Energy prices rise again. So do energy company profits. A happy coincidence? Hardly.
It seems to be this is a testament of how the market mechanism fails in the same way as what happened to the financial sector in 2008. Finance and banking companies draw out profits to pay their CEOs bonuses and shareholders dividends. There was and probably still is price fixing, collusion as well as other criminal activities. Can anyone draw a parallel between finance and energy markets? Nationalisation was a solution to many banking crises around the world. Time for UK energy nationalisation?
This is an e-logbook of my reflection of current affairs, consumed news and other media. I am also documenting my thoughts on various things around me - events, people, animals, phenomena, etc. I sometimes post questions, partly to get what I think off of my chest and partly to help improve my thought process. Words are such an easy tool to use to express oneself.
Friday, 25 October 2013
Politics of school playground
Do you see school playground politics playing out in your adult life? If you want to be part of the group, you have to conform or ex-communicate that singled out kid. In a person's lifetime, it's not rare to see the scenario play out numerous times in work amongst colleagues or between departments, at play with groups of friends and even in a family - the aunt who won't talk to that uncle and who's taking whose side, etc. For many people, it is more important to be in with the crowd than to be in the right. I notice that society teaches us less to be kind to others but more to 'achieve' and 'aim high' but it comes at a cost. Has it always been like this or has it worsen recently? I'm not sure.
I went to a children playgroup today. There are parents who will not consider others' but their own needs (to put it politely) and hence impressing upon their children that this is acceptable. Okay, this is not news but when the society develops tolerance towards graceless behaviours, the result is almost the same as an encouragement. I think this leads to a lot of wrongs in the world - the sufferings (through wars and conflicts), inequality (through self-serving policies and conducts and an unwillingness to change), cheating, corruption and so forth. We need the right virtues to be instilled in adults and children such as being respectful, considerate, selfless and kind. The problem is, unlike school grades, there isn't measurable key performance indicators for an achievement in these virtues. Nor is there material incentives for policy makers or educators to view this as a priority. As long as it is left aside, we will endlessly be dealing with social problems that money can't solve.
I am not all pessimistic though. I have experienced much genuine kindness in the past year when I was pregnant and after I have had a baby and I truly appreciate it. There is still hope after all.
I went to a children playgroup today. There are parents who will not consider others' but their own needs (to put it politely) and hence impressing upon their children that this is acceptable. Okay, this is not news but when the society develops tolerance towards graceless behaviours, the result is almost the same as an encouragement. I think this leads to a lot of wrongs in the world - the sufferings (through wars and conflicts), inequality (through self-serving policies and conducts and an unwillingness to change), cheating, corruption and so forth. We need the right virtues to be instilled in adults and children such as being respectful, considerate, selfless and kind. The problem is, unlike school grades, there isn't measurable key performance indicators for an achievement in these virtues. Nor is there material incentives for policy makers or educators to view this as a priority. As long as it is left aside, we will endlessly be dealing with social problems that money can't solve.
I am not all pessimistic though. I have experienced much genuine kindness in the past year when I was pregnant and after I have had a baby and I truly appreciate it. There is still hope after all.
Wednesday, 2 October 2013
Management needs to be careful about achieving targets at all costs
It is understandable that organisations should have performance indicators - measurable goals to work towards. However, by splitting and stacking the indicators further down the hierarchy, an organisation will likely favour managers who tend to focus on reporting up and alienate people who have genuine interest in the organisation goals.
Being target-driven and people-driven are not mutually exclusive but most humans have natural tendency towards one style or the other. In theory, managers may choose to recruit staff who have a different approach and style from theirs to complement what they lack. In reality, they look for staff whose values are the same as theirs. This leads to the organisation being tipped over in one direction and when it leans too far in the target-oriented direction, customer and staff dissatisfaction will soon emerge.
Management needs to be careful about achieving targets at all costs. It is particularly harmful in hierarchical organisations where multi-levels of managers focus solely on driving their team to deliver against their individual targets with no regards for the overall organisation objectives. When people at the top focus on fragmented deliverables and reward managers whose sole priority is to achieve internal targets and thus creating a target-driving culture, often it is at a cost of losing sight of the big picture.
