We beg to differ.
Did the fake hero utter a lie when he said: The Filipino is worth dying for ? Let’s do a little thought experiment: Recall that Filipina who was on death row abroad…Yes, Mary Jane Veloso, who was arrested and sentenced to death for smuggling heroin into Indonesia. Let’s have a show of hands. Who among…
Read More “Ninoy was Dead Wrong: The Filipino is NOT worth dying for” »
Lately I’ve been seeing these posts thanking the president for increasing our Gross Domestic Product (GDP) by something like 120 billion USD. It upsets me because it betrays a piss poor understanding of economics. I’ll give you two reasons why this thinking is wrong — because two is more than enough. First and foremost, the…
Read More “Don’t thank PNoy: Economic growth does not necessarily mean good governance!” »
In the aftermath of the announcement of the unexpectedly disappointing third-quarter GDP figures earlier this week, Budget Secretary Florencio “Butch” Abad offered a rather strange explanation for part of it, the 2.9 percent retraction of government spending during the quarter: “…the decrease was largely caused by the low utilization of notice of cash allotments (NCAs)…
Read More “Did Butch Abad just out an Aquino SC justice for perjury?” »
If you want to know how the Philippine economy is doing, you will find it hard to get a straightforward answer from the mainstream media. There’s enough spin to counteract every piece of bad news out there to do your head in. It seems the Philippine government is doing its best to project an image…
Former president Gloria Arroyo praised president Benigno Simeon Aquino III (BS Aquino) for the 2012 reported 6.6% GDP (gross domestic product) growth. There was a “but”, though: In her statement, Arroyo said she “shares the commitment of President Aquino to integrity and opposition to corruption.” “But the campaign against corruption must uphold the rule of…
Read More “Noynoy surpasses Gloria? The Force is strong with him…NOT!” »
So the economy is in the limelight again. Hmmmm…. What to say about the Philippine economy… hmmmm. What makes talking about the economy easy is that one need just highlight the same things again — that the Philippine economy is nothing more than an illusion propped up by “commercial activity” brought about by the flow…
Read More “Philippine Economy blah-blah at the start of Year 2013” »
The behaviour of a large complex system like the Philippine economy cannot be described using the preferred indicators of a world economic body that mainly represents the interests of the global private sector. Even less credible are people who rely on the much-vaunted Gross Domestic Product (GDP) metric as the kernel of their efforts to…
Read More “Noynoy Aquino’s WEF ‘harvest’ in Davos: Where are the results?” »
There are a lot of things that account for changes in a country’s Gross Domestic Product (GDP) and even more that account for movements in the rate of change of that change. Certainly the the quality of the government may have something to do with where the GDP goes. But then who knows? Considering that…
Read More “Aquino government claim to 7.1 percent GDP growth all hollow BS” »