4/02/2014

MH370 – Not a shred of evidence

More than 3 weeks have passed and a massive search exercise involving many nations is in full swing in the southern Indian Ocean. Everyone has been told that the aircraft ended or crashed there. Everyone is convinced that that is the truth. No one seems to be questioning whether this could be a disinformation or a diversion.
 

Where is the evidence to say that MH370 crashed there? Can anyone bring out a piece of solid evidence to say that the aircraft crashed into the southern Indian Ocean? Solid evidence is solid evidence, not guess work, not extrapolation, not theories, not beliefs. The extrapolation by Immarsat using Doppler Theory is, ahem, just extrapolation and could be furthest from the truth.
 

There is absolutely no evidence to prove that the aircraft ended in the Indian Ocean though a few Prime Minister are trying to tell the world they know it is there.
You tell me what is going on? Every clue and lead led to a big blank. Are the searchers working with their heads? Did they know that the Americans are taking their own sweet time as if they know that it is all a big fake show, that there is nothing there?
 

Not sure whether to laugh or to cry.

Putting on the red lens on climate change

Last night’s SG+ on climate change was all about all the great things Red Dot has done on climate change and saving mother earth. Everything is so positive, green buildings, water conservation, new water, earth hour, cutting down on wasteful consumption, reducing car population, reducing carbon emission, encourage walking or cycling, saving waste papers, plastics etc etc. Everyone in the panel of discussion was patting himself and feeling so good that as a first world country we were setting an excellent example for the less developed countries to follow.

I was just a bit puzzled by some of the things that we are doing like scrapping cars in 10 years or less when they can be used for 20 or 30 years. Is this wasteful or saving resources? What about pulling down structurally sound buildings that could last another 50 to 100 years just to rebuild even higher and higher buildings? Are these acts helping to reduce consumption of energy and resources and material or wasting them?

What about increasing the population from 3m to 5.4m and now proceeding to 6.9m? Is the increasing population going to increase consumption of energy and resources or the other way?

On the whole I think any one of these three items, premature scrapping of good road worthy cars, pulling down of structural sound buildings or population increases could outdo all the things mentioned in para one added together to reduce consumption of resources but conversely has more adverse effects on climate change in bigger ways.

What is the point of saving a glass of water but turning the aircon on the whole night? Think how much airconditioning is needed to cool the funny gardens for plants that would grow wild in their natural habitats? Is the Red Dot really a good example in energy saving or reducing consumption of resources to help in slowing down climate change? How much more energy and resources would need to be consumed for every million people added into the island, the food, energy, utilities, their toys, the leisure and casual consumption for them to live and use?

Can we remove the red lens and look at the self perpetuating myths and fallacies we created to make us look good and feel good? Our greed for more people is so destructive that we didn’t even know or were aware of it. We are so blind to our wrongs and so smug in blowing our own trumpets. We are helping in the worse way to destroy mother earth by destroying our little island first.

Singapore students top the world in PISA

In a test conducted by Programme for International Students Assessment in 2012, Singapore students, and I repeat, Singapore students, beat the rest of the world to come up tops, not only in rote learning but also in creative thinking. Amazing isn’t it? 

After a decade of wearing the no talent tag, when they are deemed to be more stupid and useless than fake talents from the 3rd World, our students are world beaters. And those 3rd World countries where we drew our talents from were not even mentioned or appeared in the top rankings. Among those rated closer to Singapore are South Korea, Japan, Macau, HongKong, Shanghai, Taiwan, Canada, Australia and Finland. No wonder we are seeing the rise of Asia.
 

These students that topped the PISA test are likely to be strait A students for their O and A level examinations. And they are likely to be admitted to local universities and will also do very well. They will also be able to find employments quite easily and will be quickly promoted to middle management in the future.
 

But they will not be good enough to be at top management level. They will mostly be replaced by the fake talents from the 3rd World that they beat with hands down. Then they will add to the statistics of the unemployed or underemployed PMEs. And many will end up as their own bosses, driving taxis to pick up the foreign fake talents and hoping for some tips if they are lucky. If they are unlucky they will end up as punching bags to these foreign talents for their amusements.
 

Some of these who refused to accept their fate will try desperately to submit their resumes to the employment agencies operated by foreigners but would be told that they lacked the skill sets and experience needed for their clients. These foreign employment agencies would prefer to recruit their talents or fake talents from the 3rd World to fill up positions in this world class city.
 

One caveat, this is likely to be the picture if conditions remain like what it is now. Things may change in 10 or 20 years when all the free trade agreements are signed and foreigners flooded this city looking for jobs and our world beaters would count themselves lucky if they could even find employment in the first place.
 

Andreas Schleicher, Special Adviser to the OECD Secretary General on Education Policy and Deputy Director for Education and Skills has this to say, ‘It shows that today’s 15 year olds in Singapore are quick learners, highly inquisitive, able to solve unstructured problems in unfamiliar contexts and highly skilled in generating new insights by observing, exploring and interacting with complex situations.’ What he meant is that our students are not blind muggers but really talented and creative. But would those asses listen to him? I bet not. The asses will still be singing praise for foreign talents and recruiting fake talents and bring them in plane loads to replace these local talents in top jobs, middle jobs and eventually all jobs except taxi drivers.
 

Can these bright Singapore students look forward to a great career in the future? What do you think?

