The soft or confrontational approach?

A place for both the considered and the confrontational

Securities Investors Association (Singapore) with its softer approach

can rightly claim credit for its more recent achievements.

But it would be unfair to deny due recognition to those early trailblazers

whose style was more "confrontational" .

Narayana Narayana

http://www.todayonline.com/Voices/EDC101026-0000157/A-place-for-both-the-considered-and-the-confrontational

 

Dealing with Wall Street

15 Inviolable Rules for Dealing with Wall Street

 

Those of you who have to interact with the sharks should learn the following rules:

http://www.ritholtz.com/blog/2010/10/15-inviolable-rules-for-dealing-with-wall-street/

 

 

CPF Life - Make it attractive

My student in SMU asked me, "Prof Tan, I find the CPF Life to be very complicated. It is so difficult to decide on choosing the four options, as they seem to work differently, with the DDA etc."

I agree with her views. I also find it to be difficult. I sent the attached article to the Straits Times two months ago, but they declined to publish it. In this article, I suggested how the Government can get out of the current mess that they have created.

Retrenchment benefit for Singaporeans giving up their citizenships?

Contributed by DareToAct


When a company restructures, often times it hires new employees from other companies and retrenches some existing employees. When it does so, it pays these employees retrenchment benefits. Some unscrupulous companies try to move their employees around to "uninspiring" jobs and hope that the employees will just quit the company and find jobs elsewhere.


Most people will agree that Singapore is run like a company. Our cabinet ministers and senior civil servants are paid like corporate executives. When Singapore Inc was having growth problem after the Asian financial crisis, our government stepped up their foreign talent strategy and "recruited" many to join Singapore Inc. Those Singaporeans who lost their jobs due to the restructuring were urged to upgrade, retrain, redesign. From what I can gather reading newspapers and other media, it seems like many "employees" of Singapore Inc are not finding it easy to cope.


Maybe the government can consider this: pay retrenchment benefits to Singaporean who wants to "resign" from Singapore Inc. It allows those who think they can have a better life elsewhere to leave with a small sum of money (they deserved it as they have contributed to Singapore Inc's growth from 3rd world to 1st) so that they can settle better into their new "job". It is also good for Singapore Inc as the CEO can now spend time doing "unproductive" work like explaining policies to those who do not have the capacity to understand or worry about being fired at AGM.


It's a win-win, no?


DareToAct

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Insurance woes of stroke victim's daughter .

I am a professional in the same industry and did not wish to leave the matter to others.
Policyholders should have the right to decide if they want to be represented by an agent or immediate family members when they are critically ill.
Lee Meow Hua (Ms)
http://www.straitstimes.com/STForum/OnlineStory/STIStory_594771.html

A Theory of Justice - Joseph Stiglitz

Among the casualties of this whole mess, according to Stiglitz? Faith
in the legal system itself. "The legal system is supposed to be the
codification of our norms and beliefs, things that we need to make
our system work," he said. "If the legal system is seen as exploitative,
then confidence in our whole system starts eroding."

"When you say the Pledge of Allegiance, you say, with 'justice for
all," Stiglitz said. "People aren't sure that we have justice for all.
Somebody is caught for a minor drug offense, they are sent to prison
for a very long time. And yet, these so-called white-collar crimes,
which are not victimless; almost none of these guys, almost none of
them, go to prison."

"Families are as important as corporations," he said. "Keeping kids
in school, not forcing them out of their home, keeping the
community together, is certainly as important as keeping a
corporation alive."


Joseph Stiglitz