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Archive for the ‘Uncategorized’ Category

Anti-PAPpies want Kim to nuke S’pore isit?

In Uncategorized on 19/06/2018 at 5:26 am

Why liddat?

On FB, TRE and TOC and the Indian (I’m told, I don’t read it) the anti-PAP types are denouncing two PAP ministers for taking wefies with Little Rocket Man).

On FB in response to comments denouncing the PAP ministers:

There seems to be an assumption among people of a certain ideological bend that our ministers wanted to take the wefies. Has it ever occurred that Kim asked for the wefies as a goodwill gesture to say thanks to S’pore for hosting and paying his bills?

Adrian Tan

He’s a bit of a wimp for calling the anti-PAP types “people of a certain ideological bend” but he’s right about the assumption that the ministers wanted the wefies, and the possibility that Kim asked for the wefies as a goodwill gesture.

Imagine what would happen if the two ministers (not my fav ones*) said “No”.

Btw, since VivianB has also been denounced on FB, TOC, TRE etc of saying innocuous words like “impressive” when describing his impressions of North Korea which he visited recently. They want him to say, “The place is a shithole like Aljunied town council run areas” isit?

Our anti-PAP types hate the PAP so much that they openly want Kim to destroy S’pore because if S’pore is nuked PAP ministers will die. They forget that there are special measures to protect these ministers. How not to call these anti-PAP types, cybernuts?

The PAP couldn’t have wished for nuttier enemies, what with friends like Calvin Cheng (Err so why the silence on Calvin, minister?) and FATPAP.


*What I’ve written about them

VivianB’s other folly: F1

Our new PM/ Trumpets pls for me

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Amg moh always tua kee

In Uncategorized on 13/06/2018 at 11:37 am

The recent summit meeting showed the usual deference shown to ang mohs but not other races.

There was a news report that Kim’s look-a-like (a Hongkie) complained that he was detained briefly for questioning by immigration officials, while Trump’s look-alike didn’t have such problems.

Wonder if Kim’s Air China faced problems that Trump’s Air Force One didn’t?

FTs at work, not juz beating up locals & stealing their lunches

In Uncategorized on 13/06/2018 at 4:10 am

What TOC, TRE and other anti-PAP sites, and even mothership don’t tell S’poreans about the great things FTs are doing here:

In a recent ranking of the most cited artificial intelligence research papers, which was studded with the likes of MIT and Google, a perhaps surprising name stood out: Nanyang Technological University. In fact, the Singapore university ranked second in the top ten only to Microsoft.

https://www.ft.com/content/4fb6269c-696b-11e8-8cf3-0c230fa67aec

Morocco Mole, Secret Squirrel’s sidekick, tells me that I highlighted what makes NTU great in AI in NTU’s global first in AI. And that these researchers are all FTs, though Secret Squirrel says there’s a true blue S’porean among the lot, but he’s not sure.

More of these FTs please.

 

Kim came on a Boeing 747

In Uncategorized on 12/06/2018 at 4:24 am

And it’s owned by China.

According to air traffic experts, the paper says, the Air China Boeing 747 carrying Mr Kim took off using a standard flight number – indicating it was heading to Beijing – before changing its call sign and route once airborne.

BBC report of Daily Mail story.

Looks like his personal jet is not fit for the short journey here.

US tua kee in aviation.

Btw, as he’s leaving five hrs after the Summit shows that Air China is charging him by the hour.

Ang moh tua kee even in Africa

In Humour, Uncategorized on 07/06/2018 at 4:42 am

“A person would rather buy second-hand from America, instead of buying a new Chinese product,” says Nelson Mandela, a Ugandan trader

Economist

As usual Chinese sua kee.

A gd word for Duterte

In Uncategorized on 06/06/2018 at 4:12 am

The many controversies of Rodrigo Duterte’s presidency have overshadowed his considerable achievement in reducing smoking rates. No he didn’t it by shooting smokers aka like drug users and dealers. He strengthened an existing law. In May 2017, he passed an executive order banning smoking in public, imposing a maximum penalty of a four-month jail term and a 5,000-peso ($95) fine: the S’pore way sort off.

Taxes on tobacco are also shooting thru the roof.

Tun and Trump: Talk cock, break things

In Uncategorized on 05/06/2018 at 10:37 am

Looks like Najib was faking it when he hinted he and Trump were bros. Tun and Trump are the real bros deal.

For starters, they both remind me of this quote by another POTUS

Any jackass can kick down a barn but it takes a good carpenter to build one.”

Lyndon B. Johnson

For another this is what Augustine Low wrote on TRE

Dr Mahathir has a fundamental strategy not unlike that of the one that has served President Donald Trump very well. He keeps saying he wants to Restore Malaysia’s Glory (Trump’s motto is Make America Great Again). Dr Mahathir is moving at breakneck speed, racing against time to do what he tells Malaysians is necessary to bring back the glory days. What he says is gold and he has the backing of his countrymen and women because he is seen as a saviour who can do no wrong – at least for now.

Tun has the same communication strategy as Trump: Talk cock, Move fast, Break things,

Full piece

The risks of letting Mahathir be Mahathir in the age of social media

When Dr Mahathir Mohamad was last the Prime Minister of Malaysia, Lee Hsien Loong was not yet Prime Minister of Singapore, and social media was not yet the phenomenon it is today.

But it seems that the Singapore government is treating Dr Mahathir the way it did some 20 years ago: Let Mahathir be Mahathir, let him say and do what he wants, we’ll keep mum and we’ll only cross that bridge when we come to it.

With the social media, everything that Dr Mahathir says becomes instantaneously widespread. His remarks that “the people of Singapore, like the people of Malaysia, must be tired of having the same government, the same party since independence,” immediately became the talk of the town. Thanks to the fact that it was all over the Internet and social media applications such as blogs, Facebook, Twitter and WhatsApp in double quick time.

Singapore’s mainstream media did not even touch on those remarks. Because Singaporeans are not supposed to know? Because they would be deemed offensive by the government? Needless to say, such censorship does not hold sway anymore.

The government has always been quick to rebut criticism and unseemly comments, especially those seen as meddling in internal affairs. But it has kept mum about Mahathir’s provocative remarks about Singaporeans being “tired of having the same government” and about plans to build an island near Pedra Branca.

Dr Mahathir has tested the waters and sent out signals that he going to be combative, especially the way he called off the Kuala Lumpur-Singapore high speed rail project – unilaterally, without even an official word to the Singapore government, displaying trademark nonchalance and disdain.

Dr Mahathir has a fundamental strategy not unlike that of the one that has served President Donald Trump very well. He keeps saying he wants to Restore Malaysia’s Glory (Trump’s motto is Make America Great Again). Dr Mahathir is moving at breakneck speed, racing against time to do what he tells Malaysians is necessary to bring back the glory days. What he says is gold and he has the backing of his countrymen and women because he is seen as a saviour who can do no wrong – at least for now.

Singapore’s strategy of letting things simmer down and take its course may no longer be relevant because the 92-year-old is a man in a hurry and the 24-hour news and social media cycle suits him just fine.

Clearly, the government is still trying to grapple with how to manage relations with Dr Mahathir. The strategy of two decades ago must be reworked.

Beyond showing their mettle and resolve, Singapore’s leaders also need to raise their game when it comes to agility and speed of response and communication.

Augustine Low

* The author is a proud but concerned citizen. Voicing independent, unplugged opinion is his contribution to citizen engagement.

Guy to blame for Trump becoming POTUS

In Uncategorized on 03/06/2018 at 4:25 am

As a banker, Mr Ross opted not to force the casino developer into bankruptcy.

FT

Wilbur Ross, billionaire, and US Commerce Secretary was that banker.

S’pore is tops for safe, happy childhoods

In Uncategorized on 02/06/2018 at 4:25 am

Reading comments on social media and on anti-PAP websites like TOC, TRE and The Indian, our kids have unhappy childhoods: all that exam stress caused by the PAP govt’s policies. But what the cybernuts don’t tell us is that S’pore is joint tops for safe, happy childhoods. PAP must have something to do with this right?

RANK COUNTRY
1 Singapore
1 Slovenia
3 Norway
3 Sweden
5 Finland
6 Ireland
6 Netherlands
8 Iceland
8 Italy
8 South Korea

https://campaigns.savethechildren.net/sites/campaigns.savethechildren.net/files/report/EndofChildhood_Report_2018_ENGLISH.pdf

WHAT DO THE SCORES MEAN?
End of Childhood Index scores for countries are
calculated on a scale of 1 to 1,000. Countries with
higher scores do a better job of protecting childhoods.
The scores measure the extent to which children in
each country experience “childhood enders” such as
death, chronic malnutrition, being out of school and
being forced into adult roles of work, marriage
and motherhood.

Another reason why 60-70% vote for the PAP?

The real-life Wakanda City

In Uncategorized on 30/05/2018 at 4:32 am

In the Black Panther Wakandia City is a high tech city in darkest Africa. There’s one really coming up.

completion of a $5bn (£3bn) technology city called Konza City, which is part of Kenya’s ambitious development plan known as Vision 2030.

The technology hub will sit on 5,000 acres of land and aims to be the centre of innovation which will attract top technology companies to set up shop.

If Konza City turns out as planned, Kenya will really live up to its title of the “Silicon Savannah”.

BBC report

Whatever, it’ll be a lot better than Cyberjaya. Remember Tun M’s mega project?

Looks like PAP right about cyberspace “noise”

In Uncategorized on 29/05/2018 at 11:23 am

And I’m right about

Maybe they really don’t oppose the PAP? They juz make some noise, hoping the PAP will throw them some goodies? Bit like my dogs barking or whining to get my attention.

Why Reformasi won’t happen here

Terry (of Terry’s Online Channel ) wrote on FB

Seriously, why do people go write articles in their own name and then years later ask to remove the articles because they have changed their stance?

If you want to express yourself without fear, use a pen name or something.

You use your real name because you want to be identified for the write-up, so it makes no sense to be given the right to remove your name years after, just because you think that write up is unsafe or inappropriate.

Take down is ok if the publication misused the write-up or misrepresented what was expressed.

But not simply because you regretted writing the post in your name.

Juz “noise” for the sake of noise or “They juz make some noise, hoping the PAP will throw them some goodies? Bit like my dogs barking or whining to get my attention.”? Or juz nutty?

What do you think?

Coming here: “the first international hair style competition”

In Uncategorized on 29/05/2018 at 4:14 am

When Trump first called off the summit (Looks like it’s on again), one of the most popular Sina Weibo comments, receiving over 2,000 likes is from a user saying they are “gutted” that “the first international hair style competition has been cancelled in Singapore!” (BBC)

Our Southern Indians are world class

In Uncategorized on 25/05/2018 at 10:59 am

This M’sia: Must be kilang reminded me that one source of tension locally is that FT Indians who call themselves “Aryans” (Shades of Hitler’s master race) look down on the local Indians from the South who are darker skinned. The Aryans subscribe to a now discredited version of history that the Aryans (who claim ang mohs descended from them) invaded India kicking South the darker skin abos.

In an FT report, sometime back, FT said that the Trump administration is considering Randy Quarles, the Fed’s vice chairman for supervision, as the next head of the Financial Stability Board, but it mentioned that Ravi Menon was a possible candidate from East Asia.

The new head’s job is to refrain from making new regulations and instead evaluate whether its post-crisis reforms are having any unintended consequences

A local Tamil has held a high-profile post in int’l finance before.

In April 2017, Tharman was appointed to chair a G20 Eminent Persons Group on Global Financial Governance, which was set up to review the system of multilateral financial institutions. He also succeeded Jean-Claude Trichet as Chairman of the Group of Thirty, an independent global council of leading economic and financial policy-makers from January 1, 2017.

Tharman had previously been appointed by his international peers as Chairman of the International Monetary and Financial Committee (IMFC), the key policy forum of the IMF, for an extended period of four years from 2011; he was its first Asian chair. In announcing Tharman’s selection, the IMF said that his “broad experience, deep knowledge of economic and financial issues, and active engagement with global policy makers will be highly valuable to the IMFC”

But our Chinese tua kee types should not be too upset because Jacqueline Loh, deputy managing director of our  central bank chairs the BIS’s markets committee. On digital currencies, Ms Loh, who has presided over experiments that offered digital currencies to wholesale market participants in her role as DMD of the central bank, acknowledged that any decision would ultimately have to be made at state level.

 

Best analysis of Trump

In Uncategorized on 19/05/2018 at 7:16 am

This appeared in the comments section of an FT article on Trump

Mouldover

The whole theatre of this presidency concentrates on promoting an image of a colossus commanding every aspect of society and government where the other branches of government are ineffectual and withering away. It is completely compatible with the roles of other totalitarian leaders such as President Xi and Putin. Probably President Trump changed his stance on ZTE purely to show that he also is not constrained by any rules just like President Xi. Thus the US is having the opportunity to see what command government can be like. It will be interesting to see what percentage of his support base supports this. He is surely shaking up Washington, and draining the swamp. However he didn’t say that he would not replace it with his own swamp and denizens. Hopefully the US military will not be bought by unlimited expenditure on their coveted weapons, however he is doing his best to get allies in law and order and the military fields. Hopefully he will not start a war to strengthen these relationships though that is the usual path taken by similar dictators as it polarises the country into believers and non believers as happened in the Iraq war. His actions in the Middle East are surely inflaming everything, and Israel might seize the opportunity to greatlly increase its power in the region and expand militarily. Thus this might be a prelude to more instability and gambling on his part, with extremely dangerous consequences, possibly with a view to influencing the coming election in November.

Coldstore: FT minister thinks Pa rightly detained

In Uncategorized on 18/05/2018 at 10:56 am

At least that’s the reasonable conclusion one can draw from his remarks to ST.

