A man believed to have been driving under the influence was killed after losing control of his vehicle and plummeting down a five-metre-deep drain.
The deceased, 20-year-old Chan Yang Wai, was at the wheel of the Toyota Vios when the incident happened at 11pm; alongside him was 18-year-old Chia Kah Lok who fortunately escaped injured.
According to Chia, the crash occurred when they were driving towards the Kepong roundabout from Jalan Kepong; that’s where Chan lost control of the car, causing it to skid and eventually landing upside down in a drain.
“The driver died at the scene while the front passenger was rescued by passers-by. The body was sent to the Kuala Lumpur Hospital for post-mortem,” he told Bernama.
Police believed the two men were drunk and the case is investigated under Section 41(1) of the Road Transport Act 1987.
20 firemen and two fire engines from the Jinjang and Sentul stations were rushed to the scene for the rescue operation; the two victims were then removed from the wreck at 11:58pm.
Police also believed that both the men were drunk, and the case is being investigated under Section 41(1) of the Road Transport Act 1987.
A long-time running Chee Cheong Fun stall at the historical Kwai Chai Hong in Kuala Lumpur’s Chinatown was found to be burned down on Monday.
Shared by a Facebook user, the news was shared to her in a messaging group and city-dwellers and netizens have started coming to the support of the stall owner ever since.
Upon visiting the stall, the user who shared the news on Facebook immediately asked about the now burned down stall. Disheartened, the uncle answered about how he doesn’t know and maybe he just made too many enemies along the way and years.
The stall was solely run by the uncle for more than 19 years and had previously took a four month break due to the Covid-19 pandemic, he just recently came back to running the stall. There were also worries among netizens about how the owner will still be worried even if the stall is rebuilt later on.
The user added on how the uncle was rummaging through the burnt up leftovers of his stall and seemed lost while pondering through the 19 years he has ran the stall.
Nearby construction workers have since helped to clean out the junk and also offered building materials and also some of the workers to help rebuild the stall.
CCTV footage shows an individual throwing a fire at the stall late in the night and leaving the scene immediately; however, the identity of the perpetrator remains unknown
“This pandemic has already been hard enough on all of us” said one netizen. “Now it’s just salt on the wound for this stall owner”.
“I’ve been here for almost 10 years” said another. “It’s just now because of work that I’ve rarely been there”.
Many students at the nearby Advance Tertiary College (ATC) are frequent go-ers of the stall; the college has since started a donation drive for the stall owner which has summed up to RM5,000 as of Monday morning.
Donations will be accepted up until the 21st of October and be passed to the uncle on the 23rd of October.
A recent video that is trending around social media involves a car accident that has left Malaysians in shock.
In the video, a white Myvi is seen crashing horrendously into a white Honda at an intersection, resulting in the Honda landing upside down while the Myvi flipped mid-air due to the huge impact.
Recorded by another car’s dashcam, the incident happened when the two cars that got hit – the white Honda and a Proton Iswara were waiting at a traffic light in Jalan Kota Tinggi, Johor Bahru.
The driver of the Myvi was speeding on a mild downhill slope after a rainy day before losing control of her car and crashing into the two vehicles; the 23-year-old then came out with injuries to her head and neck.
Unfortunately for the driver of the white Accord, who was a 31-year-old officer of the Royal Malaysian Navy (RMN), he was killed instantly upon impact and leaves behind his wife and 3 young kids.
It took a team of nine to remove the driver’s body from the driver’s seat as the Honda was damaged so badly.
The team also had to use special equipment to extricate the deceased, according to Fire and Rescue Station (BBP) Larkin Operations Commander Senior Fire Officer II Nordatul Badrol Abd Rahman.
“The 31-year-old victim was trapped in the driver’s side and we used special equipment to remove him. The body was then handed over to the police for further action,” Nordatul Badrol said.
Further investigations into the accident revealed that the driver of the white Myvi did not have a valid driver’s license and had an expired road tax; to make the matter that much worrying, she also tested positive for drugs. The case will be investigated under Section 15(1)(a) of the Dangerous Drugs Act 1952.
According to the Johor Bahru Selatan District Police Chief Assistant Commissioner Mohd Padzli, the driver was under the influence of drugs during the incident and will also be investigated under Section 41 (1) of the Road Transport Act 1987.
The third victim, which is the driver of the Proton Iswara managed to escape with only mild injuries.
With the arrival of September, it is now the Chinese ghost month. The month that our parents explicitly warned us about and have various pre-cautions for.
Canopies will be erected, and triangular flags will be propped up on every signpost and lamppost along roads. The smell of incense will fill up the night sky which may trigger the jeepers creepers in you, making the hair behind your neck stand up uncomfortably.
Noise from late night performances will also ring out throughout the night and your elders, especially your elders warning you of certain taboos to avoid this time of the month.
