U-NO-HOO

Blog is dynamic. Blog is static. Blog is fun. Blog is boring. Blog is an identity. Blog is an anonymity. Blog is a truth. Blog is a lie. Blog is deceitful. Blog is revealing. Blog is personal. Blog is public. Blog is a community. Blog is an isolation. Blog is yourself. Blog is someone else's.

Friday, October 17, 2008

When elephant meets monkey... Life is good.

Momo 21/09/1980
"You are Orange Monkey type, who is very friendly. People find you easy to get on with. On the other hand, you are not good at starting a relationship, and do not have a way with words. You tend to keep a distance in personal relationships.Although you tend to be rather nervous, you can overcome that weakness with your sophisticated intelligence and sense of humor. You are not a difficult person, and will not stan against on opposed ideas. You have a good negotiation tactics by leaving room for the other side to compromise. However you can be obstinate in that you will not suck up, or bend your theory. Putting into action is most important to you. You may luck consideration, and because you believe that result will follow, you tend to plan things as you go. You are quick learner and a skilful person, so even if you face difficult situation, you can overcome that without much difficulty.You are very responsible person, and you tend to work for others even by neglecting yourself. This naturally attracts other people to you. You also tackle and challenge things with confidence.You have a good head for business, so you will be successful in anything you decide to do."

Pim, the pug, 29/10/2008
"You are Green Elephant, who is not pretentious and is a straightforward type of woman. People rely on you a lot. You tend to lack feminine flexibility and sensitivity, but because you don't depend on men, you can go about your business calmly and without being too emotional.You will not compromise, and your objective insight of things makes you look cruel and not having a charm. But you are not a cruel person at all. You like having your freedom, and just don't want to be restricted. You are not a shy person. You will have lots of relationship with men, and you know what type you like. You work hard and you learn hard.You have flexibility to a certain extent, and will not be discouraged so easily. Nevertheless, you take time in finding about yourself. You love peace, and will not get into conflict. You have perseverance, so if you get really angry, conflict will be protracted. Your life is steady and you are an economic person. You will not go buying things on impulse. Although you are an active person, you tend to lack reading people's feelings, so be careful not to become isolated.You are a very straightforward person, and can act quickly. But if you be too cautious, you tend not to be able to express your loving feelings. Nevertheless, you are good at looking after others, and have lots of chance for romance. After marriage, you will be good wife and a mother."

Thursday, October 16, 2008

The Wealth of Education

These top 20 institutions raised $7.66 billion, 25.8 percent of all the 2007 contributions to higher education institutions. Yet, the top 20 institutions only represent 2 percent of the survey respondents.

The nation’s top twenty fundraising universities (and dollars received) in 2007 are:

1. Stanford University ($832.35 million)
2. Harvard University ($613.99 million)
3. University of Southern California ($469.65 million)
4. Johns Hopkins University ($430.46 million)
5. Columbia University ($423.85 million)
6. Cornell University ($406.93 million)
7. University of Pennsylvania ($392.42 million)
8. Yale University ($391.32 million)
9. Duke University ($372.33 million)
10. University of California, Los Angeles ($364.78 million)
11. Massachusetts Institute of Technology ($329.16 million)
12. University of Chicago ($328.33 million)
13. University of Wisconsin-Madison ($325.34 million)
14. University of Washington ($300.20 million)
15. University of Michigan ($293.40 million)
16. University of Minnesota ($288.75 million)
17. New York University ($287.59 million)
18. University of Virginia ($282.61 million)
19. Indiana University ($278.55 million)
20. University of California, San Francisco ($251.95 million)

Source: Council for Aid to Education
http://www.cae.org/content/pdf/VSE%202007%20Survey%20Press%20Release.pdf

What makes these school hot? Well, here is a hint. In fact, it's not even quite related but I'd like to publicize my own school =)
http://www.newsweek.com/id/32225

In 2006, how is it compared?
Top 10 University Recipients of Private Donations, 2006
School Amount raised (millions)
Stanford University $911.2
Harvard University $594.9
Yale University $433.5
University of Pennsylvania $409.5
Cornell University $406.2
University of Southern California $405.8
Johns Hopkins University $377.3
Columbia University $377.3
Duke University $332.0
University of Wisconsin $325.9

Source: Council for Aid to Education

Of course, the most exciting year is 2008. With Wall Street's woes, and wallets' hole, everyone is tightening up their belts. I wonder if these universities will know how to survive with little to eat!

