The ruthlessness of being BIG

I wrote an article ‘The regulators say Yes’ to expose how dangerous the big funds are when they acted for their selfish good and with impunity. They are untouchable as the regulators believe that they needed the big funds to turn the wheels of fortune, to move the stock markets and lubricate the financial industry with their ingenious products and huge liquidity. The regulators became willing accomplices, appeasing the big funds in all their demands. Goh Eng Yeow wrote an article in the ST about learning from the Asian financial crisis when the speculators raided the markets for a big killing and almost bankrupt several countries. He is advocating that more regulations and safeguards be introduced to limit the irresponsible acts of the speculators. Actually he meant the big funds. Small speculators cannot do much harm on their own. They could only if they gang up and work in unison. Fortunately this is rare. On the other hand, the big funds, a handful of them working together can destroy a whole market of even bankrupt countries. And their untouchable status, like diplomatic immunity, only encourages them to turn wild. The ruthlessness of big financial institutions has manifested itself in all the major and minor financial centres, and Obama in particular is trying to do something to curb their extravagant and irresponsible ways. They need to be cut into smaller bits to be effective. They must be laws and regulations to limit how big they can become before they become too big to fail, and too big and dangerous. Then of course the regulators need to look in the mirror and ask how much of the crimes were part of their own doing, inviting the wolves into the dining room and dining with them. If the regulators continue to sleep with the devils, and probably benefitting from the association, this rewarding relationship will compromise their objectivity and moral responsibility to doing what is necessary for the good of the system and the investors at large.

Remembering Charlie Chan

The older generations may still recall this Hollywood creation called Charlie Chan. I think he was some kind of a Chinaman detective with the Fu Manchu moustache, slit eyes and everything of a stereotypical Chinaman except the actor. Charlie Chan was always acted by a caucasian. In those days it was difficult to find a Chinese actor to play a lead role in any Hollywood films or TV serials. I am wondering how the movies of Charlie Chan would be received today. I suspect there will be cries of racism. In the Today paper the Australian Chinese are crying foul again. The Australians are making a film about an Australian Chinese war hero during WWI. The soldier, Billy Sing, was a very successful sniper who killed more than 200 enemy soldier in the Gallipoli campaign, and was a decorated war hero. Isn't it generous for the Australians to want to make a movie of an Australian Chinese soldier? Now why the outcry? Oh, they could not find a Chinese actor for the lead role and it went to a white actor. I just hope they did not put a set of Fu Manchu moustache on this Billy Sing, and to make it more authentic, an additional pigtail will be just fine. : )

How much did we pay to be kicked around?

Heard someone said it is so cheap, only $1 per game! Really? $1 of what? How is this $1 derived? Fee divided by 4.8m people? Or fee divided by the 10% or so football fans? Then do we know how much are the rest of the world paying? How much are the Germans or Japanese paying? These are the more sensible people who would not throw their money away simply at any price? Or for that matter, how much are the football crazy nations like Brazil, England and Argentina paying, using the same formula of course? Then there are the countries that are in the competition and have more reasons to want to watch the games, how much are they paying? Cannot tell, cannot tell! Trade secret, malu? Another case of overpaying? All CEOs of corporations, public or private, have a social and fiduciary duty to make sure that money is well spent and not throw away just because it is other people's money. There must be accountability. Maybe prudence is no good. Yes this must be the reason, since we are making our consumers pay for as much as they can afford, no need to be prudent. Pay any price and just charge it to the consumers.

Football to be kicked around

Yabba dabba doo! We have the World Cup on tele! Time for big celebration. Otherwise Singapore will have go through a month of mourning. The more serious cases will suffer from withdrawal symptoms. That was how dangerously close we got to not having live World Cup football to watch. Kind of scary. Luckily someone has some sense of proportion to understand the severity of the issue and get the deal done. Never mind, football is a game of a ball being kicked around. Never mind how much. No need to know. It is money well spent, every cent of it. We have triumphed in our darkest hour. No one can deprive us of this habit of watching football. With a little money all problems can be solved. Thank you Fifa, for being so kind and generous. Thank you for fixing our craving needs. PS. Maybe someone run through the numbers in the computers and find that paying whatever to make Fifa happy is still cheaper than having Singaporeans going overseas to watch footballs. Singapore, the city that never sleeps, may become a ghost town.

Deja vu on Mother's Day

Shops catering to the love of mother are doing a roaring business these two days. Mother and motherly love sre in everyone's mind. The Sunday Times has this touching article on Madam Tay Et and her 21 year old young Kevin who is struck by muscular dystrophy. Kevin has been bedridden for the past 11 years and is reduced to nearly skin and bone. His life depends on his mother. His mother did everything for him, including brushing his teeth or changing his sleeping position. The intensity of human love knows no bounds and particularly stronger in a mother child relationship. Mother is there, always sacrificing, for their children. The human milk of kindness is not limited to just humans, and animals too can benefit from it. Many are pampering their pets with things that the average human beans can never think of. Spas, daycare, fancy food and cafes, foie gras and strollers. We are bettering ourselves from living harmoniously with all races to living harmoniously and lovingly with animals. Some even regard animals as families. And some consider animals better than children who could turn out to be spoilt brats, cruel and ungrateful. And there is this picture of two ladies pushing a beautiful pram with tender loving care. And inside sits a beautifully dressed up shih tzu. They must be part of this new family composition. The shih tzu must be calling the elderly lady grandma. And the lady must have introduced the shih tzu to her friends as my baby. Somehow I got this strange sense of sadness flowing through my veins. I could not pin point what it is, but it won't go away. It can't be deja vu for sure.