Many graduates from Singapore's world class universities are choosing to work part time in Singapore out of free choice because part time jobs not only give them plenty of freedom but also free time, and some to be their own bosses, driving people around at their own time. Part time jobs have indeed flourished in Singapore at least among Singaporeans as occupation of choice. I am not too sure about non Singaporean locals or foreigners. These are stupid people that want permanent jobs and could not see how good part time jobs are, and how lucrative.
The most lucrative part time job in Singapore of course is being MPs. This job is part time in many ways and still being paid $16,000 a month or thereabout. Ok, ok, for the millionaires, this is peanuts. But this is a handsome sum of money to 90 percent of Singaporeans, highly desirable and admirable. How many Singaporeans could earn this sum of money working full time? Only the millionaire politicians would see this sum no up. And this part time MP job also means attending parliament, a very vital area of an elected MP's responsibility is also part time. Want to attend then attend. If got other more important commitments like an MP's other full time occupation, the latter would take priority because it is full time and MP is part time.
Actually there are many other higher paying part time jobs like directors of company. If a director is being paid $120k a year in director fee, you know how lucrative it is? Company directors are not full time jobs. Board of directors meeting are often held once a month or sometimes once in two or three months. Assuming it is once a month, a $120k director's fee would mean each meeting a company director is paid $10,000, for 1 or 2 hours sitting in the boardroom tweedling his thumbs or having nice snacks and coffee.
And this is not the most lucrative if you know how much the chairman of a company is paid versus that of a company director. Let's say a chairman is paid $2.4m a year, divide that by 12 assuming there were 12 monthly meetings like the directors, it would work out to $200,000 per meeting. Not bad really. And if the company is really big, like a MNC and the chairman is paid $12m a year, it means each meeting he chairs he is being paid $1m for 1 or 2 hours of being there.
How many chairman are full time? Mostly chairman are part time job. See how lucrative part time jobs can be? Ok, Ok, forget about the graduates that ended in part time jobs because the good permanent jobs are filled by foreigners. Not all part time jobs are desirable or lucrative. Only very selective part time jobs are lucrative and highly desirable and enviable. Some people are just so lucky to end up with such cushy and super well paid part time jobs and doing or contributing you know what.
7/24/2018
Elon Musk is bringing Tesla to China
Elon Musk has just signed an agreement in China to build a giant factory
to manufacture electric cars. Yes, he is going against Trump’s America
First, by turning away from the USA to Made In China. Harley Davidson is
also doing the same by moving its factory to Mexico. Both quoted that
for their companies to survive they must be in China. Leaving China
would kill their businesses.
By moving production to China, Elon Musk is capitalizing on a skilled and discipline workforce that is paid one quarter of what he would have to pay an American worker. And he would also have a market of 1.4b people waiting to buy his cars. His cars would be produced much cheaper and could be sold cheaper or with bigger profit margin. To produce his cars in the USA would be suicidal as his cars would be too expensive and the profit margin too thin to be profitable.
India has been courting Elon Musk for a while to produce his cars in Make In India, even allocating a piece of land for the Tesla factory. The news of Tesla’s giant factory in China is making the Indians very angry, not at Elon Musk but at China. This is typical Indian anti China mentality. China is competing for business and would give the best terms to any investor and Elon Musk is the one that made the final decision choosing China instead of India. Why the hysteria and mass protest to hate China for a decision made by Tesla, the investor? India should compete by being more competitive than China if it wants Tesla or any investor to produce in India.
Trump is dumbfounded with the decision of Elon Musk that is a slap in his face. He should be the one that should be very angry with Elon Musk, but he for once is keeping his mouth shut. Any big American business following Trump’s American first policy is going to die cock standing in the international market of fierce competition. The cost of production in America is just insanely too expensive to be competitive in the international market. But that is another Trump card to bring down the American Empire.
Free trade is here to stay.
By moving production to China, Elon Musk is capitalizing on a skilled and discipline workforce that is paid one quarter of what he would have to pay an American worker. And he would also have a market of 1.4b people waiting to buy his cars. His cars would be produced much cheaper and could be sold cheaper or with bigger profit margin. To produce his cars in the USA would be suicidal as his cars would be too expensive and the profit margin too thin to be profitable.
