My friend said that it is when the traditional manufacturers like GM, Ford, Toyota, BMW starts to manufacture electric cars, Tesla will face strong competition. He thinks that Tesla will not be profitable.
I attended a presentation at Pixel building in One North. I checked Singapore map and found the building. It is a JTC building.
There was no indication on the map where the entrance is. There was also no sign on the site. It was a strange building.
I walked round the building. I could not find the entrance. I walked again. I finally saw it near the car park.
If someone drives into the car park, they can see the entrance. But if the visitor does not drive, it is quite confusing.
I had a similar problem when I visited another JTC building in Woodlands one month ago. The building is called Wave 9. It is a large building. There is no indication where the main entrance lobby is. I have to walked around this huge building.
Why are signs in Singapore so bad? Why can't they indicate where is the main entrance to the building?
1. Will global stock markets advance further in 2020? 2. Will the property market in Singapore recover in 2020? 3. Are many PMETs losing their jobs in Singapore? 4. Will Heng SK deliver a financial plan for the future?
When a Boeing 737 crashed near Amsterdam in 2009, killing nine people, the accident was blamed on Dutch pilots. But Boeing’s mistakes also contributed, including its design choices and faulty safety assessments.
A review by The New York Times of evidence from the 2009 accident, some of it previously confidential, reveals striking parallels with recent Boeing crashes that killed hundreds — and resistance by a team of Americans, including Boeing and federal officials, to a full airing of findings that later proved relevant to Boeing’s Max plane. An expert commissioned by the Dutch Safety Board to analyze the 2009 crash said it “represents such a sentinel event that was never taken seriously.” His study was never made public.
Comparisons: In the 2009 and Max accidents, the failure of a single sensor caused systems to misfire, with catastrophic results, and Boeing did not provide pilots with information that could have helped them react to the malfunction.
Quotable: The Turkish Airlines crash “should have woken everybody up,” said one aviation safety expert.
Viral ailment spreads in Asia, feeding fears of pandemic
The coronavirus causing a new respiratory illness is now capable of spreading from person to person, a prominent Chinese scientist said on Monday, as the authorities reported a third death and doubled the number of cases from a day earlier, including in Beijing and southern China for the first time.
Cases have also been reported in Japan, South Korea and Thailand.
With hundreds of millions of people in China expected to travel for the Lunar New Year holiday, which begins Friday, public health officials are working to forestall a major outbreak. Some experts have suggested that there are probably far more cases of the illness than China’s authorities have disclosed.
Wisdom of the Crowd: 86% of the respondents voted to change the focus to produce educated students rather than top students. 11% voted to abolish the scholarship system. 3% voted to reduce the syllabus.
Wisdom of the Crowd: 54% of the respondents prefer PR and new citizens to serve national service. 29% prefer to abolish NS and depend on a professional army. 17% prefer to reduce the time spend in NS and reservist by half. Nobody opted to continue NS it is current form.
a) Health 365 encourages users to exercise daily b) Health Hub allows users to book appointments and keep their health records.
Both apps are useful, but they are over-designed. They have too many functions and information. It confuses the users. Often, I get stuck on a screen that I do not want and have to find many ways to get out of it.
Minister Chan Chun Sing asked - what is the point of segregating the data between citizen and permanent resident?
The answer is obvious - there is a perception that local born citizens have a higher risk of losing their jobs through retrenchment and are forced to take a job as a driver or delivery crew, just to make a living.
The perception is that a large number of the new jobs go to permanent residents and foreigners, which could have gone to these locally born citizens.
I have a friend who invest in a digital bitcoin website blockchain advertising business, they promised him a payout of 2% per months , meaning he will get 24% per year ! This looks perfectly a good investment.
But he did not really know how this business really can delivers the returns as these returns are projections based on the company leaders self claim they can do it easily without showing how they can consistently deliver the results in a safe and sustainable way in long term.
Not long after he invested in his high hopes investment, he saw his investment value has achieved a 200% over a period of time . Later , he was encouraged by the company leaders to recruits members like him to join in and earn the rewards to invest in this scheme. The new recruits was also able to see their returns every month, but they cannot withdraw the money for the first two years but can see the value in digital figures. He also earns their joining fee.
