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From
WOM to www |
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How to
market your small biz online |
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FOR
years, small businesses have relied on the magic of WOM
(word of mouth) to attract customers. Yet, with young
Filipinos lately turning into entrepreneurs, too many
small companies are creating too much buzz that
customers now find it hard to tell apart the best from
the bluff.
Consider
these facts: Small and medium enterprises (SMEs) make up
99.4 percent of the Philippine business sector,
generating nearly 70 percent of the jobs available
locally and contributing more than 30 percent of the
country’s gross domestic product. Now consider the
clutter: Most SMEs spread the word
offline—advertisements, direct mail, flyers, calling
cards, booth displays in exhibits and conventions and
merchandising like T-shirts and bumper stickers.
“With
the onslaught of new competition and a tougher operating
environment, you can’t expect to compete as a small
business today without using an arsenal of marketing
tools,” says Jonas R. de los Reyes, e-commerce manager
of Yehey.com, one of the leading Filipino Internet
portals.
With
Internet usage growing annually by an average of 42
percent in the past five years, the World Wide Web now
brims with promises for the local papaya soap dealer,
the barako coffee supplier or the flower farmer who used
to merely ply their trade downtown and rely on satisfied
customers to get the word out that their businesses
exist.
Of the
SMEs that participated in a 2004 ACNielsen survey, 58
percent said they were able to grow their business
through their web sites, while 49 percent said they were
able to cut down costs with an online presence.
“Customers want to see you online for simple reasons: to
get pricing information, see samples of your work,
request more information, buy something from you or just
to see whether you have what they’re looking for,” says
de los Reyes. He adds that web sites can also level the
playing field as even the smallest business could
compete more effectively with larger companies.
Yehey!’s
e-commerce manager offers these tips to get SMEs noticed
online:
1.
K.I.S.S. even when you are online. Once potential customers open your web site, you have
only 5 to 8 seconds to convince them to keep on
clicking. Within that blip of time, they should have
already known from your brief, succinct and compelling
text and visuals what products or services you offer and
if it answers their potential needs.
Your home page should have the bare essentials. “You already
have their foot in the door when they searched for
something and they get to see your site. That’s not
already a ‘yes’ but a ‘maybe,’” de los Reyes says. “Get
to the point. Keep it simple.”
2.
After you K.I.S.S., engage. Once you successfully get your potential customer into the
door, show them the rest of the house and make them feel
at home. Get them to interact with your web site and
feed you more with information. When people visit your
web site and e-mail you, follow up immediately. Once
they feel welcomed and at ease with your site, get them
hooked so they will be frequent visitors.
3.
Be constantly present. This relationship is not the
absence-makes-the-heart-grow-fonder type. Your potential
customers already found out you exist; now you must
strive not to be relegated to the archives. Be highly
visible, whether online (e-mail marketing) or offline
(in-store, merchandising or advertising). Your site
should appear high on search engines’ results pages.
Yehey! helps you do this through its web directory and
through the assistance of its Google Authorized
Professionals who will show you how to promote your
business online through Google AdWords. This online
marketing tool is part of the package Yehey! offers to
customers of Kaban, its web and e-commerce solutions
arm.
4.
Don’t leave them on the altar, waiting.
So you got them engaged, hooked and raring to establish
a customer relationship with you online. Now it’s time
to pay. Nothing is more frustrating than getting them to
the altar of e-commerce and leaving them waiting for you
to e-mail them the pricing and shipping information. You
should have an online store that makes it easy for your
customers to place and order, send the payment and get
their goods.
One solution is through Yehey!’s Kaban Internet Payments (www.kaban.com.ph),
an online payment gateway system that enables SMEs to
accept customer payment through ATM, credit card or
electronic cash modes such as Globe G-Cash.
Using
Kaban is easy: an online buyer simply clicks on the
Kaban payment button on the web site, and instantly gets
redirected to the user-friendly Kaban web site
interfaced with the merchant template. After a secure
form is completed, a payment option is made and the
transaction is processed in no time.
Local
SMEs that have started using the Kaban payment gateway
system include computer shop Qube PC Technologies,
Medicard Philippines, Job1Global and OPM Radio.
Conference organizers such as the Philippine Marketing
Association, the Philippine Ad Congress and the
Management Association of the Philippines have also
started using Kaban for participants registering and
paying for conference fees online.
Yehey!
developed Kaban to meet the e-commerce needs of SMEs in
the country. Aside from being one of the top three
most-viewed Filipino sites, Yehey! is also being
positioned as an online marketing solutions company. |
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| OTHER STORIES |
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Tattoo
you |
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Last year
Justin Miloro had to wear long sleeves to conceal the Buddha
curling around his left forearm and the yellow-orange sun
rays on his right. Pants covered the depiction of Earth on
one leg and wings on the other. |
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read more |
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From WOM
to www |
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FOR
years, small businesses have relied on the magic of WOM
(word of mouth) to attract customers. Yet, with young
Filipinos lately turning into entrepreneurs, too many small
companies are creating too much buzz that customers now find
it hard to tell apart the best from the bluff. |
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read more |
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Winning:
AVOIDING THE REVERSE-HOSTAGE SYNDROME |
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Q: Why do
so many companies not address cross-cultural differences in
a merger until it’s too late? Karen Fenner, Camden,
New Jersey
A:
Because you can’t number-crunch culture. And financial
analysis is almost always where merger evaluations begin,
along with some level of strategic analysis. |
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read more |
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The
monarchical tradition |
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Thomas
Jefferson discontinued the practice of personally delivering
the president’s report to Congress that was inaugurated by
George Washington, the first president, on January 8, 1790,
in New York, the capital of the new nation until 1801. But
since the US Constitution required a president to report to
Congress, Jefferson wrote his message and had it read by a
clerk. |
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read more |
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The
future of San Miguel |
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‘We’ve done
preliminary studies, going so far as to hire an independent
adviser to shortlist for us attractive industries in which
we might choose to participate, industries like mining,
power, infrastructure, water, other utilities and property.’ |
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read more |
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Seeing
the World |
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We can
state, quite categorically, that we are living in very
demanding times. Our planet is under stress. Our country
confronts serious challenges. Our communities are in search
of real solutions to age-old problems. |
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read more |
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The
hidden good news about CEO dismissals |
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Worldwide,
boards of large corporations are dismissing four times more
CEOs today than in 1995, a trend that raises an important
question: Are boards undermining the chief executive’s
ability to lead for the long term? |
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read more |
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Overcoming resistance to change |
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There are a
few in every bunch: the naysayers, the predictors of
disaster, the ones who dig in their heels and fight you at
every turn. What would a change initiative be without them? |
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read more |
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From
Small to Big Screen |
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Jim
Libiran is not your regular commercial filmmaker and
screenwriter who has a standard formula for a box-office hit
and makes use of predictable plots and cliché lines. |
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read more |
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‘Just do
it’ |
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IMAGINE a
situation where killings and disappearances are taking
place. The victims form a distinct and disliked, though by
no means unpopular political grouping. In fact, they have
the most populist agenda of any other. |
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read more |
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Leadership that focuses on the customer–really |
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Many
executives and managers exhort their followers to make the
customer the center of everything they do. Yet for all the
passion and conviction of their words, genuine customer
focus remains theory rather than practice in their
organizations. |
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read more |
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Forward-Thinking Cultures |
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It’s hard to
manage any organization so that its long-term interests
aren’t sacrificed to short-term expedience. But there is an
added wrinkle for organizations whose operations are
globally dispersed: cultural orientation toward the future
varies widely the world over. |
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read more |
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Book
Keeper |
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The life of
National Book Store founder Socorro C. Ramos should serve as
an inspiration to the younger generation on how to hurdle
the numerous challenges thrown our way. Her success, not
just in business but in all aspects of life, stresses the
importance of focus, dedication, hard work, education and
other important values. |
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read more |
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It takes
a village to raise a child |
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Aldo, 5, did
not mean to trap his mother when he asked her if God made
everything, to which she answered, naturally, “Yes, He did.”
“Why did He
make the poor?” |
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read more |
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What is
your company’s ‘signature’ experience? |
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Your
company’s signature experience exemplifies what you do
especially well; it’s the odd or unique process that makes
your company stand out in people’s minds. Developing a
signature experience and communicating it to job candidates
can help you streamline your hiring process. It also helps
you build an unusually engaged, excited and committed work
force. |
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read more |
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Strategy: private equity’s long view |
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What can
the gods of private equity (PE) teach us about managing for
the long term? If you think that their lightning reflex,
do-what-it-takes approach has nothing to tell us about the
long haul, you’d be wrong. |
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read more |
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Wrapped
up |
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Having fun
and making money are two things that Rommel Juan can mix
quite easily. |
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read more |
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Winning:
China, India and US economic dominance |
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Q: You have
written about the reasons to invest in India and China, but
you haven’t said whether you think those countries pose a
threat to American hegemony in the world economy. Do they?
Sahara Chhabra,
Dallas |
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read more |
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China
Rising |
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HONOLULU—The rapid spread of product development and
research in high-technology industries toward the
Asia-Pacific Region is accelerating China’s rise as an
economic superpower. |
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read more |
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Why do
presidents lie? |
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TO
understand why presidents lie, following Herbert Spencer’s
advice, judgment must first be withheld, for above all men
(and women, to be gender-blind), they have different
desires, hopes, fears and restraints, although it is a truth
from experience that all presidents, no matter how saintly
(a wrong term to use on them in the first place), lie.
