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What's On & Expat - Philippines

October  21 - 27,  2007     
 

 

MURRAY HERTZ

Dollar Earners Suffering from
Peso Strength
 

Editorial &
Publishing Consultant
 

  Murray Hertz

President &
Managing Director
 

  Butch C. Bonsol

Editor
 

  Agnes M. Abrau
 

Managing Editor
 

  Francesca L. Ortigas
 

Associate Editors
 

  Carmencita Acosta
C. Jude Defensor
Jacqueline L. Ong
 

Writer/Reporter
 

  Richard A. Ramos (Cebu)
 

Credit & Collection
 

  Aldi Lozano
 

Circulation Staff

  Narciso Lorete

WHAT’S ON & EXPAT is published weekly by
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Poverty... from page 1

value is economic growth if it answers the needs only of the capitalists to the exclusion of the laborers?
    Then, there is the perception of the general public regarding the value added tax (VAT) and the subsequent expanded value added tax (EVAT) for example. It is the consensus that these taxes favor the industrialists and businessmen, and not the consumers who have to shoulder the added burden.

                 Flashback to 2000
    To recapitulate, in the year 2000 all the member states of the United Nations signed and adopted the eight-point Millennium Development Goals. As of 2007 the midterm has been reached towards the target year of 2015. The afore-cited goals are as follows:
  Eradicate extreme poverty and hunger. Achieve universal primary education. Promote gender equality and empower women. Reduce child mortality. Improve women’s health. Stop and reverse the spread of HIV/AIDS and other diseases. Ensure environmental sustainability. Enter into a global partnership for development.

   Where Some Progress Was Achieved
   On a brighter note, it would not be difficult to agree with the Midterm Report that the Philippines has made dramatic progress in the areas of nutrition, reduction of child mortality, combating HIV and AIDS, malaria and other diseases. The report admits that the country has to work harder on targets concerning universal access to education, maternal mortality and access to reproductive health services.
   On the other hand, there are a number of targets that the country has to increase its efforts on.
   For example, access to primary education worsened in school year 2005-2006. Perhaps because the out-of-school children have to help out in farm work or do tasks such as shoe-shining, car-watching, and other menial work to help the family eke out a living?
     Another is the decline in maternal deaths, which has slowed down. And access to reproductive health care has progressed but very little.

THINKING OUT LOUD: The strong peso may be good for some people, but for anyone who depends on dollars for income or for those who bring in US dollars to change into pesos, it’s a disaster. The dollar doesn’t bring much anymore when you change into pesos. For the past few days, the peso-dollar rate has been floating around PhP44 to USD1. True, it doesn’t sound too bad when you recall that it was only a few years ago when the peso was around PhP25 to USD1, but remember that prices were much lower then. Prices have continually gone up to adjust to the dollar strength and the weak peso at that time, but even though the dollar is now weak and the peso is so strong, prices have not gone down. Do they ever? Dollar earners who live in the Philippines are complaining that they have taken a huge pay cut in the past months. Some are saying they just can’t afford to live here anymore. This is not a problem for those earning from countries with stronger currencies, but the poor dollar earners are in for plenty of trouble. Consider American retirees who live on fixed income from pensions, US Social Security, etc. They are also hurting. Some have even suggested they might have to reluctantly leave their favorite adopted country if this continues. Tourism from the USA will also be affected. Many expats, businessmen and retirees living in Thailand, where the baht is now about B33 to USD1, are in even worse shape and are planning to leave. I don’t know what the answer is since I failed my economics course in school, but if prices can’t be controlled or even lowered, there will be serious repercussions. In all of my 28 years of living in the Philippines, I have seen the peso go from PhP6 to USD1 and briefly all the way down to PhP56 and then to it’s present level. I have never seen prices go down and doubt they ever will. It looks like a difficult situation for those who earn or have to spend green money. Sayang, naman.
 

* * *

EAR TO THE DOOR: The Scandinavian Society of the Philippines tossed a big Crayfish Party at the Polo Club on Saturday night, which makes it too late for me to tip you off that if you want to sound “cool,” the proper American pronunciation of crayfish, for reasons unknown to me, is “crawfish or crawdads.” This no doubt came from the New Orleans area where crawdads are a big thing and with the drawling Southern American accent, the cray became craw. I was surprised to find out that Crayfish parties originated in Sweden as a celebration this time of the year. It later spread to Finland and somehow worked its way to Louisiana, USA and has almost become synonymous with the city of New Orleans. Interestingly enough, Sweden imports most of its crayfish from Louisiana and China nowadays, due to legally limited harvesting. Don’t know if we do any crayfish harvesting in the Philippines, but I sure would be interested to find out. Thailand has some limited harvesting in private lakes. Why not in the Philippines? Crayfish parties are pretty rowdy and a helluva lot of fun, as are many of the Scandinavian functions. At this writing, the party has not yet happened and by the time you read this, it will be over, but you can bet your bottom crayfish head that this old columnist will have been there sucking and slurping ‘dem crawdaddys and guzzling all the Akvavit (aquavit) and snaps (schnapps) my gullet will hold. The tradition is “one craw, one drink.” And before I forget, when you suck those crayfish heads,

