Dec 29, 2009

DAMNATION of MALAYSIA!

(Pic from Antares)
Transparency International has labelled the Bakun Dam Project a "MONUMENT OF CORRUPTION" and highlighted debate over whether there will be enough customers in 2011 when it becomes fully operational with a 2,400MW capacity.

All the valuable timber has already been removed from its catchment area, and the dam will begin filling up next month, taking eight months to submerge all 70,000ha.an area the size of Singapore.

Dec 28, 2009

Update on Antares


Antares on the recovery and looking good!

Got news from our medical sources at about 4 pm today and was informed that Antares is recovering well.

For those medically inclined;
Was informed that he had "metabolic acidosis from kidney involvement of Malaria (Plasmodium Falciparum)". He was put on the ventilator and is currently being weaned off it, but still requires to have dialysis.

But in general the information is that he is recovering slow and steady and that is good news to me.

For more stories go to zorro.

Antares - Get Well Soon!


More HERE

Dec 27, 2009

Happy Birthday Zorro!


(Old Pic of zorro 40 years ago)

The Legendary Zorro in his adventure to protect the future of Malaysia and its people where he fights against evil-doers of tyranny officials and the corrupt villains with his legendary 70 year old sabre.

With Balls of Fire he stares down the eyes of these demonic beings, his stares  thrusting right through their cursed souls and with a twist of his hand cuts down the dark lords and their evil aids.

Today is zorro's Birthday and we would like to wish him a Merrily Birthday. The Legend continues...

Dec 22, 2009

Engine Trouble in Malaysia


2 Units of Stolen Jet Engines?? Stolen since May last year when Najib was Defence Minister. Cover Up?
More equipments could be missing? Doing an Audit now?

Armed forces chief Gen Tan Sri Azizan Ariffin said the stolen jet engine might just be the "tip of the iceberg", as initial investigations showed that other equipment might have gone missing from as far back as 2007.
Actually Mr General Sir, we Malaysians will not be surprised if  more items are stolen or missing? While you are auditing can you also check the stocks of C4s?

The stolen engine is the powerplant for one of the four F-5E Tiger II fighters and two RF-5E Tigereye reconnaissance jets still in active duty at the air force's 12th Squadron (Scorpion) at the Butterworth air base.

An "international company" based in Latin America bought the 50 million ringgit (USD 14 million) engine "because the price was cheap " Bernama quoted the defence minister Ahmad Zahid Hamidi as saying.

The engine, used for single-seat fighter and reconnaissance jets, is believed to have eventually ended up with a final purchaser in the Middle East.

Dec 21, 2009

Pakatan Rakyat Convention - Must Watch Speeches

Shamsul Iskandar from PKR Youth. -Most Entertaining Speech-




Hanna Yeoh of DAP. -Righteousness Exalts a Nation-



Tony Pua on the Economy (Part I)



Tony Pua on the Economy (Part II)



Karpal Singh. -Most Powerful Speech- (Part I)



Karpal Singh (Part II)



Karpal Singh - (Part III)In English-



Salahuddin Ayub -Corrupt to the Core-



Salahuddin Ayub (Part II)-I am Salahuddin-

Different Types of Bumiputra...

This is a beauty from Sakmongkol AK47 on the different types of "Bumiputra" and he has highlighted the two differing types and on those who claim to be "Bumiputra" who are, if you ask me the "Celup" Bumiputra who got the better of the so called real Bumiputra or as Sakmongkol puts it, "The Pariah Bumiputra".

And so what is a Bumiputra?

Dec 20, 2009

Pakatan Rakyat Convention - Anwar's Closing Speech


PART ONE


PART TWO


PART III

New Merdeka for Malaysia



Datuk Zaid Ibrahim took the floor at the Pakatan Rakyat’s First Convention and fired up the party faithful by declaring the pact ready to kick the corrupt Barisan Nasional (BN) out and ready to form the  new government..

