In 14.5 hours time I'll be flying to LA. Finally back to the golden state! I guess I should be feeling all excited and pumped up right now, but for some reason I'm not....
Perhaps its the flu. What a bad time to have caught the flu. And by the way, its the third time I have the flu since the start of the year!!! Something tells me I never really recovered but probably just did too many silly things and got the virus taking over my body again.....
But perhaps its more than the flu.... I guess these days I'm searching for more direction and yet I can't find it. It's almost like I'm a wandering soul who does not know what he wants. And I don't know who can help me. I have choices, but yet there's no certainty that any path I take in any aspect of life is going to lead to greater happiness.
We hear of "life, liberty and the pursuit of happiness" and I believe every word of it. Like the trailer of Will Smith's new movie "The Pursuit of Happyness" I believe that if one has a clear goal like Will Smith, and goes for it, he will eventually find happiness. But what if one doesn't have any clear goal? How then is the pursuit of happiness going to happen? Perhaps life and liberty are sufficient?
In my two and a half years back in Singapore there are probably only two things that have brought happiness: contributing to society, and earning recognition for good work. But then again such events don't come by often, and it takes a lot of sweat and tears for a short moment of happiness. Perhaps there's more ways to be happy. Some guru's say that one should be happy with a positive attitude approaching every task at work. I try so hard to do so, but unfortunately the positive attitude thing doesn't really last past the first hour of the day, or the last hour (knowing that I'll be out of there soon). Where do we go from here?
Perhaps I will learn more about "life, liberty and the pursuit of happiness" in the "Land of the free, and the home of the brave (BEARS!)".
Friday, February 23, 2007
Sunday, February 18, 2007
Didn't you know that?
I've spent a large part of the last 2 days reformatting my hard drive. Some windows error was causing it to get more and more corrupted so I had to do something about it before the CNY weekend.
Happy Chinese New Year everyone! (Before I forget)
I found out something interesting. Did you realise that many supermarkets in the US stock goods that are $4.99, $9.99, $XX.99 etc? Well we always thought the idea of using the .99 was to make goods look cheaper than it actually are. Which is kinda dumb anyway, because the consumer really isn't that stupid... It turns out that supermarkets price goods at $XX.99 on purpose so that the cashier has to ring the till during a purchase since most people won't have exact change. The practice came about because too many supermarket cashiers will pilfering the money paid for goods without putting it into the till. It's difficult for them to do that if the till has to be opened for change, because there will be a record. Betcha didn't know that!
You know kids always put things into their mouths? I saw a documentary that says that kids keep doing that and it's alright, because the body needs that to build up extra resistance to foreign germs/bacteria. By eating and being exposed to these harmful germs, the body will produce antibodies to fight against them. Interestingly however, I also read a health book that says if you want to get sick less often (for adults only), wash your hands before you eat! Poor hand hygiene is the biggest cause of most adult sicknesses (flu, stomachache etc), which is quite surprising compared to the kids huh?
There is a big tussle in Oregon about some euthanasia law. Voters generally refer to it as "physician-assisted suicide" but advocates object that "suicide" refers to "cut(ting) short a life that would otherwise continue, whereas terminal patients are simply hastening a death that is already near". I think this line of thought leads us down a dangerous path. How near is a death that is near? Everybody dies, eventually, and I doubt anyone can predict death accurately all the time. People given a few days to live have often lived a few more years, and vice versa. Euthanisia is a form of suicide regardless of whether you find it morally appealing or not. Nobody can decide with absolute certainty that death is actually "near" enough so that life would not "otherwise continue".
Happy Chinese New Year everyone! (Before I forget)
I found out something interesting. Did you realise that many supermarkets in the US stock goods that are $4.99, $9.99, $XX.99 etc? Well we always thought the idea of using the .99 was to make goods look cheaper than it actually are. Which is kinda dumb anyway, because the consumer really isn't that stupid... It turns out that supermarkets price goods at $XX.99 on purpose so that the cashier has to ring the till during a purchase since most people won't have exact change. The practice came about because too many supermarket cashiers will pilfering the money paid for goods without putting it into the till. It's difficult for them to do that if the till has to be opened for change, because there will be a record. Betcha didn't know that!
You know kids always put things into their mouths? I saw a documentary that says that kids keep doing that and it's alright, because the body needs that to build up extra resistance to foreign germs/bacteria. By eating and being exposed to these harmful germs, the body will produce antibodies to fight against them. Interestingly however, I also read a health book that says if you want to get sick less often (for adults only), wash your hands before you eat! Poor hand hygiene is the biggest cause of most adult sicknesses (flu, stomachache etc), which is quite surprising compared to the kids huh?
There is a big tussle in Oregon about some euthanasia law. Voters generally refer to it as "physician-assisted suicide" but advocates object that "suicide" refers to "cut(ting) short a life that would otherwise continue, whereas terminal patients are simply hastening a death that is already near". I think this line of thought leads us down a dangerous path. How near is a death that is near? Everybody dies, eventually, and I doubt anyone can predict death accurately all the time. People given a few days to live have often lived a few more years, and vice versa. Euthanisia is a form of suicide regardless of whether you find it morally appealing or not. Nobody can decide with absolute certainty that death is actually "near" enough so that life would not "otherwise continue".
Monday, February 12, 2007
Nature or nurture? Or does it even matter?
It's been a great and eventful weekend. Lotsa sun, lotsa skating and great food. So I'm gonna post another blog. 3 blog entries in one weekend is too much? Well, perhaps I might not have time once I make the US trip (gonna be skiing in Mammoth baby!), so here goes.
I jumped right into this article in this week's Economist because it caught my eye right there when I opened the cover. The big nature/nurture debate in the search for gifted geniuses. Why's there such a fuss over who's the brightest smartest little kid? It doesn't take a genius with an IQ of 200 to run the world's most powerful country (hell you got that right!) or make the most money in the stockmarket. And neither is it that every great scientist or artist is truly a child genius, perhaps some aren't even geniuses but just really persistant. The last sentence of the article perhaps sheds some light. (Hope nobody sues me for copyright, but hey, I'm trying to promote their magazine okay!)
Gifted children
Bright sparks
Feb 8th 2007
From The Economist print edition
Not everyone's a genius, but don't say so in front of the children
BY the time Laszlo Polgar's first baby was born in 1969 he already had firm views on child-rearing. An eccentric citizen of communist Hungary, he had written a book called “Bring up Genius!” and one of his favourite sayings was “Geniuses are made, not born”.
An expert on the theory of chess, he proceeded to teach little Zsuzsa at home, spending up to ten hours a day on the game. Two more daughters were similarly hot-housed. All three obliged their father by becoming world-class players. The youngest, Judit, is currently ranked 13th in the world, and is by far the best female chess player of all time.
