Sunday, June 29, 2008

Anwar Did It Again?



When there are too many coincidences, the chances are there must be some rationale or logics between these occurrences. The timing is just too "accurate". As I mentioned in my previous post "His Political Life is numbered", will a depressed leader misconduct to prolong his political lifespan? I don't know.

MCA leaders are stepping down. That MIC leader is still holding still his holy stone and don't want to let go. Situation in cabinet and UMNO are seems to be chaotic and miserable. In addition to that, 2 major MP projects in Penang was postponed and people can have only one thought in mind: The government is treating different states unfairly depending on which party is controlling the state. And the federal can't really blame us for having such thought because the signal is clear and obvious. Among so many MP projects, why these two? To reason, we need more facts and facts are something that Malaysia lack of and due to the lack of facts, we are lack of transparency.

Then the saga continues, Anwar is alleged conducted sodomy, again. Put it upfront, I am NOT favouring any political parties or authorities and whatever coming out from my mouth (thus my blog) are purely a reflective thought after receiving all sort of information from a variety of information sources. So, we ask: is Anwer screw up again or being screwed. Again, we have no idea.

It might even be possible that Anwer put it the show himself to provoke people's hatred towards existing authorities even more.

See? Things don't just happen. I'm curious what will be the real agenda and who will stands till the last. Again, even after the case closed, we will still have not even a damn clue about the truth.

Remember that.




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Diablo 3

Damn it, we are still waiting for StarCraft2 and Blizzard starts to tease us with another one. :)











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Streaming Hot.. Bravia


Sony has finally acted to exploit its position as both a maker of electronic hardware and producer of entertainment by streaming Hollywood blockbusters over the internet to its latest television sets before they are released on DVD.

Hancock, featuring Will Smith, will be the first film to be delivered over the internet, rather than by satellite or cable, to Sony's Bravia LCD models. Initially, the service will be available in America from the autumn.

The move marks what Sir Howard Stringer, Sony's chief executive, describes as a belated exploitation of the Japanese group's unique range of expertise. The company also announced plans yesterday to invest $17 billion (£8.5 billion) on technology over the next three years.

Sir Howard told The Times: “The theme of my management speeches within Sony has been to tell my people to get mad - mad that people are beating us, mad that our competitors are getting the attention. I want them angry enough to take on our rivals.”

By finally tapping the unique content-and-hardware features of Sony's structure, the company appears to have struck a direct blow at major competitors such as Samsung and Panasonic, analysts said. The industry's first serious movie-streaming package also sets a precedent that both electronics makers and other film studios will now have to follow.

However, other observers said that the plan was “too little, too late” to give Sony an edge in electronics as competition shaves margins and the US slowdown bites into sales.

Despite Sony's unexpectedly quick victory in the Blu-Ray versus HD-DVD war, in which Sir Howard's Hollywood background played a pivotal role, some doubt that that triumph will translate into profits quickly.

Nevertheless, the film-streaming ploy gives Sony a potentially critical weapon in the intensifying war between LCD television producers - a war that has escalated with the emergence of dozens of low-cost Chinese rivals.

Sony's relatively late arrival in the flat-screen TV game was viewed as one of the more spectacular failures of its pre-2005 management team.

Sir Howard's mid-term strategy pins especially high hopes on consumers in Brazil, Russia, India and China, where group revenues are expected to double to $18.5 billion by 2011.

He also promised that the red ink splashed over the games division - losses driven predominantly by the PlayStation 3 (PS3) console - would be eliminated by March 2009. The hefty console, whose fortunes were boosted substantially by the release this month of the Metal Gear Solid 4 game, will also become a conduit for online film downloads.

A demonstration of the long- awaited Sony Life virtual world software for the PS3 was accompanied by a plea from the head of Sony Computer Entertainment to “please expect more from our evolving PlayStation business”.

By way of profitability targets, Sony is now focused on return on equity - a ratio that it wants to increase from 6 per cent to 10 per cent. Some analysts, though, remain unconvinced that Sony's sparkle has been restored and criticised a lack of detail and new products with a “wow” factor.

Battered by unfavourable currency moves, the group missed a 5 per cent operating profit margin it set itself soon after Sir Howard arrived. He said yesterday that 5 per cent was the “minimum acceptable profitability level”.

He told The Times that the decision to begin delivering Sony Pictures films over the internet had only been possible because he had managed to instil a sense of “law and order” within Sony. The group had at last emerged from “those dark days when nobody in the company seemed to speak to each other”.

Since taking over as the first non-Japanese president of Sony three years ago, Sir Howard has set himself the task of destroying what he calls the “silo walls” between the many operating divisions within Sony. That process may now be winnable.

“We have reached a point where no obstacle is too fearsome any more,” he said.

If the movie-streaming scheme succeeds, it will represent Sir Howard's second attempt to change the way that content reaches the living room.

In the 1990s, before joining Sony, he ran Tele-TV - an early, and ultimately doomed, attempt to pipe content via the telephone network.



