High price ok provided...

Chin Yen Yen, Dep Director, Corporate Communications Competition Commission said, '...under the Competition Act in Singapore, a high price set by a dominant player does not in itself imply an abuse of dominance.' This is only true if certain conditions exist. She added that there must be 'competition among different suppliers in a free market environment. In many instances we actually have a near monopoly situation here and a free market environment is not present. Public transport quickly comes to one's mind. TV licence, news provider, privatised public services etc etc. The public needs to be protected from such monopolistic environment or in industries where cartel like practices are possible.

40% of Singaporean households will be millionaires

By 2017, according to a report, that is. Now isn't that good news? If we are looking at asset worth, we can make 50% of Singaporeans millionaires tomorrow by simply raising the prices of public housing. And Singaporeans will be boasting to one another that they are now millionaires. But every Thursday night they will queue up to see their MPs asking for help as they have no money to buy rice, pay instalments or medical bills. What is important really is the purchasing power. In the 60s, one needed not be a millionaire to buy a semi D at $40k. Today, a millionaire cannot even afford to buy a semi D, or come 2017, can't even buy a 5 room HDB flat. So shall we celebrate this great news to be millionaires in 2017?

Is LKY having a change of heart?

Quote: Lee(LKY) said the Chinese should learn to take the western media on the western media's terms. If protesters get into the Olympic stadiums waving 'Free Tibet' banners, China should shrug it off, he said. If I were them I would expect that and say 'So what?' Lee added. Unfortunately they are still in the old set way they react, but they're learning. Unquote Would LKY apply this advice to the Chinese govt to our local context? When there are demonstrators, would the authorities shrug it off and say, 'So what?' Now if this is going to be the things to come, it would be interesting.

The Mahathir Syndrome

When Mahathir was in power, everything he said and or wanted to do would be done. All his cronies who enjoyed all the perks would just joined the bandwagon, got fed and became fatter, without a single word of criticism or guilt. Now that Mahathir is out of favour, he is now free to crusade against all the wrong things done during his time. His former cronies too were doing the same. Suddenly everything seems so wrong. But when they were in positions of power, they cannot see anything wrong. What takes them so long to realise the wrongdoings? Why didn't they say anything or do anything when they were in a position to do so? Is it because they are no longer being fed, so nothing to lose now?

Move on and be forgotten

Imagine if there is no internet and blogs, every embarrassing episode will be forgotten and the people would have moved on. No more reminders of NKF and peanuts, no more high salaries to haunt anyone while the poor were asked to tighten their belts and eat potatoes, who is Mas Selamat or Selamat what? People have short memories and have many things to take care of. The internet will now be the mother of all memories, be there constantly, to remind people of embarrassing things, 24/7, 365 days a year. There will be no such things as move ons. The msm may not want to talk about some issues and events because of space contraints and the need to move on to new news. News have to be news, fresh and of current interests. In cyberspace, what is important is not currency but relevance and continuity. Things that are really important to the citizens, things that the citizens hold dearly and care about. And for some things, they will not move on but cling on.