These middle managers tend to spend more time with their superiors or peers than with their customers or service users and talk more about strategies and policies than goods or service quality. They may claim to internal audiences who might be their next recruiter in a different department to have achieved their job objectives and make a move up their career ladder. However, it is often found that they concentrate their effort on short-term (and often personal) goals, tend to work to the job, have no interest in collaborating with other colleagues (especially where credit might be shared), focus purely on being on the right side of their superiors and fail to develop and promote staff under their charge.
Organisations need to make sure that their top executive, through their strategic goals and implementation plan, maintain the right balance in their decision making as well as making a conscious effort to recruit middle managers from both camps.
Monday, 30 September 2013
While there is housing crisis, houses are being demolished as a symbolic gesture. What can we learn?
In recent cases of houses which have been demolished where there were criminal cases that people would rather erase from history. One of a couple in Derbyshire, UK who set fire to their own home to set the husband's mistress up for arson but ended up killing all 6 of their children sleeping in the house at the time. The other is the Ohio, US abductor who had held women and a girl whom he had abducted captive inside of the house for a number of years.
Both cases are a demonstration of horrendous things human is capable of inflicting on others. People abhor at these events. In interviews with their respective neighbours and the general public, there seems to be a consensus that the properties deservedly need to be torn down. In view of housing shortage, however, could these houses be better used for something useful such as housing homeless people, or used as an office premises for charity? There will be an argument that the memories of the cruelty would remain with the properties. On the other hand, we know of buildings that have been kept despite the gruesome history behind them such as houses with association with the holocaust, combats during wars, prisons that have been converted into hotels (e.g. Malmaison, Oxford, Hotel Katajanokka, Helsinki, Jailhotel, Luzern).
In societies where people still sleep in the street because they have no job, cannot afford renting a place, let alone owning one, can we afford perfectly, structurally sound buildings being torn down while letting people sleep rough with no roof over their heads?
Thursday, 5 September 2013
Human Exploitation
I went to view a property yesterday in Rusholme which is an area known for housing large Indian sub-continent immigrants and thus the main road running through it is nicknamed the 'Curry Mile' with hundreds of Indian restaurants and sweets shops lining the whole street. There used to be non-ethnic shops dotted around 12-13 years ago. These had long been overtaken by Indian catering businesses.
On arriving at the house, I was told by the estate agent that there are people living in the property. This doesn't deter me as from my experience viewing properties, it means that the owner or tenant can show buyers around and answer questions about the house or the area and they are often happy to do so. On this occasion, however, the estate agent was informed that the tenants are sleeping. This was 3pm when we got to the property. The estate agent asked reluctantly whether we want to still have a look at the bedrooms despite people sleeping in them at the time. The other viewer (a woman, also of Indian sub-continent descent but with native English accent) insisted on seeing them. I was hesitant and went inside to see the lounge, the kitchen and the bathroom. I decided not to see the rooms where people were sleeping.
It turned out that there must have been a minimum of 7 or 8 men sharing this 2-bed terraced house so there was no beds. Three or four men were lying the floor with blankets which seem to be used to designate each individual's 'bed'. I am not squeamish about the lack of beds which by my standard is not unusual, even in a cold country. Instead, the property was opened for us by another well-to-do man, again of Indian sub-continent descent driving a red Audi. I cannot say for certain that he was a 'handler' for these young men who work in Sanam restaurant (as gathered by the many plagues in the living room bearing Arabic writings with Sanam Sweet shop/restaurant name written on them in English) but it is quite curious as to what his role was, why he would not answer any of the viewer's questions and we were told that he was not the owner/vendor.
With living conditions such as this, one wonders what immigration status these men are in the U.K. under that they would accept sharing a tiny room of a couple of square meters with 3-4 other men and sharing one toilet with 6 or 7. Life cannot be very comfortable. I know that the notion of comfort can be relative but it still saddens me that people could be so exploited to allow one man a luxury of an expensive car which costs as much as the house that 7 or 8 others squat in and whose combined salary will not be enough to pay a market rate rent in a normal living condition, let alone to afford to buy it. And these men and their handler are probably of the same age and race.
