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Aquino did her best to persuade President Reagan that if the economic wreckage that she inherited from former President Ferdinand Marcos, including a $26 billion foreign debt, is to be repaired, U.S. aid levels will have to rise. After their meetings, the two Presidents emerged on the White House portico for a press conference and a ceremony at which Treasury Secretary James Baker signed over to the Philippines $100 million in economic aid and $50 million in military assistance. In addition, the U.S. donated $20 million in medical supplies. All but the $20 million, however, was part...

Author: /time Magazine | Title: The Philippines Cory Hits a Grand Slam | 9/29/1986 | See Source »

...least in financial circles, Sept. 11 will forever be famous for more than being the birthday of D.H. Lawrence, Ferdinand Marcos and Dallas Cowboy Coach Tom Landry. Shocking investors both here and abroad, the Dow Jones industrial average nose-dived 86.6l points last Thursday, the largest one-day drop in the history of the New York Stock Exchange. Bond prices also fell, although not so sharply, amid renewed market worries that the U.S. economy was about to face higher interest rates and increased inflation...

Author: /time Magazine | Title: Sell Everything Now! | 9/22/1986 | See Source »

Benigno S. Aquino, the president's late husband and an opposition leader to Ferdinand Marcos, the deposed Philippines' president, served as a fellow at the CFIA before his assasination at the Manila International Airport in August...

Author: By David M. Lazarus, | Title: Aquino to Visit Harvard Next Week | 9/15/1986 | See Source »

There was only one big disappointment: no shoes. Otherwise, the display of opulence in the six-story Manhattan town house of former Philippine President Ferdinand Marcos and his wife Imelda was just what one would expect. Gold- plated lavatory fixtures. A kitchen on every floor. Three pianos and a harpsichord. Eighteen lace-covered pillows on the First Lady's richly canopied bed. Heroic ten-foot paintings of Marcos as a medal-bedecked leader and Imelda as a latter-day saint. A strobe-lighted and mirrored disco, outfitted with cushions bearing the mottoes of the Marcos millions. Example: "To be rich...

Author: /time Magazine | Title: Opulence and Waste | 8/18/1986 | See Source »

After Arturo Tolentino, an ally of ousted Leader Ferdinand Marcos, tried to seize power last month, Philippine President Corazon ("Cory") Aquino offered him clemency. But Tolentino refused to swear allegiance to Aquino's provisional constitution. Last week the Aquino government responded by formally charging Tolentino and 30 other Marcos supporters with rebellion. Under a Marcos-era decree, a person found guilty of leading a rebellion...

Author: /time Magazine | Title: The Philippines: Cory Decides to Get Tougher | 8/11/1986 | See Source »

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