The world is under threat. Free trade and globalization under threat. And out came Joe Biden and Xi Jinping in Davos to speak up in defence of free trade and against protectionism. Trump’s America are going to raise trade barriers and protectionism, threatening the very institutions the Americans were championing in the last 7 decades. China benefited from the existing world order but Trump is out to dismantle it, claiming that the Americans are losers and he needs to make America great again by breaking down the global system that was built by the Americans.
China is protesting and leading the world leaders to tell the Americans and Europeans that free trade and globalization are good for them and they cannot run away from them. Xi Jinping promised that China would keep its economy open to the world. Klaus Schwab, executive chairman of the World Economic Forum, WEF, hailed Xi’s key note speech, as a ‘very important speech at a historic time’. The free world of the West returning to isolation is raising fears of trade wars.
Joe Biden in his dying days as the Vice President of the USA, joined Xi Jinping to call for the preservation of free trade and globalization. His last few words before his expiry as Vice President spoke volumes on the dire consequences when Trump moves into the White House.
What is happening? Where would Singapore stand now, siding with its old allies that are now against globalization and free trade or standing on the side of China to promote free trade and globalization?
What if the USA raises trade barriers against Singapore imports? What if both China and USA closes their doors to Singapore? Would Singapore take its principled stand on free trade and globalization and joined the Philippines and Malaysia to be on the side of China against the anti free trade and pro protectionism Trump America?
1/21/2017
1/20/2017
How poor or how rich are Singaporeans?
Leong Sze
Hian quoted some numbers from the MOM. Let me quote below:
Median gross income of all employed residents (excluding employer CPF) is much lower?
However, if you look at the Ministry of Manpower’s (MOM) Yearbook of Manpower Statistics 2016 – the median gross income of all employed residents (excluding employer CPF) is much lower, at $3,125.
407,400 earn less than $1,500?
There were 407,400 residents (about 19.4 per cent of the total workforce of $2.1 million) whose median gross income was less than $1,500 monthly.
After CPF = less than $1,200?
If we deduct the maximum employee CPF contribution of 20 per cent – the net take-home pay may be less than $1,200.
Arguably, most of the 407,400 people with take-home pay of less than $1,200 may be struggling to make ends meet.
47,000 earn less than $500?
Median gross income of all employed residents (excluding employer CPF) is much lower?
However, if you look at the Ministry of Manpower’s (MOM) Yearbook of Manpower Statistics 2016 – the median gross income of all employed residents (excluding employer CPF) is much lower, at $3,125.
407,400 earn less than $1,500?
There were 407,400 residents (about 19.4 per cent of the total workforce of $2.1 million) whose median gross income was less than $1,500 monthly.
After CPF = less than $1,200?
If we deduct the maximum employee CPF contribution of 20 per cent – the net take-home pay may be less than $1,200.
Arguably, most of the 407,400 people with take-home pay of less than $1,200 may be struggling to make ends meet.
47,000 earn less than $500?
I am stunned
by a few numbers from the above stats. 407,400 or 19.4 per cent of the
residents earned less than $1,500. This
is not much different from the pay of our top cleaning supervisors. My God, so
many earned the same salary as cleaners! And after less CPF, the take come
salary is only $1,200, the salary of ordinary cleaners.
This is jiat
lat man. How to survive in this most expensive city in the world, or among the
top few most expensive cities in the world? But there is one comfort, the govt
has made home ownership so cheap. With $1,000 they can buy a 2 rm flat to stay.
At least this is a consoling point, got a roof over the heads. Not sure how
much left for food and other necessities.
But aren’t
Singaporeans the richest people in Asia? Very high income, asset rich, highest
quality of life. Putting the two together, this must be another Singapore
miracle. Earning less than $1,500 and can afford to live well in one of the
most expensive cities in the world when some complained that their family life
would be affected if they did not earn more than millions in annual income. I
really respect and admire those earning less than $1,500 pm and living well. I
am still wondering how they could do it? They must be switching to eating fish
when meat becomes too expensive.
1/19/2017
Duterte telling Abe go fly kite
Abe went to
the Philippines and wanted to sell submarines and missiles to Duterte. Yasay said the submarines too expensive and
politely turned down the offer. Duterte simply told Abe no one is going to
attack the Philippines. No need for the missiles. Philippines do not want a
Third World War on its islands.
This is a
piece of wisdom that Duterte could teach the rest of the stupid Asean
countries. Why keep on buying weapons and pay hard currencies for war machine
just because the Americans hyped that China and North Korea are going to attack
them? The sillies and unthinking in little Red Dot believe in these threats
whole heartedly and everyday worrying that China and North Korea are going to
attack the Red Dot. Go look at all the countries neighbouring China, anyone
worrying about China attacking them? The only country that is claiming that and
building ICBMs is India, just like the West, hyping that China is planning to
invade India when China was there and pulled back without staying a day longer
after they defeated the Indian Army in the 1962 border war. What, China want to
attack or invade India? What for?
This is the
21st Century. Conquering or invading another country is no longer
acceptable, permissible or the thing to do. Colonialism is no longer feasible
as the Americans have proven many times, that they could not conquer and rule a
country by force anymore. But the Americans
have not learnt their lessons well and still stationing Americans troops all
over the world thinking of war.
Who would be
the most likely aggressor country to conduct and engage in wars? China, Russia
or America? Who have military bases and troops all over the world? The
Americans have been accusing Russia, China and North Korea as the threat to
peace when the real threat to world peace are the Americans. They are the
trigger happy gangsters that have been engaging and still engaging in wars
everywhere.
China going
to attack Singapore, North Korea going to attack Singapore or the Philippines?
