When something that is reasonable becomes ridiculous, or when something that is reasonable becomes so reckless. I chanced upon an old CNA report interviewing Chok Tong on the unhappiness over foreigners buying properties and driving up the prices. The quote is below.
‘Another radical suggestion put forward was to bar foreigners from buying private property but SM Goh noted developers would just build more high-rise private apartments to counter it.
"At the moment, our policy will be, condominium, private sector. They want to buy, let them buy because they actually bring in money for Singapore. They may not actually stay there but they bring in money.
"They buy from locals, locals are happy to get the money but it's not actually adding to space. In fact, that's actually ideal. They buy here, they don't drive cars, they don't live here, we just get their money! They're buying air!" laughed SM Goh.’
Actually Chok Tong got a point. If the foreigners are willing to bring in good money to buy air, why not? Our developers will be very happy and Singaporeans too will be very happy if they can sell their HDB flats to them as well. Now what is the cause of this happy problem?
The cause is so stupid and the solution so simple. Just build more and make sure citizens can buy their flats and at a really affordable price. And if citizens can then sell to foreigners, and buy again from HDB, citizens happy, foreigners happy, govt also happy. Every transaction will bring extra revenue to the govt in terms of stamp duties. The lawyers will be happy with the conveyancing fee, the designers and renovator will also be happy with more works. The buying and selling will find its own equilibrium when demand and supply balances out. Then buying and selling will slow down under the same economic and market forces.
See, it only needs a joker to stop building and want to earn as much from the citizens as possible and the happy formula failed. Make from foreigners not enough, still want to squeeze every penny from the citizens and refuse to build to exaggerate the supply and demand tension to justify higher prices to charge the citizens.
Why don’t the govt just liberalise the sale of all properties to foreigners(with higher stamp duties and some conditions, esp landed) and they only need to ensure that all citizens will get their public flats at citizen prices. A new status quo will be reached when the supply is there for the citizens(with limits on how many they can buy) and the demand by foreigners will also be limited by this supply. But make sure don’t anyhow give citizenship to every foreigner to buy public flats from HDB at citizen price. Let them be PRs and pay PR price and non citizen price.
The whole shit boils down to citizens not being able to buy affordably priced flats. If this is catered for, who cares if non citizens want to buy what and how high private property prices can go? Give the people a roof and the kpkb will end. But some sectors would want to protect the prices of their private properties and this could be why lesser public flats were being built. If only they care and make sure public flats are easily available to citizens, they could have the cake and eat it too, as long as the inflow of foreigners did not go crazy.
12/15/2011
12/14/2011
Another sign of the declining US influence
For more than 50 years, the Americans supported the Israelis in keeping the PLO out of the United Nation. The stupid Arab world meekly accepted that the Americans were their overlord and could not do anything about it. So, while Israel was assisted by the Americans and the western world to become a full nation, the plight of the Palestinians was nothing better than homeless beggars. Their fate laid in the hands of the deceitful champion of human rights, the Americans. And the Americans made sure that the PLO would stay that way forever other than some lip service to defend their rights of existence without a country.
Yesterday the PLO’s flag finally was raised at the UNESCO, a significant moment to recognize them as a nation of people by the UN. Of course the Americans and the Israelis were furious. It is understandable why the Israelis behaved that way. Now the Evil Empire revealed its true colour and removed all its disguises about supporting the cause of the Palestinians. They were angry that the PLO is now recognized as a state by the UN. They were angry that despite their string pulling and coercion against their crony states, the latter voted against the American’s dictate to keep the PLO out of the UN.
The countries of the rest of the world are standing up against the hypocrisies of the Americans. They are not going to be pushed around anymore by the Americans. They are going to support what is right, and in this case the PLO, to give it recognition as a member nation.
It is victory to the free world against the evil Empire. The Empire will find that it is no longer the trusted power. The deceit and deception have gone on for too long. Wither Pax Americana?
Yesterday the PLO’s flag finally was raised at the UNESCO, a significant moment to recognize them as a nation of people by the UN. Of course the Americans and the Israelis were furious. It is understandable why the Israelis behaved that way. Now the Evil Empire revealed its true colour and removed all its disguises about supporting the cause of the Palestinians. They were angry that the PLO is now recognized as a state by the UN. They were angry that despite their string pulling and coercion against their crony states, the latter voted against the American’s dictate to keep the PLO out of the UN.
The countries of the rest of the world are standing up against the hypocrisies of the Americans. They are not going to be pushed around anymore by the Americans. They are going to support what is right, and in this case the PLO, to give it recognition as a member nation.
It is victory to the free world against the evil Empire. The Empire will find that it is no longer the trusted power. The deceit and deception have gone on for too long. Wither Pax Americana?
Article from Musings from the Lion City
'Wednesday, December 14, 2011Stranger Than Fiction
So America flew a spy drone over Iran. So Iran bought the spy drone down. Now America…asked the Iranians to return the spy drone that was used to spy on them?
I thought this was a joke when I first read it but evidentially it’s true. President Obama himself said that the United States had asked Iran to give the downed American reconnaissance plane back.
Fact is truly stranger than fiction. The Iranians has rejected the request with its state media poking fun at the American’s expense. I agree with them.
What is God’s name made the American believed for a second the Iranians (and the rest of the world) won’t laugh their guts out upon hearing the request? Hell, I am.'
I actually wanted to write something but Musings from the Lion City has beat me to it. The American arrogance is funnily silly. But to the Americans and the west, it is not. They have the right to send spy planes inside people's country and the right to demand that it be returned if taken down. If not, this will be a justifiable excuse to attack Iran, not just imposed sanctions.
So is this anti American? : )
So America flew a spy drone over Iran. So Iran bought the spy drone down. Now America…asked the Iranians to return the spy drone that was used to spy on them?
I thought this was a joke when I first read it but evidentially it’s true. President Obama himself said that the United States had asked Iran to give the downed American reconnaissance plane back.
Fact is truly stranger than fiction. The Iranians has rejected the request with its state media poking fun at the American’s expense. I agree with them.
What is God’s name made the American believed for a second the Iranians (and the rest of the world) won’t laugh their guts out upon hearing the request? Hell, I am.'
I actually wanted to write something but Musings from the Lion City has beat me to it. The American arrogance is funnily silly. But to the Americans and the west, it is not. They have the right to send spy planes inside people's country and the right to demand that it be returned if taken down. If not, this will be a justifiable excuse to attack Iran, not just imposed sanctions.
So is this anti American? : )
The Emperor had measles
During the dying years of the Qing Dynasty, Dowager Qi Xi usurped the throne and was the de facto emperor. She placed little children as emperors and did not allow them to run the country the way they wanted. The emperors were allowed to happily spend their time in the brothels and surrounded by pretty women while the Dowager ran the Empire to protect her position.
One of the emperors had syphilis but the Imperial physicians would not dare say so and diagnosed it as measles, and treated it as measles. Of course the disease would take the emperor away in the course of time. The Empire continued for several more decades, appearing good but rotting and dying through neglect and mismanagement and the illusion that everything was just fine.
