The successful conditioning of the daft Sinkie mind

Just put your ears to the ground and listen to the Sinkies talking and what they have come to accept as the truth, the realities that they have to live with, simply amazing. Aliens setting foot on this island would be so amused and aghast at the things that the Sinkies are made to believe and accept as part of their lives.

Let me just list a few of the Sinkie truths that will not be accepted in other developed countries with thinking citizens.

Sinkies are made to believe that they have the most talented Sinkies in politics and they deserved to be paid the millions or they would walk into another betterer paying job in the private sector.

Sinkies are made to believe that the only solution to corruption is to pay the public officers and appointees the millions and they will not be corrupt anymore.

Sinkies are made to believe that foreigners are more talented than Sinkies.

Sinkies are made to believe that they need foreigners to come here to create jobs for them. The truth is that we are creating all the jobs for the foreigners. Tio boh?And the best part is that the foreigners now believe that Sinkies are really daft and they are superior to Sinkies even if they come from third world countries that could not give them the jobs they have here nor pay them the salaries.

Sinkies are made to believe that their flats are affordable and worth the money they paid for. And that living in 900 sq ft flats is quality living.

Sinkies also believe that cars are unnecessary and they should not clamour for such luxuries. Taking public transport is good enough or even shiok. It is gracious living squeezing in the buses and trains packed with commuters.

Sinkies are made to believe that it is reasonable to pay $70k for a certificate to buy a car, on top of other taxes, and that it can be used only for 10 years.

Sinkies are made to believe that only the present political party can run this country and no other parties can do so. And they are so frighten of voting another party into power for fear that the country will go under.

Sinkies are made to believe that taxing the people through GST, especially the poorer ones, is to help the poorer Sinkies.

Sinkies are made to believe that the right to decide when and how much they can withdraw from their lifelong savings in the CPF is the right of the Govt. My God, the Sinkies accept this obediently.

Sinkies also believe that it is okay to increase the population to 6.9m and maybe after this number is reached, everything will be frozen and the population will remain at 6.9m.

Sinkies also believe that they have unlimited resources and land to keep growing the population.

And this one is classic. Sinkies are made to believe that the core of Sinkie population is strengthen when their number is reduced vis a vis non citizens and new citizens.

What else can one tell the Sinkies to believe? Sinkies are the chosen children of God and will be blessed forever. They are so rich that they cannot afford to retire and many are working as cleaners in their 70s and many will be bankrupt when they are admitted to a hospital.

There are many other beliefs, but just one last belief. Sinkies are made to believe that their 99 year leasehold properties will appreciate in price forever and ever.

Assault on Social Media continues

There is another article by Tessa Wong in the ST today on social media with the central theme that social media is unreliable and people are warned to read it with a big pinch of salt. And she quoted one reader thinking so after reading social media and getting more doubtful about its credibility. She continued to quote several more questionable postings in social media that were more of rumour mongering or untruths. The only instance that social media was praised was for saying the right thing, about the Yaw affair in Hougang. Here social media scored brilliantly.

Nothing was mentioned about the key role that social media has contributed on the AIM saga, the Brompton Bike saga, the hawker cleaning saga, the plight and unhappiness of the people on the influx of foreigners, plight of PMETs and job discriminations and high cost of living and the housing bubble. The contributions by the social media and independent bloggers digging for the truths, making investigations without being paid, and revealing many things that were not reported in the main media, not the right things maybe, are simply remarkable and as honest as it can be. And definitely more worthy of news reporting, more professional and important to be reported to give a balance picture of an affair.

Tessa Wong went on to talk about a survey conducted by the Institute of Policy Studies(IPS) which found ‘that on a scale of 1 to 5, where 1 is most untrustworthy and 5 is very trustworthy, the Internet received 2.82 on the average while television scored 3.55 and newspapers 3.58’.

She qualified that half of the respondents felt that there is too much govt control over the main media and that the newspapers and main media are biased in the political reporting. She further commented that ‘Such findings show that credibility is a complex creature’.

Allow me to add a few points. The main media is about a whole lot of other news other than social and political news. The social media is mainly about the latter. The second point I would like to make is that when the main media has too much govt control and is biased, how would it affect the honesty of the reports? Would too much control leading to being biased be another way of saying that the main media is not credible also, not telling the whole truth? How can a control media with the intention of reporting what it wants to report and reporting it in a biased manner be reliable and credible? You think and you find your own answer to that.

Perhaps a better comparison or survey will be to compare the reports and commentaries in social and main media on social and political issues. It is a given fact that 99.9% of non social and political news are factual and unlikely to be misleading or false. Some business and economic news could be misleading as they affect the companies and the stock market.

Also, the sample of a survey can easily be biased by the choice of the respondents and what kind of questions were being asked or cooked. This can be easily proven if I would to conduct a similar survey here on the reliability and credibility of the social media and main media just on social and political issues. I beg the findings can be shocking and contrary to what IPS found.

Shall I do it just to prove how biased even a survey can be and how biased a commentary on the credibility and reliability of social versus main media can be, as said, the issue is more complex than a survey can designed to cover the vital parts.

When the housing bubble bursts

All the signs are there that we are having a housing bubble, and a very big one. It is only a matter of when it will burst. There is no such thing as a bubble will not burst. We are not so exceptional that it will not happen. And given the high percentage of speculators and foreigners in the market, all it needs is for someone to decide to take profit and run. This will lead to more and more trying to get out before the next person and a trickle will lead to a stampede.

The point is that who will pay or suffer the most? No tears or sympathy for the speculators and the foreigners. What is undesirable is the number of young Singaporeans that will be hurt, the genuine buyers who have been pushed to grab that property fearing that they will not be able to buy it if the prices keep going up.

The fear of not being able to buy made them plunged down a few hundred thousands for a public flat or more than a million for private properties. How many will end up with negative assets and a big debt to service? But as long as they are able to service the loan, maybe in the long term things could still work out. What is troubling is that if they are unable to service the debt and are forced to sell their over priced properties at a big loss.

The high cost of living and prices of big ticket items are supported by a high income. Many of the yuppies or high living professionals are living on their salaries and the moment the salaries go, the balloon will go poop and all the nice things will become unaffordable. The house and the fine cars will have to be returned as they are still under mortgage or loans. The debt, as we all know, is just too big to stomach without a big income to service.

Things will not be pleasant. Pray the clock keeps on ticking and will not stop.

Boon Heng the right person for Chairman of Temasek

Why are there so many complains and criticisms on Boon Heng’s promotion to Chairman of Temasek Holdings? The barrage of attacks were quite uncalled for and getting a bit rowdy and rude sometimes. I want to suggest that everyone should look at the positive side of this appointment. Put it this way, Boon Heng has the breath of experience that is incomparable and unmatched by anyone or any standard. No Singaporean has the kind of experience that Boon Heng has.

From all his portfolios, I think the two most relevant appointments to his new appointment must be the NTUC Secretary General and his special assignment to find ways to look after the welfare of the oldies. He was even sent to Japan with a team of high caliber officials to learn how to improve the welfare of old Singaporeans. These two appointments are related in one area, welfare of workers and the oldies.

Let’s see what Boon Heng can do for these groups of people with the huge funds under his charge in Temasek. This is a good opportunity for him to show that he cares for the common people, the workers and the oldies. Maybe they can look forward to more and bigger hongpaos. Maybe Temasek can fund more projects or schemes to benefit the oldies. Maybe this is exactly the intent of the Govt, put him through the training, send him to Japan to learn what can be done to better the lives of the oldies and workers. And now the Govt says, ‘Here is the money, go and do what is good for the people’. Everything seems to fit in nicely.

This is called planning and development for top level management.

A snippet on the toothpick craze

Din Tai Fung is now famous for good quality service and good toothpicks on top of good food. It is instant fame and getting the best advertisement it can ever think of for free. Not bad, and thanks to Swee Say.

I received an email from a Jenny narrating her interesting experience with toothpicks in DTF. She is a regular customer at the Jurong Point and Paragon branches. She happened to be at the JEM branch one evening and strangely no toothpicks were offered. When she asked for them she was given a few pieces. On opening she found them to be wooden ones and not the famous good quality plastic ones.

On enquiry she was told that only Sentosa and Marina Bay offered the plastic ones. She knew it was not true as she had her good quality toothpicks from Jurong Point and Paragon. So she wondered why the change.

My thoughts, service outlets always take good care of their VVIPs. So they go all out to serve them. Maybe, I say maybe, in JEM and other branches they normally offer wooden ones but would still produce the good quality plastic toothpicks when VVIPs are around. There was this story that if one is important enough, one always get special treatment out of deference or respect or goodwill. When someone gets one egg in a plate of char kway teow, a VVIP may get two or three eggs. This is a truism and a very natural thing. Nothing mischievous about this.