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Dating Warren Buffett



House prices are plummeting, the dollar's worth half the British pound and the Dow has nearly crossed into bear market territory. But investors are apparently going long on billionaire lunches.

On Friday, the head of a Chinese investment fund submitted a winning bid of $2,110,100 in an annual charity auction on eBay to share a meal with Warren Buffett, more than triple last year's $650,100 price tag.

The proceeds go to the Glide Foundation, the San Francisco organization that provides food, shelter, health care and job training to the city's poor and homeless.

Buffett, chairman of Omaha, Neb., holding company Berkshire Hathaway Inc., said he dedicates his time each year to Glide because his late wife, Susan Buffett, volunteered there and introduced him to the founder, the Rev. Cecil Williams.

"I got a chance to really get exposed to what an extraordinary job he's done in helping people who the rest of the world has given up on," said Buffett, the world's richest man. "If I can tip my hat by having a lunch, I'm delighted to do it. It's an easy way to help a great man and a great cause."

Zhao Danyang, general manager of Pure Heart China Growth Investment Fund, and seven friends or family members will be able to eat with Buffett at New York steakhouse Smith & Wollensky. No topic is out of bounds other than individual stock picks.

The auction, now in its ninth year, opened June 22 at $25,000. The event brought in that much or less in its first three years, then jumped above $250,000 in its fourth, after going from a live auction to one conducted on eBay. The event has now raised nearly $4.4 million for Glide, an important contribution for an organization that struggles to raise $14 million annually.

"It helps us to make those budgets and it helps us to keep building and gives us some very important resources that people can rely on," Williams said. "Rather than just saying, 'Oh, here's some money and I'll be on my way,' (Buffett) decided to get involved and it's been a great relationship over the years."

Most bidders are investors. Last year's winners, money managers Mohnish Pabrai and Guy Spier, had lunch with Buffett this week. Spier brought his wife; Pabrai his wife and two daughters.

Buffett gave the girls a gift basket filled with candy from his subsidiaries, Mars and Wrigley Jr., including M&Ms with his picture on them. Pabrai suggested that his daughters might want to hang onto the M&Ms, but he was overruled.

The wide-ranging conversation over nearly three hours covered everything from investing philosophies to personal integrity to Eliot Spitzer, said Pabrai, 44, managing partner of Pabrai Investment Funds in Irvine, a family of hedge funds managing $500 million.

At one point, he said, Buffett asked whether he'd rather be the world's best lover and have the world think he's the worst, or be the worst and have it think he's the best. The point was that a good investor should have faith in "internal yardsticks," and not second guess strategies just because they seem unconventional to others.

"It was well worth every penny, probably worth a lot more than every penny," said Pabrai, who put up two-thirds of the $650,100.

Spier, chief executive of New York investment house Aquamarine Capital Management LLC, also said he would save or earn enough money based on what he learned during the meal to more than offset the cost. But he stressed that the contribution would be worth it even if he hadn't shared a meal with Buffett because Glide is so effective at confronting the challenges of poverty.

"If that was a for-profit company, (Berkshire) would have bought it and Williams would be in the pantheon of Buffett managers," he said.

Despite the market climate, Buffett had a pretty good financial year. In March, Forbes estimated that his net worth increased by $10 billion to $62 billion, putting him on top of its list of the world's richest people. He displaced Bill Gates, who fell to third after leading the pack for 13 years.

Buffett took over Berkshire Hathaway in 1967, turning the struggling textile manufacturer into a holding company that today boasts a market value of $186 billion. It's heavily weighted with insurance businesses, including Geico, but also controls the Fruit of the Loom, See's Candies and Dairy Queen brands.

His track record picking winners is legendary, earning him the nickname the Oracle of Omaha. Each year, about 20,000 people descend on the Nebraska city to hear Buffett's words of investing wisdom at Berkshire's annual meeting. More than a dozen books have been written about him and his investing style.

But the Oracle of Omaha could just as deservingly be dubbed the Berkshire Benefactor.

In 2006, he said he would eventually donate 85 percent of his shares in the company to the Bill and Melinda Gates Foundation and several family charities. He has argued in favor of maintaining the estate tax and for an overhaul of the tax system that would require the rich to pay the same proportion of their incomes in taxes as lower-income groups.

During the interview, Buffett noted that America's rich don't give much more to charity, as a percentage, than the population at large.

Asked if they should do more, he said: "I don't like to tell other people what to do, but certainly I should and my family should. Here I am undeniably lucky in many ways, and there are many who aren't so lucky."

"I just write a check," he added. "Cecil and others are dedicating their lives to it. They make it even easier for the rest of us" to give.

E-mail James Temple at jtemple@sfchronicle.com.





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Saturday, June 28, 2008

Portfolio B @ 27-June-2008



Transaction Costs are excluded.

700 unit of Pelikan
Avg Buy Price = RM 2.72, Market Price = RM2.39, Unrealized Gains/(Losses) = (RM231)

2000 unit of IPower
Avg Buy Price = RM0.23, Market Price = RM0.215, Unrealized Gains/(Losses) = (RM30)

Finally today I bought another 200 unit of Pelikan @ 2.39.




