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