So in the case of a normal customer, one may get wooden toothpicks or maybe a few pieces, while the VVIP like Swee Say could be served a box of good quality toothpicks out of respect and deference, and because he is a minister after all. There is nothing wrong with such treatments. Life is never fair.

There could be another reason for the wooden toothpicks. Now every customer are so impressed with the good quality toothpicks, many would be tempted to take half a box after dinner. That would not only add to the cost, the toothpicks would run out of stock very fast.

Now other than fancy toys, Sinkies have another fad, collecting good quality toothpicks for free. Don’t be surprise there will be overnight queues outside DTF soon.

Ministers and their ministries and their pay

A title like that will simply make what I want to talk about quite obvious. Our ministers are the highest paid in the world. Our ministers are even paid many times more than Obama. I don’t think anyone will want to dispute this with me. Please don’t tell me about Obama’s Air Force One and all his other perks like he can collect millions going on a lecture circuit. I am just taking a simple comparison of pay, basic or gross.

Why we pay our ministers such a big salary? We have been told that they are super talents. If the govt does not pay them well, the private sector will grab them and pay them more. Good point. We are also told that they should be paid market rate pay. We are also told that they should not be underpaid and be tempted to risk corruption. The pay is to help them not to corrupt.

So all our ministers are paid very well, with portfolio or without portfolio, with ministry or without ministry, with big ministry and with small ministry.

The question is, should the ministers be paid the same just because they are ministers? Maybe it is a bit complex to break down their jobs and responsibilities. So I think it is fair that every minister running a ministry should be paid the same salary. We are here talking about a ministry of people and responsibilities and big money at stake.

What about ministers without portfolio? I think this is an exception in the case of the Secretary General of the Trade Union. It is a big portfolio and a lot of things to take care of and the breath of responsibilities are pretty big.

What about ministers in the Prime Minister’s office? Should they also be paid the same salary as a minister running a ministry and has a big and complex portfolio to look after? A minister in the PMO does not run a ministry. How big is his or her portfolio and area of responsibility that the salary should be the same as a normal minister?

You ask me?

Makan dalam toilet Chapter 2

I have been attacked by some bloggers accusing me of rumour mongering and to create racial religious hatred despite the fact that I just mentioned an incident without making any reference to names or schools or country. It was a bad act of faith and not a pleasant thing to make children eat inside a toilet that some called a dressing room. There were 3 cubicles in the photograph. And the full news was carried in the main media. So shouldn’t the main media be accused of flaming racial and religious hatred as well?

Apparently some investigations have been conducted by the Malaysian Education Ministry and found that the practice was unacceptable and the principal, in all decency, has apologized. Who are the racists that are flaming this issue as a racial and religious provocation? I mentioned the word religion as the media reported that this incident happened because of Ramadan and the muslims were fasting. Not I say one ok.

The official explanation is that this thing happened since March. And the school was being helpful and considerate to provide the students with a safer place to eat while the canteen is under renovation. The school has an over capacity of 1,300 students instead of 600. So the students were allowed to eat in the toilet, or is it changing room? Just a question, how big is this toilet/changing room that can replace a canteen for 600/1,300 children?

It was also stated that the Parent Teacher Association was aware of this arrangement. The parents are disputing this and said that if it was done in March, why would they raise it only now?

As the Ministry has stressed that ‘this is not about religion or race’ and has seen it as inappropriate and presumably a more decent place will be provided, the parents should move on. There is no need to blow this out of proportion, said Mr Kamalanathan, a Deputy Education Minister.

The positive thing about this episode is that the parties involved have accepted that it should not be condoned and have apologized without letting it developing into another racial and religious ruckus. And I hope they are moving on from here.

The Pinoys protesting at Chinese Embassies

The most powerful Asean country is taking on China head on. They are organizing protests in several countries to challenge China’s claim to the islands in the South China Seas. China has no choice but to close its embassies abroad and in the Philippines.

China should instruct Hongkong to close its embassies for safety reasons, for 3 months. And if China could persuade Taiwan to do so, then there will be no more visa applications for the Pinoys to Hongkong and Taiwan. Then there will be peace between China and the Philippines.

The most effective govt tool

Well the latest case of corruption of an Assistant Director in CPIB is another unfortunate thing to happen. There are so few of such cases happening so no one should be unduly alarmed. After all we are a very young nation and such lapses are teething problems in a young country and a young administrative service. Some are saying that perhaps such officers succumbed to temptations as they are not paid enough. The high cost of living must have affected them and resorting to corruption to get by is understandable.

But have no fear. The Govt has a very effective management tool to curb such indiscretions and wayward ways. It is called review panels. Another review panel has been set up to look into the corruption case in the CPIB. More such panels will be set up along the way to take care of such hitches whenever they arise and things will be smooth running again.

The review panel will be able to find out everything that went wrong and will come up with a list of recommendations to clean up the problems. It would be nice if review panels are formed in advance before something happens. Can save a lot of money and time and embarrassments.

What do you think?

High frequency trader fined more than $3m by regulators

BBC 22 July 2013-07-23

Financial regulators in the UK and US have fined a high frequency trader and his firm more than $3m (£1.95m) for manipulating commodities markets.

The UK's Financial Conduct Authority (FCA) fined Michael Coscia $903,176, while two US regulators levied the rest on him and his company, Panther Energy….

It is the first time the FCA has taken action against a high frequency trader.

Between 6 September 2011 and 18 October 2011, US-based Mr Coscia used algorithmic programs that he developed to create false orders for oil and gas on trading exchanges in the US and UK.

He made about $1.4m during the period using a computer program which placed and quickly cancelled trades to manipulate the price of commodities, an illegal process known as "layering" and "spoofing".

Tracey McDermott, the FCA's director of enforcement and financial crime, said: "Mr Coscia was cheating the market and other participants.

"High frequency trading and the use of algorithms are an important and commonplace part of the markets nowadays but in this case these techniques were deliberately designed to abuse the market, undermining its integrity.

"This is unacceptable, which is why we have taken tough action to punish Coscia and deprive him of any benefit he acquired."…

High frequency trading is coming under increasing scrutiny by regulators. Automated trading was blamed for exacerbating the "flash crash" on Wall Street in May 2010, when blue chips went briefly into freefall, and then recovered almost as quickly.

There have been many reports and complaints about this fraudulent trading methods and how dangerous it is other than cheating other innocent investors. The only reason that they are allowed to practise in stock markets in US and UK is because the lawmakers and regulators have been bought and paid to shut up.

Would HFT be allowed in the Singapore Stock Exchange? Are the Singapore Govt and the regulators fully briefed and understand that this kind of trading is basically cheating the ignorant and innocent investors and would not only cause them to lose their pants, it would eventually destroy the confidence of the stock market for fair play and providing a level playing field.

Would the authority and regulators approve this unfair system that could cause more damage than the Lehman Bonds and toxic notes? The risks and dangers of this trading method are all there to see. Anyone who chooses to ignore them must ultimately be responsible for the damages and fallout when big damages are inflicted on the investors and the stock market. The people who authorise and approve HFT cannot plead ignorance and must be fully held accountable and responsible for full consequences of this decision. The Govt would have to share a big part of the blame.

Everyone has been warned and there is all the time to stop HFT from entering the trading system. Would there be anyone responsible enough to pull the plug and put a stop to this self inflicted impending carnage?

Prudence man!

Sinkies are now advised to be prudent and not to buy too many over priced properties. Would anyone want to advise Sinkies not to be warded in expensive hospital wards that they cannot afford to pay or would empty their little savings in their Medisave accounts? Would anyone want to tell Sinkies to buy flats that are within their means or even smaller so that they have more money left? Cannot? Why cannot? Oh, because the law says you must buy big flats if you have more money or stay in more expensive wards. But I want to be prudent can or not?

This is the kind of logic is like head I win tail you lose. Who is best in using such logic to con the daft Sinkies of their money by forcing them to spend more than they should and then cry, be prudent, be prudent?

Colin Tan, the property expert from Chesterton, said that this call for prudence is a few years too late when the prices are already so high and many Sinkies have already invested.

I think all the calls for prudence is unnecessary. The property prices will continue to go up and all the Sinkies and foreign investors will stand to make a lot of profit before 2030. They will be more foreigners coming here and need to buy a place to stay. And they will be a lot of hot money to be parked here in this absolutely safe financial centre and low tax haven.

