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 19 Mar 08 1:38 pm |
| Anonymous wrote: | I'm talking about private property being over priced, specifically about mass market private property being over priced .. they are beyond the affordability of the mass of the population .. that the mass of the population should not be deceived or lured or even cornered into buying these over-priced private properties cos they will suffer .. maybe they'll find themselves still indebt when they can no longer work ... Singaporeans have the right to a better quality of life, than just slaving like dogs to pay off their homes .. quality of life is definitely NOT higher property price but more time to do things that make one happy, more time to bring up our children, more time to spend with our families .. what is the good of a beautiful condo even you've to work late, long hours and hardly ever home .. that is a better place to live
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i think you talk sense. |
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19 Mar 08 1:56 pm |
| Anonymous wrote: | I'm talking about private property being over priced, specifically about mass market private property being over priced .. they are beyond the affordability of the mass of the population .. that the mass of the population should not be deceived or lured or even cornered into buying these over-priced private properties cos they will suffer .. maybe they'll find themselves still indebt when they can no longer work ... Singaporeans have the right to a better quality of life, than just slaving like dogs to pay off their homes .. quality of life is definitely NOT higher property price but more time to do things that make one happy, more time to bring up our children, more time to spend with our families .. what is the good of a beautiful condo even you've to work late, long hours and hardly ever home .. that is a better place to live
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well no choice leh
everyone also have to work long hours leh
i think nothing wrong to own a good house
A house is something that after work , come back to relax
enjoy the view etc
After all , work so hard , must pamper ownself mah
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19 Mar 08 2:35 pm |
| Anonymous wrote: | | Anonymous wrote: | I'm talking about private property being over priced, specifically about mass market private property being over priced .. they are beyond the affordability of the mass of the population .. that the mass of the population should not be deceived or lured or even cornered into buying these over-priced private properties cos they will suffer .. maybe they'll find themselves still indebt when they can no longer work ... Singaporeans have the right to a better quality of life, than just slaving like dogs to pay off their homes .. quality of life is definitely NOT higher property price but more time to do things that make one happy, more time to bring up our children, more time to spend with our families .. what is the good of a beautiful condo even you've to work late, long hours and hardly ever home .. that is a better place to live
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well no choice leh
everyone also have to work long hours leh
i think nothing wrong to own a good house
A house is something that after work , come back to relax
enjoy the view etc
After all , work so hard , must pamper ownself mah
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siao A
you think come back to 3 room HDB no relax ar???
no need private property to relax lah !!!
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19 Mar 08 3:30 pm |
| Anonymous wrote: | | Anonymous wrote: | I'm talking about private property being over priced, specifically about mass market private property being over priced .. they are beyond the affordability of the mass of the population .. that the mass of the population should not be deceived or lured or even cornered into buying these over-priced private properties cos they will suffer .. maybe they'll find themselves still indebt when they can no longer work ... Singaporeans have the right to a better quality of life, than just slaving like dogs to pay off their homes .. quality of life is definitely NOT higher property price but more time to do things that make one happy, more time to bring up our children, more time to spend with our families .. what is the good of a beautiful condo even you've to work late, long hours and hardly ever home .. that is a better place to live
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well no choice leh
everyone also have to work long hours leh
i think nothing wrong to own a good house
A house is something that after work , come back to relax
enjoy the view etc
After all , work so hard , must pamper ownself mah
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YOu retarded is it???
dun talk crap lar
dun look down on people not owning private property!!!
Why living in HDB can relax meh !!!
Buzz off lar
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19 Mar 08 8:12 pm |
If is relax, the followers who stay HDB keep putting 3 smiley faces don't have to keep coming back & complaining overpriced liao lah...
He also dream of private property leh & don't have to bullshit what 3-rm HDB also can relax lah!!
When "cut & paste" bad news he so happy... must be Missed the Boat & Sour Grapes lah!! Want to bullshit who?? |
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19 Mar 08 10:22 pm |
| Anonymous wrote: | If is relax, the followers who stay HDB keep putting 3 smiley faces don't have to keep coming back & complaining overpriced liao lah...
He also dream of private property leh & don't have to bullshit what 3-rm HDB also can relax lah!!
When "cut & paste" bad news he so happy... must be Missed the Boat & Sour Grapes lah!! Want to bullshit who?? |
siao A
YOu retarded is it???
Why you so kapo,
dun talk crap lar
talk that to your own friends or watever lar
Buzz off lar |
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19 Mar 08 10:42 pm |
| Anonymous wrote: | | Anonymous wrote: | If is relax, the followers who stay HDB keep putting 3 smiley faces don't have to keep coming back & complaining overpriced liao lah...
