Friday, October 29, 2010

Server is now up

My server was done this morning due to a switch problem at the data center. It affected the TKL website and the SGEP portal. The server is now up.

www.tankinlian.com/latest.aspx
www.easyapps.sg/sgep/latest.aspx

Relative and absolute

Contributed by DareToAct
Why I learnt servicing institutional clients when i was an investment manager:

When market is up, the clients look at relative performance.
When market is down, the clients look at absolute performance.

These is basic human psychology and I think those in the Government servicing the citizens need to understand this well.

Don't tell the middle income to be happy with their Executive apartments or EC ---- they are eyeing the relatively pricier condos and landed properties.

Don't tell the lower income and older workers to compare themselves to poorer people in other countries or to compare with the poorer conditions in the past --- they are absolutely poor and afraid now.


DareToAct

T-shirt for unemployed

Contributed by DareToAct











Order here:
http://www.customink.com/designs/1661420/ryd0-000g-c7xt/hotlink?pc=HL-46119&cm_mmc=hotlink-_-1-_-Body_txt-_-link1

When Is Gambling an Addiction?

 
About two percent of Americans have a gambing problem.
 
When is gambling an entertaining pastime,
and when does it become a compulsive addiction?
Is stock trading a form of gambling addiction?
How common is compulsive gambling, and is there a gambling gene?
Addiction expert Dr. Timothy Fong responds to reader questions about compulsive gambling.
 

Both boon and bane

 
singapore
 
Singapore is striving to change itself into a metropolis, a meeting place for wealth and talent,
but the flourishing life also comes with the high cost structure of global cities.
 

http://thestar.com.my/news/story.asp?file=/2010/10/30/focus/7321186&sec=focus

Singapore is 17th most prosperous country: 1st or 3rd world?

 
392travel_petronastowers2
 
I refer to the article “S’pore is 17th most prosperous country” (Today, Oct 28).
Since Malaysia is the only other country in Asean that is in the top 50, at 43rd,
I think it may be interesting to compare Singapore and Malaysia,
from the perspective of what it may all mean to ordinary citizens?
Leong Sze Hian
 

Termination of Financial Adviser Reps

Dear Kin Lian
Recently a group of financial adviser representatives were asked to resign and given termination letters.  They were given reason like 'poor production' and rumours spread that one group was 'churning' instructed by MAS.
This group approached MOM and was turned away citing MOM does not help self employed and asked them to approach a lawyer.
Subsequently, they confront the CEO and the reasons given was the company is downsizing.  They highlighted that there are still 'poor production' people and why they are not terminated.  Furthermore, those terminated for churning, were not aware, no compliance issue etc. which the CEO cannot addressed.
The above resulted in loosing their commissions and estimated 1000 clients who to date not serviced.
Should they approached MAS, probably MAS will say its is business decision, they will not interfere.
Mr Tan, hope you can given some light to these people and I am sure there are many others in the self employed industry need justice to be done
Thank you
 Pathetic observer

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Minister should set a good example on volunteerism

 Dear Mr. Tan
I wonder why we have so many Ministers in the PMO doing coordination work and some without portfolios. Where can we find the job scopes of each Ministers, including the MM and the SM and the President? Given the remuneration they are getting, I can only assume that each of their jobs is uniquely important and cannot be done by any other Ministers and Ministries. And I am also wondering what do the Ministers discuss during Cabinet meetings if they are not discussing about how the Ministries should work together and how they can cooperate to make Singapore a better place for citizens? If they could be more productive in their meetings and in their work, they can save quite a bit of money and that can be utilized for many other things. One example will be to hire more teachers and more health care providers, at higher salaries?


Just a thought but I thought the senior Ministers should lead the country in heightening of volunteerism by not accepting salaries but work as volunteers in the PMO?


DareToAct

Employee training and the Internet

http://www.mindflash.com/2010/10/how-the-web-is-reinventing-employee-training/?view=mindflashgraphic

Five levels of communication in a connected world

http://the99percent.com/tips/6844/the-five-levels-of-communication-in-a-connected-world

My Money, Their Profits

I have always wondered,
Why is it that the market can go so high,
but my own account just doesn’t go anywhere?


On Wall Street: All Reward, No Risk

Hedge fund and private equity managers, like professional athletes, risk a lot to make a lot.
But the big banks pay people millions to gamble with other people’s money.
http://opinionator.blogs.nytimes.com/2010/10/28/on-wall-street-all-reward-no-risk/?