Other countries had lost and then regained their AAA rating in the past

By -

Australia, Canada, Denmark, Finland, and Sweden had also lost their AAA ratings in the past but eventually managed to gain it back.

Comments

Post a Comment

Popular this week

Leni Robredo misdeclared MERALCO stocks possibly worth 6 million pesos!

By -
Image
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...
Read more

Pwede-na-yan mentality & #puso will not uplift quality of #Philippines #basketball

By -
Image
To Gilas fans I respect very much your support and enthusiasm on the win and efforts of Gilas. But "Pwede na yan attitude" (this will do) is a clear sign of FILIPINO MEDIOCRITY – being happy & contented with a none bearing win instead of winning all 4. It also makes Filipinos stupid/dumb because there is really Nothing to be proud of – win or loose Senegal not Gilas will qualify in the next round of FIBA. "Pwede na yan! (That will do!) – This kind of thinking makes us content with mediocrity. Whenever we say pwede na yan, we're saying I'm ok with so-so products & services, I'm ok with low quality or mediocre output. We all deserve better than that from ourselves & from others. " Remember If we expect only the best from ourselves & from others, it will vastly improve the quality of every aspect of our lives. https://denganda.wordpress.com/tag/pwede-na-yan/ Gilas clearly could have won all 4 games & enter the next round. It ...
Read more

Jo Lapira: youth wasted on Joma Sison's bankrupt communist ideology

By -
Image
“Youth is wasted on the young”, they used to say. If you send your daughter or son, to universities, like the University of the Philippines. You send him or her, to learn about the subjects, of the field, he/she is hoping to finish and graduate. Not waste his/her time on bankrupt political ideologies like communism. Jo Lapira, the NPA casualty is a good example. Her parents, may have been slaving to earn money to send her, to college and give her a good education, so that, after graduation, she could have a good job and a good career, to better her life. However, she wasted this opportunity in her life fighting for an ideology she hardly understood. She wasted her life; and now her life ends tragically, in a clash with the AFP. Those who still believe this communist ideology is the panacea of our country’s problems should realise that this communist ideology is a failed ideology. It has been tested, and the communist theory of workers’ utopia, is a Delusion, and a Mirage. What...
Read more

Reporters Karen Lema and Manuel Mogato of @Reuters LIED about the Duterte "Hitler" quote

By -
Image
The oh-so-noble journalists are at it again, this time, with Duterte’s Hitler comment. I am no Duterte fanatic. I criticize him more scathingly than anyone when his mouth is out of line. But this time, Duterte really didn’t say anything wrong. The real culprits behind the fuss over his Hitler comment are Karen Lema and Manuel Mogato, two Filipino reporters of the Reuters news agency, who wrote this article: “ Philippines’ Duterte likens himself to Hitler, wants to kill millions of drug addicts ”. Lema and Mogato are Filipinos. There’s no way they could have misunderstood what Duterte really meant in his speech. I watched the video and this is what the President said: “Hitler massacred 3 million Jews. There are 3 million drug addicts. I’d be happy to slaughter them. At least, if Germany had Hitler, the Philippines would have ….. my victims, all criminals, to finish a problem of my country, and save the next generation.” (See for yourself here . The Hitler part is at 14:40....
Read more