancient primitive brush can do?

This is about to change. The camera can paint. There are still many limitations that the camera cannot take the photographers to the world of paintings. But with a new technique that I have developed, the world of paintings is beckoning. Using the technique called The Art of RAR, short for Reflection and Reflection, I am able to create paintings using the camera. My experiment into this realm of photopainting is still in its nascent stage, but the potential of painting with the camera is only limited to the imagination and creativity of a photopainter. Some of my works can be viewed at www.artofrar.blogspot.com.

The kind of paintings that could be created from The Art of RAR technique could vary from realism to abstract art with ease, using only natural light and the natural environment. More creations are waiting to be discovered in a control environment with the right set ups and accessory equipment. Photography is not going to be the same again. Photographers need not be limited by what they were used to be doing with their cameras and could venture into many unknown frontiers of artistry. Technology has given the photographer and their cameras room for more creativity and innovation and experimentation.

The Art of RAR is only a small step forward.

Little fantasies, myths and beliefs

I could not remember what was the annual sum quoted to maintain the make believe gardens at Marina South. The novelties are wearing down and the exuberant crowds have dissipated, or at least during weekdays. The abundance of eateries is putting pressure on the operators of barely half filled joints, sitting glorious like petrol stations in a way out park in the desert. If the revenue from the eateries were computed to defray the original maintenance cost of the gardens, this is going to rocket when they called it a day or with rentals tumbling down. The little fantasy could be a long drawn financial drain on the public coffer. There is another interesting article in the Sunday Times on the poorest president in office, Uruguayan President Jose Mujica. He does not live in the equivalent of a White House or the Elysee Palace but in his little farm house. He donated 90% of his US$12,000 monthly salary to charity and drives around in a 1987 Volkswagen worth US$1,800. His philosophy in life is not to be burdened by possessions. This is what he said, ‘I am called “the poorest president”, but I don’t feel poor. Poor people are those who only work to try to keep an expensive lifestyle, and always want more and more.’ I don’t think he will fit into the ethos of living in Sin. He is easy going, no drive, no greed and no ambition to want to be a multi millionaire, and did not claim that he had sacrificed for the country by taking up political office. Neither did he claim that his income is far below market rate. Another piece which would trash the learning Mandarin is difficult myth for the Chinese Sinkies is about the two precocious little girls of investment guru Jim Rogers. They were Americans but speak fluent Mandarin that they learnt while attending local schools on arriving here. The presence of a Mandarin speaking home environment helps with a full time personal tutor. What is more important is the passion and purpose of wanting to learn a language and the ability to see its usefulness in the future. But this will be an exception as some Chinese Sinkies will still find learning Mandarin more difficult than pursuing a course in rocket science. Another myth centres in the now infamous CIA Director Gen Petraeus. It has nothing to do with his ECA but how the CIA thought it expedient or convenient to con the American public and the world with their reports. Think WMD. In this case it was the 911 attacked of the US Embassy in Benghazi and the killing of its Ambassador. The official and public statements made were that it was a spontaneous rioting. The truth is that it was a planned terrorist attack to commemorate the September 11 attack on the World Trade Centre twin towers. This kind of misinformation or telling white lies is nothing new to the CIA or the American Administration. Fortunately or unfortunately many believers will still believe that anything coming out from the American govt or western media must be the truth, as they keep repeating them. These are interesting readings and food for thought on a Sunday morning.

11/17/2012

USA, The Evil Empire


                 USA, The Evil Empire

Since its independence from imperial Britain, USA has always been run by bad wicked people whether in the government or in the private sectors. In fact its government departments be it White House, CIA or PENTAGON and its business institutions like the big banks, insurance business, stock exchange and other big business conglomerates have  always been run by crooks, robber barons and scoundrels. Immediately after its independence from Britain the white American invaders started on an aggressive war path of wiping out the native Americans through killings, murder and genocide and as a result over eighty-five million or about ninety-eight percent of the natives were brutally and wantonly killed. Then the white invaders started on a massive programme of getting millions of white immigrants from Europe to fill up America. Then to develop America the white invaders embarked on a programme of using African slaves as free labour to work in the plantations and other labour or construction works . Believing in its own superiority the white Americans went on a rampage march of aggression to attack and invade Mexico and consequently took by force of military might about one million six hundred and fifty million square miles of Mexican lands comprising the present states of Florida, Texas, Utah, Dakota, New Mexico and California. It subsequently attacked and took away Hawaii and Guam from the natives of these Pacific Ocean islander kingdoms.

While the politicians and the military were active in political and territorial aggressions their counterparts in the business institutions were just as aggressive in building up big business empires at the expense of the natives and the people. These white American crooks, scoundrels and robber barons are very much in the big picture of the present day of controlling and ravaging banks, insurance, real estate and stock markets not only in America but also throughout the whole world. It is through their selfishness and uncontrollable greed that they have not only brought the American economy, banks and finance to its present debacle of self destruction but it has also extended its evil operations across the seas to affect the economy and finance of many others countries .

With the American economy and finance are in shambles and the country already bankrupt the wicked American politicians and its military can't bear to see other countries especially Asian countries coming up growing rich in peaceful development. So in their warp thinking they will not allow others to develop and grow rich while they stagnate and so they try all ways and means to create troubles, instability and wars across Asia to stop the march of Asians to development and prosperity. This can be seen in its wanton open attacks on Iraq, Libya, Syria, Afghanistan and soon Iran as well as creating tensions and suspicion between the countries in the East China Sea and the South China Sea. The world especially Asian countries must wake up to realise how  wicked and satanic the Evil Empire, USA is and unite and cooperate to stop the Evil Empire from doing further damage to others.

