I don’t know…

I really don’t know how some people constantly complain and vent about Asian-American social issues on an almost daily basis when I even have a hard time thinking of something to write about.  Between watching the financials imploding and finding free time to exercise, I just don’t know how people with full-time jobs can devote so many hours venting about being Asian.

For those guys who vent about not being able to approach White girls to dating them, I’ll let you in on a secret: just be yourself.  Be yourself as in the well-rounded person, with all the strengths and quirks, that someone would want in their lives either as a friend or much more.  Just start a conversation on something relevant at that particular time and go from there.  The only instances where I saw Asian guys having issues with White girls were when they started exhibiting stereotypical Asian mannerisms as seen in traditional Hollywood portrayals (arrogant, insecure, uptight, overanalytical) or not knowing English.  Otherwise, it’s like any other relationship.

For the really insecure Asian guys who are starting to annoy me, let me say this: STOP IT.  These are the guys who still try to confront the girl (White, Black, Hispanic, Asian, etc) long after they don’t want to go on a second date.  I had the unfortunate instance of being dragged in by my friend to help keep that guy from confronting her. I don’t know the details, but the guy was making himself look like an even bigger ass by doing that.  He could have just accepted the situation, stayed on good terms with the girl and met her friends (who may be better people).

For the guys who have issues with non-Asian girls, they seem to be hardwired to believe that those girls are special when they’re not.  Whether they are White girls, Black girls, Latinas, or mixed girls, they are just girls and they are often overrated compared to Asian girls.  The moment guys overidealise an ethnic girl is the moment when they start acting strange or find themselves unable to converse because they are easily intimidated by the non-Asian girl by virtue of her ethnicity.

For the insecure Asian guys, it seems like they are the unfortunate by-product of either parents or the school system accomodating them.  Hence, this results in entitlement issues for these guys.  It’s possible that they may have grown up believing things will usually go their way if they work like slaves regardless of how others feel.  It’s possible they may have been consistently accommodated by their parents or school systems with constant recognition and rewards to the point where they feel they should get something based on perceived superiority or success.  The reality is, none of us are entitled to anything and sometimes things do not work out as expected.  Getting overly confrontational and insecure when things don’t go as expected will not change the situation and will rub people the wrong way.

So that is my rant for the night because I can’t sleep.  This week may be yet another wacky week with the bailout being finalised for voting, Wachovia getting into some trouble, Neo-Nazis gaining seats in Austria’s parliament, tainted Chinese milk, and work.

RIP Paul Newman.

Uncle Sam falls to the Dark Side

Nore feat. Daddy Yankee – Oye Mi Canto

If You Latino Right Now Stand The Fuck Up!!!

SBK…(SBK)
Alive…(Alive We Comin’ Up!)
With Nina Sky…(Nina Sky Wassup Girls?)
N.O.R.E & Tego…(N.O.R.E., Tego)
Gem Star…(Gem Star) Big Nato..(Ah Big Nato)
C’mon,..C’mon

Whoa…Whoa…Whoa…Whoa
What U Say?

Boriqua (HA!) Morena (HA!) Dominicano (HA!) Colombiano (HA!)
Boriqua (HA!) Morena (HA!) Cubano (HA!) Mexicano (HA!)
Oye Mi Canto

You See This Is What Whey Want,
They Want Reggaeton,
WHAT? WHAT?
They Want Reggaeton,

Esta Lo Que Quieren,
Toma Reggaeton,
QUE? QUE?
Toma Reggaeton,

You See, I’m N.O.R.E. Keep My Story,
My Story I Always Kick It QUE?
When I Bone Shorty I Slap Culo And Listen QUE?

Soy El Gem Estrella Cuando Canto Lo Que Dicen, (WHAT?)
Una Nalga En El Culo Ella Grita, (WHAT?)

