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Monday, April 21, 2008 |
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EDITORIAL
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Deeper into the woods
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THERE is nothing to crow about Standard & Poor’s recent
decision to affirm the Philippines’ credit rating. As things
stand, the country is still considered a pariah in the international
financial community given the its below-investment grade rating.
Despite last year’s two-decade record economic
expansion and the government’s success in trimming its budget
deficit to P12 billion, or way below the P63 billion ceiling for the
period, its bonds or debt papers are still considered junk and fetch
higher interest rates to attract enough investors in these IOUs.
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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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NPA arms supplier no
more
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For decades the communist-led New People’s Army has sourced its
weapons from government security forces. The NPA had attempted, at
least twice, to ship firearms from abroad during the 1970s—but
these clandestine ventures flopped.
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OPEN
NOTEBOOK
By Random Jottings
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Topic of rice causing severe indigestion
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IF there is one thing certain to give anyone a severe bout of
indigestion these days it is any discussion on the soaring price of
rice that is in danger of putting this most basic of staples out of
the reach of many Filipino dining tables.
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ENTHUSIASMS
& FOREBODINGS
By Rene Q. Bas
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Mar Roxas on rice
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The most sensible words lately from a national politician talking
about the rice situation seem to be coming from Sen. Mar Roxas.
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DOUBLE
TAKE
By Eric F. Mallonga
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The Prada Pope
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CARDINAL JOSEF RATZINGER, now Pope Benedict XVI, has been
playfully dubbed the “Prada Pope” after the supposed maker of
the ruby red shoes he has been wearing to his most important events
since he ascended St. Peter’s throne in 2005.
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INSIDE
CONGRESS
By Efren L. Danao
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RP’s woes also felt
by rich countries
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LAS VEGAS: The Philippines is suffering from high prices of food and
fuel, but it is not weeping alone for these woes. The price squeeze
is being felt even in the United States, particularly in this city
which is among its fastest growing urban centers, despite its having
no state tax.
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From the Pope’s address
to US interreligious leaders
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Americans have always valued the ability to worship freely and in
accordance with their conscience. Alexis de Tocqueville, the French
historian and observer of American affairs, was fascinated with this
aspect of the nation.
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