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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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BMF: Boycott This Instead!

Read These First:-

PYH2019071205950032000_P4

(A notice is posted at a retail outlet in Seoul on July 12, 2019, stating that it is neither selling nor buying Japanese products. A boycott campaign of Japanese goods is spreading in response to Japan’s recent curbs on exports of key chemicals to South Korean semiconductor and display manufacturers. Image Source: Yonhap News Agency)

In recent days, this has been a hot topic on the news – there has been a campaign for Muslims to boycott products made by non Muslims (it has mellowed down to Buy Muslim Products First).

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Yup, It’s Getting Weirder & Dumb

weird

(Some things are not weird like the way people like to park their cars, it is just a result of people not taking the time and care to do the right things)

It is getting weird, it must be the insane weather, I am very sure – it has been raining cats & dogs for past weeks and yet it feels like one is sitting in a sauna at night. My daughter fared worse, despite having 2 fans and occasionally the air-conditioner switched on, she was sweating like she had just done a 10 km marathon.

Or perhaps it is something we have been drinking (or sniffing), I don’t know. Perhaps it was due to our overzealous with being the righteous one that some of us can see the end is near. Whatever the reason maybe, things are just getting weirder in this country.

Read More »Yup, It’s Getting Weirder & Dumb

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