Bank stability in the Philippines
By JoeAm I was surprised at the shock wave that rolled through banking and economic news reports on the announced bankruptcy of Hanjin Heavy Industries and Construction Philippines. Hanjin is a Korean shipbuilding company that operates in the Subic shipyard. The bankruptcy left Philippine banks holding the bag for a reported $412 million in loans, and … Continue reading
A certain lack of character in the Philippine legislature
By JoeAm I started thinking about how to characterize a legislature that would have 9 year-old children taken from their parents and placed in confinement with other so-called “kids in disregard for the law” until they are as old as 25, and then expect them to emerge into the greater world as constructive members of … Continue reading
On the matter of criminal responsibility for 9 year old kids
By JoeAm House Speaker Arroyo and Senate President Sotto evidently intend to sponsor legislation to allow children as young as 9 years of age to be criminally responsible in the Philippines. The current age for criminal responsibility is 15 years of age. What are we to think of this? The arguments for it are those … Continue reading




