4/12/2012

The foreign North Korean experts at it again

They could not understand why the North Koreans are launching the satellite to celebrate the 100 anniversary of Kim Il Sung. Or they just do not want to understand. But that is not enough. They even came out with their foolish comments as if the North Koreans were little ignorant farmers, did not know what they were doing. The favourite reasons, internal rift or rivalry, Kim Jong Un must do something to establish himself, Kim Jung Un is trying to please everyone, Kim Jung Un is following what his father did, playing brinkmanship, what else is new? Oh, he is ill advised by his advisers!

And this Professor Andrei Lankov said his best guess, ‘is a culmination of bureaucratic inefficiency and factional rivalry.’

My no expert guess, the North Koreans need to show the Americans that they have the weapons to deliver a few nuclear warheads into the hearts of the USA. That is the only safe guard for the North Koreans if they want to avoid the fate of Iraq or a Libya. They must be able to do it. They could send a few hundred warheads into all the big cities in Japan and South Korea. These have neutralized the threats from these two neighbours.

The one that is left standing and wanting to have a go at the North Koreans is the US, thinking that it could hit the North Koreans without the latter being able to hit back. The security of the North Koreans is to be able to strike back at the international gangters. Period.

So difficult to understand the North Koreans and so many make beliefs of incompetencies in the North Koreans?

Little pest punching above its weight

The Philippines is showing how powerful it is as a naval power. It is sending its biggest warship, a piece of historical relic that survived the Pearl Harbour, to challenge China. It even warned China that it would retaliate if provoked. Wow, wow! That’s the way to show China how powerful it is. It threatened again to arrest Chinese fishermen and was stopped by Chinese patrol boats. It should have just sink the smaller Chinese patrol boats with its antique ship that the Americans have destined for the museum but probably given to them to challenge Chinese fishing boats.

And the Philippines is not stopping at that. It summoned the Chinese Ambassador to warn him that the Philippines is ready to defend its sovereignty. Hahahaha. Brave Filipinos. I think China will see its biggest military defeat when it fights the Philippines. China better be careful and scoot from the Scarborough Shoals before the Philippines navy arrest all its fishing boats. Don’t play with a big power like the Philippines. In another 100 years time the Phillipines will be building its own patrol boats to protect its territories.

Come to think of it, Singapore and Hongkong must also be careful as it would send its patrol boats to protect Filipino maids. South East Asia’s biggest military power on the rise.

From betrayal to betrayal

Were the Sinkies angry? Were their cries and pain heard and felt? The anger of a people feeling betrayed is beyond words. When foreigners came in drove ‘to help them’ and be treated like citizens with almost the same privileges, and more, yes more, whether the help was genuine or fake, it does not matter anymore. The Sinkies were simply pissed off and they want to make it counts. How could Sinkies be not allowed to buy public flats when foreigners can just by switching to pink ICs overnight? How could foreigners enjoy all the medical subsidies, education subsidies, national bonuses simply by becoming citizens but without the contributions and sacrifices of the original Singaporeans? Yes, the Sinkies felt betrayed.

But the PRs are now citizens? Another betrayal that insults the intelligence of the Sinkies. What is the point of cutting the subsidies for PRs now when most have already become citizens? Get the point? We can make do with PRs working here but not with more new citizens. We should not issue citizenships like toilet papers. What’s the difference if in spite of all the cuts in subsidies to PRs and more PRs exchange their blue ICs to pink ones? This is the real LPPL issue.

The cutting of subsidies to PRs is a new issue that will reek of betrayal if one is a PR. After all the praises and red carpet treatments, and a bloated mindset of coming here to contribute to the growth of this country and providing jobs or helping daft Sinkies, how would they feel now, with all the subsidy cuts? Would they feel equally betrayed? Many will start screaming ‘We will go to countries that will better appreciate us’ if there is one out there. The truth is that no country is so sick to dump their citizens in exchange for questionable unknown foreigners and treating them like gems.

The new joke now is that we have politicians calling for more distinctions between citizens and PRs and citizens must have more privileges, must be treated with greater respect, must be given priorities. Where have these politicians been? Were they sleeping and just had a rude awakening? Did they just realize that they have to serve Sinkies first and foremost? And the media will sing the same song and with more politicians singing the chorus. We will take care of Sinkies first. There will be more hugging and kissing of Sinkies from now onwards, I think.