We used to have a healthy and vibrant stock market. Many people made money, some became billionaire and millionaires. The industry provided many jobs, good jobs with good incomes. Many still believe that the industry is healthy and looking pretty good.
My understanding is that the industry is suffering from financial syphilis. The open sores are there but no one wants to see them. So everyday is still a party. But the ugly truths cannot be hidden for long. Some broking houses have started to take remedial actions to cut operating costs. They need real incomes to support the operation, rental and payroll, operating costs etc etc must be paid in real money. With dwindling commission, the operation cannot go on like before.
The first sign of trouble would come when backroom staff is cut. Retrenchment is the best proof that the industry is blowing in the wind. Just wait for it to happen. Next to go with be the remisiers. If the remisiers cannot generate enough business to cover their operating cost, they too will walk out voluntarily. And this is not going to be the end. As the revenue from commission keeps evaporating into thin air, don’t believe in the fictitious volumes chalked up by the machines, the slide down will gather speed. Broking houses will do M&A for different reasons, down sizing and selling off whatever is left to other houses that still think they can continue to operate and make profits in a dying industry.
Every action will be taken to treat the sores. But no one would want to know anything about the syphilis and how to get rid of it, how to cut the gangrenous foot that is rotting away, how to put the patient through a regime of chemotherapy to kill the cancerous cells. As long as no one bothers, there is no problem really. Where got syphilis? Everything is just doing fine.
How many white rabbits can a magician pull from his little hat?
One of the emperors had syphilis but the Imperial physicians would not dare say so and diagnosed it as measles, and treated it as measles. Of course the disease would take the emperor away in the course of time. The Empire continued for several more decades, appearing good but rotting and dying through neglect and mismanagement and the illusion that everything was just fine.
We used to have a healthy and vibrant stock market. Many people made money, some became billionaire and millionaires. The industry provided many jobs, good jobs with good incomes. Many still believe that the industry is healthy and looking pretty good.
My understanding is that the industry is suffering from financial syphilis. The open sores are there but no one wants to see them. So everyday is still a party. But the ugly truths cannot be hidden for long. Some broking houses have started to take remedial actions to cut operating costs. They need real incomes to support the operation, rental and payroll, operating costs etc etc must be paid in real money. With dwindling commission, the operation cannot go on like before.
The first sign of trouble would come when backroom staff is cut. Retrenchment is the best proof that the industry is blowing in the wind. Just wait for it to happen. Next to go with be the remisiers. If the remisiers cannot generate enough business to cover their operating cost, they too will walk out voluntarily. And this is not going to be the end. As the revenue from commission keeps evaporating into thin air, don’t believe in the fictitious volumes chalked up by the machines, the slide down will gather speed. Broking houses will do M&A for different reasons, down sizing and selling off whatever is left to other houses that still think they can continue to operate and make profits in a dying industry.
Every action will be taken to treat the sores. But no one would want to know anything about the syphilis and how to get rid of it, how to cut the gangrenous foot that is rotting away, how to put the patient through a regime of chemotherapy to kill the cancerous cells. As long as no one bothers, there is no problem really. Where got syphilis? Everything is just doing fine.
How many white rabbits can a magician pull from his little hat?
More job opportunities for Singaporeans
Singaporeans that are losing their jobs to foreign talents need fear not. Singaporeans graduates having difficulties finding jobs, need fear not. I read today’s papers and am very encouraged by the news that jobs are plentiful for Singaporeans, in China. China needs a lot of foreign workers to feed its 9.1% rate of growth economy.
The Europeans are forming queues on the road to China. Employment agencies are getting requests by rich and wealthy Chinese for butlers and English butler associations are training more butlers for the Chinese markets.
Young graduates from Europe and America are also heading to China. China also needs a lot of school bus and taxi drivers. And the top job that is in great demand is English Language tutor. I am thinking of applying for it.
The problems faced by the European job applicants are tremendous, culture shock and language skills and unfamiliar with the Chinese way of life and customs. Singaporeans, particularly the Singaporean Chinese or Chinese Singaporeans, would have special advantage against the Europeans. They can easily blend in, smoothly, no need programmes to integrate like we do to our foreign workers.
Singaporean foreign workers going to China can integrate instantly, smoothly, to the Chinese society. Those employment agencies should quickly seize this opportunity to set up shops in China to provide them with true blue Singaporean foreign workers. Heard of reverse engineering? Now we are reversing the trend of employment. China’s foreign talent can come here to replace our local talents. Our displaced local talents can go to China to be foreign workers.
Fair exchange as their talents are more talented than ours. Our talents would be equivalent or good enough to be their foreign workers.
The Europeans are forming queues on the road to China. Employment agencies are getting requests by rich and wealthy Chinese for butlers and English butler associations are training more butlers for the Chinese markets.
Young graduates from Europe and America are also heading to China. China also needs a lot of school bus and taxi drivers. And the top job that is in great demand is English Language tutor. I am thinking of applying for it.
The problems faced by the European job applicants are tremendous, culture shock and language skills and unfamiliar with the Chinese way of life and customs. Singaporeans, particularly the Singaporean Chinese or Chinese Singaporeans, would have special advantage against the Europeans. They can easily blend in, smoothly, no need programmes to integrate like we do to our foreign workers.
Singaporean foreign workers going to China can integrate instantly, smoothly, to the Chinese society. Those employment agencies should quickly seize this opportunity to set up shops in China to provide them with true blue Singaporean foreign workers. Heard of reverse engineering? Now we are reversing the trend of employment. China’s foreign talent can come here to replace our local talents. Our displaced local talents can go to China to be foreign workers.
Fair exchange as their talents are more talented than ours. Our talents would be equivalent or good enough to be their foreign workers.
12/13/2011
Another decree from master
A forum letter to ST today by a Lee Kok Lin is another perfect example of a master servant relationship. Lee Kok Lin was flabbergasted by the notice put up at Singapore Pools outlets informing the punters that Singapore Pool will pay winnings to anyone who produces a winning ticket even if there is the name of another person with IC numbers on the back of the ticket.
What it simply means is that a winner cannot protect his winning by writing his name and IC on the ticket. Singapore Pool does not care if another person came with the ticket to claim the prize.
Is this acceptable or not? Or is this a responsible thing to do for a big organization like Singapore Pools? Who thinks this is reasonable?
What it simply means is that a winner cannot protect his winning by writing his name and IC on the ticket. Singapore Pool does not care if another person came with the ticket to claim the prize.
Is this acceptable or not? Or is this a responsible thing to do for a big organization like Singapore Pools? Who thinks this is reasonable?
Anti American Law Professor a Singaporean in US
Professor Tai Heng Cheng, ex police officer and a Law Professor in New York Law School, also author of an anti American book, ‘Shaping an Obama Doctrine of Preemptive Force’, is defending four Singaporeans accused by the Americans of cheating American company Digi International and sold radio parts to be made into IED. I got this info from John Harding’s blog.