And if not enough is coming in, just relax the immigration laws and they will all be flooding in. No need to be prudent. Go, grab whatever properties available out there. The population is going to 6.9m and you know how many more properties are needed. The present available properties will simply be not enough.

Makan dalam toilet!

Who in his right mind would make children eat their lunch inside a toilet? This is a clear sign of primitive traits and the kinds of hellish things such people are capable of doing if in authority. And whoever decided that children should eat in the toilet should be punished as well.

And there was a case in Dubai, I think, of an European woman who was raped by the locals. She made a police report of the rape. You know what? Instead of going after the rapists, the police arrested and jailed her for having illegal sex.

How can you respect this kind of law and people?

The lesser I said of such vile acts the better. Thank God we don’t do this to our minorities.

Champerty is now legal and acceptable (Correction, my mistake)

The latest ruling in the High Courts by the Chief Justice Sundaresh Menon and Judges of Appeal Chao Hick Tin and Andrew Phang on Champerty is most welcomed by the people and the legal fraternity. The practice of allowing lawyers to be paid only on winning a case was illegal in the past but due to the overriding circumstances of extremely forbidding legal fees this has to change. Otherwise many people who cannot afford the high legal fees will be robbed of justice in our world class legal system. It then would be like only the rich can buy justice and the poor will be robbed of justice, punished by injustice.

There are other issues for making this practice illegal in the past such as lawyers demanding excessive payouts and leading to conflicts of interest, or frivolous litigation. The latter, frivolous litigation, is now the hobby of the rich, knowing that they can threaten the poor with Sue and the poor would have to say sorry even if not guilty, no money to pay for legal fees. Such concerns can always be taken care of in modernity when the clients can seek redress should they think they have been cheated. The legal system, the legal profession, must make provisions for unhappy clients to have an avenue for mediation and conciliation when there is a dispute with the mighty legal professionals on legal fees. There must be transparency, honesty and integrity in the legal profession if this change is to work.

The change will now make justice available to all, including those who cannot afford the legal fees. Maybe the fees can be worked into a case on a contractual basis and open to scrutiny and investigation by the legal profession and the courts. This may make things more transparent and equitable and not be subject to abuse and discriminatory practices of foul lawyers.

This is definitely a good thing and the rich and powerful are less likely to take advantage of the poor and weak now.

PS. My apologies. I thought I read the paper yesterday saying that this was a big change in our legal system. I re read and see this statement, '

“We wish to emphasize that until and unless there is a change in the law, lawyers who enter into champertous agreements can expect to face at least a substantial period of suspension,” Chief Justice Sundaresh Menon wrote in the court’s 45-page decision, “and depending on the factual matrix this period could well exceed the present imposition of six months.”



Read more: http://www.law.com/jsp/law/international/LawArticleIntl.jsp?id=1202611925480&Singapores_Top_Court_Suspends_Lawyer_for_Champerty#ixzz2ZvN189oV

Hong Kong Brokers Drive Cabs as Competition Forces Locals Out

By Eleni Himaras and Stephanie Tong

July 22 (Bloomberg) -- Hong Kong, Asia’s second-biggest stock market, may see 25 percent of its local brokerages close as trading and fees plunge, and competition from banks intensifies, a securities association said.

The number of local broking firms may decline to 300 from about 400 in the next five years, Mofiz Chan, a spokesman of the Hong Kong Securities & Futures Professionals Association, said in a telephone interview.

“There are many people taking part-time jobs or completely moving out of the industry,” Chan said. “Many of our members have needed to shift into other jobs such as security, taxi drivers or tutors for primary school students.”

Fees have dropped since bourse operator Hong Kong Exchanges & Clearing Ltd. in 2003 removed a brokerage commission floor of 0.25 percent of the value of transactions, squeezing profits for brokers as mainland Chinese rivals expand operations. The competition has claimed foreign equity traders, with South Korea’s Mirae Asset Securities Co. and Japan’s Daiwa Securities Group Inc., among brokerages that have cut jobs.

Eleven brokerages have ceased trading this year, according to filings posted on the website of the Hong Kong stock exchange. King Fook Securities Co., established in 1971, said it will close at the end of this month.
“King Fook Securities was one of the founding members of the stock exchange before it became listed,” parent King Fook Holdings Ltd. said in an e-mailed reply to questions. “We’ve been seeking to keep operating despite booking losses. High rentals and labour costs, together with the fact that banks are offering zero commission have made it difficult for us to survive.”...

The above is part of a Bloomberg article on the pathetic state of the stockbroking industry. And the Hongkong Govt is not thinking that this is bad and is not doing anything about it. The crippled stockbroking industry is already limping and now the unfair competition by the banks, using their strategic advantage to offer no commission for trading is allowed to go on. Where is the anti unfair competition authority in Hongkong to stop such hideous and unfair practices? For the benefits of a few big funds, and the bottomline of the Exchange, the authorities and regulators are willing to allow them to dictate how the stockbroking system should operate and leading to its eventual collapse.

None of these jokers bothers to look ahead and ask what would happen if the stockbroking industry goes kaput? A dead or critically ill stockbroking industry will severely affect the whole banking and finance industry and other related industries and many jobs.

The Singapore stockbroking industry is having a mirror image of its counterpart in Hongkong. And it is likely and highly probable that the Singapore industry will turn turtle ahead of Hongkong. Singapore is much smaller and there are fewer broking houses and fewer remisiers in the industry. And many are barely making enough for their pocket money.

Maybe it is already a known fact that the stockbroking industry is dying and there is nothing worth saving this industry. Let it be, let it die. Can Hongkong and Singapore still be financial centres with sick or non existence stock markets? Is the stock market a vital pillar to the whole financial set up or unnecessary and as long as the banks prosper, there is no need for stock markets?

India to call on millions of non-residents to defend rupee

By Manoj Kumar

NEW DELHI
Mon Jul 22,
(Reuters) - India is considering calling on its millions of non-resident citizens to help reverse a record slide in the rupee and does not favour the idea of a global sovereign bond at this time, senior government officials told Reuters on Monday.

However, the government strongly denied having ruled out a sovereign bond issue and said in a statement that "all options are on the table".

The officials, who spoke earlier on condition of anonymity, said India was running out of options and time to revive the currency and fund a record current account deficit but equally policymakers were wary of sending any distress signals to international markets.

Issuing a global bond might send such a signal, so instead policymakers will focus on attracting funds from Indians living abroad, such as by raising deposit rates in India or issuing bonds specifically designed for them - repeating measures carried out in 1998 and 2000 to steady a weak rupee.

The officials declined to be identified because of the sensitivity of discussing government deliberations. They were not immediately reachable for further comment….

India has the second-largest diaspora in the world, with a community estimated at more than 25 million, the Ministry of Overseas Indian Affairs says….



The Indian Govt is desperate to defend the weakening rupee and is expecting some help from the Indian diaspora around the world. One key factor that is leading the Indian Govt to this crisis is the lack of finance talents in India. Practically all their banking and finance talents are in the US and Europe and of course in Singapore. This is a costly brain drain, depleting whatever talents India has. It is now paying a price for losing its own talents who are out there helping the countries around the world to manage their finance and bankings.

How many of these finance talents are going to return to India to give a helping hand? Throwing some money back is not going to do much good. What India really needs is to bring back some of these top talents to save the country.

Singapore is so fortunate to benefit from India’s despair. We are taking too many of India’s talents to help us grow into the First World. Singaporeans should be very grateful for this and maybe Singapore should reciprocate in some ways to help India. Maybe we can loan some of the ex Indian Singaporean finance experts to get India over this crisis. For a start, a true blue Singaporean, the recently retired Dhanabalan, can be loan to the Indian Govt as Special Economic and Finance Adviser Emeritus.

My rejected letter from ST Forum

“From recent media reports on the AHPETC dispute, it is still not possible to make a judgement on the integrity, or otherwise, of the parties involved.

Can the Government detail the incontrovertible evidence, step by step, to support their position. Can the WP do likewise.

The parties to the dispute are not accountable to the other but to the citizens of Singapore. So, just present the evidence (with explanations as needed but no judgements) so that Singaporeans can judge for themselves on one or more of the outcomes below.

1) The incontrovertible evidence on dishonesty are what they are stated to be.

2) There is room for misunderstanding in the dispute.

3) The crux of dispute boils down to “A said this” and “B said that” without each being able to prove the other wrong.”

Hwang Teng Aun

The above letter by Hwang Teng Aun was posted in TRE. He said ‘It was not published even though two letters on the matter, more demanding of the WP, were published in Forum page later that week.’ This is likely to be the trend when letters sent to the main media were not published and they would then turn to the social media as the alternative source. If more of such cases keep happening, soon it will become habitual for forumers to just go to social media to be sure that their letters are posted.

