Financial markets are so fucked up right now

We’re just 1 centavo away from PHP 59:USD 1. Before this month ends, the forex will be PHP 60, which beat my brother’s estimate. The cost of powdered milk has jumped PHP 200+ for the pack that I usually buy. We import our milk from New Zealand or Australia because we don’t have enough cattle or rolling lands here for commercial-scale milk and beef production. This is bad for those with infants and toddlers who still need milk.

I was supposed to draw down one of my investments last month but I hesitated because I still didn’t have a full estimate for my house’s construction. Today I lost 50k (paper losses) for that specific investment just because I didn’t have the foresight to withdraw it then. I was being greedy as well, thinking that the markets may bounce back pre-3Q22 corporate financial earnings reports.

HOW F*CKING WRONG I WAS.

Now ECB President Christine Lagarde (*I met her when she was still the IMF Chief and visited the Philippines* 😉) just said that recession is imminent this winter in the eurozone. UK tax cuts would only aggravate the situation and we would be bouncing to a global recession by next year. Actually, we should be in recession now since consumers had been closing their wallets for while now due to the incessant quickening of inflation.

The typhoon also flattened the food basket of Luzon. It’s rice harvesting season now but the typhoon destroyed all rice farms in its path. Prices of local and imported (as declared by the rice cartel of Thailand and Vietnam) will further climb.

AND YET…

Marcos just tweeted and posted on FB how “successful” his NY visit was. Their inept social media machinery showed spliced videos and photos of his speech before the UNGA to show there was an audience. But the truth photos shot by professional photographers showed that delegates walked out on Marcos.

His US trip didn’t gain any investment pledge. But he watched an Eric Clapton concert and went shopping while the rest of the country is being battered by Typhoon Karding. Rescuers in Bulacan died doing their duty.

He made this government trip a family affair because this is the first time his family can step on US soil because they were banned for decades because of their numerous crimes and convictions. But because of US law that states that this ban does not extend to head of states. 😤

Everyone else in the world are asking us why did the Marcoses come back? The Germans said they could not even imagine having Hitler back so how come Filipinos allow it?

BECAUSE WE ARE STUPID, DRUNK THE FACEBOOK KOOL-AID.

Ghad, I could punch every person who voted for this brainless BabyM. He’s as incoherent as Duterte, but in English. If there was an Asian version of a dumb blonde, he could be the perfect representative.

I keep on telling myself not to open my Twitter and yet I couldn’t help it because I needed to check the tweets from the financial markets in the US, UK, and eurozone. Today was no better.

This after scrolling through Twitter this morning.

The Marcos trolls and the Sara Duterte trolls (they’re different breeds) are doubly offensive today, trying to cover the incompetence of both officials in light of this latest calamity.

It’s so tiring. I mean, this is the reason we can’t have nice things here in the Philippines. The great unwashed and the equally morally corrupt upper class keep voting for these monsters because they have no regard for others.

I’m tired.

Ang hirap mo mahalin, Pilipinas! Kelan kaya kita maiiwan para maka-usad na ako sa buhay ko? Sana lumaki na lang ako na walang pakialam para hindi ganito kabigat ang dibdib ko araw-araw na nilulustay ka ng mga kawatan.

Your guess is as good as mine

Yes, I did say I didn’t want to post anything political or anything to do with current events but of course I couldn’t help it.

Who else could it be??? Like as if any Korean presidential candidate would be as brash as this… Or I could be wrong 🙄 But then the most obvious candidate is…TADAAAAAAAAAAAAAHHHH!

Your guess is as good as mine.

Meanwhile….

The top rice importers in the world 1) China; 2) PHILIPPINES

And hellooooooo! Who is the concurrent agriculture secretary? The president who could not even make head nor tail of the economy and government.

👏👏👏👏👏👏👏👏👏👏

Bravo! Bravo!

And this government cut the budget for health; we no longer have budget for Covid vaccines and support for cancer patients. All went to the confidential funds of the Department of Education Secretary, who is the Vice President, and should not have confidential funds because what does she need “intel” funds for as education secretary? Then the office of the president has billions in unwarranted “confidential funds” that can be disbursed without state auditing.

