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Wednesday, October 08, 2008 |
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Global recession
avoidable |
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In RP, President asks officials to draft plan |
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A global recession can be avoided with a coordinated plan to restore
market confidence shattered by the US subprime mortgage crisis, the
former International Monetary Fund chief said Tuesday.
Michel Camdessus said that if
world leaders can coordinate their actions now to reestablish
confidence in international markets, a recovery could be expected by
the end of next year.
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O T H E R R E P O R T S
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AYALA CORP. keen
on buying PHILAMLIFE CO.
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Ayala Corp. is willing to acquire
the Philippine-American Life and General Insurance Co. (Philamlife)
that is now being put on sale, Jaime Augusto Zobel de Ayala, the
chairman and chief executive of Ayala Corp., said Tuesday.
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Fed, US Treasury
move to blunt crisis
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WASHINGTON, D.C.: The Federal
Reserve and the US Treasury, armed with new emergency powers,
announced measures to tackle a rapidly escalating financial crisis
as panicked investors fled stock markets.
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Problems with
tainted milk may persist
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The melamine scare is here to
stay if government agencies continue skipping their homework to
assure consumers on the safety of imported milk and other food
products being sold in the country.
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Govt considers
halting military push vs. MILF
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The government may consider
suspending military operations in southern Philippines and resuming
peace negotiations with separatist rebels there, Executive Secretary
Eduardo Ermita said Tuesday.
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Attacks get
personal ahead of US debate
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NASHVILLE, Tennessee: Republican
John McCain questioned Barack Obama’s character, and the Democrat
pressed his foe’s alleged weakness on economic issues, as tempers
escalated ahead of today’s presidential debate.
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Obama widens lead
over McCain – polls
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WASHINGTON, D.C.: A fresh spate
of polls released Tuesday showed Democratic presidential hopeful
Barack Obama pulling ahead of Republican rival John McCain,...
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FEATURE
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Studies show
smoking drives people deeper in poverty
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While it’s no secret that
smoking can be hazardous to one’s health, experts are now saying
that puffing away may be also detrimental to one’s pocketbook.
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Poor governance
pulls RP down
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While most Asian countries are
making great economic strides, the prevalence of poor governance
practices in the Philippines is continuously pulling the country
down, said John Forbes,...
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