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	<title>deadweight losses</title>
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	<description>misfortunes of an unfortunate economics student</description>
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		<title>deadweight losses</title>
		<link>http://loconomista.wordpress.com</link>
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		<title>chipped</title>
		<link>http://loconomista.wordpress.com/2008/03/26/chipped/</link>
		<comments>http://loconomista.wordpress.com/2008/03/26/chipped/#comments</comments>
		<pubDate>Wed, 26 Mar 2008 06:39:06 +0000</pubDate>
		<dc:creator>loconomista</dc:creator>
				<category><![CDATA[Uncategorized]]></category>

		<guid isPermaLink="false">http://loconomista.wordpress.com/?p=15</guid>
		<description><![CDATA[Recently i have been tagged by a fellow wordpress blogger. Not that I am into Tagging or Linking but the issue seems critical.
Daren Fonda, last2005, wrote an article  on Times Magazine about the phenomenon of Bio chipping.
&#8220;If someone proposed injecting a computer chip in your arm and said it could save                 [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=loconomista.wordpress.com&blog=2613083&post=15&subd=loconomista&ref=&feed=1" />]]></description>
			<content:encoded><![CDATA[<div class='snap_preview'><br /><p>Recently i have been tagged by a fellow wordpress blogger. Not that I am into Tagging or Linking but the issue seems critical.</p>
<p>Daren Fonda, last2005, wrote an article  on Times Magazine about the phenomenon of Bio chipping.</p>
<p>&#8220;If someone proposed injecting a computer chip in your arm and said it could save                     your life, would you do it&#8221;?</p>
<p>It was in the year 2000 when I first heard of this &#8220;666 thing&#8221; of identifying people. I could still remember the rants of people that the world&#8217;s gonna crash. Right now, I know it is 2008  and  earth;s still part of the sun system.</p>
<p>The issue  had never affected the Philippines, not since this National ID System was proposed by the National Government.</p>
<p>740 million for Unified ID system?</p>
<p>The government seems not to learn from the lesson that ZTE scandal has brought them. Why invest in such programs when people don&#8217;t even know how to write their names and don&#8217;t care what these micro chips are?</p>
<p>Are we heading for another corrupt program from the administration?</p>
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		<title>ebooks,bill gates and rants</title>
		<link>http://loconomista.wordpress.com/2008/02/19/12/</link>
		<comments>http://loconomista.wordpress.com/2008/02/19/12/#comments</comments>
		<pubDate>Tue, 19 Feb 2008 10:00:58 +0000</pubDate>
		<dc:creator>loconomista</dc:creator>
				<category><![CDATA[UP]]></category>
		<category><![CDATA[blogging]]></category>
		<category><![CDATA[books]]></category>
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		<category><![CDATA[life]]></category>
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		<guid isPermaLink="false">http://loconomista.wordpress.com/2008/02/19/12/</guid>
		<description><![CDATA[Recently, I am having no time to read books so I settled myself for some brief reading ebooks from the internet.
No. I am still currently following my &#8220;one-book-per-week&#8221; policy(the last book I bought is a semi-biography of Sherlock Holmes) but decided to just let those books stuck up first then read them once I have [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=loconomista.wordpress.com&blog=2613083&post=12&subd=loconomista&ref=&feed=1" />]]></description>
			<content:encoded><![CDATA[<div class='snap_preview'><br /><p>Recently, I am having no time to read books so I settled myself for some brief reading ebooks from the internet.</p>
<p>No. I am still currently following my &#8220;one-book-per-week&#8221; policy(the last book I bought is a semi-biography of Sherlock Holmes) but decided to just let those books stuck up first then read them once I have settled all academic nuances done. But as you can see, I can&#8217;t help myself away from reading non-economics and non-business books since I have doubled my time bloghopping and reading online articles.</p>
<p>It&#8217;s currently a trend now to just download ebooks especially for businessmen who can&#8217;t give a  time to read. Companies are paid nowadays to summarize books since the demand for ebooks increases as people gets busier and more stressed. Last Friday(BA180.1 class), our speaker from this online company summarizing books earns around $30,000 a month just on the advertisements on their sites. So what more if we add their revenue from their book summaries?</p>
