While there is still time

For the good of the country, LKY must divorce himself from all aspects of govt while he still can. Goh Keng Swee was also a giant in Singapore politics. His passing away did not rock the boat and life goes on as usual. It should also be the case for LKY. But this is not going to be if LKY is still in the thick of govt and the sudden eclipse of his overwhelming presence will trigger a shock, and foreign funds will use the opportunity to sell down the stock market for sure. It may be a knee jerk reaction but the damage can be severe. There is still time to prevent this day from happening. LKY should retire completely and be out of the picture to let the govt run without him. There is a need for a transition period for the world to know that nothing changes with or without him in charge or in the govt. His fading away is good for the country and for everyone. No one knows how long he will be around and the earlier he takes step towards this end will give the govt that much more time to run on its own. It will also prevent the doomsayers from creating havoc at the crucial moment when it arrives. As long as he continues to grant audience to state dignitaries, there is no doubt who is in charge of the country. LKY owes it to Singaporeans to make the transition of Singapore without him as smooth and uneventful as possible. That will be his last great contribution for the country.

When workers raid the treasury

How could that be when they are still begging for some kind of minimum wage for their labour? And they are fighting only for another $30 or $50 more, not like asking for thousands or millions more. The workers that are raiding the treasury are those at the top of the heap. Whether they call themselves presidents, MDs, CEOs or whatever, they are workers, employees, employed to do a job. The owners of the property or organisation are the minority shareholders, who are lost, disunited, and did not know their rights. And the expensive workers at the top took over the organisations and began to pay themselves crazy without the owners consent, but by default. That is when the workers start to raid the treasury. It is happening everywhere, from small to big companies. When this takes place, it is a matter of time when the greedy workers break the bank and let it go bust. It happened in America and Europe, during the financial crisis. It is back to square one when the workers are back to do what they know best, for their own interest, by raiding the treasury. Until the minority shareholders wake up and exercise their rights as shareholders, to stop the raiding, the raid will continue. The raiders will usurp the power granted to them with the silent consent of the powerless shareholders and manage the treasury as their own personal coffers. And they will tell the workers at the bottom of the heap to take whatever there is left and not to ask for a cent more.

The lure of the dark side

It is officially approved. MAS has given the green light to Chi East, a joint venture between Chi X Global and SGX to operate a dark pool trading platform here. This controversial trading platform that hides under a cloud of secrecy for big traders as against the principle of aboveboard and transparency trading is not new in Europe and America. So the big boys, the front runners, the smart asses are doing it and it cannot be wrong. I remember toxic notes and minibonds that were then so respectable because it came from the world's centre of finance and cannot be wrong too. The dark side has always been sexy and exciting. And playing with secrecy, like James Bond, with a licence to kill, is that much more glamorous and adventurous. It has all the thrills of cloak and dagger and the advantage of being above the law. Has any trading principle been undermined by the dark pool operation? Are the operators having an advantage over those that trades in the open? Is the principle of a level playing field been violated? Every step taken, even a small step, towards the dark side, is a wrong step. It may not be apparent now. It will eventually, but only when the sky turns dark. A frog being boiled to death never know how far it had crossed to the side of death. Little incremental changes are deceiving and comforting. Skirting with the danger of going down the slippery slope may not be evident. Yes, a single step has been taken. Welcome to the dark side.

Obama apologises for Americas evil deeds

by Karin Zeitvogel Karin Zeitvogel – Fri Oct 1, 6:43 pm ET WASHINGTON (AFP) – President Barack Obama personally apologized Friday to his Guatemalan counterpart for a US-led study conducted in the 1940s, in which hundreds of people in the Latin American state were deliberately infected with sexually-transmitted diseases. In a phone conversation with Guatemalan President Alvaro Colom, Obama expressed his deep regret for the experiment conducted by US public health researchers in Guatemala between 1946 and 1948, and apologized "to all those affected." The US president also vowed that all human medical studies conducted today will be held to exacting US and international legal and ethical standards. "This is shocking, it's tragic, it's reprehensible," White House spokesman Robert Gibbs told reporters, adding to apologies and outrage voiced by the president, Secretary of State Hillary Clinton, Health Secretary Kathleen Sebelius and other US officials. Is it really shocking? Robert Gibbs really did not know how reprehensible the Americans were and still is? This is nothing compare to all the genocides of the past and present. Do the Americans really believe that all was well in Guantanamo, in Abu Ghraif, in Iraq, in Afghanistan and in Pakistan and elsewhere around the world when the American’s dirty hand is present? This is the true America, the real America that all Americans did not want to know, and neither did the rest of the world. They only want to know the great and charitable and honourable America created in Hollywood. Long live the Empire. Below are some of the comments from the innocent and naïve in the same article. "What happened all those years ago is a crime against humanity and the government reserves the right to lodge a formal legal complaint over it," Guatemala President Alvaro Colom said. Hilary ‘Clinton and Sebelius said in a joint statement Friday that the study was "clearly unethical" and apologized to all those who had been affected by it.’ Francis Collins, director of the National Institutes of Health (NIH), the US government body that funded the study, called it "deeply disturbing" and "an appalling example in a dark chapter in the history of medicine." Senator Robert Menendez, a member of the congressional Hispanic caucus, called the experiments in Guatemala one of the "darkest moments" in US history. "No innocent fellow human should be treated as a lab rat, no matter your nationality," Did the Yakuzas in Japan remember their chemical and biological plant in northern China during WW2 era and how they experimented with Chinese prisoners as guinea pigs not dissimilar and could be worst than what the Ameicans did to the Guatemalans.

I almost bought SPH shares

Looking at how thick the daily newspapers have become, it is a good sign that the media companies are making good money. The advertisements, including obituaries, are filling up the pages. And these are real money pouring in. And the last few days the obituary pages could swell into a voluminous book if the PM's Office had not made the announcement of no obituaries for Hsien Loong's mother. The idea of obituaries in full page or double spread can be a great source of income. It would be better to market the idea of having colour pages for obituaries or even gold plated one with special papers for keepsake, to be framed up, or as collector's items. When that day comes, I will definitely rush out to buy up shares of media companies.