7/22/2009

Don't compel if you can't guarantee

The govt is making CPF Life compulsory for CPF contributors by 2013. And it claims that the payout will be for life. But it also has a provision to say that if the fund is insolvent, it can stop paying to the CPF members who have paid money into the scheme. Halimah Yaacob has correctly pointed out that “the relationship between the CPF Board and the CPF members, however, is not just a legal contract (but) a social contract as the board has a social responsibility to manage CPF funds prudently in order to help Singaporeans meet their retirement needs.” Straits Times. Did the CPF members ask to be in the annuity scheme? NO. It is the govt that is compelling the CPF members to put their money into the scheme. If that is so, the govt better guarantees that the money is there and will be paid to the contributors as promised. Otherwise don't make it compulsory. The provision not to pay is unacceptable.

'they assumed everything is ok'

RMIT said it complained about Brookes Business School in 2007 to the MOE. MOE issued a warning letter and subsequently did not hear from RMIT. So 'they assumed everything is ok.' But everything is far from ok and many students were cheated in the last two years. And the matter was raised in parliament. 'Halimah wondered if more could have been done to "save a lot of people from heartache".' Hello, hello, anyone in? On vacation?

No more good years

Once we heard loud noises about more good years. But when good years were turning into lean years, one good year was brought in to break the bad trend. Unfortunately it didn't help much. Probably they should get an expensive good year instead of a cheap one. Now, brace up and prepare to have more of the same. Actually when the mandate of heaven is with a person, anything the person touched will turn to gold. Otherwise everything touched will turn to dust. But when the mandate is with a person, even a fool, everything touched will turn to gold. Would the mandate of heaven still be with the chosen?

7/21/2009

Not a bad idea for rise in HDB resale prices

'HDB flat prices should be a reflection of Singaporean's wealth and it is "not a bad idea" for prices to increase steadily, especially for those holding onto negative assets bought in the previous market peak in the mid 1990s.' Grace Fu What about those first time buyers who have yet to buy a flat and chasing the escalating prices?

Hello, anyone in?

Is there anyone responsible for anything anymore? Is there anyone able enough to do anything right or everyone has done his best and this is what we are getting? What, what, sorry wrong number. If anyone is asking me what am I talking, I also don't know. These words just keep ringing in my ears.