Saturday, October 16, 2010

The Malaysian Budget 2011

The Malaysian Budget 2011 is a lavish exercise in spend, spend, spend. Shouldn’t we be careful with runaway expenditures? Shouldn’t we avoid the kind of excesses that Mahathir was famous for? Shouldn’t we clip, crop and cut back on thirteen consecutive years of fiscal irresponsibility? When Najib unveiled his RM5 billion 100-storey KL mega-project Warisan Merdeka, I already know the answer. Najib has thrown caution to the wind by opting for a budget that was everything except being ‘fiscally prudent’. In the longer term, the country will grieve.

The reign of Tom Hicks and George Gillett is finally over! Now New England Sports Ventures, owners of Major League Baseball’s Boston Red Sox, can finally complete the £300 million (RM1.5 billion) takeover of the EPL club when the last encumbrance in the form of a restraining order blocking the deal was lifted by a Dallas court (New Straits Times, October 16, 2010, p 48). Now that Liverpool’s long-running ownership saga has drawn to a close, can we please focus on the football?

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