In search of Excellence in mediocrity

There was a hush hush party in one of the top primary school. The students and parents were invited to a midnite celebration in the school compound. It had to be midnite to keep out of sight from the glare of the public. No one should know except for those connected. The principal and staff were quite apologetic for the stealth arrangement instead of grand party.

The school and the parents were celebrating the top student in the PSLE, out of sight so that no one would feel pressurized by the presence of the student. Attendance was by invitation only.

This is the new ethos of Sin City. Top achievers cannot be named. From now onwards, no one will know who is the top income earner in the City. No one will know who is the richest man. No one will know who owns the most properties. No one will know who wears the most hats. No one will know who is the biggest gambler.

The top student of the year will go around like he/she has committed something offensive or obscene, like a leper, to be hidden from the public eyes. What a shameful thing to do to a child who has done something so glorious and meritorious. Oops, shouldn’t have mentioned the word as it is linked to meritocracy, or is it meritocrazy?

There are several parents still bitching about this change in the media forum. Why don’t they let the sleeping dog alone. It’s water under the bridge. Now who is that poor girl or boy who scored so obscenely in the PSLE?

Olam too big to fail?

Olam is raising $1.25b in a bonds and warrants issue exercise to strengthen its liquidity position. Temasek Holdings, its major shareholder, has pledged to pick up all remaining bonds and warrants that are not taken up in a show of confidence or a show of faith. Muddy Waters is still holding on to its position that Olam is over stretched and is a risky bet. Several analysts and brokerage have also issued sell recommendations and MayBank has revised Olam’s value downwards to $1.42 from $1.75.

This Olam saga is becoming the biggest betting game for the moment with investors and analysts making guesses both ways. What is the real picture of Olam’s financial health is going to be of great interest as a bad call or a bad turn could make many investors win or lose big time.

Temasek is betting big this time round and it could mean many things. Is it a case of Olam being too big to fail and Temasek has no choice, being too deeply into Olam it has to boost up some support to protect its position? Or has Temasek done its homework thoroughly and betting a winning horse? Only time will tell as the parties on both sides of the bet are equally convinced of their positions.

Even with the financial data on the table, it is not easy to know the true picture of Olam’s financial standing or its viability as a business concern. It could end up a big win for Temasek or holding on to a big lemon. Is anyone wiser? This is supposed to be business analysis and not buying a gambling chip in the casino, but it seems that it is the case at the moment.

China must behave like a super power

China’s self restraint is becoming a joke to the little countries in Asean and they think they can make groundless claims against its territories, arrest Chinese fishing boats and fishermen and China cannot do anything about it. In the view of Asean countries, China is just a paper tiger. Just shout at China, call it a bully and China will quietly back off.

China needs to act like a big power like the Americans, the Israelis or the Japanese. It must be more willing to flex its muscles to hammer the little trouble makers coveting its territories. At the worst, it must act like the Indians as a regional power. In the Indian Ocean, no countries would dare to trifle with the Indians. It will lash out with whatever it got to any adventurers.

The Indians are moving into the South China Sea. It has declared that it is ready to protect its oil interests in South China, an open affront to China’s dispute with Vietnam. The Indian Navy Chief Admiral D K Joshi said that India is prepared to act, if necessary, to protect its maritime and economic interests in the region. This is as good as telling China that it will go to war with China. And no one is saying India is escalating tension in the South China Sea. That is how a big power should act and behave to keep the little countries out of its way.

At the moment, if China would to say such a thing, the little countries will scream that China is acting aggressively and the US will join in. China must get use to act like the Indians and soon the little countries will learn to accept it. And China must be prepared to slam them if they misbehave in order for them to behave well.

When asked if India is prepared for it (war with China), the Admiral said, ‘The short answer is yes.’ So what is China going to do about it now that India is stating its claim in the South China Sea?

China can respond by being meek and diplomatic and pretend it did not hear anything. China can react by sailing into the Indian Ocean and declare the same that it is there to protect its interests and is prepared for it.

Would China chicken out and be called an aggressor still, an aggressive power at the same time? Or would China just do it, behave like a super power and wield the stick to keep the hyenas away? Like it or not, it will always be called an aggressive power no matter how submissive it tries to be. It is time to kick asses. If China refuses to do so, it will invite more aggressive manoeuvres from the little countries with the Americans behind them. And India is joining the fray as the point man. More trouble and provocations will come China’s way.

