Thursday 21 January 2016

QC Councilor Roderick Paulate, dismissed from public office

QC Councilor Roderick Paulate, dismissed from public office

Quezon City Councilor Roderick Paulate and three others were charged guilty by Ombudsman Conchita Carpio-Morales for falsification of official documents, serious dishonesty, conduct prejudicial to the best interest of the service, and grave misconduct.

"Paulate and 1st District Rep. Francisco Calalay Jr., as well as liaison officers Flordeliza Alvarez and Vicente Bajamunde, are perpetually disqualified from holding public office. Their civil service eligibilities are also cancelled, and their retirement benefits forfeited", the report noted.

According to a report by ABS-CBN News, Paulate and Calalay hired sixty “ghost contractual employees” who occupied various positions such as field inspectors, district coordinators and office aides. They also received salaries ranging from P5,000 to P10,000.

The investigation also found out that there were no birth certificates and NBI clearances submitted when the “employees” applied only endorsement letters. Their signatures are also inconsistent.

“Alvarez and Bajamunde were the ones who claimed the processed payrolls from the disbursing officer to have them signed by the supposed listed job contractors, returned the signed payrolls to the disbursing officer, and collected the full amount. They, however, failed to satisfactorily explain why each job contractor had different signatures appearing in the subject payrolls,” the decision read.


By Pinoy Showbiz Daily

The Big Short Review: A Cautionary Movie About The 2008 Financial Crisis In The U.S.


THE OSCAR-nominated film, “The Big Short”, is now being shown in a few local theatres and if you’re a movie buff who doesn’t just like the usual kababawan but also go for films with more serious content, we advise you to see it right away. It certainly won’t last very long in our theaters simply because a lot of local viewers won’t be able to understand it, even if Director Adam McKay tries his best to explain everything technical in it in layman’s terms.

It’s about the 2008 global financial crisis and is based on Michael Lewis’ book, “The Big Short: Inside the Doomsday Machine” (he also wrote “Moneyball”). The film is told from the point of view of some bright investors who saw the unstable foundation of subprime mortgages not foreseen by even America’s Treasury officials and its biggest banks. These wheeler dealers end up raking in a lot of money from the financial system’s meltdown.

First is Michael Burry (Christian Bale), an eccentric neurologist who goes into the stock market. Then there’s banker Jared Vennett (Ryan Gosling) and broker Mark Baum (Steve Carell) who go into the credit default swap business. There are also two younger men new into investments, Charles Geller (John Magaro) and Jamie Shipley (Finn Wittrock), who start their business in a garage and join the game with the help of a semi-retired broker, Ben Rickert (Brad Pitt).


By Mario Bautista: Showbiz Portal

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