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A call for action to liberalize global trade
FREE trade and free markets are essentially about making trade easier by allowing the market to balance needs, supply, and demand. The modern system of free trade, free enterprise, and market-based economies emerged as one of the engines of development for the Industrial Revolution 200 years ago and has been successful in nurturing technological innovation, in promoting initiative, and in creating wealth. On the other hand, it has also increased poverty. From a power perspective, free trade is seen by many around the world as a continuation of the old policies of pillage whether it is intended to be or not. For some countries, free trade has brought growth and development but unfortunately for many, it has not met immediate needs and the inequalities are severe.
Memorable quotes
AT the Rotary Club of Makati, PCGG Commissioner Ricardo Abcede, said of party-list representative Etta Rosales, "I guess if I had been incarcerated and tortured by the military authorities during the Marcos dictatorship, I too would be bitter and angry, inconsolable, and without peace…at least not until all the surviving Marcoses shall have been slaughtered publicly and their body parts sold to distinguished collectors."
Rally behind flag and country
PRESIDENT Gloria Macapagal Arroyo yesterday cited the continued growth of exports and direct foreign investments in the country.
The Senate’s long story
(Editor’s note: Proponents of a new Charter envision a Utopian era for us all as noted by the author.)
Oil-hungry India needs dubious regimes
NEW DELHI — As the global scramble for hydrocarbon reserves leaves fewer sources to tap, India is busy forging alliances with pariah states to fuel its booming economy.
New oil giant rises in Siberia
GUBKINSKY, Northern Russia — With the looming emission of billions of shares in Russia’s Rosneft state oil company, a new energy giant is emerging from the Siberian swamps to bolster the Kremlin.
Teaching about anger
JESUS said to His disciples, "I tell you, unless your righteousness surpasses that of the scribes and Pharisees, you will not enter into the kingdom of heaven.
Initiatives for the economy
INITIATIVES for the economy need to be undertaken by millions of people every day. All these need to be pervaded with proper values and promoted through key institutions.
Grand no more
BEFORE the 1996 Rizal centennial, the house where the national hero grew up, in Calamba, Laguna, exhuded an air of dignity and old-world elegance. Through the years, shrines and landmarks dedicated to his memory were meticulously supervised and tended by the National Historical Commission (now Institute), despite a meager budget. Special care was lavished on the reconstructed Rizal house and the bucolic garden where the Mercado children played in their "bahay kubo" and romped among narra trees, mabolos and ilang-ilang. The Dapitan shrine, "Mi Retiro," was kept just as Rizal had left it. His cell at Fort Santiago evoked awe and respect. Ironically enough, the multifarious ad hoc committees created by the Rizal Centennial made officiously tasteless changes that robbed these sacred shrines and landmarks of dignity and grace.
Claims of conscience
LAST Monday’s exhortations of the virtues of national sacrifice and steadfastness in the attainment of freedom and nationhood were reiterations of the rhetoric that we hear each year when the country celebrates Independence Day.
Reward and punish
SO young, so ambitious. So young, so powerful.
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