Xyooj
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Today, I came across this article...http://http://au.news.yahoo.com/a/-/mp/6860647/thai-court-rules-on-thaksin-fortune/

I wonder if it's jealousy or power corruption. do read and share your thoughts?

Thai court rules on Thaksin fortune

February 26, 2010, 9:49 pm

Thailand's top court has quashed several arguments by lawyers for Thaksin Shinawatra as it read out a crucial verdict on whether to strip the former premier of his $US2.3 billion ($A2.59 billion) fortune on Friday.

Thousands of troops and police were deployed ahead of the Supreme Court ruling on proceeds from the sale of the fugitive tycoon's telecoms firm, which have been frozen since the 2006 coup that toppled Thaksin.

Thaksin addressed his backers in Thailand via videolink from Dubai during the verdict, dubbed "Judgment Day" by local media due to concerns that it could fuel the turmoil that has riven the kingdom for the past four years.

The nine judges unanimously rejected arguments by Thaksin's lawyers that Thailand's attorney general was not authorised to bring charges against Thaksin of abusing his power and becoming "unusually rich".

They also dismissed claims that the court was unqualified to deal with the case and that the examination of Thaksin's assets by an anti-graft commission after the putsch was illegitimate.

The judges earlier arrived in bulletproof cars and started reading out their findings at 1.30 pm (1730 AEDT), but were expected to take at least four hours to complete the verdict, finishing after Thai markets close.

The defence had argued during the case that the proceeds from the sale of his Shin Corp firm to Singapore's Temasek Holdings in January 2006 belonged to his family members, and not to him or his ex-wife.

The defence also said that the cash did "not come from conflict of interest neither it gained from abuse of power".

No members of his family were at court.

About 450 police in riot gear guarded the court but there were only around a dozen protesters from his so-called "Red Shirt" movement outside, and fewer than 100 at another protest site in the capital.

Thailand's media has whipped up a frenzy ahead of the verdict, counting down to the day and reporting rumours of a possible coup against Prime Minister Abhisit Vejjajiva.

The government says up to 35,000 police and soldiers are on alert across the country. Security was also tight around Abhisit's office and the government said it had prepared several safe houses for him.

Twice-elected Thaksin, who is living in Dubai to avoid a two-year jail term for corruption, denied the accusations against him.

"I want to reaffirm that I and my family earned all of the money with our hard work, brains, and sweat. We have never been corrupt as accused," he said on Twitter early Friday.

In a video speech to hundreds of Red Shirts at the headquarters of the Puea Thai opposition party, he said: "My morale is high now."

"Today is a very significant day and a turning point, not only for my family but for Thailand's judicial and political history," he said.

The judges have various options, such as ruling that the government should confiscate all or none of Thaksin's wealth, or that it should take only part of the money, for example the portion he earned after taking power.

The case goes to the heart of the rifts that have opened up in Thai society since the coup.

The Red Shirts, largely from his stronghold in Thailand's impoverished north and northeast, loved his populist policies and accuse the current government of being an unelected elite that has hijacked their democratic rights.

The tycoon's opponents in the Bangkok-based circles around the palace, military and bureaucracy accuse Thaksin of being corrupt, dictatorial and of threatening Thailand's widely revered monarchy.

"Thailand is dreading the Supreme Court's verdict..." analyst Thitinan Pongsudhirak wrote in the Wall Street Journal, saying that the "only certainty is that no one will be satisfied".

The main Red Shirt movement says it will hold off mass protests until mid-March. Red Shirt riots at an Asian summit and in Bangkok in April 2009 left two people dead and scores injured.

Xyooj
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I wonder if other ethnic people play checkers like or similar to the Hmong people?

You know, where the kings can fly across the board, make multiple executions, and the non-kings can execute forward or backward in single or multiple pieces? where there is the penalty of being executed if not doing the execution?

Hmong checkers is normally more than 3 rows, it's at least 4 rows.

does anyone else know or play Hmong checkers?

