A special hotel in paradise

The guests have single rooms. They have special areas for worshipping and were guided by religious teachers. When they are in trouble, they are assisted by counsellors. They wore new clothes and spruce up for family visits. The hotel is operated under a holistic environment for rehabiltation. The hotel is in Whitley Road. And all the rumours about harsh punishments were just rumours. Dr Rohan Gunaratna, head of Singapore's Internationa Centre of Political Violence and Terrorism Research, said, 'The rumours you hear about harsh treatment are not true. The conditions there must be conducive to rehabilitation. If you treat them badly, their resentment will grow.'

800 more chips on the table

800 chips of $1m each are on the Merill Lynch table. Temasek had earlier bought US$4.4 bil worth of Merrill Lynch shares and with the additional $800 mil through exercising its option, it now holds near to 10% of Merrill Lynch. Would this large holding qualify Temasek to have a say and the management of the company? Or we are so trusting to let the Merrill Lynch managers to run the show at will and believing that they will manage the company for our interest? What are the safeguards to protect our investments? It is incredulous to put in so much money and did not have a say in the company. Today paper reported that 'Temasek is currently sitting on paper losses of US$1.2 bil from its investments in Merrill Lynch and Barclays.' As long term investments, the returns will come in in a matter of time. As for concerns on the long term time frame and lack of disclosure on grounds of secrecy, investments in such high profile institutions cannot go unnoticed. These organisations are subject to public scrutiny in their own countries and any mismanagement or poor showing will be exposed quite quickly as in this case. They may hide and delay as much as they like, but they can't hide forever or for too long. The truth will be out sooner than expected.

More money into UBS?

'Singapore's GIC may participate in UBS rights offering - report April 14, 2008: 09:17 PM EST SINGAPORE, Apr. 14, 2008 (Thomson Financial delivered by Newstex) -- The Government Investment Corporation of Singapore (GIC) may participate in the 15-billion Swiss franc ($15 billion) rights offering of Swiss investment banking giant UBS (NYSE:UBS) AG, the Wall Street Journal reported on Tuesday, citing unnamed sources. This will be the second time that GIC will be injecting capital into UBS following an 11 billion franc investment in December last year....' This time they are going in with eyes wide open. The first time they went in there were some uncertainties and a little wet behind the ears. This time there is no excuse if they foul it up. Basic questions, is this a bottomless pit? Are all the woms out crawling? Is there light at the end of the tunnel? What are the safeguards and protection to our investments if there are more than meet the eyes? The worst thing that can happen is to put in good money after bad money. Better do all the homework thoroughly. Billions of our money are at stake.

God works in his own mysterious way

The world is in upheaval. Things are changing, and changing very fast. And things that are happening are all simply unbelieveable. Things that we see, things that we hear, all so unbelieveable.

Myth 178

MPs know what they are talking All these years we have been relying on the MPs to explain govt policies to us, the people, the uninformed masses. We were all ears, eagerly listening and copying every word the MPs told us. They were expected to know what they were saying, to understand the intricacies of govt policies. And it is their job to explain to us. Now the common people must be asking whether the MPs understand the policies and explaining the right thing to us. And this also applies to the news workers. When they report or comment, do they know what they are reporting or commenting? Do they really understand the what the polcies are all about? Maybe some MPs and news workers know, maybe some don't know and gasak butak. I also gasak butak. Not sure if right spelling or not.