Bloggers Contest – World’s apart

The winner of the most popular blog contest organised by the citizens of the city state is none other than TREmeritus with millions of hits daily. Coming closely as first runner up is The Real Singapore. Second runner up goes to LittleSpeck. Actually these are just figments of my imagination.

The real winner of the Spore Blog Award went to Ivan Kwan whose blog, The Lazy Lizard’s Tales, whose article on the Pulau Ubin conservation went viral. Altogether 19 bloggers were honoured in the contest organised by the Singapore Press Holdings. Among the winners were bloggers on travel, lifestyle, parenthood, makan stalls and poetry.

Some of the winners would be blogging on finance and health matters soon. And one blogger commented, ‘It is also fantastic to see older bloggers – it shows that the trend is quite mainstream, no longer confined to the younger generation.’

Sorry uncles Seah Chiang Nee and Leong Sze Hian, not old enough, and not mainstream. And sorry, to be winners of the contest, you cannot blog about social political stuff. Mainstream bloggers don’t blog on such sticky stuff. I am going to set up a few new blogs on kite flying and fighting spiders. Maybe I will get a mention next year.

On the other hand it would be nice if TRE or some other lunatic blogging sites could organised a contest for the best blog or best bloggers on the lunatic fringe and we can reveal the fearful and frightening faces of these weird beings that exist in cyberspace. Otherwise no one will know of their existence or their blogs and the hot stuff they wrote. For sure they would not be writing about poetry and the beautiful garden city.

Ravi and Vellama shine through the constitutional haze

Last August a high court judge, Pillai ruled that the PM has all the discretion to call or not to call a by election when a single constituency seat is vacant. It more or less cast a big dark cloud over the constitutional rights of the citizens to be represented by an elected representative. Yesterday, light shone through the dark cloud to clear up this hazy matter. Three Appeal Court Judges, Chao Hick Tin, Andrew Phang and V Rajah, over ruled Judge Pillai’s judgement and re read what the Constitution really meant in a clear and logical way.

The Prime Minister may have certain leeway to decide when a by election is to be held but he must call a by election within reasonable time. A by election must be called to protect the rights of the people to be represented by an elected MP. Otherwise it would lead to the disenfranchisement of the people, an act contrary to the provision of the Constitution. Is not this logical from the very start? Well, judges are human beans too and their interpretations of the law sometimes left much to be desired.

The findings of the Appeal Court Judges in a way vindicated the smear poured over Ravi as an erratic person flawed by a bi polar sickness, meaning he is unreliable and may not even be fit to be a lawyer. This case proved beyond any doubt that for all the harsh accusations of a decent man in Ravi, his cranial faculty is still as sound as anyone learned man, if not better. Ravi pushed a case that was sound from the beginning and almost became unsound, which would also implicate him as being unsound. Now it is very clear that Ravi and his case are both as sound as they could be.

This judgement is a victory of the people, a victory of our judicial system, of sound interpretation of the law, a victory for Ravi and Vellama, two most unexpected individuals that took on the system to demand an explanation and interpretation of the law. And the Courts of Law delivered. And it also tells a story that judges do erred, particularly in the way laws are written and the way words are used.

Temasek Annual Report 2013

‘2009 News--Government will be able to issue more securities like bonds, after Parliament approved raising the limit of its borrowings from $250 billion to $320 billion.

This motion to increase the limit was passed yesterday.

Explaining the need for a higher amount, Second Finance Minister Lim Hwee Hua said the Government is close to reaching the current ceiling of $250 billion, with more securities likely to be issued.

There are $234.7 billion worth of outstanding government securities, she said, and the amount is expected to hit $320 billion in the next five years.’

The above was posted by an anonymous blogger as a comment. It is old news but may still be applicable when the next set of bond is due for redemption and wonder how much it would be.

I am no expert in this kind of numbers and I am not going to dig into them to figure out what is or what is not. Maybe Leong Sze Hian might have more to say on this. I think he must be banging away with his calculator at the moment to make sense of what is being published to day.

All I can say is that if Temasek’s net portfolio value is $215b and (if there is a $234.7b worth of bond expiring, hypothetically), the amount with Temasek would not be enough to redeem these bonds. Or maybe some of the bonds will be serviced by GIC. If Temasek is liable fully for this $234.7b, then the 16% annual return is going to be meaningless right? Anyone knows when will the next bond be due and how much would it be? I am just using the numbers as examples for discussion only.

And in order for Temasek to continue to hold on to this $215b, it needs to roll over the bonds by issuing more bonds to the tune of $320b. And this roll over is going to go up annually, while the value of Temasek’s holding may take a long time to catch up, which technically Temasek is operating on a negative asset basis. Tio boh? Please enlighten me that I am wrong and what Temasek is owning now a large portion of it is net profit, less bond redemption.

Oh, there are some economists here. Please help and explain to the laymen what the numbers mean, can?

Why are the Middle Eastern countries in perpetual turmoil?