Southernglory1
Saturday, 17th November,2012

S’pore tried to poach M’sian: BAM

A main article in the Sports page has this heading. The correspondent, Terrence Voon, wrote about a Malaysian claim that Singapore has approached a young Penang badminton player, Goh Jin Wei, 12, with offers of scholarship all the way to university. The offer was so attractive that the mother was at the verge of accepting before BAM stepped in to block the deal. Goh Jin Wei is one of Malaysia’s brightest badminton talents and Malaysia is sore over it. Poaching is a not a good word as in the case of illegal poaching of protected or endangered species of animals. It is still more polite than stealing. Whatever, it is not a nice thing to do as the intent and purpose are not good, not sportsmanship. And to go poaching for sportsmen is kind of a contradiction, a demeaning way of achieving sports excellence. What is Singapore trying to achieve by going all over the world, to poach or to lure foreign sporting talents to don on Singapore colours, to win medals, to do the country proud? And the sickening thing is that many Singaporeans are not a bit proud of such tactics and achievements. A nicer way, a commercial way of doing it will be simply to put up a big advertisement to the world that we are willing to pay good money for top sporting talents. We simply buy them, with our money, something we have plenty to throw around. Incidentally, how much money have we thrown to bring all the sporting talents to play or represent us? It is not just money spent on the sports talents, their allowance, training, income, and their living expense, their awards, medicare etc etc. There is the whole machinery of scouting talents, some MPs were so proud of their trips to pick our table tennis players, their expenses, the organisation structure, to monitor, to keep track, and to go and poach these talents, all costs money. The govt has shown great interest in football talents, table tennis and badminton players, athletes and their coaches and what not. How much have been spent so far to fix the cravings of some people who think these talents are important and will being glory instead of shame to us, to do us proud and not otherwise, to rally the people together, to have something to cheer and clap about, and not something divisive and be sneered at by the people? For the same money, if they were to bundle into nice big carrots for our own natives, would they not be big enough to have our own talents inspired and tempted by the money, to want to excel in sports, for a bite of the cherry? Money is a great motivator, and so is greed. Make the sporting talents feel the temptation of greed and money and they will put in the effort for it. A little boy or girl in a small village in some far corners of the world is no different from another one in a corner of our HDB flats. Give them the incentives and encouragement and they too can square up to be world beaters. Throw them the money, show them the money to be professionals, to devote a life time to sports. And forget about wanting to score straight As in PSLE and wanting to be tops in sports as well. And forget about a holistic education wanting to be everything and ended up as nothing. And forget about wanting to excel in education and wanting to spend time mixing with Ah Kow, Ahmad and Muthusamy to know how they feel and their exciting pursuit as little gangsters. Come to it, the Ah Kows, Ahmads and Muthusamys could be very good sports talents if they know that there are plenty of money to be made playing sports with no schools.

11/16/2012

West should work with China


West should work with China

Updated: 2012-11-16 08:04
( China Daily)
China is the most successful country led by a communist party to have given most of its people economic security and happiness, says an article by Eberhard Sandschneider, director of German Council on Foreign Relations. Excerpts:
China will gradually transform its economic strength into political and military influence, which will shake the West's feeling of superiority. Although the West knows China's stability is in line with its interests, it is yet to find the right strategy to deal or coexist with China. The West's containment and mollification policies reflect its lack of confidence, and are doomed to fail.
The West has no choice but to join hands with China to solve global issues and make global policies.

I believe my CPF saving is enough

I believed that my CPF saving would be enough for my retirement. That was 40 years ago. And honestly, with so much put aside into my CPF account, how could I doubt that it would not be enough? Sure must be enough. What happened? Is it enough? What do you think? So the young people are told today that their CPF savings will be enough. 40 years later, would they still believe that their CPF savings would be enough for their retirement? How many of you believe so? I guarantee you it will not be enough 40 years later. No need to bet. I would not be around to answer. So would the people telling you it would be enough. Heh heh.

Something to learn from the PRC

The stereotype, fed with a daily dosage of bacon and hamburgers would frown on everything Chinese or China. This ancient country has gone down the sewers for several centuries and were in the worst stage of decay with maggots all over and left to die. It died but like the proverbial phoenix, rose from the dust to become a strong and self reliant nation when the people are well fed, have jobs and are proud to be Chinese again. Like it or not, they are happily feeding 1.3b people and with excess to spare and with a national reserves exceeding US$2 trillion. Spit at them, curse them if you like, they did not come to this point in their history by being stupid and daft. And what they have achieved is no accident and no fluke. And the odds stacked against them by the western powers were enormous. They have overcome without relying on foreign talents. The recent change of leadership in China is something that the West hoped will fail, with bloodshed and all that jazz of fierce infighting, instability and China about to break up, rioting and martial law and everything bad that they could dream up. All hogwash from the western academics and high brow analysts and institutions of great fame. Hu Jintao relinquished his leadership to Xi Jinping unceremoniously without a hitch except for all the hue and cry and insinuations in the West. A new team of younger leaders have taken over the rein to run the country for another ten years. The Chinese leadership renewal system has been put in place since the era of Deng Xiaoping. There will be juggling for position of power but all within the rules of the system. Younger leaders are put up to replace their predecessors and no one is allowed to entrench his position for life. Two terms and off you go to make way for new blood. The quiet and unassuming Hu Jintao did one more feat this time. He even relinquished the powerful PLA position to his successor, Xi Jinping. This is unprecedented and a show of confidence and trust that the new man is not only good for the job but his complete trust in him. And it also sends a signal that he is not going to stick around to mess around and hang on to power. This is a clinically efficient, no nonsense and great leader China has ever produced. No great speeches like Obama, but cool and purposeful in what he is tasked to do, and delivered. In fact the few leaders since Deng were all very able and selfless leaders that saw the rise of China from strength to strength. It is time like this, when a country needs good, able and selfless leaders, they came to serve and leave when the time comes for them to leave, gracefully and with full honour and respect from the people. They left behind a vibrant economy for their successors to continue to bring the country to a higher level. Great leaders are difficult to come by. Great leaders need not look suave like actors from Hollywood. It is real substance that counts. Hu Jintao handed a China that is economically, military and strategically sound and well placed to a younger man to continue with the good work done by him and his predecessors. This is something that we can learn from China.

The Govt cannot be sued?

In the latest incidents when two NSmen were killed while on training, someone pointed out that Ng Eng Hen, Defence Minister, said that the SAF/Mindef or the Govt cannot be sued for such accidents. In these two cases, both victims lost their lives because of breaches in safety procedures, which meant the incidents were more than just accidents. There were negligent or misconduct or serious violations of protocols involved. Is it therefore true that the Govt/Mindef/SAF cannot be sued for such incidents when they are more than accidents? I also read that though the officers involved could be court martialed, the police are also investigating and may commence to prosecute the officers involved. Does this mean that only the officers can be sued but not the organisation or Mindef/Govt? Aren’t the officers appointed by Mindef/Govt and the latter should be ultimately responsible for the officers’ conduct or wrongdoings? If Mindef/Govt is not responsible, does it mean that if the officers were found guilty, it is only between the officers and the victims to settle their grievance and compensation? Also, the NSmen are conscripted by law, by Mindef/Govt for national service and their welfare and well being must be the responsibility of Mindef/Govt? I think there must be a miscommunication or misquote of what Eng Hen had said. It is, from a layman’s understanding, that Mindef/Govt must be ultimately responsible for what happened to NSmen under its authority and administration. And that the people could seek redress and justice from the Govt in cases of injury or death and compensation.. It is frightening to know, if it is true, that Mindef/Govt is not responsible for the death of NSmen in active service. Where is the responsibility, who is responsible and where should the buck stop? Anyone can enlighten on the legal responsibility of Mindef/Govt when NSmen are injured or killed in active service? Responsibility and accountability are key to the actions and performance of an organisation. If an organisation is not accountable for any mishap or wrongdoing, you can expect that only lip service would be rendered at best. Only when someone’s head is on the chopping block would real actions be taken to be tip top and zero tolerance for accidents and negligence or failure to perform.

