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Category: Economy

The US debt ceiling crisis: How the world’s mightiest nation may run out of money this week

Posted on July 30, 2011 By benign0 20 Comments on The US debt ceiling crisis: How the world’s mightiest nation may run out of money this week
The US debt ceiling crisis: How the world’s mightiest nation may run out of money this week

Anytime between the the 3rd and the 10th of August this year, 2011, the government of the United States of America may run out of money. The estimates vary depending on who is doing the reckoning — the White House, Wall Street hacks — but either way, as with most things associated with going broke…

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Economy, Government, Politics

The Mystery of the SONA

Posted on July 28, 2011 By BenK 15 Comments on The Mystery of the SONA
The Mystery of the SONA

For a speech that lasted nearly an hour and was so heavily-laden with facts and figures, the much-anticipated second State of the Nation Address by President Noynoy Aquino has seemed to have left much of the country scratching their heads. Two days have passed since the SONA, and public interest has scarcely waned; that should…

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Development, Economy, Politics

An analysis of the second State of the Nation Address delivered by President Aquino on July 25, 2011

Posted on July 25, 2011 By benign0 47 Comments on An analysis of the second State of the Nation Address delivered by President Aquino on July 25, 2011
An analysis of the second State of the Nation Address delivered by President Aquino on July 25, 2011

I echo my initial thoughts on the second State of the Nation Address (SONA) delivered by Philippine President Benigno “Noynoy” Aquino III before joint sessions of Congress today, the 25th July 2011: The speech seems thick in narrative, thin on conceptual substance, and lacking in vision. This verdict I make on the basis of the…

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Development, Economy, Government

Facts and figures: President Noynoy Aquino’s promises by the numbers

Posted on July 24, 2011 By benign0 6 Comments on Facts and figures: President Noynoy Aquino’s promises by the numbers
Facts and figures: President Noynoy Aquino’s promises by the numbers

Politicians are quick to grandstand about their achievements and their “contributions” to the development of our wretched land, the Philippines. Whenever statistics about the economy or survey results describing public sentiment is released, politicians will go on a media blitz to ensure that an association between these and themselves are implanted in the vacuous minds…

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Development, Economy, Politics

An unsolicited draft of President Noynoy Aquino’s State of the Nation Address (SONA) for July 25, 2011

Posted on July 18, 2011June 8, 2012 By benign0 5 Comments on An unsolicited draft of President Noynoy Aquino’s State of the Nation Address (SONA) for July 25, 2011
An unsolicited draft of President Noynoy Aquino’s State of the Nation Address (SONA) for July 25, 2011

My dear countrymen, members of Congress, honourable House Speaker, Senate President, and Chief Justice, ladies and gentlemen of the diplomatic corps: Today I stand before you, this 25th day of July 2011 to do three things: (1) report on what we had achieved in the last twelve months, (2) give you a summary of the…

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Development, Economy, Government, Politics, Society

Are OFWs’ right to travel being violated by the Philippine Government?

Posted on July 15, 2011July 15, 2011 By Ilda 41 Comments on Are OFWs’ right to travel being violated by the Philippine Government?
Are OFWs’ right to travel being violated by the Philippine Government?

The Philippine economy will collapse without the Overseas Filipino Workers (OFWs). Remittances from the OFWs contributed significantly to the 7.3% growth in the economy in 2010. The spending fuelled by the billions of dollars they send back home is a factor that is likely helping the country avoid a Greece-like economic failure. Even without drastic…

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Economy, Government

OFW ‘exit permits’ make sense – because taxpayers’ funds are at stake

Posted on July 15, 2011July 15, 2011 By benign0 14 Comments on OFW ‘exit permits’ make sense – because taxpayers’ funds are at stake
OFW ‘exit permits’ make sense – because taxpayers’ funds are at stake

Exit permits for OFWs? You gotta be kidding. That plus anecdotal evidence of all sorts of red tape before one can depart for a job overseas? An outrage! It sounds like something reminiscent of the Cold War when East German citizens would risk life and limb to make a dash across the border for a…

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Economy, Lifestyle, Politics, Society

Saudi Arabia shuts its doors to Filipino domestics

Posted on July 1, 2011 By benign0 6 Comments on Saudi Arabia shuts its doors to Filipino domestics
Saudi Arabia shuts its doors to Filipino domestics

What exactly needs to be “clarified” between the governments of Saudi Arabia and the Philippines in the aftermath of a shutdown on any further granting of work permits to Filipino domestic workers? The announcement was reportedly made after a failure “to agree on hiring conditions imposed” by the Philippines. The stakes, as far as Filipinos…

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Development, Economy, Money Talks, Society

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Recent Comments

  • Gabsboy
    on EDSA 40 years after: Overthrow and “Leftist” Ideals Don’t Work
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