While the Americans are applying for the four to be extradited to the US and they are under hand and leg cuffs like fearsome terrorists, Professor Tai or is it Professor Cheng, (He testified that the charge of conspiracy to defraud the US is not an extraditable offense under a treaty between the two countries.)
My God, could there be such a clause in the treaty that only a Law Professor from New York Law School, and a Singaporean some more, knew about and no one else? The Americans too appeared to be ignorant of this provision and wanted the four ‘terrorists’ to be extradited. It is very funny if what Professor Tai testified is true.
Makes me damn proud of him. And being anti American is not criminal in America. That is what true democracy is all about. They can even fxxx George Bush or Obama in their faces and it is freedom of expression.
Oh, a note of caution. When exporting hamburgers to Afghanistan or Iraq, make sure that the latest IEDs are not embedded inside a hamburger. Otherwise the Americans could brand you as terrorists and apply for your extradition for selling hamburgers to these countries. And you could end up handcuffed and legcuffed, looking very dangerous.
While the Americans are applying for the four to be extradited to the US and they are under hand and leg cuffs like fearsome terrorists, Professor Tai or is it Professor Cheng, (He testified that the charge of conspiracy to defraud the US is not an extraditable offense under a treaty between the two countries.)
My God, could there be such a clause in the treaty that only a Law Professor from New York Law School, and a Singaporean some more, knew about and no one else? The Americans too appeared to be ignorant of this provision and wanted the four ‘terrorists’ to be extradited. It is very funny if what Professor Tai testified is true.
Makes me damn proud of him. And being anti American is not criminal in America. That is what true democracy is all about. They can even fxxx George Bush or Obama in their faces and it is freedom of expression.
Oh, a note of caution. When exporting hamburgers to Afghanistan or Iraq, make sure that the latest IEDs are not embedded inside a hamburger. Otherwise the Americans could brand you as terrorists and apply for your extradition for selling hamburgers to these countries. And you could end up handcuffed and legcuffed, looking very dangerous.
Surrendering one’s right – part 2
My first part dealt with the right to live decently and respectfully in a home with sufficient breathing space, not in a dog’s kennel. Just because someone thinks that the average Singaporeans deserve only a space as big a dog’s kennel doesn’t mean that Singaporeans have to accept it. Vote in a govt that will give Singaporeans bigger and cheaper homes and cheaper car ownership. The servants must decide who they want to be their masters.
The related issue is that Singaporeans must not allowed a govt to dictate to them that it would build flats for them and only be ready in 3 to 4 years time. The govt must anticipate the demand and build ahead of demands with flats available at short notice, better over the counter, like selling luxury cars. If they can’t do a simple thing like this why pay them so much?
Please keep the crap excuse that the govt must not over build and landed with 10,000 or 20,000 units hanging in the air. That is stupidity. Decide how much supply is needed, and how many flats to be held as reasonable stock with a bit of give and take. It is a policy decision after weighing the opportunity cost. Million dollar super talents should be able to think and plan ahead and not be floored by a small problem like making housing available at short notice.
The arrogant policy of building only when there is sufficient firm demand is bull. F the bugger. Pure arrogance of the highest order. Only in a master servant relationship or a king subject relationship would such thinking be tolerated. 3 or 4 years wait is just too long. Unacceptable!
Secondly, every Singaporean must be entitled, yes entitled, to buy a public flat. If the govt refuses to let them buy, then what is the purpose of National Service, to defend what when one does not even have the right to buy a public flat and does not have a place to stay? Don’t give the crap that there is always the resale market or the private market.
As citizens, all must be treated equally in issues like basic housing. No citizen must be left out in an inclusive society. Maybe inclusive means something else. All citizens are one, and citizens of the country. The PRs are not citizens. If PRs can buy public flats (a citizen and a PR can form a family unit), why are citizens that pledged to defend this country deprived of this right? Ridiculous or not?
The related issue is that Singaporeans must not allowed a govt to dictate to them that it would build flats for them and only be ready in 3 to 4 years time. The govt must anticipate the demand and build ahead of demands with flats available at short notice, better over the counter, like selling luxury cars. If they can’t do a simple thing like this why pay them so much?
Please keep the crap excuse that the govt must not over build and landed with 10,000 or 20,000 units hanging in the air. That is stupidity. Decide how much supply is needed, and how many flats to be held as reasonable stock with a bit of give and take. It is a policy decision after weighing the opportunity cost. Million dollar super talents should be able to think and plan ahead and not be floored by a small problem like making housing available at short notice.
The arrogant policy of building only when there is sufficient firm demand is bull. F the bugger. Pure arrogance of the highest order. Only in a master servant relationship or a king subject relationship would such thinking be tolerated. 3 or 4 years wait is just too long. Unacceptable!
Secondly, every Singaporean must be entitled, yes entitled, to buy a public flat. If the govt refuses to let them buy, then what is the purpose of National Service, to defend what when one does not even have the right to buy a public flat and does not have a place to stay? Don’t give the crap that there is always the resale market or the private market.
As citizens, all must be treated equally in issues like basic housing. No citizen must be left out in an inclusive society. Maybe inclusive means something else. All citizens are one, and citizens of the country. The PRs are not citizens. If PRs can buy public flats (a citizen and a PR can form a family unit), why are citizens that pledged to defend this country deprived of this right? Ridiculous or not?
Foreigners can buy HDB shops
I just found this from the HDB website.
Q: 01 Are foreigners allowed to purchase HDB shops?
[ Commercial Tenants & Lessees > Managing Your Sold Shop ]
A: HDB has no objection to the purchase of the shops by foreigners who are above 21 years of age and are not an undischarged bankrupt.
Foreigners who want to speculate on Singapore properties can go and buy HDB shops. No need to buy residential flats.
Dunno got find prints and any other conditions? Or this is it?
Q: 01 Are foreigners allowed to purchase HDB shops?
[ Commercial Tenants & Lessees > Managing Your Sold Shop ]
A: HDB has no objection to the purchase of the shops by foreigners who are above 21 years of age and are not an undischarged bankrupt.
Foreigners who want to speculate on Singapore properties can go and buy HDB shops. No need to buy residential flats.
Dunno got find prints and any other conditions? Or this is it?
Justice – redbean hates America
I am just using this comment from blogger justice to start a discussion. Lately I have posted several articles that pointed out the faults and flaws of American involvements in Asian and African affairs. Some will find my views rather unconventional as they are completely against the norm, against what was reported in the main media and the western media. These media only have good things to say about the Americans and nothing else. Everything the Americans said and did must be right and good, and ethical, morally righteous.
Now what I am saying or writing are contrary to this belief or version of the truth. Unfortunately what I have written are factual and no one can dispute the facts as untruths or distorted truths. So the only position that they can take me out is that I am anti Americans. Is that so? It is like some doggies who would come here and failing to argue against my points, would attempt to attack me personally. They could not disagree with me as the doggie’s heads are empty of ideas, or they are here simply tasked to discredit me.