I feel so pissed off that there is no point writing too much on this issue.

4/11/2012

The best tailor made all round education

The current education system has too many flaws and causing too much stress on the children. It is very unhealthy, too exam oriented and does little to develop character and good values and did not produce a well rounded person on graduation. What should be done is to study the feedbacks of parents and their children, understand what they want, what they fear, their expectations and dislikes, and put them together in a neat little basket to please parents and children for a more holistic and inclusive education, developing the sporting talents at the same time, wholesome and good character building and with straight As of course.

For a start, too much emphasis on exam grades is bad. Too much elitist bias is bad. The branded schools should go and all the schools should be made more equal and the spread of students spread equally to all schools, including the spread of good and bad teachers. This will not only level the playing field, it has plenty of wholesome goodness. The more talented students will have a chance to mix with the less talented and empathise with them. Good for bonding and the removal of elitist thinking.

The curriculum should be reduced, teach less and learn more is good. Children must have a lot of time to play, which will also develop their friendliness and EQ. Play if specially coordinated can be part of the sports training to develop the children into future champions as well.
Second Language or mother tongue shall be made optional. Children should not be stressed to learn something they dislike, like their mother tongue. The future will be mono lingual, maybe just English. Plan for the future and help the future to succeed.

And science and mathematics are just too restrictive. Allow the children to read other subjects as well. Reduce the time from science and maths and spread them to other subject. This can include ethics and morals, how to be good citizens.

And make sure the students have good grades. Ask the parents how many As they want their children to have. Make the necessary moderation to make the parents and children happy. Having more than 50 per cent with straight As may be too much and people will question the standard of our education. 20 percent straight As should be a nice number, follow by 20 percent with 4 As and 20 percent with 2As. Another 30 percent should be for those with Bs and Cs and balance 10 percent, make it 9 percent pass and 1 percent unable to make it. This would be good news for parents and children. What? Not good enough? OK make it 30 percent straight As and adjust accordingly.

And I forgot, articulation skill is very important. Our children are quite tongue tied and find difficulties in expressing themselves. Have more debating classes and social interaction time for students to debate with each other. Such skills will be good if they later choose to become politicians. They can continue debating in Parliament.

Did I miss out anything? I think that’s about it. This must be the most wholesome and happy education system for happy parents and children. And all guarantees to have good grades. Oh, oh, one more thing, no homework. I remember those days when I was in school, barely any homework except when punished to write lines. The free time available can be used to explore the neighbourhood and play with the neighbour’s children.

Think about it, the best education system we ever had was in the 50s and 60s. Every day is fun. Have fun in school and have fun after school. Only thing bad then was the red marks. But this can be fixed with moderation to make parents proud of their children’s grades. What is important is an enriching and rewarding experience for both parents and children. And the teachers must also inculcate into the children that winning all the time, being the best all the time is not necessary a good thing. In life, there are many other better things to achieve than just winning. Always think of the losers before one thinks of winning. I think this last sentence is the best part. Just imagine the look on the loser’s face. That is satisfaction beyond words. : )

Specialised or customized is good, generalized is bad. General education is good, streaming is bad. Elite school is bad, neighbourhood school is good. Now I got myself confused.

Medical Insurance coverage at 90!

Why does a person need medical insurance coverage at 90, or 70? Well if one is LKY or Wee Cho Yaw, when life is a bliss, when everyday extra on earth is better than another day in paradise, you would need insurance even at 100 with the premium costing $100k a year.

Would a 70 year old retiree need to have medical insurance if he is living alone in his lease buy back flat or with his retired wife? Or would a retiree living with his children, supported by his children, still need medical insurance at 70? He will if he wants to continue to live to 100 and pay for all the gadgets they are going to insert into his body or chop dying parts off his body when the parts are not working anymore.

I would say this is a very subjective point. I do not need insurance at 70. I rather use the money to amuse myself or give it to the children and grandchildren. What is the point of paying so much insurance and more for medical bills that may come to hundreds of thousands when one is already 70? But if one has all the money in the world, why not?

