5/22/2009

A brilliant strategy gone awry

The concept and strategy to invest in some of the biggest financial institutions by GIC and Temasek were a brilliant move. These financial institutions are the strategic centres in the movement of funds across the world, and proxies to the world economy. Having an interest in them, a controlling stake, is akin to the days of the British Empire when they controlled all the strategic sea ports. If GIC and Temasek were successful in this endeavour, we would have transformed ourselves as the controller and master of the world financial system. Unfortunately things did not turn out as planned. I can superficially see three possible reasons for the disastrous loss of billions of our savings. 1, it could be professional incompetence. But this is unlikely to be acknowledged as everyone involved in the plans are professional trained and experts in their fields. And they must have done their due diligence. 2, and very obvious, is the blinded trust of the American system and corporate chiefs. We looked like bright eyed little children in awe of the Americans, and believing in everything they said and did, thinking that what we see would be what we get. And we bought cart loads of rotten eggs. Then when the smell came forth, the Americans came with more baskets of rotten eggs, and we bought again, trusting them completely. Now we knew that the system was rotten and the salesmen were crooks, selling rotten eggs without telling us so. 3. The third reason is providence. When the mandate of heaven is passe, no matter how brilliant and able our people are, things will go wrong, and go disastrously wrong. Man proposes, heaven disposes. Having said that, the concept and strategy are still sound and should not be forsaken just because of the failure. With the experience of all the bunglings, we could be wiser in making our next move. Of course, hoping at the same time that providence is kinder and in our favour.

So, it is Aware's fault?

Eng Hen has spoken and that Aware's programme can only be reintroduced after it has regained the public's trust. That settles one part of the issue. The second part is how the Aware programme was allowed to be taught in the way it did for so long, and actually accepted as normal without anyone from the MOE raising an eyebrow? In fact the initial reaction from MOE official is that there were no complaints or the noises put up were groundless, unjustified emotions. Who gave the go ahead or why was there no ongoing assessment and auditing to make sure that the content was safe or acceptable? If not for the hooha, the programme would still be taught to the children without anyone getting wiser. Would there be a review and an explanation on this second part of the issue? Are the confidence and trust in MOE affected by this slip? Or MOE is totally free of blame, nothing to do with it?

5/21/2009

HDB to build more 2 and 3 rm flats

Is this progress or regress? Or are we telling the Singaporeans that My endearing home is a 2 or 3 rm flat? Of course not. My endearing home is a freehold landed property, 20,000 sq ft, in district 10 or Sentosa. 2 and 3 rm flats are for the losers. In fact all public flats are for losers. the 2 and 3 rm flats are for those who can't even buy a 4rm flat. How many can afford to buy a 4 rm flat these days when the price is $300k to $400k or more? In my time, a single income family, a young graduate with 3 or 4 years working experience could even buy a 5 rm flat. Today, with 2 incomes, two graduates would have problems buying a 4 rm flat. Is the life of Singaporeans getting better? Of course, depending on who you are asking.

My bizarre interpretation of the 36 injuries

The coroner's report is out and it confirmed that David Widjaja died from falling. But how to explain the 36 injuries on his bodies and trunks, and a bruise on his neck. Let me to emplain, assuming that he died from the fall. David must be one of those kids that like to cut themselves. So all the wounds and lacerations must be self inflicted, cutting left, cutting right, change hand, cut and cut, all 36 times. With so many cuts, blood must be dripping all over his body and the places he walked through. As for the bruise on his neck, a karate expert chop would probably kill him or broke his neck, and leaving behind a big bruise. But if the chopper is not a karate expert, then the bruise may not kill him and will be lighter. And for the many other bruises and abrasions, he must have rolled and rolled as he landed from his fall, like a judoka trying to break his fall. My interpretation is not meant to be true. Just bizarre.

5/20/2009

Brutal attack on a 3 year old

Anyone read the brutal and cruel attack on a 3 year old child by the mother's lover in the paper today? He punched the child's face, slammed his head against the wall, bit his penis and scrotum etc. These went on and on for months. The poor child eventually died. The punishment was seven years imprisonment and 12 strokes of rotan. The guy who kissed and suckled another boy's organ, without causing hurt got 12 years imprisonment and 12 strokes of rotan. Which is a more severe crime? Why was the mother not punished for letting the brute attacked her child in such a vicious and deadly way?