Thursday, July 26, 2007

Vulture investor

What is vulture investor? If it is someone who "who buys up defaulted emerging market debt and presses authorities through various legal devices to press the country to pay more", then I think he or she is smart and the blame should go instead to the lousy legal system in the 'victim'(?) country.

Does the term also apply to business to business (b2b, as opposed to b2g)? I don't know. But even if it does, why should a vulture investor be condemned? I don't get it.

Wednesday, July 25, 2007

Independent candidate? Yeah, right

There is no such thing as 'calon independen' (or, independent candidates -- I'm talking about election). I don't understand why people make such a big fuss over this issue.

Whoever you are, you can't run a populace alone. You would need support, cheer, organization, funding and all that. And that my friend, is called, 'party'.

Don't tell me you're independent. Because that is bullshit.

Update: A.p. at Cafe Salemba is less pessimistic.

Tuesday, July 24, 2007


Shoe manufacture workers are protesting against Nike. They demand that Nike extend its contract with its employers. Nike, on the other hand, was disappointed with the quality of the shoes. So, it gave a 9-month notice to its contractors before terminating the term, as required by law.

The workers should instead ask compensation, if any and justified by law, from their employers, not Nike.


Corporate social responsibility (CSR) should not be made mandatory by the State. By its very definition, CSR is voluntary action. It is part of profit maximizing effort by corporation. Yes, a few countries have experimented regulating it. And they are all in error. The main responsibility of corporation is to maximize profit so it can pay good dividend to its shareholders. If CSR is to be imposed on companies, then to be balanced, why don't you also impose something like PSR (people social responsibility)?

We have seen many companies made successful CSR. And they did it without any mandatory regulation.