Obama Moves to Reverse Bush’s Labor Policies

By DAVID STOUT, New York Times

WASHINGTON — On yet another morning of grim economic news, President Obama sought to further distance himself from his predecessor on Friday as he announced steps that he said would strengthen organized labor and improve the lot of middle-class Americans.

At a White House ceremony, the president signed three executive orders that he said would “reverse many of the policies towards organized labor that we’ve seen these last eight years, policies with which I’ve sharply disagreed.”

Soon afterward, Vice President Biden drew applause when he flung another dart at former President George W. Bush and former Vice President Dick Cheney (on Mr. Cheney’s 68th birthday) as he told labor officials in the audience, “Welcome back to the White House.”

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Obama berates Wall St bonuses

Fri, Jan 30, 2009
AsiaOne

WASHINGTON – PRESIDENT Barack Obama furiously slammed Wall Street titans who took multi-billion dollar bonuses while taxpayers bailed out their industry as ‘shameful’ and guilty of acute ‘irresponsibility’.

Mr Obama, anger rippling his usually calm countenance, said bosses of big finance firms must sacrifice along with other Americans, as the country tries to dig itself out of a deep economic hole.

The president’s ire was sparked when he read a newspaper article detailing the US$18.4 billion (S$27.73 billion) in bonuses racked up by Wall Street firms last year, even as stock markets plunged and the economy slumped towards a recession.

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PAP MP Lam Pin Min wants “good practice guidelines” for bloggers

By Eugene Yeo, Wayang Party Club, 23 Jan 2009

Original Link

I read with great “apprehension” this article published in TODAY - ”Bloggers uniting slowly, but surely” about the setting up of a bloggers association.

Oh dear, will this blog need to get accreditated by the association in future to obtain a “licence to blog” ?

According to founder and President Jayne Goh, it aims to raise the profile of bloggers and will promote, protect as well as educate its members.

Describing bloggers as “loose sand scattered all over,” Ms Goh wants the blogging community to have “grown-up conversations, blogging responsibility and creative growth”.

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Think again, PM urges bosses planning layoffs

Straits Times, 28 Jan 2009
ST link

PRIME MINISTER Lee Hsien Loong has called on employers to think again before axing jobs.

Retrenchment should be ‘the final choice rather than the first choice’, he said, especially now that the Government has schemes in place to help companies cut wage costs.

Speaking on Monday after visiting pharmaceutical giant GlaxoSmithKline (GSK) on the first day of Chinese New Year, PM Lee said bosses should take a longer-term perspective and not just look at the immediate future.

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SDA’s new exco to decide on 2 key issues

Straits Times, 29 Jan 2009
ST link


By Kor Kian Beng

THE newly elected executive council of the Singapore Democratic Alliance (SDA) will meet next month for the first time to decide on two key issues.

The grouping of three opposition parties will decide whether to come together and recruit new members under the SDA banner and whether to extend the veto powers of its chairman Chiam See Tong.

The veto powers of Mr Chiam, who is also the MP for Potong Pasir, are due to lapse this year.

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Step down by Association of bloggers Singapore

Link

Members of Associations of bloggers singapore are stepping down one after another.

http://www.xtralicious.com/2009/01/29/curtain-call/

http://www.mr-endoh.com/blogosphere/stepping-away/

http://www.plurk.com/tomato75

Rachel, Endoh and Paddy. What happened as all on the same day within hours of each others.

4.40pm. Nicole also quited.

House Passes Stimulus Plan Despite G.O.P. Opposition

By JACKIE CALMES, New York Times

WASHINGTON — Without a single Republican vote, President Obama won House approval on Wednesday for an $819 billion economic recovery plan as Congressional Democrats sought to temper their own differences over the enormous package of tax cuts and spending.

As a piece of legislation, the two-year package is among the biggest in history, reflecting a broad view in Congress that urgent fiscal help is needed for an economy in crisis, at a time when the Federal Reserve has already cut interest rates almost to zero.

