Its challenging to be optimistic in 2023

Every generation needs a revolution - an entrepreneurial revolution

Its a good idea to be optimistic and tough amidst the turmoil in 2023  But look around the external environment:

1.  Big banks in US and Europe failing  (3s in the States, CSB in Switzerland, Deutsche Bank next?)

     What follows, industries failing too?

2.  Europe and US are reported  to be in recession?

3.  The only way that Central Banks and US Feds can control inflation is to put the economy into

      recession -  lay offs so that the consumer will buy less;

4.  Big company closures in Japan:     Sharp, Toshiba, the scandal at Olympus cameras

     (It incurred big losses when it parlayed into stocks, and other unrelated non camera ventures; the

     only saving grace was the Olympus medical)

     Sharp company failure

     Inappropiate accounting procedures at Toshiba

     Japan's 20 year recession - ADB

     We are better off than Japan whose GDP growth was reported to be only 1%;  vs Philippines 6%

      Japan used to be our idol in the 1990s for growth innovation and management

Management of water resources

Every generation needs a revolution - an entrepreneurial revolution

It is funny to think that PBBM wishes that there is another entity to manage our water resources.  In the debate with Manny Pacquiao, the boxer mentioned of establishing a water department

Indeed it comes as a surprise that water is in stages of plenty and shortages:   floods and low water supply.  We experience floods and no water at times and indeed are people in relevant jobs doing their tasks well enough

Having travelled abroad, it was observed that in a southern continent country there are sips, small impounding ponds to control floods flow and store water for the dry season.   In Singapore, there are underground cisterns required of buildings to collect rainwater during rainy season, and to use the stored water for domestic purposes later on

Yes we can do this here   In the future, the battle for resources will be for water resources.   NWRB!!!

The thing is we do not have to invest in desaination plants  All we have to do is to conserve

This is not a rocket science.  This is a well open, public information

Water management essential guide

Global job cuts, what can be done

Every generation needs a revolution - an entrepreneurial revolution

Nearly 200,000 jobs were cut in 2022;   about 100,000+ were announced by global companies like Meta, Amazon Accenture Paypal, etc.   Name the cause    cost cutting, P n L revenue decline, problem in Ukraine.

It is certainly a cause for worry for many.  Certainly this is a cure for inflation.  Fed and Central Banks efforts have been paying  off.

But this is a great difficulty for families for those who lost jobs   No food on the table, no more shelter (as we see among slum dwellers in Europe) and in streets of LA even at Philadelphia.

It could trickle down to BPO companies in the  Phil.  The cost cutting can cut into the outsourcing by Western companies  It means lesser jobs too for our OFWs.   The 6 - 7% GDP growth forecast for Phil could be overly optimistic

Its not an event that will force despair or suicide.  We need to think like entrepreneurs.  We can pose solution to this negative event.    We can think of new business, on how to cope up.

We need an entrepreneurial revolution to counter this global crisis