Comments on: Opening salvo, not the barrage before the last charge

By: Carl

Carl — Sun, 14 Dec 2008 21:22:58 +0000

“A domestic stimulus package looks good. But no fertilizer distribution scheme please!!!” – Philip Manila

Philippine-style stimulus package? Contracts will be cornered by a chosen few and only a handful will feel the “stimulus”. Isn’t that the way government and business have always operated in the Philippines?

By: justice league

justice league — Sun, 14 Dec 2008 08:26:39 +0000

Mindanaoan,

Several years ago, PGMA (who professess to be for Federalism) wanted to reduce the IRA for the LGUs.

One of the LGUs vehemently against the idea was Makati city.

Their total income then was P7.4 Billion and their IRA was about P300-400 Million.

But even with already an income of 7.4 Billion Pesos; “Makati’s IRA budget goes to improvements on infrastructures, for government employees’ salaries and for local economic projects.”

I believe 400 million Pesos is a lot to gain.

//www.mb.com.ph/issues/2004/08/27/MTNN2004082717195.html

And don’t bother to cite to the last paragraph.

By: rego

rego — Sun, 14 Dec 2008 07:57:22 +0000

Geo, thatÃ‚Â¡Ã‚Â¯s how the dots started being connected for the Marcoses and Estrada.” M LQ3

This is the reason why I hate history sometimes.Never mind if my beloved father is a history teacher himself …

By: istambay_sakalye

istambay_sakalye — Sun, 14 Dec 2008 06:21:42 +0000

“All tyranny needs to gain a foothold is for people of good conscience to remain silent.”
Thomas Jefferson

By: mindanaoan

mindanaoan — Sun, 14 Dec 2008 02:47:10 +0000

justice league, if you have a revenue of 10 billion, that doesn’t seem a lot

By: Carl

Carl — Sat, 13 Dec 2008 21:01:16 +0000

“…two groups poised to establish a strong presence in the power industry are the Aboitz and San Miguel groups, squeezing out the Lopezes (and here, an interesting alliance is in the making between Roberto Ongpin and Eduardo CojuangcoÃ¢â‚¬â„¢s interests).” – mlqIII

Nothing new there. It’s the old musical chairs game among the booty capitalist elite. Ordinary folk don’t give a damn who’s in and who’s out. They’re always out anyway.

By: justice league

justice league — Sat, 13 Dec 2008 19:18:18 +0000

Mindanaoan,

i donÃ¢â‚¬â„¢t think makatiÃ¢â‚¬â„¢s IRA is significant relative to its income

I said I believe Makati city has a lot to gain. And I believe 400 million Pesos is a lot to gain.

By: cvj

cvj — Sat, 13 Dec 2008 15:49:03 +0000

The ‘scary’ predictions in Fortune are not all that scary compared to the worst that can actually happen. In particular, Nouriel Roubini’s prediction of a maximum 10% unemployment rate in the US by 2010 is somehow reassuring.

By: Philip Manila

Philip Manila — Sat, 13 Dec 2008 06:39:02 +0000

I believe its a bit too late the hero to be amending the charter in order to attract foreign investors in the face of looming global recession, or even depression.

What significant foreign investments do you foresee in the short to middle-term considering the big fall in the demand for manufactured parts that will eventually be used by final assemblers China, Korea, etc.

Exports- dependent countries like the Philippines are especially vulnerable. Consider that RP’s top exports: 1. semiconductors..3. computer parts…5.automotive parts…7. electrical apparatus, etc.

A domestic stimulus package looks good. But no fertilizer distribution scheme please!!!

By: mindanaoan

mindanaoan — Sat, 13 Dec 2008 03:46:03 +0000

justice league, “I believe Makati city has a lot to gain with an increased IRA.”

i don’t think makati’s IRA is significant relative to its income