Thursday, March 22, 2012

CORONING is the New CRONY


After the popularity of the term "NOYNOYING" which subtly referring to the inactivity of the Philippine President Benigno Aquino III or PNoy to the economic problems of the country, another term is also circulating in the social networking site. The term is "CORONING" which refers to the close relationship of Chief Justice Renato Corona with ex-President (in Question) Gloria Macapagal Arroyo for beneficial favors and vice versa.


Coroning is closely related to the term CRONY which is a" term describing an economy in which success in business depends on close relationships between business people and government officials. It may be exhibited by favoritism in the distribution of legal permits, government grants, special tax breaks, and so forth as described in WIKIPEDIA. The term also refers to the person in the relationship with the government.

The term crony became popular during the regime of President Ferdinand Marcos. With Coroning, appointees of the President will get beneficial treatment if they engage in business and other economic endeavor.

Chief Justice Renato Corona is currently under impeached proceedings with the Senate while then President Gloria Macapagal-Arroyo is under hospital arrest for election sabotage.

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