6/18/2010
What did football fans wear?
I was looking at the pictures forwarded to me and these were the things they were wearing. Bold 'Germany' written on their buttocks for Germany. The Italians painted their faces with the flag of Italy. So were the Koreans, with Korean flags on their faces as well. The Danes and Swiss wore the colours and crosses on their Ts. The British wore their Union Jacks. The Brazilians And Argentinians wore their national colours.
What did the Singapore football fans wear?
Where are the ministers?
With the GE approaching, somehow they seem to have all disappeared. Where have they gone? Even those involved in all the controversies have not been seen.
Let me guess. Preparing for the GE? Working very hard to eliminate the controversies? School holidays?
New brooms needed
The western economies are all in deep shit. Even those that have not announced anything, pretending that all is well, including France, Germany and UK, who knows how big are their national debt. They cannot be too far from what is happening to the other European countries and the US. They employed the same breed of people from the same school of thoughts and practicing the same flawed formula of spending now and pay later. And Japan is no exception.
They had done well in the past from simple economies to huge complex economies. And they were applying the same old methodology of growth and management. Of course they thought they were damn brilliant by printing papers and trading papers to churn huge profits in double quick time, on paper, without real production growth.
The best analogy will be our local banks. Starting from small little banks and grow to what they are today on hard work and low pay. The harder they work, the longer they work, the lower they pay, the bigger the profit margin. And they are now at a cross road. Old methods and old tricks don’t work anymore.
What is the solution? It’s elementary. They need qualitative change, new thinking and new ways of doing things. In short, the old banks, the old economies, all need new talents. They need fresh minds and fresh ideas. These new talents will teach them how to make big profits by working less hard, working shorter hours, working smart and by paying more.
Our local banks need to be managed by foreign talents if they want to transform themselves into big global players. The American and European economies need the same foreign talents to give them a new breath of life. The best talents should be those of different molds, from India and China. On the other hand, India and China would need the foreign talents from America and Europe as their economies are still in the adolescent stage.
The developed economies and the developing economies should swap their talents and called them foreign talents. Then all will be well. Foreign talents will be the most innovative and successful formula for the future. The new economies are rich and can afford to pay more to their foreign talents. The old economies are poor and bankrupt and cannot pay much but what they pay to foreign talents from the new economies would still be considered a lot. Everyone will be happy with the exchange.
What happens DBS?
Peter Seah is talking about the next CEO of DBS that shall preferably be a Singaporean. For 20 years, DBS had 4 CEOs after Kee Choe, and all were foreigners. Why?
DBS could not find a Singaporean to fit the shoe and only foreigners could? Does DBS have a succession plan to groom its local executives to fill the position? Or is it that all the local talents are simply not good enough?
Both reasons are difficult to accept. There must be a succession plan. There must be good locals that can fill the CEO position. We will be a laughing stock if after so many years we still fail to find a local that can become the CEO of its biggest govt bank.
The alternative to recruiting Singaporeans as DBS CEO is to find a foreigner and then give him a red passport. I think that could do. We could do likewise for our PM post if we can't find a good enough Singaporeans to fill the shoe.
6/17/2010
SDP asking the govt to take full responsibility
SDP is asking the govt to take full responsibility for the graffiti breach. I think this is getting a bit too far. Can blame it on god or not?
Eh, don't anyhow point finger can? SMRT may have the S before the MRT, but it is a private company run by private individuals. It has nothing to do with the govt. Temasek and GIC are also run by professional managers. Even privatised hospitals are privatised. Cannot anyhow blame the govt lah.
And please don't put too much pressure on organisations to beef up security. Some jokers may just up the ante and go for the full works with private armies and a 20ft wall. And the cost will simply be passed off to the consumers and every commuter will be LL.
Let's cool down and look at the problem objectively and don't politicise it. It is just a security breach, or just some cheeky artists trying to be funny.
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