All the good signs

The economy grew by a record 15.7%. What a miraculous number and what an exceptional govt to achieve such a high rate of growth in a world hit by financial crisis and natural disasters. Time to reward everyone for a job well done. All civil servants and politicians will receive pay rise, performance bonuses and GDP bonuses to the tune of 10 or 17 months of bonuses on top of the basic salary, the 1 mth AWS and the 3 months of variable bonuses. Please correct me if I am wrong. Roughly it is about there, and everyone will be happy happy. The people will also not be left out. Everyone will get something, at least $800 plus whatever savings from taxes, and top ups. And the opposition parties are in the mud ring wrestling and trying to get out to be ready for battle in the coming GE. And let’s not forget the most important man in the country, the President. He too must be rewarded for doing such a fine job, shouldering such a heavy responsibility and still having to look happy and make visitors to the Istana ground feel happy. Of all the good signs, this is the most telling. For some may claim that it is audacity beyond words for the govt to pay the President $4m a year plus all the perks, and almost a $1m pay rise. Such arrogance could be negatively received by the electorate. But looking at it from another angle, it is a sure sign of confidence. The govt knows the ground well and that the people will still give the ruling party a resounding victory in the next GE. They would not dare to risk winning a GE by making this kind of payment if they think it will not go down well with the people. The govt is always right and they must have done their sums well and knowing that all is well. The next GE will be another clean sweep. There will be no meltdown whereby the opposition will do a clean sweep. The budget, pay hike and big bonuses will not be the swan song.

All the bad signs

Japan is into the second week of the tsunami disaster and nuclear plant meltdown. The situation is grave but how grave? There were reports and reports and updates and updates. The Japanese on the ground are feeling uneasy. Many are openly questioning the reports coming out from their govt. What is the situation today? Last night I heard Naoto Kan saying that he would be visiting the site next week. This is the first time a senior govt official is talking about a visit to the disaster site. What does it say? For one whole week, with all the assurances that the nuclear fallout is still safe, no govt officials dare to visit the actual site of the disaster. Maybe I am wrong and they did visit the site but not reported. And the victims were accusing the govt of neglect and leaving them to die. Japan is a super efficient govt. Not just talk only. They have proven it in many ways. Why are the aids not reaching the stricken people after so many days? Bad transportation, bad coordination, bad weather, not enough helpers? None of these is valid. The Japanese are the best equipped and best organised. Even in India and China, helicopters will be flying around to drop aids to the victims. Maybe all the helicopters are used in dropping water on the nuclear plants. Is the situation that bad that it is better to leave the affected people on their own, to die as the victims are claiming? Could it be that these people are like lepers, already hit by radio activity and better to leave them there than to risk good people going after bad people? The Americans are helping, but no troops on the ground. They are keeping at a safe distance of 80 km. What does this tell? Is there a message saying nothing nearer than 80 km is safe? Then the exodus of foreigners and those who are able to do so. Embassies and MNCs are telling their staff to get out of Tokyo. Another bad indicator that there is more to it than meets the eyes. Finally, yesterday the threat level using the International Nuclear and Radioactivity Event Scale (INES) was raised from 4 to 5 with 7 as the highest. And the cooling of the 6 nuclear reactors are still work in progress, with one leaking water as fast as water being pumped in, and some still in threatening state. The signs are bad and saying a lot of bad things that were not reported. A sure sign of things are getting better is to see govt officials and the Americans on the ground itself. The UN nuclear envoy also avoided visiting the site. And there is no surge of volunteers rushing to save the victims by the highly nationalistic Japanese and their samurai spirit. Obviously things are bad. How bad?

A worst case scenario

What if a sudden explosion or discharge of radioactive clouds from one of the reactors and raising radioactive particles to a dangerous level? Fukushima prefecture no longer habitable and the govt order an immediate evacuation from the area. Radioactive clouds are blown towards Tokyo and a similar evacuation order is made. Can you imagine Fukushima prefecture will be abandoned and left barren for years to come? Can you imagine an evacuation of Tokyo! Just pray the Japanese is able to control the situation and prevent it from becoming a crisis of such a magnitude.

