How TV works is an interesting economics question. Many shows are “free” to their audiences, and yet the TV networks make money because of advertising. Of course, the ads will have “reach” power only if the programming catches a large-enough audience. One especially successful show is Pinoy Big Brother (PBB), which is said to be a “reality” show because the “stars” in it play themselves and not fictional characters.
Here’s investment advice based on what the BSP is supposedly doing with its foreign exchange reserves and gold: Sell US dollars, and buy real estate, gold, stocks. In effect, Mangun says that we should think of what’s out there as an emerging inflationary bubble.
The following are excerpts from Paul Krugman’s latest summary of the macro debates:
Pharmaceuticals can no longer sell cheap in India and dear in the Philippines. This seems to be the import of the 2009 case of Roma Drug v RTC, which one legal analyst believes is a case that helps to “break up cartels.”
As I’ve told my students, a cartel is not the same as a monopoly, but never mind.
The trick now is how to allow the poor to buy online. This is a nice techie biz project, in addition to my earlier suggestion to hyper-energize dual-sim phones.