Is there a royal engagement?

I thought I have seen it on the news but have gotten about it. It is good that the ST wrote such an emotional article about the engagement of Prince Andrew and his fiancée, a commoner. Sorry, forgotten her name. Thanks for the reminder. The engagement is about a real life prince and a soon to be real life princess. Oooh la la, fairy tale stuff! Now my mind is full of Robin Hood, King Richard and King Arthur. And Yes, 1953, the coronation of Queen Elizabeth the second! And she came to Singapore as part of her Empire tour to let her subjects have the pleasure of seeing her, the new Queen, in person. And the loyal subjects of the Empire lined the streets of Singapore to wave flowers and the Union Jacks as the Queen passed by on her topless motorcade. It was fairy tale and fantasy came alive. Now I think many Singaporean will wish that the Prince and Princess will pay a visit to this former colony for the citizens to go gaga over them. The former subjects would probably have passed away or mostly immobile. But not to worry, the new and younger citizens will be the most enthusiastic over this event and will definitely be out in full force to welcome them. They have not the privilege of seeing a real life royalty in their lives. And they will be in their best dresses, designer’s clothes, hats too, to match the occasion. We can relive our colonial heritage and lifestyle one more time, so glamorous and so intimate, as members of the Empire. And those who have been knighted with an OBE or MBE can put on their medals and be invited to dine and dance with the Prince and Princess, at the Istana of course. Memories are made of these.

SDP and three doctorates

Who says SDP is a lost cause? Many may have the impression that with Chee Soon Juan at the helm and the associated bad press and publicity in the media, the SDP is like dead horse. And in the coming GE the SDP could just be another no horse run. Just when people thought the SDP is a goner, in came two doctorates in the form of Vincent Wijeysingha and James Gomez. The trinity of doctorates will now helm a revived and revitalised SDP. SDP can now claim to be able to attract talented individuals and professionals to join its ranks, something that the Workers Party has been quite successful recently. In Vincent Wijeysingha there is a history of pro establishment blood in his father, the renown ex principal of the famous Raffles Institution. Passing through his hands during his tenureship were several ministers and many MPs and luminaries of the Singapore society. With such a scintillating background, it is not easy to throw mud at him and get them stick. James Gomez is no small weight either. His entanglement with the Elections Committee in two previous elections have made him a household name for good or for worst. His experience in the academia and his overseas stint could be put to good use in the coming election. Resourcefulness and financial resources will be his strength and SDP could benefit from them. Spending so many years overseas, in Sweden, Australia and Japan speaks well of his finances and networking. Now that the SDP have two additional bigwigs of no lesser mantle than the PAP candidates to show, they could produce more surprises when the election approaches. More names of professionals could appear at the same time as the PAP introduces its slate of new candidates. The Workers Party should have some good candidates in their sleeves. SDP too will not do too badly when its full deck of cards are revealed. The next GE would be an interesting poker game for now.

The rude pommies

When David Cameron paid an official visit to China with the hope of signing more trade deals, he and his entourage arrogantly wore the poppies on their lapels. They justified themselves that it was their tradition to respect their war dead. They insensitively brushed aside the Chinese request to have them removed as it was a rude reminder of the Opium War humiliation the Chinese suffered at the hands of the pommies. Of course the trip ended with nothing to bring home. So, would they come back with the Jardines and Mathesons and their gunboats loaded with cannons and opium again to force trade with China? They were superior in weapons technology once. They may still think that they could shove the Chinese aside like football hooligans. They better be reminded that even their world famous Rolls Royce engines are falling out of the sky. This is the last days of a dying Empire and more will come when the loot they ransacked from the Asian and African countries were used up. Soon they will be auctioning away all the stolen treasures in the London museums and the Crown Jewels. Buckingham Palace on sale! Who will be the first sick man of Europe? The Brits have a good potential to assume this position, starting with Ireland. Maybe it will take a little longer as they could also print more English pounds, provided the EU did not stop them from doing it. Or maybe David is thinking of slaying a dragon, like Goliath.