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Thursday, June 26, 2008

Stressometer @ 26-June-2008 8PM







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Installing IBM RPM in Microsoft Windows Vista



The IBM RPM 7.1.1 documentation stated that you can install and use IBM RPM client in Microsoft Windows Vista. Is that really true? Yes and No.

No in the sense that the installation is not one step process. Some additional steps are needed to ensure all the necessary components are properly configured. Yes because I tried and the program seems working after the installation. Of course, maybe there will be some bugs I haven't discover yet. I will briefly describe the steps you need to perform.

There are 2 components (RPMBrokers.dll, RPMImpex.dll) to be registered for RPM Rich Client to work and 3 components (RPMBrokers.dll, RPMImpex.dll, RPMPlgin.ocx) for RPM Plugin.

Ok, the ONLY REAL installation in Vista is just the ActiveX component registration is troublesome. If you try to register these components manually after the RPM installation, most probably you will hit by a 0x80004005 error.

Note: The below are the steps I conducted to make the thing works, however I'm not sure whether some of it are mandatory.

The first thing you should do is to enable ActiveX Installer in Vista. You can do this by going to [Control Panel] > [Programs and Features] > [Turn Windows Feature On or Off]. Then from the list select [ActiveX Installer]. Click Ok to proceed.

Then you go to [Control Panel] > [Administrative Tool] > [Services] and turn the [ActiveX Installer] service on (Started).

And finally the real meat is here.

You need to remove the "cached" copy of the regsvr32.exe from Vista.

P/S: It might be helpful to restart your PC first.

Using Windows Explorer, go to C:\Windows\Prefetch, remove all the files where the names start with REGSVR32.

Next, you need to use the regsvr32.exe program shipped along with the IBM RPM. This file can be located in %RPM_INSTALLATION_FOLDER%, i.e. C:\Program Files\IBM\Rational Project Manager\regsvr32.exe. To do this, go to [All Programs] > [Accessories], right click on [Command Prompt] and select [Run as administrator]. After that you need to change directory to the RPM installation folder using command like [CD C:\PROGRAM FILES\IBM\RATIONAL PORTFOLIO MANAGER]. Try to execute the regsvr32. If you succeed, you shall get a message box on how to use it.

You can register the RPMBrokers.dll by typing the command [regsvr32 RPMBrokers.dll]. You will get a message indicating the registration was succeeded.

And before you continue to register the next one, you should perform the removal of REGSVR32 files from PREFETCH folder again.

You can register the RPMImpex.dll by typing the command [regsvr32 RPMImpex.dll]. You will get a message indicating the registration was succeeded.

Again, do the C:\Windows\PREFETCH\REGSVR32 clearing steps.

Lastly, You can register the RPMPlgin.ocx by typing the command [regsvr32 RPMPlgin.ocx]. You will get a message indicating the registration was succeeded.

Taa Daa, you should be able to run the IBM RPM client program now.

Good luck.



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Wednesday, June 25, 2008

Paris chic is a bit geek …



The return of the iconic Ray-Ban Wayfarer sunglasses is the height of style in Paris

You can’t miss them— it’s as if the iconic and classic Ray-Ban sunglasses are literally raining in on Paris and the epitome of French chic at this moment!

They’re featured in trendsetting Colette, front and center in just about every optical store, and worn on the most fashionable women and men on the streets of Paris. The French love to glom onto a style and at this moment, RayBan Wayfarer sunglasses in all sizes and colors are it!

We know fashion runs in cycles and solid styles will make their way back in fashion. The wickedly chic “Breakfast at Tiffany’s” Ray-Ban sunglasses that Audrey Hepburn made famous in 1961 made their comeback as a 1980’s downtown club trend which went global, particularly when Madonna donned a pair “Desperately Seeking Susan” and Tom Cruise in “Risky Business.”

Fast-forward another two decades and the retro Ray-Ban return is nothing all that novel-- chic geek girls and boys have been putting clear lenses in vintage Wayfarers for a time, but the French know how to take it up a notch from purposely dorky retro to of-the-moment cool. Maybe, it’s the drunken abundance of the new kooky bi-color Wayfarer frames in red, olive, plum, or teal that caught my attention from the Marais to Madelaine, but I had to have a pair while working in Paris.

Working in Paris, you say? Yes, sweet darlings, the FocusOnStyle.com French team is getting ready to go live with our brand-new web design very soon!

Ray-Ban’s are about the same in Euros as Dollars, but with our abysmal exchange rate, you’ll save yourself at least a third of the cost if you get your Ray-Bans stateside. I usually have a bad case of attention spam for most full-circle trends, but for these bright red specs, I just couldn’t wait, and you shouldn’t hold your fire picking up this fabulous summer accessory.




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Portfolio B @ 25 June 2008



Transaction Costs are excluded.

500 unit of Pelikan
Avg Buy Price = RM 2.84, Market Price = RM2.50, Unrealized Gains/(Losses) = (RM170)

2000 unit of IPower
Avg Buy Price = RM0.23, Market Price = RM0.22, Unrealized Gains/(Losses) = (RM20)

Losing around 11% of this portfolio initial investment. Still waiting for good call to buy. My current margin of safety for Pelikan is RM2.50.




