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WESTERN-WEAR BUSINESS STRONG – TOUGH AS A PAIR OF JEANS (USA)

Posted by Gilmour Poincaree on January 24, 2009

01/23/2009 12:30:00 AM MST

by Elizabeth Aguilera – The Denver Post

PUBLISHED BY ‘THE DENVER POST’ (USA)

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PUBLISHED BY ‘THE DENVER POST’ (USA)

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Posted in BANKING SYSTEM - USA, BANKRUPTCIES - USA, COMMERCE, COMMODITIES MARKET, ECONOMIC CONJUNCTURE, ECONOMY, ECONOMY - USA, FINANCIAL CRISIS - USA - 2008/2009, FINANCIAL CRISIS 2008/2009, GARMENT INDUSTRIES, INDUSTRIAL PRODUCTION - USA, INDUSTRIES - USA, RECESSION, TEXTILE INDUSTRIES, THE FLOW OF INVESTMENTS, USA | Leave a Comment »

‘SLAVE LABOUR’ CLAIM CAN’T STOP PRIMARK SALES FROM SOARING – ALLEGATIONS OF SLAVE LABOUR AT A MANCHESTER FACTORY HAVE NOT DENTED PRIMARK’S SALES

Posted by Gilmour Poincaree on January 16, 2009

15.01.09

The Evening Standard

PUBLISHED BY ‘THE EVENING STANDARD’ (UK)

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PUBLISHED BY ‘THE EVENING STANDARD’ (UK)

Posted in COMMERCE, COMMODITIES MARKET, CRIMINAL ACTIVITIES, ECONOMIC CONJUNCTURE, ECONOMY, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, GARMENT INDUSTRIES, INDIA, INDUSTRIAL PRODUCTION, INDUSTRIES, INTERNATIONAL, JUDICIARY SYSTEMS, RECESSION, REGULATIONS AND BUSINESS TRANSPARENCY, SLAVERY, STOCK MARKETS, TEXTILE INDUSTRIES, THE FLOW OF INVESTMENTS, THE WORK MARKET, THE WORKING ENVIRONMENT, UNITED KINGDOM | 1 Comment »

EM ENCONTRO COM LULA, YEDA DESTACA INDÚSTRIA CALÇADISTA DO RS – GOVERNADORA RECEPCIONOU O PRESIDENTE EM ESTANDE COLETIVO DO ESTADO NA 36ª COUROMODA (Brazil)

Posted by Gilmour Poincaree on January 13, 2009

12/01/2009 – 12h30min

Zero Hora

PUBLISHED BY ‘ZERO HORA’ (Brazil)

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PUBLISHED BY ‘ZERO HORA’ (Brazil)

Posted in A PRESIDÊNCIA, BRASIL, COMMERCE, COMMODITIES MARKET, ECONOMIA - BRASIL, ECONOMIC CONJUNCTURE, ECONOMY, EXPANSÃO ECONÔMICA, EXPANSÃO INDUSTRIAL, FINANCIAL CRISIS 2008/2009, FLUXO DE CAPITAIS, GARMENT INDUSTRIES, INDÚSTRIAS, INDUSTRIAL PRODUCTION, INDUSTRIES, INTERNATIONAL, LUIS INÁCIO LULA DA SILVA, O PODER EXECUTIVO ESTADUAL, O PODER EXECUTIVO FEDERAL, OS GOVERNADORES, RECESSION, THE FLOW OF INVESTMENTS | Leave a Comment »

EM BRINCADEIRA, LULA AMEAÇA JOGAR SAPATO EM JORNALISTAS – PRESIDENTE PARTICIPOU DA ABERTURA OFICIAL DA 36ª COUROMODA (Brazil)

Posted by Gilmour Poincaree on January 13, 2009

12/01/2009 – 13h57min

G1

PUBLISHED BY ‘ZERO HORA’ (Brazil)

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PUBLISHED BY ‘ZERO HORA’ (Brazil)

Posted in A INDÚSTRIA DE CALÇADOS, A PRESIDÊNCIA, BANKING SYSTEMS, BRASIL, COMMERCE, COMMODITIES MARKET, ECONOMIA - BRASIL, ECONOMIC CONJUNCTURE, ECONOMY, EXPANSÃO ECONÔMICA, EXPANSÃO INDUSTRIAL, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, FLUXO DE CAPITAIS, GARMENT INDUSTRIES, INDÚSTRIAS, INDUSTRIAL PRODUCTION, INDUSTRIES, INTERNATIONAL, LUIS INÁCIO LULA DA SILVA, O MERCADO FINANCEIRO, O PODER EXECUTIVO FEDERAL, O SISTEMA BANCÁRIO - BRASIL, RECESSION, SETOR EXPORTADOR, THE FLOW OF INVESTMENTS | Leave a Comment »

