There are many ways to skin a cat. One way to stop investors from investing in dangerous/sophisticated products they don’t understand is to make them sit for a test to make them fit or safe for the product. Another way of course is to make sure that dangerous/sophisticated products are safe before selling. Is making investors sit for the test not akin to passing the buck to the investors? This is better than caveat emptor. Disqualifying dangerous/sophisticated products leaves the responsibility with the regulator to make certain they are safe for consumption.
Which of the two methods is more efficient? One involves a lot of investors and potential investors to sit for the test. Now why would a customer want to buy a complicated/dangerous sports car if he has to sit for a test to ensure that he knows the danger of the car and cannot complain later? And why would potential investors want to sit for a test if they are not even sure of investing in the product? Does it mean that whenever a new product is launched, and if not covered by the test, the buyers must resit for another new test?
Would it be more efficient for the authorities to vet the products like the HSA checking edible products before allowing them into the market? Can’t imagine every individual would have to sit for a test before they are allowed to buy a new food product. Or should commuters be required to sit for a test, to know the nature of the train, before being allowed to board a train?
This kind of logic is Uniquely Singapore. The people must qualify themselves ie know the danger of the product they are buying before being allowed to buy it. The seller does not need to make sure that the products are safe. Can a seller sell snake oil if the buyer has passed a test on what is snake oil?
Below is an extract of an article by Kevin Lim of things to come.
By Kevin Lim
SINGAPORE, Dec 19 (Reuters) - Buying a mutual fund in
Singapore may not be a cakewalk anymore.
Under new investor-protection rules that take effect Jan 1,
investors in the tightly controlled city-state must possess
certain educational qualifications related to finance or have
relevant work or trading experience to buy funds directly.
Those who fail to meet the Monetary Authority of Singapore's
(MAS) requirements must take a series of on-line tutorials on
the Singapore Exchange website, and answer the
questions correctly in order to qualify to buy the funds, in
what could be a first for investors anywhere in the world.
Thousands of Singaporeans lost money investing in supposedly
low-risk Lehman Brothers-linked "Minibonds" in 2008. The new
rules follow a review by the country's monetary authorities.
The regulations have been sharply criticised by some fund
managers who fear a loss of business.
" Asking investors to pass a test to
invest could be a deterrent to investing," said Francois Mouzay,
head of fund development and services in Asia-Pacific for BNP
Paribas Investments Partners….
12/21/2011
Great opportunity to save the North Koreans
The death of Kim Jong Il is so worrisome to countries in the West, especially the US and its allies. The immediate neighbours living in fear are Japan and South Korea. Soon the Asean countries will be having nightmares too, that the mad North Koreans will be sending their nuclear tipped ICBMs to attack them. Now I am not sure who are the really mad ones.
Other than Mao Tse Tung, no dictator has suffered such a painful and gruesome death than Kim Jong Il. Oh I forgot to add, his father Kim Il Song too suffered a painful and horrendous death. The other dictators like Marcos, the Shah of Iran, Saddam and Gaddafi, all died in circumstances they deserved.
Why are the two Kims different, that the North Koreans are all mourning for their deaths and would even built mausoleums to honour them? The above paragraph talking about their painful and gruesome is just a wild imagination by people who sincerely believed that they were evil and will be punished by their own people or by God. But God is not going to be cheated or conned by the evil human beans who spread lies and misinformation about the two Kims. The two Kims died peacefully and are well loved by their ‘poverty stricken and oppressed’ citizens. Unbelieveable to those who blindly believe the Western media and think they were mad or evil dictators.
They are not. Sure there will be some dissidents who would love to criticize and attack them and think that the country would be better off like the Western countries. Even paradise will have its dissidents.
I have been scrutinizing all the recent photographs and news clips coming out from that country. Tell you the truth, for a picture tells a thousand words. The North Koreans are well fed and well dressed, even the sales persons in the dept stores. They are not like those skin and bones people of the third world. They are very well dressed with fats on their faces.
Please lah, remove your blinkers and look at the North Koreans objectively as they really are. But someone is seeing great opportunities to save and liberate these poverty people, all dying of hunger. Hilary Clinton is having closed door meetings with their two colonies, Japan and South Korea, to move in to save the North Koreans from poverty. I dunno how many countries will be involved. It is a great mission of peace and compassion. Asean and India would probably want to join this noble invasion of North Korea, before it becomes a province of China.
The sad truth is that North Korea will remain as an independent nation to disappointment these evil do gooders. And another truth is that both Japan and South Korea are the real provinces of the US.
While the North Koreans mourn, while China shares its sorrows, the West is whipping up horror stories about how dangerous the world has become because of the death of Kim Jong Il. The world is in serious danger unless they invade this country to keep peace and harmony and to save the North Koreans from another mad young boy in the name of Kim Jong Un. Really frightening man!.
What is mad? Don’t be so gullible lah.
Other than Mao Tse Tung, no dictator has suffered such a painful and gruesome death than Kim Jong Il. Oh I forgot to add, his father Kim Il Song too suffered a painful and horrendous death. The other dictators like Marcos, the Shah of Iran, Saddam and Gaddafi, all died in circumstances they deserved.
Why are the two Kims different, that the North Koreans are all mourning for their deaths and would even built mausoleums to honour them? The above paragraph talking about their painful and gruesome is just a wild imagination by people who sincerely believed that they were evil and will be punished by their own people or by God. But God is not going to be cheated or conned by the evil human beans who spread lies and misinformation about the two Kims. The two Kims died peacefully and are well loved by their ‘poverty stricken and oppressed’ citizens. Unbelieveable to those who blindly believe the Western media and think they were mad or evil dictators.
They are not. Sure there will be some dissidents who would love to criticize and attack them and think that the country would be better off like the Western countries. Even paradise will have its dissidents.
