Family Money: US Dollar and Sterling - a close relationship?
By Leslie
Wright,
Managing director of Westminster Portfolio Services (Thailand) Ltd.
I am frequently asked what I think is going to happen
to the dollar, or the euro, or the pound. In the past two years, the value
of the pound sterling has remained remarkably stable against the US
dollar, ranging over a limited spread of only 3%.
But far from being the norm (as some people with short
memories seem to think), this has been an unusually stable period. In
fact, over the past century, the pound has fallen from $4.9 to around $1.4
against the US dollar.
In reality there is no consistent relationship between
the pound and the dollar, despite the parallels often drawn between the
economic cultures in both countries. A common language may create cultural
and political affinities but is a shaky basis for a currency relationship.
This must depend upon the structure of the economies, their macro-economic
management and trade and financial links. Over the past 20 years, the UK
became more flexible, like the US economy, but this has not tied their
currencies together.
Since the dollar peaked near parity with sterling in
1985, the pound has risen 40%, similar to its rise against the DM (now the
euro). However, since the ERM crisis in 1992, the pound has fallen 25%
against the dollar but risen 9% against the euro bloc. From the post-ERM
lows in 1993, sterling has traded in a 20% range against the dollar, being
currently at the bottom of that range, whereas it lies near the top of a
60% range against the euro. Volatility against the euro has been greater
but there has been no consistent link with either the euro or the dollar.
In recent years sterling has been seen by many
investors as a hedge currency against the euro, and this may well have
contributed to its apparent strength and stability against the dollar.
However, the recent period of relative stability against the dollar is
probably best regarded as a coincidence: over the same period, it has
traded in a narrow range against the euro. Sterling has shown (in 1992)
that it is capable of falling against the dollar and euro-bloc currencies
simultaneously.
If investors became sceptical about the UK’s
insulation from the structural rigidities of Europe’s labour markets,
sterling could become independently weak. This could be catalysed if the
UK government decides to hold a referendum on joining the euro. Whether
for this reason or because the dollar ends its bull-run and sterling is
bypassed in a rush into the euro, sterling investors should perhaps be
looking for a hedge against a devaluing currency.
Having made this dire prediction, and before I get
deluged with queries from concerned sterling investors, I’d better
clarify a few points.
First, be aware that playing the currency markets is
fraught with danger: forex trading is rated risk level 7 (where 1 is cash
deposits in your base currency, 2 is international government bonds, 4 is
major market equities, 5 is emerging market equities, and 6 is
commodities, futures & options). So, trying to guess which currency to
keep your cash in, and switching back and forth, can be a very expensive
exercise if you guess wrong.
Second, an international investor is only at risk if
he’s holding cash deposits or other assets (e.g., real estate) in the
devaluing currency. If he’s holding an internationally diversified
portfolio of funds which just happen to be denominated in sterling, then
if sterling devalued against the dollar his overall portfolio value in
sterling would go up - but if converted into US dollar value, it would
remain virtually the same as before sterling devalued. Let me explain this
oft-misunderstood principle further.
Any unit trust or mutual fund has to be denominated
(i.e., priced) in one currency or another, to gauge its worth and
performance.
For convenience of international investors, many
offshore funds are denominated in US dollars, even if the assets they are
holding - shares of companies listed on the Stock Exchange of Thailand,
for example - are actually traded in the local currency (Thai baht in the
case of SET trades) rather than US dollars. What effect does currency
fluctuation have on the price of units?
If the local stock market moves up and the exchange
rate between the baht and the dollar remains the same over the period in
question, the net value of the fund’s assets (‘NAV’, to use the
technical abbreviation) increases both in local currency and international
currency value. In other words, the price of units goes up.
If, however, the SET moved up but the Thai baht
depreciated against the dollar by exactly the same percentage (a highly
unlikely scenario, but useful for this example), the gain in stock price
would be exactly offset by the loss in currency value, so the NAV in US
dollar terms would effectively move sideways. The price of units in US
dollars would remain effectively unchanged.
Similarly, if the stock market moves down and the local
currency depreciates against the US dollar, the price of units, valued in
US dollars, will drop even further than just the amount by which the
market corrected.
But - and this is a big but - if that investor had
purchased his fund units by having exchanged Thai baht into dollars, and
now converts the US dollar value of his holdings back into Thai baht
terms, he will note that the fluctuation in exchange rates has
miraculously disappeared! How?
To continue with our examples above, if the SET moves
up and the currency exchange rate moves sideways, converting current US
dollar fund-unit value back to Thai baht shows an increase in baht value
approximating the stock market increase (assuming for the purposes of this
exercise that the fund managers manage to match the performance of the
SET).
If the SET moved sideways but the baht had weakened
against the dollar, the price of units in that fund would have dropped in
US dollars as outlined above, but converted back to baht would now be
worth more weakened baht, so the value of these units in local-currency
terms would be virtually the same as before the currency drop.
In other words, holding units in an offshore fund which
happens to be denominated in another currency does not necessarily expose
you to a currency risk if the units in that fund were bought with your
base currency.
Snap Shot: Focus Hocus Pocus!
by Harry Flashman
As the Pattaya Mail’s photographic
correspondent Harry here does get reader’s queries as to where they are
going wrong, and even within the confines of the Pattaya Mail when
we get some new photographers starting, there are problems and queries.
The most common problem is poor focussing. A photo
which is “soft” or “blurry” does not appeal, unless it is
intentionally supposed to appear soft and romantic. For the other 99% of
the shots you take, then you need sharp focus on the subject matter.
Now please remember that if you are a good
photographer, you will be trying to have the subject(s) razor sharp, while
the backgrounds become slightly hazy. This just ensures that the subject
matter really springs out at you.
