All too well, everyday, and everywhere we know that the world is gripped with an economic typhoon. As Intel closes its Philippine operations, and as left and right people are let go, even from profitable companies like IBM, the world hasn’t seen this fierce challenge in decades. As much as it sounds cold and calculating, [...]
A Global Market Meltdown
October 12, 2008 By 1 Comment
A New Morning For Everyone
October 11, 2008 By 33 Comments
Many economists are already saying that more than 250,000 Filipinos will probably lose their jobs due to the global recession. This doesn’t take into consideration the estimated 20-30,000 Pinoys abroad who’ll probably lose theirs and go back here because of the US financial meltdown. The World Bank and the International Monetary Fund (IMF) have both [...]
The Bailout
September 23, 2008 By 12 Comments
$700 billion, this is the potential minimum cost with which The Bush Administration headed by Hank Paulson is asking the American people. And I agree with Senator Obama, and maybe even Senator McCain, that indeed this must be done with an oversight that is needed with such a huge sum amount of money. Look at [...]
Global Economy: Worst Is Yet To Come
July 1, 2008 By 2 Comments
As we blame Sulpicio Lines for that sea disaster (the 5th time!), the world waits for the announcement of the US Federal Reserve on the fate of the US economy. This Thursday, the Fed will announce the first quarter economic performance of the economy. This is quite important, since the Fed is also expected to announce the impact of rising crude prices, unemployment and food prices. Technically, the US is suffering a mild recession and it could worsen into a depression if left unchecked.
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