PLATINUM’S TURN TO SHINE

Posted by Gilmour Poincaree on January 11, 2009

Saturday, January 10, 2009

by Don Vialoux – Financial Post

PUBLISHED BY ‘THE FINANCIAL POST’ (Canada)

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PUBLISHED BY ‘THE FINANCIAL POST’ (Canada)

Posted in COMMERCE, COMMODITIES MARKET, DIGITAL INDUSTRIES, ECONOMIC CONJUNCTURE, ECONOMY, ELECTRIC / ELECTRONIC INDUSTRIES, FINANCIAL CRISIS 2008/2009, GARMENT INDUSTRIES, INDUSTRIAL PRODUCTION, INDUSTRIES, MINING INDUSTRIES, PLATINUM, RECESSION, STOCK MARKETS, THE FLOW OF INVESTMENTS | Leave a Comment »

SILK WEAVERS SEEK GOVT HELP TO ARREST RISING COSTS (India)

Posted by Gilmour Poincaree on January 9, 2009

9 Jan 2009, 02:50 hrs IST

by Nandini Sivakumar – ET Bureau

PUBLISHED BY ‘THE ECONOMIC TIMES’ (India)

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PUBLISHED BY ‘THE ECONOMIC TIMES’ (India)

Posted in BANKING SYSTEMS, COMMERCE, COMMODITIES MARKET, ECONOMIC CONJUNCTURE, ECONOMY, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, GARMENT INDUSTRIES, INDIA, INDUSTRIAL PRODUCTION, INDUSTRIAL SUBSIDIES, INDUSTRIES, INTERNATIONAL, RECESSION, TEXTILE INDUSTRIES, THE FLOW OF INVESTMENTS | Leave a Comment »

MARKS & SPENCER SAYS WILL AXE 1,230 JOBS AND CLOSE 27 STORES (UK)

Posted by Gilmour Poincaree on January 8, 2009

7 Jan 2009, 1615 hrs IST

AGENCIES

PUBLISHED BY ‘THE ECONOMIC TIMES’ (India)

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PUBLISHED BY ‘THE ECONOMIC TIMES’ (India)

Posted in COMMERCE, COMMODITIES MARKET, ECONOMIC CONJUNCTURE, ECONOMY, FINANCIAL CRISIS 2008/2009, FOREIGN WORK FORCE - LEGAL, GARMENT INDUSTRIES, INDUSTRIAL PRODUCTION, INDUSTRIES, INTERNATIONAL, NATIONAL WORK FORCES, RECESSION, RESTRUCTURING OF PRIVATE COMPANIES, STOCK MARKETS, TEXTILE INDUSTRIES, THE FLOW OF INVESTMENTS, THE WORK MARKET, THE WORKERS, UNEMPLOYMENT, UNITED KINGDOM | Leave a Comment »

TOP GLOVE PROFIT RISES ON EXPANSION (Malaysia)

Posted by Gilmour Poincaree on January 7, 2009

Wednesday January 7, 2009

The Star

PUBLISHED BY ‘THE STAR'(Malaysia)

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PUBLISHED BY ‘THE STAR'(Malaysia)

Posted in COMMERCE, COMMODITIES MARKET, ECONOMIC CONJUNCTURE, ECONOMY, FINANCIAL CRISIS 2008/2009, GARMENT INDUSTRIES, INDUSTRIAL PRODUCTION, INDUSTRIES, INTERNATIONAL, MALAYSIA, RECESSION, STOCK MARKETS, THE FLOW OF INVESTMENTS | Leave a Comment »

COTTON TRADING REMAINS FIRM ON ACTIVE BUYING (Pakistan)

Posted by Gilmour Poincaree on January 7, 2009

Tuesday, 06 Jan, 2009 – 10:26 AM PST

By Our Staff Reporter

PUBLISHED BY ‘DAWN’ (Pakistan)

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PUBLISHED BY ‘DAWN’ (Pakistan)