<p>Well the last thing I read was Bill Gates&#8217;<i> <b><font color="#993300">11 thing you did not and will not learn in school</font> </b></i>delivered to some high school students in the US. These are the 11 rules this multi billionaire taught these highschoolers.</p>
<p><span style="font-size:100%;"><span style="font-weight:bold;font-family:trebuchet ms;" class="gmail_quote"><span style="color:maroon;"><span style="color:maroon;">Rule          1</span></span><b></b></span></span><span style="font-size:100%;"><span style="font-weight:bold;font-family:trebuchet ms;" class="gmail_quote"><b> : Life is          not fair &#8211; get used to it! </b><span style="color:maroon;"><span style="color:maroon;"> </span></span></span></span><br />
<span style="font-size:100%;"><span style="font-weight:bold;font-family:trebuchet ms;" class="gmail_quote"><span style="color:maroon;"><span style="color:maroon;"></span></span></span></span><br />
<span style="font-size:100%;"><span style="font-weight:bold;font-family:trebuchet ms;" class="gmail_quote"><span style="color:maroon;"><span style="color:maroon;">Rule          2</span></span><b> : The world won&#8217;t care about your self-esteem. The world will expect you to accomplish something BEFORE you feel good about yourself. </b><span style="color:maroon;"><span style="color:maroon;"> </span></span></span></span><br />
<span style="font-size:100%;"><span style="font-weight:bold;font-family:trebuchet ms;" class="gmail_quote"><span style="color:maroon;"><span style="color:maroon;"></span></span></span></span><br />
<span style="font-size:100%;"><span style="font-weight:bold;font-family:trebuchet ms;" class="gmail_quote"><span style="color:maroon;"><span style="color:maroon;">Rule          3</span></span><b> : You will NOT make $60,000 a year right out of high school. You won&#8217;t be a vice-president with a car phone until you earn both. </b><span style="color:maroon;"><span style="color:maroon;"> </span></span></span></span><br />
<span style="font-size:100%;"><span style="font-weight:bold;font-family:trebuchet ms;" class="gmail_quote"><span style="color:maroon;"><span style="color:maroon;"></span></span></span></span><br />
<span style="font-size:100%;"><span style="font-weight:bold;font-family:trebuchet ms;" class="gmail_quote"><span style="color:maroon;"><span style="color:maroon;">Rule          4</span></span><b> :  If you think          your teacher is tough, wait till you get a boss.</b> <span style="color:maroon;"><span style="color:maroon;"> </span></span></span></span><br />
<span style="font-size:100%;"><span style="font-weight:bold;font-family:trebuchet ms;" class="gmail_quote"><span style="color:maroon;"><span style="color:maroon;"></span></span></span></span><br />
<span style="font-size:100%;"><span style="font-weight:bold;font-family:trebuchet ms;" class="gmail_quote"><span style="color:maroon;"><span style="color:maroon;">Rule          5</span></span><b> : Flipping burgers is not beneath your dignity. Your Grandparents had a different word for burger flipping: they called it opportunity. </b><span style="color:maroon;"><span style="color:maroon;"> </span></span></span></span><br />
<span style="font-size:100%;"><span style="font-weight:bold;font-family:trebuchet ms;" class="gmail_quote"><span style="color:maroon;"><span style="color:maroon;"></span></span></span></span><br />
<span style="font-size:100%;"><span style="font-weight:bold;font-family:trebuchet ms;" class="gmail_quote"><span style="color:maroon;"><span style="color:maroon;">Rule          6</span></span><b> :  If you mess          up, it&#8217;s not your parents&#8217; fault, so don&#8217;t whine about your mistakes,          learn from them. </b><span style="color:maroon;"><span style="color:maroon;"></span></span></span></span><br />
<span style="font-size:100%;"><span style="font-weight:bold;font-family:trebuchet ms;" class="gmail_quote"><span style="color:maroon;"><span style="color:maroon;"></span></span></span></span><br />
<span style="font-size:100%;"><span style="font-weight:bold;font-family:trebuchet ms;" class="gmail_quote"><span style="color:maroon;"><span style="color:maroon;">Rule 7          </span></span><b> : Before you were born, your parents weren&#8217;t as boring as they are now. They got that way from paying your bills, cleaning your clothes and listening to you talk about how cool you thought you were. So before you save the rain forest from the parasites of your parent&#8217;s generation, try delousing the closet in your own room. </b><span style="color:maroon;"><span style="color:maroon;"> </span></span></span></span><br />
