More than a year after, DTI has finally decided to file administrative charges to the show and producers of Wilyonaryo. Interestingly, the show was not accused of cheating or having the deliberate intention of mispresenting the rules. Rather it was due to "a reasonable likelihood of error and provided the host and organizers significant latitude in controlling the outcome of the contest".
Pretty safe if you ask me. Well at least DTI had the courage to file charges no matter how petty.
So how did they come up with 209,000? I have no idea. I looked at Consumers Act or R.A. 7394. To my surprise, majority of the fines is worth a staggering 10,000 pesos. Actually only one was worth 20,000, in Article 95.
This means the show should have violated the clauses 20.1 times. Hmmm, didn't the scandal happen on the game portion's maiden broadcast? I was expecting the fine to be 2M honestly, wasn't that the source of controversy? Actually, I am surprised that ABS did not just give the jackpot to the contestant, to save them from yet another big controversy.
So, for Willie whose alleged vehicle tax has 7-digits, 209k is nothing. Who gets the money? DTI? I hope the contestant who got cheated, because for that person 209k is a lot of things.
Friday, October 17, 2008
105000 Euros Series #2 - What to Purchase
Even in Eat Bulaga's Taktak or in a school's formal theme assignment, we are often asked how we plan to spend a million. Obviously, 95% of the answers will be related to helping the family.
But if you have 7Million Pesos or 105000 Euros, what can you buy?
Assuming you are traveling to Europe, and that you intend to consume the entire amount, then the web has a lot of options for you:
1) Why not live in the lap of luxury and join the circle of the rich and famous and purchase a nice sailboat? Very few things are more relaxing than sailing the Baltic Sea. Not sure if you can do the same in Volga in Russia. Check the link below.
A nice 1978 Sailboat
http://mvpalma1.com/contactme.html
2) Why not invest in European real-estate. Many say it is a bad time. But I am an advocate of Buffet and actually believe that this is the right time to invest on land properties. Why not...
A 3-room apartment in Germany
http://www.west-real.at/website/websitemodul/upload/179889503_basicdatawr.pdf
3) If it is a potentially-rewarding business that is culinary-related you want, then join the exciting night-life in Spain. Visit any major streets in any of Spain's major cities at 10pm, then you know what I'm taking about. While in spain, never be without wine, so...
A bar-restaurant in Spain
http://www.spanishbars.com/property/10962
4) Of course if you have debts, then I understand you have to pay for it first. For example, you definitely need to liquidate credit-line especially if it is against a military supplier. You don't want to mess with the mafia, especially if it is the Russian lot. Just as an example of course.
Especially if controversy is clouding a pre-approved Military Official Agreement, and ammunitions and weapons have been distributed to constituents way before hand. The ammunitions are well-working as you probably saw in the news - deaths and fear across the big island. So you can't return nor exchange - time to pay-up.
But sorry, I do not have a link for that.
But if you have 7Million Pesos or 105000 Euros, what can you buy?
Assuming you are traveling to Europe, and that you intend to consume the entire amount, then the web has a lot of options for you:
1) Why not live in the lap of luxury and join the circle of the rich and famous and purchase a nice sailboat? Very few things are more relaxing than sailing the Baltic Sea. Not sure if you can do the same in Volga in Russia. Check the link below.
A nice 1978 Sailboat
http://mvpalma1.com/contactme.html
2) Why not invest in European real-estate. Many say it is a bad time. But I am an advocate of Buffet and actually believe that this is the right time to invest on land properties. Why not...
A 3-room apartment in Germany
http://www.west-real.at/website/websitemodul/upload/179889503_basicdatawr.pdf
3) If it is a potentially-rewarding business that is culinary-related you want, then join the exciting night-life in Spain. Visit any major streets in any of Spain's major cities at 10pm, then you know what I'm taking about. While in spain, never be without wine, so...
A bar-restaurant in Spain
http://www.spanishbars.com/property/10962
4) Of course if you have debts, then I understand you have to pay for it first. For example, you definitely need to liquidate credit-line especially if it is against a military supplier. You don't want to mess with the mafia, especially if it is the Russian lot. Just as an example of course.
