Sunday, April 19, 2009

Why the French don't take supplements.

Most French believe that their diet contains all the nutrients for healthy living. While they also submit some of their chickens to the hell of battery living and perpertrate other abominations of industrial farming, they do eat a variety of seasonal vegetables and fruit which are mostly of excellent quality. I have yet to eat a French-grown fruit or veg which is tasteless; here they are either tasty or tastier.

And, they wisely eat duck, lamb, mutton: the meats of animals too clever or stubborn to submit to incarceration and hormonal adjustments. Fish is fresh from the morning's catch or, further inland, the day after; not fresh from Jurong Port meaning anything from ten to twelve days at sea under ice chips.

Wines, carefully monitored by the "appellation controlee" and free from harmful preservatives, are matched to the menu. Rushing through meals is thought uncivilized.

So, they have expended great effort to preserve their ancestral, pre-supplement, diet. They seem to live long and active lives with oldies still promenading down the boulevard arm in arm on sunny days. On balance, their claim of a healthful diet needless of supplementation seems plausible and epidemiologically valid.

Speak Mandarin?

The following poster is circulating among students from Shanghai, both inside and outside of China:

For a complete translation, go to the next page.

Let Us Take Action!

1. In certain public settings, for example on the street, if you start by using Shanghainese,
should the other party understand what you're saying, then continue using Shanghainese.
should the other party fail to understand what you're saying, then switch to Mandarin (Putonghua).

2. When others speak to us,
should the opposite party use Shanghainese, then we may answer in Shanghainese.
should the opposite party use Mandarin, we can smile and say, "Do you understand Shanghainese?" If the other person doesn't understand Shanghainese, then switch to Mandarin.

3. If Shanghainese speak Mandarin to us, we shall ask them to switch to Shanghainese. People in various localities all over the world should be able to boldly and confidently speak the local language with the local people. As Shanghainese, it is our basic right to speak Shanghainese in Shanghai.

4. For the continuation of Shanghainese culture, we should persist in speaking Shanghainese to our children. We should encourage and exhort parents around us to do likewise. This will be beneficial for the intellectual development of our children and for the subsequent learning of foreign languages. We should express our steadfast opposition to rules prohibiting the use of topolects.

Shanghainese language is the foundation of Shanghainese culture. It is a mighty tree with its roots tightly anchored in the local soil. We ought not abandon this mighty tree in favor of a rootless telephone pole. Friends, for the future of Shanghai, for the flourishing of the diversity of our great homeland, let us take action!

I Love Shanghai. I Love China.

By speaking Shanghainese language and carrying on Shanghainese culture, we are being truly cultured Shanghainese people.

(A tip of the hat to Wicky Tse for calling this very interesting poster to my attention.)

Tuesday, March 31, 2009

I am a liberal ...

according to Don Bordreaux, Chairman of the Department of Economics at George Mason University in Fairfax, Virginia.

"I love and care for my family and friends more than I care for mere acquaintances, and I care about most mere acquaintances more than I care about total strangers.  But the nationalities or physical locations of these people's residences are irrelevant to me.  I care no more for a stranger in my town of Burke, Virginia, than I care for a stranger in Beijing, Beirut, or Berlin."

Still, it's harder than I thought.

"But liberalism rejects the notion that there is anything much special or compelling about political relationships.  It is tribalistic, atavistic, to regard those who look more like you to be more worthy of your regard than are those who look less like you.  It is tribalistic, atavistic, to regard those who speak your native tongue to be more worthy of your affection and concern than are those whose native tongues differ from yours."



How Would You Fix the Economy?

US buddy sent me this.  What's your take on it?

"How Would You Fix the Economy?"
This was an article from the St. Petersburg Times Newspaper on Sunday.  The Business Section asked readers for ideas on "How Would You Fix the Economy?"  This article was one of the ideas submitted...

Dear Mr. President,

Patriotic retirement:
There's about 40 million people over 50 in the work force - pay them $1 million apiece severance with the following stipulations:
  1.  They leave their jobs.  Forty million job openings - Unemployment fixed.
  2.  They buy NEW American cars.  Forty million cars ordered - Auto Industry fixed.
  3.  They either buy a house/pay off their mortgage - Housing Crisis fixed.
Can't get any easier than that!

Jim Wright
Phoenix USA, Inc.

Who sez Ozzies are dumb?

