The Government Service Insurance System‘s earlier assurances that its investments are not endangered in the midst of the global financial crisis have come under a dark cloud of doubt.

Inquirer.net reports today that the GSIS

may have incurred more losses due to the sharp decline in stock prices around the world in recent weeks, an examination of its portfolio of stock holdings revealed.

The “global property securities” held by the GSIS also showed marked drops in their values in the weeks following the GSIS declared profits from its overseas investments.

On Blog Action Day regarding poverty, forbes.com released its list of the top 40 richest Filipinos, headed by mall mogul Henry Sy with a net worth of $3.1 billion.

Lucio Tan is second in the list with $1.5 billion. Jaime Zobel de Ayala, last year’s richest, dropped to third place with $1.2 billion.

The total net worth of the Philippines 20 richest people is $12.670 billion or a whooping P594 billion!

The sobering news is a new United Nations report also came out the next day, pointing to a very problematic occurrence — income inequality is worsening worldwide, including the Philippines.

Dr. Corazon Lamug was perhaps the sociology professor we were most proud of when I took up the BA Sociology program at the College of Arts and Sciences of University of the Philippines at Los Banos.

Ma’am Lamug wasn’t a “terror”. But nobody doubted her competence and expertise. We were never surprised that a sociology professor, no less than Dr. Lamug, was later appointed associate dean and eventually dean of CAS. She never demanded respect; she commanded it and the people gave it to her unquestioningly for she earned it every single day.

As a sociology student, I was so happy that Ma’am Lamug became Dean Lamug and went on to oversee a college predominated by natural, biological, chemical, physical and mathematical sciences. It was a testament her prestige and standing in the university and this reflected well on the the BA Sociology program of which she was part of. With her stint as college dean, Dr. Lamug put a period on insinuations that sociology students were second-class members of the CAS studentry.

UPDATE: Correction! Correction! Ms. Jessica Zafra sent an email to clarify that she did not write this letter. Kevin Allman is the real author.

My apologies to Ms. Zafra, Mr. Allman and everyone.

To Madame Jessica Zafra: Bravo (for this good find)!

Allman‘s Zafra’s reaction to the US economic meltdown will put to shame each and every spammer from Nigeria, they who send us endless pleas for assistance in exchange for gazillions of dollars.

Thanks to Ms. Zafra for the heads up.

Dr. Carol P. Araullo, chair of the progressive multisectoral alliance Bayan, has this to say about the issue of renewed US military presence in the country, an issue which rightly comes out as the world marks the 7th anniversary of 9/11:

It all sounds clean and aboveboard: the US oozes with altruism for a long-time ally and the Philippines is the lucky beneficiary of this no-strings-attached, we’re-just-doing-our-bit-for-world-peace mission of the lone Superpower and Global Policeman. However, in the light of historical and current world events such as the US-instigated wars in Iraq and Afghanistan, it is much too good to be true.

The League of Filipino Students (LFS), arguably the country’s most well-known activist student organization, marks its 31st year today.

On its anniversary, the LFS’ clarion call to its members can also apply to all Filipino youth. The call may be deemed subversive by some, but perhaps mainly because it disrupts and challenges the passivity, cynicism and apathy that pervade society today. For this and its long history of making the young people realize their progressive roles in and out of campus, we say thank you to the LFS.

This afternoon, the DSL connection at our house just went kaput. I performed some “tricks” — known to all PLDT myDSL subscribers who have experienced problems and sought technical assistance. You know the drill: ipconfig /release and /renew. Resetting the modem. In my case, also resetting the router. I did all those plenty of times, knowing fully well that my computer and house connections may be the culprit.

But after several frustrating tries, I called up PLDT’s so-called customer service.