In an interview with ST (‘Facts, falsehoods, feedback – Janil has firm grasp of them all’, 7 May), the new Senior Minister of State for Communications and Information Janil Puthucheary said

he believes there were national security reasons for the Coldstore arrests and detentions.

“I think that is a reasonable conclusion to come to, that there were indeed national security considerations,” he said.

So, Puthucheary agrees that there were good grounds for interning his father and uncle without trial, since his father and uncle (and others) were considered to be “dangerous communists” ready to overthrow the government through violence.

All this reminds me of what Jesus told Peter

I tell thee, Peter, the cock shall not crow this day, before that thou shalt thrice deny that thou knowest me.

When the ST reporter asked him about his father’s case, talked using both sides of his mouth, he said “I am quite comfortable talking about it but I don’t see that it is in any way relevant.”

He’ll be a full cabinet minister soon.

For what is a man profited, if he shall gain the whole world, and lose his own soul? or what shall a man give in exchange for his soul?

Btw, looks I was wrong when I wrote this: FT jnr minister disagrees that “Pa” was a justly detained commie?

 

How to outnegotiate Trump

In Uncategorized on 18/05/2018 at 4:28 am

Seems the author of The Art of the Deal has been doing the wrong things: he breaks all but three of the tips of good negotiation listed below. But then he regained billionaire status after losing it: that in my book makes him a winner.

Whatever from FT

Top tips for good negotiation

Learn to empathise and put yourself in someone else’s shoes
Thorough preparation is essential. Make sure you do the necessary research on those parties with which you will be negotiating
Do not get too caught up in internal negotiations — negotiating among yourselves rather than with the party across the table
Learn to read your opponent
Communicate effectively. Never lie or exaggerate
Be patient and learn to listen
If both parties reach an impasse, bring other issues to the table
Learn to deal with difficult situations without being aggressive
Conduct a fair and respectful process
Know your bottom line and what your alternative is if your bottom line cannot be met

Trump’s tips (based on his tweets)

Learn to empathise and put yourself in someone else’s shoes
Thorough preparation is essential. Make sure you do the necessary research on those parties with which you will be negotiating
Do not get too caught up in internal negotiations — negotiating among yourselves rather than with the party across the table
Learn to read your opponent
Communicate effectively. Never lie or exaggerate
Be patient and learn to listen
If both parties reach an impasse, bring other issues to the table
Learn to deal with difficult situations without being aggressive
Conduct a fair and respectful process
Know your bottom line and what your alternative is if your bottom line cannot be met

Trump is fan of Rolling Stones song, but they don’t love him

In Uncategorized on 17/05/2018 at 5:10 am

Jagger

Trump’s choice of song to follow his victory speech when he became US president last year, the band’s You Can’t Always Get What You Want.

“It’s a funny song for a play-out song – a drowsy ballad about drugs in Chelsea! It’s kind of weird. He couldn’t be persuaded to use something else.”

http://www.bbc.com/news/entertainment-arts-44112902

Keith Richards got it right about Trump, 30 yrs ago

Keith Richards says he can’t be bothered to get angry any more – but the last time he did was nearly 30 years ago with Donald Trump.

“He [Trump] was the promoter for us in Atlantic City [during 1989’s Steel Wheels Tour],” he told the BBC.

“[It was billed as] ‘Donald Trump presents the Rolling Stones’ [with the band’s name written in miniature].”

“I got out my trusty blade, stuck it in the table and said: ‘You have to get rid of this man!'”

He joked: “Now America has to get rid of him. Don’t say I didn’t warn you!”

Difference between privacy and secrecy

In Uncategorized on 16/05/2018 at 5:55 am

Here’s some really insight comments by an FT reader on the issue of whether end to end encryption of apps like What Appt is good for society.

RunningCommentary 18: I think this dilemma* illustrates a lack of clear thinking around the difference between privacy and secrecy. Encryption is a tool for secrecy and you might wonder why any law-abiding person would need to operate in secret. Shouldn’t respect for privacy be sufficient? But the answer is in the question. Both the state and big business have for some time regarded privacy as an inconvenience. Quite naturally, people are having to protect their privacy with the technologies of secrecy. Privacy is a form of security: security from intrusion, impersonation, misrepresentation, harassment and nuisance. But its not meant to be a cover for wrongdoing. Given respect for privacy: there will be a threshold for intrusion: for example, what the Americans would call probable cause. And given the potential for error and the importance of maintaining respect for private life, intrusions will be questioning and self-critical. There will be cases where national security and personal security are in conflict but is there any reason to suppose that that is the norm. And we don’t need to assume that privacy protection will thwart the operations of the security services. If you haven’t got probable cause what is the likelihood that your scarce resources are being deployed in an effective manner? What is the likelihood that mass surveillance is the answer when the problem is one of targeted surveillance?

CoolDude: Didn’t the Snowden leak show mass survillence?

@CoolDude Quite so. Modern states ignore privacy because it is inconvenient when it comes to mass surveillance. My point is twofold: (1) that privacy protection is not incompatible with targeted surveillance (2) That anti-terrorism is a ‘looking for a needle in a haystack problem’ and therefore implies targeted surveillance.


*Whether privacy overrides security issues.

 

 

S’pore: 15th best city to be uni student

In Uncategorized on 12/05/2018 at 4:52 am

We are in the middle of a 30 city ranking. In Asia, Tokyo, Melbourne, Sydney, Seoul and HK ahead of us. Below us are Kyoto-Osaka-Kobe,Taipei, Brisbane, Canberra, Auckland, Beijing and Shanghai. I’m surprised Edinburgh is at 16th.

The ranking of university cities, rather than the quality of institutions, is produced by the QS higher education group, which publishes the annual World University Rankings.

The ratings are based on factors such as the number of top universities in a city, the local jobs market, the diversity of the culture and the quality of life.

http://www.bbc.com/news/business-44039666

Best Student Cities 2018

  1. London
  2. Tokyo
  3. Melbourne
  4. Montreal
  5. Paris
  6. Munich
  7. Berlin
  8. Zurich
  9. Sydney
  10. Seoul
  11. Vienna
  12. Hong Kong
  13. Toronto
  14. Boston
  15. Singapore
  16. Edinburgh
  17. Vancouver
  18. New York
  19. Kyoto-Osaka-Kobe
  20. Taipei
  21. Brisbane
  22. Canberra
  23. Auckland
  24. Manchester
  25. Buenos Aires
  26. Beijing
  27. Amsterdam
  28. Moscow
  29. Shanghai
  30. Prague

 

What Oxford really says about PJ Thum and Project Southeast Asia

In Uncategorized on 07/05/2018 at 10:44 am

(Or Best not to gild the lily/ Why liddat PJ?“)

In How PAP can tame cyberspace while making money (cont’d) I pointed out that the KPKBing about PJ Thum being roughed up by the PAP adminstration came from some (not many) Oxford academics and not the colleges that comprise Oxford University.

Here’s what Project Southeast Asia says about him:

Thum Ping Tjin (“PJ”) is co-ordinator of Project Southeast Asia, and a Research Fellow at the University of Oxford.

http://projectsoutheastasia.com/people/academics/pingtjin-thum

Here’s what Green Temple, an Oxford college, says about PJ Thum (the only reference on the University’s website about PJ)

Dr Pingtjin Thum, BA, MSc, DPhil
Senior Research Fellow, Sunway University, Malaysia / Research Fellow, Jeffrey Cheah Institute on South East Asia

He’s only visiting leh.

—————————————

Here’s the various types of the Green Temple’s Fellows

Interesting Visiting Fellows roles are not described. Compare that with the descriptions of the others.

—————————————-

Anyway his “real” posts are

Senior Research Fellow, Sunway University, Malaysia / Research Fellow, Jeffrey Cheah Institute on South East Asia

Anyone heard of these? yuenchungkwong?

Not Oxford university entities are they?

And no mention of his role as “Co-ordinator Project Southeast Asia”.

This leads conveniently to Project Southeast Asia. I had tot that Project Southeast Asia is a centre in Oxford like the Centre for Islamic Studies etc i.e. that it’s a corporate entity of the university like the colleges. It ain’t

Southeast Asia is a major player on the global stage, and growing ever more so. Recognising this, the University of Oxford has created Project Southeast Asia, with the ultimate aim of establishing a Centre for Southeast Asian Studies – a home for Southeast Asia in the heart of one of the world’s premier universities. The Project acts as a focal point for academic and research activity, bringing together many of the most distinguished scholars in the field of Southeast Asian studies, together with the best and brightest new academic talent, for the acquisition and dissemination of knowledge about countries in the Southeast Asian region.

While emphasising core disciplines of history, politics/international relations, anthropology, human sciences, medicine, and development studies, it also addresses and offers input into important contemporary issues facing Southeast Asia, such as regional security, infectious diseases, environmental change, ageing and sustainable development. It supports research, student degree programmes, library and archival resources, institutional exchanges and academic events, and ensures that the most talented students, regardless of need, will be able to study Southeast Asia at Oxford.

https://www.ox.ac.uk/about/international-oxford/oxfords-global-links/asia-south-east/asia-south-east-region?wssl=1

Coming back to PJ, here’s a long extract from the constructive, nation-building ST: it spoke to the university’s spokesman. To summarise he is no Research Fellow, only a research associate, who is not an employee of the university.

Historian Thum Ping Tjin is a research associate with Oxford University’s School of Anthropology and Museum Ethnography, said a university spokesman yesterday.

Responding to queries from The Straits Times, Oxford University’s head of communications Stephen Rouse said Dr Thum was awarded a doctorate in history by Oxford in 2011. He added that Dr Thum is a Visiting Fellow of the Fertility and Reproduction Studies Group within the school, and therefore an affiliate of the school.

Mr Rouse also said there are three categories of research associates with the school – anthropologists based in Oxford, recent doctorate graduates of the department, or social scientists based outside the university working with members of the department.

Dr Thum falls into the third category, he said, adding that research associates are not employees of the school or university. “But they are valued colleagues with whom we have shared research interests.”

Oxford’s response came after the Parliament Secretariat yesterday wrote to Dr Thum asking him to “clarify his academic credentials”.

In a press statement yesterday, the Office of the Clerk of Parliament said Dr Thum’s written representation to the Select Committee on deliberate online falsehoods had stated that he was a research fellow in history at Oxford. It noted that there have been varying accounts, citing how Dr Thum informed the committee during the hearing that he held a “visiting professorship in anthropology”, among other things.

ST 14 April 2018

It’s very clear that he was exaggerating his credentials. Funny because a doctorate from Oxford is a many-splendour thing, showing that the S’porean holder is no half-past six, balls licking, broen-nosing academic from a local university, but a patrician in high academic standing. He was gilding the lily and was caught with his pants down.

When I read about him a long time ago, I was suspicious about him calling himself “Research Fellow, University of Oxford” because my understanding has always been that Oxford-based Fellows are attached to a specific college or centre or school. No such thing as University of Oxford Fellow.

Whatever, with enemies like him, the PAP has no problem getting 60-70% of the popular vote.

Sad.

As my mongrel dogs said when I asked them their views on PJ, “To call himself a ‘Research Fellow’ or ‘visting professor’ when he’s only a ‘research associate'”  is like us calling ourselves purebreds: misrepresenting at the very least.”

 

 

 

Fake news spreader on anti-PAP “Press Freedom and Fake News S’pore” panel

In Uncategorized on 06/05/2018 at 10:16 am

When I read this on FB

New Naratif

Editor-in-Chief Kirsten Han speaking at the “Press Freedom and Fake News in Singapore” event, organised by the Community Action Network and Function 8 in commemoration of World Press Freedom Day this week, about fake news, independent journalism, and the politics of foreign funding, alongside Daniel Yap (formerly of “The Middle Ground”), and Braema Mathi (former President of MARUAH).

I couldn’t help but snigger at the irony of having Braema Mathi on the panel.

FB friends of Braema Mathi tell me that if anyone is a spreader of fake news, or more accurately distorted news, it is Braema Mathi. They suspect she doesn’t read a quarter of what she is posting.

Her latest whopper is to post that Roger Moore just died and that she is missing him. He died last yr.

She also recently implied the US used chlorine gas in the retaking of Mosul last year, like what the Syrian govt forces are accused of at Douma. Btw, she thinks that the Syrian govt forces didn’t do it.

She also likes to post articles disagreeing or casting doubt that the Russians were involved in the poisoning of a Russian who spied for the UK and his daughter.

And she hates Trump. But with enemies like him, Trump doesn’t need friends.

She is one of those useful idiots much-loved by Reds like a jnr minister’s uncle and father. He may disagree that they were commies but only in code: FT jnr minister disagrees that “Pa” was a justly detained commie?

Where are his balls?

Coming back to the ang moh tua kee, when Trump wins the Nobel Peace Prize, she’ll go mad. Or finally accept that that prize is BS. I mean Obama got it for being elected POTUS.

Oh and she hates the PAP. But with enemies like her, no wonder the PAP has 60-70% of the vote. At least 30% know BS when they see it.

Btw, she’s a fan girl of PJ Thum. But with fans like her, he doesn’t need enemies. More on how Oxford University describes him and Project Southeast Asia soon. And his “real” academic posts.

 

Wall St: Death Cross coming?

In Uncategorized on 05/05/2018 at 4:58 am

On Friday afternoon, the S&P 500 was up 1.5%  at 2,668 but overall it was slightly down on the week. The Dow Jones Industrial Average was up 1.6% All’s well it seems.

But on Thurs in NY the S&P 500 and the DJI were each down 1.3% at 2,602.92 and 23,605.75, for a time (S&P closed o.2% down while DJ flat )respectively. They were trading below their 200-day moving averages for the first time since early April.

