Uma Thurman: "Reality is an Illusion"

Uma 

“Reality is an illusion – that’s the principle of ancient Buddhist thought,” Uma continues. “And the basic idea of being reborn is that you erase the memory. Everybody is interconnected, and you’re working out your karma with people – so you get erased, but all work left undone has to be completed.”

Martin Audio M800

After I left Singapore, I sold most of my DJ equipment to Minzi and wasn’t sure whether to pursue DJing. When I was running Trance Republic between 2000 to 2005, it took up a lot of our time and I felt it wasn’t worth it at some stages.

Well after thinking about it for 6 months it is clear that Hong Kong’s dance scene is boring and they need another trance DJ. I have so many tunes to share with them.

I just placed an order for 2 Pioneer CDJ1000MK3s on Friday and bought an amplifier yesterday. I’m really happy with the amplifier, because I thought and considered what to buy. Most people use an amplifier like Pioneer, Denon, Yamaha etc. Something which they use for normal hi-fi use. I thought about it and as I was really happy with my Arcam Alpha 8 which I bought years ago and it was British made, I decided to buy an amplifier which is British made AND used in clubs. When I was in this club in Nottingham in 1999, the sound was really good and when I checked out the speakers, they were made by Martin.

Eventually I went to Apliu Street in Shamsuipo and bought a second hand one (new would cost HKD8,000) for HKD3,100. Carrying it home was no easy task, it was so heavy like a piece of iron and must have weighed at least 25kg. Then when I plugged it in, the first thing that happened was that a fan inside turned on, like a computer CPU fan.

What on earth is this, I thought, why does it need a fan? My question was answered when the next moment I dropped a vinyl. THE SOUND. The sound was so loud that it blew my socks off. I was using JBL Control speakers (as JBL is used in Fabric and Zouk, etc) and the sound projected to every corner of my apartment.

I broke into a cold sweat. What if my neighbours reported me to the police? Why did I buy such a powerful amplifier which is not meant for home use? But I consoled myself. Hang on, it’s the weekend and the sun is still up, of course people are allowed to blast music. In addition, it gives me exactly what I wanted – the British sound I am so familiar with from the British clubs.

A weight off your shoulders

SCMP, Friday, May 26, 2006
By Zara Horner

BY ALL ACCOUNTS Hong Kong is one of the most stressful cities in the world – but there are plenty of ways to chill out.

Just getting out and having fun in the sun is one of the simplest and easiest, according to psychiatrist David Lau. “When we’re having fun, we automatically leave stress behind,” Lau says. He also advises reviewing situations that cause stress and how you behave during them. Think about how others react to your behaviour. List things that would make life easier and less stressful. “Writing things down can sort things out in your head,” Lau says. “Sometimes it’s also important to get help, so find someone you trust to talk to.”

The human body is designed to cope with short bursts of danger, illness or emergencies, but Lau says that when the body releases adrenaline and cortisol (normal stress-reaction chemicals) “we’re less able to cope with the long-lasting pressures that build up in modern life”.

There are myriad ways to de-stress in Hong Kong – and they won’t necessarily break the bank.

Knead the pain away

“Feeling stressed is one of the main reasons clients come for a massage,” says therapist Colleen Van Ronk. “The pain shows up mainly in the neck and shoulders where small nodules of bunched up muscle and waste products accumulate. Massage will help soften this tension and have a positive overall effect on the client’s mental and emotional well-being, too.”

She recommends aromatherapy massages for stress relief. “Essential oils such as citrus essences, rosemary, sandalwood, peppermint, lavender, geranium and ylang ylang all have powerful healing effects.” A friend’s recommendation is a good way to find a masseuse, Van Ronk says. She charges $300 for an hour.

Pin-pointing stress

Acupuncture is one of the oldest forms of healing known, says Quality Chinese Medical Centre director Sally Tse – and it’s virtually pain free. “The sterile needles are as fine as a hair, so they don’t hurt on insertion. There could be a momentary sharpness or dull ache, that’s all.” Does being a pin cushion reduce stress? “Absolutely. Chinese medicine approaches the human condition as a whole – body, mind and spirit. There’s a vital force called chi that dictates the working of every organ and system. Chi must flow freely in the correct strength and quality for the body to function properly. When stressed, the flow of this vital energy is impaired.” When needles are inserted on acupuncture points, energy is said to be drawn to deficient organs, excesses dispersed, blockages removed and balance restored. “In Chinese medicine, stress – and its symptoms of nervousness, sleeplessness and irritability, among others – is caused by deficient liver and kidney function,” Tse says. “After a pulse and tongue examination, needles would be inserted into the meridian points associated with these organs so the symptoms of stress can be relieved.” Tse charges $3,300 for 10 sessions.