Would the experiment have succeeded with a different trio of children? If any child can be turned into a star, then a lot of time and money are being wasted worldwide on trying to pick winners.
America has long held “talent searches”, using test results and teacher recommendations to select children for advanced school courses, summer schools and other extra tuition. This provision is set to grow. In his state-of-the-union address in 2006, President George Bush announced the “American Competitiveness Initiative”, which, among much else, would train 70,000 high-school teachers to lead advanced courses for selected pupils in mathematics and science. Just as the superpowers' space race made Congress put money into science education, the thought of China and India turning out hundreds of thousands of engineers and scientists is scaring America into prodding its brightest to do their best.
The philosophy behind this talent search is that ability is innate; that it can be diagnosed with considerable accuracy; and that it is worth cultivating.
In America, bright children are ranked as “moderately”, “highly”, “exceptionally” and “profoundly” gifted. The only chance to influence innate ability is thought to be in the womb or the first couple of years of life. Hence the fad for “teaching aids” such as videos and flashcards for newborns, and “whale sounds” on tape which a pregnant mother can strap to her belly.
In Britain, there is a broadly similar belief in the existence of innate talent, but also an egalitarian sentiment which makes people queasy about the idea of investing resources in grooming intelligence.
Teachers are often opposed to separate provision for the best-performing children, saying any extra help should go to stragglers. In 2002, in a bid to help the able while leaving intact the ban on most selection by ability in state schools, the government set up the National Academy for Gifted and Talented Youth. This outfit runs summer schools and master classes for children nominated by their schools. To date, though, only seven in ten secondary schools have nominated even a single child. Last year all schools were told they must supply the names of their top 10%.
Picking winners is also the order of the day in ex-communist states, a hangover from the times when talented individuals were plucked from their homes and ruthlessly trained for the glory of the nation. But in many other countries, opposition to the idea of singling out talent and grooming it runs deep. In Scandinavia, a belief in virtues like modesty and social solidarity makes people flinch from the idea of treating brainy children differently.
And in Japan there is a widespread belief that all children are born with the same innate abilities—and should therefore be treated alike. All are taught together, covering the same syllabus at the same rate until they finish compulsory schooling. Those who learn quickest are expected then to teach their classmates.
In China, extra teaching is provided, but to a self-selected bunch. “Children's palaces” in big cities offer a huge range of after-school classes. Anyone can sign up; all that is asked is excellent attendance.
Statistics give little clue as to which system is best. The performance of the most able is heavily affected by factors other than state provision. Most state education in Britain is nominally non-selective, but middle-class parents try to live near the best schools. Ambitious Japanese parents have made private, out-of-school tuition a thriving business. And Scandinavia's egalitarianism might work less well in places with more diverse populations and less competent teachers. For what it's worth, the data suggest that some countries—like Japan and Finland, see table—can eschew selection and still thrive. But that does not mean that any country can ditch selection and do as well.
Mr Polgar thought any child could be a prodigy given the right teaching, an early start and enough practice. At one point he planned to prove it by adopting three baby boys from a poor country and trying his methods on them. (His wife vetoed the scheme.) Some say the key to success is simply hard graft. Judit, the youngest of the Polgar sisters, was the most driven, and the most successful; Zsofia, the middle one, was regarded as the most talented, but she was the only one who did not achieve the status of grand master. “Everything came easiest to her,” said her older sister. “But she was lazy.”
I jumped right into this article in this week's Economist because it caught my eye right there when I opened the cover. The big nature/nurture debate in the search for gifted geniuses. Why's there such a fuss over who's the brightest smartest little kid? It doesn't take a genius with an IQ of 200 to run the world's most powerful country (hell you got that right!) or make the most money in the stockmarket. And neither is it that every great scientist or artist is truly a child genius, perhaps some aren't even geniuses but just really persistant. The last sentence of the article perhaps sheds some light. (Hope nobody sues me for copyright, but hey, I'm trying to promote their magazine okay!)
Gifted children
Bright sparks
Feb 8th 2007
From The Economist print edition
Not everyone's a genius, but don't say so in front of the children
BY the time Laszlo Polgar's first baby was born in 1969 he already had firm views on child-rearing. An eccentric citizen of communist Hungary, he had written a book called “Bring up Genius!” and one of his favourite sayings was “Geniuses are made, not born”.
An expert on the theory of chess, he proceeded to teach little Zsuzsa at home, spending up to ten hours a day on the game. Two more daughters were similarly hot-housed. All three obliged their father by becoming world-class players. The youngest, Judit, is currently ranked 13th in the world, and is by far the best female chess player of all time.
Would the experiment have succeeded with a different trio of children? If any child can be turned into a star, then a lot of time and money are being wasted worldwide on trying to pick winners.
America has long held “talent searches”, using test results and teacher recommendations to select children for advanced school courses, summer schools and other extra tuition. This provision is set to grow. In his state-of-the-union address in 2006, President George Bush announced the “American Competitiveness Initiative”, which, among much else, would train 70,000 high-school teachers to lead advanced courses for selected pupils in mathematics and science. Just as the superpowers' space race made Congress put money into science education, the thought of China and India turning out hundreds of thousands of engineers and scientists is scaring America into prodding its brightest to do their best.
The philosophy behind this talent search is that ability is innate; that it can be diagnosed with considerable accuracy; and that it is worth cultivating.
In America, bright children are ranked as “moderately”, “highly”, “exceptionally” and “profoundly” gifted. The only chance to influence innate ability is thought to be in the womb or the first couple of years of life. Hence the fad for “teaching aids” such as videos and flashcards for newborns, and “whale sounds” on tape which a pregnant mother can strap to her belly.
In Britain, there is a broadly similar belief in the existence of innate talent, but also an egalitarian sentiment which makes people queasy about the idea of investing resources in grooming intelligence.
Teachers are often opposed to separate provision for the best-performing children, saying any extra help should go to stragglers. In 2002, in a bid to help the able while leaving intact the ban on most selection by ability in state schools, the government set up the National Academy for Gifted and Talented Youth. This outfit runs summer schools and master classes for children nominated by their schools. To date, though, only seven in ten secondary schools have nominated even a single child. Last year all schools were told they must supply the names of their top 10%.
Picking winners is also the order of the day in ex-communist states, a hangover from the times when talented individuals were plucked from their homes and ruthlessly trained for the glory of the nation. But in many other countries, opposition to the idea of singling out talent and grooming it runs deep. In Scandinavia, a belief in virtues like modesty and social solidarity makes people flinch from the idea of treating brainy children differently.
And in Japan there is a widespread belief that all children are born with the same innate abilities—and should therefore be treated alike. All are taught together, covering the same syllabus at the same rate until they finish compulsory schooling. Those who learn quickest are expected then to teach their classmates.