The comment by justice is slightly different. The adaptation of the nick justice is an indication that justice is important to him, right and wrong matters. But be careful, what is right to A is not necessarily right to B. I welcome all bloggers to disagree with my views and my facts, tell me my facts are wrong, that what I said did not happen. I will be proud of them. Put up strong and sensible arguments against my position, and this will make the discussion more interesting and enlightening, and educational.
Why are my views so difficult to accept to the WOGs? When one is fed with eggs and bacon every morning and hamburgers every meal, eating porridge and chicken rice is strange and difficult to accept. Probably they may think eating porridge is for poor peasants or eating chicken rice is just not the right thing to do.
For two centuries, the western media have ruled the world and fed the readers, western and eastern readers, with their sets of world views and western oriented ideas of righteousness. The world is seen from Europe and America, and what is good for Europe and America is good and vice versa. Their dominance over the rest of the world cannot be challenged and must stay that way. They even have the audacity to want to manage the rise of China or any country outside Europe and America. It is fair that the westerners accept that kind of world view and positioning.
Why should Afro Asians accept that kind of views? Are Afro Asians supposed to be ruled and led by the westerners, to be fed views and on how to think, to be made to think like westerners and in the interests of westerners? What is education all about? Would Asians and Africans start to think and see the world differently from the west and in their own interests? Would they dare to think differently from the west, from the western media, disagree with the distorted and one sided truths that are fed to them? Would they look at the west, what the Americans are doing and ask, are they doing the right thing, the good thing or the bad thing?
Would there be a revival of Afro Asian civilization, a renaissance of sort, when the Afro Asians could take positions in their own interest, or in the interest of justice and moral high grounds? Would they dare to challenge atrocious views that are obviously biased or distortion of truth? Or would they continue to be dominated by the west, even in their thinking, that everything west is good and right? It is not a matter of being anti west or anti Americans. It is a matter of being yourself, being confident of yourself and your world view. I used to tell some of the bloggers, when one is a student, one often quotes so and so say this and that. Those are learning phases, a time when our ideas are young and we need to learn from more mature and intellectual minds. As we grow older, and hopefully worldly wise, after seeing a life time of controversies and contradictions, it is time to form our own opinions about things and about what is right and wrong, what is good for us, what is not, and what is justice and what is treachery or high falutins.
My articles and views are not necessary right or agreeable to all. But one thing for sure, they are provocative and force one to think and disagree. That is what my blog is all about.
Now what I am saying or writing are contrary to this belief or version of the truth. Unfortunately what I have written are factual and no one can dispute the facts as untruths or distorted truths. So the only position that they can take me out is that I am anti Americans. Is that so? It is like some doggies who would come here and failing to argue against my points, would attempt to attack me personally. They could not disagree with me as the doggie’s heads are empty of ideas, or they are here simply tasked to discredit me.
The comment by justice is slightly different. The adaptation of the nick justice is an indication that justice is important to him, right and wrong matters. But be careful, what is right to A is not necessarily right to B. I welcome all bloggers to disagree with my views and my facts, tell me my facts are wrong, that what I said did not happen. I will be proud of them. Put up strong and sensible arguments against my position, and this will make the discussion more interesting and enlightening, and educational.
Why are my views so difficult to accept to the WOGs? When one is fed with eggs and bacon every morning and hamburgers every meal, eating porridge and chicken rice is strange and difficult to accept. Probably they may think eating porridge is for poor peasants or eating chicken rice is just not the right thing to do.
For two centuries, the western media have ruled the world and fed the readers, western and eastern readers, with their sets of world views and western oriented ideas of righteousness. The world is seen from Europe and America, and what is good for Europe and America is good and vice versa. Their dominance over the rest of the world cannot be challenged and must stay that way. They even have the audacity to want to manage the rise of China or any country outside Europe and America. It is fair that the westerners accept that kind of world view and positioning.
Why should Afro Asians accept that kind of views? Are Afro Asians supposed to be ruled and led by the westerners, to be fed views and on how to think, to be made to think like westerners and in the interests of westerners? What is education all about? Would Asians and Africans start to think and see the world differently from the west and in their own interests? Would they dare to think differently from the west, from the western media, disagree with the distorted and one sided truths that are fed to them? Would they look at the west, what the Americans are doing and ask, are they doing the right thing, the good thing or the bad thing?
Would there be a revival of Afro Asian civilization, a renaissance of sort, when the Afro Asians could take positions in their own interest, or in the interest of justice and moral high grounds? Would they dare to challenge atrocious views that are obviously biased or distortion of truth? Or would they continue to be dominated by the west, even in their thinking, that everything west is good and right? It is not a matter of being anti west or anti Americans. It is a matter of being yourself, being confident of yourself and your world view. I used to tell some of the bloggers, when one is a student, one often quotes so and so say this and that. Those are learning phases, a time when our ideas are young and we need to learn from more mature and intellectual minds. As we grow older, and hopefully worldly wise, after seeing a life time of controversies and contradictions, it is time to form our own opinions about things and about what is right and wrong, what is good for us, what is not, and what is justice and what is treachery or high falutins.
My articles and views are not necessary right or agreeable to all. But one thing for sure, they are provocative and force one to think and disagree. That is what my blog is all about.
Singaporeans should welcome the taxi fare hike
The result speaks for itself. The taxi fare hike has achieved the results that commuters wanted. All the complaints about no taxis, long queue and long wait for taxis is now over. Commuters need only pay a little more to get a taxi faster. Isn’t this what taxis are all about compare to taking buses and MRTs? The taxis provide a different level of service, more privacy, more comfort, faster and convenience. It is only right that commuters have to pay more.
And taxi drivers need to have their incomes raised given the high cost of operation and high cost of living. Let’s be fair to them. And now they need not have to work so hard, and longer to get the same or a bit more income.
Some drivers may complain of lower income yesterday. This will be pass as commuters get use to the higher fare. It is all psychology, nothing to worry about. To those who have to depend on taxis, it is an essential service and they have no choice, no matter how high is the fare, they will have to take taxis. There is a captive market for the taxi operators. And if the buses and MRT slacken and the services deteriorated, or if they put less trains/buses out or curtail their operating hours, the taxi drivers will find more commuters going back to them.
I still find it too cheap and not good enough. When I can snap a finger and a taxi will quickly coast in front of me, smiling and so courteous to pick me up, don’t mind paying higher fare, then I will start to take taxis. You pay the price for the quality of service. Higher price, better service mah. Now stop complaining, just pay.
And taxi drivers need to have their incomes raised given the high cost of operation and high cost of living. Let’s be fair to them. And now they need not have to work so hard, and longer to get the same or a bit more income.
Some drivers may complain of lower income yesterday. This will be pass as commuters get use to the higher fare. It is all psychology, nothing to worry about. To those who have to depend on taxis, it is an essential service and they have no choice, no matter how high is the fare, they will have to take taxis. There is a captive market for the taxi operators. And if the buses and MRT slacken and the services deteriorated, or if they put less trains/buses out or curtail their operating hours, the taxi drivers will find more commuters going back to them.