<span style="font-size:100%;"><span style="font-weight:bold;font-family:trebuchet ms;" class="gmail_quote"><span style="color:maroon;"><span style="color:maroon;"></span></span></span></span><br />
<span style="font-size:100%;"><span style="font-weight:bold;font-family:trebuchet ms;" class="gmail_quote"><span style="color:maroon;"><span style="color:maroon;">Rule          8</span></span><b> : Your school may have done away with winners and losers, but life HAS NOT. In some schools, they have abolished failing grades and they&#8217;ll give you as MANY TIMES as you want to get the right answer. This doesn&#8217;t bear the slightest resemblance to ANYTHING in real life. </b><span style="color:maroon;"><span style="color:maroon;"> </span></span></span></span><br />
<span style="font-size:100%;"><span style="font-weight:bold;font-family:trebuchet ms;" class="gmail_quote"><span style="color:maroon;"><span style="color:maroon;"></span></span></span></span><br />
<span style="font-size:100%;"><span style="font-weight:bold;font-family:trebuchet ms;" class="gmail_quote"><span style="color:maroon;"><span style="color:maroon;">Rule          9</span></span><b> : Life is not divided into semesters. You don&#8217;t get summers off and very few employers are interested in helping you FIND YOURSELF. Do that on your own time. </b><span style="color:maroon;"><span style="color:maroon;"> </span></span></span></span><br />
<span style="font-size:100%;"><span style="font-weight:bold;font-family:trebuchet ms;" class="gmail_quote"><span style="color:maroon;"><span style="color:maroon;"></span></span></span></span><br />
<span style="font-size:100%;"><span style="font-weight:bold;font-family:trebuchet ms;" class="gmail_quote"><span style="color:maroon;"><span style="color:maroon;">Rule          10</span></span><b> :  Television          is NOT real life. In real life people actually have to leave the coffee          shop and go to jobs. </b><span style="color:maroon;"><b></b><span style="color:maroon;"> </span></span></span></span><br />
<span style="font-size:100%;"><span style="font-weight:bold;font-family:trebuchet ms;" class="gmail_quote"><span style="color:maroon;"><span style="color:maroon;"></span></span></span></span><br />
<span style="font-size:100%;"><span style="font-weight:bold;font-family:trebuchet ms;" class="gmail_quote"><span style="color:maroon;"><span style="color:maroon;">Rule          11</span></span><b> :   Be nice to          nerds. Chances are you&#8217;ll end up working for one</b></span></span></p>
<p>The last rule was soooooooo &#8220;it-make-me-laugh-soooooo-hard&#8221; line.From now on, I&#8217;ll be nicer to Kuya Brylle and those on the same bracket as him.XD</p>
<p>Right now I am being bothered by <a href="http://en.wiktionary.org/wiki/epistaxis">epistaxis</a>.  Nose bleed in layman&#8217;s term. For the past week that I have been going to bed at 3 am then waking up at 6, I have my nose bleeding twice. First, the night before the exam on Public Economics and second when I was taking a bath before the exam in Accounting. I have been asking everyone if there&#8217;s this connection between not having enough sleep and nosebleeding but found no concrete answer.</p>
<p>I&#8217;ve searched through the net but found no answer. Better call the doctor later.</p>
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		<title>timed</title>
		<link>http://loconomista.wordpress.com/2008/02/16/timed/</link>
		<comments>http://loconomista.wordpress.com/2008/02/16/timed/#comments</comments>
		<pubDate>Sat, 16 Feb 2008 04:43:06 +0000</pubDate>
		<dc:creator>loconomista</dc:creator>
				<category><![CDATA[Uncategorized]]></category>

		<guid isPermaLink="false">http://loconomista.wordpress.com/2008/02/16/timed/</guid>
		<description><![CDATA[
You are the moment when the last bell rings and school lets out for the day. You are resistant to schedules and obligations, so you love feeling like you&#8217;re in control of your life again. You are the very moment when the second hand hits the 12, and the halls fill with noise and motion. [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=loconomista.wordpress.com&blog=2613083&post=10&subd=loconomista&ref=&feed=1" />]]></description>
			<content:encoded><![CDATA[<div class='snap_preview'><br /><p align="center"><a href="http://loconomista.files.wordpress.com/2008/02/315.gif" title="315.gif"><img src="http://loconomista.files.wordpress.com/2008/02/315.gif" alt="315.gif" /></a></p>