Is this undesirable, bad, not right?

Sinkies lack humour

Lim Swee Say is perhaps the most engaging and down to earth minister in the cabinet. He always tries to put across his points in a light hearted manner, funny, humorous and effective. Given his academic brilliance, he could easily speak sikit atas, using all the flowery and bombastic words that he is more than capable of. But he tries very hard to be like the people, speaks the people’s lingo, shares their little fancies and distractions in life.

Unfortunately his attempts to connect with the people, his role as the union chief makes this even more important, to be able to relate to the people, is somehow not appreciated and misunderstood.

There is a post in TRE about Swee Say’s regular visits to Din Tai Fung, the famous Michellin class restaurant, and how he appreciates the little good things in life, just like the common people. He explained why he liked the good quality toothpicks of the restaurant and used to take half a pack back for his personal use. He explained that the toothpicks were of very fine quality and well designed. Swee Say could be boasting about how he ordered the most expensive items that money can buy, as he has a lot I am sure. But that would make him look snobbish and would not go down well with the proletariat, the workers he works with.

Instead, he talks about taking half a pack of toothpicks which the ordinary people like all of us are used to doing. It is the personal touch that he is like one of us. But from the nearly 100 comments it seems again his nice gesture is frown upon. Practically everyone is criticizing him as if he has done something wrong. Some even want to buy him toothpicks as if he cannot afford it. Come, come, Swee Say can buy enough toothpicks to go around the world a million times.

Where is your sense of humour, Sinkies? Enjoy and share the fun and jokes of the minister. He is trying very hard to connect and the people just do not appreciate his effort. Smile when he cracks his next joke and you could be rewarded with more jokes from him. Don’t take life so seriously. Politics is not just about power. Politics can also be fun.

Did anyone get Swee Say’s message? Good service is in the details.

The uncanny timing to perfection

Many of you who need to switch trains at the Jurong East terminal must have noticed this. Just as the train you were in was coming to a stop at the station you must have felt so glad that there was another train waiting on the other line to continue your journey. Perfect timing. Such efficiency must be acknowledged as it makes train connection so smooth and pleasant for the commuters.

Then the annoying and dastard thing will happen. As the doors of your train opened, the doors of the waiting train would close. For those commuters who dashed across the platform they would only see the train moving away, leaving them behind to wait for the next train. Perfect timing every time.

The good thing now is that with the free trips in the morning, this is now a thing of the past. The whole platform would be so crowded that it would take three or more trains before one could hop on to the train. The agony of seeing an empty train moving away when you alighted is replaced by the agony of a full platform of commuters and more waiting time.

There is another uncanny perfect timing incident that happened recently arising from the haze problem. The City was covered by haze for about a week and getting hold of a face mask was top priority. We got our face masks with compliments from the thoughtful company. And an interesting remark was made at that very moment. ‘The haze is going away.’ The issue of the mask was the sign that it would not be needed any more, just like when we were issued with a personal thermometer during the SARS crisis. After receiving the thermometer, the crisis subsided.

I think many people got their face masks just in time for the haze to go away. I am sure the 200,000 who got their face masks free too did not have the privilege to put them on. The sky is clear the next day!

Uncanny perfect timing ya. Lesson learnt. If they want a crisis to go away, do the necessary, like issuing the masks quickly, and the crisis will go away as it will always do. And the reason why the dengue problem is not going away is that they have not issue insect repellant to every household.

From irrational exuberance to irrational despair

The downgrading of local banks by Moody’s has elicited a strong rebuttal from MAS. MAS disagrees with the conclusion and offers a list of reasons to support its position. Our banks are financially sound with good asset backings and strong capital reserves. We also have strong regulations that are above what others are doing. The banks are regularly put under stress tests to ensure that they can hold their grounds when a financial crisis struck. So far the stress tests are showing good results.

As for the exposure to the high property prices and debt ratio, the Govt has implemented 8 measures to prevent a bubble forming. So there is no fear of a bubble bursting as there is no bubble at all. This part everyone must believe. All in, our banking and financial systems are rock solid. Would a huge pull out of funds affect our financial market? The answer is likely to be no even though the whole financial market is linked up to the whole world and when one market is affected the dominoe effect will bring the rest along.

I believe the arguments of the MAS are very sound and the people need not fear about what is going to happen to the world financial system and the contagion effect. But there is one possibility that we should not over look. A false and vicious domestic rumour may create a climate of irrational fear and lead to panic selling of assets. If that happens, it could be like a run on the banks and the result can be equally disastrous. The interconnectivity of today’s world has changed the dynamics of the financial markets. And the big funds and hedge funds will be there to do the damage and to profit from the stampede. We have seen how a single piece of news anywhere in the world can be used to push up the stock market or to crash a market.

Beware of the compounded effect of irrational fear, panic and the bull dozing of big funds to wreck the financial system irrespective of how solid it appears to be, or truly solid as a rock. Remember, we are just a little red dot in a stormy sea.

Vivian’s air tight case on honesty and integrity

The hawker centre cleaning issue just refuses to go away. It is quite bizarre that a small administrative misunderstanding could end up as an issue of honesty and integrity in Parliament. With all the information now on the table, I believe the issue is now pretty clear to even the Ah Peks and Ah Mahs in the market place. Let me try to summarise the case and where it is at the moment.

5 parties were involved, the NEA, Town Council and the non existent Hawker’s Association. I hope I got it right that there was no hawker association in the first place or just an informal one. Correct me if I am wrong. The hawkers in the market are not new. They have been operating there for many years and know exactly whether they should or should not pay for the scaffolding. The Town Council may be a bit new and could be expected to be raw or unfamiliar with some of the administrative stuff. But they are expected to know what they can make the hawkers pay and what they cannot. They would not dare to ask the hawkers for payment if they are not supposed to do so. This is a public matter and not something that can be hidden away. They can’t cheat the hawkers. The hawkers and the staff in the Town Council know what is happening. If they are asking for payment, it is likely be an honest mistake. There are things called honest mistakes right? The WP is denying that they did.

As for the NEA, lagi simple. They are the authority and administrator of market maintenance and Town Council matters. They must be very clear as to what the Town Council can collect and what cannot. A young executive from NEA could tell the parties in disagreement clearly who should pay for what. NEA could easily nip this misunderstanding in the bud.

It is strange and highly unsatisfactory that this little administrative misunderstanding could end up in Parliament and becomes an issue of honesty and integrity. And I believe Vivian Balakrishnan must have been convinced that he had an air tight case to prove that the WP MPs had to answer on issues of honesty and integrity. In the Parliamentary debate you could see how confident and assured he was in lecturing the WP MPs and in patronizing Low Thia Khiang to investigate his party members. And for Hsien Loong to openly state that he and his cabinet supported Vivian’s stand, it must mean that he and his cabinet too were convinced that it was a good and unquestionable case to push in Parliament. In a way Hsien Loong is putting his credibility behind Vivian’s charge.

The latest development is the revelation that two key personnel in the dispute are PAP members. This disclosure would create some doubts as to whether this is strictly an issue involving the hawkers and the Town Council or between the WP and PAP. The lawyers will use this to cast doubts into the case.

The next unfortunate things are the notes of the NEA officer and the dossier of Vivian. Apparently the NEA notes were referring to Spring cleaning and Vivian’s dossier was referring to Annual cleaning. Low Thia Khiang’s final statement in Parliament was about a misunderstanding between these two events. The Town Council thinks that it was Spring cleaning and the hawkers would have to pay for the additional scaffolding. They will not charge for Annual cleaning which they have planned for the year end.

Now, is the NEA officer clear that this is an issue of Spring cleaning? If so, why is the dossier of Vivian saying that it is Annual Cleaning? How did the word ‘Annual’ gets into Vivian’s dossier but not in NEA’s notes?

Would Low Thia Khiang stick to his position and regard this little discrepancy also as a misunderstanding and say move on, let the people be the judge? Or would he now go to Parliament with another air tight case that Vivian now has a case to answer on honesty and integrity when the NEA notes and his dossier are concerned? Would Low patronize Vivian and ask him to do an investigation into the matter to clear himself of the same accusation hurled at him?

Whose honesty and integrity are now in question?

Obama saddened by the verdict on Trayvon’s killing

Obama, the President of the USA, has spoken on this tragic killing of a black boy called Martin Trayvon. The unarmed 17 year old boy was shot dead by a burly white man armed with a gun and claiming self defence. Many white supremacists and their sympathetisers did not see anything wrong with that. And a jury of 6 with only one black woman in it gave a verdict that Zimmerman, the killer, should go free.