I still find it too cheap and not good enough. When I can snap a finger and a taxi will quickly coast in front of me, smiling and so courteous to pick me up, don’t mind paying higher fare, then I will start to take taxis. You pay the price for the quality of service. Higher price, better service mah. Now stop complaining, just pay.
12/12/2011
How much can Premium Outlet take from Orchard Road
The JB Premium Outlet selling branded goods has started with a big bang. Singaporeans as usual are visiting there to check the competition. When there is good bargain you can count on the Singaporeans to be there. I am quite pleasantly disposed to the competition given the cut throat business here. When everything is being charged a premium as if Singaporeans have no other alternatives, Premium Outlet is JB is most welcomed.
How much would it be able to snatch from Singapore, particularly from Orchard Road? The crème ala crème tai tais and the super rich would not be tempted by the inconvenience. But there is a section of the converts that are price sensitive and would not mind the hassle. The lesser the hassle, the greater will be this group. If Premium Outlet can take on 30% it will be good. This will force the rentals to go down or the shops to close down. And if they could take on 50%, then Orchard Road would not be the same again.
Why am I feeling good about this? But of course, the Malaysians have a lot of work cut out for them and they could easily unwind everything and all the goodwill and it will be back to square one.
How much would it be able to snatch from Singapore, particularly from Orchard Road? The crème ala crème tai tais and the super rich would not be tempted by the inconvenience. But there is a section of the converts that are price sensitive and would not mind the hassle. The lesser the hassle, the greater will be this group. If Premium Outlet can take on 30% it will be good. This will force the rentals to go down or the shops to close down. And if they could take on 50%, then Orchard Road would not be the same again.
Why am I feeling good about this? But of course, the Malaysians have a lot of work cut out for them and they could easily unwind everything and all the goodwill and it will be back to square one.
Myanmar, Asean’s success story
When the evil Empire persisted on tagging the evil badge on Myanmar and pressurizing Asean to boycott the Myanmese govt, Asean stood firm and insisted to do it its own way. Asean would engage Myanmar and seek changes through dialogue and diplomacy, not sanctions and threats of regime change. Myanmar was accepted into Asean whose economies and political systems were a far cry from the military dictatorship. In the process, Myanmar is creeping slowly towards the Asean way of doing business.
The visit of Hilary Clinton to Myanmar is the sign of success of the Asean way. Through its association with Asean, Myanmar is changing slowly but positively to engage the rest of the world. Without the optimism and willingness to accommodate Myanmar, and if Asean were to be coerced by the US and join the band of international gangsters, Myanmar could have remained isolated and going it alone. There would not be any visit of Hilary to talk about.
The way forward, the Asean way, is through patience and dialogue, not sabre rattling and threats or coercion that the evil Empire is used to. But this small achievement by Asean could quickly be forgotten if the Association blindly allows the US to assume the leadership of Asean and the region, and go on the war path through military alliances and threats of war.
Could the Asean leaders see their success, that the Asean way is the Way and not succumb to US pressure to take on a confrontational and belligerent path in inter state diplomacy in the region? Would the US go the Asean way or Asean go the Empire’s way?
The visit of Hilary Clinton to Myanmar is the sign of success of the Asean way. Through its association with Asean, Myanmar is changing slowly but positively to engage the rest of the world. Without the optimism and willingness to accommodate Myanmar, and if Asean were to be coerced by the US and join the band of international gangsters, Myanmar could have remained isolated and going it alone. There would not be any visit of Hilary to talk about.
The way forward, the Asean way, is through patience and dialogue, not sabre rattling and threats or coercion that the evil Empire is used to. But this small achievement by Asean could quickly be forgotten if the Association blindly allows the US to assume the leadership of Asean and the region, and go on the war path through military alliances and threats of war.
Could the Asean leaders see their success, that the Asean way is the Way and not succumb to US pressure to take on a confrontational and belligerent path in inter state diplomacy in the region? Would the US go the Asean way or Asean go the Empire’s way?
The End of Progress
While we I was kpkb about the illusion of progress, economist Professor Graeme Maxton wrote a book titled ‘The End of Progress’. His main theme is rather familiar. The obsession for the word progress by modern economists is going to run down this earth. Progress as interpreted by the modern economists, is laced with greed and irresponsibility, is violating the basic principles expounded by the great Adam Smith.
Govts today wave the word progress as if it’s the end all prize for any modern being. You want progress or not? Progress is even used as a threat to frighten the lay people, invokes fear in them that their life style will suffer without progress. So every donkey will shout, yea, yea, we want progress.
Today’s progress, in the macro level, is going to eat up all the resources this world is able to provide, from minerals, energy, vegetation and livestocks. Progress will lead the world’s population to a point of exhaustion, running out of everything, even land to farm and to live. Imagine every country only thinks of increasing its population in order to progress? Quite silly isn’t it?
At the micro level, progress often is an illusion when everything is eaten up by inflation. When money is inflated to give the illusion of wealth while in real terms, nothing change. In many cases, the money value is even smaller than before.
Is it progress to live in smaller and smaller flats? Is it progress when one is deprived of the convenience of car ownership? But we have limitations of land and owning bigger living space and cars are not possible. Oh, I see, we have limited land! How so, how is it that we don’t know? Why is this not taken into consideration when the little space is flooded with people and more people? We need to progress, of course. The bigger population will lead to more progress.
I can’t beat this kind of argument. We shall have more progress then, and progress to living in dog’s kennels and take public transport.
Thank you Prof Maxton, to tell the nitwits what it really is, I mean progress. Still want progress, still want to be threaten with no progress? If the cost of living is lower, the same unit of money will have greater purchasing power and is progress in better quality of life. It is foolish to think progress when every cent earn is eaten away by inflation. It is fiction.
Now, for a start, don’t believe in anyone that says smaller space is good, is progress. And not owning a car is a natural thing and also a price to pay for progress.
Govts today wave the word progress as if it’s the end all prize for any modern being. You want progress or not? Progress is even used as a threat to frighten the lay people, invokes fear in them that their life style will suffer without progress. So every donkey will shout, yea, yea, we want progress.
Today’s progress, in the macro level, is going to eat up all the resources this world is able to provide, from minerals, energy, vegetation and livestocks. Progress will lead the world’s population to a point of exhaustion, running out of everything, even land to farm and to live. Imagine every country only thinks of increasing its population in order to progress? Quite silly isn’t it?
At the micro level, progress often is an illusion when everything is eaten up by inflation. When money is inflated to give the illusion of wealth while in real terms, nothing change. In many cases, the money value is even smaller than before.
Is it progress to live in smaller and smaller flats? Is it progress when one is deprived of the convenience of car ownership? But we have limitations of land and owning bigger living space and cars are not possible. Oh, I see, we have limited land! How so, how is it that we don’t know? Why is this not taken into consideration when the little space is flooded with people and more people? We need to progress, of course. The bigger population will lead to more progress.
I can’t beat this kind of argument. We shall have more progress then, and progress to living in dog’s kennels and take public transport.
