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Rising star Rune thumps 14th seed Shapovalov in straight sets

PARIS — Danish teenager Holger Rune swept aside 14th seed Denis Shapovalov in straight sets at the French Open on Tuesday to earn his first win in a Grand Slam tournament and confirm his status as one of the sport’s brightest prospects.

The 19-year-old, who won his maiden tour title in Munich this month, powered past the Canadian world number 15 with ease, winning 6-3, 6-1, 7-6(4) and showing no nerves.

“I’m really positive and working hard every day to get better. This is what you work for every day, to be able to play the biggest tournaments,” the baby-faced teenager with a bright smile told a news conference.

“You know, I’m super happy and pleased to be in this position right now, to be able to have chances against these guys, to be able to, you know, win my first title in Munich was a huge step forward in my career.”

A former French Open junior champion at 16, Rune looked extremely comfortable on the red clay on the outside Court 12, cruising through the first two sets in less than an hour with Shapovalov having no answer to his power and serial drop shots.

“I just really like playing it (drop shot), especially on the backhand side,” Rune said.

“It’s very natural for me and I think it’s good, especially here on clay when opponents are far behind the baseline, to mix it up. It’s also more fun to watch,” he said.

Rune had the chance to finish the contest with his first match point at 5-4 but sent an easy forehand into the net and gifted Shapovalov a set point two games later.

Another superb drop shot restored order and forced a tiebreak which Rune won when Shapovalov fired a forehand wide.

The teenager shot up from the 400s in the rankings in 2021 to the top 100 early this year.

He has already improved his ranking to world number 40, a major accomplishment considering he played for the first time in the main draw of an ATP tournament just over a year ago.

“I’m improving every day. I’m trying to improve 1% every day to get, you know, always to do things a little better than the day before,” he said. — Reuters

Premier League approves proposed takeover of Chelsea by Boehly-led consortium

THE Boehly-Clearlake consortium, which agreed terms to acquire Chelsea for £4.25 billion ($5.33 billion) earlier this month, passed the Premier League Owners’ and Directors’ Test, the league said on Tuesday, paving the way for the club’s takeover.

The proposal also needs approval from the British government before the consortium can complete the acquisition, with a week remaining before the club’s current operating licence expires on May 31.

“The Board has applied the Premier League’s Owners’ and Directors’ Test (OADT) to all prospective Directors, and undertaken the necessary due diligence,” the league said in a statement.

“The members of the consortium purchasing the club are affiliates of the Clearlake Capital Group, L.P., Todd Boehly, Hansjorg Wyss and Mark Walter.”

“Chelsea FC will now work with the relevant governments to secure the necessary licenses to complete the takeover.”

The British government is set to approve the sale after Chelsea’s Russian owner Roman Abramovich gave assurances he will not benefit from the deal, a source familiar with the situation told Reuters.

Currently subject to sanctions by the British government, Abramovich put the London club up for sale in early March following Russia’s invasion of Ukraine, which Moscow calls a “special military operation.”

Abramovich dismissed reports that he wanted a loan given to the club, reportedly worth £1.5 billion ($1.88 billion), to be repaid.

Chelsea previously confirmed all proceeds from the sale, which would be placed in a frozen UK bank account, will be donated to charitable causes by Abramovich. Groups led by Boston Celtics co-owner Stephen Pagliuca and former British Airways chairman Martin Broughton were earlier eliminated from the bidding process while a consortium led by Chicago Cubs owners the Ricketts family pulled out of the running. — Reuters

All-NBA First Team: Jokić, Antetokounmpo, Dončić, Booker, Tatum

DENVER Nuggets center and league Most Valuable Player (MVP) Nikola Jokić, Milwaukee Bucks forward Giannis Antetokounmpo, Dallas Mavericks guard Luka Dončić, Phoenix Suns guard Devin Booker and Boston Celtics guard Jayson Tatum comprised the 2021-22 All-NBA First Team, it was announced on Tuesday night.

The All-NBA Second Team featured Golden State Warriors guard Stephen Curry, Memphis Grizzlies guard Ja Morant, Chicago Bulls forward DeMar DeRozan, Brooklyn Nets forward Kevin Durant and Philadelphia 76ers center Joel Embiid.

The Third Team was made up of Atlanta Hawks guard Trae Young, Suns guard Chris Paul, Los Angeles Lakers forward LeBron James, Toronto Raptors forward Pascal Siakam and Minnesota Timberwolves center Karl-Anthony Towns.

Though Jokić was named MVP for the second straight season, the only unanimous first-team selection was Antetokounmpo, who won MVP in 2019 and 2020. Jokić received 88 first-team votes and 12 second-team votes, as did Dončić.

Embiid earned the fifth-most total points from the voting panel of sportswriters and broadcasters. At 57 votes for the first team and 43 for the second team, Embiid tallied 414 points, more than Tatum’s 390. But he was named to the second team due to positional restrictions; the National Basketball Association (NBA) only allows one center per team.

Jokić averaged 27.1 points, 13.8 rebounds and 7.9 assists and made 58.3% of his shots in 74 starts for Denver this season. Antetokounmpo averaged 29.9 points (a career high), 11.6 rebounds and 5.8 assists and made 55.3% of his field goals.

It marks Antetokounmpo’s sixth All-NBA selection and his fourth first-team selection. It is Jokić’s fourth overall selection and third appearance on the first team.

Doncic made his third straight first team after averaging 28.4 points, 9.1 rebounds and 8.7 assists in the regular season.

Tatum earned first-team honors for the first time in his career, while Booker earned his first All-NBA selection of any kind. Tatum averaged 26.9 points, 8.0 rebounds and 4.4 assists — all career highs — for Boston in the regular season. Booker posted a career-best 26.8 points and 4.4 rebounds per game, along with 4.8 assists, to lead Phoenix to the best regular-season record.

