I am not a racist but 1000 of them.....

The government has decided to go ahead with the workers dormitory despite pleas from the residents.

I am not a Tai Hwan resident. Phew.

I am definitely not a racist, but 1000 workers VS a tiny community of landed properties owners, you see the leverage here? They will even outnumber any police on patrol in the neighbourhood.

The residents are very concern about their safety and there’s nothing wrong with that. Who isn’t concern? I mean, they paid premium for the land properties for a reason right? Building a dormitory in the neighbourhood is going to affect home prices there.

If you walked into a posh restaurant in your slippers and as soon as you step in, you are going to expect stares as if you are walking on a red carpet to the Oscar. Can you blame anyone?

Sometimes people speak in strange languages which I have never heard of, they look like Indonesians but they don’t speak Bahasa Indonesia. I wonder where they came from. I am just curious.

1000.

Even 300 Spartans will have problem with 1000 of them.

This is scary.

We won't discriminate anyone, but we will still feel insecure.

Are economists useful to the economy?

They are never right with their forecasts. How many people actually believe in what they said? Macroeconomics is too vague to draw accurate conclusion, I was told once by a lecturer that no 2 economists will agree with each other. 

I will give my votes to Micro economists over the Macroeconomists if I have to choose one since the macro is too complex to understand and predict. Unlike in the studies of economics whereby micro is more difficult to learn as compared to macro but when it comes to applications, these are opposite. 

Anyway, I have yet come across an economist who can accurately forecast the GDP, but I do come across plenty of commentaries from them after events unfold. Will you trust a salesperson more than an economist?

Why were they here in the first place when they are way off target most of the time?

I don’t need bedtime stories from people who are telling me what I have already known.

In US, median salary of economists is around $72,780 with the top 10% earning more than $129,170 annually. Economic consultants with a Ph.D. had the overall highest median income for any group making $116,250, the median salaries for an assistant professor was $63,500, for an associate professor it lay at $67,000 and $85,000 for a full professor. The overall median income for doctorates in academia was $75,000 compared to $125,000 in consulting and $87,000 in banking.

Do you think they are overpaid? 

What have they been advising the banks prior to the sub-prime crisis?