The Stock Exchange should go 24 hrs

SGX is still pushing for continuous trading with no lunch break to improve trading volume and to capitalise on the connectivity with other operating exchanges. Though the idea is good, it is half hearted. SGX should go all the way, provide continuous trading round the clock. This will make SGX the only stock exchange that never sleeps and investors who have insomnia or in different time zones can always call our exchange to trade till their hearts contend. This will definitely generate all the volumes that SGX intended and even propel SGX to become the world's number One stock exchange. It will be another feather in our hat. There should be no problems with our pool of remisiers and broking house employees. They will welcome such a great idea with glee. Plentiful of money to be made. The broking houses can help by redesigning the trading area with beds attached to the terminals so that remisiers can literally trade, eat and sleep in the same place. I would suggest something similar to the SQ jumbo airbus first class seat cum bed. That would allay any protest from the remisiers. Just make them comfortable and happy. Anyway the remisiers are very pliable and adaptable bunch and would just adapt to the new demands. They don't have a troublesome union to fight for humanly working hours or other craps that make operating the business difficult. There will be fatigue and stress problems no doubt. Just provide more steriod jabs in case they need them. And if they make mistakes, the stock exchange should be generous enough to pay for their errors. Working in a highly stress environment, none stop for 8 to 10 hours, can be killing and mistakes are bound to happen. And working 24 hours is a new ball game. No joke. If the maids can cope with working for 24 hours without any problems, I think remisiers too should be able to do it equally well. Take this as an experiment and if it works well, other industries too can go on 24 hours non stop operations. Our Ministries and Ministers too can work 24 hours to increase their productivity. 24 hours is the way to go. Make Singapore a city that never sleeps.

The housing predicament - What we do not know

One thing for sure, we do not know that we have limited land, that land is scarce. We do not know that we should not be selling our landed properties to foreigners, like selling Alaska, gone forever. We do not know that property speculation is bad, as a home is a must have essential asset, a roof over our heads. We do not know that prudence is good, or at least until yesterday. We also do not know that the laws of demand and supply can wreak havoc to our property market. We do not know that allowing private property owners to buy public housing will inflate property prices, and that is bad. We do not know that allowing more foreigners into the island will result in high demand for property prices and high speculation. And we also do not know who is the main cause of high property price. Maybe now we know, or do we?

War Dead Medal Tally

What I would like to see is for Asian media to maintain a War Dead Medal Tally similar to the Olympic or Commonwealth Medal Tally to be viewed by their audience daily during news presentation. In this case instead of Gold, Silver and Bronze, the count will be war dead by nationals, those killed in the ensuing wars in Asia. The Tally Board shall read for example, Iraqi 1200 Afghan 800 Pakistan 600 Palestinian 500 Israeli 100 American 300 English 150 German 30 French 20 Australian 10 Such a Tally Board not only serves the purpose of tracking the number of war dead, it also gives a clear picture of the people that have been sacrificed in the name of country and nation or as war collateral. It also helps to remind the politicians who support and promote the wars to know the number of lives they have killed. For the moment I think only the Americans and the Europeans are interested or care about the lives of their citizens killed in wars. The rest don’t matter. Or is it? I am sure the rest of the countries too value the lives of their citizens and those killed in wars, directly or indirectly. The statistics should not be difficult to obtain as every country involved will have their reporters reporting in the war zones. Not only that the media will be doing its duty to report and tell the pain and sufferings of wars, it will also remind people that as long as wars are not stopped, people are being killed daily. By not reporting them, by not knowing the numbers, no one feels guilty, no one can relate the horrors and grief of the victims of wars. I really hope some Asian media will take up this proposal as the Western media do not think it as their responsibility to do so, nor would they want to tell the evil side of the story of wars started by their trigger happy Presidents/Prime Ministers. Al Jazeeera and Channel News Asia are suitable candidates to take on this task to educate the people on wars, and indirectly to stop proliferating wars. Countries waging wars should also know that the world is watching at their evil and wicked deeds. It is a duty to humanity to tell the story of wars and war dead to keep people from thinking that war is only a movie.

Pressing all the right buttons

Mah Bow Tan was very impressive in Parliament yesterday. He was pressing all the right buttons and saying all the right things. I like the word prudence, the need for prudence in buying properties. I like to hear him going after those overseas properties, though I don't agree with him. I like what he said about more calibrated measures to control property prices. Though prices will not fall, they will not go up as much as 5% per quarter, only 3%, giving an annual increase of 12%. Not bad for property appreciation. Still got chance to hit $1m for HDB flats. The Ministry of National Development is doing a great job in managing the housing problem. Soon there will be no housing problems to talk about. Or maybe someone will say you cannot expect to have zero problems. But just don't create more problems to be solved by brilliant remedies.

Is China trigger happy?

According to Paul Krugman, Professor of economics and international affairs at Princeton University, China is. He referred to the recent Diaoyutai Incident when the Japanese Navy arrested a Chinese fishing boat captain and China's withholding the sale of rare earth to Japan and made this comment. '...the incident shows a Chinese govt that is dangerously trigger happy, willing to wage economic warfare on the slightest provocation.' What is the US doing in pressuring China to revalue the Yuan? Not trigger happy, just an American right to do so? What about the calls for trade sanctions, branding China a currency manipulator when the US is the real currency manipulator, printing more and more money and depreciating its own currency? But wait, let's talk about trigger happy? What was the reason for the invasion of Iraq? In this case, real bullets were fired. No, not real bullets, bombs, all kinds of bombs were thrown into Iraq, killing hundreds of thousands of innocent Iraqis. No this is not trigger happy to the Americans. What about Pakistan and Afghanistan? Oh, the Americans are using water pistols to shoot at their enemies. So the Americans are not trigger happy. They only squeeze water at their enemies. This is the American hypocrisy! They can be trigger happy but point the fingers at other people. Has China fire a single bullet? But he is only talking about economic warfare, firing economic guns. Which country has been enforcing economic sanctions on other countries on its own terms? China has been the victims of all kinds of economic sanctions from the Americans even till today. No need to mention North Korea, the Middle Eastern countries and all countries branded as enemies of the US. The US is not trigger happy. China is, according to Paul Krugman and most of the Americans who can speak and write. And they all believe in this hypocrisy as the American and western truth.