India has been courting Elon Musk for a while to produce his cars in Make In India, even allocating a piece of land for the Tesla factory. The news of Tesla’s giant factory in China is making the Indians very angry, not at Elon Musk but at China. This is typical Indian anti China mentality. China is competing for business and would give the best terms to any investor and Elon Musk is the one that made the final decision choosing China instead of India. Why the hysteria and mass protest to hate China for a decision made by Tesla, the investor? India should compete by being more competitive than China if it wants Tesla or any investor to produce in India.
Trump is dumbfounded with the decision of Elon Musk that is a slap in his face. He should be the one that should be very angry with Elon Musk, but he for once is keeping his mouth shut. Any big American business following Trump’s American first policy is going to die cock standing in the international market of fierce competition. The cost of production in America is just insanely too expensive to be competitive in the international market. But that is another Trump card to bring down the American Empire.
Free trade is here to stay.
7/23/2018
To Buy or not to Buy Life Insurance is Individuals' Prerogative Rights.
To buy or not to buy life insurance policies is an individual's prerogative right. No one should be allowed to trample on this sacred human right on whatever the pretext. No insurance companies or corporations or conglomerates or insurance agents should have the right to force the people to buy life policies. No one in his right mind should be allowed to override this basic inherent human right.
Majority of working class people can hardly earn enough to sustain their every day life sustenance. Yet they have to be compulsorily forced to pay for their CPF. Do they still have enough cash left to be forced again into buying irrelevant life insurance schemes. If buying life insurance policies is made compulsory into a national commercial policy it is tantamount to stepping on an individual's basic human right.
There is no problem with the elites one percent or upper middle class ten percent population who earn hundreds of thousands or millions of dollars every year so they can buy any number of life policies they want to which ironically they do not need to except perhaps out of greed.
Big insurance companies anywhere in the world earn hundreds of millions or billions every year. But how much do they dispense due to claims, very minimal not even five percent or at most hardly ten percent .
CPF which is supposed to be an individual's life savings but has been hijacked into some sort of insurance schemes like Medisave, Medishield and Eldershield. Eldershield hardly dispense more than a few percent in claims out of the billions it has raked in as profit. And now the working class people are again forced to pay the compulsory Care Shield Life Insurance. How many more billions will this Care Shield Life Insurance squeeze from the people? And how does it intend to really dispense for subscribers when their needs arise without trying to give excuses of not paying out with illogical rules like what is happening with Elder Shield in which you can draw from the scheme only when you are bedridden, when you can't feed yourself, when you can't bathe yourself, when you are handicapped with only one eye or one leg or one arm. This is really atrocious. In other words they will dispense your claims only in the last episode of your life in the last few days, few weeks or few months of your life. Why can't they kick in the payment earlier to make the difference when an individual's life can still be saved?
So this sort of insurance scheme is very mercendary. The scheme is only concerned with making more and more money and yet it is claimed that the scheme is good for the people. Therefore the authority must not arrogate to itself the right to impose the scheme on the people. The people's interest must not be subservient and subsumed to the profit oriented interest of the insurance company or companies. Must the people continue to be conned and block chained?
For fair play the people must be given some leeway or else it is going to be troublesome when many really cannot afford to pay.
Southernglory1
The Singapore govt insurance business or racket?
The Singapore govt is going into the insurance business in a big way.
After the trial run of two compulsory schemes, CPF Life and Medishield
Life and facing no objection and opposition, it now feels free and
unrestrained to legislate more compulsory insurance schemes for the
people using their CPF savings. Now there are Eldershield Life,
Careshield Life and dunno what more are in the pipeline.
Is this a business or a racket? What I would consider or define as a racket is a scheme that the buyer does not want, does not need, cannot afford but still forced into buying it, compulsory, cannot say no.
How many people need or want to buy so many insurance schemes when they could not even afford to live decently, not having three good meals, everyday trying to make ends meet?
How many people can afford to pay for so many insurance when life is a financial struggle?
How many people would want to empty or deplete their diminishing life savings in the CPF due to inflation, high property prices to buy and buy, pay and pay, for more insurance schemes?
