Monday, November 7, 2011

High prices in Singapore

I went to the Challenger Store to look a laser presentation remote device. They should me a few Targus models costing more than $120 each. This was rather expensive, as my friend told me that he bought a device for less than $30 in Sim Lim Square.

I went online to search for this item. A few Targus controllers were offered at Amazon store at around USD 50 (excluding shipping). This seemed to be at about half of the price charged by Challenger. I finally decided to buy another brand and paid less than $20 including delivery charges.

This episode seems to show that prices are really expensive in Singapore! It must be due to the high rental and staff cost.

Penn St ex-coach, others charged in child sex case (AP)

STATE COLLEGE, Pa. ? An explosive sex abuse scandal and possible cover-up rocked "Happy Valley" on Saturday when former Penn State defensive coordinator Jerry Sandusky, once considered Joe Paterno's heir apparent, was charged with sexually assaulting eight boys over a 15-year period. Among the allegations was a 2002 incident in which a graduate assistant for the team said he saw Sandusky assault a boy in the shower at the Nittany Lions' practice center.

Sandusky retired in 1999 but continued to use the school's facilities for his work with The Second Mile, a foundation he established to help at-risk kids. The state grand jury investigation also resulted in perjury charges against Tim Curley, Penn State's athletic director, and Gary Schultz, vice president for finance and business. The two administrators were accused of failing to alert police ? as required by state law ? of their investigation of the allegations.

"This is a case about a sexual predator who used his position within the university and community to repeatedly prey on young boys," Pennsylvania Attorney General Linda Kelly said in a statement.

Paterno, who last week became the winningest coach in Division I football, was not charged, and the grand jury report did not appear to implicate him in wrongdoing.

Under Paterno's four-decades-and-counting stewardship, the Nittany Lions became a bedrock in the college game and fans packed the stadium in State College, a campus town routinely ranked among America's best places to live and nicknamed "Happy Valley." Paterno's teams were revered both for winning games ? including two national championships ? and largely steering clear of trouble. Sandusky, whose defenses were usually anchored by tough-guy linebackers ? hence the moniker, "Linebacker U" ? spent three decades at the school. The charges against him cover the period between 1994 and 2009.

Sandusky, 67, was arrested Saturday and released on $100,000 bail after being arraigned on 40 criminal counts. Curley, 57, and Schultz, 62, were expected to turn themselves in on Monday in Harrisburg.

The allegations against Sandusky, who started The Second Mile in 1977, range from sexual advances to touching to oral and anal sex. The young men testified before a state grand jury that they were in their early teens when some of the abuse occurred; there is evidence even younger children may have been victimized. Defense attorney Joe Amendola said Sandusky has been aware of the accusations for about three years and has maintained his innocence.

"He's shaky, as you can expect," Amendola told WJAC-TV after Sandusky was arraigned. "Being 67 years old, never having faced criminal charges in his life, and having the distinguished career that he's had, these are very serious allegations."

A preliminary hearing scheduled for Wednesday would likely be delayed, Amendola said. Sandusky is charged with multiple counts of involuntary deviate sexual intercourse, corruption of minors, endangering the welfare of a child, indecent assault and unlawful contact with a minor, as well as single counts of aggravated indecent assault and attempted indecent assault.

No one answered a knock at the door Saturday at Sandusky's modest, two-story brick home at the end of a dead-end road in State College. A man who answered the door at The Second Mile office in State College declined to give his name and said the organization had no comment.

The grand jury said eight boys were targets of sexual advances or assaults by Sandusky. None was named, and in at least one case, the jury said the child's identity remains unknown to authorities.

One accuser, now 27, testified that Sandusky initiated contact with a "soap battle" in the shower that led to multiple instances of involuntary sexual intercourse and indecent assault at Sandusky's hands, the grand jury report said.

He said he traveled to charity functions and Penn State games with Sandusky, even being listed as a member of the Sandusky family party for the 1998 Outback Bowl and 1999 Alamo Bowl. But when the boy resisted his advances, Sandusky threatened to send him home from the Alamo Bowl, the report said.

Sandusky also gave him clothes, shoes, a snowboard, golf clubs, hockey gear and football jerseys, and even guaranteed that he could walk on to the football team, the grand jury said, and the boy also appeared with Sandusky in a photo in Sports Illustrated. He testified that Sandusky once gave him $50 to buy marijuana, drove him to purchase it and then drove him home as the boy smoked the drug.

