Tag Archives: Recession

rePost: Dr Doom on the Philippines:RGE – Are There Bright Spots Amid the Global Recession?


The Philippines’ stalwart consumers saved the economy from the recessions that plagued its more export-dependent neighbors. Remittances proved surprisingly resilient despite the global economic slowdown as Filipino laborers, especially professional or skilled workers, continued to find strong demand overseas. This was partly due to the government’s diligence in forging new hiring agreements with several countries. Unperturbed remittance growth shielded domestic demand from high unemployment rates at home, which is obscured by the country’s very loose definition of employment. In the meantime, however, dependence on external demand for Filipino labor denotes a lack of progress in developing the local economy. Apart from land grabs by Persian Gulf countries, the Philippines has attracted little foreign investment of the kind needed to create jobs and lift Filipinos out of the poverty that afflicts a third of the country’s 90 million people. (For more, see Philippines 2009 Growth Outlook: A Recession-less Bright Spot in Asia?)

via RGE – Are There Bright Spots Amid the Global Recession?.

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rePost:Finding Happiness:Stumbling and Mumbling: Money, reputation and happiness

Heather Marks modeling for Miss Sixty, Fall 20...
Image via Wikipedia

I suspect there might not be. One reason why I think I’m happier now than when I was younger (despite the U-shape in happiness over the life cycle) is precisely that I’ve stopped giving a damn what anyone thinks about me. If you care about your reputation, you end up worrying about things you can’t easily control. You become like Heather Mills, ranting hysterically about the press.

This is pretty much the exact opposite of Mihaly Csikszentmihalyi’s recipe for happiness – flow. He says we maximize happiness when we lose ourselves in an activity – playing music or sport say – when we are in control, and yet oblivious to our own ego.

Stumbling and Mumbling: Money, reputation and happiness.

Happiness is that thing that I yearn for and actually try to find. I haven’t but all good things take time. What am I trying to do to find happiness? Here are some:

-Trying out new thing. This includes hobbies etc. I am trying to skew towards activities that do.

-Connecting with people. Trying to interact with people and increase my circle of friends. This also include improving connections with my friends now.

-Connecting with your family. We tend to take our parent and siblings for granted. I try to smooth things over and try to maximize my time spent with my parents.

-Self Improvement. A most overused word but its overused for a reason you are never perfect. What you can be is a person that is totally comfortable with yourself! The best way (for me) to be comfortable with yourself is to face the harsh realities of life and your rough edges head on. This means being honest to yourself with the things taht are painful for you, the things that irk you, things that give you joy, the activities that gives you a lasting joy. The good thing about being honest to yourself is that when you do it often enough it becomes a habit thatbrings you closer

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