Thursday, July 10, 2008

Books to Read Before You Die

To Kill a Mockingbird by Harper Lee
The Bible
The Lord of the Rings Trilogy by JRR Tolkien
1984 by George Orwell
A Christmas Carol by Charles Dickens
Jane Eyre by Charlotte Bronte
Pride and Prejudice by Jane Austen
All Quite on the Western Front by E M Remarque
His Dark Materials Trilogy by Phillip Pullman
Birdsong by Sebastian Faulks
The Grapes of Wrath by John Steinbeck
The Lord of the Flies by William Golding
The Curious Incident of the Dog in the Night-time by Mark Haddon
Tess of the D'urbevilles by Thomas Hardy
Winnie the Pooh by AA Milne
Wuthering Heights by Emily Bronte
The Wind in the Willows by Kenneth Graham
Gone With the Wind by Margaret Mitchell
Great Expectations by Charles Dickens
The Time Traveller's Wife by Audrey Niffenegger
The Lovely Bones by Alice Sebold
The Prophet by Khalil Gibran
David Copperfield by Charles Dickens
The Alchemist by Paulo Coelho
The Master and Margarita by Mikhail Bulgakov
Life of Pi by Yann Martel
Middlemarch by George Eliot
The Poisonwood Bible by Barbara Kingsolver
A Clockwork Orange by Anthony Burgess
A Day in the Life of Ivan Denisovich by Alexander Solzenhitsyn

Wednesday, April 11, 2007

Too Little from BOT?

Economists and investors around the country anxiously awaits the dawn of 11 April 2007. Why? Not because we would celebrate any Thai economist day, but it’s the date scheduled for the next meeting of the Monetary Policy Committee. Thailand has been trying to battle the appreciation of its currency for many months, and it has not gained any ground. The slowdown of the economy does not in anyway help to project a better outlook for the Kingdom. Though the appreciation remains perplexed to Thai, given our weaker fundamentals and political instability in the past year, there is little time to contemplate too much of what to do amidst such an odd. And we all hope the BOT would feel similarly.

If there is anything to take from the state-of-art research on conduct of monetary policy in the past 20 years, it would be “expectation matters.” This precisely is the reason many central banks try to commit themselves to a rule rather than subjecting themselves to own discretion. To me, this tells the story of the BOT’s hesitation to change interest at will. But, again, I am not entirely sure if the story will work out beautifully as the BOT has intended.

It’s funny, really, that the BOT hesitates to alter its target interest rate, when back in 2006 it did not hesitate to impose capital control on foreign flows. Don’t get me wrong, I not taking a value judgement stance here, whether capital control is better or worst than usual conduct of monetary policy. However, the control imposed was and is a drastic measure. That alone threatens the credibility of the BOT more than anything else it could do under its sovereignty.

Today (April 11, 2007) is the day the BOT meet. Investors and economists alike have been calling for a drastic cut to move the economy in the “right” direction. God knows what that means. Afterall, none of them really have a clear reasoning of why Thailand finds itself in as the country with the strongest currency in the region. Nonetheless, they agree that a cut of more than 50 basis points will be necessary the achieve that goal. I think I have even seen a call for a drop of 100 basis point altogether.

The question is not reducing or not, rather what would be the rate cut. I personally disagree with large rate cut. However, if the BOT plans to have any impact from it’s action at all, it will need to look beyond its usual habit of the meager 0.25 change. The Kingdom expects a cut to happen. And a cut that would just make expectation true will virtually have no impact at all. But to go as far as 1 percent would be careless. The BOT will be risking a potential sudden stop or worst a sudden reversal of flow, which may trigger the baht melt down way too soon. And who would have forgotten the experience in 1997.

Finally, the news is out: 50 basis point cut it is. To me that’s a good choice actually. It should be enough to help the economy “slowly” (as all monetary policies are), not too drastic in either way. Deep down inside, I was hoping to see something more than 50 but less than 75, which would be ideal for the state of the economy today. Yet, that would be unrealistic, as most monetary measures are done in terms of 25 increments. So as for now, I’m happy.