👏👏👏👏👏👏👏👏👏👏👏👏👏

*Sigh* I shouldn’t have clicked on Twitter. 🙄


My desk on Friday night chaos. Photo by CallMeCreation.com

Been busy emailing people for meetings in Singapore in November so I can have my trip approved by London. Kinda stupid that I had to justify my trip to my own office. As if I’m there to have a holiday. 🙄 Good thing the people I reached out to were very willing to meet me and have already ordered their secretaries to send me an email invite to table the meetings.

I need to book my hotel and flights next week since the rates are already going up.

Because I was attending to these things, I wasn’t able to get off my table and to start walking again at 4pm. I opted to have indoor workout, which I’m not really a fan of. The usual core exercises and dumbbell workouts. Then stretches.

After planking.

I can’t NOT have exercise these days because I love home cooking. Just look at this!

Instant Pot 45 min kare-kare swimming in peanut sauce. Photo by CallMeCreation.com

Fall-off-the-bone beef kare-kare in 45 minutes. This is part if the xxx number of kilos of beef I bought from my hometown. It’s cartilaginous but it just melted. The peanut sauce became peanut soup since it is pressure cooked, no steam escaped/no evaporation, hence, the sauce remained watery instead of transforming into a gooey sauce. I remedied this by plopping more Reese peanut butter…ah well. Lesson learned. But the kare-kare is excellent. *Chef’s kiss* 👌😘

And to cap off the weekend, here is 12-year-old Yoyoka, wowing me again with her wicked drumming skills in 1970s classic heavy rock. She’s just one year older than my girls and yet her mastery of the instrument is that of a 45-year-old professional drummer.

I’m glad that heavy rock is still alive and kicking in Japan and has not been swallowed up by Kpop/Jpop. Japan has always produced very skilled guitarists and bassists, especially women bassists, like Madoon who complements Yoyoka here.

Monoral was in heavy rotation in my iPod a decade ago.

Speaking of bassist, the best bassist for me is Billy Sheehan >>> he’s a big part why I loved Mr. Big. He could make the instrument really sing and compete with the lead guitars in terms of melodies. And with Yoyoka’s drumming, it was ear candy.

My kids are starting to appreciate some of my music now that they started listening to Up Dharma Down and Radiohead. We’re on Spotify family plan so they have started to discover music on their own. However, I don’t think they’re ready for nu metal like Korn and P.O.D. but they have an entire lifetime of listening to discover those.

Oh Up Dharma Down…smooth jazz fusion music on a Friday night. I miss them and there’s a huge void when they disbanded. I’ve only seen them live once 😥 but Armi Millare is still there creating beautiful music and she provided me with the most poignant soundtrack of my life.

Cronyism Part 2

This is the reward for cozying up with despots like Duterte and criminal families like the Marcoses. Manuel Villar acquired the franchise of ABS-CBN (after the latter was stripped off it by the demon Duterte) in a midnight deal with the National Telecommunications Commission (NTC) that surprised us all.

The bastards.

Meanwhile, ABS-CBN and PLDT had to call off the x-deal between them (PLDT’s acquisition of a stake in SkyCable and in return ABS-CBN gets to acquire TV5) because of political pressure from the House of Representatives.

This is to make sure there would be no opposition media.

I never thought I would live to see such things happening again.

I was set to attend Center for Media Freedom and Responsibility (CMFR)’s meeting with journalists about “what next?” and how we can maneuver in these dangerous times. However, I was too busy that I forgot about it 😶 Geez.


On the brighter side of life, I was able to cook a dish in my Instant Pot this morning. Chicken curry (using an Ottogi curry mix) for 5 mins only in the Instant Pot. Five minutes. Perfect for very busy homemakers.

Chicken curry on rice. Photo by CallMeCreation.com

The potatoes and carrots were soft and easy to eat, as is the chicken. It was lovely to have lunch within minutes of putting all the ingredients.