“The rakyat are tired of racial politics, they are tired of being fooled..I assure you, after this, we will hold our next convention in Putrajaya,” he said, sparking thunderous applause from the crowd who attended today’s convention.

"Today we take One Decisive, Deliberate and Historic Step to Free our country from the corrupt government of BN, in the past we had gain our freedom and independence from the British empire and today we shall have our Merdeka from the misrule of UMNO."

Dec 18, 2009

First Pakatan Rakyat Convention



Barisan Rakyat Bloggers Invited


Got a message that says Salahuddin Ayub has extended an open invitation to the Barisan Rakyat Bloggers to the First Pakatan Rakyat Convention.


Details are as follows:

19 DISEMBER 2009 DI AUDITORIUM MBSA, SHAH ALAM, SELANGOR

8:00 pagi : Pendaftaran bagi wakil media di Tingkat 4, Auditorium MBSA.

9:00 pagi : Pembukaan

9:15 pagi: Ucapan Perdana Ketiga Pimpinan Tertinggi dan Perasmian Bersama Konvensyen - Saudara Anwar Ibrahim (Ketua Umum KeADILan), Saudara Lim Guan Eng (Setiausaha Agung DAP) & Saudara Hj Abdul Hadi Awang (Presiden PAS).

10:15 pagi : Rehat

10:45 pagi : Pidato Dasar Pakatan Rakyat (dipengerusikan YAB Khalid Ibrahim) - Saudara Salahuddin Ayub (Naib Presiden PAS), Saudara Tony Pua (Setiausaha Publisiti Kebangsaan DAP), Saudara Sivarasa Rasiah (Naib Presiden PKR) dan Perbahasan oleh 2 perwakilan setiap parti.

12:45 tgh : Makan tengahari di Laman MBSA.

1:45 tgh : Sambungan perbahasan oleh 3 perwakilan setiap parti (dipengerusikan Saudara Teng Chang Khim).

3:30 ptg : Majlis Penutup (dipengerusikan Saudara Wan Abdul Rahim Wan Abdullah).

Rumusan oleh 3 Pimpinan : Saudara Karpal Singh (Pengerusi Kebangsaan DAP), Saudara Nik Abdul Aziz Nik Mat (Murshidul Am PAS), Saudara Anwar Ibrahim (Ketua Umum KeADILan).

5:00 ptg : Majlis bersurai. Sidang media di Tingkat 3

Bilik media terletak di tingkat 4, berhampiran tempat pendaftaran. Bilik media dikhususkan untuk wakil media dan blogger yang memakai tag media sahaja. Untuk memudahkan urusan pemfailan bahan berita/posting, saudara/saudari digalakkan membawa sambungan internet.

Sekian, terima kasih.

Dec 16, 2009

China the next Dubai 1000 times or worse


Malaysian politicians (mostly Barisan National) are always narrow and short sighted and likes to engross in bad propaganda belittling the people's mental intellect and that is what they enjoyed doing most. They think that we are fools and they goes about with their falsehood in pretense of what is ethical, fair and just. There are greater things to do but they goes around like clowns talking about ethics when they themselves are the most unethical.

We will leave this ethical story for now and to return another time as my present concern are as written here below.

Can Malaysia sustain another economic crisis and do they have a contingency plan in the event of it happening, China has become a major market for Malaysian goods and produce, and if anything were to happen to China it will definitely hamper growth and generate an economic crisis of the proportion that equates to a catastrophe.

James Chanos, the American billionaire and founder of Kynikos Associates, an investment company in the USA is renown for his intensive strategy in seeking out overvaluation in stocks and fundamental market failures. He is the "guru" of short selling and rose to fame for his research into the overvaluation of Enron Corporation that highlighted the failures of this mega corporation through accounting fraud that resulted in the "Enron Scandal" that saw the closure of Arthur Andersen, the leading accounting firm of its time.

