11/30/2012
A conversation 2000 years ago
It was a mass conversation led by a young man with the poor, the downtrodden, the hopeless, the homeless, the beggars and vagabonds, the lowest rung of the social hierarchy. The conversation was held everywhere and anywhere, from market places to foodcourts and restaurants and to parks and the hills.
The young man looked ordinary, dressed simply. But his father was very rich and very powerful. He openly acknowledged the power of his father and what his father could do. He promised the lost sheep of a paradise in the future. He promised them that life would be very good, a life of abundance and no worries, in the future.
One thing very clear about his conversation, it was all about the future. He even asked them what they wanted for their glorious future. But the poor illiterate homeless and despair were just clueless and just listen to the good news. The young man told them to go and spread the good news around, but no need to enter the homes of the rich and powerful.
As for their immediate problems, no food, no roof, no jobs, these were simply unspoken. And when they were hungry, he took out a piece of bread, broke it down into little crumbs to share with them. And the poor could not be choosy. Any food, any amount, would be a blessing. They thrived on the crumbs offered by the young man. They forgot about their immediate problems. There was a bright future awaiting them. And neither would the young man want to remind them nor would he be able to solve their immediate problems. He was only interested to lead their thoughts to the future that might not come, or at least in the life time of many who were there.
I dunno what happened to the young man or whether the poor and hopeless eventually found a life of abundance. What was good then was the offer of a hope, a better tomorrow, to forget about the dire straits they were in.
Caution. The above story is purely fictional and any similarity or resemblance to anyone, people, things or places is mere a coincidence.
11/29/2012
Miracle Drink: Carrot, Beet Root and Apple
Miracle Drink : Carrot, Beet Root and Apple
This MIRACLE DRINK has been circulating for a long time long ago. It is worth your while to take note. There is a celebrity Mr. Seto who swears by it. He wants to make it public to draw the attention of people who have cancers.
This MIRACLE DRINK has been circulating for a long time long ago. It is worth your while to take note. There is a celebrity Mr. Seto who swears by it. He wants to make it public to draw the attention of people who have cancers.
This is a drink that can protect bad cells forming in your body or it will restrain its growth! Mr. Seto had lung cancer. He was recommended to take this drink by a famous Herbalist from China. He has taken this drink diligently for 3 months and now his health is restored, and he is ready to take a pleasure trip. Thanks to this drink! It does not hurt for you to try.
It is like a Miracle Drink! It is simple. You need one beet root, one carrot and one apple that combine together to make the JUICE !
Wash the above, cut with the skin on into pieces and put them into the juicer and immediately you drink the juice. You can add some lime or lemon for more refreshing taste.
This Miracle Drink will be effective for the following ailments:
1. Prevent cancer cells to develop. It will restrain cancer cells to grow.
2. Prevent liver, kidney, pancreas disease and it can cure ulcer as well.
3. Strengthen the lung, prevent heart attack and high blood pressure.
4. Strengthen the immune system
5. Good for the eyesight, eliminate red and tired eyes or dry eyes
6. Help to eliminate pain from physical training, muscle ache
7. Detoxify, assist bowel movement, eliminate constipation. Therefore it will make skin healthy & LOOK more radiant. It is God sent for acne problem.
8. Improve bad breath due to indigestion, throat infection,
9. Lessen menstrual pain
10. Assist Hay Fever Sufferer from Hay Fever attack.
There is absolutely no side effect. Highly nutritious and easily absorbed.
Very effective if you need to loose weight.
You will notice your immune system will be improved after 2 week routine.
Please make sure to drink immediately from the juicer for best effect.
WHEN TO DRINK IT;
DRINK IT FIRST THING IN THE MORNING ON AN EMPTY STOMACH! AFTER ONE HOUR YOU CAN EAT BREAKFAST. FOR FAST RESULTS DRINK 2 TIMES A DAY, IN THE MORNING AND BEFORE 5PM in the Afternoon.
YOU WILL NEVER REGRET! IT DOES NOT COST YOU MUCH MONEY! PLEASE CIRCULATE TO YOUR FAMILY AND FRIENDS.
It is like a Miracle Drink! It is simple. You need one beet root, one carrot and one apple that combine together to make the JUICE !
Wash the above, cut with the skin on into pieces and put them into the juicer and immediately you drink the juice. You can add some lime or lemon for more refreshing taste.
This Miracle Drink will be effective for the following ailments:
1. Prevent cancer cells to develop. It will restrain cancer cells to grow.
2. Prevent liver, kidney, pancreas disease and it can cure ulcer as well.
3. Strengthen the lung, prevent heart attack and high blood pressure.
4. Strengthen the immune system
5. Good for the eyesight, eliminate red and tired eyes or dry eyes
6. Help to eliminate pain from physical training, muscle ache
7. Detoxify, assist bowel movement, eliminate constipation. Therefore it will make skin healthy & LOOK more radiant. It is God sent for acne problem.
8. Improve bad breath due to indigestion, throat infection,
9. Lessen menstrual pain
10. Assist Hay Fever Sufferer from Hay Fever attack.
There is absolutely no side effect. Highly nutritious and easily absorbed.
Very effective if you need to loose weight.
You will notice your immune system will be improved after 2 week routine.
