1/11/2006
islam to rule the world
Islam must prepare to rule the world, Iranian President Mahmoud Ahmadinejad told a crowd of theological students in Iran's holy city of Qom, according to a report.
"We must believe in the fact that Islam is not confined to geographical borders, ethnic groups and nations. It's a universal ideology that leads the world to justice," Ahmadinejad said.
i quoted the above from littlespeck.com. and i must say after reading it i have started to look more favourably towards people like bush and blair. at least i share more common things with them about life and material well being. i won't want religious police to knock at my door, home or hotel, to see who i am with. i won't want to be sunat. i won' t want the state to snatch away my worthless dead body from my family. i want to watch my movies and have my wine.
i am secular. i don't mind other people being religious. but i would not allow people to force me to be religious and to follow religious laws.
make legal recourse available or more affordable
i was impressed by the son of jb jeyaratnam when he spoke as president of the law society. his main gist was to make legal recourse more affordable or cheaper to those who cannot afford it. did he overhear the things that we discussed here?
i helped a friend to get a legal firm to represent him for a royalty case. and the firm was highly recommended to me by another friend. the case was settled after one hearing. my client was happy that he won and was awarded about $120k. it was quite straight forward. he paid his legal fee which came to about $110k. actually my one year as a law student had given me enough knowledge to know that the facts were in my friend's favour.
what a great victory and great legal firm. my friend is still celebrating it today and everyday, with four letter words.
bird flu: god is kind
the bird flu is spreading all over the world. the casualties are not that high and it provides a lot of time for the human race to react to it, and tackle it before it becomes a pandemic and wipe out half of the earth.
but looking at it from god's point of view, it is a warning against those countries that think it is ok to use chemical or biological warfare against another country, espionage or covert actions to damage a country's economy. god said simply, 'don't try, it will come back to you in more ways and faster ways than you can imagine.'
chemicals and bacteria or viruses in the air will be airborned or be carried by birds, produce or simply humans, to all corners of the globe. no country can think of being immuned from it once it is let out.
let us pray that no idiotic leaders will embark on such a warfare.
budget terminal, nice name
the budget terminal fits very nicely to the new budget terminal. no frills, just simply budget. and we got to thank them for not engaging a pr consultant and spend another $300k trying to find a more suitable name.
and a forumer's reaction in the new paper, one steve ngo, was hilarity. i too feel the same way. it would be more fun to call it heartland terminal. then we can bring it closer to the heartlanders since they will probably be the people who cannot afford to travel in class and use the classy terminals at changi.
and heartlanders can also feel proud to have a terminal name after them. and later they can change the name of changi to something more classy and fit the image of the sophisticated travellers. let me see, high class terminal? for high class people? or maybe spend another half a million for a pr consultancy to find a more suitable name. heartlanders' idea of a high class name may not be appropriate.
1/10/2006
hdb pushing out 400 units unsold flats to property agents
hdb states that it has 9000 units of unsold flats. assuming the average price of each unit is $200k, it means $1.8 billion stuck in these flats. servicing the interest at say 3% of cheap loan will cost $54 mil a year. and these flats have been left unsold for an average of 10 years, i think. this means $540 mil
and on a simple equation of depreciation, losing 10 years is 10% of its value at $200k per unit or $180 mil in value.
does this mean that hdb has made a loss of $720 mil on these 9000 units of flats over a 10 year period. and the losses will add on if the flats remain unsold? the figures are just guesstimates but it sure looks big if true.
like i said to matilah, today's success is tomorrow's failure. what we think is good today could actually destroy us. the same success and failure story is nkf. because it becomes too successful, it leads to its downfall. hdb was a success story but then over built. our birth control policy was so successful that it has now become a big problem.
life just go round in circles.
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