Singapore - Do less, achieve more

'Speaking to reporters on the sidelines of the International Monetary Fund and World Bank Group Annual Meetings in Nusa Dua, Bali, Mr Heng said: "I’m very disappointed to read the Oxfam report ... The report, rather erroneously attributed, measures the performance (of countries) by input and how much money the public sector is spending on education, on healthcare.

"As we know, what really matters to our people is the outcome. It's the health outcome, it's the educational outcome and those are fairly objective measures. So it is important for us to focus on the outcome and not get misled by input measures," he added. ' Quote from CNA

The economists and statisticians have certain ways of understanding an issue. One of the way that is making Heng Swee Kiat and other ministers unhappy is the correlation between input and output. The more you put in, eg money, the better will be the result. This is like paying higher and higher education fees to make sure the education is quality or paying millions if you want above mediocre ministers. You can't blame Heng and his peers for not understanding this relationship. Actually they should know better. They are the living practitioners of more money more results.

But why did Heng think otherwise, that it is not how much you put in but the outcome. The outcome in this case is not how much is being put in 'by the govt'. In this matter, you can spend less and get more, or do less or work less and get better results.

The first believer of this theory is Tharman when he was the Education Minister. He came out with 'teach less and learn more'. The trick is in the details and implementation. And this do less and achieve more catchphrase is gaining popularity. The latest from DBS, ''Bank less, live more" in a way comes from the same kind of reasoning. How about eat less and live well, eat less sugar to live healthier, or pay more sugar tax or water tax? Oops, I digress.

I am also a believer of this theory of doing less and achieve or getting more. I eat less, never full, and somehow feels healthier. I spent less on food, often a $3 meal is enough and still go kicking or running around. On this, never eat until your whole face is rough, rosy and oily. It may give one a wealthy and prosperous look, like towkays, but once lard start to ooze out from your pores and crevices, you are in deep trouble. I know it looks so rich and handsome, the wealthy and succesful look of having a good life, not the scrawny poor look, like a starving grey hound.

I digress again. I may like the do less achieve more catchphrase, but this is only good as a queer theory, an exception. In reality, in practice, it is more input, more output, more money, better quality. If not the ministers would not be asking to be paid in the millions and asking for more, or the universities would not be raising fees to improve their qualities. Same as the MRT, must raise fare to improve quality of service.

Then you ask, why they never say pay less and better quality of work and services? Should give it a try by paying the ministers less and see if the result would be better? Lower train fares, lower medical fees, lower tuition fees in universities, and achieve better results?

Would any minister be shouting,  pay less get more? This is a good topic to table in Parliament.

PS. Can daft do less and achieve more? I think super talents can.

Space exploration and cooperation - Politics is out

The failure of a Soyuz rocket to bring two astronauts to the International Space Station marks the ending of an era of space exploration where the Americans were calling the shot. After their failed mission to send astronauts to space with a batch of highly trained astronauts killed when Apollo exploded on take off, the Americans have lost confidence in their own rockets. They have tacked on to the Russians and the Soyuz rockets to send American astronauts to the ISS.

The failure of the latest launch is going to be a watershed in American/Russian space exploration. The big question, would the Russians be able to sort out the problems before the next mission? In the meantime the Americans are still crowing about their superiority in space technology and keeping China at a distance, obstructing China from participating in ISS and from sending Chinese astronauts to the space station. They are still calling the shot to sideline China despite being passengers in Russian rockets.

NASA's top official Bridenstine was quoted to say that in space exploration, politics has been kept separate from such cooperation. The cunning Americans are saying this because they desperately needed the Russian rockets to send American astronauts to space. Without the Russian's cooperation, they would have to play out their space exploration act in the Californian desert. But when dealing with China, politics would not be kept separated from space exploration and they would die die want to keep China out of the international space programme.  This is what the hawkish John Bolton said recently, '''If they're (China) put back in the proper place they would be if they weren't allowed to steal our technology, their military capabilities would be substantially reduced. And a lot of the tensions we see caused by China would be reduced,"... He indicated that Washington was prepared to take more action to restrict sensitive high-tech exports to China. "We did this and continue to do it in terms of dual-use technology that could affect nuclear, chemical or biological weapons or ballistic-missile development.' Quote from CNA.

The silly Americans like John Bolton may continue to blindly brag about their superiority in technology in particular space technology. This idiot is so ignorant about the dismal fate coming the American way when the ISS outlived its expiry date in 2024. But the day of reckoning would come knocking earlier.

At this moment there are 3 astronauts in the ISS, an American, a German and a Russian. They were due to return home in December but the flight is delayed until further notice pending the Russians confirming they could fly the next rocket. And there is only enough food till April next year in the ISS. If the Russians were unable to resolve their rocket problems, these 3 men would be mummified in the ISS. There is no reliable American rocket that can do the job of flying them home.