In China, extra teaching is provided, but to a self-selected bunch. “Children's palaces” in big cities offer a huge range of after-school classes. Anyone can sign up; all that is asked is excellent attendance.
Statistics give little clue as to which system is best. The performance of the most able is heavily affected by factors other than state provision. Most state education in Britain is nominally non-selective, but middle-class parents try to live near the best schools. Ambitious Japanese parents have made private, out-of-school tuition a thriving business. And Scandinavia's egalitarianism might work less well in places with more diverse populations and less competent teachers. For what it's worth, the data suggest that some countries—like Japan and Finland, see table—can eschew selection and still thrive. But that does not mean that any country can ditch selection and do as well.
Mr Polgar thought any child could be a prodigy given the right teaching, an early start and enough practice. At one point he planned to prove it by adopting three baby boys from a poor country and trying his methods on them. (His wife vetoed the scheme.) Some say the key to success is simply hard graft. Judit, the youngest of the Polgar sisters, was the most driven, and the most successful; Zsofia, the middle one, was regarded as the most talented, but she was the only one who did not achieve the status of grand master. “Everything came easiest to her,” said her older sister. “But she was lazy.”
Sunday, February 11, 2007
Tiong Bahru Porridge
Tiong Bahru Porridge has a branch in Parkway Parade! I have no idea when they set up, but I just had to try their famous pigs organ porridge (zhu zha zhou) when I passed by just now. The fried intestines were so crispy and tasty, I even added extra ($2.20 more) mmmmmmm!!!! Two thumbs up!
When I was young I always had pigs organ porridge at Tiong Bahru market every sunday when we visited my grandpa. Unfortunately he has passed away and we never really went there since. The old geezer who manned the stall was very grumpy one! He only opens late in the evening and when he's in a good mood. And for a long time it was only a one man show. Well, I heard his sons have taken over and made it a chain with a few branches, while the old man has passed away recently (may his soul rest in peace). The other good stuff from Tiong Bahru market is the juee kuei, which has coincidentally also become a chain! But I think their other branches aren't doing that well, Telok Blangah branch closed down after a few months.
Okay, I'm not really a foodie I confess. But the top 2 places for pigs organ porridge are Tiong Bahru porridge (any branch) and Tiong Shan (chang cheng) porridge in Chinatown at the corner of Keong Saik and Eu Tong Sen. Tiong Shan is more popular because it has like 20 other kinds of porridge also, the most popular being the frogs legs one. However, there's other shady business going on along Keong Saik road so perhaps you wouldn't stay there too late haha.... And it's a pain getting seating during dinner because its just so crowded man! Very hot and squeezy, definitely not as comfy as the new Tiong Bahru market or Parkway Parade (aircon)!
So why did my family grow up eating porridge? Well, my late grandpa once said that it was popular during the war, though they did not have tasty intestines during that time. Porridge makes your stomach feel full (shiok) though you aren't exactly eating much food, which is perfect during the war when food was scarce. I guess porridge has gone a long way since then......
When I was young I always had pigs organ porridge at Tiong Bahru market every sunday when we visited my grandpa. Unfortunately he has passed away and we never really went there since. The old geezer who manned the stall was very grumpy one! He only opens late in the evening and when he's in a good mood. And for a long time it was only a one man show. Well, I heard his sons have taken over and made it a chain with a few branches, while the old man has passed away recently (may his soul rest in peace). The other good stuff from Tiong Bahru market is the juee kuei, which has coincidentally also become a chain! But I think their other branches aren't doing that well, Telok Blangah branch closed down after a few months.
Okay, I'm not really a foodie I confess. But the top 2 places for pigs organ porridge are Tiong Bahru porridge (any branch) and Tiong Shan (chang cheng) porridge in Chinatown at the corner of Keong Saik and Eu Tong Sen. Tiong Shan is more popular because it has like 20 other kinds of porridge also, the most popular being the frogs legs one. However, there's other shady business going on along Keong Saik road so perhaps you wouldn't stay there too late haha.... And it's a pain getting seating during dinner because its just so crowded man! Very hot and squeezy, definitely not as comfy as the new Tiong Bahru market or Parkway Parade (aircon)!
So why did my family grow up eating porridge? Well, my late grandpa once said that it was popular during the war, though they did not have tasty intestines during that time. Porridge makes your stomach feel full (shiok) though you aren't exactly eating much food, which is perfect during the war when food was scarce. I guess porridge has gone a long way since then......
Saturday, February 10, 2007
Come and join the OAC ah
C says there was snow at Mammoth until June last year, so I'm going SKIING!!! Heheh, this is gonna be like the best thing in the longest time! Last time I hit the slopes was in 2004, and I think it was Donner ski ranch, not exactly the best place in the world!
So I've been training up by going skating. I'm skating today, and tomorrow also. As I was skating today there was this guy who was stroking and gliding BACKWARDS!! Basically he was skating backwards faster than most people can skate forward, and that's no joke man! And he looks behind too OMG! That's one trick I gotta learn man. Otherwise the weather was absolutely fantastic, and I wish I could stay another hour, but lunch beckoned and I had to head to the museum in the afternoon.
So what was I doing at the museum? I signed up for volunteering and they wanted to talk to me about what I wanna do. I was up for the History gallery guide position except I'm gonna be in California when the training starts (ouch). It turns out that the docents for the history gallery really got to know lotsa stuff man. Got to do own research and all too! Anyway, looks like I'm gonna do the architectural tours as well as the special exhibits which is pretty darn cool too!
Later in the evening I met up with some OAC alumni for chinese new year dinner. And they were all so young man! Most of them were 06/07, I'm 96/97 which is like 10 years ago man! But its good to hear they are still quite enthusiastic. It always worried me that kids today might regress in their enthusiasm of outdoor adventure. Especially after the unfortunate accident that happened to the RJ ODAC.... But anyway, all's good. And really brought back good memories of happy days. Here's some good 'ol OAC songs to reminisce (though I might have lost some lyrics):
A is for Akua, we love Akua, if you wanna be the best, come and join the OAC ah!
B is for Bak Kwa
C is for Chao Tah
D is for Dao Kua
E is for Eno
F is for Fried Fish
G is for Gu-Niang
H is for Hao Lian
I is for Idiot
J is for Ja-gong
K is for Kiasu
L is for Lao-sai
M is for Milo
N is for NJC
O is for OAC
P is for Pai Kia
Q is for QM
R is for Reccee
S is for Sam-pa or seniors
T is for Topo
U is for Ubin
V is for ???
W is for Water
X is for ???