I have been scrutinizing all the recent photographs and news clips coming out from that country. Tell you the truth, for a picture tells a thousand words. The North Koreans are well fed and well dressed, even the sales persons in the dept stores. They are not like those skin and bones people of the third world. They are very well dressed with fats on their faces.
Please lah, remove your blinkers and look at the North Koreans objectively as they really are. But someone is seeing great opportunities to save and liberate these poverty people, all dying of hunger. Hilary Clinton is having closed door meetings with their two colonies, Japan and South Korea, to move in to save the North Koreans from poverty. I dunno how many countries will be involved. It is a great mission of peace and compassion. Asean and India would probably want to join this noble invasion of North Korea, before it becomes a province of China.
The sad truth is that North Korea will remain as an independent nation to disappointment these evil do gooders. And another truth is that both Japan and South Korea are the real provinces of the US.
While the North Koreans mourn, while China shares its sorrows, the West is whipping up horror stories about how dangerous the world has become because of the death of Kim Jong Il. The world is in serious danger unless they invade this country to keep peace and harmony and to save the North Koreans from another mad young boy in the name of Kim Jong Un. Really frightening man!.
What is mad? Don’t be so gullible lah.
Cornering the sheep
Four more taxi companies are following ComfortDelgro’s fare hike and this leaves only one company not doing so, Prime Taxis. It has just announced that it will follow suit. And the taxi drivers knew that they are going to suffer a loss in income for doing so and they die die must increase.
See the wonderful logic of Sinkie taxi drivers. They don’t care about their income and don’t care if passengers would refuse to take taxis. They just have to raise their fares. But now, with all raising their fares, what choice have the sheep got. This is perfect free market at play. It is all market forces.
Why huh? Very difficult to understand their thinking. I don’t think anyone is putting a knife at their throats. The fare hike is definitely voluntary and no collusion or else CCS will come after them for anti competition. It is like volunteering for a pay cut.
What a great sacrifice. Taxi drivers are taking pay cuts by hiking their fares. It is like telling the passengers we don’t need more fares. We will raise fares knowing that income will be lower. There must be some goodness out of this act. It cannot be all bad and the taxi drivers all daft to go ahead. What is the goodness of it all?
See the wonderful logic of Sinkie taxi drivers. They don’t care about their income and don’t care if passengers would refuse to take taxis. They just have to raise their fares. But now, with all raising their fares, what choice have the sheep got. This is perfect free market at play. It is all market forces.
Why huh? Very difficult to understand their thinking. I don’t think anyone is putting a knife at their throats. The fare hike is definitely voluntary and no collusion or else CCS will come after them for anti competition. It is like volunteering for a pay cut.
What a great sacrifice. Taxi drivers are taking pay cuts by hiking their fares. It is like telling the passengers we don’t need more fares. We will raise fares knowing that income will be lower. There must be some goodness out of this act. It cannot be all bad and the taxi drivers all daft to go ahead. What is the goodness of it all?
12/20/2011
An avalanche of mishaps
The recurrence of breakdowns over a few days is bad enough. But they said when it rains, it pours. It was pouring the last few days. And after the breakdowns, ceiling fell down and injured people in Sengkang MRT station. Then SMRT bus passenger fell and went into coma when driver braked abruptly.
What is going to happen next? Taxi drivers unhappy as takings fell by 20 to 30% instead of going up with the fare hike in time for Christmas. If the fare is not going up, instead of bonus and Christmas presents they are going to be angry. When unpleasant things all coming in a row, they tend to aggravate the situation to become unbearable.
This Christmas is going to be very different.
What is going to happen next? Taxi drivers unhappy as takings fell by 20 to 30% instead of going up with the fare hike in time for Christmas. If the fare is not going up, instead of bonus and Christmas presents they are going to be angry. When unpleasant things all coming in a row, they tend to aggravate the situation to become unbearable.
This Christmas is going to be very different.
The train breakdown is going to be costly
I have read some of the preliminary reports and comments in the media and I don’t feel a bit good about them. A couple of things have made me very edgy. One is that the inspection technicians are not doing enough. I can see what’s coming next. More staff needed to do more inspections.
The second point is equipment failure and more maintenance. More maintenance and servicing, more frequent change of equipment means more cost. You just cannot have more servicing and maintenance without having more technicians.
See, the current fare hike is definitely not enough. Commuters better prepare for more hikes in fares. And I secretly harbor the thought that if it is a case of mischief, then it may be a once off thing. Apparently it will still end up with more cost. More security equipment and personnel will be needed to conduct security checks, and crews to conduct equipment checks.
And don’t forget the safety equipment like UPS, fire extinguishers, sledgehammers as someone suggested. Or windows will be modified to allow them to be opened in an emergency. And torch lights also.
Whatever the outcome, commuter pockets gonna be burnt a big hole. It is going to be costly to the commuters as the profits must still go up and up.
Fat hope for those who are thinking that there will be fare reduction. Wait till they say they need to send their staff to study how other countries are managing their systems, like going to Japan or Europe, to learn from the best. After 30 years of train operation we don’t have any expert to talk about. What have they been doing all these while? We still need foreign experts who may have worked in a train system for 10 years to come and teach us and tell us what goes wrong and what needs to be done.
What a circus!
The second point is equipment failure and more maintenance. More maintenance and servicing, more frequent change of equipment means more cost. You just cannot have more servicing and maintenance without having more technicians.
See, the current fare hike is definitely not enough. Commuters better prepare for more hikes in fares. And I secretly harbor the thought that if it is a case of mischief, then it may be a once off thing. Apparently it will still end up with more cost. More security equipment and personnel will be needed to conduct security checks, and crews to conduct equipment checks.
And don’t forget the safety equipment like UPS, fire extinguishers, sledgehammers as someone suggested. Or windows will be modified to allow them to be opened in an emergency. And torch lights also.
