#230 bites on global financial crisis

I found this website ‘The Baseline Scenario’ useful in understanding the global financial crisis we are experiencing.

The site provides and offers some easy to read articles, interesting videos and radio and relevant websites offering insights and education:

http://baselinescenario.com/financial-crisis-for-beginners/#video.

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#229

A reminder: When a bank is nationalised, the shareholder loses everything.

#228 transparency

There was so much talk about transparency in corporate managment and in politics…today, news revealed there was NO transparency at all. If there were, it was selective transparency. As a matter of fact, there were lots of cover-up!

The latest: bonuses given to top executives at Merrill Lynch on the quiet! The bargain to pay out bonuses were kept for these top earners yet staff were axed and investors lost their hard-earned money!  Where is integrity? Where is honesty? Are the consciences of these top executives seared?!?

This recession is a revelation of sheer lack of transparency in every aspect of life! It is not just greed but lacking in integrity and honesty!

How could banks and corporations chalked up so much deficit that cause a downward spiral on the world economy? These were kept out of the public in annual reports.

Were there concerted efforts among the professionals involved — accountants, lawyers and others — to deceive the public, without mentioning those in governance! All those mutual back-scratching and deception…haha…the truth is out there!

#227 abusers at sports stadium

Generally Singaporeans are fortunate to enjoy sports stadium where the public could use the stadium for free.

Today, to my great disgust, there was animal pooh on the wood-chips track at the Gombak stadium. The wood-chips track is specially designed for those athletes to exercise while recovering from injuries.

Unfortunately some users not only bring their animals to accompany them at the stadium but abused by allowing their animals pooh along the track! Shame on whoever this person…!

Whoever had done that obviously did not care about the worker responsible in maintaining the stadium! If there were complaints, who got the firing line? The worker!

I believe many young budding athletes do not know facilities available. They do not take pride to care for the facilities available to them. They expect the sports councils to hire staff worker to take care of the facilities.

Musicians take care of their instruments yet…athletes take for granted or do not?!

On occasions especially during school holidays, I found children playing on the long-jump sandpit…these children would intelligently use their hands to sweep the white sand into the drain while the mother exercised away nearby!