Archive for February, 2009

How do you lose $84.7 Million in a day?

Saturday, February 28th, 2009

I have this new nightly habit of watching the CNBC show Squawk Box for news about the economy. It’s an interesting program with a bunch of very knowledgeable hosts and guests. It’s also actually very entertaining considering the topics that they discuss, it sure beats getting bored to death watching Bloomberg.

Anyway, I was watching it the other night and it reported that General Motors Corp., the 2nd largest automaker in the world and manufacturers of cars such as Chevrolet, GMC, Hummer, and Daewoo, among others, posted a loss of $30.9 Billion Dollars last 2008. This equates to them losing roughly $84.7 Million in a day! Think about it, that’s 4.1 Billion Pesos everyday! If that doesn’t blow your mind I don’t know what will. The amount that they lost last 2008 is more or less equal to the entire GDP of the Philippines. That means if we measure the total value of all final goods and services produced in the Philippines in 2008, we would more or less get the value of what GM lost last year.

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Why I.T.?

Tuesday, February 24th, 2009

My first post in this blog is going to tackle something that is very dear to me.

I know that student life here at Informatics is an incredibly busy one. Each student has his/her own classes with different teachers. Although a student may spend upwards of 6 hours in school, most of the time is spent inside the classroom in the company of teachers. Most of the contact students have with me is done at the office for strictly academic concerns. In short, I have not been able to talk to students as much as I would like. Our duty as educators is not simply to impart knowledge on the latest technology but also to impart wisdom and life learnings to help students grow up and realize their full potential. Hopefully I can start doing that through this blog.

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