Booker and Towns became eligible for supermax contract extensions this offseason due to making the All-NBA team.

James extended his NBA record with his 18th All-NBA selection. Paul earned his 11th selection and Durant garnered his 10th.

Other players receiving votes included centers Rudy Gobert of Utah (45 points) and Bam Adebayo of Miami (28); forwards Jimmy Butler of Miami (32 points), Jaylen Brown of Boston (3), Desmond Bane of Memphis (1) and Khris Middleton of Milwaukee (1); and guards Donovan Mitchell of Utah (4), Mikal Bridges of Phoenix (1), Jrue Holiday of Milwaukee (1), Kyrie Irving of Brooklyn (1), Dejounte Murray of San Antonio (1) and Fred Van Vleet of Toronto (1). — Reuters

Atletang Ayala

SEA Games silver medalist and BPI Unibanker Alexis Sy presents her medal and iconic Saola stuffed toy to Ayala Corp. President and CEO Fernando Zobel de Ayala, Public Affairs Group Head Rene Almendras, and Strategic Human Resources Advisor Paco Milan.

Electric highway

OXANA MELIS-UNSPLASH

Imagine all the tollways from Rosario, La Union in the north all the way to Batangas City in the south being peppered with more “pumping” stations. But, instead of selling gasoline or diesel fuel, these stations cater to motorists that need to plug in and recharge their electric vehicles. And, as they wait, motorists can dine or shop in any of the station’s numerous establishments.

The concept is not new. Most stations along the highways now have become dining hubs. It seems that fuel sale and vehicle service are no longer their profit centers. More money is made from rental from dining and retail establishments, and perhaps even from percentage of tenants’ sales. What will be new is the establishment of charging stations for electric cars.

In the US, online publication Freethink reported in March that “Starbucks is creating an EV charger highway from Seattle to Denver,” with the coffee chain “promising electric vehicle owners a near-full charge in about 40 minutes.” In a report by Stephen Johnson that came out March 24, he wrote that Starbucks will install “fast chargers at up to 15 coffeehouses this summer, along a 1,350-mile route from Colorado to Washington.”

Johnson added, “The project, a pilot program with Volvo Cars, aims to build one DC charging station on each 100-mile segment of the western route… The coffeehouse chain is betting that it can score business from electric vehicle owners while they wait for their cars to charge — a process that can take a while, depending on the battery and strength of the charger.”

The project appears to be only a pilot, as it is also meant to allow Starbucks and Volvo “to analyze how electric vehicle owners use the stations in order to assess the viability of expanding the program elsewhere,” Johnson wrote. He also noted this would not be the first time Starbucks “experimented with using emerging technology to boost sales.”

“In the 2000s, the company offered CD-burning and MP3 filling stations, and in 2011 it became one of the first major companies to offer mobile payments, a sector in which it remains a top player today,” Johnson wrote. He also said the Starbucks’ charging stations “are set to be part of the so-called alternative fuel corridors that the US hopes to build along interstates and highways across 49 states and Washington, DC.”

It is a big bet, indeed, for the coffee chain that has become a global phenomenon. Only time can tell whether the bet will pay off. After all, previous initiatives have come and gone, much like how CDs and MP3s have practically disappeared from cars and have gone the way of the cassette tape player.

Many motorists — and cars — have now switched to streaming and using mobile phones as the car entertainment source. Head units have become mini tablets that also include navigation as well as messaging and connectivity functions. But, given the trends with fossil fuel pricing, electric vehicle ownership has become very attractive to those who can afford them.

Johnson noted that “the electric vehicle market is growing rapidly, with international sales doubling from 2020 to 2021. The US hopes to lead the market: in 2021, the Biden administration announced a target of having electric vehicles constitute 50% of new car sales in the US by 2030.” He added that they “may be within reach” as automotive executives themselves are predicting “that an average of 52% of new cars sold in the US, China, and Japan will be electric by 2030.”

And this where government and the private sector can come in: by proving policy and regulatory support as well as investment in infrastructure that will encourage the Philippines’ transition to electric vehicles. The Electric Vehicle Development Act is just the tip of iceberg for EVs. After all, unless a “national charging network” is put up, electric cars won’t gain traction.

As Freethink’s Johnson noted, “…with rising gas prices, cheaper electric vehicles, and plans to build at least one charging station per 50 miles of interstate across the nation, the appeal of electric vehicles is only likely to rise.” And this is precisely what policymakers and investors should urgently look into, considering the present trajectory of fossil fuel prices.

The Starbucks’ initiative is worth monitoring. It is timely and logical. As Johnson wrote, “…with a stronger national charging network, electric vehicle owners could depend on having chargers within a reasonable distance, some conveniently located at places where they needed to go anyway: the grocery store or the coffee shop.”

Just last month, ABS-CBN reported that one of the country’s largest property and retail networks opened “in-mall free charging stations at SM Aura in Taguig City, SM North EDSA in Quezon City, and SM Mall of Asia in Pasay City… to support technological innovations for a sustainable and eco-friendly future.”

In a statement, SM said “in the coming months, expect that fast chargers will be installed in more SM Malls.” The chargers are said to support e-Vehicle brands such as Audi, BMW, Fiat, Ford, GMC, Mercedes-Benz, Porsche, Volkswagen, and Hyundai, among others. Chinese car companies are also set to introduce more electric car brands in the country.

Starbucks is showing the way in the US, as SM is doing the same here. The Ayala group, not to be left behind, has also put up “integrated electric vehicle (EV) charging and transport systems” at Ayala Malls Circuit Makati and Ayala Malls 30th in Pasig. Several other establishments have put up EV charging stations all around the metropolis.