Most modern cameras are “Auto-Focus” (AF) and the
brochures would have you believe that this is the answer. Let me assure
you that this is not the case, in fact these days most poor focussing
problems I see come from the very same AF cameras!
However, before we get down to the nitty gritty,
let’s first look at a few very basic rules. For a photograph to be sharp
the camera must not be shaking. Camera shake is caused by not hanging onto
the thing tight enough. Cameras are two handed devices, and two hands
should be kept on the camera body at all times, and please do not wave one
hand in the air holding up one-two-three fingers before popping the
shutter. Camera shake guaranteed.
Another classic example of poor sharpness is when you
use a telephoto lens, or a zoom at the tele end. Remember this rule of
thumb - the slowest shutter speed you can hand hold a tele lens is the
inverse of the focal length. Sounds complicated, but isn’t. If you use a
125 mm lens then the slowest shutter speed you should use is 1/125th or if
it is a 250 mm lens, then it is 1/250. OK?
Now then, back to AF and what can go wrong. The first
thing is that you, the photographer in charge, do not wait long enough for
the camera to find the zone of focus. When you point the camera at the
subject, the AF bit starts “hunting” by going forwards and backwards
until it settles on the correct focus. This takes a couple of seconds, and
if you are in too much of a hurry, the shutter will open while the AF is
still hunting. The result is the complete shot is out of focus. What you
have to do is wait till the camera has got the focus before depressing the
“go” button. Most AF cameras have a little (generally) green light
which shows up in the viewfinder to tell you that the camera is now
focussed. Wait for it!
That’s the first problem fixed, so on to the next AF
problem. This next one is the commonest mistake of all. You take a shot of
a couple and neither person is in focus, even though you waited for the
green light and held the camera firmly with both hands. Why did it do
this?
Again the answer is simple. Look again at the photo.
The background between the two people is in focus, instead of the people
themselves. Now take a look through the viewfinder. Notice a little green
square or circle right in the middle of the area you look through.
That’s the AF spot. The camera will focus on what is right there in the
centre, and with a couple it is the space between the two heads! So it
will give you a blurry couple in front of a sharp background.
The fix? You position the AF focussing spot on one of
the two people, then hold the shutter button half way down which
“locks” the focus. Now, keeping your finger on the half depressed
shutter button, reposition the camera to bring the two people back into
the frame. Pop the shutter and you have a couple shot with both people in
focus.
Modern Medicine: Ouch! That hurts!
by Dr Iain Corness, Consultant
In the past week I have had two people come to see me
to ask about their pains. This is not surprising, as pain is often the
presenting symptom for many illnesses and physical conditions. For
example, the symptom of a fractured rib is pain on deep breathing,
coughing or sudden movement.
In fact, our skeletons are responsible for many of our
pains. Fractures and degenerative conditions such as osteoarthritis are
certainly high in the list of likely suspects. Gout, which produces
arthritis in the joint in the big toe gives exquisite pain - just ask
anyone who has had it!
But surely it must be possible for us to lead a
pain-free existence in this modern world of space travel and palm
computers? In actual fact, it is possible to be pain-free, but at too
great a cost. The chemicals that are strong enough to mask the pain are
also strong enough to render your brain inoperative when taken over a long
period. Turning one’s patients into “zombies” is not a good idea.
I do also realise that there are times when you want
“temporary” respite from pain. The footballer with a fractured finger
can have local anaesthetic injected into the fracture so that he can do
the two 45 minutes halves plus injury time and penalty shootout. That’s
it. Not tablets for the next three weeks!
So why do we have “pain”? Pain is actually inbuilt
into our systems for an important purpose. Damage control! Pain is what
stops us damaging our bodies even further than they are damaged already.
Let’s go back to the broken rib scenario. Most fractured ribs are
“cracks” along the long axis of the bone, not a complete break right
through, so that the ends are flapping around in the breeze. The pain
stops the unfortunate person from doing too much and breaking it totally
right through. Pain has a protective influence. With the person who has
joint pains or gout, the purpose of the pain is to stop further damage to
an already “crumbling” joint or one filled with sharp crystals. Pain
makes you rest it, so that it can heal. When you stop to think about it,
pain is good for us.
However, there are also chronic pain situations, and
these are harder to deal with. Particularly when the pain is coming from a
permanently damaged skeleton, or from a condition we cannot “cure”.
This is where pain management comes in, and it is a fairly skilful region
of medicine, let me assure you. Practitioners in this have to really
understand what the patient is going through. What happens is that we (or
you) have to maximise an ability of the body’s nervous system known as
“attenuation”. This is where the nervous system receives so much pain
stimuli that eventually the pain receptors “give up” through the
overuse. However, getting to that stage is a long and painful road itself.
Chemical assistance is needed, but it is not just a
case of taking big dose analgesics. In actual fact, much of the work in
this area is with taking agents to slow down nerve transmission and other
agents such as anti-inflammatories, which work with pain killers to make
them more potent at a lower dose (so the brain doesn’t get mussed up)!
It’s not easy.
Women’s World: An error
of birth (Part 2)
by Lesley Warner
The Harry Benjamin International Gender Dysphoria
Association’s Standards of Care for Gender Identity Disorders (HBIGDASCGID)
is a document that was first drawn up in 1979 and last revised in 1998. It
seeks to help manage gender identity disorders and the treatment for them.
The association also advises how one should start to prepare their life
and their families for the transition that they wish to go through.
In Europe and America, a lot of psychological
preparation is done by the doctor before allowing an individual to undergo
the operation. It is apparent in some research that some fifty percent of
transsexuals die by age 30, usually by their own hand.