Singapore can become that Greater Society

This is the title of an article in Today written by a young doctor. His message is clear. Taxation must be progressive and not regressive. He did not say it, but GST is a regressive taxation where the tax burden falls heavily on the lowest rung of the economic ladder. Do not be deceived by whatever clever talks that GST is good for the poor. It is not. And abolishing of estate duties to allow the super rich to keep their wealth intact is anything but progressive.

Though the young doctor, Tan Wu Meng, commented about many issues, the main crux of his article can be summarized in the following quotes, ‘When all is reduced to price(money), we lose track of the priceless. When a mentality of winner takes all takes root, it takes away something from our society.’ The brackets are mine.

Some may comment that the young doctor’s view is full of youthful idealism. Some may call him stupid as the real world is all about how much to grab, and corruption can be eradicated by paying upfront, legally. These are the hard truths that young people cannot understand. They are not greedy yet.

I would like to disagree, and I believe that life must be filled with youthful idealism to achieve that greater goal of a better people and a Greater Society. The fact that Tan Wu Meng said that Singapore can become that Greater Society is as good as saying we are not there. He also made several pertinent points that I would like to reproduce here to give credit to him.

‘Inequality becomes particularly corrosive to society when people no longer see a path upwards; when those on top do not give a helping hand – or worst, having climbed to the next level, pull the ladder up after themselves and pretend the ladder was never needed in the first place. The meritocratic system begins to fray when great success breeds a sense of great entitlement, rather than the calling of great responsibility to others….A nation’s defence is incomplete unless each citizen feels he has a stake in the future, that he is part of something greater, that he is fighting for more than just another person’s possessions.’

I could not have said it better. This is part of the bigger stirring that is going on. Those who can think are not happy with a situation that looks perfect on the surface, but the truth is further than you think. This young doctor is saying it in a less than subtle way and representative of the polite elite who wanted change but not pushing their points too hard, not wanting to ruffle feathers.

Would his message get through? Would this be picked up in the Natcon as a vital issue to be addressed?

PAP and all the good policies

Why was PAP the party and still in power after 46 years? Obviously it has done many things right, not all. The Sinkies are not dead fish that cannot tell the difference between good and bad policies. Let me just name a few without being exhaustive. Among the best known PAP policies must be asset enhancement, high pay for ministers to fight corruption, high public housing prices(oops, affordable), high fees for good value of services, high influx of foreigners for high growth, high population density, high COEs/car prices, high medical fees(this is related to value for money), high CPF savings, high minimum sums, just to name a few.

And the magical thing about all these policies is that they all work excellently. The country has prospered and the happy are rich beyond anyone’s imagination for a piece of rock without natural resources except people talent, local and foreigners.

But why are there so many grievances and growing? I think it is all a matter of perception. The people did not understand how good these policies are to them and how they have benefitted from them. In a way the people are really daft for not knowing what a good life is, 人在福中不知福。

Maybe there is a real reason for the unhappiness, perceived or otherwise. The policies are damn great and damn effective at one time. I think, this is my personal opinion, the reason for things looking bad, is that they forgot to put on the cap. Having fun is ok, but never forget to put the cap on.

Imagine when there is no cap for minister’s salary, by 2030 it could be $30m each. HDB 3rm flat could be $2m each, COEs could be $1m each, population could be 20m and growing, because got no cap, CPF minimum sums could be $2m each, CPF withdrawal date can be eternity(of course I am just exaggerating) and everything will be similarly risen in cost or price. That I think is the problem why the people are starting to fear for the future. But the people definitely cannot see the salary of a cleaner be $10k per month or a fresh graduate getting a starting pay of $30k, an average worker will be paid $50k a month. And of course by then everyone will be dreaming of becoming billionaires. Becoming millionaires is passé, irrelevant. It is all possible when there is no cap. In short, it is all a problem of going ahead to enjoy the good life without a cap.

Don’t you think so? The policies are all working extremely well.

Bedok/Punggol Branch Chairman – Do not harden hearts

The speech by Bedok Reservoir-Punggol Branch Chairman Victor Lye as reported in the media is most interesting. What he said were important. What he did not say were even more enlightening. I will adopt a ‘read between the lines’ approach to understand the gist of his speech.