Y is for Yao Kwee
Z is for Ziploc
(Perhaps someone can fill the blanks)
*************************************
Mmm Mmm went a little green frog one day
Mmm Mmm went a little green frog
Mmm Mmm went a little green frog one day
And a little green frog went mmm mmm
But we know frogs go: Clap! Shalalalala
Clap! Shalalalala
We know frogs go: Clap! Shalalalala
Frogs don't go mmm mmm
Choo choo went a little blue train one day
Choo choo went a little blue train
Choo choo went a little blue train one day
And a little blue train went choo choo
But we know trains go: Clap! Shalalalala
Clap! Shalalalala
We know trains go: Clap! Shalalalala
Trains don't go choo choo
Nag nag went a little sam-pa one day
Nag nag went a little sam-pa
Nag nag went a little sam-pa one day
And a little sam-pa went nag nag
But we know sam-pa's go: Waaaaaaa!
Waaaaaa! Waaaaaa!
We know sam-pa-s go: Waaaaa!
Sam-pa's don't go nag nag
**********************************
Chou nan ren, chou nan ren
Every morning we see you
Play carrom, ti soccer
We're not happy to see you!
**********************************
I ask my love
To take a walk
To take a walk
Down Orchard Road
Bypass Mandarin
To Centerpoint
We had our lunch
At McDonald
We had filet
And apple pie
We shared a cup
Of lemon lime
I hold her hand
Look into her eyes
I ask her to be
My valentine
There was one night
There was no light
There was no light
So we use torchlight
Under the clear blue sky
Under the bright moonlight
I ask her to be
My future wife
***************************
How long can we wait for our fighting to end?
How long can we wait for our love to begin?
Oh can't you see we can't wait for forever to start
Together, forever we are one
Together, together we are one
One body one army we are one
United we stand, divided we fall
Together forever, all for one and one for all!
So I've been training up by going skating. I'm skating today, and tomorrow also. As I was skating today there was this guy who was stroking and gliding BACKWARDS!! Basically he was skating backwards faster than most people can skate forward, and that's no joke man! And he looks behind too OMG! That's one trick I gotta learn man. Otherwise the weather was absolutely fantastic, and I wish I could stay another hour, but lunch beckoned and I had to head to the museum in the afternoon.
So what was I doing at the museum? I signed up for volunteering and they wanted to talk to me about what I wanna do. I was up for the History gallery guide position except I'm gonna be in California when the training starts (ouch). It turns out that the docents for the history gallery really got to know lotsa stuff man. Got to do own research and all too! Anyway, looks like I'm gonna do the architectural tours as well as the special exhibits which is pretty darn cool too!
Later in the evening I met up with some OAC alumni for chinese new year dinner. And they were all so young man! Most of them were 06/07, I'm 96/97 which is like 10 years ago man! But its good to hear they are still quite enthusiastic. It always worried me that kids today might regress in their enthusiasm of outdoor adventure. Especially after the unfortunate accident that happened to the RJ ODAC.... But anyway, all's good. And really brought back good memories of happy days. Here's some good 'ol OAC songs to reminisce (though I might have lost some lyrics):
A is for Akua, we love Akua, if you wanna be the best, come and join the OAC ah!
B is for Bak Kwa
C is for Chao Tah
D is for Dao Kua
E is for Eno
F is for Fried Fish
G is for Gu-Niang
H is for Hao Lian
I is for Idiot
J is for Ja-gong
K is for Kiasu
L is for Lao-sai
M is for Milo
N is for NJC
O is for OAC
P is for Pai Kia
Q is for QM
R is for Reccee
S is for Sam-pa or seniors
T is for Topo
U is for Ubin
V is for ???
W is for Water
X is for ???
Y is for Yao Kwee
Z is for Ziploc
(Perhaps someone can fill the blanks)
*************************************
Mmm Mmm went a little green frog one day
Mmm Mmm went a little green frog
Mmm Mmm went a little green frog one day
And a little green frog went mmm mmm
But we know frogs go: Clap! Shalalalala
Clap! Shalalalala
We know frogs go: Clap! Shalalalala
Frogs don't go mmm mmm
Choo choo went a little blue train one day
Choo choo went a little blue train
Choo choo went a little blue train one day
And a little blue train went choo choo
But we know trains go: Clap! Shalalalala
Clap! Shalalalala
We know trains go: Clap! Shalalalala
Trains don't go choo choo
Nag nag went a little sam-pa one day
Nag nag went a little sam-pa
Nag nag went a little sam-pa one day
And a little sam-pa went nag nag
But we know sam-pa's go: Waaaaaaa!
Waaaaaa! Waaaaaa!
We know sam-pa-s go: Waaaaa!
Sam-pa's don't go nag nag
**********************************
Chou nan ren, chou nan ren
Every morning we see you
Play carrom, ti soccer
We're not happy to see you!
**********************************
I ask my love
To take a walk
To take a walk
Down Orchard Road
Bypass Mandarin
To Centerpoint
We had our lunch
At McDonald
We had filet
And apple pie
We shared a cup
Of lemon lime
I hold her hand
Look into her eyes
I ask her to be
My valentine
There was one night
There was no light
There was no light
So we use torchlight
Under the clear blue sky
Under the bright moonlight
I ask her to be
My future wife
***************************
How long can we wait for our fighting to end?
How long can we wait for our love to begin?
Oh can't you see we can't wait for forever to start
Together, forever we are one
Together, together we are one
One body one army we are one
United we stand, divided we fall
Together forever, all for one and one for all!
Thursday, February 08, 2007
Just read this interesting article
Under Dr Lee's microscope
Letter from Associate Professor Lee Wei Ling
Director, National Neuroscience Institute
THE official stance by the Government is that there is nothing wrong with its biomedical research strategy. It justifies that it is on the right track by the fact that the biomedical sector now makes up a quarter of Singapore's Gross Domestic Product generated by manufacturing.
Output by Singapore's drug factories jumped by over a third last year, pushing overall biomedical production up by 30.2 per cent. This robust growth puts biomedical output at a record $23 billion, almost four times the production in 2000. More than 90 per cent comes from pharmaceuticals, with the rest from the medical technology sector.
To attribute the investment by biomedical companies in Singapore to our multibillion dollar research drive is inaccurate. Numerous news agencies and newspapers have reported the reasons why these biomedical companies decided to set up in Singapore. The generous help from the Singapore Government, the strict enforcement of intellectual-property (IP) laws, proximity to new major markets in Asia, Singapore's efficiency, educated workforce and English-speaking environment are the incentives for investing in Singapore.
Singapore's own huge biomedical research initiative is not an important consideration, except in the few cases where the pharmaceutical companies have joint research ventures with the Agency for Science, Technology and Research (A*Star) or the Biopolis. This is not surprising. Research groups doing similar research are all competing with each other to make breakthroughs — only then do they get the IP rights. So, how would having competing groups in Singapore be an incentive for biomedical companies to come and set up shop here?
Mr Philip Yeo described me as "a voice in the wilderness", noting that I have not been in the Biopolis. But I have received more fanmail than I can remember from Singapore doctors and researchers, thanking me for pointing out the obvious mistake in the way the biomedical drive has been carried out.
