The elitist Presidency

Do we need an elitist President? I can’t imagine an elected President saying. ‘Get out of my elitist and uncaring face!’ Of course this is unlikely. No got chance for a President to say such things. The barriers have been set up so high that only a select few elites would qualify. The door has been shut on the general populace. I still think that there could be loop holes. For instance a Stanley Ho would definitely qualify. Or a char kway teow seller who went on to build a food chain and got his company listed in the stock exchange could also qualify. Similarly a construction worker who could turn around a small construction firm into a construction giant must surely qualify. I don’t think a school principal or a lecturer in the university will qualify. A doctor of a small clinic will not qualify. This would rule out many talents and good people from standing for the Presidency. No wonder there were so few candidates, actually only one candidate, that stood up in the last election. A dearth of president material. What if the rules are relax and less stringent? What if Wally becomes qualify and gets himself elected? I bet he will be asking someone to write a book about his conquest as emperor of Lijiang. Or Matilah, the longkang intellectual, he would want to write a book about his amorous adventures and his fun loving vagabond lifestyle. Just these two examples will be enough to convince me that an elitist President is a right one. Oh, need to tighten the rules a bit more to exclude successful people like char kway teow chefs and construction specialists from the University of Hard Knocks.

Policies that are anti family

Low fertility rate and lesser babies seem to be the problem of this little country. And we have many positive govt policies to encourage more babies with cash even being thrown in to help the mothers to be. Why is it not working? Let me venture to make a few educated guesses. Babies mean family and family support groups plus a social and economic system to support their growing up to be healthy and well balanced individuals. They need good homes and space to grow up too, without having to worry about the finances and high cost of living, education and medical expenses. What are the policies that are anti babies and anti family. 1. Housing. You need affordable, I mean really affordable and not a life time of debt to be serviced by two incomes, and reasonably spacious living spaces for the children to grow. Ideally a 3 tier family with the grand parents or other siblings lending a hand when needed to look after the babies. The alternative is for maids, but with someone at home to supervise, thus proper living space for maids. Are shoe box flats good enough to bring up children? Sure, the midgets will tell you. You don’t need more than a store room size room to live in. Ok, the ants and bees live in smaller niches, so don’t complain. And Hongkong is a good example to prove how luxurious our shoe box flats are. 2. Now, the problems of housing policies against families and babies are obvious. Without housing, how to start a family? Wait and wait, and queue and queue for housing? By the time one gets to the front of the queue, several years have gone by. By the time one gets to the housing unit, several years have gone by. Not forgetting the years needed to save for the down payment. 3. Two income family. Is this conducive to family life? With a 3 tier family, workable. If both parents have to be out most of the day and return home dead tired, what is there left for the family? And if the couple is on their own, the burden and responsibility of looking after babies will be passed to someone else that may bring more problems, stress and even tragedies. 4. Medical cost is not cheap to bear a child and to see them through in good health. 5. Education, transportation, living costs etc all adds up to a huge bill to pay. 6. Cannot afford cars, take public transport. Who doesn’t know? One baby with the pram and all the accessories will be more than enough to lug around. Taking public transport once in a while may be bearable. But to do it for several years, ferrying the kids to grandparent homes or nurseries for day care, kindergarten, play schools, schools, my god, how to cope? And if both parents have to rush to work, and what if there are more than one child? Private transportation is essential! No joke, it is no luxury. Now COE already $70k! KNN. So you want everyone to be economically active, you want everyone to produce children, what for? And you don’t want to build housing. You demand that people book first and wait for 3-4 years. Lao liao by the time the flat comes. And the govt is telling people cannot afford buy smaller and smaller flats. Cui kong lan par song. With the kind of prices for a flat, many young couples will only have to buy smaller and smaller flats or shoe box flats. Oh ya, some will be buying private and landed properties. Now grandparents also must work as cleaners. Why don’t govt provide incentive for grand parents to stay at home and look after grandchildren? Cannot lah, welfare state is bad lah. Looking after children and grand children are individual’s responsibility. Ok, then what the shit is the govt complaining about not enough babies and asking people to produce? Individual responsibility what! There is such a word called holistic approach. But if left hand doesn’t know what right hand is doing, or left hand does one thing, right hand does another, then the balls will ding dong all the way. Oh, they also have a saying, have your cake and eat it as well. Now that is simply ingenious if it works.