Consider an average person with no income, just living and waiting to be called home to the Lord, is it worth it to spend the children’s money, a few hundred thousands, to live for another few months or few years? Is it worth it to spend whatever that is left in one’s CPF savings, including the ransom held for one’s own good in Medisave for more insurance premium? It may be an issue of affordability or an issue of where to spend the money.

A lease buy back scheme on a HDB flat may not be enough for a long hospital stay. It will bankrupt people under such scheme as the bill is no small matter. And after paying the bill and with nothing left, then what?
The thought of medical insurance after 70 is amusing. The thought of medical insurance at 90 must be a joke to many.

4/10/2012

Would PAP eat its own words?

Speculations abound of a by election in Hougang plus one or plus two GRCs. Technically Tanjong Pagar is due for a by election and so is Marine Parade. One candidate is time to exit and one still a big liability. Talks of Hsien Loong vacating Ang Mo Kio is too far fetched. He cannot afford to put his head on the chopping block. An election is an election and anyone can lose. Unless he is planning for his own exit from politics.

The other key consideration is what PAP had said about holding by election. It is an expensive exercise, very serious, and not masak masak. You get the people to elect their representatives and don’t suka suka decide to change the MPs after a year and replace with new candidates. It does not bode well on the PAP in their choice of candidates and how they regard by elections, which they had sneered at the sacking of Yaw Shin Loong. In the case of Yaw, there is an element of indiscretion and integrity which are compelling enough to have a change of candidacy.

There are no extenuating circumstances for the PAP to be able to justify having by elections in other wards or GRCs just to replace a candidate. It will be going against what they had said. They can’t be telling the people of Tanjong Pagar that LKY is retiring after one year in office. They should have known. Neither can they announce that a MP has to give way for being found unsuitable.

So, how believeable is this talk of more than one by elections? It could be a red herring being thrown out to get everyone excited for whatever reasons. It could be a lure to entrap the adventurous.

Third world thinking cap

We are here today proclaiming that we are in the first world of developed countries. We got here today, from the third world, by thinking first world. The basic thinking was that everything must work. There is no excuse for failure. And definitely no excuse for failures when the cause is known well in advanced. Claiming that because of such and such, failure is something to live by is third world thinking, unbefitting of first world, unless we want to progress back to the third world, when things are less demanding.

Just because we have brought in a few million people into this little piece of rock does not mean that the problems must be something to live with. The problems we are facing today, unfortunately, was due to incompetency, poor planning and coordination, hardly anything about thinking ahead of problems, pro active, nipping problems at the bud. Thinking ahead and preventing problems from cropping up are first world thinking, but it seems that we are losing it.

Today we live in denial, pretend there is no problem or insist that there is no problem, talk away the problem using the media, once in 50 years, cannot be solved, so be it.

So, the next best thing is to think like third world. We have to live with the problems we created and failed to anticipate. The worst that can be is to be fourth world if there is a fourth world, knowing the cause of the problem and stubbornly encouraging it, in this case over population and still asking for more.

How thick can that be? Fourth world thinking or delusionary thinking?

A brutal admission of grave errors

Light is shining through the thick foliage of the old oak tree. For 46 years, never has an individual got the guts to speak out so violently against the ills of the system, against a cancerous growth that all pretends not to see while the beneficiaries are lapping them up as their ill gotten rights.

Professor Lim Chong Yah has made a strong recommendation for radical reforms in our wage structure. Among his recommendations is a 50% increase of wages for those earning $1,500 or less per month and the freezing of wages for those earning $15,000 per month for three years. Those in between will continue to enjoy moderate wage increases with the main purpose of closing the widening wage gap.

The recommendations come at a time that calls or demands for drastic change which would otherwise be mulled over with some cosmetic changes to placate the victims of the economic structure.

Immediately we are hearing growls of pain and suffering from the super talents. Foul, foul, they screamed. Why should they continue to work when there is no increment for three years? The world appreciates their talents and they will move to greener pastures. And there are those earning in the millions that will see their days darkened. How could they survive the three years of drought without any pay rise? It is frightening. This country’s progress today is the fruit and effort of the super talents. If we lose them, we will, yes, go back to the third world 60s.