Whatever the outcome, commuter pockets gonna be burnt a big hole. It is going to be costly to the commuters as the profits must still go up and up.
Fat hope for those who are thinking that there will be fare reduction. Wait till they say they need to send their staff to study how other countries are managing their systems, like going to Japan or Europe, to learn from the best. After 30 years of train operation we don’t have any expert to talk about. What have they been doing all these while? We still need foreign experts who may have worked in a train system for 10 years to come and teach us and tell us what goes wrong and what needs to be done.
What a circus!
Time to bash Kim Jong Il and the North Koreans
He is a dictator, a tyrant, a ruthless leader! He oppressed his people, he showered himself with good wine and good food. He is mad, insane, unpredictable. He always wanted to go to war with his neighbours, a very dangerous man.
Now he is dead, the situation in the Korean Peninsula and the world is getting more dangerous. The crazy North Koreans are going to attack South Korea and the countries of the free world. They are so poor, poverty everywhere, people are very hungry. They need help from the rich countries of the free world. Quick send more food and aid, but be careful, they may eat you alive.
Wow, now I feel damn shiok. I have just joined the free world gang of bangsters, to bang the North Koreans. Wait, wait, I need to let out a little secret. Where is North Korea? Who is this Kim Jong Il? Dunno leh. Then why have I got so many bad things to spew at him and the North Koreans? Dunno leh, I read all these stuff in the media. They all hated him and the North Koreans and wrote all the bad things about them. So must be true lah.
Dunno if the North Koreans know where is Singapore or is there a place called Singapore. But the media said he may attack Singapore. So frightening one. Better to join the bangsters and attack them first. The bangsters are the good guys and they must be telling the truths.
Okay, I feel good oredy. We are the good guys.
But why are the North Koreans crying and wailing over his death? No lah, all propaganda, just wayang. How could they be so stupid to wail for a tyrant, a dictator, a ruthless leader who padded himself with the money of the people and enjoy wine and song? Dictators like this must end up like Saddam and Gaddafi. The North Koreans are faking it. Don’t believe them and their media. This guy is bad, damn bad, and so are the North Koreans, also damn bad. Oh ya, a member of the Axis of Evil. Wow, where did I get such a wonderful phrase to describe this evil country?
Now he is dead, the situation in the Korean Peninsula and the world is getting more dangerous. The crazy North Koreans are going to attack South Korea and the countries of the free world. They are so poor, poverty everywhere, people are very hungry. They need help from the rich countries of the free world. Quick send more food and aid, but be careful, they may eat you alive.
Wow, now I feel damn shiok. I have just joined the free world gang of bangsters, to bang the North Koreans. Wait, wait, I need to let out a little secret. Where is North Korea? Who is this Kim Jong Il? Dunno leh. Then why have I got so many bad things to spew at him and the North Koreans? Dunno leh, I read all these stuff in the media. They all hated him and the North Koreans and wrote all the bad things about them. So must be true lah.
Dunno if the North Koreans know where is Singapore or is there a place called Singapore. But the media said he may attack Singapore. So frightening one. Better to join the bangsters and attack them first. The bangsters are the good guys and they must be telling the truths.
Okay, I feel good oredy. We are the good guys.
But why are the North Koreans crying and wailing over his death? No lah, all propaganda, just wayang. How could they be so stupid to wail for a tyrant, a dictator, a ruthless leader who padded himself with the money of the people and enjoy wine and song? Dictators like this must end up like Saddam and Gaddafi. The North Koreans are faking it. Don’t believe them and their media. This guy is bad, damn bad, and so are the North Koreans, also damn bad. Oh ya, a member of the Axis of Evil. Wow, where did I get such a wonderful phrase to describe this evil country?
Robbery, robbery!
This was what I heard as I stepped into the office. This guy was so agitated and they have to calm him down. I took a close look at him to see if there was any blood on him. Normally robbery victim would be beaten up and there would be blood. But I could not see any blood, no blood. As the colleagues were comforting him he continued, they are going to rob you next month of $4,500. Now this is strange. How did he know that the robber is going to rob people next month and the amount as well. He said he read it in the paper. What? What kind of robber is this. This is damn classy man. Want to rob people and still advertised in the newspaper. This calls for respect.
As he continued everyone realized that he was talking about the raise in minimum sum for Medisave next month, from $27,500 to $32,000. Shit, he gave everyone a fright. This is not robbery lah. It is a kind and proactive govt planning the money of the people, and how to protect it before they are lost in gambling and investing. It is exactly this, with such caring and forward thinking govt that the Sinkies are having such a good life, progress, economic growth and so much money in their CPF. Without such good govt, they will have no money left in the kitty, probably losing everything in gambling or in the stock market.
This guy is too much. He is so negative in his thoughts. He could not see the positive side of things. The minimum sum is to help him to pay for his medical bills when he is old. Sure must pay and pay one. Putting aside more Medisave is just being prudent mah. And the big medical bill will definitely become affordable.
And there is Boon Wan in charge, sure got no problem one. He is one of the few good men left and he would want to do more good deeds for the people and for himself. This Medisave thing is going to save 2m people $9 billion. The amount of good karma created is immeasurable. Having the people save their hard earned blood and sweat money and preventing them from squandering it away. And by 2016, the amount could be $40k, lagi more good karma.
One point I am not clear. Is the CPF Board authorized to make this $9b decision? Does it have the authority to do so? Shouldn’t this be tabled in Parliament for discussion and approve by Parliament? My colleagues all agree that there is no need to go to Parliament. When your money is my money and my money is my money, what is there for Parliament to approve? I think I have to agree with this reasoning.
So we all got together to explain to this unhappy guy that he should be very happy about this Medisave thing. It is not robbery, definitely. And come 2016 he may have $40k in his Medisave. Shiok right? And if he suay suay need a by pass that cost $40k, he can tell the world that he got a by pass for free, all paid by his Medisave. No need even to come out $8.