Please make sure to drink immediately from the juicer for best effect.
WHEN TO DRINK IT;
DRINK IT FIRST THING IN THE MORNING ON AN EMPTY STOMACH! AFTER ONE HOUR YOU CAN EAT BREAKFAST. FOR FAST RESULTS DRINK 2 TIMES A DAY, IN THE MORNING AND BEFORE 5PM in the Afternoon.
YOU WILL NEVER REGRET! IT DOES NOT COST YOU MUCH MONEY! PLEASE CIRCULATE TO YOUR FAMILY AND FRIENDS.
Cheers!!
Sin City has peaked
Sin City has reached new heights in many things and it is looking like hitting its peak. Many things just cannot go up anymore or at its last leg, another last hike and that is about all.
Top on the list is income of political leaders. Raising this will bring about grave consequences or angry disapproval for sure. Housing prices are still going up, but for how long, when the income level is not going up except for those living in the stratosphere? COE and car prices are peaking at the same time.
Population, there are two major school of thoughts. The super talented will tell you that 20m is ‘sup sup suey’. The lay people will not want any of it and rather stay at this level. Unbelieveable that birth rate is at a record low of 1.2 percent and population is growing exponentially. I personally think that the capacity to support people in this piece of rock is reaching its peak and optimum level. Anything more is madness. How many of the unthinking would go along with this madness is frightening.
The talent pool for political office is drying up or peaking as well. Every batch the quality is not getting betterer than the previous batch. And many bright young professionals are not coming home and the talent pool for political office will now have to come from the newly minted citizens whose credentials are suspect, whose certificates and qualifications need to be scan under a microscope.
The land for use is also peaking and the only way out is to demolish and rebuild higher and higher. Roads and rails capacity are also peaking as well. Is there really any more room for growth at the rate the land is being used up?
Even the number of straight A students for PSLE, A and O level are peaking and if not stop, every student will be getting straight As.
Rentals, medical fees, cost of living are also peaking and the strain on the people is showing. Hospital and medical services are at a peak that no one even realized. Someone with a toothache will be given an appointment 6 mths down the road. His immediate pain is hopefully taken care off some time down the road, like Natcon.
MRT capacity is definitely at its peak level. The next challenge is to be as world class as Tokyo in terms of passenger per train car.
The only thing that is not peaking is probably the number of millionaires. There are 800,000 HDB flat dwellers waiting to become millionaires. This would be the last peak I think. Oh, I miss out another major peak, with a lot of room to grow. Don’t forget the minimum sums in the CPF savings. These still got a long way to peak. Did anyone whisper ERPs and GST?
Govt giving HDB dwellers $40 for Xmas
The Govt is so considerate. It is giving 94% of flat dwellers $40 to pay for the increase in property tax. I am so happy, at least for this year. Next yearand many more years will have to pay for the full increase.
I think I am also among the majority who are unhappy with this increase in property tax. The increase is due to the higher rental values HDB flats can fetch. Shit, how many HDB flat dwellers are renting out their flats to be deserving of paying for the higher tax? If I am not mistaken, the bulk of HDB dwellers do not rent out their flats. Why are they paying for some imaginery paper gain that they did not benefit and ended up paying for it?
Should the tax be tweaked to tax on those renting out their flats? Funny leh, why the majority always kenna hit for nothing and expected to be happy because the value of their flats goes up and the rental value also goes up.
Some are now even questioning that as a leasehold properties, with so many restrictions imposed by the real owner of the flats, shouldn’t the HDB be paying the property tax as the ultimate owner? Of course this kind of reasoning is bad as the next level of ultimate owner is the govt and why should the govt pay tax to itself. And the ultimate ultimate owner of the flats is God himself as God owns everything.
What is material is that the benefits of higher rental value is fictitious to many owner occupied HDB flats and is it unfair to make them pay for this paper value. The retirees will be worst hit. The Govt should use the higher rental value to tax on those that are renting out their flats and not those that did not make a cent of out it. Tiok boh? Fair or not? I like to think simple.
The Cantonese have a phrase, 'Bo tin tin fat tat'. In this case is 'Bo tin tin kenna screwed'. While people are happily renting out their flats to make money, the majority of the Sinkies can only put on a silly smile and pay for nothing.
11/28/2012
A coalition of forces or an independent attack
When Nick Leeson tried to corner the Nikkei with the war chest of his bank, he believed that his bank was big enough to bank roll him against the small investors. He was successful initially as the rest of the investors were acting alone and lack the fire power to contest him. But when the stakes got too high, the Japanese investors got worried of his position. A crash of Nikkei could bring about a series of events that were difficult to control. The zaibatsu and the big guys gathered together to deal a deadly blow to this young turk acting alone. In unison, they took position against Leeson and the rest is history.
An almost similar picture happened during the Asian financial crisis when the big funds from the west formed an informal coalition to sell down the Hongkong market. HK stock exchange and its financial sector could be ruined if not stopped. The taipans, the HK Govt and the Chinese Govt got together with a bigger war chest to defend the onslaught and the victors were obvious. The western big funds took a rubbing and went back to lick their wounds.
