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By David Lang

The following stories may fire your imagination, pique your interest. Some say 1MDB is Malaysia's Sovereign Wealth fund; to others they asked what wealth fund when its total capitalization is just One million ringgit? But, then again, if you think you can look down on the pet idea of the Malaysian prime minister, think again. His idea has the potential of turning the now world famous - or shall we say, infamous - 1Malaysia Development Berhad into a giant corporation you can ever imagine - even bigger than Bill Gate's Microsoft! At least, it could be, if the original course is stayed. It was supposed to inspire Malaysians to think big besides advance growth, according to its slogans screaming out of giant bill boards throughout the country. 'Backed' by the finance ministry who owns it - which means money will never be the problem - it can only succeed. But..it didn't. It failed! That's why it may have piqued many people's curiosity. How can a company flush with cash and can borrow any amount (billions) anytime could fail? Well, this may be in line with your thinking. People have seen since its inception - I mean after its name was changed in 1999 from Trengganu Investment Authority (TIA) to the present - it hasn't done any business! I have used present tense deliberately. It hasn't done any business yet. I mean if you are in business you need to make profit or find ways to make profit. Or close shop. Oh, I had heard about their filings of tax returns and hiring of a couple of internationally known auditors to sign off on their balance sheets; but these concerned only the company's borrowings and interests to be paid. Two massive bonds were issued to the tune of $7 billions. To buy up power plants. Again I want to say if you are in business to make money even investing in independent Power Plants, it should be done with the view to making a profit. The decision may be long term or short term, it doesn't matter, it has to make money, or no deal. May be they have done the right thing. Maybe luck was not on their side. Still, the amount is staggering. I didn't know having or managing so much money can be a problem! But many - especially the Malays - have not given up hope yet. Yes, may be the durians are just ripening; may be they need time and may fall soon!




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Malaysia's Vision 2020

By:David Lang

Malaysia is supposed to be on its way to becoming a developed nation, by the year 2020. Will she make it (in less than five years -tick-tuck, tick-tuck)? There is no doubt the year 2020 is coming whether the country is ready or not, and if that will be the only requirement then Malaysia will attain that developed nation status on schedule. There is a question, though, Will Malaysia, or Malaysians, for that matter, be ready for that status as far as their affluence, quality of life's concern? Currently Malaysia's GNI per capita stood at US$10060. According to the World Bank high income economies are those with GNI per capita of US$12,745. And until Malaysians earn much more to be there, the developed nation status may not be achieved even by the year 2020. The futility of declaring a country a high income country when it's not, achieves nothing. May be even counter-productive; it lulls the country into false sense of success and premature celebration. Don't forget China reportedly overtook Japan as the world's second largest economy, but in actual fact China's citizens' ca pita income is a fraction of the incomes of the Japanese who earn $37,000. Chinese incomes range from $13,000. China's gross domestic product, taken as a whole, may beat Japan's, but in term of quality of life, and GNI per capita income, the criteria for a developed nation status, China still has a lot of catching up to do. That's why China still qualifies as recipient of Japan's economic aid meant for developing countries. Comparing with the Chinese per capita domestic product, Malaysia is even worse off. Unless the government bucks up and rushes to create more wealth for its citizens, the Vision 2020 dream may remain just that ..a dream.

Jun 29, 2013

'MCA go home' vs 'Where was DAP 13 years ago?' at Jonker Walk

'MCA go home' vs 'Where was DAP 13 years ago?' at Jonker Walk
What?! Gan qualified his being there as a survey, not to protest? Let alone to lead the protest? Did Mr. Gan Tian Loo realize that the MCA protest carries more weight than DAP protest many times over. The state government, being UMNO-led government, considers the DAP as the opposition working hand-in-hand with PAS and PKR to oust UMNO from power, rescinding the directive on the request from DAP leaders will make the party even more popular. I thought, at first, here come the MCA, finally to do what it's supposed to do. Then the expected  happened. He got cold feet. The reporter who covered the protest reported Gan was suddenly cautious . He was like ..."I'm here to lend my support to..the .. no, wait! I am not here to support the traders - but just to do a quick survey! But I am glad to be standing here with the protesters but reporters, please put it down in black and white I am not, I repeat, am not here as part of the protest. This is the reason the MCA was shunned, I mean has been shunned by the Chinese. They do not represent the Chinese anymore. They cannot get things done anymore unlike in the old days. Gan admitted his meeting with the chief minister was fruitless, but would keep trying. Keep trying for what? He should stop embarrassing the MCA and reducing its credibility further by continuing to beg despite being rebuffed earlier. Again, this proved that the Malaysian Chinese Association has really completely lost its usefulness. If a small matter like Jonker Walk closure was beyond its power then, that 's it.

