Wednesday, May 05, 2021

WOTC - Role of ASEAN in Myanmar unrest

 Wisdom of the Crowd: 32% of the respondents are optimistic about the role of ASEAN in helping to resolve the internal unrest in Myanmar.

Chip shortage

 People are now talking about the "chip shortage" affecting the production of cars, mobile phones and a host of other products.

What is the cause of this chip shortage?

Provide statistics of hospital admissions due to covid

The Ministry of Health provide daily statistics of number of cases of covid infections - broken down by imported cases, dormitory cases and community cases.

I suggest that they should include an additional statistic - number of hospital admissions due to covid.

The current reporting regime scare the ordinary people. They think that each case will lead to a disastrous outcome.

I suspect that most of these cases in the community are mild and asymptomatic. They do not lead to hospital admissions.

During the past months, we have several hundred cases, including many imported cases, which do not require hospital treatment.

People do not die from the cases. They will die only from severe infection that require hospital treatment and intensive care that was not successful.

If the additional statistic on hospital admission is provided, it will help the general public to focus on the real risk and not be alarmed with the small number of cases that do not cause any harm.

We should also be aware of the harm that can be done to the economy, to the businesses, to livelihoods that can be caused by extreme and unnecessary measures to disrupt the normal daily activities.

We should also consider the adverse effort of the lockdown or circuit breaker on the mental health or financial stability of the entire population. This can also lead to an increase in suicide and family violence.

We need a balanced approach to access the real risks of health and the economy.

I hope that the ministerial task force consider my suggestion.

Monday, May 03, 2021

mRNA vaccine may cause a disaster

 A vaccine expert claims that the mRNA vaccine may cause a disaster.

Wisdom of the Crowd - New Issues


1. How should a developed country help the less developed countries?

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WOTC - Open our borders

 Wisdom of the Crowd: 75% of the respondents said Singapore should continue to open our borders.

Election process in America

 It is very expensive and time consuming to carry out election in America. Yet, the process can be subject to fraud.

New York Times.
A few years ago, Bladen County, N.C., made national headlines. In 2018, Mark Harris, a Republican, beat out his Democratic opponent for a congressional seat, but the election was later thrown out and a new election was called after his campaign was investigated over suspicions of absentee-ballot fraud.
But according to some local residents, the authorities got it all wrong. They say there’s a powerful group still at work in the county, tampering with elections, bullying voters and stealing votes — a Black advocacy group, the Bladen County Improvement Association PAC. These accusations have never been substantiated, but they persist.

Bitcoin and bitcoin cash

 I learned some useful information about the use of bitcoin and bitcoin cash for making international payments.

Do not over react to the covid pandemic in India

 I share my view about the seriousness of the covid pandemic in India and how it may affect Singapore.

Sunday, May 02, 2021

Wisdom of the Crowd - New Issues

1. Will the global economy collapse this year?

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Tesla has a big advantage in manufacturing efficiency

 In this article, I explain why I bought Tesla shares in mid 2019 and why I continue to have a high conviction in this stock.

A disappointing drop in price for Nano Dimension

 I hold 4,000 shares of Nano Dimension (NNDM) at $7.58 USD.

The stock opened on 25 April at $9.00, up 10% over the previous close. I gave an order to sell the stock at $9.20. I thought that it could easily reach this price based on the strong momentum.
I was unlucky. It did not hit my target price.
The stock had since dropped to $7.34. The drop of $1.66 (difference between $9.00 and $7.34) amount to $6,640 on my 4,000 shares.
I will hold the shares and wait for it to reach $9.00 again.

WOTC - When will next prime minister takes over?

 Wisdom of the Crowd: 88% of the respondents expect the next prime minister to take over after the next general election or afterwards.

Unable to complete the One Pass registration process

 Sing Tel makes it difficult for me to register to receive my statement in soft copy. They expect me to register an One Pass account. I am unable to complete this process in spite of attempting several times.

Here is my latest experience.

Friday, April 30, 2021

Cabinet ministers must work as a team

 It is important for the cabinet ministers to work as a team. They should discuss the challenges facing the country and use the resources of their ministries and civil servants to deal with these challenges. 

It will be very bad if the ministers work in silos and each minister looks after his own KPIs (key performance indicators) to achieve a good score and earn a better bonus given by the prime minister. 

This silo approach will be bad for teamwork and bad for the country. It will produce wasteful and inefficient outcomes. 

There was a recent challenge arising from the decision of Heng Swee Kiat to step down as finance minister and prime minister designate. 

How does the prime minister address this challenge? If he works with his ministers as a team, he will get all of together in a cabinet meeting and ask the questions:

a) What are our key challenges arising from this event?
b) What is the strategy to address these challenges?
c) Who are the people best suited to manage these strategies?