A new kind of colonial conquest

For those who have read history or still remember, the Western powers sailed into Africa, Asia and America in their gunboats and took everything from the natives. And the best part is that they claimed everything as theirs, including the people who became subjects of their empires. How Europe became rich had its beginnings in robbery and piracy. Today they came again, guns hidden, but with stash of newly printed papers they called money. And they are taking everything in exchange for these pieces of printed papers. And the natives just gave them away happily this time round. They gave away goods and services. The latest are beautiful houses and properties which they built at high cost, all for the pieces of papers. And the Americans are warning the rest of the world that stopping the use of these printed papers is destabilising the world’s existing order. In other words, if they are not allowed to cart away goods and services, which they happily exchanged with printed pieces of papers, they are going to pull out their guns. There are countries that have wise up to this new form of colonial robbery. They are not going to give away their valuables for worthless pieces of papers. There are others who are happy to collect the printed papers and willingly give away their goods, including hot properties.

Save Singapore while there is still time

The hottest topic in cyberspace Singapore Chapter is overcrowding in Singapore. But this is only a one sided view of the disgruntled Singaporeans. The supertalents don’t believe a wee bit that Singapore is overcrowded and there are signals and mind conditioning processes actively trying to convince the unconvinced that Singapore can support a population of more than 10m people. The people of the world are crying out loud to save the Gaia while there is still time. Singaporeans, or some Singaporeans, are crying out to save Singapore while there is still time. For this group of Singaporeans, they fear that one day they will end up like a congested fish tank teeming with fish fighting to push their heads up gasping for air. For so many years, even today, we have been crowing about how successful we are and how great this little paradise is. Is there anyone seeing signs that it is going downhill and can snap into chaos, unemployment, bankruptcies and disorder? Some thought they are seeing the signs. Some are oblivious to any signs and are looking at more good years ahead. But they have bought their insurance plans, overseas properties just in case. Can the party go on and on like this, with inflation shooting to the roof. Oh, that is only my personal view and it is likely to be wrong. Inflation is very low according to official statistics despite runaway housing prices, car prices, transportation, medical services and even food prices. With the bulk of the population whose salary got to fit the bill of ‘cheaper, better and faster’, can they cope with the rising cost of living? Looking at the speed in which properties are being snapped up and the long queues waiting for ever more expensive housing, I think all the doomsayers are wrong. Singapore and Singaporeans are getting more prosperous everyday, or at least their property prices are making them richer by the days. And now even buy cars can make money too. The good days are here and will stay forever. Who says must save Singapore while there is still time?

Hongkong and China coming down hard on property speculation

Hongkong has announced more stringent measures to curb property speculations amid warnings by the IMF that the property bubble could burst. Sales of properties within 6 months of purchase will not have to pay 15% of stamp duty. Down payment for properties above S$2m has been raised from 40% to 50%. This irrational fear of property bubble is spreading from South Korea, China to Brazil. The control measures would mean that property prices in these countries will not go up anymore. Now that is bad. In Singapore, property prices can only go one way, up and up. And this is good. It must be. And we have no property bubble to fear. Our properties are all priced to be affordable. This is the ingenious trick that all the other countries failed to learn. The affordability formula is as stretchable as rubber. Even if our HDB 3 rm flats are priced at $1m each, they will still be affordable. From two income households servicing the mortgage for 30 years, this can be made even more attractive by having 4 incomes to pay for it. There is further flexibility to increase the repayment period from 30 years to 60 years too. If these countries would be humble enough to learn from us, they will not need to panic and impose all kinds of anti speculation measures. And they will be cheering everyday for property prices to go up, the higher the better.

