Price of studying

"The benefits of studying are limitless and priceless", that's what my parents used to say. Well, now you can put a value to it. In a certain sense.

Degree adds 160,000 pounds to lifetime earnings

LONDON - A university degree adds an average 160,000 pounds to an individual's lifetime earnings compared to people whose education finished at A-level, a study said on Wednesday.
Medical graduates can expect the largest boost to their income, earning an additional 340,000 pounds before tax over their career, said the report conducted for the vice-chancellors' body Universities UK.

Graduates in engineering, sciences and maths enjoy the next highest increase, of around 240,000 pounds, said the study, prepared by accountants PriceWaterhouseCoopers and consultancy London Economics.

Men from lower socio-economic groups who earn degrees gain the greatest financial benefit compared to men from similar backgrounds who do not attend university.

The study also found that the massive expansion in university students over the past 15 years had not eroded the so-called "graduate premium".

It said this was because demand for people with university qualifications had increased in line with the supply of graduates.

"Higher education is still clearly a worthwhile investment for the individual," said Universities UK Chief Executive Diana Warwick.

The study challenges concerns that rises in student fees in England have reduced the financial benefit of a degree.

It calculated that students were actually slightly better off, in part because they no longer have to pay tuition fees up front. (Reuters, 7 Feb)

While £160,000 (S$480,000) looks significant, an average worker's career lifespan approximates 35 to 40 years. On that note, having a degree adds less than £400 to one's monthly salary. Premium of having a degree?

Most people have degrees nowadays and, I think, no longer gives an edge over non-graduates. Ever since I started working in the banking market, I could see that it's MBAs that are a lot more valuable as the MBA graduates tend to get hired in Front Office (where the moolah is).

My MSc course at Imperial College costs £22,000 (excluding books). Investing that in a fixed deposit at 6% a year will get me £120,000. That means I only get a net £40k benefit over 35 years. Worth it? It has been more than 3 months since I stopped studying. Maybe it is time to dust off the covers and start "burning the midnight oil" again.

Back from Hamburg/Lubeck

What a tiring trip. Just got back 30 minutes ago and Xueyan obviously got a cold from the wintry weather in Hamburg/Lubeck. Quite a nice town for a weekend getaway. A pity the sun wasn't around to meet us.

Remembering NS after 10 years...

I was looking for the theme song of former NS brigade when I came across the following ads (not exactly) which had me in stitches. My British colleagues obviously couldn't quite understand why I was laughing with tears. It has been 10 years since I went into the army and blimey it was certainly an interesting adventure. In retrospect very funny. And totally a waste of time.

Elephant in the Way

Crooked Cashley Cole

I do not believe in karma but I can't help but felt some of it in Mr Cashley Cole.

Cole's season not over despite knee injury

Chelsea expect Ashley Cole to play again this season after the England international defender was diagnosed with posterior cruciate ligament damage.

The left-back was injured during last night's Barclays Premiership clash with Blackburn when he twisted his left knee - and it was feared he may be ruled out for the remainder of the campaign.

However, a scan has revealed the 26-year-old does not require surgery - and the club's official website tonight said he is expected to feature again this season for the Blues.

However, the player is almost certainly out of the England squad for next week's international with Spain at Old Trafford.

Cole was carried off on a stretcher during the second half of Chelsea's 3-0 victory last night.

The former Arsenal defender trapped his studs in the turf as he attempted to control the ball and went down in agony clutching his left knee.

Cashley Cole was one of my favourite Arsenal (now ex) players until he moved across the city to join the Russian revolution - Chelski. Whether it's for money or motivation, I no longer care cos it's history and he's history. I dun feel at all sad for him and I know how terrible knee injuries can be, more so a professional (since I have had knee reconstruction surgeries on BOTH knees). Is this case of posterior knee ligament injury some justice for Gooners?

Congrats to the Lions but...

... how on earth can this happen?

Shambolic scenes overshadow Asean final

Singapore beat Thailand 2-1 on Wednesday but the first leg of the Asean football final was overshadowed by shambolic scenes when the Thai team walked off the pitch for 15 minutes.

In a fiery contest, a dubious penalty decision eight minutes from time sparked the walkout that showcased the worst of Southeast Asian football.

Noh Alam Shah was adjudged by Malaysian referee C. Ravichandran to have been pulled down by Thai centre-back Niweat Siriwong but the Thais were not ready to accept the decision.

After manhandling the referee the team stormed off the pitch and refused to return until Asean football officials persuaded them to get on with the match after holding it up for 15 minutes.

