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Continue reading →: Power lords
(Continued from Part 2) The restructuring of the power industry under EPIRA facilitated the creation of new private monopolies that lord over not only the distribution but also the generation of electricity. The dominant position of these monopolies, controlled by billionaires in Forbes’ list of richest Filipinos and their foreign…
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Continue reading →: Aquino’s first year speech: Dubious claim on improved rice security
As usual, President Benigno S. Aquino III spent a big portion of his speech during his administration’s first anniversary rites yesterday blaming Mrs. Gloria Arroyo for the numerous problems facing the country. To be sure, the despised Arroyo administration has a lot to account for. But the people have long…
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Continue reading →: Aquino’s “Pilipinas Natin”: Pilipinas nino?
President Benigno S. Aquino III today (June 30, 2011) will mark his first year in office by launching a campaign called Pilipinas Natin. According to the Presidential Communications Operations Office, Pilipinas Natin “represents the point of departure from the failed policies of incremental, trickle-down growth that characterized previous development plans.”…
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Continue reading →: State of the Nation under Aquino’s first year: “Pamumunong manhid sa daing ng taumbayan”
Despite the continuing decline in the people’s satisfaction and approval of his performance as President, Benigno S. Aquino III claims that he is not worried. “I’m really not concerned with the popularity. It will go up and down,” Aquino said in reaction to the latest survey of the Social Weather…
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Continue reading →: The curious case of NAPOCOR debts
Continued from Part 1 Proponents of EPIRA made us believe that privatization will solve the financial woes of state-owned NAPOCOR. In fact, the deep indebtedness of NAPOCOR was one of the strongest arguments used to justify the EPIRA. If state coffers are being bled dry by the debts of NAPOCOR,…
