10/06/2010
I am impressed with Western Australian Police
Saw this video clip on Australian Police manhandling an aborigine man on the news last night. I was so impressed by the use of force to protect the policemen. Oops, I mean to protect the aborigine. The whole episode should be used for training purposes for policemen around the world on how to handle a ‘violent’ aborigine. Let me try to recall the procedure involved.
First you will need about 6 to 8 burly policemen, preferably twice the physical size of the victim. Then give them a Taser gun each. The next important thing is to handcuff the victim. When the victim, in this case an aborigine, is safely secured, take turns to use the Taser gun on him. The safety of the policemen is guaranteed.
But just a precautionary statement, don’t be over zealous in the application of the gun. And never exceed 13 times. By 13 times, death is highly possible. In this case the aborigine died after being hit by the Taser gun for 13 times.
Oh, one more precaution. When conducting such an exercise, make sure that no one is video taping it, whether by a handphone or a close circuit TV.
The aborigines in Australia are in good hands. They are safe under the protection of the Australian police.
Behind the veil of civility
Everything on the surface looks fine and nice. All the pleasantries and heaps of praises poured in. Everyone has something good to say, so refined and well mannered, so cool and measured. Everyone is so sweet.
Why am I seeing things? Behind the veils of niceties and civility I am seeing the face of a beast. I can’t really figure it out, could be a tiger, a wolf, a hyena or a crocodile, but a beast alright. The great pretence is first class, betterer than anything MediaCorp can produce. It even beats the best make up artistes of Hollywood.
The battle will soon be fought. The daggers are hidden for the time being. Occasionally a little blinding reflection flashes across the scenery when a knife is unsheathed prematurely, only to be quickly put away.
Brutus, where are ye? Brutus, my good friend!
10/05/2010
While there is still time
For the good of the country, LKY must divorce himself from all aspects of govt while he still can. Goh Keng Swee was also a giant in Singapore politics. His passing away did not rock the boat and life goes on as usual. It should also be the case for LKY. But this is not going to be if LKY is still in the thick of govt and the sudden eclipse of his overwhelming presence will trigger a shock, and foreign funds will use the opportunity to sell down the stock market for sure. It may be a knee jerk reaction but the damage can be severe.
There is still time to prevent this day from happening. LKY should retire completely and be out of the picture to let the govt run without him. There is a need for a transition period for the world to know that nothing changes with or without him in charge or in the govt. His fading away is good for the country and for everyone.
No one knows how long he will be around and the earlier he takes step towards this end will give the govt that much more time to run on its own. It will also prevent the doomsayers from creating havoc at the crucial moment when it arrives. As long as he continues to grant audience to state dignitaries, there is no doubt who is in charge of the country.
LKY owes it to Singaporeans to make the transition of Singapore without him as smooth and uneventful as possible. That will be his last great contribution for the country.
When workers raid the treasury
How could that be when they are still begging for some kind of minimum wage for their labour? And they are fighting only for another $30 or $50 more, not like asking for thousands or millions more.
The workers that are raiding the treasury are those at the top of the heap. Whether they call themselves presidents, MDs, CEOs or whatever, they are workers, employees, employed to do a job. The owners of the property or organisation are the minority shareholders, who are lost, disunited, and did not know their rights.
And the expensive workers at the top took over the organisations and began to pay themselves crazy without the owners consent, but by default. That is when the workers start to raid the treasury. It is happening everywhere, from small to big companies. When this takes place, it is a matter of time when the greedy workers break the bank and let it go bust. It happened in America and Europe, during the financial crisis. It is back to square one when the workers are back to do what they know best, for their own interest, by raiding the treasury.
Until the minority shareholders wake up and exercise their rights as shareholders, to stop the raiding, the raid will continue. The raiders will usurp the power granted to them with the silent consent of the powerless shareholders and manage the treasury as their own personal coffers.
And they will tell the workers at the bottom of the heap to take whatever there is left and not to ask for a cent more.
The lure of the dark side
It is officially approved. MAS has given the green light to Chi East, a joint venture between Chi X Global and SGX to operate a dark pool trading platform here. This controversial trading platform that hides under a cloud of secrecy for big traders as against the principle of aboveboard and transparency trading is not new in Europe and America.
So the big boys, the front runners, the smart asses are doing it and it cannot be wrong. I remember toxic notes and minibonds that were then so respectable because it came from the world's centre of finance and cannot be wrong too.
