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Just my Observation

Not for love of money, but of Humanity. "Greater is he who works for the good of all, then he who works for the good of himself only" ~ Matthew 25:40: "The King will reply, 'I tell you the truth, whatever you did for one of the least of these brothers of mine, you did for me.'"- (NIV). I live in Singapore where the Emperor must not be disturbed.

Wednesday, October 24, 2012

'Give Way to buses scheme'= senseless, draconian public policy?

Solution to long bus commuter times is more frequent bus services and bus lanes, not cart before horse 'Give Way to buses scheme'

Isn't it common sense that one easy way for a bus to exit a bus bay is for another to enter it?
A bus seeking to enter a bus bay would obviously block off all oncoming traffic so that the bus exiting it would then easily exit (where road dimensions do not permit the provision of bus lanes).

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Posted by bic_cherry at 1:47 PM No comments:
Labels: cycling, public transport, Traffic regulations

Tuesday, October 16, 2012

Bank failure in Singapore- is PM Lee is sleeping with the enemy?

PM Lee says that he cannot regulate banks; time to put your $$$ in portions of $50k in different Singapore banks?
Saw the following news report about PM Lee saying that he cannot really tell the difference between retail banking and investment banking functions that some banks operate: 'Regulating tightly 'not always feasible'' [ST, 08Oct2012] : e.g. your savings earning 0.1% interest p.a. could be (mis)used by some banks to bet on extremely risky 'investments'- futures/ derivatives/ CFD/ CDO/ CDS etc etc, with potential benefits (banker's bonuses) but equally high downsides: see 'Rogue trader costs UBS $2 billion' [CNN, 19Sept2011] which losses cannot help but be translated into share holder losses, (SG inc. not being spared): 'Singapore Inc. Facing $7.4 Billion UBS Loss Tops Chain of Soured Bank Bets' [Bloomberg, 27Sept2011].
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Posted by bic_cherry at 2:02 PM No comments:
Labels: Economics (poverty), governance (bad), scams, transparency

Tuesday, October 9, 2012

Madam Vellama Marie Muthu and the health of democracy in Singapore.


Re: AGC seeks legal costs against resident in Hougang by-election case
by Kimberly Spykerman Updated 10:11 PM Oct 08, 2012
Having a constitutional case against SG govt (AGC) in court is like going to the casino, whomsoever has more $$$ to hire Senior/ Queens council (raise the stakes) will win the case, then bankrupt the opposition so that it would no longer exist. Happened before, still happens now.
Justice here it seems, sides with the wealthy in Singapore.
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Posted by bic_cherry at 2:48 PM No comments:
Labels: Legal, Politics/ Governance (gen)
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bic_cherry
A Singaporean deeply afraid that PAP CEOs might one day sell off our country when its returns dwindle. ... Have that eekie feeling tt PAP acronym truely means Pleasure and Plenty through Plunder and Profit, pls reassure me. ======================= Author is no political analyst nor lawyer, the opinions stated in this blog his own.
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