In the local market we are seeing a smaller scale onslaught of a single stock, Olam International. The modus operandi is different. There is a report on the accounting and business practices of Olam put up by Muddy Waters to justify the sell down. The shorting of the stock has been going on for weeks. Olam is resisting and defending its management and business decisions. These have become side issues. The main thrust is the shorting of the stock in the market. At this point in time Olam appears to be losing ground as there is no let up in the selling.
It was reported that 12% of Olam scripts were on loan, probably to parties that were shorting the stocks. Who is going to win this battle of wits or is it a matter of war chest? Muddy Waters on its own could do just so much damage. Could it still be shorting and keep exposing itself to bigger position, alone? Or is it working in coalition with other parties to short down the stock?
At the other side, is Olam buying and supporting its stock value? If Olam is defending its position just by clarifying its management decisions and not buying back its stocks, it is going to be a losing proposition. And working alone to defend a stock without knowing how many parties are in cahoot with Muddy Waters to press down the value of Olam is not going to work.
What are the big funds here doing? Are they shorting the stocks as well or just standing on the sideline waiting to see what happens? How would the crash of Olam, if the shorting continues, affect the general well being of the stock market and the financial system?
The other issues to note, is Olam deserving to be sold down? If there are fraudulent practices, the fate of Olam is as good as sealed. If it is just a management decision, a fair practice, would any party think it is good to prevent a viable company from being destroyed by short sellers?
No one in the market is any wiser except the insiders. Are the local funds and big wigs willing to join force to defend Olam, if they could think of a reason? Or would the big shareholders of Olam get together to defend their investment? Or would they join force with the short sellers and sell down the stock in the quiet hoping to buy back with big profits at lower prices?
Who are the players, the short sellers in this game? In any situation of such a nature, the wolf pack or hyenas would often strike in unison, as a coalition, and the victim would be defenceless on its own. This is the precarious nature of the stock market when funds can move quickly, in tandem to cause destruction of stocks, stock markets or the financial system of a country, particularly the small ones. It is rare to have a repeat of the defence against Nick Leeson or the onslaught of the HKSE by the taipans and the Chinese Govt. Is it fair game, market forces?
Najib kenna stabbed in the back
Must give it to Najib for trying so hard to woo the non Malay voters for the coming GE. He has done many things that were tabooed before, offering concessions to other ethnic interests. I must say that some of the fence sitters were wavering and could be thinking of returning to the BN banner. And even Mahathir said the moment is ripe for a GE. But he qualified that with time down the road, things could change and will change if the election is not called soon.
Unfortunately he has spoken too early. There was a news yesterday that a Chinese hair dressing shop was issued a summon for cutting the hair of a male Chinese by a female Chinese hair dresser. This is the new ‘law’ that the govt is pulling out to impose its value and lifestyle on other ethnic groups. When they don’t do it or cannot do it, other ethnic groups would not be allowed to do so. There is a new ‘law’ that Muslim female hair dressers can only cut the hair of female Muslim customers and male to cut the hair of male customers. Now this is being imposed on the non Muslims.
This hidden and deep seated obsession to impose its religious ethos, values and life prohibitions is going to remind the other ethnic groups of more to come. Would it be extended to no pork, no alcohol, no movies and no whatsoever, no lion dance, no religious parades etc etc?
Did Najib know that this is being done and is undermining his friendly gestures and olive branch to the other ethnic groups? It is interesting to know how the other ethnic groups are thinking now. UMNO will never know the truth, and neither will Najib know the truth until the next GE result is announced.
PS: Just read the paper, Correction, the hair cut summon was issued by PAS in Kelantan and MCA is taking issue with. Still this is something the non Malay parties are very high about. They just did not know when and who is going to up the challenge to see who is more ultra.
11 year old selling CD to pay for eye surgery
I was won over by the bubbly nature of this precocious little girl when she performed at the President’s Charity Show. She was confident, intelligent and very mature for her age. It was so painful to see her living life without sight. She was born with opaque cornea and unable to see.
Yerterday TRE carried an article of adelyn Koh composing songs and selling her CDs to raise fund for her eye operation. It is going to cost her $40k per eye and a total of $80k for both eyes. I wish the hospital could have done it for her for $8. It would be so nice and I will willingly pay for it.
The richest country in the world with the most millionaires per capita, and there is this little girl being left to fend for herself, to raise money on her own, for the badly needed surgery. She had done 4 operations without success. It was reported that she has just operated on one eye and still trying to raise the balance to pay for the next eye.
Wonder how much we paid for the conjoint twins for the operation held here several years back. Is there an eye surgeon willing to do a little charity to charge her less, to give her sight, to live like a normal child? Would the govt….never mind.
11/27/2012
Obama's potential opportunities for peace
Obama's potential opportunities for peace
Updated: 2012-11-23 21:30
By Han Dongping ( chinadaily.com.cn)
PART TWO
It refused to respect the Asian people's desire for freedom from outside interference in their own affairs. More importantly, the role the US chose to play in Asia at the time was destructive rather than constructive, and divisive rather than unifying. It sought to divide in order to gain.
It seems that the Obama administration has not learned a lesson from the failures of past US administrations. It still plans to play a more destructive than constructive role. The rise of China has benefitted the Asian countries, particularly South East Asian Countries tremendously in recent years.