Kopi Level - Green

4/01/2014

High-Frequency Traders Ripping Off Investors

High-Frequency Traders Ripping Off Investors, Lewis Says
2014-03-31 00:09:27.261 GMT


By Nick Baker and Sam Mamudi
March 30 (Bloomberg) -- The U.S. stock market is a rigged
game where high-frequency traders with advanced computers make
tens of billions of dollars by jumping in front of investors,
according to author Michael Lewis, who spent the past year
researching the topic for his new book “Flash Boys.”

While speed traders’ strategies, developed over the past
decade with help from exchanges, are legal, “it’s just nuts”
that they’re allowed, Lewis said during an interview televised
today on CBS Corp.’s “60 Minutes.” The tactics are too
complicated for individual investors to understand, he said.

“The United States stock market, the most iconic market in
global capitalism, is rigged,” Lewis, whose books “Liar’s
Poker” and “The Big Short” highlighted Wall Street excesses,
said during the interview. The new book comes out tomorrow.
“It’s crazy that it’s legal for some people to get advance news
on prices and what investors are doing,” he said.

Everyone who owns equities is victimized by the practices,
in which the fastest traders figure out which stocks investors
plan to buy, purchase them first and then sell them back at a
higher price, said Lewis, a columnist for Bloomberg View. To
show how lucrative the tactics are, Lewis said a technology firm
spent $300 million to build a line that would shave three
milliseconds off the time it takes to communicate between New
Jersey and Chicago, then leased it out to securities companies
for $10 million each…..
 

His latest target, high-frequency trading, comprises a
diverse set of software-driven strategies that have spread from
U.S. equity markets to most developed countries as computer
power grew and regulators tried to break the grip of centralized
exchanges….

There are no surprises why this rigging of the stock market could go on for so long as the lawmakers were mostly paid by the big boys to shut up and look the other way. But to write about front running by a few milliseconds to make profits is just skimming the surface of this devious criminal activity. It is the privy of market information on who is buying/selling what, the volume, price, the short positions etc etc that is ripping the innocent investors through the act of plugging their computers into the exchanges that is doing more damages than just high speed trading. They are not telling the host of advantages of having super computers attached to stock exchanges to make trading an almost sure win bet.
 

The criminals must be brought to justice, the stock exchanges sued and compensations be paid to the innocent investors who have lost their pants trading in the market. Anyone or govt bodies approving its practice are complicit to the crime.
 

Below is a Wall Street Journal report dated 1 Apr 14.
 

‘The Federal Bureau of Investigation has launched a wide-ranging investigation into high-speed trading with an eye on whether some firms are acting on fast-moving market information that isn’t available to other traders.
 

The investigation, launched about a year ago, involves a range of trading activities and is still in its early stages, according to a senior FBI official and an agency spokesman. Trading ahead of other investors based on information about orders that other investors can’t see could violate insider-trading laws, the spokesman said….’

China US relations – Different fears

The rise of China as a contender to challenge America supremacy and world hegemony is the biggest fear of the Americans. They have ruled the world since WW2 and could dictate to the world at will, invade countries, conduct wars, conduct regime change, blackmail and impose sanction on any country it chose to call enemies. The Americans said you cannot have nuclear weapons or WMD, that’s it. Refusal to obey will lead to war, sanctions or regime change or outright assassination of the country’s leaders.
 

The rise of China as a counter force to prevent America from doing all the above is not going to be accepted willingly by the Americans. The Americans would want to fly its military aircraft up and down China’s coast, sail its naval ships all over the seas of China. It also wants to fly its B52 bombers into China’s ADIZ at will. It also wants to be able to strike at Chinese embassies anywhere in the world at its own time and choosing. But with the rise of China, all these will have to stop sooner or later. With the rise of China, China too would want to fly its military aircraft along the American coasts, its naval ships in the eastern Pacific Oceans and the western Atlantic Ocean. And it would want to strike back at will should the Americans dare to do a Belgrade again. These are the fears of the American Empire.
 

The Chinese fear is all about what the USA will do to prevent its rise as a superpower peacefully. It fears that it will have to fight a war with the Americans and its allies along the way. It fears that the Americans will put obstacles on its path in all its activities across the world. The Chinese fear a premature full scale war with the Americans when it is not ready to return favour for favour with the Americans.
 

Across the world, many countries under the influence of the West also fear the rise of China. They fear China because they were told to, for centuries, by the western powers that China is a rogue and expansionist nation. They fear China because they refused to think who actually conquered and colonized them and dictating how they should conduct their relations and affairs. They fear China because they live under an illusion created by the west that China is a monster and the Americans are their savior. And they unconsciously choose to be under the control and dictate of the Americans rather than be free nations to choose their own destiny without being control by any superpowers. They did not know that the fear of China is an illusion created by the western powers to entrap them like fearing a shadow.
 

The Americans have a real fear of losing its pole position and the freedom to do as it pleases. China has a genuine fear that the Americans are trying in everyday to throw a spanner in its works or to start a nuclear war.
 

The rest of the world that claims to fear China has an irrational fear planted in their heads by the western powers. There are a few with self created fear of China when they made claims to Chinese territories as theirs. Other than those with competing claims, the fear of the rest of the world of China is simply foolishness. They do not fear the Americans as they have got used to being bullied and dictated by the Americans and this has become second nature and an accepted norm of living with the American Empire. They don’t mind the Americans spying on them and waiting to destabilize their countries when the Americans are unhappy with them.
 

Many countries in Latin America, Africa, the Middle East and across Asia have been victims of American bullying for decades since WW2 and are seeing the enemy as it is, the real and not imaginary enemies planted in their heads.
 

There is a new beginning in the horizon when the world will be more equal with more superpowers emerging to balance the American Empire from doing as it pleases, for running roughshod over weaker countries at will.