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Archive for the ‘Uncategorized’ Category

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?

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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/)

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

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

Hot topics at Davos

In Uncategorized on 23/01/2018 at 3:59 pm

From NYT’s Dealbook

• Populism — though, Mr. Trump aside, anxiety is on the wane (NYT)
• How long the world’s economies can continue to expand (NYT)
• How to respond to cyberwarfare by the likes of North Korea (NYT)
• How to improve women’s standing in the world, with several top women leaders in attendance (NYT)
• Big tech companies’ image woes (FT)
• France’s efforts to woo business leaders, including a pre-Davos summit at Versailles that will be attended by Jamie Dimon and Sheryl Sandberg (Reuters)

Coconut oil could be a superfood

In Uncategorized on 22/01/2018 at 1:53 pm

Like olive oil.

Some ang moh celebrities swear by coconut oil (I wouldn’t be surprise to read that some celebrity babe bathes in it), but

If anything coconut oil is seen, in the scientific community, as an unhealthy fat. It is very high in saturated fat (86%), even more so than butter (51%) or lard (39%).

The reason that foods rich in saturated fats are frowned on is because eating them causes a rise in blood levels of LDL (low density lipoprotein).

LDL is known as “bad cholesterol” because high levels are linked with increased risk of heart disease.

On the other hand, saturated fats – which are particularly bad for you – also tend to raise HDL, “good” cholesterol, which has the opposite effect. It is possible that a particular food can raise overall cholesterol levels, yet still be heart-friendly.

http://www.bbc.com/news/health-42608071

The latest BBC2 series of Trust Me I’m a Doctor, helped organise a trial to see if coconut oil could be the next olive oil.

Well coconut oil seems to work but the BBC programme says it’s premature to say it’s the next olive oil. Read more at http://www.bbc.com/news/health-42608071.

Why PAPPies’ apologies make many angrier

In Uncategorized on 21/01/2018 at 11:38 am

When I read a BBC article on what kind of apologies work (http://www.bbc.com/news/world-europe-42716501), I couldn’t help but think of how the PAPPies and their kak kian apologise.

Think PM (before 2011 election and his family row), and Khaw, and the chairman and CEO on the MRT cock-ups; and one thing is clear. Their apologies don’t work i.e. they are not effective: they leave many angrier.

Reason is that the apologists don’t show enough concern

Experts say the formula for an affective apology can be summed up with the acronym CAR

show concern

demonstrate action

offer reassurance

(BBC article. Other extracts also from the same article.)

They demonstrate action and offer reassurance but they don’t show enough concern. But to be far, does Khaw, or the CEO and chairman of SMRT take the MRT to work? And PM was born with a silver spoon in his mouth. It was even encrusted with diamonds.

And they don’t convey empathy and compassion

From businesses, governments and organisations, a scripted response will fail to resonate as it will not convey empathy and compassion.

But if it’s one thing Harry taught the PAP, if in doubt, be “Be arrogant and complacent”.

Moreover

“It is vital that any business or individual making an apology understands the focus – is it sorry for the way it’s acted or is it sorry that the complainant feels the way they do?”

In the case of the PAPies and their minions their apologies come across as sorry that the complainants feels the way they do: think PM or Khaw.

I’ll end with

How to tell a genuine apology from a fake one

— Spontaneity – watch out for the speed of response, the quicker the apology comes, the better indication that the person making it has felt an immediate sense of guilt

— Body language – if genuine, the person making the apology will be looking for listening clues to see if they are being understood, such as eye contact and facial expressions

— Vulnerability – performed apologies always have a sense of being “acted out”, and are often accompanied by too many theatrical gestures. If the person is genuine they will provide “humbling signals”‘, such as a lowered head, to indicate remorse and vulnerability

— Denial gestures – the biggest clues of insincerity can come after the gesture itself, with non-verbal signals that silently reject the words used; this can include looking to the floor and smirking.

 

Want to be a social media administractor?

In Uncategorized on 21/01/2018 at 6:44 am

Unpaid of course.

A writer for the BBC became the administrator of a WhatsApp group http://www.bbc.com/news/world-africa-42653088 and his description of the type administrators on WhatsApp also applies (based on what I see) on FB too

1: Digital Dictators

These are power-hungry admins. No-one elected them, but everyone fears them.

They run the group like a fiefdom. Any attempt to introduce a subject or point of view that does not glorify their ego is tackled viciously.

They will not let anyone leave the group.

If you try, you’re added straight back! I call this house arrest.

A West African friend told me how a digital dictator of his group was accidentally relieved of her admin powers when she lost her phone.

She pleaded with the interim admin to readmit her on a new telephone line.

As soon as she assumed her executive WhatsApp powers, she instantly ejected the acting admin from the group.

It took the intervention of a senior military officer who is a silent member of the group to plead for the poor member to be readmitted

2: Echo Makers

These are admins who love the sound of their own voice.

They’re often found in small WhatsApp groups with only a handful of members.

I belong to one such group that was created for a training exercise after which most members left.

But the admin can be heard every few moments bellowing down the Whatsapp corridor: “Good morning happy people! Just to wish you a happy day!”

But there’s no response. There’s no-one here.

All you hear is the sound of the admin’s voice echoing back and forth with one triviality after another.

3: Mafia Managers

These are not really admins. But they are the power behind the power.

They broker relationships in the group; they determine who belongs and who doesn’t.