See Her Booty Gotta Rep For It’s Own,
I Be For Auto San Juan, Biamon,

Sol En Campo Santiago, Tabacco Y Rome,
Aya En Puerto-Rico Con Bacardi Y Rome
Ahh This All That
Creme Cheese & Baggel On It
Toma Reggaeton,
Remix Wit’ Tego On It
Este Un ??
Con N.O.R.E. On It
Un Reggaeton Con Gem Star Y Big Nato On It

[Chorus:]
Whoa…Whoa…Whoa…Whoa
Boriqua (HA!) Morena (HA!) Dominicano (HA!) Colombiano (HA!)
Boriqua (HA!) Morena (HA!) Cubano (HA!) Mexicano (HA!)
Oye Mi Canto

Al Dormir Cuando Suenan Venden Como Pan Caliente
No Se Me Duerman Con Aquella Gente
Si Quieren Comprar Vendale La Muerte
Y Contarle La Consencia Por Que No Le Encuentren
Digo Ayuda, Pero Si No Tiro La Sulla
La Jaula Esta Segura Antoja La Caulla
So Pica La Cuasahita Especialmente El Dia De Visita
Que No Llego Mi Viejita
La Muerte Corre, Se Sufre En Doble
No Llego El Sobre Que Cosa Pobrable Pal Puro
Investigarlo Mejo Creerlo Sin Verlo
El Que Se Enfreteria No Le Paso El Freno
Oye No Inverstigarlo Mejor Creerlo Sin
El Que Se Enfreteria No Le Paso El Freno
Ay Dios..Ay Dios
Caldejo..Caldejo..Caldejo

[Chorus:]
Whoa…Whoa…Whoa…Whoa
Boriqua (HA!) Morena (HA!) Dominicano (HA!) Colombiano (HA!)
Boriqua (HA!) Morena (HA!) Cubano (HA!) Mexicano (HA!)
Oye Mi Canto

MAMI! Venga Ver Lo Que Tengo Yo PARA TI!
Ya Siento Que Sin Ti No Puedo Vivir
Ay MAMI…(MAMI)…MAMI…(MAMI)
Hey..(Hey)..Hey..(Hey)
Oye Mi Canto
Mira Con Mundo Linda
Yo Le Canto Mira Asea Norte Ami Hermano
Yo La Mando…(Mando)
Hey…(Hey)…Hey…(Hey)

[Chorus:]
Whoa…Whoa…Whoa…Whoa
Boriqua (HA!) Morena (HA!) Dominicano (HA!) Colombiano (HA!)
Boriqua (HA!) Morena (HA!) Cubano (HA!) Mexicano (HA!)
Oye Mi Canto

[2X]
SBK Da Beast, Gem Star & Nato, Nina Sky (Wassup Girls)
Better Make A Call To The Big Homie In Puerto Rico
Tego Calderon (Wassup Boi!)

….Oye Mi Canto,
….Oye Mi Canto,
….Oye Mi Canto,
….Oye Mi Canto,
….Oye Mi Canto,
…Canto
…Canto
…Canto

My Open Letter to Congress

Here is what my friend wrote about the American financial meltdown:

Dear Congress:

Chances are most if not all of the major commercial and investment banks are insolvent. Not one of them is opting out of the do-not-short list, and they don’t seem to have the confidence in their survival to opt out of the Level 3 asset swap program Secretary Paulson is proposing.

It is also very likely that acutely dangerous systemic risk already exists, not merely from direct lines of credit among the banks, but especially from credit default swaps, which if activated by more than one large bank default would probably bring down many others. Remember, though, that this systemic risk is highly concentrated in the top 25 or so banks in the world, and does not jeopardize the 6,000 other community banks in the U.S.

Third, it is also highly probable that as this recession worsens, and as housing values continue to sink, forcing more foreclosures, the large banks will be even closer to collapse. Having worked for several years as a derivatives trader as well as having an MBA in Finance, I can tell you that it looks like catastrophe is already here.

What Sec. Paulson wants you to believe is that catastrophe is approaching, but it can be averted if only Congress acts urgently to give him the extraordinary authority he is requesting. The implication is if you don’t give him $700 billion in borrowing authority within a week, markets will collapse and it will be all your fault.

We’ve seen this drill before, with the Patriot Act and with the Iraq War authorization. The scare tactics, the urgency, the implied threat of blame for any failure – this is what the administration does.

If insolvency is here now for the big banks, the last thing you want to do is throw $700 billion of money that is not yours at bailing out the banks who created this disaster. You’ll need every bit of that money to protect the taxpayers and their deposits in these banks when these financial companies are thrown into the bankruptcy courts. You’ll need that money to make sure consumer deposits are protected with insurance.