The black Americans are in shock. Together with the rest of the Americans, including many whites, they are up in protest. More than 100 cities staged protest rallies against this clearly unjust and racist verdict. Obama had no choice but to say his piece.

He related his own personal experience as a black man and how he was also the victims of racial profiling. What is this silly term called racial profiling? The White Americans tried to go around it and avoid saying bluntly that it is racism against the black Americans. Obama said most black Americans had such bad experience. And the boy Martin could be him. Obama could be killed in the same way.

In his Presidential address on the racial discrimination by the White Americans against the coloured people especially black Americans, he minced his words by carefully saying how disgusted he felt politely. He asked the Americans, the white Americans, to go do some soul searching on how they are still discriminating against the blacks in their racist ways.

Many silly Asians are still saying that this is a lie. The white Americans cannot be racist and the black boy deserved to be killed as he is black and according to racial profiling he is dangerous.
Where is JayF?

Singaporeans should stop uttering the phrase foreign talents

For so many years, the Sinkies have been conditioned to look at foreigners as talents and the Sinkies as daft. In reality, the foreigners have also gone through similar education systems in their respective countries as the Sinkies going through our own system. And many of the foreigners actually went through a poorer and less well equipped education system compares to the Sinkie system, which on paper is ranked among the world best. How did Sinkies become non talents when rubbish becomes more talented?

Why is a Sinkie with the same degree or degrees, be it a first degree or post graduate degree be non talent while a foreigner with the same degree/degrees becomes a talent? Why is a Sinkie with the same number of years of working experience be less able than a foreigner with the same number of years of experience? Why is a foreigner with lower qualifications, less distinguished qualifications, lesser number of years of experience be deemed better than a Sinkie and made to be heads of depts and institutions and the Sinkies be left in the cupboard?

Sinkies must take pride in themselves as the real talents. It must be. The Sinkies are schooled in one of the finest education system, one of the most expensive, and have proven their abilities to build a country from the Third World to the First World. In the case of the foreigners, many are schooled in ill equipped education system with poor facilities and inadequate teaching staff, in unranked universities, and came from Third world countries that they failed to turn them into First World, how on earth that they are now better talents than Sinkies, to help Sinkies, to create jobs for Sinkies when they could not help their own countries, could not find jobs in their own countries?

Who are the silly ones who are calling these Third World products as talents and rubbishing Sinkies as not talents, helpless, useless and daft?

All Singaporeans, especially the new media, the netizens, should henceforth refrain from the use of the phrase foreign talents or FTs. There are foreign talents but there are very few and only very exceptional ones. The more Singaporeans keep calling these foreigners as talents, the more Singaporeans unconsciously start to believe that they are when they are not and start to believe themselves as unworthy. Any Singaporean that spouts this phrase should be seen as betraying Singaporeans and deriding Singaporeans and should not deserve to be respected by Singaporeans, be they politicians or otherwise. Only real talents are deserving to be called talents.

Let’s do it together to say the right thing that favours Singaporeans and not the right thing that abuses and belittles Singaporeans. Let’s stop the crap that the lesser number of Singaporeans in the island is to strengthen the Singaporean core. It is a lie. The Singaporean core cannot be strengthened by having more foreigners to take over the rightful place of Singaporeans as citizens and in job opportunities.

Foreigners should just be referred to as foreigners, foreign workers, foreign white collar workers or at most foreign PMETs, ie foreign ‘pampered, mediocre, expensive thrash’.

Where is ownership of omission, negligent or fraud?

When the Subprime crisis and the American financial crisis hit, no one was found guilty of any crime or mistake or fraud. They only one punished was the institutions that were fined. This ultimately means that the main street, the minority shareholders had to pay for the crimes of the management.

When the Lehman bonds and toxic notes hit Singapore, something very similar happened. Only a few out of luck jokers down the line were dismissed to take the blame. The top management that allowed the farce and fraud to do damage to the investors continued to enjoy their big fat bonuses and pay. Whose money ultimately went to pay for the fines of these banks?

The NTUC’s My First Skool was issued with a warning and its licence shortened to 6 months pending probation. No one in management was held responsible. The teacher that committed the abuse was sacked and pending prosecution. If the Skool is closed, who suffers?

Think Mas Selamat and think the HDB fiasco. Think the state of health of the SMRT. Think the Sovereign Wealth Fund. Where is responsibility and where is accountability?

Black and White Matrix seriesAfrica

Africa

Tribal Dance

Party

Three black and white pieces of rar art of the Matrix series.

Beware of anonymous bloggers and websites

This is the main topic of discussion in the ST forum page on Saturday 20 Jul. Do not trust bloggers that post as anonymous, or blogs that are owned by anonymous owners. In other words trust only those you know who is behind the blogs or when the identity of the owner is known. Would this also apply to articles in the main media when the name of the writer is not stated, like from the Editor, from the PMO, from the Ministry of Dounce?  Some may not even say that it is from the editor.

Superficially it may sound true that an article or blog with the owner identified is likely to be more composed and less capricious in what is being posted. Then again, there are many blogs with owners living in no man’s land and letting everything flies, right or wrong, truths or untruths, blasphemy, defamation, scandals, anything goes. And on the other hand there are many very serious bloggers blogging under anonymity and making very good sense. Even using a nick is posting in anonymity if no one knows who is behind that nick.

I used to pose as redbean without identifying myself until I signed up as a writer with Asian Correspondents. I do not see any difference in what I posted then and now. The style and content are still the same. What I am trying to say is that it is the person and his intent and not whether the person is posting in his real self or incognito.

Another forumer in the ST forum by the name of Tan Ying San also warned of websites run by anonymous owners. Then he quoted, “there have been reports of foreign agencies setting up websites to promote certain causes and regularly editing entries in Wikipedia to favour certain viewpoints (CIA, Vatican and Howard’s office ‘edited Wikipedia’”. He went on to say that ‘Many less discerning Singaporeans believe whole articles on such websites simply because parts of them are true and the message resonates with them. They forget the best liars do not lie completely.’

Tan Ying San has an important point here. Many undiscerning readers are unwitting made to believe what they read, sometimes over an article, sometimes over a long period of time reading a certain viewpoint. A very good example is the anger and hatred for countries the Americans have painted as bad or evil, like North Korea, Iran, Myanmar, China, Russia and a whole lot of others. People are just reading the American slanted views from American and western media source, NYT, Washington Post, Guardian or Reuters, AP, Agencies, Fox, CNN etc etc and will eventually think like them without realising it. That is why China and North Korea are so hated by unthinking Sinkies till today. The mentioned of North Korea will send the blood pressure up as if they are enemies of Singapore and are about to launch a nuclear strike on the island. Daft can be acquired or programmed by others with the victim unknowing or did not understand what is happening.

It is thus very important to know the source of the information, who wrote it and what is his agenda and motive. Know the author or owners of blogs and websites helps and is better than not knowing who is behind them. The important thing is to be discriminating and thinking and questioning and don’t be a literate fool, being fooled all your life without knowing it. North Koreans bad, Americans good. North Koreans killer, Americans not killers. North Koreans for war, Americans for peace. You have been programmed and conned.

How many of you trust the main media or information coming from the govts or official sources?

More cases of teachers abusing children exposed

A primary 6 boy was allegedly pinned on a school desk by his neck. This was done by his teacher.The incident happened on Tuesday, July 2 at about 10am in an elite school in the east of Singapore.

He had gone for classes late as he was not feeling well, and his mother was shocked to see his teacher chase him into the classroom. She claims she saw the teacher pinning her son on a desk by his neck.
Tay Weiming's father, 63, and his mother made a police report, complained to the Ministry of Education and also alerted Lianhe Wanbao.

There was another case reported in Stomp I think, of a primary school boy being made to stand in a corner for 3 hours without food, drink or break to go to the toilet and with a paper bag on his head. Punishing a child for bad behaviour is acceptable but it must be reasonable and should not go over the limit especially for primary school children. Forbidding a child to go to the toilet, without food or water is cruel, wicked and inhuman. Unacceptable for adults to dish such punishment to children unless these adults are from some primitive tribes that have yet to be civilised.

Harsh punishment, roughing up children, yelling at young children, and handling them in a threatening manner not only frighten them, they instilled fear in them. What the shit are these adults thinking, that they can harass young children without harming them emotionally and psychologically? My impression is that these are not only insecure adults but likely to be mentally sick or just unfit to take care of children.

