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Philippines / Corruption #306490

CBS Evening News for Tuesday, Jan 21, 1986
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(Studio: Dan Rather) House subcommittee reported opening hearings into United States real estate holdings of Ferdinand and Imelda Marcos and their possible use of government funds for such investments.

(Manila, Philippines: Bill Redeker) Philippines' economy problems examined; scenes shown. Incr. criticism of Marcos' economy policies and corruption as basis of cntry.'s bankruptcy cited. [Banker Roman del ROSARIO - feels Marcos has raped government for decades.] Marcos' United States holdings discussed. [Representative Stephen SOLARZ - fears United States economic aid to Philippines has been used to enrich Marcos in United States realty.] [MARCOS - responds; remarks transcribed on screen.] Emigration of Filipinos due to economy situation noted. [Tom ACHICOSO - notes brain drain on cntry.] Efforts of Filipino matchmaking services in introduction women such as Lorna Yabut to foreign men mentioned.

Reporter(s):
Rather, Dan;
Redeker, Bill
Duration:
00:03:30

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