The Middle Eastern region, including the north African states, are in perpetual turmoil, armed uprising, mass protest, regime change, civil wars and whatever you can name it, as long as it is about destabilizing a country, you can find it in the Middle East region. In the north you have Turkey, Syria, Lebanon, the Palestinian non state and Israel. In the south you have Iraq, Iran, Saudi Arabia, Jordan, and to the east there are Afghanistan and Pakistan. And to the west, there are Egypt, Libya, Algeria, Morocco, Tunisia etc etc.

There are two common factors in these countries, one is instability and war. The other, you guess.

The countries in Latin America used to be in a similar state with regime change and assassinations of their leaders a regular affair. These countries were also in a state of flux and instability. There were uprisings and rebel groups waiting to over throw the legitimate govts. Today, Latin American is like an oasis of peace. The turmoil and threats of regime change is past.

What are the two common factors that contributed to the peace and stability in the region? One is the absence of interstate conflict and subversion. The other factor, you guess?

OK, the other factor that is common in the Middle Eastern region that contributed to the existing state of constant turmoil and instability is the presence of the Americans. The Americans claimed that they have an interest in the region and thus have the right to put their fingers into the pot to stir shit, to promote regime change, to support rebel forces and insurgents against legitimate govts.

The other common factor that contributed to the state of peace and stability in Latin America is the absence of American interference. The Americans have been booted out of South America and with the door slammed shut in their face. As a result the Latin American countries could live in peace and concentrate on economic development, and to determine their own affairs the way they want it.

South East Asia has enjoyed four decades of relative peace after the Americans were forced to leave Vietnam and the Philippines. Today tension is again brewing in South East Asia with threats of war very imminent. What is the new factor that contributed to this new state of instability? You guess.

Ask why is the Korean Peninsula in a state of perpetual tension and at the brink of war? No it is not the North Koreans. They are just the straw men put up for bashing.

Singaporeans have forgotten how to protest

This seems to be the observations culled from the comments by some bloggers following the epic Egyptian protest and the Hongkie protest this week. I think in terms of public gathering, Singaporeans are more comfortable showing up for a celebration like the Pink Dot Movement or the National Day Celebration.

It is not that protest on the street is not a part of our history or not in our DNA. There were big protests against the colonial govt, industrial strikes, and some quite violent in a way. The students camped in the Bukit Timah campus of Chinese High. These were memories of the past.

The biggest protests in recent past other than the three in Hong Lim did not garner more than 20 people at most and in several cases less than 10. This is quite a phenomenon in our history. Maybe the law that defined 4 as illegal assembly may have conditioned the populace not to be seen in greater than 4 unless it is a govt approved protest.

How then could Sinkies get used to be running down the streets again in protest of whatever they want to believe and protest about? Maybe a little training, a few trial runs or a few practices to get them used to be in a street protest may be needed. Hong Lim is a good place for such training and we had three or so over the few months. The two protests against the 6.9 populations were surprisingly well attended in our context though dismal even to those of our neighbours. Really no fun huh?

And the last call to protest against the haze met with near total silence. Maybe it was the haze and the protesters were there but hidden by poor visibility. Come to think about it, an anti haze protest or something similar could be a good practice round. The Hongkies had a good trial run when they protested against the TianAnMen in what, 1989? I think this is a good idea to start with. Try to protest against something external, like the haze. The temperature would not be so high and people will not be too edgy about it. It may even be encouraged. Have a few runs to get the people to get used to what a protest is like. It can also be fun if grandpa and grandma and the children can come along, like a picnic.

However, not all protests are like a picnic. The latest Hongkie protest surprisingly was like a picnic though the motion was serious and causing the govt some jittery moments. They must have practiced it to an art by now, peaceful protest and both protesters and the govt are quite comfortable and knowing no force will be used against the protesters. Don’t try the Malaysian version 1.01.

The drawback about protesting on external issues is that it may not be attractive enough to draw in the crowd. There are issues too that will make such a protest unattractive. Perhaps the govt could contribute some free chicken rice and free transportation to educate the Sinkies on how to walk the streets confidently for a good cause or at least for the right thing.

Sinkies are now like domesticated animals and have lost their instinct to act naturally, to learn to live off the land, to fight for food, to fight for their own survival and existence. An introduction course to learn how to protest may be good for the Sinkies and country as well. One day we may need this for our own good. It is also a tool that the Govt can apply to exert some pressure in a cause that the official line will not work. There are times when letting the people into the street to do the talking is necessary.

Protesting is a forgotten survival skill in this sanitized and emotionless City when nothing matters anymore. People can get robbed of their life savings and would not dare utter a murmur. It is quite unfortunate really, to lose this survival skill. The discrimination against Sinkies in employment caught the Sinkies totally off guard and not knowing what to do next. Helplessness is the word. The ministers actually thought that the best thing was to plead with the transgressors or recalcitrants by having a chat over coffee, and hoping that things will happen.

Did the thought of a street protest occur in their minds? Lim Boon Heng did one some years back by marching from the NTUC Conference hall to High Street, if I can remember. The Govt must take the lead if the Sinkies are to relearn how to protest once more. Forget about the picnics in Hong Lim, that is a walk in the park.