The strategy is clear: offer charging services where it will be most convenient for EV motorists — on highways and in places that they go to, anyway, and where they spend enough time to allow their cars to properly, safely, and sufficiently charge. Some time back, some groups started offering car cleaning services in malls. Car charging services should not be far behind.

 

Marvin Tort is a former managing editor of BusinessWorld, and a former chairman of the Philippine Press Council

matort@yahoo.com

The value of political impartiality in educational institutions

FREEPIK
FREEPIK

After the May 9 elections, Ateneo de Manila University President Fr. Bobby Yap, S.J. issued a letter to the Ateneo community calling everyone to rebuild “our heavily fractured society.” It was a well-meaning letter and his final message to “bridge the disconnects and make our nation finally be whole” is something that every Filipino who genuinely loves the country should get behind.

But peel back and one can readily discover certain biases underlying Fr. Yap’s letter. It spoke of a “heavily damaged democracy” despite the elections being generally peaceful and three of the other high-profile candidates conceding early and acknowledging the legitimacy of the process. The letter even borrowed a tagline from the university’s preferred candidate, Leni Robredo. A couple of days after it was published, the university hosted Robredo’s thanksgiving event.

These biases are endemic not just in Loyola, but in educational institutions across the country. Ateneo and De La Salle University were the first to encourage their students to wear pink in UAAP games. Other UAAP schools and NCAA colleges followed suit. It’s not limited to the NCR; I randomly received a private message from one of my high school teachers from the province proudly sharing my alma mater’s open support for a candidate. Whether it is naiveté or indifference, the virtue-signaling and lack of self-restraint by people within the academic community have unwittingly contributed to the “fracturing” of society. (For candor’s sake, let us not argue semantics of whether there was an official endorsement.)

Given the way schools have put themselves front and center of the political process, they have apparently become obtuse to the intrinsic value of academic institutions maintaining political impartiality in a democratic society. Like the press, they play a very important political function of supplying information — but with a narrower and more delicate audience. In his article “The Importance of Academic Impartiality” (Quillette, Jan. 15, 2022), Matt Beard identified what I believe to be the primary role of the academe. Summarizing Max Weber’s and Hannah Arendt’s views, Beard wrote: “the scholar’s job is not to preach particular values to their students, but to facilitate a clarity of facts and open debate so that students may choose for themselves.”

Although school officials often couch their statements in non-compulsory terms (i.e., “encourage,” “urge”), these end up carrying more weight because of the nature of the relationship between the school and its students. Simply put, schools, through their officials and faculty members, exercise moral ascendancy over students. The two sides do not stand on equal footing and students are more likely to be influenced by the school than the other way around.

Some would argue that the school’s position is representative of the majority of the student body. This is, of course, beside the point. For one, no school could claim that 100% of its students support one candidate. There will always be dissenters because that is human nature. More importantly, such an argument is itself anti-democratic because it creates a chilling effect for those who hold different views. The minority would feel ostracized by their “second home”; while there is no immediate threat of expulsion for holding politically different views, the exclusion from social groups within the campus is arguably worse. There are those who would simply choose to remain silent due to conformist social pressures. Had the Blue Eagles won the UAAP title on May 13, the post-game bonfire celebration would have ended up an exclusively pink affair.

But the more concerning argument from schools we have heard is: “the values of a specific candidate align with the university’s.” If the statement is true, wouldn’t students be able to independently reach the same conclusion without the school openly favoring a candidate? Or does the assumption that the schools did their job instilling these values not hold? It is also rather simplistic because there are always competing values and it is preposterous, bordering on dogmatism, to claim that there is one candidate who possesses all these. The underlying fallacy, of course, is that these values are somehow scientifically and empirically quantifiable within a person in such a way that would allow school officials to proclaim, as a matter of universal truth, that one candidate possesses more values — both in a collective and individual sense — compared to the others.

Conflating truth and politics is a risky proposition, and the academic community ought to learn the lesson from one of its own. One thing that hangs over the legacy of German philosopher Martin Heidegger during his tenure as rector of Freiburg University is his letter urging students to vote “yes” in support of Hitler’s decision to leave the League of Nations. As head of the university, he told students: “The Führer has awakened this will in the entire people and has welded it into a single resolve. No one can remain away from the polls on the day when this will is manifested.” We all know how that ended up.

This is not to suggest that the schools’ open support for Robredo in the recent elections is remotely comparable to Heidegger’s endorsement of Hitler, but the historical example highlights the limits of human foresight and justifies why academic impartiality is to be considered a categorical imperative. Aung San Suu Kyi was once awarded the Nobel Peace Prize for her non-violent struggle for democracy and human rights but was later accused of legitimizing genocide against the Rohingya Muslims in Myanmar. There are no certainties in the political realm and that is why for the academe, as Arendt argues, “no political commitment [is] possible.”

Academic institutions often justify their messiah complex by confusing impartiality with apathy. When I was in college, students were often mocked for being “apathetic” because of an apparent lack of passion or ethical commitment. The criticism, however, always felt forced and misguided because it discarded centrism as a valid political outlook and even subtly favored radicalism over rationality. Being impartial does not mean being apathetic. On the contrary, impartiality by the academe actually requires intense fervor to defend these three premises identified by Beard: 1.) that you should speak the factual truth — as opposed to what Arendt referred to as “rational truth” — as you see it even if the consequences will be negative; 2.) that the way to overcome dogmatism is open discussion and an impartial consideration of all perspectives; and, 3.) that academia and journalism ought to be refuges of truth against political and social power.