The dark side has always been sexy and exciting. And playing with secrecy, like James Bond, with a licence to kill, is that much more glamorous and adventurous. It has all the thrills of cloak and dagger and the advantage of being above the law.
Has any trading principle been undermined by the dark pool operation? Are the operators having an advantage over those that trades in the open? Is the principle of a level playing field been violated?
Every step taken, even a small step, towards the dark side, is a wrong step. It may not be apparent now. It will eventually, but only when the sky turns dark. A frog being boiled to death never know how far it had crossed to the side of death.
Little incremental changes are deceiving and comforting. Skirting with the danger of going down the slippery slope may not be evident. Yes, a single step has been taken.
Welcome to the dark side.
10/04/2010
Obama apologises for Americas evil deeds
by Karin Zeitvogel Karin Zeitvogel – Fri Oct 1, 6:43 pm ET
WASHINGTON (AFP) – President Barack Obama personally apologized Friday to his Guatemalan counterpart for a US-led study conducted in the 1940s, in which hundreds of people in the Latin American state were deliberately infected with sexually-transmitted diseases.
In a phone conversation with Guatemalan President Alvaro Colom, Obama expressed his deep regret for the experiment conducted by US public health researchers in Guatemala between 1946 and 1948, and apologized "to all those affected."
The US president also vowed that all human medical studies conducted today will be held to exacting US and international legal and ethical standards.
"This is shocking, it's tragic, it's reprehensible," White House spokesman Robert Gibbs told reporters, adding to apologies and outrage voiced by the president, Secretary of State Hillary Clinton, Health Secretary Kathleen Sebelius and other US officials.
Is it really shocking? Robert Gibbs really did not know how reprehensible the Americans were and still is? This is nothing compare to all the genocides of the past and present. Do the Americans really believe that all was well in Guantanamo, in Abu Ghraif, in Iraq, in Afghanistan and in Pakistan and elsewhere around the world when the American’s dirty hand is present? This is the true America, the real America that all Americans did not want to know, and neither did the rest of the world. They only want to know the great and charitable and honourable America created in Hollywood. Long live the Empire.
Below are some of the comments from the innocent and naïve in the same article.
"What happened all those years ago is a crime against humanity and the government reserves the right to lodge a formal legal complaint over it," Guatemala President Alvaro Colom said.
Hilary ‘Clinton and Sebelius said in a joint statement Friday that the study was "clearly unethical" and apologized to all those who had been affected by it.’
Francis Collins, director of the National Institutes of Health (NIH), the US government body that funded the study, called it "deeply disturbing" and "an appalling example in a dark chapter in the history of medicine."
Senator Robert Menendez, a member of the congressional Hispanic caucus, called the experiments in Guatemala one of the "darkest moments" in US history.
"No innocent fellow human should be treated as a lab rat, no matter your nationality,"
Did the Yakuzas in Japan remember their chemical and biological plant in northern China during WW2 era and how they experimented with Chinese prisoners as guinea pigs not dissimilar and could be worst than what the Ameicans did to the Guatemalans.
I almost bought SPH shares
Looking at how thick the daily newspapers have become, it is a good sign that the media companies are making good money. The advertisements, including obituaries, are filling up the pages. And these are real money pouring in. And the last few days the obituary pages could swell into a voluminous book if the PM's Office had not made the announcement of no obituaries for Hsien Loong's mother.
The idea of obituaries in full page or double spread can be a great source of income. It would be better to market the idea of having colour pages for obituaries or even gold plated one with special papers for keepsake, to be framed up, or as collector's items. When that day comes, I will definitely rush out to buy up shares of media companies.
10/03/2010
A reminder of what the yakuzas are capable of
Treaty of Shimonoseki 1895
Article 1: China recognizes definitively the full and complete independence and autonomy of Korea, and, in consequence, the payment of tribute and the performance of ceremonies and formalities by Korea to China, that are in derogation of such independence and autonomy, shall wholly cease for the future.
Articles 2 & 3: China cedes to Japan in perpetuity and full sovereignty of the Penghu group, Taiwan and the eastern portion of the bay of Liaodong Peninsula together with all fortifications, arsenals and public property.
Article 4: China agrees to pay to Japan as a war indemnity the sum of 200,000,000 Kuping taels.
Article 6: China opens Shashih, Chungking, Soochow and Hangchow to Japan. Moreover, China is to grant Japan most-favored-nation treatment.