Posted in AGRICULTURE, COMMERCE, COMMODITIES MARKET, COTTON, ECONOMIC CONJUNCTURE, ECONOMY, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, GARMENT INDUSTRIES, INDUSTRIAL PRODUCTION, INDUSTRIES, INTERNATIONAL, PAKISTAN, RECESSION, STOCK MARKETS, TEXTILE INDUSTRIES, THE FLOW OF INVESTMENTS, VEGETABLE FIBERS | Leave a Comment »

EU’S NEW REGULATION MAY CAUSE PROBLEM – NO TEXTILE, FOOTWEAR ITEM CAN ENTER EU WITHOUT ‘REACH’ CERTIFICATION AFTER JULY 2009

Posted by Gilmour Poincaree on January 3, 2009

December 29, 2008

by Ismat Sabir

PUBLISHED BY ‘THE DAILY JANG’ (Pakistan)

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PUBLISHED BY ‘THE DAILY JANG’ (Pakistan)

Posted in COMMERCE, COMMERCIAL PROTECTIONISM, COMMODITIES MARKET, ECONOMIC CONJUNCTURE, ECONOMY, FINANCIAL CRISIS 2008/2009, FOREIGN POLICIES, GARMENT INDUSTRIES, INDUSTRIAL PRODUCTION, INDUSTRIES, INTERNATIONAL, INTERNATIONAL RELATIONS, PAKISTAN, RECESSION, TEXTILE INDUSTRIES, THE EUROPEAN UNION | Leave a Comment »

TYCOON SET ON SELF-IMMOLATION IF LOAD-SHEDDING PERSISTS (Pakistan)

Posted by Gilmour Poincaree on January 3, 2009

Saturday, January 03, 2009

by our correspondent

PUBLISHED BY ‘THE NEWS’ (Pakistan)

CLICK HERE FOR THE ORIGINAL ARTICLE

PUBLISHED BY ‘THE NEWS’ (Pakistan)

Posted in COMMERCE, COMMODITIES MARKET, ECONOMIC CONJUNCTURE, ECONOMY, EMPLOYMENT, ENERGY, FINANCIAL CRISIS 2008/2009, FOREIGN WORK FORCE - LEGAL, GARMENT INDUSTRIES, INDUSTRIAL PRODUCTION, INDUSTRIES, INTERNATIONAL, NATIONAL WORK FORCES, PAKISTAN, PUBLIC SECTOR AND STATE OWNED ENTERPRISES, RECESSION, RESTRUCTURING OF THE PUBLIC SECTOR, TEXTILE INDUSTRIES, THE FLOW OF INVESTMENTS, THE WORK MARKET, THE WORKERS, TRANSPORT INDUSTRIES | Leave a Comment »

ANIMAL TRAPPERS CAN’T HIDE FROM GLOBAL DOWNTURN – AUCTIONEERS PREDICT AWFUL MARKET FOR PELTS AS LUXURY CLOTHING LANGUISHES AT RETAILERS

Posted by Gilmour Poincaree on January 2, 2009

Wednesday, December 31, 2008

by Lee Greenberg – The Ottawa Citizen

PUBLISHED BY ‘THE OTTAWA CITIZEN’ (Canada)

CLICK HERE FOR THE ORIGINAL ARTICLE

PUBLISHED BY ‘THE OTTAWA CITIZEN’ (Canada)

Posted in CANADA, COMMERCE, COMMODITIES MARKET, ECONOMIC CONJUNCTURE, ECONOMY, ENVIRONMENT, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, GARMENT INDUSTRIES, INDUSTRIAL PRODUCTION, INDUSTRIES, INTERNATIONAL, RECESSION, STOCK MARKETS, THE FLOW OF INVESTMENTS | 1 Comment »

ENDANGERED ANIMALS PUBLICLY CUT UP FOR MUTHI (South Africa)

Posted by Gilmour Poincaree on December 15, 2008

December 14 2008 at 01:48PM

by Mike Cadman

This article was originally published on page 1 of the Sunday Independent on December 14, 2008

PUBLISHED BY ‘IOL’ (South Africa)

Illegal trading in protected and threatened animals, including leopards and cheetahs, is openly taking place at CAPE PANGOLINthe Mai Mai traditional medicines market in central Johannesburg – but the authorities are doing nothing to stop it.

This week at least seven full leopard skins and three cheetah pelts were on display, but traders said they were not aware that they were required to have permits to possess and sell the skins.

Smaller sections of leopard, cheetah and serval skin, for use in capes, headbands and other adornments, were available at the market.

Skins and body parts of at least 40 other species of mammals, birds, reptiles and marine life, some of them endangered, including Cape pangolin, African rock python, honey badger, crocodile, hippo, giraffe and spotted eagle owl are also available. Vulture body parts and feathers, and vervet monkey skins and hands, are also often sold at the market.