Not outgoing Temasek CEO Ho Jinx.  She just didn't know how smart Eddy Groves, founder of ABC Learning truly was.  This Brisbane Times article is worth reading; not just for Ho Ching-ing but also for its business savvy and insights, not always obvious, at least not to me.

Do corporate eggheads always get fried by the flaming energy of the street-smarts?  Why?

Of course, $400 million is, with apologies to the former patron of NKF, "peanuts" compared with the tens of billions pocketed by short-sellers of UBS, Citigroup .. ad nauseam; but that is another story to be spun by the "masters" of strategic investment.  One has to wonder what was the strategic advantage of investing in child care?  Oops forgot, a balanced portfolio contains both medium-term targets of opportunity as well as long-term strategic investments?  Indeed, it was an opportunity; but for whom?  Stupidity, by any other name, MBA-speak or not, would stink as much,

Monday, December 29, 2008

Pensions of the great and the good

... whose identities are best unmentioned. They are those that receive the full pension of half their last paycheck every month until death. Idle curiosity while making some other calculations on the good ole HP12c led me to work out the Net Present Value (NPV) of their pensions. I assumed 3.00% p.a. as the discount as this is approximately the historical long term inflation rate for Singapore and that this would apply for the future. I also assumed they would receive a monthly pension of $41,666.67, viz. $500,000.00 p.a. divided by 12 months. Here are the results:

If drawn over 25 years, the NPV is $8,786,518,89. This is the sum that, when invested for a return of 3.00%p.a. and drawn down at $41,666.67 monthly will last for 25 years.

Let's compare this with the salary paid over three terms of the great and the good. Since general elections are never called at the end of the statutory five-year limit, I'm going to use 13 years as the service period. I'm also assuming that the great and the good receive 80% of the full million over the 13 years as they may not be fully great and good for the first few years of service. Plus they get the 13th month Annual Wage Supplement (AWS). Other bonuses are excluded as these are secret. Using the same discount rate:

If serving for 13 years, the NPV of their salary is $9,319,946.11 Think about it. the NPV of their pension is more than 94% of their basic pay!

Of course, this astonishing reward comes working for only 13 years and drawing a pension for 25 years. How did I get the 25 years? Well, retire at about 60 and live till 85, which is reasonable since the great and the good know how to take care of themselves and have the means to do it. Plus they get free health care and checkups and tests and investigations, which BTW, I didn't calculate as part of their pension package.

No wonder that civil servants had to serve for more than 31 years before receiving the full pension of half the last-drawn pay! Ah, well, we must make exceptions for the great and the good, mustn't we?

Sunday, December 28, 2008

The Credit Crunch

A trader: "This is worse than a divorce. I've lost half my net worth and I still have a wife."

President Bush said clients shouldn't be concerned by all these bank closings. If the bank is closed, you just use the ATM, he said.

George Bush said that he is saddened to hear about the demise of Lehman brothers. His thoughts at this time is to go out to their mother as losing one son is hard, but losing two is a tragedy.

The problem with investment bank balance sheets is that on the left side nothing is right and on the right side nothing is left.

In maths there are 30 billion prime numbers below 700 billion. The rest are all subprime.

How do you define optimism? A banker who irons 5 shirts on a Sunday.

What do you call 12 investment bankers at the bottom of the ocean? A good start.

Why are all MBAs going back to school? To ask for their money back.

For Geography students: What's the capital of Iceland? Answer: About Three Pounds Fifty...

If you want to gamble, go to Las Vegas. If you want to trade in derivatives, God bless you.

Whats the difference between a guy who just lost everything in Vegas and an investment banker? A tie.

Whats the difference between a bond and a bond trader? A bond matures.

Lehman have changed their recommendation on Lehman from hold to sell.

Forty years ago I sold fifty shares of my company stock and had enough money to purchase a brand-new 1967 Ford pickup. Last week, I checked it out, and if I sold another fifty shares, Id have enough money to buy a 1967 Ford pickup. So, the market has stabilized.

Theodore Kaczinski saw it all ...

(From the New York Times)

Making money, it seems, is all about the velocity of moving it around, so that it can exist in Hong Kong one moment and Wall Street a split second later. "The unlimited replication of information is generally a public good," George Dyson writes. "The problem starts, as the current crisis demonstrates, when unregulated replication is applied to money itself. Highly complex computer-generated financial instruments (known as derivatives) are being produced, not from natural factors of production or other goods, but purely from other financial instruments."

