tag:blogger.com,1999:blog-8772491888812684500.post3415001879666074304..comments2024-03-21T14:35:09.854+08:00Comments on Singapore Notes: Gimme The Old Model AnytimeTattlerhttp://www.blogger.com/profile/11037010707866164010noreply@blogger.comBlogger29125tag:blogger.com,1999:blog-8772491888812684500.post-85333934281156845312014-07-14T10:58:02.777+08:002014-07-14T10:58:02.777+08:00言之不早 - Don't Cry for Me Argentina!言之不早 - Don't Cry for Me Argentina!Thehttps://www.blogger.com/profile/02941744057903049051noreply@blogger.comtag:blogger.com,1999:blog-8772491888812684500.post-68695394342234601182014-07-11T10:14:20.457+08:002014-07-11T10:14:20.457+08:00阿根定了机票 balik kampong了 !阿根定了机票 balik kampong了 !Thehttps://www.blogger.com/profile/02941744057903049051noreply@blogger.comtag:blogger.com,1999:blog-8772491888812684500.post-49348047583809131742014-07-10T22:48:23.393+08:002014-07-10T22:48:23.393+08:00He is a good snake oil salesman. What he is saying...He is a good snake oil salesman. What he is saying is when there are losses, the MAS has the printing press (actually its just electronic: overnight MAS can create money and pass it to GIC/THL thru a few City Harvest-type loops) to patch up the holes created by foolish investment bets). Garmen also has the "unchallengeable" right to tax you to pay for bailouts, and if they don;t want the financial market to downgrade their AAA rating, they would worst case have to issue Sing govt bonds to pay for it. Cosmetically it looks like the garmen would "pay" for the losses, in reality you the taxpayer or saver will end up paying. Good smokescreen, too bad he forgot there is the internet to educate the "dummies" like you and me. I can hear now: 'yakult, shut the internet down!' Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8772491888812684500.post-42464180490067769662014-07-10T21:47:12.362+08:002014-07-10T21:47:12.362+08:00德锅了 ...阿根定了 ! 德锅了 ...阿根定了 ! Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8772491888812684500.post-65959779261684719612014-07-10T10:20:36.350+08:002014-07-10T10:20:36.350+08:00You cannot sue your MP for any untruths said in pa...You cannot sue your MP for any untruths said in parliament.<br />It's called parliamentary privileges.<br />Outside of parliament ... then it's fair game.<br />But in Singapore, you will still need to find a lawyer willing to take your case against a PAP MP (for example).Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8772491888812684500.post-38481804840266588372014-07-10T09:58:15.717+08:002014-07-10T09:58:15.717+08:00They prefer him to go than to argue with a sick ol...They prefer him to go than to argue with a sick old man.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8772491888812684500.post-16922163758335881532014-07-10T09:53:19.671+08:002014-07-10T09:53:19.671+08:00The rear of the rear admiral is the vice of the vi...The rear of the rear admiral is the vice of the vice admiral.Thehttps://www.blogger.com/profile/02941744057903049051noreply@blogger.comtag:blogger.com,1999:blog-8772491888812684500.post-57360493213296304612014-07-09T23:39:25.676+08:002014-07-09T23:39:25.676+08:00I say nationalize them! Then you can reduce the e...I say nationalize them! Then you can reduce the excess cost, the "dividend" payment to the wealthy.Anonnoreply@blogger.comtag:blogger.com,1999:blog-8772491888812684500.post-42352637363733581672014-07-09T21:12:45.368+08:002014-07-09T21:12:45.368+08:00Then those in the lower strata of society should t...Then those in the lower strata of society should take up his arrogant challenge before he kicks the buckets and see how he would take it.<br />After all there are enough of them to send him and party into oblivionAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-8772491888812684500.post-19704156070977651492014-07-09T18:31:10.501+08:002014-07-09T18:31:10.501+08:00If the PM can sue Roy for defamation, can we sue ...If the PM can sue Roy for defamation, can we sue our Ministers for telling lies to the people ?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8772491888812684500.post-19696145667106326022014-07-09T17:03:50.368+08:002014-07-09T17:03:50.368+08:00Money Money Money, Lui Lui Lui. What is there to...Money Money Money, Lui Lui Lui. What is there to be all agog over. As sure as the sun rises, Temasek owned transport companies like SMRT and SBS will be profitable even with the new contracting model. Dividends are almost guaranteed to the shareholders, whatever the model, from the mouth of the money.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8772491888812684500.post-13817653017680006992014-07-09T16:42:38.377+08:002014-07-09T16:42:38.377+08:00It is quite subtle what kojak is saying here: he i...It is quite subtle what kojak is saying here: he is not saying the people are totally insulated from both upside and downside of GIC/THL or MAS' internal or external fund managers. So far as we can tell, all returns beyond CPF interest rate are not returned to the people, it is at the rulers disposition and can be used to fund all sorts of spending including paying higher bonuses. But in event of losses to reserves, the value of reserves is simply written down, meaning the value of reserves backing the Sing dollar is lower (so your Sing dollar will be worth less). In event of heavy losses, the govt will just issue more IOU to plug the holes in GIC/THL, meaning again your sons will have to pay more taxes later. But no members of the government will have to fork out to pay for the losses. See, no PAP town council mayors had to pay for losing town council "sinking funds" in lehman bonds, same for govt reserves.