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Tuesday, October 14, 2008 |
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EDITORIAL
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Cardiac arrest cures
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No concrete medicine was announced after the emergency meetings in
Washington of the policymakers and bankers of the Group of 7, the
Group of 20 and the International Monetary Fund and the World Bank.
The Financial Times’ editorial about the
meeting begins with the words: “The banking system of the western
world is suffering the equivalent of a cardiac arrest.” The
editorial ends with these frightening images: “What is needed is
to get the heart moving again. The heart of the world’s financial
system has stopped beating. It must be restarted. The challenge for
the doctors is as simple and as big as that.”
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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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IMF and World Bank’s reassurances
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There were also no details in the reassurances made by the heads of
the World Bank and International Monetary Fund (IMF) that the needs
of developing countries would be forgotten—or set aside—amid the
efforts to resuscitate the world’s financial system.
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POLICY
PEEK
By Ernesto F. Herrera
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Capable BSP
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The Philippine economy is already seeing the effects of a global
economic slowdown through a decrease in foreign investments flows.
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Story>>
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EAST
WEST
By Julius F. Fortuna
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Friends urging
Genuino to run in 2010
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The plan to erect the country’s first Entertainment City (E-City)
in Manila’s famous reclaimed area—quite ambitious if you ask
me—is finally getting the public notice that it deserves. It also
draws attention to the author of the project.
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FROM
THE SIDELINES
By Alfredo G. Rosario
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Recruitment
guidelines for Canada
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Atechnical team sent by Labor Secretary Marianito Roque to explore
the Canadian labor market has found a strong job potential for
Filipino workers in four of its western provinces that have signed a
labor agreement with the Department of Labor and Employment (DOLE).
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MEN
& EVENTS
By Alito L. Malinao
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US financial meltdown
and reverse migration
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My brother-in-law, an accountant in Chicago and still in his
mid-fifties, has told me of his decision to return to his hometown
in Tarlac to spend the rest of his life there. He said with the
recession, it would be foolish for him to stay in the US because the
high cost of living there could just eat up his retirement benefits.
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MISSION
IMPOSSIBLE
By Marit Stinus-Remonde
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Global Handwashing
Day
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Handwashing with soap is the single-most cost-effective health
intervention available to us today. This is the simple message of
the people behind the first-ever Global Handwashing Day.
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VIRTUAL
REALITY
By Tony Lopez
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A crash in confidence
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It is now becoming increasingly clear that what the United States is
suffering from is not a financial crisis, not a credit crisis, not a
meltdown, but a leadership crisis.
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Full
Story>>
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