I’ll just have to check my power consumption since this gadget consumes 1000 watts of power. 🥴🥴🥴


Finally issued a manager’s check to my contractor for the 50% down payment through my mom this morning. Construction materials will be arriving tomorrow and I’m scared and at the same time excited that this is finally happening.

I’m scared because I will be going back home and I’m afraid of shrinking my world again. My hometown is like a nice cocoon that is very comfortable that will also stifle my personal growth.

While I was walking from my apartment to UP yesterday, I felt melancholic that I would soon be leaving the scenes I had been seeing for the last 20 years or so of living here in QC. I felt a tug in my heart when I watched the sunset and the colors that painted the sky. I will be leaving the memories of walking there in the evenings holding hands with someone, as well as the heartaches I had whenever I remembered those times while I was already walking alone. I will be leaving the pain that tore through me when I biked or walked around the campus when I was trying to recover my lost self.

Biking along University Avenue, UP DIliman. Photo by CallMeCreation.com

UP Diliman was home to me, a substitute for my hometown, minus my nosy family. I started graduate school there in 2003 and it has always been my go-to place when I wanted some comfort. It was where I brought my girls when they were still babies until now, to spend the weekend running around the grassy fields because we don’t have enough open spaces here in the city.

I will miss the convenience of having two grocery stores within 100m-200m away from my house and the many restaurants/food kiosks that dot the village. I will miss having Grab delivery just within minutes of me. Lazada and Shopee deliveries are easy because the QC hub is probably just near here.

Suddenly I have an epiphany…

I’m sad because I will be exchanging my freedom for convenience of having family nearby so my girls will grow up in a village, with a male role model (my brother), with cousins, grandma and aunties. They will help keep an eye on them while I’m away. I’m scared that I will be forfeiting a chance to have someone new in my life because my family is nosy.

I’m exchanging my personal growth for what is best for my girls.

Because it’s no longer about me. I want them to have the best childhood and teenage years I could offer them with my meager resources. I want them to have the best education I could afford and manage.

So children, if you’re already reading this when I’m already dead, I hope you realize now that I gave up my life and personal growth for you so you can have the best.

In the open field near UP MassComm. Photo by CallMeCreation.com

Cronyism

Ah, Megawide has de-risked itself because it plays fair; because of that it is now being eased out of the dirty, regulated infrastructure business of the Philippines. And the best entity to sell to is a Marcos crony—Aboitiz. Group CEO Sabin Aboitiz is super chummy with Marcos Jr so I wouldn’t be surprised if he comes out as the “next Dennis Uy”, the favorite businessman of a sitting president. During Duterte’s reign, Uy was like Pacman, gobbling everything in is his path. Government contracts were his for the taking. Now he is being chased by creditors and is set to sell most of his assets because NONE of the promised support from China pushed through. His telco, DITO Telecommunity, is looking for a buyer for Uy’s stake. The problem is, no one wants to sleep with China Telecom, Uy’s JV partner.

I can’t write such things as straightforward as this but I try my best to inject some of these insights in my stories—but I know I’m pushing the envelope. I take that risk because the investing community should be aware of the political dynamics we have here. That’s a service that cannot be quantified by our CRM but is valuable to our readers, as I was told by some of them.


It has been raining nonstop even in the absence of a typhoon. I feel I’m ballooning again so I need to walk tomorrow or something. I need to be back in shape for a marathon networking in Singapore in November. The big bosses will be flying down from London. And oh, I must bring an evening dress (*OMG I need one that fits me) because there would be an awards night for ***.

Speaking of work, my most senior but least productive reporter told me he would like to step back and have a different arrangement, like a per-article basis freelancer status because he acknowledged that he could not meet his quota.

Now this poses a big problem for me because since top management is NOT prioritizing hiring of new reporters or editors (only a senior North America editor), losing one headcount means it would not replaced. I lose it, then I lose it. As it is, competition in the region is heating up. Other news organizations are finally catching on and realized my niche is lucrative so they’re building up their own team dedicated for this niche.

I cannot lose more people.