Japan’s infamous 21 Demands on China 1915
Japan, under Prime Minister Ōkuma Shigenobu and Foreign Minister Katō Takaaki, drafted the initial list of Twenty-One Demands, which were reviewed by the genrō and Emperor Taishō, and approved by the Diet. This list was presented to Yuan Shikai on January 18, 1915, with warnings of dire consequences if China were to reject.
The Twenty One Demands were grouped into five groups:
• Group 1 confirmed Japan's recent acquisitions in Shandong Province, and expanded Japan's sphere of influence over the railways, coasts and major cities of the province.
• Group 2 pertained to Japan's South Manchuria Railway Zone, extending the leasehold over the territory into the twenty-first century, and expanding Japan's sphere of influence in southern Manchuria and eastern Inner Mongolia, to include rights of settlement and extraterritoriality, appointment of financial and administrative officials to the government and priority for Japanese investments in those areas.
• Group 3 gave Japan control of the Hanyeping mining and metallurgical complex, already deep in debt to Japan.
• Group 4 barred China from giving any further coastal or island concessions to foreign powers except for Japan.
• Group 5 contained a miscellaneous set of demands, ranging from Japanese advisors appointed to the Chinese central government and to administer the Chinese police force (which would severely intrude on Chinese sovereignty) to allowing Japanese Buddhist preachers to conduct missionary activities in China.
The above were copied from Wikipedia. The Treaty of Shimonoseki was what the yakuzas demanded of China then under the Qing Dynasty. And in 1915, they made the obnoxious 21 Demands which would turn China into a Japanese Protectorate like Malaya under the British.
These were how atrocious the yakuzas were and will be again if they become too powerful militarily. Today they are trying to revive their glorious empire days. Unfortunately the China today is not the China they could stamp on at will. Without knowing the acts of the scoundrels then, the world may still believe that the innocent party is Japan and China is the aggressive party trying to encroach into Japanese islands. Prior to 1895, the Diaoyutai was still Chinese territory. So was the Ryukyus which is now called Okinawa.
Who is the gangster?
Kwa Geok Choo
Breaking my morning silence to the passing of another historical figure in the history of Singapore. She stood shoulder to shoulder with the first generation of leaders including her husband Lee Kuan Yew and the likes of Yusof Ishak, Goh Keng Swee, S Rajaratnam, Toh Chin Chye, E W Barker, and the rest of the political leaders of the founding years.
Wife of a Prime Minister, mother of a Prime Minister and could be grandmother of another Prime Minister. Everything needed to be said have been said and will be said in the official media.
Over the next few days Singaporeans will say farewell to this quiet pillar of strength in PAP leadership.
10/02/2010
'Mohammed' going to the mountain
The first 'Mohammed' has gone mountain visiting. Giovanni Bisignani, the director-general and CEO of the International Air Transport Association, called on LKY at the SGH yesterday. When you are the mountain, the visitors will come for their pilgrimage. They may even be willing to take a queue number for the privilege of visit.
According to LKY's press secretary, ' the two men discussed key developments in the aviation industry'. Shouldn't this be discussed with the PM or with Raymond Lim, the Minister of Communications? What is happening?
Looking at the betterer side of things, LKY, in his old age, in his medical condition, will not run away from work. He still works when he is sick, hospitalised, for the sake of the country. This would be part of the script when the time comes. A grea
Maids and brokers are human beans too
It is a common practice, though not prevalent, to work the maids from 5am to 12 midnight or more. I have personally hear the noises of maids working in the wee hours of the morning, or washing laundry in the late of the night. The number of hours the maids have to go through for the miserable pay of about $400pm is simply inequitable. Ok, all the employers may disagree. You have your right of views. Other than a contractual agreement which the maids signed to work as required by the employers and the compensation, which are absolutely legal, human rights or abuse of human rights is not an issue to them. I always believe that my god is bigger than your god and children of lesser gods have lesser rights.
The other issue is that maids are human beans and need the time to have a break and rest. They are not machine that can go on and on. A decent break, for all the things that the body naturally needs to do is not demanding but a necessity. Only cruel and obnoxious people would ever think that human beans shall be put to work and work for long hours. It is only a decent thing to do.
The SGX is pondering over a decision to scrap lunch breaks for remisiers, commonly known as brokers, to increase the volume of trades. This idea is as stupid and making students mug for longer hours to expect betterer grades. The intrincacies and complexities of the business require more than just a few words to explain.