I would challenge that, having never practised as a doctor, Mr Yeo is strategising about biomedical research directions in an ivory tower. He has been very successful in selling Singapore in the past, but biomedical research is a different ball game. The fact that he dismisses the importance of Hepatitis B and head injury shows how out of touch he is with reality.
Yes, Singapore is immunising its children against Hepatitis B, but immunisation does not help someone who is already a carrier for the Hepatitis B virus. What is more significant is that 5 per cent of all ethnic Chinese are Hepatitis B carriers.
Head injury is the major cause of disability in children and economically-productive adults. The cost to the patients' families and to society equals, if not exceeds, that of cancer. Head injury is not particular to Singapore, but it is an area where not many research centres have chosen to concentrate on. At the National Neuroscience Institute, we have a good research track record and will continue to pursue this area of research.
Lieutenant-General (NS) Lim Chuan Poh said "you have to give it time to show success. Some of these things cannot be done in a matter of three or five years; we are going to stay the course".
If A*Star believes this, why did it sign an agreement with Johns Hopkins that had a five year timeline?
In fact, Professor William Brody from The Johns Hopkins University alluded to this when he was asked about biomedical research in Singapore. Prof Brody also pointed out the fact "that research is not linear, or predictable — it's unpredictable".
Can Singapore afford to continue to pour in huge sums of money for 10 or 20 years in the hope of eventually yielding results, yet knowing that there is no certainty of success?
Lt-Gen Lim goes on to ask: "Why must it be that Singaporeans cannot be world-beaters?" My answer to that is: Singaporeans can be world-beaters — if Singapore has the appropriate research strategy and concentrates effort and resources on the areas where we have a competitive advantage. The Singapore Olympic Council seems to understand this simple concept which escapes the highly intellectual officials determining the direction of Singapore's research strategy.
A*Star dismissed any suggestion that the Government might be rethinking its strategy to develop the biomedical research sector. However, Dr Tony Tan seems more open-minded about this issue. Dr Tan, who is the Research, Innovation and Enterprise Council's deputy chairman, said he was sure the biomedical science executive committee will consider all input: "If there is any change in direction or emphasis necessary, I'm confident they will take the appropriate action."
In the same article where he was featured opening the new National University of Singapore Centre for Life Sciences, it was reported that "several cancers, the ones more common in Singapore and the region, will be put under the microscope". This is in line with the concept of niche areas that I have been advocating.
Letter from Associate Professor Lee Wei Ling
Director, National Neuroscience Institute
THE official stance by the Government is that there is nothing wrong with its biomedical research strategy. It justifies that it is on the right track by the fact that the biomedical sector now makes up a quarter of Singapore's Gross Domestic Product generated by manufacturing.
Output by Singapore's drug factories jumped by over a third last year, pushing overall biomedical production up by 30.2 per cent. This robust growth puts biomedical output at a record $23 billion, almost four times the production in 2000. More than 90 per cent comes from pharmaceuticals, with the rest from the medical technology sector.
To attribute the investment by biomedical companies in Singapore to our multibillion dollar research drive is inaccurate. Numerous news agencies and newspapers have reported the reasons why these biomedical companies decided to set up in Singapore. The generous help from the Singapore Government, the strict enforcement of intellectual-property (IP) laws, proximity to new major markets in Asia, Singapore's efficiency, educated workforce and English-speaking environment are the incentives for investing in Singapore.
Singapore's own huge biomedical research initiative is not an important consideration, except in the few cases where the pharmaceutical companies have joint research ventures with the Agency for Science, Technology and Research (A*Star) or the Biopolis. This is not surprising. Research groups doing similar research are all competing with each other to make breakthroughs — only then do they get the IP rights. So, how would having competing groups in Singapore be an incentive for biomedical companies to come and set up shop here?
Mr Philip Yeo described me as "a voice in the wilderness", noting that I have not been in the Biopolis. But I have received more fanmail than I can remember from Singapore doctors and researchers, thanking me for pointing out the obvious mistake in the way the biomedical drive has been carried out.
I would challenge that, having never practised as a doctor, Mr Yeo is strategising about biomedical research directions in an ivory tower. He has been very successful in selling Singapore in the past, but biomedical research is a different ball game. The fact that he dismisses the importance of Hepatitis B and head injury shows how out of touch he is with reality.
Yes, Singapore is immunising its children against Hepatitis B, but immunisation does not help someone who is already a carrier for the Hepatitis B virus. What is more significant is that 5 per cent of all ethnic Chinese are Hepatitis B carriers.
Head injury is the major cause of disability in children and economically-productive adults. The cost to the patients' families and to society equals, if not exceeds, that of cancer. Head injury is not particular to Singapore, but it is an area where not many research centres have chosen to concentrate on. At the National Neuroscience Institute, we have a good research track record and will continue to pursue this area of research.
Lieutenant-General (NS) Lim Chuan Poh said "you have to give it time to show success. Some of these things cannot be done in a matter of three or five years; we are going to stay the course".
If A*Star believes this, why did it sign an agreement with Johns Hopkins that had a five year timeline?
In fact, Professor William Brody from The Johns Hopkins University alluded to this when he was asked about biomedical research in Singapore. Prof Brody also pointed out the fact "that research is not linear, or predictable — it's unpredictable".
Can Singapore afford to continue to pour in huge sums of money for 10 or 20 years in the hope of eventually yielding results, yet knowing that there is no certainty of success?
Lt-Gen Lim goes on to ask: "Why must it be that Singaporeans cannot be world-beaters?" My answer to that is: Singaporeans can be world-beaters — if Singapore has the appropriate research strategy and concentrates effort and resources on the areas where we have a competitive advantage. The Singapore Olympic Council seems to understand this simple concept which escapes the highly intellectual officials determining the direction of Singapore's research strategy.
A*Star dismissed any suggestion that the Government might be rethinking its strategy to develop the biomedical research sector. However, Dr Tony Tan seems more open-minded about this issue. Dr Tan, who is the Research, Innovation and Enterprise Council's deputy chairman, said he was sure the biomedical science executive committee will consider all input: "If there is any change in direction or emphasis necessary, I'm confident they will take the appropriate action."
In the same article where he was featured opening the new National University of Singapore Centre for Life Sciences, it was reported that "several cancers, the ones more common in Singapore and the region, will be put under the microscope". This is in line with the concept of niche areas that I have been advocating.
Tuesday, January 30, 2007
Official?
Is it official or not? I'm tempted to say it is, but until the air tickets are actually in my hand, nothing's really confirmed yet. And unexpected things are showing up everyday still, argh!