And forget about comparing Paulson’s plan to the RTC. These Level 3 assets aren’t homes, condos, or commercial real estate that can be easily sold at the right price. They are bits of paper giving the bond holder the right to some small portion of thousands of mortgages, a right that is shared with all the other investors, who are required to agree on what is done with foreclosed properties in the pool. This is one of the reasons no one wants to buy this stuff, and no one will for many years until it is crystal clear what the final losses will be.

Paulson is basically scaring you and the rest of Congress into giving him unprecedented power to protect his friends on Wall Street. This decision you are making is probably as momentous as the Iraq War resolution. Don’t fall for this bailout disguised as the only way to prevent Armageddon. Armageddon is already here – at least for the big banks – and it needs an entirely different solution. Spend our money protecting us, by ensuring the FDIC is properly funded, by throwing these too-big-to-fail banks into bankruptcy if they truly are insolvent, by preserving the healthy parts of these banks while in bankruptcy, and bringing them back out again so they function under much better safety and sound regulations. We’ve had airlines functioning properly and safely for years while in bankruptcy, and there is no reason we can’t do the same with banks.

Please do not fall for some useless compromise or bipartisan agreement that gives the administration what it wants in the end. Kill this proposal here and now, protect us from this bailout, and deal with the real problem – the insolvency of the major banks, not the paper that is supposedly blocking their lending capabilities.

Please feel free to contact me anytime, regardless of hour. I will fly to D.C. if I have to in order to lay this out in front of you and your economic team. It means that much to me that you are fully educated as to the ramifications of this bill before you are allowed to saddle the taxpayer with the systemic risk inherent in our current financial system.

Sincerely,

J. Clay Waliski
(501) 454-4967
(870) 552-1047

On Tuesday…

I finally got Wii Fit after spending untold months finding a store that has it in stock.  After starting the programme, I learned that I was in shape but that the months being cutoff from an on-site gym has taken a toll on me.  Fortunately, there are enough mini-games to keep me occupied so this means I am going to put off Soul Calibur IV and GTA 4 for some time.

Despite that, I think I can do it if I put my back into it like that Ice Cube song.  Also, things are that bad on my end compared to what is going on in Wall Street as seen in this comic strip:

Fortunately things are winding down after last week and Morgan Stanley and Goldman Sachs made the right choice to become commercial banks although I doubt this will curb their high-risk investment strategies.

On a final note, I really think this $700 billion bailout proposed by Paulson, Bernanke, and Cox or Bush’s Three Stooges as I call them is a very dangerous and questionable move.  This will only prop up an already bad system at the expense of the American taxpayer and the World Economy.

Recession? Why worry? The Rich Will Go On

In spite of all the economic troubles in America, the high-risk investors, the incompentent executives, and even some Old Money wealth will be protected by the Bush Administration and the Federal Reserve.

Here is a cute comic that explains why:

Pro-Business bailouts are the way to go in America.  Aren’t you glad George W. Bush appointed Ben Bernanke and Henry Paulson to head the Fed and the Treasury?

A friend’s take on Japanophilism

I think that non-Japanese Asians are more immune to Japanophilia. They look less weird compared to Caucasian Japanophiles.

Let me explain why.

In East Asia, countries neighboring Japan are closely related to each other. Historically, they’re related. They copied from each other. Their ancient systems were highly similar. Their way of life was also to some extent similar. They ate similar food. They wore similar clothes. Their literary systems were similar. They produce similar works. They share similar legends and stories. They’ve been similar since ancient times. That’s why it’s not so weird for today’s non-Japanese Asians to sort of emulate other cultures (i.e. Japan) and integrate it to their lifestyle.

In fact, it’s undeniable that Japan is the pop culture mecca in Asia. It seems that most new stuff, style, concept, ideas, kitsch, art, movements, attitude and perspectives WITHIN THE POP CULTURE BOUNDARY comes from Japan (or from America but VIA Japan)

Japanese influence is unavoidable in Asia. Even for those Asians who HATE Japan, they’re still living under heavy Japanese influences. As an example, every time they step into a Karaoke, smoke a pack of Mild Seven, and slurp an instant ramen, they’re emulating what perhaps 80% of the Japanese people do on a daily basis.