The Mai Mai market is a traditional medicines market and many of the traders are traditional healers. Some animal parts are used as medicine to cure physical ailments and others to enhance spiritual wellbeing or for supernatural purposes. Leopard and cheetah skins are widely worn in South Africa by traditionalists and by royal families and other people of status.

“This leopard skin comes from Zambia and its price is R7 500,” a trader who did not want to give her name, working in shop 141 at the market, said. “This one is R6 000; it comes from Botswana.”

She said the cheetah skin displayed in the shop came from KwaZulu-Natal and was for sale for R6 500.

Another trader, working at shop 131, said the several leopard skins and a cheetah skin CHEETAHhanging from the eaves outside came from KwaZulu-Natal.

Both leopards and cheetahs are listed in appendix 1 of the Convention on Trade in Endangered Species of Flora and Fauna (Cites), which is intended to impose strict regulations on trade in these species. Permits are required to hunt these animals or sell their skins.

Many of the other species on sale at the market are protected by environmental legislation.

Though the market is administered by the Metropolitan Trading Company, which is owned by the Johannesburg Metropolitan Council, the company does not monitor the legality of the trade at the market.

“We look to [the] council to deal with issues around wildlife to determine whether or not people are complying with regulations and whether they are authorised to be in possession of particular skins and other animal products,” said Nhlanhla Makgoba, the communications and marketing manager for the Metropolitan Trading Company.

Makgoba said she believed that the council’s environmental health division monitored the trade, but Nkosinathi Nkabinda, a spokesperson for the city’s department of health, said this was not the case, but claimed that the Gauteng department of agriculture, conservation and the environment was the responsible authority.

A spokesperson for the department said it was attempting to deal with illegal trading in wildlife at Mai Mai but the matter was “very sensitive”.

“The use of animals in traditional medicine is a very sensitive issue among certain communities and we have an ongoing programme aimed at educating people about environmental laws,” said Sizwe Matshikiza. “We will not be able to change attitudes overnight.”

Animal Rights Africa said nothing had been done to enforce environmental SLAIN LEOPARDregulations.

“It’s clear that government conservation agencies are not acting in the interests of conservation and wildlife. It’s ironic that South Africa has chosen the leopard as a logo to promote the 2010 soccer World Cup but we do little to offer the species protection.”

CLICK HERE FOR THE ORIGINAL ARTICLE

PUBLISHED BY ‘IOL’ (South Africa)

Posted in ANIMIST RELIGIONS, COMMERCE, COMMODITIES MARKET, ECONOMIC CONJUNCTURE, ECONOMY, ENVIRONMENT, FINANCIAL CRISIS 2008/2009, GARMENT INDUSTRIES, INDUSTRIES, INTERNATIONAL, JUDICIARY SYSTEMS, MEAT, RECESSION, REGULATIONS AND BUSINESS TRANSPARENCY, SOUTH AFRICA | Leave a Comment »

INDITEX GANÓ 843 MILLONES EN LOS NUEVE PRIMEROS MESES, UN 2% MÁS – Las ventas crecieron un 11% entre febrero y octubre, y alcanzaron los 7.353 millones de euros, un incremento que, a tipo de cambio y perímetro constante, se eleva hasta el 14%

Posted by Gilmour Poincaree on December 11, 2008

11/12/2008 08:07

PUBLISHED BY ‘LA GACETA DE LOS NEGOCIOS’ (Spain)

Madrid. Inditex registró un beneficio neto de 843 millones de euros en los nueve primeros meses de su ejercicio fiscal, lo que supone un incremento del 2% respecto al resultado obtenido en el mismo periodo del año anterior, un 4% más a perímetro constante, informó hoy la compañía a la Comisión Nacional del Mercado de Valores (CNMV).

El grupo textil explicó que sus ventas crecieron un 11% entre febrero y octubre, y alcanzaron los 7.353 millones de euros, un incremento que, a tipo de cambio y perímetro constante, se elevó hasta el 14%.

La compañía precisó que, transcurridas seis semanas desde el inicio del cuarto trimestre del ejercicio 2008, las pautas de crecimiento son “similares a las del tercer trimestre”.

El margen bruto de la compañía avanzó un 12%, con lo que se situó en 4.235 millones de euros, y supuso el 57,6% de las ventas. El beneficio bruto de explotación (Ebitda) subió un 5% y se colocó en los 1.545 millones de euros, mientras que el beneficio neto de explotación (Ebit), por su parte, repuntó un 2%, hasta 1.132 millones de euros.

