This is big news in the USA, and NASA is celebrating and hoping that this would be successful. And if so, the Americans could send man to space again, oops not again but for the first time. The SpaceX company, a private company, has successfully launched a rocket to space with a capsule containing a rubber man inside to test if it can carry man safely to space. NASA has given up all hopes of developing a rocket that can send man to space safely without blowing up in mid air.
Wait a minute, were we not told that the Americans went to the moon many time 50 or 60 years ago using their rockets? Why are they hoping that a private company can do it successfully for them today? Did they do it, done it before? Or they did not, they bluffed the whole wide world that they did it? Oh, they lost their technology and the notes and now dunno how to do it any more. Really ah?
For the last 4 or 5 decades the Americans have sheepishly been hitching a ride on Russian rockets to the International Space Station when they could not do so on their own. And these selfish and devious Americans even told the Russians not to allow the Chinese to go to the ISS. And quietly, after so many decades of inability, lack of ability, no talent, degenerating intelligence, they finally accepted the fate that they could not develop the know how of a safe rocket to space, they even closed down NASA without fanfare.
Now private companies are trying to do what the Americans, NASA could not do and they are praying that these private companies could be successful and allow them the bragging rights to shout, 'China stealing our technology', and of course, for the first time, to send men to space in their own rockets and come back alive,
The hard truth is finally out. The Americans did not have workable rocket and space technology to send men to space, how could they ever reach the moon and back? The moon landings were all hoaxes. What more do you need to call a hoax a hoax?
The Americans can no longer bluff about how superior is their space technology. The probes to Mars and the pictures from Mars could be hoaxes as well. Can't even go to the moon, can go to Mars?
3/01/2019
Retrenchment of DBS remisiers – The Story continues
The pitch for DBS remisiers to join other broking houses has gone up another level. Red carpets, refreshment, wines and generous hospitality came with offers to bring every DBS remisiers into their folds are a great contrast to the way DBS so casually wanted to retrench all its remisiers, offering
those that they found suitable, with good job fits, subject to market practices on retirement age, jobs they have not done for the past 20 or 30 years. Remisiers being offered new jobs would likely be treated like fresh graduates entering the job market. DBS has circulated a list of job vacancies and many remisiers found themselves out of circulation due to the qualifications needed. Needless to say, the older remisiers would be out of contention because of age. Some of the offers by the broking houses are just too good to resist and made the remisiers feel so wanted.
The remisiers have been with DBS for a very long time and DBS is home. Many have grown very fond of DBS and would not want to move to another broking house. Many would want to be with DBS till they are no longer contributing positively to the DBS bottom line when they have to part company with DBS unwillingly.
The remisiers are asking for a meeting with Piyush Gupta to discuss whether this restructuring could be modified and the remisiers could still stay with the DBS family and continue with their trade. The objective of the meeting is to seek an amiable settlement with both sides looking good, comfortable and honourable, with little acrimony after the retrenchment exercise.
If this is not possible and does not fit into DBS’s plans for the future, maybe, in recognition of their long service and their contribution to DBS’s revenue in the past and present, and also for taking over their client base and the business developed over the years, DBS may think it is appropriate and fair to want to consider offering some kind of compensation to them.
The contribution of remisiers may be small today relative to DBS’s huge profits of billions every quarter, but still substantial. On the average, each remisier could have contributed at least a million or more to DBS revenue, easily more than $400m in total in the last 20 or 30 years. And this is all without taking a single cent from DBS as salary, no staff benefits, no annual leave, no staff insurance, welfare etc etc.
The client base and business conscientiously and tirelessly developed by the remisiers over the years cannot be worthless, unappreciated and NOT compensated. There is value in the client base and business. All the broking houses are eyeing DBS remisiers with great anticipation. Is it fair banking practice for DBS not to compensate the remisiers when taking over their client base and their business?
Would DBS live up to its reputation as a good employer, the best employer, a caring employer, and in all fairness, offer a compensation package to the remisiers due to this unilateral decision by the bank in the interest of the bank?
