Filipinos might not be that optimistic nowadays but still hoping for a better life next year. The citizens’ optimism declined in the first quarter of 2017. This is based on the latest Social Weather Stations (SWS) survey. The survey said that 43 percent expect their personal quality of life to improve in the next 12 months. 43 percent expect their personal quality of life to improve in the next 12 months. Six percent expect it to get worse as the country refuses financial aid from the EU.
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[VIDEO]: Nananatili pa ring ‘excellent’ ang trust rating ni Pres. Duterte sa first quarter ng taong 2017 ayon sa SWS. Samantala, bumaba naman ng walong puntos ang trust rating ng Pangulo sa Class E o pinakamahihirap na Pinoy.
Still High Despite Decline
The result yields a net personal optimism score of +36, considered as “very high” but it is nine points lower compared to the December 2016 result at +45 score. The December 2016 survey also showed that 48 percent expect their personal quality of life to improve. Only three percent expect it to get worse.
The President is not at all bluffing when he said that he will not accept conditional financial aid. He is very particular especially when it comes to the country’s drug war. The European Union Delegation to the Philippines confirmed that the country will no longer accept financial aid from the European Union (EU). The announcement comes from the EU-PH Delegation public affairs officer Thelma Gecolea. She states that the country turns down around 250 million euros or ₱13.88 billion of grants which are normally allocated to Muslim communities.
New DFA Secretary
The President’s Instruction
The President’s instructions go that if nations want to help willingly, they are most welcome. Help with strings attached or conditions must be refused. No meddling in or stopping the campaign against drugs is acceptable.
A very large deposit of deuterium can be found in the Philippine Deep, located off the waters of Surigao – but a lot more within the West Philippine Sea. First discovered and isolated in 1932 by an American chemist Harold Urey, deuterium or heavy water is composed of two isotopes of hydrogen and an oxygen atom, with a chemical formula of D20 or H30. Initially, the Americans do not want the Philippines to deal with China for its exploration.
[VIDEO]: Vast Deuterium deposits from its discovery to its development with possible partners. Can Duterte’s attitude towards the US fueled by the confidence that Filipinos have an ACE card with nature’s gift?
The Promise for the Future
Even in highly developed first world countries and the possible costs might be staggering, research on this opportunity is still worth investing in, considering the high stakes involved. This program could propel the Philippines as the biggest hydrogen fuel (Li-Hy) producer in the world, and become the only fuel producer 40 to 50 years from now in an oil-depleted world economy.
The United States of America once dreamed of sending a man to the moon. Now it is history. What she did to pursue that dream made her the world’s most technologically advanced and economically prosperous nation. This could happen to the Philippines.
Hope for the Philippines
Once Deuterium exploration and extraction succeed, public works, private construction, economic and financial booms are expected to happen in the Philippines in the same manner as those which happened in the Middle East and financial centers of the world from 1974 to 1984, with everybody earning their respective comfortable livelihood, while pricing basic prime necessities at reasonable and affordable levels.
US’s Rivalry with China
Since the US and China are now competing with almost everything in the international scene, it is but natural for the Americans to feel bad if Philippines chooses to deal with China for the deuterium exploration. The US has been very confident that Filipinos will remain loyal to them. They have not realized that their part in former President Ferdinand Marcos’s downfall can go back to them at this time.
Duterte as Marcos Loyalist
In one of the interviews of Bongbong Marcos, the son of the late strongman, he mentioned the betrayal of the US to his father who thought that they were in friendly relations. Now, it looks like a Marcos loyalist in the person of President Duterte is here to avenge that.
Better Deuterium Deal
Is Duterte just bluffing the US to get a better deal when Deuterium exploration is predicted – or he is really serious in pushing through with China’s partnership?
Despite the tension along the Southeast Asian region, an initiative which is a joint effort between China and ASEAN members nations pushes through to promote trade investment cooperation among members. Here’s an insight on that:
The annual China-ASEAN Expo and the China-ASEAN Business and Investment Summit, are underway in the southern Chinese city of Nanning. The expo has set up pavilions for trade and investment cooperation, highlighting international economic and industrial links.
This year’s China-ASEAN Expo comes at a significant time. 2016 marks the 25 anniversary of the establishment of China-ASEAN Dialogue relations and the first year after the ASEAN Community was built.
An array of meeting and forums have been held during the expo, emphasizing cooperation on cross-border e-commerce, finance, science and technology, agriculture and energy.
The theme of this year’s China-ASEAN Expo is Building the 21st Century Maritime Silk Road, Forging a closer China-ASEAN Community of shared Destiny. More than 26-hundred exhibitors from home and abroad have bring their local commodities on display, that number has reached a historical new high.
