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Old 2013-02-18, 09:28   Link #26601
TinyRedLeaf
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Quote:
Originally Posted by Cosmic Eagle View Post
Indeed...economic growth as used by the high lords is the biggest joke ever. So out of sync with reality. Do you see any capital at all? It seems like the corporations here run on air.
Yet we have jokers who claim that Singapore should just ditch its manufacturing sector and focus on services to achieve "sustainable growth". When it comes to reality, some people are more out of synch than others.
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Old 2013-02-18, 09:34   Link #26602
Cosmic Eagle
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Quote:
Originally Posted by TinyRedLeaf View Post
Yet we have jokers who claim that Singapore should just ditch its manufacturing sector and focus on services to achieve "sustainable growth". When it comes to reality, some people are more out of synch than others.
Unfortunately those jokers seem to be in the positions of power...<_<

Quote:
The problem with finance and services from a macroeconomic POV, according to self-employed traders/investors, is that it creates no material value, it is simply a process of wealth transfer. Wealth as it is defined in material goods and services, money is simply a medium for it to change hands upon.

As for the construction sector, it has always been a big problem because nobody in the equation wants to lose money building homes. The government, technically, lost billions they never got back since constructing the first flats at Queenstown post Bukit Ho Swee. If the HDB is a private organisation, it would be as deep in debt as Bear Stearns.

They need to wise up and tell themselves that they can never get that money back, and move on.
I knew that without being a self-employed economist or even someone who specializes in economics at all....it's quite plain =.=

As for the other bit...you know if this were some other country outside SEA, I'd be thanking SAF for training me in the use of earthmover equipment so I could at worst, still earn a decent living as a machine operator. Here....I'd think I'd make bigger cash working as a book arranger in Kino...
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Old 2013-02-18, 09:35   Link #26603
SaintessHeart
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Quote:
Originally Posted by Cosmic Eagle View Post
Indeed...economic growth as used by the high lords is the biggest joke ever. So out of sync with reality. Do you see any capital at all? It seems like the corporations here run on air.

Japan has a crappy economy but at least their wages are good for some reason
Japan has a VERY good export image like Germany - their good are always in high demand because of their legendary quality that pervades each export. Sony, Hitachi, Panasonic, Mitsubishi; they each have their own base of lifelong loyal customers which they prudently serve.

Singapore doesn't, our model towards exports has been "Doing business with me is a choice - namely yours" mentality that affects our image of exports, with the exception of our aerospace and marine industry; we are the legends, not Japan, in the entire of East Asia. Them, Taiwan and ROK fail badly at beating us in terms of SCM because our small land area allows for rapid stock transfer across the dot. Our quality is as good as the Japanese, our accountability is as good as the Taiwanese, and our marine workmanship is as accurate as the ROK; our edge is our 710 sq km.

Malaysia trounces us in manufacturing because of their smaller currency and cost of goods; they will be beaten by Indonesia next. And maybe the Philippines assuming their government can get their act together (no offense to Filipino members here, this is an analysis from a purely economical POV).

Quote:
Originally Posted by TinyRedLeaf View Post
Yet we have jokers who claim that Singapore should just ditch its manufacturing sector and focus on services to achieve "sustainable growth". When it comes to reality, some people are more out of synch than others.
Quote:
Originally Posted by Cosmic Eagle View Post
Unfortunately those jokers seem to be in the positions of power...<_<
The only manufacturing sector I agree with ditching is that of the "simple goods" sector - those easily mass produced goods like soap bars, toothpaste and maybe snacks should just be sent to Malaysia, and their technicians being forced to retrain as precision engineers; a sector which is dominated by foreigners who learn how to make compound dies here then leave after 2 years. The manufactering line workers should be then transferred to canneries or taught to maintain premix reservoir operations, both of which are sensitive zero-downtime required operations that cannot be run by machines.

There! Domestic food production can be increased, and long term workers in your engineering sector.
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Most of all, you have to be disciplined and you have to save, even if you hate our current financial system. Because if you don't save, then you're guaranteed to end up with nothing.

Last edited by SaintessHeart; 2013-02-18 at 09:45.
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Old 2013-02-18, 10:39   Link #26604
DonQuigleone
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Certainly, I think an economy without a manufacturing base is an economy without a "foundation", though in the the case of Singapore, it could probably use manufacturing in Malaysia/Indonesia as it's base. But then again, why would a Malaysian factory use services based in Singapore, when they can use services in Johor?

In one respect, I think Singapore needs to try a bit harder to be a bit more like Hong Kong. HK has done great exporting "cultural products", like movies, and that's something that Singapore could do too. However, every Singaporean film I've ever seen can't hold a candle to anything that comes out of Hong Kong. Likewise, we hear a lot of Cantopop, but how much Singapop(I made that name up, does Singaporean pop have a name?) do we see in comparison? What Andy Lau does Singapore have?