Trading was also volatile on Friday, with both indices off initially before reversing.

Look up waz a Death Cross.

 

Double confirm: Volatility is back from the living dead

In Uncategorized on 01/05/2018 at 5:31 am

Last nite in NY, the S&P 500 ended 0.8% at 2,648, having earlier risen by as much as 0.5% earlier: A 1.3 point move in a single trading session.

“We are controlled and worried enough by women at the present time”

In Uncategorized on 30/04/2018 at 10:40 am

The reason why a British MP opposed the vote for women all those years ago.

— “We are controlled and worried enough by women at the present time, and I have heard no reason why we should alter the present state of affairs.”

He got a point.

LKY should have heeded this reason

— “You have at the present moment certain statistics which show that both the birth and marriage rate are decreasing.

“Can you adopt at this time a policy which might mean an immense destruction of the population of the country which it is essential should not only be retained, but increased.”

But I assume Mrs Lee told him to give womwn the vote or else. Btw, she made sure he ate simple disgestable food. No Straits food from his sisters when she was ruling the roost.

Other reasons other MPs gave for not giving women the vote:

— “Women are tremendously accessible, extraordinarily impressionable, noted for the adoption of any new thing, and for the easy acceptance of other people’s views.

— “Intuition is far more largely developed in women than in men, but instinct and intuition, although good guides, are not the best masters so far as Parliament is concerned.

“Parliament exists for the very purpose of opposing feelings, fancies, and inclinations by reason.”

— “I daresay that the idealism of the feminine mind and its deadly logic which we have all experienced in private life are qualities superior to those of men, but I do say that in governing a great country and in considering the problems which we have to consider every day in this House such qualities are not valuable, but destructive.”

http://www.bbc.com/news/uk-43740033

 

Clinton fixed Clinton

In Uncategorized on 30/04/2018 at 5:53 am

Or be careful what u wish for. It could come true and bit your member.

Bill saboed Hilary because he had urged Trump to run for the Republican nomination expecting that such a run would make things a lot easier for Hilary especially if in the unlikely event Trump became the nominee.

Being too clever by half is a problem for the Clintons. Bill and Hilary tot they had the perfect money making machine when she became secretary of state. He would get donations for his foundation from those who wanted access to her.

Well the money poured in but when the shake down became public (Thanks to the Russians), it made a big dent in her reputation.

Btw, Trump had the best excuse for alleged sexual predations and lewd comments, “What about Bill?”

NTU’s global first in AI

In Uncategorized on 28/04/2018 at 11:04 am

Did u know that artificial-intelligence researchers in Singapore have managed to teach industrial robots to assemble an IKEA chair? And that this is no mean feat? It’s a global first.

More details from the Economist

In a paper just published in Science Robotics, a group of researchers at Nanyang Technological University, in Singapore, report having managed to get a pair of ordinary industrial robots to assemble most of a piece of flat-pack IKEA furniture.

The chair in question was a model called STEFAN. The robots’ job was to assemble the frame. This requires several pieces of dowelling to be inserted into pre-drilled holes before the parts are pressed together. In total, says Pham Quang Cuong, one of the paper’s authors, 19 components are involved.

The robots were off-the-shelf arm-shaped machines of the sort found in factories around the world, combined with a stereoscopic camera that can produce three-dimensional images. A pair of videos released by the researchers show the robot arms making various mistakes, dropping dowelling on the floor or misaligning components, before succeeding at their task after almost nine minutes of slow, careful work.

Even with that abundance of caution, though, the robots needed quite a bit of hand-holding. They were given precise instructions before they started (along the lines of, “Arm 1: take the side piece. Arm 2: grab a dowel. Arm 1: rotate side piece so that hole is pointing up. Arm 2: insert dowel into top-left hole.” And so on.). Before the nine minutes of assembly began, the robots spent a further 11 minutes scanning their environments and planning the movements needed to carry out these instructions, before they tried to execute them. Moreover, though the larger components of the chair were scattered around at random, meaning the robots had to use the camera to identify them by comparing them with electronic representations loaded into a database, the dowels were gathered together and placed upright in a container.

The result is, nevertheless, sufficiently impressive, says Dr Pham, for his research group to have received considerable interest from industry. In future he and his colleagues hope, gradually, to remove the robots’ training wheels. One idea is to get the machines to learn what to do for themselves by watching a human being assemble the chair. Given the difficulties that many people apparently have with IKEA’s products, that may, however, also teach them how to toss the whole thing aside in frustration.

https://www.economist.com/news/science-and-technology/21740733-cower-your-silicon-overlords-puny-humans-robots-can-assemble-ikea

But a human could do it a lot faster, leading the Economist to say this

highlights a deep truth about the limitations of automation. Machines excel at the sorts of abstract, cognitive tasks that, to people, signify intelligence—complex board games, say, or differential calculus. But they struggle with physical jobs, such as navigating a cluttered room, which are so simple that they hardly seem to count as intelligence at all. The IKEAbots are a case in point. It took a pair of them, pre-programmed by humans, more than 20 minutes to assemble a chair that a person could knock together in a fraction of the time (see article).

Wall St’s feverish blues

In Uncategorized on 27/04/2018 at 5:10 am

In New York on Thursday, the S&P 500 rose 1% to 2,667, helped by FB’s results. Intel’s great results should help on Friday.

Earlier in the week, market was in the dumps because as NYT’s Dealbook put it

— Alphabet investors appear worried about its spending on new businesses. Could that drag down other tech giants?

— 3M met expectations, but lowered the high end of its earnings guidance. Its stock tumbled 8.5 percent.

— Caterpillar beat expectations — but its stock sank after it too issued a gloomy earnings forecast.

— The yield on the 10-year U.S. Treasury note broke through 3 percent, raising concern about how reliant the U.S. economy is on low interest rates.

— Trade war jitters haven’t gone away.

Rallies are being sold, while dips no longer attract buying.

(Last line added at 5.40am.)

If Coldstore detainees had gained power (Cont’d)

In Uncategorized on 25/04/2018 at 11:10 am

We’d have free HDB flats and a dead property market if the Coldstore detainess had won power I wrote in If Coldstore detainees had gained power.

Here’s more about what would happen if they had gained power.

We’d have Socialism, going by what they said at the time then and since.

But the trouble with Socialism, Margaret Thatcher once said, is you eventually run out of other people’s money.

Don’t believe me?

— Ghana that at independence was richer than Malaya but now https://www.graphic.com.gh/features/features/why-malaysians-equal-ghanaians-but-their-economy-is-10-times-better-than-ghana-s.html.

— And see Cuba: Now that Venezuela can’t afford to subsidise Cuba, Cuba suffering. Happened before when the USSR collapsed and there wasn’t money from the USSR coming in to allow Cuba to have free everything: healthcare, education etc. Our Coldstore detainees would have asked China to pay for these freebies in return for turning S’pore into a red dot.

I lived in London juz before Thatcher came into power. And it left me in no doubt that socialism wasn’t working in the UK. Taxes were high but the govt was struggling to provide basic services (though the health system was really great).

In particular one reason the govt was failing to provide basic services was because public sector unions were forever striking for money pay.

And private sector unions were just as bad. There was a strike by baking staff in London which deprived us Londoners, of freshly baked bread for weeks.

Another major problem with socialism is that it panders to the unions,

We had a foretaste of the power of unions here: always on strike (May Day 1961).

Be happy that Harry, Dr Goh and friends gave up very early their infatuation with socialism.

Capitalism kicks trade unions (think Thatcher and the US) in the balls while Communism and Fascism castrate them (think NTUC and the PRC unions) into being part of the constructive, nation-building system.

Airnnb: More arrogant than Uber

In Uncategorized on 25/04/2018 at 7:02 am

This

the Urban Redevelopment Authority (URA) has proposed in a regulatory framework for using private homes as short-term accommodation (STA).
Read more at https://www.channelnewsasia.com/news/singapore/airbnb-accommodation-proposal-ura-rental-cap-consent-rule-10141664

reminded me that Airnnb thinks ang moh tua kee

Home-booking company Airbnb is willing to make some concessions on short-term rentals in Singapore in an attempt to appease concerns of the government, a top executive said on Monday (Mar 5).

Read more at https://www.channelnewsasia.com/news/singapore/airbnb-willing-to-make-concessions-in-singapore-policy-chief-10015636

This show of arrogance came after two Singaporean Airbnb hosts pleaded guilty to unauthorised short-term letting in the first such cases under new rules introduced in Singapore last year on short-term property letting. They were fined a total of S$60,000 each.

Well going by URA’s tots, Airbnb’s ang moh tua kee attitude is not helping them because

— Private apartment and condominium owners who want to rent out their homes for short-term accommodation will be able to do so for 90 days a year provided they fulfil several requirements, including obtaining 80% consent from owners within a development and registering their guests’ details.

— URA has already stated that it is unlikely to approve landed properties

Never mind I’m sure Kirsyen Han and other S’porean ang moh tua kees can be counted on to champion Airbnb’s continued flouting of our laws.

A New Zealand family of four who turned up at Caribbean at Keppel Bay expecting to pick up apartment keys for a four-night stay booked on Airbnb were devastated when they were told such short-term rents were outlawed.

“We proactively encourage all hosts to consult local laws and regulations before listing their property on Airbnb,” said its head of public policy for South-east Asia, Ms Mich Goh.

Err Ms Goh why doesn’t Airbnb juz not list accomodation here? Instead of putting the blame on the govt

On the Haynes family’s case, Ms Goh said: “This is further evidence of the need for a regulatory framework that reflects how people increasingly want to travel.

“We are optimistic that our community of hosts and guests will get the clarification it needs within the next two weeks when the Government publicly shares its proposed short-term rental rules and begins its public consultation on the matter.”

Maybe the govt should throw Ms Goh into prison and let Kisten Han KPKB.

Because maybe Airnbnb is a friend of those who want to see an end what they see as illiberal democracy or worse here: S’pore: An illiberal democracy?.

ISD should call in Ms Goh for an interrogation.

Good point by TRE poster that Oppo needs all sorts

In Uncategorized on 24/04/2018 at 10:54 am
When TRE republished TRE poster asks “Why save when struggling?”/ Corporate raiders and change there were the usually cybernut ranters saying I was part of PAP IB because I lamented the lack of enough Oppo “good men” when compared to nuts like Mad Dog, Meng Seng and M Ravi.
But there was the following post which made a good point: horses for courses
you need all:

We need more people like Dr Paul, Terry Xu, Sonny Liew, Chris K, Tay Kheng Soon, Yeoh Lam Keong, Cherian George, Donald Low, Alex Au, Mohamed Imran Mohamed Taib, Tan Tarn How and Remy Choo.//

aiyoh. you need all lar.

one group will have to be in the front line pushing the boundaries and incur plenty of casualties lar.

so that another group behind the front line will be able to move forward to claim victory lar.

just like 4-to-20 stars generals in air-con room need daft soldiers (mad dogs ?) to fight the actual war in order to claim victory unharmed lar.

Now I don’t accept his point that all generals are useless (though “paper” generals who as corporate CEOs can’t get trains to run on time or sell the biz when the biz cycle is turning are useless). Just look at the battles where a good general made a grat difference: the battle for France in 1940, Tet 1968, Napoleon’s victories etc etc.

But I accept his point that while we need good men like

Dr Paul, Terry Xu, Sonny Liew, Chris K, Tay Kheng Soon, Yeoh Lam Keong, Cherian George, Donald Low, Alex Au, Mohamed Imran Mohamed Taib, Tan Tarn How and Remy Choo,

we also cannon fodder like newly promoted Wanker-in-Chief Pritam Singh, M Ravi, Roy Ngerng and Seelan Palay. What we do not need is a Mad Dog who is also the leader of an Oppo party. And we certainly do not need opportunist sabo kings like Meng Seng, TKL and TJS. 

SMRT: Desmond was economical with the truth isit?/ New job?

In Uncategorized on 23/04/2018 at 9:57 am

In January, Kuek said publicly that rumours of his resignation were speculative: neither denying nor confirming it.

But last week

The Straits Times understands that the search for a new chief executive (of SMRT) was initiated when Mr Kuek, 55, offered to resign soon after last October’s tunnel-flooding incident.

Constructive, nation-building ST

Because SMRT decided to look for a new CEO last October, this means that when Kuek said in January rumours of his resignation were speculative, that that comment was a lot of bull. He had offered to resign and SMRT was looking for a new CEO. He was on his way out. Nothing speculative that he was on his way out.

Whatever, the tunnel-flooding was the proverbial straw that broke the camel’s back.

Coming back to Desmond. Given his skill in being economical with the truth he should replace s/o Devan Nair as the PAP administration’s chief of communications. S/o Devan Nair has been doing a lousy job in spinning the “right” narratives.

SMRT: Driven to drink?

In Uncategorized on 22/04/2018 at 11:12 am

The constructive nation-building ST reported that an SMRT executive, a Mr Kek, was arrested for drink driving. A former Chief Engineer Officer with the SAF, Mr Alvin Kek, is SMRT Trains chief operations officer (rail). Alvin Kek was previously SMRT’s senior vice president for rail operations (North South East West Lines).

New boss coming, so afraid for job isit? But a poster on FB said his father died recently. Well if that’s an IB excuse, then sure got a lot of S’poreans can use this excuse.

Or maybe the job is so tough that it got him arrested for drink driving?

What do you think drove him to get arrested for a drink driving?

S’pore could host “Stable Genius” and “Little Rocket Man”

In Uncategorized on 20/04/2018 at 11:13 am

The u/m graphic from the BBC shows that experts think that S’pore is a possible venue for the summit between “Stable Genius” and “Little Rocket Man”. If this happens, mud in the eye for the siblings of PM and their anti-PAP allies. Lots of face for PM and S’pore.

