Monthly Archives: August 2009

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Remembering How the Philippine Economy Was In Year 2007

To Remember is to Learn

To Remember is to Learn

When in November 2007 a tank pummeled down the gilded glass doors of the Manila Peninsula Hotel at the main business district of Makati City in Manila, Philippines, heads began to shake. The country had been experiencing a re-emergence, a resurgence of some sorts, economically. Filipinos had begun to cling to threads, albeit thin, of hope – that the country may finally be shaking the vestiges of its zest for change and choose one unbending path as a nation.

But then another madman decided he wanted to hold the reins of the country. The government had to show that it was in control, hence, the tank. It took all of six hours before he was crushed, but in his wake came threats of another martial rule marked by the imposition of a curfew and the suppression of press freedom. Filipinos waited with bated breath for a crash.

After all, thus was the fate of the Philippine economy – it stumbles at the onslaught of both the familiar and the unfamiliar, teeters at the brink of a dark night.

And the Philippines was just starting to get it right.

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Remembering President Cory Aquino

Remembering Cory

Remembering Cory

At around 3am on August 1, 2009, D and I were woken by a sound.  We did not know what it was, I thought it was an earthquake but the walls were not shaking, D thought it was just the sound of a door slamming. We slept, perplexed.  Something had bothered the peace of the night.

In the morning, I knew why.  An angel took in her last breath and ceased to be.

President Cory Aquino had succumbed to the colon cancer that she had battled for several months.

I remember

The year was 1983.  I was barely out of my childhood.  The television was on and I saw my mother burst into tears.  Ninoy Aquino’s bloodied body had just hit the tarmac.  He came amidst the flurry of yellow ribbons (I barely understood the symbolism), against the advice to him that it would cost him his life.  It was a much anticipated return, the return of a hero, who was imprisoned and exiled through the machinations of Marcos.

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2004: The Philippines on the Verge of a Collapse

To Fly The Flag

To Fly The Flag

The Philippines stands on the precipice of an unraveling. Experts from the University of the Philippines School of Economics confirm a dire warning earlier issued by the chief of the London-based Standard Chartered Bank – the Philippines is going by the way of Argentina, that is, it is a ticking time bomb, precipitating towards an economic collapse.

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Wealth and Health

Getting There

Getting There

I was immortal until I filled out a life insurance policy application and received the results of my laboratory test.  I was “rated”.  It meant I was “substandard”.  I was not sure I liked the sound of that.

SUBSTANDARD – below average insurability.  Acceptable but on modified basis or at increased premium rates. Certain hazardous occupations, physical impairments, unfavorable conditions or personal and family history may cause higher rates of death or higher mortality than normal and will necessitate acceptance of any applicant only on modified basis or at an increased rate.  These cases are normally referred to as substandard risks.

I was floored by this realization.  I need to pay a higher premium and I could die.

I tried to find out what my laboratory tests meant.  But several additional tests and doctors and google could not satisfactorily explain what an elevated reading of an enzyme meant or what causes it or what will happen to me.  Head hung low, I paid up.  At least I was insurable.  There was no other way to go but face the truth and try to be healthy.  And hopefully reverse my “rating”.

Because what will I do with all my wealth when I could not live long enough to enjoy it.

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