Many men in their impatience will come to Thailand to
get the operation done quickly with no questions asked without the proper
counseling or indeed sometimes none at all.
One serious thought to bear in mind is that Sexual
Reassignment Surgery (SRS) is not is the answer to all of life’s
problems. When a man becomes a woman, doctors will completely reform the
penis into a vaginal cavity. That’s pretty tough to undo!
One would assume that the majority of men have thought
this through very carefully but a few tips on how to prepare yourself to
become a woman fulltime, I’m sure, won’t go amiss.
I would not presume to give this advice myself, but
here are some memoirs of someone that has already undergone the operation.
Her main suggestion is that before you undergo the operation you live and
work as a woman for a minimum of 6 months, preferably for 1-year fulltime;
try other options before surgery, for example hormones. Take the time to
have some psychotherapy even if you hate the idea, as this is a major
decision. Remember, there’s no turning back. Give careful consideration
to the fact that you could just move from one body that’s a prison into
another.
Male to female transsexuals use the hormone estrogen to
feminize their voices, faces, and body characteristics. This hormone
changes their fat distribution, increases their breast size, and decreases
their body hair. One thing that this hormone does not do, however, is to
eliminate facial hair. Transsexuals must often go through painful and
expensive treatments such as electrolysis to remove this hair. Estrogen
also shrinks the penis and testicles, so the decision to go through with
hormones is a fairly permanent one (though nowhere nearly as extreme as
surgery).
When you finally make the irrevocable decision to go
through with the surgical procedure, a great deal of consideration must be
used.
There are several parts to the surgery, which may
include any or all of the following: orchiectomy, penectomy, vaginoplasty,
and augmentation mammoplasty.
A vaginoplasty involves the removal of the testes to
create labia. It also involves the inversion of the penis to create a
vagina - this requires extensive surgery and many follow-up visits. The
good news is that these newly constructed vaginas look amazingly like the
real thing.
An important feature is the augmentation mammoplasty
(that’s a boob job).
Many male to female transsexuals also have cosmetic
surgery to feminize their facial features and reduce the size of their
Adam’s apple. Other surgeries can include: suction-assisted lipoplasty
of the waist, rhinoplasty, facial bone reduction, face-lift, and
blephroplasty. It is important to remember, however, that most of these
procedures are irreversible and optional.
Genital surgery for the female-to-male patient may
include hysterectomy, salpingo-oophorectomy, vaginectomy, metoidioplasty,
scrotoplasty, urethroplasty, placement of testicular prostheses, and
phalloplasty. Operative techniques for phalloplasty at this time are
varied. Other surgeries that may be performed to assist masculinization
include liposuction to reduce fat in hips, thighs and buttocks.
It’s helpful for you if you know other people that
have been through the same procedure so they can talk you through it. You
will need to do some considerable research into which doctor you want to
use. Find people that have had the operation and ask them about the doctor
they used, talk to the doctor, ask for other patients of his that you can
contact.
The Surgeon performing genital reconstruction should be
an urologist, gynecologist, plastic surgeon or general surgeon, and have
specialized competence in genital reconstructive techniques. Ideally, the
surgeon should be knowledgeable about more than one of the surgical
techniques for genital reconstruction so that he or she, in consultation
with the patient, will be able to choose the ideal technique for the
individual. When surgeons are skilled in a single technique, they should
inform their patients and refer those who do not want or are unsuitable
for this procedure to another surgeon.
Heart to Heart with Hillary
Dear Hillary,
My wife has run off with a motor bike taxi driver from
Ubon after cleaning out my bank account. My friends say that this is not a
bad thing as I have had a lot of trouble with her running off with all
sorts of men before (three times), but every time she comes back to me I
give in again and we start all over again. What should I do about it?
Joseph
Dear Joseph,
You might be lucky this time, Joseph. She has taken
a motorcycle taxi and they are generally pretty cheap, so she might get
all the way to Laos before she runs out of (your) money. Honestly, you men
amaze me some days. Why do you keep on doing it? Once would be enough for
Hillary. Perhaps you are not ready to start another relationship and that
is why you keep on going back into this very unsatisfactory situation.
Time to wake up, Joseph. There’s plenty more out there - just keep
saving up, there’s bound to be another who will help relieve the load on
your wallet! In the meantime, stay at home and watch videos.
Dear Hillary,
After reading Khai Khem’s article in the Pattaya
Mail Vol X, No. 24 about why good men can’t meet nice girls in
Pattaya I have become totally depressed. Is it really that bad? Am I
really that bad? I thought it was just my deodorant or after-shave that
was off. Now I find that it is because the women of Pattaya all think I am
an incompetent drifter and a loser on a path of self destruction. I think
I will have to go and see Number 33 at the go-go bar and ask her if she
thinks the same, before my money runs out buying expensive lady drinks.
Hillary, tell me that Khai Khem’s got it all wrong.
Jaime
Dear Jaime,
It all depends on how “nice” you want, I
suppose. Hillary knows plenty of nice girls here who are not going to give
you a black mark for having walked down Walking Street and had a drink or
two at some of the bars. Khai Khem was out to provoke a little thought and
constraint, and obviously hit the mark where you are concerned. If the hat
fits, then wear it, but you don’t sound like a self-destructing loser to
me, my Petal. Keep looking and keep being a “good” man and you will be
rewarded. If not in this lifetime, then in the next! Don’t be depressed.
Chocolates help, Hillary knows this from experience. Especially with
champagne.