It was easy enough for us humans to understand a stick or a dollar bill when it was backed by something tangible somewhere, but only computers can understand and derive a correlation structure from observed collateralized debt obligation tranche spreads. Which leads us to the next question: Just how much of the world's financial stability now lies in the "hands" of computerized trading algorithms?

Here's a frightening party trick that I learned from the futurist Ray Kurzweil. Read this excerpt and then I'll tell you who wrote it:

But we are suggesting neither that the human race would voluntarily turn power over to the machines nor that the machines would willfully seize power. What we do suggest is that the human race might easily permit itself to drift into a position of such dependence on the machines that it would have no practical choice but to accept all of the machines' decisions. ... Eventually a stage may be reached at which the decisions necessary to keep the system running will be so complex that human beings will be incapable of making them intelligently. At that stage the machines will be in effective control. People won't be able to just turn the machines off, because they will be so dependent on them that turning them off would amount to suicide.

Brace yourself. It comes from the Unabomber's manifesto.

Yes, Theodore Kaczinski was a homicidal psychopath and a paranoid kook, but he was also a bloodhound when it came to scenting all of the horrors technology holds in store for us. Hence his mission to kill technologists before machines commenced what he believed would be their inevitable reign of terror. (But I'm not suggesting that we do this, however appealing it might presently seem!)

Making the World Safe for Partial Democracy? Questioning the Premises of Democracy Promotion

Making the World Safe for Partial Democracy? Questioning the Premises of Democracy Promotion


Arthur A. Goldsmith is Professor of Management at the University of Massachusetts Boston.

Democracy promotion is a favored strategy to advance the cause of world peace, especially in the Greater Middle East, but undifferentiated democracy promotion has two faulty premises. First, all progress toward the establishment of democratic regimes does not necessarily make the global community safer. Second, regime change is not something external actors have the capacity to direct along desired pathways. The first assumption fails to consider the well-documented security problems caused by partial democracies. The second assumption overstates the ability of powerful outsiders to induce transitions to full democracy. These research findings are grounds for cautious and selective democracy promotion, not a blanket approach that is indifferent to the composition of the regimes designated to be reformed and democratized.

Nat King Cole

Please listen to my confession: I do enjoy Nat King Cole songs. No, he wouldn't appear on any krazy-kool list of my favourites (Weather Report, Steely Dan, Giberto Gil, Toumani Djabate, Ry Cooder, Santana, Zizi Possi, Pink Floyd, U2 ...) but Nat is pure dark chocolate, Irish coffee and a Panatella cigar. Music and lyrics that I can taste, smell and sing-along.

No, its not kool to like music that Dad used to play on his radiogram at 78rpm, but who can resist Nat King Cole's audible chocolate and cigars. You can pass me the Jameson whiskey too, and while you're at it, put on some Barry Manilow.

Saturday, January 12, 2008

The 99 names of Allah.

Janadas Devan, son of former Singapore president, Devan Nair, makes his usual etymological exposition in the Singapore Sunday Times of January 13 2008; concluding that the Abrahamic religions (Judaism, Christianity and Islam) all called their God ela, ala or some variation of these.

Are the Malaysian religious officials confused about their claim for the exclusive use of Allah for Islamic texts and publications only, as Janadas Devan strongly implies. Maybe not. Some must surely have attended Al-Ahzar university in Cairo and understand quite well the origins of the name Allah.

Far from being confused, their objections to the use of Allah in the weekly newsletter of the Catholics in Malaysia, are meant to confuse malay-Malaysians. They know that the translation of "God" in English into "Allah" in Malay (or more accurately, Arabic) is sanctioned by all Malay language scholars and over 20 years of usage in this newsletter.

So are the malay Muslims of Malaysia so easily confused? Or are the religious officials confused about their ability to confuse them?

Confused by all this? Me, too.

Wednesday, January 09, 2008

Thinking about no-thing

I'm intrigued by the emergence of atheist thought as it is elegantly argued by the Dawkins-Harris-Hitchens trio and others. I dislike slogans but is this a "post 9/11" phenomenon? The Salafi jihadists that commit acts of violence against the innocent justify themselves with scripture. The American response in Afghanistan and then Iraq is, to some extent, justified, both by the President and his constituency, by another scripture. Fundamentalism is no longer a personal quirk that others laugh about but a political insanity expressed with lethal force.