The first case to come to light was a boy who met Sandusky when he was 11 or 12, the grand jury said. The boy received expensive gifts and trips to sports events from Sandusky, and physical contact began during his overnight stays at Sandusky's home, jurors said. Eventually, the boy's mother reported the allegations of sexual assault to his high school, and Sandusky was banned from the child's school district in Clinton County in 2009. That triggered the state investigation that culminated in charges Saturday.

But the report also alleges much earlier instances of abuse, and details failed efforts to stop it by some who became aware of what was happening.

Another child, known only as a boy about 11 to 13, was seen by a janitor pinned against a wall while Sandusky performed oral sex on him in fall 2000, the grand jury said.

And in 2002, Kelly said, a graduate assistant saw Sandusky sexually assault a naked boy, estimated to be about 10 years old, in a team locker room shower. The grad student and his father reported what he saw to Paterno, who immediately told Curley, prosecutors said.

Curley and Schultz met with the graduate assistant about a week and a half later, Kelly said.

"Despite a powerful eyewitness statement about the sexual assault of a child, this incident was not reported to any law enforcement or child protective agency, as required by Pennsylvania law," Kelly said.

There's no indication that anyone at school attempted to find the boy, or follow up with the witness, she said.

Curley denied that the assistant had reported anything of a sexual nature, calling it "merely `horsing around,'" the 23-page grand jury report said. But he also testified that he barred Sandusky from bringing children onto campus and that he advised Penn State president Graham Spanier of the matter.

The grand jury said Curley was lying, Kelly said, adding that it also deemed portions of Schultz's testimony not to be credible.

Schultz told the jurors he also knew of a 1998 investigation involving sexually inappropriate behavior by Sandusky with a boy in the showers the football team used.

But despite his job overseeing campus police, he never reported the 2002 allegations to any authorities, "never sought or received a police report on the 1998 incident and never attempted to learn the identity of the child in the shower in 2002," the jurors wrote. "No one from the university did so."

Lawyers for both Curley and Schultz issued statements saying they are innocent of all charges.

In response to a request for comment from Paterno, a spokesman for the athletic department said all such questions would be referred to university representatives, who released a statement from Spanier calling the allegations against Sandusky "troubling" and adding Curley and Schultz had his unconditional support.

He predicted they will be exonerated.

"I have known and worked daily with Tim and Gary for more than 16 years," Spanier said. "I have complete confidence in how they handled the allegations about a former university employee."

Sandusky, once considered a potential successor to Paterno, drew up the defenses for the Nittany Lions' national-title teams in 1982 and 1986. The team is enjoying another successful run this season; at 8-1, Penn State is ranked No. 16 in the AP Top 25 and is the last undefeated squad in Big Ten play. The Nittany Lions were off Saturday.

As the head football coach, Paterno has spent years cultivating a reputation for putting integrity ahead of modern college-sports economics. It's a notion that has benefited Penn State's marketing and recruiting efforts over the decades and one that the Big Ten school's alumni proudly tout years after they leave.

"We're supposed to be one of the universities to follow after, someone to look up to," said sophomore Brian Prewitt of Poughkeepsie, N.Y. "Now that people on the top are involved, it's going to be bad."

___

Scolforo reported from Harrisburg.

Source: http://us.rd.yahoo.com/dailynews/rss/topstories/*http%3A//news.yahoo.com/s/ap/20111106/ap_on_sp_co_ne/fbc_penn_state_ex_coach_allegations

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Forex trading - developing the skill


Here are some tips on how you can develop your skills in forex trading, without having to pay high fees to attend a course. It also warns you that trading is like gambling, similar to visiting a casino. But it can be fun.


Settlement without admitting wrong-doing


If big banks get to settle with the SEC without admitting or denying any wrongdoing, what good does a settlement do in the end?

By Eleanor Bloxham, CEO of The Value Alliance and Corporate Governance Alliance
FORTUNE -- To admit or deny -- that is the question -- or one of them anyway, that the SEC will have to address when they respond to Judge Jed S. Rakoff's review of the regulator's recent settlement with Citigroup. Although Citi has agreed to pay $285 million and make minor reforms, the bank is neither admitting nor denying that they failed to properly disclose the risks of mortgage-related investments to clients in the run up to the housing crisis.
My comment: At least this is one step better than Singapore, where wrong doings go unchallenged - due to lack of regulatory action.