When their interests are threatened, they step in stealthily and take charge with sharp knives in the form of a subtle post here and a sharp hint there that leaves no doubt as to which direction things must go.

4: Rebel Rulers

These are admins who forget they are the leader.

Image copyrightAFP

They’ll be the first to post disturbing images, stir up rebellions amongst sleepy members and be the life of the party.

They crossed from street activism to “state house” but forgot to leave their placards behind.

5: People Pleasers

These are the opposite of “Digital Dictators”. They embrace the world.

They have a laissez-faire approach to the office of the WhatsApp administrator.

Which means the group is often noisy and chaotic; no-one is in charge and rules are not enforced.

As a result, their powers are usurped by scores of aspiring admins.

6: Grammar Grabbers

These are misplaced teachers. They relish posts that come with spelling or grammatical mistakes.

They will grab such offenders and take them back to pre-school by the ear.

Woe unto you if you cannot tame the spelling abilities of your smartphone.

They are also the moral detectives of the group and any content that threatens the minds of grown-ups is seized upon with speed.

A colleague, who is newly married, once sent a rather explicit message of the plans he had for his wife after his birthday dinner.

But he got his contacts mixed up and the message, intended for the wife, went to his mother-in-law.

Such misposting is Christmas dinner for grammar grabbers!

The writer ends with

My Way

Now there are things I will not stomach as the new admin of my WhatsApp group.

Because by opting for WhatsApp, my group members have surrendered their power to meet their fellow members in the physical space, or use their human voice to communicate, I too now wield the power to silence their voice.

And because the Kenyan authorities hold group administrators responsible for anything that is shared in the groups, I will leave no stone unturned to find out who posted that image of a rat chanting: “The powers of WhatsApp groups administrators are unconstitutional!”

What PM should be telling local start-ups

In Uncategorized on 20/01/2018 at 6:56 am

He should tell S’pore start-ups that they should be more like Chinese companies

After all, big ang moh venture capital tua kee writing for the FT (Sorry behind pay wall) said Silicon Valley start-ups should imitate the hardworking and unfit Chinese tiger:

Mike Moritz of Sequoia Capital told Silicon Valley start-ups to be more like Chinese companies, where longer work hours and a disregard for physical fitness is the norm and where discussions about “life’s inequities” are seen as distractions.

NYT Dealbook

As can be expected the ang mohs beat him up in the “Comments” section of the article, some even accusing him of wanting a return to slavery or serfdom.

Trump reduces US trade deficit

In Uncategorized on 19/01/2018 at 4:22 pm

OK, OK, it has happened yet but watch and wait because NYT Dealkbook late last yr (but before the tax on overseas earnings was fixed at 15.5%) reportrd

Tech companies like Microsoft that stash huge amounts of foreign profits offshore are set to take a hit from the overhaul, which would impose a 10.5 percent tax on overseas earnings, according to the WSJ.

That could induce some to return to the United States, which, as the WSJ points out, could reduce the country’s trade deficit.

At a rate of 15.5% more could be induced to return, reducing further the deficit.

Trump “has incredible genes”

In Uncategorized on 18/01/2018 at 2:34 pm

Taz from tDr Jackson, whose official title is Physician to the President. (Btw he also examined Hussein).

When asked by a reporter how a man who consumes fried chicken and Diet Coke and does not exercise could be in good shape, Dr Jackson replied: “It’s called genetics… He has incredible genes.”

In a blow to those who hate him

“I have no concerns about his cognitive ability or neurological functions,”

http://www.bbc.com/news/world-us-canada-42708826

SDP should walk the walk — East to West

In Uncategorized on 14/01/2018 at 11:29 am

Reading the SDP’s rants blaming the PAP for the rainy weather and corruption in Brazil (OK, OK I exaggerate but only a little), I was reminded of this recent post by a fellow S’porean

I was to go on my own “walking tour”—a walk across Singapore.From Tuas to Pasir Ris

https://www.tripzilla.com/walking-across-singapore/72239

Read it, it’s good.

Mad Dog Chee walked around S’pore a few yrs back. Btw, it’s alleged that he cheated. PAPpyists say he was driven around in a mercedes, stepping out now and then for photo ops.

Whatever, SDP should do a follow-up: Dr Paul should walk from Coney Island to Tuas, meeting fellow S’poreans along the way.

He needs the exercise. At the recent wedding of the daughter of another Oppo politician, Dr Paul looked like a fat cat, while Minister Shan looked lean and hungry.

Home-grown Razer’s sharp

In Uncategorized on 13/01/2018 at 11:01 am

Using magnetic force to power a batteryless wireless mouse is cutting edge stuff

At the recent CES tech trade fair in Las Vegas, Razer has a first

PC gaming hardware specialist Razer has come up with an interesting way of powering their new wireless mouse – take the battery out entirely.

BBC

It unveiled a wired mouse mat that generates a magnetic field, which in turn, powers the Mamba mouse directly.

“While other companies have attempted to do wireless charging for mice, they have been unable to achieve true wireless power as their mice still need a battery to be charged,” said Razer CEO Min-Liang Tan.

BBC continues

No wonder Razer is proud of itself – tech firms are desperate to free us from the chore of regularly re-charging batteries because they know it could result in a far greater appreciation of their products, according to Ben Wood.

“This is the Holy Grail,” he said.

