Wednesday, August 10, 2011

Concerns of the people

I read the views of Dr. Tony Tan on the role of the President. He now wants to understand the concerns of the people and to bring them to the attention of the government, using the appropriate channels, i.e.both formal and informal. 

Dr. Tony Tan now shares my position (stated in my statements found in www.tkl2011.com) that the President must speak up on behalf of Singaporeans. With our views converging, voters now have to decide on who can act independently of the Government in looking after the interest of the people.



It seems that Dr Tony Tan also disagrees with the Law Minister that the President cannot speak without the approval of the cabinet. 

Tan Kin Lian

Carrying out the pledges

Dear Mr. Tan,
You are the only Presidential hopeful who has pledged to donate at least half of the President's salary to charity. The other hopefuls are keeping silent on this point. 



You have also explained in detail how you wish to implement the "voice of the people" by forming a Presidential Personal Council. At least you have the plan to implement your key platform. I do not know how the other hopefuls plan to connect with the people. Maybe they will copy your idea - so you should copyright it.


Daniel

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Reduction in yield

If you invest in a unit trust, look for one with an expense ratio of not more than 1%. If you buy a life insurance policy, look for one where the reduction in yield (similar to the expense ratio) is not more than 1.5%. The additional 0.5% is for the cost of life insurance protection.

Most life insurance policies have a reduction in yield of 3% to 4%. This eats into the return that should be given to the policyholder. A reduction of 3.5%, compared to a benchmark of 1.5%, means that one-third of the maturity value is taken away.

I wish to explain the reduction in yield. You can take the projected maturity or cash value of the policy at the end of (say) 25 years and the annual premium to calculate the actual yield, say X. The insurance company used a gross yield, say Y, to project the cash value. The difference (Y-X) is the reduction in yield. For example, if the insurance company uses 5.25% to projected the cash value and the actual  yield is 2%, the reduction in yield is 3.25%.

Read this article carefully to understand the impact. 