We are what we eat

“Food definitely affects our moods,” says dietician Gabrielle Tuscher. “For most people, missed meals or long periods of time without food leads to irritability, lethargy and lack of concentration.” Food can be used to relieve symptoms of stress, Tuscher says. “Drink lots of water. Avoid or limit caffeine, which is just a quick-fix energy-sapper, and alcohol, which is a depressant. Don’t go more than four hours without eating, and choose five small balanced meals a day. Sugary, high-fat and greasy foods may be tempting, especially when we’re not feeling our best, but they’re a temporary fix, after which the guilt kicks in – not to mention the hip padding.” Graham Stuart-Bradshaw from the Integrated Medicine Institute says that taking supplements such as a vitamin B complex or magnesium can help. Herbal remedies include valerium, Siberian and American ginseng, and rhodiola. “But, a nice cup of chamomile tea before a good night’s sleep is probably one of the best and easiest ways to alleviate signs of stress,” Stuart-Bradshaw says.

Don’t let stress get up your nose

About 50 million smell receptors sending signals through our nervous system to the brain can’t be overlooked, says aromatherapist Tina Kalmar. “These messages provoke memories, emotions and even physical sensations. It makes sense to counter the polluted, smelly air we’re forced to breathe outside with nicer, healing aromas indoors.” Burning oils and candles throughout the home is the easiest way, says Kalmar. “During the day, go for stimulating smells such as lime, grapefruit and mandarin to provide mental clarity and energise. A few drops of eucalyptus oil on a tissue to sniff through the day is also good. In the evening, try more relaxing scents such as neroli, lavender and sandalwood.” Place a candle or burner in each room of the home and let the stress waft away.

Day spa bliss

If you can’t get out of Hong Kong for a weekend to lie under a palm tree, at least give yourself an hour or two off. “Our top-selling treatments and products are for de-stressing,” says Peninsula Spa director Ina Soong. “More and more of our customers are looking for ways to alleviate stress and for that reason most spas now provide a comprehensive range of treatments. Our Peninsula Spa Ceremonies focuses on de-stressing and calming with acupressure facials, herbal body masks, hot stone massage, essential oils and herbal concentrates. Any time is a good time for a spa, but to truly relax and unwind it’s best to schedule an appointment when you have nothing to do straight afterwards to prolong the benefits.” A Skin Rescue and Skin Brightener Facial costs $2,000, and a Detox and Renew Full Day costs $3,980.

Work it out

“Getting active for just 15 minutes a day is all it takes to feel better because of the release of endorphins,” says fitness instructor Claire Sargeant. “There are all sorts of physical benefits which most people are aware of, such as a healthy heart and respiratory system, increased strength and revved up metabolism. Exercise also has psychological benefits, because self-awareness and self-confidence are boosted. Being active, especially doing something you enjoy, is the best stress-buster. Trying something new is a great antidote to the blues. Choose from dancing, rock climbing, horse riding, learning to ride a mono-cycle or rollerblading. People tend to fall into exercise categories. ‘Not sure I want to, but I should’ people should join a class, buddy up or get a personal trainer. ‘OK, I might’ people should write out a list of pros and cons of what they might like doing and how. ‘Yep, let’s do it’ people should set a goal, and make a plan.”

Omm that stress away

The mind absorbs whatever it’s exposed to, so we should take care what television shows we watch, magazines and books we read and even songs we listen to, says yoga master Sachinandan Das. “Meditation is the process of being in the innermost self where the spiritual realm can escape from the cycle of worldly desire, action and impression,” he says. “Anyone can do it as there are numerous forms of meditation to suit all kinds of personalities.” When people indulge in “materially complex lifestyles”, they get trapped in mental frustration, negative emotions and stress, Das says. Finding ways to relax deeply can help overcome these potentially destructive patterns. “Meditation techniques combat a stressful life. It’s all about focusing attention inwards [Dharana], while letting all thoughts gently come and go through the mind without getting tangled in them [Dhyana].”