Dear Hillary,
I am another man who wonders why so many men make the
same mistake, relating to their choice of girlfriends. Every week it is
the same tale of being ripped off, fleeced, stolen from - the list is
endless - but still they all back up for more, or another horde of new
lambs arrive at the slaughteryard all pleading to be taken to the
cleaners. Books are written about the subject, countless hours of advice,
but to no avail. There are more of them, ready for plucking. Now I find
that both my brothers have gone overboard and out to lunch! Do you know
why, Hillary?
Disbeliever
Dear Disbeliever,
I just love your mixed metaphors, darling. You’ve
got the unfortunates being ripped off, fleeced, lining up at slaughter
yard about to be plucked and cleaned and then diving overboard at
lunchtime. Isn’t the English language incredible? But you are right, it
seems incredible that these men fall for it all, hook, line and sinker
(see, you’ve got Hillary doing the clich้ thing now). There are
two reasons for this. The first is the release of male hormones which get
a boost by flattery and the second is the excellent job of flattery done
by the local ladies. Somehow you have got to get your brothers to
understand this. Buy the back issues of the Pattaya Mail and cut
out my columns (if you haven’t done it already) and show your brothers.
Maybe they will start to become more cautious with the weight of evidence.
You can always write to Khai Khem and see if she’s got any spare nice
ladies, but Jaime may have beaten you to it.
Dear Hillary,
I am looking for some Thai artefacts to purchase and
take back to the States in November. Wooden carvings, native tin and
silverware, that kind of thing. I have been told by friends that it is a
lot cheaper to go to Chiang Mai to get these, rather than locally.
What’s your handle on this?
Jodie
Dear Jodie,
Your friends are only half right, I’m afraid. When
you go to the source of any item it will be cheaper - no freight costs to
begin with. However, when you go up to Chiang Mai yourself, you have just
added in a whole bunch of freight costs. An air fare up and back to begin
with. Accommodation, taxis out to the villages where the artefacts are
made - the list goes on. Unless you are shopping for container loads of
articles, or are going to Chiang Mai for a holiday at the same time, it is
easier and better to just bargain hard here.
A Slice of Thai History: The Revolution of 1688
by Duncan Stearn
Part Four: The revolution and the fall of Phaulkon
In 1686, a dispute broke out between Samuel White and a
trader from Golconda in India, resulting in the sinking of one of
White’s Thai-badged ships. Phaulkon instructed one of his commanders to
seize ships from Golconda in retaliation for the sinking.
Golconda, thinking the English East India Company may
have supported White’s actions, lodged a complaint with the English. In
reality, the Company was displeased with White, whom they regarded as an
interloper and therefore a serious economic rival.
However, in April 1687 the English East India Company
demanded compensation from King Narai for damages it claimed had been
caused by Mergui-based Thai pirates preying on shipping.
When Narai rejected the claim, two English East India
Company warships arrived off Mergui in June to begin a blockade of Thai
trade. The English were also instructed to seize any Thai vessels
stationed there and apprehend Englishmen employed by the Thai government,
including Samuel White.
The blockade backfired when, on July 14, Thai troops
fired on the English warships and then massacred 60 Englishmen in Mergui.
The English ships retreated.
On August 11, 1687, King Narai declared war on the
English East India Company.
At the behest of Phaulkon, a French East India Company
force of six warships and 500 troops under Claude du Boullay arrived in
Ayutthaya in September to help against the English. The French installed a
garrison at Bangkok and, urged on by Phaulkon, Narai appointed a French
governor for Mergui and allowed the stationing of French troops in the
port. Allegedly, the French had secret orders to take control of Mergui
and Bangkok, viewed as ‘the key of the kingdom [of Ayutthaya]’.
Supposedly, Phaulkon, recognising the ailing health of
King Narai, the growing opposition and strength of Pra Petraja and knowing
that his own position would be tenuous with the death of the king, aimed
to place Frenchmen in key positions in Ayutthaya, hoping to be the power
behind a pliant successor.
Mom Pi, the adopted son of the king, was seen as the
ideal heir to the throne as he was still young enough to be brought under
the influence of Phaulkon’s clique.
Narai was also being implored by French missionaries
and Phaulkon to renounce Buddhism and embrace Catholicism. To his credit,
the ailing monarch steadfastly refused.
However, it was Petraja who moved quickly and
decisively. King Narai, staying in the summer capital of Lopburi and dying
of a terminal illness, was effectively supplanted in a coup launched and
led by Pra Petraja on May 18, 1688. Petraja had himself proclaimed regent.
On June 5, Petraja ordered the arrest of Mom Pi and
Constantine Phaulkon, claiming that he was only protecting the integrity
of Ayutthaya and thwarting the designs of the French. King Narai’s two
half-brothers were put to death, as was the luckless Mom Pi. All three
were executed in the traditional Royal manner by being beaten to death
with sandalwood clubs. Narai’s daughter was forced to marry Petraja in
an attempt to bring a measure of legitimacy to the coup.
Phaulkon was charged with treason, imprisoned and
tortured before being beheaded at Lopburi.
