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Quit, Pua tells Adham, as Covid-19 cases hit 5-figure Posted by: superadmin - 07-14-2021, 12:07 PM - Forum: Politics - No Replies PETALING JAYA: An opposition MP has called for health minister Dr Adham Baba’s resignation after the “disastrous escalation” of Covid-19 cases yesterday, despite a lockdown that has been in place since May 16. Yesterday, Malaysia reported a record 11,079 new cases, shattering the previous high of 9,353 just two days earlier. “It beggars belief that the country has been in a lockdown mode for more than eight weeks now and yet the number of Covid-19 positive cases appears to be running out of control,” Damansara MP Tony Pua said in a statement today. Pua said Adham and the Perikatan Nasional-led government had “wasted the sacrifice of the people” because they had failed to play their role to contain the spread of the virus. He said the most obvious evidence of this failure was the fact that the health ministry had conducted fewer tests despite the increase in positive rates. Based on World Health Organization’s (WHO) recommendations, any positivity rate above 5% is deemed too high and actions must be taken before any reopening of the economic and social sectors are recommended. Citing data from the health ministry, Pua pointed out that the total number of cases tested declined consistently from average daily samples of 109,601 (May 23 to May 29) to 72,308 cases (June 20 to June 26), a drop of 34%. - More -   Singapore’s economy roars back with a 14.3% surge in the second quarter Posted by: superadmin - 07-14-2021, 11:32 AM - Forum: Business, Economy and Investment - No Replies Singapore’s economy roars back with a 14.3% surge in the second quarter from a year ago Singapore’s economy surged 14.3% in the second quarter of 2021 compared with the same period a year ago, the Ministry of Trade and Industry said in a statement. But compared with the previous quarter, the economy contracted by 2%, the ministry said. Singapore had experienced a resurgence in Covid cases, which prompted the government to tighten social-distancing measures in early-May. SINGAPORE — Singapore recorded its strongest economic growth in 11 years in the second quarter of 2021, rebounding from its worst economic slump on record a year ago due to the Covid-19 pandemic. The Southeast Asian economy surged 14.3% in the second quarter compared with the same period a year ago, according to advance estimates by the Ministry of Trade and Industry. That performance slightly exceeded the 14.2% year-on-year jump forecast by analysts in a Reuters poll. “The strong growth was largely due to the low base in the second quarter of 2020 when GDP fell by 13.3 per cent due to the Circuit Breaker (CB) measures implemented from 7 April to 1 June 2020,” the ministry said in a Wednesday statement. - More -   Nassim Taleb says bitcoin is worth zero and fails as a currency and a hedge Posted by: superadmin - 07-14-2021, 11:28 AM - Forum: Business, Economy and Investment - No Replies ‘Black Swan’ author Nassim Taleb says bitcoin is worth zero and fails as a currency and a hedge Nassim Nicholas Taleb said in a recent paper that bitcoin has failed as a currency without government, as a hedge against inflation and as a safe haven investment. The author of “The Black Swan” reversed his previous stance, in which he once called bitcoin “insurance” against government control over money. Nassim Nicholas Taleb has reversed his stance on bitcoin. The author of “The Black Swan” said in a recent paper that the largest cryptocurrency by market cap has failed to satisfy the notions of it as a currency without government, as a hedge against inflation and as a safe haven investment. “Few assets in financial history have been more fragile than bitcoin,” he said. Taleb had previously spoken more favorably on bitcoin, particularly on its potential to help people circumvent capital controls in markets that rely on them to manage their exchange rates. He called it “the first organic currency” in the foreword of “The Bitcoin Standard” in 2018 and “an insurance policy” against government control over currency. In his recent paper, “Bitcoin, Currencies, and Fragility,” published in late June, Taleb, a probability researcher and former longtime quantitative trader, says bitcoin is worth “exactly zero” partly because it requires a sustained amount of interest to maintain it. By contrast, “gold and other precious metals are largely maintenance free, do not degrade over an historical horizon, and do not require maintenance to refresh their physical properties over time,” he said. - More -   The $100BN Railway in the Desert Posted by: superadmin - 07-14-2021, 11:06 AM - Forum: Business, Economy and Investment - No Replies   Yes, Donald Trump's final days in office were even worse than we thought Posted by: superadmin - 07-14-2021, 09:34 AM - Forum: Politics - No Replies (CNN)Donald Trump's final days as president were defined by near-total chaos as House Democrats moved to impeach him for his action (and inaction) during the January 6 riot at the US Capitol even as the soon-to-be-former president sought to use the power of his office to settle scores and reward loyalists. And yet, even amid those last, wild days, there was a sense that for as bad as everything we could see was, there was even worse stuff going on behind closed doors that wouldn't be made public until Trump left office, and the true reportorial digging began. Which brings me to Tuesday, when two highly anticipated Trump books -- Michael Bender's "Frankly We Did Win This Election," and Michael Wolff's "Landslide" -- went on sale, with a third book -- "I Alone Can Fix It" by Carol Leonnig and Philip Rucker -- scheduled to be released in seven days' time. All three books