Bend it like Madonna

Yoga is a great way to tune the body and align the breath, automatically reducing stress, says Pure Yoga’s Patrick Creelman. “Yoga cleanses, strengthens and har- monises the whole system – body and mind,” he says. “The incredibly powerful yogic physical practices begin very simply with a natural progression to the highly technical and it’s really all about what the individual chooses to give. The philosophy of yoga is rooted in the belief that all things are connected, by attuning physical movements and breathing patterns we achieve complete harmony.”

Here are two postures that Creelman recommends as simple stress-busters:

Downward dog: Lie belly down, put your hands under your shoulders, tuck your toes under your feet and push your arms straight, lifting your hips and moving your thighs back to straighten your legs, so the body forms an inverted “V”, with your head between your arms.

Viparita karani: Lie with your buttocks against a wall, and legs straight up the wall. Head, shoulders, back and arms rest on the floor. Relax and breathe normally.

Whatever floats your boat
“The simple act of smiling can make us feel a whole lot better,” says Lau. So why not try an unusual way of having fun? The nine-metre Rigid Inflatable Boat (RIB) operated by Ian Corby’s Seafari may be just the ticket. “Similar to the vessels used by the Hong Kong Marine Police as well as high-speed rescue services, the RIB reaches speeds of 50 knots in full twisting, turning, banking jet propulsion,” says Corby. “Getting up close and personal with Hong Kong’s container ship visitors … brings a smile to the faces of even the most stressed passengers,” says Corby. So, make like Tom Cruise and book a stress-busting mission with friends and family. It costs $250 per person for half an hour.

Break habits

The Alexander Technique (AT) is a therapy that focuses on how we move and hold our bodies. Patterns of misuse are redirected so that physical and mental tension can be eliminated.

“The AT is a way of using your awareness of muscle tension to optimise the way you move and function,” says practitioner Peter Schneider. “If negative movement habits and patterns are changed, or fine-tuned, general aches and pains can be a thing of the past. It’s possible to learn how to change and improve reactions so a calmer approach results and, therefore, less stress.”

An AT session costs $800 an hour, but you probably need only two sessions to benefit because the skill is taught quickly.

"Leisure" by W.H. Davies

What is this life if, full of care,
We have no time to stand and stare.

No time to stand beneath the boughs
And stare as long as sheep or cows.

No time to see, when woods we pass,
Where squirrels hide their nuts in grass.

No time to see, in broad daylight,
Streams full of stars, like skies at night.

No time to turn at Beauty’s glance,
And watch her feet, how they can dance.

No time to wait till her mouth can
Enrich that smile her eyes began.

A poor life this if, full of care,
We have no time to stand and stare.

Difference between Overallotment and Greenshoe

‘Overallotment facility’ shall mean a clause in the underwriting agreement or lead management agreement which permits acceptance of subscriptions or offers to purchase greater number of relevant securities than originally offered.

‘Greenshoe option’ shall mean an option granted by the offeror in favor of the investment firm(s) or credit institution(s) involved in the offer for the purpose of covering overallotments, providing that for a certain period of time after the offer of the relevant securities such firm(s) or institution(s) may purchase up to a certain amount of relevant securities at the offer price.

Vasana

Dear friends, the energy that pushes us to do what we do not want to do, to say what we do not want to say, is called habit energy, the negative habit energy in us. Vasana is the word in Sanskrit. It is very important that we recognize that energy in us. This energy has been transmitted to us by many generations of ancestors, and we continue to cultivate it. It is very powerful. We are intelligent enough to know that if we do this, if we say that, we will cause damage in our relationship. Yet when the time comes, when we find ourselves in that situation, we say it or we do it, even though we know it will be destructive. Why? Because it’s stronger than we are, we say. It is pushing us all the time. That is why the practice aims at liberating ourselves from that kind of habit energy.