When a person cannot say no to buy things that he does not want, does not need, cannot afford to pay for it, it is daylight robbery no matter under what guises. No one shall be forced to buy things against his wishes especially when he cannot afford it and to deplete his life savings against his wishes.
Compulsory insurance schemes are rackets, daylight robbery in disguise.
No, it is good for the people? Sure they are good for the people, if they are not forced to buy them and can afford to pay for them. When they are schemed by other people to dip into their life savings against their wishes, the schemes are not so innocent and altruistic. And worse, when the schemes would end up in a lot of surplus or profits that would not benefit the people being forced into paying for them.
Oh, the schemes are not profit making! Did you hear that, non profit making whoa. Then why insist on keeping the surplus for the future that may not come to many of the contributors forced to pay for them? Keeping for the future, the rainy day that may not come is a bad excuse. Period.
With the stroke of a pen, a few million policies were sold as a few million CPF captive members would be made to pay for the insurance they did not want. One compulsory scheme, say 2 million paying, multiply that by 4 schemes, how many insurance policies are sold? Imagine how tough it is for an insurance agent to sell 20 policies in a year.
Damn senang to make millions and billions without having to sweat the small stuff. Worse than ‘pah chioh’ if you understand this phrase in hokien.
Is this a business or a racket? What I would consider or define as a racket is a scheme that the buyer does not want, does not need, cannot afford but still forced into buying it, compulsory, cannot say no.
How many people need or want to buy so many insurance schemes when they could not even afford to live decently, not having three good meals, everyday trying to make ends meet?
How many people can afford to pay for so many insurance when life is a financial struggle?
How many people would want to empty or deplete their diminishing life savings in the CPF due to inflation, high property prices to buy and buy, pay and pay, for more insurance schemes?
When a person cannot say no to buy things that he does not want, does not need, cannot afford to pay for it, it is daylight robbery no matter under what guises. No one shall be forced to buy things against his wishes especially when he cannot afford it and to deplete his life savings against his wishes.
Compulsory insurance schemes are rackets, daylight robbery in disguise.
No, it is good for the people? Sure they are good for the people, if they are not forced to buy them and can afford to pay for them. When they are schemed by other people to dip into their life savings against their wishes, the schemes are not so innocent and altruistic. And worse, when the schemes would end up in a lot of surplus or profits that would not benefit the people being forced into paying for them.
Oh, the schemes are not profit making! Did you hear that, non profit making whoa. Then why insist on keeping the surplus for the future that may not come to many of the contributors forced to pay for them? Keeping for the future, the rainy day that may not come is a bad excuse. Period.
With the stroke of a pen, a few million policies were sold as a few million CPF captive members would be made to pay for the insurance they did not want. One compulsory scheme, say 2 million paying, multiply that by 4 schemes, how many insurance policies are sold? Imagine how tough it is for an insurance agent to sell 20 policies in a year.
Damn senang to make millions and billions without having to sweat the small stuff. Worse than ‘pah chioh’ if you understand this phrase in hokien.
7/22/2018
The Americans coercing the UN to do its biddings
In this little red dot, China is being singled out, identified and accused as if it is the only country that is influencing, manipulating and coercing Singapore to be more friendly in its policies towards China. Now read this on how the USA is coercing and influencing the whole world, the UN, to do its bidding.
"UNITED NATIONS: US Secretary of State Mike Pompeo on Friday (Jul 20) urged UN member-states to keep tough economic sanctions fully in place on North Korea and maintain pressure on Kim Jong Un to dismantle Pyongyang's nuclear program.
"We need to see Chairman Kim do what he promised the world he would do," Pompeo told reporters after meeting with the Security Council.
The United States believes that North Korea can shed its "pariah" status from its nuclear and missile programs, but "it will take full enforcement of sanctions for us to get there," he said...." CNA
The Americans are using all its powers to influence and coerce the UN to impose economic sanctions on North Korea, Iran and its enemies openly, blatantly as the biggest bully in the world. No condemnation. In the North Korean case, having a few missiles and nuclear bombs is bad, a pariah state. But owning thousands of such bombs and missiles is regarded as a super power, with respect or in fear. No one dares to breathe a word about how violently wrong for a country to possess such an arsenal of weapons of mass destruction. It is a given that the Americans can have all the weapons of mass destruction they want but others especially small states, cannot do so.