Monday, April 09, 2007

Thai Baht Midlife Crisis

Thailand manages to surprise this informationally obssessed world twice in the past 12 months. First, the surprisedcoup d’etat on 19 September 2006 stunned the world out of the blue. Second, the capital control imposed on foreign capital on 19 December 2006 by the Bank of Thailand, and rightly by Pridiyathorn Devakula, the ex-minister of finance. The control measure introduced require a 30% witholding of any foreign exchange bought and exchange in all Thai financial institutions. The measure was meant to discourage against any speculative short-term flow against Thai baht, which has been peculiarly appreciating since the beginning of 2006. In fact, it has appreciated 20% against US dollars, its major trading partner.

The Situation
Why worry? Precisely the question many asked at the beginning of trend. Why be so worried about the appreciation of baht? Afterall, the US dollar withers against many currencies, particularly with Chinese economy stealing all the spotlights. The US economy started to stagger and this coupled with its huge budget and trade deficits, there was no question of why the appreciation. However, we still worry. Afterall, Thailand manages to pull itself away from the ghost of crisis purely through export. The export industries were Thailand’s economic battalion, and given its weak exchange rate after 1997 devaluation, this only makes sense. Yet, despite all exchange rate mayhem, Thai export remains strong throughout 2006. This is a good sign. It means many major Thai exports are not easily substitutable on the world market. But we must beware, this lack of substitutability is not indefinite. If things look too bleak, buyers will have to no choice but to shun away from even the most unique of Thai products.

Eventually, things turn even nastier for Thai exporters. Thai baht continues to appreciate, even after the capital control bonanza. Now we start to ask a more fundamental question: Why is Thai baht appreciating like crazy? Thai baht appreciates so strongly that it leaves many hardcore macroeconomists and international economists scratching their head. And those who think they might have the answer, here are some facts. Thai baht appreciate against all trading partners. Yes, that means, not only baht-dollar is working against us. It works against us more than any other countries in the considerations. If we look at just our trading partners, they will buy less from us and we will buy more. If we look at our trade competitors, they are gaining an edge ahead of us. Can we panic now? Sure, we can. But not all hopes are lost. BOT might be the white knights to come to our aid, eventually.

... (to be continued)

Thursday, February 22, 2007

Dating Persona!

The Slow Dancer
Deliberate Gentle Love Dreamer (DGLDm)

Steady, reliable, and cradling her tenderly. Take a deep breath, and let it out real easy...you are The Slow Dancer.

Your focus is love, not sex, and for your age, you have average experience. But you're a great, thoughtful guy, and your love life improves every year. There's also a powerful elimination process working in your favor: most Playboy types get stuck raising unwanted kids before you even begin settling down. The women left over will be hot and yours. Your ideal woman is someone intimate, intelligent, and very supportive.

While you're not exactly the life of the party, you do thrive in small groups of smart people. Your circle of friends is extra tight and it's HIGHLY likely they're just like you. You appreciate symmetry in relationships.



ALWAYS AVOID: The Battleaxe

CONSIDER: The Maid of Honor or The Sonnet

Labels:

Friday, September 22, 2006

Do not be fooled by his love of democracy!

This is an editorial from Bangkok's The Nation newpaper on Friday 22nd September, one and a half day after the coup.

"OVERDRIVE
Sonthi outsmarted Thaksin at the eleventh hour

Had Council for Democratic Reform under Constitutional Monarchy (CDRM) leader General Sonthi Boonyaratglin not moved as fast as he did to stage a coup on Tuesday, Thaksin Shinawatra would have launched his own coup a day later. Don't be fooled by Thaksin's claim that he stands for democracy.

As the political crisis developed to the point of no return concerning whether Thaksin should stay or be booted out, General Sonthi had no choice but to swallow his words about the days of military coups being over. He had been very reluctant to resort to a coup, as he was known not to have any political ambitions. Moreover, he was not known to be an enemy of Thaksin. Although General Sonthi has a good relationship with both Privy Council President General Prem Tinsulanonda and Privy Council member General Surayuth Chulanont, he came to power partly due to a political compromise struck with Thaksin.

However, an intelligence report reached General Sonthi's camp stating that there would be bloodshed on Wednesday. The People's Alliance for Democracy had planned to hold a political rally that day at the Royal Plaza in order to force Thaksin out of politics. Had that rally taken place, there would have been clashes between the People's Alliance for Democracy and Thaksin's supporters and blood would have been spilt on Rajdamnoen Avenue. If only Thaksin had promised that he would take a break from politics and allow a period of political reforms to take place, the PAD and other branches of the anti-Thaksin movement would have declared victory. All political confrontations would have subsided. Thaksin could have run for office once the Constitution was amended, and he would have been returned to the premier's post, probably in the latter part of next year.

