Oh the irony! Who would have thought that the some South Korean Military officers would actually try to fake degrees from the Philippines?

There’s not only 1 of them but the 13 lieutenant-level officers were caught faking their credentials.

SKorea’s fake degree scandal spreads to military
Sourece: AFP

SEOUL (AFP) — South Korea’s fake degree scandal has spread to the military, with 13 army officers sacked and prosecuted for faking Filipino university degrees.

“Military prosecutors have indicted the 13 lieutenant-level officers for faking degrees,” a defence ministry spokesman told AFP Friday.

Eight others waiting to be commissioned as officers were also found to have forged degrees from the same university, he said.

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Comments (3) Posted on Friday, November 2nd, 2007

It’s always fun to read about the Philippines in other countries in a positive light. Even this is just a blip on Time Magazine again.

Studies in the Philippines show that later-born siblings tend to be shorter and weigh less than earlier-borns. (Think the slight advantage the 6-ft. 5-in. [196 cm] Peyton Manning has over the 6-ft. 4-in. [193 cm] Eli doesn’t help when he’s trying to throw over the outstretched arms of a leaping lineman?) Younger siblings are less likely to be vaccinated than older ones, with last-borns getting immunized sometimes at only half the rate of firstborns. Eldest siblings are also disproportionately represented in high-paying professions. Younger siblings, by contrast, are looser cannons, less educated and less strapping, perhaps, but statistically likelier to live the exhilarating life of an artist or a comedian, an adventurer, entrepreneur, GI or firefighter. And middle children? Well, they can be a puzzle—even to researchers.

If you are interested in this article you can find it online here.

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Please note: It’s a rhetorical question, the image does not relate to the answer.

Just in case that you’re living under a rock or something, the U.S. economy is in a slump. And it seems the world is fascinated by the Euro and Renminbi (China) by and its strength. The Renminbi is pegged to the dollar and its currently undervalued. It seems to be that the dollar is no longer the preference as the world’s reserve currency. It’s the Euro, Clifford Bennett of Sonray Capital (Bloomberg Video).

Even though some may like the Euro, some also like the Renminbi or the Yuan. For example you can hear Jim Rogers of chairman of Beeland Interests Inc. talks about China (Windows Media Audio) and how he has a baby girl who is American Citizen, but does not have an American bank account and how he has hired a Chinese nanny so her daughter could learn Chinese for her own future benefit. He also has started to shift his assets out of the Dollar and into the Yuan (or video).

It’s interesting to see that the Canadian dollar is now strong, if not stronger (47 year high) than the U.S. dollar right now.

Ben Bernanke (U.S. Chairman of the Federal Reserve) will more likely devalue the dollar by printing more money out of the Federal Reserve.

The Philippine Peso
Even the Philippine Peso is getting stronger against the dollar. Citigroup even sees that the Peso would hover around the P42.50 against the dollar by the years end.

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Related Post:
The Wealthy, the Poor, and the Filipinos (part 1)

It’s easy to say that life is hard, and it’s harder in the Philippines. Among many Filipinos, many of them don’t even believe that they could make money in the Philippines. But let’s take a look who are the 5 richest people in the Philippines and their commonality.

The Top 5 Richest Men in the Philippines (Forbes, 2007) are

1. Jaime Zobel de Ayala ($2 billion)
2. Henry Sy ($1.7 billion)
3. Lucio Tan ($1.6 billion)
4. Andrew Tan ($1.1 billion)
5. Manuel Villar ($940 million)

Four out five were immigrants, or the parents have been immigrants to the Philippines.

1. Jaime Zobel de Ayala (Several generations)
2. Henry Sy (1st Generation)
3. Lucio Tan (1st Generation)
4. Andrew Tan (1st Generation)

Four out five were self-made b/millionaires:

1. Henry Sy (started in Quiapo)
2. Lucio Tan (scrap dealer)
3. Andrew Tan (factory worker’s son)
4. Manuel Villar (seafood dealer/construction)

Five out five believed that they could make money — in the Philippines, nevertheless.

The Richest Man in the World

Interesting to note that the Richest Man in the World is no longer Bill Gates nor does he/she comes from the U.S. but from a “Newly Industrialized Country” — Mexico. His name is Carlos Slim (video). He also believed in Mexico, unlike anyone else.

His net worth is nearly $68 billion ($68,000,000,000.00), $27 million a day ($27,000,000.00), Lebanese immigrant, and does not own a computer .

Profiles: Pinoy Money Talk, Forbes

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Wake T-Rex has been down a couple of days last week due to a hard drive crash. If you see error here and there let me know.

While that was happening, there has been report about a explosion in Metro Manila at the Glorrieta Mall. There has been no conclusive findings yet, but it is of course either due to an accident or terrorist act. What really matters is that what happens next, the possibility of other militant groups trying to cause panic, and how fast the government can show its responsibility to protect its people.

So far, investors are unfazed about the blast and would continue to invest in the country.

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