| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Return to Penang Travel Tips
|
Sorry Guys. You have to be contented with this new blog. I accidentally deleted my last one. It is a long story. Do visit this site as often as you like and please post comments if you can. We like to know what you think
Sunday, September 02, 2012
Friday, August 24, 2012
SUBJECT: The World's Richest Country
THE WORLDS RICHEST COUNTRY By Shibani Mahtani
_ A man is silhouetted against the skyline of Louis
Vuittons floating store and the financial district of Singapore.
Yet another wealth report has put tiny Singapore on the top of its
charts this time, as the wealthiest nation in the world by GDP per
capita, beating out Norway, the U.S, Hong Kong and Switzerland. The
report [1], released by Knight Frank and Citi Private Wealth,
estimates that Singapores GDP per capita at US$56,532 in 2010,
measured by purchasing power parity is the highest in the world,
topping Norway (US$51, 226), the US (US$45, 511) and Hong Kong (US$45,
301). The report also predicts that Singapore will hold its place as
the worlds most affluent country in 2050 (by GDP per capita), followed
closely by Hong Kong, Taiwan and South Korea who will displace Norway
and Switzerland as the worlds richest places. This figure is no
doubt bolstered by the staggering number of millionaires in the
city-state, which Knight Frank and Citi Private Wealth predict will
only keep growing. According to their estimates, Singapore will see a
67% increase in centa-millionaires over the next four years an
über-wealthy class with over US$100 million in disposable wealth
Earlier reports, like the Boston Consulting Groups Wealth Report [2]
released in June, said Singapore has the highest percentage of
millionaire households in the world, a title the city-state has held
on to for two years running. Singapore is not the lone beneficiary
of Southeast Asias wealth explosion, and according to the report the
number of people in the entire region with more than US$100 million in
disposable assets (excluding property, for example) has increased by
80% in the past five years. Between 2010 and 2011, the number of these
centa-millionaires grew 13% higher than the global average at 6% and
will grow by 44% by 2016. Correspondingly, some Southeast Asian cities
have seen property prices increase significantly in the past year,
including the Indonesian island of Bali where property prices
increased 15% and Jakarta, where they increased by 14.3%. There are
now 18, 000 people with US$100 million or more in disposable assets in
Southeast Asia, China and Japan, according to Knight Franks estimates
more than North America, which has 17, 000, and Western Europe with
14, 000. Still, these ultra-high net worth individuals are not
completely confident that their large masses of wealth will be
completely unaffected by turbulence in the world economy and changing
political situations, according to surveys conducted by Knight Frank.
In Singapore, the wealthy are most afraid of the impact of the
global financial crisis on their wealth, but those in Hong Kong are
more worried about the devaluation of currency and those in India are
most worried about domestic inflation. With its high density of
Louis Vuitton boutiques, luxury nightclubs and multi-million dollar
property, Singapore is also growing in importance as a city for the
worlds high net worth individuals. Surveys asking über-wealthy
individuals to rank cities in terms of economic activity, political
power, quality of life, knowledge and influence found that Singapore
was the fifth most important city for the worlds wealthiest
individuals. Here, the city-state was beaten by London, New York, Hong
Kong and Paris, indicating that the worlds most global cities continue
to lure the rich. According to Knight Frank, even respondents in
Asia-Pacific put London and New York ahead of Hong Kong and Singapore
an indication that economic growth may not be the most important
factor when a high-net worth individual chooses his city of residence.
In the next 10 years, according to the report, Shanghai will be the
fourth-most important city for the worlds wealthy with the relative
anonymity of secondary cities like Chongqing and Dalian likely to
change in the near future, evidenced by an explosion of a luxury goods
market in cities that are not yet on the map of the worlds wealthy.
The Knight Frank and Citi wealth report notes that many of those
fast-growing Chinese cities performed significantly less well for
freedom of expression and human rights something that may hinder any
future ascent to the top of the overall ranking. SINGAPORE
TOPPED THE CHARTS Singapore topped the charts for highest GDP
per capita in 2010 at close to SGD $70,000 (USD $56,532), according to
a study. In the Wealth Report 2012 published by Knight Frank
and Citi Private Bank, Singapore is also expected to continue to be
the global leader in 2050. GDP per capita refers to the total output
of a country divided by the population. Trailing closely
behind Singapore is Norway at about SGD $63,000 (USD $51,226), then
the U.S. at about SGD $56,200 (USD $45,511), followed by Hong Kong at
almost SGD $56,000 (USD $45,301). The report also forecasts
that Singapores GDP per capita will more than double to about SGD
$170,000 (USD $137,710). Hong Kong is expected to take over Norways
position as number two in 2050, followed by Taiwan and South Korea two
countries that failed to make the list in 2010. The U.S. is expected
to drop from third place in 2010 to the fifth in 2050.