Therefore, it doesn’t seem THAT weird for non-Japanese Asians to emulate Japanese lifestyle, because it’s far more natural for non-Japanese Asians to sway into Japanophilia. Japanese culture and influence is ingrained into the very fabric of societies in East Asia ever since the Japanese took over and colonize most of Asia. The gen-Y people are affected the most, because they were born at the height of the Japanese cultural expansion and economic bubble.

Compared this to, say, the United States, who has no racial and relevant historical connections to Japan. Clearly, American Japanophiles are perceived as less natural, because of the lack of obvious reasons for them to be wanting to emulate the Japanese lifestyle. American Japanophiles usually started their obsession towards Japan through media such as Anime. That’s why most people (especially the Japanese) think that it is weird to be obsessed with Japan through such small instance of the vast cultural plethora that is Japan.

Certainly, more profound understanding of a culture or a country is needed in order to decide whether or not one would want to be obsessed with that country.

Japanophiles’ biggest mistake is that they are gravely misinformed. They don’t understand what it’s like to be a Japanese, or being an Asian in general, even – their struggles, their dilemmas, their perspectives. All they can see is superficial, stereotyped and exaggerated lives of the Japanese depicted on Anime, manga, and films. They think that there are enough plethora of Anime subjects so broad that it covers every single aspect of the Japanese life – that if they watch enough Anime and read enough Manga, they think that they’ll know everything about Japan.

Japan isn’t some kind of Disneyland that you can just read pictorials and guide maps about it and then understand pretty much what it’s about. It’s a living, breathing country with all the complexities, dirtiness and problems found everywhere else in the world, in any society. When they finally GET that, hopefully, they’ll see no reason why should they want to become Japanese.

I said this because everytime I went to Japan, I always see some Japanophiles who behave like they’re visiting a GIGANTIC Disneyland where every citizens of Japan are ‘cast members’ and everything is to be gawked and be hysterically ecstatic about.

Some of them even took pictures holding multiple yakitori on their hands and making ecstatic faces (with V signs, of course). For goodness sakes, they’re just SKEWERED MEAT!

Whereas non-Japanese Asians are less obvious in the sense that conditions in their native countries aren’t that different from Japan. So, Japanese stuff aren’t that new to them. Therefore, they seem more natural when they actually blend into the Japanese society.

As I said, it’s impossible to avoid the Japanese cultural influence in Asia (especially East Asia). Everywhere you go in Taipei, Hong Kong, Singapore etc – you can pretty much see a slice of Japan in every corner of the streets. From the ubiquitous Best Denki, Yoshinoya, Mos Burger, to department stores like Sogo, Seibu, and Takashimaya. Not to mention J-pop blasting from radio stations, national TV, and every conceivable speakers and sound systems in public areas. And these stuff has been there ever since the gen-Y-ers were born. In fact, they don’t have much choice as most quality products are in fact, imported, sourced, or copied from Japan.

When you consider these things, it’s easy to understand why East Asians are more immune to being called a Japanophile – because that’s just who they are and Japanese influences are in their blood. They don’t have to be influenced – they’re born with it.

It is perhaps viable to say that Japanophilia is a NORM in East Asia, not a CURIOSITY, in the case of Western countries.

Who’s in the dock for the financial turmoil?

Who’s in the dock for the financial turmoil?
The UK, the US and many countries around the world are reeling from the current financial crisis. But who is being blamed and how valid is that blame?

Newspapers on either side of Atlantic are leading the inquest into just how the current economic crisis got this bad, gripping the United States and UK and spreading to Russia and Asia.

Several categories of individuals and institutions stand accused.

SUB-PRIME LENDERS

The root of much of the current difficulties lies in the sub-prime loans market, predominantly in the US. The sub-prime category refers to the category of borrowers at the highest risk of defaulting on their loan – perhaps those with a poor credit history or unreliable income.

The reason why this market became popular among lenders is simple, says Alex Brummer, City editor of the Daily Mail and author of The Crunch.

“The poorest people pay the highest interest rates,” he says. In the low interest rate years after 2001, sub-prime borrowers might pay two or three times the interest of a prime borrower.

And if some defaulted, it wasn’t the end of the world. Property prices were rising so fast in the US that the odd repossession wasn’t a major problem. In an atmosphere of speculation, many people saw there was money to be made in property and so the spiral continued.

“There were strippers in Las Vegas who became real estate brokers,” says Brummer.