focus on Trump's last year in office. And all three present what can only be described as a terrifying picture of a president consumed by personal hatred and unwilling to even consider the limits his predecessors had placed on themselves in office. - More -   Netizens vent anger as cases hit 5-figure, blaming govt for spike Posted by: superadmin - 07-14-2021, 09:14 AM - Forum: Politics - No Replies PETALING JAYA: As daily Covid-19 cases breached the 11,000 mark today, social media users were quick to react to the news on Twitter. “WTF 11K” has been trending in the country with people sharing images (memes), mainly complaining about the extended lockdowns and blaming the Perikatan Nasional-led (PN) government, in particular, the minister of international trade and industry (Miti) Mohamed Azmin Ali. One user @millenialrabbit said: “WTF 11K??! I stayed at home since the first day and yet the cases still keep increasing till 11K?! What is going on now?? What’s the function of staying at home if the cases are still growing in numbers?” Another said: “Wow, congratulations Malaysia! We finally reached 10K at last! i mean, WTF 11K! - More -   Syed Saddiq’s Muar constituency office ordered to close for violating Covid-19 SOP Posted by: superadmin - 07-14-2021, 09:11 AM - Forum: Politics - No Replies JOHOR BARU, July 14 — Former minister Syed Saddiq Abdul Rahman’s parliamentary constituency office in Muar has been ordered to close from today due to non-compliance of the standard operating procedure (SOP). It is understood that the order came from Ministry of Health (MoH) officials and not the police who were spotted visiting the premises on Jalan Abdul Rahman yesterday. A source, who is familiar with the closure order, said the decision was made based on the MoH’s assessment of the situation at the office. The site is the base from which Syed Saddiq usually distributes aid to Muar’s needy. “The police were there to assist KKM (the Malay initials for MoH) officials only. “Apparently, the MoH said all aid for the needy should be sent to the respective households and not be centralised at one premises to avoid Covid-19 infections,” said the source who declined to be named last night. Earlier in the evening, Syed Saddiq announced that the police had instructed him to close his Muar parliamentary constituency office from today. The 28-year-old Muar MP voiced his unhappiness at the closure order and stressed that he has always assisted those who are struggling, hungry and sick. - More -   Malaysian mothers fight Putrajaya over ‘sexist’ citizenship law Posted by: superadmin - 07-14-2021, 09:04 AM - Forum: Politics - No Replies KUALA LUMPUR July 14 — Former Malaysian squash champion Choong Wai Li has a cabinet full of trophies from the five years she played for her country, but if her son were to inherit her sporting talents he would not be able to represent the nation. That is because Malaysia is one of 25 countries that do not give mothers and fathers equal rights to pass their nationality to their children. Choong’s son Michael has his father’s Irish nationality and is considered a foreigner in Malaysia, the country they call home. Along with five other Malaysian mothers, Choong has launched legal action against the government over “sexist and outdated” citizenship rules, which they say risk trapping women in abusive relationships and can leave children stateless. - More -   Tajuddin out as Umno elections director, Tok Mat takes over Posted by: superadmin - 07-13-2021, 07:30 PM - Forum: Politics - No Replies PETALING JAYA: Umno has announced the appointment of Mohamad Hasan as the party’s new elections director, taking over from Tajuddin Abdul Rahman with immediate effect. In a statement, Umno president Ahmad Zahid Hamidi said the appointment of his deputy, who is the Barisan Nasional war room chief, is aimed at strengthening the organisation of the party’s election machinery at every level. He said Mohamad’s position as the Barisan Nasional deputy chairman will smoothen the decision-making process where election preparations were concerned. “Umno would like to thank Tajuddin who had served as elections director.” - More -   Afghanistan stunned by scale and speed of security forces’ collapse Posted by: superadmin - 07-13-2021, 07:23 PM - Forum: Politics - No Replies Last autumn, with the departure of American troops from Afghanistan looming after the US signed a withdrawal deal with the Taliban, several of the most senior security officials in Kabul urged President Ashraf Ghani to make some hard choices. The Afghan army and police needed to retrench, figures including the then defence minister, Assadullah Khalid, told Ghani. Remote outposts, and rural areas where troops held little more than the cluster of government and security buildings that make up a “district centre”, should be abandoned. Troops and ammunition drawn back from these areas could focus on the fight for more important assets, such as key roads and border crossings, as forces adapted to the loss of the US air force and other technical support that had been critical to fighting the Taliban, they argued. The men urging this strategic retreat had, between them, years of experience fighting in the different iterations of Afghanistan’s civil wars, which have now stretched on for more than 40 years in a kaleidescope of shifting enemies and allies. Ghani and his national security adviser, Hamdullah Mohib, who have multiple prestigious degrees but no battlefield experience, refused. “We’re not giving up one inch of our country,” Mohib reportedly told the assembled officials at one point, according to multiple sources with knowledge of the discussions. The government declined to comment. - More - Pages (1224): « Previous 1 … 1020 1021 1022 1023 1024 … 1224 Next » Jump to page: