Reality Check


06-11-2005, 05:32 PM

From Jakarta Post:

On the eve of the observance of the 107th anniversary of the proclamation of Philippine independence, there seems to be little to celebrate, if you go by all the bad news bannered by the newspapers and blared by the other media.

There is a persistent threat of a coup, corruption is rampant, the unemployment rate is over ten percent, the inflation rate is transfixed at a six-year high, the economy as a whole is slowing down because of high oil prices, the fiscal deficit is huge and the national debt is hefty.

To read the rest, click here. (http://www.thejakartapost.c om/detaileditorial.asp? fileid=20050611.F06&irec=5)

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