you gotta make a lotta loud slurping noise. That’s the way they separate the men from the boys.

* * *

PEEPING IN KEYHOLES: Does he ever stop? Raymund Magdaluyo, of Red Crab, Crustasia and Clawdaddy’s fame and one of the biggest and most successful restaurateurs in the Philippines, will open his latest, “Fish Out of Water” (of course it’s a fish restaurant, dummy) in the new Greenbelt 5 on October 26. This makes restaurant number 22 or 23, but who’s counting?...More news you ask? Okay. Seattle’s Best Coffee recently opened up another new outlet in both the fast growing Bonifacio High Street in the Global City and in Trinoma Mall. They have a new look and a new menu...I swear it’s true: A woman collapsed in a supermarket in Wales, the other day when her vibrating panties made her faint with pleasure. The kinky 33-year old housewife was wearing a pair of battery-operated Passion Pants bought from a sex shop, while she was doing her shopping. But she got so stimulated by the 6 cm vibrating bullet in the panties that she lost consciousness. She fell and hit her head in the crowded supermarket. When paramedics arrived, they found her black imitation leather knickers still buzzing. They took them off before an ambulance took her to the hospital. The woman, whose identity has been kept private, suffered no long-lasting ill-effects. And as she left the hospital, a grinning paramedic gave her back the Passion Pants in a plastic bag. A spokesman for the supermarket chain wryly commented, “We like to think shopping with us is exciting enough already.

 

* * *

PEARLY WORDS OF WISDOM IN THE COMPUTER AGE: Memory was something you lost with age... An application was for employment...A program was a TV show...A cursor used profanity...A keyboard was a piano...A web was a spider’s home...A virus was the flu...A CD was a bank account...A hard drive was a long trip on the road...A mouse pad was where a mouse lived...And if you had a 3-inch floppy... you just hoped nobody ever found out!!
 

* * *

PARTING SHOT: Stolen from Philippe Bartholomi’s column in the Boracay Chamber of Commerce & Industry Newsletter, which he in turn, stole from W. L. Flores of the Philippine Star and I dunno from where W.L. Flores stole it (but I’m glad he did) and I stole it from all of them: PLDT road sign: “Slow men at work -- PLDT”...Flower shop by the name of “Petal Attraction”...Sign in front of Mandaluyong mall: “Impotence Demo.”... Sign in Ilocos Sur, “Get rid from forest deforestation, plant a tree today!”...In a shop in Tondo: “No trispassing. If you trispass, you will be bitin by D’Dog”...In Quezon City crossing: “No cross pedestrians will be apprehended”...Barber shops with the name of “Hurry Cutter” and “Felix the Cut” but this the Las Vegas boys will love: “Scissors Palace”
 

* * *

MURRAY’S COLUMN CAN ALSO BE READ ON THE INTERNET AT www.whatson-expat.com.ph
 


               The Outstanding and Less    
                      Fortunate Regions

    It is interesting to note that in all goals and targets, existing indicators exhibited significant disparity by region. Only three regions, viz. Ilocos (Region I), Cagayan Valley (Region II), and the National Capital Region (NCR) were consistently above national averages. The rest of the country lagged behind in most of the targets, with large pockets of poverty noted in these areas.
     The Midterm Report raised concerns about the adequacy of financing, whether public or private, allotted to meeting the MDGs. While MDGs entail activities devolved to local government units (LGUs), most of these, particularly fourth and fifth-class municipalities,

 

 have limited capacity to finance and implement MDG programs and projects. Overcoming the financial problem is vital to achieving the 2015 targets.
      It is estimated that for critical goals such as poverty reduction, health, education and access to water, the financing gap stands anywhere between USD12.2 billion to USDv15.7 billion. Options must be explored to remedy the problem. One such option is the proposed Debt-for-MDG conversion scheme that entails swapping foreign debt or equity investments for MDG programs and projects. But the rub is such option depends on the generosity, or perhaps compassion, of the rich nations.

 
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