PISSED-OFF ELDERLY LADY RANT

This ‘elderly’ lady is pissed off. And please note, you younger pensioners, that despite 60 being the new 40 one automatically becomes ‘elderly’ at age 50 – so please read on and inwardly digest. What’s pissed me off? It’s something we pensioners need to address right now and as loudly as we possibly can. 

Patronisation! The overly solicitousness of those who view a few grey hairs on our heads or a few wee wrinkles, see the word ‘elderly’ hovering like a crumbling halo over our heads. This makes them react by instantly offering unwarranted assistance. 

Studying this phenomenon shows that it is applied far more frequently to women. Men folk, even struggling along with a walking frame, are usually granted their dignity – they are left alone. 

Women are asked (in a voice usually reserved for very tiny children) ‘Can I carry that for you?’ ‘Would you like a chair?’ ‘Can you manage?’ ‘Are you all right?’ A few years back, a chap beside me waiting for a walk light to turn green, suddenly grabbed my arm and said ‘I’ll help you across’! The cheek of it. I thought to shout out ‘Un-hand me, Sir’, but he would doubtless not have known the expression.

 It is not that I am ungrateful…I lie…I am. I would be very grateful had I asked for assistance, but the assumption that I need it pisses me off. We women fought long and hard for our equality (we still have to) and are only too aware that we need to pay for it. We no longer expect doors to be opened for us literally or figuratively. We no longer expect an adult to give up a seat for us. We can open our own car doors and get out. We can, and we prefer to.

I suspect that junior citizens assist those they consider past it in order to boost their own egos as in, ‘Poor old duck she’s past it, but I’m all right, Jack’. Ooh, now there’s an idea. You know how the phrase ‘pro-life’ was coined to suggest that those who held a pragmatic stance on abortion would be deemed to be anti-life? Well, let’s coin junior-citizens to denote those who sadly lack our accumulation of knowledge, experience and wisdom.

And let’s reclaim the 50 is elderly label and make sure everybody 50 and below is junior. That’ll show ‘em.

HOW RICH WE ARE!

Congratulations,Fijipensioners! We now own 20% of 3 Airbus Aeroplanes. This is, of course, in addition to all the rest of the stuff we own a chunk of, like that defunct resort. Recently, a Grand Old Lady was added – after her plastic surgery she will go into direct competition in with her neighbour, which we also own a chunk of. The problem is we all know that our chunks are undoubtedly the un-redeemable chunks. Do not deceive yourselves that you own something tangible which will one day provide some much needed cash. By the time that Airbus loan has been paid off we’ll be six feet under and the ‘planes will be mouldering in the Mojave. 

To reward us Silver Surfers for adding to their coffers for longer than anybody else – and adding more than anybody else – the FNPF board has decided to arbitrarily give us the chop. But never mind. We have 3 aeroplanes! So what’s to complain about?

 No travel insurance? Now look – you’d better get this straight. If the ‘plane falls out of the sky you were going to die anyway, weren’t we?

 No health insurance? Oh, for heaven’s sake! Just die, will you? And will you all, please, do it quietly with minimum fuss.

 Reduced pension? Good grief, haven’t you got the message? If it is cut and you can no longer eat and care for yourself as you once did – you will probably get sick and DIE.

 Get the point? Yeah – thanks FNPF, we get it. You are going to die anyway – hopefully as soon as possible. Meanwhile, stop all this nonsense about rights to pensions, agreements, and contracts, and how the loss of income will affect your future…

 As far as the FNPF board and management are concerned we have no future!

 

 Remember back in 1969 Peggy Lee recorded Is That All There is? Here’s the chorus

 Is that all there is?

If that’s all there is, my friends, then let’s keep dancing,

Let’s break out the booze and have a ball,

If that’s all there is.

WE CAN DO THAT!

A Senior Drivers Senior Moment

For over a decade, due to my age, I have had to produce a medical certificate to prove I am fit to drive and that my eyesight is in good order. On production of this certificate the LTA allows me to renew my driving license for 12 MONTHS, only after I have got my ticket from the machine and waited 40 minutes plus, while others, ( perhaps friends of the clerks ) come rushing in, jumping the queue, or even worse handing their documents to one of their “Friends” who they spot near the front.