This does not seem to be the way that the challenge was addressed. 

Instead, we now learn, from the interview given by minister Ong Ye Kung, that he received a telephone call from the prime minister and was told that he has to move to be the health minister. They spent 45 minutes to discuss what was expected to be achieved in that ministry. In other words, the minister was told by the prime minister about his KPIs.

This is a bad way to manage a team and a bad way to manage the tremendous challenges facing the country.

This is the way that I read the situation. I may be wrong and may have interpreted it wrongly.

Anyway, I am concerned for the future of Singapore and for our future generations.

Food security for Singapore

With trade tensions around the world, there is a risk that the disruption of the supply chain can affect the supply of food.
Singapore depends on imports for most of our food requirements. We are especially vulnerable to a disruption in the supply chain for food.
We need to produce our own food for our food security.
While rice, wheat and other staple food may be a challenge, we can produce our own eggs, poultry, vegetables and plants. With modern farming technology, we can increase the productivity of the farms to make it viable.
We only need to provide land at agricultural prices (and not commercial and industrial prices). By using technology to achieve high productivity, we can increase the productivity and get a high throughput for our limited land.
We can invite businesses with the experience in high tech farming to set up operations in Singapore by providing suitable land at agricultural prices and a guaranteed market for our local needs. With time, the local workers can learn the technology of high tech farming to ensure that we can rely on our local expertise.
I hope that our government leaders can pay attention to this challenge of food security and adopt the strategy that I have proposed (or any other better strategy that they can work out).

Singapore has to faced three key challenges in 2021 and beyond

The first and most immediate challenge is to deal with the covid pandemic. The severity of the second wave in India is worrisome. Some other countries have also been seen large increase in infection and deaths.

Will Singapore be caught in a crisis of the same scale as India. Will we see a large increase in infection that will get out of control, overwhelm our health system and bring large number of deaths?

This is not the only challenge.

We still have the challenge of taking care of large numbers of people who have lost their jobs during the lockdown and border closures. They were given financial assistance in 2020, but this assistance will be scaled down significantly or entirely in 2021.

Looking ahead, we also need to worry about our food security. With trade tensions, disruption to the supply chains, and the crisis faced in many countries, there is a big risk that this will apply to the food supply. As Singapore is almost totally dependent on the import of food, we will be severely stressed if the supply of food is disrupted.

Our government leaders have to be aware and addressed all the three key challenges.

It they focus only on the first challenge, namely to deal with the covid pandemic, they may neglect the other two challenges. Worse, the severe actions taken to deal with the first challenge may create a bigger problem with the recovery of the economy and providing jobs for our people in the new economic environment of the future.

This will be a real test of the quality of our leaders.

WOTC: Who should vote?

 Wisdom of the Crowd: 55% of the respondents said that only local born citizens and new citizens who have been in the country for at least five years should be allowed to vote.

Thursday, April 29, 2021

WOTC - Constitution of a country

 Wisdom of the crowd: The top choices of the principle to be embedded in the constitution of a country are - justice and fairness (38%) and livelihood and welfare of the people (33%).

Wednesday, April 28, 2021

Second wave of covid pandemic in India

 China has a population of 1.4 billion. India has a population only slightly smaller.

Covid attacked China in December 2019. It was a new virus. Very little was known about it.

The virus caused severe havoc in China. 4,630 people has since died.

During the first wave of the pandemic, India was not affected severely. The death rate was quite low.

It is unexpected to see the severe impact of the second wave of the pandemic in India. It has already caused 201,000 deaths. This is 50 times of the deaths in China.

Some people say that the actual deaths from covid is under-reported. The actual death is many times higher.

The scale is unimaginable.

Polarized political system in the US

The political system in the US is in deep crisis.

The two parties, Democrats and Republicans, are deeply divided. They disagree on many political issues based on ideology, rather than on common sense or logic.

They do not address the real issues facing the ordinary people and do not seek to find the soltuions that are for the good of the people.

WOTC - Grab platform

 Wisdom of the Crowd: 67% of the respondents have a negative opinion about Grab services.

Sunday, April 25, 2021

Wisdom of the Crowd - New Issues

1. Did ASEAN play a useful role towards resolving the political problem in Myanmar?
2. Is it appropriate for ASEAN to invite General Min to the meeting in Jakarta?
3. Will India accept China's help to fight the covid pandemic?

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WOTC - Remove two term limit for President XJP

 Wisdom of the Crowd: 69% of the respondents give a positive reason for the CCP leadership to remove the term limit for the President XJP.

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