Monday, 22 February 2021
Friday, 16 October 2020
Good morning! Folks,
YOURSAY | Game of thrones, Round 2
YOURSAY | ‘The priority is to get a stable government to take charge of the nation.’
Vijay47: If this gift of a Trojan horse from Umno president Ahmad Zahid Hamidi ever came to pass, it would mean yet another nail in the coffin where rests our pride and honour.
I hold nothing against select individuals, but when it involves 30 Umno MPs, written on an olive branch twirled by Zahid, it only means institutionalised sleeping together with PKR. I believe in corporate circles this osmosis is referred to as reverse takeover.
When it is the Umno president who comes bearing gifts, it surely must come at great cost; it must mean the discontinuance of ongoing prosecution by acquittal through DNAA thus never to be resurrected, and the promise that no fresh charges would be laid, jointly offering similar divine blessings as that frail Sabah gentleman was bestowed 46 times over.
And perhaps as the icing on the cake to be had and eaten, former premier Najib Abdul Razak, already being trounced 0-7 even before half-time, would enjoy the same fortune.
Opposition leader Anwar Ibrahim, in your recent shrill rantings, you twice promised to protect kepentingan Melayu (Malay importance). Is this how you intend achieving your glorious objective, by sacrificing Malay pride, self-respect, and yes, dignity, at the altar of political expediency?
If so, why should it shock Malaysians? Former premier Dr Mahathir Mohamad did it (and again), Prime Minister Muhyiddin Yassin did it, so why should Anwar not become a traitor?
The only saving grace would be if DAP, and perhaps Amanah, refuse to shatter their honour.
Bobby0: The priority is to get a stable government to take charge of the nation. The nation is at a crossroad and everybody is going to be a loser if we have the present administration running the nation.
What Zahid can contribute is maybe 30 of Umno’s MPs to back Anwar. It will be up to Anwar (should he become prime minister) to select his cabinet. With capable people in the office and a leader to show them the direction in which way the nation needs to move, the people might see some light at the end of the tunnel.
It may not be the perfect solution, but better than the coalition that we have now in office – a directionless administration combined with religious leaders that will take the nation backward in time.
The Covid-19 virus is not going to go away anytime soon. The only solution to it is to find a cure. Otherwise, it will continue to plague the world for a long time.
We need leaders who are farsighted and have to find ways to live with the virus without rocking the economy. We need to start opening the nation soon.
So, it is not the question of Umno supporting Anwar, but the question of the survival of the nation. Politicking must come to an end. Racial indifference must be put to a stop. We need to be united, especially at this juncture.
If they can find a solution and work together, all of us should put our egos aside.
ScarletToucan9986: What all this politicking signal is pure, undeniable selfishness - no more, no less.
Do Zahid and Najib consciously want to throw the country into chaos with this disruption of the (questionable) government? Maybe not. But do they want to save their backsides from being thrown into prison? Absolutely.
And Muhyiddin not resigning? The reason is clear as day, isn't it? He's the PM, with the opportunity to rake in huge sums of money and immense power. Why would anyone give that up easily? And Muhyiddin was raised in Umno after all.
And Anwar? One can hardly blame him for going after that post for which he was promised. When the opportunity arose, which is to gather the support of Umno and overthrow Bersatu, why wouldn't he take it?
The rakyat is just collateral damage in the politicians’ incessant quest for power and money. It is every man for himself in Malaysian politics, as every Malaysiakini reader here already knows. Even though I detest this spineless politicking, it shouldn't be shocking to us anymore, don't you think?
Fellow Malaysian: With Amanah information chief Khalid Samad's revelation, it is becoming clear why Anwar did not provide a list of Umno MPs who Anwar claimed to have pledged support for him and Pakatan Harapan.
The content was wrapped in Zahid's letter, which Anwar had respectfully handed to the Agong when he met the ruler last Tuesday. Coming from the Umno president himself, if true, it is hard to repudiate Zahid's claim.