Bits ‘n’ Bobs
MAID IN THAILAND
It seems that my domestic staff has doubled. My
maid befriended a girl at the school where she is learning English
and it became a normal routine for them to sit in the garden and do
their homework together. I was happy to correct them or help them,
only if they asked, and so it became normal for them to read aloud
and ask for my comment/correction. One afternoon in the week, the
maid’s friend approached me as if to present a speech to
parliament. My maid acted as Master of Ceremonies and introduced her
friend: ‘She want talk with you.’ Somewhat wary, as this girl is
certainly not my cup of Lipton’s in the physical attraction sense,
I waited to hear what she had to say. Two sentences were enough for
me to tell her that I was not looking for a new wife and nor was I
going to lend her any money. I then asked her what the problem was
and told her that if I could help I would, subject to the previously
voiced conditions. With some help from my maid, the poor girl’s
story unfolded. She had been married to a Thai man for twelve years
and was the mother of his two children. They ran a successful
business, owned their own land and house, had two cars and a pick-up
truck and sent the children to a good school. That had all recently
come to an abrupt end. When I asked why, it was explained that the
husband had taken a ‘mia noi’ (second or lesser wife) whom he
moved into the house. The twenty-year-old basically took over the
role as mother of the children and clearly resented her
‘competitor’s’ presence. This situation culminated in the
husband giving his main wife her marching orders, banishing her from
‘his’ property and forbidding her access to their children. She
had come to Pattaya to work for a farang couple as a live-in maid
but lost her job when the wife caught her husband making advances
towards her. The purpose of the speech was to ask me as to whether
she could stay in my house for one night, sharing my maid’s room
as my maid had said that was fine by her if I agreed. She had
nowhere else to go. I naturally agreed on the spot telling her she
could stay until she found a job, which caused her to burst into
tears and hug my maid. I actually hope she takes her time finding
work, as the house has never been cleaner...
WORD OF THE WEEK
Stunner (n.) A gorgeous Pattaya bargirl who beats
you over the head with a lead pipe before relieving you of your
valuables.
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16th CENTURY TRIVIA
The floor was dirt. Only the wealthy had something
other than dirt, hence the saying “dirt poor.” The wealthy had slate
floors that would get slippery in the winter when wet, so they spread
thresh (straw) on the floor to help keep their footing. As the winter wore
on, they kept adding more thresh until when you opened the door it would
all start slipping outside. A piece of wood was placed in the entranceway
- hence, a “thresh hold.”
MUAY THAI SPIDER MAN
I watched with intrigue as a team of Thai workers were
renovating the tiled roof of a house a few doors up from me. The way they
traversed the acutely sloping surface with no safety equipment was
compulsive viewing. I am not the morbid type, but I was convinced one of
them was going to fall off at any moment. Spider Man was scampering up and
down the roof barefoot, carrying a dozen or more tiles that I know to be
heavy, tossing them to his two colleagues who caught them effortlessly, if
not nonchalantly. When it came to the painting stage, the two tile layers
carefully descended, wisely using the ladder, although they did not leave
it in place to allow their artistic colleague a similarly safe descent. I
thought little of it until I heard the pleading cries: it appeared the
sole artist wanted to come down, as he needed more paint. Rather than
reposition the ladder, they simply hurled the newly opened paint can up to
Spider Man who caught it as he precariously balanced with his left foot
level with his neck. Not a drop was spilt. This performance was repeated
several times before the first (and only) coat was administered. Still no
sign of the ladder and it was clear Spider Man wanted to come down. His
colleagues started taunting him and so Spider Man duly responded. He
launched himself off the roof, performed a double somersault and landed on
his feet unharmed. As he recoiled from his landing, he gave one of his
colleagues a roundhouse kick to the head whilst the other received a nasty
stamp on the knee. If Spider Man ever does any work for me, I promise he
can have the ladder in place whenever he wants it...
JUST WONDERING...
Why is the time of day with the slowest traffic called
rush hour?
Why isn’t there mouse-flavoured cat food?
When dog food is new and improved tasting, who tests
it?
Why didn’t Noah swat those two mosquitoes?
Why do they sterilize the needle for lethal injections?
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Coins of the Realm: The Siamese Embassy to France
by Jan Olav Aamlid - President - House of the Golden Coin http://www.thaicoins.com
Recently, a French medal of the highest
rarity, fantastic quality and of great historical
importance was offered to collectors of Thai medals. It
did not take long before the 70-mm large medal was sold to
a collector of Thai medals for several hundred-thousand
baht.
On
the reverse, Louis XIV and the Siamese ambassadors paying
their respects.
Why would collectors of Thai medals be
interested in a French medal with King Louis XIV on the
obverse?
The story goes back to the time when
King Narai the Great (1656-1688) was the King of Thailand
and King Louis XIV, the most powerful man in Europe, was
the King of France.
The
medal shows on the obverse the portrait of Louis XIV.
King Narai wanted to have a good
relationship with the King of France, and in 1878 selected
two ambassadors for France. They left for France with the
ship Soleil d’Orient but it is assumed that the ship
sank in a storm off the coasts of Madagascar. On the ship
there were presents for the French King, even live
elephants are listed have been on board. The ship has
never been found, but if found the value of its cargo
would be enormous.
A second Siamese Embassy went to France
in 1684; the voyage went well until they met pirate ships
in the English Channel. English Warships saved them, and
after a while they made it to France. During the
embassy’s stay in France, nothing much was achieved due
to cultural and other differences.
The
same medal in bronze.
A third Siamese delegation to France
was a success. The three Siamese ambassadors stayed in
France from June 1686 till February 1687. They had an
audience with King Louis XIV at Versailles 1st of
September 1686. During the audience the Siamese
ambassadors admitted it was with sadness they left Siam,
but said after meeting the French King that all the
sadness was gone.
The Siamese ambassadors visited several
places in France, visited industries, theaters, palaces,
foreign missions and museums. The only complaint the
ambassadors had in France was the long winter. King Louis
XIV heard of this, and arranged to have three lined
jackets made before they left for Fountainebleau.
The
last Emperor of France, Napoleon III (1852-1871) had a
medal inspired by the one struck during the reign of Louis
XIV.
The Siamese ambassadors become very
popular in France, their portraits were painted for a room
at Versailles, their pictures engraved several times and a
medal was struck.
The medal shows on the obverse the
portrait of Louis XIV and on the reverse Louis XIV and the
Siamese ambassadors paying their respects.