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read more |
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As
Capitalist As Ever |
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HONG
KONG—Tim Freshwater, Asia vice chairman of Goldman Sachs
Group Inc., gazes across the Hong Kong skyline from his
68th-floor window toward a rectangular building that houses
the barracks of China’s People’s Liberation Army (PLA). |
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read more |
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How to
Zap the Zombie |
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A company
finds great success with a product or service. Makes loads
of cash. Builds a seemingly strong brand. Settles in to a
satisfying position of dominance. A couple of years pass and
then, out of nowhere, a new player swoops in and gobbles up
most of the customers, leaving little but scraps for the
once dominant firm. |
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read more |
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GREED IS
BACK |
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Earlier this
year, someone was confident that Hydril Co.’s stock was due
to take flight—and very soon. During the two days ended on
Friday, February 9, investors purchased options conveying
the right, through February 16, to buy more than 160,000
Hydril shares for $90 apiece. |
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read more |
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What is
the color of gold? |
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I lost my
appetite for shark’s fin soup when I learned how the shark
was skinned alive and thrown back into the sea. But not
entirely, for it tastes good. Some of the good and precious
things in this world—including such wonders as the Pyramids
of Egypt and the
Hanging Gardens
of Babylon—have a cruel history. It seems that civilization
is built on blood for the most part. But time and the hunger
for precious, wondrous things blurs the history of the
process. |
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read more |
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Toward
An Independent, Fair And Fast Justice System |
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Adrian
Cristobal:
The Supreme Court has been in the news lately, principally
because in these perilous times, we think of the Supreme
Court as “the enemy of political persecution.” We tend to
think of the three branches of government—Executive, the
Judiciary and the Legislative—as contradictory to each
other. |
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read more |
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Real
Leaders Negotiate |
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Good leaders
are invariably effective negotiators. After all, authority
has its limits. Some of the people you lead are smarter,
more talented and, in some situations, more powerful than
you are. In addition, often you’re called to lead people
over whom you have no authority, such as members of
commissions, boards and other departments in your
organization. |
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read more |
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Set Up
To Fail: Economist Paul Ormerod on strategy and extinction |
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In his
recent book Why Most Things Fail, theoretical
economist Paul Ormerod argues that failure is the defining
characteristic of biological, social and economic systems.
But Ormerod, a former economic forecaster and now principal
of Volterra, the London-based consulting firm he cofounded,
doesn’t think that’s a bad thing. |
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read more |
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Tubbataha
dreaming |
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My
initiation to
Tubbataha
Reefs Natural Park
started with a back-roll, one day in May, into Jessie
Beazley Reef. The first sharks of the trip were close enough
to make out the white on their tips. Grey reef sharks were
on active patrol, too, and we spotted no less than three
pregnant sharks, bulging at their sides. |
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read more |
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The
ethics of revolution |
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THE death
of Elias achieves revolutionary significance the moment
society is recognized as a creator of victims in order to
execute them. Elias had been condemned even before he was
born, and it only remained for society to carry out the
death sentence. |
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read more |
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Down in
the Valley |
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SAN
JOSE—Silicon Valley, says San Jose/Silicon Valley Journal
editor Norman Bell, is more of a state of mind than a piece
of geography. |
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read more |
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3 habits
that hold leaders back–and how to overcome them |
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In my 10
years as a board member of the Peter Drucker Foundation, one
of the wisest things I heard him say was, “We spend a lot of
time teaching leaders what to do. |
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read more |
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Help
newly hired executives adapt quickly |
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The main
reason why newly hired outside executives have such an
abysmal failure rate (40 percent, according to one study) is
poor acculturation: They don’t adapt well to the new
company’s ways of doing things. In fact, some three-quarters
of 53 senior human-resources managers I surveyed cited poor
cultural fit as the driver for onboarding failures. |
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read more |
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Chip off
the old block |
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Developing a
good work ethic at a young age proved to be beneficial for
Intel Technology Philippines managing director Michael
Wentling. |
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read more |
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Help wanted:
HK banker
soaks Indian call centers in black humor |
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Shyam Mehra,
26, is a self-professed loser in New Delhi. When he dons a
telephone headset each night, though, he becomes Sam Marcy,
a polite troubleshooter for Americans angered by their home
appliances. |
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read more |
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Seeking a sea change |
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It
was—and still—is considered the country’s southern
backdoor, a way out for Filipinos caught in the grip of
poverty and conflict, and a way in for Filipinos wanting
to free themselves of that grip, through the power of
smuggled goods and smuggled ideologies. |
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read more |
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The rise
of confessional politics |
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THREE
centuries and a decade have changed America’s image of
itself, it seems. In 1797, under George Washington, John
Adams signed a treaty with Tripoli with the following
disclaimer: |
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read more |
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At Your
Service |
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ALTHOUGH
the Philippines’ tourism industry is now assessed by the
United Nations World Tourism Organization (UNWTO) as the
best-performing in Asia, the number of local manpower
shifting to work in the tourism industry abroad also
continues to rise. |
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read more |
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The Force
of the Weak |
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In times
when the exercise of power tends to exceed the limits laid
down by the law, and when the law itself is perceived to be
mangled by power, a people, cowed by power, finds its
liberty restored by the weakest branch of government: the
Judiciary, specifically the Supreme Court. |
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read more |
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