Only read this now… but it looks like a great list…

I was watching the busy intersection of R. Magsaysay and Bangoy in downtown Uyanguren when all traffic came to a halt because a passenger jeepney suddenly broke down jamming the intersection…

You know what the TMG (Traffic Management Group) cop did?… he helped the driver push the jeepney out of the intersection… then he went back to work directing traffic.

You might find it funny why I find this amusing… but if you were in Manila… the cop would have taken your license and charged you with obstruction of traffic… of course that was because he wanted to earn a meal out of you… never give anybody a chance… I guess that’s their motto…

ahhh, I love this town… the cops here sure are friendly…

This could mean a lot to us 3rd would countries…. 50% of the Philippine budget goes to debt servicing (Last time I heard I think it was 68%, not sure)… pretty soon as the deficit get’s badder and badder, most of the budget will go to debt servicing… and chaos will ensue when we can’t service our basic needs anymore…

We could do an Argentina, where they stopped debt payment all together till they got favorable terms from their creditors… but that crashed their economy…

With this proposal of debt for equity swap… 50% of our debt payment would go to projects for poverty alleviation… we could in fact have the breathing space we need to build our economy… It has to be clarified of course that we aren’t asking for debt forgiveness… but rather just some breathing cap… but heck, I’d prefer debt forgiveness… (if I have to beg, I’d beg… hehehe)

Article here

I really hope that the our creditors will agree to this idea…