Bloggers unite

Blog this shit: Open source information scares the pants of governments April 1, 2010 · Leave a Comment “If you bloggers self-organize and attach yourselves like leeches to specific issues, corporations, organizations, challenges, you will be the intelligence minutemen of this century. The power is in your hands. There aren’t enough guns to kill us all, and Haliburton can’t build the jails fast enough to keep us down.” I copied the above from Temasek Hedge. This is a video clip of a speech by Robert D Steele, a former intelligence officer, who said a lot of things that needed to be said. Other than the power of the internet, blogging and the role of bloggers, he talked about how govts treat its people as commodities, how govt benefitted from sponging the people's money, how America is committing war crimes and profitting from war, how central banks needed to be closed, how bankrupt America is today and awaiting to break up, and how you and me and every blogger can contribute to a better world. I strongly recommend everyone to listen intently to this video clip posted in Temasek Hedge.

Too much effort to write about rising cost of living

University fees increased, electricity increased, sigh, fee increases are no longer exciting news. It is happening almost daily so I am feeling tired of writing about them. Even rental of market stalls can shoot up for no good reason except a change of owners. HDB flat selling at $650k not high enough. Now Bishan EM selling at $900k with $170k COV. What else is going to go up? Salary, yes salary must go up or else who can afford to buy those multi milllion dollar properties. As for worker's salary, tkk. Worker's salary got to be kept competitive, not low, or else all the jobs will go away. Prices of cars were the highest in the world and are jumping higher. No country can ever dream of beating us in this.

Prices of resale HDB flats are stabilising

They have solved the problem of high prices. The resale price increase is getting smaller. COV increased from $12k to $24k in the previous quarter. The last quarter the increase was only $1k, at $25k. Good, more people now can afford to buy resale flats. Just prepare to fork out $25k first. And they are going to build another 12k flats this year and maybe more. So problem solved. Or is it? These flats will only be ready in 3 years time. In the meantime where are these people going to stay? And there are still several hundred thousand new citizens and new arrivals coming in daily. How are they going to add to the demand? How many out there are still waiting to buy their first flat and cannot afford to? And with this kind of indecent prices, is it supposed to be good? Have we reach a satisfactory equilibrium? But no need to bother now. Problem already gone. Everyone happy already. Job well done. BTO is the way to go.

A sickly feeling

We paid $350m to $400m to watch English football. And this amount is about 13% of the takings of EPL. Got it? This little piece of rock with a population of less than 4 millions financing the EPL to the tune of 13%! And Hongkong with a larger population, thus more viewership,0 paid less for the rights. Let's try to do the arithmetics. 10% of 4m is 400,000 people. If 10% of the population watch EPL, it comes to $1000 per head. If 1% watches, it will go up to $10,000 per head. Quite a sum for a past time really. Another way of looking at it, 4m people paid $400m while the rest of the world, 6b people, paid $2.6b or less than 50c each. If we take 50% of the rest of the world, it is still less than $1 each. With that kind of money, we can be a major shareholder of EPL.

Bharti Chief thanks SingTel

Bharti Chief thanks partners after signing Zain Africa deal On 03.31.10, In Mobile, By Editor . www.WirelessFederation.com/news: With the consummation of the US$10.7 billion deal with Zain Africa, Bharti Airtel chief Sunil Mittal extended his gratitude to its partner Sing Tel for providing its much needed support. As a co-promoter, SingTel holds 31 per cent stake in India-listed Bharti Airtel and therefore its support is critical to any major M&A deal by the company. According to Bharti Airtel Chairman and Managing Director Sunil Mittal who signed the deal in Amsterdam, the extremely tight time lines and the enormity of the task posed a real challenge. Bharti was able to achieve this important milestone through much hard work and support from SingTel and the external advisors. SingTel owns 31% of Bharti Airtel, can I assume it pumped in $3.2b or there about? I hope the thank you means we will bring in the profit and not a one way thing. Thanks for the contribution.