Many Filipinos are much poorer now than before the pandemic. Instead of progressing, many have slid back to the 2017 levels, representing a loss of four (4) years. Philippine Statistics on Income Level of Filipinos show that Filipinos earning from P7,800 to P16,000 monthly comprise 7.1 million...
The rich and those in the urban areas, may not quite know the extent of the damage of COVID-19 on the poor and rural folks. The former are mostly concerned about health and death statistics. The reality is for many people daily meals have turned from three to two; from two to just one meal a...
People mocked (in 2017) the bitcoin believers when its price scaled to $30,000 only to drop to $3,000. Bitcoin has no "intrinsic value" (positive net asset value with a robust present value of future earnings), they said. When bitcoin hit $64,000 (currently at $58,124 as of May 9), they reasoned,...
Is the Philippines the worst version of "free-market capitalism"? Alex Lacson, lawyer-author of the book " 500 Years Without Love" referring to Christianity's pervading influence over the nation has some answers to that question found in his magnum opus which follows his highly successful...
East Asia Forum i s an independent think tank group based in Australia that is neither red (Republican), blue (Democrat), or yellow (Communist), mixing our allegorical metaphors to prove our point. In their recent survey, in East Asia, the Filipino citizens were reportedly the most...
The country's hugely correct monetary and fiscal national policies are not going to jumpstart the economy. Only business confidence aided by a resolute vaccine distribution system will do the trick. The country's setback in trillions of pesos (due to COVID-19) cannot be remedied by just mere...
