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Topics - MariaSharpie

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1
The surging price of bitcoin (among others) in 2017 led more than a few companies to hop on the cryptocurrency bandwagon with hopes of striking it rich almost overnight. Many of their initial coin offerings seemed dodgy from the outset... and it turns out they were. Bitcoin.com has conducted a study of ICOs tracked by Tokendata, and a whopping 46 percent of the 902 crowdsale-based virtual currencies have already failed. Of these, 142 never got enough funding; another 276 have either slowly faded away or were out and out scams.

More at https://www.prolificskins.com/forum/current-affairs/nearly-half-of-2017-s-cryptocurrencies-have-already-failed

2
KUALA LUMPUR: Nine soldiers were arrested today on suspicion of gang raping a 17-year-old Johor girl in December last year.

The suspects – all 23-year-olds – are Class 2 Artillery Course 3/2017 series students of the 33rd Royal Artillery Regiment (RAD) in Kluang, Johor.

The arrests were made by the Malaysian Armed Forces’ Special Investigation Branch following the receipt of information from the police.

Johor police chief Datuk Mohd Khalil Kader Mohd said the men were detained after the alleged victim lodged a report at the Kluang District Police Headquarters (IPD) on Wednesday.

"In her report, the (alleged) victim said she befriended one of the suspects, who later introduced her to eight of his friends at a hotel in Kluang on Dec 23.

“She claimed she was raped on the same day she met the suspects.

“She decided to lodge the police report after that," he said when contacted.

Mohd Khalil said Armed Forces investigation officers have handed over information on the suspects to the Kluang police, who are leading the investigation.

More at https://sg.yahoo.com/news/nine-soldiers-arrested-suspicion-gang-115107116.html
 

3
Will the Law Minister of Singapore explain in plain English why a Canadian defendant, if convicted of burglary would be spared the cane, while the same corporal punishment would be meted out against its own citizens?

I am referring to the Singapore Government’s assurance to the UK authorities on the extradition of David James Roach to Singapore, that if Roach were to be found guilty by a Singapore Court for robbery, he would not be caned. Roach was originally deported from Bangkok. Enroute to Canada, he landed in London in transit. Upon the request of the Singapore authorities, Roach was arrested in London pending extradition proceedings.

The UK government has a duty to ensure that its citizens and any defendant extradited from its shores would not be exposed to “inhumane and degrading treatment” if convicted. Caning as a form of judicial punishment is regarded as an inhumane and degrading practice. Caning was outlawed in the UK in 1948 as a form of judicial punishment.

By undertaking not to apply this form of judicial punishment to Roach in the event of conviction, the Singapore Government has effectively acknowledged that while the State could lawfully apply inhumane and degrading punishment to its own citizens, it would be in breach of international conventions if the same treatment is meted out to citizens of the United Kingdom.


More at https://www.prolificskins.com/forum/current-affairs/are-sub-standard-laws-applicable-only-for-singaporeans

4
Chit Chat Corner / I Tried Living On Only $10.40 A Day
« on: February 23, 2018, 03:07:44 pm »
Imagine living on only $10.40 a day – that’s the reality for approximately 500,000 people in Singapore. According to The Department of Statistics, the amount needed for basic living expenses is estimated at $1,250 per month, per household. In 2011, 10 to 12% of households fall under this level.

I decided to try for myself if living on $10.40 a day would be manageable, and decided to limit my expenses for a week.

Before I embarked on this journey, I looked through my camera roll, Instagram feed and monthly reviews from Wally, the personal finance app I’ve been using for a reality check of my current expenditure.

It turns out that in 2017, I had spent a total of $4,125.95, with 54% spent on food and drinks. Scrolling through the list, I noticed that a good deal of my money had been exchanged for truffle fries and other food items from various cafés.

On hindsight, it seems ridiculous to spend $25 to $30 on a casual meal when there are so many affordable and tasty options around.

More at https://www.yp.sg/i-tried-living-on-only-10-40-a-day/

5
SINGAPORE — Shipping firm APL and the captain of the  container ship carrying the Republic’s armoured troop carriers that were  detained in Hong Kong in November 2016 have claimed trial to charges that they had imported strategic commodities to the Chinese territory  without the necessary licence, the Apple Daily reported on Thursday (Feb  22).