<p>You are the moment when the last bell rings and school lets out for the day. You are resistant to schedules and obligations, so you love feeling like you&#8217;re in control of your life again. You are the very moment when the second hand hits the 12, and the halls fill with noise and motion. Even if your after-school time is packed with activities, lessons, or a job, somehow, you just feel freer in the late afternoon than you do earlier in the day. Maybe it&#8217;s all that blue sky and afternoon sunshine? Nah &#8212; even on rainy days, 3:15 is always a beautiful time.</p>
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		<title>moderate greed</title>
		<link>http://loconomista.wordpress.com/2008/02/15/moderate-greed/</link>
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		<pubDate>Fri, 15 Feb 2008 16:47:21 +0000</pubDate>
		<dc:creator>loconomista</dc:creator>
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		<guid isPermaLink="false">http://loconomista.wordpress.com/?p=8</guid>
		<description><![CDATA[On mondays and thursdays, I spend my afternoon at Learning Links Katipunan to finish 30 hours of public service required for CWTS2. You know the typical community sponsored(and government sponsored during elections) day care centers having lazy students do the tutoring. Well, I am not assigned to teach, rather to do the &#8220;materials&#8221;. Cool? That [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=loconomista.wordpress.com&blog=2613083&post=8&subd=loconomista&ref=&feed=1" />]]></description>
			<content:encoded><![CDATA[<div class='snap_preview'><br /><p>On mondays and thursdays, I spend my afternoon at Learning Links Katipunan to finish 30 hours of public service required for CWTS2. You know the typical community sponsored(and government sponsored during elections) day care centers having lazy students do the tutoring. Well, I am not assigned to teach, rather to do the &#8220;materials&#8221;. Cool? That means cleaning up mess and arranging dusty books.</p>
<p>The latest I have to do is to stack up all the new donated books by the Lucio Tan Foundation.But actually, I spent more time reading the books rather than doing an inventory. Imagine Austen&#8217;s Sense and Sensibility in a kid-friendly edition and Stevenson&#8217;s Treasure Island in summary. Funny how LTF gives this kind of books to kids who can&#8217;t even read straight tagalog. How i wish someone would be willing to buy me every books i want.No, I am not greedy. But I&#8217;ll try to be moderate.</p>
<p>On my way back to UP, I took the jeepney since it&#8217;s still early for my next class and I am currently broke. As much as possible, I sit next to the driver after the hold-up experience I had weeks ago. So there I was at the front sit, waiting for the jeep to go.</p>
<p>But greedy people are really so nice. My butt started to feel numb but the jeep was till stuck in front of Miriam College because of this MMDA men negotiating with the jeepney driver.</p>
<p>To you Mr. Abalos(I saw his plate name) of MMDA police, please be informed that Katipunan is one of the less violence-prone area in UP area and people in UAve and CP Garcia needs your help more. Secondly, I already experienced being issued a &#8220;ticket&#8221; and I know that it doesn&#8217;t take an hour to do that if the policeman is honest and not waiting for bribe. Third thing I noticed and would never forget, please be reminded that the flag of the Philippines is in your uniform and supposed to live with it. Lastly, please, moderate your greed.</p>
<p>Come to think of it, how do you recognize the line between moderate greed and just plain greed. Or am I right if I assume that levels of greediness are only existing in the government? Maybe Lozada or Neri have better answers.</p>
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		<title>Inflation at 4.9</title>
		<link>http://loconomista.wordpress.com/2008/02/08/inflation-at-49/</link>
		<comments>http://loconomista.wordpress.com/2008/02/08/inflation-at-49/#comments</comments>
		<pubDate>Fri, 08 Feb 2008 15:07:59 +0000</pubDate>
		<dc:creator>loconomista</dc:creator>
				<category><![CDATA[economics]]></category>
		<category><![CDATA[rants]]></category>

		<guid isPermaLink="false">http://loconomista.wordpress.com/?p=7</guid>
		<description><![CDATA[Would this mean cutting chocolates and junk foods? Or an implication of an upcoming recession?
sad.sad.sad
The government says that the US slowdown won&#8217;t affect us. I say, inflation can affect/reduce weight.