Having finally renewed the driving license, carefully reversed my car out of the parking area, driven out to the main road, carefully avoiding the pot holes, what can I expect:

  1. While driving at the normal speed limit keeping a two car distance length from the car in front I can expect at any moment some young wanker who is allowed to renew his license for at least 5 years at a time, to overtake my car and jump into the gap and tailgate the car in front with total disregard for anyone’s safety.
    It is these same wankers who when they have an accident tell their insurance company that the car in front stopped suddenly and caused the accident, not that they themselves were driving too fast and too close.
  2. I can expect to see the driver and passengers of cars in front tossing empty packets of Bongo’s, Twisties Coke bottles lunch wrappings and other assorted crap out of the car or bus windows.
    ( My car has been hit by a Coca Cola bottle thrown out of a bus window)
  3. I can expect to be choked by excessive black diesel smoke from buses and trucks whose owners never bother to have the injectors serviced.
  4. I can expect to be driven off the road by an oncoming idiot that has overtaken 10 vehicles and is unable to push his way in.
  5. I can expect to see at least one Minivan with a Maxi Load complete with a Kamakazi driver who is intent on not only killing himself and his passengers,  but anyone who gets in his way.
  6. I can expect to be constantly blinded by headlamps set too high if I am foolish enough to drive at night.
  7. And last but not least I can expect pedestrians to leap on to the crossing with the velocity of a speeding bullet and then turn into zombies who have expended all their energy

Enough is enough, it is about time the LTA and the Police had “Q” Cars ( Unmarked cars) and the authority to stop these wankers on the spot, suspend their driving license, send them for an IQ test, get them cleaning roadside litter for a month and make passing an advanced driving test compulsory before their driving license is renewed…..(a “no bribe” pass). As for the Zombies, no doubt the wankers will get them in the end.

An Opinion from an Honest Man

THE recent revelations that Air Pacific has drawn substantial resources from our superannuation fund which the FNPF approved without consideration to what it would do to reduce members’ entitlements. This must be reviewed immediately.

Our creator demands honesty in our work as he wants honesty in the workplace; your business is his business. God doesn’t bless dishonesty. The Bible says: “The Lord demands fairness in every business deal.” (Proverbs 16:11) That includes wages, sales, taxes and other business dealings. If Air Pacific and FNPF want God’s blessings, they have to be honest. You can’t rip people off. Profit made dishonestly always brings trouble. “The blessing of the Lord brings wealth, without painful toil for it.” (Proverbs 10:22)

Many global organisations have made enormous profits but it eventually only brought them trouble. It was the main cause of the global financial meltdown. Many of these companies are based in the US and their culture is about making a quick buck without a thought for the consequences of their actions.

We will always reap what we sow You cannot mock God and get away with it. The FNPF Board members and executives should be honest with our finances. “It is the Lord’s blessing that makes you wealthy.” (Proverbs 10:22) That includes both organisations negotiating without members’ consent. Anything done without following God’s laws will definitely fail.

Joe Gonewai
Suva

Happier people live longer lives

Older people live longer if they are happier, according to new research into the importance of emotional wellbeing.

A study of 3,800 people aged 52 to 79 found that those who rated their happiness the highest were significantly less likely to die in the following five years than those who were least content.

Even after taking into effect the impact of age, disease and lifestyle factors on people’s happiness, researchers found that the happiest group had a 35 per cent lower risk of death than the least happy.

Although the results do not prove whether happiness actually causes longer life, they back up previous research which links wellbeing and a positive outlook to longer life.

Prof Andrew Steptoe, who led the study, said: “The happiness could be a marker of some other aspect of people’s lives which is particularly important for health.

“For example, happiness is quite strongly linked to good social relationships, and maybe it is things like that that are accounting for the link between happiness and health.”
Continue reading →

FNPF bakes Pie-in-the-Sky, Dr Wadan Narsey

Two recent media releases indicate that the FNPF Board and Management (at the instigation of the Military Regime) are digging the hole deeper for FNPF, with no accountability to the owners of FNPF, and media censorship stopping all public discussions.

The first is the bad restructuring of the $303 million loan by FNPF to Natadola Bay Resort Limited (NBRL); and the second is the massively risky $200 million loan to help Air Pacific buy 3 Airbuses in 2013, completely contradicting the most recent advice by recent consultants (Promontory) on sound investment policy for FNPF. 

Why interest free indefinite loan to NRBL?
The 2011 FNPF Report states that the $303 million loan to NBRL is being restructured so that while $100 million will draw an interest of 8% pa, the remaining $203 million will become an indefinite loan, and interest free.

FNPF will effectively in its accounts, give a $16 million subsidy annually to NBRL- some 40% of the total value of all the pensions currently being paid annually.

This is terrible accounting practice for three reasons.
First, any decent accountant or economist would advise that all transactions between a parent company and a subsidiary should be done at “arms length” with subsidiaries being charged the same interest rate that other borrowers are being charged.
To convert $203 millions into an interest free loan will artificially increase the apparent profitability of the subsidiary (NBRL), while reducing the apparent performance of the rest of FNPF.

Second, by not charging interest on the large loan, NBRL is being given no incentive to repay the loan as soon as possible- especially when it is “indefinite”.

Third, if in future, this Military Regime’s forced takeover of private assets at Natadola and vested in NBRL by Military Decree is legally and successfully challenged, then the assets of NBRL will become logical targets for litigants. 

The books for NBRL should therefore show its true worth- not artificially inflated through interest rate subsidies given by FNPF, which may then be claimed in future by legitimate litigants. 