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Tuesday, June 24, 2008

Should You Pay Off Your Mortgage Before You Retire?



by Emily Brandon

Financial planner Nancy Langdon Jones of Claremont, Calif., likes the idea of having her home paid off before she retires. Her husband, actor Claude Earl Jones, would rather have the money invested than tied up in the house. "For my husband, it was very important that he could look at his brokerage statement and see that the money was there," she says. "I wanted to know that if something came up we wouldn't have to worry about the house payments."

After sitting down with a financial planner to get a neutral, third-party view, the Joneses found their compromise: downsizing to a smaller house (with a more manageable mortgage payment) while keeping most of their savings in their brokerage account.

Their struggle illustrates a divide in the financial planning industry. Should you own your home free and clear before you retire? Or is it better to keep your mortgage and invest the money elsewhere at perhaps a higher return while reaping the mortgage-interest tax break? Here are factors to weigh when deciding which path is right for you.

Compare interest rates. The typical 30-year, fixed-rate mortgage interest rate is currently 6.57 percent, according to the Mortgage Bankers Association. If you are getting a higher average rate of return on your investments elsewhere than your interest rate, it makes sense to keep your mortgage. Just over half of affluent baby boomers born in 1948 who have both mortgages and investable assets of at least $1 million do not plan to pay off their mortgages until their 70s, if ever, according to a recent survey of 500 people by investment management firm Bell Investment Advisors.

"Mortgages help free up funds that otherwise would be tied up in property ownership for investment in equities," says Jim Bell, the firm's founder and president. Investing in the stock market money that would otherwise be tied up in home equity also gives you the option of raising cash to deal with unexpected expenses like medical bills or even rising gas prices.

Pay it down. If you're not sure whether you can achieve a higher return in the stock market or aren't willing to take the risk, then you should prepay your mortgage principal as you approach retirement. "We don't know what the earnings are going to be in the market," says Vern Hayden, a certified financial planner and president of Hayden Financial Group in Westport, Conn. "The guaranteed return on your money is the interest you were paying" on the mortgage.

Refinancing from a variable-rate loan to a fixed-rate mortgage can give you a better idea of what your payments will be in retirement. Brent Neiser, a certified financial planner and a director of the National Endowment for Financial Education, recommends paying down principal above your monthly payments when you can. "Adding money at your discretion gives you the ability to stop that when times are tighter," he says. On a $150,000, 30-year mortgage at 6 percent interest, paying just $100 extra per month would save you $45,000 and allow you to pay off the debt seven years sooner than following the normal payment schedule.

Don't rob your retirement plan. According to the most recent Federal Reserve Survey of Consumer Finances, 32 percent of households headed by someone age 65 to 74 were carrying home-mortgage debt in 2004. It can be tempting to dip into your 401(k) or IRA to pay it off. But mortgages shouldn't be paid off in the absence of other savings. "You need to have a balanced approach of keeping that retirement savings robust and also have regular savings for emergencies so you don't turn to the credit cards if your refrigerator or furnace breaks down," Neiser says. Also, pay off higher-interest debt like credit cards and car loans before your mortgage. "If you have your money tied up in a paid-off mortgage, in order to access that equity which is in your house, you have to go pay the bank to get your money [by refinancing the loan]," says Elisabeth Plax, a Beachwood, Ohio, financial planner and wealth manager for Plax & Associates Financial Services. "If you invest it, all you have to do is liquidate it" by selling.

Consider tax breaks. The interest you pay on your home mortgage is tax deductible on up to $1 million in debt. You can also typically write off interest on up to $100,000 of home-equity debt. But you benefit from this tax perk only if all your itemized tax deductions, including your mortgage interest, add up to more than the standard deduction that almost everyone gets automatically. For 2008, the standard deduction amounts are $5,450 for singles, $10,900 for couples, and $8,000 for heads of households.

Jonathan Pond, a financial planner and author of Grow Your Money! 101 Easy Tips to Plan, Save, and Invest, argues that you need to be in the 35 percent tax bracket, or make at least $350,000 annually, for the tax break to be worthwhile. Most Americans in the 25 percent tax bracket might pay, say, $10,000 in mortgage interest but save only $2,500 in taxes.

Look at the emotional aspect. Some 16 percent of workers and 10 percent of retirees think making mortgage payments or paying for a house is the most pressing financial issue facing Americans today, according to an Employee Benefit Research Institute survey done this year. But knowing that you own your home can give you a sense of stability in retirement--security that the possibility of stock market gains will never be able to. "Paying off the mortgage is going to reduce their need for cash flow when they go into retirement," Hayden says. "I just think people ought to get out of debt because times are so uncertain, and the less they are shackled, the better they are going to be able to deal with whatever their problems are going to be."




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Alkaline & Ionic Water - The Ultimate Amp Challenge

People in third world countries are worry about starvation and yet we are debating about what water to drink. WTH.