11/15/2012

Unnecessary death of NSmen

In Parliament yesterday, Eng Hen spoke about the death of two NSmen while under training. Pte Dominique Lee died from inhaling smokes from smoke grenades. Third Sergeant Tan Mou Sheng was pinned down by a jeep. Both accidents were unnecessary and caused by lapses in safety procedures. “Any commander who ignores safety regulations, whether wilfully or negligently, puts his soldiers at risk and is not fit for command,” said Dr Ng. “These two deaths could have been avoided if safety instructions had been followed”. Is that all Eng Hen could say? How much compensation is enough to the parents of these young NSmen for the loss and grief of their precious sons? No amount is enough for such unnecessary death. Mindef was not born yesterday. The SAF is a highly professional army with more than 50 years of history and training accidents to remind and caution every officer in the field not to make silly mistakes. And silly mistakes are still being made with the lost of lives. Unbelieveable! Unacceptable. What is in it for the NSmen to risk their lives for? Relating the account of Pte Lee's mother, Felicia Seah, when the death was told to her was heart wrenching. The Minister should be on his knees to beg for forgiveness. This is not a case of sorry not enough. Explanation also not enough.

What a joke?

Heard from a couple of young and highly qualified overseas Sinkies about their experience with housing and quality of life. They left because they were not allowed to buy direct from HDB and the alternative was to cough up a million or so to buy private properties. Doing so would mean an empty bank account. They could act stupid and pay double for a resale HDB flat in the open market. Some people think these young professionals got no brain and would allow themselves to be armed twisted to pay double for some lousy HDB flats while others are paying half the price from HDB. Only immobile and daft Sinkies without the choice would just pay up. They did the wisest thing, scoot to Europe and the USA, got themselves better paying jobs and cheaper housing and cost of living. The joke, delegations of officials have been travelling to these cities to invite them to return to Sin. After chasing them away with a system that is designed to rob them, they are going back out there to coax them to return to be conned? What would these discriminated Sinkies say or do? Their answer is simply, go and catch spiders, oops, catch FTs from the third world countries. They can forget about them coming home. For what, to support the private property market with a million or two? And to continue to be activated for in camp training, travel by public transport or pay up for COEs? What kind of quality of life awaiting them when every cent they earned has been carefully programmed to go to housing, cars, medical and bringing up children? No, this is no joke. This is the new reality.

Mean Testing is history? Boh liao!

Can anyone confirm that mean testing for hospital admission has been scrapped? This outrageous policy was so unsound and ethically unacceptable that it was a grievance from the start. It could have continued as a tough policy and nothing can be done about it for as long as someone tried the tough act and refused to budge. Now, has anyone really budged and got it removed? And if so, shouldn’t it be announced so that the people can be at ease during admission and have a freer choice as to how much money they are willing to pay? It is unacceptable that such a high profile policy that was implemented with so much fanfare but evicted without notice. My bet is that it is still in force, at least until an official statement is made on this. The grapevine and gossips that it is no longer in practice are not reliable. And getting this monster out of the way is not enough. With hospital bills that can bankrupt any average Sinkie, more must be done to bring down hospitalization cost, provide more C ward beds, more generic medicine that do not cost a bomb. The rich can continue to opt for their special branded or high end medicine and pay for it. Would someone in the ministry or hospital care to clarify that this mean thing has left us for good?

11/14/2012

Wow, my article in TOC

For the first time, my article finally appeared in TOC. I regard this as an honour. Though my articles have been frequently appearing in other sites like TRE and Singapore Daily and some others, never has it appeared in TOC to my recollection. TOC must have a set of very stringent rules for articles to be reposted there next to the main media. I swear none of my articles will find it fit to appear in the main media except for those when I was writing for the New Paper. Instant citizen, instant wealth’ has seen the light in TOC. It must be a damn interesting article, the best of all my articles. One regret, they did not acknowledge me as the author though my name was written clearly below my article reposted in TRE. TOC acknowledged the article was first posted in TRE. (TOC thanks TR Emeritus for allowing to republish the article. It first appeared here.) Anyway, I am high over the moon now that my article finally appeared in TOC. Thank you TOC for the great honour. TOC is welcomed to publish my articles anytime. I am going to frame this article.

My mother very powerful

The ‘My parents very important people’ reminds me of the episode of ‘My mother very powerful’ that happened a few months back. It was a boxing round between the MOE and the mother of the boy whose hair was cut by his teacher. It was actually a petty little disagreement that should be put to an end quickly. The whole episode was like the history of Singapore, that grew from a third world country with absolute power in the authority to affluence and the growth of individual or personal rights that is beginning to see how the masses are unable to cope with the rights handed to them. With rights, a little affluence, a little education, the trend is towards abusing this right and power. The schools and authority have been used to exercising their rights in the education system. The abuses of the past are relatively much lesser today as the teachers themselves too are embracing the new liberty and applying lesser oppressive methods in disciplining school children. There will still be the few nut heads that would abuse their position of authority just like those abusers of maids and workers. People with such mentality should not be in the teaching vocation. On the other extremes, the parents should know that the school and the education system have its own regulations and acceptable norms of behavior. Going to school is an implied acceptance to follow the rules and regulations of the schools unless they are oppressive and unreasonable. The MOE should be very clear on what is allowable and what is not. These should be defined clearly and observed by its staff and convey to the parents. The parents and their children should accept and abide by these rules. If the parents and their children cannot accept the rules, simply just quit the schools. The principles and teachers need not have to resort to violence and manhandling of children, which in most cases are naïve, immature and innocence. Talk to the parents about the problems and let the parents decide if they want the child to remain in the school or to find a more suitable school somewhere else. What is the problem? What is so difficult? Teachers no need to pull their hair or get emotionally upset. No need to abuse their authority as guardians of the school children. Parents need not threaten to sue teachers. And if they do, the MOE should put all their resources behind the teachers should there be such a threat to take them to court. But make sure that no teachers abused their authority or crossed the line. Some will of course, as no one knows how sick a normal looking person is until he exposes him/herself. Teachers, lawyers, doctors, all can be sick but waiting for the right moment to show their true selves. What is troubling are the values the children will be imbued with, thinking that they are somebody and can get away with anything they want, because their parents are important or powerful. They can stomp at anyone like cockroaches.

My parents are very important people

This elitist uncaring face attitude is not going away. After the public lashing and the dressing down in Parliament a few years back, it is resurfacing again. Two teenagers camped in a nursing room at Woodlands Regional Library and refused to allow a young mother to nurse her baby. They even showed her the middle finger and wrapped up the insult with the ‘My parents are very important people’ message. Until today, no one knows who they are. Though their photos were all over the internet, there seems to be a kind of self censorship in place. In the last elitish uncaring face, the elitist child’s face, name and parents were public knowledge. In this case the parents must be really important. Mypaper carried an article of the incident with the two elitist boys’ photo but with their faces pixilated. With a handheld computer game gadget in hand and some drinks on the table, they must be there having a good time for quite a while. And wonder how many nursing mothers were turned away because they thought their parents were important and they could occupy the nursing room as their personal playroom. Would this be the last of such elitist uncaring face incident or this is really the beginning? Interesting to know what the parents must have taught them.

