We beg to differ.
Interesting how Boo Chanco in his piece “Wounded Tiger” makes him the second PhilStar columnist to write about China’s looming economic woes and use the same quote as if copying from a press release. Nobel Prize winning economist Paul Krugman wrote in the New York Times that China “is suffering from ‘economic long COVID,’ a…
Read More “US good, China bad and Filipinos lap it all up” »
On one of the iconic double-decker buses of Great Britain, an advertisement about the Philippines sending its best, caught the attention of Filipino netizens. The National Health Service (NHS), a globally-renowned British health institution, employs thousands of Filipino nurses who render valuable services in hospitals and clinics all over the United Kingdom. This is considered…
A number of weeks ago, Filipino netizens reacted explosively towards Ilocos Norte Representative Sandro Marcos’s comments regarding the weakening Philippine Peso (PHP) against the US Dollar (USD). Quoting the neophyte congressman, “The peso is weak, not because that it is weak, but because the dollar is strong.”. These words became meme fodder for Filipino netizens,…
Read More “Does a weakening peso mirror weakening economic fundamentals?” »
Many “activists” allied with the Yellowtard-led Philippine Opposition have been screeching about the slide of the Philippine peso against the US dollar — hinting that this is indicative of mismanagement of the economy by the government of Philippine President Rodrigo Duterte. The fact is, it is not entirely true that the peso is depreciating against…
Read More “Blame on Duterte government for Ph peso depreciation UNFOUNDED” »
A depreciating peso wouldn’t really be an issue if Filipinos are able to produce what they consume and sell what they don’t consume to an export market. The trouble is, the Philippines is not a producer of valuable enough stuff and prefer, instead, the lazy option of “producing” and selling low-value raw stuff. I enclosed…
Read More “Filipinos’ concern over a depreciating peso is due to a pathetic dependence on imports” »
In John Landis’s 1983 hit movie Trading Places, Billy Ray Valentine, a bum and hustler played by Eddie Murphy is picked up from the streets, cleaned up and dressed in an expensive business suit as part of an experiment instigated by wealthy brothers Randolph Duke and Mortimer Duke. The made-over Valentine is then set up…