Mustafic Fahrudin calmly converted the spot kick to hand the defending champions their first victory over Thailand on home soil for almost 30 years and a psychological boost ahead of the return leg in Bangkok on Sunday.

It capped a frantic and scrappy match, with just one shot on target in the first half.

It came from Singapore who shocked Thailand by prising open their defence against the run of play to take the lead in the 17th minute.

Indra Shadan Daud picked up the ball on the edge of the box and had two stabs at goal, which were both blocked by the Thai defence.

The ball bounced to Fahrudin whose shot landed at the feet of Shah who swivelled and let rip from 10 yards with a left foot rocket that Thai goalkeeper Kittisak Rawangpa flayed at but missed.

It was Shah's 10th goal of the tournament, built on the back of his seven goal haul against Laos in the group stages, and he was ecstatic, gesturing to the 55,000-strong crowd to get behind the team.

Fired up, Singapore played a physical game and at times it was brutal.

Four yellow cards were brandished in the first period, and seven in the match, with both sides fortunate that the referee didn't get out the red as dangerous tackles came thick and fast.

Thailand came out in the second half a different team, immediately pressing on the attack, and scored with their first sniff of goal four minutes after the break.

Striker Pipat Thonkanya picked up a ball slotted through the Singapore defence after a midfield blunder and calmly rounded goalkeeper Lionel Lewis to roll the ball home for the equaliser.

Pipat had another chance four minutes later after some sloppy Singapore defending but lashed his shot high and wide from just inside the penalty area.

Thailand could sense victory as the home side lost their composure and they were unlucky not to score before the penalty decision that brought the game to a standstill. - AFP

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It's probably very easy to say the Thais were big losers, but I guess that is the harsh reality. An ever-present in Asean cup finals and undisputed soccer champion. This defeat is probably hard to take, especially on away grounds. Not to mention, Thailand survived a tumultuous 2006 with a political coup, upheaval in the equity market, social/economic uproar over Shin Corp. This defeat might just have broke the camel's back.

A New Wonder

For the last 15 months, we have struggled with watching TV programmes. Back home i.e. Singapore, my place was wired up with Starhub Cable TV. Many channels with unlimited programmes especially soccer meant I could spend hours in front of the TV and not get bored. This until London.

There are basically 4-5 BBC channels for non-cable subscribers. BBC, being BBC, was a bore. Initially the international news and documentaries were pretty interesting, but as a seasoned potato couch, that is never good enough. Cable TV is also pretty expensive(£50+) and does not carry our much-missed Hong Kong series. Despair and sorrow sets in... until we discovered....


Basically, SoP is abbreviation for Streaming over P2P. Sopcast is the Streaming Direct Broadcast System based on P2P. The core is the communication protocol produced by Sopcast Team, which is named Sop://, or sop technology. Their goal is to let everyone in the world have a chance to set up their own on-line media world.

With this, I was able to catch Arsenal vs Bolton live on ESPNStar Sports or watch Phoenix TV or Star Movies. Folks back home probably will not appreciate this that much given the overwhelming number of shows available on Starhub and, more importantly, live soccer games.

Have a try and you might be able to catch some UK shows!

A Game of Two Halves

I snapped this on the way to church this morning. No idea what statue this is, other than it being behind Westminister Abbey. We were late for church but I can't resist shooting this. Especially since sun's a premium in London these days. Kiah Ngee was due to travel to Tokyo in the afternoon so we missed the weekly ride. And as usual we were late (Ms Wee refused to wake up until I have showered which is a little silly since I have my own toilet and she has hers).

The CG was scheduled for catering duties today. I was totally mad as we were supposed to sell coupons to the church members queueing up to buy lunch boxes (£2.5 which is pretty decent). Yet some members were going straight into the kitchen for their own personal transactions. I spoke aloud, saying why are there two queues and why wouldn't people following the correct queue? Some had the audacity to say that they are church staff and need to buy for others. Blimey, din know we have 60+ church staff.

Back to the subject title, bogey team Bolton managed another "victory" against Arsenal; this time playing to a 1-1 draw in the FA Cup. The Gunners couldn't cope with the physical play and aerial bombardment for the first half, and, unsurprisingly, fell behind to a Kevin Nolan's goal shortly after the break. Toure's equaliser was particularly sweet and the endless attacks on the Bolton defence cannot yield another goal. If only Arsenal plays like that in the first half. Cesc, as usual, has a fab game. Too bad, another energy-sapping game at the Reebok. This time, I will be praying for two good halves.

Blood on our hands?

Just came back from watching "Blood Diamonds", the show starring Leonardo DiCarpio and Jennifer Connelly. It's a show, as aptly titled, about conflict diamonds and how the money generated by the mining, export and sale of such diamonds are used to fund civil wars in Africa.

