Monday, September 15, 2014

REPUBLIC ACT NO. 10641 - AN ACT ALLOWING THE FULL ENTRY OF FOREIGN BANKS IN THE PHILIPPINES, AMENDING FOR THE PURPOSE REPUBLIC ACT 7721

Section 1. Section 2 of Republic Act No. 7721 is hereby amended to read as follows:

Sec. 2. Modes of Entry. - The Monetary Board may authorize foreign banks to operate in the Philippine Banking System through any one of the following modes of entry: (i) by acquiring, purchasing or owning up to one hundred percent (100%) of the voting stock of an existing bank; (ii) by investing up to one hundred percent of the voting stock of a new banking subsidiary incorporated under the laws of the Philippines, or (iii) by establishing branches with full banking authority.

Thus reads and provides a newly-drawn and approved economic provision in conjunction with the banking system in this Country – a provision which in effect openly admits and officially affirms the following pitiful economic realities in the Philippines, notwithstanding all interesting elocutions and rhetorical counterclaims of the present administration.

a. The bluntly and formally admitted sad but standing reality of bankruptcy in the Country such that foreigners are now allowed and even enticed to own no less than 100% of any or even all local banks in the Philippines.

b. The consequent right of the said foreigners owning 100% of such local banks to fully manage – buy, sell, trade – the latter's investment in the mineral resources of the Country, the power industry in particular.

c. The invitation to foreign capital to establish and own as many foreign banks in the Country as they want, with likewise 100% foreign ownership and wherefore equally 100% foreign management.

Question: What will still be amended in the economic provisions of the Philippine Constitution?

Question: Who will ultimately manage business in the Philippines, minerals and power well-included?

Question: What else will the present administration alienate to foreigners within less that two years – if not more six years?

Friday, September 12, 2014

SUICIDE

Interesting! More and more modern dictionaries do not even have the word “suicide” mentioned therein in order to somehow define or describe what it really means. More. Strange but true, even updated books on Psychiatry neither carry the term “suicide” in order to analyze the phenomenon, to proffer its cause and the like. But truth to say, suicides here and there are still taking place in the Country – more often than before. And the media outlets, big and small, carry the news. In fact, radio and TV interviews are taking place usually about the reasons for suicide.

But the truth of the matter is that even common people know what is suicide, how it is done, and even why someone does it. And those who commit suicides are counted among the old and the young, men and women, for reasons that are usually known to others – such as their relatives and friends. Yet, even but to speak of suicide is somehow already uncanny and scary as well because it is altogether against the day-to-day life of ordinary individuals. That is why rightly said, those who commit suicide are neither victims – nor culprits really.

By the way, the well-known Commandment You shall not kill.” is absolute – with no exception at all, killing oneself included. Just as no one may kill others, neither is anyone allowed to kill himself or herself. In fact, one of the most common, understandable and even automatic act of people is to protect their lives and limbs – as a matter of course. So it is that people instinctively cover their heads when something is falling, run away when danger is perceived, hide themselves in the event of gun fires – and the like.

The detestable and even horrible act of taking one's own life is an expression of a total loss of the will to continue living on account of an extreme depression that brings about despair which is the utter loss of hope from everybody – God included! So it is that the one and only perceived solution that presents itself then and there, is suicide to end all suffering, hurts and pains, to do away with this and that big, personal hurt, misfortune and/or shame. This is why in the mind of some people, suicide is downright cowardice, which is not only false but also mean to the victim.

The truth is, rather than an act of pride or malice, suicide is usually understood as some kind of psychological malfunction – on account of unusual and severe affective pain and/or distinct psychological disorientation – whereby someone “runs away from life” that is then deemed unbearable to live and useless to suffer for. Translation: Despondency. Depression. Hopelessness.

Wednesday, September 10, 2014

“CONDITIONAL CASH TRANSFER” [translation: LIMOS]

     A novel way of making the poor as downright mendicants or beggars, a creative way of the administration playing Santa Claus by generously giving away public funds to its chosen private recipients, an ultimately ingenious means of buying political patronage specially at the supposed advent of elections – all these and other indefensible factors are behind the so-called CCT funded by a truly generous capital of 108.881 billion for 2015! This dubious invention – though at first perceived as love incarnate and care unlimited by the present administration through the now likewise dubious DSWD – actually raises more and more reasonable questions in all sincerity and candor.

     Following then are some of the more relevant and serious questions asked and heard behind the allegedly brilliant yet actually dubious idea of freely giving away public funds to supposedly poor families: In the first place, why is a family poor – because of indolence, due to vice, on account of irresponsibility? How poor should a family be in order to receive CCT? How regularly really do the poor families get their CCT? Who says or determines that a family is really poor and why? How long may a family remain poor in order to continue receiving the CCT? How sure is it that every poor family really gets the whole CCT amount although all the required receipts are signed? Who is really watching if the recipient is actually and faithfully living up to the conditions required by the Cash Transfer? How long may a family remain poor, all month after month Cash Transfers notwithstanding? When the present government is gone, will CCT vanish therewith?