He also dream of private property leh & don't have to bullshit what 3-rm HDB also can relax lah!!
When "cut & paste" bad news he so happy... must be Missed the Boat & Sour Grapes lah!! Want to bullshit who?? |
siao A
YOu retarded is it???
Why you so kapo,
dun talk crap lar
talk that to your own friends or watever lar
Buzz off lar |
Why want to buzz off so fast??
Why! I manage to guess what's in your mind right??
Why not you forget about your condo dream than you will relax liao loh!! |
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19 Mar 08 10:59 pm |
| Anonymous wrote: | | Anonymous wrote: | | Anonymous wrote: | If is relax, the followers who stay HDB keep putting 3 smiley faces don't have to keep coming back & complaining overpriced liao lah...
He also dream of private property leh & don't have to bullshit what 3-rm HDB also can relax lah!!
When "cut & paste" bad news he so happy... must be Missed the Boat & Sour Grapes lah!! Want to bullshit who?? |
siao A
YOu retarded is it???
Why you so kapo,
dun talk crap lar
talk that to your own friends or watever lar
Buzz off lar |
Why want to buzz off so fast??
Why! I manage to guess what's in your mind right??
Why not you forget about your condo dream than you will relax liao loh!! |
siao A
YOu retarded is it???
Why you so kapo,
dun talk crap lar
talk that to your own friends or watever lar
Buzz off lar |
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20 Mar 08 11:32 am |
Oil Falls on Concern Potential U.S. Recession May Limit Demand
By Christian Schmollinger
March 20 (Bloomberg) -- Crude oil fell in New York for a second day after a U.S. government report showed demand dropped, raising concerns an economic slowdown is crimping consumption.
Total implied fuel demand averaged 20.3 million barrels a day in the past four weeks, down 3.2 percent from a year earlier, the Energy Department said yesterday. Oil has surged to a record this year even though analysts forecast that consumption will increase less than in 2007.
``It's easy to see that demand hasn't been as good this year, the economy is weaker and prices are higher,'' said Rowan Menzies, head of research at Commodity Warrants Australia Ltd. in Sydney. ``The price was far too high for what lay ahead of it, which was sliding demand.''
Crude oil for May delivery fell as much as 88 cents, or 0.9 percent, to $101.66 a barrel in after-hours trading on the New York Mercantile Exchange. It was at $101.99 at 9:40 a.m. Singapore time. Oil is up 80 percent from a year ago.
Yesterday, April futures fell $4.94, or 4.5 percent, to expire at $104.48 a barrel in the biggest one-day decline since Aug. 6. The May contract dropped 5.5 percent. Futures rose to $111.80 on March 17, the highest since trading began in 1983.
Gold, platinum and wheat fell along with other commodities traded in New York and Chicago. Over the past month metals and grains surged to records as cuts in U.S. interest rates sent the dollar to an all-time low against the euro.
The Federal Reserve reduced the overnight-lending rate 75 basis points to 2.25 percent on March 18. The Fed said ``the outlook for economic activity has weakened'' as it cut rates.
Demand Declines
Demand for crude oil typically declines from April to June as refineries shut for maintenance ahead of the rise in consumption during the Northern Hemisphere summer, when drivers travel for vacations.
Brent crude for May settlement fell as much as 90 cents, or 0.9 percent, to $99.82 a barrel on London's ICE Futures Europe exchange. It was at $100.10 at 9:41 a.m. Singapore time.
The contract yesterday declined $4.84, or 4.6 percent, to $100.72. Futures reached a record $107.97 a barrel on March 17.
Oil supplies rose a less-than-estimated 133,000 barrels to 311.8 million as imports fell, the report showed. Crude-oil inventories were forecast to rise 2.25 million barrels, according to the median of 15 responses in a Bloomberg News survey. It was the ninth gain in 10 weeks.
``We had a sharp drop in crude imports last week, which explains the smaller-than-expected gain in supplies,'' said Tim Evans, an energy analyst at Citigroup Global Markets Inc. in New York. ``Import numbers have been all over the place and there's no reason to believe this drop is related to any lack of production.''
Imports Plunge
Imports of crude oil plunged 10 percent to 9.47 million barrels a day, the report showed. It was the biggest drop since the week ended Oct. 19. Petroleum-product imports declined 6.1 percent to 3.1 million barrels a day.
