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    Speculation and gut feel

    I am elated that the President shared my position that it is the regional wage boards that should determine the proper increase in the salaries of labor in view of the present world economic trends.

    As I have stated in an earlier column, the cost of living in the country varies from region to region and from province to province and, consequently, the most reliable approach to stabilize the situation is to allow these boards to determine the most equitable adjustments based on the living conditions prevailing in each particular area.

    n n n

    Rumormongers, among whom are some media people, have been busy revamping the Cabinet.

    Is creating such a stir guaranteed to sell newspapers? But instead of providing information, they do a great disservice to the public by distracting the officials concerned and those who work under them from focusing on their jobs because of false information they peddle to the unsuspecting public.

    On Friday, for instance, a news item came out saying that Executive Secretary Ermita will be replaced by former congressman Butch Pichay. A few days ago Butch Pichay was also rumored to be the next Customs chief and that Finance Secretary Margarito Teves will be relieved to give way to Ralph Recto in the Finance department. Even this writer was “announced” to be replaced by Secretary Gilberto Teodoro Jr. because I was “ailing.” 

    So far, nakoryente lahat ang mga rumormongers!

    Speculation is gut feel, and gut feel is guesswork, and guesswork is not fact. I believe this is not the proper way to make news stories to feed an unsuspecting reading public. These are purely speculations designed to ignite interest, but it only succeeds in its disinformation.

    Instead of stabilizing the bureaucracy, it may cause demoralization instead. It is good that Malacañang promptly disavowed a Cabinet revamp in the offing. 

    n n n

    The anticipated food crisis may last longer than we think, and this is why it is important that the nation be properly alerted and informed lest we be caught napping. As they say, “To be forewarned is to be forearmed.”

    With our population about to reach 90 million, coupled with the global food situation, we should be happy that the President has given intense focus on local supply precautions, and that is why we are succeeding in preventing the crisis from escalating nationwide. Trabaho ng trabaho si Gloria, ang mga fence sitters naman, atake ng atake.

    Have a heart, or have a heart attack. 

    n n n

    We commiserate with former Justice secretary Nani Perez for his present predicament, but that is how the waves of fate go. Sometimes you’re up, sometimes you’re down. When you are up, your friends abound. When you’re down, you may encounter loneliness.

    Tennyson’s lines offer comforting words to Perez: “Be still, sad heart, never cease the pining…behind the clouds the sun is still shining…Some days may be dark and dreary. . . .”

    May I remind Nani Perez that this case may be his Calvary if he does not properly prepare for it. As of now I believe that public opinion is against him, notwithstanding the rule of presumption of innocence.

    n n n

    A news report indicated that Manila, or the Philippines for that matter, has one of the lowest rents in Asia based on the results of a survey.

    We should be thankful for this, but on the other hand, it is a news item that will give us pause. Why? According to people in the real-estate business, this is mainly due to the old equation of supply and demand, meaning that we have more units to offer than takers.

    More important, we still have not reached that stage where we are a prime destination for foreign investors whose managers, executives, advisers and consultants, together with their families, may opt to reside in the country and will need decent places to occupy.

    If we anchor our perceptions on the number of condominiums rising each year in the Metro and elsewhere, we can easily reassure ourselves that we are steadily moving up.

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    I am elated that the President shared my position that it is the regional wage boards that should determine the proper increase in the salaries of labor in view of the present world economic trends.

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