Wednesday, June 2, 2010

Logic Quiz

Try puzzle 8 in this webpage. It is a new type of logic quiz.

Tip
Althought the structure of the quiz is different, I was able to apply the same technique as the Intelligence Quiz to solve this puzzle.

Trend towards contract work

Dear Mr. Tan
Without good paying jobs, consumption will suffer, which will cause even fewer jobs and less consumption:

http://money.cnn.com/2010/06/01/news/economy/contract_jobs/index.htm
 
JLN
 
My comment
I have observed this trend for some time. I agree with the findings. If workers do not have security of employment, things will continue to get worse.

How can top CEOs and bankers continue to make so much money, when other people in the economy suffer a drop in income? This is a consequence of our free market system. The solution is to get back to a more regulated economy - i.e. more regulation on terms of employments, hours of work, security of jobs, fair compensation and other factors.

Economic growth and asset prices

Some economies were able to achieve rapid growth over an extended period. During the initial years, they adopted economic policies that proved to be attractive for inward foreign investments. This created jobs and lead to a productive economy.

The next stage of the economic development was funded by the rapid rise in property prices. As these assets appreciated in value, the owners felt that they had become wealthy. The governments were also able to use the appreciated values of their assets to take more borrowings to fund national development and other spending. Some of these spendings become wasteful and were not economical justifiable.

After a few decades of inflated asset values, these economies will have to face their reality. Asset bubbles allow more debts and borrowings and do not really create productive wealth. There has to be a payback time.

We have seen the bursting of the asset bubbles in Japan in the 1990s and the continuing pain for two decades. We are now seeing this situation in the USA and Europe. Singapore is also funded on this type of asset bubbles. The high property prices have to be paid through many years of future hard work.

It is sad that in an asset bubble, the earlier owners (including foreign funds) creamed off the big profits and leave the burden of higher asset prices to be paid for by future generations.

Tan Kin Lian

How to end the meaningless struggle?


Extract from Tommy Wong's book, "Wisdom on How to Live Life"


Tom: Can you elaborate further on living as souls?
Guru: As we live as souls and we know that souls’ existence is eternal, we’re not too interested in undertaking tasks that are merely for the sustenance of our bodies.
Tom: So life is not about working for a living?
Guru: It should not be, but unfortunately many do and life becomes a meaningless struggle.
Tom: Meaningless, why meaningless?
Guru: Because many struggle just to keep their bodies going and yet their bodies are bound to perish. That’s why it’s meaningless.
Tom: Can we make life more meaningful?
Guru: Sure, by undertaking tasks that is good for the soul.
Tom: Such as?
Guru: To know spiritual truths, and to live with these truths and discriminate against falsehood.
Tom: Name one spiritual truth.
Guru: We are souls and not bodies.

Tommy Wong

This book can be purchased online here.

Training videos

Youtube is an excellent channel for businesses to upload videos for staff training, communication and marketing. It can be done in a simple, lost cost way and can achieve good results. Here is an example of the use of videos for marketing.
www.easysearch.sg/videos

Survey for university thesis

Dear Mr Tan,

I would like to request for your favor, if possible, to kindly help to publicize my survey on food consumption pattern in CBD. The survey consist of 10 questions and would only take approximately 3 minutes to fill up. The target audience would be anyone who is currently working in CBD area.


Survey Link : http://www.surveymonkey.com/s/8VH2DVG

The findings from this survey are going to be used for university thesis. Thanks in advance for your help. I really, really appreciate it.


Claire

Improvement in service

I wrote to my bank to suggest that they should allow the customer to enter a reference number for an ATM funds transfer. This will allow the recipient of the funds to know the party who has made the transfer.

The bank acknowledged my suggestion but did not give me any reply for several weeks. This type of poor communication is quite common in Singapore.

I sent a reminder to the service quality manager. She replied that the bank is now studying the technical feasibility of providing a virtual keyboard on the touchscreen of the ATM.

I suggested that they should just implement the numeric input, which just involves a simple change to the software and is quite easy and inexpensive to implement. There is no need to make any hardware modification to the ATM machine and can be done with ATM machines that do not have a touch screen. It will probably meet the needs of most people involved in the funds transfer.

It is better to look for simple and inexpensive ways to implement improvements. There is no need to spend a lot of money or time to make comprehensive and complex changes. They should also learn to call and talk to the customer, rather than work independently to find their own solutions.

Tan Kin Lian