The most important role of colleges and universities is to promote critical thinking. Equipping students with the skills and knowledge to debate political issues in an informed way is more important than supplying ready-made conclusions. Serving a candidate’s name on a silver platter discourages the use of the students’ intellectual faculties. Unfortunately, the combination of passionate politics and cognitive narrowing has created echo chambers where Dunning-Kruger is in full effect. As Bertrand Russel once lamented, “I am afraid that education is conceived more in terms of indoctrination by most school officials than in terms of enlightenment. My own belief is that education must be subversive if it is to be meaningful. By this I mean that it must challenge all the things we take for granted, examine all accepted assumptions, tamper with every sacred cow, and instill a desire to question and doubt.”

In a democracy, there is danger in allowing academic institutions to dictate public discourse. The foundational principle of Philippine democracy is that “[s]overeignty resides in the people and all government authority emanates from them.” As an institution’s size and stature grows, there is a risk that it would attract both political power and financial resources, which could tip the balance of power in their favor to the detriment of individual citizens. The more imminent peril, as we have seen in the past two electoral cycles, is the vitriol and divisiveness directly caused by the unbridled partisanship of these institutions. There appears to be a direct correlation between a university’s stature and its own students’ arrogant conviction that they are “correct,” which creates an irrational feeling of superiority that ultimately manifests itself through intolerance and condescension, most visibly on social media.

Ideally, schools ought to self-regulate without need of government action; regrettably, the way they conducted themselves in the recent elections did not inspire confidence. In other democratic countries like the US and the UK, academic institutions are shielded from partisan politics because they have laws that either disincentivize or outright prohibit electioneering. In the US, schools enjoy tax-exempt status on the condition that they do not participate or intervene, directly or indirectly, in any political campaign. In the UK, almost all universities are publicly funded which means they are subject to civil service laws requiring them to maintain, and be seen to maintain, impartiality.

One way forward is to grant tax-exemption only to such educational institutions which do not participate in, or intervene in (including the publishing or distributing of statements), any political campaign on behalf of (or in opposition to) any candidate for public office, akin to the condition imposed by section 501(c)(3) of the US Internal Revenue Code (commonly referred to as the “Johnson Amendment,” introduced by then US Senator, later President, Lyndon B. Johnson). However, amending the National Internal Revenue Code (NIRC) would be insufficient for this purpose. For it to be uniformly applicable to all schools, a constitutional amendment would be required since the tax-exempt status of non-stock, non-profit educational institutions is granted by the organic law.

The regulation of academia’s participation in political campaigns is warranted by their special tax treatment. As former US Supreme Court Chief Justice William Rehnquist declared in Regan v. Taxation With Representation (461 U.S. 540), this is effectively a form of public subsidy inasmuch as it has “the same effect as a cash grant to the organization of the amount of tax it would have to pay on its income.” The condition attached to the subsidy merely assures that taxpayers do not end up subsidizing partisan politicking by educational institutions. This is analogous to the rationale behind the constitutional proscription on electioneering by civil servants, i.e., to avoid inappropriate use of public resources. In this case, the justification is to avoid the inappropriate use of foregone income by the government.

The Johnson Amendment garnered public attention during Donald Trump’s presidency because of the latter’s claim that it violated the covered institutions’ free speech rights. However, the criticism was more campaign rhetoric than actual legal argument. The restriction only affected their tax-exempt status and did not absolutely prohibit speech. In other words, the restriction is the cost of the public subsidy, which is a matter of privilege rather than right. Educational institutions can still endorse a candidate, but at the risk of losing its preferential tax status and nothing else.

Also note that the condition is narrowly framed and limited to political campaigning. It does not cover a school’s freedom to speak out on various social justice issues, particularly those which are central to its core values. Neither would it abridge the constitutionally guaranteed academic freedom for institutions of higher learning; it would have no effect on their ability to determine for themselves who may teach, what may be taught, how it shall be taught, and who may be admitted to study. In fact, political impartiality may even be considered a pre-condition to academic freedom insofar as it ensures that minority, dissenting, or heretical views can be heard, argued against, or even satirized without fear of conformist pressures.

All of society benefits if academia is able to resist the temptation of preaching instead of teaching. Political impartiality fosters inclusivity and diversity of thought and paves the way for healthy, civilized debate within campuses — precisely how a democracy should be. Bridging the societal disconnects requires our academic institutions to first regain the trust of our pluralistic and multi-opinioned society.

 

Attorney Francis Paolo P. Tiopianco is currently working as a legal counsel for a multinational company. He holds a Master of Law degree from the University of Cambridge.

Bouncing back through storytelling and myth-making

JCOMP-FREEPIK

What do unsuccessful candidates for public office do after their opponents are officially declared winner? There is, we believe, no formal blueprint or template as one emerges at the short end of a zero-sum contest. Perhaps, the approach to this situation will differ based on the level of the position for which one aspired and the aptitude of the person for politics and public service, among other things.

We can look at many examples in the United States of what some of the 52 unsuccessful major party candidates for President since the ratification of the US Constitution in 1788 did after their respective runs for the presidency.

But we need not go far, we can look at our local situation.

CARLOS P. GARCIA AND DIOSDADO MACAPAGAL
Carlos P. Garcia lost the presidency to his Vice-President Diosdado P. Macapagal in 1961. After leading a quiet life in his home in Quezon City, near ABS-CBN, he was elected president of the 1970 Constitutional Convention (or ConCon). There was a short-lived political battle for the Concon presidency between Garcia and former President Diosdado Macapagal who defeated Garcia for the presidency in 1961. The conflict was reportedly encouraged, and even instigated, by then-president Ferdinand Marcos, Sr. who wanted to give Garcia, his party mate in the Nacionalista Party, a chance to get back at Macapagal, Marcos’ bitter rival for the presidency in 1965.

