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Salvaging the Malampaya Fund (Part Two)

The objective of the sovereign wealth fund, however, is not to be a stagnant financial reserve. Norway, the country with the largest sovereign wealth fund in the world, has avoided the “resource curse” by not spending its oil revenues. However, Jens Stoltenberg… states, “The problem in Europe with the deficits and the debt crisis is […]

Bakit kami lang?

The theme of Sen. Jinggoy Estrada’s interminable privilege speech, “The untold PDAF (Priority Development Assistance Fund) story that the people should know”, is selective justice is injustice or as we say in Tagalog, “Bakit kami lang?” He said, “We have been singled out, Mr. President, as our people should know, in the so-called 10-billion peso […]

Tanda, Pogi and Sexy in the dock

I predict Tanda will be acquitted. Pogi will admit he is Pogi. Sexy will also admit but he will face an additional charge of perjury. Tanda has from the very beginning stated that he does not know Napoles, that he has had no dealings with her. In addition, he said that due to his age […]

Lady’s choice

What will have more profound impact on society, Janet Napoles going to jail or a bunch of senators and congressman going to jail? Media has been fueling speculations about the Napoles surrender as if it was a privilege that was accorded to her because of her irresistible influence and connections, or that it fits with […]

On Virgie and Jinggoy

A new video of controversial LT (Land Transportation Office) chief Virginia Torres playing a slot machine in one of the local casinos surfaced a day after an earlier and poorly shot video of her doing the same thing was uploaded on YouTube. The new video made her response to the original video sound like a […]