The title as reported, A need to ensure PAP does not ‘harden hearts’ is as good as confirming that hearts have been hardened. He referred to the Hougang voters as a case in point. How and what did the PAP do to harden the hearts of the Hougang kias is interesting though no one is talking about it. This is the first admission of this fact.

His recommendation to win back Aljunied is to go with the flow, knowing that it is the national desire for alternative voices in Parliament. How is he going to do it? ‘In Aljunied, we must be prepared to argue for policies that are different from the Govt, even if they are somewhat similar to the Oppositions’. This is simply genius. The Aljunied voters will get an opposition in Parliament no matter who they voted. And this opposition will speak against the PAP policies, right or wrong, because the people want an opposition to do just that.

He also addressed the issue of transport and housing which he said was a perception that these policies were aimed at maximising profits. Really, if it is just a perception then it should not be a problem. Just communicate and explain and the perception will change and the problems will go away.

His other recommendation on transport is that Singaporeans should be put ‘at the heart of the policy while achieving operating efficiency’. Read between the lines, Singaporeans were not put at the heart of the policy while achieving operating efficiency. Is that the case?

His concluding statement for winning back Aljunied, ‘we need to make clear that we have candidates with the right party values’. What are these values? I am sure, very sure, that George Yeo had all these values. But he still lost. Now I am not sure who the PAP is going to put up that is better than George Yeo, that have understood PAP values better, to win back Aljunied.

Anyway, it was an amazing speech with a lot of revelations. It is good that the media reported the speech almost in full. Good speech, and good understanding of the problems or perceptions of the problems PAP is facing.

Desmond Kuek, spoke on SMRT issues

It is good that WP has joined in to have a say in the SMRT drivers strike. It also called for fair treatment of workers and decent and living conditions. Apparently no one knew that the PRC workers were having problems in compensation and living in less than decent quarters. The fact that there were admissions to such allegations is proof that things have to be improved. This blind syndrome of seeing but not seeing is becoming a disease affecting Sinkies. It is the consequence of marginable and incremental changes that led to the acceptance of gross indecency without being noticed as the reference point is the last case. It is like earning a million bucks and getting a 5% increment of 50k is nothing without knowing that the starting point was a $50k base salary.

By now it is clear that the main issues to the labour dispute were pay and living conditions. The latter is easier to resolve as workers, especially captains, need to live in conditions befitting of a captain, not a labour camp or abode fit for foreign workers. Good that the SMRT management is looking into the matter now.

As for the compensation, it is not as simple as it looks like. Compensation has to take into account a whole lot of factors, qualification, experience, seniority, performance, allowances, benefits etc etc. And in this case there is another factor of nationality. It is frequently heard that Sinkies are paid much more than foreigners. This could be true and could be a myth. Sinkies too expect to be better rewarded as citizens of the country while foreigners, in this case, even deferred to the privileges of citizens. Only those foolish foreigners working here would think that they should be treated and paid equally as citizens, or even better, as they are here to help the citizens and to provide jobs for the citizens. Where did they get this crazy idea from?

From the numbers available in the papers, it seems that the PRC drivers were paid just as much as the Malaysian drivers but in different combinations. If this is so, then it is a failure on the management to explain the whole compensation package to the PRC drivers. Think communication. They could even offer them the choice of a Malaysian driver’s pay package without the allowances for accommodation and transportation. Are there other benefits that were provided and not computed or explained that were fair or unfair?

There is one very important factor that no one wants to look at and think that if not spoken, it is not there. This reminds me of the Ostrich School of Thought. Many of these workers secured the jobs after paying a hand or a leg to the employment agencies and needed an equitable income to repay the money often paid using borrowings. How would this play up in their minds as to how much they are getting on the job and the debt incurred? This cannot be dismissed off as a non issue. It is a very serious issue that would affect the job performance and mental stress of the drivers. Any driver that thinks he is getting a raw deal will not be giving his best and would end up as a potential problem to the company and even a danger to his passengers and anyone on the road. Management may ignore this, but it is part of the driver’s computation for a decent return for his labour.