Crecer sin recurrir al endeudamiento

La compañía que preside Amancio Ortega destacó su “fuerte capacidad de generación de caja”, cuya posición neta se incrementó un 9%, hasta 525 millones de euros, lo que le permitió financiar su crecimiento “sin recurrir al endeudamiento”.

En los nueve primeros meses, el grupo abrió un total de 456 nuevas tiendas, 45 más que en el mismo periodo del año anterior, con una inversión de 806 millones. De esta forma, al cierre de octubre Inditex contaba con 4.147 tiendas en 71 países, 456 más que al inicio del ejercicio.

Apuesta por Asia y Europa del Este

Entre los mercados en los que se produjo un mayor incremento en la presencia comercial destaca Rusia, donde el número de tiendas casi se ha duplicado desde el inicio del ejercicio. Otras aperturas reseñables son la tienda Zara inaugurada en Tokio, con la que el grupo alcanzó los 4.000 puntos de venta, así como las primeras tiendas en Montenegro, donde el grupo ha lanzado simultáneamente las cadenas Zara, Pull and Bear, Bershka, Stradivarius y Oysho.

Por su parte, Uterqüe, cadena especializada en accesorios, alcanzaba un total de 24 tiendas a 31 de octubre, entre ellas las primeras en Portugal.

Asimismo, el grupo creó un total de 7.171 nuevos empleos en los nueve primeros meses, de forma que la plantilla de la compañía estaba integrada por 86.688 personas al cierre de octubre. (ep)

CLICK HERE FOR THE ORIGINAL ARTICLE

PUBLISHED BY ‘LA GACETA DE LOS NEGOCIOS’ (Spain)

Posted in ASIA, BANKING SYSTEMS, COMMONWEALTH OF INDEPENDENT STATES, ECONOMIC CONJUNCTURE, ECONOMY, EUROPE, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, GARMENT INDUSTRIES, INDUSTRIAL PRODUCTION, INDUSTRIES, INTERNATIONAL, JAPAN, REGULATIONS AND BUSINESS TRANSPARENCY, RUSSIA, SPAIN, STAGFLATION, STOCK MARKETS, THE FLOW OF INVESTMENTS, THE WORK MARKET | Leave a Comment »

PREMIÊ CHINÊS PEDE CONFIANÇA ÀS EMPRESAS PARA ENFRENTAR CRISE (China)

Posted by Gilmour Poincaree on November 24, 2008

23/11/2008 – 23:57

Reuters

O primeiro-ministro chinês, Wen Jiabao, pediu às empresas nacionais que mantenham sua WEN JIABAOconfiança em lidar com a crise financeira mundial, durante uma visita ao delta do Rio Yangtsé – região rica, mas dependente de exportações -, informou neste domingo (26) a agência de notícias estatal Xinhua.

A China está tentando aumentar o consumo doméstico para compensar a queda na demanda por exportações do país, da qual sua economia depende fortemente. A Província de Zhejiang, visitada por Wen, bem como o centro financeiro do país, Xangai, são conhecidos por seus empreendedores privados.

A manutenção da confiança das empresas é uma “arma poderosa para lidar com os efeitos adversos da turbulência econômica mundial e a instabilidade financeira”, disse Wen, durante um giro pelas empresas que produzem em larga escala e por empreendedores privados locais.

“Deve ser dada grande importância às dificuldades e desafios enfrentados pelas empresas privadas e definidas mais políticas de apoio a elas para criar um ambiente seguro para seu desenvolvimento”, disse ele.

Wen encorajou os envolvidos em negócios em Yiwu, um centro da indústria do vestuário, a se concentrarem no mercado interno e também fortalecer sua posição no exterior.

A China já concedeu alguma ajuda a fabricas de vestuário em dificuldades, ao restabelecer alguns abatimentos fiscais sobre exportações.

A visita do primeiro-ministro ao delta do Yangtsé ocorreu no momento em que Shandong, uma outra província costeira com empresas importantes, anunciou uma redução de quase 3 por cento nos indicadores de emprego no fim de setembro, disse a Xinhua em um outro artigo. WEN JIABAO - CARICATURE

“A desaceleração da economia causada pelo derretimento financeiro mundial tem outros impactos negativos sobre os legítimos direitos dos trabalhadores”, afirmou um porta-voz da federação provincial de sindicados, citado pela Xinhua. Ele mencionou a redução na taxa de aumentos salariais e um número crescente de disputas trabalhistas.