11/13/2012

2000 scholarships worth more than $30m

It was reported that the Singapore Govt gave 2000 scholarships worth $34m or $36m to foreigners. I did not get it whether it was for a year or for how many years. Whichever, it is a significant number of scholarships given to foreigners. The point I would want to know is how many scholarships did the Govt give to children of its citizens annually? This kind of comparison is getting increasingly of interest to the citizens when good money was seen to be thrown to the wind or to the undeservings while the parents of Sin children would have to empty their life savings, some selling their precious homes, to finance their children for overseas studies. It doesn't look like a fair or sound deal. A misallocation of national resources, misplaced loyalty of sort.

Sexual offences the most serious and prevalent crimes

I think this is a blessing of Sin City. When sexual offences, or more of sexual misconducts, are the number one crime in the City, it means that the City is really safe and relatively free from other serious crimes. And think about it seriously, sex offences are acts of pleasure, at least in all the cases mentioned in the courts recently. These are not violent crimes like rape when the victims would have to suffer pain, nightmare and needing psychiatric care. The type of sexual offences did not really have anyone being tormented and will suffer for a long time to come. Everything will soon blow away. It will be serious problem if murder, kidnapping, violent street fights, arson, rape etc are the top crimes in the island. In the reported cases, the victims were actually the offenders and willing parties. Count your blessings, Sinkies, when the courts only have to deal with offences of passion, not crimes of passion it is another way of saying life is good and fun. Yesterday’s Parliament sitting could change the trend of crimes in the City. The first step has been taken to reduce the punishment for drug offences. Death penalty is passé. This could possibly lead to more easing of the drug abuse laws and drug taking may become a lifestyle choice and no longer an offence. The City will then have one offence less in the statistics. The City could be free of crimes if all crimes are decriminalized or legalized. It would then become the first city in the world that is crime free and the police can be ‘demobbed’ and reduced to patrol the highways to regulate traffic flow and as mediators in neighbourhood quarrels.

Happy Deepavali to all Indians

A happy Deepavali to all Indians and Singaporeans celebrating this day. I dunno when they will change this to Divali in deference to the new citizens and FTs and to make them more at home. We shall celebrate Deepavali for as long as we can.

11/12/2012

Who are the real trouble makers in the South China Sea Part THREE

Who are the real trouble makers in the South China Sea?

PART     THREE
Dialogue and cooperation the only solution to the South China Sea issue
In recent years, with the rising arms race in the South China Sea region, the countries concerned are vying to purchase advanced weapons and equipment and are intensifying maritime military activities such as military drills and control, posing a threat to regional security. Despite some noises and incidents that raise tension within the region, the overall situation of the South China Sea remains stable and manageable.
All parities concerned should actively seek to solve related disputes through dialogue and consultation. They should refrain from escalating, complicating and internationalizing the disputes and avoid creating conflicts and tension within the region. This services the common interests of all countries including the directly engaged ones.
To maintain freedom and safety of navigation in the region and eliminate the negative impact of traditional and non-traditional security factors is very significant for economic prosperity in East Asia and its surrounding areas and global economic recovery at large.
South China Sea is one of the world’s most important sea lanes. China has always respected the freedom of navigation and overflight that other countries enjoy in the South China Sea according to international laws. It is also ready to work together with other parties concerned to promote international cooperation on maritime security in the region.
Yet, China opposes any outsider meddling with the South China Sea issue using the excuse of “maintaining freedom of navigation in the South China Sea.” What littoral states should do right now is to seize the opportunity of economic globalization and regional integration to participate in international economic cooperation and competition so as to enhance economic growth and regional stability.
Exercising self-restraint and seeking consensus while shelving differences is the wise step to take at present to address the South China Sea issue, while consultation, dialogue and pragmatic cooperation will be the only way to its final settlement. China has been fulfilling its commitments to regional stability and development with real actions. Other countries concerned shall also undertake their unshirkable responsibilities and duties.
An important part of dialogue and cooperation between China and ASEAN countries now is to carry out the Guidelines for Implementing the DOC and a series of follow-up actions. One element of the guidelines is to discuss and formulate a Code of Conduct in the South China Sea (COC), toward which China’s attitude is open and active. Currently, the most pressing task is for parties concerned to respect and honor the spirit of the DOC, push forward direct negotiations and consultations, and enhance practical cooperation.
This is conducive to not only a peaceful and stable South China Sea but also the common interest of all parties. China stands ready to join hands with other countries concerned to settle related disputes by peaceful means, strengthen mutual trust, avoid misunderstanding, deepen cooperation and develop South China Sea into a sea of peace, friendship and cooperation.
The author is director of the National Institute for China Sea Studies. The article was originally published in Qiu Shi, the official magazine of the CPC Central Committee. opinion@globaltimes.com.cn
Who are the real trouble makers in the South China Sea?China a main contributor to a peaceful and stable South China Sea China has indisputable sovereignty over the South China Sea islands and adjacent waters, as defined by the United Nations Convention on the Law of the Sea (UNCLOS). This has long been recognized by the international community. Based on the principles of maintaining peace and stability in the South China Sea and strengthening cooperation with neighboring countries, China has been exercising self-restraint and promoting dialogue and cooperation with the countries concerned in a constructive manner. China's contributions to the regional stability are there for all to see. China is playing a constructive role in safeguarding peace and stability in the South China Sea. Peace and stability in the South China Sea are closely related to the vital interests of China, who benefits from the safe and unimpeded navigation as well as the regional trade links and economic prosperity. China cherishes and is committed to safeguarding this hard-won situation. However, recently some foreign political figures, policy analysts and scholars condemn China's practices as "the big bullying the small, the strong domineering over the weak.” They even speculate that China is taking the delaying or dodging tactics so as to dominate the resolution of the disputes when a favorable time comes. Such accusations are totally groundless. China insists on solving international disputes through peaceful negotiations. China is ready to negotiate with the countries concerned to handle the South China Sea disputes in a proper manner in accordance with the universally recognized international laws including the principles and legal regime established under UNCLOS. Early in the 1980s, China proposed "shelving the disputes and seeking for joint development,” which showed its sincerity and willingness to a proper settlement of the SCS disputes. In December 2000, China and Vietnam after many years of negotiation, signed the Agreement on the Delimitation of the Beibu Gulf (Tonkin Gulf), leading to the delimitation of the territorial sea, Exclusive Economic Zones (EEZ) and continental shelf between the two countries. In October 2003, China joined ASEAN's Treaty of Amity and Cooperation and signed with ASEAN the Joint Declaration on Strategic Partnership for Peace and Prosperity, through which the strategic mutual trust was greatly enhanced. In July 2011, China and ASEAN adopted the Guidelines to Implement the DOC, which paved the way for further practical cooperation in the South China Sea. In November 2011, China proposed setting up a 3 billion yuan ($480 million) China-ASEAN Maritime Cooperation Fund in order to bring about multi-tiered and all-round maritime cooperation with ASEAN. With its positive actions and goodwill gestures, China has been playing an important role in safeguarding peace and stability in the South China Sea. It could be seen, from the facts of the equitable and reasonable demarcation of the Beibu Gulf with Vietnam as well as the self-restraint exercise throughout the Huangyan Island standoff, that China as a big country has never bullied the small ones. Some other facts should not be ignored either. The US emphasizes that it does not take a position and is neutral in the South China Sea disputes. However, a high-profile US government official intentionally used the “West Philippine Sea” instead of the internationally recognized name “the South China Sea,” and a US senator criticized the normal bid inviting action by a Chinese oil company and accused it as violating Vietnam’s territorial rights. Seeing all these, people cannot but question what kind of neutrality the US is displaying. Furthermore, on August 3, 2012, the US Department of State issued a press statement on the South China Sea. The statement showed total disregard of the facts, confounded right and wrong, and made unfounded accusations against China, intentionally complicating the situation and escalating the disputes in the South China Sea. When seeking the root causes for the unrest in the South China Sea since 2009, in contrast with China’s commitment to peace and stability, some countries have been provoking discord and disputes and stirring up trouble on purpose. This must be exposed to and condemned by international opinion. China is the Protector of a Peaceful and Stable South China Sea. China's sovereignty claim over the four island groups in the South China Sea has ample historical and legal evidence. Certain foreign media are hyping up the "China threat in the South China Sea," claiming that China is coming up with its own version of the Monroe Doctrine in Asia. Certain state leaders claim that China wants to turn the South China Sea into a “Chinese Lake,” and that they can not allow China to “exercise disproportionate control” over the South China Sea, so on and so forth. All those subjective assumptions are clearly not true. China’s modern history was one of miserable suffering from colonization and invasion rather than hegemony and expansion. China adheres to the road of peaceful development, unswervingly pursuing an independent foreign policy of peace and a defense policy that is defensive in nature rather than trying to expand its sphere of influence. Never seeking hegemony is China's solemn commitment to the whole world. China is a committed protector of the peace and stability of the South China Sea. It has never claimed sovereignty over the entire South China Sea, nor will it expand its current claim. The Chinese people love peace, and uphold the principle of good neighborly friendship. Yet, it does not mean that China will accept its territorial sovereignty or maritime rights and interests being infringed by foreign countries. China respects other countries, and is willing to settle territorial and jurisdictional disputes with its neighbors through consultations and negotiations on a friendly and equal basis. But China’s legitimate rights and appeals must get its due respect and assurance. China has always exercised self-restraint on the South China Sea issue, and has taken reasonable and irreproachable reactions to the challenges created by relevant states. Setting up Sansha city recently was the Chinese government's necessary adjustment of the local administrative agencies, the offices in Xisha, Nansha and Zhongsha islands which have existed since 1959. Such conduct is completely within China's sovereignty. As an outsider, the US is neither a South China Sea claimant state, nor a signatory state to the UNCLOS, and thus neither justified nor qualified to criticize China. Posted by Southernglory