Cutting talk time in Parliament is right

When it was first proposed, many people were irked by the move. By restraining MPs from speaking in Parliament when that is the most important part of their job I think, baffles the role of Parliamentary sessions. Parliament is the highest body in the country and MPs must be allowed all the time in the world to say their piece. If MPs cannot talk in Parliament or allowed only a few minutes to talk, might as well abolish Parliament. Those were some of the views from the masses. Today ST published some statistics which proved beyond any reasonable doubt that cutting talk time is the right thing to do. Many MPs don't even speak in Parliament or ask only a handful of questions. So what is the point of having long talk time? Ok, it may be just a provision and whether they use it or not is a separate issue. Who knows some Rip Van Winkles may woke up and want to speak for 3 days nonstop? The curbing of talk time in Parliament may be a bit harsh on those who have a lot of questions and things to contribute. Cutting their time is like telling them that they are talking too much and to shut up. The point is that when MPs have a point to say, especially an important one, time must be the least of concern. Only when an MP is talking rubbish that he/she should not be allowed too much time. With the new restriction, let's hope the Speaker is sensible enough to make exceptions and allow MPs to speak beyond the time limit when the points made are important and relevant. In the same vein, when MPs are talking cock, even the time allocated is too much and the Speakers shall rule the MP out from talking more nonsense. Maybe a little tweaking is necessary here. MPs who are known to ask a lot of questions should be allocated more time. MPs who have nothing to say should not be given anytime. Their time can be apportioned to the voracious question askers. Fair right? Another way is to allow MPs to buy and sell talk time credits like carbon credits. MPs who choose not to ask questions can sell their time to MPs who have plentiful of questions. There can be different variations on how this can be done. But one important thing, Parliament is there for discussing important state matters and time must not be an excuse to curtail talking about them. The saddesst thing that can happen is for the Speaker to ask an MP to sit down because he/she has exceeded the time limit though what the MP is saying is important and all wisdom, and for the good of the country.

Learn from the Americans

America is today the most productive country in the world. And they are now the richest. They can actually buy up the whole world if they wanted to. Just a few weeks back they just printed for themselves US$600b to spend. I think with that kind of money the Americans could have bought up all our properties in the market. And if they print more, they could buy up the whole island. This is the most ingenious way of making money. No need to work, no need to sweat, no need to play tricks in the stock market, no need to devise toxic bonds, no need to go to war. Countries around the world should learn from the Americans and start printing. And with the hot cash, they can go anywhere and buy up everything. Singapore is for sale, all the properties up for grabs. No problem even if we sell our 3 rm HDB flats for $1m. There will be limitless amount of money available to buy them. All Singaporeans can sell their flats and price them more than a million, 2 or 3 million should be no problem too. Just sell and exchange them for the hot and easy money. Oops, heard someone said don't sell. Why not? So much money for the grabs. Oh, just one point, one plate of chicken rice will now cost $300! And our ministers will ask to increase their salaries to $100m. How else would they be able to afford anything when prices of everything is up and up. It will be like the Japanese Occupation time. People will go marketing carrying a basket of banana currency notes. Today they may use the trolleys for the new notes. On second thought, better don't sell your property. It will become priceless at the way things are going.

No apologies for Choenan

President Lee Myung Bak of South Korea is not demanding an apology from the North for the resumption of nuclear disarmament talks. Is this an appeasement, a back tracking, a concession or what? The South has accused the North for killing its sailors. The North must not take this accusation lightly. It must take the case to the UN to demand a thorough investigation for the murdering of South Korean soldiers. It must clear its name or the world and silly South Koreans will think that the North is guilty. Push for an investigation now, and if found innocent, demand an apology from the South, especially from Lee Myung Bak. This is the least that the North Koreans should do, after being falsely accused of murder. If they are not careful, this will be used as an excuse like WMD to invade the North. See that justice is done, to the dead soldiers of the South Korean Navy. The families of the dead soldiers must equally demand for an impartial investigation to the killling. An independent investigation board approved by the families and the North Koreans should be set up under a neutral body under the UN supervision. The South Koreans and Americans involved in the last investigation should be excluded from this independent board of investigators. The South Koreans need to know the truth for the killing of their own people. The North Koreans need to clear its name from being accused as murderers. Do not let this matter rests as it is now. The killers must be dugged out from wherever they are hiding.