Thank you Prof Maxton, to tell the nitwits what it really is, I mean progress. Still want progress, still want to be threaten with no progress? If the cost of living is lower, the same unit of money will have greater purchasing power and is progress in better quality of life. It is foolish to think progress when every cent earn is eaten away by inflation. It is fiction.
Now, for a start, don’t believe in anyone that says smaller space is good, is progress. And not owning a car is a natural thing and also a price to pay for progress.
How to trade in a market controlled by big funds
I am not going to reinvent trading methodologies to make money in the stock market. Many will still advise clients to buy low sell high, to follow charts, to follow all kinds of formula to make big profits in the stock market. People who still believe in these methodologies are still living in the dark ages.
The stock markets today are no longer the stock markets of yester years. Stock markets today are infested by big funds with super computers to monitor every trade, to play against every investor, and take the best computed positions against them, to come out the winner. Someone says it is like playing against Robocop. How many can beat the Robocop? Why are they allowed to do it is a different story, a story of ethics and morality.
Many are still following faithfully and religiously on their sure win methodology and game plan and still losing. When they think it is time to enter the market, when they think the price is low, they were wrong. Confirm, double confirm. The price would go lower. Sometimes they may make a bid or two and think their methodology is right. They did not know that at those moments, the computer was biting on other bigger gains and they happened to be on the side of the computer.
They are still some syndicate plays that are making good money. These are the real winners with the right methodology, which they would not disclose to anyone. Trade secrets or whatever, there are small pockets of winners in this new game. Other than them and Robocops, the rest are condemned to be losers.
Anyone still day dreaming of beating the Robocop and his super computers with his grand plans and grand strategies? Please, remove your blinkers. The only method to be on the winning side is to know what the computers are doing and be on the side of the computers.
An equivalent example of the game so far is the 4D run by the Tote Board. By sheer odds, the operator is likely to make a certain profit. What if the operator uses the data available in his computer on who bets on what and how much will be the payout of each number? And with the super computer, the operator decides which number to open for maximum profit instead of the current method of pure chance. The Tote Board even go to the extent of ensuring that there is no cheating, that pure chance is truly pure chance, no one allowed to use his computer to his advantage.
See the difference?
The stock markets today are no longer the stock markets of yester years. Stock markets today are infested by big funds with super computers to monitor every trade, to play against every investor, and take the best computed positions against them, to come out the winner. Someone says it is like playing against Robocop. How many can beat the Robocop? Why are they allowed to do it is a different story, a story of ethics and morality.
Many are still following faithfully and religiously on their sure win methodology and game plan and still losing. When they think it is time to enter the market, when they think the price is low, they were wrong. Confirm, double confirm. The price would go lower. Sometimes they may make a bid or two and think their methodology is right. They did not know that at those moments, the computer was biting on other bigger gains and they happened to be on the side of the computer.
They are still some syndicate plays that are making good money. These are the real winners with the right methodology, which they would not disclose to anyone. Trade secrets or whatever, there are small pockets of winners in this new game. Other than them and Robocops, the rest are condemned to be losers.
Anyone still day dreaming of beating the Robocop and his super computers with his grand plans and grand strategies? Please, remove your blinkers. The only method to be on the winning side is to know what the computers are doing and be on the side of the computers.
An equivalent example of the game so far is the 4D run by the Tote Board. By sheer odds, the operator is likely to make a certain profit. What if the operator uses the data available in his computer on who bets on what and how much will be the payout of each number? And with the super computer, the operator decides which number to open for maximum profit instead of the current method of pure chance. The Tote Board even go to the extent of ensuring that there is no cheating, that pure chance is truly pure chance, no one allowed to use his computer to his advantage.
See the difference?
12/11/2011
Asia without America – Angmoh version
If the Americans withdraw from Asia, the region will be dominated by China and Japan and this is worrying. Why should it be? Ok Japan has a history of aggression and invading neighbouring countries, including Korea, China and Southeast Asia. Has China done that? The problem that China is facing today is to reclaim its lost territories which pesky little countries are trying to make claims to. And yes, China has to be assertive to protect its own territorial sovereignty. Other than this, China has not encroached on anyone’s territory, while many of its territories are still occupied by its neighbours. These neighbours are definitely jittery as it is a matter of time before China demands for their return. So ganging up with the Americans is for their own protection, to protect the loot they looted from China.
The angmoh’s presumed fear is that China is a rogue country, expansionist and out to control its neighbouring countries. The facts of current history proved otherwise. China has not been instigating wars among its neighbours, not provoking any country, not drumming up wars or sanctions against any country because they have a different political system, and not threatening regime change. May be the angmoh superpower is doing all these fear mongering conveniently, or insidiously planting these fears in the Asian countries for their own interests.
Now, what is so worrying of a China or Japan without the Americans when at most the Chinese and Japanese would be doing what the Americans are doing? And this may not be the case. On the other hand, to have the Americans here guarantees that the Americans will be doing all these, meddling, provoking, and threatening the weaker nations. To the angmoh mindset, this is their normal and Asians must accept their modus operandi.
The other angmoh viewpoint is that they are here to manage China’s rise as a super power. Is that their responsibility? What’s that got to do with them? What has the rise of any country got to do with them that it is their job to manage other countries’ rise as a super power? Are they the chosen race, God’s messenger and army to guard the human race?
But many Asians also have this cock mindset, thinking exactly in this way. It is a given that the Americans are the master, the empire, to control, to lead, to manage every country’s affair, to provoke, instigate, subverge, sanction and conduct regime changes according to their whims and fancies. This is the right thing, the order of things for Asians. Asians must accept the American over lord as the Emperor of this earth.
The angmoh’s presumed fear is that China is a rogue country, expansionist and out to control its neighbouring countries. The facts of current history proved otherwise. China has not been instigating wars among its neighbours, not provoking any country, not drumming up wars or sanctions against any country because they have a different political system, and not threatening regime change. May be the angmoh superpower is doing all these fear mongering conveniently, or insidiously planting these fears in the Asian countries for their own interests.
Now, what is so worrying of a China or Japan without the Americans when at most the Chinese and Japanese would be doing what the Americans are doing? And this may not be the case. On the other hand, to have the Americans here guarantees that the Americans will be doing all these, meddling, provoking, and threatening the weaker nations. To the angmoh mindset, this is their normal and Asians must accept their modus operandi.
The other angmoh viewpoint is that they are here to manage China’s rise as a super power. Is that their responsibility? What’s that got to do with them? What has the rise of any country got to do with them that it is their job to manage other countries’ rise as a super power? Are they the chosen race, God’s messenger and army to guard the human race?
But many Asians also have this cock mindset, thinking exactly in this way. It is a given that the Americans are the master, the empire, to control, to lead, to manage every country’s affair, to provoke, instigate, subverge, sanction and conduct regime changes according to their whims and fancies. This is the right thing, the order of things for Asians. Asians must accept the American over lord as the Emperor of this earth.
