How rich are Singaporeans?

A recent survey claimed that Singaporeans are the 4th richest in the world with net worth of US$336k each or something like that. So how to compare this money with someone with only $30k to see who is richer materially? Of course the Singaporeans have more money, big and strong Singapore currency. The deception is only beginning. Think of how hard it is to save $100k and how fast it slips through our fingers. It may take someone 5 to 10 years to save up $100k but his decision to buy that car will instantly burn every cent away. Ok, Ok, he does not need to buy a car. He can take public transport or buy a bicycle to promote green life. And a young couple saving their first $150k only to see it vanishes when they sign on the dotted line to buy that little flat, and another 30 years to slog to pay up everything. Yes, they need not have to buy. Just rent or stay with the mummy and daddy. Young couples who are able to save this kind of money cannot buy HDB flats, very likely earning more than $10k pm. It is the govt’s ruling. Then the retiree with his $200k savings! They may feel happy and secure to put such a sum of money away for their old age. However, one admission into a hospital for a serious illness, gosh, not a single cent left, nothing left for his remaining years. Are we really that rich and well off? What is the purchasing power of our strong dollar at home? A Singaporean with $50k could barely pay for his Korean car. A Singaporean with a family income of $1k-$2k may need financial help to make ends meet. So we are rich. A major economic crisis will bankrupt a large portion of the population when so many people are indebt of $500k or more. We are exposing our people to such a high and unnecessary risk which we believe will not happen. We have forgotten what happened in late 1990s. Don't they have nightmares of a crash and living in debt, unable to pay their big loans?

Chia Thye Poh deserves a Nobel Peace Prize

He is the longest surviving political prisoner in modern history, serving more years than Nelson Mandela. He was imprisoned without trial for 23 years and under house arrest for another 9 years, giving a total of 32 years in detention. Mandela served 27 years in all. Wikipedia describes Chia Thye Poh as a prisoner of conscience, a person who stood firm on his belief without wavering and sacrificing his freedom and the best part of his life. If any one deserves a Nobel Peace Prize, it must be Chia Thye Poh. The politicians or political parties should nominate him as a candidate for next year’s award. He might be a communist, though he has never admitted to be one. But communist or no communist is no longer an issue with the award given to the first communist in China in Liu Xiaobo. And if the Nobel Prize committee does not know where Singapore is, it will be an advantage by telling them that Singapore is part of China. It will give the committee more reasons to give the award to Chia Thye Poh, ‘to spite China again’. And we can celebrate our own Nobel Peace Prize winner, our very own son.

The prostitution of Nobel Peace Prize

This was once highly acclaimed as a respectable honour when bestowed on a recipient. The recipient in most cases reserved such a recognition without any dispute or controversy. The first misgiving concerning the award of the Nobel Prize was when it was presented to Barack Obama, a greenhorn president that had all words and no actions during his early days as President of the USA. Everyone was embarrassed. Obama too was embarassed. For what had he done to deserve such an honour? Or was the title President of the USA be good enough for such an honour? Probably because he is the first black President of the USA and thus deserved such an honour. Regardless of the reasonings, no thinking person will think that Obama deserved the Nobel Peace Prize. And to rubbish the award further, he went on to increase troops in Iraq and Afghanistan and to continue fighting the wars instead of looking for peace. Many more lives were lost because of his decision to extend the wars. All the previous Nobel Peace Prize recipients must be turning in their graves. And those living must have felt how cheap the award has become. Nelson Mandela was jailed for political reasons for 27 years before he was deemed fit to receive the award. Just a few days back, a Chinese national by the name of Liu Xiaobo, was also given the same honour. He was jailed for only 4 years. Would political prisoners like Chia Thye Poh and Lim Hock Siew, who have both served terms as long as Mandela be more deserving of such an award? No, the Chinaman, with 4 years of jail was chosen, in a way to spite the Chinese authority and an attempt to pressure them, to meddle with their internal affairs. No doubt Liu Xiaobo has made great sacrifices for his cause. He has given up the good life to choose imprisonment instead. But he has become a convenient political pawn for the West to attack China. It is such a shame to the founder of the Nobel Peace Prize. An award to be respected and now being prostituted for political gains.

The art of investigative journalism

The amount of work and effort put in by a reporter to reveal the true identiy of Dr Joseph Ong Chor Teck as the anonymous writer in Temasek Review deserves a lot of praise. Not only that it is newsworthy, it also set a new direction on what investigative journalism is all about and what it can do to tell more interesting stories about people and their backgrounds. We can expect that such important news and news trend would gain more acceptance and popularity both in the main media and in cyberspace. The other new media like TOC and TR and some others with the resources may also feel encouraged to do their own investigative journalism and tell their versions of interesting and newsworthy stories. It will add a lot of zest and jest in cyberspace and the media reporting as a whole. Great development!

Asean now a US protectorate?

Is Asean a US protectorate? From what the Americans are saying or doing, it appears so. In mypaper's front page news today, it has this, 'US: We'll protect states unnerved by China.' This statement was made in Vietnam prior to the Asia defence talks attended by all the Asean defence ministers plus China, US, Japan and other Asia countries. What did Asean do to deserve this honour? Isn't Asean professes itself to be a non aligned organisation, freeing itself from big power rivalry? How did Asean become a US protectorate. No, Asean did not ask the US to be their protector. Asean only invite the US for tea. And on entering the room the US took over the tea room. It then appointed itself as the protector of Asean with China in mind. This is much easier than setting up Seato. Here there is an organisation and the Americans just walked in, declared that it is now the boss. What is happening? If there was any invitation for the US to be the dominant power in Asean to take on China, it is likely to come from Vietnam, and very likely without the approval of the other Asean members. The possibility of confrontation and conflict is very real given the track records of Vietnam and the US, both belligerent countries and trigger happy. Would the peace in the region and Asean's neutrality be compromised and be dragged into a war it does not want? Would the region become another Middle East? In reality, Vietnam does not need Asean to take on China. It has defeated the mighty Americans in the Vietnam War. It is reputed to have taught the Chinese a lesson during their last border war. Vietnam should confront China using its own mightly army, seize the islands it claims. And if China reacts, Vietnam should conduct another border incursion into China like it did before. And now with the Americans supporting from behind, the Chinese would not be able to teach Vietnam a lesson any more. Why the need to drag in Asean into their foray? Would Asean leaders be foolish enough to turn their organisation, painfully built over the years, into another American protectorate, and be sucked into a war it does not want and is meaningless to them? Whatever, the US has now assumed the role as master of Asean. The mafia boss has shown its true intent.