'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.
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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.
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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?
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Showing posts with label Phone-hacking scandals. Show all posts
Showing posts with label Phone-hacking scandals. Show all posts
Jul 15, 2011
Unbridled quest for power and wealth often leads to nowhere but back to square one, if lucky, or, worse, ruin
History is replete with examples of greed and of the follies in the pursuit of same. And history has always been fair to all players. If you screw up, you get burned.
Murdoch could have acquired a few newspapers or tabloids and stop right there. If all he wants is to fulfill his boyhood dream of being a journalist, or chief of journalists, or to provide news to the world what is wrong with owning just a few newspapers or periodicals? Even if he wants to cut corners by acquiring a top news organization, like the Wall Street Journal or the New York Times, is fine, by all means -- but that's it.
It increasingly looks like this is not the case. It increasingly looks like he lives only to acquire wealth and the power that comes from it, at all costs. Journalism to him is just a vehicle -- a familiar vehicle -- towards those ends; it has nothing to do with love of journalism that many people have thought of when Rupert Murdoch is mentioned.
He is insane with this desire to outdo his rivals and dominate them all. He has stopped at nothing to make sure he realizes his dream (of being recognized as the head of the greatest news empire of all?).
He is as smart as he is ruthless.
And when it comes to dealing with people who could disturb his plan, people like the Chinese leaders he chooses to be non-confrontational. For example, when a story of Chris Patten, the last long serving governor of Hong Kong (effectively the story of the long British rule of its last colony) was supposed to be published, he didn't want to risk angering the Chinese for many reasons and so shot down the idea.
Murdoch thought (wrongly) by treading carefully, he can avoid pitfalls; but he forgot one thing: News Corp is not a one-man show thing.
The more people he hires the more his company grows, but..also the more chances for things to go wrong, terribly wrong.
His employees are just ordinary human beings. They have their own feelings about how things should be run; dreams to realize or desires to sabotage or take revenge.
When the phone-hacking scandal erupted, people thought Murdoch went to far already; but did he?
This is an example of how you can own all but not control all. Day to day operations are left to the editors or chief editors to do as they please -- and, who knows, they may be pleased to see News of The World, for example, fold up, for a reason, or even want to pursue their personal agendas. The phone-hacking scandals didn't happen by accident or was an isolated incident.
It could be just the tip of the iceberg.
Murdoch can't possibly remember how many toes he has stepped on; these people may now be waiting to have their revenge; some may be at work right now conspiring to bring him or News Corps down; his rivals will come up with speculations or even outright accusations that Murdoch has done this or that, to do him in, and then the regulating agencies or authorities swooped in.
For Murdoch, the closure of the News of the World and the scandals and all could turn out to be just a temporary setback.
For News Corporation's sakes, let us hope that will be the case.
But if he keeps doing it (targets rival news organizations for takeover), he will surely end up stepping on too many toes for his own good.
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