Who are the real trouble makers in the South China Sea?


Who are the real troublemakers in the South China Sea
PART     ONE
Globaltimes.cn | 2012-11-6 21:17:06
By Wu Shicun
 E-mail   Print
Recently, some foreign media claim that China has become increasingly "aggressive" in the South China Sea. They even falsely declare that China has taken "provocative actions" to escalate the tensions in the sea and blame China for the "instability" in this area.
These reports are obviously inconsistent with the facts. When it comes to disputes in the South China Sea, China is not the troublemaker. On the contrary, some directly concerned parties have frequently taken provocative actions and ignited incidents, while some non-parties keep instigating other countries in the dispute, trying to push the multilateralization and internationalization of this issue.
That is the true cause of the escalation of the situation. The international media should not confuse truth and falsehood, be biased in favor of the conflict instigator, or deliberately ignore the great efforts and contributions made by China for a stable South China Sea. 
Who’s the instigator of rising tensions in the South China Sea?
Since 2009, tensions over South China Sea issues have mounted. It is related to the impact of traditional and non-traditional security factors and also the outcome of the interaction between inside and outside powers in the region. In particular, the US global strategic focus shift to Asia triggered the reconstruction of the post-Cold War geopolitical landscape in Southeast Asia.
Taking advantage of this occasion, some directly concerned countries deliberately consolidate their claims, trying to push the multilateralization and internationalization of the South China Sea dispute with the help of outside powers. Moreover, some countries outside the region follow the US global strategy shift to Asia to increase their interference in South China Sea affairs, which further escalated the geopolitical competition in this area and finally pushed the South China Sea into becoming an international hot spot.
Some claimant states frequently take provocative actions in the South China Sea, which caused the tensions in this region. On February 17, 2009, the Philippine Congress passed the Baselines Bill, which includes Huangyan Island and some islands and reefs of Nansha Islands as Philippine "territory.”
In April and July 2009, Vietnam government officially appointed their chief executives of the Xisha Islands and Nansha Islands, and strengthened their de facto occupation on these islands through sending immigrants, organizing public tourism activities, and other measures.
In March and May 2011, the Philippines and Vietnam took unilateral actions to explore the resources in disputed areas of the South China Sea. This year, on April 10, the Philippines sent warships to harass Chinese fishing boats which were operating normally in the Huangyan Island lagoon. Moreover, the Philippines intentionally ignited the conflict through illegal actions like detaining the fishermen and conducting onboard inspection, creating a standoff.
On June 21, the National Assembly of Vietnam adopted the Vietnamese Law of the Sea which places China's Xisha and Nansha islands under Vietnamese "sovereignty" and "jurisdiction.” The abovementioned and follow-up actions taken by the concerned parties in the dispute have not only infringed on China's territorial sovereignty and China's maritime rights and interests in the South China Sea, but also violated the principal consensus demonstrated in the Declaration on the Conduct of Parties in the South China Sea (DOC) signed by China and ASEAN countries in 2002 and relevant commitments made by those countries. This is the main cause of the escalating tensions on this issue.  
Outside powers intervene in South China Sea affairs, which further intensifies the tensions on this issue. On July 23, 2010, US Secretary of State Hillary Clinton made a public speech on the 17th ASEAN Regional Forum Foreign Ministers' Meeting in Hanoi of Vietnam, declaring the high-profile intervention of the US in the South China Sea dispute. On November 19, 2011, US President Barack Obama proposed a framework for a multilateral resolution to the South China Sea issue on the sixth East Asia Summit in Bali, Indonesia.
Moreover, 2012 has seen more and more high-level US officials make public remarks regarding South China Sea issue, openly intervening in this regional dispute. In addition, US forces strengthened their deployment and presence in the West Pacific area, including the South China Sea. Under such circumstances, some other countries outside the region echo, follow or even work in concert with the US to intervene in South China Sea dispute through economic aid, bilateral military cooperation, participating in the oil and gas exploration in disputed areas, and other ways.
For instance, shortly after the Huangyan Island standoff, the US announced the plan to help the Philippines to build a new National Coast Watch Center; Japan, in addition, proposed providing more than 10 patrol ships to the Philippines to enhance the country's sea power. Obviously, these actions by US and Japan further complicated the South China Sea situation. 

Sin’s champalan Education System a flop



Now am I getting some attention? Our highly regarded education system, churning out robot like straight A students like a factory cannot be champalan, cannot be a flop. How can it be? Just hear me out why our education system is a big failure.

