Tag: Congress

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-No To Right Of Reply Bill-GMANews.TV – Media groups vow stiff defense against RORB – Nation – Official Website of GMA News and Public Affairs – Latest Philippine News – BETA

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The right of reply bil would like to ensure that the party referred to by a media report has a law defined right to air his side. Its all fine and good in theory but let’s analyze this in its proper context and we would realize that like libel it is another tool that powerful people use to suppress the truth and/or bullying by the media. Ordinary people like me do not have the resources to hire lawyers to try to sue people for libel or if this becomes law try to force media organizations to air my side. Generalizing this, although I have been extremely critical of the Philippine media, the toolset of powerful people in the Philippines would be the only one that is helped by this bill.

Media groups vow stiff defense against RORB
03/04/2009 | 09:02 AM
MANILA, Philippines – After failing to come to terms with lawmakers, media groups vowed Wednesday to stage a “man-to-man” defense against the passage of the Right of Reply Bill in Congress.
National Press Club president Benny Antiporda said they will not allow the passage of the RORB, which he likened to a “beautiful woman with AIDS.”
GMANews.TV – Media groups vow stiff defense against RORB – Nation – Official Website of GMA News and Public Affairs – Latest Philippine News – BETA.

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Philippine Stimulus

Seems Congress is prepairing 100 billion peso stimulus package, roughly 5 percent of nominal GDP, not bad in scale, but I haven’t seen any of the details.(Can’t seem to find an online copy). As usual opposition makes noise because corruption would probably eat most of the stimulus, and recent reports suggests that they are going to use money from the SSS and GSIS. This is frankly scary because this is shadowing/mimicking what happened in the pre-need crisis early this decade. The GSIS and SSS do not have as large an endowement to begin with and it is probably not a good idea to enter investments they do not have any experience with. (I am reading reports that they plan on investing in infrastructure projects, which is very scary, because most of these projects are just not profitable in a purely financial sense, rather they are profitable in a societal utility sense.)

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