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Consumption Factor Key to Addressing the Food and Oil Crises

Jared Diamond, professor at U.C.L.A., asks: What’s your consumption factor ? His question is relevant as the world reels from the oil and food crises, which will get worse before it gets better. The...

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Oil Price Shocks and Other Midyear Prognostications

Here are my forecasts for the next half of 2008, and I feel gloomy just thinking about most of them. 1. More Oil Price Increases – a worldwide trend with no let-up in sight. I get a fever every time I...

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The Panic of 2008

It’s been called a tectonic shift in the global economic environment, with aftershocks to be felt for some time to come. First, investment bank Lehman Brothers , a firm founded in 1850 and which...

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The Global Financial Crisis Impacts the Philippines

The expanding global financial crisis is expected to slam the country with the force of a tsunami, which began as a ripple in a far-away land but will be at the height of its force when it hits...

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Panic Grips the Philippine Stock Market

The Philippine Stock Exchange plunged 12.3% yesterday, the biggest one day loss in its recent history. The unprecedented drop forced officials to temporarily stop trading, also a first for the PSE. The...

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PAL Pilots Fly to Greener Pastures

Almost four year ago, I wrote an entry “Flying the Coop” in which I observed: A recent news item says that more pilots have been leaving the country for greener pastures overseas. Philippine Airlines,...

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