The medal was at the time struck in 70
mm and 40 mm in Silver and Bronze. The larger medal is
very rare in Bronze and extremely rare in Silver. The
smaller medal has been sold a few times in copper, but the
over last few years, it has not been seen in Silver.
A
drawing made at the time of the Siamese delegation paying
respects to Louis XIV.
The last Emperor of France, Napoleon
III (1852-1871) had a medal inspired by the one struck
during the reign of Louis XIV. The occasion was when
Napoleon III was receiving Siam’s ambassador on 27th
June 1861. This medal is not as rare as the one from Louis
XIV, but two years ago it sold in Singapore for about
350,000 baht.
The Paris Mint has during the last
years made several re-strucks of the medal, but those are
not expensive.
“Siam And The West, 1500-1700”
written by Dirk Van der Cruysse is a book originally
published in French in 1991 and in English in 2002. This
is where I found most of the information about the Siamese
ambassadors to France. The book is highly recommended.
Animal Crackers: Sea
Stars or Star Fish?
By Mirin E Mc Carthy
Although sea stars are popularly called
starfish they bear little resemblance to true fish, which
are backboned creatures with a very different body and
life style.
Starfish
are classed as Echinoderms, which includes such diverse
species sea cucumbers, sea urchins and brittle stars. All
are built on a radial pattern and have no definable head
or tail. The body wall is stiffened with limey plates and
some types, such as the crown of thorns starfish, have
well-developed spines covering the entire body. Although
having no evident eyes, starfish other sense organs allow
them to detect light, touch, taste, smell and the pull of
gravity.
All members of this species live in the
sea, none are found in fresh water or on land.
Sea stars are aptly named because of
their star like shape, although in some, such as the
biscuit star, this is less defined. There are five or more
arms joined to the central section of the animal with no
obvious meeting. On the underside a groove can be seen
running along each arm and joining with a central opening,
which is the mouth. A sack like stomach lies beneath the
mouth and when feeding starfish push out this stomach
until it surrounds the food. After the food is digested
the stomach is pulled back inside the mouth.
When a hard shell protects the prey,
such as mussels and oysters, the starfish tugs steadily
with its arms until the shells part slightly. It then
pushes its stomach into the few millimetre wide gap to
feast. Experiments have shown that a moderately sized
starfish can tug with a force of 5kgs for up to ten
minutes. This is enough to weaken even the most powerful
muscles holding an oyster shell firmly shut.
Because sea stars actively hunt over
oyster beds, oyster farmers do not favour them. Any
fisherman chopping a sea star in half and throwing the
remains into the sea would end up with more than he
bargained for though, as they have the ability to
regenerate new arms from broken parts of the body.
A common feature of starfish is the
presence of tube feet, which allows it to move and exert a
heavy pull on objects. When a live starfish is turned over
hundreds of tube feet ending in suckers are seen. All tube
feet are connected to an intricate system of pipes running
through the body, and linked with a central disc. On the
upper surface of the disc are holes through which water is
pumped. Once filled with seawater the series of pipes and
tube feet make a clever hydraulic system. When seawater is
pumped into a tube foot it lengthens, when it is pumped
out it shortens. So by lengthening and shortening its
hundreds of tube feet a starfish moves steadily along in
search of its prey. Once the prey is found the starfish
then exerts a powerful pulling force with its hundreds of
tube feet which adhere by the tiny suckers.
When breeding in the summer the male
fertilizes the adult female starfish which then discharges
up to twenty million eggs into the sea. These drift on the
ocean currents for about two weeks before the larval forms
hatch, then sink to the reefs below and begin to feed.
The crown of thorns starfish, one of
the largest of the sea star group, measures approximately
45 cm across its seven to seventeen arms. The spines
covering it are poisonous and anyone handling a live
creature may suffer intense pain and vomiting.
The crown of thorns is of worldwide
concern because it feeds on living coral polyps on
tropical reefs and has extensively damaged the Great
Barrier Reef of Australia. Although some starfish are pest
species on underwater life, they all add their own
uniqueness, colour and interest to shorelines of the
world.
Social Commentary by Khai Khem
People of “size”
Anyone listening to CNN on June 19th may have heard the
news that a USA airline company called Southwest has evoked a new policy
which will charge obese passengers for two seats if they are too fat to
sit into one seat comfortably without their extra rolls of blubber
spilling over into the seat of the person sitting next to them. Wow.
I’ve flown on Southwest. The fares are so cheap their
seats are fully booked all year round. It’s a popular airline and those
of us who travel within their destination routes use it like we used to
use the Greyhound Bus before bus travel became unfashionable. It’s a no
frills airline, and if one isn’t too fussy about seating, and is smart
enough to bring a bottle of water and a sandwich on board, it gets you
there and back on time.
As for the new policy? It’s enough to make a cat
laugh. As far as I can determine the criteria is rather vague as to who is
obese enough to get charged for two seats. Since everything in the USA is
so politically correct now, the phrase which was used by the news
broadcaster was “people of size”.
From my observations during my last visit to the USA,
this could include half the population over 10 years old. Statistics in
the USA say that Americans are growing fatter every decade. So I presume
the airline will set a weight ceiling and make everyone who waddles up to
the check-in counter step on a scale – probably the baggage scale. I’d
love to wait near the check-in counter at Southwest and see this show.
Who’s going to put up with this? Well, it’s hard to
predict. Some societies around the world have not regarded obesity as
repulsive. China, India and some Polynesian islands used to think this was
a mark of prosperity. Of course China and India lived for centuries with
the twin haunting of poverty and famine on their doorstep. But even these
countries are changing their view of beauty. Since the Chinese shed their
Mao pajamas, high fashion is alive and thriving. Indian women no longer
display “thunder thighs’ and bulging bellies are now some of the most
beautiful in the world.