Another reason not to have babies

A 3 year old toddler had his thigh bone broken by a maid who was hired to take care of him. This piece of news was reported in the media several weeks ago. I feel so sorry for the poor child. There must be many children out there who were in the charge of maids and suffered pain and injuries, victims of maid abuses. And the parents had to be out earning a living to pay for the maid and hoping to bring up the child, to give the child a good home and a good life. It is not just brave but foolish, silly, to trust your children to a stranger, called maid. Do these parents feel any pain leaving their children to strangers while they could be battered or tortured in their absence? I can feel the pain for the poor children. This is another reason why it is difficult for young couples to bear children. It is very expensive. And if they are unable to take care of them full time, or with reliable help, it is torturing for both the parents and the children. A double income family has a huge social price to pay in parenting and bringing up children. When everyone has to earn a living, who is to look after the children, where is the normal family environment? Who says go forth and multiply? So easy meh? Please have a heart for the children and their parents. Not many can afford to bring up children and have peace of mind when the cost of living is so high. Don’t think having children is just for fun, for economic reasons. It is a life!

Shock waves and tsunamis in the next GE

The PAP election machinery is whirring as it should be and everything is running as per normal. Every single step is as planned, like the last election, like the election before the last election. The efficiency is time proven and nothing will go wrong. The electoral electoral boundaries have been redrawn, electoral list finalized, the new MPs are being interviewed, the grassroots all activated and ready to go. Next will be the budget which will send the MPs going oohs and ahhs, the best budget of the century, a people’s budget, everyone should be happy. Where on earth can one find such a good govt? The people can expect something real big this time, big pay rise, bigger bonuses, bigger angpows. Maybe not as big as the $300k I wish for as it is unlikely that the govt will print $600b like the Americans to give away. But it will be damn big. But will there be shock waves and tsunamis? I personally think there will be plenty and many coming from the PAP itself. Let me guess what the shock waves will be. 1. The yodas will be gone. The PAP can’t be talking about a younger set of leaders and advising other countries to have younger leaders while it hangs on to all the yodas with some becoming centurions soon. LKY and Jayakumar will likely be dropped. 2. Shock wave Two could see the dropping of ministers without portfolios. With the huge pay package, it is very difficult to justify to the people why ministers without a ministry to run should still be paid that kind of money. Zorro is the exception as the NTUC is a national institution, as large as any ministry. Chok Tong and Boon Heng’s positions should be hanging on a thread. 3. The third shock wave must be the dropping of ministers that are sure goners. Whether the PAP drops them or they stand for election, they will not be in the next govt. It is thus a tough decision for Hsien Loong, dropping the ministers or losing them together with the GRCs and the team of MPs. 4. The next shock wave will be the dropping of young MPs who are no longer interested in politics or are not perceived to be with the people. Reviewing their attendance in Parliament sittings will give one an idea of who would want to be dropped. From the opposition camp, the shock wave will come when they are able to contest every single ward and every GRC. And the bigger shock is that many professionals and credible and able candidates are coming out to stand. The biggest shock wave will come when the election result is announced. I was gazing very hard at my crystal ball and all I saw was smoke. I could not figure it out. It was so tumultuous and earth shaking that the crystal ball went poop after that. It could not take the shock of what was coming. Looks like a tsunami hitting the political scene.

Tiger Mums

There were several discussions on this phenomenon of so called Tiger mums and their extraordinary babies created under pressure hot house regime. The children turn out to be more than extraordinary. And the Tiger mums undoubtedly must be very proud of their achievements and the methodology applied in the process. I congratulate all the Tiger mums for their blessings for having some fine children. For parents whose children are lesser endowed or poorly endowed, please do not despair that your children would not turn out to be exceptional like the children of Tiger mums. Life is a gift, or a reason for it to be that way. Just live life and don’t feel down because one doesn’t have the blessings of Tiger mums. Every life is there for a reason. Every morning I met this auntie fetching her precious little girl to school. She has to help her as her ability to move is not normal. Nonetheless you can see the great love and devotion of a mother caring for her loving child. This little girl will not excel even under the best Tiger mum. The bus that came to fetch her is from a special school. The special is not meant to be extraordinary, extra brilliant. It means she needs special care. Mothers of special care children deserve more attention and recognition for what mothers do best, simply providing tender loving care for their children, against all odds. Never mind about no straight As. Life is not just about achieving straight As and not all children are gifted for that.

