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Corruption

Economy 101: Bailout of RM10.3 Billion: Where is Your Dignity Now?

bailout

Whenever the Government announces huge bailouts, 2 things are certain on everyone’s mind:-

ONE: It does not matter if it is cash, guarantee or promises on paper, one way or another, at the end of the day, taxpayers will be forced to bear the cost of the bailout. Taxpayers money that could have been used more productively for development of the country now goes down the drain.

TWO: Not all of the board of directors, management and senior officers who mismanaged the company will be arrested, stripped naked of their assets and sent to jail for years. At the most, some of them may be asked to tender their resignation without any punishment and some of them will be transferred to another GLC. And since there is no severe punishment given, the incompetence and mismanagement continues.

Image source: The Edge (Billions lost in Felda, hundreds of millions of asset value vanished in Tabung Haji)

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Dr M: Democracy in Malaysia is Dead

democracy

More interesting things especially on democracy and Malaysia are taking place on social media and in late nights when I do have the time, I usually spent it on surfing through Facebook instead of writing a post for the blog. Another is that I have gone “back to school” and I managed to get one of the certificate that I targeted to get this year. Unfortunately it is just a start and I have another target to meet in the next few months. So, it is back to doing revisions and the dreaded homework in the coming months. Image: Pinterest

And times are tough and times are not right for one to simply sit back and take things easy. Work too have been piling up over the last few months and the expectations from both in and out of the organisation have been very, very demanding.

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Land of Dumb & Dumber

dumb

(Never mind the movie, it seems like there are way too many of dumb people in this country. Image source: The Net)

It was rather “funny” to hear the old man to say this:-

“Malaysians are stupid. They don’t know how to manage aviation,” Dr Mahathir was quoted by news portal Malaysiakini as saying in comments over Christoph Mueller’s appointment as chief executive officer-designate of Malaysia Airlines Bhd (MAS NewCo).

Those responsible for the losses of the ailing national carrier were now trying to make things right, he said.

(Source)

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