But the US sees the rise of China as a threat, and seeks to check China's rise. Right now, the US has tried to utilize the territorial disputes concerning the South China Sea to stir trouble in the region in order to further its own interests. Some of the countries in the region, driven by short term interests, have welcomed US involvement in these regional disputes. But these countries should be aware of the consequences of serving as someone else's pawn. It is easy to invite the devil into your house but much more difficult to remove him later.
The Asian Countries are beginning to play more significant roles in the world's economy. And this growth will only continue to increase if they learn to peacefully resolve their differences without outside involvement. More importantly, Asian countries should never forget the harm that outsiders have done to them in the past, and they should work hard together to avoid the circumstances in which the outsiders utilize Asian country as pawns for their own gain.
President Obama should not attempt to play a divisive role in Asia. The Asian people have seen enough American wars on their land, and Asian people are still recovering from the destruction American military operations have caused in Korea, Vietnam, Cambodia, Iraq, Afghanistan and Pakistan.
President Obama promised the American people change during his campaign in 2008. He received the Nobel Peace Prize because of his campaign rhetoric for peace. Instead, his policy of troop surges in Afghanistan disappointed many people both inside and outside the United States.
Yes, President Obama was elected for a second term, but in many ways, that was more on account of the fact that the alternative was far worse, rather than any real satisfaction with the job President Obama had done thus far.
The people in the US want you to be an agent for peace. The people in Asia and in the whole world want the US to be a peaceful and constructive force. Now is President Obama's opportunity to redeem himself and make good on his claims for peace.
The author is a Professor of Warren Wilson College in the US.
Obama's potential opportunities for peace
Obama's potential opportunities for peace
Updated: 2012-11-23 21:30
By Han Dongping ( chinadaily.com.cn)
PART ONE
Obama's potential opportunities for peaceIn the wake of his successful reelection campaign, President Obama embarked on his trip to South East Asia to attend the Summit of the Association of South East Asian Nations held in Cambodia. Along the way, he visited Thailand, an important ally of the US and also became the first American president in history to visit Myanmar and Cambodia.
The Obama Administration has stated that a return to Asia would be the focus of its foreign policy for some time now. Most world media covering Obama's visit to South East Asia believe that this visit is a significant component of the Obama administration's foreign policy. A Washington Post commentary openly suggested that the objective of Obama's trip was to check China's growing influence in that part of the world.
For the past 60 years, the US has had a very troubled history in Asia and South East Asia. It started in supporting the unpopular nationalist government in the Chinese Civil War. After investing billions of dollars in the unpopular Jiang Family Regime, US foreign policy in China failed miserably when Jiang was kicked out of mainland China in 1949. In order to save its face and to provide a lifeline for the Jiang regime, the US involved itself in the Korean civil war and backed the unpopular and losing South Korean Regime under the mantle of the United Nations.
As the US-led UN forces crossed the 38th parallel and approached the Chinese border, the Chinese Government was forced to send volunteers to Korea in an effort to protect the integrity of its border. Outgunned, the Chinese volunteers, in collaboration with North Korean forces, pushed the US-led UN forces back to the 38th parallel where the civil war started, and forced the US to sign a cease fire. As a matter of fact, the cease fire still stands today in Korea, where the US still maintains close to one hundred military bases.
The US refused to learn its lesson from the Korean War, and soon got itself involved in the internal affairs of Vietnam. It first supported the French in its mission to reclaim its former colony after WWII. When the French were defeated by the North Vietnamese, the Americans took over where the French left off.
Starting from 1954, the US involvement in Vietnam gradually escalated, from sending military advisors to de facto war after falsely claiming that North Vietnam fired at American gunboats in 1964. The US dropped more bombs in Vietnam than all the warring parties combined during WWII, and after spending hundreds of billions of dollars and incurring hundreds of thousands casualties, it still could not have its way in Vietnam. In the end, the US had to leave Vietnam in disgrace and dishonor in 1975.
The US floundered in Asia in the past because of a combination of arrogance toward and ignorance of Asia and Asian people. At the time, it was overconfident from its victory in WWII, and its superpower position in the world with 75 percent of the world's gold, and 50 percent of world GDP.
PRC bus drivers acknowledge citizenship has privileges
The one day strike by the PRC drivers for SMRT buses caused a stir like a storm in a tea cup. It was greeted with cheers when it was announced. It was something that no one thought would happen in this peaceful and richest island in the world. It was more entertaining than anything else and with SMRT involved, gave it a more hilarious twist.
What was the issue for the strike. According to reports, the PRC drivers were unhappy that they were doing the same jobs as Malaysian drivers but were paid less. If this is factually correct, then management would have to answer for it. A word of caution, in such a situation, one must compare apple with apple. Is the nature of work similar? Are seniority and performance factors included? Are the PRC drivers being provided with free or subsidized accommodation that the Malaysian drivers were not? One has to take into account the whole compensation package and other relevant factors into consideration before making a judgement.
One interesting point raised by the PRC drivers is that they don’t mind being paid less than Sinkies, an acknowledgement that this is Sinkie country. And this point is relevant. Citizenship has its advantages. Otherwise might as well throw the piece of paper into the dustbin or flush it down the loo.