Cover ups rife in Japan nuclear industry

This is the heading of an AP article about the cover-ups in Japan’s nuclear industry. The Japanese are angry and no longer believe what they were told, especially of the current nuclear meltdown. Kei Sugaoka, a former nuclear engineer said, ‘There’s not enough transparency in the industry.’ AP wrote, ‘In 1989, he received an order that horrified him: Edit out footage showing cracks in plant steam pipes in video to be submitted to regulators.’ The cover-ups of Japan’s nuclear industry went back to the early days of the 1970s when the plants in Fukushima were built. According to some reports that were in the media, some GE engineers resigned because of fear that the plants were unsafe as they were built to withstand only quakes up to 7 in the Richter Scale. There were reports that subsequently this was rectified. How much was the truth and how much were cover-ups no body really knows. The Japanese people are feeling the brunt of this fiasco.” ‘I can’t believe them,’ said Taketo Kuga, a cab driver in Tokyo, where low levels of radiation were observed on Tuesday.” What about the foreign communities? They voted not to believe all the reports that the radiation level is low and safe by leaving Japan, particularly Tokyo. There is an exodus going on with foreign companies and embassies ordering their people to leave. The honesty and integrity of the Japanese govt are taking a whacking for sure.

Why the President’s salary is pegged higher

This is a reply from Chen Hwai Liang, Press Secretary to the Prime Minister in the ST forum page. I am wondering why is it a letter in the forum page and not an official statement, say in the front page of the ST. The kpkb in cyberspace about the more than 20% increase in the President’s salary must be making people uncomfortable. So here is the official explanation. The salary is pegged to the private sector benchmarks. ‘The principle and benchmarks have been extensively debated in Parliament, most recently in 2007.’ He forgot to add that this was also approved by Parliament. Who and how many MPs voted in favour of this formula? Let me guess, 82 for and 2 against? I am not sure, forgotten already. The vote in favour was almost unanimous. Do the citizens agree with it? Sorry the latter is a non issue since the people voted the MPs as their representatives in Parliament and are indirectly saying that the MPs represented them and voted on their behalf. The other reasons given by Chen Hwai Liang, ‘The President occupies the highest office in Singapore. He exercises custodial powers to protect our past reserves and over the appointment of key public officers to protect the integrity of the public service. As head of state, he represents the country and advances our interests internationally. This is why it is appropriate to peg the President’s salary higher than ministers’ and just above the Prime Minister’s.’ I think the first sentence should be sufficient. It is the highest office in Singapore. Period. But the explanation added that the President’s job carries a higher responsibility, though the ministers may be running their ministries and their thousands of staff. The people may agree or disagree, but this is the official position. Now that the people understand the rationale, let’s move on.

Quotes from Japan after the tsunami

‘What the hell is going on?’ PM Naoto Kan ‘This govt is useless’ Masako Kitajima, Tokyo office worker. ‘I’m not sure if what they’re saying is true or not, and that makes me nervous. I want to know why they won’t provide answers. Tokyo resident Tetsu Ichiura.

Nuclear energy – expert opinion

If a govt is exploring plans to build a nuclear plant and engages nuclear experts to provide expertise advice, what would be the likely recommendations? If the experts say, no go. Finish, his job ends there. If the recommendation is that it is ok, nuclear energy is the way to go, all precautions can be taken to reduce risk to zero, ha, his expertise will be needed much longer, at least till the completion of the nuclear plant and possibly longer. Now, why would a nuclear expert tell a govt that nuclear energy is too dangerous and too high a risk to take and to risk his usefulness, and his paycheck? Many experts will say, don’t worry, there are risks, but manageable. We have the technology, the knowledge and the knowhow to make sure that it is safe. Go ahead and have your cake and eat it as well. And such soothing and confident words are what many govts would want to hear and will feel very assured. I read in the paper that some countries in Europe are putting on hold their nuclear ambition. I also read this comment from a third world leader, ‘Our reactors will be third generation and they will be able to withstand even the most powerful earthquake.,’ Bangladesh Atomic energy Commission chairman Farid Uddin Ahmed told AFP. He must be rightly advised by the experts and believed everything they said. I believe when the Japanese built their nuclear plants in Fukushima, they must also have been told that the biggest earthquake will not shake the nuclear plants. Absolutely safe! Fear not. Whatever sophisticated and bestest technology and equipment, there must be accompanied by the bestest talents and workforce to operate them. Third world mentality, third world attitude, third world ability, third grade work force, are themselves the greatest risk to a potential nuclear disaster. Just like buying sophisticated military aircraft, without the skill technicians to maintain them, without the skill pilots to fly them, they will all ended up grounded. In a nuclear plant, the ending is tragedy of mass termination.