James short sold Enron shares that saw the stock price collapse from over US$90 to US$1 in just over a few months. James is the opposite of Warren Buffet in terms of strategic approach where Warren look for fundamental underlying value and long term investments, James search for fundamental flaws and short selling.

And James have this to say in a recent exclusive with a special edition of the Halftime Report of Fast Money from CNBC:

China: Powering the Global Economy, or the Next Bubble to Burst?

In a recent report, Chanos' firm has been very pessimistic about China, and his firm has even gone as far as to speculate that China could be "Dubai times 1000, or worse."

Chanos points out a stark irony that investors who decry government involvement in US companies are bullish on the Chinese markets, despite the fact that the country's government (China) can "fine tune" the economy to their liking. He is also skeptical of the country's GDP numbers, calling them "massively inflated by under-depreciating a very, very, very shaky capital asset base."

He points out that "bubbles are best identified by credit excesses, not valuations... there is no bigger credit excess right now than China." But how do you play this?

Chanos says that although you can't short China, the short plays are in the first derivative industries: companies which support the raw and imported materials for growth (such as copper, cement and iron ore producers). He also suggests looking into short possibilities in the Hong Kong exchange.

Chanos himself is actively shorting this area, and is "looking for plays on the China investment pool, which we think will burst at some point... Demand in China is over-inflated, that is clear."

Guy Adami, an author, financial analyst and a professional investor and a member of CNBC's Fast Money agrees that the visibility in the Chinese markets is a serious issue, speculating that they could be simply hording commodities instead of using them.


Read Earlier Article on "The Chinese Bubble"

Dec 11, 2009

RPK - Winner of the Civil Society Award 2009


CONGRATULATIONS!  
Raja Petra Kamarudin was today announced the winner of the Civil Society Award 2009 in a ceremony held at the Kuala Lumpur and Selangor Chinese Assembly Hall.

He has been presented the award for playing the most important role in defending freedom of political participation and opening a greater space for social freedom and democracy in Malaysia.

Azmi Sharom accepted the award on his behalf and a prize money of RM 5,000.00.

Well Done RPK, another step closer to reclaiming back our Malaysia!

Read more about the Civil Society Award HERE.

Dec 8, 2009

New Age of Frivolism in Malaysia



This is so hot and the favorite "F" word and i just have to join the fun....

The New Age of Frivolism
Frivoling the formidable factum is a faculty of the fractured fraternity of the feeble when the frivoller attempts to frivol away the fascination with the foremost fad of fantastic facts.

The far flung features of fending the fervent fanatics of facts by feigning fatigue will only feed the fastidious feral fellows, fermenting and fetch forth the faithful followers of freedom forged.

The favorite son comes forth, the faultless of fame in a faraway land of freedom where he formulates and forward faithfully without fear or favor in fidelity to his fertile fatherland where he fondly and affectionately fawn and fuss to fix and fight the farcical fascism that faze over his fatherland.

First and foremost in this new age of Frivolism that is festoon with fast fashion of fanciful facilitation, the fraudulent will fade and the faithful followers of true faith of fellowship will finish first-in.

Read the Frivoling of Teoh Beng Hock's death by the outgoing MACC Chief HERE
Read Antares "Frivolous" story HERE
Read zorro "Frivolous" take HERE and HERE

Mahathir - The Bloody Racist!


Datuk Seri Nazri Aziz has called Tun Dr Mahathir Mohamad a “bloody racist” for defending the Biro Tata Negara (BTN) courses, and reasserted the Cabinet’s earlier decision to overhaul the programme.

Nazri pointed out to reporters in Parliament today that patriotism was not meant only for the Malays but for all Malaysians.

“You must be a Malaysian whether you’re a minister or not. You must walk your talk. Don’t just because when you were PM, you wanted everyone to support you, you’re Malaysian and the moment you’re no longer PM, that’s it, only talk about the Malays so I cannot accept his comment. When you read his blog it is bloody Racist.