American society, on the other hand, has always
regarded the fat person as ugly and offensive. That’s why in the past
couple of decades the federal government had to pass laws to overcome this
prejudice.
Fat people didn’t get make friends in school, get
jobs in high places, membership in posh clubs, and were social outcasts.
They couldn’t fit into fine tailored suits or gorgeous French designer
fashions. They were basically condemned to flowing tents and baggy
ill-fitting gabardine outfits displayed in middle-class department stores.
Now it’s against the law to discriminate against the
obese. Of course nature abhors a vacuum. So smokers had to take their
place in the American Leper Colonies. All those former smokers are now 50
pounds overweight and are exactly the ones who can no longer fit into an
airline seat.
I predict that other airlines will soon follow suit.
There are a number of factors which lead me to believe this. The September
11 attack has left the door wide open for a lot of little liberties to
escape into a black hole called Big Brother and Security. I correspond
with many flight attendants on commercial airlines and who work on
corporate jets. They have commented that the passengers (and even some
pilots) are so fat that if the plane ever had an emergency it would be
impossible for the attendants to get them out of the plane. They are too
heavy to drag, and certainly their huge girth would make it impossible to
pull them through a small opening.
And let’s not forget that the airline industry has
undergone some economic hardships around the globe after the terrorist
attacks in the USA. Charging one person for two seats is ingenious. Of
course the description “people of size” is so vague that in American
English, it means nothing. Sort of like the use of ‘synergizing’ in
the corporate business world. I think people will not take offence at
being singled out in public for being “of size”. Obese citizens do not
see themselves as obscenely gluttonous. Especially when it’s against the
law to point it out.
So what’s a chubby passenger to do? He or she will
have to choose between the stomach and the pocket book. Hardly any choice
at all in the USA. American households have the some of the smallest
savings in the world. Everything is on the ‘never, never’ plan, as the
Brits would say. “Charge it” are the first two words an American baby
learns to speak. Gluttony will win the day and Southwest knows it.
Readers may not think Southwest Airline’s policy is
fair or just. Well, let’s see if we can balance the scale a little. If
fat passengers must buy two seats so they don’t spill over into the laps
of their thin seatmates, why not offer thin passengers a seat at half
price? There are a lot of people in the world who are downright svelte!
The Thais for example, are tiny and slim. If we can’t
get a seat for half-price, perhaps we could buy one seat for two people to
share. If we can fit 30 people into the back of a Toyota pick-up during
Songkran and an entire family complete with domestic pets on a moped, we
could surely squeeze into a chair designed for the ever-widening American
derri่re.
Roll over Rover: Air
travel and pets
by C. Schloemer
This week’s column is in response to some very
welcome information shared by readers about problems encountered in
clearing their dogs at Bangkok International Airport. It seems that those
who travel with their dogs to Thailand are experiencing difficulties due
to bureaucratic red-tape and government agency policies that cause not
only logistical nightmares for owners, but unnecessary stress and
isolation for their dogs.
To date, the most helpful information was offered in Pattaya
Mail’s letter section by writer Dominique in the May 24th issue. The
writer made it clear that this information is pertinent for dogs that
travel with owners as ‘hand luggage’ and owners who place their dogs
in cargo may have to go through different procedures. For those who missed
this letter, I think it is worthwhile to read what Dominique had to say.
I personally found reader response very helpful since I
have not imported dogs into Thailand. For those who want to travel with
their pets, this could present a problem in many nations, since rules and
regulations will certainly vary from country to country.
Travelers should check with a number of airlines who
specialize in transporting pets with passengers. Also, international
moving companies who move families around the world could also be a source
of invaluable information since they are experienced in custom clearing
procedures.
Letter-writer Dominique really did some homework and
legwork. However, it seems that no matter how well a dog owner is prepared
before arrival, the paperwork involved is complicated. Even a healthy,
well documented dog will be detained until a Thai veterinarian comes to
the air terminal and checks the animal. These vet services, by the way are
only available from 8:00 a.m. until 4:30 p.m. That means flights arriving
before or after that small window of availability force the animal and the
owner to wait.
Frankly, families and animals fly around the world all
the time. Unfortunately we don’t always hear about the difficulties
encountered. I wonder if some countries are easier than others to clear
domestic pets. Nations with strict quarantine controls such as Singapore,
United Kingdom, Australia and Malaysia disseminate information on their
policies and although the quarantine is long and usually emotionally
painful for pet and owner, the procedures are well publicized. Are they
without expense and hassle? Probably not.
The truth is that some owners are not prepared to put
their pets nor themselves through an agonizing process of relocation and
often either board their animals, or find new homes for them. There are
many others who will go to any lengths to keep their beloved dogs because
they are members of their family.
Thailand does allow documented dogs to land in the
country and eventually be reunited with their owners. Now that we know
owners will encounter some delays and confusion, the best visitors can do
is plan the trip thoroughly and hope their dog is not too traumatized by
the flight and the delays.
The Message In The Moon: Sun in Virgo-Moon in Cancer
by Anchalee Kaewmanee
The Shy One
This Sun-Moon combination is gentle and sympathetic. As
in all sensitive and generous souls, people born into this sign can seem
rather meek and timid. They are not exactly wallflowers, but their shy
personalities can give others the impression of being rather quiet and
withdrawn.
Fortunately the Virgo-Cancer has many talents which can
be transformed into practical expression. Self-consciousness can sometimes
lead to a host of inhibitions, but these natives do eventually conquer
some of their more painful shyness as their list of personal achievements
grows throughout life and they find a path to self fulfillment.