Would the Americans come crawling and crying to Beijing and beg China to help them bring their astronaut home? Would they be chiding the Chinese not to get politics involved in space exploration, forgetting that they were the bastards that have kept the Chinese out of the international space exploration programme and from joining the ISS?  Would idiots like John Bolton be still shouting about their superiority in space technology and wanting to keep China from stealing their technology or would they be desperately trying to steal Chinese space technology or Chinese rockets?

For the moment, NASA have made meek advances to China to want to be let into China's Space Station, which would be the only station in space after ISS came to the end of its lifespan in 2024. China would be stupid to allow the Americans in by the backdoor after being kept out of the ISS for so many decades by American hostility and arrogance.

The story of American astronaut trapped in the ISS is still evolving and will hit critical stage come next year if the Russians are unable to launch another rocket to the space station. Time is ticking away. What goes around would come around. The Americans must have a taste of their bad medicine.

The next big American anti China hooha could be 'Save American astronaut from Space' with the American politicising the issue and branding China as a heartless nation, not willing to cooperate and help to save poor American astronaut dying in space station. And all the silly Americans and bananas would rise to echo the American shitty political agenda.

StanChart looking for a new CEO?

'Lex adjudged that chief executive Bill Winters has done a poor job of preserving shareholder value — never mind building some — since he joined just over three years ago. The shares are down 40 per cent.
Emphasis mine. FT’s Letter from Lex summarising it’s article that’s behind a pay wall. Emphasis mine.

Time for Temasek, the controlling shareholder, to talk to other top 10 shareholders about removing him? Pigs will fly first. The CEO that ran the bank into the ground was kicked out because another top 10 shareholder,Aberdeen Asset Mgt, as it then was, organised a campaign against him.
But then Temasek’s paper general CEOs would also have to go if they are judged by best practices ang moh private sector standards.'    Cynical Investor

The above were comments by Cynical Investor posted in TRE. He was talking about the financial woes in StanChart and the heavy fines it is paying the US govt. The shareholders are definitely unhappy with the current CEO and may be looking for a replacement. Temasek is a major shareholder of StanChart and would be concerned about who is next to helm the bank.

While Cynical Investor was talking about paper general CEOs in a different direction, maybe Temasek should seriously consider putting up one of its hundreds of paper general for the post. It has placed many paper generals in different CEO positions that were unrelated to the experience and training of a soldier general and all doing extremely well. Why not putting one as the CEO of StanChart?  Cynical Investor also commented that this Winters made our paper general looked so good. OK a little OTJ may be required but this is chicken feat.

It is a good opportunity to train paper generals into top bankers. Singapore needs more locals, oops, shouldn't use this dirty word, I mean Singaporeans, to become top bankers. A top financial centre must continuously be grooming its citizens for such positions and not relying on foreigners all the time. It is high time such a scheme be put in place.


If this suggestion is a no go because a MNC would want its CEO to have relevant experience and soldiering experience of paper generals would not be accepted as good enough, perhaps Temasek can send its top Singaporean banker, Piyush Gupta to take over StanChart. Then the CEO of DBS can go to a Singaporean that is next in the queue.


The foreign shareholders inn StanChart would definitely welcome Gupta as he is now one of the world's top bankers, if not the best banker in the world, at least he is the best in Asia helming Asia's number One bank, DBS.

This would be a good career path to develop for retiring paper generals. DBS is a good training ground for paper generals to be bankers and then move on to helm StanChart or other foreign banks where Temasek is a majority shareholder. It is time that this career path be institutionalised to provide a good career for our hundreds of paper generals queuing up to join the private sector as CEOs.


Who do you think Mr Heng? Or shall I ask Mr Lee or Madam?

Unfair trading practices versus Unequal Treaties

The Americans are accusing China and other trading partners of unfair trade practices. And using this excuse the Americans have launched a trade war with all their trading partners and targeting China as their number One enemy.
 
How unfair are the trade practices of China? How would these so called unfair trade practices compare to the Unequal Treaties imposed on China after the Opium Wars and Sino Japanese War? Any of the Americans remember what were these Unequal Treaties and how fair or unfair they were to China? But before these Unequal Treaties, do they remember the wars of conquest, colonization of people and countries and imposing their will on the colonized people, looting and plundering these countries into poverty, robbing their land and natural resources and the dignity of the conquered and colonized people?
 
Since the Europeans left their shores to colonise and control the rest of the world, since the end of WW2, all the rules governing international trade were dictated by the West and subsequently by the Americans. The Americans and the West controlled the UN, IMF, World Bank and many international organizations to dictate rules for the rest of the world. They imposed sanctions and restrictions on what they want to buy and sell on the rest of the world. They set all the terms of agreements in their favour. Note, all the rules and regulations and treaties were dictated by the West and the Americans. And during the days of colonial rule and unequal treaties, the terms were forced on the other side under duress and threats of war. And the rest of the world, including China, has to abide and play by these rules. They imposed their will on China with stringent and unfair terms to join the WTO, the UN and any organization they controlled, and often banned China from organizations they did not want China to participate, like space technology and exploration.
 