Refineries operated at 83.8 percent of capacity last week, down 1.2 percentage points from the week before, according to the report. Refineries were expected to operate at 85.3 percent of capacity last week, according to the Bloomberg survey.
U.S. crude-oil inventories in the week ended March 14 were 1.1 percent above the five-year average for the period, the department said. Gasoline supplies were 10 percent above the five-year average.
Gasoline stockpiles fell 3.45 million barrels to 232.5 million last week, the report showed. Analysts were split over whether the report would show an increase or decline
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20 Mar 08 5:20 pm |
| God saves you and me. |
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20 Mar 08 11:27 pm |
UK banks meet Bank of England as industry jitters persist
LONDON - Liquidity, rumour-mongering and housing market troubles top the list of subjects for discussion when Britain's top bankers meet senior officials from the Bank of England on Thursday.
They run the risk of talking into the Easter holidays such is their full agenda, as Britain's banking industry, already facing its toughest period for over a decade, was rattled on Wednesday by speculation that a bank was facing liquidity problems.
HBOS, the country's biggest mortgage provider, bore the brunt of the chatter and its shares crashed 17 per cent.
HBOS slammed the rumours and authorities joined in with an unprecedented public reaction. The BoE said no bank was in trouble and the Financial Services Authority warned it will hunt out people spreading 'unfounded rumours'.
The quick reaction from authorities showed investors remain jittery about UK banks, and also that authorities are more alert to worries than six months ago, when they were criticised for a slow reaction to a crisis at mortgage lender Northern Rock, since nationalised.
Britain's biggest bank sector victim so far is Northern Rock, also hit by a shortage of liquidity in financial markets, that remains at the heart of industry concerns as banks stop lending to each other.
How the BoE can lubricate the system and restore confidence will therefore dominate much of Thursday's meeting.
Chief executives or senior directors from the 'Big 5' banks - HSBC, Royal Bank of Scotland, Barclays, Lloyds TSB and HBOS - are expected to meet BoE officials, including Governor Mervyn King, for a 'regular exchange of views'.
The meeting was only called last week, however, and little in banking at present can be considered routine. Details of the meeting have not been released.
A sharp cut in US interest rates this week and other measures to boost liquidity by central banks have provided only temporary comfort for banks there.
The BoE added an extra 5 billion pounds (US$10 billion) to its normal weekly lending operation on Thursday in an effort to boost UK confidence, after offering the same amount in an exceptional operation on Monday.
The interbank cost of borrowing three-month sterling hit a fresh high for the year of 5.98 per cent on Wednesday, after rising for nine straight days as worries about counterparty risks have left banks wary about lending to one another.
That has helped fuel the increased speculation about banks potentially in trouble.
Authorities are concerned that speculators can benefit from wild gyrations in share price and spread false information and banks and the BoE will discuss how to quell the talk early without creating a daily feeding frenzy.
There are also broader economic issues, and banks could encourage policymakers to kick-start the faltering economy with an interest rate cut next month.
Britain's housing market has cooled and there are concerns it will deteriorate further as consumer confidence erodes.
Other issues that could be addressed include the exposure of banks to risky financial assets and the impact on capital positions; the competition they face from state-owned Northern Rock; and changes to the Tripartite system of bank regulation. -- REUTERS |
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21 Mar 08 7:47 am |
| Anonymous wrote: | I'm talking about private property being over priced, specifically about mass market private property being over priced .. they are beyond the affordability of the mass of the population .. that the mass of the population should not be deceived or lured or even cornered into buying these over-priced private properties cos they will suffer .. maybe they'll find themselves still indebt when they can no longer work ... Singaporeans have the right to a better quality of life, than just slaving like dogs to pay off their homes .. quality of life is definitely NOT higher property price but more time to do things that make one happy, more time to bring up our children, more time to spend with our families .. what is the good of a beautiful condo even you've to work late, long hours and hardly ever home .. that is a better place to live
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Seems like you are talking about yourself leh...
Overpriced? You cannot afford is it... so to you overpriced issit?
Ppl keep buying & you just keep watching... you cannot tahan issit??
You have to work like a dog & work till very late... than "maybe" can afford to buy private property issit??
You talk so much... I think JB or Batam is very suitable for you lah... over there, I can confirm you can even buy a landed house for yourself, yet can make full payment, & can spend alot of time with you family lah! |
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21 Mar 08 9:35 am |
Citigroup Cuts 2,000 More Jobs in Securities Division (Update5)
By Bradley Keoun and Joyce Moullakis
March 20 (Bloomberg) -- Citigroup Inc. will cut 2,000 more trading and investment-banking jobs as the collapse of the subprime mortgage market puts the biggest U.S. bank on track for its second-straight quarterly loss.
