Word: estrada
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Dates: during 2000-2009
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Indeed, it's happened before, and like predecessor Corazon Aquino, Arroyo will need all of her assets - plus some - to succeed in one of Asia's most difficult jobs. Arroyo has an easier lot than Aquino in 1986 - she doesn't have to dismantle a 20-year dictatorship. But Estrada left a whole lot of garbage behind, literally: Manila is inundated with uncollected trash due to bad planning by Estrada's administration. (Ironically, and possibly symbolically, the rankest part of town is now EDSA, where hundreds of thousands of Filipinos managed to evict a President and also make quite...
...growth is stalled and public debt is at record levels, which is triggering concern at the International Monetary Fund. The Philippine economy, bypassed long ago by the Asian Economic Miracle, might have found a niche in the New Economy, but any such hopes were put on hold by the Estrada debacle, which plunged the Philippines into its worst crisis of confidence since the Marcos years...
...Those deep economic troubles are unlikely to disappear with Estrada, as Arroyo concedes. "Things are so bad now," she says. "Oh yes, they can still get worse." Still, Arroyo has had a shadow cabinet since she quit Estrada's cabinet in October, and says she has big ideas for plugging the Philippines into the global economy. She talks about "structural reforms" and "a level playing field" - the kind of hip, business jargon that never escaped Estrada's lips. "Things can get better under us," she insists...
...less understood and loved than Aquino at the conclusion of the first People Power, despite her political pedigree and a stunning success in the 1998 vice presidential election. (In the Philippine system, voters choose presidents and vice presidents separately, and Arroyo got more votes than the highly popular Estrada...
...Arroyo reads the Bible every day; she also has daily sessions with a hairdresser and makeup artist. It's a measure of her readiness for the world stage that when Estrada was first accused of corruption by a former drinking pal, the allegation that would lead ultimately to his impeachment, Arroyo was in Rome for an audience with Pope John Paul...