 

TRE cybernuts are like Lim Tean

In Uncategorized on 12/01/2018 at 4:22 pm

When I challeneged TRE’s cybernuts (Walk the Talk TRE cybernuts, don’t be like Lim Tean)to fund TRE in return for me refusing TRE permission to use my pieces (the nuts forever complaining that my pieces offended their delicate nature), a nut replied

If Tre were to close down because of shortage of funds, we longer read to read your cybershit ! Like that better still.

I posted

TeamTRE, Yr readers are happy to see [TRE] shut down. LOL.

No-one denied that they were happy to see TRE close.

They all like Lim Tean. Mouth full of cock, no action. As I wrote then

It’s almost the end of December but still no picture, no sound on his defamation video and jobs rally: Both were promised by end November by Lim Tean himself.- Remind Lim Tean, it’s December.

Still nothing from him, though he’s KPKBing about the floods, blaming the PAP for thew bad weather.

Bitcoin buyers: Young and male

In Uncategorized on 12/01/2018 at 10:55 am

And East Asian: the int’l financial media reports that the Chinese and Koreans are the most active traders based on info on which exchanges are used.

As to young and male, a FT reporter reported that in December

a survey released by Blockchain Capital, a venture capital firm, found that while two per cent of Americans have owned bitcoin, four per cent of millennials — generally seen as those born between the early 1980s and the early 1990s — have dabbled or owned the digital currency. Among male millennials that share rises to 6 per cent. More than 50 per cent of millennials polled said bitcoin was a positive technological innovation and more than a quarter considered bitcoin safer than banks.

More on our home-grown “Animal Farm”

In Uncategorized on 11/01/2018 at 1:37 pm

After posting “The Gatekeeper”: Our home-grown “Animal Farm”, I came across an interview the author gave about a yr ago to ST.

Reading the interview, it’s clear that she wasn’t setting out to write satirise multiculturalism and multiracism as practiced by the PAP here. Whatever her intention, that’s my reading of the book. And books can have meanings that the authors never intended. Btw, an Oppo leader read the book on my recommendation. He found it hard going because of the fantasy element. Will have to email him to find out if it gave him ideas on how to pak the PAP.

Coming back to the author, maybe she’s very cunning and KS, trying to avoid getting made into an anti-PAP icon, thus avoiding the anti-PAP label, even if it helps sell books.

Look at the trouble M Ravi D-Day for M Ravi and Amos Triple confirm, Amos is really history/ Silence of the usual suspects got into as anti-PAP icons, only to be discarded by them after they served their purpose. Has any of the usual human rights suspects, local or foreign, spoken out against M Ravi’s MTO? Even the cybernuts are silent. Their silence is deafening.

I’m sure they’ll justify their silence by saying M Ravi said the MTO is a “fair resolution” which he hopes will help him get back on his feet.

Blockchain’s the casino and bitcoin the chips

In Uncategorized on 11/01/2018 at 10:58 am

Maybe taz why Jamie Dimon the boss of JPMorgan now regrets calling bitcoin a “fraud,” though he’s still not interested in it.). He wants his bank to be the dealer.

Seriously, an FT reporter reported hearing someone describe “blockchain was the casino and bitcoin the chips”. She said this was “an apt description since investing in cryptocurrencies is very much like gambling.”

From NYT Dealbook

“That’s made it the best penny stock and the worst currency in the world.”

— Matt O’Brien of the WaPo, writing about why Bitcoin is doing well as a speculative investment and terribly as a way to buy and sell things.

 

“Sign of a market top? Hedging is passé”

In Uncategorized on 10/01/2018 at 6:12 pm
Taz headline of NYT Dealbook piece. It goes on

Some investors have apparently decided that protecting themselves against a decline in the markets is a waste of money, Gunjan Banerji of the WSJ reports:

“I haven’t seen hedging activity this light since the end of the financial crisis,” said Peter Cecchini, a New York-based chief market strategist at Cantor Fitzgerald. “It started in late 2016 and accelerated in the second half of the year.”

At the same time, analysts have raised their forecasts for corporate profits as fast as they have in a decade. History suggests that might presage a slump.

Bicentennial project: Bring back the Lions

In Uncategorized on 10/01/2018 at 11:11 am

When I PM saying that there’ll be celebtations for the bicentenial anniversary of the founding of modern S’pore, I remembered what I wrote in 2015.

When I read in 2015,

roarrrrrr…i hve been relocated from my home due to resettlement from mederka bridge aka nicoll highway with my twin brother over to standium walk in 1966 after them they move me to our final place at SAFTI

If you grew up in Singapore, you will remember…

 

 

 

 

 

 

 

I wrote:

We should have moved them back into a prominent, public place: say at either end of the IR at Marina Bay or at either end of the tunnel near the Marina Barrage. Another good site, though less prominent would be on both sides of our side of the Tuas causeway, They could face one another, or face towards M’sia. A better site, and a really prominent place, would be at the Woodlands causeway but there isn’t the land to site them.

Too late now for SG50. But there is time for this injustice to be remedied.

https://atans1.wordpress.com/2015/11/16/sg50-we-forgot-about-these-lions/

Other good places to site them will be at

— Changi Airport (One facing that part of the highway leaving the airport, the other facing that part of the highway entering the airport.);

— in the Gardens of the Bay; or

— where the Kallang Basin meets the sea.

