Noynoy Aquino Leads Presidential Survey

A PR firm called "The Center" is trying, probably, to deceived the public of who leads the Presidential Elections in the Philippines. Based on a credible survey by the SWS, Noynoy Aquino is on the lead.

A special national survey sponsored by Puerto Princesa City Mayor Edward Hagedorn was conducted by SWS on November 4-8, 2009.

The survey used face-to-face interviews of 1,200 registered voters divided into random samples of 300 each in Metro Manila, the Balance of Luzon, Visayas, and Mindanao (sampling error margins of ±3% for national percentages and ±6% for area percentages).

The Commission on Elections’ latest counts of Registered Voters, by region and area, as of November 2009, were used to weight regional estimates to obtain area estimates, and to weight area estimates to obtain national estimates.

http://www.sws.org.ph/

Woods, Martial Law and Bonds

President Arroyo lifted martial law in Maguindanao. Her move saves the House of Representatives from deciding if Proclamation 1959 should be revoked or extended amid a resolution passed by the majority of senators who considered the presidential order unconstitutional.

It was unconstitutional, and the Supreme Court, unless it was prepared to be degraded in the eyes of the Filipino people, would have declared it so.

So, to preempt anymore loss of face both from the Senate and the Supreme Court (the Lower House-Congress would have approve it being a rubber stamp of GMA)- the Martial Law was lifted, hehehe.

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Tiger Woods. A car hydrant-bump to worldwide scandal, that potentially will cost in the hundreds of millions of dollars and the joy of millions around the world watching him play golf.

Please take that driving easy next time. On the second thought, things always happens - mostly- for a good reason. Maybe it was about time that "things" get exposed for the good of everyone involve.

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Bonds.

Basically bond prices: When interest rates rise, bond prices fall and bond yields rise; when rates fall, bond prices rise, and bond yields drop.

It should happen like this.

But, what do you see in the US market?


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The Italian Prime Minister Silvio Berlusconi is hospitalised after an attack in Milan. Here is the video:

Dubai Debt Crisis

What's my take?

Well.. what is yours?

I have been to Dubai and Fujairah a few years ago. Apart from that, I have seen a lot of photos on the internet. Dubai is the in "grove", whatever that means, lolz.

I have seen the buildings, the tallest building in construction, the Burj Al Arab, the reclaimed palm shape islands, the huge malls etc. They say it is for tourism, real state business, and that many investors are coming in to buy condos, to put up businesses etc.. They want to make Dubai the financial capital of the middle east which it is, IMO.

However, my impression of the construction BOOM is an EXCESS of too much of everything. And it is not, I say NOT, anchored on real economic engines like China's or India's.

I felt, a few years ago, that something was wrong about it - but I just can't pin point which and what was wrong. The PR and media blitz blinded so many. For one, the native population is too small that each native can probably own several dozens of condo units....what with the frenzy of building something and anything here or there - a few months ago. As if money spent all over was bottomless, lolz.

EXCESS.

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IMO, the problem would persist for years...if not decades to come... so?

I am out!

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Some notes from different sources:

Global financial markets were recently rattled by news that Dubai’s main investment arm, Dubai World, was seeking at least a six-month delay on repaying its $60 billion in debt.

Dubai's ruler says the emirate's economy is "strong and solid," despite a financial meltdown in the former Arab boomtown. Sheik Mohammed bin Rashid Al Maktoum says the world does not understand Dubai's announcement on restructuring the emirate's deeply indebted conglomerate, Dubai World. The debt crisis dragged down the main stock markets in the UAE for a second day on Tuesday, and caused other markets in the Gulf to plummet.

Fear of huge losses among Dubai lenders and the risk of default contagion to other countries sent global markets tumbling last week. Gulf bourses have also been hit this week, with the Dubai Financial Market sliding 5.6 per cent yesterday. Abu Dhabi’s stock exchange closed down 3.6 per cent, Qatar was off 8.3 per cent and Kuwait 2.7 per cent.