I have heard/read about this before but had not paid much attention to it. Diamond is a gal's best friend and a wallet's worst. I have brought rings and necklaces before yet I have never considered the possibility of them having "blood". I did a search on certain jewellery shops and, phew, that they are conflict-free.

As much as the show was about diamonds and how people were going around killing their own people (of the same nationalities and colour), I was particularly disturbed by what Leo said in the middle of the show. He was with Jennifer and, with a bottle in his hand, said:

"Will God ever forgive us for doing this (ie the killing) to one another?" He paused and said
"No, He has forsaken this place a long time ago".

Will a great and mighty God, so full of love that He gave His only Son to die for us, do that? On the contrary, it's the evilness in Man and the pursuit of power and the lust for material, temporal things that drive all these insane behaviour.

God is around and watching and, probably, weeping at His Creation. And He knows He gave us a choice - to choose His ways or ours. And for most of us, and more often than not, it's the latter.

The KPMG Way(ang?)

The KPMG Way defines our common purpose and reflects what we stand for and what it means in practice, namely that we are:
Professional. We are knowledgeable, act with integrity, and strive to provide services to the highest professional standards at all times.
Understanding. We develop strong, enduring, and independent working relationships with our clients, both as individuals and as teams.
Challenging. We proactively seek to establish the facts and apply judgment, in order to provide insightful advice.
Successful. We recruit and develop some of the best people and demand the highest standards of performance for our clients and for KPMG.

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This came just when I was about to leave KPMG. A very idealistic but proactive move towards creating a perfect working environment for KPMG staff. Recently an email went around the small city of Singapore of an ex-KPMG auditor complaining to the Head of HR regarding certain instances of ill-treatment resulting in his/her eventual departure after only half a year in KPMG Singapore. The actual email is not posted here because:

1. Contents have not been verified;
2. Should remain P&C (even though it was forwarded by a KPMG staff); and
3. Bias as it came only from the ex-auditor.
   

Amongst the grievances:

1. Lack of guidance given by seniors;
2. Verbal and emotional abuse;
3. Late hours; and
4. Lack of empathy demonstrated by superiors.

The most worrying thing (for me) regarding the email, however, was not the difficult circumstances he/she was in BUT how it relates completely to my situation back in KPMG Singapore. I remember:

1. Working the first weekend I joined KPMG;
2. Spending National Day, Hari Raya, CNY in office;
3. Spending two nights and sleeping on the carpet at the client's place; and
4. Working virtually 18-hours weeks for a good part of the year.

However I do not remember having any desire to pen such a letter. In fact, I had excellent memories of my time in the firm. Seeing many of my colleagues "fighting" alongside me during those late hours, seeing the satisfied faces of my audit clients and having long lunches/coffee breaks bitching about our managers (who are still around). Yet, I asked myself, am I guilty of those charges brought by the ex-auditor? I do remember the insane deadlines and having to leave my juniors to fend for myself while I fend off the managers and clients. Did they ever feel the same and not complain because I was too oppressive? Did I drive them to insane hours causing them to age?

Perhaps these are questions I can never get answers. Hopefully I have been good. =)

Rude awakening!

Woke up this morning feeling extremely chilly. Thought it was due to the cold wind coming in from the window I left open last night. Little did I know I was in for a freezing shock.

It hasn't snowed in ages (not least in the 14 months I was here). Little wonder Arctic temperature was predicted. Gosh, time to layer.

I hope that's not Meng Yang's car

Life in UK - The Ant and the Grasshopper

CLASSIC VERSION: The ant works hard in the withering heat all summer long, building his house and laying up supplies for the winter. The grasshopper thinks he's a fool, and laughs and dances and plays the summer away. Come winter, the Ant is warm and well fed. The shivering grasshopper has no food or shelter, so he dies out in the cold. THE END.

UK VERSION: The ant works hard in the withering heat all summer long, building his house and laying up supplies for the winter. The grasshopper thinks he's a fool, and laughs and dances and plays the summer away. Come winter, the ant is warm and well fed. So far, so good, eh?

The shivering grasshopper calls a press conference and demands to know why the ant should be allowed to be warm and well fed while others less fortunate, like him, are cold and starving. The BBC shows up to provide live coverage of the shivering grasshopper, with cuts to a video of the ant in his comfortable warm home in Hampstead with a table laden with food.