We can see that our logic is getting through and he started to smile, and probably feeling very good about it. Well we have done a good deed.
As he continued everyone realized that he was talking about the raise in minimum sum for Medisave next month, from $27,500 to $32,000. Shit, he gave everyone a fright. This is not robbery lah. It is a kind and proactive govt planning the money of the people, and how to protect it before they are lost in gambling and investing. It is exactly this, with such caring and forward thinking govt that the Sinkies are having such a good life, progress, economic growth and so much money in their CPF. Without such good govt, they will have no money left in the kitty, probably losing everything in gambling or in the stock market.
This guy is too much. He is so negative in his thoughts. He could not see the positive side of things. The minimum sum is to help him to pay for his medical bills when he is old. Sure must pay and pay one. Putting aside more Medisave is just being prudent mah. And the big medical bill will definitely become affordable.
And there is Boon Wan in charge, sure got no problem one. He is one of the few good men left and he would want to do more good deeds for the people and for himself. This Medisave thing is going to save 2m people $9 billion. The amount of good karma created is immeasurable. Having the people save their hard earned blood and sweat money and preventing them from squandering it away. And by 2016, the amount could be $40k, lagi more good karma.
One point I am not clear. Is the CPF Board authorized to make this $9b decision? Does it have the authority to do so? Shouldn’t this be tabled in Parliament for discussion and approve by Parliament? My colleagues all agree that there is no need to go to Parliament. When your money is my money and my money is my money, what is there for Parliament to approve? I think I have to agree with this reasoning.
So we all got together to explain to this unhappy guy that he should be very happy about this Medisave thing. It is not robbery, definitely. And come 2016 he may have $40k in his Medisave. Shiok right? And if he suay suay need a by pass that cost $40k, he can tell the world that he got a by pass for free, all paid by his Medisave. No need even to come out $8.
We can see that our logic is getting through and he started to smile, and probably feeling very good about it. Well we have done a good deed.
12/19/2011
US to station combat ships in Singapore
After scaling down its invaison of Iraq, the US is going to put some of these forces in Singapore. While we don’t have a Saddam Hussein in the region, there is piracy and freedom of passage for all ships to think about. Freedom of passage has never been a problem. As for piracy, is it an American problem that they feel responsible enough to spend so much money, resources and personnel to tackle the problem? Who is inviting the Americans here to deal with the piracy problem? Or are the Americans inviting themselves here because the Asean countries could not solve the problems? Why suddenly piracy in the region becomes a problem and not before?
Many countries are viewing the American presence with suspicion. Why would a neutral Singapore want to host the combat forces of a foreign govt here? Money lah. Can charge them for rental and use of facilities what.
I think it will be nice if Singapore can also host the combat personnel and equipment of countries like China, India, Russia and Japan to combat piracy as well. When the Americans are living across the horizon think it is important to them, piracy must also be important to these countries as well.
I can see more money from rentals and services if all these countries park their combat vessels here. And it is good to have more parties here to balance the ill intent of any one party. Don’t forget who is the biggest pirate. These other countries need to be here to keep the biggest pirate in check before it does mischief in the region.
The rationale for more navies to be here is reasonable, logical and an air of fairness, non alignment, neutrality, and plenty of money to be made. And the Americans cannot object to such a good argument.
Many countries are viewing the American presence with suspicion. Why would a neutral Singapore want to host the combat forces of a foreign govt here? Money lah. Can charge them for rental and use of facilities what.
I think it will be nice if Singapore can also host the combat personnel and equipment of countries like China, India, Russia and Japan to combat piracy as well. When the Americans are living across the horizon think it is important to them, piracy must also be important to these countries as well.
I can see more money from rentals and services if all these countries park their combat vessels here. And it is good to have more parties here to balance the ill intent of any one party. Don’t forget who is the biggest pirate. These other countries need to be here to keep the biggest pirate in check before it does mischief in the region.
The rationale for more navies to be here is reasonable, logical and an air of fairness, non alignment, neutrality, and plenty of money to be made. And the Americans cannot object to such a good argument.
SGX well run and going places
This is about what summed up Goh Eng Yeow’s article about SGX today in ST. Everything is so excellently managed, good governance, good system, advanced hardware, actually it is near perfection, including profits, it could be the number One stock exchange in the world.
I just hope he knows what he is talking about. My observation is that in the next 6 to 12 months it may implode. Just wait and watch. I hope I am wrong. I pray Goh Eng Yeow is right.
I just hope he knows what he is talking about. My observation is that in the next 6 to 12 months it may implode. Just wait and watch. I hope I am wrong. I pray Goh Eng Yeow is right.
Morale of Sinkie professionals
The displaced or retrenched PMETs are pretty sore that all their talents are wasted and many have to end up providing super butler taxi services to the maids and foreign workers. It will make their day if the foreign workers or maid screw them up for taking the wrong route to their destinations. It is so pathetic that some of them are graduates, from foreign universities, and spending thousands of their own money or their parents’ money to acquire their qualifications and working so hard for it. No words can described this shitty state of affair when so many so called FTs with suspicious or mediocre qualifications are gainfully employed and being served by these fallen local talents.
There is another pool of top local talents that are often by passed for the top jobs as there are always found lacking when compared to the FTs. Many of the plum jobs have gone to foreign talents who are not much better than them in qualifications except that they were foreigners or have worked in a foreign environment. Some have even lesser working experience than the locals they are going to boss around with.
This discrimination or insult against local top talents is being practised across all sectors. It is quite shameful really, that whenever a top position is available, they immediately look overseas for a candidate. The look inward is more cursory and a wishy washy formality. Just watch, they will be hunting for the next SMRT CEO from overseas again.