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Cop arrested over alleged rape of 17yr-old

Eddy said: DAMN THE GUILTY!




Cop arrested over alleged rape of 17yr-old
By RASHITHA A. HAMID


PETALING JAYA: A policemen was arrested after he allegedly raped a 17-year-old girl who was brought into the police station for interrogation.

The girl was allegedly forced to perform oral sex on the policeman, in his 20s, and was raped at a police station in Selangor on June 18.

It is learnt that the girl was on a motorcycle with her boyfriend at 5am when the policeman, who was on patrol, stopped them. As the boyfriend did not have a licence, the policeman and his colleague hauled the couple to the police station for questioning.

Sources said the boyfriend and the girl were questioned in different rooms.

“During questioning, the girl was forced to undress and the policeman threatened to throw her boyfriend in jail for 20 years if she refused to obey him,” said Selangor police chief Deputy Comm Datuk Khalid Abu Bakar.

Fearing for her boyfriend’s safety, the girl agreed to perform oral sex on him before being raped.

After half an hour, the two were released but the girl did not reveal the incident to her boyfriend or family members.

However, two days later she confided in her cousin who promptly told her parents.

Accompanied by family members, the girl lodged a police report at the Putra Heights police station on Sunday.

Khalid said that the policeman, who is married with a child, has been detained and remanded.

“He has been suspended pending investigation,” he added.






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Microsoft after Gates, Bill without Microsoft



Posted by Steven Musil

As Bill Gates prepares to walk away from Microsoft, both the man and the company he founded will face challenges getting along without each other, according to the new issue of Newsweek magazine.

Gates, who is stepping down from his full-time role at Microsoft this week to focus on his $37 billion charitable foundation, is the subject of an article that profiles Microsoft's successes and failures during his tenure, as well as the difficult transition the company and its founder will likely face. (CNET News.com plans to publish its own retrospective on Gates' departure, but in the meantime, you might want to refresh yourself with some stories from when the transition was announced.)

We will likely be seeing more of Bill Gates with people such as U2 front man Bono (like in this video), working on famine relief and education.

(Credit: Corinne Schulze/CNET News.com)While the Newsweek story mentions Microsoft's challenges in antitrust probes, Windows Vista versus Windows XP, and the Internet search arena, the story also offers intimate perspectives from the people who know him the best, as well as Gates himself.

"He's not just Bill Gates, he's the Bill Gates," Steve Ballmer, Microsoft's CEO and Gates' right-hand man for decades:


He founded the company, he's accumulated this wealth, he's got this foundation, he's got this fame. That's irreplaceable. Also, Bill grew up with every one of the technologies in this company. He's got more capacity to remember things than anybody I've ever known. It's unlikely we'll have anybody again who has that breadth.

Gates was also responsible for stoking the fires of urgency at the software giant, said Ray Ozzie, who took over Gates' job as chief software architect:

A lot of the company's strength is that Bill created a culture of crisis--if there weren't a Google, we'd have to make one. This is a period of unprecedented strength for the company. If there had to be a time when Bill transitioned out, we couldn't have set it up better than it is right now.

Paul Allen, who co-founded the company with Gates, remarked from the perspective of his own departure from the company in 1983:


You don't always realize how dramatic that transition is going to be when people aren't depending on your decisions day by day.

So how about Bill? Is he going to miss being in the trenches, slugging it out with Apple, Google, and Mozilla? It doesn't sound like it from what he told the magazine:


This whole thing about which operating system somebody uses is a pretty silly thing versus issues involving starvation or death.



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How is Internet rotting my brain



John Naughton
LONDON


IS GOOGLE making us stupid? was the provocative title of a recent article in the US journal The Atlantic. Its author was Nicholas Carr, a prominent blogger and one of the internet's more distinguished contrarians. "Over the past few years," he writes, "I've had an uncomfortable sense that someone, or something, has been tinkering with my brain, remapping the neural circuitry, reprogramming the memory. My mind isn't going - so far as I can tell - but it's changing. I'm not thinking the way I used to think."

He feels this most strongly, he says, when he's reading. "Immersing myself in a book or a lengthy article used to be easy. My mind would get caught up in the narrative or the turns of the argument, and I'd spend hours strolling through long stretches of prose. That's rarely the case any more. Now my concentration often starts to drift after two or three pages. I get fidgety, lose the thread, begin looking for something else to do. I feel as if I'm always dragging my wayward brain back to the text. The deep reading that used to come naturally has become a struggle." His diagnosis is that he's been spending too much time online. His complaint is not really against Google - it's against the network as a whole. "What the net seems to be doing," he writes, "is chipping away my capacity for concentration and contemplation. My mind now expects to take in information the way the net distributes it: in a swiftly moving stream of particles. Once I was a scuba diver in the sea of words. Now I zip along the surface like a guy on a Jet Ski."