Sinkies must know that this is their country and they must not be treated otherwise, to be discriminated or disadvantage in their own countries by foreigners. Any thinking foreigner here must take note that this is Sinkeland and Sinkies must be the top dogs and not the other way. Is this the case? Are companies and organizations discriminating against Sinkies or treating Sinkies unfairly or favouring instead foreigners? I will faint if this is so. But looking at so many public comments praising foreigners, this could be the reality and daft Sinkies dumbly accept this situation as their fate.
Thank you PRC drivers, for reminding the Sinkies that this is their home, their country and they should be treated better than others.
Hidden soldier no move 按兵不动
This seems to be the strategy of the Workers party lately. Though there are many hot issues in the media and social media, in the Natcon, the WP apparently is no where to be seen or heard. I was getting a bit worried about the party and why they were not engaging the people in any way. I thought something untoward could have happened. The only thing I can think of is a deliberate strategy of not wanting to be in the news, play safe or play whatever you like, not to be in any controversy, just look after their constituencies, attend Parliament, and wait for the next GE while consolidating the party administration and position.
This ‘hidden soldier no move’ strategy is a strategy, but by not participating in any issue or conversation, it is kind of like a default to allow other parties to gain ground and presence, and some may even comment negatively that the Party is inactive.
In my view this is not necessarily a good strategy. A political party cannot be cut off from the people by disengaging, by not being involved in public issues, and by being silent. Maybe I am wrong and they have been talking and talking, except not being reported in the media. Whichever or whatever the reasons for this inactivity and reticent, it is not going to be good for the party. The SDP is apparently taking the initiative to champion the causes of the people which is something that the WP should be doing. SDP’s involvement is giving it a very high profile of being in the politics.
With its resources and the number of MPs elected and in Parliament, whatever its strategy, WP cannot afford not to engage and not to be seen and heard. They can’t be adopting this ‘Hidden soldier no move’ strategy for the next 4 years and to lose the ground and the goodwill it has gained since the last GE and by election. It may even become a negative point for the WP as an issue in the GE.
Let’s hope the WP is not facing any problem and thus unable to engage the people more actively and participate in national affairs in a more conspicuous way.
Singapore a model for China to fight corruption
In the latest CNA programme, Perspective, on China, the issue of corruption was thoroughly discussed by an eminent panel of professors that include Tommy Koh, Kishore Mabubani, a James Tang from SMU and a Huang Jing from the LKY School of Public Policy.
The most prominent point in the discussion came from Tommy Koh, that China would not be able to curb corruption like Singapore. He pointed out 3 factors that made Singapore’s fight against corruption a success. One, the rule of law, two, govt leaders that smell clean, and three, a ruthless regime to tackle corruption.
China’s rule of law is always found to be lacking. Did they have any law at all, or is their law fictional? Tommy also brought out the legend of Justice Bao of the Sung Dynasty who was the epitome of law and order many centuries ago. As for Chinese leaders to smell as clean as our leaders, this can only be done if they are paid millions instead of the being paid like impoverish peasants. With their kind of pay, it is just too tempting and natural to be corrupt. A low down Sinkie civil servant would likely be paid more than the President and Prime Minister of China. China should take this advice and pay their top leaders handsomely like Sin so that they would not be tempted to be corrupt. Singapore is the best model to adopt.
As for ruthlessness in tackling corruption, Chinese death penalty cannot be compared to the ruthlessness of the things Singapore had done? Sorry, I missed the points as to what were so ruthless in our regime that make the firing squad looks so tame. I also cannot recall anything that is more ruthless than the death penalty for corruption in Singapore. Or is it that death penalty is not ruthless enough?
I am not up to it intellectually or may not know the workings of our system to suggest what is best for China. I think what Tommy suggested make good sense. China must learn from us if they are thinking of eradicating corruption in the govt, to be corruption free like Sin City.
11/26/2012
PG for court hearings
What is the case all about between Ng Boon Gay and Cecilia Sue? Is it a case about promiscuity or about corruption? So far the case is more about detailed sexual acts, explicit, implicit, lewd, perversion, and nearly everything there is to make an X rated movie sell. The corruption part seems to be less important and superficially treated. It is like a violent movie with all the gore and blood with little care to the plot.
I think the censorship board should be called in to snip some of the scenes from being published in the main media or people may think that it is an evening paper or some wanbao.
Should the media also be rated for certain news like PG, under 18, under 16 like in the cinemas or on TV?
My view is that this episode should receive a PG rating at least if reported in the media.
The stupidity of scrip lenders
The lending of shares to short sellers in the stock market was originally a scheme to facilitate error trading by investors. Short selling was also an offence in many stock markets or at least discouraged for obvious reasons. The encouragement by stock exchanges to facilitate scrip lending to sellers who short the market to make a quick profit for the right or wrong reasons is turning into a game of stupidity for the owners of scrips. It also makes the exchanges look just as silly.
Scrip owners or long term investors are encouraged to deposit their scrips or make them available for short term loans in return for a small fee that is nothing more than the prevailing interest rate. To earn such a pittance, the investors risk the value of stocks they are invested in to be driven down to ridiculous level and to suffer heavy losses.