With Hong Kong increasingly coming under the thumb of the PRC, and losing it's free wheeling spirit, Singapore could have positioned itself to take advantage of the gap. Instead all of HK's talent got siphoned off by the USA and PRC.

While Singapore does need to maintain manufacturing, it cannot really focus on land-intensive heavy manufacturing. It needs to focus on industries that require less of a space premium. As I see it, there is no land available in Singapore, so if they want more manufacturing, they simply won't have the room for it, unless they do more vertically (but then they can't really compete on cost compared to neighbors), or buy the other strait islands from Indonesia.
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Old 2013-02-18, 11:12   Link #26605
aohige
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I thought Singapore can generate infinite amount of jobs by hiring more workers to shovel sand into the ocean.

.......
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Old 2013-02-18, 11:17   Link #26606
SaintessHeart
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Quote:
Originally Posted by aohige View Post
I thought Singapore can generate infinite amount of jobs by hiring more workers to shovel sand into the ocean.

.......
No Singaporean wants to do it because they are pressing the wage down to SGD$800/mth (US$650) per worker.

And I don't want to get recalled because some doofus dropped sand beyond our territorial line at the Johor Straits - I'd rather blow the dredger with my MATADOR than engage in a standoff with the Malaysian Army.
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When three puppygirls named after pastries are on top of each other, it is called Eclair a'la menthe et Biscotti aux fraises avec beaucoup de Ricotta sur le dessus.
Most of all, you have to be disciplined and you have to save, even if you hate our current financial system. Because if you don't save, then you're guaranteed to end up with nothing.
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Old 2013-02-18, 18:58   Link #26607
TinyRedLeaf
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Quote:
Originally Posted by Cosmic Eagle View Post
Unfortunately those jokers seem to be in the positions of power...<_<
Don't know where you get that impression from. The idea was first mooted by Mr Tan Jee Say, strenuously rebutted in the run-up to the 2011 General Elections, but was brought up again in last Saturday's protest. Mr Tan may be a number of things, but he's hardly a person in a "position of power".
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Old 2013-02-18, 19:38   Link #26608
SaintessHeart
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Quote:
Originally Posted by TinyRedLeaf View Post
Don't know where you get that impression from. The idea was first mooted by Mr Tan Jee Say, strenuously rebutted in the run-up to the 2011 General Elections, but was brought up again in last Saturday's protest. Mr Tan may be a number of things, but he's hardly a person in a "position of power".
The power to influence. You don't have to hold office to be powerful, you just need to k.ow how to turn the law to your advantage and know how to talk to people.

That brings some weight to the saying "Empty vessels make the most noise".
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When three puppygirls named after pastries are on top of each other, it is called Eclair a'la menthe et Biscotti aux fraises avec beaucoup de Ricotta sur le dessus.
Most of all, you have to be disciplined and you have to save, even if you hate our current financial system. Because if you don't save, then you're guaranteed to end up with nothing.
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Old 2013-02-18, 20:25   Link #26609
AnimeFan188
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Russian lawmaker's body found cemented in barrel:

"The body of a Russian lawmaker was found cemented in a barrel, and a former
government official has been accused of ordering the killing over an $80 million debt,
officials said Monday.

Mikhail Pakhomov, 37, went missing last week. He was a member of the local
legislature in Lipetsk, a city some 350 kilometers (some 215 miles) south of Moscow.
He was last seen last Tuesday when three unidentified men pushed him into a car
outside a restaurant in Lipetsk and drove away.

Russia's Investigative Committee says several suspects were detained, and that
authorities found Pakhomov's badly beaten body in a barrel of cement in a garage."

See:

http://news.yahoo.com/russian-lawmak...192000355.html
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Old 2013-02-18, 20:27   Link #26610
Xellos-_^
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Quote:
Originally Posted by AnimeFan188 View Post
Russian lawmaker's body found cemented in barrel:

"The body of a Russian lawmaker was found cemented in a barrel, and a former
government official has been accused of ordering the killing over an $80 million debt,
officials said Monday.

Mikhail Pakhomov, 37, went missing last week. He was a member of the local
legislature in Lipetsk, a city some 350 kilometers (some 215 miles) south of Moscow.
He was last seen last Tuesday when three unidentified men pushed him into a car
outside a restaurant in Lipetsk and drove away.

Russia's Investigative Committee says several suspects were detained, and that
authorities found Pakhomov's badly beaten body in a barrel of cement in a garage."