Brokers too are human beans and need all the time for the body to rest and recharge. The jokers suggesting that brokers should work without lunch break also need breaks for themselves. But they don’t because they can go on shifts, so do fund managers, dealers and house traders, who can all work in rotating teams. Oh, brokers can work in teams too and go on shifts. Unfortunately the nature of the business which is individual and client based would make such an arrangement difficult to operate. It would require a quality change in the way the business is structured, and brokers would have to form themselves into small business groups. This is best left to those supertalents being paid super salary to think about than a flimsy idea of scrapping lunch break to boost business.
The bottom line is that maids, brokers and all tradesmen and professionals are basically human beans and cannot work without breaks, time for lunch and time for other social and even business related activities. It is immoral, unethical, callous and indecent to even make such a suggestion.
10/01/2010
Every 4th person in Singapore is an Indian
With the number of settlers from India almost doubling in the last two years, every fourth person in Singapore now belongs the Indian community, which is showing much interest in setting up firms in the island state. The city has a population of 1.79 million, including expatriates, and out of that 400,000 are of Indian origin, showing a 100% increase in the community size in two years.... 1 Oct 2010
The above is quoted from The Financial Express. I am very curious with the numbers mentioned. Singapore's population is 1.79 m, including expatriates, and 400k are Indians. How do these numbers compare with our 5m population, including expatriates? And if every 1 in 4 is an Indian, there should be 1.25m Indians here.
Initially I though the numbers were those in the 1960s. I just don't know. Has there at any time in our history that the Indian population hit 25%? My memory says no.
New EC and how much to pay
The new EC at Buangkok is asking for $730-$750 psf and the buyers are those within the $8k-$10k income group. The average price of a 3 bedroom unit is around $850k. Presumably those earning more than $10k pm are too rich to buy these cheap flats.
What would this amount mean to a young couple who probably have worked for less than 5 years? Assuming they could cough out $100k for the initial sum, it would mean taking a loan of $750k for 30 years. Roughly it would mean paying a total of $1.5m by the end of the mortgage. Divide this by 30 it will mean a yearly payment of $50k or $4k monthly. This sounds very reasonable and very affordable. The couple would still have a balance income of $6-7k pm.
This is the new minimum price for EC. Can’t get it cheaper any more. And anyone buying a unit will instantly join the millionaire class.
The stages of decomposition
A forensic expert was relating this story to me on the stages of decomposition of the human body. A murderer could cut up a human body, packed it up nicely in a neat box, wrapped with gift wrappers to look like a present under a Christmas tree.
The first stage of decomposition will be the stench of decay(ada ba woo). A little can be hidden by some fragrance spray. But it will only get stronger by the day and become unbearable.
If the stench still did not get any attention, the next sign will be liquid oozing out of the box. This could be wiped away at the early stages but more will come out.
Next little maggots will start to crawl out of the box, one at a time, and will get more and more. But don’t open the box. For inside will be a whole box of maggots. Though the gift wrappers may still look good, by this stage it is better to throw the whole box away. Beyond redemption! Oops, better burn it in the incinerator. The stench, the liquid, the maggots are all too unbearable to be left around.
The stages of decomposition starts slowly be gain pace rapidly and will change whatever beyond recognition. Why am I writing about decomposition and decay?
My apologies if it mess up your breakfast.
9/30/2010
Creating a strawman
NEW YORK (CNNMoney.com) -- Lawmakers say China's currency is unfairly cheap and passed a measure Wednesday that opens the door to tariffs that aim to help U.S. companies compete.
The legislation, which authorizes the Commerce Department to impose duties on imports from countries with undervalued currencies, passed the House of Representatives by a vote of 348 to 79. The Senate, however, is not expected to take up the issue until later this year.
The bill got support from both sides of the aisle, a rarity in recent sessions, with Democrats framing the legislation as a jobs issue....
China seems to be the cause of US failing economy. And to be specific, it is the Yuan that is causing the problem. By forcing the Yuan to appreciate, all the American problems will go away, jobs will be created, trade deficit will be in America's favour.
And all the American heroes in the Congress are in unison, in one mind, to fight China, the new spectre, the new enemy. They have all united, Republicans or Democrats, just like they were united and stood shoulder to shoulder in their votes to invade Iraq.
Fortunately China is not a pushover. Otherwise American warships will be in Shanghai like Commodore Perry sailing to Kyoto to open up Japan for trade. Well done America, the champions of free trade!
Who is going to pay for this gungho, bravery and madness! The American public of course. Just like they paid with the lives of their children and public money for the invasion of Iraq. The Congressmen can thump table in the comfort of Congress and cheering everyone on. The American public will have to pay more for everything they import. No more cheap toys for Christmas.