But the size and substance of the stimulus package remain in dispute, as House Republicans argued that it tilted heavily toward new spending instead of tax cuts.

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Obama Says Not a ‘Moment to Spare’ on Stimulus Plan

By DAVID STOUT, New York Times

WASHINGTON — Declaring that “we don’t have a moment to spare,” President Obama on Wednesday pushed hard for passage of his economic stimulus plan, promising that it would be not just enormous in scope but run with a transparency and accountability not always associated with huge Washington projects.

“We’ll invest in what works,” the president said after what he called “a sober meeting” with prominent business executives at the White House to discuss not just the immediate economic crisis but the ability of America to compete in the global marketplace in the 21st century.

Hours before the House was expected to approve his program of well over $800 billion, largely along partisan lines and in the face of heavy criticism, Mr. Obama tried to convey his message far beyond the corridors of the Capitol and into boardrooms and living rooms. The future of the American economy rests less in his hands than it does “with American companies and workers,” Mr. Obama said.

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FOMC Statement for 28 Jan 2009

Release Date: January 28, 2009

For immediate release

The Federal Open Market Committee decided today to keep its target range for the federal funds rate at 0 to 1/4 percent. The Committee continues to anticipate that economic conditions are likely to warrant exceptionally low levels of the federal funds rate for some time.

Information received since the Committee met in December suggests that the economy has weakened further. Industrial production, housing starts, and employment have continued to decline steeply, as consumers and businesses have cut back spending. Furthermore, global demand appears to be slowing significantly. Conditions in some financial markets have improved, in part reflecting government efforts to provide liquidity and strengthen financial institutions; nevertheless, credit conditions for households and firms remain extremely tight. The Committee anticipates that a gradual recovery in economic activity will begin later this year, but the downside risks to that outlook are significant.

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The Next 100 Years

The Next 100 Years

By George Friedman

OVERTURE
An Introduction to the American Age

Imagine that you were alive in the summer of 1900, living in London, then the capital of the world. Europe ruled the Eastern Hemisphere. There was hardly a place that, if not ruled directly, was not indirectly controlled from a European capital. Europe was at peace and enjoying unprecedented prosperity. Indeed, European interdependence due to trade and investment was so great that serious people were claiming that war had become impossible—and if not impossible, would end within weeks of beginning—because global financial markets couldn’t withstand the strain. The future seemed fixed: a peaceful, prosperous Europe would rule the world.

Imagine yourself now in the summer of 1920. Europe had been torn apart by an agonizing war. The continent was in tatters. The Austro-Hungarian, Russian, German, and Ottoman empires were gone and millions had died in a war that lasted for years. The war ended when an American army of a million men intervened—an army that came and then just as quickly left. Communism dominated Russia, but it was not clear that it could survive. Countries that had been on the periphery of European power, like the United States and Japan, suddenly emerged as great powers. But one thing was certain—the peace treaty that had been imposed on Germany guaranteed that it would not soon reemerge.

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Obama Vows to Reach Out to Muslim World, Extend Peace Efforts

By Julianna Goldman and Kim Chipman

Jan. 27 (Bloomberg) — President Barack Obama pledged he would reach out to the Arab world and said efforts to broker peace in the Middle East must extend beyond the Israeli- Palestinian conflict.

Obama gave his first formal television interview as president to al-Arabiya, a Dubai-based Arabic-language television channel, last night in Washington. It was set to broadcast as his special envoy, George Mitchell, was flying to the Middle East on the new administration’s first diplomatic foray into the region.

Dispatching Mitchell demonstrates “that we’re not going to wait until the end of my administration to deal with Palestinian and Israeli peace, we’re going to start now,” Obama said, according to a transcript released by the White House. “We are going to follow through on many of my commitments to do a more effective job of reaching out, listening, as well as speaking to the Muslim world.”