Often the Virgo-Cancer is oversensitive and is easily
hurt by the slightest tension in an environment. As children they will
often withdraw into isolation. When very young, natives of this combo may
have lived in a world of fantasy and might have had an imaginary playmate,
especially if the home-life was filled with tension or disharmony, devoid
of sympathy or if the child was in someway bullied.
Even if their younger years were fairly free from
stress, a natural tenancy toward neurosis and phobias is often indicated
in this sign. As the Virgo-Cancer matures, throwing off these fears can
take a lifetime of personal effort. A constant guarding of their feelings
will build high walls of self-defense. It is a form of protection against
a world they see as callous and uncaring.
Naturally most individuals of this Sun-Moon sign
eventually see that the world is not as bad as they make it out to be and
shake off these childhood carryovers. They eventually figure out that most
of their insecurities were products of their own imaginations. Cursed or
blessed these individuals’ gentle and giving natures will make it
difficult for them and to understand the harsh realities of the world at
large. They will have to work hard to at least tolerate these unpleasant
facts of life.
Of course trying to understand the source and nature of
one’s insecurities is always a better choice than running away from
them. The Virgo-Cancer group should re-examine their close relationships
and decide whether or not these associations are allowing room for
personal growth. Since natives of this sign are so impressionable, they
will depend heavily upon the moods and attitudes of those closest to them.
Therefore it is important to establish interaction with people who treat
them with respect and brighten up their life. If they are surrounded with
negative personalities, it would be wise to assert their own will and try
to eliminate some of the drearier and less positive influences. In other
words, lighten up and get rid of friendships or close associates who
emotionally drag them down.
Once the Cancer-Virgo learns to be more independent and
self-assertive, many aspects of expression will open up and that veil of
timidity can melt away. These natives have strong altruistic inclinations
and can excel in medicine, religious affairs, community service, and
teaching. Even the business world can be an exciting career since this
combination is shrewd, lucky with money and is endowed with terrific
organizational skills.
In love, these natives are in danger of letting
themselves get involved with a dominating partner. And oddly enough many
natives in this sign often find themselves in a marriage with a partner
who bullies them in adulthood as they were bullied in childhood. They will
often marry more than once because their first choice of spouse was a mate
much stronger and more willful. Fortunately most individuals of this sign
will learn from their past mistakes, retreat from an abusive marriage and
chose more wisely the second time around.
All Cancer-Virgos make wonderful lovers since they are
so generous and sensitive. Their generous and giving inner selves are easy
targets for lovers who are less scrupulous and sincere. All must resist
being swept away by passion. Better to choose wisely and find a mate who
treasures that sensitive emotional nature.
Members in this group all make great parents. Their
generous hearts and finely tuned pathos are particularly geared toward the
understanding of children, and youngsters sense they are loved and safe
with a Cancer-Virgo Mom or Dad.
PC Basics: What are
you looking at?
Bay Computer Services
Many people seem to be quite happy spending time and
money on their PC to keep it up to date, always ensuring that they have
the latest software loaded, the fastest memory available and the biggest
hard drive that they can get their hands on. But one area that is
overlooked by too many people is the part of the computer that you
actually spend all your time looking at - the monitor.
This at first doesn’t appear that important a
consideration. After all, it’s the bits in the box that do the work, and
as long as they are OK, you might ask yourself why you should worry about
the display. Well, that all depends on how much you value certain things
like your eyesight and not having constant headaches.
A monitor works by updating the image on the screen a
certain number of times per second. This is referred to as the “Refresh
Rate”. If, as is likely, you are looking at an older fifteen inch
screen, it will probably have a maximum refresh rate of 70 Hertz (Hz), or
if it is a bit newer, it may be 80 or so. But it will only operate at that
refresh rate as long as the monitor is running in 640 by 480, the lowest
resolution available. Once you increase the resolution, the refresh rate
drops, often to around 60 Hz.
Different people are affected to a greater or lesser
extent by the refresh rate, but it is common after a period of half an
hour to an hour to start having headaches and feeling that your eyes are
tired. Continued use will only aggravate this.
Fortunately, this problem only really occurs on the
smaller monitors. A larger monitor, such as a seventeen inch one, will
have a much higher refresh rate. They commonly operate at up to 120 Hz,
and even when running in higher resolutions will generally be between 70
to 90 Hz. As a general rule of thumb, as long as the refresh rate is above
70 Hz, you should not notice any problems. If you do use a small monitor,
having fluorescent lighting on in the room will make things worse.
Instead, try using a lamp with a normal bulb.
Another type of monitor that is becoming more common
(although still somewhat expensive) is a TFT screen. Essentially, these
are the displays used on laptops, but designed to plug into a standard PC.
They don’t have a refresh rate at all, as the individual pixels are
updated only when the image changes, rather than the whole screen. As
such, they do tend to offer a better quality image than Cathode Ray Tube
(CRT) displays.
Unfortunately, besides being a little pricey, they can
be easily damaged. A lot of the TFT monitors do not have glass panels on
the front, but have instead a thin plastic coating, which is very pressure
sensitive. So if you are in the habit of tapping at things on the screen,
or have children using your system (who tend to prod and poke at things
they see on a computer screen) you may well see lots of different colours
spreading across your display as the LCD crystals shatter and leak. If
that happens, the only thing to do then is bin it, as they are not
repairable.
In the end, a standard 17" CRT display offers the
best compromise between price and performance. They will generally give a
good quality image, you should not experience any eye strain or headaches,
and if they do go wrong, they can be repaired. If you have to replace it,
a new one won’t break the bank either.
If you have any PC related questions please send them
to pcbasics@pattaya mail.com
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