Anyways, I figure that I should give everyone a heads up, so we can have some fun together if it materializes. Well here it is: I'm (probably) going to LA for a 3 week job attachment! The timing will be 25th Feb to 20 Mar or thereabouts, and I'll be working in Burbank, though I'm gonna have to figure out cheap housing in the neighbourhood somehow.
If you're gonna be in the neighbourhood just holler out! I'm probably not gonna have much other opportunities to be in town in the near future, though I'd like to enjoy the ski season someday haha. Here's an great song by the Red Hot Chili Peppers although I have absolutely no idea what it means:
Gettin' born in the state of Mississippi
Poppa was a copper and'a momma was a hippie
In Alabama she was swinging hammer
Price you gotta pay when you break the panorama
She never knew that there was anything more than poor
What in the world does your company take me for?
Black bandana, sweet Louisiana
Robbin'on a bank in the state of Indiana
She's a runner, rebel and a stunner
On her merry way saying baby what you gonna
Lookin' down the barrel of a hot metal .45
Just another way to survive
Chorus:
California rest in peace
Simultaneous release
California show your teeth
She's my priestess, I'm your priest
Yeah, yeah
She's a lover, baby and a fighter
Should've seen her coming when it got a little brighter
With a name like Dani California
Day was gonna come when I was gonna mourn ya
A little loaded she was stealing another breath
I love my baby to death
Chorus:
California rest in peace
Simultaneous release
California show your teeth
She's my priestess, I'm your priest
Yeah, yeah
Who knew the other side of you
Who knew what others died to prove
Too true to say goodbye to you
Too true, too sad sad sad
Push the fader, gifted animator
One for the now and eleven for the later
Never made it, Up to Minnessota
North Dakota man was a gunnin' for the quota
Down in the badlands she was saving the best for last
it only hurts when I laugh
Gone too fast
Chorus:
California rest in peace
Simultaneous release
California show your teeth
She's my priestess, I'm your priest
Yeah, yeah
California rest in peace
Simultaneous release
California show your teeth
She's my priestess, I'm your priest
Yeah, yeah
Okay, I can't resist it. I don't like repeating posts but what the heck. Perhaps this is more apt:
We've be on the run
Driving in the sun
Looking out for number one
California, here we come
Right back where we started from
Well, hustlers grab your guns
The shadow weighs a ton
Driving down the 101
California, here we come
Right back where we started from
California
Here we come!
On the stereo
Listen as we go
Nothing's gonna stop me now
California, here we come
Right back where we started from
Peddle to the floor
Thinking of you more
Gotta get us to the show
California, here we come
Right back where we started from
California
Here we come!
Anyways, I figure that I should give everyone a heads up, so we can have some fun together if it materializes. Well here it is: I'm (probably) going to LA for a 3 week job attachment! The timing will be 25th Feb to 20 Mar or thereabouts, and I'll be working in Burbank, though I'm gonna have to figure out cheap housing in the neighbourhood somehow.
If you're gonna be in the neighbourhood just holler out! I'm probably not gonna have much other opportunities to be in town in the near future, though I'd like to enjoy the ski season someday haha. Here's an great song by the Red Hot Chili Peppers although I have absolutely no idea what it means:
Gettin' born in the state of Mississippi
Poppa was a copper and'a momma was a hippie
In Alabama she was swinging hammer
Price you gotta pay when you break the panorama
She never knew that there was anything more than poor
What in the world does your company take me for?
Black bandana, sweet Louisiana
Robbin'on a bank in the state of Indiana
She's a runner, rebel and a stunner
On her merry way saying baby what you gonna
Lookin' down the barrel of a hot metal .45
Just another way to survive
Chorus:
California rest in peace
Simultaneous release
California show your teeth
She's my priestess, I'm your priest
Yeah, yeah
She's a lover, baby and a fighter
Should've seen her coming when it got a little brighter
With a name like Dani California
Day was gonna come when I was gonna mourn ya
A little loaded she was stealing another breath
I love my baby to death
Chorus:
California rest in peace
Simultaneous release
California show your teeth
She's my priestess, I'm your priest
Yeah, yeah
Who knew the other side of you
Who knew what others died to prove
Too true to say goodbye to you
Too true, too sad sad sad
Push the fader, gifted animator
One for the now and eleven for the later
Never made it, Up to Minnessota
North Dakota man was a gunnin' for the quota
Down in the badlands she was saving the best for last
it only hurts when I laugh
Gone too fast
Chorus:
California rest in peace
Simultaneous release
California show your teeth
She's my priestess, I'm your priest
Yeah, yeah
California rest in peace
Simultaneous release
California show your teeth
She's my priestess, I'm your priest
Yeah, yeah
Okay, I can't resist it. I don't like repeating posts but what the heck. Perhaps this is more apt:
We've be on the run
Driving in the sun
Looking out for number one
California, here we come
Right back where we started from
Well, hustlers grab your guns
The shadow weighs a ton
Driving down the 101
California, here we come
Right back where we started from
California
Here we come!
On the stereo
Listen as we go
Nothing's gonna stop me now
California, here we come
Right back where we started from
Peddle to the floor
Thinking of you more
Gotta get us to the show
California, here we come
Right back where we started from
California
Here we come!
Thursday, January 25, 2007
Investment advice
If you want to succeed in investment, perhaps the last thing you should do is to learn economics in college:
"According to one former Harvard official, its endowment fund has done so well because it has avoided taking advice from the economics faculty."
-The Economist, 20 Jan 07
"According to one former Harvard official, its endowment fund has done so well because it has avoided taking advice from the economics faculty."
-The Economist, 20 Jan 07
Friday, January 19, 2007
design
So it turns out that I'm gonna have to do some design work now, since somebody at the office is leaving. I haven't done design in years, and I totally know nuts about BS 8110 or CP 65 so I'm so screwed!
I used to be quite good at design but thats a very long long time ago and it was the ACI/AISC code which is not only not applicable here but in the wrong units. If I had taken a different path I'd have been a PE now and earning lots of money. Unfortunately I have no PE and probably will never get one and I so am not earning lots of money.....
I find it funny sometimes how every country seems to have their own building code. At least commonwealth countries in general try to follow something universal like the British Standard. Unfortunately, most countries (we know who) still try to tweak it and come up with their own version (code of practice) to confuse the world and to ensure that they will have superiority doing design in their own code in their own country. If you have a PE based on design experience in a code of practice particular to one tiny little country I don't think your skills are very marketable globally. So much for the state of engineering.....
The next big thing (if it hasn't already come) in engineering is not operations research, as a lot of people think, but computational mechanics. Already in Western Europe and the United States engineers are doing the impossible with computational mechanics, replacing physical testing and all. Operations research is perhaps best left to business types rather than engineers, like what was done at Dell. Unfortunately some people are still using paper charts for design that are more than 20 years old. By the time the technological revolution hits these people they are more likely to be replaced than to step up to the challenge!