What PAPpists and anti-PAP cybernuts have in common

In Uncategorized on 09/01/2018 at 5:50 pm

 

 

 

 

 

 

 

 

 

 

The other side and the middle ground are stupid and have to be beaten into submission. Given that the 60- 70% of the voters vote for the PAP regularly, this attitude is self-defeating for the anti-PAP cybernuts like Oz tax-dodger (he uses his CPF account) and welfare cheat like Oxygen and his other TRE pals. But taz why cybernuts are nutty.

Historian talks cock about Raffles

In Uncategorized on 08/01/2018 at 8:05 am

“Nearly 200 years ago, British merchant Stamford Raffles arrived in Singapore searching for a place to establish an East India Company settlement to service the company’s trade to China,” began an article, in ST last Friday, that among other things, covered the history of S’pore between the end of the 14th century and 1819.

Raffles was never a “British merchant”. He and other senior East India Co officials would have considered being called “a British merchant”, an insult.


Raffles’s career

Raffles started work as a clerk in the East India Co aged 14 in 1795. He was posted to Penang (as it is now known) as the assistant secretary to the new Governor of Penang, in 1805. When the British seized Java from the Dutch in 1811, he was made Lieutenant-Governor of Java. he left the post in 1814 under a cloud, having to return to London to explain why the occupation of Java lost money: Dutch rule was very profitable for the Dutch East India Co.

After being at a loose end for a while, he was made Governor-General of Bencoolen (a backwater posting) in 1818. He founded S’pore in 1819.

When he ran Java, Bencoolen and S’pore, the East India Co lost money in these places: expenses exceeded revenue. The East India Co was most unhappy. His management skills remind me of our SAF generals turned GLC CEOs.

(Sources: Any reputable book on Raffles, example: Raffles And the Golden Opportunity reviewed here http://www.telegraph.co.uk/culture/books/non_fictionreviews/9729413/Raffles-by-Victoria-Glendinning-review.html)

———————————————————

How can anyone make such a silly mistake?

That anyone isn’t an FT ST newbie.

He is Kwa Chong Guan “the author of the recently published Pre-Colonial Singapore, in the series Singapore Chronicles co-published by the Institute of Policy Studies and the Straits Times Press.”

He is also

a Senior Fellow at the S Rajaratnam School of International Studies at Nanyang Technological University and an Adjunct Associate Professor (Hon) at the History Department at the National University of Singapore. He is also affiliated to the Nalanda-Sriwijaya Centre at the ISEAS-Yusof Ishak Institute.

Whatever his credentials, if he can make such a simple cock-up, how can I take the rest of the article and his other writings seriously?

More on him.

KWA CHONG GUAN
Adjunct Associate Professor (Honorary)
Department of History
National University of Singapore
Kwa Chong Guan works on the intersections of history, security studies and
international relations of Southeast Asia. As an Honorary Adjunct Associate
Professor and Visiting Fellow at the Archaeological Unit of the Nalanda-Sriwijaya
Centre at the Institute of Southeast Asian Studies, Kwa is interested in the long
cycles and emerging deep history of Southeast Asia’s past. As Senior Fellow at the
S Rajaratnam School of International Studies at the Nanyang Technological
University he works on a range of regional security issues with a focus on the implicit
narratives underlying our framing of regional security issues. He started his career
working on policy analysis in the Ministry of Foreign Affairs and then the Ministry of
Defence before being assigned to reorganize the Oral History Department in the
National Archives and concurrently, the old National Museum which he lead through
a strategic planning process to transform it into the current three museums under the
National Heritage Board. He continues to be associated with these heritage
institutions in various advisory capacities and as Chairman of the National Archives
Advisory Committee. As Chairman of the National Library Advisory Committee he is
involved in the integration of the National Archives with the National Library under
the National Library Board. He was previously Head of the old Department of
Strategic Studies at the SAFTI Military Institute where he taught military history and
strategic studies while concurrently teaching history at the School of Arts at the
National Institute of Education. Kwa was called up for National Service after
graduating from the old University of Singapore in Philosophy and History, and
continued to serve as a reservist officer in various command and staff appointment for the next 20 years.

http://www.fas.nus.edu.sg/hist/doc/Prize/Kwa%20CG.pdf

 

S’poreans cannot multi-task?/ Low productivity is PAP myth?

In Uncategorized on 07/01/2018 at 11:19 am

Low productivity is a global problem and yesterday I read in the FT an article suggesting whether a small part of the productivity loss could be blamed on smartphones and computers. Not just time spent on social media, but by making all staff generalists who have to do their own typing, presentations and bookings, despite lacking the specialist skills.

Well the latter could be one reason why

Office workers in Singapore are the least productive among 11 countries polled by enterprise software firm Unit4.

The study found that Singapore workers spend only 60 per cent of their time on their main work duties, compared with a poll average of 72 per cent.

Roughly 380 hours a year are spent on completing administrative or repetitive tasks. This is equivalent to 47.5 work days or two months of the working year.

This loss of productivity is costing the Singapore service industry more than S$36.5 billion annually, said Unit4.

Its survey comes amid studies that show labour productivity in Singapore is decreasing due to significant challenges from structural transformation and ageing demographics.