The flaws in our system are mirroring the flaws in our social economic system. Somehow the acts and intentions were there but the plot was lost. We wanted the best from our students. In the process we developed a highly stressful system that many students and parents are unable to cope with the pressure. Along the way some pressure were released to make the system less harsh. Then the wise parents and educators started to think about a holistic education system, the best in all fields to churn out the best all round products that money can buy.

What we ended up with are half baked students in everything. Academically good but not good enough to be trusted for top jobs. Good in sports but not good enough to win medals. Good in the arts but not good enough to be in fame. We forgot that not everyone is a diamond to start with. Some are rubies, jade, agate, moonstone or simply pebbles. No matter how they are polished, the agate, moonstone or pebbles will still be pebbles, maybe with a little better polished.

And the holistic approach is good in concept but bad in the results. Our students will turn out knowing a bit of everything, a wholesome education, a wholesome individual, but unable to compete with the best in their respective fields of academic excellence, arts and sports.

The less affluent countries simply do what they think is good for a child to excel in a specific field, be it academic, arts or in sports. Full effort, time and resources, were devoted to a narrow and clear goal, to be the best in the chosen field. There is no pretension to be everything. No such nonsense as wanting to be the best in all fields in one average child. Even an exceptionally gifted child will have problems becoming an Einstein, a Mozart, a Husain Bolt and a Bill Gates put into one. It is just impossible. No one has been so gifted in the history of civilization. But that is what our parents and educators are trying to do. I will take back my words if they really believe in a holistic education, an all rounder but average in everything and are happy with it.

The stress part is that with such high expectations, our students are really going through three educational systems in one go. There is the formal school system, the informal tuition system, and the parent imposed and paid classes in arts and sports. Are the children being stressed, or being cooked?

And the truth is in the pudding. See our education products in the real world. In the industries and professions they are not good enough compared to the FTs who did not go through a holistic and highly stressed system. In sports and the arts, there is nothing worth mentioning.

So, isn’t our champalan, bao ka liao education system a big flop, producing students that know a bit of this and that but excelling in nothing? We are trying to do so many things and expecting excellence without knowing the limitations of time and resources and the limits of an individual child. Many are just pebbles and will be pebbles. We need to face this hard truth and cater to the abilities of different children according to what they are naturally gifted to do best. Holistic education is good but has its price to pay. There are merits in specialized education and general education and not every child must be cast by the same mould.

A more deep seated problem in FT craze





The original concept of hiring FTs and foreign sportsmen and women was to use them as a catalyst to stimulate the growth of locals, to learn from them, to be better. And eventually, when our locals have reached a higher skill level and can compete in the international arena and win honours, the scheme could, I think, peters away. The intent was to train our locals, to raise their standards not to replace them with foreign talents especially in sports.



What happens to the quality of sportsmen and women in the few high profile sports like swimming, football and table tennis? You need me to tell you that they are now worst than before? Where are the Pat Chans and Joycelyn Tays and Junie Sngs? In football, where are the Fandis, the Quah brothers, the Rajagopals, the Samads? We can’t even beat a Malaysian state team when we were Champions in the Malaysia Cup, in many Southeast Asian tournaments. Are we improving or downgrading? How many international table tennis players, locals, have we produced?



The reality is that the dependency is growing like drugs. We are now more or less totally dependent on foreigners in these sports. The quality of locals is getting from bad to worst. This is a very serious matter as opportunities and resources spent on foreigners and not on locals would mean the latter would not get better. Soon there would not be any local talents left in these sports. The national football coach is another glaring example. We used to have Choo Seng Quee and some other local coaches. These are likely to have been buried and forgotten and nothing in the pipeline to replace the great foreign coaches who were imported to replace them.



What is more serious is in the industrial and commercial sectors. When we keep bringing in foreigners to replace the locals, we will soon be addicted to foreigners who will keep improving their skills and experience for the opportunities we gave them. Our locals that have been replaced will degenerate and become less skill and less experience less valuable and less marketable. It is a vicious cycle. We will end up with lesser skill locals and more skilled foreigners in our midst. It will come a time when we are highly dependent on foreigners and have serious problems weaning away from this dependency.



Having foreign talents to replace the locals have far reaching adverse consequences in the long term. Locals not given the chance, not given the opportunities will not be able to acquire the critically needed exposure and experience to move up the skill levels and professional competency. That is why though we are the biggest financial centre in Southeast Asia, our top bankers are always from foreign talents because we do not give our locals a chance.



Look at the political theatre, we have greenhorns and little boys and girls being placed in political leadership roles to learn the ropes. Not giving them such chances they will never be able to claim being there and done that. There is political training and renewal, but sadly this is lacking in the industries and in commerce and also in sports.



It is time to turn the clock around to train our own people, give them the opportunities to earn their rights to be at the top of their sports and professions. This is elementary, Watson! We are now bringing in inexperienced foreigners, train them, expose them, give them all the opportunities and resources to improve their skills and experience just to replace the locals. Is this not stupidity, what is? If we don’t give our own citizens the opportunities who will?

11/11/2012

Own a piece of art by an inhuman artist, Mother Nature

Tapestry

Many collectors have built a collection of paintings and other works of art by great painters. None has ever own a piece of painting created by Mother Nature. Now you can own a piece of painting conceptualised and painted by the hands of Mother Nature.

The Exhibition is at NUSS Guild House at Kent Ridge till 21 Dec 12.

Sunday’s political trivials





Xi Jinping is expected to take over the leadership of China after the national Congress that is now in progress. There is a nice photo of him today in the Sunday Times, plus a few others in his team. In fact the ST has been introducing the Chinese leaders for the past weeks. A few distinct features can be drawn from the crop of Chinese leaders. These include thick black hair nicely combed and oiled, a white shirt and a govt issued casual zipped jacket on the outside.

According to ST’s China correspondent Grace Ng, these features have their specific meanings. Nicely oiled and combed hair signifies pragmatism, white shirt means rigid professionalism but tempered by a casual jacket probably meaning not too dogmatic and rather down to earth, a leader closely in touch with the ground. The whole package is simply a no nonsense and task oriented pragmatic leadership, nothing frivolous.

What is obvious is the thick black hair on the roof of these leaders. They must have taken the advice by LKY seriously, that leadership must be kept young and vibrant, not oldies that are stuck in the mud with their obsolescent ways of thinking and ideas. And they will maintain this profile throughout their 4 or 8 years in power. Quite a remarkable achievement, looking at Hu Jintao and Wen Jiabao and the whole team. They hardly age at all. Maybe the task is easy in a communist state. Maybe they think less hard or no need to work so hard and thus were able to keep their hair black in tact. I am really surprise that they could retain their youthfulness while carrying such huge responsibilities and load on their shoulders. Their hair only turned white after they left office. Jiang Zemin and Zhu Rongji were two good examples. Perhaps they lost all the privileges and the good life in office, no more free medical and goodies that came along while in high office.

Our leaders used to have some similar features, black hair and a suit of simple white shirt and pants. I am not sure if they have the same meaning as the Chinese leaders. Let me hazard a guess. Thick black hair signifies youth. White shirt and pants are often associated with pragmatism and even incorruptibility. These were the characteristics of our past leaders and today it is a different story.

