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...
View ArticleOil 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...
View ArticleThe 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...
View ArticleThe 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...
View ArticlePanic 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...
View ArticlePAL 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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