atans1

M Ravi not alone

In Uncategorized on 24/05/2017 at 9:54 am

But first, it looks as though he’s not been taking his medicine and so is looney once more.

Two FB posts on the issue

I just watched M Ravi’s FB live. Wished he said more about his application on EP. But he got it wrong about Tan Cheng Bock being a Cabinet minister. And despite what anyone says about who can be PM, it’s up to the party in power to pick, as is the case in the Westminster system. His constant Tharman for PM refrain…I think it’s embarrassing for the poor man. I mean Tharman, not Ravi.

And

He appears to be entering one of his periods of mental instability … for example he just boasted about taking out an application to declare his bank mortgage void for uncertainty and unconscionable … He also criticised the Law Society of Singapore (not again …) I gave up listening after about 5 mins.

With enemies like him, the PAP doesn’t need friends. It can even afford MPs to go “rogue” after becoming ex MPs doing haram things.

Whatever, he’s not the only lawyer going bananas.

From NYT Dealbook

Law Firms Begin to Embrace Use of Therapists

By THE WALL STREET JOURNAL

Big firms have long been reticent to openly address addiction and other mental health problems, but that attitude is slowly changing with some offering on-site psychologists.

Noble House, noble debts, ignoble end

In Commodities, Energy on 24/05/2017 at 4:22 am

Or dear, so Noble’s fell another third and the shares were suspended on Tuesday after S&P lowered its rating by three grades to triple C plus on Monday. The rating remains on a negative outlook.

Well things got even cheaper ,“Noble trades at less than a third of book value and its bonds below half their par value.”, if auditors can be trusted.

It needs to roll over US2bn in credit facilities by the end of May. And next yr, it has another US$1.5bn to refinance: US$700m in cash and US$400m of unused credit lines and some of this is  now collateral for hedges.

But how to refinance when there’s a lack of hard assets that can serve as collateral and when it’s difficult to independently value its portfolio of contracts to source and supply commodities?

Time to call in the knackers? After all  Paul Brough, a former partner at accounting firm KPMG,  is now the chairman and has started a “strategic review”.

Why PM needs a billionaire in his cabinet

In Energy on 23/05/2017 at 1:06 pm

When a billionaire is US Commerce Sec, there’s out of the box thinking

Commerce Secretary Wilbur Ross suggested the White House would aim to boost LNG exports not just to China, but other nations with whom the United States posts a trade deficit, including Japan, the world’s top LNG importer.

http://www.cnbc.com/2017/05/19/trump-just-gave-china-a-sledgehammer-to-smash-the-lng-monopoly.html

Interesting tot.

Time for PM to appoint a billionaire to his cabinet (Kee Chui Peter Lim?). At the very least it’ll save tax-payers a million dollars or so a yr in ministerial salary.