At the moment, other than the offer of trying to find employment for some younger remisiers, subject to job fit, DBS is not talking about any other form of compensation, just bye bye to the remisiers and wish them all the best in a new journey to nowhere. Some of the remisiers may have to call it a day. Some, if not able to find alternative employment or offers from other broking houses, may face joblessness, premature retirement, and even financial difficulties if they have families and children to look after.
The ball is now in the DBS’s court. Would DBS be so cold, heartless, mean and calculative to retrench all the remisiers that have contributed so much and for so many years to DBS with nothing but fresh air? Did DBS remember that during hard times, when they needed remisiers, they paid remisiers to join DBS? DBS even paid the big remisiers just to retain them and not to join other broking houses. Now that the stock trading business is not desirable by DBS, is it fair for DBS to wipe its hands clean and tell the remisiers to go under the excuse of restructuring?
On another note, this retrenchment exercise would contribute to the unemployment statistics of PMEs when it is totally unnecessary but because DBS has a new business model that it claims does not need remisiers.
Is DBS a good employer, caring employer, the best employer? Is DBS a fair and honourable business partner? These questions would be answered by how DBS treats the remisiers that are in the process of being retrenched.
Would there be an amicable settlement with DBS and with the remisiers parting company with good feelings for DBS and goodwill, and with DBS living up to its reputation as a great and responsible company, a good business partner and a good employer?
2/28/2019
Why need two ministers in one ministry?
'Singapore has a strange system. PM Lee appoints two minister to run one ministry and one minister to run two ministries.
For example, Josephine Teo is minister for manpower and second minister of home affairs. Lawrence Wong is minister for national development and second minister for finance.
Why is there a need to have this system?'
Tan Kin Lian posted an article in TRE with the above comments and asking why the need for such a system. Singapore being such a small country, the obvious observation is that the job is too small for a minister, not two plus ministers of states and parliamentary secretaries to make it full house.
Let me try to answer Tan Kin Lian so that he can sleep in peace.
One possible reason, contrary to what I said above, the job is soooo BIG, so naturally you would need two ministers to handle it. On the contrary, the job of a minister may be so senang, so got a lot of spare time to take on more jobs, like minister of another ministry.
Another reason, the ministers are incompetent, so need two to do the job of one to help each other out.
Third possible reason, too many people need to be paid in the millions, so must become ministers and to make it like they work really hard, have appointments in two ministries, to justify the millions being paid. Maybe on this they should emphasis that instead of working 8 hours they worked 16 hours or double of what a minister normally does because now they have two jobs, two minister's jobs, not ordinary jobs.
Another possible reason, it makes going on leave easier since there is another one around to cover the duty.
Maybe they are being prudent, in case, just in case. Being a minister is a high risk job, can fall down during walkabout and get hurt. Or they are just playing it safe in case one cannot perform then the second minister can take over.
Apologies, that is all I could think of. I do not know why they need to have two ministers in a ministry.
What do you think?
For example, Josephine Teo is minister for manpower and second minister of home affairs. Lawrence Wong is minister for national development and second minister for finance.
Why is there a need to have this system?'
Tan Kin Lian posted an article in TRE with the above comments and asking why the need for such a system. Singapore being such a small country, the obvious observation is that the job is too small for a minister, not two plus ministers of states and parliamentary secretaries to make it full house.
Let me try to answer Tan Kin Lian so that he can sleep in peace.
One possible reason, contrary to what I said above, the job is soooo BIG, so naturally you would need two ministers to handle it. On the contrary, the job of a minister may be so senang, so got a lot of spare time to take on more jobs, like minister of another ministry.
Another reason, the ministers are incompetent, so need two to do the job of one to help each other out.
Third possible reason, too many people need to be paid in the millions, so must become ministers and to make it like they work really hard, have appointments in two ministries, to justify the millions being paid. Maybe on this they should emphasis that instead of working 8 hours they worked 16 hours or double of what a minister normally does because now they have two jobs, two minister's jobs, not ordinary jobs.
