kueytoc

Sigh...moi no have.

Global recession could last til end 2010 or longer: report AFP - Sunday, March 8 NEW DELHI (AFP) - - The US professor nicknamed "Dr. Doom" for forecasting the financial crisis has said the global recession will last all of this year and probably next, India's Mail Today reported Saturday. New York University professor Nouriel Roubini said that in the best-case scenario, the recession will continue through 2010 in advanced economies while job losses will persist for an additional year, the paper reported. He said world governments are falling behind the curve in tackling the crisis with "policymakers moving in the right direction -- but (doing) too little too late." Speaking at a New Delhi conference, Roubini warned that the United States, Europe and Japan must "get their act together" to avoid the global economy sinking further. "People were hoping it would be a V-shaped recession -- a sharp fall, followed by an equally quick recovery," he said. "But we are in the middle of an ugly U-shaped recession," he said Friday. Roubini said the bottom of the 'U' -- the length of time the world economy will continue to contract -- would last a minimum of three years starting from December 2007. But he said there was a "one-in-three chance" that recession would turn into an 'L' -- a prolonged period of stagnation or shrinking output, coupled with falling prices as demand dries up. As early as 2005, Roubini said US home prices were riding a speculative wave that would soon sink the economy, but was dismissed as a doomsayer. In Delhi, he said the problems of the financial system and financial institutions were getting worse, but that the outlook could be improved by governments taking charge of insolvent banks, cleaning them up and then selling them to private investors. "People say when the US sneezes, the rest of the world catches cold. In this case, the US is just not sneezing, it has a severe case of chronic pneumonia." "We all sink or swim together," he said, adding there is no way policy action in emerging economic giants India and China can pull the global economy out of the slump.

Bro...dun QUIT. Rethink & Restart again.

Is this the ONE that U saw ???

Welcome to the 'DARK SIDE' !!!

Game Over ?...juz when I was about to bring out moi fresh pack of chips.

AWAS !...'Water Bomb'.

AH BENG also have uncommon Blue Line Angel (Chaetodontoplus septentrionalis), also known as Septentrionalis Angel. Saw 2 nice sizes (abt 4 inch) & veri beautiful vibrant blue-stripes. 2 nice juveniles Emperor Angels (abt 3 inches plus), veri alert & adult sizes Emperors (abt 5 inch), Indian Ocean quality. And so the Body colors are of course astounding ! Yellow-Belly Regal Angels...size abt 4 inch+ & colors...too beautiful to describe. For Angels Die-Hards...one word - GRAB !!!

WOW !...nice LABOUTEI mate.

Time to distribute some 'fraggies' mate.

MM Lee warns Singapore’s GDP could shrink by 8% this year Channel NewsAsia - Thursday, March 5 SINGAPORE: Minister Mentor Lee Kuan Yew has warned that Singapore’s GDP could contract by 8 per cent during this global downturn, but he is confident that the country will recover faster than other nations. Singapore has projected that its economy will contract by 2 per cent to 5 per cent this year. Mr Lee was speaking on Wednesday to business leaders at a dialogue session, organised by news information company Thomson Reuters. The US, Europe and Japan economies need to recover before the rest can see a pickup, and once that happens, the minister mentor said Singapore will be able to bounce back much faster because three and a quarter times of the country’s GDP is in external trade. He also said that the city—state has its reserves to thank for in surviving this economic crisis and recounted his conversation with the head of the US National Economic Council, Larry Summers. "I looked at him and said, ’Do you think we’re an ordinary country, we’re a little island? We built this enormous super structure through sheer work and with our wits, but we must expect in a nature of the free market that there will be such a crash. We never expected it so soon or so drastic," he said. Mr Lee added that Singapore sets aside half of its earnings every year in good times. "We saved for the rainy day and the rains have come." He also commented on the recent change in leadership at investment company Temasek Holdings, which saw its CEO and executive director Ho Ching stepping down after six years at the helm. Ms Ho will be officially replaced by Mr Charles W. Goodyear on October 1, after a seven—month transition period. Mr Lee, who is also the chairman of the Government of Singapore Investment Corporation (GIC) said there was a cabinet paper explaining why Ms Ho wanted to step down. "GIC takes a very conservative approach — low risk, low returns. Temasek goes in for higher rewards, higher risk, and they need a very dynamic team to keep nimble to move with the market and move faster than the market. "Ho Ching has been doing this for many years now and she thinks it’s a good time to make a change. I don’t think it’s got anything to do with the failed investments in banking. This is part of the ups and downs of any investor," Mr Lee added. During this financial downturn, Mr Lee expects industries like pharmaceuticals to stay resilient. That prompted the moderator to ask if he was equally bullish about the casinos in Singapore’s upcoming integrated resorts, which drew some laughter. "I like your tie — it’s got decks of cards on it, lots of money symbols," the moderator commented. "Yeah," the minister mentor answered. "This is cheering for our integrated resort. It was given to me by Steve Forbes and I think that will provide for 10,000 jobs, another 10,000 in Genting in Sentosa — that should increase the tourist revenue, conventions and so on." Mr Lee added that the state of the global economy will become clearer in about nine months when the US economy is able to see the effects of its economic policies. — CNA/so

Mmmm...tat someone house tanky looks familiar. Who can IT be ???

Why not 'lo-lex' ?

Bro, PM U to confirm collection.

Hello...tis week leh...not few weeks ago or last few months.

Depends on the 'Wind of Change'...

WAH !...where to 'ta-pao' all these GEMs ?

WAH !...where to 'ta-pao' all these GEMs ?

WAH !...where to 'ta-pao' all these GEMs ?

WAH...got 'photo competition' ah

Coming sooooonz...watch out this SPACE mate !

Any 'Tiger-Tails' spotted ?

More info from Japanese Journal of Ichthyology Tosanoides flavofasciatus

Reefbuilders crowns a new holy grail, the Yellowlined Japanese Anthias Now that the once highly coveted Odontanthias borbonius is relatively common in the marine aquarium, it’s time for rare fish fanciers to set their sights on more elusive fish. Reefbuilders is the online authority on rare reef fish and as such, we take it upon ourselves to crown a champion for the title of the new holy grail of anthias, Tosanoides flavofasciatus, the Yellowlined Japanese Anthias. As the above image demonstrate, the stunning coloration, bold outline and amazing fin filaments of the yellowlined japanese anthias makes clear why this species is our new holy grail of rare anthias. Hit the read link for more pictures and videos which firmly establish the yellowlined japanese anthias as the new champion of rare reef fish. Like the Blotchy Anthias and many other splendid deepwater fish, this coolwater wonder is currently only known to inhabit Japanese coastal waters. Described as recently as 1979, Tosanoides flavofasciatus is one of only two species in the genus Tosanoides. As with other Anthiines, T. flavofasciatus is a protogynous hermaphrodite meaning that they begin life as mild colored females and they develop into full fledged males with increased age and size. Juveniles and female yellowline anthias sport yellow and purple on the face and they have a broad lustrous purple edging on the anterior portion of their red and yellow ventral and a-nal fins. Once they are fully grown, male yellowline anthias have fantastic filaments from the caudal, a-nal and ventral fins and they also boast the broad yellow and and purple bands of their namesake. Check out the videos of both female and female yellowline anthias in the wild which both show why this fish is one of the most highly coveted reef fish in the world.

Allo-Allo...keep this thread CLEAN...report LIVESTOCKS updates please !...not 'kopitiam-talk' lah.