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Friday, October 03, 2008 |
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EDITORIAL
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Pray US congressmen do as the senators did
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On Thursday October 2, the US Senate passed a $700-billion bailout
bill that President Bush and the leaders of both the Republican and
Democratic parties say will stop the US economy from falling into a
deep recession.
The bill the Senate passed is better than the
one that the US House of Representatives rejected, by a vote of 228
vs. 205, on Monday.
Opponents of the House’s bailout bill thought
their constituencies hated it. Millions of Americans had made their
feelings known—by phone calls, emails, faxes and in newspapers and
broadcast media—against the original bailout plan designed by
Treasury Secretary Henry Paulson Jr. They called it a rescue plan
for Wall Street and the troubled banks but not for the ordinary
Americans on “Main Street” who might lose their homes, bank
accounts and jobs as a result of the mismanagement of the financial
system and the greed of the companies that caused the financial
crisis.
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 Full
Story>>
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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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‘Biggest robbery in
US history’
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Observers, in the United States and elsewhere, are still baffled by
the stunning defeat suffered by the US$700-billion bailout plan in
the US House of Representatives earlier this week.
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Full
Story>>
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HEADS
UP
By Joel P. Palacios
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No need to send
auditors to the mad house
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Evil spirits haunt the new Manila International Airport, press
reports quoted unnamed officials as saying. To stop the series of
“untoward incidents” in the facility, they are looking for ways
to contact the spirits, which is scary. Many ghosts have deep
pockets and are hard to please.
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Full
Story>>
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ENTHUSIASMS
&FOREBODINGS
By Rene Q. Bas
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Newt Gingrich’s plan
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Enough messages—12 emails, phone calls, a couple of faxes—have
asked me to go ahead and write about the bailout plan of former
Speaker of the US House of Representatives Newt Gingrich, a
republican.
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Full
Story>>
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AMBIENT
VOICES
By Ma. Isabel Ongpin
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Situation favors
Democrats
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The current economic uncertainty in the US vis-à-vis the Wall
Street bailout plan and the Main Street resistance to it has
revealed the chasm between US high finance institutions and the rest
of America—the entrepreneurs, other corporations, employees,
farmers and private citizens, working or retired.
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Full
Story>>
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ANALYSIS
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US-India nuclear deal a rare Bush foreign policy success
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WASHINGTON: A landmark US-India nuclear deal endorsed by the US
Congress is a rare foreign policy success for US President George W.
Bush and sets the stage for improved ties between the world’s two
largest democracies, experts say.
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Full
Story>>
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YOUTHOPIA
By Marylaine Louise Viernes
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Teenage gANGSTer
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I’ve always dreaded my birthday; anticipating it gives me a
poignant sense of excitement. I turned twenteen-two against my will
last Monday. It was another chance for me to complain about how
I’ve grown a year closer to my end but not an inch closer to what
I want to end up in.
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Full
Story>>
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LETTER
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Stranded OFWs on Kish Island sick, hungry, dying
Stranded Filipinos at Kish Island—hungry,
homeless, dying.
The Philippine government must address their
plight.
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Full
Story>>
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