Thirteen days after he took his oath of office as Constitutional Convention president, the Boholano president died.

Macapagal eventually assumed the Concon presidency. He lived to see a Concon engulfed by bribery scandals and other controversies which expectedly occurred as the Concon was called to legitimize constitutional amendments that would change the country’s form of government from presidential to a parliamentary system. That change would have legitimately allowed Marcos to extend his term by becoming Prime Minister. That was Plan A. Plan B was to have Imelda Marcos succeed him as president.

Soon enough, it became clear that any substantive change would not come from the Concon and if it did, it would be so contentious and lack credibility because of the negative media attention on every issue that would crop up. Plan C therefore came into effect. Marcos declared Martial Law and extended his term indefinitely.

Upon the declaration of Martial Law, the Concon was shut down, together with both the House of Representatives and the Senate. A number of Concon delegates, senators like Ninoy Aquino and Ka Pepe Diokno, and congressmen were arrested. Macapagal found himself deprived of a post-presidency platform. In 1976, he requested asylum at the US Embassy after he denounced Martial Law in a book he authored, Democracy in the Philippines. The US Embassy denied Macapagal’s request when the office was told by Malacañang that there was no plan to arrest the former president.

FERDINAND MARCOS, SR. AND FERNANDO POE, JR.
Ferdinand Marcos, Sr., on the other hand, took a radically different path after his extended presidency. With no intentions of retiring gracefully and riding into the sunset, so to speak, he spent the last few years in Hawaii plotting his return to the Philippines and devising his defense to charges that piled up one after the other.

Corazon C. Aquino could not wait for her term as president to end on June 30, 1992.

The president was to serve for one six-year-year term as mandated by the 1987 Constitution she worked so hard to have approved in a democratic and transparent plebiscite. Seventy-six percent of the 21 million votes cast voted to approve the 1987 Constitution on Feb. 2, 1987.

President Aquino devoted her retirement to protecting the democracy she had vowed to restore, by going out into the streets to protest the conduct of the 2004 elections that had Gloria Macapagal-Arroyo admitting she called a provincial election officer, to “protect her lead” over her rival in the 2004 elections, the very popular actor, Fernando Poe, Jr. Arroyo would go on national TV to admit to a lapse of judgment and say, “I am sorry.”

Poe died on Dec. 14, 2014 of heart failure, seven months after losing a presidential election marred by charges of fraud and manipulation. Poe’s widow, Susan Roces, an equally popular actress and mother of Senator Grace Poe, died at the age of 80 on May 20, 2022. Poe Jr. was said to have taken his loss so badly that it affected his health. Before he died however, Poe was able to continue his philanthropy especially among co-workers in the movie industry.

MIRIAM DEFENSOR SANTIAGO
Prior to the Macapagal Arroyo-Poe Jr. electoral contest, Fidel V. Ramos won the presidency in 1992 to succeed Corazon Aquino who backed up his candidacy.

Several other candidates contested the presidency in 1992: former Immigration Commissioner and Department of Agrarian Reform Secretary, Miriam Defensor-Santiago; businessman and former ambassador Eduardo Cojuangco, Jr.; former Senator and House Speaker Ramon V. Mitra; former Senate President Jovito R. Salonga; and former first lady Imelda Marcos. Defensor-Santiago came closest to defeating General Ramos and promptly accused the Ramos camp of stealing the election.

Santiago, who was popular with the youth and had carefully cultivated the image of a graft buster, ran again for president in 2016 but was visibly hobbled by lung cancer which claimed her life in September 2016. Rodrigo Duterte won the presidency that year by using unconventional campaign tactics.

In between her runs for the presidency, Santiago served as senator. She served in all three branches of government. She had been a judge during Martial Law.

JOSE DE VENECIA AND MANUEL VILLAR
Speaker Jose de Venecia ran against Vice-President Joseph (Erap) Estrada, a popular actor who had been mayor of San Juan and a senator. De Venecia, a businessman and former diplomat, was President Ramos’ go-to-guy in Congress, having formed the “rainbow coalition.” De Venecia had to bring parties into the Lakas-CMD fold as President Ramos won by plurality in a six-person contest.

De Venecia would later return to the private sector and support Arroyo when she assumed the presidency. Arroyo was De Venecia’s vice-presidential running mate in the 1998 elections.

Businessman Manuel Villar was elected to the House of Representatives shortly after the 1986 People Power uprising. He became speaker of the House and soon gained control of the Nacionalista Party. He was speaker when President Estrada was impeached and later on tried by the Senate. The trial was never completed as EDSA II catapulted Gloria Macapagal Arroyo to power.

Villar, for his part, ran for president in the 2010 elections. On Aug. 1, 2009, Corazon Aquino, mother of Senator Benigno Aquino III or Noynoy, passed away. The death of the revered icon of democracy created a groundswell of support for Noynoy, who was expected to support fellow Liberal Mar Roxas in the latter’s expected mano a mano against Villar. But that was not to be. Noynoy was “drafted” by the people and triggered another “people’s campaign,” reminiscent of his mother’s 1986 campaign against Marcos, Sr.

Villar lost in his bid for the presidency. Estrada had been allowed by the court to run again and he promptly declared, “anybody but Villar.” Estrada had obviously not forgotten the 2001 House impeachment during Villar’s speakership. Estrada cut into Villar’s votes.

Villar returned to his businesses in housing and property development. He supported Rodrigo Duterte in 2016 and Marcos, Jr. in the May 9, 2022 elections. In the meantime, his senator-wife, Cynthia, is said to have a clear shot at the Senate Presidency.