Our political leaders entered politics young and with a nice black crop of hair. Heng Swee Kiat and the two generals are good examples. But within a few terms they would all turn grey or white, looking very wise and dignified. And they would stay that way till they are retired.

The white shirts have changed to something more casual and colourful. The favourite colour is pink or red. And designer jacket is often seen in Parliament. Oh, one more thing, our leaders are mostly nerdy looking in the sense that many put on glasses. The difference is that the glasses could be fashionably thick framed like celebrities. This could mean a more affluent society where life is more enjoyable, living life to the fullest. There is no govt issue jacket to come along.

The grey or white hair or no hair must be telling. Working too hard or thinking too hard to run this unique little island to be the best in the world. This must have taken its toll on their crowning glory. A little dyeing could help to retain that youthful look if they don’t mind trading the look of wisdom that came with grey and white, or the classic balding professori image.

I think the Chinese leaders are having a good deal, less stressful, and an easier job to handle. Or perhaps if they were given a chance to stay as long as they want in power, they would also look like our leaders, ageing wise men. I deliberately left out women as they are still young and beautiful.

11/10/2012

Would China and Japan go to war over Diaoyu Islands?



This was the discussion topic that had seen several reruns on CNA’s Perspective programme hosted by Pek Lian. The participants were Tommy Koh and Lam Peng Er, the latter is likely to be a Singaporean too, Victor Gao from China and Takaaki Kojima from Japan.

The issue of Diaoyu/Senkaku is quite clear. The islands were seized from China under the Unequal Treaty of Shimonoseki in 1894 after China was defeated by Japan. They were war loots. The islands were supposed to be returned to China after Japan’s defeat in WW2. But the Americans was tasked to be the trustee, tried to return to Chiang Kai Shek, but he preferred the US to keep them in case he lost Taiwan to the Communists and had some where to run to. The US gave administrative control of the islands to Japan in 1972 after falling out with Communist China and the start of the Cold War.

In 1972, Zhou Enlai and Tanaka signed a communiqué agreeing to keep the status of the islands on hold, but also with Japan agreeing to abide by the post war treaties of Potsdam and Cairo. The sovereignty of the islands was thus kept in the back burner till it flared up again when Shintaro Ishihara hatched a scheme to buy it from another Japanese, thus sealing the fate of the islands as Japanese territories. China protested strongly against such a move.

On the pretext of easing tension, Japanese PM tried to con the Chinese with another sure win scheme, to nationalise the islands. Under both con jobs, the islands would be officially recognised as Japanese islands if they were executed. And China would have lost the islands by a fait accompli for not protesting.

The position of the two Singaporeans was simple enough. Please don’t go to war as it would hurt both countries. The neutral stance is understandable as they did not have any stakes to consider.

The Chinese position was also simple. The islands were Chinese territory and China would fight to keep them at all cost. China was willing to maintain status quo but Japan had pushed China to react and China would have to let the world know that these were undisputed Chinese islands. Not negotiable.

The Japanese position was also simple. It refused to acknowledge that the islands were seized from China and claimed that those were Japanese islands. And to further perpetuate its con job, even accused China for raising tension.

The Chinese would not fall victim to this con job. But Tommy Koh was conned all the way. He swallowed hook, line and sinker thrown out by the Japanese. He did not even want to dispute Japanese claim to the islands, and through his comments that was a settled issue.

And he tried to throw smoke to compare Germany and Japan’s remorse after the WW2 and urged both parties not to go to war. The official position of Germany and Japan, to acknowledge the war atrocities and aggression, was really a moot point and secondary in the discussion.

Tommy asked whether China would risk and waste resources and lives over a few pieces of worthless rocks. Or would Japan do likewise over these rocks. He forgot that China lost the islands to the Japanese and the Japanese was the illegal owner of Chinese islands.

Another point of naivety exposed in Tommy was his belief that the US did not want to see a war between Japan and China. Unbelieveable to think that he is a veteran in international relations! Yes, the US would not want to be involved in a direct war with China. An open conflict between Japan and China would be most welcomed. Whatever treaty it has with Japan, it would use it expediently to serve its selfish interest. It would be in a very advantageous position to calibrate its response, likely to start with lip service, then supply and sell more arms to Japan, and finally decide whether to commit arms and its military forces to the conflict, depending on the outcome of the war. The Chinese and Japanese would have to kill each other first before the Americans decide what to do, just like WW2. Let them cripple themselves, their economies, lives and resources. The Americans can march in as the victor at the closing chapters.

The island dispute is really about sovereignty, about national pride, about ownership. Why should China give up fighting for its own islands? Or why should Japan not return the islands to China without going to war?  Who is the net loser or gainer? Not going to war, China lost. Returning the islands to China, Japan did not lose anything and could lead to a real closure to WW2. Why would Japan want to risk going to war again with China by keeping a few worthless pieces of rocks, in the view of Tommy Koh, that it stole from China?

This is the real issue that would have to be settled between China and Japan now or later, not the apologies and gestures of remorse. Return the islands and everything would be back to square one and bringing about a full closure of Japanese aggression against China and the Chinese people. Is this so hard to understand? Why are the recalcitrant Japanese so persistent in holding on to war loots it took by forced and risking a war with China some time tomorrow? They are peaceful people? They started the war of aggression not only against China but the whole of East and Southeast Asia and against the US.

Sin is a great place for foreigners




'Olivier Desbarres, Barclays Capital’s Head of FX Strategy in Asia, is accused of going on a rampage outside his home and terrorizing workers early last month, The Times has reported.
In the video which has emerged online, a man that resembles the banker can be seen approaching the workers and screaming obscenities.

“I’m gonna go after you. I’m gonna burn your f**cking house down,” he shouts.

“You have no respect. You know what? You’re f**cking animals. Chinese f**cking animals… I have a life. I have a family. You break that, I will find your f**cking family. I can find it very easily – I’m a man with resources.”

Dressed in shorts and sandals, he is then seen grabbing up a large sheet of zinc panel and hurling it into the construction pit, narrowly missing two workers.'

I copy the above posted in TRE. I can only have great praises for this ex colonial master for putting the ‘Chinese f**king animals’ down in their proper place. And his bank, Barclays Capital has sacked him which is very unjust. He should be promoted to be the CEO. He has done the bank proud by standing up for his rights. And the low down workers deserved to be spat on for disturbing his peace.

Only in Sin could such ex colonial master relive their past glory and strut away with his ego intact. Their former subjects would take anything from them without protest. No wonder Sin is a top choice for foreigners.

How to make a daft Sinkie fart without thinking?



Is it superflous to even think that a daft Sinkie has the ability to think? It is very common to hear how daft sinkies parroted views or positions from the establishment repeatedly without knowing what they were farting about. Many don’t even know that what they were saying was actually planted into their pea brain without them knowing. It is all a case of repeating a position and after a while the lazy or mindless will just garble them out as the truth or the logical answer to a situation.

