7/18/2010

A new vibrancy in town

While Tharman was trying hard to water down the heavenly expectation of a 13-15% growth, while he was trying to say that it was an anomaly, he even sounded embarrass for such an economic data, he finally ended to the extent of saying that this was a flash in the pan incident. Nothing to gloat about. So there should be more sanely expectation of our economic growth next year. No more than 5-6% if my reading is right, for that is a reasonable number for a nearly mature economy. We are no longer a developing country when everything is waiting to be developed. Our only growth factors now are property and high inflation fueled by importing more foreign workers. Remove these elements and we could see a recession in our way. Then again, there are new opportunities for growth. While we thought that the construction industry has been full blown and should go to a hibernation stage soon after the two IRs and the slew of HDB flats going to be built, I am seeing a gigantic opportunity that could drive the economy for the next 10 to 20 years. The flooding yesterday was serious. No one would dare to explain that it was caused by some twits or twigs clogging up the drain. They have done that, by fencing up the drains from twig clogging. The damages are huge and will continue to do damages down the road. And the frequency and severity cannot be ignored as a one in 50 year incident. There is a need to appoint a consultancy to study the whole drainage system and maybe to rebuild a network of drainage tunnels around the island. The machinery used my MRT for tunnelling work could still have a life. Then they could even consider new concepts like flotation gear for new buildings or capsules to keep water from flooding the basements. A network of tunnels will brighten up our friends up north. Mammoth projects like this is their cup of tea. They may even quote for the building of a floating city or a floating island. All new buildings should be built on stilts. The experience in Kukup will come in handy. They have built a whole new village on concrete stilts into the sea. In the meantime, the car workshops and mechanics and the insurance people will be busy making more money from the cars turned submarines. Oh god, my car insurance premium is going to go up again. It is my fault, the fault of motorists who own cars and so it is only expected that they should pay for the higher insurance claims.

7/17/2010

The biggest lie modern man lives with

The US of America proclaimed to the world that it is the most peace loving country. And all Americans worthy to be called Americans will rise to clap on that. The American leaders know that they were telling a white lie. The country has been engaged in wars, unstoppable since the end of the second world war, and mostly initiated by themselves on trumped up lies and excuses. The enemies were always unscrupulously inhuman and wrong. Righteousness and goodness were on the American side. So is God. And the American public believe so. Not only the American public believe so, the American allies and lackey countries also believe so, at least when they spoke to the media. But deep down, they all know that they were believing in an American lie. They knew that America was the worst warring country since Germany and Japan in modern history. But for their own survival and vested interests, they have to sing the American tune, and tell the world that America is the most peaceful country. And often these 'axis of evil' countries will also send their soldiers to help in the killings of other human beans, under the command of the evil Empire. How long will humankind stand up to this big white lie and call a spade a spade? How many political leaders would be honest enough to say so?

7/16/2010

Cost of living up, standard down

'A Wall Street Journal article in January this year wrote that the relentless influx of foreigners has depressed the wages of ordinary Singaporeans, increased the cost of living and led to an overall decline in the standards of living.' I lifted the above paragraph from an article in TOC. And I believe that some Singaporeans also feel this way, especially those in cyberspace and the losers. How many of you believe that the above statement is true? I think it all depends on how big is your pay check and whether your annual increment is bigger than the rising cost of living. I have spoken to many people and they said not true leh. They said they didn't feel it at all. Some even asked, 'Oo yiah boh' or 'got shadow or not' in Hokien. But then these are the people who also said, 'What is $10m?' So the above statement is a very subjective one. I am stuck in between. Don't know what is happening. Perhaps I am the lucky few, the ignorant ones. When you don't know what is happening, life goes on quite pleasantly.

Who is in favour of the recent fare hike?

The fare hike is now a fact of life, a fait accompli. All the commuters are paying for it by as much as 40% more. And we heard about the restoring of a 3% subsidy. And everyone is happy. No one is protesting or complaining about it. Minister Lim Hwee Hua said the scheme will benefit the commuters in the long run. In the short run just pay more. Just pay first and wait for the benefits to kick in. Benefits for everyone? What about those that just pay more and no benefits? Yesterday the ST also came out in support of the fare hike. And the same note, pay first and let the scheme works. Works towards what? And is this the reason why no journalist or reporter dare to write an article about the scheme, whether the scheme is good or bad for the commuters, how the oldies/students are coping with it and how much more they have to pay? And is there anyone who thinks that this fare hike is unreasonable? Is there any MP going to ask question in Parliament about this? So far never heard of any MP saying that they disagree with this great fare hike. This must be another great scheme that is good for the people.

The American bully telling China off

The Chinese protested to the naval exercise involving a nuclear armed aircraft carrier in the Yellow Sea. To have a major military exercise at the Chinese doorstep is a kind of provocation to both China and North Korea. The American's reply, like all bullies, is simple. We have the capability to hold exercise anywhere and we will do it. This is the same kind of reply that the Japanese told the Chinese when they tried to colonise China in the dying days of the Ching Dynasty. China was weak and was inviting the stronger powers, like Japan, to attack her. One day China will hold military exercise in the Gulf of Mexico and the seas off California and will tell the Americans the same thing. For a start, China should conduct naval exercises with North Korea east of the Yellow Sea. In the meantime, train all the missiles at the aircraft carrier and other battle ships during the American and South Korean naval exercise. Send as many nuclear armed submarines to watch the exercise as well.