We hack you, we spy on you!!!

This is what the Americans were accusing China of doing. Now Edward Snowden got one step further and told the world that the Americans and the British were doing more, spying on friends and foes. Matthew Aid, an intelligence historian in Washington said this, ‘the reports (by Snowden) have confirmed long standing suspicions that the NSA’s surveillance in this country is far more intrusive than we knew…This is just what intelligence agencies do – spy on friends and enemies alike….’

The AGENCIES reported that the British intelligence agents had gone as far as setting up fake Internet cafes and tapping into foreign diplomats’ Blackberry messages and calls. Among those tapped were Dmitry Medvedev, then Russian President and now its PM.

China and several other nations have stepped up the pressure on the Americans to explain what they have done. But the allies of the Americans and British are keeping quiet, embarrassed that they were spied upon by their guardian, the empire.

So what is Obama going to say now? And Dick Cheney is claiming that Snowden is a Chinese spy. Waaahahhahahha. The greatest hypocritical evil empire will do anything and say anything to cover its arse. They have been spying and hacking into every country for ages and wanted to accuse China of hacking into American systems. This is swift retribution.

China must hold on to Snowden and make sure that the American killer squad does not get to him first.

Why do we need Yale NUS?

We have two of the world’s top universities in NUS and NTU, why is there a need for a Yale NUS? Are we going to have Cambridge NUS, Harvard NUS, MIT NTU, Oxford NTU? Should not the effort and resources be poured into NUS and NTU to make them greater and better universities? By having joint universities, they are going to draw more of the limited good students we have and will only dilute the quality of the NUS and NTU. A good university is not only about having good infrastructure and good academic staff, it also needs good quality students. Oh sorry, I forgot that we can get all the good students from third world countries to fill up the places to raise the standard of the universities.

If Yale NUS is just a commercial money making university, to bring in the foreign student dollars, that is a slightly different matter. But as another full fledge govt funded university, it will definitely put a dent to the quality and eventually the stature of NUS and NTU as good national universities. Would it then be better for Yale NUS to outshine NUS and NTU with the two losing their shine and rankings?

For the cost of setting up this joint university, this is not a small amount. Do we really need this university? Who is it supposed to cater to? Foreign students or to feed more foreign academics? And what would the students get, an Yale degree that is not Yale and a NUS degree that is not NUS.

Art of RAR featured in Artsy Shark and indiegogo.com

Hi,

My works are now featured in Artsy Shark hosted by Ms Carolyn Edlund effective today. Please visit http://www.artsyshark.com/2013/06/17/featured-artist-chua-chin-leng/ to enjoy the paintings and write ups.
My project in indiegogo.com, a crowd funding platform is awaiting support from art lovers who can appreciate what a piece of art from Mother Nature means. Please visit http://www.indiegogo.com/projects/paintings-of-gods/.

Cheers.

The pathetic state of Singaporeans in the banking and finance industry

We did not become a financial centre yesterday. We have built a good reputation as a financial centre for the last 50 years. We are perhaps the most advanced financial centre in the region. And we don’t have the financial talents and needed to fill the top management positions with talents from third world countries when their financial systems are at best rudimentary. Maybe I am wrong, the financial industries of third world countries are superior and they have superior finance talents too. And given that they are better, it is only natural that third world talents should fill the top management positions of this first world financial centre.
 
Tharman and Chuan Jin have been talking to the CEOs of the banking industry to right this pathetic situation, to rebalance our lousy talents or to train our lousy talents for top management positions. Or is it just to make up the numbers, with many doing the backroom work or as junior staff? If nothing is done quickly, it will become a vicious negative cycle and Singaporeans will all be relegated to the backroom or to work in middle or lower management positions. Our banking industry will become heavily dependent on foreigners and can be held at ransom by them threatening to pull out. How did we work ourselves into such a shitty situation? What have our super talents been doing? On holiday or counting money in their bank accounts?
 
This is what Tharman said, ‘There are differences between the banks – some of them have Singaporeans much better represented in the range of functions, some others have Singaporeans pretty much in the middle and back office…’ Is this good enough? This is Singapore and not Timbuktu. Singaporeans should be represented in top management levels in most of the banks, particularly local banks. This is what developing a Singaporean core is all about.
 
The composition of foreign banks may be a bit more tricky to expect more Singaporeans in top management. But there is no reason why the top management of local banks should be staffed with so many foreigners. This kind of situation is a reminder of the colonial days when the colonial masters sat at the top to order the subjects, who were designated mainly as clerks or chief clerks, around. Are we taking the path back to the good old days when foreigners are our bosses? If we are just a corporation, a MNC, then there is nothing wrong with it. But we are a country, a nation, and this is our country, our nation.
 
Talking about training Singaporeans to fill top management positions? What nonsense! Shouldn’t Singaporeans have acquired enough expertise and experience to be training third world talents instead of third world talents training Singaporeans?
Someone or somewhere got short circuited and thinks that this island does not belong to Singaporeans anymore? And Singaporeans are from the third world, ignorant, unsophisticated and needing assistance and training from third world experts sent in by UNESCO. Singaporeans are begging to be trained by third world experts.

Over paying the super elite

It affects everyone when the system overpays in whatever ways. One unspoken and may be unnoticed fact is the grotesquely over paying of a super elite group in our system. This group of beneficiaries has members mostly in their 60s, 70s or older. These are very able people who have made good in life, with a lot of wealth and do not need a single cent more to live a life of unbelieveable comfort and convenience. They have everything material in excess. And with their dying years, many of them are going to die very very rich, with a lot of money unspent.

And they are still being paid by huge pensions, chairmanship, directorship fees, association fees, acquaintanceship fees, appearance fees etc etc. Many have long retired, many long past their useful lives, many past their shelf lives. But they are still collecting hundreds of thousands or millions annually, to fatten their bank accounts that they will have serious trouble using them.

For every one of these super elite, the amount paid could have been spread to hundreds or thousands of more needy people and make their lives so much better. On the other hand, paying these elites another million or a few more hundreds of thousands has become meaningless. It does not make a difference in their lives anymore than for them to smile at the bank statements showing how much more they are getting, that is if their face muscles still allow them to smile.

It is not that they are all worthless and not contributing or useless in what they are doing. The point is that they are in semi retirement, in retirement, or some, just passing time attending board meetings. But the most pertinent point is that what they are taking from the system is taking a toll on the income of many people, and making the lives of many people less comfortable. This need not be.

And this pool of super elites is swelling by the days. They are going to live till 80s or 90s, which means that the system must cater a budget to pay them the ransom they are demanding. The system cannot afford to keep feeding a group of super elites, oldies, that kind of obscene payouts for 30 or 40 years each. The money must come from somewhere. Where do you think this money is coming from? Who do you think is paying for them?

This system of paying the super elites crazily when they don’t need the money is best to be toned down, give them a small honorarium for their presence and wisdom. It is already an honour to have them, to give them some purpose and a little contribution, a status, a recognised position, a big title in some cases. What more do they want when money is no longer an issue in their lives?

It is necessary to redistribute the wealth of the country to those who really need them and not to those who don’t need them, those with abundance of money, and doing really very little except to grace the occasion and be in good company, to be adored in reverence.