Tuesday, May 30, 2006

Economic freedom first for Filipinos

Good initiative, however, the bigger problem is lack of economic freedom...
PGMA declares retirement industry flagship project, names Aglipay retirement czar
President Gloria Macapagal-Arroyo declared today the retirement industry as a flagship project to bolster the government’s bid to position the Philippines as a global retirement haven.
Appointed as retirement czar was former Philippine National Police (PNP) chief, retired Gen. Edgardo Aglipay.
The President announced the government’s new thrust in the development of the retirement industry and Aglipay’s appointment at the Cabinet meeting in MalacaƱang this morning.
A fully developed Philippine retirement industry could create four million jobs and generate an income of $44 billion for the country by 2015, industry sources said.

Economic freedom from government involvement in everyday lives of Filipinos.
Loosen the noose of regulations in obtaining business permit in barangays, mayor's office, streamline to bare minimum requirement to start a business, reorganize inefficient immigration office, privatize the corrupt and non functioning post office...
Classic capitalism must be implemented...
He added that there will be a multiplier effect of the industry, one of which is putting an end to the "brain drain," specifically in the medical profession.
"Our doctors, nurses and caregivers could stay put in the country and work here if the retirement industry is fully developed," he said.

MD's becoming RN's to facilitate visa to the US is capitalism, filipino style. Their self interest well understood.

Preparedness drills...

MANILA, Philippines, May 29 (UPI) --
The Philippines will conduct earthquake preparedness drills nationwide following the temblor that rocked Indonesia, killing more than 5,000 people.
The Philippines is in an earthquake zone; a quake measuring 5.3 on the Richter scale was felt Sunday in the north of the country.
No damage or injuries were reported, however.

God Bless all Filipinos
God Bless the Philippines.

Reward for terrorism tip...

Incentives works...
Capitalism, Filipino style
MANILA, Philippines, May 29 (UPI) -- The United States is awarding $500,000 to two informants in the Philippines whose information led to the capture of a terror suspect connected to al-Qaida.

Sunday, May 28, 2006

US Sec of State Condi Rice 5 responsibilities of educated people.

US Sec of State Condoleezza Rice Commencement Address at Boston College, May 22, 2006.

5 important responsibilities of educated people.

1. The first responsibility is one that you have to yourself, the responsibility to find and follow your passion.
2. The second responsibility of an educated person is the commitment to reason.
3. A commitment to reason leads to your third responsibility as an educated person, which is the rejection of false pride.
4. The fourth responsibility of the educated person is to be optimistic.
5. The final responsibility to the educated person; really, the most important responsibility of all, to work to advance human progress

Friday, May 26, 2006

American Competitive Capitalism on display for the world to see

'American Idol' the tv show, that is.
Capitalism is an economic system, characterized by a free market and open competition, in which goods are produced for profit, labor is performed for wages, and the means of production and distribution are privately owned, as defined by a dictionary.
Every aspect in Capitalism starts with the individual. Individual effort, determination and perseverance. To compete in any thing, academic, sports, business or amateur hour need practice, practice, practice. Open competition is exercise and practice for creativity of thought, words and actions. Independence and self reliance awarded with a sporty Ford Mustang and other stuff at competition culmination.
Capitalism like democracy did not originate in America but capitalism and democracy fit American individualistic psyche. One support the other and vice versa. Leash and brake is God. Profound belief in Almighty God's power over all, the one and only source of authority in natural laws.
Competitive capitalism according to Milton Friedman is 'the organization of the bulk of economic activity through private enterprise operating in a free market'.
Nothing as competitive as this 21th century version of 'The Gong Show'and as American.
Music industry version of football draft or Heismann. A text more interactive for a couch potato like me.
Watch it for the first time this week with my apo. I'm hooked. Can't wait for next season opening.