Thich Nhat Hanh

Top 50 Clubs In the World

1

Name: Fabric
Location: London
Capacity: 1600
Website: www.fabriclondon.com

2

Name: The End
Location: London
Capacity: 1000
Website: www.endclub.com

3

Name: Turnmills
Location: London
Capacity: 1100
Website: www.turnmills.co.uk

4

Name: Pacha
Location: Ibiza
Capacity: 3000
Website: www.pacha.com

5

Name: Space
Location: Ibiza
Capacity: 5000
Website: www.space-ibiza.es

6

Name: Amnesia
Location: Ibiza
Capacity: 5000
Website: www.amnesia.es

7

Name: Womb
Location: Tokyo
Capacity: 1500
Website: www.womb.co.jp

8

Name: DC10
Location: Ibiza
Capacity: 1500
Website: www.circolocoibiza.com

9

Name: The Cross
Location: London
Capacity: 550
Website: www.the-cross.co.uk

10

Name: The Arches
Location: Glasgow
Capacity: 2000
Website: www.thearches.co.uk

11

Name: Zouk
Location: Singapore
Capacity: 3700
Website: www.zoukclub.com
Continue reading “Top 50 Clubs In the World”

Ya Seh Meh

By Rose Tse and Angela Collingwood
(info@shen-nong.com)

Southern China is in a sub-tropical zone whose high temperatures and humidity cause bacterial and fungal growth. According to traditional Chinese medicine, hot and wet weather makes it easy for exogenous heat and dampness evils to attack the body. They consume chi (vital energy), impair body fluids and cause a series of health problems.

Those suffering from damp-heat evils can experience fever, irritability, thirst, heaviness of the limbs, chest tightness, nausea and diarrhoea. When these evils attack different parts of the body, they cause specific syndromes.

Herbal beverages are seen as an ideal way to prevent heat and dampness conditions as they clear the heat and dampness, replenish chi and supply fluids.

They’re referred to as cooling teas, have a bitter flavour and are dark brown.

In ancient times, these drinks were effective and affordable remedies for people to treat and prevent disease. They were also combined with local ingredients and brewed to individual tastes.

Initially, people would buy the herbal ingredients and prepare the remedies at home, until herbal shops began to provide ready-made forms for convenience. In Hong Kong, these herbal beverages are often sold by the bowl at herbal tea shop counters.

There are no standard prescriptions, and many herbal shops keep their recipes secret. Ingredients in the teas may alter depending on the time of year.

Today, these traditional teas are still popular folk remedies. They’re not only able to protect against climatic influences, but also can relieve aliments caused by the stressful urban lifestyle.

Some common teas found in Hong Kong include:

Five Flowers, which is said to clear heat and expel dampness and is anti-inflammatory, helping to alleviate symptoms such as fatigue, sore throat, indigestion, poor appetite, insomnia and urinary problems.

Canton love-pes vine, which is said to relieve fatigue, irritability, chest fullness and indigestion. It is also consumed to prevent hepatitis and urinary stones.

Chrysanthemum is suitable for those people who always feel thirsty and have a bitter taste in the mouth, or those with blurred vision, sore throat, hoarseness, dark yellow urine or a headache due to wind evils attacking the head region.

Sugar cane and lalang grass rhizoma, which is said to help replenish body fluids and clear dryness and heat symptoms such as thirst, mouth sores, a dry throat, bad breath, crusty lips and nasal bleeding.

Flu tea is a very bitter tea recommended when you have the early symptoms of cold or influenza such as fatigue, a sense of general weakness and a slightly runny nose.

Twenty-four flavours is also a bitter tea used to treat excessive fire in the body and is helpful to many other ailments too. It’s said to help alleviate sore throat, fever, the common cold and flu, and skin problems.

The drinks provided by herbal shops may target more specific conditions, as each shop has its own unique formulation.

Before taking any medicine, consult your TCM or medical practitioner.

Philip Fisher: Common Stocks and Uncommon Profits

Philip Fisher

Philip Fisher’s Investment Philosophies

– Invest for the long term.

– Diversify your portfolio through proper asset allocation.

– Blend passive with active management.

– Know your costs and keep them low.

Philip Fisher’s Investment Principles

1. Buy companies that have disciplined plans for achieving dramatic long-range profit growth and have inherent qualities making it difficult for newcomers to share in that growth.

2. Buy companies when they are out of favour.

3. Hold a stock until either:

(a) there has been a fundamental change in its nature (e.g., big management changes); or

(b) it has grown to a point where it no longer will be growing faster than the economy as a whole.

4. Deemphasize the importance of dividends.

5. Recognise that making some mistakes is an inherent cost of investment. Taking small profits in good investments and letting losses grow in bad ones is a sign of abominable investment judgment.