Maybe it is the right thing to do. The local talents know that they are not good enough and better that the new CEO is found quickly as some of these local jokers would have to act in that position knowing damn well that there are unfit or would never be good enough for it. So why waste their time acting and warming up the seat for a foreign talent to arrive?
Many would probably find it more useful to plan on how to angkat or curry the favour of the incoming CEOs and be content if treated well and not being screwed everyday. And this has been the norm and every of these top local talents seemed quite comfortable with the game. I am sure there is no morale problem about this group of top local talents who are destined to be just second best.
And some of these problems also faced Singaporean talents overseas because of the glass ceiling, that most respectable countries would want to put their locals in charge no matter how good the foreign talents are. Many countries discriminate positively in favour of their own talent.
Maybe this is the success formula for Singapore, where there is a conscious effort to look outside for talents. And it is not discrimination either but the right growth formula. Our ex coolie genes are degenerating and need to be bastardised with new and superior foreign genes for that extra oomph.
There is another pool of top local talents that are often by passed for the top jobs as there are always found lacking when compared to the FTs. Many of the plum jobs have gone to foreign talents who are not much better than them in qualifications except that they were foreigners or have worked in a foreign environment. Some have even lesser working experience than the locals they are going to boss around with.
This discrimination or insult against local top talents is being practised across all sectors. It is quite shameful really, that whenever a top position is available, they immediately look overseas for a candidate. The look inward is more cursory and a wishy washy formality. Just watch, they will be hunting for the next SMRT CEO from overseas again.
Maybe it is the right thing to do. The local talents know that they are not good enough and better that the new CEO is found quickly as some of these local jokers would have to act in that position knowing damn well that there are unfit or would never be good enough for it. So why waste their time acting and warming up the seat for a foreign talent to arrive?
Many would probably find it more useful to plan on how to angkat or curry the favour of the incoming CEOs and be content if treated well and not being screwed everyday. And this has been the norm and every of these top local talents seemed quite comfortable with the game. I am sure there is no morale problem about this group of top local talents who are destined to be just second best.
And some of these problems also faced Singaporean talents overseas because of the glass ceiling, that most respectable countries would want to put their locals in charge no matter how good the foreign talents are. Many countries discriminate positively in favour of their own talent.
Maybe this is the success formula for Singapore, where there is a conscious effort to look outside for talents. And it is not discrimination either but the right growth formula. Our ex coolie genes are degenerating and need to be bastardised with new and superior foreign genes for that extra oomph.
12/18/2011
Making sense out of the information available
So it is all about collector shoe problem. The power failure and damage to the rail tracks were caused by the collector shoes. And the trains have been running for 24 years without major breakdowns or this kind of frequency until these few days.
Logical deduction, simplified, is that the collector shoes have reached their operating lives and need to be replaced as they were working fine for 24 years, only starting to fail.
Another deduction, the shoes have recently been changed. If that be the case, either the new shoes were installed wrongly or the new shoes were faulty.
And better beef up on the standby power system and test them on a fully packed train and see how effective is the ventilation and how long it will last. This is critical as it can be deadly.
Logical deduction, simplified, is that the collector shoes have reached their operating lives and need to be replaced as they were working fine for 24 years, only starting to fail.
Another deduction, the shoes have recently been changed. If that be the case, either the new shoes were installed wrongly or the new shoes were faulty.
And better beef up on the standby power system and test them on a fully packed train and see how effective is the ventilation and how long it will last. This is critical as it can be deadly.
Pushing Singaporeans to a corner, in the name of progress
Has this thought ever cross the minds of Singaporeans while they are bathing in the economic success of the island with everyone feeling so rich, with properties exchanging hands with price tags like $20m, $30m and more? The same properties used to cost $1m or $2m twenty years ago. And I heard someone just bought a piece of property not to live in but to park his collection of fanciful sports cars.
The wealth and quality of life of many Singaporeans have improved tremendously over the last few decades. Can the Singaporeans continue to enjoy such phenomenal growth of wealth and lifestyle as we move ahead from here? Sure, many will even get richer and own flats of their own with several generations and extended families living in their own private flats, and their own car parks. This could be the new style of abode for many rich Singaporeans. Owning a landed property is not enough. They are looking at owning multi level private properties with each member living in different level for privacy, and their own covered car parking lots.
Contrast this development with the daily barrage of small is good where the attempt is to prepare Singaporeans psychologically to live in micky mouse size flats. The private flats I mentioned above are not HDB flats but each level a big luxurious apartment. The better off one that we know lives in a multi level private apartment, actually a small condo, with just one family of less than 5 members plenty of car park space for his collection of cars.
The average Singaporeans must live in smaller flats into the future and that is a certainty. Not that they need to sacrifice whatever land space in the island for the rich who want 20,000 sq ft for two and enough space for 20 cars. The growing population that is needed for growth and to sustain the growth needs more space as well.
And space is a big problem. With the limited space, not many more roads can be built except mass rapid transport. Owning a car is not going to be the norm into the future. Taking public transports and taxis are going to be the way of life. And don’t worry, there will be big publicity campaign to convince Singaporeans that the quality of their lifestyle will not be compromised. Travelling in class and style in trains or taxis will be much more fun and convenient that owning private cars. I know, I know, after the fiascos of the last few days, no one is going to agree with me that taking public transport is great romance and paying higher taxi fare is gracious living. And sharing the BO of unwashed workers who would be most happy to rub off their sweaty clothes onto Burberry and Zegna of stylish commuters is something to experience, daily. Sharing the same air in a train cabin with hundreds of people will definitely enchance the DNA quality of the ageing strains in the veins of ex migrant stocks. The new migrant’s DNA is like a breath of fresh air and will do everyone more good than harm.
Singaporeans could enjoy more spacious parks and watch TVs in public areas as well if they find their cubicles too small for such activities. Watching TVs in public areas means being entertained with fresh airs around and opportunity to make new friends. It is good for social integration and building good neighbourliness, and good for nation building as well. It will replace the anti social habit of glueing their eyes onto the Ipod or Ipad.
