February 2009 Edition
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Volume XXVII No. 2 February 2009 www.filipinostar.org Obama visits Canada Contents Cooperative News . .p. 3 Tourism . p. 6 Community News. p. 10 Philippine Cuisine . p. 11 Filstar Photo Gallery . p. 12 Home Business . p. 14 Empowering The People . p. 16 Showbiz Gossip . p. 18 Classified Ads . p. 21 U.S. President Barack Obama waves to the media as he and Prime Minister Stephen Harper leave a joint news conference on Parliament Hill in Ottawa, Thursday, Feb. 19, 2009. Leaders establish Clean Prime Minister to address the global areas of environmental protection They also discussed working Energy Dialogue, discuss economic recession and create and global security,” said the Prime together to develop effective global global security concerns jobs, to protect our environment Minister. responses to the economic crisis, through promoting clean energy through the G-8 and G-20 OTTAWA – February 19, technologies, and achieve our Restoring economic growth and processes. The United States and 2009 President Barack Obama and shared goals in responding to creating jobs Canada will actively work together to Prime Minister Stephen Harper international security challenges.” ensure that the G-20 Summit in April today agreed the United States and said the President. The President and the Prime contributes to restoring confidence Canada will pursue economic “The President and I agree Minister discussed their respective in financial markets. recovery measures and efforts to that both our countries must take economic recovery plans and their Finally, they instructed senior strengthen the international financial immediate action to restore focus on saving and creating jobs. In officials to meet at an early date to system to counter the global economic growth by lowering taxes, addition, the President and the develop strategies to enhance our economic recession. ensuring access to credit and Prime Minister discussed common collective security in North America, “I value our strategic unleashing spending that stimulates challenges they face, including including reviewing the management partnership with Canada and look economic growth. We also agreed to restructuring of the North American See Page 5 Obama forward to working closely with the strengthen our cooperation in the auto sector. www.filipinostar.org 2 The North American Filipino Star February 2009 Marché Coop Filipino The Filipino Solidarity Cooperative EDITORIAL 4711 Van Horne Avenue Montreal, QC H3W 1H8 Understanding recession and coping with it Tel.: 514-733-8915 By this time, we have realized money to make money by lending it E-Mail: [email protected] that our economy is in a recession as out with interest. If strict rules had we hear all the reports from radio, been followed in the process of giving television and the internet. It is said to loans to people who have the ability to be worsening everyday as many repay, there would be no problem. people lose their jobs. But our Prime However, it would appear that Minister claims that we have a sound mortgages were given to many people banking system which makes us who did not have the ability to pay and luckier than our neighbors south of the when they defaulted, the banks border. Isn’t it surprising that not too foreclosed many properties. These long ago, our economy was booming? properties were sold at a loss, hence, Just like anything else in life, the banks did not get the original nothing is certain and we all have to be amount they lent out. Over a period of aware of the complexities of modern time, these banks also ran out of day living. The subject of economics is money. This is why the government oftentimes relegated to policy makers, had to bail them out. Before President but it seems more and more apparent Bush left, several billion dollars were that understanding its principles and given to the banks. It is a big scandal how it affects our daily life would make when it was found out that the banks us better consumers. In economics, gave bonuses to their CEOs. Naturally, the term recession generally describes people were scandalized to hear about the reduction of a country's gross this abuse by the banks of the bailout domestic product (GDP) for at least money. Now it is the intention of the two quarters. The usual dictionary new administration of President definition is "a period of reduced Obama to hold the banks accountable economic activity", a business cycle for the next bailout to avoid the contraction. But what seems to fighten complete failure of financial institution most people is the danger of a in the United States. depression which is defined as a The auto industry is another prolonged recession. It is said that if case of interest. What went wrong in nothing is done to make the economy this industry? Consumers hardly buy