Gráinne Gilmore, head of UK residential research at Knight Frank LLP
who is also the author of the economic and wealth trends article said,
"Other countries may have bigger GDP growth 2010 2050, but in most
cases, they are starting from a much lower base on economic terms.
Singapore is a developed economy, and is expected to achieve a rate of
growth which enables it to remain one of the wealthiest countries in
the world." "Some of the factors contributing to Singapores
forecast performance are its human capital a skilled and educated
labour force (which is likely to lead to better long-term prospects
for a countrys economic growth), the dynamic business environment
(with legislation to match), openness to trade, capital mobility and
foreign direct investment. Also, it is worth noting that there is a
global eastwards shift in economic activity Singapore is perfectly
positioned to take advantage of this," Gilmore added.
SINGAPORE IS NOW THE RICHEST COUNTRY IN THE WORLD . WHERE IS
MALAYSIA NOW ?????_ "Some of the factors contributing to
Singapores forecast performance are its human capital A SKILLED AND
EDUCATED LABOUR FORCE (WHICH IS LIKELY TO LEAD TO BETTER LONG-TERM
PROSPECTS FOR A COUNTRYS ECONOMIC GROWTH), THE DYNAMIC BUSINESS
ENVIRONMENT (WITH LEGISLATION TO MATCH), OPENNESS TO TRADE, CAPITAL
MOBILITY AND FOREIGN DIRECT INVESTMENT. Also, it is worth noting that
there is a global eastwards shift in economic activity Singapore is
perfectly positioned to take advantage of this," Gilmore added.
We need not look further Hong Kong, Taiwan and Korea are employing the
same Singaporean strategies on Human Capital where the brightest and
the brilliant are attracted from all over the world, universities
rankings are among the top World 20 and they are projected to reach
the TOP 4 RICHEST COUNTRIES IN THE WORLD IN 2050. Surely something
must be really right, as these countries do not have Natural
Resources.
Links:
------
[1] http://www.thewealthreport.net/The-Wealth-Report-2012.pdf
[2]
http://blogs.wsj.com/searealtime/2012/06/01/singapore-no-1-for-millionaires-again/
|
|
|
|
|
|
|
|
Wednesday, May 02, 2012
Monday, February 13, 2012
Any excuse will serve a tyrant
Once upon a time a Wolf was lapping at a spring on a hillside, when, looking up, what should he see but a Lamb just beginning to drink a little lower down. "There's my supper," thought he, "if only I can find some excuse to seize it." Then he called out to the Lamb, "How dare you muddle the water from which I am drinking?"
"Nay, master, nay," said Lambikin; "if the water be muddy up there, I cannot be the cause of it, for it runs down from you to me."
"Well, then," said the Wolf, "why did you call me bad names this time last year?"
"That cannot be," said the Lamb; "I am only six months old."
"I don't care," snarled the Wolf; "if it was not you it was your father;" and with that he rushed upon the poor little Lamb and .WARRA WARRA WARRA WARRA WARRA .ate her all up. But before she died she gasped out ."Any excuse will serve a tyrant."
|
Sunday, September 25, 2011
Watch this and ......
Have you ever wondered why we worry about the weather, the floods, the volcanic eruptions, the Climate and yet the most catastrophic event that will tear us apart is what you are about to view. The question to many millions is what are we going to eat tonight, let alone tomorrow.
Why have we ever got to this situation? Is it GREED?
Click on the URL to watch the events that will unfold in front of your very eyes.
Friday, August 26, 2011
Sunday, August 14, 2011
Tuesday, June 28, 2011
Carbon Emission
Half the truth on emissions
Illustration: Judy Green.
Cherry-picking the evidence to suit a pseudo-scientific argument misses the alarming reality.
A YIDDISH proverb states ''a half truth is a whole lie''. By withholding vital information, it's possible to lead you towards the opposite conclusion to the one you would get from considering the full picture. In Bob Carter's opinion piece on this page yesterday, this technique of cherry-picking half-truths is on full display, with frequent examples of statements that distort climate science.
The partial truths are further bolstered by scientific statements that have almost no basis in fact. It is not surprising that people present such fallacies, since the blogosphere is full of climate pseudo-science, but it is surprising that newspapers are still reporting such statements. Opinion is one thing, but scientific fact is another. Every major science body in the world has effectively refuted the assertions made by Carter.
