7/24/2010
Do we need million dollar FTs?
Do we need to employ multimillion dollar FTs to tell us that if we don't take lunch break our productivity will go up by 10%? You pay me half of that and I will raise productivity by 40%... by extending trading hours by 4 more hours. How about that?
And all our workers need just add another 2 hours of work and our economy could grow by another 10%. And Swee Say please don't worry about quality of work life. No need to talk about CBF. Just work 24 hours better still, more productivity.
What is the problem with the stock market that such a desperate measure is even thinkable? Is the market doing roaring business? Running out of ideas or didn't know the real problems facing the market?
Why are so many retail investors losing their pants and losing faith in the market, and no longer in the market?
Is the market fair to small traders, a level playing field for all investors?
Are there parties that are having extra advantage and wiping out the small investors?
Are the hedge funds and big funds operating like trawlers, scoping up everything and destroying the market in the process?
I don't believe that none of the supertalents knows what is really wrong with the market. I also believe that some will know that scraping lunch break is a silly idea and would not do any real good to the market if the flaws in the market are not removed.
If they don't have any idea, just ask Obama or see what he is trying to do to save the American stock exchanges.
7/23/2010
FTs without the local losers
What would this country be without the local losers? One thing for sure, no more soldiers and uniformed personnel. No one will be buying the overpriced HDB flats. And no one will be fighting with the FTs for train and bus seats.
And no complaining about govt policies.
Notable quote from Remy Tan
What a country needs is not just talent, but also commitment and loyalty....Remy Tan
Remy Tan wrote to the ST commenting on the Wharton and Harvard couple who decided to move to Singapore because Singapore benefits them but then changed their minds because of xenophobic postings in the blogs.
I can agree with Remy Tan's comment but with some qualifications. What he said is only true if it is a country. If it is a hotel, then what is needed is more talents and not commitment or loyalty. And this is the exactly what is happening to the MNCs. All the executives are creaming off as much as they can from the organisations knowing very well that at some point in time they will have to leave. There is no need for commitment or loyalty to any organisation or country. It is one's own pocket and interests that matter.
Are we building a country or are we turning it into a hotel? A hotel always places the interests and comfort of its guests first. The staff are there only to work and collect pays. If we go the direction of the hotel, then what we need are talents and more talents and more talents. No need commitment nor loyalty. The latter are foolish ideas to con the fools.
What is a little extraordinary rain?
We have overcame many extraordinary challenges to make us what we are today with extraordinary men paid with ordinary salary. Today we have extraordinary men paid with extraordinary salary and we could not solve a little problem caused by a little extraordinary rain.
Singaporeans are gasping in disbelief. They would be less demanding and would expect much less if we have ordinary men paid with ordinary salary and trying to overcome extraordinary challenges.
Men like Goh Keng Swee and his colleagues would be turning in their graves knowing that we are now stumped by a little extraordinary rain. And more unbelieveable, we have not only extraordinary men but also super foreign talents to tap their expertise from. And we have all the money to pay for it. All we need to do is to throw some money into the air and many great solutions will instantly appear.
7/22/2010
Singaporeans queuing up to be maids
After yesterday's report of a maid inheriting $6m from her employer. I am also thinking of becoming a mate, oops, I mean a maid, and hopefully inheriting a couple of millions as well.
Being a maid can be quite rewarding at times. My friend's mother gave the maid her diamond ring after a few month's of care giving. The maid was so attentive to her needs, helping to wash and bath her as well.
There are wonderful maids and maid employer relationship. There are the other extremes when employers took every advantage of maids, like tying shoe laces in the public when the employer could do it herself.
My friend employed a maid with tying shoe laces as a primary duty. He could not tie his own shoe laces for he could not see nor touch anything beneath his waistline.
Anyone want to employ a male maid, with a carrot of a few millions at the end of the contract? I know many Singaporeans are already asking to be maids under the same terms. It is not really a bad job or a bad idea you know.
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