7.17.2006

Busy World, Philippines and Me

A lot going on in the country, the world and me.

Over here in the Philippines, Mayon Volcano is acting up again. Treatening the area with lava and earthquakes. Hopefully, the Mayon will remain beautiful outside and more importantly inside.

Activists and other people with nothing to do are bracing for the SONA of Gloria Arroyo. Expect DEMONstation galore. Surely, anything bad happens, will further weaken the Peso.

Elsewhere…

The space shuttle discovery is going back Florida after its mission to do a repair to the
International Space Station critical to future construction of the half-finished $100 billion Star Wars-like Earth space outpost. After the 2003 Columbia disaster, the world is keeping its fingers crossed that this time, every will be ok.

Meanwhile...

G8, the organization of great 8 economies of the world is on summit. Clearly, pre-planned agenda shall be by passed with the current events unfolding right now.

Speaking of which, the Israel is currently and relentlessly air striking Lebanon's major installations. This includes air depots, airports, bridges and highways, key offices etc. This is almost an act of war. I am surprised Lebanon is not retaliating with its own armed forces. Israel is occasionally hit by rockets not originating from the State of Lebanon but from the Hizbollah group. Giving Israel more reasons to give them showers of devastation. The Hizbollah should be expecting rain of missiles and bombs every time they fire back.

Israel is pounding Lebanon because it harbors the Hizbollah, a Shi'ite guerrilla group. Israel wants Lebanon to get rid of Hizbollah in its turf. Earlier this week, 2 Israeli soldiers were kidnapped by Hizbollah. These 2 are now being offered to Israel for prisoner swap. Israel says No-No-No. And so now, this over-reacting response from Israel. You know of course that this is more than the 2 kidnapped soldiers. The mission of Israel is beyond that as seen by the massive devastation it has already done in Lebanon. The attack is not only happening in the south but state wide. Surely, they have other agenda than getting back their soldiers.

But you can not blame Israel, being in the heart of the Muslim world for a non-Muslim state, it has got to do what it has got to do. Remember, the USA invaded Afghanistan because it nurtures the Al Quada group. This is no different, Lebanon too is allowing the Hizbollah group to operate in south Lebanon. With of course known backing from Syria and Iran. This is messy.

Expect crude prices to go up further in the Philippines and elsewhere. I loaded up P900 on gas last Saturday and I'll be expecting to load up again in 2 days. This is bad. This Middle-East semi-war will bring nothing to countries involved and this will bring no good to me.

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