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Irony 1: The Cycle of Unemployment

Saturday, June 23rd, 2007

The economists say the labor market is characterized by job surplus (or conversely undersupply of talent). Note the use of the word ‘talent’ and not the word ‘labor’. Most fresh graduates, the companies argue, are underqualified. They simply do not have the skills to perform the duties a job would require. Fair enough. But this […]

Tax-free for free

Thursday, June 21st, 2007

I was in queue at the Espana branch of Security Bank yesterday noon, minding my own business for the most part, when I noticed the large tarp advertising the bank’s *totally tax-free* time deposits at an assured rate of return of 4.5% (or so) for a minumum deposit of 25,000php withdrawable after five years. 4.5% […]

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