Xyooj
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XOX has to be an exciting sport for spectators and the players. Could be play indoor or outdoor. Play the same way as soccer/football without the offside rule, no tackles from 180 degrees behind the player with the ball, any such tackle automatic red card.

win by scores, ranking by points. Game time = 25 minutes first half, 5 minutes half-time, and 25 minutes last half, no extra time nor shootout during regular season games (round robin games). Shootout only during elimination games, knock out competitions.

hmmmm.....more thinkings needed

Xyooj
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a club might be easier to start then a league.

when you have a club, you have to join a league for your club team/s to play. there are a few soccer leagues to join.

when you form a league, you have to entice clubs to join your league. a league will cost a great deal more, but you have more control of the whole project.

every players would be an independent contractor, not owned by the club or league. two options available include the player contract directly with the club or with the league. for a league to function, it requires money.

there are many options to split fees and revenues. equatible options include using percentile rules, such as

player registration: 40% for the club, 40% for the league, 20% for other clubs

player sponsorship: 40% for the player, 20% for the league, 20% for the club, 20% for other clubs

club sponsorship: 40% for the club, 40% for the league, 20% for other clubs

league sponsorship: 60% for the league, 40% for the clubs

the above are just thoughts

Xyooj
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continuing on my prior posts on this subject, the club or league would require money, players, and facilities (soccer fields).

say if it is a league, the league would have multiple divisions. The best teams will be in the top division. A good division would be say consists of multiple of complimentary teams, such as 2, 4, 6, 8, 10, 12, 14, 16, 18, 20, 22, and 24; the number of teams in a division must be less than what is required for each team to play at least two games against each other teams for the season. Depending on what the length of the season will, if the league is base in MN or WI then games normally could start in April (if snow melted) to November (if no snow yet)...this would be 8 months season.

Each month normally has 4 weekends, consisting of two days each (Saturday and Sunday). If the season is 8 months, then would consisted of 32 weekends or 64 days. Each day, could play say 4 games---two in the morning hours and two in the afternoon hours--per field. If 4 games then 8 teams could be played per day, with each team playing once a weekend. Therefore, if staged for each team to play every weekend, then a team could played up to 32 games per season.

A league of 16 teams would required 120 round-robin games to be played, which each team play another team at least once; thus, one round would be 15 games...two rounds would be 30 games. 120 games divided 30 weekends equals 4 games per weekend, leaving two weekend to play the elimination games for the league cup.

Single elimination (knock-out) of 16 teams would consisted of 12 games. If 8 teams, then 5 games.

Should need one weekend rest before the elimination games, 8 teams would better suit if just one field. If two fields, then all 16 teams could play in the elimination round.

Since there are two weekend days, could have two games per Saturday and two games per Sunday, to fill the whole weekend days.

It seems that a division of 16 teams would fit well with a season of 32 weekends.

120 round-robin games plus 12 elimination games would 132 games per season.

If there are more than 16 teams, then there will be two divisions. Division 1 will have 16 teams, Division 2 will have the remaining teams up to 16 teams as well. There will be a promotion and relegation system between the divisions, which the top two teams from the lower division will be promoted while the two bottom teams from the upper division will be relegated each season.

When the league starting out, divisions will be formed as needed, with first-come-first-placed into the divisions. There will be 16 teams per division, for as many division as is required, per age/gender criteria as well.

Need to budget between $20,000 to $100,000 per season per division?

until next time..... 

Xyooj
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This past weekend I had the opportunity to speak at a Hmong event on education. I thought of so many things to say, but in the end....I just summarized education as follow...

Getting a good education required dedicated parents to the child's education. Every family has a role model to follow, whether be the mother, father, uncle, or relatives. The success of your education requires that you have such role model to pattern your learnings with, follow the new saying that "do what I do, don't do what I say"....

Each generation of a family usually becomes more educated, if the previous generation has been more educated....high education usually correlates to more successes in life, whether that be in financial, social, or survival in a given environment at a given time.

If there is no role model within the family linkage, then perhaps it's time to start one.

Most excuses of not having the brain for school, is a sign of laziness...a senseless purpose in life, lame excuse to get pity from others. Evolution does not pity the weak, the lazy, the stationery.

For most of us lucky Hmong, our parents are great examples. Especially like myself, my father died when I was between 3 to 6 years old. My mother never ran off to re-marry, she dedicated her life to her children, even just feeding food so that we stay alive. The fruits of her dedication and devotion results in all of the surviving children graduated from tertiary institutions, which results in none of them currently being an employee of anyone else, but owners of their own businesses. There are many other Hmong families like mine, where the mothers and fathers set the standards of what a family is to be....compare that with the new Hmong mentality of self-centered, selfish, individualism philosophy, etc...of the many Hmong families that parents were either divorced, re-married, separated, etc..