Here are 10 thing to not do during the month of the hungry ghost:
1) Leave your chopsticks upright in a bowl of rice
Our parents hate it, our friends hate it, chopstick etiquettes dictate when whenever we pause or stop eating. Leaving your chopsticks upright in your rice bowl is massively frown upon in the Chinese culture as it’s similar to seeing a pair of joss stick at an altar, it is also believed that passing spirits will mistake your rice bowl as a sacrifice and will possess the diner to devour it.
2) Do not take photographs at night
It is believed that taking photographs of places, especially in dark areas are more likely to result in an earie sight in photobombing phantoms showing up on screen.
3) Avoid late nights out
It’s not a good month to stay out too late as night go-ers are more likely to follow a victim home or worst, possess them.
4) Refrain from sitting in the front row of live shows
Have you ever noticed that at live stage performances, the front row is always left unoccupied throughout the night? The shows are actually meant for wandering spirits and the front row seats are reserved for said spirits; sitting in their seats is believed to bring bad luck or serious ailments.
5) Stay away from swimming activites
According to traditional belief, spirits of those who died by drowning will lurk beneath the waters waiting to drown an unsuspecting living being. This apparently supplies them a shot at rebirth as it basically works like as soul for a soul.
6) Never kick food offerings
Sights of food under trees or at pavements would be a norm this month as it’s offered to any wandering spirit. Stay clear of it in your path as kicking them away may result in an angry spirit that will personally find you punished for your ignorance.
7) Never step on dead people money
Having your foot anywhere near sensitive things such as “hell money” is extremely frown upon, especially by the entities that are set to “receive” them.
8) Don’t hang out clothes to dry at night
We get it Malaysia’s weather is unpredictable and hanging your clothes to dry indoors may be one of the way to get it done. However, refrain from doing so this month as something else may find that blouse as good looking as you do. On top of that, clothes resemble a human body and may attract spirits to cling on to them.
9) Never turn your head when your shoulder is tapped, or when your name is being called from behind
According to traditional belief, humans have two protective flames, one on each shoulder and turning your head will result in them being extinguished, hence, making you vulnerable to lingering spirits; to prevent that turn your whole body instead.
10) Don’t whistle or make unnecessary noises at night
Wandering spirits may be attracted to whistling as they would think people are calling out to them. Celebrations at night is also best to be avoided because you may attract an unwanted guest.
Hooters is a popular chain restaurant that was founded in Tampa Bay, Florida.
They have 400+ locations and have inspired several copycat brands such as Twin Peaks.
The business model is pretty basic: hot girls, scanty clothes, bar food.
It’s tacky, but they own it. And they apparently have amazing wings.
Most managers are men and a majority of the employees are scantily clad women. So it probably won’t surprise you that they have “employee relations” issues from time to time.
Hooters managers have a lot of leeway in how they run their operations. They are empowered to build a profitable enterprise. Tangent to this, they can run promos and deals with both customers and employees.
Back in 2002, in Panama City, Florida, a local store manager did an internal promotion. He announced that the waitress who sold the most beer by the end of April would win a free Toyota. It was your basic sales contest, a generous one at that.
One employee, Jodee Berry, needed the money badly and worked her tail off that month. She worked long hours and lots of tables. In the end, she won the competition by a large margin.
Her day came to win her new Toyota. While she was in the restaurant, the manager blindfolded her. All of the employees gathered around to watch the unveiling.
The manager then escorted her outside and into the parking lot. He then took her blindfold off, and presented her with:
A “Toy Yoda.”
She was then surrounded by laughing employees and had to face the reality that she’d been duped.
Jodee wasn’t amused. Nor was she about to roll over.
She hired a lawyer and went on to sue Gulf Coast Wings (the holding company), claiming a breach of contract and fraudulent misrepresentation.
They went to court where the manager claimed it had all been an April Fools’ joke. The defense was weak, at best.
The prank might have seemed cutsie-funny to some people. But the executives at Hooters HQ weren’t amused with their manager. It was terrible public relations. This court case drew substantial attention from local and national news media.
Jodee succeeded in winning her lawsuit. It was settled out of court where, per her attorney, she was given the right to choose a Toyota of her choice.
Humor and marketing are actually quite compatible — when used correctly.
However, any decent sales promotion needs to be aligned with the best interests of both parties. Even if your promo is absolutely hilarious, lying about the reward will rarely end well.
The Hooters manager in question no longer works for the company.
The 2019 Coronavirus outbreak, which forced countries to go into lockdown and practice social distancing, has hit economies hard and the Malaysian economy has been unable to withstand it either. Bank Negara Malaysia has started cutting interest rates, up to four times this year and the overnight policy rate down to 1.75 percent, the lowest level since it was implemented as a policy tool in 2004. This level is also lower than the overnight policy rate of 2% during the 2009 international financial crisis.