Mickey Mouse flats is a correct policy

It is only right and the way to go forward, to build more small flats instead of bigger flats. Our population of duds is not going to reproduce themselves. So it is useless to waste resources to build bigger flats. What for, when only two persons will live in them, maybe three. Come to think of it the developers are more far sighted than HDB. They already see the trend in the future. People are getting married but not reproducing. Three cheers to the builders and developers of small flats. Despite the kpkb about low fertility rate and wanting people to produce more children, the reality speaks for itself. You can’t believe anyone telling you to produce more children when he builds flats for two. You can’t take him seriously when he says one thing and does the other. On the other hand those people buying Mickey Mouse flats may regret one day when they don’t have extra room to let out for retirement income. They need a room for themselves and one or two extra rooms for renting. This is now the only compelling reason to want to have bigger flats, not for babies and children.

Demolish my house when I am gone

This is the will of LKY. It is spoken in public and everyone now knows what he wants. Being a public figure of such a stature, a kind of celebrity, I think his wish may not be granted. There are those who want to keep it as a national monument to preserve a little bit of history and historical buildings that are still around. There are some who sees the monetary value of that piece of land and its surroundings. How much more money can be made. Yes, making money is all that we can think of. The argument to gazette the place as a historical site may be losing ground when money is at stake. Who cares about our history, or who cares about LKY, some may argue. Money talks, and money talks louder. Let me try to use the money argument that may favour the keeping this house as it is. Fengshui plays a vital part in the life and fate of people and country to the believers. I think the location of this house is in an excellent fengshui location. The site has given birth to two Prime Ministers and three President scholars. How much more auspicious can one get? And with the site being kept as it is, without changing or altering the fengshui, Singapore prospers for the last few decades. So, anyone want to risk changing the fengshui of the area and demolish the house? You may not know what you are demolishing. Singapore could also be demolished in the same effort. Whatever little money made by the developers will go up in smokes. Now, did I frighten the shit out of those who want to make some money from the site and replace it with a 30 storey condo?

Am I amused?

I got this impression that foreigners are much more politically savvy than Singaporeans after reading an article in the ST yesterday. It was about the slowing down in giving PRs to new applicants. The rejection rate is growing and the criteria for acceptance have gone up. Official statistics said the number of PRs approved last year was down to 29,265, less than half of 2009’s 59.460, much less than 2008’s 79,200, and 2007’s 63,600. Nothing was mentioned about the comparative numbers for new citizens. I bet that must also have gone down. But I may be wrong. So more unhappy applicants are going to threaten to apply for PRs in other better countries? Horrors! How can we lose all these talents to other countries? Quick, quick, reverse the flow, accept more or else… they will leave. I can sense the panic of those clamouring for more talented PRs to join our workforce. Some applicants are more sanguine about the situation, or maybe smarter. They knew that it is the election year. No sweat. After the election things will be back to normal. The govt is now appeasing the anger of the people and closing the door a little. After the election they will apply again. Is this amusing? The foreigners know exactly how the system works here. They are bidding their time now and know that they will get their PRs in double quick time after the election. How come Singaporeans don’t understand or never understand how the game is being played? Things before an election and things after an election will be poles apart. Maybe they are hoping that the leopard will change its spots. Maybe this time it will be different, or from now on it will be different. So, who is smarter, the foreigners or the citizens?

