A Marine and a Sailor were sitting in a bar one day, arguing over which was
the Superior Service.
After a swig of beer the Marine says, “Well we had Iwo Jima”.
Arching his eyebrows the sailor replies “”We had the Battle of Midway”.
“Not entirely true” responded the Marine. “Some of those pilots were
Marines, in fact, Henderson Field on Guadalcanal was named after a Marine
Pilot killed in the Battle of Midway”.
The sailor responds, “Point Taken”.
The Marine then says, “We were born at Tunn Tavern!”.
The sailor nodding agreement, says “But we had John Paul Jones”.
The argument continued until the sailor comes up with what he thinks will
end the discussion. With a flourish of finality, he says “The Navy Invented
Sex!”.
The Marine replies, “That is true, but it was a Marine who introduced it to
women”.

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There is a universal law that whatever you expect, you tend to attract. That’s why many of us don’t get the results we want. We may desire the best, but how many of us really think it’s possible? How many of us consistently expect the best?

A person cannot consistently doubt his or her ability to succeed, and then succeed. These thoughts of doubt will always attract failure. When you are faced with a difficult circumstance do you expect the worst or the best? Whatever we expect we attract. If it’s your habit to always expect the worst you’re simply adding fuel to the fire, creating more negative circumstances that will create more negative expectations on your part.

Your beliefs and expectations are the driving force behind your behaviors and your results. If your expectations are fear driven, they will impair your normal functioning and keep you from making positive and long lasting changes in your life. The good news is, your beliefs and expectations are just habits. Whatever reasons you have developed these habits, if you want to truly change your results, you must, absolutely change your habits of expectation and learn to expect the best.

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Oilpod investors are in a fix. It seems that they had afterall invested in a ponzi scheme. Hope everything goes well for them.

You can read more about the saga here

http://www.todayonline.com/articles/273587.asp

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One afternoon at the bank, in a long line of people waiting for a bank teller, one guy suddenly started massaging the back of the person in front of him. Surprised, the man in front turned and snarled, “Just what the hell do you think you’re doing?”

“Well,” said the guy. “You see, I’m a Chiropractor and I could see that you were tense, so I just had to massage your back. Sometimes I just can’t help practicing my art.”

“That’s the stupidest thing I have ever heard!” the guy replied. “I’m a lawyer. Do you see me screwing the guy in front of me?”

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Every man is a damn fool for at least five minutes every day;
wisdom consists in not exceeding the limit.

Elbert Hubbard

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Mr Jaka Prasetya, CEO of UNIFIBER SYSTEMS LTD, thinks that there is plenty of evidence that his company is worth significantly more than its current market value of S$0.085 or S$196 million. Besides its Net Asset Value (NAV) of S$0.14 per share, Mr Prasetya figures that the company’s forest plantation alone would fetch US$250 million in a liquidation. As he sees it, his company’s stock price ought to be worth at least S$0.15 but he concedes that whether it recovers to that level is beyond his control for now and largely dependent on the power of the punters in the stock markets.

5. Citigroup analysts said the current bear market could drag on until early 2009 amid the global economic slowdown and recommended investors stay defensive. “The economic downturn — which started with manufacturing and high-end residential property — is starting to broaden to other sectors,” Citigroup said in a client note. “We recommend underweighting banks, given slowing loan growth and volatile market conditions; favouring high dividend yield plays, particularly REITS and telcos; staying invested in the offshore and marine conglomerates.”

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Catalist-listed Megachem, an integrated specialty chemical solutions provider, reported a 18.6% YoY rise in revenue to S$40.9m in 1H08 and a 12.8% YoY rise in net profit to S$1.5m. Without a one-off gain from land sale in 1H07, net profit would have risen 51.7% YoY. Gross profit margin increased from 18.3% in 1H07 to 19.3% in 1H08. Revenue in all markets except China and Europe registered an increase. Its operations in China experienced a 24.9% YoY decline in revenue due to a shortage of materials for the construction industry as well as from stiff competition, while management expects that the Middle East and Vietnam would contribute greatly to future growth of the group. Going forward, management is concerned that high oil prices may exert pressures on profit margins, but it plans to pass on further increases in costs to customers.

As a well-diversified group with direct presence in 10 countries and covering many industries, management expects that business will be resilient to sector-specific downturns, but a global recession would hamper growth in the short term.

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Yongnam Holdings Ltd, an engineering and construction company, has posted a 71.2% YoY rise in revenue to S$133.8m in 1H08 and a 191.3% YoY rise in net profit to S$16.5m in 1H08. This excluded an exceptional gain of S$12.7m write-back of impairment on an investment property in 1H07. Revenue growth was led by a more than doubling in revenue from the structural steelworks segment, which accounted for 70% of total revenue. This was mainly due to increase in demand from projects such as Orchard Turn and the Marina Bay Sands Integrated Resort. Gross profit margins increased from 18.5% in 1H07 to 23.6% in 1H08. Excluding the exceptional gain, net profit margins increased from 7.3% in 1H07 to 12.3% in 1H08. Management is planning to secure more projects that require a certain level of complexity to command a suitable level of profit margin.

According to management, the current total book order of the company stands at S$318m, most of which will be recognized in 2009. It has also secured several new contracts including the Sky Park (S$50.3m), South Podium (S$81.4m), ArtScience Museum (S$41.4m), Casino and Theatre Podium (S$42m) construction projects for the IR project.

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Maury returned from a fancy private hospital and was telling his friend
Pauly all about his experience.

Maury: “The hospital I was in was very specialized.”

Pauly: “How so?”

Maury: “They had a food nurse who gave you food. They had a drug nurse
who gave you drugs. They had a coffee nurse who gave you coffee.”

Pauly: “I see. Did they have a Head Nurse?”

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One reason the Military Services have trouble operating jointly is that they
don’t speak the same language. For example, if you told Navy personnel to
“secure a building,” they would turn off the lights and lock the doors.

The Army would occupy the building so no one could enter.

Marines would assault the building, capture it, and defend it with
suppressive fire and close combat.

The Air Force, on the other hand, would take out a three-year lease with an
option to buy.

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