6. Accept the fact that only a relatively small number of companies are truly outstanding. Therefore, concentrate your funds in the most desirable opportunities. Any holding of over twenty different stocks is a sign of financial incompetence.

7. Never accept blindly whatever may be the dominant current opinion in the financial community. Nor should you reject the prevailing view just for the sake of being contrary.

8. Understand that success greatly depends on a combination of hard work, intelligence and honesty.
Continue reading “Philip Fisher: Common Stocks and Uncommon Profits”

How to Iron a Shirt

Mary Ellen Pinkham explains how to neatly press a shirt.

One thing to remember before beginning to iron is to always start with the smallest sections of the garment first, then move on to the larger sections. The reason for this is that collars, cuffs and pockets will wrinkle less as the rest of the garment is ironed.

Unbutton the collar and start ironing the reverse side of the collar first, followed by the sleeves, back and finally the front of the shirt.

When ironing several shirts, dampen them first by spritzing with distilled water. Do not use tap water because this may cause water stains. Fold the sleeves in and tightly roll the shirts up and set aside for about 15 minutes.

Pull the shirt over the pointed end of the ironing board to iron the yoke, or the upper part of the sleeve. Iron in a back-and-forth motion only, never in a circular pattern, which can damage the fabric.

Ironing the seams may be difficult, but they are the most important areas to iron for appearance reasons. Iron one side of the sleeve, then turn and iron the opposite side. The sleeves will then have creases. One way to iron out a few pesky creases is to stuff the sleeves with a rolled-up towel after ironing them and gently pressing out the creases.

Next iron the back of the shirt, and finally the front. Be sure not to run the iron over the buttons. Carefully iron between the buttons.

Use a bit of spray starch for any natural fabrics, or use sizing for polyester and other synthetic fabrics.

Turn on the radio for a little background music while ironing.

When ironing the collar and cuffs, begin at the outer edges and move inward.

Pride of the US fleet sails in for some fun

SCMP
DONALD ASPREY

Crew members aboard the USS Ronald Reagan set their sights on Hong Kong yesterday as the US Navy’s newest Nimitz-class aircraft carrier made its maiden stopover.

The 334-metre warship, commissioned in July 2003, has more than 60 aircraft and a raft of design changes, including a bulbous bow, digital communications and a redesigned “island” – the command centre for flight-deck operations.

Displacing 98,500 tonnes and with 1.82 hectares of flight deck, the ship’s four 30-tonne bronze propellers can drive the vessel at more than 30 knots, powered by two nuclear reactors that can run for more than 20 years between pit stops.

Rear Admiral Michael Miller, commander of the fleet that includes the aircraft carrier, said the city would give his crew some much-needed entertainment.

“We have brought about 6,000 sailors into your city and they are ready to spend,” he said. “For many of them it will be their first experience of Hong Kong. This is one of our favourite berths and we are all very excited to be here.”

Admiral Miller said that as well as filling the bars in Wan Chai, many sailors were keen to get involved with the local community.

“Some of us will also be participating in community relations projects, which involve anything from painting an orphanage to interacting with patients in hospitals,” he said. “It is a global community and we want to help where we can.”

Photographer’s Mate 3rd Class Dominique Lasco painted a picture of life on board. “It gets very routine,” she said. “You are working 12 hours on, 12 hours off, usually seven to seven, and then you grab a bite to eat and go to bed. There are no bars or leisure facilities. In fact, there’s no alcohol. That sucks.”

The sailor, who enlisted 2 1/2<121> years ago to help pay her tuition fees, said she was glad to be in the most balanced crew in the navy, but said life on board could still be tough for women.

“There are about 500 to 600 women on this cruise [about 12 per cent], the most for any ship in the US Navy. But it can be hard.”

One of the highlights for her has been the travel. Since the carrier was deployed in January it has roamed more than 24,000km along the east and west coasts of Latin America, through the Straits of Magellan and across the Pacific to berth at Malaysia and Singapore.

“Singapore was very disappointing,” she said. “It was boring.”

I RECENTLY had the opportunity to once again visit the Lion City and confer with the Prime Minister, the Minister for Defence and Minister Mentor Lee Kuan Yew.

My visit was part of the fifth annual Shangri-La Defence Conference, which also afforded the opportunity to meet many other defence ministers from around Asia.

As always, I was struck by the energy, zest and prosperity of your clean and beautiful city.