The reductions are in addition to about 4,000 disclosed in January, a person familiar with the plan said. They add up to about 10 percent of the staff in Citigroup's securities division, said the person, who declined to be identified because the bank hasn't formally announced the decision. Most of the cuts will take place by the end of March.
Wall Street firms have fired more than 30,000 employees in the last seven months as the U.S. housing market contracted and the price of mortgage-related assets plummeted. Citigroup has lost almost half its market value since October, costing Chief Executive Officer Charles ``Chuck'' Prince his job and forcing his successor, Vikram Pandit, to raise about $30 billion from outside investors.
``When it comes to Citi, what you're going to see for the next year is layoffs,'' said Jeanne Branthover, managing director of Boyden Global Executive Search in New York. ``Every financial services firm is on red alert.''
Citigroup posted a loss of almost $10 billion in the fourth quarter, the biggest in its 196-year history, and analysts expect another loss this quarter. The company's shares climbed $2.09, or 10 percent, to $22.50 as of 4:10 p.m. in New York Stock Exchange composite trading. They're down 24 percent this year.
Pandit's Review
Pandit, who stepped in last December, says he's traveled as far as Warsaw, Istanbul and Seoul in a ``front-to-back'' review of the company's expenses and businesses. In January, the bank said it would take a $337 million after-tax restructuring charge to eliminate 4,200 jobs. Most of those were in the trading and investment-banking division.
Citigroup had 374,000 full-time employees as of Dec. 31. The company's Institutional Clients Group, which includes trading and investment banking as well as hedge-fund management, has about 60,000 employees worldwide.
The new round of cuts will be spread across offices in New York and London as well as smaller sites in Asia and Europe, the person familiar with the matter said.
``Each year we identify the bottom 5 percent of performers in the Institutional Clients Group, and some number of these people leave the firm,'' the bank said in an e-mailed statement today. ``This year we will have a larger number of reductions as we continue to strengthen the business and lower our expense base.''
Job Outlook
Citigroup doesn't expect significant additional job cuts this year in the investment-banking division, though that may change if markets worsen, according to the person familiar with the plans.
The job cuts were reported earlier today by the New York Times.
The Institutional Clients Group posted a $4.6 billion loss last year, compared with an $8.4 billion profit, or almost 40 percent of the total, in 2006. Earlier this week, Pandit installed longtime associate and former Morgan Stanley colleague John Havens as the group's new head. Prince had promoted Pandit into that position last October, when former trading chief Thomas Maheras quit.
``The business has gone away so you don't want to have an overloaded investment bank,'' Punk Ziegel & Co. analyst Richard Bove said. He rates the bank a ``buy.'' ``I think Citigroup is going to lose 30,000 people before this is all over.''
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21 Mar 08 9:40 am |
| The world only got one bank?? |
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21 Mar 08 9:43 am |
yep lor the world only one bank hahahaha
all sporeans put the money into that bank one ar???
wow auntie aund uncle also know those bank one
???
Later i go and ask them !!! |
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21 Mar 08 10:20 am |
Fed Bypasses Emergency-Loan Policy on Rate for Securities Firms
By Scott Lanman
March 20 (Bloomberg) -- The Federal Reserve bypassed its own emergency-lending policies to let securities firms borrow at the same interest rate as commercial banks as the central bank sought last weekend to stave off a financial-market meltdown.
Guidelines revised in 2002 say the Fed should charge non- banks more than the highest rate that commercial banks pay. Instead, Chairman Ben S. Bernanke and his colleagues, in emergency votes on March 16, invoked broader authority in the Federal Reserve Act to give Wall Street dealers the same rate as banks, a Fed staff official said on condition of anonymity.
Backstopping securities firms, coupled with last week's action to keep Bear Stearns Cos. afloat before its sale to JPMorgan Chase & Co., represent the central bank's first lifelines to institutions other than banks since the Great Depression.
``They certainly pushed the limit,'' said Brian Sack, a former Fed researcher who is now senior economist at Macroeconomic Advisers LLC in Washington. The law probably has ``enough gray area'' to allow the decision, he said.
Bernanke raced to unveil the steps before trading on the Tokyo Stock Exchange began on March 17. The weekend action, timed to complement JPMorgan's rescue of Bear Stearns, included a cut in the so-called discount rate and the opening of borrowing to the primary dealers in Treasury securities, not all of which are banks.