     There are more and more poor people in the Country – notwithstanding all claims and allegations of Malacañang to the contrary. The poor have the need and the right to get financial help from Malacañang that in effect has the “Power of the Purse” and that in truth also aims at holding the “Power of the Pen”. But there must be a much better way of helping the poor instead of giving dole-outs or mere limos to them. Not all poor people are beggars – all contrary ideas and demeaning perceptions of Malacañang to the contrary notwithstanding.

     There are basic Livelihood Programs which are rather easy to teach, to learn and to put up. There are little Cooperative Ventures that are not difficult to study and operate. There are modest Manufacturing Enterprises that need but practical knowledge and skills. This is but converting the limos into trabaho, thus making the poor regain their legitimate dignity and pride.

     Is this too hard to understand?

Monday, September 08, 2014

THE IMPEACHMENT DRAMA ENDED AS EXPECTED. THE CONCERNED CITIZENS ARE EXASPERATED. THE OUST MOVEMENT FORMALLY STARTED.

The above-said successive realities constitute a truly disturbing and lamentable triad that is gradually pushing the main character therein to the corner – with or without him knowing it either for incompetence, hardheadedness or plain insensitivity. He blindly followed the supposedly creative agenda of his allies against the Constitution itself. He was duly censured by the Supreme Court. Now he wants to castigate the said highest judicial entity in the Country with puerile vengeance at heart plus a juvenile quest for a second term in office plus the boyish desire to have the Constitution amended. So it is that the same figure continuously invoking his tiring and tired mantra that he consulted his “boss” which in fact is the KKK. If the pitiful man is confused and confusing, much more disturbed and suffering are the People of the Philippines.

The impeachment drama has ended as expected. It is not a secret that Impeachment is a political play, a number's game. It is not a question of what is right but what is politically profitable. Much less is it a matter of justice but who has the greater number of duly enriched followers. Majority of the Members of the House and of the Senate are in the pocket of their Chief-in-Command. So it is that none of even a hundred and one Impeachment Complaints against such a big spender of public funds for political motives would be ever “sufficient in form and substance”. Remember the last Impeachment Case desired and designed by the same Malacañang figure? A “White Lady” was the clincher!

The concerned citizens are exasperated. So much public funds go to private pockets in the same way that so much private funds pay for so many public utilities – all of which are the incarnations of gross graft and corrupt practices. So many people suffering from want of food, shelter and clothing. So much taxes for so many things under so many reasons are paid from birth to death. So many heinous crimes committed day in and day out. So many men and women willing to expose the lives and limbs to danger just to earn a living overseas. So man women and girls become buy-and-sell materials. Marijuana, gambling, thievery have become part of life.

The oust movement formally started. This is bad news! Be it successful or a failure, it says one and the same thing: many people are tired of the present Administration. They want it out of their life. They are either well-prepared or still preparing. They go under different titles like “RAN” (Resign Aquino Now), “ARM” (Aquino Resign Movement), etc., etc. with various constituents of the civil and other societies. Irrespective of whether they succeed or not in their option, no one really knows. One thing though is certain: More and more people are tired and disgusted with the incumbent national leadership.

Friday, September 05, 2014

DEATH PENALTY

The issue of Death Penalty has again come to fore. The matter of killing someone for having killed or markedly victimized somebody else has become a “back and forth”, an “on and off” practice in this Country. There is really nothing “black or white” about the intrinsic evil of Death Penalty, it does not necessarily follow that all criminals will be all around. And when the law of Death Penalty is on, it is neither certain that no heinous crimes would be committed at all. In other words, a deadly law does not necessarily prevent deadly crimes. This is a well-established objective truth in the past and modern history of this Country in particular. In other words, Death Penalty is definitely not an automatic deadly crime prevention means.

What then?

a. Get rid of the usual causes of heinous crimes – such as the ready availability of drugs and alcohol, the open promotion of gambling and carnal vices, the prevalence not only of poverty but also of misery.

b. Have a Police Force – plus their allied agents – that is really well-trained and disciplined, that is beyond suspicion and sufficient in number, that is a familiar neighborhood figure in terms of their protective presence.

c. Put up a Justice System that works, that works well, that works without friends or foes and that works fast and credibly – over and above all political considerations, monetary benefits, promissory promotion.

Why?
a. “You shall not kill” is definite and defined in the sense that taking the life of someone has no excuse except to protect one’s own in self-defense.

b.T he State has not given life to anyone at anytime and in any occasion. So it has neither the right to take the life of someone by Death Penalty.

c. The penalty of Life Imprisonment for a proven heinous crime committed is just and proper so that the criminal is made to lament, to repent, to convert accordingly.

Just as no one has given life to himself, neither has he the right to take it by himself through any means such as by suicide nor has the State the right to kill him for a given crime. And if later on – due to human fallibility, even on the Highest Court in the land – it is found out that the one killed is not really guilty of the heinous act he was accused of, the State is absolutely in no position to take away the life it has precisely taken away.