A mother’s crumbled dream
A little bit of nostalgia of forgotten dreams, or old dreams versus new dreams of mothers. My mother’s big dream was for her children to finish the senior Cambridge Examination, the O level equivalent of today, a Grade 3 would be good enough, and become a ‘tua chye hoo’, literary to become a chief clerk. In those days, every govt department or company had a tua chye hoo, the ‘pau kar leow’ administrator for all paper works. Job opportunities for professionals were rare.
An entrepot did not need those talents. The colonial masters were contented that they had their cheap supplies of coolies and clerks to help them run their administration, and the private sectors to run their trading businesses. It did not take the Chinese community long to realise that the colonial masters were only interested in their own glorification and self interests. The immigrants were there to provide the brawns and shuffle a few papers for their convenience. Every female wanted to be a typist or stenographer or a secretary.
They had big charity drives for donations to build secondary schools and the only university in Southeast Asia for their children. They had bigger dreams. They did not have the privilege of raising funds to help the poor, the sick or the aged. The demands were more urgent and more important. They wanted to produce professionals, engineers, doctors, scientists in all professions.
When we became independent, the opportunities opened up for the locals in every sector and needed professionally trained locals to fill those positions. The mother’s dream changed. They wanted their children to get into university. Their vision went beyond tua chye hoo when they knew what were possible with tertiary education. Forget about tua chye hoo. A graduate meant more than just pride of achievement. It meant a better quality of life, with more material comfort through higher income and more secure jobs.
This mother’s dream continues today. Every mother still wants to see their children get into university and become a graduate. The ancient mothers were ignorant when their ambitious dream was a tua chye hoo. Today’s mothers are in a way ignorant of their dreams. A graduate is not going to make their life that much better. Some may end up as taxi drivers, worst than their parents or grand parents who were non graduates and were tua chye hoo, with a much better lifestyle than the graduates of today, with much better incomes.
Many parents still scrimped and emptied their life savings, downgraded their homes, to send their children overseas when they could not find a place in the local universities. Many regretted when their children refused to return. They forgot that on returning, their children would not be good enough to be a tua chye hoo and may end up you know what. Their talents will never be appreciated unless they happened to be foreign talents. The foreign talents, many are not any better, many worst off than our local talents have taken over their jobs. Some say no, these lousy foreign talents are here to help create jobs. I agree, so that locals can rent out their rooms and service them in hawker stalls and foodcourts, and drive them around in their taxis.
The overseas children of our mothers are doing pretty well overseas. Many could find better jobs and enjoying better quality of living that they could not find if they returned. Why should they return to compete with half baked foreign talents and may end up jobless? The ignorant mothers of today must change their thinking and cast their dreams further ashore. There is no place for their graduate children at home. They need to wonder afar to find their pots of gold. It is better that they remain overseas and stay there.
The familiar dreams of having a graduate and all is fine is no longer true in many cases. It is a crumbled dream.
An entrepot did not need those talents. The colonial masters were contented that they had their cheap supplies of coolies and clerks to help them run their administration, and the private sectors to run their trading businesses. It did not take the Chinese community long to realise that the colonial masters were only interested in their own glorification and self interests. The immigrants were there to provide the brawns and shuffle a few papers for their convenience. Every female wanted to be a typist or stenographer or a secretary.
They had big charity drives for donations to build secondary schools and the only university in Southeast Asia for their children. They had bigger dreams. They did not have the privilege of raising funds to help the poor, the sick or the aged. The demands were more urgent and more important. They wanted to produce professionals, engineers, doctors, scientists in all professions.
When we became independent, the opportunities opened up for the locals in every sector and needed professionally trained locals to fill those positions. The mother’s dream changed. They wanted their children to get into university. Their vision went beyond tua chye hoo when they knew what were possible with tertiary education. Forget about tua chye hoo. A graduate meant more than just pride of achievement. It meant a better quality of life, with more material comfort through higher income and more secure jobs.
This mother’s dream continues today. Every mother still wants to see their children get into university and become a graduate. The ancient mothers were ignorant when their ambitious dream was a tua chye hoo. Today’s mothers are in a way ignorant of their dreams. A graduate is not going to make their life that much better. Some may end up as taxi drivers, worst than their parents or grand parents who were non graduates and were tua chye hoo, with a much better lifestyle than the graduates of today, with much better incomes.
Many parents still scrimped and emptied their life savings, downgraded their homes, to send their children overseas when they could not find a place in the local universities. Many regretted when their children refused to return. They forgot that on returning, their children would not be good enough to be a tua chye hoo and may end up you know what. Their talents will never be appreciated unless they happened to be foreign talents. The foreign talents, many are not any better, many worst off than our local talents have taken over their jobs. Some say no, these lousy foreign talents are here to help create jobs. I agree, so that locals can rent out their rooms and service them in hawker stalls and foodcourts, and drive them around in their taxis.
The overseas children of our mothers are doing pretty well overseas. Many could find better jobs and enjoying better quality of living that they could not find if they returned. Why should they return to compete with half baked foreign talents and may end up jobless? The ignorant mothers of today must change their thinking and cast their dreams further ashore. There is no place for their graduate children at home. They need to wonder afar to find their pots of gold. It is better that they remain overseas and stay there.
The familiar dreams of having a graduate and all is fine is no longer true in many cases. It is a crumbled dream.
12/10/2011
American drone fell off the sky in Iran
An American drone fell off the sky deep inside Iran. This is a pilotless spy plane, RQ 170 Sentinel, which the Americans launched into countries where it collects intelligence photos of military installations. The Americans have been bully the weaker nations by this kind of espionage knowing that those countries cannot bring it down.
The drone only has a ceiling of 50,000 ft and flying at subsonic speed of 500 to 600 knots and should not be too difficult to hit and bring down. The Americans have since stopped such flights over China after several U2s and other makes were brought down in China. Dealing with the Americans, the only language they understand is force.
The Iranians can only stop these spying missions if they can bring the drones down or by blinding its cameras. Firing missiles at the drones may be expensive. Some laser technology to damage the sensors of the camera should be effective and economical.
Oh, the Americans have all the rights to spy on any country by whatever means. They are not infringing or violating the air space or territorial integrity of the countries they spied on. How about Iran, China or Russia doing the same to the Americans, by sending drones over North America?
The Americans are hopping mad with the Chinese now that their aircraft carriers cannot sail freely in the East China Sea. The Chinese can sink them by air or by sea. It is no longer a ‘I can hit you and you cannot hit me’ scenario. Soon the Americans will only deploy their carriers in the waters of Hawaii or nearer their homeland for safety reasons.
China don’t be a pain in the arse. Please tell the Americans that you can hit the carriers and how it can be done, with deadly precision. Please be transparent. Unofficial sources said that the drone in Iran was brought down with the assistance of Chinese technicians who could break the communication quote of the drone and took over control to bring it down.