Old and New PAP

When one put up a topic like that, it simply implies that there are issues between the new and the old. Definitely there are and many, both good and bad. What distinguishes the old from the new is that it was a highly respected party, with a few rough corners for making tough decisions for the people. It was a lean party and the people knew that whatever it did, it was really for the good of the party. And the leaders lived by the principles that they shared the woes of the people and would carry them and walked a long with them through thick and thin. The people might not be too happy with some of the policies but went along, and elected the party to power elections after elections. The leadership was impressive. Not that all of them were super talent material, but their hearts were together with the people. The ministers were well regarded, each a tower of strength. Any GRC that was deemed to be weak or facing tough opposition, just threw in a minister and the GRC would be as good as in the pocket. What is the situation today? The party is still doing a lot of good work for the people. I perceive that in spite of this, the ground has shifted. The people are angry, really angry. OK, not everyone is angry. There were many policies and decisions that were seen as bad and unacceptable. It may be only a perception, it may be real too. On the party side, it thinks and sincerely, honestly believes that it is doing everything for the good of the people. They forget that it is the people that is the judge. Why is there such a big gap in the people’s perception and the party’s own thinking? An erroneous perception can be easily explained away with some effort. Bad decisions and policies don’t go away, no matter how much trumpet blowing, and will end up as sophistry. They said you cannot bluff the people all the time. Too many untruths propagated as truths would surely back fire. It is no longer palatable to take the position that the people are stupid and unthinking masses, can be easily manipulated, or unable to see the goodness of good policies. Our superb education system must at the least do some good, make the people more knowledgeable and critical of the things they see or are happening to their lives. They cannot be unthinking people with all the exposure to the world and the high educational level they have attained. Are the people with the new PAP? There are hard core supporters and oppositions on both sides. The important segment is the middle ground. Has this moved? If the anger expressed in the new media is true, forget about the views of the old media as we know what they are, then the writing is on the wall. But it is not just the perception of the people that has changed. The leadership in the new PAP is quite fragile to be polite. Many ministers today are liabilities to the GRCs they are helming to the extent that fielding them will guarantee that the GRC will be lost. I know some may read this point with eyes popping out. Believe me, quite a number of ministers no longer carry the ground. The only thing that has never changed is that the PAP, old and new, is still led by one man, the same one man that started it. Even though LKY does not hold any decision making position directly like a ministry, he is still the man. It is still his party, his Singapore. Can the man carry the party again one last time, really, that he will stand for one more election? Or is the party coming to an end together with the fading away of the man that is synonymous with the PAP from day one to his last days?

US lawmakers rip into Hu Jintao

MR HU GOES TO WASHINGTON: ‘MONSTER’:Members of the US House Committee on Foreign Affairs did not hold back as they focused on human rights abuses in China under Hu Jintao’s leadership By William Lowther / Staff Reporter in WASHINGTON Chinese President Hu Jintao (胡錦濤) came under an unprecedented personal attack at a US congressional briefing on Wednesday at the very same time he was being welcomed with a 21-gun salute at the White House. Members of the US House of Representatives Committee on Foreign Affairs referred to him as a “monster” and the committee chair, Representative Ileana Ros-Lehtinen, a Republican, said that it was estimated that his regime was holding close to 7 million people in labor camps. “It is as if the entire population of Switzerland were being held behind barbed wire,” she said. It is highly unusual for visiting heads of state to be subjected to such biting criticism while they are guests in the same city. However, analysts said that feelings were running so high about Hu’s human rights record that some US lawmakers simply couldn’t contain themselves. Representative Christopher Smith, a Republican who on Tuesday held his own conference on Chinese human rights abuses, said: “Who is Hu Jintao? In 1989, just a few months before the massacre in Tiananmen Square, Hu was Beijing’s iron fist in Tibet.” “This was the man who ordered the savage beating of Tibetan nuns and even children were pummeled to death. He presides over a gulag state — clearly a dictatorship. He has been directly responsible for the systematic detention and torture of millions of Chinese,” Smith said. “Cattle prods are put into prisoners’ armpits and at their genitals.” “I believe Hu ought to be at The Hague being made to account for his crimes rather than being treated with a state dinner,” Representative Dana Rohrabacher, a Republican, said. “We should not be welcoming the world’s worst human rights abuser to our White House. It is wrong. We should not be granting respect to this monstrous regime,” Rohrabacher added. “I think the Chinese have a hidden agenda — world domination. We seem to be helping them in their goals. We just don’t seem to get it,” said Representative Albio Sires, a Democrat. “There is this monster developing right before our eyes.” The American lawmakers think that they were the saints of modern history. I am wondering how many of those named above were descendants of slave owners and Injun killers? Or were these small town law makers descendants of the Jeremiahs or the hill billies? Does anyone of them remember Kunta Kinte?

The 3 blind men and China experts

Every time I read an article from the China experts it never fails to remind me of the 3 blind men and the elephant. Yes they all claimed to know the elephant very well, a kind of expert. They have touched the elephant and smelt the elephant. One claimed that the elephant was like a tree trunk. Another professed that it was like a snake. And another swore that it was like a rope with loose ends. The beauty of it all is that they all believe that they were right and the elephant is what as they described. If only they could go pass beneath the skin of the elephant, if only they could look at the whole picture. But China experts are plentiful and of different degree. Then again, most of them are just like the 3 blind men. The betterer part is that they are propounding their theories of what China is all about and trying to con everyone of their expertise. Put it in another way, how about a Malaysian asking a Singaporean who visited JB once on where to buy cheap and good Malaysian local products? And the Singaporean happily went about explaining like an expert of Malaysian local produce and where to get the best deal!