Another possible reason, it makes going on leave easier since there is another one around to cover the duty.
Maybe they are being prudent, in case, just in case. Being a minister is a high risk job, can fall down during walkabout and get hurt. Or they are just playing it safe in case one cannot perform then the second minister can take over.
Apologies, that is all I could think of. I do not know why they need to have two ministers in a ministry.
What do you think?
2/27/2019
The death and rebirth of UMNO
UMNO suffered a shocking and humiliating defeat in the 2018 GE for its decades of extremist policies against the minority races, basking on the agenda of Malay superiority and self indulgence in the wealth of the country with corruption of every kind to benefit the UMNO leaders. It is a credit to UMNO to have ruled Malaysia in such an abusive way for so long without being challenged until 2018. Even on the eve of the GE, they continued to believe in their racist cards to rule Malaysia with the support of the Malays. This turned very ugly when the results were out. UMNO was badly defeated.
The death bell of UMNO is vibrating throughout Malaysia. UMNO leaders too seen this as the end and many switched camp or turned away from UMNO. It was the end. The bankrupt political ideas of UMNO's racist policies could not go on forever. There is no way for UMNO but to become history.
Who would expect UMNO to return to power again? At best it would remain a strong but irrelevant and antiquated opposition party with no new ideas to make Malaysia a better and richer nation. But the latest development in Malaysia is giving hope for a new UMNO in different guise, but still every inch UMNO.
The key player of UMNO, for having been in power for so long is none other than Mahathir. Mahathir returned to power by winning only 13 seats in his newly formed Bersatu Party. It is unbelieveable and near possible to ride on such a small party to power, to become PM once again. He did. How is this related to the death and revival of UMNO?
The lost sheep of UMNO has no where else to go but flocked to the old shepherd that once led them, in Mahathir. 7 UMNO members have just joined the fold of Bersatu in Pakatan Harapan. This is the opening of the flood gate. Other UMNO members may quickly join the flow and there are about 70 of them still kicking and walking and waiting to come in. If 40 or more of the UMNO furniture decided to join Mahathir, his Bersatu would have more than 60 MPs against PKR's 47 and DAP's 42. All it needs is for a few of PKR's to switch camp and a new majority UMNO would be reborn in the name of Bersatu, the same personalities, the same policies, the same thinking, the same agenda as the dysfunctional UMNO.
When this happens, UMNO will rise again to be the ruling party of Malaysia, and history will restart a new cycle from square one. Nothing will change except in name. Mahathir still in charge, his old thinking and mindset and policies, and the whole jin gang from UMNO tagging along.
UMNO died and revives.
Long live UMNO aka Bersatu. Long live Bumiputras. Long live Ketuanan Melayu.
The death bell of UMNO is vibrating throughout Malaysia. UMNO leaders too seen this as the end and many switched camp or turned away from UMNO. It was the end. The bankrupt political ideas of UMNO's racist policies could not go on forever. There is no way for UMNO but to become history.
Who would expect UMNO to return to power again? At best it would remain a strong but irrelevant and antiquated opposition party with no new ideas to make Malaysia a better and richer nation. But the latest development in Malaysia is giving hope for a new UMNO in different guise, but still every inch UMNO.
The key player of UMNO, for having been in power for so long is none other than Mahathir. Mahathir returned to power by winning only 13 seats in his newly formed Bersatu Party. It is unbelieveable and near possible to ride on such a small party to power, to become PM once again. He did. How is this related to the death and revival of UMNO?