This is the most fearsome technology that the Americans are still trying to fathom how advanced the Chinese are. Once the Chinese have the computer knowhow, the super computers, which they all have, they could literally take over all the satellites or ICBMs in flight and turn them around to hit targets of their choice. Such a technology is cheaper and more powerful when American weapons can be seized to hit American targets. This is what the Americans are screaming for transparency, to want to know what the Chinese are capable of. Fat hope that the Chinese will be stupid enough to tell them. It’s military secret of the highest order.
The drone only has a ceiling of 50,000 ft and flying at subsonic speed of 500 to 600 knots and should not be too difficult to hit and bring down. The Americans have since stopped such flights over China after several U2s and other makes were brought down in China. Dealing with the Americans, the only language they understand is force.
The Iranians can only stop these spying missions if they can bring the drones down or by blinding its cameras. Firing missiles at the drones may be expensive. Some laser technology to damage the sensors of the camera should be effective and economical.
Oh, the Americans have all the rights to spy on any country by whatever means. They are not infringing or violating the air space or territorial integrity of the countries they spied on. How about Iran, China or Russia doing the same to the Americans, by sending drones over North America?
The Americans are hopping mad with the Chinese now that their aircraft carriers cannot sail freely in the East China Sea. The Chinese can sink them by air or by sea. It is no longer a ‘I can hit you and you cannot hit me’ scenario. Soon the Americans will only deploy their carriers in the waters of Hawaii or nearer their homeland for safety reasons.
China don’t be a pain in the arse. Please tell the Americans that you can hit the carriers and how it can be done, with deadly precision. Please be transparent. Unofficial sources said that the drone in Iran was brought down with the assistance of Chinese technicians who could break the communication quote of the drone and took over control to bring it down.
This is the most fearsome technology that the Americans are still trying to fathom how advanced the Chinese are. Once the Chinese have the computer knowhow, the super computers, which they all have, they could literally take over all the satellites or ICBMs in flight and turn them around to hit targets of their choice. Such a technology is cheaper and more powerful when American weapons can be seized to hit American targets. This is what the Americans are screaming for transparency, to want to know what the Chinese are capable of. Fat hope that the Chinese will be stupid enough to tell them. It’s military secret of the highest order.
Don’t come back
The recent measures to curb property prices may offer some relief to Singaporeans that are still homeless because of the screwed up policies of recent years. It may be helpful to some but many are still left in the lurch, particularly the young professionals who were booted out of public housing by silly regulations that decreed they are rich enough to be skinned by the private property developers.
There are many such young professionals, highly qualified and living abroad and may want to return home. My advice to them is don’t come back. The opportunity cost is too high and so is the ransom to start life in their home country.
For a start, being highly skilled professionals, they would not be allowed to buy a public flat which would still cost them at least half a million bucks. They are expected to cough out at least a million to get a shitty little mickey mouse flat from the private developers. By the time they ended paying up in 30 years, it would have cost them $2m, just for a miserable little space to live in.
And the cost of a car, a cheap one, would be a hundred k. Being professionals, don’t expect them to live a life of the average Singaporeans and travel in MRT or buses. They are high earners and wanted a better life. Otherwise what is the point of their training, skills and qualifications?
The options for not returning, with three or four hundred k, they could get a very decent landed homes in any of the developed countries, like US, UK or Australia. A big car will not even cost half the COE they have to pay here, and can use for as long as they want. Funny, the cost of living in these countries are now cheaper than this paradise they would want to call home. And they could even command a higher or better income than returning to compete with foreigners with better comparative advantages.
They have all the advantages to remain PRs or even take up foreign citizenship and live a better life elsewhere, with lower cost of living than paying a huge ransom for a poorer quality of life here. It just does not make sense anymore for highly qualified young professionals to come home.
Don’t come back unless you don’t mind being robbed of all your savings and incomes.
There are many such young professionals, highly qualified and living abroad and may want to return home. My advice to them is don’t come back. The opportunity cost is too high and so is the ransom to start life in their home country.
For a start, being highly skilled professionals, they would not be allowed to buy a public flat which would still cost them at least half a million bucks. They are expected to cough out at least a million to get a shitty little mickey mouse flat from the private developers. By the time they ended paying up in 30 years, it would have cost them $2m, just for a miserable little space to live in.
And the cost of a car, a cheap one, would be a hundred k. Being professionals, don’t expect them to live a life of the average Singaporeans and travel in MRT or buses. They are high earners and wanted a better life. Otherwise what is the point of their training, skills and qualifications?
The options for not returning, with three or four hundred k, they could get a very decent landed homes in any of the developed countries, like US, UK or Australia. A big car will not even cost half the COE they have to pay here, and can use for as long as they want. Funny, the cost of living in these countries are now cheaper than this paradise they would want to call home. And they could even command a higher or better income than returning to compete with foreigners with better comparative advantages.
They have all the advantages to remain PRs or even take up foreign citizenship and live a better life elsewhere, with lower cost of living than paying a huge ransom for a poorer quality of life here. It just does not make sense anymore for highly qualified young professionals to come home.
Don’t come back unless you don’t mind being robbed of all your savings and incomes.
12/09/2011
A small increase every now and then
The Govt’s policy of having small increases every now and then is working quite well so far. It is easier to boil a frog that way without creating any alarm.
What about small cuts every now and then instead of a big and painful cut at one go? No, no, I am not talking about salary cut. That one cannot cut under whatever circumstances. The consequences are much more serious and severe.
I did write about minus one zero from our dollar notes. Indonesia has decided to minus 3 zeros from the rupiah notes. It is high time that we start to cut one zero from our dollar notes. We must not wait too long and have to cut 3 zeros at one go.
Small cuts are less painful and more palatable. The only thing is that people no longer can call themselves millionaires by owning a HDB flat. The Indonesians must be tired of being billionaires for too long. Our millionaires could turn nasty soon when they have to make ends meet as their HDB flats and savings in the CPF are untouchable and really not worth that much.
We are a country with the most millionaires but with many living from hands to mouth while smiling at their CPF statements. Come to think of it, better not to cut the one zero. It is good to believe one is a millionaire.
Yesterday's millionaires drove big Mercedes and stayed in big landed properties and live a different lifestyle.
What about small cuts every now and then instead of a big and painful cut at one go? No, no, I am not talking about salary cut. That one cannot cut under whatever circumstances. The consequences are much more serious and severe.
I did write about minus one zero from our dollar notes. Indonesia has decided to minus 3 zeros from the rupiah notes. It is high time that we start to cut one zero from our dollar notes. We must not wait too long and have to cut 3 zeros at one go.
Small cuts are less painful and more palatable. The only thing is that people no longer can call themselves millionaires by owning a HDB flat. The Indonesians must be tired of being billionaires for too long. Our millionaires could turn nasty soon when they have to make ends meet as their HDB flats and savings in the CPF are untouchable and really not worth that much.
We are a country with the most millionaires but with many living from hands to mouth while smiling at their CPF statements. Come to think of it, better not to cut the one zero. It is good to believe one is a millionaire.
Yesterday's millionaires drove big Mercedes and stayed in big landed properties and live a different lifestyle.
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