See:

http://news.yahoo.com/russian-lawmak...192000355.html
how do you know if a cremated body is badly beaten?
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Old 2013-02-18, 21:10   Link #26611
Vexx
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CEMENTED, not cremated.
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Old 2013-02-18, 21:18   Link #26612
Ithekro
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A concrete overcoat? haven't heard a story about that in a long time.
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Old 2013-02-18, 21:22   Link #26613
Cosmic Eagle
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Quote:
Originally Posted by TinyRedLeaf View Post
Don't know where you get that impression from. The idea was first mooted by Mr Tan Jee Say, strenuously rebutted in the run-up to the 2011 General Elections, but was brought up again in last Saturday's protest. Mr Tan may be a number of things, but he's hardly a person in a "position of power".
Because it seems to be a noticeable shift towards that end in so called economic restructuring policy. Their ideas are certainly making an impact

Also, I don't know why they would raise that in the protest? If anything, the degree of foreign control in MNCs in the finance sector seem to be even higher than those in science and manufacturing. Plenty of red tape as well in the latter sector regarding things like technology transfer but at least you get some degree of real benefit from it.
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Old 2013-02-18, 21:22   Link #26614
Solace
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Quote:
Originally Posted by Xellos-_^ View Post
how do you know if a cremated body is badly beaten?
You count the number of darker ashes, obviously.
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Old 2013-02-18, 23:32   Link #26615
ganbaru
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Chavez back in Venezuela, on Twitter with four million followers
http://www.reuters.com/article/2013/...91I03K20130219
Quote:
After Hugo Chavez spent two months out of the public eye for cancer surgery in Cuba, the Venezuelan government hailed his homecoming on Monday and said the president had achieved another milestone - 4 million followers on Twitter.

The 58-year-old flew back from Havana before dawn and was taken to a military hospital. No new details were given on his health, and there were no images of his arrival. Officials say his condition remains delicate.
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Old 2013-02-19, 05:04   Link #26616
SaintessHeart
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Quote:
Originally Posted by Cosmic Eagle View Post
Because it seems to be a noticeable shift towards that end in so called economic restructuring policy. Their ideas are certainly making an impact

Also, I don't know why they would raise that in the protest? If anything, the degree of foreign control in MNCs in the finance sector seem to be even higher than those in science and manufacturing. Plenty of red tape as well in the latter sector regarding things like technology transfer but at least you get some degree of real benefit from it.
The foreign control of their banking operations here are risky because the money is stored elsewhere, not here. It devalues our economy on the overall and introduces us to unecessary risks.

Other than the various brokerages - it is the only place where you can shortsell Singapore stocks, wish SMRT was one of them.

Reader's Digest parent company files for bankruptcy again

Fck. My. Life. Then again they just simply suck for not using online distribution.
__________________

When three puppygirls named after pastries are on top of each other, it is called Eclair a'la menthe et Biscotti aux fraises avec beaucoup de Ricotta sur le dessus.
Most of all, you have to be disciplined and you have to save, even if you hate our current financial system. Because if you don't save, then you're guaranteed to end up with nothing.
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Old 2013-02-19, 05:14   Link #26617
TinyRedLeaf
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Quote:
Originally Posted by SaintessHeart View Post
Reader's Digest parent company files for bankruptcy again

Fck. My. Life. Then again they just simply suck for not using online distribution.
Try selling print ads. After that, try selling online ads.

You'll then see why it's not as easy as it seems to sustain a publication through online revenue alone.
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Old 2013-02-19, 05:32   Link #26618
SaintessHeart
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Quote:
Originally Posted by TinyRedLeaf View Post
Try selling print ads. After that, try selling online ads.

You'll then see why it's not as easy as it seems to sustain a publication through online revenue alone.
What I mean was that they are still using paper as a distribution medium, especially when they are fond of publishing long articles. It eats up most of the cost when they should have went the e-book way when every single volume of RD is basically, a small book of interesting write-ups.

I also guessed that the changing demographic and the non-specialised target market of RD that turned its demise, people no longer like to read "just about anything", they tend to have specific genres they like and it is not the kind where they get bombed with fact after fact.

That being said, I wonder why The Economist still sells better. Maybe people like to read it to be seen as "realists"? I don't know, RD was my standard practice when I was trying to hone my speed-reading in Primary School.
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When three puppygirls named after pastries are on top of each other, it is called Eclair a'la menthe et Biscotti aux fraises avec beaucoup de Ricotta sur le dessus.
Most of all, you have to be disciplined and you have to save, even if you hate our current financial system. Because if you don't save, then you're guaranteed to end up with nothing.
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Old 2013-02-19, 08:21   Link #26619
ganbaru
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Not really a new but ...Security group suspects Chinese military is behind hacking attacks
http://www.reuters.com/article/2013/...91I06120130219

Huawei denies work in field linked to U.S. death in Singapore
http://www.reuters.com/article/2013/...91H0G920130218
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Old 2013-02-19, 10:04   Link #26620
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YouTube
Sorry; dynamic content not loaded. Reload?
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