Trading madness or irresponsibility?

Matthew Lynn, a Bloomberg News columnist, wrote an article in the Today paper about high speed trading to the fine tune of picoseconds, just to take advantage of the next guy who does not have technology as an aid. Now what is a picosecond? This is Matthew’s definition, ‘a picosecond is one trillionth of a second, or …a picosecond is to one second what one second is to 31,700 years.’ This is the direction the stock market trading is heading to. Hey, wait a minute, what is a stock market, a jackpot machine, a casino or a game of chance? ‘A stock market has two core functions. It exists for companies to raise capital needed to invest in their business. And it should help ordinary people to make a decent return on their savings by investing in those enterprises.’ I quote Matthew. And this is nothing new. Why are the regulators allowing themselves to be led by the nose by the big funds to change the nature of stock trading from investment to one of pure gambling, by odds and speed? Mathew added that ‘at a certain point, you have to step back and ask whether this is a road we really want to go down, and whether it performs any useful function.’ He concluded by saying that ‘The stock exchanges should call a halt – and tell the traders that if they only want to hold their investments for a picoseconds, they might be better off going somewhere else. Like a racetrack.’ I would like to add that it is highly irresponsible for stock exchanges to allow this to happen as it not only gives the hedge fund an unfair advantage over other traders, which is a fundamental principle it must uphold, such trading methodology will eventually lead to the destruction of the stock market itself. High speed trading and many other variable methodologies are undermining all the cardinal principles of stock markets, eg churning, creating a false market, uneven playing field, buying and selling without change of ownership etc etc. The rot has started and its natural ending is the demise of the stockbroking industry if this deceptive trend is not stopped.

Relying on cheap labour unsustainable

Eureka! Eureka! Singapore has finally discovered that relying on cheap foreign labour for economic growth is unsustainable. The govt is now advising the companies to change their business model to raise real productivity instead of just employing more and more cheap labour. The govt is doing the thinking again, to help the unthinking Singaporeans, this time to increase their productivity by other means. This is good news or bad news? If companies are not going to import more foreign workers, will it affect our economic growth? What about the businesses that are dependent on foreign workers, like those in Geylang? I think it will also affect property prices and rentals. Maybe not. I don’t think the spending power of cheap labour really help much to generate economic activities and growth. The only businesses they provide, other than in Geylang, will be public transport and loitering in the casinos and all the public parks. They would also provide more jobs for themselves as cleaners, to clean up the litters they left behind. If lesser cheap workers are imported, the casino operators will be most happy, the local commuters will also be happy. Not sure if the public transport providers will be happy as the trains and buses will be less crowded and their revenue will be affected. Singaporeans and Singaporean businesses will have to make adjustment to live with the presence of lesser cheap foreign workers.