He was so happy and wanted to cashout the investment for his children education in a local university. Little did he realize in digital sums in the Statement showing his 200% increase value that states he can withdraw the money after a promise minimum lock in period. He tries to withdraw the money, the system denied his request, mentioned the server is down and the company leaders mentioned that they are trying to rectify the issues. Months has passed , he still couldn’t withdraw the money inside .
The D - Days comes But was too late. He tried to call the office about the investment in the digital bitcoins on how he can get all the digital money out but only discovered that the telephone number is not in used and the office is closed. The company leaders which he keep in touch also went missing eventually!
Moral of the story, there is no such things of safe investment when comes to unqualified valuation and investment returns that are too good to believe in! In short, if you are promise a Mandate, and the mandates are part of the always changing mandates according to the company policy as part of the investment mandates, you should always beware the Risk? How True ?
MY COMMENT - Hello, this is a ponzi scheme. The promoter take the money from the later investors to pay the attractive return of the earlier investors. The ponzi grows in geometrical proportion. When the promoter has made enough money, he disappear with all the investments. The investors lost all of their money.
The govt has to pass a ridiculous law called POFMA. It is now being used to deal with alleged false statements issued by opposition parties. In some cases, these are just alternative opinions, but the minister invoked POFMA in an unfair way.
I will continue my Tesla story for those who are interested to follow me. This story is not for people who are cleverer than me, and who post remarks "I told you so".
When Tesla was on the way "to the moon", I sold 100 shares at $517 and another 100 shares at $524. I still kept 100 shares.
The shares went up to $540 in the pre-market. During the subsequent two nights, it dropped at the worse point to $500 (drop of 7.4%), due to two negative forecast from Tesla bears. It closed at $513. I watched the price moved up from $500 but was not brave enough to buy (I am not HC, OK?)
Hello, a drop of $40 on 100 shares is USD 4,000, ok? Don't play play.
I now have to decide. Should I sell my 100 shares or buy another 100 shares? I will consider carefully and make my decision later.
I can show you how to be "clever". At one place, I will post "sell" and give the reasons. At another place, I will post "buy" and give another set of reasons.
After the price has moved, I will refer to the "correct" post and say "I told you so". Clever or not?
It is easy to be "clever" with the benefit of hindsight, but it is difficult when the speculator has to decide with real money. A middle step is to open a "demo account" with Plus 500 and invest with "fake money". It is still difficult.
Wisdom of the Crowd: Only 11% of the respondents agreed with the govt's approach to strengthen the Fair Consideration Framework to ensure that locals are employed. the other 89% prefer other approaches.
Wisdom of the Crowd: 58% of the respondents prefer cash and credit card payment because it is convenient and free. They are not aware about the hidden cost that is reflected in the prices that they pay.
Wisdom of the Crowd: The respondents prefer the following measures to help people to cope with the loss of jobs during a recession - allow CPF savings to be withdrawn (38%), govt to create public sector jobs (35%), give unemployment benefit (15%), give govt loans at modest interest rate (9%)
The Privacy and Data Protection Act is a badly written law. It has caused a lot of unnecessary trouble and cost in administration. It does not achieve its primary goal of stopping the real intrusion of privacy.
Mr X came from Malaysia and worked in Singapore for many years. He might have converted to citizenship now.
He used to work in a MNC but lost his job as the MNC left Singapore.
He could not get another job, so he became a cook at a stall.
He has a mother, in the mid 70s, living in Butterworth, Penang. As the mother was living alone, he sent her to live in an old folks home.
What is the fee? He said RM 800 a month. It is a privately run home, and not a charity.
A similar old folks home in Singapore would cost $3,000 or RM 9,000. That is 10 times of what he paid in Butterworth.
If any minister ask me - what is the point of this post?
Well, I tell the stupid minister. This is to show that it is better to keep the cost of living low, so that people can afford the cost, rather than to jack up the cost to sky high levels and create all kinds of convoluted subsidy and funding schemes.
I have seen many cases of consumers being denied legitimate claims due to alleged non disclosures. I ask the regulator to study this matter and get insurers to adopt a code of practice that is fair to consumers.