However, Thaksin never considered taking a break from power. Again, don't be fooled by his "taking a break" story - the idea never crossed his mind.

The General Sonthi camp learned that during the PAD rally, Yongyuth Tiyapairat and Newin Chidchob were planning to rally their supporters to create an ugly scene at the Royal Plaza. During the ensuing commotion, there would be human casualties. Thaksin would then have stepped in and declared a state of emergency, placing the country under martial law.
Now you can understand why he had time to prepare his state of emergency statement and read it at 9.20pm on Channel 9 from his New York hotel room. You can also understand why Yongyuth and Newin are now at the top of this country's most-wanted list and have surrendered themselves to the CDRM for interrogation.

Once the situation was under his complete control, Thaksin had planned to fly back yesterday in order to declare victory over anti-democratic elements in society. He had a military reshuffle list in hand that would have further consolidated his control over the military. With that accomplished, everything would have been easy. Virtually all institutions in the country would have been under his directive.

From his New York hotel, Thaksin was preparing to deliver an address at the UN Assembly. The room instead turned out to be the headquarters from which he attempted to launch a counter-coup and negotiate a political settlement. In New York, he planned to recruit top-notch American political consultants to advise him on his political campaign for the next election, which would have been pushed back from October 15 to some time in November.

Thaksin's talk of taking a break from politics was simply lip service. He told the Thai public he would decide whether to take a break from politics only after his Thai Rak Thai went to the Election Commission to register as candidates. This means Thaksin would have liked His Majesty the King to endorse a new election date before he made his decision.

Members of the Thai elite and the PAD, however, would not allow this to happen. If Thaksin were to run in the next election, he would have won. With 12 million votes or so, he would have claimed a democratic majority and he also would have stayed on as prime minister. After that he could rewrite Thai history by turning Thailand into his own regime.

General Sonthi had to act fast to head off Thaksin's coup. He staged a military coup on Tuesday, a day before the bloodshed was set to take place. He and Thaksin did have a telephone conversation on Tuesday evening, with Thaksin trying to buy time and negotiate a settlement.
He told General Sonthi that if he kept his cool, Thaksin would take a break from politics. He asked Sonthi to wait until he returned from New York so that the two could talk things out and said that he would reschedule his return flight to Bangkok to Wednesday, instead of yesterday as he had planned.

General Sonthi was polite, but told him that he had no choice, that he had to stage the coup.
In the meantime, Thaksin was checking on his military allies, who had control of Bangkok, for the most part. He remained certain that in a military power play, he could still emerge the victor. Maj-General Prin Suwannathat, commander of the First Infantry Brigade, is a close ally of Thaksin and he holds the most powerful military post in Bangkok. The commanders of the Air Force and the Navy are also good friends of Thaksin.

General Sonthi had the support of Lt-General Saphrang Kalayanamit of the Third Army, who had been outspoken in his anti-Thaksin remarks. The Third Army is in charge of all military operations in the North. Another key ally of Gen Sonthi is Lt-General Anupong Phaochinda of the First Infantry Division in Bangkok. Maj-General Sanit Prommas, the commander of the Second Cavalry Brigade, also came to play an important role in the power play to seize the capital.

Troops from Prachin Buri and Lop Buri were also mobilised to the capital to assist in the coup, the decisive outcome of which was ironically the victory of thaharn ban nok (upcountry military).

As it turned out, all of Thaksin's military allies, most notably Maj-General Prin, had been marked out - they could not move. General Ruengroj Mahasaranont, the supreme commander and a Thaksin ally, was to look after Bangkok once Thaksin had declared martial law. He too was subdued. Chidchai Vanasatidya and Prommin Lertsuridej were unable to launch any sort of counter effort.

Thaksin's wife Khunying Pojaman Shinawatra was supposed to take a 12am flight to Singapore on Tuesday night. She quickly changed her flight to 9pm. Well, Gen Sonthi had to let her off the hook.

Twenty-five minutes later, knowing that his wife was safely on an aircraft bound for Singapore, Thaksin read out his state of emergency address from his New York hotel room, effectively sacking General Sonthi .

But an hour later, General Sonthi declared a counter-coup to overthrow the Thaksin regime and tear up the Constitution.

The rest is history.

Thanong Khanthong
The Nation"