Trump madder than Mad Dog

In Uncategorized on 19/04/2018 at 4:28 am

James Matiss, the US Defence Secretary, had the nick-name “Mad Dog”. But as the BBC reports

The Daily Telegraph reports that President Trump considered a strike three times bigger than was launched on Syria last week – but was dissuaded by his defence secretary, James Matiss.

It highlights claims in the US media that the proposed attack could potentially have included targeting Russian air defence systems – as well as Iranian targets.

The reports say Mr Trump and his UN ambassador, Nikki Hayley, were both pushing for a more robust strike, but that Mr Mattis urged caution, warning of an escalation by Russia or Iran.

Btw, Obama fired Mattis as Commander Central Command (which covers the Middle East) because Obama tot that Mattis was provoking the Iranians into attacking US forces so that he could hit back. But then Obama was Wimp in Chief.

And given that Trump loves chaos (Trump is channelling Sun Tzu) he should adopt as Airforce One’s call sign “Chaos”: that was Mattis’s call sign.

Interesting takes on FB

In Uncategorized on 14/04/2018 at 4:39 am

Brian Chen’s reaction to what data Facebook had collected about him: “Yikes.” How the company targets you for advertising. Craig Newman argues in Another View that companies should be graded on their data security.

NYT Dealbook

What is “work”?

In Uncategorized on 12/04/2018 at 4:10 am

Komlosy identifies three very different historical attitudes towards work. The first, common in ancient Greece, was that work was a burden that had to be overcome so that we could lead a contemplative life. The second, espoused later by the Jewish, Christian and Islamic faiths, was that work was not a cursed punishment but a blessing from God. The third view, championed by the labour and women’s movements in the 19th century, was that work could be transformational, turning toilsome effort into creativity and social alienation into self-actualisation. The advocates of a basic income sometimes argue that we need to reacquaint ourselves with the contemplative life of ancient Greece — only this time including more than just a small male elite. We have the wealth, knowledge and means to fix the future. But, first, we will need to redefine what we mean by human work in our robot world.

The Last 1,000 Years, by Andrea Komlosy, Verso, RRP£16.99/$26.95, 272 pages

FT review

Me? I agree with the ancient Greeks that work was a burden that had to be overcome so that we could lead a contemplative life.

My Bumi boss once said I never did an honest day’s work. He said hard to believe I was Chinese.

Applied Learning BS

In Uncategorized on 11/04/2018 at 4:06 am

I can’t stop laughing

Imagine this scenario – a teacher gives the following math problem sum to his students: “There are 15 crows on a tree. One is shot. How many are left?”

Student A responds that the answer is 14. Student B responds zero. Who is correct?

In a traditional system, Student A would have gotten the full mark and Student B zero. But Student B’s reasoning that in a real-life situation, all the (remaining) crows would have flown away right after and that there would be zero remaining on the tree, is not wrong.

Call it being street-smart versus exam-smart. Does our current education system encourage and accept such lateral thinking?

Read more at https://www.channelnewsasia.com/news/commentary/applied-learning-dna-education-not-rote-learning-10049832

The writer of : “Call it being street-smart versus exam-smart. Does our current education system encourage and accept such lateral thinking?” this is stupid.

There is no “correct” answer. A “good” i.e. “appropriate” answer depends on the context of the questuin.

As it’s a maths class, Student B is the idiot. He should know that as it’s maths class, the answer  is 1.

Now if he and Student A were being interviewd for a scholarship (say Overseas Merit), his answer of zero is the kind that is expected. Then Student A is the stupid one for giving the mathematical answer

The “correct” answer depends on the context within which the question is asked.

Does our current education system encourage and accept such lateral thinking?

It does if you attend RI or other real elite school.

 

Misleading, deceptive use of pix of vanilla pod or flower

In Uncategorized on 10/04/2018 at 4:55 am

Careful when u see pix of vanilla pod or flower on the packaging of a vanilla flavoured ice cream or other food product.

Using spent beans allows foodmakers to list vanilla beans as an ingredient and put a picture of a vanilla pod or flower on the packaging, although the actual flavour may come from a non-vanilla bean source.

FT

The difference US$150 versus US$600 (if real beans are used). Price of vanilla beans has risen and risen while synthetic vanilla flavouring costs “peanuts”.

Me? I add synthetic vanilla flavouring to my daily cuppa of tea alongside evaporated milk that could contain soya (slightly cheaper than real evaporated milk but there’s no difference in taste).

Real reason why Uber lost to Grab

In Uncategorized on 09/04/2018 at 11:18 am

God was on the side of the cross-wearing, humble Grab co-founder.

The first thing you notice about Anthony Tan is that he wears a big silver cross around his neck …

He credits his strong belief system for much of his success, and even in his language, the word “serve” comes up numerous times.

“If there’s any one thing I would love that people remembered me for would be hey, Anthony… was a true servant leader,” he told me in his offices in downtown Singapore.

http://www.bbc.com/news/business-43667202

God actually didn’t have much of a choice in deciding to help Grab. After all, on the other side was Uber, a  company that seemed to want parody and mock Google’s “Do no evil” moto by deliberately “Doing evil”.

It

— employed a felon to monitor a driverless car that killed a pedestrian,

— used illegal software to secretly “fix” its competitors, regulators and its drivers,

— used thuggish tactics to intidimate its competitors, regulators and its drivers,

— illegally obtained the medsical reports of a lady who alleged a Uber driver raped here with the intention of using the info to discredit her,

— tried to outspend its rivals hoping to bankrupt them (Didn’t work in US of A, and it lost in Russia, China and SE Asia, and

— treated female staff as playthings.

Meanwhile Grab’s co-founder prayed to God.

Local academics propogate fake news?

In Uncategorized on 06/04/2018 at 3:19 pm

Our brown-nosing constructive nation-building academics presented at the recent Select Committee hearings on Deliberate Online Falsehoods,

an alarming scenario of disinformation campaigns launched by foreign actors bent on attacking the island state, of cyber armies in neighbouring Malaysia and Singapore working as proxies for other countries in undermining national security.

Did they produce any evidence?

But the actual examples of fake news which have come up during this national debate have mostly been prosaic; a hoax photo showing a collapsed roof at a housing complex, which sent officials rushing unnecessarily to the scene; and an erroneous report of a collision between two trains on the light rail transit line.

As the BBC reporter wrote

Irritating and worrying for some, for a while, but hardly likely to bring Singapore society to its knees. In any case both Singapore and Malaysia already have plenty of laws capable of penalising false, inflammatory or defamatory comment.

http://www.bbc.com/news/world-asia-43637744

So, as far as I’m concerned the row on Coldstore between PJ Thum and our brown-nosing constructive nation-building academics is “The unspeakable in pursuit of the uneatable!” (Re Oscar Wilde)

Or  “A plague o’ both your houses!” (Shakespeare)

Btw, have to tell u that the reporter also said

It also gave Singapore academics and officials an opportunity to snipe at the US belief in free expression, the “marketplace of ideas”, which had allowed the abuse of personal data on Facebook to take place, in contrast to Singapore’s “better safe than sorry” belief in a more tightly regulated society.

F9: Education Minister Ng Chee Meng

In Political governance, Public Administration, Uncategorized on 05/04/2018 at 10:47 am

Ong Ye Kung minister of Education (Higher Education and Skills) talks the talk reflecting the latest ang moh thinking, example

Singapore’s education system should, as far as possible, reflect the real world that our children are going to grow up and live in. That is why the Government is making changes to take the emphasis away from just academic grades, said … Ong Ye Kung.

But the other education minister (Ng Chee Meng is responsible for schools) doesn’t seem to have a clue about the latest trends in education.

From the PAP’s bible (PAP’s bible challenges “market-based solution”):

EVERY year in Singapore 1% of pupils in the third year of primary school bring home an envelope headed “On government service”. Inside is an invitation to the city-state’s Gifted Education Programme. To receive the overture, pupils must ace tests in maths, English and “general ability”. If their parents accept the offer, the children are taught using a special curriculum.

Singapore’s approach is emblematic of the traditional form of “gifted” education, one that uses intelligence tests with strict thresholds to identify children with seemingly innate ability. Yet in many countries it is being overhauled in two main ways. The first is that educationists are using a broader range of methods to identify highly intelligent children, especially those from poor households. The second is an increasing focus on fostering the attitudes and personality traits found in successful people in an array of disciplines—including those who did not ace intelligence tests.

New research lies behind these shifts … The research also suggests that the nature-or-nurture debate is a false dichotomy. Intelligence is highly heritable and perhaps the best predictor of success. But it is far from the only characteristic that matters for future eminence.

https://www.economist.com/news/international/21739144-new-research-suggests-new-ways-nurture-gifted-children-how-and-why-search-young

It’s impt to kick Ng’s ass because according to the Economist”new research”

shows that countries which do not get the most from their best and brightest face big economic costs.

Ong should show that he can be PM by telling off Ng for sticking to outdated practices and theories (like PSLE). He should remember that Harry became PM by showing S’poreans that Lim Chin Siong was “wrong”.

Now this is volatility

In Uncategorized on 05/04/2018 at 5:13 am

On Wednesday, the S&P 500 swung from 1.6% fall to 1.2% gain in the course of the day’s trading.

FT jnr minister disagrees that “Pa” was a justly detained commie?

In Uncategorized on 04/04/2018 at 10:19 am

Yesterday, I ended Coldstore: Why Harry’s narrative or the highway promising to explain why I thought an FT jnr minister

disagrees with the the official narrative of  “Bunch of commie subversives who had to be locked up because they wanted to make S’pore Great for Communism” when it comes to his Pa ans uncle.

Here’s my reasoning.

In his parly maiden speech,

Dr Janil Puthucheary said while he felt it inappropriate to detain a citizen without trial, he is convinced by the hard logic that the safety and security of Singapore must be paramount. That’s because there are threats that Singapore faces and which must be dealt with swiftly and decisively.

But he wants to know what safeguards are in place to prevent the ISA from being abused.

Dr Janil said: “I believe I share this view with many Singaporeans; we understand the need to ensure our security despite our misgivings, we recognise the cold hard facts despite the uncomfortable feeling they generate. However, we lack confidence and assurance that the extraordinary power of a State to detain its own citizens without trial will not be abused.

“The process of the safeguards around the ISA needs to be discussed in a more transparent manner, even as the facts associated with a given detainee need to be kept secret. We need to know that the review process works and operates independently of Cabinet. We need to see that the President exercises his authority on this issue.”

Dr Janil asked if the Ministry of Home Affairs (MHA) will be introducing further measures to enhance these safeguards and to what extent can the decisions of Cabinet be challenged.

CNA

Did he by saying

— “we lack confidence and assurance that the extraordinary power of a State to detain its own citizens without trial will not be abused”

— “The process of the safeguards around the ISA needs to be discussed in a more transparent manner”

imply that the use of ISA against his Pa and his uncle were an abuse of power? And that they were innocent of the allegations made against them.

To me, it sounds reasonable to say it sounded like he was trying to imply that

— the use of ISA against his Pa and his uncle were an abuse of power, and

— they were innocent of the allegations made against them.

Anyone knows whether in in the public records* there is anything about what jnr minister’s Pa and uncle (also detained in Coldstore) tot about their detentions. I can’t find anything where they KPKBed about being wrongly detained*. They were released and sent  back to M’sia. And they became distinguished (and filthy rich) lawyers there.

Related post: Were the Coldstore detainees communists, progressives or leftists?


*I can’t remember if they were interviewed in Men in White: don’t have a copy at hand. Should get it as reference book because

The Straits Times backed by four researchers conducted some 300 interviews in Singapore, Malaysia, Thailand, Hong Kong and China.

Wild West for insider trading

In Uncategorized on 03/04/2018 at 4:02 am

Head for Texas and cross the Rio Grande.

No need to go to jail even if convicted for insider trading, which is unlikely. Only fined “peanuts”.

https://www.bloomberg.com/news/articles/2018-03-22/insider-trading-paradise-where-no-one-worries-about-jail-time

How PAP responds to criticism

In Uncategorized on 02/04/2018 at 9:16 am

Cyberspace is KPKBing about the attacks by PAP MPs on PJ Thum*, Terry Xu etc before parly’s select committee on falsehoods.


Reliable evidence?

This is what my FB avatar posted when Kirsten KPKBed about the attack on PJ Thum

Go read about the paper he submitted. They had every right to ask him the questions they asked him about Coldstore. Anyway based on newspaper report, I now know why he never referenced the views of certain known Communists when he analysed Coldstore. (I read his stuff). He thinks they are unreliable. So an issue when analysing his views is whether he’s right or reasonable to dismiss the views of said Communists.

This is what Chris K says about using what Communists said

Whatever the commies said or wrote, especially b4 the fall of the Berlin Wall, should never be taken as evidence. Marxist ideology was essentially based on historical dialectics, corrupted into their own version, Dialectic Materialism which brought “material” into the theory that history proceeds from conflicts and resolution of social forces. Therefore the commies had regarded that their ideology was “scientific” and therefore inevitable. The trouble was when history proceeded contrary to the way they read the tea leaves, they edited or erased history. The result was lies upon lies.

—————————————————————————————————

And then there is this attack on the PAPpies

Well. This is blistering. Can you sieve the facts from fiction, the specifics from the generalisations? What is true is that it is difficult to navigate the thicket of laws we have. The PAP group would have done better to give a point-by-point reply rather than casting everything as deliberate online falsehoods. That’s the way to win an argument, rather than have it shut down. And nobody should consider it a waste of time and inconvenient, because there will also be people who are willing to hear all points of view and decide for themselves.