Read More HERE

Dec 6, 2009

Story of a Secular Muslim


I am by no means an expert on the topic of Islam or Muslims. However, by accident of birth, being Muslim was thrust upon me.

My chances going in were not too bad — about a quarter of the world’s population is Muslim. I live with the title and try to make sense of the daily newsworthy events that keep my people in the news.

It was not until the fourth grade that I even knew I was Muslim. I was in grade school in Karachi, Pakistan, checking out a library book — an illustrated Bible — when my friend pointed out to me that I had picked the “wrong” book.

He appeared to be a little upset by my choice, as did some of the other kids. Any deviations from the norm, I concluded, would raise unnecessary alarm. My friend, since then, has become a militant atheist, but that is a story for another time.

I continued along a peaceful yet godless path until 8th grade when another friend confronted me with a deep philosophical question: Was I a Sunni or a Shiite?

Being Muslim, it appeared was not really as simple as I had thought — I would need to make some difficult choices. My friend gave me a well rehearsed summary of the pros of cons of each group (heavily biased in favor of being Shiite, of course, because he was one) and provided me with the choice.

At last, I could exercise my free will! I decided to be Shiite until my grandmother stepped in after a week and in a matter-of-fact manner said that I was a Sunni, not a Shiite, and these things “cannot be changed.”

Many more years of peaceful indifference toward religious matters passed and I ended up a freshman at New York University. It was then that the conflicts associated with being Muslim came to light.

My suite-mate hypothesized, a week into living together, that the college must have been trying to do an experiment on me by making me live with a Jew, a Hindu and a Catholic. Muslims, it appeared, had a lot of enemies and, for the first time, being one appeared to have more to do with the conflicts rather than any particular philosophical doctrine.

The few Islamic Center meetings I attended at college would invariably extend into speeches about the Palestinian conflict, the Kashmir conflict, the Chechnya conflict, the Bosnian conflict. Somewhat dispassionate about such issues, I chose to define myself as an undefined creature with no real place in society — the secular Muslim.

Since 9/11 the nature of the dialogue has changed quite a bit. I experienced the strong backlash against Muslims. Medical school interviews in the weeks after 9/11 were uncomfortable and borderline racist. Even my closest friends appear to place me on the wrong side of a line of “danger.” Everyone is more aware of the fact that I have a Muslim name. The more cultured among them show a genuine curiosity about “our kind.” Others mask their fear with jokes and frustrated questions along the lines of: “Why every time a bomb goes off, a Muslim person is behind it?” Yet others try to be unnaturally polite, likely suppressing undesirable emotions.

But with this increased awareness of the Muslim, there is a lack of appreciation of the nuances within our group. The reality is that many Muslims are secular. We do not pray five times a day, do not read the Koran and have not spent much time inside a mosque. We only turn to Islam when a child is born, someone gets married or someone dies.

We certainly have no interest in participating in civilizational battles. We are, in fact, loathed by the religious minority. And yet we have no clear voice, no representation and no one in the Western world appears to be aware of our existence. Every time a terrorist attack occurs, we suffer the most.

We are trying to succeed in life, trying to be effective doctors, lawyers, business people, artists and other kinds of professionals, and it hurts us, not the jihadists, when society keeps us at more and more of a safe distance “just in case.”

To defeat the threat of radical Islam, I suggest that the answer lies among the people who are the least Muslim.

It is only the secular forces within Islam that can subdue the screams of radicalism. We are united by a lack of indoctrination, a belief in personal freedom and a similar accident of birth and we must unite to properly forge a positive and progressive future for Muslims worldwide.


"The Price of Being Born Muslim"
By TARIQ AHMAD
Published: December 4, 2009
The Herald Tribune

Tariq Ahmad is a doctor at Brigham and Women’s Hospital in Boston.