I think we should take a gamble and let our super talents move to greener pastures if they are that good. Sure they will find better paying jobs in the world. The whole world is waiting for them with open arms and willing to pay them the obscene pay they are getting today. Oops, maybe got to rethink this statement again. If we have to continuously import foreign talents to fill up top jobs, I doubt we have many super talents to go around. And knowing how protective are other countries are of their top jobs, I bet not even a handful will be hired if they quit their jobs in this island.

My apologies to the top talents here who feel that they will be able to land better jobs across the world. Some will, definitely. But if we look at Lim Chong Yah’s recommendations from the super talents’ point of view I think it also makes sense. What if it is true, all our super talents are hired in Wall Street and Fleet Street, in Europe and Japan, our little economic miracles will vanish over night. This is equally frightening.

A safer bet, not to risk the great economic progress that we are enjoying, is to reverse the recommendations. For those who are earning $15,000 and more, their income shall be raised by 50% over the next three years. Those earning less than $1,500 pm shall have wage freeze for the next three years. The recommendation for the in between group can be as recommended. This approach would definitely energise our super talents to work much harder and propel our economic miracle to greater height. Isn’t that what we want? It is all about meritocracy and the meritorious should deserve all the merits. And those earning a million can expect another half a million increase over the three year period. Those earning $5m can expect $2.5m increase. That would be great and we will have more multi millionaires.

Now which way shall we go? Maybe we will need another GE to decide what is the better move.

4/09/2012

Third World War coming!

Japan has moved its Patriot missile system to protect Tokyo. Its military forces are in full alert. Its air defense forces have been given the order to shoot. The whole country is in a state of fear and hysteria.

The South Koreans too are in full alert. War is going to break out soon. They are all ready to shoot anything crossing their sky. The Americans 7th Fleet is in full battle order. All the men are in battle stations. It is red alert. At any moment war is to be declared. Obama is not having any sleep.

The western media are working 24 hours printing reports of how dangerous the situation is now. The whole world and world institutions are worried. Correction, the whole world is defined as the US and its semi colonies, and the world institutions are American and western institutions.

Even Asean is afraid, very afraid. But many countries are going about their lives as if nothing is happening. China, Russia, Taiwan, Hongkong, Malaysia, India, the whole of Africa and South America, and many other countries do not know that the third world war is about to happen.

Why? What is causing this epic event to happen? Oh, the North Koreans are sending its satellite to space. And it is like the end of the world, and all those hysterical countries believe or wanting the whole world to believe that they will be attacked by the North Koreans soon. The North Koreans are going to attack the US, Japan, South Korea and silly countries like the Philippines and you know who. How dangerous.

The people of the world, quickly hide inside your bomb shelters. The third world war is going to happen, all because the North Koreans are going to send a satellite to space. Isn’t this what many countries are doing and nothing happens? What is real and what is to believe?

Doctors crying foul

Inspection and certification of medical instruments are going to cost a bomb. And the doctors are unhappy and rightly so as the cost of medical services is already high and now adding more cost. This is the syndrome of creating jobs and income for doing more and more. Aren’t these equipment manufacturers subject to many international regulations and standards to ensure that their equipment is safe for use?

We will be seeing more revenue created from unproductive administrative processes like more checks, more certifications and examination fees, more licences etc etc. The annual checks for cars, especially weekend cars, is another big concern. The cars today are very well made, and in our case many are very new, weekend car owners hardly used their cars, but subject to annual inspections at a hefty fee.

It is so easy to make money when you have the authority to do so. Just create some excuses for more training, more examinations, more checks, more certifications, and money will just flow in. No need to work the guts out in the field, in the factory, in the service outlets producing real goods and services. Better, wait for someone to complain and turn it around to impose more fees to look like trying to solve the problem.

The financial industry just print paper money, create complex notes and sell them to the ignorant. All part of the new industry of creating revenue out of nothing. Is it really that clever to do such things? What shall such things be called? Abuse of power, authority, robbery, trickery, selling snake oil? You don’t need any talent to do such things. The MLM, the holiday share schemes, ponzi schemes, charities and donation schemes , etc etc even the school dropouts, the laymen or conmen can do it. In fact they are more creative and effective than the super talents in such designs. Cheating is the easiest thing to do, and no thinking required if the power is behind cheats.

