Friday, March 14, 2014

How not to handle a Crisis

In a crisis, accurate information and facts will often be lacking, and the absence of accurate information will mean that rumours and gossip will attempt to fill the vacuum. Information management and misinformation management is key. There is no simple answer as to what is the correct way of handling information and misinformation, except to say, coordinate your efforts, check your facts, and clear all communications through a central authority.

Here is an example of how NOT to do it.

HDB resale without COV

Minister for National Development Khaw Boon Wan changed the rules for resale HDB flats on Monday 10 Mar, by requiring buyers and sellers to agree on a sale price before getting an official valuation of the flat. Currently, the seller would obtain a valuation and this is also the price the buyer can get a loan for, or use his CPF to pay for. The seller could offer the flat for a lower than valuation, if there is some reason (say, the need to sell the flat quickly), or ask for a higher price, which would not be covered by the loan or CPF, and so the buyer would need to pay the Cash over Valuation (or COV). 

Thus all negotiation has been about whether it is over or under Valuation, and if over, how much is the COV. 

In a bull market, a sellers' market, COV has been escalating. 

However, new measures and perhaps the general market cycle has brought COV down and currently, it is no longer the Sellers' market that it used to be. 

Why getting enough sleep matters

In East Asia, hard work is worn as a badge of honour and students have bragged about their all-night cram sessions, but developing brains need sleep. 

BY MICHAEL CHEE
MARCH 14, 2014

Last year, an opinion-editorial that I wrote on the perils of short sleep received an unexpected flood of attention. Some wrote tongue-in-cheek commentaries on local sleep patterns. A few concerned parents made appeals on forum pages to have morning-session secondary schools start later. Others thanked me for helping them counsel their children. Is this acknowledgement that the effects of sleep on health are being taken more seriously? Perhaps not.

Independent surveys have shown that, on average, East Asian young adults sleep one to two hours less a night than their European and Australian counterparts.

Wednesday, March 12, 2014

MH370 - Speculation, "Spectra-location", and outright mis-reporting, untruths, falsehoods

Nature abhors a vacuum. The news media abhors a factual vacuum. In the absence of facts, speculation will do. Lies rule. Falsehoods have free rein.

Truth is the second casualty.

MH370 brings bomohs, preachers and psychics out
Yahoo Newsroom
Mon, Mar 10, 2014

The mystery surrounding MH370 is resulting in 'otherworldly' advice and offers.

Tuesday, March 11, 2014

Malaysia Airlines flight MH370 makes it clear: we need to rethink black boxes

The Guardian

Your iPhone is more powerful than the evidence-collecting computers in the cockpit. Simple changes could mean faster answers for plane crashes

Why is a normally safe aircraft – the Boeing 777-200 – missing over the South China Sea, with all 239 passengers and crew on board Malaysia Airlines flight 370 presumed dead?

I'l tell you why: it was a fireball ignited by faulty lithium-ion batteries carried on board by cellphone-wielding passengers.

No, it wasn't. It was a bomb planted by terrorists – possibly the passengers who were reportedly carrying stolen passports.

Rubbish: it was structural failure triggered by internal damage sustained in an airport fender-bender involving the same aircraft two years ago.

These, of course, are not answers. It would be generous to call them theories. They are really a tiny sample in an online orgy of wild guesses that erupted on social media over the weekend, in the hours after the aircraft was reported missing off the coast of Malaysia.

Sunday, March 9, 2014

Why Malaysia Airlines jet might have disappeared - MH370 (updated 15 Mar).

March 9 2014


NEW YORK — The most dangerous parts of a flight are takeoff and landing. Rarely do incidents happen when a plane is cruising seven miles above the earth.

So the disappearance of a Malaysia Airlines flight MH370 well into its flight yesterday (March 8) morning over the South China Sea has led aviation experts to assume that whatever happened was quick and left the pilots no time to place a distress call.

It could take investigators months, if not years, to determine what happened to the Boeing 777 flying from Malaysia’s capital city of Kuala Lumpur to Beijing.

[15 Mar update at the end of this.]

The Truth vs the fossil fuel lobby

By Jeffrey Sachs

03 February 2014

Have a look at what happened around the world this past month. Australia’s heat wave filled headlines when temperatures reaching 45° Celsius disrupted the Australian Open tennis tournament. 

California’s extreme drought forced the governor to declare a state of emergency. Major floods in Indonesia killed dozens and displaced tens of thousands. 

Beijing’s coal-induced smog forced people to stay in their homes, closed highways, and diverted flights. Such events are daily warnings to the world: Wake up before it is too late.