Ah, the template was suited for Mozilla Firefox before. Now hopefully it's compatible for both firefox and internet explorer. :).

GOOD LUCK FOR BLOCKS.

Hi 07S6E,

Hope all of you are getting a good balance of work and leisure during this June break.

I have probably mention this in class before but here is one recent story that you will be able to apply the elasticity concepts that you have learnt. You may have heard of how NETS is going to increase the cost to retail firms that installed facilities allowing customers to pay using their local bank ATM cards.

Here is a quote from the above article

CASE is also worried that businesses may pass the cost increase to the consumers.

Although existing regulations do not allow this, Mr Yeo said retailers could still tweak product prices if they want to.

Now, I hope all of you remember the fundamental lesson in tax incidence. It really does not matter which party, by law, is responsible to pay the Net surcharge. By law, NETS is levying this extra charge to the firms. Can you apply your elasticity concepts and state which industries might see the firms passing the burden to the consumers and which industries may see firms absorbing the surcharge?

Finally, a related topic, if your parents urge you to quickly make big purchases before July 1st because after that, you will have to pay more due to the GST increase, again, how would you answer them using your knowledge of elasticity?

All the best to your revision for the common tests!

Regards,
Mr Tan

hi everyone, to those who are bored enough to come and read this post, since our blog is alr so dead....
heres a little story for u
I took this story from some website :)

A little boy is on the beach. He is painstakingly building a sandcastle. All afternoon he will work. Spooning out the moat. Packing the walls. Bottle tops will be sentries. Popsicle sticks will be bridges.
A man is in his office. At his desk he shuffles papers into stacks and delegates assignments. He cradles the phone on his shoulder and punches the keyboard with his fingers. Numbers are juggled and contracts are signed and much to the delight of the man, a profit is made.
All his life he will work. Formulating the plans. Forecasting the future. Annuities will be sentries. Capital gains will be bridges. An empire will be built.
Two builders of castles. They have much in common. They shape granules into grandeurs. They see nothing and make something. They are diligent and determined. And for both the tide will rise and the end will come.
Yet that is where the similarities cease. For the boy sees the end while the man ignores it.
As the waves near, the wise child jumps to his feet and begins to clap. There is no sorrow. No fear. No regret. He knew this would happen. He is not surprised. And when the great breaker crashes into his castle and his masterpiece is sucked into the sea, he smiles. He smiles, picks up his tools, takes his father's hand, and goes home.
The grownup, however, is not so wise. As the wave of years collapses on his castle he is terrified. He hovers over the sandy monument to protect it. He blocks the waves from the walls he has made. Salt-water soaked and shivering he snarls at the incoming tide.
"It's my castle," he defies.
The ocean need not respond. Both know to whom the sand belongs...
So go ahead and build. But do it with a child's unburdened heart, not with a grown-up's pride, possessiveness and indignation. Enjoy the process while it lasts, don't lose sight of love and beauty along the way, and when the end comes, as it most certainly will, salute the process of Life and go home.

yehh thanks for wasting ur time. and think about wat this story meant =)mayb it will enlightenu b4 blocks. anyway. mug hard hard for CHEM especially. make ms ooi proud.

cheers,
Joshua