LENI ROBREDO
Deserving a separate column and pending the official proclamation of President, are the post-election plans of Vice-President Leni Robredo. What we know as of now is the proposed creation of a nationwide NGO known as Angat Buhay to combat poverty.

Several things are clear about unsuccessful candidates for President of the Philippines. First, is they cannot stay away from the public eye for too long as they always gravitate towards some form of public service. Second, they do maintain huge residues of influence and those who were able to build up resources through whatever means, retain power that they use, with the aid of clever strategists, storytellers, myth makers, and social media to resuscitate their political fortunes and expand their power base.

 

Philip Ella Juico’s areas of interest include the protection and promotion of democracy, free markets, sustainable development, social responsibility and sports as a tool for social development. He obtained his doctorate in business at De La Salle University. Dr. Juico served as secretary of Agrarian Reform during the Corazon C. Aquino administration.

Never mind the cost

SHUBHAM DHAGE-UNSPLASH

Epictetus was an ancient Roman philosopher who promoted the philosophy of stoicism — “It’s not what happens to you, but how you react to it that matters.” Disasters do happen, we just need to manage how we react to them. What about how much they cost? Sometimes that too needs to be set aside.

Our cultural values urge us to get stuck and keep looking back…at our roots, our social obligations (utang na loob) and, yes, the costly disasters in our past.

We can learn to cope with cost accounting concepts learned at business school, like “sunk cost.” This approach holds that a cost already incurred, or sunk, is no longer material or even relevant for later decision-making.

Thus, the cultural value of “sulit” (getting your money’s worth) goes against the concept of sunk cost. The former induces a diner to eat more than he should at the “all you can eat” buffet table for a fixed price. To pass up a dish that has already been paid for is considered wasteful. Why skip the dessert table or the appetizers even when one is already dizzy? (Get a new plate.) This binging can lead to shortness of breath, and maybe even a stroke. The feeling of losing out from skipping dishes at a buffet persists even if eating more does not alter the already sunk cost of the meal.

In trying to win the favor of an object of desire, the earnest suitor may treat her to expensive dinners, the latest gadgets, and other lavish gifts. What if she instead grows fond of a triathlete in training at her gym? (Sure, he has a lower net worth, but those abs are something else.)

Is the persistent suitor to be undeterred by constant cancellations of wine-and-cheese dates on a yacht? Or should he simply write off all previous expenses as sunk cost and just read Tolstoy’s Anna Karenina?

Giving up the chase and stopping the financial bleeding may lead to greater happiness. It is not always a virtue to follow the maxim — if at first you don’t succeed, try and try again. This persistent approach can lead to additional waste of money and energy. Better to say: “If at first you don’t succeed… try something else.”

Many pursuits, including running for office, rely on investments of time, money, and emotion. Maybe different rules apply in politics. Clearly, the theory of sunk cost does not apply to those who “double up” after losing the first few rounds at the casino.

It’s not just sunk cost that weighs on the decision to change course and move on. Staying in a losing situation means that other options are given up. Again, the cost accountant weighs in with the related concept of “opportunity cost.” This is the cost of not profiting from another investment that is given up.

Personal relationships that turn sour go through the process of trying to be rescued. Can the effort to save a doomed partnership, whether romantic or corporate, lead to even bigger losses moving forward? Isn’t it better to avoid grief and write off past mistakes as sunk costs and move to something more likely to succeed… like collecting art?

Cost accountants are seldom perceived as love gurus, but their principles need to be heeded. If their theory of cost and utility apply to money, can’t they also be applied to personal relationships? The relevant cost, the economist too will affirm, is “marginal cost” which is the additional cost for producing the next item (as opposed to cost already expended and averaged out). The only consideration then in continuing a fruitless task is the additional expense and pain that the next steps will entail.

Companies that continue to run unprofitable enterprises, throwing in more good money after bad in the unrealistic hope of a turnaround, will do well to understand the concept of sunk cost.

The admonition to just move on after a crushing and expensive foray applies to most things in life. Sunk cost should be written off but the experience from it is embraced and learned from… if they still matter.

 

Tony Samson is chairman and CEO of TOUCH xda

ar.samson@yahoo.com

Growing food crisis fuels fears of protectionism

FREEPIK

DAVOS, Switzerland — A growing world food crisis is precipitating protectionist moves by countries that are likely to compound the problem and could lead to a wider trade war, business leaders and policymakers at the World Economic Forum said.

In a sign of the escalating squeeze on food supplies and rising prices, a government source told Reuters that India could restrict sugar exports for the first time in six years to prevent a surge in domestic prices.

Meanwhile, Indonesia, the world’s biggest palm oil exporter, will remove a subsidy on bulk cooking oil and replace it with a price cap on the raw materials for local refiners.

“It is a major issue, and frankly I think the problem is even bigger ahead of us than it is behind us,” Gita Gopinath, first deputy managing director of the International Monetary Fund, told Reuters of rising food security concerns.

Protectionism is looming large at Davos, prompting calls for urgent negotiations to avoid a full-blown trade war.

“It’s very important for the leaders of the world to sit at the table with calm and talk about how we will manage trade and food and investment,” Jay Collins, vice chairman of banking, capital markets and advisory at Citigroup told the Reuters Global Markets Forum in Davos.

“There’s a lot of conversations actually with the G7 happening here in the past 48 hours,” he said.

HOARDING
For residents in countries in Sub-Saharan Africa, for instance, 40% of their consumption is spent on food, Ms. Gopinath said. As well as a “huge hit to the cost of living,” price rises have given rise to hoarding by governments.

“We have about 20 plus countries that have put restrictions on exports of food and the fertilizers, and that can only compound the problem and make things worse,” she said on Monday.

Russia’s invasion of Ukraine, which Moscow describes as a “special military operation,” has led to a sudden crunch in a crisis that was already in the offing.

