Take the short view and ultimately fail, take the long view and sustain success

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All roads lead back to that quintessential Filipino issue that is most fundamental to its continued impoverishment: CULTURE. Those who have the cultural predisposition to take the long view will prosper and those stuck with an inherent short view of the world will languish in pwede-na-yan oblivion.

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Leni Robredo misdeclared MERALCO stocks possibly worth 6 million pesos!

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Leni Robredo admitted to Mike Enriquez during a radio interview on May 9 that she owned stocks at Meralco. She also admitted that such had a value of 95k pesos in 1995. Robredo did not declare the value of these stocks, and while she declared owning stocks, the value of such is not listed in her SALN as an asset. Now after doing some crowd-sourcing and math, here is what I found out. I could not get the share prices of Meralco stocks in 1995. What I got thanks to Carlos A Jr Cortes is the value in 2000 which is 4 pesos per share. Using this, and this is even conservative since the price in 1995 must have been lower than 4 pesos, then Robredo owned at least 23,750 shares of stocks (95k divided by 4). The current share price of Meralco is 272 pesos per share. If we use this value, then Robredo has at least 6.46 milion pesos (at least 23,750 shares multiplied by 272 pesos per share) of assets which she failed to declare in her SALN. Using the Corona precedent, this is an i...
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An open letter to CNN on their reporting on the #YolandaPH disaster in the Philippines

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This "open letter" was found making the rounds on social media: * * * Dear Sirs: I just wanted to make some comments on the reporting of the CNN International crew here in Manila, regarding the relief efforts for the victims of super-typhoon Haiyan (which we locally call typhoon Yolanda). First, full disclosure: I am a retired Filipino executive and computer person. I was born in the Philippines and spent all my life here (save for some very short overseas stints connected with my career). I have worked with a large local Philippine utility, started up several entrepreneurial offshore software service companies (when outsourcing was not yet in vogue), and also served as the Philippine country head for a multi-billion dollar Japanese computer company. This diverse work background allows me to always see both the local and global point of view, and to see things from the very different standpoints of a third-world citizen, and a person familiar with first-world mind...
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A strong call to Sen. Leila de Lima to explain AWFUL crime statistics under her watch

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