The company and the captain, Pan Xuejun, pleaded not guilty in a Hong Kong court on Thursday. The trial will be held in Mandarin on October 11, and is expected to last about 15 days, the report added, citing the defence lawyers.
 
Hong Kong’s Customs and Excise Department began prosecution proceedings against APL and Pan, 39, a Chinese national, in March last  year, saying it had “sufficient evidence to prove a case in breach of the strategic trade control system” after a “thorough investigation”.

More at https://www.prolificskins.com/forum/current-affairs/terrex-case-apl-container-ship-captain-claim-trial-in-hk

6
When we receive ang paus as kids, our parents will usually take them away from us, right? This is because, back then we’re too young to comprehend its value or use it, hence our folks would often keep it safe in the bank for our future usage.

Either way, we’ve never really questioned who the rightful owner of the money should be, even though we don’t get to use that money at all. However, a girl from China recently sued her parents for taking her ang pau money over the years.

According to Business Insider, the girl called Juan had sued her parents under the offence of misappropriating her ang paus after they stopped paying for her university tuition fees. Well, that’s an extremely gutsy move!

According to Juan, her parents had embezzled about 58,000 yuan (approx. RM35,760) from the red envelopes that were given to her over the years. The best part is, the court eventually ruled in her favour and ordered her parents to pay her 1,500 yuan (approx. RM924) a month. Who knew this could possibly happen?

More at http://www.worldofbuzz.com/girl-sues-parents-taking-ang-paus-kid-refuse-pay-uni-fees/

7
Dear Prime Minister.

Your budget makes no sense at all. I am not like one of these many lemmings on here that praise it and don’t know what its about. Can you care to explain the following:

1) If you have a budget surplus of almost $10 billion from last year, why are u still raising the GST?

2) Isn’t giving u $300 on one hand (bribing one with one’s own money) and taking it away on the other hand with a GST increase, rather meaningless?

3) Why are we spending billions $ on infrastructure like rail and roads when we have a zero population growth and almost negative birthrate? Who are we building these infrastructure for? To accommodate your target of 6.9 million population? So, we are spending Singaporean taxpayer money on infrastructure for foreigners?

4) Why is our defence budget 40% larger then our healthcare budget, more then $4 billion more. To buy weapons and equipment to fight who? Name our enemy, Mr. Prime Minister. With an aging population, healthcare should far surpass the defence budget, not the other way round

More at https://www.prolificskins.com/forum/current-affairs/open-letter-to-pm-lee-your-budget-makes-no-sense-at-all

8
SINGAPORE: Singapore's headline inflation  rate fell to 0 per cent in January this year from 0.4 per cent December,  according to the Monetary Authority of Singapore (MAS) and Ministry of Trade and Industry (MTI) on Friday (Feb 23).

The Consumer Price Index (CPI)'s year-on-year drop to 0 per cent in January was largely due to lower accommodation and private road transport inflation, said MAS and MTI.

The cost of accommodation fell by 5.3 per cent in January, compared to the 3.8 per cent decline registered in the preceding month, as Service and Conservancy Charges (S&CC) rebates were disbursed to HDB households in January 2018, but not in the same month last year.

Private road transport inflation moderated to 1.6 per cent in January from 2.6 per cent in the previous month, due to lower car prices and a decline in Certificate of Entitlement (COE)  premiums.

More at https://www.prolificskins.com/forum/current-affairs/singapore-inflation-falls-to-0-in-january

9
DETROIT (CBSDFW.COM/AP) — Ford has ousted one of its top executives over allegations of unspecified inappropriate behavior.

The company says in a statement that North America President Raj Nair is leaving the company immediately.

Ford says the move comes after an internal investigation into reports of inappropriate behavior.

A company statement quoted Nair as regretting that he has not exhibited leadership behavior consistent with company principles.

Nair said, “I sincerely regret that there have been instances where I have not exhibited leadership behaviors consistent with the principles that the Co. and I have always espoused. I continue to have the utmost faith in the people of Ford & wish them continued success in the future.”

