Another 5K subsidy

from Macau gov't next year for all residents with qualified Macau ID card. Since I have one, I am qualified.

It was funny listening to people's feedback on the subsidy. All of them interviewed said they will not spend the amount as the gov't would have hoped for. They will save it. The economy is not doing well, spend less. Park more cash in the banks. Blah, blah, blah. The reporter that did this little TV piece said maybe the gov't should credit the amount to utility bills. Hey dummy, do you know how much it costs to do all those computer billing code changes to credit people? It's simpler to grab the qualified residents from the ID database and print cheques. Cheaper. Some reporter. Doesn't even know all the facts.

Today, I saw stores closed that were opened last time I was around. Things definitely are slowing down. Real Estate, forget it. Drop like an anvil. But today, when I was in the bank with mom and dad, there was this guy came in with MOP$3 millions in cash for deposit! No money counting machine was allowed. The teller had to do it by hand! The tellers were trained to feel the paper make sure it is not counterfeit money. We were there for 20 minutes and the poor guy was still counting.