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Is the DAP unconstitutional?

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On 19th November 2013, voting 14-0, the Supreme Court declared as unconstitutional the Priority Development Assistance Fund (PDAF) or “pork barrel.” What about the Disbursement Acceleration Fund (DAP) that very few people knew or understood before Senator Jinggoy Estrada exposed it during his privilege speech before he went to the US? Until now, the question [...]

Posted: January 10th, 2014 in CDN - Opinion,Cebu Daily News | Read More »

New Year’s history

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In his interesting article, “A History of the New Year” at infoplease.com, Borgna Brunner wrote that the celebration of the new year on Jan. 1st is a relatively new phenomenon and that the earliest record of a new year celebration is believed to have been in Mesopotamia, around 2000 B.C. and was celebrated around the [...]

Posted: January 1st, 2014 in CDN - Opinion,Cebu Daily News | Read More »

The man who invented Christmas

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Iregularly receive by e-mail from Alexander Green his writings on Spiritual Wealth. On Dec. 16, 2011, he wrote about the man who invented Christmas. Alexander Green is the investment director of The Oxford Club. Agreeing with Green that “this is a story that deserves to be widely known,” I am now sharing with you what he wrote. It went this way:

Posted: December 27th, 2013 in CDN - Opinion,Cebu Daily News | Read More »

Economic, human losses following environmental disasters

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Mr. Antonio Aboitiz was kind enough to e-mail to me a very good paper titled “Destruction, Disinvestment, and Death: Economic and Human Losses Following Environmental Disaster” written by Jesse K. Anttila-Hughesy and Solomon M. Hsiang. The paper was dated Feb. 18 and is still under peer review but the importance of its findings and the [...]

Posted: December 11th, 2013 in CDN - Opinion,Cebu Daily News | Read More »

What happens in a recession?

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Jesse Colombo, who claims to be an economic analyst who warned of dangerous post-2009 bubbles, contributed a piece in Forbes titled, “Here’s Why the Philippines’ Economic Miracle Is Really a Bubble in Disguise.” After just a few quarters of rapid growth since last year up to the last quarter that passed, it is still really premature for anyone to say that the Philippines is already a miracle economy. And just because the Philippines is awash with hot money from abroad being parked in local stocks and other short term securities does not mean than when they leave, the Philippines will also collapse because the inflow of hot money is not necessarily the cause of the recent upsurge in Philippine economic growth. Having said that and believing that any rising economy will one day suffer a fall, I would rather discuss here what happens in a recession than pursue Colombo’s thesis.

Posted: December 6th, 2013 in CDN - Opinion,Cebu Daily News | Read More »

Do governments create jobs?

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I had been reading many books in economics and I could never remember reading a line which says that government is there to create jobs. What is the role of government in the economy? Is it to create jobs? It depends on the problem the nation faces. If a country suffers low productivity or inefficiency, [...]

Posted: December 4th, 2013 in CDN - Opinion,Cebu Daily News | Read More »

Thoughts on the SRP controversy

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Cebu City Mayor Michael Rama wants to sell the South Road Properties or SRP lots now and use the proceeds for his projects. In response to Mike, former city mayor Tommy Osmeña says no! On this issue, I have another idea which is different from Tommy’s but not necessarily similar to Mike’s. But before I [...]

Posted: November 27th, 2013 in CDN - Opinion,Cebu Daily News | Read More »

Historical perspective of Philippine helplessness

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In contribution to the raging debate on the performance of the Philippine government to respond to the challenge of Yolanda, I present today my historical political economy perspective view of why we do poorly compared with Japan’s 2011 earthquake and tsunami, for example. When the Europeans first came to Japan in the early phase of [...]

Posted: November 20th, 2013 in CDN - Opinion,Cebu Daily News | Read More »

In times of great distress

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Satan is happy now because lost in the vortex of “Yolanda” it is now easier for him to turn our heads around, remove  our sanity, and destroy one another. In Tacloban city,  there is looting perpetuated by people with twisted minds. They stole not only food but  valuables as well. In Facebook, TV, radio and [...]

Posted: November 15th, 2013 in CDN - Opinion,Cebu Daily News | Read More »

Strong typhoons are not new

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I am writing in Cebuano to fully express what is in my heart at this time of great despair of the Filipino nation. Dugay na kining mga bagyong kusog kaayo. Ang akong amahan mananagat. Kada tuig moadto siya sa Paco, Maasin, Southern Leyte sa mga bulan sa Septyembre hangtod sa Enero (mga bulan nga tingbagyo) [...]

Posted: November 13th, 2013 in CDN - Opinion,Cebu Daily News | Read More »

Hello again, PRA

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I think that my foreigner friend who decided to stay here as a retiree has some good points that must be looked into by the Philippine Retirement Authority. In his e-mail to me last Friday he said that when he chose out of every country in the world to live in the Philippines, he did [...]

Posted: November 6th, 2013 in CDN - Opinion,Cebu Daily News | Read More »

Wanted: Integrated disaster management plan

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The giving of relief aid to earthquake victims in Bohol is problematic. For one, not all places badly hit by the quake can be reached because of distance or difficult access. Second, some of the victims are not necessarily needy or they have some means to get by but would still fall in line to receive relief goods. Third, even if they are not badly affected, some families are so poor that they will avail of any help coming, which greatly increases the number of people lining up for assistance. Then there is the problem of politicians who take control of the distribution and claim credit for it or give them to favored groups who supported them in past elections.

Posted: October 25th, 2013 in CDN - Opinion,Cebu Daily News | Read More »

Understanding earthquakes

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Did you know that about 50,000 earthquakes large enough to be noticed without the aid of instruments occur annually over the entire Earth? We are lucky, however ,that of these, about 100 only are of a magnitude to produce substantial damage if their centers are near areas of habitation like what we just experienced last [...]

Posted: October 23rd, 2013 in CDN - Opinion,Cebu Daily News | Read More »

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