Brands Now Direct Their Followers to Social Media


Brands Now Direct Their Followers to Social Media

MARKETERS promoting their products online have followed a fairly standard arc historically, first buying digital ads and building their own Web sites in the early years of the Internet, and more recently amassing followers on social networks like Facebook and Twitter.
Now, companies increasingly are running online ads that focus less on pitching their products than promoting their Facebook pages and Twitter accounts.The ads, which have menu tabs and increasingly resemble mini-Web sites themselves, allow users to click within the ad to see a brand’s Twitter messages or Facebook wall posts in real time, or to watch a brand’s video content from YouTube — all without leaving the Web page where the ad appears.
Ritz crackers, a product of Kraft, used in-text ads to highlight its Facebook contest promotion with the television show “Glee. A recent online ad for Mrs. Meyers, the cleaning brand, for example, said, “Clean should smell better” and instructed users to “Hover to expand.” When a cursor is placed over the ad, it extends downward to expose an area that, depending on what button is clicked, displays real-time Facebook wall posts, Twitter users posting about Mrs. Meyers, or a video from the brand about Thelma Meyer, for whom the brand is named.
Although Internet users rarely click on an ad to be taken away from a page — only one in a thousand do so, according to Google — they could engage with all those tidbits in the Mrs. Meyers ad without leaving the Web page they were visiting.
And engage they did, according to Flite, the media and technology company that produced the ad.
Consumers on average spent 30 seconds interacting with the ad, compared with an average of what, according to Google, is just 11 seconds. In addition to spending more time on the ad, consumers were more likely to click on a “learn more” button to go to Mrs. Meyers’ own Web site, with 35 of every 1,000 users clicking through, compared with an average, again, of just one in 1,000.
“Brands are building a great presence on social networks and are looking at ways of making it more accessible,” said Giles Goodwin, president for product and technology at Flite.
The company refers to its technology as a “cloud-based ad platform” because it infuses ads with live content from other sites including Facebook and Twitter, and it has produced such ads recently for brands including Coca-Cola, LancĂ´me, Volkswagen and AT&T.
Another media and technology company, Kontera, is taking a similar approach with in-text advertising, where advertisers pay for keywords to be hyperlinked within an article or blog post. While clicking such words often takes users to an advertiser’s Web site, with Kontera, ads pop out in a window on the same page, and many ads that Kontera is doing these days highlight advertisers’ social networks over their products.
In recent ads for Ritz crackers, the Kraft brand, for example, the brand wanted to highlight a promotion with “Glee” that included a sweepstakes to win a trip to meet the cast of the Fox show on their set in Los Angeles.
On the Kontera network of sites — which include those for the magazines U.S. News & World Report, Shape and Men’s Fitness — words in content likely to relate to the show, including of course the word “glee” and the names of both the characters and the actors who play them, were highlighted. Positioning the cursor over those words caused an ad to pop out in a window that promoted the sweepstakes and highlighted posts on the Ritz Facebook page about the show and contest.
“Social media is not a tactic that stands alone from your advertising campaigns,” said Chris Karl, a senior vice president at Kontera.
The “Glee” in-text ads presented themselves to fans of the show when they were most likely to be reading about it, then ended up signing them up as followers of the brand on Facebook, which was required in order to enter the sweepstakes.
As for why Ritz aligned itself with the television show to begin, the crackers, often served at social occasions, share the show’s spirit of being “all about fun and a champion of fun,” said Sheeba Philip, the marketing director for Ritz.
“A program like Kontera’s is really effective for reaching consumers with common and shared passion points,” Ms. Philip said. “It really was a push to drive people to Facebook to learn more about the brand.”
For other in-text ads by Kontera for Verizon, the brand did not even promote its own social network account, but rather that of Will Power, the race car driver who competes in the Indy Racing League, and whom Verizon sponsors. While Mr. Power is not, of course, likely to send Twitter messages with Verizon slogans, in the photo of the driver posing alongside his car on top of his Twitter page, the Verizon logo is prominent on both his uniform and car.
Andy Smith, a co-author (with Jennifer Aaker) of “The Dragonfly Effect: Quick, Effective, and Powerful Ways to Use Social Media to Drive Social Change,” said incorporating live content from Facebook and Twitter allows online ads “to feel less static,” and even to be “at least as current if not more current” than adjacent editorial content.
Even if those live snippets in ads include brands apologizing about missteps or customers griping, it still could benefit advertisers because in an era when consumers actually become friends with companies on Facebook, those consumers may expect some warts-and-all human characteristics.
“There is transparency in being willing to say, ‘This is what people are saying about us,’ ” Mr. Smith said. “And with the relationships that people have with brands today, the more honest and human they seem, the more likely consumers are to like them and stick with them.”

iPhone 5 Website Leaked

Statement from TKL - Prince Charles, voice of the people

At a recent Institute of Policy Studies forum, Law and Foreign Affairs Minister Mr K Shanmuggan noted that the law and conventions of the UK were distilled into the Singapore's Constitution i.e. the Singapore Constitution has been modeled on that of the UK.

While there were clear differences in circumstances, it t is interesting to note that former British Prime Minister Mr Tony Blair indeed has had some issues and discomfort with Prince Charles who spoke publicly on various issues and hence, was playing his role as a Voice of the People. 


Notwithstanding this, Mr Blair eventually disclosed in a letter to the Guardian that "A prime minister may sound off from time to time, especially when sensitive discussions with members of the royal family leak into the papers, in the middle of some high-profile issue". He continued, "However, I want to make it clear that I always found my discussions and correspondence with Prince Charles immensely helpful. I thought he had a perfect right to raise questions and did so in a way that was both informative and insightful. So I welcomed his contributions, and have no doubt he will continue to raise issues with the new government as he is entitled and indeed it is his job to do, and that they will also find it helpful."


It is my hope that if I am elected President, I will have the meaningful dialog with the Government in my efforts to be the Voice of the People. It is my hope that this spirit of cooperation and mutual respect can prevail and that the outcome will be productive and beneficial for the people of Singapore.


Tan Kin Lian