The financial crisis is far from over.  After this US$700 Billion bail out comes another potential disaster with Americans spending far more than they can afford by using credit cards.  Industry analysts are pegging the bailout, if there needs to be one, at US$950 Billion!

The only good news, it seems, is that oil has finally come down to reasonable levels again- hitting US$78 per barrel, slicing down to almost 50% of its high just a month ago.  Some people think this spells bad news, that the economy is taking a turn for the worse and so investments are being pulled out.

My personal opinion is that oil shouldn’t have gone up so high in the first place.  There was no demand for it to surge to the prices it did- it was all speculation in the markets.

When will we see the end of this?  Should be soon as this latest round of bad debt potentially blowing up in America’s face seems far-fetched.  There’s a very big difference between not being able to afford to pay your mortgage and not being able to pay your credit card bill.

At the same time, its a wake up call for America that is on the magnitude of 9/11.  America’s decline is almost cemented in the stars already.  Just like the UK’s superiority waning at the turn of the 20th century, so is America’s shining beacon of light is coming to an end this 21st century.

Student athlete, Galwin Fabian, sports a blog site that covers University sports events in Manila.  He is himself a computer engineering student at our very own MIT (Mapua Institute of Technology) and a sports buff since 5 years of age! Btw, for those who don’t know where MIT is, its located in the historic site of Intramuros and is worth walking around if you’ve never been there. 

His entries are mainly about sports including the coverage of the recently held Olympics in Beijing as well as PBA Rookie Draft picks, but he also adds his own share of posts about technology, travel, and student life. We think his blog is well written and quite professional.

Check out his latest updates about - Ateneo, La Salle, FEU, and UE battling it out in the Final Four of the University Athletic Association of the Philippines (UAAP).

Some bloggers make the mistake of wanting to make money much too early in their blogging career.  As a result, no one wants to read their blogs because they are just filled with money making advertisements.  Take time to grow the content of your blog with useful information, humurous anecdotes, entertaining trivia, videos, music, what have you.  Find your voice before you plunge into making money.  It will probably only take a few months and you will have a much more solid blog, with a real following and the money will come for a much longer time than a hit and miss blog.