Wannabe ST editor attacking PAP’s attack on Human Rights Watch report on S’pore

She of all people should know the PAP way: after all once upon a time she, as an ambitious senior editor in ST, helped facilitate such attacks. It’s alleged she resigned from ST when she didn’t become ST’s editor. Whatever, she walked away from the Dark Side only after she left ST and SPH group. Then she showed her Jedi sight?

Sorry back to the PAP.

PAP calls its opponents’ names. It also makes ad hominem attacks on the opponent. It KPKBs about the opponent’s tone. It contradicts without facts. And its IB changes Wilipedia articles (Example IB changes to PJ Thum’s Wikipedia entry).

arguments

Update at 4.34 pm In response to “Anyone can attribute this exhibit?”, Amelia says

The diagram is based on Paul Graham’s work. http://bigthink.com/paul-ratner/how-to-disagree-well-7-of-the-best-and-worst-ways-to-argue

 

Trump is channelling Sun Tzu

In Uncategorized on 02/04/2018 at 5:06 am

Sounds ridiculous that Trump follows Sun Tzu’s precepts? After all he doesn’t read.

But remember “quickness is the essence of war”, and Sun Tzu talked about behaving “without ascertainable shape” to confuse the enemy.

Well Trump acts quickly and uses chaos to confuse friend and foe. He loves chaos.

And he has a point. According to an FT columnist US military strategist John Boyd  talked four decades ago about the use chaos

Create enough chaos and you could completely paralyse your foe. If the chaos made life uncomfortable for your own side, no matter.

Btw, Mad Dog Mattis, Trump’s defence secretary used the call sign “Chaos” when he was a general. Obama sacked him from Central Command (responsible for US military involvement in the Middle East) because Obama had no balls. Mattis believed in responding to Iran’s provocations. Obama preferred to swallow mullah’s sperm.

More dirt on Uber’s driverless cars/ “Do no evil” is better option?

In Uncategorized on 30/03/2018 at 4:23 am
From NYT Dealbook

Uber said it would not renew its California permit for self-driving vehicle tests until investigations were complete in Arizona. And it’s facing questions over a decision to scale back on safety sensors.

Critic’s corner: Timothy B. Lee argues in Ars Technica that Uber should sell its self-driving project, which needed a firm with a “methodical, safety-oriented culture.”

But Waymo (related to Google) still intends to put thousands of self-driving cars — customized Jaguar I-Paces, to be precise — on the road over the next two years.

 

More on why only a Uber car killed a pedestrian

In Uncategorized on 29/03/2018 at 4:39 am

The Economist reported that the car was doing 0ver 60 mph in in 45 mph zone. Where was the criminal driver? He really is a criminal: Why only a Uber car killed a pedestrian.

NYT Dealbook further reported

Even before a pedestrian was killed in Tempe, Ariz., Uber was struggling with its autonomous vehicle efforts, needing human intervention nearly every 13 miles on average in Arizona tests. Those technical issues made being an operator of Uber’s cars very stressful.

So they employed a criminal? Why only a Uber car killed a pedestrian.

BBC reported

Uber has been forbidden from resuming self-driving tests in the US state of Arizona.

The car-hailing company had already halted its trial after one of the vehicles involved struck and killed a pedestrian a week ago.

The state’s governor wrote to the firm on Monday saying there had been an “unquestionable failure” to make safety the top priority.

Why only a Uber car killed a pedestrian

In Uncategorized on 27/03/2018 at 4:22 am

The human in the Uber self-driving car that killed a woman in Arizona was a felon with a history of traffic citations who wasn’t watching the road.

NYT Dealbook

Glad that Grab kicked them out of this region.

Smart Peenoy

In Uncategorized on 24/03/2018 at 5:06 am

SM, a big mall operator in the Philippines,  is building call centre offices beside its malls to make it easy for their employees to pop in and spend.

The problem with Ownself pay Ownself a lot

In Uncategorized on 19/03/2018 at 4:38 am

How can I pay myself extravagant amounts and then expect those at lower levels to keep a close eye on costs?

Helmut Maucher, Nestlé chief executive, 1927-2018. He died recently.

Helmut Maucher was as good a leader as Harry, Dr Goh and the other PAP Old Guards.

Harry and gang led the transformation of S’pore from a port to a prosperous city-state. Mr Maucher made Nestlé great.

Nestlé was two-thirds the size of Unilever in 1981 when he was appointed Nestlé’s chief executive. When he retired in 2000,  it was double its rival’s size by market value. For the record, in 1990, he added the title of chairman, a position he held until 2000.

.

 

 

When to call lawyer, banker

In Uncategorized on 18/03/2018 at 4:23 am

When you owe a little bit of money you call your banker to pay it. When you owe a lot of money you call your lawyer to get out of it.

(FT quoting a Mr Russo)

Mr Russo was Lehman Brothers top legal officer

PAP S’pore is truly unique

In Uncategorized on 17/03/2018 at 10:39 am

An Economist blogger talks about the difference between “open” and “closed”society and the difficulties entailed in such distinctions. A “problem is that different forms of openness do not automatically go together”:

An international example of the way that open and closed can go together in complicated ways is provided by Singapore. The island state is one of the most open economies in the world when it comes to commerce: the regional headquarters of global companies overlook one of the busiest harbours in the world. But it is much more qualified when it comes to other parts of the “cosmopolitan” formula. A highly meritocratic elite plans the economy by deliberately moving it up the value chain. Democracy is “managed”. The state clamps down on poor habits such as littering.

https://www.economist.com/blogs/bagehot/2018/03/globalisation

Auntie’s behaviour: Why PAP can hang her

In Uncategorized on 15/03/2018 at 10:06 am

If they want to. But will they dare?

But first, Grace Fu is that cock meh that she had to take advice from AG?

The law is simple. Parliament decides what is parliamentary privilege.

The Court of Appeal in 1988 upheld the ruling by the Parliamentary Committee on Privileges by against one JBJ on the ground that Parliament was empowered by the Constitution to decide on what was covered by parliamentary privilege and to punish an MP if the Committee held that the MP had abused his or her privilege or were in contempt of the Committee or Parliament.

Therefore, it was up to the Committee and not the Courts to decide whether JBJ was covered by parliamentary privilege.

Parliament is judge, jury and executioner, the court effectively said, reflecting the common law position that is is still applicable in the UK.


Is this what AG advise?

Secret Squirrel and Morocco Mole claim to have seen AG’s advice on the matter.

They claim that AG referred to the Court of Appeal ruling in 1988 upholding the ruling by the Parliamentary Committee on Privileges by against one JBJ. The CA said that Parliament was empowered by the Constitution to decide on what was covered by parliamentary privilege and to punish MPs if the Committee held that such MPs had abused their privilege or were in contempt of the Committee or Parliament.

That the AG said is the law of the land. Well at least that’s what Secret Squirrel and Morocco Mole said the AG said.

——————————-

And because Parliament is judge, jury and executioner, therein lies the political danger for the PAP if the PAP decides to “fix” Auntie because if even a PAP voter cheers on Auntie, says Fu talking cock, there’ll be many more S’poreans (many not anti-PAP) that will agree with this anti-PAP cybernut

HarderTruths:

Does anyone remember JBJ and CST plus Amos. It does not matter what you do, as longas you stand up to these bunch of bullies you are done for.

if Auntie kanna whack by the Parliamentary Committee on Privileges.

Tan Cheng Bock, as usual, gets it about right. He posted on FB

BE GRACIOUS IN PARLIAMENT

Having watched the video on the GST debate, I felt the PAP ministers especially Shanmugam were brow beating MP Sylvia Lim by demanding an apology for asking whether the government postponed the GST hike because of negative public feedback. Many people perceive this brow beating as arrogance. I remember our former Prime Minister Lee Kuan Yew once told all PAP MPs in 1988 “Any show of arrogance or indifference by any MP or Minister will erode confidence in him and, later, in the government.”

Instead of getting upset, the Ministers should be thankful Sylvia Lim gave them an opportunity to explain. If the government’s position is ‘no’ then just say no and let’s just stop at that. No need to get defensive. As PM Lee Hsien Loong rightly said at the close of the Oxley Road debate: “If MPs believe that something is wrong, it’s an MP’s job to pursue the facts and make these allegations in their own name, decide whether something seems to be wrong, and if you think something is wrong, even if you’re not fully sure, then come to this House, confront the Government, ask for explanations and answers.” I enclose a video clip of Sylvia Lim quoting PM Lee.

PM Lee was echoing the view of our former Prime Minister Lee Kuan Yew who said “All MPs new and old, should speak out. You have to speak up and bring out the grapevine criticism in the coffee shops and hawker centres. It is damaging for the government not to openly refute it with facts and argument. By bringing up apparently embarrassing issues, you help the government openly state the facts and explain the reasons for our policies and so continue to hold the ground.”

So be gracious, no need to over-react or ask for any apology for bringing out “grapevine criticism” or “apparently embarrassing issues” in Parliament.

Sad that I can’t call him “My president”. For that blame Goh Meng Seng and Tan Kin Lian

Goh Meng Seng, our very own Wu Sangui

Remember he was

the guy who helped (Was he paid? Or did he do it out of the goodness of his heart because he loved the PAP?) the PAP’s preferred candidate to win in PE 2011 by

— persuading TKL to run;

— then running a shambolic campaign for TLK;

— and then saying he had to go to HK for a job interview,

Meng Seng wants us to kowtow to Xi

Silence of Goh Meng Seng

In Uncategorized on 14/03/2018 at 11:31 am

Can u hear the deafening silence?

We have yet to hear

Image result for Goh Meng Seng

come out to join Grace Fu and Indranee Rajah (The reincarnation of the  Wicked Witches of West and East  from the Land of Oz?) in calling Auntie “dishonourable” etc. Already s/o JBJ has come out to slime Auntie and the WP (and to be fair the PAP) over Auntie’s remarks on “test ballons”.

Seriously for a supposed Oppo party leader, he (Meng Seng not s/o JBJ) spends more time attacking other Oppo parties’ leaders than the PAP.

—————————————-

Goh Meng Seng, our very own Wu Sangui

Remember he was

the guy who helped (Was he paid? Or did he do it out of the goodness of his heart because he loved the PAP?) the PAP’s preferred candidate to win in PE 2011 by

— persuading TKL to run;

— then running a shambolic campaign for TLK;

— and then saying he had to go to HK for a job interview,

Meng Seng wants us to kowtow to Xi

Btw, in the above link, he slimes WP Low whom he called his sifu in the past. What an ungrateful apprentice*.

—————————-

Whatever he has form in sliming Auntie. Years ago when Auntie and Quah Kim Song became an item, when other S’poreans were wishing them well, he was sliming Auntie. Citing “the bigger picture”, he called her names for disgracing the Oppo by her relationship. Come on: Quah was a widower and Auntie was single. So waz wrong? But no Meng Seng slimed her.

So it’s really surprising that he is so quiet on this issue. Maybe thirty pieces of silver have yet to be paid into his bank account?

——————————–

*Btw, Goh Meng Seng was looking for apprentices after last GE

End of Journey Start from Fresh

I believe many opposition politicians from my generation feel the same way, we might have come to the end of our political journey in the sense that, in view of the current electoral results, we may not be walking into parliament during our lifetime.

However it doesn’t mean we should end here. It would be overly pessimistic that opposition politics will have no more hope. Politics is a long drawn battle.

We may have come to our end of journey but we have to lay the Foundation for the future generations of politicians and activists to take over the baton. We just have to pass it on.

So hang on there my fellow opposition politicians. We still have unfinished business to do a proper handover.

http://singaporealternatives.blogspot.sg/2015/09/end-of-journey-start-from-fresh.html

Wonder if Low Wai Choo became one? She stood with him in the GE.

In 2016, she was fined $450 each for public nuisance. I think she was involved in Roy Ngerng’s and Loh Han Hui Hui’s (Remember them?) savaging of autistic children at Hong Lim Green.

 

NYT compares Xi to our Harry

In Uncategorized on 14/03/2018 at 5:42 am

Mr. Trump’s unpredictability has helped cast China as a more stable superpower. And changes to the Chinese Constitution that allow President Xi Jinping to govern indefinitely could usher him into a global club of autocrats alongside leaders like Lee Kuan Yew of Singapore and Vladimir Putin of Russia.

NYT Dealbook

Given Meng Seng wants us to kowtow to Xi and his dislike of LKY, he must feel conflicted.

PAP voter cheers on Auntie, says Fu talking cock

In Political governance, Uncategorized on 10/03/2018 at 11:28 am

Here’s two FB posts by a senior lawyer who admitted that he voted for the PAP in past elections

I think that Minister Grace Fu should drop the threat to refer to the Committee of Privileges.

Such a display of arrogance and high-handedness doesn’t impress me, and should not impress Singaporeans.

The facts are this, simply.

The G has said since 2013 that revenues must be raised. I was long aware of PM’s comments at the time. So we know that taxes are going up at some time in the future, but not when.

I was also aware of DPM’s 2015 remarks that the G had enough revenue for the decade. This implied that GST might not need to be raised this decade but it was not a clear, direct and explicit promise not too. Neither was PM’s remarks at the 2017 PAP Convention a categorical promise or confirmation.

The was much discussion in 2017 about an impeding announcement of a GST increase, promoted at least in part by PM’s and Minister Heng’s remarks.

Many economists speculated about the timing of the GST increase. Many of them thought it would be this decade, notwithstanding the G’s earlier comments.

For myself, I was not sure what the G would announce in Budget 2018. I expected an announcement of GST to be raised, but I had no confidence whether it would be after or before 2021.

Does this mean that I thought the G dishonest in its earlier comments?