The latest case of Olam International is a glaring example of how stupid this scheme has become and how silly the long term investors were made to look. They were actually helping the short sellers to destroy the value of their investments by lending them scrips to short sell. How could stock exchanges encourage such a scam is unbelieveable.
In a period of 6 months, from mid May to mid November 2012, the number of Olam scrips on loan increased from about 6% to 12%. In the same period, the price of Olam was down from around $2.20 to $$1.70. This is a loss of 50c or more than 20% of the value in May. If 100 million scrips were on loan, it amounts to a loss of $50m. How much could the owners of these 100m scrips get for lending the shares to the short sellers, $500k?
Is this so difficult arithmetic to understand that the scheme is so nonsensical and daft to the long term investors? Scrip lending only makes sense when it is in small numbers and does not affect the price of the shares aversely. It is useful to facilitate the smooth functioning of a stock market. When it is being abused, when it is used to destroy the value of a stocks, why would investors want to participate in such a scam to incur losses? Why would stock exchanges think that this is a good thing to encourage and to make it so convenient to borrow scrips in big amounts to destroy the value of stocks like in the case of Olam?
You don’t need to be a genius to work out the sums and to cry foul. The only people who could benefit from this scheme are the short sellers and long term investors who are also shorting the market to buy them back later. Obviously there are some long term investors with big holdings that would participate in such a scam. In the Olam case, the owner, the biggest holder of the stocks, is crying foul as a huge sum of money has been wiped out from the value of the stock. Olam International, as the major owner, cannot participate in such a scam as it would be questioned and may even be found guilt for insider trading or share manipulation. Other than Muddy Waters, who are the other best scrip lenders that are making a killing in this sell down? Unlikely to be Olam.
This can happen to Olam and any other stocks, the minority shareholders and the owners would be the ultimate losers. The manipulators would be laughing to the banks cause the stock exchanges allow it through the scrip lending scheme and short selling.
In praise of the brilliant policies
Two key issues dominated the Natcon recently. Public housing is still affordable and CPF savings for the young will be enough when they retired. Some could add a third, the PSLE. I fully agree with the survey and comments that public housing is affordable and the CPF savings of the young will definitely be enough when they retired.
The caveats. As long as the repayment term is flexible, as long as the rubber band formula does not snap, public housing is affordable. (My personal definition of affordable is one income and a 20 year repayment at not more than 30% of monthly salary. Sinkies must not blindly subscribe to the deception of a moving reference point that makes the next astronomical number looks like only a small increment. It is a sneaky way of reasoning to make the unreasonable appears reasonable). It is time to put a stop to this unending Natcon that public housing is not affordable. It is affordable! You need proof, well just look at the queue and the happy buyers of every BTO launch. You want real numbers? There was a case where a buyer’s monthly income is only $1,000 and he could buy a 3 rm flat, or was it 4 rm? Then there was this couple who earn less than $12,000 pm and could afford to buy a $1.77m executive condo. These are hard proofs that at both ends, public housing is definitely affordable. Other wise there will be no one buying them. And for those who cannot afford to buy, just too bad, work harder and earn more or lower your expectation, buy within your means. But if you earn more than $12k, buy within your means also, empty your wallet to get a private property. It is prudent to spend every cent you have for a private property.
As for the savings in the CPF, sure, I am 100% sure that the young will have plenty of money in their CPF when they retire. The fear that inflation will eat up everything in the savings and turns the currency into banana notes is unfounded. When inflation goes up, just increase the amount to be saved, to be kept in the minimum sum. So easily done. If inflation goes up by 200%, make sure that the minimum goes up by the same amount or more. By then, if a plate of char kway teow is $1000, no sweat, the minimum sum could be $20m. So much moolah! As long as the minimum sum formula is as elastic as a rubber band, it can be stretched and stretched to accommodate the slack. I would even guarantee that it would be affordable when the young hit retirement age at 80 or 90. There will be plentiful of money in their CPF. Don’t worry about the value of the money. Don’t worry, I won’t be around.
In conclusion, these two topics should cease to be national issues for discussion in the Natcon. Natcon should be used to discuss about happiness, graciousness, kindness, harmony, and how we want the country to be in the future.
11/25/2012
In conversation with Mother Nature
This is a new piece that I have created. It is untitled and not in my Exhibition.
In conversation with Mother Nature
We used to be very close to Nature, living off Nature and
walking with Nature. Those were the days when people were living on landed
properties, be they attap houses, zinc roof wooden huts or simply some mixed
mesh of structure to provide shelter, and spent the days in the field, in the
sea, farming for a living. The animals, pigs, goats, fowls, cats and dogs lived
in close proximity with human beans, sharing the same common space.
In a highly urbanised lifestyle, it is not surprising that
many children today did not know what a chicken or duck looks like. Their lives
circulate from one concrete building to the next and revolve around modern
gadgetry. The only chicken or animal they know are in small pieces on the
dinner table. The closest they get to Nature is likely to be a walk in the
rain.
I have been in conversation with Nature daily, in a way,
through my art. My 7000 pieces of raw images of simply water taken with my
camera will keep me busy for years trying to figure out what Nature has
imprinted in them. Daily I will work on a few pieces, reviewing and
manipulating them for an insight into the thoughts of Nature. Every frame of
digital image that looks innocently bland and boring contains a hidden image or
message, or many images and messages that are waiting to reveal themselves.
