The Ferrari and Hougang by election

What has the Ferrari accident got to do with the Hougang by election? Someone emailed a story of a Hougang voter’s encounter with an old man. I am not sure if this is true or just a story. The gist of it is that the Ferrari was going too fast, just like the way the economy is being pushed to fly. And if the driver refused to put on the brakes, come what may, even when he saw the red light, the poor bugger that is going to be killed will be the innocent taxi drivers and passengers. The taxi driver was just going on his life, struggling to earn a living, even at 4am. How would he to know that there was a crazy driver that refused to stop even when the red light was on?

Now, who can stop such crazy drivers, or what can stop them? You need a good co driver beside him to tell him to stop when needed to. And to be effective, the brakes must be working as well to allow the co driver to pull the brakes. If not, if there is no brake or no co driver, the crazy driver will just go about driving crazily. And many taxi drivers/passengers could end up as collateral damages, not knowing what hit them.

The email story said Hougang is like the brakes. You need the brakes in an emergency. You also need the co driver or more co drivers. And remember, taxis got no airbags, no social security when a big bang happens. There is nothing to protect or act as cushion. And make sure the co driver is not a little girl that is infatuated by the Ferrari and the driver and enjoying the wild ride.

The story ended by asking the people if they want more brakes and co drivers or want to be another taxi driver that ended up as statistics. And the moral of the story is….Don’t drive too fast, slow down a bit, watch out for red lights. And stop when the red light is on!

Quite commonsensical really, unless one is high on drugs or drunk.

Why bother with money laundering?

WEDNESDAY, MAY 16, 2012


Civil Society, Business Groups Call on Congress to Support Incorporation Transparency, Ban Anonymous U.S. Shell Companies

From the FACT coalition, Global Witness, and Global Financial Integrity.



Civil Society, Business Groups Call on Congress to Support Incorporation Transparency, Ban Anonymous U.S. Shell Companies



Legislation Enjoys Support of Law Enforcement, Obama Administration; Would Clean-Up American Financial System



May 16, 2012



WASHINGTON, DC – Today, 41 business and civil society groups sent a letter to every member of the U.S. House of Representatives and U.S. Senate urging them to co-sponsor the Incorporation Transparency and Law Enforcement Assistance Act (S. 1483/ H.R. 3416). This bipartisan bill, which is endorsed by the Obama Administration, would require companies to disclose their ultimate owners at the time of incorporation, making it much harder for corrupt politicians, tax dodgers, terrorists and other criminals to form and hide behind anonymous U.S. shell companies.



The signatories1, who include, among others, American Sustainable Business Council, Calvert Investments, Citizens for Responsibility and Ethics in Washington, Citizens for Tax Justice, Financial Accountability and Corporate Transparency Coalition, CtW Investment Group, Domini Social Investments LLC, Friends of the Earth – US, Global Financial Integrity, Global Witness, Human Rights Watch, Jubilee USA Network, Main Street Alliance, Oxfam America, Project On Government Oversight, Revenue Watch Institute, Sunlight Foundation and U.S. Public Interest Research Group, are concerned that it is legal to form companies in the United States with hidden ownership.



The letter states:

Increased corporate transparency would curb corruption and tax evasion, promote an equitable market economy, reduce the opacity of corporate campaign contributions, help ensure a fair and level playing field for small- and medium-sized businesses, foster global development and enhance national security…



Investigations continue to reveal that American and foreign terrorists, narco-traffickers, arms dealers, corrupt foreign officials, tax evaders, individuals targeted for financial sanctions and other criminals easily and regularly set up U.S. shell companies, without providing any information about who owns or controls such companies...This enables criminals to disguise their identities behind the anonymity provided to U.S. corporations and launder dirty money through the U.S. financial system.

The full letter can be read here.



Corporate secrecy fundamentally undermines U.S. laws to combat money laundering and tax evasion, as well as U.S. efforts to tackle global corruption. A recent World Bank report found that the U.S. was a favorite destination of corrupt politicians trying to set up shell companies to access the financial system. Once corrupt and other illicit funds have been moved through an anonymous corporate vehicle into the financial system, it is much harder to track them down. Shining a light on the ultimate owners of companies, would make it easier for law enforcement to do its job. To date, eight law enforcement organizations, including the Fraternal Order of Police and Federal Law Enforcement Officers Association, have endorsed the legislation.

The above passage is part of an article posted in the site Tax Justice Network, an international NGO that is concerned with tax evasion, money laundering and the damages these caused to the ordinary citizens. It seems that the US is a favourite playground for money laundering while the US Govt is making a show of it by making fools of other nations, pressuring them to enforce strict regulations against money laundering. This is exactly the same modus operandi it adopts in calling their enemy nations as aggressors or warmongers when the US itself is the most aggressive warmongers today, creating tensions, starting wars and fighting wars. It screams danger when smaller countries try to acquire arms or nuclear weapons for their national defence while it is the biggest exporter of arms to the world and holds the largest collection of nuclear weapons and weapons of mass destruction.

