nkf reserves, 4.5, 7 or 30 years

this is getting to be very exasperating. it was 3 years before the court case. during the court case it became 30 years. a week ago it was 4.5 years or 7 years. today a forumer in the straits times, cheong wing lee, worked it out to be 26 years. cheong's figure is based on an annual expenditure of $19.6 mil against an interest income of $7.8 mil from the $206 mil in reserve plus a govt grant of $4 mil. this gives an annual shortfall of $7.8 mil. $206 divide by $7.8 will give 26 years. then there is the monthly donation of $1.7 mil which gives a total of $20.4 mil a year. this alone should be more than enough for the 19.6 mil expenditure, without having to touch the $7.8 mil. assuming that nkf did not go an an expansion drive to build more facilities, the $206 mil can last forever. and the $7.8 mil interest will actually be a surplus! now which is which? can all the experts and finance people please tell us what is the correct number? the public deserves the truth. or can the newspaper get someone to do some investigative reporting and explain to the public, once and for all, what is the true number?

we are doing well. all is well.

hsien loong said we are doing well and can look forward to better things. all the restructuring is a big success. with so many good news, how can we be not doing well? we have a big reserve to cushion us for many years, short of an unimaginable crisis. as a nation we are rich. we have gone pass the days of trying to make ends meet, i mean the nation, not the inidividuals. it is time to relook at our policies and how to make the people live better. we have invested our reserves and should be reaping the rewards of our investment. this is expected. if not then we are failing very badly. and with a constant stream of profits, the govt should think of how to return this profit to the people. before anyone shout that we are squandering our reserves, let me emphasise here that i am talking about distributing profits. how much to distribute can be worked out by the fund managers and the govt. if we do not use the profits from our investment, then there is no point wasting all the effort for bigger returns. and we are not doing justice to the people. the profit is a big plus for the govt to use to make the life of people easier. the days when a pound of flesh must be paid before the govt gives out a dollar should be revised. there is no need to extract back a dollar for every cent being given to the people. i saw this big banner at the wto protest, 'no privatisation of basic services.' i hope our hurried privatisation of public services is not a requirement for our joining the wto. it will be good if we can redo some of these privatisations and revisit the objectives and goals of basic essential services and the goals of the govt towards its people. money can do wonders. lets hope public money, especially profits from our investment, is put to good use to make the people feel that their money is invested for their benefits. but there is one area that is waiting to implode. despite the facade of furious trading activities and a rising stock market index, the stock market can collapse anytime, if it has not collapsed already.

the video victim is a bumi!

actually i would like to take a bet. that the woman in the video is a chinese national. i hope the real victim will appear and put this farce away. it is difficult to think that the bumi police woman would make another bumi to do ear squat. (originally i posted about the victim being pregnant. but she was not pregnant then.) at this point i am still convinced, from the video, that the victim can never be a bumi. i need more clearer pictures to prove otherwise. can only believe with picture of this bumi. from the video, this bumi must have chinese parents.

now australia is burning

uk burnt, europe burnt, now it is australia's turn. what next? i hope my friend matilah is well in perth. many singaporeans who migrated to perth look quite middle eastern. this division is going to tear the world apart. and christmas is just another excuse for more burning.

just an observation

how did the jews assailed themselves to such a position of power vis a vis the arabs? historically, apart from a few lapses in history, the jews were mostly slaves, servants or workers to the arabs. the arabs were the kings, the nobilities, the tradesmen and the intellectuals. they have their empires, their academies of excellence and everything befitting a great civilisation. what happen? 5 millions jews in israel and another 15 millions scattered around the world are causing the few hundred millions of arabs to wet their pants. a mighty civilisation has degenerated into a people that is helpless against a small group of their former slaves. where are all the great arabs of intellects, the great merchants and warriors? today, minus the oil, the arabs will be a beggar people, out of wits and the will to excel and compete with the world. and perceived as an inferior race to their mightly brothers, the jews. very strange in the change of fortune of two people of the ancient middle east civilisations.