A Japanese lesson

By the time the last head is counted, there could be tens of thousands of Japanese dead after the one in a century 9 on the Richter scale earthquake. The flooding water that rushed to the shore and inland, flooding everything in sight was 10m high. Yet, the Japanese were calm, stoic, as if it was just part and parcel of living in Japan. No panic, no kpkb, no screaming and crocodile tears. They put up a brave front despite the destruction and loss of life. Coming home to Singapore, you should look at the faces of the lucky Singaporeans who escaped death while holidaying in Japan or missing a connecting flight to America. There were grief, fear, and some were sobbing. What a frightening experience and a narrow escape from death. Come nearer to Orchard Road, we had the once in 50 years flood of 2 feet deep water. What a disaster! What a comic disaster. It was just an afternoon monsoon rain that could help to clear the longkangs of the debris that needed a strong flushing. Boo, boo, boo, crying all round and blaming everyone and the govt for not preventing a flash flood caused by two hours of tropical rain. Singaporeans must grow up, learn to take disasters in their stride. The two feet of flood in Orchard Road should be time for a little fun in the rain. Throw some soap powder into it and have a free foam party. Enjoy and have fun the next time when it floods. No need to kpkb on spilling a glass of water. Learn from the Japanese. The next campaign for nation building, clap and have fun in Orchard Road when it floods. Enjoy the blessing of water from the sky. Take a bath or have a party. There are worst calamities than a little flood. And for those who are hell bent to have a nuclear plant here, because no choice, too many people and oil too expensive, the Japanese lesson will help them build a better nuclear plant that will never fail. If the local super talents here are not good enough, the foreign talents will swarm here to say aye aye, they can build one for us and guarantee it will never fail. They will not live long enough to see it fail for sure. By then they would have taken the money and gone.

The 4th Dimension

A clash of life forces at the frontier of two dimensions.

Need for a major restructuring of the workforce

Singaporeans should be grateful that 106,600 PMET jobs are being taken up by the Filipinos. This is the same as the thousands of construction workers and maids doing jobs that Singaporeans did not want to do. What Singaporeans should do is to retrain themselves for higher paying jobs. Not retraining PMETs to do lower level jobs. If this is the case, then someone’s ass need to be kicked. There are plenty of high paying jobs in Singapore that Singaporeans should aspire to do. Those jobs that Singaporeans are no longer competitive, should go to foreign talents. We should welcome the Filipinos and the rest to be our PMETs. Singaporeans can then seek jobs that these foreign talents cannot do and pay better. I am looking at Members of Parliaments, mayors, town council chiefs, President, or other political jobs. These are high paying jobs that Singaporeans should aspire to do. There may not be that many now but more can be created. We can have more MPs, more mayors, vice mayors, PMs, dep PMs, asst dep PMs, Presidents, Vice Presidents, and even Senior Presidents, or executive Presidents etc etc. And of course there are plenty of directors to be appointed in public and private companies. Singaporeans are barking at the wrong tree to fight with cheaper foreign talents to be PMETs. There are better and higher paying jobs waiting for Singaporeans in govt and in politics.

Japan caught sleeping

The nuclear meltdown may happen. All systems failed. Human error compounded by a huge earthquake. Did they plan for such a day? They must have. The construction of a nuclear power station must have taken into account all the possibilities of a meltdown and to prevent it from happening. It happened. But what was disappointing is that the 8.9 Richter scale quake did not lead to an immediate evacuation of coastal villages and towns. If it did, it was too slow. The Japanese have been preparing for such eventualities all their lives. They have tsunami drills regularly, more regular than conducting war games with the Americans. How could so many lives be swept away if there was a tsunami warning and evacuation of the coastal people? Caught sleeping? If it is a once in 50 years act of God, maybe excusable. But earthquakes and tsunamis are part and parcel of the Japanese life and they are very well prepared and equipped to deal with them. Japan caught sleeping. The world expects the Japanese to do much better in preventing such disasters. They are very meticulous and systematic people. They have failed their own people this time.

106,600 PMET jobs for Filipinos

This is how successful we are in job creation. And if you add the others, we could have created at least half a million PMET jobs for all the foreign talents here. It is indeed a great feat and something to crow about. It is also a great feat that so many ex PMETs are now driving taxis or becoming agents or self employed, and struggling to make a living. Yes, we are an all inclusive country, including all foreigners as well. For those Singaporean PMETs who are still left in the lurch, it must be their own inept, that they could not compete with the foreign talents. Serve them right. And if they have a big mortgage to service and growing children that need to support, it must be their bad karma. I do try to believe that it is all the faults of these ex PMETs for their own failures. Somehow I also have this niggering feeling that something is not right. Maybe 10%, statistically never wrong, to presume that there will be some that deserved to be in the shit hole. For the rest, I believe they are true Singaporeans at heart and are hard working and will be the ideal employees like all Singaporeans are, work and work and work. It is sad that so many of our own PMETs have ended up in such a dire strait, and many in the prime of their lives. The option is to be retrained as service workers, and their valuable training, experience and expertise be dumped into the longkangs. There is no need for their skills as they can be replaced by cheaper and hungrier foreign talents. Is there anything wrong about this state of affair?