No, not at all, because while earlier statements were made about having sufficient revenue for the decade, these statements did not amount to a clear promise not to raise the GST in this term of government.

If the G thinks the earlier remarks were clear and categorical, so that citizens could have no doubts, how does it explain why so many reputable economists were willing to entertain thoughts of an increase this decade?

And later

Having read all the transcripts, Minister Fu’s ability to understand the debate seemed dodgy at best. As Bertha has written elsewhere, she seemed out of her depth and one has to say that this impression is not without basis.

For example, she deplored the fact that Sylvia Lim “continued with this accusation” after the G’s explanations but what does the Honourable Minister mean by that? Sylvia said clearly that she can accept, in light of the G’s response as to its intentions, that her suspicions may be wrong, but she simply does not accept that there was no basis for suspicion when originally made.

I rather struggle to see how this position could reasonably found a complaint to the Committee of Privileges except for a hyper-sensitive government – and that should NOT be encouraged.

Minister Fu also failed to give any coherent explanation of how – if the G’s contention that their intentions not to raise taxes this decade has been made clear in numerous statements pre-budget 2018 – that numerous respected economists could have entered and speculated about exactly that possibility.

Her answer was this : “But having said so, after she has brought the matter here, we have laid down the facts to her. And yet she continued to insist on the allegation. This is the difference between what we say in this chamber and what economists, analysts say outside this chamber.”

This answer of course says nothing about whether Minister Fu would claim that the G had previously made its position so clear that entertaining the possibility of an increase this decade was an unreasonable idea. And probably Minister Fu would, with respect, struggle to make a convincing claim here.

Instead, Minister Fu focuses her complaint simply on Sylvia’s (alleged) continued maintenance of her claim despite the G’s response.

But what does this (alleged) continued maintenance consist of?

Sylvia made plain that in light of the G’s insistance on its position, her suspicion might be wrong as a matter of fact (although the true facts are only known to Cabinet).

But she maintains that, when made, the suspicion was not without basis and essentially Minister Fu had no coherent explanation for why that was the case. She simply is unhappy that Sylvia did not withdraw the original allegation or apologise.

But why should Sylvia, unless the G could demonstrate that there was no basis for suspicion when the claim was first made – and here Minister Fu has no explanation (see above). For example, she did not respond to the question of whether all the economists who speculated on a budget increase this decade after after DPM’s 2015 statement and PM’s PAP Convention speech were thinking in an unreasonable way.

So to threaten to refer to the Committee of Privileges in these circumstances simply reflects poorly on Minister Fu, with the greatest of respect.

 

 

My kind of lawyer, friend

In Uncategorized on 10/03/2018 at 10:13 am

Michael Cohen, President Trump’s longtime personal lawyer, said he had paid $130,000 out of his own pocket to the pornographic-film actress Stormy Daniel. (NYT)

Why Democrats are upset

In Uncategorized on 10/03/2018 at 5:18 am

The U.S. is on track for huge economic expansion, but in California — which accounts for a fifth of the country’s growth — the governor is preparing for doom. (NYT)

NYT Dealbook

Lawrence Wong: a PM-in-waiting

In Uncategorized on 09/03/2018 at 11:12 am

I’m surprised that the talk cock, sing song academics and other pundit don’t think of Lawrence Wong as a contender to be PM.

Because unlike their favourite, Kee Chui (Why “Kee Chiu” got renamed “Kee Chui”), he knows how to throw smoke when “answering” inconvenient questions

The entire additional S$7.7 billion above the official estimate is being given back to Singaporeans in various ways, instead of just the S$700 million SG bonus, Mr Wong stressed, as he addressed Nominated Member of Parliament (NMP) Azmoon Ahmad’s suggestion for the Government to share more of the unexpected budget surplus.

“We don’t save surpluses.”

I went WTF!

But I had to admire his explanation (OK BS).

“We give them all back to Singaporeans but we give back in different forms,” said Mr Wong in Parliament on Tuesday (Mar 6) during the debate on his ministry’s budget.

“Some will be for spending (on) future needs. Some will be spending for current needs… and some will be through a direct transfer, like the SG bonus,” he added, urging for the surplus to be viewed “in totality”.

Mr Wong cited the setting aside of S$5 billion for a Rail Infrastructure Fund “which will benefit all MRT commuters”, and S$2 billion for premium subsidies and other forms of support when the ElderShield review is complete.

———————————–
Why Lawrence Wong is wrong on “We don’t save surpluses”
Or rather “We don’t save surpluses” is misleading.
FB post by Chris Kuan

CNA reported Larry the MND and the second MOF as saying all of the $7.7b of additional surplus from the revised 2017 budget overall surplus has been shared with Singaporeans in various ways such as a $5b transfer to the Rail Infrastructure Fund and $2b for Eldershield. Don’t look at the SG bonus in isolation he said. But that is not quite correct, is it? Tell me if I am wrong but this is how I look at it.

If that $7.7b additional surplus had been shared in the 2018 budget, then the 2018 Budget position would not have been a deficit of $0.6b but of $8.3b. After all each Financial Year Budget is based on that FY’s revenues and expenditures plus that FY’s transfers to funds and endowments and its NIR Contribution right? If the $7.7b has been shared with Singaporeans, then the sum of the Budget position for 2017 and 2018 should equal to the original FY 2017 estimate surplus of $1.9b. But that is not the case, the sum is a surplus of $9b (2017’s $9.6b surplus minus 2018’s $0.6b deficit). So how can this be if the $7.7b surplus from the first year is spent or shared in the second year?

The better explanation or rather the truth of the matter may well be that the $7,7b additional surplus has not yet been shared with Singaporeans, It will eventually – just wait for the year before the general election. Of course in fairness to Larry the MND and the 2nd MOF, all that spending on rail infrastructure and Eldershield in 2018 did take place but that is from using up all the revenues and the NIR contributions estimated for the year. Call me pedantic or whatever.

PS: Being transfers to funds and endowments, the $5b allocated to rail and $2b to Edlershield are ofcos not spent all at once but over several years. An important distinction to be aware of given the govie’s propensity to report this kind of expenditures in a single year.

But the fact that Chris Kuan has to go into such detail to show that “We don’t save surpluses” is misleading. shows that Lawrence Wong is a throw smoke specialist, good enough to be PM after Heng’s one term in that post. You heard these predictions here first.

And here’s another one: he’ll be the next Finance Minister. Remember you first heard this here.

————————————————–

Coming back to Kee Chui. If Lawrence has to answer the questions on the need, and the use of reserves, unlike Kee Chui, he would have said something along the lines of what the CEO of Norwaty’s SWF said when he reported a great set of results*
stressed that the good times would not continue forever, warning Norwegians to be prepared for a potential fall in value in the future.
Btw, remember his warning on HDB flats? Why 30-year old HDB flats difficult to sell
 ————————————————
*The oil fund separately reported one of the best years in its 20-year history as it returned 13.7 per cent in 2017, helped by booming equity markets. Equities returned almost 20 per cent, while property and bonds also contributed positively. The NKr1tn ($128bn) return was the biggest ever measured in kroner.
FT

Ang moh tua kee doesn’t shop at NTUC

In Uncategorized on 09/03/2018 at 4:56 am

An anti-PAP ang moh tua kee wrote

time for us in Singapore – look at that oacked food in strofoam boxes and plastic after plastic used to wrap, vegetables, fruits, fresh chicken etc. NTUC gives out many plastic bags as they put the groceries in the bags. I think NTUC should charge 5 cents for each bag they give to the customer and so must all other supermarket chains…

She got this response:

Guess u don’t bring yr own bag to NTUC to save the planet and money.🤣 I do and “The FairPrice Green Rewards scheme, which was introduced in 2007, offers customers a 10-cent rebate when customers BYOB with a minimum spend of $10.”😜

I think this ang moh tua kee only shops at Cold Storage or Jasons. Even Giant is beneath her.

For the avoidance of doubt, this isn’t the same person as this lady who doesn’t know Paracetamol is sold here: Need Paracetamol? Ask SingHealth.

Btw, if u only buy yr medicine at Watsons or Guardian, u wouldn’t know that Paracetamol is available here. Both only stock Panadol.

Really, with enemies like this, no wonder the PAP has ruled since 1959. So out of touch with how S’poreans live. And I freely admit that I am not the average S’porean.

(Last sentence added at 6.10am)

Trump devalues worth of CEO photo-op with POTUS

In Uncategorized on 08/03/2018 at 4:23 am

A warning for chief executives of foreign companies: A photo-op with Donald Trump ain’t enough to win his administration’s support when it comes to buying up US assets.

Jack Ma of Alibaba learned that the hard way when the US government blocked a company he controls from buying MoneyGram. Hock Tan, the chief executive of Broadcom is starting to learn that too after the US government launched an investigation into the Singapore-based company’s attempt to buy Qualcomm for $142bn (despite the fact that the two sides have yet to reach an agreement on a deal).

FT

Good for Trump. Good for the system. Being seen with POTUS is no big deal.

Blockchain useless for settling payments

In Uncategorized on 07/03/2018 at 4:53 am

Here I wrote Practical uses of blockchain that one of the most promising uses of blockchain is in settling int’l transactions between banks.

But recently I read

In practice, central bank experiments show that DLT-based systems are very expensive to run and slower and much less efficient to operate than conventional payment and settlement systems.”

This is the GM of Bank of Int’l Settlements speaking on blockchain, or as he calls it, distributed ledger technology (DLT).

He should know. BIS settles transactions that central banks make to one another.

Practical uses of blockchain

In Uncategorized on 04/03/2018 at 11:02 am

Blockchains are electronic databases of transactions, whereby new deals are added to the chain and then stamped and protected with a mathematical equation.

Chain gang

Blockchain projects have the potential to reduce, and possibly eliminate, settlement times due to their digital nature, ensuring the timely and secure processing of these operations. Other uses for bank-backed blockchain projects would include secured global currency exchange rate speeds and increased transaction security,eventually allowing for an overhaul of the banking industry, replacing traditional back-office clearing houses and other outdated mediums that exist between asset sellers and buyers, reports Tec.

FT

S&P Global Platts has deployed a blockchain network for reporting oil storage data in the UAE, a first in the energy sector

Commodity players have been hoping that technology could ease the cumbersome process of exchanging contracts, letters of credit, inspection and other paperwork by email or fax when one company sells raw materials to another.

Louis Dreyfus has teamed up with ING and ABN Amro of the Netherlands and Société Générale of France to create a blockchain platform for agricultural trading. (Bloomberg)

And finally

It’s being used to verify the authenticity of baby formula, medicines and even to help reduce the harmful trade in blood diamonds. It’s also being used to help keep our fish supply fresh.

http://www.bbc.com/news/business-42152892

 

 

Buffett’s a girlie man?

In Uncategorized on 04/03/2018 at 4:45 am

But that’s why he such a great investor?

Everything that made Warren Buffett the celebrated investor he is lines up with what we’ve learned about the tendencies of female investors. (Bloomberg)

NYT Dealbook

Piece written by feminist of the hairy armpits sort. At least she comes across like that.

Remember that Arnold Schwarzenegger (aka Terminator)and Republican govenor  of California referred to the state Democrats  as “girlie men” when they stalled and refused to pass his planned budget.

Corporate America is happy with Trump, on balance

In Uncategorized on 03/03/2018 at 11:28 am

 

 This was before the tariis on steel and aluminium. LOL

From NYT Dealbook

David Rubenstein, the Carlyle Group co-founder, told CNBC at the SuperReturn conference in Berlin that, over all, businesses support the White House’s economic policies:
“I think there are some things the administration has done that the business community will not like, but generally I think the administration has pleased the business community and other people as well.”
Why? Largely the tax cuts, for which both Republicans and Democrats are compiling data to support their political arguments.

Electric cars will be made here?

In Uncategorized on 01/03/2018 at 1:45 pm

Dyson best known in the UK  for its vacuum cleaners and hand dryers ( But”Japan, China, Taiwan and Korea together accounting for almost three quarters of 2017 sales.”), caused a stir when it announced plans for a battery powered vehicle.

Dyson already has a 400-strong team working on the project and has doubled the number of scientists working on its battery programmes over the past year. It plans to hire another 300 engineers.

The BBC reports that it “is yet to decide where its electric cars – once they have been designed – will be manufactured.

‘The UK is reported to be in contention for the work, along with Singapore, Malaysia and China.” It makes its products in M’sia.

Bet u EDB will throw our money at Dyson.

SingHealth’s software problem?

In Uncategorized on 28/02/2018 at 11:33 am

Maybe, they should call Apple for help? After all, Apple preparing to launch a network of medical clinics for its employees and their families, and Apple wants to replace yr doctor

Let me explain. My friend, like me, is another cheap skate and happy user of SingHealth. And we both use the one at Marine Parade.

About eight months ago, he was given a different medicine which upset him no end because it increased his monthly medicine bill to $42 from $12. I keep reminding him that as a fat cat, it’s still “peanuts” because our Porsche drving doctor friend tells us $30 for that medicine undercuts him. Anyway, he doesn’t want to get killed or robbed in JB.

On top of paying more, in the last six months he had to reschedule appointments twice because the appointment dates given were a week after the new medicine runs out (12 weeks supply each time). He realised this only when there are two packs (14 pills each) of said medicine left.

As the girls at the Marine Parade Polyclinic are not stupid or careless (In fact they are really good customer service officers), our conclusion is that there’s a software bug.

As for me, I don’t bother checking because I’ve been on the same medication for years. Once upon a time, u just walked in before the medicine runs out and ask to see the doctor. As a result I’ve built up a month’s buffer.

Nowadays, appointments have to be made. It helps cut down the waiting time, though.

Whatever, coming back to the problem, SingHealth is investigating.