Boulders versus pearls

It is quite amusing reading Ravi Velloor’s article in the ST today. The world’s number one gangster went on a world tour to rope in the gangsters to contain the rise of China. On the other hand China was kept busy building ports and signing up commercial contracts with countries around the world. For that, China was described as a rogue and the gangsters anything but rogues. So who are the real rogues, someone trying to do business or someone signing military alliances? But the description of boulders to block pearls is most appropriate, rough and tough gangsters, in the form of boulders, blocking the way of business men doing their business. And India is the most willing of all the boulders to gang up with the evil Empire. It has its own strategic interests and wild ambition to be a world power other than the number one power in the Indian Ocean. Japan and South Korea could be taken for granted as they are mere semi colonies of the Empire. Ravi was also optimistic that Russia and Myanmar would fall in line to be proxies of the evil Empire. Would these two countries be so foolish to become the tools of the evil Empire and got dragged into a hostile conflict to serve the Empire? He should count another willing gangster in Vietnam to join the gang. Indonesia has wisely stayed clear of big power rivalry and choosing its own path of independence and neutrality. It is comfortable being the big brother of Asean. Only foolish rogue nations would gang up to threaten other countries in a pack. Birds of the same feather flock together. PS. Logging in from a laptop seems ok.

We cannot discriminate against foreigners

There is this very interesting article by a Christine Chan in the ST forum today, titled ‘We don’t have the right’. We don’t have the right to do what? She said we don’t have the right to ban foreign workers from the casinos nor can the govt imposed levies for them to enter the casinos like Singaporeans. Doing such things ‘would result in unfair discrimination against foreign workers’. But it is ‘fair and justifiable application of the law’ to impose entrance fees levied against Singaporeans and PRs. KNN, I am now scratching my head sore and the few strands of hair left could be no more. Imposing entrance levies against Singaporeans is fair and against foreign workers is discrimination? Really ah! Where does this Christine Chan coming from? I hope her view is a personal one. Using her logic, I think we cannot ban foreigners from chewing gums. It will be discriminatory too. What else we can’t impose on foreigners? Oh foreigners can smoke anywhere, can litter or break any law right? If in our country we can have laws applied on our citizens and the same laws cannot be applied to foreigners, now what kind of logic is that?

Caught off guard again?

There were no crimes in my ward, or at least until yesterday. The men in blue launched a big operation and netting about 50 gangsters. Now the ministry is talking about studying, reviewing and revamping the criminal laws against teens and gangsters. At least something good comes out from the recent spate of gangsterism. Everyone suddenly found that they have work to do. But it would be better if they were more proactive and nipped the problem in the bud before it exploded in the face. Maybe the word 'proactive' has long been thrown into the longkangs. So, arresting 50 or 60 gangsters is enough? No more gangsters in the street? Low crime doesn't mean no crimes. A little crime is unavoidable and can be lived with? Is there a need to fester out all the vermins once and for all? What about the bigger animals? Just like the loan sharks, we are seeing only the little dogs and cats being caught. The big ones are so elusive and impossible to be caught. Cutting the lallangs without pulling out the roots will only see it grow again.

The unlikely reaction to QE2

Much as the Americans may want to think that the whole world is made up of ignorant fools, and they can keep on printing money on worthless pieces of paper for as much as they like, the Quantitative Easing2 is triggering a reaction from around the world that could lead to a backlash of unimaginable proportion. While MNCs took a whole year to earn a couple of billions, the Fed just printed $600 b for its own use. No need to work or sweat. Step aside hedge funds, loan sharks, pirates, robbers, con men, and bankers. The Fed can make more money and easier than all of you combined. The world is looking at this QE2 in shock and awe. Even Germany, a hardcore ally of the US could not believe it and had come out openly to criticize this move. Unwittingly, the QE2 has aligned the forces of the world against the US, an unpredictable reaction. They are all going to lock out American dollars from their economies, maybe abandoning it. And the consequences of such a world reaction can be deadly for the US. The banana currency is ripening and will soon become thrash. The nightmare is just beginning for the Americans and their evil Empire. Will it disintegrate?

