Archive for September, 2005

UNBELIEVABLE – Cash Cow Theory Proven Beyond Doubt


2005
09.28

Dr Nelson’s push for Voluntary Student Unionism has taken another dramatic and unbelievable turn with the recent introduction of ESOS Act amendment bill 2005. What strikes me the most about the amendment is this clause:

(2) A registered provider does not breach its obligations under this Act or any other Act relating to education by charging overseas students, or intending overseas students, an amount as part of the student’s tuition fee, if the amount is for any action the provider is required to undertake because of this Act or the national code.
Note: The heading to section 18 is replaced by the heading “Payments to registered providers”.

What it’s saying is basically the Government intends to allow the university to charge international students for services required by the Act to be provided to the international students.

The debate around the media has been tied to the local students’ plight to have compulsory union fees which international students pay as well. This debate centers on the idea why international students can pay for those services but local students dont. Obviously while this is discriminatory, the debate misses one crucial fact: International Students have been paying extra for those services!!

The naivety and stupidity of the Government is highlighted by this comment in The Australian:

A spokesman for Dr Nelson said the existing Education Services for Overseas Students Act had always obligated universities to offer these services to full-fee-paying international students.

“These technical changes continue that requirement,” he said.

“Is the Labor Party now seriously suggesting that Australian students and taxpayers should subsidise the services that universities are required to provide to international full-fee paying students?”

Whoever this spokesman is obviously does not understand his own argument. Obviously the most straightforward comparison that any Tom, Dick and Harry can easily do is by looking at the tuition fees charged by universities to international students and their full fee paying local counterparts (these full fee paying students are NOT subsidised by Australian taxpayers, thats why its called FULL FEE). I did a small comparison table on this:

fee comparison

As you can see, there already exists fee differential between the two categories of students. One can only assume that the difference between the two is because of the extra requirements and services that the Universities should/must provide to the overseas students because of the extra duty of care that the universities undertake in recruting overseas student instead of local student.

For this very reason, the legislation that allows universities to charge a SEPARATE fee for those services is naive, stupid and unnecessary because the market place has already sorted that out in the first place – the universities have already built-in those costs into their fee schedules. To legislate for another charge means that it is essentially double charging!!!

Why Indonesians have to produce more babies


2005
09.20

The Jakarta Post – An Indonesian bears $600 in debt

The fact that one in five Indonesians still lives on less than US$1 a day is made even gloomier by the fact that every person in the country — including those extremely poor and even newborn babies — already has nearly Rp 6 million (US$600) in debt to shoulder.

Such a sad, but true reality was unveiled on Monday when Minister of Finance Jusuf Anwar told the House of Representatives’ Commission XI for financial affairs that Indonesia’s outstanding debt through this year’s first quarter amounted to Rp 1.28 quadrillion (some US$128 billion), or 52 percent of the 220-million population’s gross domestic product (GDP).

Let me apply my extensive knowledge of economics to resolve this issue once for all.

The main trust in any result oriented solution would be to ensure that future generations (i.e. unborn babies) will eventually be free from debt or at least have a lesser debt burden.

There are two things that the government can do:

1. Enhance the debt scheduling management to ensure that debt reduction program would be able to substantially reduce if not eliminate the debt by 2010.

This is quite unlikely to be achieved especially knowing that nearly half of the debt is in foreign currency and the volatility of Rupiahs would hinder the pace of this program.

2. Encourage Indonesians to produce more babies.

This is a practical reality as it is Indonesia’s greatest competitive advantage. By having more babies, we can ensure that the debt level that has to be shouldered per person will be drastically reduced without the help of foreign intervention (yes, there are enough productive males and females in Indonesia).

So, I rally all Indonesians to get behind the country and produce more babies!!

Politically charged Google


2005
09.17

Here is some fun for you:

1. Load a Google homepage in a new browser/tab
2. Type the word “Failure” and click.. I’m Feeling Lucky
3. Have a laugh
4. Return back to Google page
5. Retype the word “Miserable Failure” and click I’m Feeling Lucky
6. Have a laugh

[DO NOT CONTINUE READING BELOW THIS LINE UNLESS YOU HAVE DONE THE ABOVE, IT WON'T BE "FUN" ANYMORE]

(more…)

eBay + Skype = lethal


2005
09.12

i used to be involved in a case competition team analysing eBay’s then potential acquisition target – Paypal. with Paypal, it made a lot of sense as there were lots of synergies created through the vertical integration of both service offerings. but, i was skeptical when a rumour started about potential eBay’s intention to acquire Skype. i thought that it was outside eBay’s core competency. but hey, when you are a fast growing company with $2.6b in cash waiting to be spent, you have to invest and invest and invest.

