Thursday, July 18, 2024

The Simpsons predicted Trump re-election, US economic collapse and WW3

"Donald Trump shouted, "Wait! Wait! to his security service details, who wanted him of the platform. where a gun came within millimetres of ending the former President's life. Trump stood up and got the image he wanted. It's him standing bloodied and unbowed. 

With that image, the Presidential race might already be over. I very much doubt the obviously failing Joe Biden or even a stand-in can save the situation for the democrat." 

That was the opening words by David Hearts, Editor-in-Chief for the Middle East Eye in his Tik Tok commentary for the foreign policy of new UK Prime Minister, Keir Starmer in the light of Trump re-election. 

Centuries earlier, French astrologer, Nostradamus predicted Donald Trump to be the 45th US President in 2016 and potential return of the "white dragon" in 2024 to bring the country into chaos caused by violence ad turmoil. So did the uncanny satirical sitcom, The Simpson's which predicted his re-election and an ensuing economic collapse.  

In the meanwhile, Nobel Laurette in Economics, Joseph Stigliez forecasted a Trump win will see higher inflation, lower growth and further inequality. Still short of a collapse, Stigliez is a New Keynesian in which his political comfort lies with the Democrats. 

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Tuesday, July 16, 2024

Did MACC's Director of Investigation allegedly "killed" Teoh Beng Hock?

Today is the anniversary of the death of Teoh Beng Hock. In the morning of July 16th, 2009, he was found dead on a rooftop adjacent to the 5th floor of Plaza Masalam, Shah Alam where MACC Selangor office was. 

There was a demonstration walk towards the Parliament yesterday and skirmishes broke out between the police and demonstrators with the usual exchanges of words

On the 15th anniversary, his death is not forgotten and continue to be remembered. The family still not given up to seek justice for him. A quote from Grover Cleveland, "A cause is worth fighting for worth fighting for till the end." 

And the same expected of the Najib diehards. 

Cynical of Lim Kit Siang and DAP's attitude of excessive politicizing of the death, this blogger was initially defensive of MACC. 

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Monday, July 15, 2024

Inflation concern override JP Morgan and Forbes appraisal

There was a bit of excitement on the economic front last week following JP Morgan re-rating Malaysia from an underweight rating since 2018 to neutral. Its a more encouraging news than the maintainance of rating by S&P Global at A- and Fitch as BBB+.

In the meanwhile, Forbes gave a glowing review for Anwar Ibrahim to credit him for turning around the economy. And, there have been positive indications on first quarter GDP growth, announced FDI, turnaround in export from 2023 decline, and lower unemployment for May.   

However, survey by Ipsos reported in June found 7 out of 10 Malaysians were pessimistic of the economy. Rising cost of goods and inflation arising from the anticipated "withdrawal" of subsidies contributed to it. Thus far its only diesel subsidy that was rationalise, not Ron 95 yet. 

Fahmi is already paranoid with public expressing their forecasted timeline for withdrawal of fuel subsidy. 

Market analysts does it all the time. Is he going to use MCMC against them especially with analysts expecting inflation to move higher in second half of 2024? Pursue government agency, MARC too?

Star Online today below:

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Friday, July 12, 2024

26 years after Reformasi: "Korupsi, kolusi dan nepotisme" remain at large

Between the gecko and the crocodile



INDONESIA has seen bigger corruption cases before but never this brazen.

A former minister allegedly used his ministry’s funds like his own piggy bank.

He went for umrah with his family, bought skincare and perfume for his daughter and granddaughter, gave his wife “pocket money”, threw a durian feast, organised a lavish circumcision ritual for his grandson and paid for his son’s monthly car installments – all using government money. He even allegedly put on the payroll a dangdut singer for almost two years.

The extent of his audacity is mind-boggling. It is unthinkable that anyone would believe he can get away with such acts.

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Thursday, July 11, 2024

Will PPBM retaliate with 11 BN MPs support Muhyiddin?

On June 27th last month as a pre-cursor to the Sungai Bakap by-election and to psyche voters, PAS member and Chairman of Muafakat Nasional, Annuar Musa predicted 11 BN MPs will "jump ship" by offering support to Muhyiddin should Parliament Speaker Johari Abdul not declare the 6 sacked PPBM MPs' seats as vacant.

This is not the first time Annuar have been crying wolf with the same theme to psyche supporting UMNO members. He made such prediction for August 4th and September 4th 2023, in which on both occasion it did not happen. 

No harm trying Annuar. 

He was immediately rebuked by Zahid's Political Secretary Razlan. And UMNO Secretary General, Asyraf Wajidi doubt any MP would dare

Apparently, Dewan Rakyat Speaker, Johari Abdul have made a decision that the six seats are not vacate and PPBM has given a press statement of protest. Muhyiddin gave his selective legal argument for sacked MPs as technically party hoppedargument for sacked MPs as technically party hopped.

Though in contrary to PAS's Kelantan assembly Speaker Nik Amar, who declared the Nenggiri state assembly seat as vacant, Johari chose to stick by the constitution and ignore PPBM amendment to their party constitution.      

Now that Johari has "thrown down the gauntlet", will Annuar be able to convince the 11 BN MPs do so?

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Tuesday, July 9, 2024

Lost to ISO certified candidate

PKR was given a nasty bite of reality for losing last Saturday's Sungai Bakap by-election. 

Not only Institiut Darul Ehsan's predication of a PH narrow win did not materialise, PAS widen their 2023 majority of 1,563 votes to 4,388 votes on a voters' turnout reduced from 74.6% to 61.7%. 

PKR's Election Director, Nurul Izzah blamed the defeat to racial and slanderous allegation against her father. PN unfairly accused Anwar for allegedly compromising on the Palestine cause and repeating past allegation of succumbing to IMF 

Penang Chief Minister Chow Koon Yeow immediately conceded defeat. He acknowledged public backlash towards urgently necessary subsidy rationalisation, rise in cost of living, basic public amenities problems, and failure to communicate. 

Problems with water, road condition, vernacular school request, and pig rearing cannot be redirected blame towards PAS. It takes a different significance when the 16,000 majority Nibong Tebal MP was appointed full Minister. 

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Saturday, July 6, 2024

Salam Maal Hijrah

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