The authorities hope that this ultra-low loan costs will revive the Malaysian economy. That’s because it will help ease the burden on loaners and reduce debt-relief cases, thereby mitigating the negative impact on the economy. This, if done right, will help to promote economic recovery if the outbreak is under control.
At the same time, low loaning costs will encourage other loaners to borrow aggressively, thereby stimulating economic activity. However, the positive effects will be delayed, as confidence in borrowing will only be restored when the economy is more stable.
Enterprises transition towards digitalization.
However, I believe that businesses that have weathered the crisis will seize the opportunity to invest and expand their businesses, especially those that are transforming their businesses into digital at a time of weak market demand and generally low operating costs.
On the other hand, the low interest rate environment created by the Bank of Negara has its drawbacks, such as the money that people borrow from taking advantage of the low interest rates may not be used to do business and stimulate economic activity, but may push up asset prices as a result of inflows into real estate and the stock market.
At present, as the domestic industrial market is not stable, it is expected that it will take some time to see if people have regained confidence, buy assets and push up asset prices. In any case, I think that the government’s resumption of the HOUSING Scheme (HOC) and the exemption of industrial profits tax will help the industrial market.
Increasing stock market risk.
At the same time, there are signs that low interest rates have improved the Malaysian stock market, as evidenced by the continued sell-off of bursa stocks by foreign investors, but by the surge in local retail investors. There have been stories that revealed that someone had asked his father why he offered his bank term deposit, and the answer was to transfer the money to the stock market. Shocking.
As more and more retail investors offer to invest in the stock market, they are exposed to higher risks. The higher the so-called potential risk, the higher the potential return, the lower the potential risk, and the lower the potential return.
The interest earned on keeping money in the bank is low, but the risk of losing the deposit is low. Investing in the stock market is the opposite, since the stock itself is a riskier investment vehicle, the chances of a return are naturally high.
Relying on interest on deposits.
Indeed, another drawback of low interest rates is the low return on deposits held in banks. This group will bear the brunt, especially those who rely on bank savings to cope with the cost of living. As a result, the Government has decided to sell Muslim bonds to help them get a higher return, but the amount of the bond is small.
Low bank interest rates have also caused many people in the past few years to invest their hard-earned money towards the “money game”, hoping to make quick money from it. However, many people have no return on such “investments”.
I hope you have learned from it, after all, there is no easy way to make money in this world.
The health crisis seems to be the common reason people are arguing over whether the stock market will go up or down.
There’s a hidden problem in financial markets that many people can’t see and don’t understand.
I am going to give you a simplistic overview after working in finance for so many years and being determined to make the complex, understandable.
The 2008 financial crisis was caused by CDOs (Collateralized Debt Obligations). Investopedia describes this complex financial product nicely:
A CDO is a box into which monthly payments are made from multiple [home] mortgages. It is usually divided into three tranches, each representing different risk levels.
When the homeowners had issues repaying their mortgages, the CDO product, along with mortgage-backed securities, blew up and caused The Great Recession of 2008. The issue was that the home mortgages were examined by ratings agencies who gave them a rating. They were also incentified to fudge those ratings for a fee.
Investors thought they were investing in mostly AAA quality mortgages when they were in fact investing in toxic loans that were taken out by people who should of never been given them because they didn’t have enough money to pay back the loan.
In 2020, another very similar financial product known as CLOs is making investors nervous, according to Law Professor Frank Partnoy.
Unlike CDOs that are associated with home mortgages, CLOs are tied to business debt. When businesses can’t pay back their debt, the same scenario as 2008 can essentially play out. (In the current environment, do you think businesses would have any issues paying back debt? How about hospitality or travel?) It all comes down, again, to whether the rating agencies rated the quality of the businesses taking on the debt effectively.
What you have to consider is whether the ratings agencies are being properly regulated this time. In 2008, human greed was stronger than regulation.
Will human greed be stronger than regulation this time around?
The challenge with CLOs is you can’t look up how many of them exist. The estimated total value of CLOs is over one trillion dollars, says The Wall Street Journal. CDOs and CLOs are part of the derivative family of financial investments and the challenge with them is they are incredibly complex.
Their complexity makes them risky not only for the investors, but for the financial system and the stock market many of us invest in both voluntarily, and involuntarily through our retirement accounts.
Insiders in the finance world are already leaking information that suggests, perhaps, the same issue as 2008 is about to transpire again. Popular Twitter personality and ex-investment banker Raoul Pal is all over the CLO problem too. The issue this time is we have a global health crisis to contend with, as well as a potential financial crisis due to the risk of CLOs.
Just as easy mortgages fueled economic growth in the 2000s, cheap corporate debt has done so in the past decade, and many companies have binged on it — Frank Partnoy
The challenge is that last time the government stepped in and threw cash at the problem. The idea investors have to contend with is whether the government will take the same action again.
