Not Another Financial Crisis In 2010

 

Mr. Jucelino, born in 1960, is a Brazilian who has made many predictions, and MOST have come to pass. He made known his predictions in hopes that people will take heed of his warnings, so that these disasters may be avoided. He hopes there will be a major change in the thinking of people’s mindsets in the time period 2007 – 2008.  

 

His future predictions:  

 

2008, July: There will be an earthquake in Japan, which will cause a tsunami of 30 plus metres high to occur as well.

2008, 18th September: An earthquake with magnitude of approximately 9.1 will rock China , simultaneously causing a tsunami of more than 30 metres to occur, resulting in the deaths of more than 1 million people. Although this huge earthquake will happen after the Olympics have ended, there will be a series of relatively smaller earthquakes occurring in China before the huge earthquake. The China government, which is more concerned with the success of the Olympics, will most likely neglect to employ appropriate cautionary measures, thus the high casualty rate. If the China government does not publicize the occurrence of these minor earthquakes and evacuate people, the number of deaths will be as predicted.

2008, 17th December: terrorist attack in America

2010: The temperatures in some countries of Africa could be as high as 58 degrees Celsius, and there will be a serious shortage of water.

2010, 15th June: The New York Stock Exchange market will fail, causing an international financial crisis.

2011: The research on the treatment of some cancers will be completed, but a new life-threatening virus will appear. People who are infected will die after only approx. 4 hours of coming into contact with the virus.

 

Stop, stop, stop……there are many more predictions from him.

 

This is scary to hear. The New York Stock Exchange predicted to fail in 2010 is really scary. I hope it would not be true come the day.

 

Malaysia could not afford another world economic crisis. We had not even fully recovered from the 1997 Asian Financial Crisis, currently facing World Food Crisis, Oil Price Hikes, effect from America Credit Crisis, etc..

All these have created huge inflations into our economy. Malaysians working class purchasing power had very much decrease from the 60s to today. The Ringgit was traded at US$1 to Ringgit Malaysia 2.50 before the financial crisis in 1997. Today trading is US$1 to Ringgit Malaysia 3.26.

Malaysia needs a miracle economic plan to pull through all these entire crises. Could we do it?

The last discount

The mad rush to the petrol stations across Malaysia began from 5.30pm until 11.59pm on 4th June 2008. Insane jam, jam and jam to the petrol stations to buy the last discount of fuels.What a pathetic day that will go down the history.

I was stuck in the traffic jam caused by cars queing to the stations. Traffic chaos happenned in many roads in Petaling Jaya. I was so mad that I do not even think of filling up my car tank that only had less a quarter of fuels. My only wish at the time, was to enable to get to home. The usually travel time from my office to home is about 25 minutes. That day, it took me almost 4 hours!!

                                       

                            The mad rush of the last discount on 4th June 2008

The economics theory of supply and demand stated that when the supply increase , demand also need to increase or demand increase, supply also increase.
This apply to (the petrol prices being lifted subsidy – pay at market rate.) = supply value increase.
(Salary/wages of Malaysian also need to increase since we are paid undervalued – suggested to pay at market rate.) = demand value increase.
The main problem now is that our salary are not increased at the rate of the real inflation. This caused the imbalance to the supply and demand theory.

Perhaps, that would be the last discount for Malaysians. Be ready of the domino effects to the inflation of price of goods, foods, transportations, accomodations, etc… The worst have yet to come………

Project management indiscipline

I always wonder what the important of project management and why people keep implementing it in a project. What are the advantages or disadvantages of it? I came across many books, thesis, and articles about the useful of project management. What are the disadvantages? Project management loopholes or people involved with it do not master the skills yet by doing the wrong implementation. I do not know much too or else I could be researching a university thesis now.

Project Management is the discipline of planning, organizing, and managing resources to bring about the successful completion of specific project goals and objectives. A project is a finite endeavor of having specific start and completion dates undertaken to create a unique product or service which brings about beneficial change or added value.

The primary challenge of project management is to achieve all of the project goals and objectives while adhering to classic project constraints—usually scope, quality, time and budget. The secondary and more ambitious challenge is to optimize the allocation and integration of inputs necessary to meet pre-defined objectives.
A project is a carefully defined set of activities that use resources (money, people, materials, energy, space, provisions, communication, motivation, etc.) to achieve the project goals and objectives. Regardless of the methodology used, the project development process will have the same major stages: initiation, planning or development, production or execution, monitoring and controlling, and closing.

I wonder if any delay or shortages of the above said resources could trigger the delay of executing the project. Or maybe the project manager has the skills to make sure it progress amid of the missing resources? hmm..or maybe,, some party may end up the winners and some will be the losers in order to balance the project shortages.

Interestingly, monitoring and controlling stage consists of those processes performed to observe project execution so that potential problems can be identified in a timely manner and corrective action can be taken, when necessary, to control the execution of the project. I found this very important stage is lacking in our society project management.

Monitoring and Controlling cycle

My view on project management is that it can be very useful and effective if being implemented correctly and everyone is playing on the rules and regulations. Otherwise, some people will try to manipulate it in order to gain advantages.