Burn Europe/America, burn
Western Intelligence has uncovered the biggest terrorist plans targeting Britain, France, Germany and USA. The historical bullying, looting, plundering and suppression of the victim countries by these empires are going to meet its pay back time. But, but, it was all history. The bullying, destruction and killings were done by their predecessors. The people today are simply innocent, very nice people, have nothing to do with the cruelties and oppression of their forefathers. It was all in the past, forget it and move on.
Would the descendants of the victims accept their fait accompli? The sins or mistakes of the former colonialists and imperialists were their inability to do the job completely and leaving behind hordes of descendants to avenge the wrong doings of the past. They only did right to the Red Indians. They were killed to near extinction and no way to fight back. Quietly spending time in the reservations to forget their sorrows and the injustice done to them. The beneficiaries of past brutalities will say, why bring out the past? It’s over. Tell that to the terrorists.
America does not need to start fires everywhere outside Europe and the US. The fires are coming home, to stay.
LKY hospitalised for chest infection
LKY has to skip paying his last respect to Balaji because of his hospitalisation. He had a fall the day earlier but managed to appear as the key speaker in the Russia Singapore Business Forum. His mental faculty was still vivid, but his physical appearance was simply bad. Anyone watching the newsclip would know what I meant. I have never seen him in such a horrible condition physically.
The point is that he is going to continue what he is doing, flying around and expounding his political wisdom. I am not against him doing it, but he should do it in the comfort of the Istana, probably in his most comfortable couch or a rocking chair. Let Mohammed come to the mountain and not the other way. Any political leaders wanting his advice or his views should pay a visit to the Istana. Even simple courtesy will dictate that the young and vibrant visit the elder who are less mobile.
Unfortunately no one is able to tell LKY to stop doing what he is doing. Maybe Hsien Loong should take out an exclusion order to keep him from hurting himself. Biological age respects no one and will take its toll when the time comes.
9/29/2010
In good men we trust
The GIC said its investment strategy has paid off, 'and it has significantly recouped most of the losses incurred during the global financial crisis.' Its annual report said that the 20 year nominal average rate of return pa of investment was 7.1% for the preceding 12 months ending March. This is better by 1.4% over the previous year. Real rate of return rose from 2.6% to 3.8%.
How much do these numbers mean? How big is the portfolio, how much profit or was there any profit, assuming a positive rate of return means there is profit?
Never mind, the money is in good hands and there is an official annual report. Good enough. And the report said everything is doing just fine.
We trust the good men handling the good money, and plenty of money in any measures.
More glee on YOG
My feeling is that many are cheering to read more news of the happenings surrounding the YOG. Today it was reported that some volunteers were supposed to be rewarded with F1 tickets that came after the race was over. Cock up, cock up again! I can hear the screaming and cheering. And some will be asking for blood or demanding another apology from Vivian.
Poor Vivian. It seems that he is the only one responsible for the YOG, an OMO, one man operation event. The critics may want to give him a break. How about asking the person tasked to mail out the tickets to take the blame? It is definitely not Vivian's fault. He can't be over looking at a mundane task like this and can be expected to rely on the staff concerned to do the necessary. If a minister has to do all these jobs, then every position shall be replaced by a minister and we will have thousands of ministers everywhere.
Time to place the blame at the right person.
Be kinder to the oldies and unwell
Was it official wisdom or economic expediency that we want our old and sick to work till they die on the job? There compelling economic reasons to do so, that the old and sick should not become a liability to anyone, to be financially independent and dignified. There are also compelling and compassionate reasons not to allow the old and sick to work when they are unhappy to do so or unable to do so.
We have forgot the meaning of life. Living is not just an economic activity, to work to live and to live to work. There are many dimensions of life that are there to be explored and experienced. Work to death is never an enlightening option. What happens to the old adage of retiring and smelling the roses and watching time passes by, enjoying the moments with the grandchildren?
We can afford it, with a little ingenuity and thinking, to provide for our old and sick without making their lives miserable. And for those who are financially able, there are many things more valuable than just working and collecting more money. And for those who have not much time left on earth, it is decent and proper that they spend their time in a more fruitful and valuable way, to be with their love ones and enjoy every moment they still have.
There is a need to rethink this economic wisdom of working to pay for our time here. As civilised, organised and enlightened society, we must think more than just in economic terms.
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