The treachery and hypocrisy of the Americans are beyond reproach. Only dumb countries will believe the biggest international gangster and do its bidding, to waste valuable manpower and resources to police money laundering in their little countries when all the major money laundering activities are being conducted in the US.

The Hougang brawl so far

I won’t use the term debate, discourse or election campaign, or anything that will give some semblance of maturity or respectability in the things said at the rallies so far. It is unbelieveable that so many childish and impish taunts and threats were aired as if they were clever points to make, by serious adults.

The kopitiams were full of laughters as they imitate or parrot the things uttered at the rallies. My gosh, are we seeing little children trying to score points against one another in a primary school debate? The secondary school debates were definitely several notches above in terms of lucidity, cogency and thoughtfulness in the points raised by the debaters. And here we are supposed to have a national debate by seasoned politicians. And what were they bitching about? The points were so parochial and pedestrian. Do they know that the school debaters out performed them in every point made. Put the school debaters and the politicians side by side, it is simply a mismatch, and in the favour of the school kids.

I can’t be proud of what I have heard so far. It is like trying to make a snide remark whenever the other party said something that is marginally ambiguous or with some loop holes to exploit. This is quality, we are progressing, raising political debate to a higher level. It is crass politics at its best.

F-35 Lightning II, another American con job

The F-22 Raptor, reputed to be the most modern and advanced multi purpose attack aircraft, is facing a mutiny. American pilots are refusing to fly this aircraft for fear of their own safety. Many dangerous situations have cropped up in flight with oxygen supplies being terminated, and in once case leading to the death of the pilot. Pilots have complained of blackout while flying, my goodness.

Now the American arms industry is pushing for the ultra expensive F-35 as the must have. Actually all these claims were bullshit. The specs of this latest white elephant, and those that came before, is nothing really special, but to match an imaginary superior Russian aircraft that the Americans need to be better of. What a load of rubbish. But the industry will keep on building a bigger and bigger demon and to con the Americans to pay for a bigger and bigger fictitious respond. This strategy is applicable to the other arms as well.

It is good for the American image, for the aircraft manufacturers and a lot of money to go into someone’s pocket. But who is paying? The tax payers are paying billions and trillions for a few pieces of toys claimed to be the best but never be so as newer ones will come on line and asking for more to be paid.

This is another big American con job. And not only the Americans are made to pay, the Allies are also made to pay as if without these aircraft they will lose their country or lose a war. Where is the war? Oh yes, coming, the Americans are going to start a few more in the neighbourhood and states will go to war and will need more advanced aircraft. More advanced than what, a Piper Cherokee or a Cessna?

To cut the story short, there is plenty of money to be had with such hype and by raising tension or starting wars. Russia and China could exploit this American weakness by playing up their own superiority, build imaginery superior aircraft, ships or land weapons and let the Americans chase after the shadows. The Americans love that kind of challenge. Oops, the defence industry loves them and will blow them out of proportion to make the American taxpayers pay for them. And they will spend themselves to bankruptcy much quicker.

Policy change in the main media?

In the last GE the main media was seen as providing a more decent coverage of opposition parties’ election campaign than they were used to. This went down well with the readers for a fairer game. When I flipped open the papers this morning, there was no denial that there was a deliberate shift in the coverage. It was so stark that there is no need to guess or to think where the sentiment lies.

Take the ST for instance, front page says, WP ‘chose not to send Png to Parliament.’ In page A6, a full page of coverage with headings like, ‘Voters free to pick best man’ and subheading, WP already has 5 MPs, Democracy is being free to choose: Denise Phua. Next, WP ‘changing tunes and taking Hougang voters for granted.’ The last two articles were titled, Desmond Choo on why he stayed on despite GE defeat and Parties keep up outreach.

Where is the coverage on WP?

And in Today, the headings, WP flip-flopped on national issues: DPM Teo. The next article on the same full page on the by election, with pictures of DPM Teo and Desmond Choo is, Will WP still serve Hougang if it loses, asks Desmond Choo. I was trying to find something on the WP, but again nothing reported.

And in mypaper, on page 2, Hougang voters value honesty, integrity most in candidates, says reporter Samantha Boh. The article is about how Desmond Choo can deliver and also about how clean he is. Another full page on page 4, Choo: Hougang belongs to residents, and another, Being scandal-free ranked low in poll. There were some mentioned of WP activities at the end of the former article though and one photo each of Desmond and Png.

The message is clear as to who should deserve more coverage in the main media. The battle line is drawn.

PS. Still searching for reports on the mammoth turnout at WP rally. If only it could be turned into votes. Maybe the majority were PAP supporters being there to give the WP a false sense of confidence.