What says you, if i decorate my new home with this obvious obsessive pinkish concept ?? LMAO ** !!
Cheerss !!!!!!!!
The MOLE !! has given u away BoBo .....
While
By Michael Backman
The Age
November 15, 2006
It's a tough world out there and there can be little sympathy for a country that prefers to argue about how to divide wealth rather than get on with the job of creating it. The long-held aim is for 30 per cent of corporate equity to be in Malay hands, but the figure that the Government uses to justify handing over huge swathes of public companies to Malays but not to other races is absurd. It bases its figure on equity valued, not at market value, but at par value.
Many shares have a par value of say $1 but a market value of $12. And so the Government figure (18.9 per cent is the most recent figure) is a gross underestimate. Last month a paper by a researcher at a local think-tank came up with a figure of 45 per cent based on actual stock prices. All hell broke loose. The paper was withdrawn and the researcher resigned in protest. Part of the problem is that he is Chinese.
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This all happens in the context of
As if to make this point, a recent episode of The Simpsons features a newsreader trying to announce that a tidal wave had hit some place called
Petronas, the national oil company is well run, particularly when compared to the disaster that passes for a national oil company in neighbouring
Malaysians are very proud of these towers. Goodness knows why. They had little to do with them. The money for them came out of the ground and the engineering was contracted out to South Korean companies. They don't even run the shopping centre that's beneath them. That's handled by
Next year, a Malaysian astronaut will go into space aboard a Russian rocket — the first Malay in space. And the cost? $RM95 million ($A34.3 million), to be footed by Malaysian taxpayers. The Science and Technology Minister has said that a moon landing in 2020 is the next target, aboard a
Bank bale outs, a formula one racing track, an entire new capital city — Petronas has paid for them all. It's been an orgy of nonsense that
It is time to move on, time to prepare the economy for life after oil. But, like Nero fiddling while Rome burned, the Malaysian Government is more interested in stunts like sending a Malaysian into space when Malaysia's inadequate schools could have done with the cash, and arguing about wealth distribution using transparently ridiculous statistics.
That's not
www.michaelbackman.com
ends
Well .. what else I can say anymore .. Malaysians really need to open up their eyes .. to read and to see whats really happening around them .. Nuff said !!
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