Bodyguards and Assassins 2

The movie has many angles to look at, and lessons to be told. The Qing Dynasty was decadent and had lost the mandate to rule. But the Dowager was bent on keeping the Dynasty going for as long as possible, and with all means and resources available. Suppressing the opposition at all cost was her only way. The Dynasty had run out of ideas on how to rule the country. The country was in disarray and controlled by foreigners. The foreigners were calling the shot. It was a pathetic scenario, even in modern society, should the foreigners ended calling the shot in a country. The dangerous part about this ‘foreigner’ thing in modern history is that they could pass themselves off as citizens by simply acquiring a citizenship. And overnight people believe that they are one of them, no longer foreigners. Instant trees and instant citizenship have their merits and dangers. The Qing Dynasty was oppressive and deadly. They just killed off any opposition. Under such a political culture, when the rulers were ruthless and ready to demolish anyone trying to stand up to voice their opposition, the patriots could not hope for a peaceful change of the power elite. They were compelled to meet force with force, a rebellion. But for such an endeavour to succeed, there would be many sacrifices of lives. For every martyr that was taken down, more must stand up to replace the fallen. It was a bloody time. The unassuming doctor in Sun Yat Sen stood up. And so were many pen pushers, academics and students, all wanting a new China for the people. Many were mowed down by the soldiers who wielded the sword and the gun. The pen pushers provided the leadership and ideas, the brain. And the soldiers provided the muscles and the brawns to take on the ruthless Qing regime headed by an ageing Dowager. The rest was history. An empire of several hundred years, with all the elite in power, with guns and money, was overthrown by the will of a desperate people. History repeated itself. No empire can survive forever, no matter how powerful, how long it stayed in power, and how ruthless is the suppression of the people’s will. There will always be a new dawn and a new era.

Bodyguards and Assassins

I like this movie. It was set at the dying days of the Qing Dynasty. Sun Yat Sen was a rebel, outcast by the Govt in Beijing. The movie was about his visit to Hongkong to organize a revolt against the corrupt and decadence Qing Govt. And HongKong was a British outpost occupied by foreigners and foreign talents. The Qing Govt was dead against the rebels challenging its authority to rule but closed an eye while the foreigners flourished in the country. The Qing Govt might not love the foreigners, but it was a case of not ruffling feathers. As long as the foreigners were doing their own business and not involved in the politics of the day, the Govt could live with it. Curbing the rebels and their cause was the main priority, to extend the rule of the Manchus. The Qing Govt sent a band of Imperial Guards to assassinate Sun Yat Sen in HongKong. The Imperial Guards were led by a devoted and loyal Commander called Yan XiaoGuo. His loyalty and conviction to the Govt of the day was unquestionable. He sincerely believed that exterminating the rebels was the right thing to do. His zeal was admirable if one does not make any subjective judgement on which side was right or wrong. Civil servants of such nature were exemplary and deserved every cent paid to them. And the Qing Dynasty was able to extend its corrupt ways for much longer than necessary at the detriment of the country and its people. The change and overthrow of a corrupt govt was made to take a much longer time with more bloodshed, misery and loss of life. Thanks to such loyal civil servants that pledged blind loyalty to the dynasty without question. In the case of Yan XiaoGuo, his loyalty was not blind loyalty but full of conviction that the Govt then was legitimate and good for China. Overthrowing the Govt was against the mandate of heaven. He died for his belief and in the execution of his duty as a loyal civil servant. But his zeal and devotion to his master nearly killed a patriot and prolonged the decadence of a bankrupt dynasty. And in the cause of following the ruthless order of his masters without questioning, many citizens were killed or maimed as a result.