LKY is indispensable to Singapore

On his second appearance after his recent bereavement for his late wife, LKY is in the thick of action again. This time he is calling for the healthcare industry to innovate to reduce cost and improve the quality of healthcare. We can soon expect more innovations in the healthcare industry and probably lowering of cost, a serious problem that no one can solve. And when it does happen, the people have only LKY to thank for. It will be good if he says something about gangsterism and to stop this plague before it gets worst. And the property owners can relax knowing that their property prices can only go up with him around. I am really worried how Singapore will be without him.

The waning of an evil Empire

Three failures marked the Asian tour of Obama and Hilary. They had some success in India with offers of more biz and an UN Security Council seat dangling at the end of the stick. And India was salivating. The Security Council seat is nothing but a red herring as the US knows that China or Russia will definitely veto it. In Indonesia, it was just testing water as the fear of a muslim state is apparent. Other than promises, nothing tangible came out of it. The Indonesians too are conscious of the US intent and are wary of being dragged into the bigger evil scheme precipitating in conflict and disorder. Asean too gave a slap to Hilary by sanctioning the election in Myanmar. And with China taking the same stand as Asean, it became a left and a right slap. It must be very disappointing after painting Myanmar in thick black to see Asean and China saying otherwise. The third defeat was in the APEC Summit when nothing came out in favour of the Americans. Increase protectionism and the attack on Chinese Yuan no longer receive support from other nations. Both were not seen as worthy causes for support. A strong Chinese Yuan would mean higher cost and higher price for Chinese products which the rest of the world, including American citizens will have to pay. And it will do nothing to help unemployment and trade imbalances. The real problem is cheaper labour cost and infrastructure cost in China. When the Chinese workers are prepared to eat less and live simply, and produce more, no amount of currency manipulation can turn that around to favour the US. The US must reexamine itself and its belligerent policies towards other nations. They cannot impose leadership on the rest of the world when it can’t even solve its own domestic problems. And no country will want to be embroiled in warfare at the beck and call of the evil Empire.

Shorten talk time in Parliament

Some people are unhappy with the proposed shortening of talk time for MPs in Parliament. 30 min is considered too long and the new limit is 20 min. Consider the fact that there are 84 MPs and if each takes up 30 min for each issue, then Parliament can go on and on and MPs and ministers will not have time to do their work. Maybe that is the reason why some MPs find it difficult to attend Parliament. Shortening of talk time is good and we may have full attendance when MPs know that the session will be short and sharp. After all, how much time is needed to ask question and read prepared answers? I think the time can be further shortened as time is precious. The Ministers and MPs have many important works to do and too much talking can be wasteful. Shorter talk time will mean that every parliamentarian will have to be precise in what they say. Productivity and efficiency in parliament will definitely go up in all areas.

Doing away with exam results for school admission

I read an article by Kelvin Teo in NewAsiaRepublic blog calling for the doing away with exam results for school admission. He mentioned many good points about how the over emphasis on exam results may not be producing leaders with a heart or caring for the people. And of course all the fears and pressure of examinations. He also cited the doing away of school ranking as a move in the right direction after parental protest that ranking is bad. In the same vein, grading is equally bad. I must say that it is a revolutionary idea and worth thinking about. Let’s do away with all examinations or have examinations without results. Then we can remove all the ills and apprehension of parents and students. And no one can go around bragging about getting straight As and looking down on those who got straight Cs or worst. The parents and children will be most pleased. And we can advance every student to the university as universities too will have no exam results to base on for student admission. And when there are too many students applying for tertiary education, there are many well tested means to award places. Balloting is a good idea, fairly easy to use. A kind of COE, certificate of education, can be introduced and parents can bid for them for admission to tertiary institutions. Or a quota system, based on whatever criteria of race, language or religion, or parental status can be considered. One thing for sure, foreign universities will be out of the picture as they will likely to continue to look at exam results which our students by then would not have. But never mind. Make sure our tertiary institutions are ranked number 1 to 4 in the world ranking and our students need not bother to go overseas for their education. The more I write, the more brilliant this idea appears to be. I think I am now convinced that we don’t need school examinations at all.

