RSA lets loose his attack dogs

THESE are interesting times.

That nothing is perfect in our world is better understood now by what is happening in the US of A especially when we think about Donald Trump’s triumph in the last presidential elections.

The most powerful nation on earth is now hurting for electing a president that lost the popular votes but won in the votes of electors in Electoral College. 

Under the US election system, the Electoral College is the body that elects the President and Vice President of the United States every four years. 

Citizens of the United States do not directly elect the president or the vice president; instead they choose "electors", who usually pledge to vote for particular candidates. 

The number of electors in each state is equal to the number of members of Congress to which the state is entitled.

There are currently 538 electors, corresponding to the 435 Representatives and 100 Senators, plus the three additional electors from the District of Columbia. 

All states, except for Maine and Nebraska, have chosen electors on a "winner-take-all" basis since the 1880s.

Under winner-take-all, a state has all of its electors pledged to the presidential candidate who wins the most votes in that state. 

The candidate who receives an absolute majority of electoral votes for President or Vice President is then elected to that office. 

On five occasions, most recently in the just concluded 2016 presidential elections, the Electoral College system has resulted in the selection of electors with a majority pledged to a candidate who did not receive the most popular votes in the election. 

Trump sold hate and racism to anchor his call for America for Americans. 

The protest marches and near-riots in streets in the USA, denouncing his victory, are like fruits of seeds of hate he has planted now he is reaping. 

There are whispers saying that Trump can still be overturned by the process of Electoral College itself where cussing Trump won. 

On December 19, the electors in this scheme will validate the elections. 

The electors can still overturn the results of the previous count. 

It’s an interesting system of check and balance in the U.S. of A.

*****

The immediate, knee jerk reaction of the market was panic and stock prices dived down to record percentages.  Fearing for an anxiety driven slump in the market, speculators rushed and panicked.

This happened in all exchanges including the Philippines. 

While most shares took a dive, interestingly shares of Megaworld, developers of Trump Towers in Metro Manila, surged on the back of its partnership with Donald Trump, who is a world leader in real estate development aside from winning the US presidency. 

On the profit and loss statement side, though, Megaworld Corp. posted another double-digit earnings for nine months. 

Ending this September, it grew its net income by 11% to post income of P9.17-Billion from P8.35 billion for the same period last year. 

*****

Another gainer is Manila Water Company, Inc., concessionaire in the supply of water to half of Metro Manila and urban centers. This water distributor increased its net income by 6% to P4.87 billion in the nine months ending September.  

Increases in revenues came from surges in profits in its Metro Manila East Zone concession that grew by 4%, Laguna Water went up to 12%, and Clark Water up by 13%. 

What’s interesting in this report is, these billions of pesos should have been earned by the government and distributed to the consumers in lower service cost. This is a very clear picture of unfair results of privatization. The Ayalas make billions at the expense of millions of its consumers who are supposed to be the true beneficiaries of the Public Private Partnership (PPP) projects. 

*****

The war for the coveted blessings by Pres. Rodrigo Duterte on who shall build the global gateway that will replace Ninoy Aquino International Airport, has just been upped with media easily now the battle grounds.

It appears the Ramon S. Ang group is leading the media wars with columnists in his stable taking pot shots at proponents to develop Sangley Point for the next global gateway, as the JICA study strongly suggested. 

RSA, the front man of Danding Cojuangco of the Marcos Martial Law syndicate, appears to have let loose his attack dogs.

Aside from the mainstream traditional media, the social media is also being used where an analysis was posted on the brewing war of Filipino billionaires over Sangley Point. 

The post said Henry Sy group has allied with the Tieng Family and China Communications Construction Company, on the project for the proposed Sangley Point international airport.

The post was obviously promoting and supporting RSA proposal to build the international airport in Bulacan, citing cost as reason. By the way, both Sangley Point and Bulacan sites for international airport will require thousands of hectares of reclamation. 

Will RSA win this one even when technical studies and common sense dictate that the best alternative to NAIA is Sangley Point?

With RSA anything can happen, take note, the airport skyways was won by RSA group by committing and paying upfront money of over P8 billion for the right to build the skyway against MVP group offer of several hundreds of millions. Those figures are what are publicly announced. Nobody is asking how much winners in these privatization schemes offer in corruption money to officials of DOTr.

 

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Monday, 20 January 2020
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