This year, Vietnam is the honorary country. And the country continues to send the largest number of enterprises to the expo among the 10 ASEAN nations.
Vietnam has displayed products with potential for exports to China, such as food, wooden furniture, electronic devices and handicrafts.
Many visitors have rushed to the Vietnam exhibition hall for rubber sandals, which are considered as a symbol of Vietnam,
“Our shoes are from Vietnam and our shoes are very popular in China.The shoes are very comfortable. It’s endurable and you can wear it indoor and outdoor, it’s very soft and comfortable,” A Vietnamese seller said.
Many say the expo has provided a platform not only for countries to strengthen relations, but also brings benefits for ordinary people.
Opinion: Microsoft argued that the law allowing the government to confiscate computer data on third-party computers and barring companies from telling contacts that they are targets for investigation against the constitution. That made sense. Read the full report here:
Microsoft vs Government Law
WASHINGTON — Technology, media, pharmaceutical and other companies, along with major corporate lobbying groups, filed legal briefs on Friday in support of a Microsoft Corp lawsuit that aims to strike down a law preventing companies from telling customers the government is seeking their data.
Friday was the deadline for filing of friend-of-the-court briefs by nonparticipants in the case. The filings show broad support for Microsoft and the technology industry in its latest high-profile clash with the U.S. Justice Department over digital privacy and surveillance.
Microsoft’s backers included the U.S. Chamber of Commerce, the National Association of Manufacturers, Delta Air Lines Inc , Eli Lilly and Co, BP America, the Washington Post, Fox News, the National Newspaper Association, Apple Inc, Alphabet Inc’s Google, Amazon.com Inc, the Electronic Frontier Foundation and many others.
Microsoft filed its lawsuit in Seattle federal court in April, arguing that a law allowing the government to seize computer data located on third-party computers and often barring companies from telling their customers that they are targets is unconstitutional.
The Justice Department argues that Microsoft has no standing to bring the case and the public has a “compelling interest in keeping criminal investigations confidential.” Procedural safeguards also protect constitutional rights, it contends. A Justice Department spokesman declined comment on Friday’s filings.
Microsoft says the government is violating the Fourth Amendment, which establishes the right for people and businesses to know if the government searches or seizes their property, in addition to Microsoft’s First Amendment right to free speech.
By: Elena Grace Flores
As Hillary Clinton released her latest federal income tax return rcently, that shows the couple paid more or less a third of their multi-million dollar income to the tax bureau. $10.6 million was paid in 2015, which is a lot less than the almost $28 million they made the year before.
Overall, their tax return showed that both paid $3.24 million in federal income taxes – which means their effective tax rate – a measure of their income tax burden – was 30.6% based on their adjusted gross income, that is on par with their 32% effective rate in 2014.
Clintons’ effective tax rate as 34%, included the $300,000 or a bit more the couple paid for self-employment taxes,considered as payroll taxes for Social Security and Medicare. They are normally not included in the calculation of federal income tax burdens as per basic practice.
This report clearly shows that Hillary Clinton and Bill have satisfied the Buffett Rule that she’d campaigned to implement if elected. The proposed mandate will rule that anyone with adjusted gross income over $1 million would would be paying a minimum of 30% of their income in taxes.
The couple are highly paid speakers and writers that accounted to the $6.7 million they made in speaking fees alone. That is a lot lower than the $20 million they made the previous year. $3.1 million was the income on various books they wrote. Bill Clinton’s consulting business also made around $1.7 million.$226,000 in pension and annuities were also received. Bill Clinton is also entitled to receive a pension worth of $200,000 annually as a former president. on top of that, they gained $109,000 in interest and dividends, with $3,000 in capital losses claimed that was carried over from prior years.They also donated $1 million Clinton Family Foundation, which is another entity and not the Clinton Foundation that has been scrutinized nowadays.
This move ultimately gave intense pressure to Donald Trump who is still hesitant to make his tax returns public. This is why she is pushing him to do so as they found some irregularities in it that might discourage Trump’s voters.Trump promised however that he would disclose it when the audit is complete but the damage has been done on his credibility on the issue because it will give the public a notion that he needs to delay things to be able to do something with his paying almost nothing as an active real estate tycoon that benefited from numerous federal tax breaks.
Aside from that, he is breaking with a 40-year bipartisan tradition of transparency that is asked for by the public from presidential candidates.
The actual value of his fortune and other businesses affiliations are now in question because of the delay. Thus giving hints to critics that he pays very little in income taxes or worst, nothing at all.