The country’s national flag will soon have nine rays in its sun instead of only eight. The Senate and House of Representatives are expected to ratify next week the reconciled version of Senate Bill 3307 and House Bill 6424 which provides for the inclusion of additional ray in the sun, Senator Richard Gordon told GMANews.TV Thursday.
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As students, we were taught in school that our country is rich in natural resources. Likas na yaman as they call it in our native tongue. Our mountains have gold, silver, coal, nickel just to name a few minerals. Our seas have oil and natural gas. Moreover, we have fertile soil for our farmers. But why is it that Juan dela Cruz does not have life’s necessities?
Is it because we are not utilizing these resources, or we do not have the money and technology, or maybe because we have both but then we are forgetting the third part, which is to protect the nature.
Personally, I see mining as an octane for our economy. We should take advantage of our resources and benefit from it more than other people. Today, we have the funds through the Mining Act, we have the technology to extract our minerals while making the least damage to our environment, and we have the manpower to operate it. Let’s be true to ourselves, we cannot “extract” these resources and put it to good use without altering nature. Just as getting oil in the middle of the sea without drilling and altering the balance of nature. (more…)



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Photo Credits:
Henry Sy by Jay Directo/AFP/Getty Images
Lucio Tan by Nat Garcia/AFP/Getty Images
Jaime Zobel de Ayala by Unclaimed
Edited by Luisa Kroll, Matthew Miller and Tatiana Serafin, 03.11.09, 06:00 PM EDT
The richest people in the world have gotten poorer, just like the rest of us. This year the world’s billionaires have an average net worth of $3 billion, down 23% in 12 months. The world now has 793 billionaires, down from 1,125 a year ago.
After slipping in recent years, the U.S. is regaining its dominance as a repository of wealth. Americans account for 44% of the money and 45% of the list’s slots, up seven and three percentage points from last year, respectively. Bill Gates lost $18 billion but regained his title as the world’s richest man. Warren Buffett, last year’s No. 1, saw his fortune decline $25 billion as shares of Berkshire Hathaway fell nearly 50% in 12 months. Mexican telecom titan Carlos Slim Helú maintains his spot in the top three but lost $25 billion.