Sunday, November 20, 2011
Giving Islam A Bad Name
Saturday, November 19, 2011
Aquino vs. Arroyo: It's personal
Both camps – the Arroyos and President Benigno S. Aquino III – have only themselves to blame.
Arroyo, bearing a Supreme Court order to allow her to leave to seek medical treatment for a reputed rare bone disease, arrived with her husband Jose Miguel Arroyo to board a flight to Singapore. However, immigration authorities stopped them on orders from Aquino and the Justice Department.
That sets up a confrontation with the Supreme Court, the majority of which she had appointed, issued the order allowing her to seek treatment in any of five countries that do not have extradition treaties with Manila.
Legally, there is nothing that would and should bar the besieged former president from leaving the country in the absence of a proper court order. In fact, Aquino’s Justice Secretary, Leila de Lima said that authorities can’t arrest the Arroyos because no charges have been filed against them. There is an executive order, ironically issued by the former president herself, however, that places a person under a watch list and whose flight outside the country may be stopped by immigration officials. It is an executive edict that is now being questioned before the highest court of the land by the Arroyos.
The Aquino government believes it has a case against the former president and is morally obliged to perform its duty of preventing a potential fugitive from justice from leaving the country. As it now appears, the Aquino government is taking the risk of being cited in direct contempt by the Supreme Court for what the current president believes is his moral obligation.
Longtime personal feud
The NAIA standoff however is not just mere legal and political issues between two of the country’s powerful political clans, it also has personal undertones to it.
During several attempts to impeach President Gloria Macapagal Arroyo when she was still the president, the Aquinos – at least the Cojuangco side of the president’s family – were among the leaders of the movement that sought her resignation. President Noynoy Aquino’s late mother Corazon, also a former president, went to great lengths to apologize to former President Joseph Estrada for joining the protest movement that led to his ouster. Corazon Aquino played a major role in the installation of Arroyo as president of the republic in the aftermath of Estrada’s impeachment.
Ironically, it is Corazon Aquino, and to some extent her son, who also were among the first to drop Arroyo as an ally and call for her resignation due to corruption and widespread electoral fraud in 2004. It is a falling out that left Arroyo enraged. Under her watch, the vast Hacienda Luisita property of the Cojuangcos was declared subject to the coverage of the land reform program.
Aquino in turn has not got over the fact that the Arroyos pulled all the plugs during the 2010 presidential elections in which the current president won convincingly on an anti-corruption platform.
Both the former and current presidents share the same place in the history of Philippine politics. They are the only presidents whose parents also served as presidents of this oldest republic in Southeast Asia. They practically share the same origin, having roots in central Luzon. Their parents were stalwarts of the Liberal Party, one of the oldest political parties of the country. They are also among the old rich families in the Philippines. Read more.
Wednesday, November 16, 2011
Home Is Hell For DSK
Two months after returning to France, and six months after the former International Monetary Fund chief was first accused of sexually assaulting a hotel maid in Manhattan, salacious new tattle has made life miserable for the man who not long ago thought he would be France’s president. Ensnared in a tentacular prostitution scandal—the so-called Carlton affair, which pundits believe has killed his last distant hope for a return to public life—Strauss-Kahn is floundering as he fights to clear his name. On Monday, he and his wife, the former TV journalist and art heiress Anne Sinclair, added a media lawyer to their legal team and issued a broad threat to sue over gossipmongers’ “most detestable voyeurism” after rumors swirled through the weekend suggesting the couple might divorce. But DSK’s real foe is bigger than idle curiosity. Instead, the battle is against no less than his compatriots’ hunger for a grand collective catharsis.
The headlines are pitiful. “DSK, an Isolated Man,” read the front page of the popular French daily Le Parisien on Monday over a photo of Strauss-Kahn alone in a parking lot, with tousled white hair, open shirt, lazy eye, and grizzled beard. “DSK ‘Sick’: ‘A Broken Man’ on the Verge of Divorce,” declared France-Soir, another daily. The articles linger on the plight of DSK, stuck in his luxury apartment on the posh Place des Vosges. They cite anonymous friends who say he plays a bit of chess, escapes into math equations, cannot bear to watch TV, bites his nails down to the bleeding quick. “He used to take two days to answer a text message, now he responds within the minute,” an anonymous relation told the Journal du Dimanche. Hardly anyone visits anymore, the reports declare, and DSK rarely goes out, fearing the “frequent” insults from strangers. “DSK suddenly seems no more than a lonely old man,” Le Figarochimed in this weekend, in a piece singled out for legal action by the couple’s lawyers on Tuesday, titled “Anne Sinclair’s Profound Distress,” which suggested divorce was possible for the couple, married 20 years this month, after the latest embarrassing developments in the Carlton affair.Read more.
Tuesday, November 15, 2011
Doggoned MP Bung Mokhtar, MAS Is Not Worth Crying For
Can he interpret a "Balance Sheet" or read and make sense of "P&L" account statement, or understand what "PE" ratio is, or what is meant when a company is "highly geared" ? Has he any idea what is quick ratio/acid test or what are the negative aspects of "LBO" and what "insider trading" are?
Just because some smart sounding alecs and clueless opposition leaders and equally clueless bloggers criticised the share swap between the two companies, politically motivated and out of envy rather than concerned for financial probity.
Envy, because that Indian(Sri Lankan, if you wish, a good Ceylonese friend of mine refused to be called Indian, preferring to be called Jaffnese, which he thinks is more exotic) wiz-kid can do what they can't even dream of, let alone doing it.
Bung Mokhtar's grandstanding here.
Business is not run on emotion or sentiment, it's fuelled by money, the more the merrier.
When it was wholly owned by the government the accounts were never published publicly, so we have no way to gauge its performance then, keeping the people in the dark and it was taxpayer's money that kept it going.
We only come to know the state of its health and the incompetence of its management after it went public. The government should wash its hand off this sick baby, either privatise the airline or close it down and let free enterprise takes over the airline business in this country.
While other airlines reduced fares to get bigger business volume, MAS is only interested in maintaining its "haute couture" image, which it can hardly afford.The only way it can survive is to sack half the workforce. Tony Fernandez and the new board should do just that.
I booked for my family of 4 adults and 2 children lowest fare of no less a premier and much superior airline than MAS on exactly the same dates.The difference is shocking.
MAS fares are an airline death wish.
All the other airlines fares are pretty close, which means, they understand competition, while MAS is still sitting on its laurel waiting for Santa Claus to save the airline.
He should repeat what he said outside Parliament.