Which financial institution in the world, gives an interest-free indefinite loan like this? Who dreamt up this scheme?  Who in FNPF management agreed to go along with this? Why would the unelected, illegal FNPF Board Members agree to this subterfuge to show the NBRL in a better light. Is it to allow more “write-backs” on asset value of this bad investment? 

Pie-in-the-sky loan to Air Pacific
Another far more dismaying media announcement has been the $200 million loan by FNPF to Air Pacific.  

If the current management at Air Pacific know what they are doing this loan may turn out OK for FNPF.
Continue reading →

FNPF Lends Millions to Qantas

Why are FNPF lending US$98 million dollars to Qantas?, has Qantas agreed to the terms of the “Loan”? and when will they and the Fiji Government repay the principle which initially stands at US$200 Million Dollars of Provident Fund Members money. Currently  Air Pacific are operating at loss and cannot afford to pay the interest on this sum, yet the High Flying Fast Talking Dave Pflieger who was unable to raise the money from the commercial banks in Fiji ( who just happen to have a large surplus of deposits ) has received the full assistance of his friend Aiyaz Sayed-Khaiyum in filching the money from the FNPF coffers, money which belongs to the members and which the Governments only responsibility is to ensure the fund is managed in a proper manner.. Yet this government like previous governments persists in treating it like their personal honey pot (Which is sad, because many of us expected better from Frank)

The members now know why Aisake Taito and the board have been bleating for the past six months on the need to deprive the existing pensioners of up to 64% of their monthly pension and appear to have the full support of Aiyaz Sayed-Khaiyum who will have the FNPF act amended to facilitate this travesty.

The government receives in excess of $65 million dollars each year in International passenger departure taxes, after deducting the $20+ million given to the tourist industry the balance of $45+ million a year could be paid into the FNPF, as repayment of this Air Pacific /Qantas loan… but we all know it will not be, in fact FNPF will be lucky if it receives the interest which Aiyaz Sayed-Khaiyum says is substantial, but strangely declines to say how much substantial equates to, and of course HFFT Dave Pflieger’s lips are sealed. If it was not so serious one would think it a comedy act, it is just so farcical.

When the FNPF pensioners ask how they will afford the necessities of life if their pensions are reduced by FNPF which loaned Air Pacific the $200 million to buy these new aircraft, HFFT David Pfligger’s and Aiyaz Sayed-Khaiyum’s response would probably be, like Marie Antoinette’s.. ‘let them eat cake‘. 

One quick question for HFFT Dave Pflieger “Why did you fly from New Zealand to Fiji on Air New Zealand last week, when there was an Air Pacific flight 30 minutes later”?  What happened to supporting the world’s friendliest airline???

Another quick question for HFFT Dave, who gets paid the Airbus commission?, anyone who has followed the Brian Mulroney saga knows that they pay commissions.Could this be why these aircraft were not purchased via Qantas?

The Attorney General, on yet another ego trip, is comparing Fiji to Singapore, totally disregarding the fact that Singapore has a parliament which decides such things.
FNPF members can be forgiven for thinking that Fiji is definitely now in the realm of nutter-land. Clearly, Air Pacific, which is currently in a loss situation and is attempting to spend its way out using FNPF members money, is in serious danger of going belly up. As a result our agricultural produce will rot in the warehouses while we wait for the ships to take them away; and by the time FNPF wakes up to realise that yet another of its investments had gone awry, Pflieger the high flying bird and his little flock will have flown far away. It is a great pity that Frank did not give the Aviation Ministry to the sensible, down to earth, Colonel Mason Smith.
Greypower

FIL invests $141M in Fiji: Taito

Members please take heed this is FNPF money, YOUR MONEY

Fiji National Provident Fund Investments Limited (FIL) incorporated a total capital utilisation of $141 million for investments in the country says chief executive Aisake Taito.

The investments were for the financial year end 30 June, 2011.

Taito said some of the investments carried out by the FIL, a fully owned subsidiary of the Fiji National Provident (FNPF), were rehabilitated under the funds reforms programme including the Natadola Project, Grand Pacific Hotel (GPH) and some distressed loans. 

The subsidiary companies for FIL include Natadola Bay Resort Limited, Natadola Land Holdings, FNPF Hotel Resorts Limited, Grand Pacific Hotel Limited, Dareton Limited and Penina Limited.

Grey Power says:
For Penina Ltd,  read Tappoos, we remember the fiasco and the report given by Ernst & Young, relating to this loan, that was quickly covered up by instructions of a leading government minister, even though it was the FNPF members money and we had the right to be kept informed. No doubt another inquiry would establish that Penina is included in the distressed loans made by FNPF management. This used to be called throwing good money after bad. It is now called Assisting Friends of the Minister.

It boils down to or simmers down to DISTRESS for the FNPF Members, because it is our savings that are being pillaged by a group of immoral and arrogant individuals, who believe they are not accountable to anyone, least of all the people the money belongs to.