recover, we will have a depression American-made cars anymore. They which is something to be avoided at all prefer either not to buy locally made costs. cars or they keep their cars longer. It is Why do recessions occur? doubtful whether the bailout money Can we blame it on government, or on can really put car makers back into a businesses, or on consumersor on a profitable stage. If they do not get combination of all these groups? Are bailed out, many people would lose consumers well informed in the use of their jobs. However, it is not known credit ? Is there a need for more whether it will really help solve their regulations to protect consumers? problems of re-structuring the industry In the United States, there are to make them competitive. Is the many factors that may be responsible government just pouring in good for the recession – the cost of the war money to prolong the life of a dying in Iraq, Afghanistan, the housing crisis, industry? We sell fresh vegetables weekly. or financial meltdown, and the Even though we do not have a Order lechon for Saturday pick up but we need at least a burgeoning or increasing deficits. In banking problem like the United minimum order of 15 lbs by Thursday. Canada, the recession is supposed to States, we are also living in a be a reflection of what is happening in recession. We must learn how to cope Call us at 514-733-8915 to place your orders. the U.S. Our economy is so tightly with the situation until things get better. connected to the United States as they Some tips of advice from financial are not only our neighbors but also our advisers are based on common sense biggest trading partner. Therefore, it is like use credit wisely (not to use credit easy to see how we will suffer from the cards if you can avoid it), save money same thing as they do. Our regularly for emergency use, relationship with them is so close that it economize by decreasing is said when the United States consumption of luxuries, shop wisely , “sneeze” we are the ones that catch and above all, we should all learn to the cold. live within our means. a It is an eye opener to find out that the banking system in the United Zenadia Ferry Kharroubi States is one of the reasons for the economic crisis People put money in the bank. The banks in turn use this The North American Filipino Star SUBSCRIPTION 4950 Queen Mary Road Penthouse Tel.: 514-485-7861 (5th Floor) near Snowdon Metro E-Mail: [email protected] Montreal, QC H3W 1X3 Name ____________________________________________________ Zenaida Ferry Kharroubi Hilda T. Veloso Jean Janete Aguilar Chief Editor & Publisher Address: _________________________________________________ Jerry Estrada Community News Sam Ferry Mary Joy Lizarondo __________________________________________________________ Lina V. Fernandez Dr. Victor Gavino Assistant Editor Sports News Telephone: Residence: _____________ Office: ______________ News & Tourism Prof. Isaac Goodine Nida Verginom Butaran Subscribers can give a gift subscription at 1 year (12 issues) $20 Alvin D. Veloso Bert Abiera Sales Representative 10% discount. Contributors Founder Please use the same form and indicate it 2 years (24 issues) $35 is a gift subscription. Opinions, comments of writers and columnists do not necessarily reflect that of the management of Filcan Publications, Inc. www.filipinostar.org February 2009 The North American Filipino Star 3 0348-06 - Ferrer, Excelsa Thelma 0532-06 - Miranda, Teresita 0326-06 - Flores, Aurea 0528-06 -Mojado, Ana COOPERATIVE NEWS 0103-05 - Flores, Editha 0290-05 - Molina, Arcelita 0387-06 - Flores, Lanie 0344-06 - Molina, Cristina 0227-06 - Forcadilla, Clarita 0457-06 - Montilla, Fred Your patronage of the 0033-05 - Francia, Rosalie 0423-06 - Moran, Grace Padua 0494-06 - Francisco, Greta 0422-06 - Moran, Ramon Cooperative store is our 0337-06 - Galaura, Jeanette 0201-05 - Motil, Rosalie 0340-06 - Galaura, Jocelyn 0335-06 - Munoz, Connie 0029-05 - Galera, Yolanda 0425-06 - Nazareno,Rosario only way to make it work 0329-06 - Galutira, Vilma 0420-06 - Nepomuceno, Susana 0292-05 - Garcia, Juanita 0306-06 - Neri, Jean Things have not changed already members of the Cooperative 0488-06 - Garcia, Ma. Visitacion 0522-06 - Nicavera, Joy but there are many more associations much since our last report. We are still 0555-06 - Gerance, Aurea 0114-05 - Nicolas, Jesusa who are not. If we succeed in faced with the same problem of 0563-06 - Gevero, Edgar 0477-06 - Nipa, Evelyn recruiting the numerous associations having not enough members buying 0096-05 - Gevero, Epifania 0148-05 - Nogadas, Dolores and really make them aware of our from their own store. We have been 0404-06 - Gloria, Delia 0518-06 - Obzunar, Karen goals, we will be able to improve the trying to keep our prices as low as 0049-05 - Gonzalo, Caridad 0032-5 - Ocampo,Exaltacion capital structure of the Cooperative.