Take the example of the slightly better off middle class and their entitlement for admission into govt hospitals. The official position is that the lower class wards were highly subsidised and the better off should not enjoy the subsidies in the lower classes as they are better off. So they must opt for more expensive classes to spend their savings away. The daft Sinkies were told that if these better off people were to opt for lower class wards, they would be competing for the limited beds in these classes.

Very logical on first pass. Think again, why are these people opting for lower class wards and willing to go through the ordeal with less niceties and comfort? And why should the lower class wards be limited and not increase to cater for everyone who cannot afford to pay for luxury? Just because someone is earning a little more, he must be able to pay more and consume more, and his savings must be robbed. Many could have other financial responsibilities or commitments that they do not have the comfort of squandering their limited resources to enjoy a little luxury.

But the daft Sinkies could only think, sorry I shouldn’t use the word think, they can’t, they could only parrot that these people are depriving the poorer folks from the beds available in the lower class wards.

The same daft Sinkies would say the same thing about Sinkies who earn more than the arbitrary $12k imposed by HDB to disqualify them from buying HDB flats. HDB flats are for poorer Sinkies. The richer Sinkies must not compete with poorer sinkies for public flats.

In the first place the HDB flats are no longer cheap unless they are saying $500k or $800k is cheap. Surely $1.7m is not cheap. How many people earning a combined income of $12k can afford to buy a $1.7m public flats?

The second point, who are the people competing for public flats with the poorer Sinkies? Have they ever heard of new citizens? How many new citizens have been printed to join the queue for public flats, competing with poorer Sinkies? And because they were foreigners before, many could have been very much richer than the Sinkies disqualified from buying public flats.

Then there are the PRs in the resale market, pushing resale price to the roof, competing with the outcasts or mistreated Sinkies who happened to earn more than $12k in household income. These victimised Sinkies, not allowed to buy public flats are now forced to compete with PRs to buy resale flats. Many are young professionals who have no choice but forced by the govt to cough out all their savings to buy public flats or private properties against their interest, against the wisdom of being prudent and saving for a rainy day. And daft Sinkies would say where got forced?

Why should foreigners turned citizens be allowed to compete with poorer Sinkies and Sinkies not allowed to do so. And why should such a scenario happen when the govt could simply build to satisfy the needs of its citizens? No, the daft Sinkies could not see further than the tip of their noses. No, maybe they are just acting daft, paid to sing a song, or have vested interested to sing the song, against the interests of fellow Sinkies. Really, how many Sinkies are earning above $12k and still needed to buy HDB compares to the influx of new citizens competing with the poorer Sinkies?

11/09/2012

Even the Angmohs are crying foul!



Finally the angmohs also cannot take it anymore and are crying foul. High frequency trading is no angel. And for all the goods they claimed to bring, they are really hogwash. High frequency trading is causing more harm and bringing nothing good to the stock markets around the world. They are the destroyers of stock markets and values of stocks. Many markets are appearing healthy with good volumes but in reality fictitious. Don’t believe anyone claiming that volumes are increasing because of high speed trading. It is a lie.

Kent Rossiter, head of regional Asia Pacific trading at RCM said, ‘You can look at the trading volumes and see it does a million shares a day. In reality, of the million shares you’re seeing, there’s not really a million shares out there for you to take, there’s probably 600k or 700k.’ I think he is too conservative. For a million trades done, very likely 80% are done by high frequency trading without any change of ownership, and creating a false market.

High speed trading doesn’t help liquidity: Fund Managers. This is the heading in an article in the ST today. The Bloomberg article said, ‘The benefits of high frequency trading in Asia are illusory and the strategies drive up costs, according to regional trading heads from JP Morgan Chase, Allianz Global Investors and Fidelity Worldwide Investment.’ It also reported that ‘the govts of HongKong, Singapore and Australia are considering the extent to which high frequency trading and other electronic strategies should be regulated’. They should not be regulated. They should be banned from any stock market.

The false claims that high frequency trading will provide liquidity, facilitate trades, market maker, and reducing cost are all bull. How could Asian govts be conned by such superficial claims when the damage of high frequency tradings have been the ire in US and Europe? The only clever govt is Singapore. In the last SGX AGM, when questioned, the management replied that they have not allowed high speed trading into the exchange. Thank God that this is true. I believe they are telling the truth.

High speed trading is violating all the rules and by laws of any stock exchange. It is unfair trading, cheating to be plain, when they are allowed to plug their computers into stock exchange system to monitor other trades and allowing their computers to initiate the best buy or sell to make a profit. As such they have emptied the pockets of many innocent traders and investors, including the funds and their clients.

Among the violations of high frequency trading are, churning, buying and selling with no change in ownership, cornering stocks or the market, creating a false market and unfair trading. No responsible stock market must allow such violations of their rules and by laws to go on, or they are simply accomplices to a crime.

The state of stock markets in the world is so bad that many are looking good superficially but are really in the intensive care wards. Like what George Yeo said, anything may look perfect on the outside, but don’t be deceived.

Govts across the world must not be deceived by high speed traders. They are not innocent and naïve little kids that brought their expensive computers to help a stock exchange to be market makers, to generate liquidity. The truth, they are out there to mop up everything in the market by unfair means. Responsible govts must stop the carnage caused by high speed trading and save their stock markets.

Calling the thinkers for Natcon



My earlier post calling for the elite to step forward to share their brilliant minds for the good of the nation is likely to prove in vain. Who am I to make such a call but a noise in the wilderness of insanity. I am pleasantly surprised to read in the media that Ngiam Tong Dow has stepped up to the podium to make the same call. This time he was addressing the academia, the place called Ivory Tower, where brains are made of ivory unlike the peasants that are made of mud. Ngiam is inviting the intellectuals, the thinkers, huddling in their Ivory Tower to speak up, to share their precious wisdom and knowledge with the govt for a better future for all citizens.

Then I was slammed right in the face by the comments coming out of the Ivory Tower. Read these words very very carefully. I am quoting them from the Today paper. Eugene Tan, the SMU law professor, ‘cited the fear factor as a possible deterrent for academics to speak out.’ My eyeballs are rolling. Eugene also said, ‘some senior faculty “frown upon their colleagues being involved”, …They regard such involvement as purely non academic and not in keeping with the academic norms.”’

A Taiwan born analyst at NUS, Lee Der Horng said, ‘he found it strange that compared to other countries, academics here are not necessarily thought leaders, who drive discussion on public issues.’ Think he is right. Ours are text book academics whose views and interests are confined to the four walls of academia.

Can anyone wonder why protest or demonstrations on social and political issues are often led by students and notby the thinkers in the academia? But could the thinkers see that the Natcon is different, that the govt is extending an invitation to all Sinkies to speak out and tell the govt what they want for the future of Sin? If the academics are shrouded with fear from opening their gold gilded minds, the govt would have no choice but to ask the uncles and aunties in the market and hawker stalls what they would like Sin to be. And what the uncles and aunties decided, the Ivory Tower academics would have to live with it, if they don’t open their golden mouths. Or is it that the academia is filled with foreigners and they rather not be involved in local politics?