27 Feb '12, 12am

The S$1.1 billion question — let me say it again #singapore

The S$1.1 billion question — let me say it again #singapore

My earlier article on the proposed S$1.1 billion give-away to SMRT and SBS Transit, our two public bus companies, was, truth be told, rather rambling. I was trying to cover too much ground. A comment by Yuen has motivated me to try to re-state my case, this time in a more succinct way. Further down, I will provide a more direct response to his comment. In six points, my thoughts on this matter are: 1. By awarding sectional monopolies to SMRT and SBS Transit, the government has pulled a veil over the question of whether these companies have operated as leanly as they could. How do we know they have not over-rewarded their directors and senior staff? How do we know they have been as efficient as possible? Or that they have not been over-generous with dividends? 2. Therefore, how can we take them (and the government) at their word that they are unable to expand their fleets t...

Full article: http://yawningbread.wordpress.com/2012/02/27/the-s1-1-bil...

Tweets

$1.1 billion subsidy for bus operators

tankinlian.blogspot.com 25 Feb '12, 12pm

Alex Au used the word "chimera" to describe the two bus operators. I checked Wikipedia and found this explanation: A chime...

Government's $1.1billion injection sparks nationwide debate.

Government's $1.1billion injection sparks natio...

straitstimes.com 26 Feb '12, 12am

A higher-quality bus system could encourage more people to leave their cars at home and take public transport, say transpo...

How to feed 7 billion of us without ruining the planet

How to feed 7 billion of us without ruining the...

grist.org 28 Feb '12, 1am

It turns out converted rainforest land is neither particularly productive as farmland nor climate smart, since creating it...

TConsole 1.1

rubyflow.com 29 Feb '12, 8pm

TConsole is a dedicated environment for running your MiniTest suites, both for Rails test suites and for any other project...

Let's just pretend its not Monday today:

Let's just pretend its not Monday today:

hanasecret.com 27 Feb '12, 8am

We detected that your JavaScript seem to be disabled. You must have JavaScript enabled in your browser to utilize the func...

Globalfoundries to acquire ProMOS for NT$20-30 billion, say sources

Globalfoundries to acquire ProMOS for NT$20-30 ...

digitimes.com 24 Feb '12, 5am

Globalfoundries to acquire ProMOS for NT$20-30 billion, say sources Josephine Lien, Taipei; Jessie Shen, DIGITIMES [Friday...

The one million dollar question

thefinance.sg 03 Mar '12, 12pm

If you were given a choice between having $1 million and the gaining the ability to make multi-millions, which one would y...

Drumroll ... 78 Companies and $1.6 Billion in #ProBono commitments for @ABillionPlus Woo hoo!

Drumroll ... 78 Companies and $1.6 Billion in #...

csrwire.com 27 Feb '12, 2pm

NEW YORK, Feb. 27 /CSRwire/ - A Billion + Change, a national campaign to mobilize billions of dollars of pro bono and skil...

How will the planet cope with two billion more ...

iucn.org 09 Mar '12, 1pm

Rather than chasing an infrastructure agenda in which nature is a problem, a cost and a political risk, we can work in sys...

85% of Americans Want Better Environmental Coverage. Let the Media Know.

85% of Americans Want Better Environmental Cove...

treehugger.com 29 Feb '12, 2pm

The environment affects all of us: our life quality, our business sustainability, our economic fortunes. But the environme...

REVIEW: Fiat Professional Doblo Maxi – More than just a van | Blog

REVIEW: Fiat Professional Doblo Maxi – More tha...

cheryl-tay.com 27 Feb '12, 9am

It's been some time since I last drove a light commercial vehicle (LCVs) and I must say that it was a fun and fulfilling e...

STOMP - Singapore Seen - 'Stubborn' guy argues maths question, even after clarification by mathematicians

STOMP - Singapore Seen - 'Stubborn' guy argues ...

singaporeseen.stomp.com.sg 28 Feb '12, 4am

exasperation by how this guy was arguing the answer to 6/2(1+2), even when the answer had already been proven publicly by ...