I used to be quite good at design but thats a very long long time ago and it was the ACI/AISC code which is not only not applicable here but in the wrong units. If I had taken a different path I'd have been a PE now and earning lots of money. Unfortunately I have no PE and probably will never get one and I so am not earning lots of money.....
I find it funny sometimes how every country seems to have their own building code. At least commonwealth countries in general try to follow something universal like the British Standard. Unfortunately, most countries (we know who) still try to tweak it and come up with their own version (code of practice) to confuse the world and to ensure that they will have superiority doing design in their own code in their own country. If you have a PE based on design experience in a code of practice particular to one tiny little country I don't think your skills are very marketable globally. So much for the state of engineering.....
The next big thing (if it hasn't already come) in engineering is not operations research, as a lot of people think, but computational mechanics. Already in Western Europe and the United States engineers are doing the impossible with computational mechanics, replacing physical testing and all. Operations research is perhaps best left to business types rather than engineers, like what was done at Dell. Unfortunately some people are still using paper charts for design that are more than 20 years old. By the time the technological revolution hits these people they are more likely to be replaced than to step up to the challenge!
Tuesday, January 16, 2007
Peter's Principles
Never invest in any idea you can't draw with a crayon.
You can't see the future through a rearview mirror.
There's no point paying Yo-Yo Ma to play a radio.
As long as you are picking a fund, you might as well pick a good one.
The extravagance of any corporate office is directly proportional to management's reluctance to reward the shareholders.
When yields on long-term government bonds exceed the dividend yield of the S&P500 by 6 percent or more, sell your stocks and buy bonds.
The best stock to buy may be the one you already own.
A sure cure for taking a stock for granted is a big drop in the price.
Never bet on a comeback while they're playing "Taps."
If you like the store, chances are you'll love the stock.
In business, competition is never as healthy as total domination.
All else being equal, invest in the company with the fewest color photographs in the annual report.
When even the analysts are bored, it's time to start buying.
Corporations, like people, change their names for one of two reasons: either they've gotten married, or they've been involved in some fiasco that they hope the public will forget.
Whatever the queen is selling, buy it.
You can't see the future through a rearview mirror.
There's no point paying Yo-Yo Ma to play a radio.
As long as you are picking a fund, you might as well pick a good one.
The extravagance of any corporate office is directly proportional to management's reluctance to reward the shareholders.
When yields on long-term government bonds exceed the dividend yield of the S&P500 by 6 percent or more, sell your stocks and buy bonds.
The best stock to buy may be the one you already own.
A sure cure for taking a stock for granted is a big drop in the price.
Never bet on a comeback while they're playing "Taps."
If you like the store, chances are you'll love the stock.
In business, competition is never as healthy as total domination.
All else being equal, invest in the company with the fewest color photographs in the annual report.
When even the analysts are bored, it's time to start buying.
Corporations, like people, change their names for one of two reasons: either they've gotten married, or they've been involved in some fiasco that they hope the public will forget.
Whatever the queen is selling, buy it.
Sunday, January 14, 2007
The move
The last 3 days were spent shifting office, which was an absolute nightmare! Finally Sunday is the only day of the week I can rest at home. I think I might even have caught a cold after all that moving in the incessant rain..... The next few days will probably be spent unpacking and setting up the new place, though the boss says we will start working on monday (yeah right!).
What's good about the new place is that there's great food all around, hawker centers, fast food, coffee shops, bakeries, etc. So much better than the crap we eat everyday in Tower A! Also a big supermarket, photocopy shops, hair salons etc. Did you know that the coffee shop downstairs has one of the cheapest beers in town? 5 bucks for a bottle of tiger. Normally getting a bottle would be between $5.60 and $6. There's also a direct bus to my house which means saving lots of $$ on transportation :P !
What's not hot about the new set up? Well we'll be far away from all the admin staff so it will be a serious pain trying to get any admin support. Plus my desk has a direct line-of-sight to my boss given the new low partitions (ouch!) but perhaps we can take care of that by placing some furniture in the way ;)
What's good about the new place is that there's great food all around, hawker centers, fast food, coffee shops, bakeries, etc. So much better than the crap we eat everyday in Tower A! Also a big supermarket, photocopy shops, hair salons etc. Did you know that the coffee shop downstairs has one of the cheapest beers in town? 5 bucks for a bottle of tiger. Normally getting a bottle would be between $5.60 and $6. There's also a direct bus to my house which means saving lots of $$ on transportation :P !
What's not hot about the new set up? Well we'll be far away from all the admin staff so it will be a serious pain trying to get any admin support. Plus my desk has a direct line-of-sight to my boss given the new low partitions (ouch!) but perhaps we can take care of that by placing some furniture in the way ;)
Sunday, January 07, 2007
Backwards
I skated 2 full sessions today. Which basically means that I've been skating the whole day!
Anyhow, I learned 2 new tricks: Skating backwards WHILE looking backwards, and skating backwards in a circle. Cool right?
Basically observing other people and lots of trial and error, and lots of falling (ouch!).....
Anyhow, I learned 2 new tricks: Skating backwards WHILE looking backwards, and skating backwards in a circle. Cool right?
Basically observing other people and lots of trial and error, and lots of falling (ouch!).....
Tuesday, January 02, 2007
Stock Trading
Happy New Year everyone! I bought myself a new book to digest over the Christmas and New Year holidays. Unfortunately, I haven't got down to flipping the front page until the very last day, which is today. Here is an interesting excerpt:
There has been much controversy among market experts as to the differences between trading and investing. Investors have been characterized as stable, serious, financially well-off types who are focused on implementing the capitalist ideal by using their money to make money over the long term. By long term, I mean a period of more than six months. Indeed, in today's changing economic environment, the definition of long term is very different than it was prior to the late 1980s. In those days inverstors held stocks for a number of years in order to achieve slow and steady gains. There was nothing wrong with that strategy and there is still nothing wrong with it, if you have time and considerable patience.
For those who are less willing to wait from two to seven years for results, there are many short-term opportunities in today's markets. The short-term end of the market does not necessarily mean "day-trading" (i.e., trading within the time frame of the day and not keeping stocks overnight). These opportunities were created by increased stock market volatility that began in the 1990s. By "volatility", I mean relatively large price movements in stocks during the course of the trading day....
... From 2000 through early 2004, stocks became less volatile and with the decrease in volatility, day trading opportunities diminished. On the other hand, short-term trading opportunities continued to be plentiful. By short term I mean from two to about ten day's duration. As brokerage house commissions for online trading continued to decline, the cost of trading decreased, thereby making short-term as well as day trading more viable... While I believe that day-trading can be profitable, it is an arduous venture that is both time-consuming, labor-intensive, and often not worth the time or trouble unless you are totally dedicated and willing to trade a large number of shares each time.