Warren Buffet and stocks

Warren Buffet is confident about investing in US stocks during the current global uncertainty. He takes a long term perspective.

http://money.cnn.com/2011/11/07/markets/buffett_stocks/index.htm?section=money_topstories&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+rss%2Fmoney_topstories+%28Top+Stories%29

Here is the fundamental to back his optimism. Profit of companies are at a record level.

http://www.cnbc.com//id/45195111



Customers move to credit unions

Quote:

NEW YORK (CNNMoney) -- Credit unions and small banks say they've seen big jumps in new account openings thanks to this weekend's "Move Your Money" and "Bank Transfer Day" initiatives, but do the big banks even care?
Digital Federal Credit Union, the largest credit union in New England with 330,000 total members, welcomed 133 new members on Saturday. That's 56% higher than the average 85 account openings it sees on a typical Saturday.
Note: Credit unions are member based organisations, like the cooperative societies in Singapore, that provide basic services to members, including savings and loans.


Scam - Delivery of Gifts

This is a new scam in Singapore, involving delivery of gifts.
http://tankinlian.com/admin/file.aspx?id=593

Get Cheap Car Insurance Quotes Online Fast

Just a few years ago, getting cheap car insurance quotes online was not possible. To get quotes at all was a very time consuming process that involved hours of phone conversations and meeting with insurance agents face to face. Now, however, with the advanced technology available through the internet, you can get auto insurance quotes fast and efficiently.  You can literally go to a website that

Car Auctions in Japan: An overview for Car Importers

Car importers know that car auctions in Japan are a great place to find low mileage, high capability used cars at good prices. My aim in this report is to help you understand these car auctions in Japan best so that you can make a good, informed decision about either to buy from them or not, and how the whole process works.





Why reconsider buying from Japanese car auctions?


We Buy Any Car


This is a good place to start. After all, right now where you sit reading this report is probably many thousands of miles away from Japan. So why would you want to import cars from a country so far away?


There are two exquisite reasons to reconsider buying cars from used car auctions in Japan.

First of all, the option is huge and you can view all these cars remotely online. Auto auctions covering Japan may typically have a few hundred used vehicles, but only the tiniest auction in Japan would have such a pitiful selection.

In terms of private auction locations, we are ordinarily talking about over 1,000 cars per location, and sometimes over 10,000 cars (in the case of Uss Tokyo) all in one place and being auctioned there weekly. Put all these private car auctions together on the Internet, and over 30,000 on a particular day is no ifs ands or buts not at all unusual.

So there is a huge breadth of choice. But that is not all. There is also a great depth of quality. The fact is that Japanese habitancy just do not drive as much as habitancy in other countries. An exquisite group transport ideas and high levels of neighborhood walkability, in expanding to the uncomplicated fact that urban driving speeds in Japan are incredibly low, all works together to keep habitancy from using their cars very much.

Then on top of this the Japanese are fastidious in caring for their vehicles and yet it does not take long before the car they have seems old to them and they want a new one.

So, cars that are low mileage and well maintained are a dime a dozen. But the ironic thing is that the Japanese themselves are no ifs ands or buts not into secondhand items, so they don't no ifs ands or buts want these used cars for themselves.

You can see where this is going: The car auctions in Japan have a great option of great condition, low kilometer cars, but the Japanese habitancy are no ifs ands or buts not that curious in buying them, so prices are relatively low and there is all the more opening for buyers from covering Japan to compete.

Car auction groups and locations in Japan

In Japan private auctions are rare. They are ordinarily part of a larger auction group. Here are just some of the more important groups:

Uss
Taa (Toyota)
Honda
Ju
Jaa
Caa

Uss Tokyo is the largest particular used car auction location in Japan. This car auction runs once a week on Thursdays, and at peak season can have up to 20,000 vehicles all being auctioned on one day.

One auction group that does not have multiple auction locations (called kaijo in Japanese) is Aucnet, who hold their auctions on Mondays. Their model is a diminutive dissimilar in that they do not have a bodily auction house where all the cars are gathered.

Instead, they send out inspectors to car dealers who then keep their cars on their lots until they are sold. Since these dealers are still hoping to sell to a regular buyer at sell price, their sustain price at auction is often a diminutive high compared with what a similar car might fetch at a regular auction.

How can you way the car auctions in Japan?

So far, so good. But wait a minute: How on earth are you going to be able to get a car from some used car auction way over there in Japan? You don't know anything there. You don't speak Japanese. Even if you could buy the car, how would you ship it?

You need a Japanese car exporter to help you with this one.

Car exporters in Japan are set up to handle the process of bidding at the Japanese car auctions, transporting the car from the auction to the port, doing the paperwork and shipping the car over to you.

There are many car exporters shipping used vehicles from Japan, so this then begs the demand of how you find yourself a good one. After all, we are not talking about trivial sums of money here, so it is vital you find one who is going to do a good job for you.