I was having back-to-back calls today with my seniors to solve this conundrum. I also need to arrange to have my team fly to Singapore in the first week of December for a year-end training that I would be conducting. 🥴

Because I was preoccupied with admin concerns, I wasn’t able to write again my stories that have been pushed back a couple of weeks and months now. I also need to see a doctor for my left knee that has been hurting now. I don’t know if this is an old football injury that I aggravated during my walks in my hometown the a few weeks ago. I also need to bring Twin I to a pediatrician for her nosebleeds. They’re getting worse now.

How to shoehorn these doctor visits in between all these work pressures? I need to attend a conference tomorrow or on Thursday and I have a lunch meeting with some bankers and another set of bankers in the evening on Friday.

Oh geez and I need to book that resort in Batangas for that beach holiday at the end of the month.

Wait, I still need to follow up my travel arrangements and visa application for Korea.

I need to breathe.

What have I been doing? I don’t know, I haven’t been keeping track. I’m having a hard time finding mental space for all the important things to do. I only have two hands and finite amount of brain cells to balance being a manager for Southeast Asia (which is a lot of work), being a specialized journalist, a mother, and a future homeowner who needs to build her home, and at the same time I must take care of myself if I want to live beyond the age of 42.

I think I’m getting overwhelmed.

I want to scream.

man near carton boxes with many different words about stress
Photo by SHVETS production on Pexels.com

BREATHE. Stop and smell the roses.

Maybe I should cancel that Korea trip. Maybe I just take a week off in October and just go to Palawan to go island-hoping and dive for a week and burn to a crisp.

Yes, I think I should do that.

I don’t think that Korea trip with my friends is that compelling anyway. They’re planning to go to Busan when I haven’t even explored Seoul. 😶 Maybe I’ll just do that next year when it’s less hectic.

Oh.

I would be moving houses next year. In May.

Let me see…

Damn it. Breathe.

Kidnappings and organ harvesting come closer to home

This was sent to me by my older sister as she warned us siblings about two recent attempted abduction cases in our small hometown. And to think I had allowed Twin A this weekend to walk alone to buy something just outside the campus.

The case above is one abduction attempt near the university campus.

This is the recent video of the interview with the victim, she was relating to the barangay officials how she avoided being forced into a white van.

This other one was yesterday:

This one is just today.

Before the pandemic, there was a spate of reports about white vans abducting children and these were linked to rape/organ harvesting. This can just be urban legends but there were reports of children’s corpses found along creeks without major organs.

According to the grapevine the kidnapped children/harvested organs are flown to China, given that the amount of money rich parents pay to save their only child (as a result of one-child policy before they loosened it) is astronomical. Although this has not been established yet, there are anecdotal evidence of organ harvesting happening in provinces before Covid.

The Philippines has an international reputation as one of the global hotspots for organ trafficking. In 2007, it was named as one of the organ-exporting countries in the World Health Organisation’s (WHO) report, along with India, Pakistan, China, Egypt and Colombia.

Channel News Asia: Kidney for sale: Inside Philippines’ illegal organ trade

Similar reports were published in Latin America, with adults being kidnapped and organs harvested. The United Nations has been after this grisly crime, but these reports are largely ignored as they are relegated to urban legend status.

Philippine Senate has investigated the alarming rate of child kidnappings related to organ harvesting but it has gone nowhere. It only died down a bit because of Covid but now they’re back.

I had been keeping my old phone and a basic smart phone in my drawer to give my girls after they take the entrance exams. But because of these alarming reports, I immediately gave the phones to the girls today so I can track them down (through a geo-location app) and have a means to call them, especially when I’m away. Well, that was the main reason why I was set to give them phones: they would soon be junior high schoolers and they would be commuting to school on their own. I’d rather have peace of mind that the girls have some kind of protection and I can monitor them than worry about the negative effects of mobile phones. They are already more mature now—a far cry from what they were when J met them in 2018. They are more responsible now and are easier to discipline. Without prodding from me, they had been doing study groups with their friends remotely and I can hear/watch them during some of their study sessions.

They also had been working hard on their review school.

I think it’s time that they can be given phones so I can call them every now and then. Or they can call me if something was amiss.