 

S/o JBJ wants to like Pa?/ Lees’ feud

In Uncategorized on 27/02/2018 at 11:04 am

Seems like after failing to be someone who is respected or loved like Pa was (Even by those who like me who despaired that he was God’s gift to the PAP), s/o JBJ wants to emulate Pa by trying to get PAP to sue him until he is bankrupt and destitute like Pa was. (Related post: Doesn’t this remind u of another father and son?)

Ending an “analysis” of the Budget (Good in part like the curate’s egg, the analysis, not the Budget), he wrote

Heng and the PAP must be the only con men in history who have persuaded people to hand over their money in return for promising to halve it year after year and made them grateful into the bargain.

So he is accusing Heng and the PAP administration of criminal misappropriation like Roy Ngerng accused PM and the PAP administration of “stealing” our CPF.

Wonder if Heng has called Davinder Singh? Heng should sue for defamation if he wants to show that he’s a worthy successor of one Harry Lee.

============================

LKY on Heng

“Heng Swee Keat, now Education Minister, was the best Principal Private Secretary I ever had. The only pity is that he is not of a big bulk, which makes a difference in a mass rally.”

============================================

The present PM last year failed this “sue and sue” test when he failed to sue his siblings after in the past suing and suing Oppo leaders and nobodies (Think Roy Ngerng) for defaming him.

Didn’t his Pa (Or was it Mao?) who said that the Party, People and Nation came before family? And I’m wondering why his sister is not calling him a “dishonourable son” for failing to sue her and their brother for defaming him.

 

 

 

 

 

Apple wants to replace yr doctor

In Uncategorized on 27/02/2018 at 6:03 am
 From NYT Dealbook
Tim Cook talked up Apple’s health care ambitions, hinting at a move beyond wellness apps and devices. (CNBC)

Amazon has invited hospital executives to Seattle to discuss expanding its business-to-business marketplace. (WSJ)

 

Why “Kee Chiu” got renamed “Kee Chui”

In Uncategorized on 26/02/2018 at 10:14 am

Chan Kee Chui’s (aka Chan Kee Chiu’s) latest attempts to talk cock, sing song

======================

See Chris K’s comments reported in https://www.theonlinecitizen.com/2018/02/25/chan-chun-sing-says-severe-implications-if-singapore-does-not-have-sufficient-reserves-but-just-how-much-is-enough/)

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reminded me that when TRE republished Kidding me? Kee Chui potential PM? He from RI? there were a few cybernuts (Or PAP IBs?) who tried to slime me by pointing out that I should be using “Kee Chiu” and not “Kee Chui”, pointing out that Chan’s nick-name is Kee Chiu because he liked to use the term once upon his time. I have no objection to this criticism.

But they went on to say that I didn’t know the difference between  the tewo terms  because I wasn’t S’porean. Excuse me must know Hokkien to be S’porean isit?

Whatever if they had any brains (which they don’t being ratty anti-pAP cybernuts or PAP IBs), these guys should know that “Kee Chui” is now a more apt nick-name for him based on his verbal gaffes.

Beng pek ma?

And while focusing on his need for strong reserves, it seems critics missed this gaffe

In a democratic society, few governments will take this approach, informing citizens about a tax increase a few years beforehand.

We are a “democratic society” meh?

Worse, maybe even the cybenuts, and critics like TOC and Chris K believe that S’pore is a “democratic society”. If so what weed are they smoking? To be fair to them, maybe the PAP has put something, other than recycled water, into the water S’poreans drink.

My view? We are not a “democratic society”: The PAP way? is the CCP way.

 

 

 

 

New toys for SAF

In Uncategorized on 26/02/2018 at 4:14 am

Singapore is also said to be looking into buying F-35Bs, which could be deployed on a new, open-deck amphibious assault ship that it is building.

Extract from PAP-related think tank report

Well lookks like we changed our minds because Bloomberg reported that S’pore was putting on hold plans to procure up to 12 Lockheed-Martin supersonic fifth-generation F-35B stealth multirole fighter jets for the RSAF, according to the Pentagon’s F-35 program office.

In 2015, S’pore expressed interest in the F-35B variant, the F-35’s most complex model which was designed for use by the US Marines. The F-35B is capable of vertical or short takeoffs and vertical landings without requiring a catapult launcher.

Doesn’t this remind u of another father and son?

In Uncategorized on 23/02/2018 at 4:46 pm

The Scots beat the English at the battle of Bannockburn in 1314. The English were led by Edward II, the son of Edward I who conquered Wales and Scotland. After his death, the Scots rebelled and his son had to march north to suppress them:

The son of the mighty Edward I, Edward II had grown up in his father’s shadow. He lacked the strength of will to keep his own nobles in line, never mind to deal with the Scots. …

Edward II’s lack of political clout was matched by a lack of military skill. He had been raised in the military tradition of feudal monarchs, but had not taken to warfare like his father. His lack of confidence had stopped the English countering Bruce’s manoeuvres for several years, and that lack of campaigning meant that Edward could not match his opponent’s experience.

In short, Edward II was one of the worst generals ever to command an English army.

https://www.warhistoryonline.com/history/scots-won-at-bannockburn-mud.html

UK followed S’pore

In Uncategorized on 23/02/2018 at 1:33 pm

A few years ago, the UK passed a law so that the govt can revoke the citizenship of a naturalised citizen when it is “conducive to the public good”.

So why our ang moh tua kees KPKBing about fact that S’pore’s constitution allows the state to revoke the citizenship of a naturalised citizen.

Ang moh can, S’pore cannot isit?

Getting out of Bitcoin

In Uncategorized on 22/02/2018 at 2:49 pm

Further to Bitcoin exchanges are not safe, on the first day of CNY, I heard of a cryptocurrency wannabe trader being made to take out his money (initial investment and profits in weekly tranches).

He stopped trading after this experience.

Lim Tean behaving like PAP?

In Uncategorized on 22/02/2018 at 4:43 am

His FB administrator took down a FB comment that is unflattering to Lim Tean’s image as a comic book superhero battling against injustice.

In  Where’s yr defamation video and jobs rally Lim Tean? yesterday, I reported that one Adrian Tan commented on Lim Tean’s FB

If u can do this video, why can’t u do a similar video on defamation. U promised the defamation video by September, then November 2017? It’s now Feb 2018. And pls remember that u raised funds from S’poreans for the video. Yes the Budget has no substance. But going by yr failure to release a video and organise a jobs rally by Nov 2017 as promised by u, u too got no substance.

Seems that Lim Tean’s administrator took down the comment.

There’s a rumour going round that his FB page was offline for a long time yesterday because in trying to delete said comment, the administrator took the page offline. What a cock-up.

 

Where’s yr defamation video and jobs rally Lim Tean?

In Uncategorized on 21/02/2018 at 6:36 am

It’s February 2018 and he promised a defamation video and a jobs rally by Sept then Nov last yr and crowdfunded money for these events. No pix no sound since then: TRE cybernuts are like Lim Tean

I was reminded of Lim Tean’s BS because he has just come out with a video in which he criticises the Budget.

Very thick skin and stupid to criticise PAP when he also take money from public and do bugger all.

If u can do this video, why can’t u do a similar video on defamation. U promised the defamation video by September, then November 2017? It’s now Feb 2018. And pls remember that u raised funds from S’poreans for the video. Yes the Budget has no substance. But going by yr failure to release a video and organise a jobs rally by Nov 2017 as promised by u, u too got no substance.

FB comment by one Adrian Tan on FB

Guess he another Goh Meng Seng. Both were NSP Sec-Generals and are talk cock, sing song BS artistes.

With clowns like them opposing the PAP, the PAP doesn’t need enemies. In fact it can go into a GE after announcing a tax rise and win over two-thirds of the parly seats. And over 60% of the popular vote.

Thanks to clowns like Lim Tean and Goh Meng Seng.

Temasek invests in Harry

In Private Equity, Temasek, Uncategorized on 19/02/2018 at 4:57 am
No not this Harry. 

But Harry a wannabe P&G, the giant (but sleepy) American consumer goods company.

From NYT’s Dealbook:

Harry’s raises $112 million to go beyond shaving

Since its founding nearly five years ago, the men’s grooming company has become an competitor to Procter & Gamble’s Gillette. Now its founders want to create what they describe as a next-generation P. & G.
The company’s new financing round, led by Alliance Consumer Growth and Temasek of Singapore, is meant to help it buy stakes in nascent consumer brands. Harry’s has already invested in Hims, which is focused on men’s hair loss prevention. But its founders want to go into products for women, babies and households.
More from Michael’s article:
“We’ve built a lot of infrastructure at Harry’s that we think we can leverage into new categories,” Jeff Raider, one of Harry’s founders, said in a telephone interview. “It’s something that we’ve been excited about for a long time, and we’re now at a point in our business where we can act on it.”

Bitcoin: Price on Fri

In Uncategorized on 18/02/2018 at 6:02 pm

Just under US$10,000, according to CoinMarketCap.

“Should we retire ‘buy the dip’?”

In Uncategorized on 18/02/2018 at 10:19 am

From NYT’s Dealbook

Should we retire ‘buy the dip’?
It’s age-old wisdom. But as investors worry about inflation and central banks raising interest rates unexpectedly quickly, is it still relevant?
More from Julie Edde, Bei Hu and Suzanne Woolley of Bloomberg:
“There’s sort of, ‘Everybody should buy a dip,’ which has become folklore in the markets now. I would say history doesn’t tell you buying dips is always the right answer,” Man Group chief executive officer Luke Ellis said.
Another investor, Ian Harnett of Absolute Strategy Research, recommends “sell the rallies” instead.

 

 

Airbnb is a hedge fund

In Uncategorized on 18/02/2018 at 4:15 am
The CFO of Airbnb, the home rental giant, “L.T.” Tosi set up a hedge fund of sorts at Airbnb, which was responsible for 30%  of Airbnb’s cash flow last year and made about $60 million, according to NYT’s Dealbook.

He has just left Airbnb, because according to Dealbook because it won’t IPO this yr

 

Mkts: Why happy days are here again

In Uncategorized on 17/02/2018 at 4:54 am

Pimco, the world’s largest bond fund manager, “calls top in 10-year Treasury yields at 3%”. It
says US inflation picking up but only gradually. It’ll buy 10-year Treasuries if they reach a 3% yield.

Bitcoin: Happy days are here again?

In Uncategorized on 16/02/2018 at 11:34 am

On Thurday NYT time

Bitcoin’s up 12 percent over the last 24 hours, at $9,972, according to CoinMarketCap.

NYT;s Dealbook

Mkt falls: Trump’s take, Trump’s role

In Uncategorized on 11/02/2018 at 10:50 am

Trump tweeted last Wednesday, “In the ‘old days,’ when good news was reported, the Stock Market would go up. Today, when good news is reported, the Stock Market goes down. Big mistake, and we have so much good (great) news about the economy!”

More seriously, NYT’s Dealbook writes

 The political question: What does this mean for President Trump, who has touted stock market gains as a measure of his success?

More from Ben White of Politico:

“This is a risk that the president clearly set himself up for,” said Charles Gabriel of Capital Alpha Partners, a Washington research firm. “Until now, Trump’s had kind of a free ride in this market and taken so much credit for it, even though so much of it was due to easy-money policies from Janet Yellen and the Fed. Now she’s out the door and volatility is back.”

There’s another way of thinking about Mr. Trump’s role, Andrew writes in his latest column:

Investors believe his policies to stoke growth are going to work so well that they will overheat the economy, and force the Federal Reserve to try to slow things down.

Bucking bronco US mkt

In Uncategorized on 10/02/2018 at 10:57 am

S&P 500, Dow and Nasdaq stage late comeback after wild swings on Friday: with traders and investors imitating cowboys riding bucking broncos in rodeos. Note in rodeos, the horses usually win, as comboys bite the dust.

US stock markets continued their wild ride on Friday, ending one of the most volatile weeks in trading since the financial crisis as international stock markets continued to fall, spooked by fears of more rapidly rising interest rates.

The Dow Jones Industrial Average, which lost more than 1,000 points on Thursday, rose 30 points on Friday morning as the more broadly based S&P 500 and the tech-heavy Nasdaq also moved into the black only to shortly lose those gains. By noon the Dow was down over 200 points and then rallied to end up over 300 points.

https://www.theguardian.com/business/2018/feb/09/us-stocks-heading-for-worst-week-since-financial-crisis-as-wild-ride-continues

Mkt that has fallen 50% in a month

In Uncategorized on 10/02/2018 at 5:46 am

The combined value market value of cryptocurrenciies has fallen from more than US$800bn to less than US$400bn in a month, FT reports.

As for Bitcoin, it’s back above US$8,500, having fallen to below US$6,000 earlier in the week. It rose above US$19,000 towards the end of 2017. Now taz real volatility.

Return of volatility on Thursday

In Uncategorized on 09/02/2018 at 5:21 am

“It makes sense. I am sure I am not the only person who thinks shorting vol at these levels is a good idea,” said Pravit Chintawongvanich, head of derivatives strategy at Macro Risk Advisors. “Markets are not typically this volatile for very long.”

FT quoting trader

Err late Thurday, volatility as measured by Vix index rose back above the 30% mark (It was above 50 on Monday)as the S&P 500 is back in negative territory for the year. Called the “fear gauge” the Vix index moves above 20 typically mark a period of extended volatility for the equity market.

Wonder if trader still has a job? Or that his firm still exists?

Global economy like a poker game using borrowed money?

In Uncategorized on 08/02/2018 at 4:27 am

The recent volatility in the markets and just before that the very good results of two leading private equity houses (Blackstone and Apollo and whose founders are billionaires) reminds me that Marriner Eccles, Federal Reserve chairman from 1934-48, once said

The United States economy is like a poker game where the chips have become concentrated in fewer and fewer hands, and where the other fellows can stay in the game only by borrowing. When their credit runs out, the game will stop.