What irony, what injustice and abuse of military might! And the whole world is being coerced to accept this fait acompli, this status quo. No one shall be allowed to challenge the American dominance in nuclear might. It is ok for the Americans to have all the weapons of mass destruction to coerce and bully small and big states. And the Americans are not stopping at that. They are going to develop more weapons of mass destruction with more destructive powers. How's that for insanity and stupidity?
No, the Americans are not simply manipulating or trying to influence other states, it threatens everyone with wars and destruction if anyone dares to oppose the Americans.
Why should the whole world, the UN, do the biddings of the Americans to bully smaller states. The UN should say no to the Americans and ignore the American sanctions on North Korea and Iran. The whole world and the UN must rise up against this world menace from bullying small states. The Americans have no moral high grounds to stop other countries from posssesing WMD when they are the biggest culprit and daily threatening to use them to destroy smaller states.
Say No to the evil Americans and their hypocrisy. Do not agree to their sanctions against any state. The real pariah state is the USA, the biggest bully and murderer of human beans. Russia and China should take the lead to stop the Americans in the UN. Put a stop to this world menace. The sanctions must be on the Americans instead.
When would the UN tell the Americans to denuclearise? Why the Americans no need to denuclearise?
PS. Open your eyes and see which country has been fighting wars non stop all over the world, killing hundreds of thousands, millions of innocent civilians, not counting those maimed and the destruction of their countries. Which country is threatening wars, provoking wars, inciting wars and bullying countries all over the world?
"UNITED NATIONS: US Secretary of State Mike Pompeo on Friday (Jul 20) urged UN member-states to keep tough economic sanctions fully in place on North Korea and maintain pressure on Kim Jong Un to dismantle Pyongyang's nuclear program.
"We need to see Chairman Kim do what he promised the world he would do," Pompeo told reporters after meeting with the Security Council.
The United States believes that North Korea can shed its "pariah" status from its nuclear and missile programs, but "it will take full enforcement of sanctions for us to get there," he said...." CNA
The Americans are using all its powers to influence and coerce the UN to impose economic sanctions on North Korea, Iran and its enemies openly, blatantly as the biggest bully in the world. No condemnation. In the North Korean case, having a few missiles and nuclear bombs is bad, a pariah state. But owning thousands of such bombs and missiles is regarded as a super power, with respect or in fear. No one dares to breathe a word about how violently wrong for a country to possess such an arsenal of weapons of mass destruction. It is a given that the Americans can have all the weapons of mass destruction they want but others especially small states, cannot do so.
What irony, what injustice and abuse of military might! And the whole world is being coerced to accept this fait acompli, this status quo. No one shall be allowed to challenge the American dominance in nuclear might. It is ok for the Americans to have all the weapons of mass destruction to coerce and bully small and big states. And the Americans are not stopping at that. They are going to develop more weapons of mass destruction with more destructive powers. How's that for insanity and stupidity?
No, the Americans are not simply manipulating or trying to influence other states, it threatens everyone with wars and destruction if anyone dares to oppose the Americans.
Why should the whole world, the UN, do the biddings of the Americans to bully smaller states. The UN should say no to the Americans and ignore the American sanctions on North Korea and Iran. The whole world and the UN must rise up against this world menace from bullying small states. The Americans have no moral high grounds to stop other countries from posssesing WMD when they are the biggest culprit and daily threatening to use them to destroy smaller states.
Say No to the evil Americans and their hypocrisy. Do not agree to their sanctions against any state. The real pariah state is the USA, the biggest bully and murderer of human beans. Russia and China should take the lead to stop the Americans in the UN. Put a stop to this world menace. The sanctions must be on the Americans instead.
When would the UN tell the Americans to denuclearise? Why the Americans no need to denuclearise?
PS. Open your eyes and see which country has been fighting wars non stop all over the world, killing hundreds of thousands, millions of innocent civilians, not counting those maimed and the destruction of their countries. Which country is threatening wars, provoking wars, inciting wars and bullying countries all over the world?
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