Khalid's remark also sheds light onto the reason why, of all Umno leaders, Gua Musang MP Tengku Razaleigh Hamzah, also popularly known as Ku Li, who doesn’t hold any executive portfolio in the party, was summoned to meet His Majesty.
Shouldn't Zahid be the first person from Umno to be called?
The Wakandan: The picture is getting clearer. We must be blind if all this is just a hoax by a so-called PM-crazy PKR leader.
A few leaders have not denied what Anwar said and that includes Zahid and Amanah. Ku Li was seen going into the palace and both DAP secretary-general Lim Guan Eng and Amanah leader Mohamad Sabu also were called (albeit their audience was postponed). If Anwar is lying, then these people, especially Khalid, are lying too.
And we know that it only takes a few MPs to change sides to topple the PN government. The present PM should not be in a denial mode or pretend not to know. He should stand down to avoid more embarrassment.
If Mahathir, whom he toppled, could do the obvious by resigning, Muhyiddin should be man enough to accept the reality that his government is no longer viable. In fact, everybody concerned should be honest and realistic enough to see the picture.
Quigonbond: Khalid should just keep quiet. He is not exactly the popular face of Amanah given his disreputable stint as federal territories minister.
It does not really matter what Zahid and his letter say. He's trying to strike a better deal with Perikatan Nasional (PN), probably getting better ministerial roles plus the deputy prime minister position, and taking Bersatu man Azmin Ali's gang down a notch.
Even if Anwar cannot take over for now, I'll take the small satisfaction knowing that Azmin’s gang has been given a blow. He is the ultimate traitor. I can understand Bersatu DNA, but without Azmin’s 10, the Harapan government would have survived, and Anwar would have been the PM by end of this year.
For the long term, Anwar cannot rely on Umno MPs. The Harapan core has to find a way to win over more voters.
Constitutional Supremacy: If there are 30 MPs from Umno in support of Anwar, that means the whole of Umno is in. This figure cannot be accurate.
There are nine Umno MPs who are ministers. There are more than 10 Umno MPs who are deputy ministers. This is in the PN government under Muhyiddin and most of them have announced they will not support Anwar.
How could Anwar strike a deal which allows the whole of Umno to come into government, including Najib and Zahid?
Beman: Wow, the chief of a political party can now dispatch MPs in the party to support this or that other political party.
I don't believe it is free of charge. There must be a price to pay for the support. If they are unhappy with the price paid, support can be withdrawn any time. This must be what is happening to Muhyiddin.
All this sounds mercenary. MPs have now become foot soldiers that can be sent by their lord to give support to another lord. Serving the interest of the nation and the people is now not high on their agenda.
Now we know why someone is unable to show the specific names behind the "solid" support he claimed to have. The "solid" support is only a "pledge".
OrangePanther1466: All this drama is merely to blackmail Muhyiddin into giving more concessions to Umno. It’s naive to think that Umno would support Anwar and abandon their Maufakat Nasional partner.
Let’s see if Muhyiddin is desperate enough to concede to all their demands. Najib seems to think so. That's why he has been making bold statements. The sad thing is that I think Muhyiddin does not have the wherewithal to resist and will concede.
RR: It is strange that police are investigating Anwar when the right solution is a floor test in Parliament to resolve this matter to see which leader has the majority in Parliament.
Why then are people beating about the bush? In all honesty, the Dewan Rakyat speaker should allow the no-confidence vote in the interests of the nation and put an end to this political drama so that the government of the day under whichever leader will focus to contain the Covid-19 pandemic and build the economy.
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Wednesday, 14 October 2020
Why Democracy Doesn't Work
Why Socrates Hated Democracy
Tuesday, 13 October 2020
Friday, 21 August 2020
Saturday, 25 July 2020
Friday, 12 June 2020
Dow plummets 1,862 points, its worst day since March, on cautionary Fed messages and 2nd-wave coronavirus fear
- US stocks tanked on Thursday as cautious commentary from the Federal Reserve and rising coronavirus infection rates prompted investor concern.