There are also obvious differences in terms of employments between permanent employees and contract workers and cannot be simply used to exaggerate the difference as discrimination. The bottom line is that the total package must be equitable and fair to all parties but not necessarily the same. There are elements of just compensation for the job and fringe benefits due to other considerations, like seniority and performance and even cost of living.

In the case of cost of living, paying Sinkies a few dollars more is not positive discrimination as the cost of living is much higher than foreigners. Paying the Sinkies the same as foreigners is really underpaying Sinkies and that is perhaps the main reason why Sinkies are shunning from lower paying jobs. It needs a lot of money to live and survive in this first world city. There are family and social commitments and high cost of everything to pay for.

So, is the compensation package for the PRC drivers really lesser than those of Malaysian drivers and are there genuine and valid justifications for the difference that can be explained to the PRC drivers? If the package is fair, it is then only a matter of being transparent and making the PRC drivers see the fairness of the scheme. Short changing or exploitation of workers, local or foreign, can only work for a while. The truth would soon bear its weight on the culprits of bad HR practices. But don’t always blame the HR practitioners. Often it is top management decision and they were just carrying out the policies from the top. HR professionals should have the gumption to take on management for a fair deal before negotiating with the worker. In reality many would not be able to risk walking out on a job when there is a big mortgage to pay and a family to feed. Management decision is final.

Dumb and daft workers, ignorant and illiterate workers that would blindly accept unfair practices are a thing of the past. But can the management see it, with their super talented team? The reigning philosophy of the day is that workers must be cheaper, better and faster while top management must be paid millions and millions more. Desmond Kuek has been quoted to say this, ‘There are clearly managerial, structural, cultural and systemic issues that need addressing.’ From my experience, management tends to take HR issues for granted and often think they could get away until it is too late. And HR will become the sacrificial lamb.

Picasso and Mother Nature: A piece of rar art

This is a colourful piece of contemporary art painted by Mother Nature.

When ‘resident’ is becoming a hideous word

A front page article in the ST today has a heading ‘Singapore residents’ employment rate up’. The article went on to provide figures on the employment rate of residents in various age group and how many oldies and housewives are returning to the job market. I combed through the article and found two words missing, as if it was a deliberate effort not to have them mentioned. Not a word was mentioned of Singaporeans and citizens. What does this mean or what implications are there when it is all about residents and not citizens or Singaporeans? After all the hue and cry over PRs being treated like citizens or getting better privileges than citizens, many new policies were churned out to differentiate the differences between being citizens and non citizens. The citizens were angry that they were taken for granted, like step children and being ill treated. Some of the measures have placated the emotional strain and the lesser economic and social opportunities caused by the presence of residents or primarily PRs.

From the content of the article written and the primacy of the term residents, what is the message? Is this a country where residents and citizens are indistinguishable, to be treated in the same light again? Why is there no mention of the word citizens in the whole article? Is there something about citizens that is unmentionable or unpleasant to be mentioned? Or is it that the people must not know the difference between citizens and residents, that statistics may tell the truth of a picture that the citizens may not be happy about?

The refrain from providing statistics about the welfare and well being of citizens, and the lumping of everything under the cover of ‘residents’ is screaming out loud a message louder than intended. By not saying it has the reverse effect of saying too much. There must be a difference between citizens and residents and in favour of citizens, not the other way. Check out the statistics dished out and figure out why citizens or Singaporeans were never identified separately. A country is primarily for its citizens and not residents only.

China’s response to the US pivot

For the last few decades of its rise as an economic giant, China has adopted a low profile in its relations with its neighbours other than trade and economics. It was always a meek giant, allowing little countries to bully its people. Its fishermen have been arrested by South Korea and Japan, chased away by Japanese coastguards from the Diaoyu group of islands, and Vietnam and the Philippines had on many occasions arrested Chinese fishing men and boats in the Spratleys and the Paracels. Some of the fishing boats were hauled all the way to Manila like little thieves. It was a grand display of power, and humiliating to China.

In spite of all these provocations and harassments, China kept a very low profile, not even diplomatic protest.  It refrained from engaging in any military conflict or confrontation with its neighbours’ hostility. This was be interpreted by some cocky neighbours as a sign of weakness, that China was unable to defend its interests or protect its people. It was also seen as military weakness, that China feared an open conflict with the US. And as long as the US is in the picture, the little pesky countries could run circles against this toothless giant. They aggressively challenged and claimed islands that were historically founded by the China.  

