Shorten talk time in Parliament

Some people are unhappy with the proposed shortening of talk time for MPs in Parliament. 30 min is considered too long and the new limit is 20 min. Consider the fact that there are 84 MPs and if each takes up 30 min for each issue, then Parliament can go on and on and MPs and ministers will not have time to do their work. Maybe that is the reason why some MPs find it difficult to attend Parliament. Shortening of talk time is good and we may have full attendance when MPs know that the session will be short and sharp. After all, how much time is needed to ask question and read prepared answers? I think the time can be further shortened as time is precious. The Ministers and MPs have many important works to do and too much talking can be wasteful. Shorter talk time will mean that every parliamentarian will have to be precise in what they say. Productivity and efficiency in parliament will definitely go up in all areas.

Doing away with exam results for school admission

I read an article by Kelvin Teo in NewAsiaRepublic blog calling for the doing away with exam results for school admission. He mentioned many good points about how the over emphasis on exam results may not be producing leaders with a heart or caring for the people. And of course all the fears and pressure of examinations. He also cited the doing away of school ranking as a move in the right direction after parental protest that ranking is bad. In the same vein, grading is equally bad. I must say that it is a revolutionary idea and worth thinking about. Let’s do away with all examinations or have examinations without results. Then we can remove all the ills and apprehension of parents and students. And no one can go around bragging about getting straight As and looking down on those who got straight Cs or worst. The parents and children will be most pleased. And we can advance every student to the university as universities too will have no exam results to base on for student admission. And when there are too many students applying for tertiary education, there are many well tested means to award places. Balloting is a good idea, fairly easy to use. A kind of COE, certificate of education, can be introduced and parents can bid for them for admission to tertiary institutions. Or a quota system, based on whatever criteria of race, language or religion, or parental status can be considered. One thing for sure, foreign universities will be out of the picture as they will likely to continue to look at exam results which our students by then would not have. But never mind. Make sure our tertiary institutions are ranked number 1 to 4 in the world ranking and our students need not bother to go overseas for their education. The more I write, the more brilliant this idea appears to be. I think I am now convinced that we don’t need school examinations at all.

The best thing coming out from the SGX/ASX saga

In Singapore, whatever argument that the govt used must be right. The critics may disagree, but so what? If the govt says that it has nothing to do with Temasek or GIC, that becomes the gospel truth. If the govt says that there is no conflict of interest, there is no conflict of interest. If the govt says Temasek and GIC are independent commercial entities, they must be. Questioning the logic is like questioning the integrity of the govt. When Singapore bought into Thailand’s telecom company, the Thais opposed the deal, citing Singapore’s govt involvement. Of course the Singapore govt’s argument was that it was strictly a business deal and had nothing to do with it. The Thais didn’t buy it. Now come the SGX/ASX deal and the same criticism from the foreigners, and the same defense from the Singapore argument. The foreigners are not going to buy our logic or be easily convinced. They are going to tear everything apart and put them under scrutiny. Arguments that are seemingly sound and right to Singaporeans are not going to be so in the eyes of a different foreign party. How so, aren’t the arguments factual and correct? We may have the MM and PM as Chairman and Deputy Chairman of GIC or other senior govt ministers or officials in Temasek or SGX, but these organisations are run independently of the govt. Can’t the foreigners see this and accept this simple truth? The point is that the foreigners are not going to accept this simple logic just because our govt says so. They are not Singaporeans.

40 gangsters arrested in new swoop

The men in blue has swung into action and netted another 40 gangsters following the public outcry for action. Given the right order, they can really do a good job. But 40 is too small a number to cheer about. There could be another 400 or 4000 on the loose. What else can the men in blue do to make sure that their message gets through and those still out of the net know that it is time to behave and not to create more trouble for good? I think the best thing to do is to pull in another few hundred and throw them into an uninhabited island to fend for themselves. And everyday just provide enough food for half of them. After 3 months the survival, if there is any, can then be received for an indefinite stay in the freehold bungalow estate in Changi. The thing is that while the men in blue are working overtime to bring in more of the gangsters, the latter may be planning more strikes to prove that they are indefeatable. We will have to wait and see. If the story of the loan sharks is anything to go by, you can bet that the next series of attacks could be worse.

American trade deficit game is simply brilliant

The American trade deficit with China not only works to its benefit, but is also intentional and planned. An illustration of how this works by using the latest issue of US$600b may help to make the game plan clearer. US$600b can buy a lot of stuff especially from China where the cost of goods is very cheap. Think of what the Americans could buy with that kind of money. All the goods made in China ended in America to be enjoyed by the Americans. The Chinese ended with US$600b of paper notes in exchange. The Chinese could go to America with the same money to buy American products. The American will sell some to them, say US$100b. So China ended up a trade surplus of US$500b. Looks pretty good. But what can China do with this money if it can’t buy things from the Americans? The US$500b becomes money on paper but worthless in real terms. To continue to deceive the Chinese, the Americans told the Chinese that they could buy American Treasury Notes or IOUs which pays a good interest rate. The US$500b will then be returned to the Americans in exchange for another form of worthless notes. The Americans do not mind paying whatever interest as it will be a small fraction of the US$500b. When the Treasury Notes or IOUs are due, the Americans will sell the Chinese more notes or IOUs a second time and on and on. In effective or real terms, the Americans are printing money to buy real goods from the Chinese, and the more the better, and all they have to pay are worthless notes worth the weight of the piece of paper it printed on. And the Chinese can only look at their monthly statements showing how much the Americans owed them, and they can smile and smile and smile. That is about all they benefit from the exchange. Now comes the best part. The Americans can then accuse the Chinese for chalking huge surpluses or imbalance of trade. And the fault is with the Chinese. The Chinese is causing the problem, selling more and buying less. In the meantime the Americans got to enjoy all the goodies the Chinese produced while the Chinese got useless paper notes in the bank accounts, and cannot translate them into real stuff.