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Monday, January 21, 2008 |
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EDITORIAL
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Perils on the oil and credit fronts
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THE turmoil in financial markets worldwide has cast darker clouds on
economic prospects for 2008.While every Tom, Dick, and Harry already
put in their two cents’ worth on how a slowdown is inevitable not
only for the US, but also for the global economy, the extent of the
impact on households in countries like the Philippines remains
unclear.
This is partly due to the smokescreen created by
strong dollar inflows, thanks largely to overseas Filipino workers (OFWs).
A strong peso arising from this dollar surge has spared us from the
full impact of a doubling in world oil prices.
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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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Destabilization
charade backfires
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All this talk about an impending destabilization move has begun to
backfire on its peddlers. Rather than alert Filipinos to yet another
coup attempt, the “destab” yarn purveyors have only succeeded in
making themselves look ridiculous—and President Arroyo look bad.
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OPEN
NOTEBOOK
By Random Jottings
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OFWs told: Shun dollars for pesos
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GUESS none of us ever thought that in our lifetime this sort of
financial advice would be imparted by an authoritative voice to
overseas Filipino workers. But here we go, folks!
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INSIDE
CONGRESS
By Efren L. Danao
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No unity ticket in
2010
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Senators Mar Roxas and Edgardo Angara played the political
soothsayers in predicting that there will be multiple candidates for
president in 2010. In effect, they are already virtually conceding
this early that the opposition will not be able to field a single
candidate in 2010.text
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DOUBLE
TAKE
By Eric F. Mallonga
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Pardoning criminals
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PRESIDENTIAL prerogative to grant executive clemency to convicted
criminals is a constitutionally enshrined power vested in the chief
executive.
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ENTHUSIASMS
& FOREBODINGS
By Rene Q. Bas
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How to treat VIPs
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YESTERDAY The Times ran a photo a P172-million flyover project in
Baguio that “the President, Highways Secretary Hermogenes Ebdane
and officialdom,” according to Baguio Rep. Mauricio Domogan, were
supposed to have inaugurated on January 17 but didn’t.
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Thailand to have six-party coalition
govt
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BANGKOK: Six Thai political parties, led by the
People Power Party (PPP), which grabbed most MP seats in the
December 23 general election, on Saturday officially announced here
that they will form a coalition government.
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