Jun 22, 2013

Anwar: 505 rally will go on - Nation | The Star Online

Anwar: 505 rally will go on - Nation | The Star Online

Black 505: Live updates - Nation | The Star Online

Black 505: Live updates - Nation | The Star Online

Feb 15, 2013

How To Repair Your Own Refrigerator And Save A Bundle





when I received a call the other day (night) from a Miss Lee complaining about her fridge not working (she noticed the temperature inside the fridge was warm comparable to room temperature), I asked her to check if the fridge's power switch was at on or off?

Apr 7, 2018

Content From therealmccoyjackwagon.newsvine.com





































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By:David Lang

May 28, 2017 Updated Today:May 28, 2017

However..if you are interested (for a reason) in reading the content from THE REALMCCOY JACKWAGON again you are in luck. Following are the content retrieved from the Newsvine.com

Content From My MSNBC Newsvine column:


Content From The Real McCoy Jack Wagon



By The Real McCoy Jack Wagon Sun Oct 27, 2013 12:19 AM malaysiareligionnajib-tun-razakjustice-lau-bee-liancatholic-weekly-herld DISCUSS: 0 0 !


Well, according to the Christians they don't. They claim the word, of Arab origin, even predated Islam. Most people through out the world readily agree with that. But ...not so fast ... said the Muslims ... in Malaysia.

Everyone seems to agree that Malay Muslims tend to utter the word Allah a lot in their daily lives, especially during prayers. And so do other Muslims of other countries, for that matter. But does that mean the Muslims, due to their rather extensive use of the term, can claim exclusive use of the word to refer to their God?

This question is and has been raging in the minds and of course, the mass media of Malaysian Muslims and Non-Muslims - especially Roman Catholic Christians for a while now.

Recently the Malaysian court of appeal, higher than the high court, ruled that the word Allah was not the integral part of Christianity or Christians' lives, and therefor should only be used by the Muslims. This despite the fact that Justice Lau Bee Lian of the high court had earlier adjudged that anyone can freely use the word to refer to their God and moved to declare null and void the Malaysian Home Minister's ban imposed on the Catholic church of Kuala Lumpur's weekly news magazine, Herald. The high court judge avoided criticisms because according to her written judgement, she came to her judgment after much research. Because of her water-tight reasoning, no one dared to voice their disagreement - none at all.

But according to media reports the leading judge of the 3-judge bench, who claimed the word Allah was not an integral part of Christianity and therefor must stop using it in print or verbally forthwith, admitted he only did a quick research through Google. Of course the judgement was not well received in Malaysia and even the world over. But despite criticisms and protests, everyone knew there was no choice but to respect the court decision, flawed or not. Except for Bumiputra Christians in Borneo states of Sabah and Sarawak. These natives and their politicians of both sides of the political aisle expressed dismay, disappointment and disbelief over what had happened, and declared that they would continue to use the Allah word as they have been doing for so long. The government which originally took the initiative to appeal the high court judgement and won, realized it could backfire against the Barisan Nasional coalition government which comprised quite a large block of MPs from the two states, the so-called fixed deposit (vote bank) to shore up the government, swiftly weighed in to assure Sabahans and Sarawakians that they could continue to use the Allah word, either in print or verbally, as before. No change.

Ministers, some of whom were Christian, and even the prime minister reassuringly pointed to the earlier 10-point agreement between Putrajaya and the Catholic church allowing Christians, especially the Eastern Malaysians, to use, import, and or print locally the Bibles or other native religious holy books ... without restriction. And that was that? Done and dusted?

Unfortunately not, if judged by the action of the Home Ministry to confiscate 2000 copies of the Catholic Weekly, Herald a few days ago. According to newspaper reports, the authorities were still at the time of this writing, silent on why the publication which's lawfully licensed was prevented from entering Sabah.

Until the prime minister Datuk Seri Najib Tun Razak, who has the absolute powers to decide on the matter and all matters in Malaysia, put his foot down, expect more similar news (or controversies).


Articles commented on by The Real McCoy Jack Wagon

Unbridled quest for power or wealth often leads to nowhere but back to square one, if lucky, or worse: ruin. published on Fri Jul 15, 2011

Why, spot on... if I may say so. Look where's Murdoch now. But he was still lucky, however; he lost only his billions and some pride, not freedom (if the authrities put him behind bars)!

John Boehner's legacy on the line in shutdown published on Fri Oct 04, 2013C

The Accidental President

How President Obama wished there's no such thing as term limit in place in America. Barack Obama became an accidental president because it's not his ambition to run for president of the world's sole super power, however tempting the prestige that comes with being president of the world' superpower

The Accidental President

How President Obama wished there's no such thing as term limit in place in America. Barack Obama became an accidental president because it's not his ambition to run for president of the world's sole super power, however tempting the prestige that comes with it.

The Accidental President How President Obama wished there's no such thing as term limit in place in America. Barack Obama became an accidental president because it's not his ambition to run for president of the world's sole super power, however tempting the prestige that comes with the job.

SHOW PROFILE [PERMALINK:https://therealmccoyjackwagon.newsvine.com/_news/2013/10/27/21183522-do-the-muslims-own-the-word-allah]

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