Singaporeans that live within their means will find this island really a paradise. Those who are able and can afford it, owning 20 or 30 expensive cars will be fun, and private car parks or COEs are great to have. For those who cannot afford such luxuries, there are smaller flats and world class transports and spacious parks for their amusments, and first world living that they have worked so hard for.
Having enjoyed such gracious and spacious living, with the convenience of public transport, Singaporeans would not want to go back to the days of landed properties and driving their own cars. The new lifestyle is progress for sure. But if the country could live within its means, live within its constraints and not wanting all the progress and convenience of a first world standard, if only it knows its limitation of land and not to use all up for more people, maybe, Singaporean standard of living could be back to the past, lower quality of life, having to upkeep and clean bigger flats which is a big chore, and having to drive their own cars without the convenience of MRTs and reliable butler styled taxis.
We have progressed and the quality of life can only get better. Or are Singaporeans pushed into a corner? What is the alternative for poor public transportation when ownership of cars is no longer an option? Is living in mickey mouse flats a no choice option?
The wealth and quality of life of many Singaporeans have improved tremendously over the last few decades. Can the Singaporeans continue to enjoy such phenomenal growth of wealth and lifestyle as we move ahead from here? Sure, many will even get richer and own flats of their own with several generations and extended families living in their own private flats, and their own car parks. This could be the new style of abode for many rich Singaporeans. Owning a landed property is not enough. They are looking at owning multi level private properties with each member living in different level for privacy, and their own covered car parking lots.
Contrast this development with the daily barrage of small is good where the attempt is to prepare Singaporeans psychologically to live in micky mouse size flats. The private flats I mentioned above are not HDB flats but each level a big luxurious apartment. The better off one that we know lives in a multi level private apartment, actually a small condo, with just one family of less than 5 members plenty of car park space for his collection of cars.
The average Singaporeans must live in smaller flats into the future and that is a certainty. Not that they need to sacrifice whatever land space in the island for the rich who want 20,000 sq ft for two and enough space for 20 cars. The growing population that is needed for growth and to sustain the growth needs more space as well.
And space is a big problem. With the limited space, not many more roads can be built except mass rapid transport. Owning a car is not going to be the norm into the future. Taking public transports and taxis are going to be the way of life. And don’t worry, there will be big publicity campaign to convince Singaporeans that the quality of their lifestyle will not be compromised. Travelling in class and style in trains or taxis will be much more fun and convenient that owning private cars. I know, I know, after the fiascos of the last few days, no one is going to agree with me that taking public transport is great romance and paying higher taxi fare is gracious living. And sharing the BO of unwashed workers who would be most happy to rub off their sweaty clothes onto Burberry and Zegna of stylish commuters is something to experience, daily. Sharing the same air in a train cabin with hundreds of people will definitely enchance the DNA quality of the ageing strains in the veins of ex migrant stocks. The new migrant’s DNA is like a breath of fresh air and will do everyone more good than harm.
Singaporeans could enjoy more spacious parks and watch TVs in public areas as well if they find their cubicles too small for such activities. Watching TVs in public areas means being entertained with fresh airs around and opportunity to make new friends. It is good for social integration and building good neighbourliness, and good for nation building as well. It will replace the anti social habit of glueing their eyes onto the Ipod or Ipad.
Singaporeans that live within their means will find this island really a paradise. Those who are able and can afford it, owning 20 or 30 expensive cars will be fun, and private car parks or COEs are great to have. For those who cannot afford such luxuries, there are smaller flats and world class transports and spacious parks for their amusments, and first world living that they have worked so hard for.
Having enjoyed such gracious and spacious living, with the convenience of public transport, Singaporeans would not want to go back to the days of landed properties and driving their own cars. The new lifestyle is progress for sure. But if the country could live within its means, live within its constraints and not wanting all the progress and convenience of a first world standard, if only it knows its limitation of land and not to use all up for more people, maybe, Singaporean standard of living could be back to the past, lower quality of life, having to upkeep and clean bigger flats which is a big chore, and having to drive their own cars without the convenience of MRTs and reliable butler styled taxis.
We have progressed and the quality of life can only get better. Or are Singaporeans pushed into a corner? What is the alternative for poor public transportation when ownership of cars is no longer an option? Is living in mickey mouse flats a no choice option?
12/17/2011
It was not a crisis, or need not be
The North South Line breakdown was not meant to be a crisis. Some have called it the worst incident to have happened. Yes it was a major breakdown, but the worst is yet to come. How about two trains collided, trained jumps rail and smashes into the tunnel wall causing the wall to collapse, commuters injured and trapped, water flooding the tunnel with packed trains?
With the extensive network of trains running above and under the ground, breakdown is going to happen every now and then. It is unacceptable, but machines will have its wear and tear, there will be human errors in small little things like connecting a wrong wire or improper wiring, or power failure or something else.
What failed badly and turning a power failure into a fiasco is the poor execution of an emergency evacuation plan. Presumably there is a plan to evacuate the commuters in a situation like this, then the failure is leadership. Who is to decide that it is a crisis and the emergency plan be activated? Apparently everyone was trying to do something but evacuating the commuters was not in their minds.
And to make matter worst, the backup power supply did not come in or was found grossly inadequate. A 45 min UPS unit is really much less than that as events would have to unfold and by the time management decides that it is serious, at least half an hour would have elapsed. The 45 min window must be a critical factor for the emergency team to work on in a situation when the train is packed with people and life could be at stake.
And I think they discovered that the emergency ventilation was also grossly under provided given the complaints of difficulties in breaking. If normal people have difficulties, the sick, the young and old would be in deeper trouble. The ventilation must be good enough to keep a fully packed train at peak hours for at least a couple of hours safe before rescue arrived. If management consciously provided a 45 min backup system, the emergency plan must take that into account to start evacuating people much earlier before the backup system dies.
