Why need foreign talent in finance? Look at the three local banks that we have, big strong and financially sound. These banks were built, brick by brick, under conservative and traditional principles and practices of banking. They grow in a slow pace, under strict regulations and scrutiny.Their conservative and traditional practices have lagged them behind the multinational American and European banks, the Citis, Goldmans, the US carriers the perfect targets 'Setting the stage for a possible conflict, Beijing has grown increasingly vocal in its demands for the U.S. to stay away from the wide swaths of ocean — covering much of the Yellow, East and South China seas — where it claims exclusivity. It strongly opposed plans to hold U.S.-South Korean war games in the Yellow Sea off the northeastern Chinese coast, saying the participation of the USS George Pavlov’s Law in action Pavlov is famous for his experiment in substituting a stimulus to elicit a desired response. Animals can respond for instance to a bell or a light and salivate as if it is responding to a food stimulus. After reading the papers these few days, I can relate to how we train our young to respond to money as a stimulus. Little school children were given tickets to watch YOG programmes but have to We have overcome Asia Insurance Building was the tallest building. Bukit Timah Road was the longest Road. Two battalions armed with 303 rifles and a few guns, we used them for ceremonial salutes today, were all we had. We had 3 tiny reservoirs and had to depend on Johore for our water supply. Each family had 8 to 10 children, mostly uneducated, under employed, and crammed into attap huts or Chinatown cubicles. YOG and empty stadium Why students not attending YOG events despite being given free tickets?Why, maybe transport fare is too expensive. You think travelling around is free and the students got so much money to spare? War crimes in Sri Lanka and Myanmar America is behind the war crime investigations in Sri Lankan and Myanmar under the UN umbrella. How come there is no war crime investigation against America in Vietnam, in Iraq, Afghanistan, Pakistan and Guantanamo? Why were there no war crime tribunal against the indiscreet killing of civilians in Nagasaki and Hiroshima by the Americans. And pushing it a little back, why no crimes against How much are the fare increases? We know that the fares were raised. We know that it was meant to be a fairer system. We know that 3 out of 4 commuters would benefit from the fare hike and 1 out of 4 would have to pay more. How much more and how much less? We also know that the transport companies would lose $88m in revenue. Really?Let’s look at some numbers. I am using what I know to extrapolate the impact on all the commuters. The financial industry getting darker With more big players coming here to operate dark pool electronic trading, the activities in the finance industry will surely get darker. Dark pool operations are against the merits of transparency. Ronald Arculli, chairman of Hong Kong Exchange said that ‘dark pools pose a “systemic risk” to financial markets because of their lack of transparency.’ However, when the industry practice is less Why are the oldies complaining about fare hike? The recent fare hike, or to put it better, fare adjustment, was not meant to be a fare hike. Whether commuters, especially the senior citizens, travel longer or shorter distance, need to make a transfer or not, there will be a saving. I am a senior citizen and I am speaking on my first hand experience. I am benefitting by adjusting my pattern of travelling. Before the fare hike, if I travel 1 The virtuous deaf frogs The fare hike was meant to benefit the commuters. But it is ok that 1 out of 4 got to pay more. Lily Neo was furious and asked, 'Is the minister aware of the frustration and anger of many...on the ground? Raymond Lim 'acknowledged that some seniors face "significant fare increases". And it was an agonising decision that the Public Transport Council had to make. Then what? Stop whining and move on Vandalism or littering allowed? Inserting flyers into people’s doors and gates is not vandalism and not littering. Ok, I accept that. Is it trespassing when they are not wanted? It is public nuisance when the owners would have to make the effort to throw them away? Is it a fire hazard when too many are left around and a lighted cigarette could set them ablaze? Is it a security risk to the owners when the flyers are a tell tale I am back! Practically every week there will be news on LKY making some calls on national affairs. After his revolutionary statement that there shall be no retirement age, the reports are the surest sign that he will be standing in the next GE. I believe he was the man who advised Deng Xiaoping to replace the old Chinese leadership with younger men and women in charge. China has done so and their leaders Is Superbug another health crisis? The fear of H1N1 has just subsided after hundreds of millions of dollars were spent to stock up the vaccine by fearful nations, particularly those countries that have a lot of money to pay for the drug. The pharmaceutical companies must be very thankful for the monetary windfall for a crisis that was blown out of proportion and is now seen as not worst off than another variation of the common Notable quote by Lee Hsien Loong "Let us welcome them with an open heart, help them to fit in and encourage those who will become citizens to strike roots here. If we do this well, by the next generation, their children will be native Singaporeans." Lee Hsien LoongThe future of Singapore is looking very bright and exciting. We are going all out to woo the brightest talents from all over the world, including those who helped in $20 for senior commuters Gan Kim Yong is dishing out $20 from his CCC fund to senior citizens affected by the recent fare hikes in public transport. Only those who are 60 and above and have less than $1,500 monthly family income qualified. It is expected that this will cost the CCC $20,000. This is a one time payment though there is possibly of further payments.Is there a real problem affecting the senior citizens? After The Bankrupt of America ‘The US is bankrupt and it doesn’t even know it. Economy won’t be big enough to handle US$4 trillion in entitlements owed to 78 million baby boomers.Let’ get real. The United States is bankrupt. Neither spending more nor taxing less will help the country pay its bills….’ This is the heading and first paragraph of an article in Bloomberg, by Laurence Kotlikoff, Professor of Economics at Boston Notable quote by Seelan Palay “Before we begin, I’d like to clarify that I’m in the dock in shackles, cuffs and chains not because I have committed any crime. I am here in this state because of another unjust law administered on behalf of the PAP Government.” Seelan Palay I copied the above quote from jacob 69er. Seelan was speaking to the judge just before the proceeding of his trial. I totally disagree with the way we treat A frightening and uncanny similarity Please read the extract below from an article by Laurence Kotlifkoff, an economics professor of Boston University.‘We have 78 million baby boomers who, when fully retired, will collect benefits from Social Security, Medicare and Medicaid that, on average, exceed per capita GDP. The annual costs of these entitlements will total about US$4 trillion in today’s money. Yes, our economy will be bigger What is $10 million? This is a statement that a friend of mine used to gripe about. He was cheesed off when he heard this statement made by an elite. That is another world of successful people who have made literally tons of money and $10 million is not money to them in the real sense. It is better that we come down to earth and talk about $100k. What is $100k? Some foolish people take this just as a number. What is Be thankful for the gripes What would this island become if there is no gripes? One thing for sure, we will continue to see 3,000 public flats being built annually and the resale price of 3 rm flats could be $1m by now. And yes, our population will have hit 6m! And SMRT will be happily recruiting pushers to push the commuters into the sardine packed trains and happily announcing more profits. What else could happen? Japan PM apologises to South Korea Japan PM Naoto Kan apologises to the people of South Korea for the humiliating colonisation of Korea in the early 20th Century. The thought of colonising a people of another country, robbed them of their pride, culture and identity, treating them like animals and murdering them at their fancy, is something unthinkable today. How could any country go around thinking of colonising and subjugating We are doing it for Singaporeans The govt is doing it for the sake of the Singaporeans. This is the most explicit commitment made on National Day by Hsien Loong. We need to bring in more foreign workers for the sake of Singaporeans. Can’t the Singaporeans understand what the govt is doing? What else were done for the sake of the Singaporeans? Higher GST, for the sake of poorer Singaporeans. Higher HDB prices, for the sake of Would your parents love you less? Would your parents love you, or love you less, just because you are a little slow, a little dull, a little complacent? No, parental love transcends all the superficiality of physical perfection or human perceptions of goodness and cleverness. No parents will send their children packing because they are less able, and replace them with other people’s children. It is always children first, under Singapore’s two addictions Be in Ice or Heroin, an addiction is an addiction. The danger of all addictions is that it takes more and more to get the same high. This means it cannot be stopped or hell will break lose. It is a vicious and very destructive cycle.Our country’s two main addictions are OPM and OPT. OPM comes from statutory boards and the CPF. These money becomes cheap loans to be invested, some called it South China Sea, an issue of US Commitment or Interference Chua Chin Hon, ST’s Bureau Chief in Washington, wrote an article titled, ‘South China Sea issue a test of US Commitment’. The article can best be summed up as a western interpretation of events in South East and East Asia and the role of US to take charge as the undisputed Empire. It touched on how China was staking its claims to 80% of the South China Sea and how this would have rattled the Notable Quote by Allan Snyder ‘I will be most distressed if my son comes back with a string of As. Going by my research, it would mean that he is probably not going to do anything exceptional.’ Allan Snyder, Director, Centre for the Mind, University of Sydney.Would words like these give comfort to our mothers and fathers of children without straight As and with some struggling at the bottom of the heap? I am no expert in Aerial Photos of NDP NDP Aerial DisplayJust a few aerial pics of the NDP taken earlier. National Day Message, A Retake Every National Day is a time for reflection about what this country is all about. National Day brings to light the meaning of nation, and the perennial question being asked is whether we are a nation, or are we getting there. After 45 years of strenuous nation building exercises, sadly, we acknowledge that we are not getting near there. It is still a work in progress.Maybe this is a blessing. Why More flats to be built in 2011 Mah Bow Tan has come out to assure the first time home buyers that more flats, to the tune of 16,000 units will be built next year, and more to come if the demand is there. It is good that he has implicitly acknowledged that there is a serious mismatch in the demand and supply of HDB flats and is trying his best to meet the penned up demand.The current spate of new flats being offered would ease 3 most costly expenditure of Singaporeans The 3 most expensive items that Singaporeans have to throw their money at are property, car and hospitalisation. A simple flat is likely to cost an average Singaporean $1m by the time he pays up his mortgage. The cars which he would have to purchase in his lifetime would range from $300k to more than a $1m, to an average Singaporean. The rich would spend more than $1m for a car, let alone several