Singapore office workers said the specific daily administrative tasks that prevent them from focusing on their primary duties include manually collating and entering data, tracking their project status, handling invoices as well as submitting their expenses and planning travel.

http://www.straitstimes.com/business/economy/singapore-office-workers-least-productive-among-11-countries-polled

Whatever, hopefully in 2o18, we will find out that productivity in 2017 improved just like it did in 2016:

Singapore’s productivity could improve a little bit more this year, having achieved 1 per cent growth in 2016, said Prime Minister Lee Hsien Loong on Saturday (Aug 12).

Speaking at a National Day dinner at his ward in Teck Ghee, Mr Lee pointed out that 2016 was the first time in several years that a positive productivity figure had been achieved.

“Productivity is important because it means each worker is able to produce more and therefore we can earn more, therefore the company can do better, therefore Singapore can progress,” said Mr Lee.

“This year, our productivity may do a little bit better still and that’s an encouraging sign,” he added. “It shows that our policies are working, we are able to upgrade our economy and we are able steadily to improve everybody’s lives.”

Read more at http://www.channelnewsasia.com/news/singapore/singapore-s-productivity-could-improve-this-year-pm-lee-9118134

All up to the PM, Tharman and the other ministers? Juz really cut the flow of FTs to the A320 load from the A380 cargo load. To be fair to the ministers, FTs were coming in by the cattle truck load until recently.

After all, the official productivity figures account for the cash value of output produced, divided by the number of workers. And with “a preference among businesses to use extra labour when wages are low”, mathematically so long as cheap FTs are let in, our productivity numbers will be low, giving the PAPpies and other fat cats the excuse not to raise wages: “Productivity is bad, how to give pay rises?”

But what if productivity isn’t low?

One of the great economic puzzles of recent years has been the slowdown in productivity growth across Western nations. There are many potential explanations for this: the continued survival of zombie companies in a low-rate era; mismeasurement of the gains from technology; new tech being less significant than older innovations (the Robert Gordon thesis); a preference among businesses to use extra labour when wages are low. And so on.

FT (my emphasis)

And what if the PAP knows it, but isn’t telling us because it wants to keep on suppressing wages?

Seriously, mismeasurement of productivity (and GDP) is something that is troubling economists:

— https://www.economist.com/news/finance-and-economics/21699939-there-are-more-explanations-solutions-productivity-slowdown-working

https://www.economist.com/news/briefing/21697845-gross-domestic-product-gdp-increasingly-poor-measure-prosperity-it-not-even

 

 

 

D-Day for M Ravi

In Uncategorized on 05/01/2018 at 8:13 am

Update at 2.00pm: Ravi was sentenced to an 18-month mandatory treatment order on Friday (Jan 5) for causing hurt to two lawyers, and breaking into an office.

Ravi has to comply with five conditions under the mandatory treatment order. He has to undertake blood tests as and when required to determine that he has taken his medication and will need to undergo psychological sessions at the Institute of Mental Health.

Ravi will also have to agree to have his private psychiatrist, Mr Munidasa Winslow, share information with the IMH team.

Read more at https://www.channelnewsasia.com/news/singapore/m-ravi-given-18-month-mandatory-treatment-order-after-assaulting-9835020

———————————————————————————————–

Doom Day for Ravi. Later today, He’ll appear in court to find out if he’ll get a MTO order or go to prison. The former is the more likely outcome. It’ll not be a good day for Ravi, whatever happens. In a way, MTO is worse than going to prison because he’s an icon of local and foreign human right activists, and other anti-PAP types.

The court ordered last year that Ravi (after he pleaded guilty to a string of serious offences) be assessed by an Institute of Mental Health (IMH) psychiatrist as to his suitability for a Mandatory Treatment Order (MTO)

A MTO is “a community-based sentencing option where offenders undergo mental health treatment in lieu of jail”.

M Ravi apologises for assaults after pleading guilty

Given the severity of the charges he pleaded guilty to (2 assaults and breaking into an office and “Four other charges, including two counts of public nuisance at the Sri Mariamman Temple on Jul 31 and Aug 11 this year, will be taken into consideration during sentencing.”), one would have tot a MTO is better than going to prison.

But as a TRE reader put it

nathan:

If the Mandatory Treatment Order comes to pass then Ravi can be detained in the IMH indefinetly at the mercy of psychiatry review after psychiatry reviews stretching for years until the panel of IMH doctors all agrees that Ravi is ready for release for outpatient treatment. I am sure Ravi is aware of the implication and will resist it best as he can in Court. The MOT is more feared than a normal jail sentence for those familiar with our criminal justice system.

Has Ravi apologised for abusing and hurting a grieving mum?

He’s right. Local and foreign human right activists, and other anti-PAP types are worried that, through a MTO, Ravi will be locked away forever and a day.


Light reading for the weekend: M Ravi’s grandfather’s parliament, is it?

_______________________________________________________

But for those of us who wish him well, a MTO is the only way he’ll be treated properly. This assesment is based on what has happened to him when he was allowed to take his medicine voluntarily. In 2006 – 2007, before he became an icon for the local and foreign human rights activists, he had to serve out a MTO: he had pleaded guilty to causing a public disturbance outside a mosque. Incidentally, this was the first time his bi-polar condition became public knowledge.

The treatment worked and Ravi was soon released. He was thought suitable for the usual treatment for bi-polar sufferers.

Since then his regular manic episodes and his repeated boasts of refusing to take his medicine are on public record. As are his claims, whenever he got into trouble, that he was sorry for his misbehaviour and that he was now taking his medicine.