He could be describing the global economy, not just that of the US.

And it looks as though the cost of borrowing is going up a lot more, and faster than expected.

Six yrs ago, today’s Federal Reserve president said,

[W]e look like we are blowing a fixed-income duration bubble right across the spectrum that will result in big losses when rates come up down the road. You can almost say that is our strategy.”

He now has to live with the consequences of a strategy (QE) that he wasn’t that comfortable with in the first place.

But relax the equity melt-up is coming. One final orgy on the way.

 

 

 

Freedom to be offensive: West following PAP’s lead?

In Uncategorized on 07/02/2018 at 11:10 am

Talking about Western liberal democracies, the Economist wrote sometime back

it is worth remembering that in the distant and not-so-distant past, the authorities took it as read that certain ways of thinking and speaking were so manifestly dangerous and disruptive to society that they should be prevented in every possible way. The “freedom to be wrong” is a new and precarious concept, and there is no guarantee that it will survive.

In our time, there are plenty of ideas that are viewed in the liberal Western world as not merely wrong but obnoxious and outside the limits of decent discourse: holocaust denial and openly racist or sexist ideas would be high on most people’s lists.

https://www.economist.com/blogs/erasmus/2017/08/inquisitors-internet

So the PAP’s views that race matters, or cannot be offensive or obnoxious (all of which incidentally originally came from the British colonial administration*: Even PAP govt thinks ang moh tua kee) is being copied by the ang mohs?

After all a very recent European Court of Human Rights (the ECHR is an organisation of the 47-nation Council of Europe) ruling accepted that liberty of expression carried certain responsibilities, including a duty not to be “gratuitously offensive or profane”: https://www.economist.com/blogs/erasmus/2018/02/advertising-and-faith

Not really because as Cherian George last week (before the  ECHR ruling was made public) in response to this question

Q: Can you comment on the differences between Singapore’s laws on hate speech and those of Western Europe? I ask this question because the defenders of Singapore’s restrictions on freedom of speech almost always bring up Germany’s laws on holocaust denial and other restrictions on speech.
said
Even Germany, which treats hate speech very seriously, only prohibits speech that carries a real risk of actual harm, like promoting discrimination against minorities or causing them to live in fear (and of course inciting violence and genocide, which even the Americans are willing to regulate). But in Singapore, the government also prohibits speech that offends people’s feelings, even if there’s no objective harm that would arise from it. That’s the difference. When you legislate against insult or wounded feelings, the way Singapore does, you are allowing the law to be used as a weapon to silence speech that may be quite necessary.
But given his views on the PAP, he would say that, wouldn’t he?
———————————————————————-
*One law in the UK for the British establishment (the plebs didn’t matter in Victorian and Edwardian times), but another law for “lesser breeds” that needed to be kept in check, lest they overthrew the natural order of things. Remember that like S’pore today, the British empire was multilingual, multiracial, multireligious and multicultural, and there wasn’t any aspiration to be
one united people,
regardless of race, language or religion,

Mkt falls must make Trump haters happy, but maybe not

In Uncategorized on 07/02/2018 at 5:34 am

With Donald Trump having successfully persuaded the populace to treat the rallying stock market as a validation of his young presidency, and a meaningful achievement in its own right, the administration is now stuck, and has to give excuses when all of the year’s stock market gains are wiped out. This shows that claiming credit for the strong stock market was always bad politics (as I have made clear more than once).

Oddly, Mr Trump has not tweeted about the stock market since January 20 (when he referred to a “Record Stock Market”). The corollary to claiming credit for a stock market rise was always that it carried the risk of taking the blame for a subsequent fall.

John Authers, FT columnist

He spoke too soon because S&P was just up 1.7% to 2,695, its best day since Donald Trump was elected US president. I’m sure there will be Trump twit on this fact.

Social etc divisions in S’pore

In Uncategorized on 06/02/2018 at 11:27 am
Hong Chong Wen posted this on FB

Bitcoin falls are worse

In Uncategorized on 06/02/2018 at 6:02 am

Think equity and bond mkts falls are bad?

Well according to Reuters, Bitcoin on Monday fell 8.1% to US$7,524, its lowest level since November 18, 2017.

So far Bitcoin has fallen 40% this yr from its Jan high.

And more UK banks are thinking of joining Lloyds in banning the use of credit cards to buy Bitcoin: UK bank bans Bitcoin purchases on its credit cards.

Banks don’t want the credit and reputational risks involved. BS that they want to protect customers.

Wonder when the banks here will ban the use of credit cards to buy Bitcoin?

UK bank bans Bitcoin purchases on its credit cards

In Uncategorized on 05/02/2018 at 5:23 pm

Lloyds Banking Group, a major UK bank, has banned its customers from today from buying Bitcoin on their credit cards following a sharp fall in the value of the digital currency.

It will not apply to debit cards, only to the banking group’s eight million credit card customers.

Lloyds fears people are buying Bitcoin to make a profit if its value rises but face debts if it falls.

It is concerned it could end up footing the bill for unpaid debts should the price continue to fall.

http://www.bbc.com/news/business-42940728

 

How Trump’s trolling works

In Uncategorized on 02/02/2018 at 2:53 pm

Because

For every step that President Trump takes in debasing discourse, his opponents manage to go one step further.

FT columnist


A local ang moh tua kee posted on FB a story about a Muslim Canadian girl who lied about an attack on her. The local ang moh tua kee attacked Trump as a liar.

I commented that the story was not about Trump. She replied that she stood by her comments that Trump lies.

Hours later realising that she could be seen as implying that the gal was right to lie because Trump lies regularly, she said she didn’t condone the gal’s behaviour.

Taz how Trump gets under the skin of those who hate him: especially those who espouse “left-liberalism which celebrates civil rights”.

———————————————–

And

The focus on his ludicrous ego and ignorance may make us feel superior. But that is all it appears to be doing. He will not be toppled by us jeering at a picture of his enormous arse or reports of his word salad on climate change, his links to Russia and his comments about pussy-grabbing. Not as long as he is supported by racists, the far right, Christian fundamentalists, the global business elite and his own party. And he is. It is time to get serious about what drives this presidency. At the moment, the joke is on us.

https://www.theguardian.com/us-news/commentisfree/2018/jan/29/donald-trump-rethink-our-resistance-ikea-spiked

And as usual the whining liberal from the Grauniad* doesn’t tell us how to fight him because she doesn’t have a clue. Talking cock, singing song like our anti-PAP cybernuts and ang moh tua kees who don’t know that paramactol is available here ot that estate duty has to go up 4000% if it is revived to replace a 2% rise in GST.

Steve Banon’s plan to get Trump elected “was to create such a cacophony of indignation” that the progressives would lose their focus. He was letting Trump be Trump for a strategic reason: to make the progressives angry and so lose focus. It worked then, and it’s working now, even if he’s no longer advising Trump: the progressives are still losing their focus in their indignation and anger.

—————————————–

*The Grauniad is a nickname for the UK national newspaper, the Guardian, because of a now ill-founded reputation for typos. The name was given to it by the satirical magazine Private Eye.

Wikipedia

Why PM needs to get a grip on incompetency and inequality

In Uncategorized on 30/01/2018 at 1:08 pm

As someone from Catholic High School, he should know his Chinese history: the “mandate of heaven” — the Chinese ruler’s divine right to rule — was always lost due to corruption, inequality and incompetency.

Here begins our tale: The empire, long divided, must unite; long united, must divide. Thus it has ever been.

Opening sentence of Romance of the Three Kingdoms

 

 

The SMRT woes have shown that there is unacceptable incompetence (Connecting SMRT failures, 4th gen ministers & change of PM) resulting in the PAP losing a fair amount of output legitimacy.


What is Output Legitimacy?

“Output legitimacy” is the idea that elected leaders make decisions that are unpopular in the short term but will be approved by voters once their success has been demonstrated.  A govt aiming for “output legitimacy” (most govts don’t, but the PAP is an exception) is a bold, self-confident govt because the govt and the politicians need to be proved right by events.  Sadly for S’poreans and the PAP, the record doesn’t look that great for one LHL. He had been DPM, and in charge of economic and financial issues, and the civil service, since the 1990s, until he became PM in 2004.

PAP has lost “output legitimacy”

——————————————————-

As to inequality, forget about S’pore’s really bad Gini score. Here’s something S’poreans can relate to: At 8.38 pm January 8, PM’s pay would pass Ah Beng’s yearly salary

Then there’s corruption. The US Marshall (not our mata mata) caught Keppel Corp, a TLC and GLC, with its pants down in Brazil. It had to pay fine of US$422 million as part of a global resolution with the US Marshall, Brazil and S’pore.

Here begins our tale: The empire, long divided, must unite; long united, must divide. Thus it has ever been.

Opening sentence of Romance of the Three Kingdoms

Need I say more?

Except that maybe that’s why

On Friday, Mr Lee, responding to queries from reporters on whether he was prepared to announce a potential successor by the end of this year, said: “If it’s settled, everybody will know, but my assessment is that it will probably take a bit longer”.

He also said that no new Deputy Prime Ministers will be appointed in the upcoming reshuffle which will take place after the annual Budget on Feb 19. Political analysts had earlier speculated that a new DPM could be appointed to signal that he is the frontrunner for the top job, and to give him exposure.

And

The country’s fourth generation leadership team need not be constrained by an “artificial deadline” to select a new leader among themselves, said Education Minister (Higher Education and Skills) Ong Ye Kung on Sunday (Jan 28).

“I think it is useful, as our younger generation ministers would have said, we would select somebody to be the leader amongst us in good time,” he said at the sidelines of a community event in Yishun when asked to comment on how Prime Minister Lee Hsien Loong had said on Friday that the process will need a while longer.

Got no-one competent enough to be PM? Or rather competent enough to prevent the PAP from becoming juz another ruling dynasty.

Here begins our tale: The empire, long divided, must unite; long united, must divide. Thus it has ever been.

Opening sentence of Romance of the Three Kingdoms

 

 

 

Chinese don’t trust M’sian Chinese?

In Uncategorized on 29/01/2018 at 2:42 pm

Broadcom, a  fabless semiconductor company that make products for the wireless and broadband communication industry is headed by one Hock Tan. He’s a US citizen but was born in M’sia.

Broadcom is now trying to acquire Qualcomm, a US semiconductor and telecommunications equipment company.

Senior executives of three Chinese handset makers, Xiaomi, Oppo and Vivo, recently voiced their opposition to the proposed acquisition at a Qualcomm event held in China.,

Diageo: Johnnie Walker and Baijiu keep it walking

In Uncategorized on 28/01/2018 at 5:54 am

Diageo, the world’s biggest drinks group, last week reported stronger than expected first-half results, helped by a sales surge in China of its baijiu white spirits.

Sales of Shui Jing Fang, its white spirits brand with a 600-year heritage, was up 75%.

The results in the Asia-Pacific region grew at more than double the consensus organic growth rate.

Whisky drinkers like me think of its whisky:  “Johnnie Walker: Born 1820, still going strong.” and  “Keep Walking”

JWalker 2015 logo.png

Said at Davos

In Uncategorized on 27/01/2018 at 4:25 am
“America First, not America alone,” Trump in Davos. No lobbing of grenades instead tries to build bridges with the international community in his keynote speech.
Sad. No trolling.

And from NYT’s Dealbook

Jamie Dimon of JPMorgan Chase told CNBC, “I promise you, we are going to be sitting here in a year and you all will be worrying about inflation and wages going up too high.”
Lloyd Blankfein of Goldman Sachs said of President Trump: “I don’t want to be hypocritical, either. I’ve really liked what he’s done for the economy.”
Sundar Pichai of Google said about taxes: “We are happy to pay a higher amount, whatever the world agrees on as the right framework. It’s not an issue about the amount of tax we pay, as much as how you divide it among various countries.”
Jack Ma of Alibaba said on a panel: “I think globalization cannot be stopped. Nobody can stop globalization. Nobody can stop trade. And I believe, if trade stops, war starts.”
Raymond Nolte of SkyBridge Capital said, “If you take away Trump’s Twitter ridiculousness, it’s actually been a pretty good year for the business community.”

Triumphant in Davos

In Uncategorized on 26/01/2018 at 6:36 am

As President Trump prepares to fly to the World Economic Forum, he is likely to feel vindicated coming to a club of elites that had long scorned him. (NYT)

NYT’s Dealbook yesterday

Trump will later today troll the global elite who scorned him by telling them that he won and their heroine Hilary and her sleaze bag of a husband (who is actually a lot sleazier than Trump) lost. And then he’ll lob a few verbal grenades into the crowd.

His officials are already in Davos playing the mood music about the grenades:

— “Wilbur Ross [Commerce Secretary] held firm on the Trump administration’s tough line on international trade.”;

— US Treasury Secretary Steven Mnuchin said he would welcome a weaker US$; and

— “Steven Mnuchin, Treasury secretary … absolutely expected to see an acceleration of trade measures during 2018, and said the administration was tightly co-ordinated in pursuing tougher trade policies.”

Uganda’s president: I love Trump for being frank with Africans

In Uncategorized on 24/01/2018 at 4:05 pm

“America has got one of the best presidents ever,” Mr Museveni said to laughter during the opening of the East African Legislative Assembly (EALA) in the Ugandan capital of Kampala.

“I love Trump because he tells Africans frankly. The Africans need to solve their problems, the Africans are weak.”

Mr Museveni’s comments are in opposition to the reaction of many leaders who have condemned Mr Trump’s language.

http://www.bbc.com/news/world-africa-42795588