The British are stunned that in a country of such wealth, this poor grasshopper is allowed to suffer so while others have plenty. The BH-Liberal Party, the Respect Party, the Transvestites With Starving Babies Party, the Single L£sbian One Eyed Mothers Party and the Coalition Against Poverty demonstrate in front of the ant's house. The BBC, interrupting a Rastafarian cultural festival special from Grimsby with breaking news, broadcasts them singing "We Shall Overcome." Ken Livingstone laments in an interview with Panorama that the ant has got rich off the backs of grasshoppers, and calls for an immediate tax hike on the ant to make him pay his "fair share".

In response, the Labour Government drafts the Economic Equity and Grasshopper Anti-Discrimination Act, retroactive to the beginning of the summer. The ant's taxes are reassessed, and he is also fined for failing to Hire grasshoppers as helpers. Without enough money to pay the fine and his newly imposed retroactive taxes, his home is confiscated by Camden Council.

The ant moves to France, and starts a successful AgriBiz company [funded by the EU] (although within weeks, his business is threatened with Compulsory purchase by the state unless he marries a French ant). The BBC later shows the now fat grasshopper finishing up the last of the ant's food, though Spring is still months away, while the government house he is in, which just happens to be the ant's old house, crumbles around him because he hasn't bothered to maintain it.

Inadequate government funding is blamed, Diane Abbot is appointed to head a commission of enquiry that will cost GBP10,000,000. The grasshopper is soon dead of a drug overdose, the Guardian blames it on the obvious failure of government to address the root causes of despair arising from social inequity. The abandoned house is taken over by a Gang of immigrant spiders, praised by the government for enriching Britain's multicultural diversity, who promptly set up a marijuana growing Operations and terrorize the community. THE END.

Won the battle, Lost the war

Apart from the opening 10 minutes, Arsenal totally overwhelmed Manure. 2-1 looks tight (especially an injury time winner) but there's no denying Arsenal was, clearly, the better side. Rooney's theatrics and Ronaldo's time-wasting tactics were shameful and takes away the shine from the huge potential and match-winning abilities.
As said, Arsenal is probably not going to win the League after league defeats at Bolton and Newcastle and the inability to win while clearly on top (at home to Newcastle). This win, however, got us bragging rights and, more importantly, a greater sense of self-belief. A group of up-and-coming players against has-beens.
Opening up the title race and ensuring an exciting finale isn't of interest to me since Arsenal is not longer to be in it (I am a realist). The Champions League is of utmost importance, giving the tottering south London neighbours a stuffing comes a close second.
If Arsenal can win the CL and FA Cup, it may well be a dream come true.

7 hours to reality...

The buzz and adrenaline has yet to set in, despite the game being less than 7 hours away. Looking outside, the weather looks very good. None of the hurriance-strong winds that have been hitting London. Emirates has not had a memorable game to date, a fortess that has been built but not feared.

Here's how I think the teams will line up (and the stronger of the two).

Lehmann - Van der Sar (Lehmann)
Hoyte - Neville (Neville)
Toure - Vidic (Toure)
Senderos - Ferdinand (Ferdinand)
Clichy - Evra (Evra)
Rosicky -Ronaldo (Ronaldo)
Helb - Giggs (Giggs)
Flamini -Carrick (Carrick)
Cesc -Scholes (Cesc)
Henry -Saha (Henry)
Van Persie -Rooney (Rooney)

7-4 in favour of Manure. Man-for-man, Arsenal does look the weaker side since we have no big names BUT collectively we should give the current league leader a run for their money. After all we beat them 1-0 at the Bishan Stadium. All about fulfulling the "potential" and bragging rights come Monday. I am rooting for a 2-0 score (hoping a clean sheet since I have Clichy, Cesc and Henry in my Fantasy football team!).

Com'on Gunners!