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8772491888812684500.post-91657158919092020052014-07-09T16:00:54.714+08:002014-07-09T16:00:54.714+08:00How does a government guarantee an investment? Wha...How does a government guarantee an investment? What does it entails? If GIC lost money, what will the guarantee mean? It means tax payers' money bailing GIC. It means the people's money guaranteeing the investments. <br /><br />So, in the final analysis, we (CPF members) are guaranteeing our own money. What risk is Tharman talking about?Thehttps://www.blogger.com/profile/02941744057903049051noreply@blogger.comtag:blogger.com,1999:blog-8772491888812684500.post-404610237590955752014-07-09T15:41:37.387+08:002014-07-09T15:41:37.387+08:00TARMAN just said the Govt bears all the risk and t...TARMAN just said the Govt bears all the risk and the risks are not passed to CPF members. What a fucking joke that must be as if the Govt's monies does not belong to the people ? <br /><br />Now again the Govt says they are paying for the buses as if the monies is not from the taxpayers. And on top of that the people will be made to pay for any fare increases to sustain the profitability of the bus companies! <br /><br />What a bloody joker we have here !!!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8772491888812684500.post-86549028665493613832014-07-09T15:22:15.878+08:002014-07-09T15:22:15.878+08:00阿根挺定世界悲了阿根挺定世界悲了Thehttps://www.blogger.com/profile/02941744057903049051noreply@blogger.comtag:blogger.com,1999:blog-8772491888812684500.post-47295588577231285332014-07-09T14:55:14.200+08:002014-07-09T14:55:14.200+08:00@1.37pm
Nothing will change until;
a. LKY dies …. ...@1.37pm<br />Nothing will change until;<br />a. LKY dies …. AND<br />b. PAP loses 5 GRC to the pro-Singaporean parties<br /><br />You gotta ask yourself.<br />Is this a dysfunctional country?<br />Where nothing can be changed until an old man dies.<br />The entire Singapore.<br />Sitting around waiting for him to die.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8772491888812684500.post-62474536554209724052014-07-09T13:53:32.469+08:002014-07-09T13:53:32.469+08:00When ever transport minister say to improve transp...When ever transport minister say to improve transport services, be very scare. Commuters will have to pay and pay. Yeap, give me back the old model with bus conductor and driver when we were paying 5cts to 10cts bus fare. By the way, our country is now turning into a 3rd world country so by right we should pay 3rd world country fare. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8772491888812684500.post-30234667953489116722014-07-09T13:31:19.219+08:002014-07-09T13:31:19.219+08:00I agree with tattler, the old model was never pay ...I agree with tattler, the old model was never pay and pay. There is still a well-known tale among older civil servants who worked in the Goh Keng Swee era. Papers asking for money with no sound reasoning, they would find two cricles on the front page their paper as DPM's comment. No one, including PM would ever dare re-table the same paper after that. Know what the 2 circles mean? Clue: in the old days, there weren't many senior lady officers in the civil service.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8772491888812684500.post-9273242163524218932014-07-09T13:23:56.746+08:002014-07-09T13:23:56.746+08:00言之过早,阿根挺定世界杯了。言之过早,阿根挺定世界杯了。Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8772491888812684500.post-53301668839750370812014-07-09T12:56:31.084+08:002014-07-09T12:56:31.084+08:00Frequent Bus Fare Increase
- Where Is The Money G...Frequent Bus Fare Increase <br />- Where Is The Money Going To Come From? <br /><br />How are Singaporeans going to pay?<br />Got frequent salary increase to help us pay or not ah?<br /><br />Money Saving Suggestion<br />- vote out PAP and save your hard earned moneyAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-8772491888812684500.post-69349039362487085522014-07-09T12:05:18.461+08:002014-07-09T12:05:18.461+08:00Why am I not surprised?
Whenever a PAP Minister ha...Why am I not surprised?<br />Whenever a PAP Minister has a problem.<br />The solution is always to ask Singaporeans to pay more.<br /><br />Why are buses so crowded?<br />Because PM Lee must have his 6.9 million population.<br />And how to accommodate PAP’s 6.9 million population into our buses?<br />Increase bus fare.<br /><br />Do you think you will ever hear PAP say;<br />Singaporeans need frequent salary increase to pay for frequent increase in bus fares?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8772491888812684500.post-52290010705239683252014-07-09T12:04:00.038+08:002014-07-09T12:04:00.038+08:00Frequent Bus Fare Increase - PAP Minister First To...Frequent Bus Fare Increase - PAP Minister First To Champion <br />---------------------------------<br />What about frequent salary increase to pay for the frequent bus fare increase?<br />Why no PAP Minister champion?<br />We definitely cannot afford to support this PAP government anymore.<br />We are being bankrupted liao.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8772491888812684500.post-70014054912492440312014-07-09T11:22:32.650+08:002014-07-09T11:22:32.650+08:00I guess those goons who castigated Ms Catherine Li...I guess those goons who castigated Ms Catherine Lim's article about loss of trust were right after all; Singaporeans trust that this bunch of *&^%$& overpaid underperforming ministers will always make us pay and pay even more. Hell is just the place for them. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8772491888812684500.post-47390154858388075912014-07-09T11:09:45.284+08:002014-07-09T11:09:45.284+08:00It's all a joke. They use fare increases and t...It's all a joke. They use fare increases and taxpayers money to ensure the "profitability" of the transport companies to pay out dividends mostly to TH anyway which is owned by the government. Minority shareholders also get to line their pockets.<br /><br />The transport companies basically run a duopoly with government backing it. If more fare increases will come, it just means a transfer of costs previously paid by the government to the people while the transport companies continue to report "profitability" with dividends collected from the people going into the government's pocket.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8772491888812684500.post-43004162338351392862014-07-09T10:42:33.488+08:002014-07-09T10:42:33.488+08:00I think LTA has problems managing the transport op...I think LTA has problems managing the transport operators, the same way IDA has problems managing the Telco operators. Funny part is that they're all TLC owned. An overhaul is necessary, but it's far too complicated for scholars who've never ever run a business. TLC wins all the time. Always. Anonymousnoreply@blogger.com