We beg to differ.
In the course of the testimony of hostile witness Ombudsman Conchita Carpio-Morales, the senator-judges raised their concerns over what seemed to be excessive powers of the Ombudsman, should one take the entirety of her statements as the truth. If everything Morales said is true, then she can just snoop on other government officials’ vital information…
It’s the second day of Ombudsman Conchita Carpio-Morales’s “testimony” in the impeachment trial of Supreme Court Chief Justice Renato Corona. Bottom line still is the fact that no beginning cash balance to serve as a baseline to give meaning to the cash flows presented by Morales could be produced. Without a beginning balance, there is…
Read More “AMLC – the new Philippine Constabulary: Impeachment Senator-Judges beware!” »
According to Filipino boxing champ Manny Pacquiao, “God’s words first.” Specifically, “God only expects man and woman to be together and to be legally married, only if they so are in love with each other,” Pacquiao reportedly insisted. Who can argue with that? For people like Pacquiao, there is nothing to debate. His source-of-truth is…
Read More “Manny Pacquiao’s got same-sex marriage figured out” »
Assets are good and liabilities are bad. Having more assets than liabilities is good and having more liabilities than assets is bad. But why do total assets and total liabilities in a business’s balance sheet always “balance” (i.e. always equal each other)? It’s not really that mysterious. Balance sheets are just snapshots taken at a…
Read More “Finance 101 Lesson 1: Why do balance sheets balance?” »
I always remember how disappointed I tend to be during the rainy season, when my Internet connection would go on and off at ten-minute intervals, and when my connection does shut down totally, how technicians arrive at three days minimum. Those are the good old days, and, considering that the wet season is just around…
And the comedy of errors that is the impeachment trial of Chief Justice Renato Corona continues as today’s session concludes. A long accounting made by Ombudsman Conchita Carpio-Morales of various funds movements between 82 bank accounts across several banks to the name of Chief Justice Renato Corona over a period beginning 2003 through 2011 revealed…
As a rule I try not to pay too much attention to the general idiocy that characterizes the output of the Aquino Administration’s official newsletter, but every so often The Philippine Daily Inquirer will publish something that is just too stupid to ignore. Case in point, a two-part story published May 13 and 14, which…
I recently saw the trailer of the third and latest instalment of the Men in Black franchise in which Agent J (played by Will Smith) goes back in time to 1969 to help save the world from an alien invasion. Actor Josh Brolin plays a younger Agent K who, as the trailer hints at, exhibits…
Read More “Men in Black 3 makes brilliantly entertaining nonsense” »