Having visited many times over the years, I remain an enormous fan of Singapore, a vital ally and friend of the United States of America.

Thank you so much for your warm hospitality and all that you contribute to this vibrant Pacific region and to the world community.

I look forward to my next visit.

Donald H. Rumsfeld
United States
Secretary of Defence

Singapore Chief Justice's Address

There are also opportunities in the offshore sector for young lawyers. This sector provides young Singapore lawyers who have an international outlook with the opportunity to practise law in a global environment, as law associates and later as partners in global law firms based in Singapore and other financial centres of the world. Those who become known for high quality work, excellent work ethic and bi-lingual capabilities have increased their attractiveness to the global law firms in the China market. You might have read a recent article in the Straits Times published on 15 May 2006 about a team of Singapore lawyers leaving a Singapore-based American law firm to join another Singapore-based American law firm, to pursue their interest in international trade practice. This is an example of the ability and resolve of Singapore lawyers to stake their claims in the new legal environment.

More…

Less polluted air could save HK $4b a year

HONG KONG – BETTER air quality in Hong Kong could save as many as 1,600 lives and HK$21 billion (S$4.3 billion) a year, according to a new study.

In addition, 64,000 hospital ‘bed days’ and 6.8 million family doctor visits could be saved, said the report released yesterday.

Air pollution in Hong Kong has deteriorated markedly in the past decade; some say it is starting to affect the city’s economic lustre by making it harder to attract overseas talent to work here.

The report said Hong Kong had poor visibility 45 per cent of the time and was worse than Los Angeles, London, New York and Paris in terms of ‘respirable particulate air pollution’ levels.

‘If it was an infectious disease, there would be a crisis,’ Mr Anthony Hedley from the University of Hong Kong’s School of Public Health told a news conference.

‘This is a medical emergency.’

Besides his department, the Department of Community and Family Medicine at the Chinese University of Hong Kong, the Institute for the Environment at Hong Kong University of Science and Technology and the Civic Exchange think-tank took part in the study.

The researchers estimated that HK$1.5 billion could be saved per year in tangible health care costs, HK$500 million in productivity lost due to pollution-related illness and HK$19 billion in intangible costs, including the value of lost lives and willingness to pay to avoid illness. — REUTERS, ASSOCIATED PRESS

Wong Kar-Wai

SCMP
Sunday, May 22, 2005

Private eyes
By Vivienne Chow and David Watkins

Wong Kar Wai

Director Wong Kar-wai. Photo: K.Y. Cheng.

THE MASTER OF light and shade he may be – but he’s the master of shades, too. Wong Kar-wai never steps into the public arena without his prescription sunglasses, refusing to take them off even when indoors. With his eyes hidden from view, it’s sometimes impossible to tell where he’s looking, what he’s thinking or whether he’s finished answering a question after one of his customary pauses.

Many rumours have circulated about why Wong hides his eyes. Some say he suffers from a rare disorder and is ultra-sensitive to light – although the sensual, luminous colours of his films would suggest otherwise. Others says it’s vanity – an attempt to look like the chain-smoking characters who populate his movies. Or maybe he simply dislikes being interviewed.

The truth is more down to earth, derived out of a basic need for privacy: they’re his disguise. “I have no problem with the press – I give interviews all the time. Sunglasses are like a uniform for me,” says Wong, smoking his umpteenth cigarette. “I don’t have a name card, so I have glasses. Without these sunglasses, people don’t recognise me. That way I can have more privacy with my family when I don’t wear them. Some people do things in opposite ways.”

Although his films are filled with tragic types suffocated by romantic longing, Wong in person is cheerful, to the point of being playful. And although he imposes a dimmed view of the world on his eyes when facing reporters – as he does on the day he’s at Taikoo’s UA Cinema, promoting his part in Eros, a directorial menage a trois with Steven Soderberg and Michelangelo Antonioni about erotic love – it’s what his eyes see through the camera that the world is clamouring for. Continue reading “Wong Kar-Wai”

The Four Noble Truths

Shortly after his Awakening, the Buddha delivered his first sermon, in which he laid out the essential framework upon which all his later teachings were based. This framework consists of the Four Noble Truths, four fundamental principles of nature (Dhamma) that emerged from the Buddha’s radically honest and penetrating assessment of the human condition. He taught these truths not as metaphysical theories or as articles of faith, but as categories by which we should frame our direct experience in a way that conduces to Awakening:

(1) Dukkha: suffering, unsatisfactoriness, discontent, stress;

(2) The cause of dukkha: the cause of this dissatisfaction is craving (tanha) for sensuality, for states of becoming, and states of no becoming;

(3) The cessation of dukkha: the relinquishment of that craving;

(4) The path of practice leading to the cessation of dukkha: the Noble Eightfold Path of right view, right resolve, right speech, right action, right livelihood, right effort, right mindfulness, and right concentration.