 

 

What makes S’poreans happy?

In Uncategorized on 04/01/2018 at 10:30 am
When TRE used this How PAP can make S’poreans happy without “raiding” the reserves there was a considered reply.
MENTAL HEALTH in Singapore is a CONSEQUENCE of not a CONDITION for happiness. Being happy in Singapore means first having enough to put food on the table, to have a decent job, and to be able to educate your children.
Well this explains why ang moh tua kees like Kirsten Han and Seehan Peelay don’t resonate with ordinary S’poreans.
———————————————-
——————————————————————
The piece in full. It’s not the usual BS from Aussie tax-dodger and welfare cheat Oxygen (he uses his CPF account to hide money from Aussie authorities while claiming welfare benefits) or pals.
It’s a totful, informative piece even if it takes a couple of cheap shots at me.
Anon:

As usual CI takes a truncated reading of Richard Layard’s research and misses the context of his findings.

Richard acknowledges that the state has tackled issues of poverty, unemployment, education and physical health and he now points to the need to attend to mental health and wellbeing AS WELL.

In case, CI can’t remember (since he claims he lived in London before) Britain has a reasonable social welfare system that supports those unemployed, retired, single parents and so on. It has a SAFETY NET that ensures that those who fall through the cracks are not forgotten. It is not a perfect system and it has been abused in the past but increasingly tightened to prevent exploitation.

By and large, therefore, (and there will always be exceptions) putting food on the table, having a roof over your head is not a critical issue because of the welfare system.

Talking about doubling salaries and increasing happiness marginally therefrom is merely saying that if one has ENOUGH the increase in wealth is not THE priority and indeed good relationships are central to happiness and contentment. So in this regard Richard Layard’s findings are nothing new for people in this part of the world.

A second cultural condition which differs from that in Singapore is that in Britain, by and large, the successful are not always envied; often they are criticised for being exploitative, corrupt etc (think about Philip Green). Many more people here think that if you are successful, you have probably been lucky, had good connections or was at the right place at the right time; nothing to do with intelligence and being clever. Most people believe that given the same luck or opportunity they would be just as successful. In others words, there is nothing special about being rich or successful.

Because this is their attitude aspiring to be rich and wealthy is not an obsession. People marry, for example, not because their partners have money; firemen, policemen, brickies are often preferred to bankers.

The long and short of this and many other more nuanced considerations which ‘anglophile’ CI misses is that wealth does not have the same priority in the order of things here in Britain as it does in Singapore and for good reason.

My final point is CI’s spurious suggestion that mental health can solve the problem of Singaporean’s unhappiness. MENTAL HEALTH in Singapore is a CONSEQUENCE of not a CONDITION for happiness. Being happy in Singapore means first having enough to put food on the table, to have a decent job, and to be able to educate your children. CI has put the cart before the horse. And the reason why he has missed this obvious point, is he (through luck, good connections etc, not intelligence) is living in a ‘private estate’; i.e. out of…

Re the last para taking a cheap shot at me: Napoleon wanted to know only one thing when he promoted generals to Marshalls,  “I know he’s a good general, but is he lucky?” because “I’d rather have lucky generals than good ones.”

And waz wrong with being well-connected rather than intelligent?

I met a girl on Christmas Day that juz finished Pre U in RI. I was shocked to hear that in her cohort there were about 1200. In my time, late 60s early 70s, RI had a population of around 1200. Now even taking into account the growth in population, in one component of intelligence (academic results), there’s simply too many intelligemt people.

So being lucky or well-connected, or both, is a lot better than being intelligent.

Whatever, writer should consider moving over to Chris K’s FB wall. Too many anti-PAP nuts there now. Help needed to return the wall to it’s former status as a safe place for thinking anti-PAPpists, those who want PAP to improve or those who just want to a more open society.

Wah lan ang moh tua kee not happy we celebrating our founding by ang moh

In Uncategorized on 03/01/2018 at 4:45 am

I was shocked to read this from a real ang moh tua kee

Some countries are struggling with their colonial pasts, with many questions about inequality, exploitation, reparations (or, mostly, the lack thereof) and how all these things still factor into global politics and justice today.

Not Singapore! Let us come together this 2018 and commemorate the 200th anniversary of Raffles’ landing to make money out of this island and its people. Yay!

This came from Kirsten Han, a tual kee ang moh tua kee person.

As far as I’m concerned when Raffles came here, he wasn’t taking much of value from the Malays living here. In fact their leaders were very happy: Hussein Shah was paid $5,000 (Spanish silver dollars I think as this was the common trading currency in the region) a year while the local Temenggong received $3,000 a year. These are equivalent to several hundred thousand dollars each today.

So the

many questions about inequality, exploitation, reparations (or, mostly, the lack thereof)

don’t apply here.

Besides most of the value that was created came from the FTs from the traders from other parts of the Malay archipelago (think the Bugis, Boyanese etc), and from people coming from China, India and the UK.

So let’s not begrudge that an ang moh founded S’pore, and let’s celebrate the two hundred anniversary of his arrival here.

And as I always say, “I’m glad that S’pore was part of the British empire, and not part of the American, Japanese (except for a few yrs), French, Dutch or Chinese empires.”

