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Wednesday, September 19, 2007 |
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EDITORIAL
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Politics should not
stall our growth |
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TWO recent reports affirming the Philippines’ sound
macrofundamentals show the resilience of domestic growth in the face
of the turmoil in global financial markets and the looming slowdown
of the United States economy, both triggered by the problems in
America’s housing sector.
The first of the two reports
issued last week by Standard & Poor’s maintained the
Philippines’ credit rating at below investment grade with a stable
outlook, citing lingering difficulties in government’s tax
collection efforts. This means that any government borrowing for at
least the next six months would still be charged higher than usual,
translating to a heavier debt burden for Filipinos, all other things
equal.
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O T H E R C O L U M N S A
N D F E A T U R E S
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BIG DEAL
By Dan Mariano
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Evidence of
electricity price fixing
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The Wholesale Electricity Spot
Market (WESM) owes its existence to the Electric Power Industry
Reform Act (Epira) of 2001. According to its proponents, WESM would
ensure quality, reliable...
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POLICY PEEK
By Ernesto F. Herrera
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The
‘look-who’s-talking’ factor
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Of course, anyone who went
through Logic 101 knows it’s a fallacy or a mistake in reasoning.
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INSIDE CONGRESS
By Efren L. Danao
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Palace-Senate
konfrontasi inevitable
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Anew confrontation between Malacañang
and the Senate over Executive Order 464 is now inevitable after
executive officials continued to invoke it as excuse in not
attending Senate hearings.
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FROM THE NEWSROOM
By Johnna Villaviray-Giolagon
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Erap fans to the end
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Isn’t it sweet? At least 100
convicts serving time in the maximum security compound have offered
to split the maximum 40-year sentence imposed on ousted President
Joseph Estrada for plunder.
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VIRTUAL REALITY
By Tony Lopez
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Erap’s side on
plunder
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During the six years of the
plunder trial of President Joseph Estrada, the ousted leader was
given his day in court and said his piece.
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THE VERDICT ON JOSEPH E. ESTRADA
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A triumph of
justice and the rule of law?
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Being the first public official
who stood up against the former President on the issue of corruption
and abuse of power, disobeying and then exposing his unlawful
commands and directives,...
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