Shandong tem o segundo mais elevado PIB da China, perdendo apenas para a província de Guangdong (Cantão), no sul.

Wen fez um chamado às grandes empresas para que efetuem fusões ou se reestruturem, eliminem capacidade de produção ociosa e elevem investimento em pesquisa e desenvolvimento.

CLICK HERE FOR THE ORIGINAL ARTICLE

PUBLISHED BY ‘GAZETA DO POVO’ (Brasil)

Posted in CHINA, COMMERCE, COMMODITIES MARKET, CONSUMERS AND PSYCHOLOGICAL FACTORS, ECONOMIC CONJUNCTURE, ECONOMY, FINANCIAL CRISIS 2008/2009, FOREIGN POLICIES, GARMENT INDUSTRIES, INDUSTRIAL PRODUCTION, INDUSTRIES, INTERNATIONAL, INTERNATIONAL RELATIONS, NATIONAL WORK FORCES, RECESSION, THE FLOW OF INVESTMENTS, THE WORK MARKET, THE WORKERS | Leave a Comment »

DISSERVICE TO THE NATION – “Men are more often bribed by their loyalties and ambitions than money.” – Robert Jackson – (Philippines)

Posted by Gilmour Poincaree on November 14, 2008

Friday, November 14, 2008

by Postgen Hector R.R. Villanueva

WHILE the monetary authorities among the world’s major economies have categorically declared that the world is definitely in recession, and there is no telling how long it will take to bottom out, we here in the Philippines are still obsessed with Congressional investigations that invariably end inconclusively.

It is dismaying to note that mainstream broadsheet newspapers and major television networks are like ambulance chasers dedicated to magnifying juicy issues and controversial personalities, and oblivious to the global financial crisis that will not spare any country, regardless of how large or small the economy maybe, from economic contraction.

So here we are. Instead of preparing, and looking for alternative sources and resources, to counteract expected decline in overseas employment and pari-passu corresponding drop in inward remittances from abroad; expected contraction in major exports, such as, electronics, garments, and fruits, and reduction in direct private foreign investments and official development assistance (ODAs), our congressional leaders are more preoccupied in extracting confessions, though not yet formally charged or accused, and admissions of wrongdoing, from former Agriculture Undersecretary Jocelyn “Jocjoc” Bolante which obsession is not only counter productive but also wasteful of people’s money and time.

Second, as the externally-induced financial crisis – originating from America – starts hitting landfall, a vicious spiral starts to spin.

That is, consumers become more cautious and parsimonious in their buying habits; banks start collecting from maturing loans while borrowers cannot pay, and when the banks’ liquidity gets threatened, the Government will either provide emergency assistance or buy in into the equity of banks which foreign governments have been doing to their own national banking system.

Needless to say, despite governments’ decisive moves and succor, the people have become wary, confused, and dazed.

Third, it is in this context of preparing for the worst, and hoping for the best, that the political leaders should address and pay attention to instead of grandstanding probes in aid of ambition.

In a word, many of our natural disasters, misconduct of public officials, and financial felonies are better investigated and resolved with the least fanfare and publicity when our officials have more important issues, such as, budget deficit, and diminishing exports, to address.

When all is said and done, it is disconcerting to be subjected to tedious and boorish congressional investigations that lead to nowhere unless the end objective is, say, to associate Jocjoc Bolante to the First Gentleman, and collaterally embarrass the President.

By the same token, with 2010 election just around the corner and the advent of a new administration, the filing of impeachment against President Gloria Macapagal Arroyo is a waste of everybody’s time, and an exercise in futility.

There are so many critical issues to attend to than Jocjoc Bolante, or De la Paz.

CLICK HERE FOR THE ORIGINAL ARTICLE

PUBLISHED BY ‘MANILA BULLETIN’ (Philippines)

Posted in AGRICULTURE, CENTRAL BANKS, COMMERCE, COMMODITIES MARKET, ECONOMIC CONJUNCTURE, ECONOMY, ELECTRIC / ELECTRONIC INDUSTRIES, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, FRUITS AND FRESH VEGETABLES, GARMENT INDUSTRIES, INDUSTRIAL PRODUCTION, INDUSTRIES, INTERNATIONAL, PHILIPPINES, RECESSION, THE FLOW OF INVESTMENTS, THE WORK MARKET | Leave a Comment »