Dec. 10, 2020
Today is Ma. Elena G. Macario’s 10th death anniversary. It is in her honor that I founded the M.E.G. Macario Foundation.
Founded in 2013, the Maria Elena G. Macario Foundation aims to fund charitable activities, among others such as the LESSENING the BURDENS of GOVERNMENT, ADVANCEMENT of EDUCATION and/or SCIENCE, ELIMINATING PREJUDICE and DISCRIMINATION, REGAINING, DEFENDING HUMAN and CIVIL RIGHTS rights.
At that time, the Philippines was going through the worst power crisis ever caused by the Cory Aquino government’s refusal to operate the Bataan Nuclear Power Plant.
Maria Elena took care of the technical aspect of the project while I provided marketing recommendations, financial and cost calculations to ensure the success of the project.
Please bear in mind 1992, was the dawn of globalization. American companies were not familiar with international business or even U.S. laws governing the conduct of US businesses overseas such as the dreaded Foreign Corrupt Practices Act.
Then there was the currency crises of the 1990’s. I saw to it these projects will be immune from the coming 1997 Asian currency crisis.
She was not given credit for all her work in securing Magma’s first overseas BoT contracts.
Her office manager WALTER HAENGGI WAS SO DISGUSTED THAT HE RESIGNED, LEFT THE USA AND MOVED TO GERMANY.
After CalEnergy took over Magma Power in 1994, I was laid off and my wife was transferred to Ridgecrest, CA.
We looked for lawyers who would take our case and it turned out there’s the American Bar ASSOCIATION. No matter how meritorious your case maybe there’s lawyer’s guild that big BAR you’d have to overcome. Who will take our case when practically everyone above ground is against us?
Sure there are laws against discrimination based on sex, race, religion, age, etc. But who among the members of the American Bar Association will take your case?
By 2010 ethnic Chinese and ethnic Spaniards own all of the geothermal industries in the Philippines and funded by the US taxpayers through the World Bank.
On Dec. 10, 2010 Maria Elena G. Macario died PENNILESS .
The 50 richest in the Philippines who did not invent, develop or discover anything remotely related to their unexplained wealth, according to Forbes Magazine, as of Aug. 26, 2015 have a combined net worth of $79.47 BILLION up from $73.1 BILLION.
Five months later this story below came out although I did not discover it until Oct. 19, 2018. I firmly believe that the $12.5 MILLION BONUS is for my late wife and I for the (BOT) Build-Operate-Transfer projects we help secure for Magma Power that was later bought by CalEnergy.
When David Sokol announced his resignation on Mar. 30, 2011, he made it clear that the Lubrizol stock purchases were not a factor. So what why did CalEnergy president resigned when it is widely rumored that Sokol is being groomed to succeed Warren Buffett?
It was only when Pres. Aquino III went to New Zealand in Oct. 2012 and cut a deal for the Philippine businesses that I learned Paul Aquino, the younger brother of the assassinated Ninoy Aquino, was in charge of privatization of PNOC-EDC where Maria Elena worked. It turned out other than oligarchs and their cronies, in the Philippines, no matter how smart you are or how hard & dedicated you work or how piously you pray, you have no future, especially women. Oligarchs can take anything they want. Washington DC is convinced the oligarchs own the Philippines.
By 2014 I found this on the internet: The richest men in the Philippines are either ethnic Chinese or ethnic Spaniard. So it is better to have Native American status and let Anglo-Saxon take care of our environment and natural resources. Correct?
Although I was active in U.K. politics for years, it was in April 2015 that I’ve joined the Conservative Party.
