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What are Unsafe and Unsound practices of banks?

Banks have been the perennial option for Filipinos as regards keeping their money. Aside from the fact that deposits are liquid — meaning you can go to a bank anytime during banking hours to request a withdrawal — there is also a sense of guarantee because deposits up to P500,000 are insured by the Philippine Deposit Insurance Corporation (PDIC).

But now that we’re seeing rural banks fail one by one, we wonder: Is our money really safe in banks?

Guide for Legacy depositors: How to claim money from PDIC

The Philippine Deposit Insurance Corporation (PDIC) is now processing the claims of depositors of the following Legacy rural banks with deposit balance of P100,000 and below.

Please refer to the following for a guide on how to get your money back.

Politician-scammer: Mayor Celso de los Angeles of Legacy Group

Legacy Group owner Celso de los Angeles is, without a doubt, a cunning but wise businessman. Just last week, he proposed to end the “hardships” of investors of his failed “double your money” schemes by announcing that the company will file for insolvency so its assets can be divided among them.

Legacy: Celso delos Angeles According to De los Angeles, “instead of clients fighting over the company’s assets, it would be better to surrender all of our assets to court.” The court will then supposedly appoint a receiver who will liquidate all of Legacy’s assets and properties, the proceeds of which will be divided equitably among creditors and investors.

Wow, what a sweet and kind gesture from Mr. de los Angeles.

Salaries of work-at-home jobs in the US

Out of more than 154 million Americans who are working, 14 million of them are telecommuting — that is, working at home — according to this Yahoo! article.

That’s almost 10% of the labor force already — a high figure — and given further advancements in technology, people’s preference to stay and work at home, and company’s desire to save on costs, this number is still expected to rise.

So what stay-at-home jobs are lucrative? Here are seven of them.

'Calvin and Hobbes' funny comic strip on gov't bailouts

Earlier today the US Treasury Department announced the latest government’s economic stimulus package and bailout plan. However, instead of reviving confidence in financial markets, the move caused US stock markets to fall again.
The Dow Jones industrial average (DJIA), for instance, plummeted 4.62% to close at 7,888.88. It was the biggest drop for the Dow since December 1, when the blue chips fell 680 points, or 7.7%.
The Standard & Poor’s 500 index fell 4.91% to 827.16 while the NASDAQ fell 66.83 points or 4.20% to 1,524.73.
Interestingly, this public reaction is no different from a story in a Calvin and Hobbes comic strip published several years ago. Here’s a copy of that cartoon.

Top 50 Philippine blogs in 4Q 2008

Our last ranking of top Filipino blogs based on Alexa rank was made in August, third quarter of 2008. After that post, we decided not to monitor the ranking of blogs every month because we didn’t think it would provide a lot of value. Instead, we opted to simply track the Alexa ranking of Filipino blogs every quarter.

And so we bring you the listing of the Top 50 Philippine Blogs in the 4th Quarter of 2008 based on their 3-month Alexa rank.

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