Stupidity has no cure. Let Duterte teach them how to think clearly. Duterte is
going to send all the American troops back to the USA. The American troops are
in the Philippines to defend against who, or to hold on to the Philippines as a
semi colony, like Japan and South Korea? Die die also would not leave.
The
Americans are hyping all the threats to frighten the silly Asian countries to
allow them to station their troops in their countries as semi colonies of the
American Empire, to control them and to buy more American weapons. Can understand that?
Stupidity
has no cure.
PS. The
Philippines filed a mild protest to China for putting anti aircraft and anti
missile weapons in the SCS islands. The Americans were hoping to drive a wedge
in the warming relations between the Philippines and China. The Pinoys are not
stupid. These are defensive weapons, not offensive weapons like aircraft
carriers, tanks and nuclear bombers. They would only be used against anyone who
intrudes into Chinese territorial waters to challenge the Chinese. And the
likely intruders would be the Americans or maybe the Japs and the little
sheriff in Australia.
The
defensive weapons are not to attack the Philippines, but to defend Chinese
islands. What is there to protest?
$12 million for Korean comfort women, debt settled
Abe is
insisting that the South Koreans removed the statue of a comfort woman placed
in front of the Japanese embassy in South Korea. The Koreans cannot remind
themselves of this insulting crime against their women but the Japanese can
continue to remind themselves of their war criminal heroes in Yasukuni Shrine
when Japanese leaders regularly went there to pay homage, respect and to honour
these war criminals.
And this is
what Abe said, ‘Japan has already paid 1 billion yen($12 million) as we
sincerely fulfilled our obligation. This statement by Abe is belittling the Koreans even more and a new insult to them as a people. I think it is now South Korea’s turn to
show sincerity in an unwavering manner.’
Why were the South Koreans furious and wanted the statue to be there
again when it was removed earlier. They were provoked by Japanese ministers
visiting the Yasukuni Shrine to honour the criminals that abused the comfort
women. But the Japanese would not want to understand this. Now Abe is accusing
the South Koreans of insincerity.
Mind you,
the $12 million was what the Japanese believed is the worth of the hundreds of
thousands of South Korean women forced to be prostitutes to satisfy the sex
starved Japanese soldiers that invaded their countries. And the payment was not
to repay a debt but just an obligation! What, an obligation?
The Japanese
and the Abes all thinks alike, that the abuses and crimes against the South
Koreans can be repaid by a few million dollars. The insults, the humiliation,
the rape and looting of both Koreas are nothing. The payment of a few million
dollars, oops, not payment, but some handouts are just obligations that they
owed to the Koreans.
Can this man
be trusted? Is this man, Abe, and the Japanese be trusted and are they
honourable people? After what they had done to the Koreans and the rest of
Asia, no remorse, no repentence. They believed that they have paid for their
crimes. Maybe some quarters in Singapore would think it is over, water under
the bridge, and even think the Japanese are honourable and trustworthy people.
How many
here believe so? How many believe that the rape and insult and humiliation of
the South Korean comfort women is worth only $12 million dollar, debt settled?
Unlike SE
Asian countries, the Koreans are not going to forget the invasion, colonization
and humiliation of their country and people so easily. The rootless people of
SE Asia would not mind the massacres of their forefathers as they could not see
any link to their past. They have no past, no cultural roots to look back to.
1/18/2017
Jennifer Granholm – Ignorance is no blessing
The ex
governor of Michigan, Jennifer Granholm, has told Trump to look at Singapore as
a role model for creating jobs. As they said, ignorance is bliss but not when
national policies affecting the livelihood of Americans are concerned. The
recommendation by Jennifer to use Singapore as a role model is at best out of
ignorance, a lot of superficialities, and at worst, shallowness.
The situation
and conditions in Singapore are so far from what she thinks they are. She came
to the conclusion by talking to a few ‘business roundtable of CEOs’ that
recommended Singapore to her. I would agree if I were an American or foreign
CEO looking for a job in Singapore. The point is that Singapore is so lack of
top talents that anything that walks on two legs, and is foreign, is good to
become CEOs in Singapore. And many foreigners are enjoying this fascination and
attention in Singapore. The Pinkerton
Syndrome is thriving today with renewed enthusiasm in the heads of boys and
girls in charge. It is thus only natural that Singapore is a goldmine to these
CEOs.
The
realities in Singapore are very different. Other than the silly obsession with
anything western or foreign, Singapore is creating good jobs for foreigners to
the tune of more than half a million managerial, executive and professional
positions but with its own people increasingly losing their jobs, especially
the Singaporean PMETs to foreigners. The myth that foreigners are here to
create jobs for Singaporeans is receiving all the cynical comments by the
thousands of Singaporeans losing their jobs and ended up as taxi drivers.
Is this what
the Americans want? Is this what Trump wants, bringing in more foreigners to replace
Americans and making more Americans losing their jobs? Didn’t Jennifer know that Trump rose to the
Presidency promising not to bring in more foreigners and to create jobs for
Americans? Is she recommending to Trump to follow Singapore, to bring in more
foreigners to take jobs from citizens?
A little
knowledge is dangerous. This is a case of superficiality out of ignorance and
talking to the wrong messengers. Trump would blow his top if this
recommendation is put up to him, together with TPP is good for the Americans.
PS. This Jennifer should note that Singapore created more than half a million good jobs for foreigners. How many good jobs did foreigners create for Singapore, or causing more Singaporeans to lose their jobs?
PS. This Jennifer should note that Singapore created more than half a million good jobs for foreigners. How many good jobs did foreigners create for Singapore, or causing more Singaporeans to lose their jobs?
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