4/08/2012

My nightmare turning into an inspiration

Since independence we have called ourselves citizens of this country, and we dutifully went to the voting stations to cast our votes to elect our representatives to Parliament, to represent us, to speak for us, to look after our interests. It was quite shocking to learn that a general election is meant to elect a party to rule the country and has very little to do with the elected representatives. Got or no elected MP no big deal. And that is the reason or the reason behind the law for an election.

I have been living with this nightmare for quite some time since the new awakening, to find a new meaning in the law or a new reason for the law. Now that the dust has settled, time to relook at this new interpretation of the law for election. I said new because it is new to me. It may be an old meaning that I do not know and I could have been an ignoramus all this while, oblivious of the true meaning of the law. Silly me.

Okay, now that some brilliant legal mind has shone a torch on this law and enlightened the electorate on the reasons behind the law, let’s make it clear and proper. A general election shall now be an election for a political to rule the country. Let’s be transparent about this and tell the people what it really is. Just go to the polling and tick against the party. It is much simpler and easy to administer.

The elected party shall form the govt and fill the seats with their MPs in parliament. A little tweaking needs to be done to the Constitution on how many MPs each party is entitled according to the percentage of votes received. The parties can sort out who they want to be in parliament as it is not really important to have a chosen MP by the people.

And there are many advantages to such a system and very cost effective. One thing that can be saved is a by election. Since the people are electing parties, a vacated seat can simply be filled by the party concerned. Save time and resources and the people can have a new replacement almost immediately. Very convenient too.

This nightmare, if interpreted in a positive way, can be an inspiration for a new electoral system.

The glorification of foreign talents continues

Spread your legs, spread your legs, spread them wider, and wider. We must let the foreign talents to come in or we will perish. Though we have survived and built a healthy and economically viable country on our own steam for the first 40 years of our nation building, with very little foreign talents, why is it that we cannot continue to do well without foreign talents?

And what kind of foreign talents are we getting other than a handful of exceptions that will lift us higher in the competitive world? How many of those so called foreign talents are doing jobs that Sinkies can do just as well, I don’t mean the Geylang type? I mean for every foreign talent that is recruited to sit in top management position, are there really no Sinkies that are as good or even better than him or her? This is the biggest bull that daft Sinkies are made to believe and live by.

We have been compared with Taiwan, China, India, Korea etc etc, and are we really doing that much better than these countries that are self sufficient in local talents and have companies that are now recognisable world wide? Maybe we don’t have enough head counts and we need more head counts to be bigger like them. But what is so great about their companies? With Temasek and GIC we can have many of their companies if we want them. We simply buy them over and with the Singapore premium, none will be able to resist our offer. We can buy the world with their talents, lock, stock and barrel. It is like… with one of these we can have a thousand of everything.

I think it will be a better strategy to keep this third wing overseas and no need to bring the hoards of hungry third world, talent or no talent, to our shores and inflate the prices of everything, including inflating our culture and bad manners. After carefully grooming and programming our people to be more discipline and refine like the developed countries, it is a big waste to mix them up with the uncouth and third world behaviour and social norms. And worst, to tolerate them and become one of them, be assimilated by them. There must be other better formula for growth and economic well being other than inflating head counts with third world talents that are deemed better than ours.


Spread your legs, spread your legs, spread them wider, and wider. We must let the foreign talents to come in or we will perish. Though we have survived and built a healthy and economically viable country on our own steam for the first 40 years of our nation building, with very little foreign talents, why is it that we cannot continue to do well without foreign talents?

And what kind of foreign talents are we getting other than a handful of exceptions that will lift us higher in the competitive world? How many of those so called foreign talents are doing jobs that Sinkies can do just as well, I don’t mean the Geylang type? I mean for every foreign talent that is recruited to sit in top management position, are there really no Sinkies that are as good or even better than him or her? This is the biggest bull that daft Sinkies are made to believe and live by.