Regulatory Navigation
``They used what authorities they thought they had and went ahead,'' said Oliver Ireland, who worked as a Fed counsel for more than two decades and is now a partner at Morrison & Foerster in Washington. ``From a public-policy standpoint, if this is important to do, you wouldn't want to be tripped up by your own regulatory structure.''
The changes were the Fed's most aggressive response to the 8-month-old credit squeeze that's worsening the housing recession and the economic slowdown. Bear sought the Fed's help after a run on the firm, the second-largest underwriter of U.S. mortgage-backed securities.
Not every former Fed employee was as forgiving. The Fed's haste in setting aside its own guidelines is ``troubling,'' said Vincent Reinhart, who worked at the central bank between 1983 and 2007 and is now a scholar at the American Enterprise Institute in Washington.
``The regulation is very clear as to the circumstances of the loan, and it is odd that they wouldn't apply a regulation that would seem to encompass what they want to do,'' said Reinhart, who served as head of the Division of Monetary Affairs under Bernanke and his predecessor Alan Greenspan.
Imposing Penalty
The 2002 guidelines say that non-banks may only receive emergency cash ``at a rate above the highest rate in effect for advances to depository institutions.'' That means securities firms may normally have to pay more than the current 3 percent rate reserved for banks that are less financially sound.
In deciding to charge securities firms such as Goldman Sachs Group Inc., Morgan Stanley and Lehman Brothers Holdings Inc. the same rate as commercial banks, the Fed used 1920s-era authority provided by Congress to set interest rates that the law says ``shall be fixed with a view of accommodating commerce and business,'' the Fed staff official said.
The Fed will give the first glimpse of how much banks and securities firms are borrowing under the new programs when it releases weekly money supply data at 4:30 p.m. in Washington.
Seeking Order
In its March 16 statement, the Fed said the lending was ``designed to bolster market liquidity and promote orderly market functioning. Liquid, well-functioning markets are essential for the promotion of economic growth.''
The Fed reduced the primary discount rate March 18 by 0.75 percentage point to 2.5 percent. The secondary rate, offered to more-distressed banks, is a half-point higher, at 3 percent.
The federal funds rate, the more closely-watched U.S. short-term benchmark, was cut by the same margin to 2.25 percent.
In December, the Fed went around requirements for prior notice and public comment when writing the regulations to authorize new funding auctions. The Fed's statement then said any delay caused by following standard procedures would have been ``contrary to the public interest.''
The central bank's regulations were revised in 2002, as part of a decision to make the discount rate higher instead of lower than the federal funds rate, removing a long-standing subsidy.
The Fed hadn't previously taken advantage of the power to let individuals, partnerships and companies borrow since the 1960s, when it authorized lending to savings institutions that weren't covered by the Fed at the time. The banks didn't draw on the loans.
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21 Mar 08 10:41 am |
I cant imagine followers so free one
even Good Friday also come and copy and paste USA news!!!
Dont u ppl haev a life at all???
Why not spent time with your family ?
I really think u ppl got a serious problem
Ppl want to buy or not buy does it concern u ppl
Go and spent some time with your loves one
You ppl are really crazy about all this USA news
Even Stock market close for trading today
yet u ppl are more active sia
O my goodness |
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21 Mar 08 10:45 am |
| Anonymous wrote: | I cant imagine followers so free one
even Good Friday also come and copy and paste USA news!!!
Dont u ppl haev a life at all???
Why not spent time with your family ?
I really think u ppl got a serious problem
Ppl want to buy or not buy does it concern u ppl
Go and spent some time with your loves one
You ppl are really crazy about all this USA news
Even Stock market close for trading today
yet u ppl are more active sia
O my goodness |
yep tis group of ppl are really crazy over it
got nothing better to do in life
must be a bunch of failures in life |
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21 Mar 08 10:54 am |
| Anonymous wrote: | | Anonymous wrote: | I cant imagine followers so free one
even Good Friday also come and copy and paste USA news!!!
Dont u ppl haev a life at all???
Why not spent time with your family ?
I really think u ppl got a serious problem
Ppl want to buy or not buy does it concern u ppl
Go and spent some time with your loves one
You ppl are really crazy about all this USA news
Even Stock market close for trading today
yet u ppl are more active sia
O my goodness |
yep tis group of ppl are really crazy over it
got nothing better to do in life
must be a bunch of failures in life |
siao A
YOu retarded is it???
Why you so kapo,
dun talk crap lar
talk that to your own friends or watever lar
Read .... if you don't like ... ignore it.
Buzz off lar |
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