Protest against Telcos in Hong Lim

Football fans staged a protest at the Speakers corner to show their displeasure against Singtel and Starhub for the high prices for the World Cup matches. By next week the two telcos are likely to come up with their facts and figures to prove how affordable and reasonable these prices are, and the protestors just have no case. This is the correct Singaporean way of communicating with the people. And after that, case close, no more issue. With only two or three telcos here, and running as private companies answerable only to their shareholders for profits, the football fans shall count themselves lucky that the prices are so affordable. In fact any price is also affordable as long as there are fans who can afford to pay for it. What is the message that the protestors were trying to make? Is it a reminder to the super talented CEOs that they should not take the consumers for granted and that they can pay any prices only to pass the buck to the helpless consumers? And they can still make handsome profits knowing that the consumers just have no choice but to pay. I think we need more of such protests to register the point. If not, such reckless behaviour is bound to repeat over and over again.

SMRT graffiti

I must say that the graffiti was very well done. SMRT would have to pay a lot for it if it were to commission an artist to do it. And I think SMRT quietly told itself that they didn't mind and let the train go around the island with the graffiti on it. But a crime is a crime. Vandalism is vandalism. The culprits must be charged in court and sentenced to 2 weeks jail. They shall serve their jail terms in SMRT depots and made to paint more graffiti officially with SMRT's consent this time. And SMRT can pay that a token of appreciation for a job well done. Put the blame on the Olympic spirit of good sportsmanship since the YOG is in town.

The superficial MBA Oath

A meaningless and superficial MBA Oath is now circulating in some of the top universities around the world, including SMU. MBA graduates are supposed to take the Oath modelled on the Hippocratic Oath of the medical profession which too has become superficial in many ways. The MBA graduates theoretically pledged to be good boys and good girls, do no evil, do only goodness, do no harm to others, and to help the society rather than their own pockets. If this is the best that these highly regarded institutions of higher learnings can come up with to save the world from another financial crisis, I think a primary school kid will be able to come up with something more idealistic. The real problems which no one wants to see or admit is that the administrators and regulators are in cahoot with the crooks and allowing the crooks to do as they pleased, helping them to take advantage of systems and regulations to enrich themselves with not a care about the consequences to anyone. What is needed is to put a hangman noose on the heads of the administrators and regulators and make them say a pledge as below, modelled after the superficial MBA Oath. 1. You shall be hanged if you do not manage the enterprise with loyalty and care, and advance your personal interests at the expense of the enterprise or society. 2. You shall be hanged if you do not understand and uphold, in letter and spirit, the laws and contracts governing your conduct and that of your enterprise. 3. You shall be hanged if you do not refrain from corruption, unfair competition, or business practices harmful to society. 4. You shall be hanged if you do not protect the human rights and dignity of all people affected by your enterprise, and you do not oppose discrimination and exploitation. 5. You shall be hanged if you do not protect the right of future generations to advance their standard of living and enjoy a healthy planet. 6. You shall be hanged if you do not report the performance and risks of your enterprise accurately and honestly. 7. You shall be hanged if you do not help the management to continue to advance and create sustainable and inclusive prosperity. But for the above pledge to be effective, an independent govt body shall be set up to monitor the administrators and regulators to check on their actions and compliance with the pledge. Self regulations or little regulation is the biggest bull that will make a farce of the pledge. The administrators and regulators must come under intense scrutiny if they are to do their duties diligently and objectively, and fairly. And they must know that the axe will fall on them if they don't do their jobs as expected in accordance with the above pledge. So far the administrators and regulators are acting as gods, passing judgements when in fact they are as culpable as the crooks that nearly destroyed the financial system. The sad part is that we were just given a rude warning and no one is taking heed, and the crooks are still at it daily, doing their damages with impunity, knowing that they have the administrators and regulators in their pockets.

Low Teo Ping for President

The contest for the President of SAAA is hotting up with Low Teo Ping throwing in his hat. I think we can't find a better candidate than Low Teo Ping given his sparkling track record in sailing. His team of local boys and girls are world beaters. These are 100% local bred. No need to buy from other countries. Low could repeat what he did for sailing in athletes if he takes over the helm. He should be given the post of Ministers for Sports to give him the authority to revamp the whole system that is increasingly relying on money to buy glory, buying foreing talents to carry our flag and fight our fight. Low Teo Ping is the man.

S$18,316,267,123,556

S$18,316,267,123,556 This is size of debt that could bankrupt US. The above front page headline is in mypaper today. I am still panting after typing the numbers on the keyboard. To me, the US is already bankrupt, not that the amount could bankrupt the US. How and when are they able to pay back when the debt is still mounting daily. The wars they are conducting, the huge military forces they possessed, the bases overseas, luckily they need not have to pay their politicians too well. But that could be their mistake and the cause of this huge debt. I thought if they sell their 6th Fleet and 7th Fleet to China they may be able to get out of their debt. Looks like they will have to sell much more to clear what they owed. The greenbacks are going bananas soon.