No, Lim Tean hasn’t absconded

In Uncategorized on 02/01/2018 at 11:19 am

Further to Will Lim Tean & Phillip Ang help out fellow cybernut?, I received information from supposedly angry and worried people who claim that they paid money into one or more of his designated bank accounts that he last posted on FB on 17 November, thanking “friends” for their birthday greeting. They also said his public FB page’s last posting was on 15 November: he was KPKBing about Khaw, SMRT etc.

They seek Lim here, they seek Lim there,
Depositors seek him everywhere.
Is he in heaven?—Is he in hell?
That demmed, elusive Lim Tean*.

As there’s been no picture, no sound from him on a defamation video, a jobs rally or a CPF class action suit despite requesting monies to help pay for all three projects, the depositors claim to be worried that he ran away with their money.


Lim Tean: Serial money raiser

Jobs rally and defamation video promised for November: Remind Lim Tean, it’s December

Class action law suit: CPF class action: Phillip Ang’s “reply’ to fellow cybernut

——————————————————–

Rumour has it that a few police reports have been filed complaining that he took money under false pretences. But as, Phillip Ang, his class action CPF law suit partner is still blogging regularly, maybe those who paid into the class action law suit bank account should contact Phillip Ang rather than file police reports against Lim Tean?

I’ve done my checks and can assure these people that while he’s either AWOL (sking in the Alps) or MIA (in hospital) depending on who is telling the story, their monies are safe. Lim Tean is a very rich man, unlike other Oppo or wannabe Oppo Red Indian chiefs.

My serious point is that if Lim Tean wants to be taken as serious Oppo figure, he shouldn’t be a serial fund raiser, who fails to live up to his BS rhetoric. Promising a video and jobs rally in November and not delivering, and then keeping quiet is a great way to build a reputation as a talk cock, sing song artiste.

Success has many mouths but failure has no tongue.

—————————————

*Apologies to the original

We seek him here, we seek him there,
Those Frenchies seek him everywhere.
Is he in heaven?—Is he in hell?
That demmed, elusive Pimpernel.

Sir Percy Blakeney, Baronet

Uniquely S’porean: Stress is good

In Uncategorized on 30/12/2017 at 1:03 pm

High levels of competitiveness and anxiety make S’poreans successful.

So stop KPKBing Chris Kuan and other anti-PAP types that S’pore’s has the highest rate of depression in Asia according to the World Health Organisation. Feeing depessed? Juz take Prozac or cheer when the govt persecutes locks up another subversive.

Seriously, while competitiveness at school may not yield the best exam results round the world, S’pore’s 

https://www.economist.com/blogs/graphicdetail/2017/04/daily-chart-15

one of the exceptions:

Although a handful of places, notably Singapore, display strong test scores despite high levels of competitiveness and anxiety, most countries near the top of the anxiety scale, such as the Dominican Republic, had below-average results on the PISA science assessment.

 

 

Harry’s “real son”

In Uncategorized on 30/12/2017 at 9:13 am

When I read this  and remembered the allegations about Harry complaining, after his resignation from the cabinet, that our PM, his son, was a softie and that DPM Teo would have made a better PM, I couldn’t help but think that Hun Sen (he says he admires LKY) is the kind of son that he was pining for.

Hun Sen, who has been prime minister for 32 years and says he intends to remain in the job for another decade. Not content with securing a ban on the main opposition party, he is now persecuting unions, NGOs and anyone else who criticises the government.

https://www.economist.com/news/asia/21732850-unions-ngos-and-environmental-activists-are-all-feeling-squeeze-cambodia-systematically

Hun Sen is no softie. He carries a hatchet and is not afraid to use it. If he had siblings who behaved like Dr Lee and Lee Hsien Loong, they’d be in prison at the very least.

 

 

Walk the Talk TRE cybernuts, don’t be like Lim Tean

In Uncategorized on 29/12/2017 at 1:37 pm

When TRE used this TRE reader tells off s/o JBJ, analyses TCB’s comments there were, as usual, several complaints that TRE was using too much of my stuff. Some nut posted “stupid TRE moderator who keeps publishing his articles despite many readers’ complaint. Although the mod keeps denying it, they must have agreed on something between them.”

I was reproducing comments by a regular TRE reader who although not insane or bi-polar or autistic is no fan of the PAP. So why not direct their unhappiness about piece at him, not TeamTRE or me?

Seriously does Oxygen and his nutty pals ever wonder if TRE is secretly funded by the PAP? Hence despite the protestations of not having money (its given up asking for help from its readers), TRE still keeps on going?

Here’s my dare to the cybernuts. Raise $10k to fund TRE and I’ll forbid TRE from using my pieces forever and a day. Come on Oxygen, if u are such a great investor putting another 10k into TRE should not be a problem. Right?

Whatever, don’t be like Lim Tean. It’s almost the end of December but still no picture, no sound on his defamation video and jobs rally: Both were promised by end November by Lim Tean himself.- Remind Lim Tean, it’s December.

And will he and Phillip Ang deliver on class law suit: CPF class action: Phillip Ang’s “reply’ to fellow cybernut?

Once the required resources, not just financially, are in place and before the suit is launched, there will be more updates. Action speaks louder than words.

Phillip Ang

Err what if the law suit never materialises?

Got refund or not?

Rumour has it that Phillip Ang has cancelled the Ferrari he ordered when anticipating the inflow of funds into the POSB account.

Locals who get paid in cryptocurrency

In Uncategorized on 29/12/2017 at 4:41 am

And it’s not in bitcoin.

