We beg to differ.
Money matters. Indeed it does. How to make it, how to manage it when you get it, and how to spend it when you have too much of it.
Entire generations have been indoctrinated in the concepts of hooking up to the bigger global market rather than maintaining local self-sufficiency. Even the United States with its decades-long wanton “outsourcing” binge ultimately shot itself in the foot. It created manufacturing powerhouses like China that are now racking up surplus upon surplus while globo-“sourcer”, the US,…
In his latest article “Divergent paths“, Inquirer.net columnist Cielito Habito shared some interesting statistics that provide breathtaking insight into the divergence of the fortunes of what were once the “virtual identical twins” that the Philippines and Thailand were back in 1970, that made the two countries the “estranged twins” that they are today. The divergence…
Read More “In development terms Philippines is no Manny Pacquiao” »
Business operations is the running of a business. The whole point of business operations is the harvesting of value from assets owned by a business. Assets can be either physical or intangible. An example of value derived from a physical asset like a building is rent. An example of value derived from an intangible asset…
Read More “Running a business: 3 key management imperatives” »
Interviewed recently by the Manila Bulletin, Eleazardo Kasilag, the head of The Federation of Associations of Private Schools and Administrators (FAPSA) as much as admitted some private school members of his association are paying teachers below minimum wage, and worried that a new round of pay hikes will force some private schools to close. Kasilag…
Read More “Private School Group Admits Underpaying Teachers, Says Pay Hike Bad for Business” »
Here’s an income-generating idea that aligns beautifully with a natural Filipino cultural predisposition. A report published on The Telegraph tells of how the New South Wales (Australia) Roads and Traffic Authority (RTA) recently issued a letter to a certain Ms Kristen Perry requiring her to cite “just cause” for continued use of personal license plates…
Read More “Filipinos too can build weapons of mass destruction” »
Wealth, in primitive times would have been attributed to simple things like a reduced chance of being eaten by a predator, an improved ability to survive a fight with another tribesman, and increased hunting performance among others. Over millennia, as the amount of humanity’s collective wealth increased this way the nature of wealth changed. The…
According to a brief article late Friday on the Manila Bulletin’s website, President Aquino has rejected the call from leftist groups led by the Kilusang Mayo Uno (KMU) to certify as urgent HB 3745 and HB 3746, which would mandate an across-the-board P125 wage hike as a response to rising fuel and commodity prices. The…
Milton Friedman was a well-known American economist, a proponent of an economic philosophy that is growing in popularity in this country. In practice, it works something like this: Need a real-life example? Do mortgage-backed securities ring a bell? Or for a more locally-relevant example, the price of fuel, which the oil companies will swear up…
Read More “A Quick Guide to the Philosophy of Milton Friedman” »