Given the fact that the Americans were the ones that were dictating terms on international trade and international relations, how can these terms be favourable to China and unfair to the Americans? Are the Americans so stupid, so altruistic, so generous, to China and the rest of the world? China was isolated by the Americans for decades. The Americans are still doing it to China in many areas, and to countries like Russia, Iran, North Korea, Venezuela and many other countries they demonized as enemies.
 
The economic downfall of the USA is due to unfair practices, unfair practices imposed on the Americans by China and the rest of the world and China and the rest of the world are to be blamed for this?
 
On the other hand, China and the rest of the world were the underdogs. And when China signed trade or infrastructure building agreements with the rest of the world, these were done on a willing buyer willing seller basis, on terms negotiated by equals, with the best negotiators from both sides. These agreements by China and other countries were not done at gun point like the West and the Americans used to do when they conquered and colonized people/states.
 
Today, all the little countries are liberated and independent countries except the semi colonies of the USA and some colonies of European powers. South Korea and Japan are still victims of unequal treaties imposed on them by the Americans, demanding the right to station troops in their countries and controlling their armed forces. Same as in several Middle East countries. The independent countries today are helmed by highly politicized, smart and nationalistic leaders. Would these leaders signed agreements with China under pressure and to their disadvantage? Would the brilliant American trade negotiators/gangsters sign unfair trade agreements with China, under pressure because China is more powerful than the Americans? Could China dictate trading terms with the Americans in favour of China and Americans willingly agree to unfair trade practices when they are in charge, in control of everything, the world's biggest hegemon?
 
The facts, all the trading rules and terms were dictated by the Americans and the Chinese were price takers of such unfair agreements, often biased and in favour of the Americans. How valid is the claim of Donald Trump and his gangsters in Washington that China is imposing unfair trade practices or taking advantage of unfair trade practices on the Americans?
 
This is exactly like the saying, a thief shouting thief. China and the rest of the world are playing by the rules set by the Americans, under the American world order, living under Pax Americana, the Evil Empire.

Training to become hawkers

I read in the main media of this great opportunity to become hawkers in Singapore’s famous hawker culture business. ITE has started a new hawker course to teach and train aspiring young people, very likely armed with degrees or diplomas to become hawkers. This new profession is about the best thing that has happened in Singapore for the young and entrepreneurial Singaporeans since getting a permanent job is quite difficult as most of the jobs were taken up by the 2 million foreign talents working here, and with more coming in to become locals and Singaporeans. New Singaporean graduates are finding it tough competing with these new talents, or is it that employers for some reasons, prefer to hire foreigners instead of Singaporeans, and other than becoming taxi drivers, it is better to become hawkers.
 
The ITE course, Introduction to Managing a Hawker Business, has attracted 25 aspiring young people to learn this new trade. Among the things that they would learn other than managing a hawker stall would be things like how to source for suppliers and yes, how to formulate a business plan. This is serious business.
I am calling my grandfather to apply to be a lecturer for this course. His experience as a hawker for 50 years, from the time he arrived in this island, with out a penny, with no education, would be very useful to the new trainees that have no clues about running a hawker stall. My grandfather would be able to teach them all the tricks of the trade, including sourcing for suppliers, how to cut operating cost, how to work from 6am to 12 mid night, how to stand frying char kway teow for long hours without going to the toilet.
 
But there is a caveat. My grandfather would not know how to teach them how to write business plan. Also he would have to conduct his course in Hokien. He had never been to school. He learnt his trade the hard way or what they called, OJT. There was no one to teach him how to be a hawker then, and no hawker courses to learn how to be a hawker.
 
Hope if he got the job, the highly educated trainee aspiring hawkers would bear with him and be willing to learn from him. Hawker business is not so easy and they don’t teach them in schools or the universities. So my grandfather and his peers would be the best lecturers/trainers for such a course. They had been there and done it, no pure reading by the books.
 
This poses a new query in my mind. Who are they getting to train these aspiring hawkers, people with experience in being hawkers or text books academics? I am still puzzled by the availability of such experts in the hawker business. Would a Mat Salleh help?
 
Ok, ok, I am kidding. My grandfather must be 150 years if he is still alive. But hawker business is going to be a new profession for our young people since they no longer can become IT professionals or other professionals in Singapore. This is their best hope to earn a decent living and have a permanent job or profession. Otherwise they would likely be unemployed or underemployed.
 
The caring govt has come forward to give them a helping hand by initiating such a great course to train them to be hawkers. If not they would not have a clue how to become a hawker. Singaporeans must be taught or they would not be able to do anything on their own. This is like they said, no initiative, cannot think, cannot find out on their own, a product of Singapore’s tuition culture.
 
My grandfather did not need any tuition or training to become a successful hawker. He would faint if he knows that his class would have highly educated young people with no ideas about how to be a hawker. He would like say, seow.