Here are some things to look for:

How many auctions can you buy from, and can you way them all from one place online?
Can you deal with a native English speaker who is also fluent in Japanese? (Nothing is more stressful than trying to overcome language barriers.)
Does this exporter offer expert translations of the car auction inspector's reports and help you no ifs ands or buts understand the health of the cars in the auction?
Does the exporter in Japan have good transportation skills, retention you in the loop about what is happening with your vehicles so you don't worry?
Does the exporter work hard to ensure your cars get to you from the car auction in Japan as swiftly as possible?

Who will bid for you at these car auctions in Japan?

In order to buy from a car auction in Japan, the first thing you need is to be a member of that auction.

This ordinarily entails being a registered firm in Japan as well as having property as collateral and having a guarantor. This precludes regular consumers accessing these car auctions directly, so they tend to be a place where Japanese car dealers and Japanese car exporters buy at wholesale prices.

Japanese car exporters are ordinarily registered Japanese associates and therefore have way to the car auctions in Japan.

Japanese car auction vehicle inspections

Car auctions in Japan have a spoton inspection regime. Obviously the capability of the inspection can vary a diminutive in the middle of auction houses since they are independent companies, but in general the grading ideas they use is very similar and easy to understand.

The cars and other vehicles are registered for the following week's auction, after which they are inspected by inspectors who are noteworthy mechanics.

Now, it is important to bear in mind that these inspections are very thorough, but they do not involve any dismantling of the vehicle, nor do they involve test-driving it. They will often pick up mechanical issues very well, although problems which would only come to light if the vehicle is driven at anything more than the kind of speed you would expect in a parking lot can be missed. This is no fault of the inspectors, just a limitation of an inspection that does not involve a road test.

The inspector writes his report on an auction sheet. He gives the car an allinclusive grading as well as a grading of the interior quality. He also writes details of issues that he has found. Some comments he writes in Japanese, and then issues like scratches and dents that retell to the car's covering condition, he writes on the "car map" - a diagram of the covering of the car.

Remember you should not need to just rely on the allinclusive grading when buying from Japanese car auctions: A good car exporter should give you detailed translations and help you understand what the Japanese car auction inspector has written on his report.

How does bidding work in these car auctions in Japan?

As we have noted above, only members of these auto auctions can no ifs ands or buts bid. They do so in two ways: either at the auction location (kaijo) itself, or online from anywhere.

The computer bidding ideas is the same either bidding at the auction house on one of their machines or remotely online.

Bidding is very fast. Ordinarily a car will be sold in anything from 10 to 45 seconds or so. The actual process may just look like pressing a button in a video game, but there is a real art to doing it right to avoid paying too much for a car - or equally letting it get away by retention back too much.

Sometimes cars will fail to meet their sustain price and bidding is stopped. It is then potential to make offers to the jobber under the auspices of the car auction. Fewer cars sell in negotiation like this than are sold in live bidding. A good Japanese car exporter will handle the process of live bidding and negotiation seamlessly to get the best deals for his customers.

What happens after the car is won at auction?

After a car is bought at a Japanese car auction, the first thing that happens is that it is moved by car transporter to the port. Once at the port, the car waits to be loaded onto a Roro ship, or waits to be loaded into a container.

While the car is in transit from the auction, the car exporter will immediately start finding for bookings on the earliest ship, as well as doing paperwork to de-register the car and pass it straight through Japan-side customs.

Once on a ship, the car will take anything from a few days to over a month to reach its destination. This is generally dependent on the distance of the destination country from Japan.

The car exporter will send the end buyer the Bill of Lading, invoices, the de-registration document and any other documents that the buyer requires for importing the car into his or her country. These import regulations vary from country to country so it is vital to check them before buying anything.

Conclusion

Car auctions in Japan can be a great place for car dealers and car importers around the world to find no ifs ands or buts good capability used vehicles at lower prices than they would expect to be able to find locally. The huge numbers of used cars in the Japanese car auctions that can be viewed online is someone else great plus.

The key to doing this successfully is to find a top-notch Japanese car exporter who both can retell well, and also steer you safely straight through the process of buying from the car auctions in Japan.


Car Auctions in Japan: An overview for Car Importers

Big increase in suicides?

I received a regular e-mail on suicide cases. It seems that there is a big increase in suicides in Singapore - Bedok Reservoir, MRT tracks, fall from HDB flats. This is suspected to be linked to gambling losses at the casino. 

Reduce cost through contract employees

Government employees are now being put on contract at half of the usual wages in the USA. The government has to take this measure to cut the budget deficit, because they are not able to collect sufficient taxes to pay the employees adequately. In other places, these measures are taken to reduce cost, but it is a form of exploitation of workers. The contract workers barely earn enough to pay their bills.

http://www.cnbc.com//id/45187246