I am not going to suggest that train drivers be renamed train captains like pilots and be trained and proficient to handle an emergency like this. But they must be trained and tasked to take control of such situation to manage the commuters and take immediate safety precautions. Apparently they were sitting in their cabins waiting for instructions and leaving the frightened and worried passengers on their own.
When the lighting was out, when the passengers were having difficulties breathing, the most stupid thing was to tell the commuters that there was ventilation as the ventilation was either not working or inadequate and people were suffocating. People would not die just because the train is not moving. People will die if they cannot breath even inside the safety of a train.
The whole mess could be avoided if someone had decided to activate the evacuation procedure early and get the commuters out safely. The delay to act was the main factor that contributed to the crisis and endangered the safety and lives of the commuters. The power failure was just a power failure.
The event could be just an exciting experience like an emergency drill if handled correctly, efficiently and timely. And the commuters would just have a great story to tell, without fear of anything worst, except some inconvenience.
With the extensive network of trains running above and under the ground, breakdown is going to happen every now and then. It is unacceptable, but machines will have its wear and tear, there will be human errors in small little things like connecting a wrong wire or improper wiring, or power failure or something else.
What failed badly and turning a power failure into a fiasco is the poor execution of an emergency evacuation plan. Presumably there is a plan to evacuate the commuters in a situation like this, then the failure is leadership. Who is to decide that it is a crisis and the emergency plan be activated? Apparently everyone was trying to do something but evacuating the commuters was not in their minds.
And to make matter worst, the backup power supply did not come in or was found grossly inadequate. A 45 min UPS unit is really much less than that as events would have to unfold and by the time management decides that it is serious, at least half an hour would have elapsed. The 45 min window must be a critical factor for the emergency team to work on in a situation when the train is packed with people and life could be at stake.
And I think they discovered that the emergency ventilation was also grossly under provided given the complaints of difficulties in breaking. If normal people have difficulties, the sick, the young and old would be in deeper trouble. The ventilation must be good enough to keep a fully packed train at peak hours for at least a couple of hours safe before rescue arrived. If management consciously provided a 45 min backup system, the emergency plan must take that into account to start evacuating people much earlier before the backup system dies.
I am not going to suggest that train drivers be renamed train captains like pilots and be trained and proficient to handle an emergency like this. But they must be trained and tasked to take control of such situation to manage the commuters and take immediate safety precautions. Apparently they were sitting in their cabins waiting for instructions and leaving the frightened and worried passengers on their own.
When the lighting was out, when the passengers were having difficulties breathing, the most stupid thing was to tell the commuters that there was ventilation as the ventilation was either not working or inadequate and people were suffocating. People would not die just because the train is not moving. People will die if they cannot breath even inside the safety of a train.
The whole mess could be avoided if someone had decided to activate the evacuation procedure early and get the commuters out safely. The delay to act was the main factor that contributed to the crisis and endangered the safety and lives of the commuters. The power failure was just a power failure.
The event could be just an exciting experience like an emergency drill if handled correctly, efficiently and timely. And the commuters would just have a great story to tell, without fear of anything worst, except some inconvenience.
12/16/2011
When emergency press button
Do you know what to do during an emergency in a train? All the sinkies reply yes. Last night when the trains broke down, all the sinkies were furiously pressing the buttons for help.
4,500 American and more than 100,000 Iraqi lives
These are the official number of dead people in the Iraq War. Not counting the hundreds of thousands of casualties, the destruction of the Iraq economy, the trillions of dollars spent and the murder of Saddam Hussein.
This is the price paid, by the Americans and the Iraqis for a hoax. Yes a hoax in which an American President and a British Prime Minister told the world and their people to believe.
And the Americans are happy that mission is accomplished. No one is mentioning the hoax and no war criminal charges against the two culprits who ordered and sanctioned the death of their own soldiers and the death of Iraqis, combatants and civilians.
And the Americans boys and girls are going home as heroes and heroines in a victorious war. How silly can things be?
Where is the white man’s conscience? Convening a war crime against the two perpetrators of this senseless killings and loss of lives is a must. But no, the white men will pretend it never happened. The silly Afro Asians and Arabs just did not know what to do or what to say. Yes, it happened. So what?
This is crime against humanity in the 21st Century!
This is the price paid, by the Americans and the Iraqis for a hoax. Yes a hoax in which an American President and a British Prime Minister told the world and their people to believe.
And the Americans are happy that mission is accomplished. No one is mentioning the hoax and no war criminal charges against the two culprits who ordered and sanctioned the death of their own soldiers and the death of Iraqis, combatants and civilians.
And the Americans boys and girls are going home as heroes and heroines in a victorious war. How silly can things be?
Where is the white man’s conscience? Convening a war crime against the two perpetrators of this senseless killings and loss of lives is a must. But no, the white men will pretend it never happened. The silly Afro Asians and Arabs just did not know what to do or what to say. Yes, it happened. So what?
This is crime against humanity in the 21st Century!
Please do not punish the commuters
Train breakdowns are getting more frequent and fines are thrown at the operator quite often too. But please, take it easy, don’t fine them too much, in fact, please do not fine them. And please, do not call for heavy fines.
All fines will end up being reflected at the bottom line. And when the profit goes down, it will be good justification for more fare hike. Indirectly, the commuters will be the one paying the fines for the breakdown.
Please LTA, please do not fine the operator to fine the commuters. Psst, I heard someone giggling in the corner.
All fines will end up being reflected at the bottom line. And when the profit goes down, it will be good justification for more fare hike. Indirectly, the commuters will be the one paying the fines for the breakdown.
Please LTA, please do not fine the operator to fine the commuters. Psst, I heard someone giggling in the corner.
