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Monday, September 29, 2008

 

Kiko hits govt inaction on ICC membership

Lawmakers report‘great progress’ on $700-B bailout  

WASHINGTON, D.C.: Lawmakers at the US Congress reached a tentative deal Sunday on a $700-billion bailout plan designed to buy up bad loans from financial institutions hit by failed mortgages.

House of Representatives Speaker Nancy Pelosi said the lawmakers had made “great progress” on the bill. “We have to get it committed to paper so we can formally agree,” she said.

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O T H E R   R E P O R T S

 

UNITED NATIONS: Japan is worried about a severe credit crunch, India wants regulations tightened, while China expects the situation to get worse before it gets better. The US financial crisis has been haunting Asian leaders as they took the rostrum at the UN General Assembly.

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WASHINGTON, D.C.: Barack Obama was to move his campaign to the industrial Midwest on Sunday, as the Democratic nominee and his Republican rival, John McCain, tore into one another over the reeling US economy.

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EXCLUSIVE  

The authorities think there is something fishy about a company in Malabon—literally.

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THE Court of Appeals has given the go signal allowing a lower court to prosecute the President’s husband, lawyer Jose Miguel Arroyo, in connection with a P12.5-million class suit filed by a group of journalists.

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A former Cabinet secretary said Sunday that the China milk scare presents an opportunity for the Philippines, as she asked the government to give incentives to local dairy producers.

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Senate Majority Leader Francis Pangilinan questioned the failure of Malacañang to submit to the Senate an international treaty called the Rome Statute that would make the Philippines a member of the International Criminal Court, or ICC.

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Severino O. Frayna Jr., Benjie Dela Rosa
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