Human rights a major issue in Hu Obama Summit

With billions of dollars of chips on the table, the most important issue to the Americans will be the jailing of Liu Xiaobo. The Americans are pulling their hair off their heads at the dismal human rights record of China. And they are flabbergasted that the Chinese were unable to clear up their human rights problems after so many years of pressure from them. Obama may want to help the Chinese by giving Hu a recipe on how to clear up the dissidents once and for all and don’t have to look back again. The two worst human rights violation in the history of America that outshone the rest of the world must be slavery and the genocide against the true natives of America, the Red Indians. What Guantanamo? What Abu Ghraib? And the Americans handled these two problems so well that the survivors of these two abominable human rights violations against humankind are living happily without protesting. I am not too sure how the African negroes have been appeased and no longer pursue the violation of their self respect and rights as a human bean, but how the Americans dealt with the Red Indian issue were all well documented in the history books and the movies of Hollywood. From what I have read, the recipe to ensure that there will be no protest or grievances from those whose human rights were violated is very simple. Execute a ruthless campaign of genocide, make sure that the wipe out is as complete as possible. The Americans were extremely successful in exterminating the Red Indians that not many survived the ordeal to become dissidents today. What ever few that were left, send them to the reservations in no man’s land. With several millions of the Red Indians, young and old and womenfolks included, shot by the US cavalry, the human rights issue of the Red Indians is history. There must be a complete whitewash, and not to be spoken of again. The second part of the recipe is exactly this. Just keep attacking other countries’ human rights record so that they have no time to think about what had happened in America. Yes, the arrest of Liu Xiaobo is an earth shaking event that must not be forgotten and must be taken out regularly to be aired. Ssssssh, don’t say a word about the abhorring human rights violations against the Blacks and the Reds in America. No one must know or remember. How about Hu Jintao raising a wine glass and toast to the Blacks and Reds in the state dinner? The nation with the most abysimal record of human rights violation is chiding the China for human rights violation!

Santa Claus coming to America

Or shall I say the wise men from the East coming to visit America and bringing gifts for the baby? Hu Jintao is in America on a 4 day visit and a summit with Obama. And he does not come empty handed. In his wagons were loads of gold and silver, all ready to be dispensed to the hungry Americans. Several hundred millions have already been given and more to come, to the tune of billions, if America is willing to be a nice boy. Even before the visit there were threats and threats from the American elite, including Hillary Clinton. And the stupid woman still rabbled about human rights in China and that the Chinese must change their social and political system to suit the Americans. Why should the President of another country go to the US to listen to someone complaining about his domestic affairs and how to run his own house? Maybe China should do more homework and insist on talking to the Americans about compensation to the Red Indians and the descendants of former slaves. Actually, there is no need for China to indulge in the same gossips as a housewife. Go to the White and talk politics, about bread and butter and guns. If the Americans insist on talking about human rights and all that nonsense, just pack up and go home. No need to waste more time on unproductive and destructive distractions. The important issues are economics and how to give the people of both countries a better life. The gangsters and the Al Capones can go on and talk to whoever they want about gangland warfare. China should rise above the occasion and avoid being dragged into gangsterism. Santa Claus does not have to pour out his bag of goodies if the children misbehaved.

Low TFR, foreign talent help needed

Our Total Fertility Rate has sank to a historical low of 1.16 last year. This is way below the replacement level of 2.1. We need help and foreign talents are needed in this area. Yes foreign talents will increase our population to sustain our economic growth and also improve our gene pool. What is the problem with our men, or our women? Is it their problem or is it the social cost that is too punitive for them to reproduce? If it is just biological, the problem can be solved much easily. If man is the problem, set up a sperm bank, get the virile men, local and foreign also can, and start inseminating our women. If woman is the problem, maybe a little tweaking in our laws may help. Allowing the men to have more wives would solve a lot of social problems, including single old maids. SDU would not have to work that hard. Allowing men to have more than one wife due to infertility problem has historical and cultural precedents. Our Muslim comrades have understood this problem since time immemorial and the religion has a provision for it. If the problem is social and financial cost, then the problem needs to be addressed at the national level. If young couples find it prohibitive to raise children, whose fault is it? Many young couples are thinking people and know how costly it is to raise kids in this high cost hot house. How about the govt taking over the role of bringing up kids, only the financing part? The last Parliament there were talks of govt taking over the care of children from parents who could not afford to bring them up properly. So why not take this further and make it a national service by the govt? I am very sure productivity will go up so high that the govt will have to put in stops to prevent couples producing too many children. It is all about being able to pay for the upbringing up children, Watson! No need to think too hard. The young couples have thought through the whole process and understood what it cost. And for being thoughtful and responsible, they are punished for not producing. And the thinkers and planners are still lost as to why they don’t produce. On the contrary, the irresponsible and unthinking will keep on reproducing and the govt has fallen into the trap of raising their children for them. Come on, do the simple thing. No need to covet for foreign talents and their bodies. Just provide the finances, and of course all the rulings about how many children will be supported, and the children will come. No need to kpkb everyday that our TFR is going lower. Stare at the problem. Don’t look away, don’t look outside our borders. This is the same attitude as in bringing in foreign talents to replace our healthy, well educated local talents.