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Will our business-centric budget benefit GLCs and big businesses more than consumers and working class citizens?

Written by Ng E-Jay
26 Jan 2009

A day after Finance Minister Tharman Shanmugaratnam delivered the 2009 Budget Speech in Parliament, the mainstream press was all over the shop heaping praise on the “bold”, “generous” and “decisive” budget that “scores on superlatives”.

The Finance Minister told Parliament that Budget 2009 will deliver a Resilience Package totalling an unprecedented $20.5 billion aimed at helping Singaporeans keep their jobs and developing infrastructure and capabilities for “Singapore’s next phase of growth”.

A closer examination of the budget reveals that it is very business-centric.

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Will the use of past reserves set a precedent for future drawdowns?

Written by Ng E-Jay
23 Jan 2009

The PAP Government has always been very adamant about using past reserves only as a last resort. In fact, as recent as February 2008, SM Goh Chok Tong told reporters at a charity Lunar New Year lunch: “The reserves are like a golden goose which lays golden eggs. And if you try and dig into the reserves, you’re actually in a sense not feeding the reserves and the goose gets smaller …. …. Produce the wealth first and the surpluses before we talk about sharing and never, never dig into the reserves. That’s like killing the golden goose to get the meat.” (Channel News Asia, “SM Goh says growing the economy is important for the future“, 17 Feb 2008)

SM Goh then did an about-face on 18 Jan 2009 when he revealed that the Government might draw on past reserves to help fund this year’s budget. He also told reporters at a Lunar New Year event at Marine Parade constituency: “The weather is so bad, and we’ve always said the reserves are for a rainy day. If this is not a rainy day, I don’t know what is a rainy day.” (Straits Time Online, “Govt may tap reserves “, 19 Jan 2009)

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My take on the key highlights of Budget 2009

Written by Ng E-Jay
23 Jan 2009

Finance Minister Tharman Shanmugaratnam delivered the 2009 Budget Speech at 3.30pm in Parliament on Thursday, 22 January 2009. He told Parliament that this year’s budget, aimed at helping Singapore through the worst recession since independence, is a significantly expansionary budget that will put us in deficit to the tune of 6% of GDP for fiscal year 2009 (before accounting for Net Investment Returns and transfers to endowments and trust funds).

Mr Tharman said that Budget 2009 will deliver a Resilience Package totalling $20.5 billion this year. One of the most important objectives of this package is to help Singaporeans keep their jobs and retain their ability to support their families. To achieve this, the package will focus on helping businesses retain workers by helping them meet their costs and strengthen their cash-flow, and by enhancing their competitiveness.

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Government’s pledge to protect foreign workers’ rights should go beyond mere empty talk

Written by Ng E-Jay
16 Jan 2009

Mr Yeo Guat Kwang, Chairman of the Migrant Workers’ Forum (MWF) at the National Trades Union Congress, has pledged to improve the lot of foreign workers in Singapore by educating them on their rights, such as what to do when problems involving late salary payments or housing issues arise. Mr Yeo Guat Kwang is an MP at Aljunied GRC.

Mr Yeo also urged the Manpower Ministry (MOM) to step up enforcement and not give employers the impression that enforcement is “not thorough enough“.

In recent months, foreign workers have complained about being unpaid, unfed, poorly housed, and in some cases, even abandoned.

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Government retains the same old climate of administrative discretion with regards to political films

Written by Ng E-Jay
11 January 2009

As my readers probably are aware by now, the Government, in its response to the recommendations made by the Advisory Council on the Impact of New Media (AIMS) on addressing the legal and regulatory issues associated with the Internet and New Media, has made it clear that the liberalization of the Films Act should be carried out in stages, and that only certain political films will not be banned. The Government’s detailed response, which was summarized by Dr Lee Boon Yang at a media conference on Fri 09 Jan, is uploaded here.

The philosophy underlying the Bloggers 13 recommendations on the liberalization of online political content is that attempts to prohibit or curtail the manufacture or distribution of online political content is unjustified in principle in the interest of free speech, and that the freewheeling and borderless nature of the Internet has rendered any attempts at Government control of online media ineffective. If rules are unenforceable in practice, they should be abolished. Furthermore, there are already adequate laws governing the areas of racial and religious hate speech and criminal defamation. These laws apply equally to both offline and online content, and hence there is no need for further laws over and above existing ones which give the Government too much administrative leeway to decide what content is permissible or not.

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Has the PAP Internet Brigade lost its teeth?

Written by Ng E-Jay
11 January 2009

The Government has responded to recommendations made by the Advisory Council on the Impact of New Media (AIMS) on addressing the legal and regulatory issues associated with the Internet and New Media. The Government’s response was summarized in a speech made by Dr Lee Boon Yang, Minister for Information, Communication and the Arts (MICA), at a media conference held on the morning of Fri, 09 Jan. The Government’s detailed response is uploaded here.

With regards to the Government’s response on the topic of e-engagement, my first reaction, albeit a little tongue-in-cheek, is: “Has the PAP Internet Brigade lost its teeth?

I am referring specifically to the Government’s rejection of AIMS’ recommendation that it engage voices outside of Government platforms in explaining its views and defending its policies.

The detailed response released by the Government states: “Firstly, it is not practical or feasible to respond to all blogs or forum postings. Fragmentation on the Internet has made it challenging for Governments to communicate effectively with the masses in the same way as is possible with traditional media … … The Government will require a huge amount of resources to e-engage on a multitude of online platforms. This would not be realistic or efficient.”

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Dr Chee’s response leaves CJ, AG and Law Minister in the dust

Written by Ng E-Jay
07 Jan 2009

At the opening of the legal year in the Supreme Court last week, Chief Justice Chan Sek Keong, Attorney-General Walter Woon and Law Minister K Shanmugam launched an all-out offensive against civil rights activists campaigning for democratic change in Singapore as well as foreign media which have criticized our judiciary and the rule of law here.

In particular, CJ Chan insinuated that activists in Singapore have attempted to undermine public confidence in the courts by making “false and scandalous allegations“, and AG Woon said that “that there appears to be a campaign by certain people both here and abroad to attack the integrity and independence of the Singapore courts“, that “it is not permissible to undermine the courts and judiciary for political or ideological reasons“, that these “appear to be part of a broader campaign to force a change in our laws by extra-legal means“. (ST link)

K Shanmugam, which is also the Second Minister for Home Affairs, noted that “in the last few years, there have been people who did not like certain laws and the way they showed it was to go out there and protest“, but he countered that “the way to change the law is to get elected politically and argue in Parliament why the law should be changed“. Denouncing civil rights activists who have sought to highlight the unfairness of certain laws and how the Constitution has been violated by selective application of these laws, Shanmugam remarked that “… an aggressive small group of people think they can change those laws by going out there and protesting and the courts have repeatedly emphasized they will apply the law as it is.

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SDP’s New Year Countdown: Another impressive display of solidarity

Written by Ng E-Jay
01 January 2009

The Singapore Democratic Party organized a New Year’s Eve countdown at Hong Lim Park on Wednesday night. The event was attended by around 100 supporters and well-wishers, including prominent personalities such as Sebastian Teo, Steve Chia, Ng Teck Siong, Mohd Jufrie Mahmood, and Tan Kin Lian.

It was another impressive display of solidarity, both within the Opposition camp, as well as with supporters, friends, and other activists.

Dinner consisting of hot dog buns, potato chips of various flavours, and thirst-quenching orange juice began at around 6.30pm, just as people were starting to stream in.

As I wolfed down a hot dog bun and gulped down my orange juice, I joked with Siok Chin about her love for tid-bits, as evidenced by the huge stacks of potato chips of all varieties and flavours which were laid out to satisfy her insatiable appetite for crispy snacks with little nutritional content.

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