This is only the tip of the iceberg, a few cases that were reported after the My First Skool case was exposed. Today another mentally sick teacher abused a 5 year old girl by making her standing naked in front of her classmates in a PAP Community Foundation Centre. She even swung her against the white board. And she was given a 21 probation on the ground that she too was an abused child. What a sick joke! What a sick mitigation excuse!

Is our teaching profession going mad? Or is our society going sick? Don’t the principals or MOE put their ears on the ground to find out what is happening? Oh, the second case mentioned above was dealt by a principal. No wonder Singaporeans are so docile, so authority fearing. They must have been mentally castrated from young in our schools.

The MOE must take a stand on this and get rid of sadistic adults that are unsuitable to take care of children. They will do more harm than good and the earlier they are removed the safer it is for the children. There is an urgent need to do some spring cleaning for the well being and safety of young children. Stop wasting time on cleaning hawker centres.

We need to guard against pyschopaths walking around as teachers. A serious personality and pyschiatric assessment must be conducted on all teachers. Though this may not weed out all of them, at least a big chunk could be taken out early. It is better to be safe than sorry. Subsequently, schools and pre schools, nurseries, kindergartens must have a continuous programme to monitor the teachers to ensure that they are safe for the children. There is an honest and naïve assumption that teachers are all normal people, love children and can be trusted in their entirety with the children in their care. They could be monsters and little devils in disguise.

Wake up and stop being complacent and think that every human bean is ok if he or she calls herself a teacher. Even one in a robe is committing all kinds of crimes behind the robe. Our children need to be protected from their teachers. Our preschools, kindergartens and nurseries must not be turned into frightening places for our children.

The right COE Scheme

Please note that I used the word right and scheme. I could have said the best COE formula or the correct COE system. You see, the right scheme to different people means different things. The right scheme to a super talent is different from the right scheme of a layman or the right scheme of a crook. They are all right schemes to each one of them.

When a designer of a scheme starts from the point of a right scheme you can bet what are his objectives and goals. The current COE Scheme is the right scheme for the govt and for the rich buyers. It is the wrong scheme for the less well off buyers for sure, and for those who cannot do without a car, eg the invalids or handicaps, the families with dependent young and old that have to be ferried to and fro. That is the reason why so many people are so unhappy with the current right COE Scheme as it is not right to them. And that is also the reason why so many people have so many brilliant ideas to offer but will not be accepted or ignored. Cause those ideas are good, excellent but not right.

Anyone who wants to offer any good suggestions to modify the current COE Scheme must take note of who it shall benefit. Otherwise, no matter how good or brilliant the suggestion is, it will simply go into the waste bin, wasted time and effort.

Now did I get my right idea across? It is the goals and objectives of the COE Scheme that determine how it should be designed, what to consider and what not to consider. Get it?

Anyone still wants to offer the best formula, the correct solution or better please think what is the right scheme first?

How to get rich quick?

The whole world is entering a golden era when wealth of money is made so easily, so quickly and in such a sum that our forefathers would never have imagined. Many of the old rich made it after a life time of slogging and business acumen and hoping that all the decisions made were the right ones. In today’s context, the money made by the old ways was just too slow and too little. The internet age has made many very rich overnight, and many are very young. These are the true entrepreneurs that were there at the right time with the right products. They truly deserve every cent they made.

The money did not go to only the mavericks of the internet world. Money is everywhere, overflowing and it is up for everyone to grab in whatever ways they could. Ok, the internet whiz kids are just an exception. And making money the true honest way is still the way forward for many. But there are many that are taking the shortcut to instant wealth. They defy the old wisdom of making money slow and steady in all honesty. Instant wealth does not come easy for many.

In today’s world of high finance, many fortunes were made by many through other than by the honest, slow and steady way. The old ways cannot make people rich overnight. Only the crooked ways, by cheating, by gambling, by conning and deceiving, by robbing, can people make money so easily and so fast other than the few exceptions stated above. When people are making quick money without having to really sweat for it, the answers are all out there. Put one and one together and you will get two, but the instant wealth makers will get three or four. And remember that they are cheating and robbing others and many will be poorer because of them.

An example of how corrupt the financial system is and how the crooks are making tons of money is the trial of an ex Goldman Sachs trader now going on in New York. ‘The trial of former Goldman Sachs bond trader Fabrice Tourre was about "Wall Street greed," a lawyer for the U.S. Securities and Exchange Commission…’, reported Nate Raymond in a REUTER article on 15 Jul 13.

The gist of the case is as reported in the same article: ‘The SEC accuses Tourre of misleading investors in a mortgage investment called Abacus 2007-AC1 by not telling them that a hedge fund was involved in selecting the underlying assets and betting against it.

Matthew Martens, a lawyer for the SEC, told the jury the deal Tourre put together was "secretly designed to maximize the potential it would fail" to the benefit of the hedge fund, which made about $1 billion.

"In the end, Wall Street greed drove Mr. Tourre to lie and deceive," Martens said.’

The snake oil seller, Goldman Sachs trader, was selling some toxic product designed to fail and pushing it to his clients while knowing that another party was shorting it and with knowledge of how the CDO was structured, could actually cause it to fail. The result was expected, the clients of Tourre lost more than one billion and the hedge fund of John Paulson made the one billion. How convenient and how easy to make money in Wall Street and how easy to find innocent suckers? The formula is being repeated across the big financial centres of east and west.

Structured products, derivatives, CDOs (Collateral Default Obligations) and CDS (Credit Default Swap) are instruments that the designers had a handle to turn them to their advantage without the victims having a clue of what is going on. That is why they called them ‘sophisticated’ instruments for ‘sophisticated’ clients, with clients thinking that they are sophisticated and clever but in fact the definition means ‘thinking that they know and can afford to lose but cannot claim ignorance.’

And the selling of such snake oils is spreading across the world financial markets with the perpetrators of such products seen as financial geniuses and welcome by greedy govts everywhere. In the meantime the financial time bomb has been set clicking. When will it blow up?

It is just a poll

This latest poll was prompted by a very assertive statement from Hsien Loong arising from the hawker centre cleaning issue debated in Parliament. His statement, ‘Singapore has succeeded because we have honest, upright people in politics: people who can be trusted to uphold the public interest, to speak the truth even when it is inconvenient...’ And the poll is conducted to see whether the people agree or disagree with his statement. What do you think?

93% of the respondents disagree with Hsien Loong’s comment that Singapore has upright people in politics, people that can be trusted, to speak the inconvenient truths when needed. How come like that? Is this frightening, that the people don’t think we have upright and trustworthy people in politics?

The poll is just a poll and it is not conclusive to say that the people are right and we don’t have upright people in politics. We may have a lot of them, we may not. What the poll is saying is that they don’t believe, rightly or wrongly, that there are upright and trustworthy people in politics. This is bad enough. It is like an innocent guy in court while the jury insists he is guilty.

For the people to say so, alright, just the people who responded to the poll, it says something. What has the Govt done to deserve such mistrust from this group of people? Go do some soul searching ok?

The other point is for the Govt to do the right thing so that they can regain the trust and faith of the people, that they are good and upright and can be trusted to speak the truth. I think this is a trying task looking at the emotions today. Can the Govt change this negative perception?

What is bad is that if the perception of the people is true. In that case no medicine can cure this sickness. Habis lah.

Is this poll important to the Govt? It depends. It depends on whether they want to believe in it. It depends on how genuine or how close it is to the perception of the whole population. If this is a true representative of what the people perceived the Govt to be, it is definitely not pretty. The Govt and Hsien Loong can only hope that this poll is not representative, not real or biased, or only the views of a small group of anti PAP cynics.

What do you think?

Hawker centre cleaning, time to move on

As more things are revealed in this issue of great national importance, perhaps it is time to move on as the points in question could boil down to some misunderstanding in what were said and what were written or between annual cleaning and not annual cleaning.

Can we call it a stalemate, both sides never win or never lose, call it a truce and everyone gets back to work? Some overseas blogs are even laughing at us for creating such a hooha with ministers and PMs involved. But I must respect those who think this is indeed a very serious matter of integrity and honesty and needs to pursue until every stone is turned and every straight and honest face turns crooked and red.

Shall everyone say peace? I also feel very embarrass to post about it.

South Korea begging the US to take control of its armed forces

Though the South Koreans have been bragging about how able they are to invade and fight the North Koreans, they are so afraid of losing the backing of their colonial master. This semi American colony is begging the Americans to continue to be their supreme military commander in case a war breaks out with the North. The agreement means that the Americans will have full control of the South Korean armed forces in war. The whole of South Korean military will be under the control of the Americans.