“We were facing an extraordinary food crisis before Ukraine, food costs, commodity prices, shipping costs were already doubling, tripling, quadrupling,” David Beasley, Executive Director for the United Nations World Food Programme, said.

The number of people “marching to starvation” has risen from 80 million to 276 million over the last four to five years, Mr. Beasley told Reuters in an interview in Davos.

“To keep the ports closed as the harvest season is now coming in Ukraine in July and August, it means a declaration of war on global food supply,” he said.

Many companies at Davos have been in touch about how they can act to address the food crisis, Mr. Beasley added.

‘NOT SUSTAINABLE’
“Agriculture has to be part of the solution to climate change and has to tackle food security,” Erik Fyrwald, CEO of Syngenta Group, said during a panel discussion on Monday.

Mr. Fyrwald said Syngenta has demonstration farms that show how farming practices such as not tilling the soil and covering crops in the winter to prevent soil erosion were better for soil, food security and climate change.

Another potential solution to the food crisis is to tackle waste, Gilberto Tomazoni, CEO of JBS SA, the world’s largest meat processor, told a WEF panel on Tuesday.

“Humanity is faced with two big emergencies at the same time, we need to face climate change and we need to produce more to feed a growing population,” he said.

“And the way we are producing today is not sustainable. This is our big, big challenge. Food waste, we need to take on this situation.” — Reuters

North Korea launches three ballistic missiles hours after Biden leaves Asia

FREEPIK

SEOUL — North Korea fired three ballistic missiles off its east coast on Wednesday, Seoul’s military said, just hours after US President Joseph R. Biden left the region following a trip in which he agreed to boost measures to deter the nuclear-armed state.

South Korea’s Joint Chiefs of Staff said the three ballistic missile launches were fired in the space of less than an hour from the Sunan area of the North’s capital Pyongyang.

North Korea has conducted a flurry of missile launches this year, from hypersonic weapons to test firing its largest intercontinental ballistic missiles (ICBMs) for the first time in nearly five years. It also appears to be preparing to test a nuclear weapon for the first time since 2017.

US and South Korean officials had recently warned that North Korea appeared ready for another weapon test, possibly during Mr. Biden’s visit, which was his first trip to Asia as president.

A White House official said Mr. Biden, who departed Japan on Tuesday evening, had been briefed on the launches and would continue to receive updates.

Japan reported at least two launches, but acknowledged that there may have been more. One of the missiles flew a distance of about 750 km (465 miles) to a maximum altitude of 50 km and appeared to be capable of shifting its trajectory in flight, Japan’s defense minister said. Another missile flew about 300 km and reached a maximum altitude of 550 km, he said.

Japanese broadcaster NHK said the missiles appeared to have fallen outside Japan’s exclusive economic zone (EEZ).

The US military’s Indo-Pacific Command said it was aware of “multiple” launches. They highlighted the “destabilizing impact of the DPRK’s illicit weapons program” but did not pose an immediate threat, it said in a statement, using the initials of North Korea’s official name.

In Seoul at the weekend, Mr. Biden and his South Korean counterpart Yoon Suk-yeol agreed to hold bigger military drills and deploy more US strategic assets if necessary to deter North Korea’s intensifying weapon tests.

But they also offered to send coronavirus disease 2019 (COVID-19) vaccines to North Korea as the isolated country battles its first confirmed outbreak, and called on Pyongyang to return to diplomacy.

There had been no response from Pyongyang to the diplomatic overtures or offers of aid, Mr. Biden said at the time.

The waning hours of Mr. Biden’s visit to the region also saw Russian and Chinese bombers flying joint patrols near Japanese and South Korea air defense zones on Tuesday in a pointed farewell. — Reuters

Gunman killed 18 children, 3 adults in Texas elementary school — officials

FREEPIK

UVALDE, Texas — A teenage gunman opened fire at an elementary school in South Texas on Tuesday, killing 18 children and three adults before the suspect was also killed, officials said, in the latest spasm of mass gun violence sweeping the United States.

Governor Greg Abbott said the suspect, identified as 18-year-old Salvador Ramos, was apparently killed by police officers responding to the scene, and that two officers were struck by gunfire, though the governor said their injuries were not serious.

Authorities said the suspect acted alone.

Mr. Abbott told a news conference hours after the shooting that 14 schoolchildren had been slain, along with one teacher. But Texas state Senator Roland Gutierrez later told CNN, citing the Texas Rangers state police as his source, that the death toll had climbed to 18 children and three adults.

The shooting unfolded just 10 days after 10 people were killed in Buffalo, New York, in a predominantly Black neighborhood. An 18-year-old man whom authorities said opened fire with an assault-style rifle has been charged.

The motive for Tuesday’s massacre in Texas, the latest in a string of seemingly random mass shootings that have become commonplace in the United States, was not immediately known.

Official details remained sketchy about the circumstances of the late morning shooting at Robb Elementary School in the town of Uvalde, Texas, about 80 miles west of San Antonio.

Mr. Abbott said the suspect was believed to have abandoned his vehicle and entered the school armed with a handgun, and possibly a rifle, before opening fire.

Investigators believe Mr. Ramos shot and killed his grandmother before going to the school, CBS News reported, citing unidentified law enforcement sources.

“It is being reported that the subject shot his grandmother right before he went into the school,” Mr. Abbott told reporters. “I have no further information about the connection between those two shootings.”

University Hospital in San Antonio said on Twitter it had received two patients from the shooting in Uvalde, a 66-year-old woman and a 10-year-old girl, both listed in critical condition.

US President Joseph R. Biden, who ordered flags flown at half-staff until sunset daily until May 28 in observance of the tragedy, planned to address the nation about the shooting at 8:15 p.m. EDT, the White House said.