Every picture or photopainting that surfaced is the end result of hours of
negotiating with Mother Nature, attempting to understand what Mother Nature
wants to show to the human world.
I spend many hours daily working with Mother Nature and
talking to her, through her works that are deceptively concealed in the
unassuming form of reflection and refraction in a pool of water. Sometimes I
wonder if it is real, that Mother Nature could be behind all the photopaintings
that came forth like a magician and his doves or pulling a rabbit from a hat.
Sometimes I wonder if what I finally put into print is the ultimate image that
Nature wanted. Sometimes I wonder if there is a message, a hidden message of
some kind that Nature wanted to tell us.
Everytime I attempt to look at another perspective, a
totally new concept and picture could appear that is entirely different in
nature from my earlier interpretation. It is like trying to discover a mystery,
to understand Mother Nature through her paintings. Through my photopaintings,
Mother Nature is like being there with me, occasionally tipping me off with a
little exciting shades and shapes that would lead to more fascinating ways of
looking at something so common and unemotional, a reflection or refraction of
nothing but light in water. This is going to be a long conversation with Mother
Nature and is like an unending journey, as I have only taken my first step, a
tip toe, into this wonderland of paintings out of thin air, or simply water.
Catching spiders, flying kites and PSLE
While many oldies reminisce daily about the good old days of
catching spiders, flying kites and 5
stones, as if these were the greatest things to happen
in their lives, and wanting the young of today to share their wonderful
amusements of the past, do the young really appreciate or want to appreciate
these primitive distractions of days of poverty? Would they care a dime or want
to spend a second to ponder what the excitement was about?
What is really in their mind, what is really exciting to
them is beyond the grips of the oldies. Their fantasies and passions today are
things that were out of this world in the times of the babyboomers, unheard of
then and still alien to many of them today. In their lips, in their sleeps, it
is things like BoA, EXO K and M, TVXQ, and Shinee. Now what’s that? Not a clue.
These are the young sensations from Korea,
the K pop generations. They are in town to perform live at the floating
platform in Marina Bay.
The young have been queuing 2 fortnights in advance for a front row seat
costing many times more than a kite.
These young performers are earning real good money that
comes with fame and a big following of fans. They are celebrities in their own
right while in their 20s and could be making more money than our scholars. Who
cares about PSLE? What is PSLE? Not that they did badly in their school days,
but PSLE is almost irrelevant in their success.
Our young are only there to be spectators to their success,
to pay to watch them, probably because of PSLE. They have no time, no passion
for anything except PSLE while these entertainers are having a ball of a time,
travelling the world, wowing their little innocent fans that probably have a
few sheets of model answer papers in their bags while at the concert. And in their
spare time the Sinkie young were enticed to visit the museums to admire the
good old days of their parents, how great a time they had with little beads of
seeds, match boxes to hold spiders, catapults, and what primitive little toys.
Why are our young so imprisoned in a small and uncreative
world of books and PSLE and ancient toys and not aspiring to be world beaters
on their own, to be provocatively creative and exploring the new frontiers like
Gangnam or K Pops? If the young Koreans can do it and be such an international
success without PSLE, why the obsession for that piece of paper as the end all
of living happily and having a good time?
Would our little ones be inspired to new challenges and not
be bounded or trapped by the PSLE forever, and complaining about stress that is
not worth it? I would suggest that all the parents bring their young to the Marina
Bay and see a different facet of
life, of living life, of creating something new beyond old mindsets and be
emancipated, and to set their young free on a course of discovery and finding
new meaning in life.
11/24/2012
China's "Positive Influence" on ASEAN growth
China becomes 'positive influence' on ASEAN growth
Updated: 2012-11-06 17:59
( Xinhua)
The PM made the remark with a group of foreign correspondents on the sideline of the Ninth Asia-Europe Meeting Summit in the Lao capital Vientiane.
He urged ASEAN countries to actively engage with China. "With its inevitable rise, China can be a positive influence in terms of economic development particularly in this part of world."
As a major global player, China has been providing impetus to the economic development of the Association of Southeast Asian Nations and the bloc's members like Laos is getting a lot of injection of Chinese capital for developing the region's hotspots like the Mekong area, said Najib.
"If you look to this part of the world, they see China as a strong and benign economic force."
As for China's role in facilitating Europe's economic recovery, Najib, who once served as Malaysia's Minister of Finance, said European countries hope that China could rebalance its economy, put less emphasis on export but on boosting domestic demand.
The two-day event, the ASEM Summit, the biggest international conference the country has ever hosted, gathers heads of state, government as well as ministerial officials from its 51 members. Global economy and financial situation top the meeting's agenda.
Within the frameworks of ASEAN, ASEAN+1, ASEAN+3, ASEAN Summit, among others, said Najib, there is enough "collective will" to ensure that ASEAN and China could work in a very cooperative way.
Emergence of alternative elite
When a storm is brewing, the little creatures will stir, be they in the sea or on land. They are able to sense the coming of a major climatic change. They are more sensitive than any human made instrument or gadget to detect weather or geological phenomena. A political storm is in the making that will bring about great changes in our national landscape. Some have sensed it coming and have started to rise from their slumber.
