The global Filipino and the goat

Sun, 03/25/2007 - 00:00
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Divine Providence has deigned to favor de Venecia and his family by allowing them to witness a few miracles, the biography says.

In December 2004, after his daughter Kristina Casimira, or KC, died in a fire at their home, de Venecia and wife Gina sought spiritual refuge at the convent of the Pink Sisters in Quezon City.

Unknown to both grieving parents, the prioress, Sister Hermenegildes, already instructed a younger sister, Incarnita, to offer prayers for KCs soul.
Except that she didnt tell anyone that her prayers for KC accompanied a personal petition. “[S]he had asked for a sign that KC was already in God’s bosom. In her prayer the young nun asked for a new pair of shoes. Her only pair was tattered and needed to be replaced,” the book said.

On January 25, 2005, the fortieth day of KCs death, the devout sisters prayers were answered. She received a pair of shoes, an indication that KC de Venecia was already in heaven. “In the pale glow of the convent light, Sister Incarnita’s eyes caught sight of a brand-new pair of shoes. They were Manay Gina’s birthday gift for Sister Hermenegildes, but they were a bit too big for her. She decided to give them to Sister Incarnita. They fit her perfectly,” the book says. “Mother, Mother Prioress, cried Sister Incarnita. You don’t know it, but this is the sign I have asked from the Lord to indicate that KS is in good hands! The shoes were delivered to the convent on January 24, the eve of KCs fortieth day of death, the day which, for the faithful, marks the ascension of the soul to heaven.”

None of these supernatural events reflect badly on de Venecia.

After all, these help embellish the latter half of the book, which resemble fairly well-written brochures filled with platitudes.

Take de Venecia’s speech during the Global Interfaith Dialogue in the United Nations in 2005. “There can be no peace between the great powers without peace between the major religions. And there can be no peace among the religions unless there is a dialogue among the religions,” the book says, quoting its subject, who, from all appearances, feel mighty important to emphasize the obvious.

It may be argued that the lackluster text may only be the result of JDVs kind of politics safe, centrist, and therefore traditional.

But one thing’s for sure, no one knows what would have happened to Philippine politics if the goat had a better aim.

*In 1987, a year after the late dictator Ferdinand Marcos, family members, and cronies left for Hawaii, the Presidential Commission on Good Government (PCGG) filed Civil Case No. 20 against de Venecia.
The case alleged that he took undue advantage of his links with Marcos to secure Landoil loans, a transaction considered behest.
The $120 million-borrowing reportedly satisfied any two or more of the following conditions: that it was either given under duress, undercollateralized, spent for other purposes, endorsed by senior government officials, used by persons associated with Marcos, and/or bankrolled programs or projects that were not deemed feasible.
To settle the case, Landoil entered into a compromise agreement with the Presidential Commission on Good Government (PCGG) in 1988.
Under the compromise, de Venecia agreed to transfer 45 percent of Landoil shares to the PCGG and the companys claim against a foreign insurance company that agreed to cover its losses arising from non-payment for its Middle East projects.
As of late 2007, a blogger familiar with the matter said that only P13 million has been reportedly received by the PCGG even as Landoil has allegedly received payments from its insurer. (Landoil reportedly demanded $700 million in compensation but it supposedly reached a settlement with its insurer.)

From the Erratum Dept.
On page 138, it says that To control inflation, de Venecia proposed a solution: reduce the reserve requirements for banks. A professor at the Asian Institute of Management and an expert at the Asian Development Bank have been consulted about this point and they both agree: the proposal is wrong.
It either should have been corrected and/or edited. Cutting bank’s reserve requirements — the amount of cash it stores in the vaults of the BSP — will increase the money supply in the financial system. A higher money supply in the system leads to increased inflation, the very thing that de Venecia’s proposal intended to reduce.

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