To judge from the volume of commentary that has followed his article, Carr has touched a nerve. He was "flooded with emails and blog posts from people saying that my struggles with deep reading and concentration mirror their own experiences". Various uber-bloggers such as Andrew Sullivan, Jon Udell and Bill Thompson took up the theme, adding their own twists. And prominent newspaper columnists such as Leonard Pitts (Miami Herald) and Margaret Wente (Toronto Globe & Mail) also revealed their private fears that addiction to cyberspace, and online media generally were, in fact, rotting their brains.

What's surprising in a way is that people should be surprised by this. The web, after all, was designed by a chap (Tim Berners-Lee) who was motivated to do it because he had a poor memory for some things. Add powerful search engines to what he created and you effectively have a global memory-prosthesis. Who won the Ascot Gold Cup in 1904? Google will find it in a flash - and remind you that the race that year was run on June 16, which is also the day in which all the action takes place in James Joyce's Ulysses.

The combination of powerful search facilities with the web's facilitation of associative linking is what is eroding Carr's powers of concentration. It implicitly assigns an ever-decreasing priority to the ability to remember things in favour of the ability to search efficiently. And Carr is not the first to bemoan this development. In 1994, for example, Sven Birkerts published The Gutenberg Elegies with the subtitle The Fate of Reading in an Electronic Age, a passionate defence of reading and print culture and an attack on electronic media, including the Internet. "What is the place of reading, and of the reading sensibility, in our culture as it has become?" he asked. His answer, in a word, was "shrinking" due to the penetration of electronic media into every level and moment of our lives. But people have worried about this since... well... the Greeks. In the Phaedrus, Socrates tells how the Egyptian god Theuth tried to sell his invention - writing - to King Thamus as "an accomplishment which will improve both the wisdom and the memory of the Egyptians. I have discovered a sure receipt [recipe] for memory and wisdom." To which the shrewd old king replied that "the discoverer of an art is not the best judge of the good or harm which will accrue to those who practise it... Those who acquire writing will cease to exercise their memory and become forgetful... What you have discovered is a receipt for recollection, not for memory." In other words, technology giveth; and technology taketh away. Now, who was it who said that...?



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Tee Keat not impressed with KTMB



Eddy said: Ain't this part of your daily job? Where had you been in the past? Hibernating or what?


KUALA LUMPUR: Transport Minister Datuk Ong Tee Keat has been monitoring KTM Bhd's service and he is not impressed.

“I am aware of delays and the lack of electric trains to meet the increasing needs of the public.

“I am also monitoring the schedule of the railway services,” he told a press conference after opening Kojadi’s annual general meeting at Wisma MCA here yesterday.

Ong said he had received many complaints from the public on KTMB's services, especially the long wait for trains.

“One of the reasons is the lack of electric trains or ‘rolling stock’. We have ordered the rolling stock but we can't expect to get it immediately.

“We will rent rolling stock in the meantime,” he added.

Ong also said train stations, especially those in rural areas, and rail coaches were old and dilapidated.

“A full audit will be conducted on how to improve the train services,” he said.

He said the ministry would also appoint an independent entity to conduct a safety audit on the country's railway network.

“I hope several initiatives that I have outlined on how to improve train services will bear fruit as soon as possible,” he said.

Earlier, in his speech, Ong said Kojadi was not for MCA members only.

“Kojadi is one of the cooperatives which is concerned with development of the future generation and has outlined various plans to assist students,” he said.




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Monday, June 23, 2008

Interest rates on local car loans may be lowered


KUALA LUMPUR: Interest rates on car loans, especially for non-national cars, are expected to go up next month while those for national cars such as Proton and Perodua will be reduced slightly.

Banking and automotive sources said banks are expected to fix the interest rates at 3.5 per cent.

It is understood that Maybank, AmBank, CIMB and Public Bank top officials met last week on the move.

Together, these four banks control 70 per cent of the car hire-purchase segment of the banking business.

Sources said the move was aimed at standardising the interest rates, which were currently in favour of the non-national cars.

Banks are now offering loans with an interest rate of 2.5 per cent for non-national cars and between 3.8 per cent and four per cent for national cars, namely Proton and Perodua models.

Several car distributors and dealers told the New Straits Times that they have heard the news, but had yet to be notified by the banks.

A car dealer handling both national and non-national cars said the interest rates on the national cars, the bulk of which were market-entry level cars affordable among the low-income earners, were higher because "the risk of loan defaulters are higher".

"Banks are basing it on statistics.

"They see that the non-performing loans are higher for loans given for national cars," the source said.

Meanwhile, Association of Finance Companies of Malaysia chairman Tan Sri Tay Ah Lek said the interest rates for car loans depended on a number of factors such as the tenure of the loans, type of car being financed and the customer's risk profile.

He said the prevailing low interest rates for car loans were partly due to the subsidy by car dealers to sell more cars.

In light of the rising long-term rates, banks would need to review their present interest rates for car loans.

Tay said the decision to raise interest rates on car loans, if any, would be made by the individual institutions.

"As of now, the association is not aware of any decision by any financial institutions raising their interest rates on car loans next week."

One non-national car dealer said the higher rates would have an impact on sales, but the effect would be across the board.