Ownself pay ownself ownself’s cryptocurrency. Wonder how company calculates CPF rates payable? And how is reporting of salaries is done to Inland Revenue?

From a BBC report (http://www.bbc.com/news/business-42435838)

At the Singapore based blockchain company TenX, staff usually have their base salary paid into their bank accounts, but their monthly bonus is paid in Pay tokens, the firm’s own digital currency.

The tokens, which can be traded on digital exchanges, were issued in an initial coin offering in June, allowing the company to raise $80m.

TenX co-founder and president, Julian Hosp, said it did not make sense to buy Bitcoin to pay bonuses when the company already had its own currency.

Paying bonuses in tokens can incentivises staff as Pay’s value should rise in line with the company’s success, Mr Hosp added.

TenX community manager, Mike Ferrer, has gone further and opted to receive part of his base salary in Pay, on top of his monthly bonus.

The 32-year-old has been investing in cryptocurrencies for some time, and accepts that there are huge risks, but says he only invests what he can afford.

“I visualise myself throwing in a pile of money and watching it burn in front of me, and if I can’t feel comfortable with that then I know I’ve over invested”, Mr Ferrer said.

Cybernuts really that stupid and cheapskate

In Uncategorized on 28/12/2017 at 12:16 pm

This describes cybernuts to the T:

Social media gives legions of idiots the right to speak when they once only spoke at a bar after a glass of wine, without harming the community […] but now they have the same right to speak as a Nobel Prize winner. It’s the invasion of the idiots.

Umberto Eco

Who he?

Through Eco’s academic writings and his bestselling books, he became a respected intellectual voice both in Italy and abroad.

https://www.theguardian.com/books/2016/feb/20/italian-author-umberto-eco-dies-aged-84

Don’t believe me when I describe the cybernuts? Well read the comments made by TOC readers collated by TOC https://www.theonlinecitizen.com/2017/12/27/cnas-piece-on-hawker-food-fails-to-see-the-bigger-picture-comments-netizens/.

And remember that TOC cybernuts are not the dumbest of the dumb. TRE cybernuts are the dumbest of the dumb.

 

Well-travelled author’s historical novel about S’pore

In Uncategorized on 28/12/2017 at 5:18 am

When I came across this

ALL ABOUT AUTHORS: Did you know that author Meira Chand lived in England, Japan and India, before permanently relocating to Singapore?
Her books, Sacred Waters, details a journey of a different sort, as protagonists Sita and Amita explore the road to self-discovery in the face of societal and communal hurdles.

LocalBooks.sg

I had to check her out. If u into pretentious BS read

http://www.straitstimes.com/opinion/a-strangely-mixed-bag-of-possibilities

Whatever she wrote a historical novel about S’pore http://www.meirachand.com/books/a-different-sky/. It covers the immediate pre-World War II period, the Japanese Occupation and the immediate post war period. If it reads like the way she comes across in the ST interview, not worth opening it then even if ang mohs are said to love it. But then she comes across as one of those ang moh tua kee types.

Btw, she’s on the National Arts Council the body that withdraws grants (sometimes even demanding money back) on books deemed not to do talk about the “right” constructive, nation-building things: Quiet activist looking at his bank statement and smiling.

S’pore abandoned, Bank of S’pore bust

In Uncategorized on 26/12/2017 at 1:42 pm

Not the dreams of Oxygen and his fellow cybernuts come true, but reality. Not S’pore in a parallel universe but in S’pore, Michigan.

https://en.m.wikipedia.org/wiki/Singapore,_Michigan

This S’pore did not have the PAP running it. Anti_PAP types ran it.

How PAP can make S’poreans happy without “raiding” the reserves

In Uncategorized on 26/12/2017 at 5:35 am

On a scale of one to 10, the doubling of someone’s pay saw their happiness rise by less than 0.2. The researchers said this was down to people caring more about how their incomes compared to other people’s than how it affected them.

However, having a partner saw happiness rise by 0.6 – losing a partner by separation or death saw the same impact downwards.

http://www.bbc.com/news/uk-38285223

The PAP can focus on mental health and making sure everyone has a partner. Err on second tots forget about the partner bit.

Good mental health and having a partner make people happier than doubling their income, a new study has found.

The research by the London School of Economics looked at responses from 200,000 people on how different factors impacted their wellbeing.

Suffering from depression or anxiety hit individuals hardest, whilst being in a relationship saw the biggest increase in their happiness.

The study’s co-author said the findings demanded “a new role from the state”.

The study was based on several international surveys from around the world.

 

Trump and Republicans take a leaf from PAP’s playbook

In Uncategorized on 24/12/2017 at 5:16 am

Remember the howls of protest from the ang moh tua kees and the other anti-PAP types when the PAP administration reduced state spending on wards that had Oppo MPs? Unfair they screamed.

Seems that ang mohs in the shape of Trump and the Republicans have done something similar. Their Christmas present tax cut clearly favoured loyal red (Republican-voting) states over Democratic blue ones.

Deductions of state and local income and property taxes, known as SALT, when calculating liability for Federal taxes is now limited to US$10,000. The provision hits hardest Democratic-leaning states with high incomes, high property values, and high taxes, like New York, New Jersey, and California.

FT reports that a New York based banker earning US$5m a year, will be paying an extra US$400-500,000 in taxes.