Faith is now dangerous and its foundations must be critcally examined. Unfortunately but not unexpectedly, this will not be done by the faithful and hence the books from Dawkins et al.

Sam Harris' advise on ...

How to Believe in God
Six Easy Steps

1. First, you must want to believe in God.
2. Next, understand that believing in God in the absence of evidence is especially noble.
3. Then, realize that the human ability to believe in God in the absence of evidence might itself constitute evidence for the existence of God.
4. Now consider any need for further evidence (both in yourself and in others) to be a form of temptation, spiritually unhealthy, or a corruption of the intellect.
5. Refer to steps 2-4 as acts of "faith."
6. Return to 2.


As should be clear, this is a kind of perpetual motion machine of wishful thinking—and it leads, of necessity, to reduced self-awareness and diminished contact with reality. But it is reputed to have many benefits, and once you get it up and running you will be in fine company. In fact, from the looks of it, you will never be lonely again.

[Boon: This might be the major reason for religion: membership of a community.]

Thursday, October 18, 2007

Oil Qaeda

Why did the CEOs of Exxon-Mobil and Royal Dutch Shell both say, just last month, that US$70 oil is not supported by industry fundamnetals?

This was reported by Ng Weng Hoong, editor of www.energyasia.com, in The Straits Times, Friday October 19 2007, on why: "High oil prices are here to stay."

http://www.straitstimes.com/Free/Story/STIStory_168332.html

I'm going to assume that the two CEOs are well-informed on the oil industry's fundamentals, so today's US$88 oil prices must include a risk premium to cover uncertainties. To summarise, although the article is worth reading, Ng says that these uncertainties are
  1. Supply/demand imbalances; especially predicting demand from China, India and Brazil.
  2. Politics that prevents oil-producers from responding rapidly to higher prices.
The article does not expand on the second point and I'll take a stab at it here. American foreign policies, dominated by the "war on terror" makes it difficult for the American oil industry to participate in exploration and production-sharing opportunities arising from higher prices. This applies not just to purchasing concessions but the nitty-gritty engineering of exploration and production where American know-how and equipment is excellent.

The uncertainties are real but the premiums charged depend on perceptions of the power and influence of Al Qaeda, or, more accurately, Salafi Jihadists. Since power and influence are themselves perceptions, these premiums are perceptions of perceptions. No wonder I'm confused but at least I'm in good company.

Bottom line? Try to use less energy, especially when driving. It's boring but make lists of errends and shopping and try to combine them on each journey.

Wednesday, October 17, 2007

Who are the disadvantaged?

Affirmative action is well-intentioned; no one can easily argue against helping the disadvantaged. It's a plausible principle that just doesn't work out in practice. Here's what always happens:

The "disadvantaged" group is mobilised by leaders so as to gain legislative support for their aims. The argument is always a variation of the "historical forces" argument. Who will articulate this argument in a persuasive way? Who will organise the meetings and manage the media? In other words, who will lead? These will, almost always be well-educated and not "disadvantaged". Who will receive the bulk of the benefits once affirmative action is legalised? The leaders of course!

This has happened with African-Americans and, subsequently, with the Malays in Malaysia. At least in the USA, the affirmative action laws apply to a minority. Not so in Malaysia where the children of the aristocracy and civil servants have received premium scholarships and the inside track to business and political success, thus perpetuating the giant fraud on their own majority community which takes foolish pride in this national theft!

It is difficult but possible to define "disadvantage" in any society. The definition will not be the same in every society nor will it remain the same over time. Some of the more obvious criteria from moral philosophers and sociologists are:
  1. Irregular income i.e. no permanent work.
  2. Lack of education.
  3. Physical or mental impairment.
  4. No physical security e.g.violent family members, violent neighbourhoods and genocide.
There are others which aren't so obvious but can be revealed through better studies. My point? Correcting "historical disadvantage" is not about race. That was Adolph Hitler's thesis in "Mein Kampf." Malaysia NEP is more correctly understood as its Nazi Economic Policy and will have the same result.

Wednesday, April 25, 2007

Ministers, markets ...

.... and their pay.

The debate over Cabinet salaries is evidence of transparent and, by implication, good governance. What isn't so transparent are the bonuses also paid to Ministers. Okay, it's probably not a good thing to publicly humiliate a Cabinet Minister by revealing his low or zero bonus.