Xuefeng's Grad Trip

5 May (Sat)
Arrive in London in the morning. Chauffeur to pick up Tau Yee, Meng Yang and Xuefeng from Heathrow to Canary Wharf. To fight the jetlag, no staying at home for the morning and afternoon.
Visit Greenwich in the morning and then take a river cruise down the Thames from Cutty Sark to Tower Bridge. Visit Tower Bridge and Tower Hill, then proceed to Borough Market for lunch. Visit Tate London and then to London Eye for an 1hr ride. Sightseeing at Westminister (Big Ben, Parliament House).
Finish off with dinner at Covent Garden (either Spanish or Belgian). Walk down the river towards Waterloo and then proceed home for an early night coz adventure starts tomorrow!
6 May (Sun) - 8 May (Tue)
Fly via Easyjet to Venice (depart at 730am). Visit Doge's Palace (Palazzo Ducale) and Piazza San Marco (St. Mark's Square), and enjoy a gondola ride on the canals. Leave in the afternoon for Milan.
8 May (Tue) - 9 May (Wed)
Milan is a stopover for us going into Switzerland since there is only one train leaving from Venice. Spend the day shopping and do some sightseeing in Milan (Lake Como for me, shopping for the ladies). Spend a night in Milan and leave for Luzern in the evening of Wed
9 May (Wed) - 13 May (Sun)
Luzern will be our launchpad for most Swiss activites. We will be travelling westward towards Gevena. Things to do:
Eiger - Jungfrau Glacier Panorama View
Mount Titlis
Interlaken
Geneva
Xueyan and Yibao will depart from Geneva to London. The rest will continue on a train towards Paris. Reach Paris on Sunday night (which is good since all retail shops are closed in Paris on Sunday)
14 May (Mon) - 16 May (Wed)
Visit Eiffel Tower, Shopping at Champs-Elysees, art appreciation at the Lourve, Dame hunting at Notre Dame, cruise down River Seine. Leave for Amsterdam in the afternoon via train.
16 May (Wed) - 18 May (Fri)
Arrive in Amsterdam. To stay at Marriot Renaissance. Spend the afternoon touring the small town of Amsterdam, visit Anne Frank's House. Thursday morning - take Half Day Tour to Alkmaar Cheese Market and Schermerhorn Windmills. Afternoon in Amsterdam. Friday morning - take Half day Tour to Keukenhof tulip garden. Afternoon return to Amsterdam for free and easy. Depart for London in the evening (Reach 5pm). Musical in the evening in London West End (either Phantom of the Opera or Mama Mia!)
19 May (Sat)
Day trip to Cambridge. Dinner at Royal China.
20 May (Sun)
Free and easy in the morning - Xuefeng to decide. Afternoon at Buckingham Palace. Leave for Singapore at night

Silly me!

Someone found a glitch on the Ryanair website the other day and shared the "good news". Tickets went for just 1p (yes 1pence=S$0.03) WITHOUT TAXES and SERVICE charges. Seeing this good offer, I went ahead and booked 4 tickets for ourselves and Pat/Jamie. The total charge came out to 8p (return). Guess what silly me did? I paid by credit card and incurred £14.10 on the transaction. Darn, really stupid. Good thing it's shared by 4 persons which mean each of us has to pay just £3+ pounds on the flight. Still, an extremely good deal.
I had no idea where to go, so long I can get the tickets. Every other place was being snapped up. I saw that Hamburg, Germany was still available and went ahead to buy the tickets with no idea of:
1) Where in Germany lies Hamburg?
2) What to do/see in Hamburg?
3) How to get to Hamburg from the Luebeck airport (where we are flying into)?

Turns out that this "confused purchase" has just brought us to a UNESCO World Heritage in Luebeck! Check out the link. Instead of going Hamburg, now we might just stay on in Luebeck to enjoy this mediaeval town!

I passed my exams!

Now onto CFA Level II. Sigh got to start studying again....

iCar in 2008?

Time for me to change handphone?

My present phone

The new iPhone

The iPhone is much higher-end than I thought it would be: It has not only GSM, EDGE, and Bluetooth (and notably, not one of the 3G high-speed cellular networks) but Wi-Fi and a gigantic, super-high-res touch screen. It surfs the Web with a desktop-quality browser and gets push e-mail — but notice that it's personal Yahoo! e-mail, not corporate e-mail, and there's no solution for editing document attachments. This is a consumer phone, not a business phone.
But high-end smartphones like this are only a sliver of the U.S. market, and most of them are sold to business customers, not to consumers.
If Apple hopes to sweep the nation, it'll be banking on its famed usability and brand identity to push this costly device (one of the most expensive phones I've ever seen, even with a two-year contract) forward.
The interface looks a lot like an iPod, and a lot like OS X. This is good — great, in fact — because cell-phone interfaces have needed an overhaul for years.
Many phones today are based either on ancient OSes developed before mobile media, or picky PDA operating systems designed to be tapped with a stylus.
The iPhone's elegant scrolling and big buttons take smartphone applications and get rid of the need for a stylus.
Apple aims to solve the famous problem of cell-phone usability with an all-touchscreen interface that you can tap with your finger rather than a stylus.
Americans haven't taken to all-touchscreen phones before because of the lack of tactile feedback proving that you've pressed a button, and the unattractive "screen grease" look that results from pressing your cheek to a touchscreen.
- Extract from Fox News

Arsenal 9 Liverpool 4

Over two games I meant. Liverpool fans and Weixiong, eat your hearts out! Absolutely the best "reserve" game I have seen in a while against a relatively strong side. After all, Pool's the third best team in Liverpool after Everton and Tranmere.

One for the memories!