I will also buy them pepper sprays, stun guns, and whistles (as a high school classmate suggested) that they should always bring in their bags or pockets.


Meanwhile, it’s traditional for mainstream media to report about the problems of public school education every time the school year starts. I had produced special reports about these when I was still working for a newspaper. But I went beyond the usual classroom shortage and ill-equipped teachers. I focused on indigenous people and the lack of support from the national government and the malnutrition among Filipino school children. I also reported about the high worm infestation among school children in the Philippines and my research brought me to UNDP to talk/write about this.

I reported such things not to antagonize the Department of Education but to shed light on a systemic problem.

These journalists who shined on the misguided focus of Sara Duterte (bringing back ROTC instead of addressing the lack of facilities and learning resources, really???) are now getting attacked. It prompted me to defend them on Twitter.

Being a journalist in this country in the time of Duterte and Marcos is really a dangerous job. Not only security-wise but also our mental health hangs on a balance. Our jobs require us to be active on social media but then being on social media kills us softly.

And here we go again:

Marcos and his cronies are really out there to kill ABS-CBN.

It’s so stressful today. I wish I could just shut out the world and not read news but that’s impossible because I’m in the business of news production and I always have to be on top of all important news not only in the Philippines, but also in Asia. Like we have upcoming national elections in Malaysia while Softbank is set to exit Alibaba. I start the day reading general and business news (I have two subscriptions) and checking Twitter for breaking news.

By 12 noon I’m already a mass of nerves.

Thank goodness for my comical cats.

I’m about to check out from Lazada/Shopee some pepper sprays, stun guns, whistles, mechanical keyboards, and key caps 😂

I QUIT

I will quit caring about this job. I think I’m burning out.

Today was a shitty day. I don’t have the strength to write about it. It’s just…😡

I’ll just tune out after six. That’s it. I’ve been pushing myself too far and hard the past few months. I shouldn’t. Even if I’m out there to prove something, what will it bring me? Nothing. I don’t get gold coins for being extra.

So that’s it. I log on in the morning, do my job, then log off at 6 pm.


Screen cap from Nikkei Asia, article written by a friend.

This is laughable. It has become a “blockbuster hit” because Imee Marcos bought all the tickets and gave them away to schools and government agencies.

Damn.

“It’s clear that they were trying to evoke sympathy, that we were supposed to feel sorry for them,” said Miguel Reyes, a University of the Philippines researcher who has studied the Marcos regime and the family…

…The film’s release comes just a month before the country marks the 50th anniversary of the declaration of Marcos’ martial law next month, which will likely put the old regime’s brutal legacy in focus.

All the more we need to educate the public about the crimes the Marcoses committed and brought the country down on its knees.

My children are better than most of the adults in this country. They had been researching on their own about the Manila Film Center tragedy, Archimedes Trajano, and Boyet and Primitivo Mijares. They did it without prodding from me. They did it on their own volition; they were curious why I am so against the Marcoses. They were watching video clips. These are just some of the thousands of stories that are out there to tell the truth about this family.

This crappy movie was just bizarre.


To continue with today’s theme—shit—here we have a story about sewerage woes in UK beaches.

This is the reason I never went back to Boracay. My last trip there was in 2009 and that trip wasn’t enjoyable because of this above ⬆. People who go there to see and be seen don’t realize they are swimming in their own crap. My mom (who is an expert on this) said the mere presence of algal bloom on the shores of Boracay every summer is indicative of the high nutrient content (i.e. sewerage). This is the same reason she never went back.

For an underwater enthusiast like me, there are much better alternatives to Boracay. However, people flock there to see and be seen. To party. To have sex (in the case of my gay friend K). To be able to say, yeah, we are in Boracay, like it was a badge of honor.

No thank you. I don’t want to swim in sewerage water.

I was tempted by my friend B to stay with her last summer because of the kite surfing part. But naahhhh. I was better off diving in Anilao.

To cap off this day, here’s some reality check:

And all I can say is when you’re 40, you no longer give a crap and you dig an underground lair for yourself and be content like a mole.

Lovely.