There has been much controversy among market experts as to the differences between trading and investing. Investors have been characterized as stable, serious, financially well-off types who are focused on implementing the capitalist ideal by using their money to make money over the long term. By long term, I mean a period of more than six months. Indeed, in today's changing economic environment, the definition of long term is very different than it was prior to the late 1980s. In those days inverstors held stocks for a number of years in order to achieve slow and steady gains. There was nothing wrong with that strategy and there is still nothing wrong with it, if you have time and considerable patience.
For those who are less willing to wait from two to seven years for results, there are many short-term opportunities in today's markets. The short-term end of the market does not necessarily mean "day-trading" (i.e., trading within the time frame of the day and not keeping stocks overnight). These opportunities were created by increased stock market volatility that began in the 1990s. By "volatility", I mean relatively large price movements in stocks during the course of the trading day....
... From 2000 through early 2004, stocks became less volatile and with the decrease in volatility, day trading opportunities diminished. On the other hand, short-term trading opportunities continued to be plentiful. By short term I mean from two to about ten day's duration. As brokerage house commissions for online trading continued to decline, the cost of trading decreased, thereby making short-term as well as day trading more viable... While I believe that day-trading can be profitable, it is an arduous venture that is both time-consuming, labor-intensive, and often not worth the time or trouble unless you are totally dedicated and willing to trade a large number of shares each time.
Tuesday, December 26, 2006
Resolutions for 2007
Okay, it's only December 26th (going on 27th) but since everyone is making their new year resolutions, I figure it's time for mine too before I totally forget about it. A new year, a new beginning, a better tomorrow....
In 2007 I resolve to:
1. Beat the STI Index
2. Run (at least) twice a week and skate once a week
3. Join a club/regular activity
4. Lose 5kg (I probably put on 5kg this Christmas/new year heheh)
5. Present a paper at an international conference
6. Pick up a new hobby
7. Travel somewhere I've never been before
8. Improve my golf (that's probably the toughest one)
9. Blog at least once a week
10. Win some money at poker!!!
In 2007 I resolve to:
1. Beat the STI Index
2. Run (at least) twice a week and skate once a week
3. Join a club/regular activity
4. Lose 5kg (I probably put on 5kg this Christmas/new year heheh)
5. Present a paper at an international conference
6. Pick up a new hobby
7. Travel somewhere I've never been before
8. Improve my golf (that's probably the toughest one)
9. Blog at least once a week
10. Win some money at poker!!!
Monday, December 25, 2006
Happiness and economics
If you are looking for a good read this Christmas, check out the article "Happiness and economics" on page 33 of this weeks Economist double-issue. Basically its a rather Freakonomics-like breakdown of what drives people in today's economy and the endless chase of happiness.
Perhaps it will provide some insight and soul searching for the past year and give some guidance for the year(s) ahead. We all want to be happy don't we? =)
I was tempted to paste the entire article here but I guess I will be sued for copyright infringement, so here's an excerpt:
To clamber up the pecking order, some people slave away nights and weekends at the office. They gain in rank at the expense of their free time. But in making that sacrifice they also hurt anyone else who shares their aspirations: they too must give up their weekends to keep up. Mr Frank reckons that many people would like to work less, if only others slackened off also. But such bargains cannot be struck unilaterally. On the contrary, people compete in costly “arms races”, knowing that if they do not work harder, they will lose their standing to someone who does.
These races are motivated by more than just prestige. As Fred Hirsch argued in his 1977 book, “The Social Limits to Growth”, many good things in life are “positional”. You can enjoy them only if others don't. Sometimes, a quick car, fine suit or attractive house is not enough. One must have the fastest car, finest suit or priciest house.
Think of the scramble for schools, Mr Frank says. Only 10% of kids can go to the top 10% of schools. In many countries, wherever the schools are good, the houses will be expensive. Thus parents who want the best education for their child must overwork to afford a house in a good school district. In doing so, however, they raise the bar for everyone else.
Is mutual disarmament possible? Not without government help, Mr Frank and Lord Layard argue. The exchequer should tax earned income heavily enough to deter one-upmanship, they say.
Despite appearances, this is not a naked example of punitive redistribution—the fiscal politics of envy. Mr Frank and Lord Layard do not want to level the social order. Their aim is much more conservative than that. Their taxes would leave the pecking order intact and envy undiminished. But people would be deterred from acting on the green-eyed monster. The problem these economists want to tackle is not inequality per se. It is that people don't know their place and scramble vainly to improve it. Carlyle, who thought man should content himself with being the worthy follower of worthy superiors, would no doubt have approved.
I especially like the part about progressive tax. Given the huge influx of super wealthy into Singapore to "escape" higher taxes in their home countries, no wonder people are complaining about a new "elite" class here that are totally out of touch with the rest of society.
Perhaps it will provide some insight and soul searching for the past year and give some guidance for the year(s) ahead. We all want to be happy don't we? =)
I was tempted to paste the entire article here but I guess I will be sued for copyright infringement, so here's an excerpt:
To clamber up the pecking order, some people slave away nights and weekends at the office. They gain in rank at the expense of their free time. But in making that sacrifice they also hurt anyone else who shares their aspirations: they too must give up their weekends to keep up. Mr Frank reckons that many people would like to work less, if only others slackened off also. But such bargains cannot be struck unilaterally. On the contrary, people compete in costly “arms races”, knowing that if they do not work harder, they will lose their standing to someone who does.
These races are motivated by more than just prestige. As Fred Hirsch argued in his 1977 book, “The Social Limits to Growth”, many good things in life are “positional”. You can enjoy them only if others don't. Sometimes, a quick car, fine suit or attractive house is not enough. One must have the fastest car, finest suit or priciest house.
Think of the scramble for schools, Mr Frank says. Only 10% of kids can go to the top 10% of schools. In many countries, wherever the schools are good, the houses will be expensive. Thus parents who want the best education for their child must overwork to afford a house in a good school district. In doing so, however, they raise the bar for everyone else.
Is mutual disarmament possible? Not without government help, Mr Frank and Lord Layard argue. The exchequer should tax earned income heavily enough to deter one-upmanship, they say.
Despite appearances, this is not a naked example of punitive redistribution—the fiscal politics of envy. Mr Frank and Lord Layard do not want to level the social order. Their aim is much more conservative than that. Their taxes would leave the pecking order intact and envy undiminished. But people would be deterred from acting on the green-eyed monster. The problem these economists want to tackle is not inequality per se. It is that people don't know their place and scramble vainly to improve it. Carlyle, who thought man should content himself with being the worthy follower of worthy superiors, would no doubt have approved.
I especially like the part about progressive tax. Given the huge influx of super wealthy into Singapore to "escape" higher taxes in their home countries, no wonder people are complaining about a new "elite" class here that are totally out of touch with the rest of society.
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