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Black Swan President

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For several years up to the 16th century, a black swan was considered impossibility. Why? Because all previous records showed they had white feathers. Things changed, however, in 1697 when Dutch explorers became the first Europeans to discover black swans in Western Australia.

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If President Obama considers President Duterte’s language “colorful”, the former should listen to Bangko Sentral Governor Amando M. Tetangco, Jr.

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The bad news is the peso has considerably weakened in recent days. As of September 29, the peso was trading in the neighborhood of P48 46 to the dollar. This means we now have to pay more for our imports. With the rise in cost of imported crude, we can expect an equivalent increase in our electric bills in the near term. The Philippines will also have to pay more for our maturing dollar obligations

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“Whenever I go out, I always ask about new business trends. I look for business models which can be done at home. I bring home lots and lots of materials to read. Right now, I am looking into energy.”

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What a (tax) relief!

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At long last, I have been “cleared” of a P3.7 million realty tax liability which I supposedly owe Makati City. I wrote about it in a previous column.

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Years ago, when I was still OIC mayor of Muntinlupa, I initially used to take for granted the efforts of an elderly councilor who was known for religiously going to funeral wakes. Day in and night out, he would spend time visiting with the bereaved families.

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