All of these are changing. The most dreaded US 7^th Fleet is no longer a factor in a naval conflict in the East and South China Seas. They have been neutralized by the commissioning of anti ship missiles in China. The playing field is more level and China would no longer hold back to provocations by little pests. Any more signs of weaknesses could see its claims to the South China Sea islands ended under the control of the Americans through their proxies. Also, weakness will only invite war and heighten the risk of war.

China has to stand up as a major military power and shaft its stick up the asses of little pesky countries that think they could rely on the Americans to take on China. It is unavoidable that a conflict with the Americans will come to a head. It is only a matter of time as the US is moving its military machine from the Middle East to the region. In fact taking a strong and firm stand and whipping the asses of the pesky countries would reduce the risk of war with the Americans. Once the little countries know that China will kick their asses and willing to take on the Americans, the nonsense will stop.

China has just done that by authorizing its naval police ships to board and arrest foreign ships violating its territorial integrity. Looks like the first ship to be boarded and haul to Hainan will be the biggest battleship in the Filipino Navy. Let’s see how gungho the Pinoys are to provoke the Chinese and attempt to arrest Chinese fishing boats again.

China will no longer tolerate the aggressive provocations of little countries and must whip them if it is to be taken seriously. There is no other way. The earlier style of diplomacy and appeasement, of avoiding trouble even when her fishing boats and fishermen were harassed and arrested by little countries is over. The little countries must take note of this new position of China. It is only doing what is needed to protect its territories and people like what any country will do. The trouble makers have set fire in China’s courtyards and it must act or get its house burnt.

In Syria the Americans are contemplating on escalating the fight by direct involvement of American forces, just like in Libya. This is how friendly big powers behave and gain respect, and fear. China has to emulate the big powers like the US and tell the little countries not to trifle with her interests and they will get a wallop in the face. Kindness and refrain from retaliation is a bad policy and will be misunderstood for weaknesses and will invite a continuous string of provocations and aggression. China’s tough stand in the South China Sea is to defend its territories from foreign encroachments, to ward off unfriendly and hostile overtures by silly little countries. It is not an act of aggression like what the Americans are doing in the Middle East and contemplating to do in Syria. It is an act of self defence.

The tougher stand will ruffle a lot of feathers as the little countries are used to a submissive giant that would turn the other face. After the initial grumbling they will understand the meaning of correct and proper diplomacy and what is being polite to a gentle giant. Do not cross the line.

Olam did the right thing

Olam is perhaps the first locally listed company that stood up to defend its position in the face of an attack to run down the value of the stock. This has saved many investors from having the value of their investments wiped out over night. Olam’s price is holding steady at 1.55. It could be seeing $1.20 or a run with its value crashing if Olam did not stand up to fight. The act itself is an assurance and affirmation that the management is confident of what they are doing and no hanky panky operations is going on.

And also must thank Temasek for speaking up to in support of Olam. Otherwise, its investment in Olam could also be sold for a song and another big write off. The position of Temasek is very important to hold back local investors from shorting the counter to kill off Olam.

The battle is still not over yet. The selling is still going on. No one really knows who or how many funds are behind the sell down of Olam. It can’t be just computer trading that is putting the pressure on the stock. The final picture is still unclear and this could be a temporary hold fire stage. The collaborators could come out selling again when the coast is clear. They have not show hand yet.

This is frightening, really, please wake up.

“For a member who passed away on or after 1 July 2006 during his/her hospitalisation, he/she can use his/her Medisave savings to pay for the last inpatient hospital bill in full, without being subjected to the existing Medisave withdrawal limits. This is because the need to save for future healthcare needs is no longer relevant”.

The above was quoted in Leong Sze Hian’s article on the ‘Erosion of CPF protection from creditors’ in the TRE. Read the intent and purpose of this change carefully. I swear I will not admit myself to any hospital in my dying days to help them clean up my savings in the Medisave.

No say I never warn you. This is a very brilliant and compassionate and merciful change to help the decease pay for everything he owes to the hospital, to the last cent in his Medisave. He will die a free man, free of his savings in the Medisave, with not debt to the hospital and nothing left for his dependents or children.

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.

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 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.

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.

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.

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.