Wednesday, May 24, 2006

NY Times anti-capitalist bias

Clearly, there is a NY Times anti-capitalist bias in this article 'U.S. Plan to Lure Nurses May Hurt Poor Nations' by Celia W. Dugger about a provision in the immigration bill proposed by the US Senate that removes the limit on the number of nurses who can immigrate.
Removing the immigration cap, they said, would particularly hit the Philippines, which sends more nurses to the United States than any other country, at least several thousand a year. Health care has deteriorated there in recent years as tens of thousands of nurses have moved abroad. Thousands of ill-paid doctors have even abandoned their profession to become migrant-ready nurses themselves, Filipino researchers say.
"The Filipino people will suffer because the U.S. will get all our trained nurses," said George Cordero, president of the Philippine Nurse Association. "But what can we do?"

How dare NY Times' Ms. Celia W. Dugger insinuate that individual Filipino nurses are responsible for the deterioration of health care in the Philippines! Unload the burden of guilt for the suffering of Filipino people on the shoulders of hard working Filipino nurses.
If Filipino nurses hadn't work in US hospitals as exchange students before the 1965immigration reform, health care institutions in the Philippines would have been worst.
The principal and assistant principal of my nursing school trained as exchange student in Chicago and Jersey City hospital. My school of nursing closed and merge with universities for BSN program in mid 1980. They both immigrated to the US after that for their self interest.
These 'ill-paid doctors' who 'become migrant-ready nurses' did it for their individual selves, their families and in the end, the nation. That's classic capitalism according to Adam Smith.
A nursing degree, like any professional degree is a capitalist business endeavor. There's profit at the end of the endeavor. Any control toward that profit is another deduction of economic freedom for all Filipinos.
Filipino MD's becoming RN's, RN's migrating to US hospitals and nursing homes for better wages than those earned in the Philippines is a capitalistic endeavor. Their self interest for their passion will reward them with financial profit in the long run. Beneficial for themselves and the Philippines as a nation for their acquired knowledge, skills, American assimilated culture and economic profit.
Adam Smith wrote in The Wealth of Nations that 'division of labor arises from a propensity in human nature to exchange.'
Filipino nurses as overseas foreign worker (OFW) is a capitalistic endeavor of supply and demand, exchanging the excess human capital of the Philippines somewhere there's demand. It is privately owned profit from a capitalistic endeavor of hard work, currency exchange at world market price and self interest with minimal government intrusion.
Someday, when these nurses are comfortable and fairly satisfied with how their lives evolved in America, will give back to the Philippines in some way or another by capitalistic means.
Today, these nurses are generous money remitters, sending siblings and relatives to school, financing a business, never forget a holiday and birthday cash gift.
Capitalism, Filipino Style.
God Bless all Filipinos!
God Bless the Philippines!

Filipino nurses, competition is in the horizon

Since the US immigration reform of 1965, Filipino doctors and nurses with their immediate family were the bulk of immigrants from the Philippines.
Today, nurses are the bulk of immigrants from the Philippines to the US. Filipino doctors and other degree professionals taking up nursing to get a US visa sooner. However, the price of supply and demand of nurses, invites competition. And that's a good situation for all - Filipino nurses, US health care institutions and nation producers of nurses...

Competition is good for nursing, nurses and nursing education in the Philippines.

Read this article

Now, it's time for those nurses and doctors that came earlier to give back to the Philippines in time, effort and their creative genius with capitalism as the model.
Capitalism, Filipino style...

Competitive Capitalism Filipino style!

of Expression of Ideas Competition of Panibagong Paraan 2006
Attend and spread the word...or better yet enter next year's competition...
Go to this website for details...
The Philippine Development Innovation Marketplace, or
Panibagong Paraan (New Ways), is about fresh perspectives, new ways of doing things, people working as one for positive change. Like the rays of the sun, these small successes, ideas and sentiments for positive change - when adopted, replicated and scaled up - can gradualy radiate to other segments and communities of the country, and illuminate the path to development that benefits all, and not just a few.

With the theme, Development with Equity, Panibagong Paraan 2006 explores ways of equalizing opportunities - so that all Filipinos can have a chance for a better life and together, work for the nation's development. Development with equity means addressing issues on incomes, assets, services and voice.

Capitalism in UK, revival?

Classic Capitalism encoded in Adam Smith's The Wealth of Nations...need a reminder at all times.
The 'invisible hand' of capitalism is really invisible to practitioners of capitalism including the Gates, Buffet and Murdoch of the world.
We need a revision course on why capitalism is a good thing
by James Bartholomew

Read the article