So what is the full picture? To understand what's happening to the global climate, we need to look at temperature change over the entire planet. Two scientific teams - NASA Goddard Institute for Space Studies and the European Centre for Medium Range Weather Forecast - have constructed temperature records spanning the whole globe. Both find consistent results, using independent methods, with the two hottest years on record being 2010 and 2005. Both find the Arctic is warming faster than the rest of the planet, with melting sea ice acting as a positive feedback that amplifies the warming.
More importantly, temperature trends are not established by drawing lines between individual warm and cool years. It's the long-term trend that counts and the most recent decade was the warmest on record. Long-term warming trends are agreed upon by all international meteorological agencies.
But there's a bigger picture still. The temperature record tells us what's happening to surface temperature. But signs of warming are being observed all over the climate system. Over the past decade, ice loss from the huge ice sheets in Greenland and Antarctica has been steadily accelerating. Currently, Greenland is losing 300 billion tonnes of ice a year. Over the same period, Arctic sea ice has been thinning and melting, glaciers have been shrinking at an accelerating rate and seasons are shifting due to warming temperatures. All these facts, including their uncertainties, are not considered in isolation by scientists; it's the overall picture that matters.
What's driving this warming? There is no mystery or guesswork about the cause of recent global warming - it can be directly measured. Satellites observe less radiation escaping to space at those exact wavelengths that carbon dioxide absorbs radiation. Less heat escaping to space means more heat returning to Earth and this is confirmed by surface measurements. An increased greenhouse effect should also cause a cooling of the upper atmosphere, and this is confirmed by satellites and weather balloons. From these observations, scientists concluded ''this experimental data should effectively end the argument by sceptics that no experimental evidence exists for the connection between greenhouse gas increases in the atmosphere and global warming''.
Enter Bob Carter and his deliberate brand of climate cherry-picking and false, but plausible, assertions. He has long hung his hat on the proposition the climate has been cooling since 1998. But with 2005 and 2010 being the hottest years on record, he resorts to cherry-picking which dataset to use. Rather than use temperature records that cover the entire globe, he opts for datasets that do not include the Arctic region, where warming is the strongest. These temperature records underestimate recent warming and are the darling of those who wish to deny global warming is happening.
The half-truths become more tenuous as Carter's piece progresses. He argues that carbon dioxide is beneficial as it acts as a valuable plant fertiliser. Studies show mixed results for carbon dioxide fertilisation for different species and different climate regimes. But this line of argument fails to recognise that plants also need water and the right temperature range to flourish. Over the past 40 years as temperatures have risen, drought severity has also increased. This is exerting significant pressure on agriculture as water supplies become strained.
Labelling Carter's final ''scientific fact'' as a half-truth is giving it too much credence. According to Carter, it's a fact that "extra carbon dioxide helps to shrink the Sahara Desert, green the planet and feed the world. Ergo, carbon dioxide is neither a pollutant nor dangerous, but an environmental benefit."
These are ludicrous statements that fly in the face of 20 years of scientific research. Rapidly increasing carbon dioxide will most likely lead to a rapidly changing climate, and decades of research has not painted such a rosy picture of the environmental and socio-economic impacts. Dismissing all of that science on the basis that carbon dioxide is plant food is like dismissing that effluent can ever be a pollutant since blood and bone gets put on garden beds.
It is not really possible to assess Carter's other assertions on the economy since, unlike climate, the economy is not constrained by fundamental physical laws of the universe. Nevertheless, it is interesting that a self-professed sceptic is able to present, as fact, that reducing carbon emissions will result in the closing down of the Australian economy. This is despite the fact that numerous economic analyses find the benefits of climate action outweigh the costs several times over.
It is also interesting that self-professed sceptics, who believe that there is simply no way of determining to what degree carbon dioxide concentrations will affect climate, can precisely estimate the effect of Australia's emissions on global-mean temperature. Everyone understands that global efforts are required to reduce carbon pollution. Australia, as one of the highest carbon emitters per capita, is in an ideal position to positively influence global negotiations. Those who argue that Australia is an insignificant player underestimate our role on the global stage and our potential to be a leader in reducing carbon pollution.
Bob Carter exhorts us to "pay attention to the facts and keep an open mind". Ironically, he has closed his mind to any evidence that conflicts with his preconceived views and suspends critical thought when presenting his own doomsday scenarios. Carter's article shows how cherry-picked information can mislead and distort the science - embodying the proverb, "a half-truth is a whole lie".
John Cook runs the website skepticalscience.com and is co-author of Climate Change Denial: Heads in the Sand, with environmental scientist Haydn Washington.