The one thing that my mom said to me once when my actions resulted in her being worry-sick about me, which reminds in my mind is...."when you have your own child, you will know how much I love you"

Parents who do not expect their children to succeed, their children will not succeed. Parents that do not care about their children, their children will not care about the parents as well. Children are borne with clear minds, their world is how the parents paint for them in their early ages (under age 12). A child learn that love comes from showing, not from saying....

That perhaps is one of the major reasons many Hmong marry at young age, because these minors often learn love from the showings of their boyfriend/girlfriend. But the pitfalls of marrying at young ages are like two lost persons trying to find their way out from the forest. The majority will get more lost, die in the forest, or bring offsprings that become more lost in the forest, become separated/divorced, and very few ever find their way out to join civilized society.

Education provides you with options in life. You don't run into dead ends as you go through life. Education gives you the ability to choose your employers, not the other way around. Should you choose, you have a better success rate being an entreprenuer.

If parents do not have high expectations for education, children do not expect to get great things from education. Children conciously or subconciously try to live up to their parents' expectations....that's perhaps a gene coded in the children, which may get transfer and improved from generation to generation...

In conclusion, you may try to live your life the way you wanted....don't forget who gave you that life. If you have your parents genes, then you will either be at least as successful as they have been or better than them. If you are any less, then your future generations will be lesser and in the end your linkage will not exist.

The strength of our Hmong culture is the family, the strength of any surviving animal species is the unit of family. A tree without strong rooted foundation will eventually die...

Thank you for the opportunity to share with you my thoughts. It's good to see so many graduates today...graduation from a tertiary instituion is only the beginning.

hmmm....feel free to comments

Xyooj
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Very interesting I came across this.....http://http://smallbiztrends.com/2009/02/top-30-most-profitable-small-businesses-2008.html

It's surprising though

The number you see next to the descríption on each line is the government NAIC code (National American Industry Classification). 

something to think about from the Year 2010

Xyooj
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Let's brainstorm how to go about getting into this industry.....

Well, it takes lots of money to startup a bank business. The startup capital ranges from $1,000,000 to $10,000,000 depending on factors of State, market, type of bank, etc..

Federal Reserve recommends three years of capital to be well capitalized, thus your business plan will need at least enough money to cover 3 years of operaions, if no money comes into the business.

Normally, the organizing members contribute say 10% of the startup capital.

Let's start small, say you want to startup a $20,000,000 bank. Operating expenses perhaps run at 10% of this figure or $2,000,000 per year. Three years of operating expenses would be $6,000,000.

The organizing members' 10% contributions would be $2,000,000 (10% of $20 million).

Thus, total capital require would be $8 million, from $6 million plus $2 million

How do you raise $8 million?

Why not form a corporation with 20 million shares?

Then sell these shares at $1 each....

Why would people want to buy $1 share of a bank that does not exist yet, when there are millions of other shares out there?

That's a hard question to answer now.....

Okay, so say you put all the 20 million shares on the market and hope that you could at least sell 50% of them, or 10 million shares. If you sell 10 million shares, you would raise $10 million....that would be enough to startup the bank, with an extra $2 million to set aside.

Back to the hard question.....people are in business to make money. Can your bank project make them money? Additionally, can they trust you with their money? If they trust you, then you get the money....if not, then your project may falls apart, unless you have your own money to startup the bank.

Trust is one of those traits that must be earned. You have to have a good character, good reputation, and perhaps have the knowledge that is well respected by people.

Okay, back to how much money does a bank business make? Have yet to investigate this with factual numbers, but I would expect that for every dollar investigated by a bank would generate at least $1 back per year. Otherwise, why would bankers have so many valuable assets?

to be continue..... :)

Xyooj
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has anyone here been an owner of a bank, credit union, or other financial institutions?

please share you insights

do you ever wonder why this industry usually owns the best and nicest buildings in major cities?

I'm trying to investigate the industy. what's their ROI?

Xyooj
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2 April to 4 April......come join us at Jack Roper Reserve, Broadmeadows.

any question, contact me