The best thing coming out from the SGX/ASX saga

In Singapore, whatever argument that the govt used must be right. The critics may disagree, but so what? If the govt says that it has nothing to do with Temasek or GIC, that becomes the gospel truth. If the govt says that there is no conflict of interest, there is no conflict of interest. If the govt says Temasek and GIC are independent commercial entities, they must be. Questioning the logic is like questioning the integrity of the govt. When Singapore bought into Thailand’s telecom company, the Thais opposed the deal, citing Singapore’s govt involvement. Of course the Singapore govt’s argument was that it was strictly a business deal and had nothing to do with it. The Thais didn’t buy it. Now come the SGX/ASX deal and the same criticism from the foreigners, and the same defense from the Singapore argument. The foreigners are not going to buy our logic or be easily convinced. They are going to tear everything apart and put them under scrutiny. Arguments that are seemingly sound and right to Singaporeans are not going to be so in the eyes of a different foreign party. How so, aren’t the arguments factual and correct? We may have the MM and PM as Chairman and Deputy Chairman of GIC or other senior govt ministers or officials in Temasek or SGX, but these organisations are run independently of the govt. Can’t the foreigners see this and accept this simple truth? The point is that the foreigners are not going to accept this simple logic just because our govt says so. They are not Singaporeans.

40 gangsters arrested in new swoop

The men in blue has swung into action and netted another 40 gangsters following the public outcry for action. Given the right order, they can really do a good job. But 40 is too small a number to cheer about. There could be another 400 or 4000 on the loose. What else can the men in blue do to make sure that their message gets through and those still out of the net know that it is time to behave and not to create more trouble for good? I think the best thing to do is to pull in another few hundred and throw them into an uninhabited island to fend for themselves. And everyday just provide enough food for half of them. After 3 months the survival, if there is any, can then be received for an indefinite stay in the freehold bungalow estate in Changi. The thing is that while the men in blue are working overtime to bring in more of the gangsters, the latter may be planning more strikes to prove that they are indefeatable. We will have to wait and see. If the story of the loan sharks is anything to go by, you can bet that the next series of attacks could be worse.

American trade deficit game is simply brilliant

The American trade deficit with China not only works to its benefit, but is also intentional and planned. An illustration of how this works by using the latest issue of US$600b may help to make the game plan clearer. US$600b can buy a lot of stuff especially from China where the cost of goods is very cheap. Think of what the Americans could buy with that kind of money. All the goods made in China ended in America to be enjoyed by the Americans. The Chinese ended with US$600b of paper notes in exchange. The Chinese could go to America with the same money to buy American products. The American will sell some to them, say US$100b. So China ended up a trade surplus of US$500b. Looks pretty good. But what can China do with this money if it can’t buy things from the Americans? The US$500b becomes money on paper but worthless in real terms. To continue to deceive the Chinese, the Americans told the Chinese that they could buy American Treasury Notes or IOUs which pays a good interest rate. The US$500b will then be returned to the Americans in exchange for another form of worthless notes. The Americans do not mind paying whatever interest as it will be a small fraction of the US$500b. When the Treasury Notes or IOUs are due, the Americans will sell the Chinese more notes or IOUs a second time and on and on. In effective or real terms, the Americans are printing money to buy real goods from the Chinese, and the more the better, and all they have to pay are worthless notes worth the weight of the piece of paper it printed on. And the Chinese can only look at their monthly statements showing how much the Americans owed them, and they can smile and smile and smile. That is about all they benefit from the exchange. Now comes the best part. The Americans can then accuse the Chinese for chalking huge surpluses or imbalance of trade. And the fault is with the Chinese. The Chinese is causing the problem, selling more and buying less. In the meantime the Americans got to enjoy all the goodies the Chinese produced while the Chinese got useless paper notes in the bank accounts, and cannot translate them into real stuff.