Ford didn’t say what behavior led to Nair’s departure. Ford investigated after a recent anonymous complaint about Nair was made to the company’s 24-hour hotline.

More at http://dfw.cbslocal.com/2018/02/21/ford-executive-inappropriate-behavior/

10


Toys  “R” Us, the beleaguered chain under pressure from Amazon and bigger toy sellers, may close dozens of more stores as it struggles to find a path out of bankruptcy and return to financial viability.

The  toy retailer has not recovered from a dismal holiday selling season, making the company’s difficult situation even worse. Now, it is under pressure to demonstrate to its lenders that it has a realistic strategy for flourishing in the ultracompetitive toy industry.

One plan under discussion includes shutting down close to 200 stores, and possibly more, according to people briefed on the matter, who were not authorized to speak publicly.

More at https://www.prolificskins.com/forum/current-affairs/toys-r-us-seeking-stability-may-close-200-more-stores

11
Malaysian rapper Namewee has been arrested by the local police amid controversy over his dog-theme video that was released for the Chinese New Year holiday.

A post on Namewee’s Facebook page said that the rapper will continue to cooperate with the police in their investigations. Written in Mandarin, Malay and English, the post said, “Thanks for your continuous support. Let’s pray and hope that Namewee will be released tomorrow.”

The post did not mention the date of Namewee’s arrest or details of the police investigations.

A number of netizens have criticised Namewee over the video entitled “Like A Dog”, saying that it was denigrating Islam. The rapper defended himself, however, saying the video did not touch on religious or racial sensitivities.

In the video posted on YouTube, Namewee and other individuals, who wore dog masks, were seen dancing at a public space in Putrajaya. The rapper also sang about how dogs are supposed to bark in different countries including Malaysia.

More at https://sg.yahoo.com/style/malaysian-rapper-namewee-arrested-posting-controversial-video-114341534.html

13
If ever there was a budget laden with cheap gimmicks and full of wayang, this one is it.

Finance Minister Heng Swee Keat announced an ‘ang pow’ of up to $300 for every individual. The giveaway amounts to $700 million. This is against a collection of a surplus of $9.6 billion the previous year.
In other words, the government is giving back to taxpayers 7 cents for every excess dollar it collected in taxes and fees. For the government, this is a wonderful scheme.

The government had forecast that it would collect only a surplus of $1.9 billion but ended up collecting $9.6 billion instead – more than five times the originally estimated amount.

Such an absurdly discrepant amount reflects poorly on the Minister’s judgment, planning and execution of the country’s fiscal system. The hantam buta strategy of tax collection has resulted in the [email protected] wildly over-collecting from citizens.

To prevent an outcry of why it collected so much more revenue than it needed, the government tries to placate and distract Singaporeans by announcing the ang pow gimmick.

More at https://www.prolificskins.com/forum/current-affairs/budget-2018-a-budget-of-wayang-and-cheap-gimmicks

14
Bill Gates sat down with talk show host Ellen DeGeneres for the first time this week.

Gates is the founder of Microsoft and cofounder of the Bill & Melinda Gates Foundation, and is the world's second-richest person with an estimated fortune of $91.8 billion, according to Bloomberg's index.

Gates officially became a billionaire when he was 31 — the youngest billionaire in history, at the time. But the boost to his bank account didn't send him on a spending spree, Gates said during his interview with DeGeneres.

"I don't have that many things that are extravagant taste, so it didn't change too much," Gates said, adding that his primary concern at the time was being able to pay his employees, many of whom had families to care for.

"So you didn't say 'Oh I'm going to buy a Porsche?'" DeGeneres pressed.

"I did — that I did," Gates said. "That was an indulgence, and then eventually for my travel I got a plane, which is a huge indulgence, so those are my two."

"So you have a Porsche and a plane and that's it?" she asked.

"In terms of crazy things, yes," he said. Gates has previously referred to his private jet as a "guilty pleasure" and "big splurge." It has been widely reported that he owns a Bombardier BD-700 Global Express with seating for up to 19 people — and a $40 million price tag.

More at https://sg.yahoo.com/finance/news/bill-gates-reveals-two-apos-224222533.html

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