The last GE saw the surfacing of many new faces that are professionals in their own right, very credible people, to stand for election as an alternative to the present govt. We are now seeing a continuation of this movement, with more elites standing up to offer alternative views that are equally cogent and coherent and sound. This group comprises mainly the ex civil servants or ex establishment. The latest candidate is in Yeoh Lam Keong, the ex Chief Economist in GIC. He has joined the ranks of Lim Chong Yah, Tommy Koh and Ngiam Tong Dow. The earlier batch of ex’s is already in the political parties, the likes of Tony Tan, Hazel Poa, Benjamin Pwee, Tan Jee Say and Tan Kin Lian.
It is still a trickle and it may not be long before the tap flows at its full capacity. Every notable that stepped forward will be an inspiration for more to follow. They will also beat a path for their peers, friends and fans to walk through.
There were criticisms that many of the ex’s have come out too late, that they should have done so earlier, or said what they are saying now when they were in the establishment. This may be a bit unfair as the situation has changed in the last decade or so. The ruling govt was the darling of the people in the past when the ex’s were in service. The ex’s must have contributed the good stuff and the failing fortune of the ruling party today must be due to the absence of the ex’s in some way.
I have noticed another development, still in its infancy. Some elites in the establishment are appearing to be wavering or feeling uneasy. They are not making their feelings felt too noticeable yet but are starting to question the wisdom of the establishment in a polite way. Some are starting to acknowledge alternative views as sound and reasonable. Maybe they are waiting for the flow and will go with the flow when it changes course.
A more dramatic change will come when the old oak tree falls. That could mark the real change to come when some in political office would stand up to be different, to want to be their own men and women, with a viewpoint of their own that have been suppressed in the name of conformity and party. When this happens, it will be the culmination of all the little changes that have been taking place, to start a new chapter in our political history.
The trickle has started. A tornado can have its origin in the flutter of a butterfly in the Pacific Ocean.
11/23/2012
Powdered coffee 'creamer' isn't food, it's processed chemicals
(NaturalNews) Every day, millions of Americans add powdered coffee "creamer" products to their morning cups of joe because they falsely believe that these substances are somehow healthier than real cream. But little do they know that most coffee creamer products contain no actual cream,
or food for that matter, as they are really nothing more than a crafty blend of toxic chemicals.
When powdered coffee creamers first came onto the scene back in the 1950s, they actually contained real dehydrated cream and sugar, which made them a convenient, non-perishable source of cream
for coffee. Over time, however, manufacturers began to phase out the cream, and replace it with
things like processed vegetables oils, stabilizers, chemical sweeteners, and other additives that
were less expensive and that more easily dissolved in coffee.
Today, the average canister of so-called "creamer" substitute contains not a trace of actual food,
at least not food in the technical sense of the word. Take the Coffee-Mate brand of coffee creamer,
for instance. The original powder flavor contains corn syrup solids, hydrogenated vegetable oils,
and a handful of stabilizing, emulsifying, and flavoring chemicals (http://www.coffee-mate.com).
Not only is there no "cream" of any kind in Coffee-Mate's Original Powder, but there are also no
natural food ingredients whatsoever. This is why some countries actually require that powdered
coffee additives be called "whiteners" rather than "creamers," since they do not actually contain
any real cream.
Corn syrup solids and hydrogenated oils are highly-toxic 'non-foods'
Though both are derived from real food, corn syrup solids and hydrogenated oils are not technically foods themselves. To produce corn syrup solids, corn kernels are first transformed into corn starch, which is then chemically treated with hydrochloric acid, a highly-corrosive, industrial chemical solution that is also used to make plastic materials. The resulting liquid goo is then processed again and dried to form dried crystals -- delicious, eh?And hydrogenated oils are produced using a similar chemical process that involves subjecting already heated, pressurized, and highly processed oils to various chemical catalysts and metals such as nickel and platinum that change its density and molecular structure. The final product is the definition of a trans-fat, which are linked to causing heart disease and death (http://www.naturalnews.com/
Then, there are ingredients like sodium caseinate, a milk derivative; mono- and diglycerides;
sodium aluminosilicate; and artificial flavor, all of which are non-foods as well. Sodium caseinate,
for instance, is derived from a milk protein known as casein using a chemical extrusion process.
The chemical alteration is so significant that the U.S. Food and Drug Administration (FDA) does not even consider the final product to be a dairy product.
And sodium aluminosilicate is an anti-caking, flow agent chemical additive produced specifically for use in processed food items, laundry detergents, and other dry, powdered products. Like its name implies, sodium aluminosilicate contains toxic aluminum, which is linked to organ and tissue damage, bone disorders, gastrointestinal problems, Alzheimer's disease, cell damage, and other problems (http://www.angelfire.com).
If dairy is problematic for your dietary needs but you still want to add creamer to your coffee,
it is important to always read ingredient labels and carefully avoid all powdered creamer products
that contain artificial ingredients.
Some great non-dairy alternatives to conventional creamer products include liquid coconut creamers like those made by So Delicious (http://www.
Sources for this article include:
http://en.wikipedia.org/wiki/
http://www.naturalnews.com/
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