The Americans were supposed to surrender this right to control the South Korean armed forces in 2012 but this was delayed because of the sinking of the Choenan. The handover was then scheduled to be in December 2015 but the South Koreans willingly wanted to submit their armed forces to the control of a foreign power, the USA and is asking for a delay in the handover of power back to the South Koreans. It is unbelieveable that a sovereign state would willingly beg another country to assume command of its military. Where is the pride of the Korean people? Is this not a sign of a semi colony?

And now we know the reason why the Choenan was sunk in October 2010. The real reason, the South Koreans would be assuming control of their own military by December 2012. And there must be a strong reason to frighten the South Koreans to want to continue with the Americans as their military commander and colonial master. Who then has an interest to sink the Choenan to keep this status quo?

The North Koreans, the South Koreans or the Americans? Who sank the Choenan and the reason for its sinking is now clear as day light.

Malaysian University admission standard very high

It is reprinted in My Paper of a report in The Star/Asia News Network of a number of top Malaysian students with perfect scores for the STPM but either failed to get a place in Malaysian Universities or being given a course not of their choice, or courses that are unpopular or of lower economic values.

Chai Yee Lin obtained a perfect 4.0 CGPA score, applied for medicine, dentistry, pharmacy and bio medical courses but was given a veterinary science course in Kelatan University. Another student, Chong Yong Sheng, also with perfect score was not even good enough for a place in the universities. And another girl, Deveshini Uthani was devastated as well for not given a place. Her score was poorer, 3.96. She thought it was good enough and that she had done her family proud.

What all these students failed to understand is that there must be many many students with perfect scores, probably 10,000 or 20,000 or more. Thus, their perfect scores were actually average or below average. And the standard for admission must also be very high.

These students should work harder if they want to get admitted to Malaysian universities. On the other hand they may try their luck in Singapore Universities. Here the entry requirements would not be that high and they may even be good enough for an Asean or a Singapore Govt scholarship with food and lodging thrown in. And if they did well on graduation, they may even be given citizenship.

The competition of the local students is not so fierce as the local talents are deemed daft and would not have that kind of scintillating results. It has been proven that many third world students have done much better than the locals and even in employment. Even a youtube porn star was once a scholar in a Singapore university.

I will encourage these top Malaysian students to come down south. Oops, they are not tops in Malaysia but tops in Singapore, I think. They will be received with open arms.

MOM charged 25 FTs for forging certificates

25 fake FTs, 21 from Myanmar, 3 from India and 1 from the Philippines have been charged for forging certificates to get employment passes and very likely all will be jailed as none will be able to pay the $5000 fine. The jail sentence is for 4 weeks while those unable to pay their fines will be jailed for 20 days. The difference in the days for the jail sentence could be due to the cases being different.

These FTs were caught after being employed for less than a year. They are new applicants. Many enraged Sinkies are calling for tougher measures as the sentences were just too insignificant for the risk and reward considerations. It is a good start for the MOM and people are expecting more to come as this is only skimming the surface of a problem of several hundred thousands of FTs here.

To mean business, MOM should go after the employers and the recruiting agencies as well. They have to go for the source of the problem and not the foreigners that are trying their luck. And worse, they are not going to pay the fine and the govt would still have to feed and house them for the duration in jail.

Go for the jugular, and employers and recruiting agencies that failed to do the due diligence or actually in cahoot with the job applicants should be severely punished. And the employers and recruiting agencies are likely to have the finances to pay up and would avoid repeating the act.

Hope this is not just a show and the reaches of the MOM should extend to all the existing EP holders under employed and eventually even to new citizens who have gotten away. It is a long and tedious process and it is best that MOM signals its intention and how far it will go to nab the culprits and the cheats. MOM must issued a stern warning to all employers and recruiting agencies. In that way it could be seen as giving them a chance to get out while they can and for employers to clean their own houses before the net closes in on them.

By placing the responsibilities on the back of the employers and recruiting agencies will shift the burden to them as well. MOM just does not have the manpower and resources to deal with the few hundred thousand FTs here. Leave it to the employers and recruiting agencies to do the vetting and checking. MOM should just take on one company at a time starting from the big ones to send the message across that it means business.

The citizens are demanding that the govt must act thoroughly and seriously on such violations of the employment law and cheating the deserving citizens of their right to employment. Also it will save the embarrassment of being seen as a silly govt that claimed to be intelligent and sophisticated first world talents but got cheated easily by third world half baked non talents and fraudsters.

The Sinkies are not daft and are watching carefully to see how real is the effort of the MOM. There are many fakes hiding deeply in the banks and financial institutions and some may be holding very senior positions for many years here. It is also good that MOM has asked the public to whistle blow, to feed back on suspected cases to their hotlines.

MOM said it will not condone such acts of false declaration, and will take severe actions against offenders.

Members of the public who have information of persons or employers who contravene the Employment of Foreign Manpower Act should report the matter to MOM at Tel: (65) 6438 5122 or email mom_fmmd@mom.gov.sg. All information will be kept strictly confidential.

Foreign visitors to mysingaporenews.blogspot.sg

I just did an analysis of the origins of bloggers visiting mysingaporenews and it is a pleasant surprise that nearly all the English speaking countries are here, from the US, UK, Australia and Asean countries. What is surprising too is that the biggest English speaking country inside the Commonwealth, India, is not one of them. But from previous posts they have been shown to be here before. Perhaps they are using URLs from other Commonwealth countries.

The other notable countries with a big presence here are some non English speaking countries like Russia, Ukraine, France, China and Germany. And France and Ukraine are among the top 5 visitors that include US, UK and Australia.

The US at one time overtook Singapore with the top number of visitors but this has been halved since the verification facility was added. This is a clear indication that the number of spammers coming from the US and trying to mess around is pretty big.

Nice to know that this blog is quite well received internationally.

Redbean

White Robert Zimmerman acquitted of slaying black Trayvon Martin

This case has dragged on for more than a year. Trayvon Martin, a 17 year old black boy living in the same neighborhood as the burly 29 year old white man Zimmerman. On a night out to buy some food, he was racially profiled as a bad guy by Zimmerman. Martin was unarmed, Zimmerman armed with a gun. Zimmerman set upon Martin and in the struggle, neighbours heard the voice of the young black boy calling for help. But he was shot dead by Zimmerman claiming self defence. A jury of 5 white females and a black female found Zimmerman not guilty.
 
The blacks and Martin’s family are crying foul. Rioting has started in the district and several American cities in protest against the not guilty verdict.
 
In the past, many blacks were found guilty when innocent and hanged or lynched by white mobs and white courst. In the past, many white murderers and nigger killers were set free even with unquestionable evidence of guilt.
 
Now we are in the 21st Century and such racial and hate crimes against the blacks are still happening, and the white men who did the killing are acquitted. And the black leaders are calling for calm and peaceful demonstration like they used to do in the past when they became victims of such racial injustice.
 
Zimmerman may be free but admitted that he would have to look over his shoulder for the rest of his life. Some day, some guy may just pull the trigger on him to settle the score. Of course the guy will surely be found guilty and sentenced to life imprisonment or death in some states.
 
How many think that Zimmerman is not guilty? How many believe that Zimmerman killed the boy in self defence? How many think this is not a racial profiling hate crime? How many believe the Martin family had the fair share of the law on their side or was it just another kangaroo court? How many think that racism is a thing of the past in the USA?

Moody downgrades our local banks

‘International credit rating agency Moody’s has downgraded the outlook for three Singapore banks – DBS, OCBC and UOB – to “negative” from “stable” for the next 12-18 months.’ Quoted from TRE.
 
Big, strong and friendly banks with triple A ratings are now rated as negative? What does it mean? How is this equated to the A, B and C rating scale? Are our banks now in the B grade or C grade? Getting a negative rating is no joke for sure.
 
Taking a peep into Moody’s full report on Stand alone Credit Strength, DBS is now rated as B/aa3 and Neg, OCBC is B/aa3, Stable, and UOB has the same rating as OCBC. Bank of Singapore, BOS is rated C-/baa1 and Stable as well. The overall average rating of Singapore banks is B/aa3. The Long Term Bank Deposit ratings for all the local banks are Aa1/Stable except for DBS with a Negative rating.
 
One of the main reasons given by Moody for this downgrading is the banks exposure to housing loans which stands at 77% of household debt. Moody also mentioned that ‘77% of Singapore banks’ non-performing loans (NPLs) were related to loans made by borrowers outside Singapore in 2012, compared to 65% in 2008.
 
With the uncertainties in the world economy and the risk of higher interest rates, the impact of a tightening of monetary policy in the US could trigger big movements in the flow of funds in and out of emerging countries and the local market. A big outflow could have adverse effect liquidity and interest rates and the housing market.
 
