Wednesday, November 2, 2011

The Rinky Ding Sabah Railway

Hantu Laut

What was I thinking?

Something that should not have happened, happened!


The train and oil tanker collision in Kota Kinabalu on Monday that exploded and incinerated both tanker and train which should not have happened if common sense had prevailed.

The stupidity and tidak apa attitude of our civil servants, politicians and people given the contract to rebuild and upgrade the tracks has contributed to the disaster.It's obvious, common sense is not common amongst these people.The only thing common in them is the lack of social responsibility and insatiable greed.

The only reason there was no heavy casualty, except for a few injured was because the train travelled at crawling speed and quick thinking Sabahans fast reactions to save themselves.If the train had been fast the result would have been catastrophic.

A project which is not even worth salvaging because it serves no economic benefits except for putting hundreds of million ringgit in the wrong pockets at the expense of safety of the people.If you are proletariat life is cheap. Who cares?

DCM Pairin Kitingan called for all illegal crossings to be closed and CM Musa Aman ordered full probe.

The probe should be on the people who planned and executed the project, not the truck or train driver.

The question I would like to ask those involved with the project why did they not close those crossings knowing the area is heavily populated before they restart the train service? Why no fencing was put up and alternative road bypass built to stop residents from using the illegal crossing.

Crossings can be minimised by building parallel road on the other side of the track to serve the residents living in the area.Automatic gate crossing is not rocket science and they are cheap to build.

Everytime, I pass the Petagas/Putatan area I visualised a disaster waiting to happen as one can see how much human activities going on along the tracks with humans and vehicles crossing the tracks at regular intervals.

Yes, let the MACC probe how a project of such nature can be allowed to proceed without provision for safety to protect the people.

Like everything else, Sabahans always get crappy facilities from the Federal government.

Monday, October 31, 2011

Is The West Going Bankrupt ?

Hantu Laut

Be it an individual, a corporation or a nation, the consequence of over spending and over borrowing could be fatal.Many Western nations are now in deep financial trouble due to over spending.

Being highly geared is risky business.Many eurozone nations have debt to GDP ratio of over 100%, some as high as 400%.

Greece, the first victim of financial gluttony is having problems meeting its debt repayments. The financial debacle sent shock waves to members of the eurozone and financial institutions, which may have to give huge write downs and moratorium on repayments to keep the country afloat.The rescue plan announced in May by IMF and the European Union have not had its desired effect.The 110 billion euros rescue package came with expressed conditions of Greece cutting its public spending and boosting tax revenue.Plan to cut spending was met with violent street protests by unemployed youths.

Greece external debt is now at 182 % of GDP.Every man,woman and child in Greece now owed the rest of the world $53,984.per capita. Greece's trouble is not so much the debt to GDP ratio but more due to a stagnated economy, negative growth, living beyond its means (budget deficit) and rising debt level.In 2010 Greece showed a negative growth of - 4.5 %.Rising unemployment had contributed to violent and deadly street protests.

There is much talk that Greece's economic debacle would bring the demise of the euro currency club.Many US investment funds have taken flights pulling their money out of the eurozone to safer havens.S&P has downgraded Greece's debts to junk status.

Greece, is just tip of the iceberg, many European countries are in for much bigger trouble should they not able to service their debts.

Countries in the economic doldrums that may need lifeboats are Portugal,Spain,Ireland and Italy with Ireland faring the worst with current debt of 1382% 0f GDP.

In term of GDP the UK is at No.2 of the most indebted nation in the world, a whopping 413% of GDP and its every citizen owing the rest of the world $146,953 per capita.The country that wears the top hat for indebtedness is Ireland with a whopping per capita debt of $566,756.

With the exception of Japan, all 20 top debtors of the world are the highly industrialised countries in North America and Western Europe.

Surprisingly, the world's biggest debtor in term of value came out looking much healthier than most European countries.The US stood at No.20 for indebtedness and 101% of GDP and per capita debt of $48,258.It has raised its debt ceiling to borrow more money and its continuing deficit and slow growth rate would eventually render it a sick bill of health.If the US goes under the rest of the world goes with it.China and Japan hold $1.7 trillion of US debts.

It is not possible to foresee the next financial crisis, where it will originate from and how severe the impact on the world's economy.With available data, the low growth and highly geared Western economies appear to be likely candidates triggering the next financial crisis, probably bigger than the 2008 financial meltdown with some countries in the West going bankrupt.

The West have been living beyond its means for far too long at the expense of the poorer East.It's about time they trim their waistline.



Wednesday, October 26, 2011

This Country Does Not Belong To PAS Alone:PAkS -Party Anti-konsert Se-Malaysia

Hantu Laut

Always barking up the wrong tree.Why not spend more productive time going into villages and spread the teaching of morality against the rising crime of incest, rape of minor, rape of own daughters, unwanted pregnancies, baby dumping and the ingravescent social illness of the Mat Rempits that affecting the Malay society and at the same time not forgetting that Malaysia is a multiracial, multicultural and multi-religious society where one should not impose one's religious beliefs on others.

This country does not belong to PAS alone. Read PAkS – Parti Anti-konsert Se-Malaysia.


Saturday, October 22, 2011

From The Gutter Press:5-Star Rating For Consummated Stupidity

Hantu Laut

He has been prime minister for 22 years and credited by many world's leaders for the rapid modernisation and unprecedented economic growth of his country, won five consecutive general elections and dare to speak out against Western imperialist policies, he is not likely to be mad.

I have given the article below a 5 star rating for consummated stupidity.

Sorry mate! Euripides also say "Cleverness is not wisdom"

Has Dr Mahathir gone mad? The truth about the man and nothing but the truth

Written by Ismail Dahlan, Malaysia Chronicle
It was Euripides in ‘Medea’ who made famous the phrase “ Those whom the gods wish to destroy, they first make mad”. Certainly it would be a fitting description of Muammar Gaddafi, whose gory end was telecast for all to see, on Al-Jazeera and CNN. It would be no less appropriate a phrase to describe Mahathir Mohammed; who has been mad for quite a while now. Read more.