But when the housing market took a turn for the worse, the problems started. Many borrowers were on deals that for the first two years had low rates and then switched to a much higher rate. Once house prices fell, borrowers who were struggling started defaulting on loans. Repossessed houses flooding onto the market caused a vicious circle.

By April this year, the FBI was already investigating 19 allegations of corporate fraud relating to sub-prime loans.

THE INVESTMENT BANKS

Of course, if it was just a case of sub-prime lenders suffering a rash of defaults, then the layman might assume that the damage would be limited to those lenders – like IndyMac and New Century – that have collapsed.

But these sub-prime loans were parcelled up and turned into complex financial products traded on markets all over the world. The esoteric nature of some of the products related to these loans has been blamed by many for the extent of the crisis.

“You have to ask what was driving the sub-prime market,” says Brummer. “It was the demand from the Wall Street investment banks. It had such good returns. They were incentivising [the lenders].

“The PhD mathematicians found ways of doing sub-prime loan derivative products and an insurance system.”

SHORT SELLERS AND SPIVS

One year ago, “short-selling” was a term that would have baffled most.

Now it is being widely blamed on both sides of the Atlantic for some of the worst symptoms of the current crisis.

WHAT IS SHORT-SELLING?

Short sellers borrows share
Sells share on market
Share price falls
Short seller repurchases share
Share returned to original owner
The price difference is mostly profit


A short seller effectively bets on the price of an asset, often a share, falling. Typically this is done by borrowing the share from the owner. The share is then sold and when the price drops it is repurchased and returned to the original owner. The short seller pockets the difference.

A headline from Britain’s Daily Express sums up the mood: “Don’t let the spivs destroy Britain.” The Daily Mail’s take was not dissimilar when it said: “Spivs, sharks and why the champagne corks were popping on meltdown Monday.”

In the US, Republican presidential candidate John McCain may have spoken for many when he attacked some types of short selling.

The practice has now been temporarily banned for shares in many listed financial companies in both the UK and the US.

Overvalued shares

But the stance of Hector Sants, boss of the Financial Services Authority, is revealing: “While we still regard short-selling as a legitimate investment technique in normal market conditions, the current extreme circumstances have given rise to disorderly markets.”

But there are some who say short-selling helps bring overvalued shares to heel.

The Securities and Exchange Commission kept in place trading rules that let speculators and hedge funds turn our markets into a casino
John McCain

“All that short sellers do is kind of force prices which are the true price even faster,” says Dr Thomas Kirchmaier, a member of the London School of Economics’ Financial Markets Group and an expert in corporate governance.

In other words, what leads sellers to short is finding out a particular asset is overvalued. But the process can be traumatic and generate its own momentum.

“[There is a view that] all it does is speed up reassessment of an institution – in a few days rather than a few months,” says Brummer. “But it is the suddenness that produces this immediate shock.”

At the moment the speed of the price drop robs governments and central banks of a chance to formulate a plan for intervention, meaning that the next domino soon falls.

THE REGULATORS AND CENTRAL BANKERS

In the US, the three-pronged regulation of finance by the Treasury, Federal Reserve and the Securities and Exchange Commission has been criticised. In the UK, the roles of the Financial Services Authority, Bank of England and government has also been questioned.

John McCain has openly called for the head of the SEC to go. “The Securities and Exchange Commission kept in place trading rules that let speculators and hedge funds turn our markets into a casino,” he said in one speech.

And there are plenty who take an equally dim view of the British equivalent, the FSA.

“In Britain light touch regulation in the case of Northern Rock and HBOS was no touch regulation,” says Brummer. “The degree of supervision on who becomes chief executive of these banks is just not good enough.”

But some, like Brummer, feel the FSA faces a struggle, armed as it is with small numbers of staff paid far less than those they police.

For Professor Richard Portes, founder of the Centre for Economic Policy Research, regulators and central bankers have been extraordinarily myopic.

“They should still have seen a lot of warning signs, in particular in looking at off-balance sheet operations.”

A key issue is the opacity of the banking system. If no-one can truly assess the liabilities of a given financial institution, how can they confidently lend it money? But this has helped people make money.

“You make money when it is opaque, you make money when you have got information that other people don’t have,” says Prof Portes.

And there are those who point the finger at the light touch of Alan Greenspan, chairman of the Federal Reserve from 1987 until 2006.

