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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?

Showing posts with label Obamacare Burdensome For Poor Americans. Show all posts
Showing posts with label Obamacare Burdensome For Poor Americans. Show all posts

Oct 30, 2016

The Obamacare And Its Ambiguous Pitching And Increasing Premiums



The Drl Blog

















Hillary Clinton Equally To Blame For Obamacare Debacle

This article was earlier published in my MSNBC Newsvine Column

Those who vote for Hillary Clinton do so in futility; it won't do any good as she hasn't said anything about abrogating the burden-some Obamacare that everyone knows and believes now it's never intended to help the poor or the uninsured to insure themselves so that they can turn to in time of need.

It was in fact lied by President Obama with the straight face that Obamacare or its legislation would not force people to abandon their old insurance or doctor and be forced to signup for Obamacare.

Obama managed to put many Americans at ease due to this promise. Did Obama keep his word? No! His promise of even the moon in the beginning was later reneged by Obama and his white assistants. The operative word was to help the poor or those who opted to not buy insurance. But in reality to con them to change; from being not interested to insure themselves to being interested and persuaded to embrace Obamacare with many promises such as reasonable and stable prices, few if any were true or kept.

Now after many years and many broken promises later, the Obamacare never cares about people like its name says at all. Now there's no doubt everyone agrees all who signed willingly or were forced were lied to and cheated. Now everyone is praying for a white knight to come charging and rescuing them the victimized believers of Obama's ambiguous pitching for his pet project Obamacare - unflinchingly backed by all Democrats including Hillary Clinton.

I don't think all the Democrats such as Harry Reid and Hillary Clinton are dump people or were temporarily dump when Obama asked them to support his Obamacare and did as asked. They are well -read people they can't deny now they had no idea what Obamacare was all about, whether it would help the poor Americans as trumpeted by President Obama. If they had doubt they should not go along with Obama's plan; if they were in doubt they should not encourage or allow the poor Americans to sign up for something which they now don't need and yet can not get out. They - the Democrats including the presidential candidate Hillary Clinton - committed negligence of duty to their Democratic members, supporters, American citizens at large and the United States of America. They should lose Congressional and Senate seats, and Hillary Clinton her presidential bid, as punishment.

There should be no compromise; they should not try to argue their way out like Obama does that not everything about Obamacare is bad. But the main point is they - Obama and his Democratic leaders - lied about the goodness of Obamacare - by being ambiguous about everything in the beginning to lure people to sign up. Once done and dusted they were abandoned, or threatened with law to compel adherence. That's why during the campaign for November election Hillary Clinton needs to mount a vigorous campaign to create a din to soil Trump's name and reputation by playing those old videos featuring those roped in women to attack Trump for bad-mouthing them or kissing them in the mouths which they were OK with when it happened, to cover up the faults and increasing cost of Obamacare. The American people should not forget about this betrayal by the Democrats. Checked. Do you wish to know more?

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