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Thursday, June 22, 2017

Setting up a will is useless in Singapore.

http://www.channelnewsasia.com/news/singapore/38-oxley-road-dispute-govt-of-the-day-has-to-be-responsible-for-8965592

Lee Hsien Yang and Lee Wei Ling are the executors of Lee Kuan Yew's will.  The will didn't put the government as the executor.  What's the point of setting up a will when nobody can execute the will?

This is the danger of a one-party system in Singapore and we've been warning against such a system.

Proof of abuse of power by PM Lee?

https://sg.news.yahoo.com/lee-hsien-loong-obtained-deed-gift-oxley-house-items-capacity-pm-hsien-yang-035033582.html

PM Lee had sold his share in the house to his brother, Lee Hsien Yang, at market price.

When you don't have a share, you shouldn't have a say about the house.  Furthermore, Lee Hsien Yang and Lee Wei Ling are executing his father's will.  Therefore, PM Lee should just stay out of the matter.

Wednesday, June 21, 2017

Singapore stock calls for 21 June 2017


First robot couriers hit the road.

http://en.people.cn/n3/2017/0619/c90000-9230287.html

China has achieved many first attempts nowadays.  First Quantum satellite, first fully automated port, first robot couriers, etc.

China is really advancing at a breakneck pace in technology changes.

Australia chickened out after Russia's warning.

https://www.theguardian.com/australia-news/2017/jun/20/raaf-suspends-air-operations-over-syria-after-russian-threat-to-coalition-forces

Australia is a coward!  Australia wants to follow behind USA's butt but is unwilling to take any risk.

No wonder our late PM Lee called Australia the white trash of Asia.

Supercomputer ranking in 2017 and China is the best.

https://www.top500.org/news/top500-list-refreshed-us-edged-out-of-third-place/

China has secured the no.1 and 2 ranking for 2017.

No. 1 : China
No. 2 : China
No. 3: Swiss
No. 4: USA

Wow! Kudos to China technology!

AI can detect skin cancer through your smartphone camera.

http://theprettypimple.com/can-cell-phone-diagnose-skin-cancer/

This is definitely a life-saver as you don't have to go through the hassle to get a medical assessment because the AI is more accurate than a dermatologist.

AI can develop creativity now because it has learnt how to compose its own poems.

http://en.people.cn/n3/2017/0531/c90000-9222463.html

If AI continues to develop, it will be able to create, design and produce new products and services without any human input.

Humans won't be able to compete with an AI because we cannot think 24/7 while AI can.

OMG! Artificial intelligence chat bots have created a new language that a human cannot understand.

https://www.androidheadlines.com/2017/06/facebooks-negotiation-ai-created-an-entirely-new-language.html

When machines can talk to each other in an alien language, humans won't be able to control machines anymore because humans cannot understand the linguistic logic.  This is very dangerous because machines will rule over humans or even destroy humans in the future.

Tuesday, June 20, 2017

Singapore stock calls for 20 June 2017


Syria is a missiles playground.

https://sg.news.yahoo.com/iran-says-missiles-syria-hit-targets-070305645.html

Poor Syria!  It seems that any country can fire missiles into Syria. USA can do it! Russia can do it! Turkey can do it! Iran also can do it!

This could be a new business model for Syria.  Syria can just charge a fee any country for testing missiles in Syria.

PM Lee apologises to Singaporeans but will not disband the ministerial committee.

https://sg.news.yahoo.com/singapore-pm-says-sorry-family-feud-000755806.html

This is an insincere apology as he still insists on retaining the house instead of allowing his siblings to execute the will.

Will noble group's credit extension trigger a credit default swap payout?

https://finance.yahoo.com/news/noble-groups-2-billion-loan-185219636.html

Credit default swap is tantamount to an insurance against a default.  When there is a credit event, the buyer of CDS will get a payout from the seller.  If this credit extension to noble represents a credit event, the buyers of CDS will get payouts on the company's $5b debt.

Basically, the CDS doesn't affect the underlying shares because CDS market is largely unregulated.  If there is a default, you'll get the par value of your CDS as a buyer.  A buyer will have to pay an "insurance premium" to the seller for the CDS periodically for the risk transfer and is entitled to an "insurance payout" when there is a credit event.

USA destroyer collision was due to blatant flouting of international maritime law.

USA destroyer collided with a container ship because it flouted the international maritime law.  USA destroyer suffered heavy damages on its right side (starboard) as it collided with the left side (port) of the container ship.

Anyone with a power craft boat licence will know that one cannot approach another vessel on its left side (port).  The right side (starboard) is designated with a GREEN light and the left side (port) is designated with a RED light.  When you see that your vessel is navigating towards a RED light (port) of another vessel, you should slow down or even stop.  Any vessel has to be mindful of its starboard (right side) and monitor any vessel approaching from its right.

Obviously, USA destroyer breached this international maritime law in the name of freedom of navigation and collided with the container ship.  A normal radar will show the direction, speed and trajectory of another vessel.  Therefore, the captain will definitely know that his vessel is approaching on the starboard or port of another vessel and any activity on its own starboard.

Shame on you, USA!

Monday, June 19, 2017

Singapore stock calls for 19 June 2017


Russia and USA cannot get along in Syria.

https://sg.news.yahoo.com/us-shoots-down-syrian-air-213100160.html

Syria bombed US-led forces and USA retaliated by shooting down Syrian fighter plane.  Putin and Syria won't let it go just like that.

It's getting harder to find peace in Syria now.

Lee Hsien Yang and Lee Wei Ling are at the losing end due to the ministerial committee.

https://sg.news.yahoo.com/lee-wei-ling-raps-shanmugam-view-conflict-interest-102347172.html

Most of the ministers on the ministerial committee are PM Lee's hardcore subordinates.  There's no way for Lee Hsien Yang and Lee Wei Ling to execute the old Lee's will because the ministerial committee will block them which is the primary motive for setting the committee in the first place.

PM Lee cannot lose or else his reputation and integrity will be sacrilege. Losing to his siblings will mean PM Lee is wrong.

Sunday, June 18, 2017

China has achieved another breakthrough in quantum satellite.

https://sg.news.yahoo.com/china-sends-unhackable-message-nearly-750-miles-using-190217471.html

This breakthrough will enable China to further develop its quantum radar with a longer range too and render stealth fighter planes like F22 or F35 useless.

Great job!