Today we plan for economic growth

Our economic growth is the envy of many countries. We took pride in our economic growth and place all our bets on it. Economic growth, growing the economic pie, is the answer to all our social problems. And the key to our economic growth is economic activity, and the basic ingredient is human beans. The more human beans there are, the more economic activities can be generated and all the numbers added up to a lovely piece of cake, a bigger cake for all. The formula is simple. More human beans, more work, more productivity, more revenue, more activities, more needs, and more of everything. There is more creation of wealth, more consumption, more expenditure, more demands which will create more and more demands of other supporting and service activities. Today we plan for growth. Tomorrow this growth will dictate how the economy will run and all the other human activities. More people mean more food, housing, transportation, jobs, services and space. We can build up and build down. We can share the piece of rock with more people and more people. There will be higher demand for food, water and electric power. So more facilities will be built to store water and generate power. The nuclear option will not be an option but a necessity. There is no way out. The nuclear disaster that is awaiting to blow up in Japan must be food for thought for many who think it is a logical road to take. Our economic growth and growing population and needs for power will push us down this road. Japan, with probably the most efficient and trained workforce, is now staring at a human disaster they think will not happen. It happened. They are trying to play it down. People from a radius of 20km were evacuated. If we have a nuclear plant on our shore, 20km radius means the sea. No where to evacuate, no where to run. And the beautiful architectural feat of high rise buildings, the new Towers of Babel, are massive disasters and tragedies waiting to happen. They are death traps. So are the massive underground living space. No, we don’t have to face an earthquake or a tsunami. The worst we could get was a little tremor from a distant quake far away. And the water level, if there is, will be a knee deep flood in Orchard Road. We are blessed with no dramatic natural disaster, yet. We cannot escape from human error and human created disasters. With so many people packed tightly together, even a full loaded sardine packed train can take several hundred out at one go. A high rise collapse can be more destructive. Our planning for economic growth today could be our planning for a major disaster tomorrow. If the Japanese can foul up a top security nuclear plant with all the safety measures, the lesser beans of this region better restrain their ego trips and don’t think they can do better than the Japanese.

A vote for Greed

Greed is good. And that is coming out quite freely from all the successful people. There is no denying the fact that our prosperity has been driven by the power of Greed. Greed is the greatest motivating force that transformed what we were to what we are today. Greed is now the prevailing culture in this great and affluent city. Anyone who does not subscribe to the goodness of Greed or condemns Greed is condemning themselves to mediocrity. Greed has brought the best out of our super talents in all fields. Through Greed, they have reached the peak of their fields of expertise and are among the best in the world, with many excelling and becoming the bestest of the best, or at least in the income that they can command. The highest paid professionals in several fields are Singaporeans. We can boast of the highest paid President, PM, ministers etc etc and surgeons and lawyers. In other words, Greed has propelled our citizens to the top of their profession. The belief that goodness, ethics, morality, sacrifices, selflessness, are virtues is only meant for the losers or the idealists. The pragmatic and talented know that these are useless values only to be taught to children. They have no time for such idealism. They are busy making themselves worthy and reaping the reward of Greed. Because they are so good, they can demand any price they wanted. A dying man needing some expert to save his life will have to take the price. And asking a million a day is reasonable in a life and death situation. The more professional one may go one step further and ask the victim if he has the money to pay before proceeding to save him. Check the affordability of the victim first. In a highly competitive world, Greed is nothing to be ashamed of, and is doing us well, to compete and be the best in our pursuit for excellence. The culture of Greed pervades every level of our society and is being practised zealously to a fine art. And the epitome of Greed is not the contribution but how much one is able to ask to be paid. Some may do very little and being paid a ransom. That is the ultimate art of Greed at the highest level. It is time to vote for Greed. Give a resounding vote of confidence that Greed is Good. No kidding.

