Greece ? Are the problems solved after the elections ?

Greek pro-bailout parties win knife-edge elections....

Greece ? Are the problems solved after the elections ?

- The Greek government still faces a huge gap between its liabilities and revenues and the country risks running of of cash.
- Greek Government coffers could be empty as soon as July, shortly after this month’s pivotal elections. In the worst case, Athens might have to temporarily stop paying for salaries and pensions, along with imports of fuel, food and pharmaceuticals.
- Young Greeks are voting with their feet and leaving Greeks for other European countries.
- Salaries and pensions in the private and the public sectors have been cut by up to 50 percent. With less cash, consumers have curbed spending, leading thousands of taxpaying businesses to fail.
Good Luck Greece, for your Euro Cup aspirations... You are up against Germany who wants to trounce you, both in soccer and for being such an economic spoilt brat.

Spot the Diff betw - ST and Today's Front Pages !!!

Spot the Difference in Front Page News between Today and The Straits Times, dated 28 May 2012.
I suspect that the Straits Times photographer has more money to buy a more expensive camera lens with Zoom Zoom function to capture that photo.
The poor cousin of Today newspapers only have limited funding so captured the full crowd.

So whose camera better?

What is wrong with this picture????

Of the 122,600 jobs created in Singapore last year, about 70 percent, or 84,800 positions, went to foreigners, according to data from the Ministry of Manpower. [LINK]
Has there been any change since the May 2011 elections ????

Swiss Standard of Living? Set Swiss Standards of Citizenship Application instead

IN DECEMBER 1984, when Mr Goh Chok Tong and the second generation of leaders had established themselves in Cabinet, they unveiled an agenda for Singapore that encapsulated their visions for the next 15 years.

Vision 1999 saw Singapore becoming a “city of excellence” and a “society of distinction” by the turn of the century. It set one hard-numbers target, with which it became most closely associated: to achieve the 1984 Swiss standard of living, as measured by per capita output, by 1999.

Maybe they should set Swiss Standards of Citizenship Applications instead !!!

http://www.bfm.admin.ch/content/bfm/en/home/themen/buergerrecht/einbuergerung/ordentliche_einbuergerung.html

People who have been resident in Switzerland for twelve years – the years spent in this country between the completed 10th and 20th years are counted double for this purpose – may apply for naturalisation. Our office examines whether applicants are integrated in the Swiss way of life, are familiar with Swiss customs and traditions, comply with the Swiss rule of law, and do not endanger Switzerland's internal or external security. In particular, this examination is based on cantonal and communal reports. If the requirements provided by federal law are satisfied, applicants are entitled to obtain a federal naturalisation permit from the Federal Office for Migration. (minimum number of years is 12 years!)


Naturalisation proceeds in three stages. Thus the federal naturalisation permit only constitutes the Confederation's "green light" for the acquisition of Swiss nationality. However, the cantons and communities have their own, additional residence requirements which applicants have to satisfy. Swiss citizenship is only acquired by those applicants who, after obtaining the federal naturalisation permit, have also been naturalised by their communities and cantons. As a rule, there is no legally protected right to being naturalised by a community and a canton. (Which means that the locals must approve and support the candidate to be a citizen)

Non-citizen foreigners make up 45.4% of Singapore’s workforce - www.salary.sg

http://www.salary.sg/2012/45-percent-of-workers-in-singapore-are-foreigners/

http://www.salary.sg/ did a very interesting quick analysis of the work force in Singapore.
Now you know why you did not get promoted over the Foreign Talent/Trash !!!
Singapore Inc run by PAPAYA does not care about Singaporeans...it is just a corporate entity that will use you and dump you. Make sure you dump them, before they dump you!

From http://www.salary.sg/ "There were 1,712,600 Singaporeans (“citizens”), 334,700 permanent residents (“PRs”) and 1,088,600 foreigners in the labour force as at June 2010.
If we group PRs together with foreigners — rightfully so because PRs aren’t citizens if you ask me — there are a total of 1,423,300 non-citizens among the total workforce of 3,135,900 workers.
1423300 / 3135900 = 45.39%
So, non-citizen foreigners make up 45.4% of Singapore’s workforce."

Singapore Self-Inflicted Inflation

The Straits Time on Friday 27 April published an Insight Article on "Made in Singapore" Inflation which hit 5.2 percent last year!

Notable phrases in the article included :

• Trader Leon Tham, 29, who is based in New York and back here for a visit says," The cost of a car here is astronomical compared to that in the United States. And the price of a condo in Singapore might soon be more expensive than a similar one in New York. It is becomming very unaffordable even by global standards."
• Ang Mo Kio GRC MP Mr Singh says " the Government has responsibility here, because the demand and supply imbalance was caused by planning issues." He adds : This was created internally because of our rapid population increase. So in housing, or transport, the pressure is to be expected."
• What has caused the change? One factor is monetary policy in Western developed countries. They are keeping interest rates near zero in order to boost their anaemic economies, causing a raft of foreign money to flow to this part of the world and pushing asset prices, especially in the property market.
• Similarly for cars. To fight congestion, a decision has been taken to reduce the annual rate of growth of the vehicle population from 1.5 per cent to 0.5 per cent from August. That could see COE prices already at a 20 year high soar past $100,000 in the next few months, warns Dr Chua.

Even anecdotal experience shows that actual inflation is more than 5.2 percent. Manual Car Wash has increased from $6 to $8 ! 33% increase! Even a bowl of mango sago dessert is now $4! compared to $3 previously!

Mr Singh says "The Governement knows what to do to make things comfortable. Unfortunately it cannot happen overnight."

Well here are some solutions that will immediately slow inflation down.

1. Mandate that only Singaporean citizens are entitled to purchase COEs and they cannot be resold to PR or Foreigners. PRs and Foreigner can rent or take taxis or public transport.
2. Mandate that new launches of Private Housing can be sold to all, but all resale Private Housing must be sold to Singaporeans. Make the PRs and Foreigners rent from Singaporeans.
3. All foriegn capital influx must be taxed at 15% interest rates when put into Singapore banks or financial institutions, a corresponding increase in deposit rates for Singapore Citizens will then apply.

These measures will put money directly into the pockets of Singaporeans. All the useless COE and 10% additional buyers stamp duty for foreigners just put money into the Govt coffers! So that they have so much $$$ to give US$ 5 bln of Singaporean's money to IMF.

There are at least 18,000 unsold private condos in Singapore! Are we breeding "ghosts"?

I was totally shocked when I read through this report from Kim Eng on the state of the unsold private condos in Singapore. They have analyzed the data from HDB and URA websites and have put it in an easy to read categorized listing of the property developers land bank. Given some of the projects are due for launch and that property players play the game of releasing units in phases, but still 18,000 empty condos!???!

The government needs to put a firm stand on the release of these units and set a time line, e.g. 1 years after TOP, the units must be sold or put up for auction...it is ridiculous that so many empty units are housing "ghosts" when marriagable couples who can procreate SINGAPOREANS struggle to find a nest.

This country is importing foreigners and breeding "ghosts"!