“He let them get away with murder,” says Dr Kirchmaier. “At the same time he had this monetary expansion – he would always bail out the market.”

The theory is that as financial institutions knew they were not bearing all of the risk, they have not acted as prudently as they might.

“You can’t let these banks go down because the impact on society is enormous. It is the state who has to bail out the banks.”

THE POLITICIANS

The first major casualty of the credit crunch in Britain was the Northern Rock bank, and there has been plenty of criticism of Chancellor Alastair Darling and Prime Minister Gordon Brown over the handling of its crisis and nationalisation.

The government in the UK, as in the US, has argued that this is a global crisis which cannot be put at the door of a handful of politicians.

But there are some who believe it can indeed, if only for the failure to speak out against certain excesses while the going was good.

“Politicians bear some responsibility in Britain,” says Brummer. “We allowed a culture of credit creation. At the end of last year the amount of credit in the economy was roughly the size of national output – the highest it’s ever been.”

Story from BBC NEWS:
http://news.bbc.co.uk/go/pr/fr/-/2/hi/uk_news/magazine/7625107.stm

Update on How to get Old Facebook Back on IE and Firefox

There is a new way to get the old facebook back! As follows:

°•––––•––––•––––•––––•––––•––––•––––•––––•°

MOZILLA FIREFOX USERS

1) download this add-on, grease monkey, which is found here:
https://addons.mozilla.org/en-US/firefox/addon/748

2) close out firefox and restart it.

3) Then get the script found here:
http://userscripts.org/scripts/show/33638 (the link is in the top right-hand corner, it says “Install This Script”)

4) Restart Firefox again.

if you don’t have firefox you can install it here:
http://www.mozilla.com/en-US/firefox/

°•––––•––––•––––•––––•––––•––––•––––•––––•°

INTERNET EXPLORER USERS

1) Download Greasemonkey here:
http://gm4ie.com/

2) Install the script at this page:
http://userscripts.org/scripts/show/33638

3) Restart IE and you will have the Old version of Facebook

°•––––•––––•––––•––––•––––•––––•––––•––––•°

After installing greasemonkey on either of these methods, go to facebook and it will probably come up as the new facebook at first, but if you wait a few seconds it will automatically change back to the old facebook! YAY! It should work for all firefox and internet explorer users if you follow the instructions correctly (but if it doesn’t, there’s nothing much i can do sorry!)

°•––––•––––•––––•––––•––––•––––•––––•––––•°

HOWEVER, PLEASE BARE IN MIND THAT THERE ARE SOME CONS TO USING THIS ‘OLD’ FACEBOOK’

• Applications do not work
• Facebook chat does not work
• It is slower than the ‘new’ facebook

To switch back and forth between the old and the new facebook, you simply click the monkey at the bottom right-hand of the page (ie. a sad-greyed out monkey face means that you are using the new facebook, and vice-versa.)

Finally, to switch permanently back to the NEW facebook:
go to ‘tools’
click ‘add-ons’
then click ‘disable’ or ‘uninstall’ the greasemonkey application

°•––––•––––•––––•––––•––––•––––•––––•––––•°

Thanks for reading, Hope this helps!

Another Way to Get the Old Facebook Back

If you (like me) are pissed that you have to use this ‘new facebook’ …I found a way to get the old facebook working again! As follows:

1) Click this link….
http://www.facebook.com/apps/application.php?id=2345053339

2) Click ‘Add application’

3) Then click on this link…
https://www.facebook.com/home.php?fbold_opt_in

And ba-da-bing-ba-da-boom, your normal facebook is BACK!
woo-hoo! :)

It looks like Facebook is hellbent on forcing its users to migrate to the New Facebook as the above links no longer work.

^^^^^^^

There is actually another way to get it back to the old facebook, BUT it only works for FIREFOX users.
Tis as follows:

1) First, install the ‘Greasemonkey’ application:
https://addons.mozilla.org/en-US/firefox/addon/748

2) Click ‘install this script’ … which is located at the top right of the page.
http://userscripts.org/scripts/show/33638

Admittedly all this installing does seem a bit dodgy at first but I am absolutely cetain this works! If you do find any problems with this way tho, please let me know on the group wall! :)

Just be aware that the scripts will disable the Facebook Chat when you are switched back to the Old Facebook.