$4,267,500 for the President

Up from $3,376,800, the President's pay is now $4,267,500. And the govt announced this in Parliament and believing that it will go down well with the people, or the people will quietly accept it. I am not sure if this is arrogance or what? Maybe the govt knows that the people will accept everything as long as it is passed in Parliament. It happened. What can you do about it? One thing the people can do, clap, clap and say the President deserves it. It is peanuts really, compared to the medical bill a good surgeon can charge. It is peanuts really, as it cost less than $1 from every resident in the island of more than 5m people. Cheap, cheap.

How stupid can one get?

I was reading the papers today about the cruel beating and harsh regime administered to two brothers age 9 and 11 under the care of a taskmaster. The boys were caned till they bled for dozing off while studying. They had to wake up at 4.30am to study and slept at 11pm. The parents thought that the taskmaster could discipline the boys and probably improve their grades. The harsh regime is common in China, and with a little trace of the sadism in a book praising Tiger mums. Beat them into shape. It is for their own good. The more you beat them, the better they will turn out. And many silly ‘masters’ employed such methods on their students. The notables who went through such regimes are Jackie Chan, Samo Hung and their peers. Many were maimed for life. Still many silly parents allowed their children to be cruelly beaten for their own good. How stupid can people be to perpetuate such barbaric behavior on the young? And there are adults who still think beating and cruelty are good to shape up children. I would recommend caning for the taskmaster and the parents. I thought such mentality only can be found in the rural areas among illiterate and ignorant farmers. ‘The 45 year old electronics scientist was sentenced to six months’ jail…’ ST. Poor boys.

A new national problem

Worrying about the jobless yodas. Our oldies are going jobless, unemployed, unemployable. Serious problem! We need to find jobs for them. We need to restructure jobs, amend legislations, to let all the old fools to continue working, till they drop dead on their jobs. What is happening? What have happened to the happily retired and living on a nest of life long savings? We are and were a nation of big savers. We save more than anyone else. What have happened to our savings? Why must oldies keep on working to earn some money to live on? Crazy thought. What have gone wrong to our great retirement schemes and plans? What happens to the golden years, to see the world, to enjoy the grandchildren, to be happily retired, lying on a rocking chair and reading a book or watching the sunset? Now it is like a big crisis to have all the oldies hanging around, jobless! They must have jobs, they must be working, so say all of us. No more golden years? Soon golden age will also be passé.

Message from Parliament

We need more foreign talents. And we need more foreign talents. We have more than 5 million bodies in this piece of rock. And we need more foreign talents. When we are at 6 million, we still need foreign talents. When we are at 10 million, we still need foreign talents. When we are at 20 million, we will still need foreign talents. We need the bodies to ensure economic growth. Our economic growth is vital to our survival. Without economic growth, we will be history. And our economic growth depends on bodies. We need bodies to fill up our trains and buses. We need to fill them to the brim or else it is inefficiency and unprofitable. We need bodies to fill up our shopping centres and food courts. If not, business will be bad and rentals will fall. We need more bodies to fill up the factories and offices, or rentals will fall too. We need more foreign talents. We need more bodies to buy up all the properties, housing or commercial, or else prices will fall. And when all the properties are bought, we need to build more to generate more economic growth, and we need more bodies, and we need more foreign talents. And our roads must also be filled with cars or else it will be a waste of resources. A jammed pack road system is a sign of prosperity and high economic activity. Also good for COEs and ERPs. Our world class hospitals need to be filled. Can’t imagine if they are half empty or 70% filled. We need more bodies to fill them, from staffing to patients. Every head counts for economic growth. For the sake of economic growth and efficiency, we need to keep growing our population. And since the locals are not reproducing enough, we need to bring in more foreign talents. Don’t worry, economic growth is everything and it will not stop. We will keep growing, and keep needing foreign talents, and more bodies.