The incident has certainly put me off buying this property which I had thought was occupied under normal circumstances. What will happen to these men when the property exchanges and the new owner wants them out? It has also put me off Indian sweets. The men probably need to make a living and they are probably pursuing their dreams of betting their lives. But they could very well be victims of human trafficking. By patronizing the trade, do you, by proxy, support the human exploitation?
On arriving at the house, I was told by the estate agent that there are people living in the property. This doesn't deter me as from my experience viewing properties, it means that the owner or tenant can show buyers around and answer questions about the house or the area and they are often happy to do so. On this occasion, however, the estate agent was informed that the tenants are sleeping. This was 3pm when we got to the property. The estate agent asked reluctantly whether we want to still have a look at the bedrooms despite people sleeping in them at the time. The other viewer (a woman, also of Indian sub-continent descent but with native English accent) insisted on seeing them. I was hesitant and went inside to see the lounge, the kitchen and the bathroom. I decided not to see the rooms where people were sleeping.
It turned out that there must have been a minimum of 7 or 8 men sharing this 2-bed terraced house so there was no beds. Three or four men were lying the floor with blankets which seem to be used to designate each individual's 'bed'. I am not squeamish about the lack of beds which by my standard is not unusual, even in a cold country. Instead, the property was opened for us by another well-to-do man, again of Indian sub-continent descent driving a red Audi. I cannot say for certain that he was a 'handler' for these young men who work in Sanam restaurant (as gathered by the many plagues in the living room bearing Arabic writings with Sanam Sweet shop/restaurant name written on them in English) but it is quite curious as to what his role was, why he would not answer any of the viewer's questions and we were told that he was not the owner/vendor.
With living conditions such as this, one wonders what immigration status these men are in the U.K. under that they would accept sharing a tiny room of a couple of square meters with 3-4 other men and sharing one toilet with 6 or 7. Life cannot be very comfortable. I know that the notion of comfort can be relative but it still saddens me that people could be so exploited to allow one man a luxury of an expensive car which costs as much as the house that 7 or 8 others squat in and whose combined salary will not be enough to pay a market rate rent in a normal living condition, let alone to afford to buy it. And these men and their handler are probably of the same age and race.
The incident has certainly put me off buying this property which I had thought was occupied under normal circumstances. What will happen to these men when the property exchanges and the new owner wants them out? It has also put me off Indian sweets. The men probably need to make a living and they are probably pursuing their dreams of betting their lives. But they could very well be victims of human trafficking. By patronizing the trade, do you, by proxy, support the human exploitation?
Tuesday, 27 August 2013
Pension
Long ago before the times of pension funds, people used to save for the rainy days, or for their future, or for their old age or they would make their own investment of the savings they have.
The invention of pension funds, although in itself isn't a vehicle for gambling by investment bankers, large firms, inside traders, etc, created the possibility for them to leverage bigger sums of money to 'invest'.
Despite the so called governance structure and having established trustees for each fund, we have now learned that people in the financial world will be guaranteed to invent financial instruments to make their gambling appear legitimate.
As long as we defer the custody of our future welfare by investing in pensions, we will forever be in the hands of investment bankers who use our money to 'gamble' to make their own gain when in profit and get bailed out when making losses.
The invention of pension funds, although in itself isn't a vehicle for gambling by investment bankers, large firms, inside traders, etc, created the possibility for them to leverage bigger sums of money to 'invest'.
Despite the so called governance structure and having established trustees for each fund, we have now learned that people in the financial world will be guaranteed to invent financial instruments to make their gambling appear legitimate.
As long as we defer the custody of our future welfare by investing in pensions, we will forever be in the hands of investment bankers who use our money to 'gamble' to make their own gain when in profit and get bailed out when making losses.