We have been compared with Taiwan, China, India, Korea etc etc, and are we really doing that much better than these countries that are self sufficient in local talents and have companies that are now recognisable world wide? Maybe we don’t have enough head counts and we need more head counts to be bigger like them. But what is so great about their companies? With Temasek and GIC we can have many of their companies if we want them. We simply buy them over and with the Singapore premium, none will be able to resist our offer. We can buy the world with their talents, lock, stock and barrel. It is like… with one of these we can have a thousand of everything.

I think it will be a better strategy to keep this third wing overseas and no need to bring the hoards of hungry third world, talent or no talent, to our shores and inflate the prices of everything, including inflating our culture and bad manners. After carefully grooming and programming our people to be more discipline and refine like the developed countries, it is a big waste to mix them up with the uncouth and third world behaviour and social norms. And worst, to tolerate them and become one of them, be assimilated by them. There must be other better formula for growth and economic well being other than inflating head counts with third world talents that are deemed better than ours.

4/07/2012

The pathetic pictures of dogs

Last week I remember the pictures of some of the best fighting dogs published in the media. They were mainly pitbulls, kept primarily for fighting, in some corners of Indonesia. The sight of these dogs was pathetic. Each was chained to an empty oil drum which doubled as their kennels. And the most unpleasant and unexpected, they were so under fed that the rib cages were showing prominently.

How could these fighting dogs fight when they were looking more like greyhounds? And fighting dogs or fighting cocks are like footballs and gamblings. The owners should be able to give them a decent meal and also for them to gain strength to fight. They have to be fed well it they are to bite well.

Perhaps those were the losers or the aged, left to be forgotten, to live or to die. The good dogs and the champions would still be well fed and well looked after.

Feel very sorry for these dogs. In their heydays as pitbulls they must have worth a lot and received a lot of strokings from their masters. They could be growling all the way into the ring as if they were invincible, prized possessions of their masters.

Revisiting the 60s

The Christians are reliving the past, the days of Jesus Christ, the times when miracles happened. Jesus died and was resurrected to live forever. The past can be a great inspiration to many and can be quite frightening to some. The past could be a milestone, a reference point to mark where we have come from and where we should be going into the future.

Last week Hsien Loong was warning the people that if we don’t buck up, we could return to the past, to the 60s. In this sense, the past is something we do not want to revisit.

What were some of the memories of the 60s that are still lingering in our thoughts? Renting a place to sleep, to get married, to set up homes, is a common thing then. The citizens were so comfortable living and sharing with strangers in little rooms, sharing kitchens and toilet facilities. The toilets at home are like public toilets, just as dirty, with no ownership and untidy housemates.

And of course the rooms were small and crammed. A 600 sq ft unit could be shared by 3 or 4 families. Each family of 4 or 8 or more could be squeezed into a single room.

Car ownership was a great status symbol, a social class to be aspired to. There were TV serials just on the theme of car ownership class and how this became the divide of society.

And there were latch key children, with both parents at work and the children given the house key to return to an empty nest. Life was tough and everyone was working hard. The good thing then was the hope and aspirations, the attainable hopes and aspirations for the ordinary folks to own their cars and their flats. And upgrading to bigger and bigger units of flats or private properties were a way of life. Everyone was improving their lives. This latter part, of living their dreams and attaining them quite easily, kept the people happy and focussed on the good life ahead.

In many ways we are already revisiting the 60s in some areas. It is not that we are going backward. We are already there. We are in the process of going full circle. Singaporeans are encouraged to share their flats to strangers and turning their toilets into public toilets, for an income. The new flats are getting smaller and smaller, and with shoe box flats being brandished as the next good thing, more will have to live in them, as owners and not tenants.

The latch key syndrome has not gone away, only the parents. In the 60s, the parents were in Jurong or working somewhere in the island. Today the parents of these latch key children are further away, overseas.

Another 5 years will be all it takes for car ownership to become another new privilege class. Many would have to abandon their dreams of owning a car. Many will live their lives without being able to buy a car while many will be owning 5, 10 or 20 cars.

The upgrading ethos will still carry on. Many will still aspire to upgrade, from a 1000 sq ft HDB flat to a 600 sq ft private flat that costs a million. And their life style will improve with the millionaires living next door. And hopefully no need to turn their toilets into public toilets by subletting to strangers.

