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Wednesday, June 24, 2009 |
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EDITORIAL
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At the public’s expense
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APLAN of the National Power Corp. (Napocor) to borrow money for its
missionary unit is disturbing for it comes just a month after the
state-owned firm’s erstwhile overseer—the Power Sector Assets
and Liabilities Management Corp. (Psalm)—completed a $1-billion
bond sale. Napocor’s missionary electrification arm is the Small
Power Utilities Group (SPUG). It loses billions a year in generating
costs to served off-grid places. The losses are covered by
missionary subsidies from the national grid.
Napocor’s president said the company may
borrow P7 billion for SPUG’s capital requirements for the rest of
the year up to the early part of 2010.
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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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Another Iran in the
making
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The outpouring of popular indignation in Iran should serve as a
warning to politicians everywhere—including, nay, particularly
those in the Philippines.
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ENTHUSIASMS&FOREBODINGS
By Rene Q. Bas
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The power of the ugly
and the brutal
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My aim is to make you appreciate the art of Francis Bacon and of the
late National Artist Ang Kiukok, whose work has a spiritual bond to
Bacon’s.
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INSIDE
CONGRESS
By Efren L. Danao
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Telcos to get their
comeuppance
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If there is one Senate investigation that majority of the Filipinos
support, it is that on what Senate President Juan Ponce Enrile had
called “predatory” practices of telecommunications companies (telcos).
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SUNDAY
STORIES
By Marlen V. Ronquillo
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All options
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The luxury car dealers have a marketing come-on that is distinctly
theirs. Most of the vehicles they sell are in the “all-options”
category. When they say “all options” it exactly means
that—extras and technical innovations galore.
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FROM
THE NEWSROOM
By Johnna Villaviray-Giolagon
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Cleaning up the
carbon footprint
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It’s always sunny in Fili,” says a niece from merry ol’
London, commenting on my FB status about a Super Sunny Sunday.
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NEWS ANALYSIS (PART 1)
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Unlike
IMF, first-ever UN top-level financial
crisis confab gives developing nations a voice
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UNITED NATIONS: The United Nations (UN) is scheduled to kick off a
three-day high-level meeting at its headquarters in New York on June
14, to assess the worst global economic downturn since the Great
Depression.
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