MDA reviewing book due to title error
I quote the mypaper, ‘The Media Development Authority said it is reviewing a series of satirical short stories, poems and essays about life in Singapore because of a discrepancy in titles and not because of its contents.’
This is uniquely Singapore. It reminds of the guy who told everyone to stay 100m away from a hut that had a bomb inside but people inside the hut is okay because inside the hut is not violating the order to stay 100m away.
This is uniquely Singapore. It reminds of the guy who told everyone to stay 100m away from a hut that had a bomb inside but people inside the hut is okay because inside the hut is not violating the order to stay 100m away.
SMRT had a stroke
When people aged, the possibility of getting a stroke will get higher each day. Similarly when the body is overfed, cholesterol is likely to choke up the arteries and may also lead to a stroke. Getting a stroke is going to be more common and normal among the elderly. Likewise, the train system is going to experience more breakdowns under normal wear and tear and the increasing load and operating hours.
What happened last night to the north south train, well, it happened. Commuters would have to get use to the new normal. Forming committees, seeking expert advices, looking for foreign experts to look into the problem, well, well, that’s what organization does when a problem occurs. Form more committees, do more investigation, board of inquiry, hire more experts and consultants, spend more money. These are the normal and necessary things to do. No need special talents for such follow up actions.
What I thought was unexpected and unacceptable last night was a total power failure and without any backup power supplies. People could die, many people could die in such a situation. And provision of backup power supply is basic and essential. With so many commuters jam packed at peak hours, and without fresh air, without light, things could have been worst. While the committees can spend another 6 months or 3 years to investigate the causes of such breakdowns, immediate actions must be taken to ensure that backup power supplies are provided and must work in every breakdown.
Thank the lucky star that no one dies last night. We don’t need to wait for someone to die to form committees, board of inquiries and hiring foreign experts to do such a basic equipment like backup power units, a mandatory safety requirement in all trains and all systems.
What happened last night to the north south train, well, it happened. Commuters would have to get use to the new normal. Forming committees, seeking expert advices, looking for foreign experts to look into the problem, well, well, that’s what organization does when a problem occurs. Form more committees, do more investigation, board of inquiry, hire more experts and consultants, spend more money. These are the normal and necessary things to do. No need special talents for such follow up actions.
What I thought was unexpected and unacceptable last night was a total power failure and without any backup power supplies. People could die, many people could die in such a situation. And provision of backup power supply is basic and essential. With so many commuters jam packed at peak hours, and without fresh air, without light, things could have been worst. While the committees can spend another 6 months or 3 years to investigate the causes of such breakdowns, immediate actions must be taken to ensure that backup power supplies are provided and must work in every breakdown.
Thank the lucky star that no one dies last night. We don’t need to wait for someone to die to form committees, board of inquiries and hiring foreign experts to do such a basic equipment like backup power units, a mandatory safety requirement in all trains and all systems.
12/15/2011
Changes in CDP operations
The big change, by SGX, is that client’s shares will be kept or be accessible by broking houses. Whether this is going to make the market better for the clients and the industry is a moot point. It could be all for nothing. What I don’t feel comfortable is the reason given in support of this change, because developed markets worldwide are doing it.
The important point to note is that the developed markets worldwide are sick. And we have adopted many of the practices of developed market and the big question is, is the market getting better or getting sicker?
When there is change, change must be for a good reason, for improvement. Change must not be introduced for the sake of change or because other people are doing it, and worst because developed markets are doing it. The developed markets created the toxic notes and sold many snake oils to the less developed markets too. What the developed markets are doing is not necessarily good for less developed markets, and may even be bad.
Is our market getting better or going to get better? I may be insane, but I am seeing many systemic flaws in the market. Maybe I am dull and cannot see the good and brilliant things that are happening in the system.
The important point to note is that the developed markets worldwide are sick. And we have adopted many of the practices of developed market and the big question is, is the market getting better or getting sicker?
When there is change, change must be for a good reason, for improvement. Change must not be introduced for the sake of change or because other people are doing it, and worst because developed markets are doing it. The developed markets created the toxic notes and sold many snake oils to the less developed markets too. What the developed markets are doing is not necessarily good for less developed markets, and may even be bad.
Is our market getting better or going to get better? I may be insane, but I am seeing many systemic flaws in the market. Maybe I am dull and cannot see the good and brilliant things that are happening in the system.
Surrendering one’s right – part 3
Singaporeans must not easily surrender their rights away, or they will always be the servant to be owned by the masters. Another right that Singaporeans must not surrender and think that there is no other way out is their money in CPF.
The masters have been designing all kinds of clever schemes to retain the Singaporeans hard earned money in the CPF. Many Singaporeans have resigned to this fate that their money is now untouchable, only to feel good and smile at the monthly statements to tell them how rich they are on paper.
This is their money(minimum sum and Medisave) and must be returned. No one has the right to keep passing legislations to compulsorily take the money from its rightful owner. Get the opposition parties to fight for the return of this money. Keep hammering for it. This is your money, this is your money, and it is right that you have your money back.
Are you the master or the servant? Why should people decide to keep your money away from you and the people accept it as normal? And as long as the people LL and not say anything, the amount to be taken away will get bigger and bigger. This must be stopped.
The masters have been designing all kinds of clever schemes to retain the Singaporeans hard earned money in the CPF. Many Singaporeans have resigned to this fate that their money is now untouchable, only to feel good and smile at the monthly statements to tell them how rich they are on paper.
This is their money(minimum sum and Medisave) and must be returned. No one has the right to keep passing legislations to compulsorily take the money from its rightful owner. Get the opposition parties to fight for the return of this money. Keep hammering for it. This is your money, this is your money, and it is right that you have your money back.
Are you the master or the servant? Why should people decide to keep your money away from you and the people accept it as normal? And as long as the people LL and not say anything, the amount to be taken away will get bigger and bigger. This must be stopped.
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