Because of our ignorance (avijja) of these Noble Truths, because of our inexperience in framing the world in their terms, we remain bound to samsara, the wearisome cycle of birth, aging, illness, death, and rebirth. Craving propels this process onward, from one moment to the next and over the course of countless lifetimes, in accordance with kamma (Skt. karma), the universal law of cause and effect. According to this immutable law, every action that one performs in the present moment — whether by body, speech, or mind itself — eventually bears fruit according to its skillfulness: act in unskillful and harmful ways and unhappiness is bound to follow; act skillfully and happiness will ultimately ensue. As long as one remains ignorant of this principle, one is doomed to an aimless existence: happy one moment, in despair the next; enjoying one lifetime in heaven, the next in hell.

The Buddha discovered that gaining release from samsara requires assigning to each of the Noble Truths a specific task: the first Noble Truth is to be comprehended; the second, abandoned; the third, realized; the fourth, developed. The full realization of the third Noble Truth paves the way for Awakening: the end of ignorance, craving, suffering, and kamma itself; the direct penetration to the transcendent freedom and supreme happiness that stands as the final goal of all the Buddha’s teachings; the Unconditioned, the Deathless, Unbinding — Nibbana (Skt. Nirvana).

More…

Green Rage

While there were reports recently about road rage across the Causeway, I also want to alert Singaporean golfers about ‘green’ rage on the golf course. Last week, my wife and I went to a golf resort in Johor hoping to have a nice golf getaway. What happened on the green made us think twice about risking it again. At one of the holes, I had the unusual luck of driving the ball beyond my normal range and it landed about 20m from the flight in front. This flight consisted of four men in their forties. I realised it and we shouted and waved our hands at them as an apology. One of the men reciprocated by hitting my ball into the rough and armed with their clubs, they then charged at us in their buggies. They got off the buggies and a slew of vulgarities followed. With their clubs they threatened to beat us up. Naturally, my wife was terrified as this was a quiet weekday afternoon and we were in the middle of a forest where there were just the two of us besides the men. We could not reason with them. To avoid violence, we took off in our buggy but they were hot on our heels spewing more vulgarities until we reached the clubhouse. We hope fellow Singaporeans take extra precautions should they go golfing across the Causeway as there are hooligan golfers there.

Oh Lian Chye

Singapore signs contract for 12 F-15SG fighters

By Robert Karniol JDW Asia-Pacific Editor
Bangkok

 
Singapore will acquire 12 Boeing F-15SG fighters for delivery in 2008/09 under a contract concluded on 12 December, with the option to order a further eight platforms.

“The F-15SG, which has a configuration unique to Singapore, will be the most advanced variant of the F-15 and will operate as the Republic of Singapore Air Force’s (RSAF’s) next-generation multirole fighter jet,” Singapore’s Ministry of Defence (MINDEF) said while announcing the contract.

Analysts are confident that Singapore will eventually take up its option to acquire the additional eight F-15SGs, making a total acquisition of 20.

However, it is unclear whether this will be followed by any additional procurements of this aircraft.

The RSAF is thought to require another 20 advanced fighters when it replaces the F-5S Tiger II air-defence/attack aircraft around 2015.

More F-15SGs are one option but the RSAF could instead opt for the Lockheed Martin F-35 Joint Strike Fighter (JSF) in combination with unmanned aerial vehicles.

http://www.janes.com/defence/air_forces/news/jdw/jdw051213_1_n.shtml

Knowledge

“If a man empties his purse into his head, no one can take it away from him. An investment in knowledge always pays the best interest.”

– Benjamin Franklin

Economics

‘Something which cannot go on forever, won’t.’

– the late United States economist Herbert Stein, top economic adviser to both the Nixon and Ford administrations.