It’s a big gamble

Goh Eng Yeow wrote an article about Bold Ambition and Big Gamble in the ST last week. SGX is taking a big gamble to turn itself into a New York or London in the finance industry. It is pulling all the stops, all the strings, putting money where it is to bring in the giants, the big funds and their big machines, high speed computers, to turn SGX into a world class bourse. In his comment he said, ‘The SGX has wagered a lot of time and money with no guarantee it will pay off.’ He concludes by saying that ‘the greatest irony of the SGX approach: For all its initiatives and innovations, the fate of its ambitious strategy now rests with the aussie politicians.’ Another irony that I may add is that the aspiration also rests on the small pool of small investors waiting to be eaten up by the big funds and their mean machines. The question I like to ask is whether Singapore has a big enough base of investors, with the dough, to be a world class stock exchange? Or does a world class stock exchange need a pool of small investors or just the big funds and their machines will do the trick? Another question of moral responsibility. In the madness to be big, are there considerations and systems put in the protect the small investors. Or the small investors are just collateral damages for the goal of being big for the sake of being big?

The Crooks accusing a Whistle Blower

A Swiss whistleblower, Rudolf Elmer, will be charged in the Swiss court for breaking Swiss banking secrecy laws. Rudolf will be turning his compilation of bank data showing money laundering and tax evasion to WikiLeaks. The data is proof of the banks misdeeds and those of its officials and their customers. Rudolf was the COO of Julius Baer bank in the Cayman Islands but was fired for stealing the information. This is what he said. ‘The one thing on which I am absolutely clear is that the banks know…that money is being secreted away for tax evasion purposes, and other things such as money laundering.’ The bank’s reply is that Rudolf’s aim was ‘to discredit Julies Baer as well as clients’ by spreading “baseless accusations” and passing on “unlawfully acquired” documents to the media and WikiLeaks.’ If Rudolf is speaking the truth, then we have a bunch of criminals suing an innocent man. Accepted technically that he breached the banking laws, but what if the laws were abused by the banks? Would that absolve Rudolf of his crimes? The second part is that the bank has taken the position that Rudolf is lying and falsifying documents. The bank has thus taken a stand and can be hanged for it if it is found to be telling lies instead. The other frightening thing is that states could pass anything as laws, in this case banking secrecy acts, so that they can do criminal and immoral things. And breaking the laws becomes a crime. How neat. It is an open secret that many criminals and robbers parked their money in Switzerland and are protected by these laws. Who should be hanged then? When laws are for wrongful purposes, then the laws are a crime in itself.

Perfect solution to the stock market farce

Asian stock markets are being coerced to cut down their lunch breaks, and better, no lunch breaks to increase their productivity and facilitate cross border trades. The latest victim is Hongkong halving its lunch break from 2 hours to one hours. Tokyo too will have its lunch break cut. Singapore is contemplating of doing away with the lunch break completely, which is likely to happen on 1 March. One of the solid reasons given is to reduce the advantage/disadvantage of differences in trading hours. By doing away with lunch breaks and to extend the trading hours, stock exchanges will now operate with at least similar trading hours or overlapping hours. That will ease off a lot of the disadvantages. To me this is a little foolish. As long as the stock markets across the world are operating at different hours because of the different time zones, no amount of time adjustment or no lunch breaks can be of any great help. The advantage is minimal but the price paid by the stockbrokers is not small. There is a perfect solution to all the farce about different trading hours and trying to bring them as close as possible. Actually there are two answers. One is to operate stock markets on a 24 hour basis. The second is to use Greenwich Time and all stock markets shall operate at the same hours. See, all the farce will go away. Stupid problems need to be solved by stupid solutions. Red herring problems can be solved by applying twisted logics.

We need more cooling measures

The latest bout of cooling measures to curb property prices is touted as a very well thought out plan. The previous three measures thus must be not too well thought out. And if this one does not work out, the next betterer thought out plan will be rolled out. Curbing high property prices is not the only area that needs cooling measures. We need cooling measures for COE prices, university tuition fees and of course medical fees. There were some hints of curbing high legal fees in the private sector. That is also an area that many cannot afford to pay to the top legal eagles. They are so good that they could even demand an arm or a leg from their clients. And affordability is never an issue. So far the only real cooling measure that works is the salary of workers. Real cool man.