       <img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=loconomista.wordpress.com&blog=2613083&post=7&subd=loconomista&ref=&feed=1" />]]></description>
			<content:encoded><![CDATA[<div class='snap_preview'><br /><p>Would this mean cutting chocolates and junk foods? Or an implication of an upcoming recession?</p>
<p>sad.sad.sad</p>
<p>The government says that the US slowdown won&#8217;t affect us. I say, inflation can affect/reduce weight.</p>
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		<title>The Economics of Divisoria</title>
		<link>http://loconomista.wordpress.com/2008/01/27/the-economics-of-divisoria/</link>
		<comments>http://loconomista.wordpress.com/2008/01/27/the-economics-of-divisoria/#comments</comments>
		<pubDate>Sun, 27 Jan 2008 14:07:44 +0000</pubDate>
		<dc:creator>loconomista</dc:creator>
				<category><![CDATA[economics]]></category>
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		<guid isPermaLink="false">http://loconomista.wordpress.com/?p=6</guid>
		<description><![CDATA[Last Saturday, I went with my mother and sister to Divisoria to look for &#8220;cheaper&#8221; products. I don&#8217;t want to go at first but my sister won&#8217;t stop bugging me to go with her to trinoma afterwards to watch Alvin and the Chipmunks. I was hesitant but was convinced even though I know  I [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=loconomista.wordpress.com&blog=2613083&post=6&subd=loconomista&ref=&feed=1" />]]></description>
			<content:encoded><![CDATA[<div class='snap_preview'><br /><p>Last Saturday, I went with my mother and sister to Divisoria to look for &#8220;cheaper&#8221; products. I don&#8217;t want to go at first but my sister won&#8217;t stop bugging me to go with her to trinoma afterwards to watch Alvin and the Chipmunks. I was hesitant but was convinced even though I know  I will be facing traffic, lot of pollution and a chance to see a snatcher or unluckily, be snatched.</p>
<p>It&#8217;s not the first time I went to Divisoria. I could still remember how my mom would bug me to go with her everytime we would visit Manila when I was still in HS. It&#8217;s a feast before for me to see such cheap products compared to how much i pay for the copyrights and taxes in shopping malls but there came a time that I felt that my marginal propensity to consume products in divisoria to slope negatively.</p>
<p>First, I hate the way we travel from Project4 QC to Tutuban area in Manila. Imagine the distance from Gateway Cubao to 168 shopping mall. You have to take the LRT then  take a cab or Jeep to Tutuban, then walk about 100 meters to 168 mall. Aside from the fact that the LRT system is not a good public government investment(imagine paying 12 pesos for a 40 worth of ride and letting people from Mindanao,who are not using the LRT, pay tax for the train), I hate the place more and more.</p>
<p>We can&#8217;t even see a cab! All you can see are jeeps, jeeps and more jeeps. Its a good thing that the LRT station is just on the route of those jeeps  going to Divisoria. Negative Externalities are around-the smokes, trashes, poos and the not so nice smell of the place. Worse,last saturday we have to walk under the scorching heat of the sun since the damn jeepney driver made stop 2 blocks away from 168.</p>
<p>Lastly, I have a confession.</p>
<p>I have this fascination of looking at Chinese stuffs like whitening soap and face products.Not that I want to use one but It leaves me wondering who the heck buy those products which is being endorsed by starlets Iwa Moto and worse, singer-dancer-comediane-exhibitionist-faggot looking Mystica. It was really a total laugh when i saw that poster of Mystica. I wonder if the advertiser of that product thought of the concept of reverse psychology or he just wanted to give shoppers a laugh.</p>
<p>Right now, I an still not convinced by the low price in Divi. The fact that I don&#8217;t know why the prices are low(think of tax evasion and illegal smuggling and the loss in GDP it makes) and thinking of these products with labels I can&#8217;t understand (think of the a supply and demand curve without the right labels) give me creeps.</p>
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		<title>the 5th</title>
		<link>http://loconomista.wordpress.com/2008/01/25/the-5th/</link>
		<comments>http://loconomista.wordpress.com/2008/01/25/the-5th/#comments</comments>
		<pubDate>Fri, 25 Jan 2008 06:23:20 +0000</pubDate>
		<dc:creator>loconomista</dc:creator>
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		<guid isPermaLink="false">http://loconomista.wordpress.com/?p=4</guid>
		<description><![CDATA[After having almost five blogs(multiply, blogger, friendster, and another blogger account) and mantaining only two of them, i never encoutered the profession &#8220;economist&#8221; every time i was asked for a personal information.
You would see accounting, medicine and management, but no economics.
for almost a year of active blogging and bloghopping, i have encountered every possible type [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=loconomista.wordpress.com&blog=2613083&post=4&subd=loconomista&ref=&feed=1" />]]></description>
			<content:encoded><![CDATA[<div class='snap_preview'><br /><p>After having almost five blogs(multiply, blogger, friendster, and another blogger account) and mantaining only two of them, i never encoutered the profession &#8220;economist&#8221; every time i was asked for a personal information.</p>
<p>You would see accounting, medicine and management, but no economics.</p>
<p>for almost a year of active blogging and bloghopping, i have encountered every possible type of blogs web2.0 has to offer.</p>
<p>From humor blogs of Maru and Doodles(whom i share the same province, Isabela) to politically relevant ones of the professionalheckler and even to some erotically inclined blogs and showbiz posts of Starmometer, I never encountered someone who seems to care more on the economic side of a thing.</p>
<p>Readers love light and at most, fun reading.I love thinking critically.</p>
<p>Dubner and Levitt have their Freakonomics.</p>
<p>I have my Loconomics.</p>
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