Banyan Tree

 

“When my wife Claire and I backpacked in Asia or Europe during our younger, budget-conscious days, it was the romance and intimacy we remembered and associated with our accommodations, no matter how humble. Surely, other people would also cherish such memories, even if they had more money? That was my starting hypothesis. So, with intuition and a hankering to recapture the magic of romantic and intimate holidays in a culturally evocative and exotic setting, Banyan Tree was born.

The name Banyan Tree comes from the fishing village on Lamma Island in Hong Kong where Claire and I lived for three idyllic years before I joined the family business. Yung Shue Wan, or Banyan Tree Bay, despite its modest, rustic village setting, symbolized for us a sanctuary of romance and intimacy. Yung Shue Wan is hardly luxurious, but it proved that when two people have a wonderful experience, the place they had it in acquires a magical quality. Our hotels aspire to be the Yung Shue Wans, or sanctuaries, for our guests whatever their age or origins.

As a development economist-cum-journalist backpacking in the region, I was distressed by irresponsible tourism—destruction of the physical environment; exploitation and degradation of the cultural environment. My subsequent experience in rehabilitating the 600 acres of land that Laguna Phuket stands on today, from an abandoned tin mine into an award-winning environmental showcase offering five resorts, showed me what responsible tourism could do. These experiences—one negative, one positive—taught me that as tourism practitioners we have the immense responsibility and yet also the power to do something positive about our physical and human environment.

Through activities like the Green Imperative Fund and a group-wide committee to coordinate corporate social responsibility initiatives, we have been able to uphold that commitment. Larger-scale projects, such as marine conservation initiatives in the Maldives and the little things (refillable containers for non-toxic, biodegradable toiletries) ensure the continued preservation of our ecological environment.
Continue reading “Banyan Tree”

The Wit and Wisdom of Peter Lynch

Peter Lynch

January-4-2006
By Kaushal B. Majmudar, CFA

We were fortunate to have an opportunity to hear Peter Lynch speak at an investment conference in New York about a year ago. Peter is, of course, the famed ex-manager of the Fidelity Magellan Fund. Under his stewardship, the Magellan Fund, which he ran from 1977 to 1990 grew from a small $20 million fund to $14 billion in assets when he stepped down to focus on family and other interests. In 1983 (just 6 years after he took over), the fund had grown to $1 billion on the back of Peter’s exceptional performance. More specifically, according to a secondary source quoting Valueline, Lynch achieved an average annual return of 29% per year over his 13 years running the Magellan Fund.
Continue reading “The Wit and Wisdom of Peter Lynch”

Sheldon Adelson

‘My parents had little to give to me in terms of starting me off in this world. We slept in a bedroom that could hold only one bed and that was for my parents. The four children slept on the floor. And that’s the way that we started out. But…I felt myself very rich, because when I look back and think what my parents gave to me, they gave me values and that’s the most important thing.’

– Sheldon Adelson, founder of Las Vegas Sands Resort and ranked by Forbes as the world’s 15th richest man

Swaps and Derivatives by Phillip Wood

Hong Kong

Derivatives 

Derivatives is a generic term used to describe futures, options, swaps and various other similar transactions. Apart from interest swaps, most derivative contracts are contracts for differences – the difference between the agreed future price of an asset on a future date and the actual market price on that date.

Futures Contracts

A futures contract is a contract under which one party agrees to deliver to the other party on a specified future date (the “maturity date”) a specified asset at a price (the “strike price”) agreed at the time of the contract and payable on the maturity date. The term “forward contract” is often used in relation to private contracts not transacted through an organised exchange.

The asset may be a commodity or currency or a debt or equity security (or a number or basket of securities), or a deposit of money by way of loan, or any other category of property.

The effect is to guarantee or “hedge” the price. The hedging party protects himself against a loss but also loses the chance to make a profit.
Continue reading “Swaps and Derivatives by Phillip Wood”

Travelling

“Once you get home, nobody will be remotely interested in what you did or what you saw. Why should they be? All they’ll want to know is whether or not you ‘had a good time’, and your notion of a ‘good time’ is unlikely to be theirs. The best kind of traveller is a thief on the prowl, looking for illuminating moments. Travelling, unlike tourism, is just living more intensely, freed for a short time from the constraints of being whoever it is we’re accustomed to thinking we are. It’s being on the prowl, beholden to nobody, for the beautiful self we’d forgotten was locked up inside us.”

Robert Dessaix in “The Age” newspaper, 18.ix.04.