The student body at the school consists of children in the second, third and fourth grades, according to Pete Arredondo, chief of the Uvalde Consolidated Independent School District Police Department, who also addressed reporters. In American schools, those grades are typically made up of children ranging from 7 to 10 years of age. — Reuters

Fossil announces next generation of wearables — the first powered by the latest qualcomm snapdragon wear 4100+ platform

Gen 6 boasts increased speed and performance, updated wellness sensors, and compatibility with Wear OS 3

It is with great excitement that Fossil announces the newest generation to our wearables portfolio: the Gen 6 Touchscreen Smartwatch. The Gen 6 smartwatch will be the first smartwatch powered by the Qualcomm® Snapdragon Wear4100+ Platform, providing users faster application load times, highly responsive user experiences, and more efficient power consumption. In addition, the battery charging speed is two times faster than leading smartwatches, reaching 80% charge in just over 30 minutes. Users will also benefit from continuous heart rate tracking, a new SpO2 sensor, speaker functionality to make and receive tethered calls, software updates from Wear OS by Googleand Fossil Group, smart battery modes and more.

Gen 6 will also be compatible with Google’s new system update, Wear OS 3, announced last year. The smartwatch will be eligible for the Wear OS 3 system update in 2022, alongside other updates that will continue to improve the overall user experience.

“We are proud to announce our highly-anticipated next generation of smartwatches. At Fossil Group, we are always striving to deliver increased performance and delight users, working in partnership with Qualcomm and Google, and we are excited by the new capabilities Gen 6 is bringing to our users. Faster interface, less time to charge and upgraded health and wellness features are only a few of the benefits Gen 6 will see as our teams continue to innovate and evolve our smartwatch portfolio,” says Steve Evans, Fossil Group EVP Chief Brand Officer.

“Fossil Group and Qualcomm have had a long-standing partnership and have led the convergence of fashion and technology in the industry,” says Pankaj Kedia, Global Head of Wearables, Qualcomm Technologies, Inc. “We are delighted to have collaborated with Fossil Group on their latest smartwatch, the Gen 6, which is the first product to come to market based on our Snapdragon Wear 4100+ platform. This platform enables users to experience lightning-fast processing and richer, always-on, ambient modes and watch faces with ultra-low power consumption thanks to the integration of the always-on co-processor in the platform.”

The new Fossil brand Gen 6 smartwatch launches with 3 colorways in a 44mm case and three colorways in a 42mm case for added size options. In addition to offering 6 timeless styles and endless interchangeable strap options, users can customize dials and buttons to easily access their most-used functions. Fossil Gen 6 is upgradable to Wear OS 3, Google’s new system update announced earlier in the summer, and will benefit from continued improvements in features and user experience.

Gen 6 boasts top everyday features, including:

Increased Battery Charging Speed and Smart Battery Modes

Users can enjoy shorter charging time and extended battery life to maximize their day. The Gen 6’s charging speed is two times faster than the leading smartwatch, reaching 80% in only a little more than 30 minutes of charging. This, combined with the Snapdragon Wear4100+ platform, decreased power consumption and Fossil Group-developed Smart Battery Modes, puts the user in control and allows for 24+ hours of battery life (based on usage) or multiple days in Extended Battery Mode.

This improvement also impacts the customer experience in regards to sleep tracking. The device reaches 80% charge in about 30 minutes, enabling a full charge in the morning after tracking your sleep.

Upgraded Health & Wellness Sensors

In addition to wellness updates from Fossil Group released in 2020, Gen 6 boasts an upgraded heart rate sensor to allow continuous tracking and improved signal accuracy. Users will also benefit from the new SpO2 sensor, which tracks an estimate of the wearer’s blood oxygen measurements to see how well your body is circulating oxygen over time.

Swimproof Speaker and Microphone

Android and iOS smartphone users can enjoy the ability to make and receive calls from their Gen 6 smartwatch. Hear responses and get answers from Google Assistant — when you ask a question or tell it to perform an action, you can hear Google speak back to you.

Additional features include:

  • Stainless steel case, topring and pushers
  • 44mm and 42mm case size options
  • Stunning 1.28’’ touchscreen digital display
  • Swimproof (up to 3 ATM)
  • Customizable dials and button functionality
  • Interchangeable straps and bracelets
  • Enjoy All Your Spotify Music and Podcasts Offline on smartwatches running Wear OS for all Spotify Premium users
  • Increased performance and lower power with Qualcomm® Snapdragon Wear4100+
  • Connectivity: Bluetooth® 5.0 LE, WiFi, GPS, NFC SE
  • Sensors: Accelerometer, Gyroscope, Compass, Altimeter, PPG Heart Rate, SpO2, Off-body IR, Ambient Light
  • Wear OS by Google
  • 8 GB of storage and 1 GB RAM
  • 4 pin USB fast charging with magnetic puck

Google, Android and Wear OS by Google are trademarks of Google LLC. Wear OS by Google works with phones running the latest version of Android (excluding Go edition and phones without Google Play Store) or iOS. Supported features may vary between platforms and countries with compatibility subject to change.

Available at Fossil Stores:

Fossil SM Baguio, Fossil Uptown Mall BGC, Fossil Ayala Center Cebu, Fossil Century Mall, Fossil SM Clark, Fossil Evia, Fossil Festival, Fossil Market Market, Fossil SM Megamall, Fossil Mall Of Asia, Fossil Newport, Fossil SM North Edsa, Fossil SM Southmall, Fossil Vertis North, Fossil Robinsons Ermita, Fossil Kiosk Ayala Manila Bay, Fossil Robinsons Galleria, Fossil Robinsons Magnolia

 


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