An Investment Opportunity in Alternate Energy


I was alerted about the initial IPO of Longyuan Electric Power Group sometime in early November by my Bankers, Longyuan is a company in China and the recent Initial Public Offering (IPO) in Hong Kong raised about USD 3 billion by selling 2.15 billion shares at HK$8.16 per share.

Longyuan is in the business of providing energy through windpower and solar energy and has the biggest concession in China for windpower. Windpower is the the present solution to fossil fuel and is known as "Clean Energy" or "Renewable Energy", As fossil fuel can only diminish and a source of poison to the environment that contributes to Global Warming which have become more and more a threat to planet Earth.

There are not too many such companies in this part of the world that generates clean energy. This is a longterm investment opportunity and the possibility of multiplying your investment over a certain time frame as the world's reserve in oil production can only get less and less.

Dec 5, 2009

New Puppet at MACC?


The Deputy Chief Commissioner of the Malaysian Anti Corruption Commission, Datuk Abu Kassim Mohamed has been promoted the "New Boss" in place of the "early retirement" of Datuk Seri Ahmad Said Hamdan.

So for the new boss it is only proper to first express his thanks and gratitude to the government for his promotion, he said "I thank the government for the trust they have in me." and he added "The most important thing right now is the support from the public. The MACC cannot perform at its fullest capacity without the public's support."

So the government appoints him and he is grateful for whoever (in the government) that gave him the top post. And now can he start investigating the government for graft as there have been so many reports on abuses and corruption by top government officials and politicians from the ruling elite. Will he investigate his bosses now that they have appointed him?

What public support does he need? The public will always be supportive, if he is true to the duty and performance of the job and are seriously fighting and defending the nation against the evils of corruption.

If Malaysia is serious about fighting corruption than they should emulate their immediate neighbors Singapore and now Indonesia and others who had been successful in the fighting graft.

Just look at the Indonesian's Corruption Eradication Commission known as the "KPK" which is a fully independent body free from the influence of politics and has wide ranging powers in the fight against corruption and up till today, its achievements includes senior politicians of the higher house of People's Representative Council (DPR), the chief of police, provincial governors, city mayors, a central bank governor and even the son in law of the President.

The Fight against Corruption always starts at the top and can be seen  in the initial years of the  famed Hong Kong's  ICAC (Independent Commission Against Corruption) and other independent commission.

Malaysia's fight against corruption is seen as superficial and made worst by garnering the perception that it is now a political tool against the innocent and the opposition. The MACC has achieved world fame through the Teoh Beng Hock fiasco! And not forgetting the infamous joke of investigating  the Malaysian Against Cows and Cars incidents.

Corruption is Evil!


Dec 4, 2009

DO YOU KNOW WHO I AM?


EVERYONE HAS SEEN THE "DO YOU KNOW WHO I AM"
ASSHOLEs everywhere: airports, restaurants, traffic lights......

An award should go to the Virgin Airlines desk attendant in
Sydney some months ago for being smart and funny, while making her point,
when confronted with a passenger who probably deserved to fly as cargo.

A crowded Virgin flight was cancelled after a Virgin's 767s had been withdrawn
from service. A single attendant was rebooking a long line of inconvenienced travellers.

Suddenly an angry passenger pushed his way to the desk. He slapped his
ticket down on the counter and said, "I HAVE to be on this flight and it HAS to
be FIRST CLASS ".

The attendant replied, "I'm sorry, sir. I'll be happy to try to help
you, but I've got to help these people first, and I'm sure we'll be able
to work something out."

The passenger was unimpressed. He asked loudly, so that the
passengers behind him could hear, "DO YOU HAVE ANY IDEA WHO I AM?"

Without hesitating, the attendant smiled and grabbed her public address
microphone: "May I have your attention please, may I have your attention
please," she began - her voice heard clearly throughout the terminal.

"We have a passenger here at Desk 14 WHO DOES NOT KNOW
WHO HE IS. If anyone can help him find his identity, please come to Desk
14."