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Sunday, June 22, 2008

Zero Coupon Bonds



Man, this is hilariously funny. I overheard an apparent "outsider" talking about some company issuing a zero coupon bonds in its capital structure.

This was roughly what he said

"The company XXX is so goooood, decided to do zero couple instead of these bonds that need to pay interest to bondholder, this saves the company many many bank interest".

By the way, sorry for the broken english, I tried to resemble the original wordings from that guy.

Perhaps any educated investor would point out the problem with his statement. Well, most of us could laugh at him after we did some studies on wth is zero coupon. And well, only if most of us aren't lazy.

Firstly, Yes, Zero couple bonds doesn't pay interest. Emmm, it really depends on how you define "interest". More precisely, I must say Zero Couple Bonds doesn't make Coupon Payment to Bond Holders. A Coupon is like an obligation of the bond issuer to make periodic interest give out to bond holders as a way to compensate investors for taking risks in buying the bonds.

So, if Zero Coupon Bonds doesn't do that, how do investors making profit from it?

It is just like U.S. Treasure Bills.

Fine! You might not know T-Bills. What about Pure discount instruments?

Ok! You have no idea what am I talking about.

Great, now I have to tell the story using my own words, and please don't whack me if my understanding deviates from those well established in the financial literatures.

Imagine a fictionous scenario that you want to eat an apple and an apple is selling at USD100 in the market. The problem is you don't have USD100 and now you hunting out to find ways to get your apple. And then there is another guy, who desperately want to grow apple trees and therefore he need some money to do his business. So he decided to offer a deal in the market. The deal is he will promise to pay USD100 at the deal maturity, let say 6 months, in return for USD80 that you provide to him immediately. If you can wait for 6 months and if you still want to eat your apple, then this is possibly a good deal that you might want to engage.

(At this point, if you know about Derivatives, you might think that the above scenario is also applicable to derivatives trading. No, you are wrong. In the above case, the amount of money exchanged hand/specified in the contract is fixed, hence the term Fixed Income Securities)

Assume that you signed up the deal, paid USD80 upfront and waited for 6 months for your USD100, your Holding Period Return (HPR) is

= (USD100 - USD80)/ USD80
= 25% (Not Bad huh)

The point here is Zero Coupon Bonds like the scenario, will allow you to purchase the bond at a discounted price, then by holding it to maturity, you shall redempt it at full value, i.e. par value/face value. No interim interest payment shall be made to you though.

Ok, Ok. I heard some noises at the back. What's that? Oh, you're asking what are reasons for corporates to choose between zero coupon and coupon bearing then.

Plenty of reasons, of course.

But, in my opinion, only one reason is significant: To manage/manipulate financial reports/ratios. To understand the implication of choosing amongst the two, we need to understand how companies record the bonds transaction in their book.

Oh boy, I've typed some many words and got lazied. So, I will just summarized this up.

Basically, coupon bearing bonds can be categorized into 3 groups: bonds at par, discount bonds and premium bonds and each is recognized by the different between coupon interest rate and market rate of interest at issuance; and each have impact on CFO and CFF.

Anywaym, because interest payments are recognized as interest expenses in income statement, therefore for zero coupon bonds, the profit is significantly overstated because CFO is significantly high due to the absence of substraction effect of coupon payments. "Interest" payment of zero coupon bonds is only realized the maturity and only in CFF. Other than this, ratios such as debt-to-equity will also be distorted.

Ok, that's all for now.




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Saturday, June 21, 2008

Guang Zhou (广州) Art College 2008 Graduation Showcase









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Will migraine ever be cured?



It's notoriously hard to treat, but doctors are closer than ever to finding effective relief for this condition that affects millions. Jeremy Laurance offers a sufferers' guide

Who gets it?

An estimated six million adults in Britain, or 15 per cent of the population, are migraine sufferers. The condition affects one in four women and one in 12 men and is the commonest reason for consulting a neurologist. Up to a third of patients in some neurology clinics are seeking help for migraine.

It is three times more common in women than men and affects people in their most productive middle years. The peak prevalence is from the age of 30 to 39. It also occurs in children, though more rarely, affecting about one in 17.

The incidence rises sharply in women at puberty and falls again at the menopause, suggesting a hormonal cause.

Why do people get it?

Migraine sufferers have "over-sensitive brains". That is shorthand for saying they react strongly to stimuli such as light, noise, motion, fatigue, hunger, and so on.

In different people, different parts of the brain are abnormally active. Researchers believe that the propensity for the brain to be over-sensitive and vulnerable to migraine is inherited. Most sufferers have a family history of the condition. There has been a transition in recent decades from thinking of migraine sufferers as sad and unhappy people to regarding the condition as a biological problem.

How bad is it?

The World Health Organisation ranks medical conditions on a scale according to how badly they affect quality of life using a measure called a daly (disability-adjusted life year). On this scale, suffering diarrhoea for a day is ranked least disabling, with dementia ranked as most disabling. Having a bad migraine is considered equivalent to dementia, placing it at the worst end of the scale because, when severe, the condition prevents sufferers from going anywhere or doing anything.