- All three major indexes posted their biggest single-day declines since March 16.
- Texas, Florida, Arizona, and California all reported strong upticks in case counts or hospitalizations, increasing fears of a second wave of COVID-19 infections.
- The Federal Reserve said on Wednesday that the pandemic could result in permanent economic damage and an extended period of high unemployment.
- Oil dove as well, with West Texas Intermediate crude trading as much as 11% lower.
- Watch major indexes update live here.
- US equities plummeted on Thursday as investors grew warier of rising coronavirus case counts and mulled cautious commentary from the Federal Reserve. All three major indexes posted their biggest single-day declines since March 16.
- A much-feared second wave of COVID-19 infections is becoming likelier in some states as reopening efforts continue. Texas reported its third straight day of record coronavirus hospitalizations, while Florida notched its worst weekly increase in cases. Arizona and California also revealed spikes in new cases. The surging case counts pushed the US total above 2 million.
- Traders also weighed Fed Chair Jerome Powell's comments on Wednesday; he said the pandemic could result in permanent economic damage and an extended period of high unemployment. He cautioned that, despite May's better-than-expected jobs report, "it's a long road" to a labor-market recovery.
- Still, the Fed signaled a willingness to continue economic stimulus efforts, saying it would leave rates near zero and continue multibillion-dollar bond purchases.
- Here's where US indexes stood at the 4 p.m. ET market close on Thursday:
- S&P 500: 3,002.10, down 5.9%
- Dow Jones industrial average: 25,128.17, down 6.9% (1,862 points)
- Nasdaq composite: 9,492.73, down 5.3%
- Read more: We spoke to 3 financial experts, who broke down why you should buy these 13 ETFs to maximize stock-market returns right now
- The Dow's slump marked its worst day since April, reviving market volatility not seen since the initial upswing from coronavirus-induced lows.
- "We were probably due for a 5% or 10% correction, but obviously I didn't expect that to happen in one day," Randy Frederick, vice president of trading and derivatives at the Schwab Center for Financial Research, told Business Insider.
- He continued: "When you get a day like today, it's one of those times that tends to scare people who don't have a lot of experience in this. So the selling begets more selling, which begets more selling."
- Though surging COVID cases raised fears of a prolonged recession, the White House stamped out the possibility of another nationwide lockdown. Treasury Secretary Steven Mnuchin told CNBC on Thursday "we can't shut down the economy again," adding "you're going to create more damage" with such an action.
- Read more: Renowned strategist Tom Lee nailed the market's 40% surge from its worst-ever crash. Here are 17 clobbered stocks he recommends for superior returns as the recovery gains steam.
- Weekly jobless-claims data released on Thursday backed up Powell's gloomy sentiment. Roughly 1.5 million Americans filed for unemployment insurance last week, the Labor Department said. The reading brought the 12-week total to 44 million. Continuing claims, or the number of Americans receiving unemployment benefits, slid slightly from the previous week, to 20.9 million.
- Some of the day's biggest losers were those that gained the most on reopening hopes. Carnival Cruises, Royal Caribbean, and Norwegian Cruise Line all plunged. Airline stocks including Delta, American, and United slid sharply as well. Gap and Kohl's were among the biggest losers in the retail sector.
- Early moves in the Cboe Volatility Index mirrored the stock market's sharp downturn. The VIX, known as the stock market "fear gauge," spiked as much as 54% Thursday, breaching the 40 threshold for the first time since late April.
- Oil tanked through the session amid the wider risk-off attitude. West Texas Intermediate crude sank as much as 11%, to $35.41 per barrel. Brent crude, the international benchmark, slumped 9.4%, to $37.82, at intraday lows.
- Carmen Reinicke contributed to this report.