Friday, 3 May 2013
ออโรร่า
แม่มีความสุขมากที่สุดเลยที่ได้เห็นออโรร่ายิ้มให้แม่เป็นครั้งแรก แรก ๆ แม่ไม่คิดว่าแม่จะเป็นแม่ที่ดีให้กับหนูได้เพราะแม่คิดว่ามันยาก ต้องใช้ความอดทนสูง และต้องมีวินัยในตนเอง ซึ่งแม่ไม่มี แต่พอหนูโตขึ้นเรื่อย ๆ หนูทำให้เรื่องยากกลายเป็นเรื่องง่าย หนูยิ้ม หนูหัวเราะ หนูพูดคุย มันนำความสุขมาให้คนเป็นแม่อย่างไม่น่าเชื่อ และนอกจากนั้นหนูยังทำให้คนรอบข้างมีความสุขด้วย ทั้งพ่อคุณปู่คุณย่าคุณตาคุณยาย ทุกคนดีใจที่สุดที่หนูมาเกิด พอหนูโตขึ้นจะมีอีกหลายอย่างที่หนูต้องเรียนรู้และปฏิบัติตัวเพื่อเคารพผู้อื่นและรักคนรอบข้างซึ่งบางครั้งมันไม่ใช่เรื่องง่ายเพราะสังคมที่เราอยู่บางทีก็สอนให้คนคิดถึงแต่ตนเองเป็นหลัก แต่แม่เชื่อว่าออโรร่าจะเติบโตขึ้นเป็นคนดี มีความเมตตากรุณาต่อผู้อื่น เป็นที่รักของทุกคน
Saturday, 16 February 2013
Will human ever treat each other with respect?
How man can ever enslave another man and exploit them without guilt in their conscience I will never know. And the battle still continues for women, minorities (based on ethnicity, race, sexual orientation, etc) to gain rights enjoyed by others.
If we all treat each other with respect, introducing laws will only be a minor measure to create equality.
If we all treat each other with respect, introducing laws will only be a minor measure to create equality.
Retail will forever change if multinationals continue to operate under no country's laws
We will see more and more retail companies going bust as they csnnot compete with multinational outfits that exploit tax loopholes to avoid paying corporate tax. These firms post record revenue and profit year on year in the face of local economy meltdown and job losses. They will open warehouses and hire local people but only at the very lowest level, offering minimum pay and minimal work conditions. Isn't it time when governments got wised up or moved to clamp down these rogues? And watever happened to business ethics?
Friday, 8 February 2013
Since the society began to use written language in its operation more, it had become crucial for people to learn the written language whereas before the advent of it, people could function well enough with just spoken language. And there is numeracy and other "learned" skills that give one person an advantage over others. Recently there is information technology literacy that gives someone an edge in surviving and getting ahead in the modern world.
To create a level playing field, states provide compulsory education with curriculum which includes basic skills.But before too long, those with purchasing power will always find a way to become more competitive anyway - private education, special tuition, elite schools. In developing non-English speaking countries, the premium paid for private education offered in the English language at all levels from kindergarten school to university as well as sending your children to study abroad are perfectly sound investment.
Much of these knowledge and ability can be purchased, either through education or by outsourcing (hiring a financial advisor to manage one's finance and as always the case, to minimize one's tax liability) And the more advanced humans are, the richer one group of people become, through a vicious cycle of the rich buying know-how, insight and other means to build further wealth. The gap is getting wider and at exponential rate, between countries and in amongst the population within each country. Should it be public's interest to ensure national policy where equality is higher in the agenda than wealth development?
To create a level playing field, states provide compulsory education with curriculum which includes basic skills.But before too long, those with purchasing power will always find a way to become more competitive anyway - private education, special tuition, elite schools. In developing non-English speaking countries, the premium paid for private education offered in the English language at all levels from kindergarten school to university as well as sending your children to study abroad are perfectly sound investment.
Much of these knowledge and ability can be purchased, either through education or by outsourcing (hiring a financial advisor to manage one's finance and as always the case, to minimize one's tax liability) And the more advanced humans are, the richer one group of people become, through a vicious cycle of the rich buying know-how, insight and other means to build further wealth. The gap is getting wider and at exponential rate, between countries and in amongst the population within each country. Should it be public's interest to ensure national policy where equality is higher in the agenda than wealth development?
Subscribe to:
Posts (Atom)