With the folks behind him in line laughing hysterically, the man
glared at the Virgin attendant, gritted his teeth and said, 'F@@$… You!'
Without flinching, she smiled and said, (I love this bit)
"I'm sorry, sir, but you'll have to get in line for that too"


Note: Got this story through email from a friend.

Dec 1, 2009

Malaysia's Economy Trailing Badly


It is a rarity to see a Malaysian Minister who speaks out against it's own government's policies and this he did, Second Finance Minister, Ahmad Husni Hanadzlah (Pic) speaking at an economic outlook conference organized by the MIER (Malaysia Institute of Economic Research) today at Kuala Lumpur.  Bravo! to the Second Finance Minister for telling the "True State of the Economy"



This topic of Malaysia losing out in the economic race has been written about several times in this blog. The Malaysian government is at a loss towards the management of the economy and as highlighted in earlier writings "Budget and Corruption" is that Corruption have to be first eradicated and the Anti Corruption Commission must be made fully independent in order to fight graft, so that the real benefits of any economic plan be able to reach the common man on the ground otherwise as it is today Billions of Ringgit are siphoned off through corrupt practices of government officers and politicians.



As at todate the government has failed to effectively manage the economy and is falling way behind and losing billions of Ringgit to graft. From a mathematical viewpoint the level of graft is to be deducted from any flimsy economic growth and the true or nett effect will be a NEGATIVE growth.

Read on the AFP report of the Second Finance Minister as below:

Malaysia's economy has been stagnating for the past decade and is now trailing badly behind its neighbours, a senior minister said Tuesday, calling for "urgent" and wide-ranging reforms.

Malaysia's economy has been stagnating for the past decade and is now trailing badly behind its neighbours, a senior minister said Tuesday, calling for "urgent" and wide-ranging reforms.

Malaysia's export-dependent economy has been hit hard by the global recession, contracting by a forecast 3.0 percent this year and jeopardising its ambitions of becoming a developed nation by 2020.

"Malaysia is trapped in a low-value-added, low-wage and low-productivity structure," Second Finance Minister Ahmad Husni Hanadzlah told an economic outlook conference.

Among its peers China, India, Vietnam, Indonesia, Philippines and Thailand, Malaysia's economic growth over the past three years was second-lowest, he said.

"Our economy has been stagnating in the last decade. We have lost our competitive edge to remain as the leader of the pack in many sectors of the economy. Our private investment has been steadily in decline."

"While Singapore and Korea's nominal per capita GDP grew within the last three decades by 9 and 12 times respectively, ours grew only by a factor of four."

In a withering assessment, Ahmad Husni said the services sector is underdeveloped, private investment is half the levels before the 1997-98 Asian crisis, and the manufacturing sector is suffering from lack of investment.

"The (need for) transformation is particularly urgent when we take the external environment into account," he said.

"The global environment is changing. We can no longer rely on our traditional trading partners and we need to address the competitive pressure from other emerging markets on our existing exports."

He called for sweeping measures including an emphasis on meritocracy and ensuring all Malaysians are given "equal opportunity to participate in the economy".

Malaysia has for decades practiced a system of positive discrimination for Muslim Malays who dominate the population, but critics say the policy is fuelling corruption and is hurting the nation's competitiveness.

"We must also consider the gradual dismantling of our open-ended protection of specific sectors and industries which have introduced a climate of complacency and artificial levels of supply," the minister said.

"The long-term success of the nation's economy must take precedence over the short term interests of a few protected groups."

Prime Minister Najib Razak -- who is also finance minister -- came to power in April with plans to tackle graft which is endemic in the ruling party and society at large. (As Reported by AFP)

(Plans to tackle graft? What Plan? MACC (Anti Corruption Commission) is today viewed as a political tool of UMNO and like its predecessor the "ACA" had never prosecuted any "Big Fish" and politicians till todate gets away with billions of ringgit stolen from the people!)

Read earlier Post "Malaysia - Snail of Asean" HERE

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