The dreams of being rich and owning properties will always be there. There will be those who will become doctors, lawyers, politicians, top civil servants, and be able to afford the rich life of the talented. Many have made it and the reward is more than worth it…if they made it. But many will return to the 60s to live their dreams that will no longer be that easy to attain. It is not a matter of whether they will return to the 60s, they will, many will.

Some of the women folks may end up as maids if they are not careful, and have irons on their faces or falling off while cleaning windows.

The oldies then fared better than those today. Maybe they died earlier. Many could live off their pensions and faded away. Today, the oldies are richer, with plenty of savings in their CPF, but still have to work till they die.

4/06/2012

TRE banning redbean from accessing

Hi TRE, what is happening? I tried to access your site for some reading this morning and found my IP being banned. While your site is reposting my articles, I have rarely made any comments on your site, maybe not more than 5 in all, and all neutral comments, if I can remember.

Must be something funny right? April 1st is more than a week past. You don't have a change of editorial team or administrator for your site I hope.

The Hougang by election court case

The case filed by Madam Vellama Muthu in court for a ruling on when a by election should be held is being challenged vigorously by the Attorney General’s Chambers. The AGC is appealing against Judge Pillai’s ruling for a hearing next week to determine what should be done in view of an MP vacating his seat. The judge has found that there is a prima facie case to have the case heard.

What is the issue of this case? Is it a case of a political party taking a position which other political party disagree. Or is it a case of the people against the govt or the law of the country? If it is the former, where the ruling party is seen as not observing the law of the country, would it then be expected that the ruling party be defending its position?

Or is this a case against the state that the AGC has to come out to take a stand to defend the law? It should be the case if the law is clear. What is now unclear is that the law is apparently vague in the calling of a by election and a case has been filed to have a clear interpretation of the law by the court. Should not this be a good thing, to have a clear position and nobody can then quibble over it? Maybe the AGC’s position is that the law is clear and no need for further interpretation.

What is the best thing to happen? Throw the case out and not wanting to know the court’s ruling and interpretation on what the law really should be?

4/05/2012

The con game in the world of high finance

The international finance industry is rotting to the core. The revelation by the Goldman Sach executive provided a small glimpse to the crimes being committed in the industry. The fund managers are no longer making money from the market for their clients. They could not. The whole financial industry, including the stock markets, has been redesigned to sell worthless papers and financial products at the expense of genuine stocks. Companies listing their shares in the markets too are getting wiser and no longer value the net worth of their shares. Everyone is trading for quick profit with no regards to fundamentals.

When fund managers find it impossible to make money from trading stocks, they ended up violating one of the major regulations of trading, churning client’s money and making money from the clients instead. Everyone, fund managers and stock exchanges, are trying to keep one step ahead of the competition by running faster while the bridge behind is falling off. And they think they are safe while those who move slower fall off and were swallowed by the bottomless pit below.

The only hope by the funds or exchange administrators is to be the last man standing. But then they forgot that the bridge is still collapsing and the last man will still have to fall in too. The fundamentals of stock tradings when there is real value in stocks and shares of companies have been forgotten. Today the trading is done on fictitious paper creations instead and destroying the values of stocks. Billions and trillions of dollars are piled up on worthless papers instead of real stocks just like the days of Lehman Brothers and toxic notes. Values are being created by shifting and printing of these papers. This paper game will have to come to an end sooner or later.

All the top talents are so deep in the pool of shit that they no longer see further than the tips of their noses. And they keep trying to be clever by trying to be creative and innovative, to stay ahead of a falling bridge.

The collapse of the American and European economies and finances was not due to their inability to produce but through their cleverness in over producing, by printing money for themselves, with no real value added. Asset enhancement, asset swaps, paper swaps, borrowing and endless credits, and buying worthless pieces of papers, etc etc, become an unproductive computer game.

The real producers of values are in manufacturing and farming and their true values have been ignored and even sneered at for the pittance they got for their labour. The smart asses need not produce anything but rewarding themselves with millions and billions by financial engineering. And they think the game will go on and on.

