zyakaira notes: A whimsical connection to the one million ‘watermark’ on the Wealth report (Merrill Lynch) – my connection here is not the rural-urban divide or any other . Also ($FXE $FXC are both up..)

This is reported in the NST today:

She said since Todt, who was appointed last month, was serving and promoting the country on a voluntary basis, it was only fair that the government covered his expenses.

“Just because he is volunteering his services, you cannot expect him to pay out of his own pocket.“This budget is not for his personal use, it is for the expenses incurred when he meets top people from television and the media.“Besides, RM1 million in Europe gets you nothing nowadays,” she said at the Parliament lobby.

The ’she’ refered to is a minister in charge of Tourism.Before I go further, I would want to stress that Jean Todt, as a foreigner married who is a good freind of  a Malaysian Michelle Yeoh, must be commended for his good intention in volunteering his service to promote Malaysia, and I am sure being a super rich guy, he would never ask to be reimbursed for his expenses in promoting Malaysia.

It was also laudable for the Ministry to propose to reimburse him on his expenses, too.What I cannot understand is the need to utter this phrase: “Rm 1 million in Europe gets you nothing nowadays”.And because of that, and being the cynic I am, I wish to say that for most of us, 1 million is a big big sum, and certainly it can still buy a lot in Europe.

Even in Europe, not many people earn a million RM a year more than 200,000 euros

via hsudarren (WP blogs)

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