Here are three ways for thiefs to steal information from your credit and debit card and made fraudulent payments. Be careful
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Tuesday, December 28, 2010
The Property Bubble and Investment Trap
Hi Mr Tan
I wrote this piece on Property in my Blog inconjunction with my last posting and article for SGEP on ""Concepts About Aging - Nanjing YY Li vs Singapore MM Lee" for year-end closing. I have received some positive comments via emails.
http://de-leviathan.blogspot.com/2010/12/property-bubble-investment-trap-part_28.html
C H
I wrote this piece on Property in my Blog inconjunction with my last posting and article for SGEP on ""Concepts About Aging - Nanjing YY Li vs Singapore MM Lee" for year-end closing. I have received some positive comments via emails.
http://de-leviathan.blogspot.com/2010/12/property-bubble-investment-trap-part_28.html
C H
Note: This article has alse been published in SGEP
Cars in Singapore
COE prices have gone up due to the cut in quotas. Many people, especially those with children, said that they need a car due to the poor transport system, e.g. overcrowded trains and unreliable bus schedules. Allowing more cars to be owned will not solve the problem, as our roads are too congested and there are insufficient parking spaces in the offices and residential estates.
In brief, we have a bad transport system in Singapore. Our hope is that in 5 to 10 years time, when more MRT lines are opened, it will be better. Meanwhile, the construction of the MRT lines add to the congestion and pain. We have to be prepared to suffer many more years, due to the bad planning during the recent 15 years.
There is something that can be done urgently to improve the situation. We need the Land Transport Authority and the two Transport Ministers to be willing to listen. They only need to look to Hong Kong and find out why their transport system is so much better than Singapore. Hong Kong has light buses to bring people conveniently to the train stations and an efficient taxi system (compared to the terrible de-regulated system in Singapore). Many people said that the Hong Kong system is convenient and inexpensive, compared to Singapore.
Tan Kin Lian
In brief, we have a bad transport system in Singapore. Our hope is that in 5 to 10 years time, when more MRT lines are opened, it will be better. Meanwhile, the construction of the MRT lines add to the congestion and pain. We have to be prepared to suffer many more years, due to the bad planning during the recent 15 years.
There is something that can be done urgently to improve the situation. We need the Land Transport Authority and the two Transport Ministers to be willing to listen. They only need to look to Hong Kong and find out why their transport system is so much better than Singapore. Hong Kong has light buses to bring people conveniently to the train stations and an efficient taxi system (compared to the terrible de-regulated system in Singapore). Many people said that the Hong Kong system is convenient and inexpensive, compared to Singapore.
Tan Kin Lian
US economy is still disappointing
There were two bad news last night on the US economy:
- Consumer confidence is low
- Housing prices continue to slump
Snooping on e-mails
There is a news report of a case in America where the husband hack into the e-mail account of the wife and found that she was having an affair. The husband divorced the wife. He was later charged and found guilty of snooping, i.e. reading e-mails of the wife without her permission.
The law in Singapore is not clear on such issues of privacy. There is a need for such clarity. These are important issues governing the rights of people (for privacy) and the free access of information.
We need out laws to be clear on many issues affecting the rights of people and their proper social conduct. We also need the laws to be enforced. I hope that our elected MPs do their duty to bring up issues in Parliament. This is their duty and what they are elected for. We need MPs to be full time, so that they can do their job well. They are adequately paid now to be full time.
Tan Kin Lian
The law in Singapore is not clear on such issues of privacy. There is a need for such clarity. These are important issues governing the rights of people (for privacy) and the free access of information.
We need out laws to be clear on many issues affecting the rights of people and their proper social conduct. We also need the laws to be enforced. I hope that our elected MPs do their duty to bring up issues in Parliament. This is their duty and what they are elected for. We need MPs to be full time, so that they can do their job well. They are adequately paid now to be full time.
Tan Kin Lian
Accidents in Malaysia
There were two recent cases of accidents in Malaysia that should cause concern to visitors. A bus travelling down from Cameron Highlands went into a ravine killing many tourists. A boat capsized after a trip from a kelong in Sibu Island and 4 Singaporeans drowned.
I want to quote these two incidents about the harm caused by the free market, without adequate regulation. The tour operators had to compete fiercely for business by reducing their prices. They pay low wages to workers who have to work long hours to earn enough to make a living. There is inadequate regulation on working hours, minimum wage and safety standards. The consumers are not able to know about the poor safety standards, until they are in the bus or the boat, and then it is too late.
I am in favor of a regulated market, where there is regulation on fair practices and safety standards. The regulation will apply to all business entities. This may cause the price to be higher, e.g. due to minimum wage levels, but it is better for consumers in the long run. We see this type of regulated practices in the advanced countries of Europe, America and Australia. The standards should apply to Singapore, Malaysia and other Asian countries. I am impressed that China is giving attention to this type of issues, rather than just leave matter to the market to sort out.
Tan Kin Lian
I want to quote these two incidents about the harm caused by the free market, without adequate regulation. The tour operators had to compete fiercely for business by reducing their prices. They pay low wages to workers who have to work long hours to earn enough to make a living. There is inadequate regulation on working hours, minimum wage and safety standards. The consumers are not able to know about the poor safety standards, until they are in the bus or the boat, and then it is too late.
I am in favor of a regulated market, where there is regulation on fair practices and safety standards. The regulation will apply to all business entities. This may cause the price to be higher, e.g. due to minimum wage levels, but it is better for consumers in the long run. We see this type of regulated practices in the advanced countries of Europe, America and Australia. The standards should apply to Singapore, Malaysia and other Asian countries. I am impressed that China is giving attention to this type of issues, rather than just leave matter to the market to sort out.
Tan Kin Lian
Fidrec decisions
Fidrec was established to be an alternative dispute resolution center. For Fidrec to gain the trust of consumers, it has to be seen as being impartial and fair to consumers. Has Fidrec met up with this expectation? Please share your experience by sending a confidential e-mail to kinlian@gmail.com. I will not disclose your identity, but I need to gather some feedback to pass to the authority. Please share your experience briefly and state why you felt the process to be fair or not fair.
Straits Times Forum 29 Dec 2010
Provide e-mail addresses on websites of govt agencies
Fidrec adjudicators' decision not binding on complainant
Insurer says sorry for lapses
What does it mean being poor?
What does it mean being poor? A young man from a rich family found out that it is not too bad.
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Fascination by Night
Beautiful night scenes of cities around the world accompanied by my favorite song Fascination sung by Nat King Cole.
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