How serious would this be is still a grey area. The consequences of the US subprime crisis is still vivid to many and something that no one wants to see here and no one would believe such a scenario will happen. There is American exceptionalism and there is also Singapore exceptionalism. We are exceptional and we will not be in the same plight as the Americans and no subprime crisis will be allowed to happen here. Our situation is well under controlled by the most expensive talents available managing it. No worry, the Moody downgrade is just a paper downgrade and nothing untowards will happen and there is no need for fear mongering.
 
There will be no housing crisis here and those who think that people will be jumping from the flats are just talking nonsense. Our property prices will continue to go up as usual.

Scrap university education

What is education for? Is education for the sake of education? Or is education about equipping the student to participate fully in life, in the economy, simply about getting a job to earn some money to provide for himself and his family should he decide to have one? For the elite and the gentry class, the royalties and aristocracies, education is just for education, to learn to read and write. The need to get a job or the need for an education to equip the student to be gainfully employed is not necessary in the lives of such privilege classes of people. Contrast this to those who need to work for a living, an education is seen primarily as a means to a job. Of course one does not need an education to get a job. A fisherman, a butcher, a boxer or a golfer or a tennis player, they don’t need an education to earn a living.
 
Putting aside those that don’t need to work, and those jobs that don’t need an education, education is the acquisition of a piece of certificate, diploma or degree or the acquiring of a passpost to a job. Several of our wise leaders have spoken many times to encourage the young to get a good education and advocating how important education is to a good job and a good life. Education is the leveller for all to compete on equal grounds to material success. And the Govt spent hundreds of millions annually to provide an excellent and world class education system for the population. And the universities and colleges all strived to be the best, to produce the best students for society and the economy.
 
Then out of the blue we heard two ministers in a matter of days said these. Khaw Boon Wan: “You own a degree, but so what? You can’t eat it. If that cannot give you a good life, a good job, it is meaningless”. He later went on to encourage people to become crane drivers when there is a great demand for it and the pay is good. Then Heng Swee Keat followed up a few days later by saying that ‘beyond providing students with a good education, he wasn’t sure or neither would he be responsible if these students could not find good jobs after graduating.’
 
Could you believe it, that two ministers in the same breath told the people that our world class education could not guarantee them a good job and maybe they should consider becoming crane drivers or take on other jobs that don’t require a good formal education? What the hell the Govt set up all the good schools, colleges and universities for? The students in these institutions are mostly from the working class that need to work for a living. They are not children of royalties or aristocrats or the super rich when working is an unnecessary chore, and if they choose to work, it is to kill their boredom. Why encourage the parents to send their children through the system, invested time and resources when it can be all for nothing?
 
Does anyone think that this is strange? Would the NTUC, the super advocates of training and the organisation that has been sending hundreds of thousands of workers for training, tell the workers that the training would not guarantee them a job? Then why waste their time and money?
 
The sick part of this conversation is that the country can provide a few hundred thousand jobs to foreigners who came from less prestigious or even doubtful institutions of learning with great jobs and good paying jobs. And we are telling our children that despite the fact that they have gone through one of the best education system, they may not get a good job here.
 
I think this must be the joke of the century. Now who started this joke and set the whole world laughing? Education, and expensive education, stressful education, is not ‘main main’ ya. Who in his right mind would tell the parents that this gonna be the case, that their children with good grades from this expensive and world class education system may not find a good job while the questionable students with questionable grades from questionable education institutions could be in a better position to get good jobs? Is there someone suffering from bipolar sickness but is not detected? Did someone say bird talk?
 
And there is the acting Minister of Manpower, Tan Chuan Jin, scurrying around like a bull arse fly shouting discrimination by employers, both locals and foreigners, against Singaporeans in employment. Now, what is that all about? Maybe have to wait for people to clean the hawker centre first before they have time to explain what is going on.

Internet: WYSIWYG

Calvin Cheng, the ex NMP, wrote to the ST forum today with the title, ‘Seeking clarifications on line a disturbing trend’. This is one of his statement referring to Ravi Philemon’s internet comments on the haze and N95 mask problems, ‘That said, his actions were part of a rather bewildering and disturbing trend: that of questioning the veracity of govt statements during a national crisis, and the belief that it is better to clarify uncertainties over the Internet rather than with govt agencies.’
 
Calvin Cheng’s argument is not about questioning the govt but about using the internet to do so. His assumptions are that the internet is full of nonsense from unqualified and unreliable people. Only the govt and the respective official agencies will have the expertise and to tell the truth. He even asserted, ‘In a crisis, our Govt has never been known to lie. It is ridiculous to think it would start now.’
 
Ahem, I am sure all of you reading the above are raring to say your piece about how ridiculous and flawed his assertions are. All I can say is that the internet is WYSIWYG, minus the biases of the editor and whoever that thinks that the right answer should be what they think is best to be printed. In the internet, everything you see is what the bloggers want to say, minus those with a hidden agenda which can be quite easily to fish out. Many bloggers are genuine and simply expressed what are in their minds, untainted by political considerations and the need to say the right thing.
 
The reasons why people are seeking the internet to express their views speak for themselves, and why they are not going to the main media or the agencies concerned. Other than not having faith in getting a reasonable reply, what they sent in may not see daylight and could end up in the waste bins. The internet is also a very convenient and efficient means for circulation of information, instant and immediate, no need to wait for the sun to rise. And it is the platform for everyone with no one thinking that he is the lord and his views prevails.
 
Step aside main media. You are history, partly of your own doing, partly due to the advancement in technology. The internet is now a platform of choice of the people to air their views and grievances. And there is nothing bewildering or disturbing about this trend.

How to fix the COE system?

On the covering page of Today paper is a full page on the COE system with the question ‘How do you fix the COE system? There are three more questions following this, ‘Why not make car buyers pay what they bid for their COE? Or should COE just be balloted? What should COE categories be based on?
 
The unhappiness over the COE system has been on going for many years. Occasionally people would raise their grievances for a while but soon forgotten. The Govt knows best and this is the best system they could come up with. The fact that this system is coming up for criticism year in and year out and for Today to put it in an exclusive page and a TV programme dedicated to it speak a lot about how good or shitty the system is.
 
Why is this system allowed to go on for so long? The answer is obvious. Or maybe everyone can see the problem but our super talents could not. Their thoughts are more intelligent and they could see all the merits of the system but the farmers could not. So, like the clever deaf frogs, they knew that this is the best way to go and no time to waste listening to the daft.
 
Everyone in the street can see the flaws of this system, how is it that the Govt thinks that this is the best and is willing to overlook the flaws? Now I am being silly. Where got flaws? Let me tell you the merits of this system. If I am very rich, I can guarantee myself getting the COE and paying the least despite bidding for $1m. See, the system is so good to me, the rich man. And who is the one suggesting that I should pay the $1m that I bidded? Don’t be stupid can. How can you make me pay $1m for a COE? I only bid to make sure that I got the certificate with no intent to pay the million dollar lah. Siao.
 
As for the Govt, it is so generous to make sure that everyone pays the lowest successful bid. How can anyone blame the Govt for being so kind? Imagine paying $1m for a COE and another bidder pays $50 for it? Such injustice cannot be allowed. The Govt must be fair to all the bidders. Everyone pays one price, the lowest price. See, fair or not? The people must be very grateful to such a considerate Govt that thinks for their own good.
 
And if everyone were to pay what he bids, it is so complicated and messy. It will drive everyone nuts to compute the exact amount for every car during transfer or rebates or whatever. With one price, so easy to calculate, use fingers also can.
 
Doesn’t the system encourage everyone to bid as high as possible knowing that they need only pay the lowest? Doesn’t this in a way lead to the price to be artificially higher than it should be? Really ah, cannot be lah. Buyers still only pay for the lowest bid so even if the price is unusually higher it is okay what. Good for Govt revenue and money can be used to improve public transportation and roads better. It is a good thing.
 
Shouldn’t the bidders pay for the price they bidded since it is their own free will to bid high? Cannot, not fair for the rich to pay higher COE and the poorer buyers pay lower COE. The Govt must ensure that there is fair play for everyone. Have you heard of leveling the playing field?
 
This COE system is about as good as it gets. Now who thinks he is smarter than the super talents and wants to change the system? Every good idea has been thought through and found to have other problems and not workable in the long run. Let’s stick to this present system and move on. No need to waste more time on it. But if it is just to allow the people to let off some steam, then it is ok to talk about it and let the people think, for once, that they are smarter than the super talents and have cleverer ideas to contribute. There is a saying that the fools may have something wise to learn from ya? Swee boh?