“Financial markets are collapsing. Credit is drying up. Your savings are in danger, and your retirement is at risk. Jobs are disappearing. The cost of health care, your children’s college, gasoline and groceries are rising all the time with no end in sight, while your most important asset – your home – is losing value every day.” “We… Read More »
One of the cruelest and dumbest things that have emerged out of the financial crisis now rocking the US and global markets is the unfair attempts by conservatives in the media and by some politicians to blame the current mortgage and financial crisis on minorities who were granted home ownership through the Community Reinvestment Act (CRA). This is… Read More »
The US-based think tank Global Source warns that the Philippines faces a rough road ahead toward the 2010 presidential elections, not only because of the looming global economic crisis, but also because of fresh initiatives to amend the constitution. In a paper titled “Minefields on the Road to 2010,” Filipino economists Romeo Bernardo and Marie Christine-Tang said: “The… Read More »
Hope for a lasting peace in Mindanao seemed out of reach again last week following the withdrawal of the Malaysian contingent in the International Monitoring Team, nearly five months after talks between the national government and the Moro Islamic Liberation Front (MILF) stalled over the critical issue of ancestral domain — the territory that includes provinces, towns and… Read More »
After almost 15 years being away from the Homeland, I got another glimpse of Christmas in the Philippines last month. Just like two years ago, it was still almost a full month before Christmas Day when I left Manila, but the festive feeling was already in the air, although, I was told, with less intensity than the previous… Read More »