A medal to boot

I wanted the title to be 'A medal to show', but it seems that 'A medal to boot' is a more appropriate one. So we have our Olympic medal, what's next? Malaysia have sent a man to the moon. Do we also want to send a Singaporean to the moon to cook the biggest plate of fried kway teow? We have sent our teams to climb the Everest, the Artics and Antartics. We have our name splattered all over the Guinness Book of World Records. We have added another one after this Olympic, for offering the biggest bounty for a gold medal. What would all this greatness lead us to? A greater country, a more respectable people, a more cohesive society, more nationalistic, more chest thumping moments? I can appreciate the fun part, and this also goes to the record breaking feats in the Guinness Book, but there is a big difference. The feats for Guinness were done in jest, a social event, and with little cost. An Olympic medal is no child's game. It takes many years to nurture and train an athlete, together with a host of people and training programme, medical, nutrients and other facilities. It is not small money. Now that the medal is in our pocket, and the hilarious excitement has died down, shall we ask the same question again? Is it worth it? Will we be cheering and rooting for Usain Bolt in London in 2012 or some minute Kenyans running the distance events for us? The Chinese have proven that their hothouses could turn little Asians in world champions. What were needed are patience, perseverence, financial resources, pain and sacrifices. The children paid a very heavy price for it. They were weaned away from their parents at 5 or 6 years old, actually taken away from their parents, at a time when parental love and warmth were the things they needed. We could do the same. But the emotional price is too high. We could hardly find any parents here willing to dump their children in hothouses at that tender age. The children may not recognise them in their next visits. And we cry that we cannot produce world class champions. How can, when everyone sees the academic school system as the end all of a good life, no parents dare to let their children fail in our education system. It will be the end of their road to a good life. So we shall continue with instant tree solution. Buy, buy. If we are willing to pay, 10 gold medals will be within our means. So is the road to the next world cup. Its elementary.

Why so much cynicism?

Why so much cynicism? We are going to have more freedom. We are going to have a bigger space to talk about political issues. Aren't these happenings great? It should be for bloggers who have been warned or subtlely told to watch their steps. The insurgent squads are still there lurking in every corners. Now it is officially sanctioned from the highest authority here, that it is ok to kpkb in cyberspace. Would the insurgents go away? Actually many things are still unsettle. The details on how much liberalisation or what liberalisation means are still on the drawing table. Down the line, the power crazy or those used to run roughshod over people, or those who have been enjoying the freedom to talk nonsense with impunity, would still want to hang the noose on the tree branch, just in case it is needed, or as a warning that it can be brought back. The comfort zone of no one talking back is now threatened and the feeling is not very easy. Then for the believers of human rights, individual rights, rights to freedom of expression, these people will be angrier. To them, these are our basic rights. What is there to give back to the people? It is akin to the money collected from GST. It is our money in the first place. What's the big deal giving them back as handouts and we are supposed to be grateful? For the time being, there will be a lot of discussion on definitions, how much to give and what to give or not to give. The opposition corner may want to try organising big walks or mass cycling events to test the water. Would the same reasons be given not to approve such events? Take it positively, it is always good to have something return to you when they have been taken away or not consider yours in the first place. I would like to see some liberalisation in the CPF so that we can take some of our money back, those that are kept to a point that we may not see them until after we die. Even a few dollars will also be good. Better than not having them back at all. And Singaporeans will be eternally grateful. We are very easy to please. Let's enjoy the new freedom as much as we can and stop bickering about it. Time to open that dusty bottle of champagne. Singaporeans are so lucky that they need not have to fight for their rights. We have a listening govt that will give us our rights as we mature as responsible and thinking people.

Temasek's assets were S$185 billion

SINGAPORE, Aug 21 (Reuters) - Singapore sovereign fund Temasek's assets were worth S$185 billion ($131 billion) at the end of March, Temasek's chairman S Dhanabalan said on Thursday, up 13 percent from a year earlier. "Growing with our blue chip companies and our direct investment activities, Temasek now owns a net portfolio of about S$185 billion at market value as at March 31, 2008," he said in a speech. Do you people know how many zeros were there behind the 185? 9 zeros, or S$185,000,000,000. That is quite a big sum of money. How much more were there in GIC? Wonder how much these are worth now? March 31 was four and a half months away. Dow has fallen by more than 1000 pts, STI by 400 pts. UBS, Merrill Lynch, Citibank, Barclay, how much were they worth in March and how much now?

The real thing - Take-now-talk-later

Balji may have been hoping for a change in the mindset with his call for a give-now-talk-later approach. The reality is that we have been practising the take-now-talk-later method for too long and it is becoming a national habit. And I am very sure many of you understand what this take-now-talk-later means through your own personal experiences. We have been victims of this practice for too long and in many ways. While on this, one thing that comes to mind is that you should not put your money into someone else pocket. That is the most dangerous thing to do. No matter what assurance the person tells you, it is safer to put your money in your own pocket. Even if you don't spend it, you can feel it, touch it, and know that you can do whatever you want with it. Once you put it into someone's pocket, you can be very sure that someone will apply the take-now-talk-later principle, and whoosh, your money becomes not your money anymore. And in times like this, even putting in banks is pointless. Banks can run into trouble too. So there is a risk involved. And for the miserable 0.5% interest rate, it is not worth the risk. Keep your money in your own pocket. Beware of this take-now-talk-later mentality.

Paradise here I come

Singapore is indeed a paradise not only to Singaporeans, but to the many PRs and foreign talents working here. They have good jobs, good pay, good environment, and treated very well by Singaporeans. And the govt is still trying to convince the locals to treat the foreigners even better. Where on earth can a foreigner find another country that is so friendly to them? Filipino Mac Gregore Ponce Tan (31, architect), a PR since last year, balloted successfully for his daughter to a school of his choice. And he had this to say, (I quote from Young pay and pay blog), "Although I am a foreigner, I am not discriminated here. I receive the same privilege and rights as Singaporeans. This is very fair. This is a place I like most!" Native Singaporean Foo Wang Heng (My own translation of his Chinese name. 40, stockbroking sector. ) was unsuccessful. He said: "(My daughter,) such a little girl, every day having to spend so much time on transport, it's not a good thing! And as for the school's quality, we have now reach a stage, where we no longer have a choice (because it's now up to MOE to anyhow allocate)" I think any Singaporean who is in Foo Wang Heng's shoe and claimed that he would not feel unhappy about the situation must be lying or an idiot. It is good that we treat our new citizens and PRs well since we welcome them here. We shall provide them with the best environment possible to make their stay comfortable and pleasant. We want them to enjoy our hospitality as a gracious people. I still think we need to do something more for our very own people. We must provide enough classes to accommodate all the children of our citizens and PRs. But putting them together under the same balloting scheme will surely create bitterness among the citizens when they got out balloted by non citizens. It is only a human reaction. It would be better to give priority to Singaporeans by separating PRs and Singaporeans into two balloting schemes. If we can assure the PRs that there will be places for their children in our good schools, I don't think they will be unhappy. I don't think they will demand to be treated as equal as a citizen. Some may have the audacity to demand so. We can tell these talents to go home if they think we are not treating them well. But the process to ensure that children of PRs have a reasonable chance of being enrolled in good schools will be something the talented administrators have to work out without incurring the wrath and unhappiness of the citizens. Perhaps a percentage of PRs to provide a healthy mix be use as the justification for an admission formula. Call it the PR phase or whatever, but let them ballot among themselves. For citizens to be ballotted in the same phase as PRs will definitely incur some displeasure no matter how reasonable or magnanimous the citizens are. Something to think about. I think we are being very insensitive to the feelings of citizens.