But, it seems that the size of the bonus is closely connected to hitting GDP growth targets. And, according to an impeccable source: Minister Mentor Lee no less, hitting the upper target in the predicted range of 4.5% to 6.5% depends on US consumer spending! Isn't that supposed to be the result of brilliant policy making? From million-dollar ministers?

Surely, then, if we want to be more certain of this beneficial outcome, we should pay the salary of US Federal Reserve Bank Chairman Bernanke. And also the members of the Open Markets Committee that decide on interest rates and money supply.

Let's set aside about S$15 million to be paid to these US Fed executives if they "help" us hit 6.5% GDP growth by keeping down US interest rates, thereby stimulating consumption!

Tuesday, January 09, 2007

Being cool ...

... isn't always easy. It's a bit more than having a great hair stylist, Armani jeans and a polyglot accent. Really intimidating people aren't that easily impressed. Like ... it's gotta come from inside:

  1. Don't sweat the small stuff and, in my experience it's mostly small stuff. You'll gain a lot of loving, funny and creative energy.
  2. Try not to be an ass, but when you are, quickly admit it, apologise and make restitution. You'll gain a lot of loving, funny and creative energy.
  3. Keep your eyes and ears open for selfish and stupid actions that need to be stopped at the start. It helps to keep your mouth shut. You'll gain a lot of loving, funny and creative energy
  4. If you have the misfortune to encounter not just the stupid, selfish and arrogant but the truly malicious, you'll have a lot of loving, funny and creative energy to deal with them. Forgiveness may not be an option, Allah may have to do that.

Too late for me ...

... but it might benefit others. Here's a really useful checklist from The New York Times :

Questions Couples Should Ask (Or Wish They Had) Before Marrying

Published: December 17, 2006

Relationship experts report that too many couples fail to ask each other critical questions before marrying. Here are a few key ones that couples should consider asking:

1) Have we discussed whether or not to have children, and if the answer is yes, who is going to be the primary care giver?

2) Do we have a clear idea of each other's financial obligations and goals, and do our ideas about spending and saving mesh?

3) Have we discussed our expectations for how the household will be maintained, and are we in agreement on who will manage the chores?

4) Have we fully disclosed our health histories, both physical and mental?

5) Is my partner affectionate to the degree that I expect?

6) Can we comfortably and openly discuss our sexual needs, preferences and fears?

7) Will there be a television in the bedroom?

8) Do we truly listen to each other and fairly consider one another's ideas and complaints?

9) Have we reached a clear understanding of each other's spiritual beliefs and needs, and have we discussed when and how our children will be exposed to religious/moral education?

10) Do we like and respect each other's friends?

11) Do we value and respect each other's parents, and is either of us concerned about whether the parents will interfere with the relationship?

12) What does my family do that annoys you?

13) Are there some things that you and I are NOT prepared to give up in the marriage?

14) If one of us were to be offered a career opportunity in a location far from the other's family, are we prepared to move?

15) Does each of us feel fully confident in the other's commitment to the marriage and believe that the bond can survive whatever challenges we may face?

Sunday, January 07, 2007

Divisive diversity

Robert D. Putnam, a distinguished political scientist and Carter administration official, waited for five years to release his research findings that ethnic diversity decreases trust and co-operation in communities.



In the presence of [ethnic] diversity, we hunker down. We act like turtles. The effect of diversity
is worse than had been imagined. And it’s not just that we don’t trust
people who are not like us. In diverse communities, we don’t trust
people who do look like us.

—Harvard professor Robert D. Putnam

Could this American research apply to multicultural Singapore? Perhaps the overarching "Asian" identity helps to overcome our cultural biases. Using English as the common and neutral language almost certainly helped. Still, Professor Putnam does make some strong arguments.

Steve Sailer's article in "The American Conservative" also has some politically incorrect observations on trust and how its built. Not easily.





Fragmented Future



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Thursday, January 04, 2007

Theism and its antonym.

Strangely enough, the antonym of theism is a-theism. So, the religious and their leaders should try to understand clearly what "theism" means, especially to themselves, before they get too excited at "a-theist" arguments.



Of those who seem not conventionally religious or attracted to organized religions, many would deny accusations of being irreligious. They aren't, and religous leaders could, with mutual increases in understanding, make more serious attempts at dialogue with prominent atheists like Daniel Dennet and Richard Dawkins.



On Faith: John Shelby Spong: Human Definitions of God Need Revision



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