now the rumour is news because eBay has officially acquired Skype for $2.6b (cash and stock). it could be a very pricey acquisition, but the potential synergies are too great to ignore. you wont be surprised if part of a bidding proces in eBay, you could be conducting a teleconference all over the world, with new integrated eBay features in the Skype’s platform. it will truly change the face of online auction forever. i guess at that time, it would makes more sense for Google to acquire Skype until it released its own GoogleTalk (it could be that Google was losing the bidding battle).

eBay + Skype like the title suggests is indeed a lethal combination. Skype has defined the future of telecommunication industries. and those who have read Yergin’s Commanding Heights know that the nature of the industry in commanding great influence and power over daily lives. perhaps, the convenience of picking up a handset is still a barrier for the Skype’s uptake but the standardisation of protocols and the realisation by developers on the need of open source platform can only improve the integration and interoperability of this great technology. afterall, more and more people have computers esp laptop with ADSL connections as constant fixtures in their daily lives.

this is really exciting!!

Tips #2: free trance – iiNet users only


2005
09.10

if you are an iiNet ADSL customers, and you want trance (or any other music for that matter) 24/7 that do not count towards your quota, open up your itunes (& Ctrl-U) or winamp (& Ctrl-L) and remember these important addresses: (the ones in bold are my faves)

http://trance.iinet.net.au:8001/ – D I G I T A L L Y – I M P O R T E D – European Trance, Techno, Hi-NRG… we can’t define it!

http://trance.iinet.net.au:8002/ – Bassdrive – Music Beyond – 24/7 Drum and Bass Jungle Radio Featuring Live Shows

http://trance.iinet.net.au:8003/ – SmoothJazz.com – The world’s best Smooth Jazz – live from Monterey, Calif.

http://trance.iinet.net.au:8004/ – M O S T L Y – C L A S S I C A L – Relax… it’s good for you! (powered by Digitally Imported)

http://trance.iinet.net.au:8005/ – P h i l o s o m a t i k a – 100% Psychedelic Trance – Get your stomp on!

http://trance.iinet.net.au:8006/ – [radio.wazee] modern alternative rock (www.wazee.org)

http://trance.iinet.net.au:8007/ – ChroniX Aggression – Loud & Clear – www.chronixradio.com

http://trance.iinet.net.au:8008/ – Virgin Radio – todays best music and classic tracks, live from London, UK

iiNet is THE best.

the ethics of bloggin


2005
09.05

i guess in this day and age, there is a blurry gray line between freedom and privacy .

some people will just never learn choose to ignore.

CJ Rehnquist – RIP


2005
09.04

In another sad news from the land of the free, CJ Rehnquist has passed away, ending a remarkable 33 years of service at the bench with 19 years as the Chief Justice, oversaw 7 years of administration, and became the second person in history to preside over presidential impeachment.

This has created a challenging opportunity for President Bush to nominate his replacement. It wouldn’t be an easy job to find a person to fill in his shoes. Even Judge Roberts hasn’t been confirmed yet to replace O’Connor who left the bench earlier this year.

Some of CJ Rehnquist’s highlights include:

-one of the two dissenters in Roe v Wade
-broke rank with conservatives over states’ rights
-believed in judicial restrain, thus strict interpretation of the US Constitution
-supported death penalty, homosexual rights and fierce defender of free speech

A good man has returned to his resting place. May he find comfort and an eternal life.

CJ Rehnquist – Rest in Peace!!

The ultimate weapon against men


2005
09.03

‘Penis flytrap’ on sale – World – theage.com.au

An ordinary South African woman prompted to action by the high number of rapes around the country this week launched a weapon against a crime to which grandmothers, infants and little girls often fall victim.

Dubbed “the penis flytrap” by South African media, the plastic and latex device in the shape of a condom is designed to fit inside a woman’s vagina. It is inserted and removed with an applicator as with a tampon.

In the event of penetration, a razor-sharp network of “teeth” with which it is fitted becomes embedded in the man’s penis, causing severe pain.

Once attached, the device can only be removed surgically.

the ‘cool’ thing about this devise is its selling for only 1 Rand (AUD 20 cents).

I was just chatting to Shan and he told me exactly the same thing i was thinking:

imagine if u had a girlfrend and u pissed her off…and then she did that as payback…

yes indeed…. i can only ‘imagine’!