Read more: http://www.smh.com.au/opinion/society-and-culture/half-the-truth-on-emissions-20110627-1gne1.html#ixzz1QWlWRtro
Monday, February 14, 2011
Damian Dielenberg's Story
Sunday, February 06, 2011
Anyone out there?
NASA suspects: 'The life is out there'
Feb 03, 2011 4:13pm
NASA says it has found more than 1200 possible new planets, putting the chances of finding alien life on a "much firmer footing".
NASA scientists revealed that its Kepler telescope has found more than 50 Earth-like planets orbiting sun-like stars, more than doubling the known number of planets that appear to have conditions to maintain life.
In only four months of searching one small corner of the Milky Way, Kepler found more than 1200 planets in total and at least 200 multi-planet star systems similar to ours.
NASA scientists said they needed time to confirm that the planets are, in fact, planets and not some other object, like a double star.
Given Kepler's success rate, which is over 80 per cent, they believe the vast majority of the objects will be declared planets once they are able to measure their masses using ground-based telescopes.
One area of particular interest to the NASA scientists is a group of six planets circling a sun-like star named Kepler 11.
That solar system contains at least five planets that NASA wants to look closely at for their possible Earth-like characteristics.
Scientists believe there may also be a sixth Earth-like planet lolling around Kepler 11 at a distance further from the sun than the other six.
The scientists noted that further research is needed to determine if any of the Earth-like planets might be the "Holy Grail" they are seeking, a planet similar to Earth in size and mass and that has the necessary elements to support life.
In addition to determining whether the Earth-like finds are planets, the scientists will have to assess their composition.
They need to determine whether they are rocky and not comprised mainly of gas.
They also need to assess surface temperatures because, one of the scientists noted, their Earth-sized finds are mainly orbiting suns that appear smaller and cooler than Earth's sun.
NASA noted the Kepler telescope is on a three-and-a-half year mission to search for Earth-sized planets, therefore this report after only four months worth of data collection means it is possible Kepler will find many more Earth-like planets.
Wednesday, February 02, 2011
Tuesday, December 07, 2010
To choose or not to choose--Barry Jones
■ If we take action on climate change and disaster is averted, there will be massive avoidance of human suffering.
■ If we take action and the climate change problem abate that's the questions for other reasons, little is lost and we benefit from a cleaner environment.
■ If we fail to act and disaster results, then massive suffering will have been aggravated by stupidity.
■ If we do not take action and there is no disaster, the outcome will be due to luck alone, like an idiot winning the lottery.
Failure to act appears to favour the present but it certainly prejudices the future. As the French diplomat Talleyrand acutely observed 200 years ago, ''Not to choose is to choose''.
Friday, November 26, 2010
Thursday, November 18, 2010
Florence Dielenberg -in memory of
The beautifully decorated casket that contains the remains of Florence on display at the catholic church at Pulau Tikus, Penang
May the Good God bless her soul and reward her with all the gifts she has always believed in throughout her life that was devoted to her family, especially the young ones, who grew up under her tender care.
Monday, November 15, 2010
Friday, November 12, 2010
Friday, October 08, 2010
Sunday, January 17, 2010
How to justify an early retirement?
And they ask---Why I Like Retirement...
Question: How many days in a week?
Answer: 7 (6 Saturdays, 1 Sunday)
Question:
When is a retiree's bedtime?
Answer: Three hours after he falls asleep on the couch.
Question: How many retirees to change a light bulb?
Answer: Only one, but it might take all day.
Question: What's the biggest gripe of retirees?
Answer: There is not enough time to get everything done.
Question: Why don't retirees mind being called Seniors?
Answer: The term comes with a 10% percent discount.
Question: Among retirees what is considered formal attire?
Answer: Tied shoes.
Question: Why do retirees count pennies?
Answer: They are the only ones who have the time.
Question: What is the common term for someone who continues to work and
refuses to retire?
Answer: NUTS!
Question: Why are retirees so slow to clean out the basement, attic or garage?
Answer: They know that as soon as they do, one of their adult kids will want
to store stuff there.
Question: What do retirees call a long lunch?
Answer: Normal
Question: What is the best way to describe retirement?
Answer: The never ending Coffee Break or a permanent vacation.
Question: What's the biggest advantage of going back to school as a
retiree?
Answer : If you miss classes, no one can call your parents.
Question: Why does a retiree often say he doesn't miss work, but misses
the people he used to work with ?
Answer: He is too polite to tell the whole truth.
Question: What do you do all week?
Answer: Monday to Friday; Nothing, Saturday & Sunday I rest.
(This is not my piece of work I just thought it is kind of funny)



Early walk along Gurney Drive