The real stuff, the real producers of goods and services, will survive and outlive the fictitious producers of paper wealth that will come to nothing. It sounds so clever for an asset to be traded hundreds of times it original value. It sounded so clever to buy some papers and sell them at hundreds of times their original values. Where is the real value added? If there is none there is none and the gain is pure fiction.

Try to think what Tharman said, ‘We cannot just be a society of insurance agents, real estate agents and bankers and office workers.’ The best of the American talents are in Wall Street writing paper moneys to make millions and billions without being productive. And we want to go down the same road with everyone paying themselves in millions without producing even a grain of rice.

Asean disarming the Number One Gangster

Asean has proven that dialogue and diplomacy are the way forward. Interference in other country’s internal affair through threats, sanctions, and regime change are not acceptable and will do more harm than good. Myanmar is a feather in the cap for Asean and the Way of Asean.

What has the Number One International Gangster achieved in Iraq, Libya, Afghanistan and those countries that it invaded? Nothing except bloodshed and destruction. And it is still gearing up to invade more countries with Iran and North Korea on the list, and with new troops being deployed in the Asia Pacific region.

What Asean has done in Myanmar is the best proof to the world that the way of the Gangster is not the way and unacceptable. Now, would the Gangster and all the small gangsters stop bullying the weaker countries and lift their sanctions on Myanmar?

What is surprising is for Asean to make a statement against the North Korean’s launch of its satellite. What has that got to do with Asean? Is not Asean trying to interfere in another country’s domestic affair, particularly a country that is so remote from Asean in all counts? Or is Asean’s arm been twisted that it has so say something or else? It is a pity that Asean has to cower under a foreign big power’s pressure to mess around with another country’s peaceful pursuit to send a satellite into space.

Accountability and conceitedness

I have written about how 44 men could change your lives or destroy them in an earlier post. In ancient history, countries or states were owned by kings and emperors who conveniently spread the myth that they were the sons of heavens and given the mandate to rule. Then, one man or one family ruled the country. We are slightly better off in having 44 men or women to rule us.

What the 44 men or women forgot is that their mandate is now from the people and for a term of 5 years, and subject to the people’s approval. What happened here is an unnatural development where the govt think that they really have the mandate of heaven for life. This allows them to think that they can do anything they want without having to consult the people. They know best and have the authority to rule the people.

The other myth is the myth of govt. Even the 44 men or women are a myth. The major decisions were not done by the govt or the 44 men or women. They are made by a few men or may be less. And these few individuals were conceited enough, with the arrogance of knowing it all, or with the mandate of heaven, to do as they please.

And they would tell the people in the face, we are in charge and we will be accountable and responsible for the decisions made. The question is who do they think they are? How accountable can they be and how responsible can they be? What accountability or responsibility if a bad decision is going to impact on several millions of lives and for generations to come. And some decisions may even lead to the downfall of a county? Can a few individuals shoulder such responsibility and accountability? What could they do? Make a public apology or cry over the TV?

Decisions like bringing in millions of foreigners and giving away citizenships freely should not be made by a few individuals or even a ruling govt. It must seek the consent of the people, the millions of people that share this country. Decisions to keep the people’s money in the CPF for whatever reasons cannot be made by a few individuals. It is not their money. Such decisions must have the consent of the owners of the money. Then the selling of properties to foreigners and driving up property prices to become more affordable?

There are many decisions that have very serious consequences on many people and should not be made by just a few individuals. The people own this country and must have a say, not a once in 5 years say, not signing a once in 5 year blank cheque.

Tharman has put in succinctly by saying that the govt is too much in the people’s face. ‘We took our incumbency too much for granted in the past and we were also too much in your face. The solution would be for the PAP to engage with the people “a lot more”, take nothing for granted and win Singaporeans over by giving them more say, he said.’

Hsien Loong has also spoke in the same vein yesterday. Is this going to be real, a real change? Or would it be another aspiration, another wayang? Would the govt seriously consult the people on major decisions that would affect country and people? The people will no longer keep quiet when their lives are seriously affected. The people want a big say in major policies affecting them, not the say or decision of a few arrogant men or women who think too highly of themselves.

4/04/2012

TRE under attack

Looks like Temasek Review Emeritus is under attack again. Unable to read any article posted there.