WOTC - Mistake made by the ministerial task force

Wisdom of the Crowd: 48% of the respondents said that the ministerial task force made many mistakes along the way in the handling of the crisis. 40% said they overlook the overcrowding in the worker dormitories.

https://tklcloud.com/Crowd2/chart.aspx?ID=1973

WOTC - Is the corona virus already widespread in the community?

Wisdom of the Crowd: 76% of the respondents said that the corona virus was already quite widespread in the community but did not cause much harm. 24% said that it the virus was well contained and did not spread widely in the community.

https://tklcloud.com/Crowd2/chart.aspx?ID=1972

A risk management issue

I wish to pose a risk management issue for you to consider.

A low income family has a small amount of savings. They child is seriously ill. The medical expense will wipe out the entire savings. The chance of survival is low.

Should the family use the savings in an attempt to save their child? The parents want to do the best they can for the child.

http://tklcloud.com/Feedback/feedback2.aspx?id=2993

AGM Voting Software

I developed this platform for carrying out the voting in an AGM conducted over teleconferencing.

Several managing agents representing a few hundred condos in Singapore are interested in using this platform during the circuit breaker period.

You can view the videos and explanation of this platform here http://tklcloud.com/Meeting/home.aspx It can also be used for AGMs for associations, socieities and listed companies.

If you know of anybody who is interested in this platform, please refer them to kinlian@gmail.com.

Deaths per million

A good indicator of the severity of the covid-19 virus is the death per million of population. Here are the figures, ranked by country that are most severely hit. Most of these countries are in Europe and North America, which has just passed through winter. The countries in South East Asia have low rates as they are in the warm climate. Australia also just passed through summer and have low rates as well.

Some of the countries with cold climates have low death rates due to better social discipline. They include South Korea, Japan and China.

https://tklcloud.com/Feedback/feedback2.aspx?id=2989

Risk management concept

Some people argued that human life is valuable and that every effort should be made to save every human life and that money should not be an issue.

This is an irrational approach. 

The flaws in this argument are:https://tklcloud.com/Feedback/feedback2.aspx?id=2985

Profitable companies return subsidies under Job Support schemes

Some profitable companies, such as banks and pharmaceutical companies, have returned the subsidies given by the government under the Job Support schemes.  Their action is laudable. However, some other profitable companies may pocket the subsidies.  This shows the weakness of the approach adopted by the finance minister to help business meet the cost of the circuit breaker measures. What is a better approach? https://tklcloud.com/Feedback/feedback2.aspx?id=2984

Learn the fundamentals of risk management

Many people think that the best option is to have a total lockdown of the economy to stop the spread of the corona virus. This is often the wrong approach. It is too costly.

In risk management, we have to consider several approaches and weigh the cost of each option. This takes into account the severity and the frequency.

This risk management concept is explained in this course. It is available FREE now.

The risk management concept can also apply to personal risk management, e.g. should you buy insurance, what kind, and is it worth it?

https://tklcloud.com/Event/event_det.aspx?ID=105

Immunity from the corona virus

Many people are worried that immunity from the corona virus will not last long. They will be reinfected by a mutation of the virus. 

That is true. 

Read this post to get a more complete understanding on this topic.

https://tklcloud.com/Feedback/feedback2.aspx?id=2983

WOTC - Test the foreign workers

Wisdom of the Crowd: 71% of the respondents said that the government should test all the foreign workers and allow the uninfected ones to return to work, instead of locking down the entire country.

https://tklcloud.com/Crowd2/chart.aspx?ID=1970

WOTC: Extend the circuit breaker

Wisdom of the Crowd: 32% of the respondents support the decision of the government to extend the circuit breaker. The other 68% prefer other approaches to deal with the corona virus.

https://tklcloud.com/Crowd2/chart.aspx?ID=1971

Wisdom of the Crowd - New Issues

1. Will the second wave of the virus be serious?
2. With the benefit of hindsight, what is the best approach to stop the virus?

Vote in
https://tklcloud.com/Crowd2/vote.aspx

Safe Entry app

The Safe Entry age is well designed. It is easy to use.  It records the particulars of a visitor who passes through a checkpoint of a mall or a facility. The person uses his mobile phone to register a safe entry. 

Its drawback is that it does not cater for a visitor who is not familiar with the use of a mobile app or does not have a mobile phone on the visit. 

https://tklcloud.com/Feedback/feedback2.aspx?id=2982

Global trends on covid cases and deaths

These graphs of covid cases and deaths globally continue to show a healthy trend. The cases have stabilized. The deaths have dropped.

They support the views expressed by some epidemiologists (disease experts) that the virus have passed its peaks. Usually, they spread and caused deaths and illness for a few months.

Some other experts said that the drop is due to lockdown measures.

I believe the first group that it is the natural cause of a virus pandemic.

I also observed that the daily figures for a weekend tends to be lower. Perhaps some countries do not report fully during the weekends and push their figures to Monday.

Be respectful when giving your views

I have often seen people giving their views out of ignorance. They do not understand the subject well. They have gained some knowledge about the subject by reading the views of other people, but their understanding is limited. They challenge the views of other people who are usually more knowledgeable about the subject.  Here are some tips to avoid acting in what may appear to be an arrogant manner.

https://tklcloud.com/Feedback/feedback2.aspx?id=2978

Stay Safe at Home

To stop the spread of the covid-19 virus, the government has introduced the circuit breaker and closed most workplaces and businesses. They compelled the people to stay at home and avoid going out for social activities.  Most people support these measures. They consider that it is very important to stop the spread of the virus. They consider the heavy economic cost, which I estimated to be $60 billion, to be worth the saving of lives. They do not realize that the conclusion is not as simple as it appears. https://tklcloud.com/Feedback/feedback2.aspx?id=2977

Herd immunity

Most people think that herd immunity is a risky strategy for a country to adopt, as the rapid spread of the covid-19 virus can cause serious illness and deaths. 

 There are several epidemiologists who prefer to avoid a lockdown, as it does not solve the problem. It will cause a lot of harm to the economy. When the lockdown is relaxed, as it cannot be continued for too long, the virus will continue to spread as a large proportion of the population has not gained immunity. 

These experts prefer a strategy to isolate and protect the vulnerable population, i.e the elderly and those with pre-existing medical conditions, and allow the general population to gain the immunity. I wish to share the views of these experts and a political leader.

https://tklcloud.com/Feedback/feedback2.aspx?id=2976

Wisdom of the Crowd - New Issues

1. Are you alarmed at the increase of deaths from covid-19?

2. Will the covid-19 virus spread rapidly after the circuit breaker is relaxed?

Vote in
https://tklcloud.com/Crowd2/vote.aspx

WOTC - Extend circuit breaker measures

Wisdom of the Crowd: 43% said that it was necessary for the government to extend the circuit breaker measures. 57% disagreed.

https://tklcloud.com/Crowd2/chart.aspx?ID=1969

WOTC - Top executive salaries in Temasek Holdings

Wisdom of the Crowd: 96% of the respondents said that Temasek Holding should publish the salaries of its top executives.

https://tklcloud.com/Crowd2/chart.aspx?ID=1968