The lost sheep of UMNO has no where else to go but flocked to the old shepherd that once led them, in Mahathir. 7 UMNO members have just joined the fold of Bersatu in Pakatan Harapan. This is the opening of the flood gate. Other UMNO members may quickly join the flow and there are about 70 of them still kicking and walking and waiting to come in. If 40 or more of the UMNO furniture decided to join Mahathir, his Bersatu would have more than 60 MPs against PKR's 47 and DAP's 42. All it needs is for a few of PKR's to switch camp and a new majority UMNO would be reborn in the name of Bersatu, the same personalities, the same policies, the same thinking, the same agenda as the dysfunctional UMNO.
When this happens, UMNO will rise again to be the ruling party of Malaysia, and history will restart a new cycle from square one. Nothing will change except in name. Mahathir still in charge, his old thinking and mindset and policies, and the whole jin gang from UMNO tagging along.
UMNO died and revives.
Long live UMNO aka Bersatu. Long live Bumiputras. Long live Ketuanan Melayu.
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Totally opposite is happening with this present gov.
http://theindependent.sg/lee-kuan-yew-wrote-the-only-answer-against-a-bad-government-that-refuses-to-be-voted-out-of-office-is-armed-revolution-in-1969-letter-to-veteran-architect/
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I HAVE COMPELLING APPREHENSION THAT THE PUBLIC MINDS quite justifiably, THINK CPF SCHEME IS A FRAUD. And this is not far from law and reality. Both in statutory and common law applications, there is NO SUCH A THING AS TRUSTEESHIP TO MORTALITY. You might as well tells us that your money is confiscated for undisclosed needs elsewhere (a secret of national interest confidentiality again or it is not in our interest to tell you???) bullsh*t.
If the contrary is true, then fund management is the most lucrative business. Anyone with a licence to operate investment banking can solicit for public money, and once in the receipt of possession, then change the rule that investors CANNOT SELL OUT AND WITHDRAW THEIR MONEY until mortality hits. The offending investment bank as a legal entity exists in perpetuity – IT THEREFORE INHERITS PUBLIC MONEY SOLICITED AND OBTAINED IN CIRCUMSTANCES OF DECEIT AND LEGALISED FRAUD and keeps it as its own.
IS THAT LAW OR INVESTMENT BANKING OR BOTH – if it is allowed to incubate to this degree of absurdity?
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90 N BEYOND?
MEDICAL COSTS WILL KILL YOU BEFORE YOU REACH 80?
ANYWAYS,by which time,they cannot enjoy themselves in ‘BATAM’?
Most will be POPPING MEDICINE/PILLS instead of chewing a great steak?
dont be fooled by the uncaring gahmen who care only for themselves???
We trublus are all equally fuming with anger.
Like many have imagined and voiced out , i too feel something bad had gone wrong with the reserves…
..and President HY cant talk…already billued n silenced by her boss and mil$ salary.
She forgotten she took an oath.
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i say bullshits!
they just want to ensure that older sgs n others are able to PAY THEM as and when due so like THE RUNAWAY MEDICAL FEES AT GOVT HOSPITALS?
THIS GOVT IS TOTAL CRAP.
it is only worried about its gang-member$ and that is clear to all.
even our esteemed Mr Ong TC did not know how much is pap kitty even though he was the President.
from normal human behaviour, as long as someone delays in repaying us our OWN money, it is not wrong to say that someone has already spent our money and is in difficult to repay us so come out with all manner of lies BS fake news to delay returning to us our OWN money.
it is not wrong to say our OWN money has been squandered by the pap fools in gic temasick. these pap fools are proven to be spending dollars reaping cents. no need Cambridge economics degree also know CPF is kosong already.
The above are comments in a post titled, 'The betrayer of CPF members', posted in the TRE by Simon Lim.
As more and more seniors reached the ripe age of 65 and beyond, more would realise that every day is a bonus and it is pure stupidity to think that they could live for many more years and to deny them their hard earned life savings is a very cruel thing to do, and UNACCEPTABLE.
They are very angry and would throw their votes for the opposition. From the sample comments above you can feel their anger in their bones.
Temperature rising, Dad's Army furious and want their CPF money back! This is like the charge of the White Hair Brigade. Stop scheming, when they scheme you scream.