Especially if controversy is clouding a pre-approved Military Official Agreement, and ammunitions and weapons have been distributed to constituents way before hand. The ammunitions are well-working as you probably saw in the news - deaths and fear across the big island. So you can't return nor exchange - time to pay-up.
But sorry, I do not have a link for that.
105000 Euros Series #1 - Carrying Option
The first question is why would you carry 105000 euros cash in your hand-carry? Have you heard of travelers cheques, manager's check or ATM?
Ah! Oh of course, if you don't want paper trail, then that could be difficult. But come to think of it, the decision to carry Euros is the most efficient idea in terms of transporting pieces of banknotes. If it is any consolation, we are assured that a person from an intelligence group has intelligence, at least mathematically.
Hypothetically, say you are traveling to an Eastern European country, then you must know that the currency in Eastern Europe (say Russia) is not Euros. They do accept Euros of course, but practically any other Europen currencies as well.
The trick is knowing that there is a 500 Euro bill. So you only need to carry 210 pieces only. US Dollars will be accepted in Russia, as in any other country in the world. But you know that the Euro is almost twice the value of the US$. Also, there is no 500US$bill. If you were to convert the amount to US$, you would have to carry 210 x 2 x 5 = 2,100 banknotes. Not efficient.
Next best bet is to exchange it to British Pounds, which will be 105000Euros = 81,672.7 GBP. Only issue is that the biggest Pound banknote in terms of value is 100, which means you carry at least 818 pieces of banknotes. Still a lot.
So, in summary, smart decision to carry 210 pieces of Euro banknotes.
What I don't understand is why 1 person would carry all 210 pieces? If you are traveling with a colleague, and your wife, and your colleague's wife, and assuming you are going on a similar mission, wouldn't it be more practical to divide the 210 pieces amongst the 4 of you - roughly 52 pieces of banknotes? Of course, it will still be ~26,000 Euros per person(or 1MPesos), but it still is 52 pieces.
If you are carrying a book, you can easily slip 10 pieces in between pages. Put 5 on your make-up/tooth-brush kit. Some inside your socks, not shoes! Some on the front pocket of your shirt or pants and the others in your wallet/purse of course.
Unless of course, the other people you are traveling with does not know the mission. Maybe you are the only one who knows what you are supposed to do with the money. Well, you and another female official. But that is a different story.
Ah! Oh of course, if you don't want paper trail, then that could be difficult. But come to think of it, the decision to carry Euros is the most efficient idea in terms of transporting pieces of banknotes. If it is any consolation, we are assured that a person from an intelligence group has intelligence, at least mathematically.
Hypothetically, say you are traveling to an Eastern European country, then you must know that the currency in Eastern Europe (say Russia) is not Euros. They do accept Euros of course, but practically any other Europen currencies as well.
The trick is knowing that there is a 500 Euro bill. So you only need to carry 210 pieces only. US Dollars will be accepted in Russia, as in any other country in the world. But you know that the Euro is almost twice the value of the US$. Also, there is no 500US$bill. If you were to convert the amount to US$, you would have to carry 210 x 2 x 5 = 2,100 banknotes. Not efficient.
Next best bet is to exchange it to British Pounds, which will be 105000Euros = 81,672.7 GBP. Only issue is that the biggest Pound banknote in terms of value is 100, which means you carry at least 818 pieces of banknotes. Still a lot.
So, in summary, smart decision to carry 210 pieces of Euro banknotes.
What I don't understand is why 1 person would carry all 210 pieces? If you are traveling with a colleague, and your wife, and your colleague's wife, and assuming you are going on a similar mission, wouldn't it be more practical to divide the 210 pieces amongst the 4 of you - roughly 52 pieces of banknotes? Of course, it will still be ~26,000 Euros per person(or 1MPesos), but it still is 52 pieces.
If you are carrying a book, you can easily slip 10 pieces in between pages. Put 5 on your make-up/tooth-brush kit. Some inside your socks, not shoes! Some on the front pocket of your shirt or pants and the others in your wallet/purse of course.
Unless of course, the other people you are traveling with does not know the mission. Maybe you are the only one who knows what you are supposed to do with the money. Well, you and another female official. But that is a different story.
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