Yet migraine generates little sympathy because there is no injury or outward sign of illness. If you break a leg, it is put in a cast, which makes it easy for people to see what is wrong. The cast serves as a kind of medal, awarded for enduring the injury. But a migraine sufferer has neither cast nor medal, they seem normal and the condition is difficult to get to grips with.

What is it?

A type of headache. Headache is the umbrella term, and migraine is one sort of headache disorder. It is distinguished from other kinds of headache by being one-sided, throbbing, with moderate or severe pain which is worse with movement. There may be sensitivity to light and sound, nausea and a proportion of patients suffer visual disturbances, such as flashing lights, zig-zag patterns or seeing an aura around objects. Others experience aphasia – difficulty finding words – co-ordination problems or pins and needles and numbness in the hands, feet and tongue.

Attacks of migraine vary in severity but can last from anywhere between four hours and three days. If they occur on up to 15 days a month they are regarded as episodic. If the attacks are more frequent than that, they are defined as chronic.

What treatments are there?

The first line of defence against migraine is to take ordinary painkillers such as paracetamol and aspirin. They are more effective, however, if taken at the first sign of an attack – when the headache has already become bad they are less effective. Anti-inflammatories such as ibuprofen may also help in an attack. And if you suffer from nausea, anti-sickness medicines are available, and can be used on their own or in combination with painkillers.

For more severe cases, triptan drugs are widely used, of which the best known is sumatriptan. They are only available on prescription and work by constricting the blood vessels around the brain (the dilation of the blood vessels is believed to be a cause of migraine). There are seven triptan drugs available in the UK and if you find that one does not work, then it is worth trying another.

Preventive treatments are also available. Beta-blockers, such as propanolol, which are normally used for high blood pressure, also prevent migraine attacks, though it is not understood how they do this. The anti-depressant amitriptyline has been shown to be effective in stopping migraines and works in a different way from its antidepressant effect. Anticonvulsants, prescribed for epilepsy to prevent seizures – another symptom of the over-sensitive brain – can also prevent migraines.

What new treatments are on the way?

Scientists are poised to announce an advance in the treatment of migraine that will bring fresh hope to millions of sufferers. Improved understanding of the mechanism that causes the brain to overreact to stimuli has led to the development of new drugs that promise to transform the treatment and prevention of the condition.

They include the first preventive drug specifically designed for migraine. Experts say they will usher in a new era in the management of the condition.

One of the new drugs, known only by its code, MK0974, is the first of a new class of treatments that has been shown to be more effective and have fewer side effects than the existing triptan drugs.

Final (phase 3) trials, to be presented this week at a conference of the American Headache Society in Boston, will show that MK0974 reduces pain and is better at preventing the return of the migraine over 24 hours than the triptans. The new drug is expected to be on the market within three years.

Peter Goadsby, head of the Headache Group at the Institute of Neurology, University College, London and professor of neurology at the University of California, said: "It [MK0974] is very well tolerated and does really well compared with current treatments. It is going to be an important advance. We are well on the way to having a totally novel way of treating migraine."

Separate trials are under way of the first of a new class of drugs, called gap junction blockers, designed to prevent migraine. They are taken daily and are intended for the 20 per cent of sufferers who have more than four attacks a month. Existing preventive drugs are derived from other areas of medicine such as beta blockers (for heart problems) and anti-convulsants (for epilepsy) and have significant side effects.

Early (phase 2) trials of the first gap junction blocker, called tonabersat, show that it has fewer side effects than existing preventive treatments.

Professor Goadsby said: "If the studies are suitably positive it will be a step change for the good because its mechanism of action is different. It's clear that it is well tolerated, but whether it works [better than existing treatments] remains to be seen."

Lee Tomkins, director of Migraine Action, said: "These drugs will take treatment into a whole new era when they come through. Even if they are three years away, that is a blip in the lifespan of a migraine sufferer. It is very exciting."


Migraine Action: www.migraine.org.uk

What triggers it?

Sleep – both too much and too little.

Eating – skipping meals or going hungry.

Foods – certain ones, but especially citrus fruits such as oranges, plus chocolate and cheese.

Drinks – caffeine in tea and coffee, alcohol, dehydration.

Atmosphere – stuffiness, smoky rooms, lack of fresh air.

Weather – changes in humidity or very cold temperatures.

Sensory – flashing lights, loud noises, strong smells.

Stress /relaxation – both before and after.

Periods – some women say an attack is more likely at this time.

Drugs – sleeping pills, contraceptive pills, hormone replacement therapy.




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Stressometer @ 21-June-2008 3PM





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Weekend Exercise

It's being 2 weeks since I last cleaned the car porch. Well, time to do some exercises anyway to fulfill my annual exercise quota. :)


My work out tools.


I've mixed cleaning solution using bleach, expired body shampoo and soap powders.


Clothes Dryer


Gotta move this somewhere else temporarily to clean that area.



First, apply a layer of cleansing solution. Bubble... Bubble...



Then rinse the floor with water. Look, it shines.










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