Betting the government will save you is a risky assumption.
Even if you haven’t invested in CLOs, it’s all of our problem. The financial institutions that have invested in CLOs are public companies that are listed on the stock exchange. Those same institutions hold your savings, retirement money, and any stocks you have purchased. This means if they have a problem, then we all have a problem.
Every financial product is tied to each other — if one fails, it can affect another. The similarities between now and the 2008 Stock Market Collapse are uncanny. It feels like a repeat, plus the addition of the health crisis.
George Soros has sold all of his banking stocks recently. These famous billionaire investors clearly know something that not everybody has come to terms with. The current environment is full of risk.
Too much risk makes you stressed.
When nobody knows what is going to happen because it has been so long since we’ve dealt with a health crisis like this before, cash can make you feel like a king or queen. At the very least, it’s worth furthering your financial education. Learn about the Spanish Flu of 1918 and its effects on the stock market. Delve into the 2000 Tech Bubble and the 2008 Financial Crisis to gain an understanding of what we might be facing.
The worst thing you can do is believe the hype, take what traditional media says is the truth, and continue to place money into the stock market when you don’t understand what is going on.
The stock market is fine until it’s not fine — that’s when financial literacy takes money from those who know nothing and places that money into the hands of those who know the game inside and out, or spent the time to learn it.
It was just like any other day, Captain Chesley “Sully” Sullenberger and his co-pilot Jeffrey Skiles exchange pleasantries, it was the first time either of the pilots had flown with each other. They were the first to board the plane, they then followed the standard procedure of doing internal and external checks on the plane they were about to fly, which was an Airbus A320. At the time, 57 year-old Sully had 19,663 total flight hours, including 4,765 in an A320; he was also a glider pilot and expert on aviation safety. First officer Jeffrey Skiles, 49, had accrued 20,727 career flight hours with 37 in an A320, but this was his first A320 assignment as pilot flying.
As there were no complications on the plane before takeoff, passengers were allowed to board, the plane was headed from New York City’s LaGuardia Airport (LGA) to Charlotte Douglas (CLT). There were a total of 150 passengers and three flight attendants on board.
After conducting all checks on the plane and with them coming back clean, the plane was ready for takeoff. Initial takeoff was smooth and saw no issues.
At 3:25:51: The crew made its first report after becoming airborne as being at 700 feet (210 m) and climbing.
At 3:26:37: Sullenberger remarked to Skiles: “What a view of the Hudson today.”
At 3:27:11: The plane struck a flock of Canadian geese at an altitude of 2,818 feet (859 m) about 4.5 miles (7.2 km) north-northwest of LaGuardia. The pilots’ view was filled with the large birds, passengers and crew heard very loud bangs and saw flames from the engines, followed by silence and an odor of fuel.
Realizing that they had lost power in not 1, but 2 engines, Sullenberger took control while Skiles worked the checklist for engine restart. The plane reached a maximum height of 930m before beginning a glide descent.
At 3:27:33: Sullenberger radioed in a mayday call to Air Traffic Control, informing them that they had lost thrust in both engines and requested for permission to return to LaGuardia Airport.
Air traffic controller Patrick Harten told LaGuardia’s tower to hold all departures, and directed Sullenberger back to Runway 13. Sullenberger responded, “Unable”. Followed by the harrowing words “We may end up in the Hudson”. Silence followed over the radio.
Sullenberger asked controllers for landing options in New Jersey, mentioning Teterboro Airport. Permission was given for Teterboro’s Runway 1, Sullenberger initially responded “Yes”, but then: “We can’t do it … We’re gonna be in the Hudson”.
Sullenberger then came over the intercom for the cabin, with the now infamous words “Brace for impact.” The cabin crew then started instructing passengers on safety procedures. Sullenberger then looked over at his co-pilot, they had both been operating the past few minutes almost in silence. He asked, “You got any ideas”?Jeffrey replied, “Actually none”.
The plane touched down on the Hudson River, in the middle of New York City. Boats came to the rescue and aid in the evacuation of the 155 people who were onboard.
Some climbed out onto the wings, some got onto inflatable rafts, and others, fearing an explosion, swam away from the plane. The temperature of the water was about 5°C, as the plane was quickly submerged as the doors were opened.
Captain Sullenberger remained in the aircraft and double-checked the entire aircraft for any remaining passengers, before being the last person off the aircraft.
Captain Sullenberger, his co-pilot Jeffrey Skiles, and the cabin crew’s quick and noble actions saved every single life on the aircraft that day, all 155 passengers were saved, most of them only suffering minor injury.
Ever since that crash, pilots were then trained to perform water landings in the event that such a situation ever arises again.
The landing was rightfully nicknamed “The Miracle On the Hudson”.
Watch Captain Sullenberger describe the plane landing here:
Watch a reenactment of the landing from the movie Sully (2016)