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BC’s Tales of the Pacific ǀ Silver Stash in Manila Bay (2)

LAST week we discussed an incident in 1942 when Americans and Filipinos dumped millions of dollars’ worth of gold and silver into Manila Bay to prevent its capture by the Japanese. After transferring what they could to an American submarine the remainder was bagged and crated, then dumped in turbul…
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Regarding the FY 2025 fiscal report

FOR the past few years, the administration’s annual fiscal report has read like 80% press release and only 20% useful information. The latest report is quite an improvement. It’s still a multi-page pat-on-the-back, but it now includes more pertinent details, some of which can be considered key data…
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Energy is the real foundation of economic development

IF we are serious about economic development, we must start with an uncomfortable truth: nothing modern functions without reliable, affordable energy. Every thriving economy — past or present — rests on a stable power system. Without it, businesses stall, costs rise, and quality of life declines.
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